- Chongqing Rural Bank’s net income for the financial year was 10.90 billion yuan, a 5.8% increase from the previous year.
- The bank’s net income fell short of the estimated 11.1 billion yuan.
- Net interest income was reported at 23.49 billion yuan, marking a 7.5% decrease year over year.
- The net interest income also missed the estimated 23.99 billion yuan.
- The bank’s core tier 1 capital ratio was higher than expected at 13.5%, surpassing the estimated 13%.
- The capital adequacy ratio also exceeded expectations, reported at 16% against an estimate of 15%.
- The bank declared a dividend per share of 28.85 RMB cents.
- The bank received 7 ‘buy’ ratings, 2 ‘hold’ ratings, and 1 ‘sell’ rating.
- All comparisons to past results are based on values reported by the company’s original disclosures.
A look at Chongqing Rural Commercial Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Chongqing Rural Commercial Bank Co.,Ltd. is looking to have a positive long-term outlook, according to the Smartkarma Smart Scores. The bank has received a high score of 5 in both value and dividend, indicating a strong financial standing and potential for good returns to shareholders. In addition, the bank has scored a 4 in growth, suggesting potential for expansion and development in the future.
However, the bank has received a lower score of 2 in resilience, which may raise some concerns about its ability to withstand potential challenges or economic downturns. Nevertheless, the bank has scored a perfect 5 in momentum, indicating strong performance and positive market sentiment. Overall, Chongqing Rural Commercial Bank Co.,Ltd. appears to be a stable and promising financial institution, providing a range of personal and corporate banking and financial services to its customers.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
