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Research Reports on digging gold丨Zhongtai: Qilu Banks' performance growth is marginally upward, maintaining a "Shareholding" rating.
Zhongtai's Research Reports indicate that Qilu Bank (601665.SH) is expected to achieve a year-on-year revenue growth of +4.6% in 2024 (compared to +4.3% in 3Q24) and a net income growth of +17.8% (compared to +17.2% in 3Q24). Both revenue and net income growth rates are marginally increasing. Preliminary estimates suggest that the floating profit from OCI for Qilu Bank in 2024 will account for 23% of its revenue, expected to support revenue in 2025. Qilu Bank is closely following the policy for the transformation of new and old kinetic energy in ShanDong, and faced with a fiercely competitive environment, it is vigorously developing county-level finance by leveraging the unique strengths of the strong county economy within the province to achieve differentiated competition. At the same time, the company
Qilu Bank: Qilu Bank Co., Ltd. 2024 Annual Performance Report Announcement
Qilu Bank Co., Ltd. 2024 Annual Results Express Announcement
Qilu Banks (601665.SH) performance report: The net income for 2024 is 4.986 billion yuan, a year-on-year increase of 17.77%.
On February 5, Glonghui reported that Qilu Bank (601665.SH) announced its performance preliminary report for 2024. In 2024, the bank achieved revenue of 12.496 billion yuan, a year-on-year increase of 4.55%; net income attributable to shareholders of the listed company was 4.986 billion yuan, a year-on-year increase of 17.77%; basic EPS was 0.97 yuan, a year-on-year increase of 11.49%. As of the end of 2024, the bank's total assets were 689.539 billion yuan, an increase of 84.723 billion yuan from the beginning of the year, a growth of 14.01%; total loans amounted to 337.142 billion yuan, an increase of 369.4 million yuan from the beginning of the year.
Commonwealth Bank of Australia offloads 4.3 billion in Bank Of Hangzhou and still Holds a 15% stake in Qilu Bank.
① The Commonwealth Bank of Australia has agreed to transfer its remaining 5.45% stake in the Bank of Hangzhou to New China Life Insurance, for a total price of approximately 4.3 billion yuan; ② As of now, the Commonwealth Bank of Australia still Holds a 15% stake in Qilu Bank, making it the largest Shareholder.
The Pacific Securities 2025 Banks industry strategy: dividends, risk improvement, and pro-cyclical drivers to hedge against margin pressure.
In the future, with the improvement of risk expectations and the continued focus on Market Cap management, the Banks Sector is expected to welcome a revaluation.
