After Ping An Bank Co.Ltd(000001) won the “good start” in the disclosure of 2021 annual performance report of listed banks, China Merchants Bank Co.Ltd(600036) as the leader of China’s retail banks will also disclose 2021 annual performance report this week (March 19).
The reporter of Securities Daily found that as of March 14, 23 A-share listed banks had disclosed the performance express of 2021, and all of them had achieved positive growth. Among them, 20 banks, including China Merchants Bank Co.Ltd(600036) etc., had a double-digit year-on-year increase in net profit attributable to shareholders of the parent company.
Everbright Securities Company Limited(601788) financial industry chief analyst Wang Yifeng told the reporter of Securities Daily that the disclosed performance letters of listed banks in 2021 were all outstanding. On the whole, there are three characteristics: first, the revenue growth rate is generally stable, and the profit growth rate is higher than that in the third quarter of 2021; Second, the asset quality continued to improve, and the non-performing rate decreased slightly or remained flat quarter on quarter; Third, the provision coverage rate increased quarter on quarter, and the risk offset ability was enhanced.
It is worth noting that recently, the five major state-owned banks of China, agriculture, industry, construction and communications collectively disclosed the announcement of serving the real economy, which disclosed the operating conditions in the first two months of this year. The five major state-owned banks said that from January to February this year, their business indicators made steady progress and achieved a good start.
In addition to the large state-owned banks, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) also released an announcement a few days ago to disclose the operating data of the first two months of this year, and the operating revenue in the first two months of this year increased by 27.94% year-on-year.
“For some listed companies, disclosing the monthly report is a choice to show their current state to the market.” Jiang Han, a senior researcher at Pangu think tank, told the Securities Daily that among the more than 4000 banking financial institutions in China, the five major banks have basically played a pillar role. Therefore, the positive significance of the good performance of the five major banks for the market is great.
Jiang Han further analyzed that if the purpose of the general listed companies to disclose the monthly report is to give a certain confidence to the capital market, the collective monthly report disclosure logic of the five major banks may be more clear than that of the general listed companies, which is not only to show their own good business development to the market, but also to send a positive signal to the market.
From the bank announcement that has announced the operation of the first two months of 2022, we can also see the direction of credit supply of some banks this year. Wang Yifeng told the reporter of Securities Daily that it can be seen from the announcement of the operation of the five major banks in the first two months that their business growth areas mainly focus on Inclusive Finance, green development, scientific and technological innovation and high-end manufacturing, and their credit resources are more inclined to developed regions such as the Yangtze River Delta, the Pearl River Delta and the Chengdu Chongqing economic circle. From January to February this year, the operating indicators of large banks made steady progress, and the growth of deposits and loans was better than that in the same period last year.
Looking to the future, Wang Yifeng believes that according to the “triangular model” of budget planning, it is expected that RMB loans will be increased by 21 trillion yuan to 22 trillion yuan in 2022, which is a wider credit force point than that in 2021, mainly due to the recovery and growth of government financing related fields, green finance, Inclusive Finance and real estate financing.
