On April 16, Bank Of Nanjing Co.Ltd(601009) will take the lead in disclosing the first quarterly report of 2022, becoming the first quarterly performance report of 2022 submitted by 42 listed banks in Shanghai and Shenzhen.
According to the scheduled disclosure schedule released by Shanghai and Shenzhen Stock Exchange, following Bank Of Nanjing Co.Ltd(601009) , the quarterly reports of the remaining 41 listed banks will be fully disclosed within a few days from April 22 to the end of the month. On April 29, the first quarterly report of 17 banks will appear collectively, accounting for more than 40% of the number of A-share listed banks. The first quarter results of all 42 A-share listed banks will also be disclosed by the end of this month. Since the second quarter of last year, Qilu Bank Co.Ltd(601665) , Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.Ltd(601528) , Shanghai Rural Commercial Bank Co.Ltd(601825) and Bank of Lanzhou have successively completed A-share IPO. This time, the first quarterly report after listing will also be disclosed.
\u3000\u3000 "In the first two months of 2022, China's consumption, investment, export, industrial production and other economic performance indicators exceeded expectations. Although the economic activities in some areas of many cities were affected by the epidemic in March, the national economic growth in the first quarter is still expected to reach 5.2%. Therefore, the overall improvement of the macro economy has brought a strong driving force for the development of the banking industry. Coupled with the strong demand for funds at the beginning of the year, the performance of listed banks in the first quarter will basically remain stable With the development trend of seeking progress while maintaining stability, it is more likely to achieve a "good start" in performance. " Bank Of China Limited(601988) Research Institute postdoctoral Li Yelin said in an interview with reporters.
Whether the performance of listed banks in the first quarter of this year can continue to perform well is one of the concerns of the market. In this regard, Jiang Han, a senior researcher of Pangu think tank, told reporters that the performance of listed banks in the first quarter of this year can still be expected. He predicted that the overall profitability and asset quality of listed banks will remain stable in the first quarter of 2022. At the same time, the possibility of polarization in the performance of listed banks is not ruled out. The performance of large state-owned industries will still be stable, but the performance of some small and medium-sized banks may not be satisfactory.
As of Wednesday, 25 of the 42 A-share listed banks had disclosed their annual reports for 2021, and the overall asset quality of the banks had also improved significantly. Among them, the net profit of 25 banks increased year-on-year last year, and the net profit of 10 banks increased by more than 20% year-on-year; The number of banks with non-performing loan ratio decreased compared with that at the end of 2020 was as high as 23, and the non-performing loan ratio of 6 banks including Bank Of Ningbo Co.Ltd(002142) was lower than 1%.
Li Yelin believes that with the high growth of Bank Of China Limited(601988) industry's net profit in 2021 and the lifting effect of low base effect disappears, the profit growth of commercial banks basically returns to normal. It is expected that the year-on-year growth of net profit in the first quarter of 2022 will be close to 10%. From the perspective of asset quality, thanks to the restorative growth of the real economy and the diversified development of non-performing asset disposal means, the asset quality of listed banks is expected to continue to improve in the first quarter of 2022, the non-performing loan ratio will remain downward, and the balance of non-performing loans may rise slightly, but the asset quality of small and medium-sized banks needs continuous attention.
As the backbone of listed banks, large state-owned banks performed quite well last year. In 2021, the six state-owned banks realized a total net profit attributable to the parent of 1.27 trillion yuan, an increase of 11.85% year-on-year, and the net profit attributable to the parent of all banks increased by more than 10% year-on-year. Li Yelin said that due to the solid foundation of large state-owned banks and the relatively controllable impact of the epidemic, the performance growth in the first quarter of this year was relatively stable. At the same time, some joint-stock banks and urban commercial banks and rural commercial banks in areas with good economic foundation grew rapidly. It is worth noting that the Yangtze River Delta and Dawan district are the areas where the epidemic is more serious, and the performance of local urban commercial banks and rural commercial banks in the first quarter may be deeply affected.
He also said that although the epidemic in Shanghai and other places had a certain impact on economic operation in mid and late March, due to the short time between the outbreak of the epidemic and the end of the first quarter, and the risk transmission chain from the real economy to the banking industry is not complete, the impact on the performance of listed banks in the first quarter is relatively controllable, and the overall performance is expected to remain stable and upward.
Jiang Han also believes that the epidemic and other factors will bring some pressure on the performance of listed banks in the first quarter, but it should also be noted that the epidemic began to repeat at the end of the first quarter, so it will not completely affect the overall trend of the performance of listed banks in the first quarter.
