Rare! The four major banks collectively "spoiled" the operation of the first two months of this year in advance.
On March 10, Industrial And Commercial Bank Of China Limited(601398) , China Construction Bank Corporation(601939) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , Bank Of China Limited(601988) 4 major state-owned banks issued an announcement, indicating that their business operation has made steady progress and achieved a good start.
core business growth is better than that in the same period
Industrial And Commercial Bank Of China Limited(601398) said that in the first two months, the bank actively adapted to the changes of the external environment, maintained stable operation and made progress, and the growth of deposit and loan business was better than that in the same period, achieving a good start.
Agricultural Bank Of China Limited(601288) said that in the first two months, the bank actively adjusted the credit structure around the national strategy, continued to strengthen rural revitalization and financial services for the real economy, continued to maintain a good growth trend of credit supply, strictly controlled risks, made steady progress in business operation, and the growth of main business was better than that in the same period, achieving a good start.
Bank Of China Limited(601988) said that in the first two months, the bank actively adapted to the changes in the external environment, maintained steady progress in operation and achieved a good start.
Focusing on the two key areas of prosperity and financial stability, the Bureau of science, technology and finance continued to deepen its efforts to achieve sustainable development in the two key areas of prosperity and financial services.
In addition to the four major banks, on March 9, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) also disclosed the operation from January to February 2022. In the first two months, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) achieved an operating revenue of 1.668 billion yuan, a year-on-year increase of 27.94%; The net profit attributable to ordinary shareholders was 481 million yuan, a year-on-year increase of 25.64%.
"This releases the overall stability signal." Said Wang Yifeng, chief banking analyst at Everbright Securities Company Limited(601788) Research Institute.
Changjiang Securities Company Limited(000783) banking analyst Ma Xiangyun believes that on the one hand, this reflects the stable and positive fundamentals of banks, especially large banks. On the other hand, since the beginning of this year, we have emphasized steady growth and wide credit. Bank credit has performed well, and the support of credit to the real economy is stable and good. Therefore, the market is more optimistic about the guidance of "steady growth" throughout the year.
Up to now, Ping An Bank Co.Ltd(000001) has disclosed the 2021 performance report, and another 22 listed banks have disclosed the 2021 performance express. All of the above 23 banks achieved positive growth in net profits attributable to shareholders, and the net profits of many banks increased by more than 20%.
optimistic about the power and space for the rise of bank stocks
Data show that since the beginning of the year, the Shenwan bank index has fallen by 2.58%, ranking fourth among 31 Shenwan level industries. The Shanghai index has fallen by 10.53% since the beginning of the year, and the banking sector has outperformed the market.
Ma Xiangyun said that since the beginning of the year, the overall trend of bank stocks has been good. Despite market volatility, bank stocks, including some high-quality banks, rose. In the future, considering the economic growth target, the operation of state-owned banks in the first two months of "steady progress" and the market's confidence in the "steady growth" of macro-economy, it is expected that the bank valuation should have the power and space to continue to rise throughout the year.
Wang Yifeng believes that the recent adjustment of bank stocks is more a reflection of capital and sentiment, and the adjustment is much smaller than that of other sectors. The excess return of bank stocks is obvious. "Considering the future wide credit process, we will continue to be optimistic about bank stocks in the next stage."
5 billion + 24.5 billion yuan Midea Group Co.Ltd(000333) domineering
Appliance giant Midea Group Co.Ltd(000333) bought back again.
On the evening of March 10, the company disclosed that it planned to repurchase the company's shares of no more than 5 billion yuan and no less than 2.5 billion yuan at a price of no more than 70 yuan per share.
According to the announcement, the repurchased shares will be used to implement the company's equity incentive plan and / or employee stock ownership plan. Some companies that are not used during the legal period will perform relevant procedures to cancel and reduce their registered capital.
The excellent operating performance and financial condition provide support for the repurchase of Midea Group Co.Ltd(000333) the company.
It is disclosed that as of September 30, 2021, Midea Group Co.Ltd(000333) total assets are about 376.3 billion yuan, monetary capital is about 55.9 billion yuan, net assets attributable to shareholders of listed companies are about 118.5 billion yuan, and the company's asset liability ratio is 65.91%.
Midea Group Co.Ltd(000333) is the "king of repurchase" in the A-share market. The company's first repurchase can be traced back to 2015. In June of that year, the company disclosed that it planned to repurchase no more than 1 billion yuan of company shares, and the repurchase amount reached the upper limit of 1 billion yuan at the end of July of that year.
In July 2018, Midea Group Co.Ltd(000333) issued a share repurchase plan of no more than 4 billion yuan. By the end of that year, the total repurchase amount had been close to 4 billion yuan.
In February 2019, Midea Group Co.Ltd(000333) launched a new round of share repurchase plan, and the repurchase amount is expected to be no more than 6.6 billion yuan. By February 2020, the company has repurchased 3.2 billion yuan of company shares (the number of repurchases has reached the lower limit of the repurchase scheme).
Just after the implementation of the previous round of repurchase plan, Midea Group Co.Ltd(000333) immediately launched a new repurchase plan.
In February 2020, Midea Group Co.Ltd(000333) announced that it planned to buy back the company's shares of no more than 5.2 billion yuan. By October of that year, Midea Group Co.Ltd(000333) repurchase had paid about 2.7 billion yuan in total, ending this round of repurchase.
In February 2021, Midea Group Co.Ltd(000333) re issued the repurchase plan, and the repurchase amount is expected to be no more than 14 billion yuan. By April of that year, the company had completed this round of repurchase and paid a total of 8.664 billion yuan.
A month later, in May 2021, Midea Group Co.Ltd(000333) again threw out the repurchase plan, with the maximum repurchase amount of 5 billion yuan. In August of that year, the total repurchase amount of Midea Group Co.Ltd(000333) reached 5 billion yuan.
Today, Midea Group Co.Ltd(000333) is the seventh round of repurchase. Simple calculation: in the first six rounds of repurchase, Midea Group Co.Ltd(000333) has paid out a total of 24.564 billion yuan.
Since the beginning of this year, Midea Group Co.Ltd(000333) share price has performed poorly and has fallen by more than 20% since the beginning of the year. Closing on March 10, Midea Group Co.Ltd(000333) closed at 58.87 yuan, down 1.09% on the same day.
