According to the data, as of the press release of March 6, 22 listed banks have announced the performance express of 2021, all of which have achieved the desired results. Among them, the growth rate of parent net profit of 19 banks reached double digits, accounting for more than 80%. International capital also paid more attention to A-share bank stocks. Two bank stocks with a market value of 100 billion were newly included in the FTSE China A50 Index.
On March 3, Bank Of Shanghai Co.Ltd(601229) released the performance express for 2021, becoming another listed bank with promising performance. According to the data, the bank achieved an operating revenue of 56.230 billion yuan in 2021, a year-on-year increase of 10.81%; The net profit attributable to the shareholders of the parent company was 22.042 billion yuan, a year-on-year increase of 5.54%. In terms of asset quality, by the end of December 2021, the total assets of the bank had reached 2.65 trillion yuan, a year-on-year increase of 7.76%; The non-performing loan ratio was 1.25%, a year-on-year increase of 0.03 percentage points; The provision coverage rate was 301.13%, a year-on-year decrease of 20.25 percentage points.
Data show that as of March 6, 22 banks have disclosed their performance express, with a bright overall performance. In terms of revenue, except Xiamen Bank Co.Ltd(601187) , all the other 21 listed banks achieved pre increase. In terms of net profit attributable to the parent company, all 22 listed banks achieved positive growth.
In terms of performance scale, the revenue of China Merchants Bank Co.Ltd(600036) , Industrial Bank Co.Ltd(601166) , China Citic Bank Corporation Limited(601998) in 2021 ranked among the top three listed banks, all of which were more than 200 billion yuan, and the revenue of China Merchants Bank Co.Ltd(600036) ranked first with 331234 billion yuan. China Merchants Bank Co.Ltd(600036) is also the only listed bank with a net profit attributable to its parent company of more than 100 billion yuan so far, with a net profit attributable to its parent company of 119922 billion yuan in 2021 Industrial Bank Co.Ltd(601166) , China Citic Bank Corporation Limited(601998) followed closely, and the net profit attributable to the parent company in 2021 was 82.680 billion yuan and 55.641 billion yuan respectively.
In terms of performance growth, the revenue of 11 listed banks increased by more than 10% year-on-year, and the net profit attributable to the parent of 19 listed banks increased by more than 10% year-on-year. Among them, Bank Of Ningbo Co.Ltd(002142) ranked first with a revenue growth rate of 28.24% and Bank Of Jiangsu Co.Ltd(600919) with a net profit growth rate of 30.72%. It is worth noting that Xiamen Bank Co.Ltd(601187) as the only listed bank whose revenue decreased year-on-year, the growth rate of its net profit attributable to its parent company also reached 18.65%.
On the whole, the performance “report card” of listed banks in 2021 is brilliant. Many institutions expect that under the guidance of stable growth policy, the performance of commercial banks is expected to continue to improve, or further catalyze the valuation repair Boc International (China) Co.Ltd(601696) said that the recent sustained steady growth and other statements may continue to catalyze the bank market, the policy will work, and the data improvement may continue to appear. Caixin Securities believes that according to the banking operation indicators released by the regulatory authorities in the early stage and the performance express of some listed banks, it is expected that the performance of listed banks will continue to improve and the asset quality will improve, which is expected to further catalyze the valuation repair.
It is worth noting that overseas capital has also paid more attention to A-share listed bank shares recently. On March 2 local time, FTSE Russell, an internationally renowned index compilation company, announced the annual audit change results of FTSE China 50 index and FTSE China A50 Index. In this adjustment, the FTSE A50 Index includes two new bank stocks with a market value of 100 billion, namely Bank Of Ningbo Co.Ltd(002142) and Postal Savings Bank Of China Co.Ltd(601658) .
Meanwhile, Allianz China A-share fund, the largest overseas Chinese equity fund, increased its position in January China Merchants Bank Co.Ltd(600036) . As of January 31, the fund held China Merchants Bank Co.Ltd(600036) with a market value of USD 318 million and an increase of 10.10%. Another overseas Chinese equity fund, Morgan Fund – China A-share opportunity a (cumulative), also has the presence of bank stocks in the top ten heavy positions of RMB, namely China Merchants Bank Co.Ltd(600036) , Bank Of Ningbo Co.Ltd(002142) . In addition, China Construction Bank Corporation(601939) , Industrial And Commercial Bank Of China Limited(601398) and China Merchants Bank Co.Ltd(600036) also appeared in the newly announced positions of Norwegian government global pension funds in 2021, and the market value of positions ranked among the top 10.
