Announcement • Jun 09
China Everbright Bank Company Limited, Annual General Meeting, Jun 29, 2026 China Everbright Bank Company Limited, Annual General Meeting, Jun 29, 2026, at 15:00 China Standard Time. Location: conference room of 3rd floor, tower a, china everbright center, no. 25 taipingqiao avenue, xicheng district, beijing China Reported Earnings • May 05
First quarter 2026 earnings released: EPS: CN¥0.17 (vs CN¥0.19 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.17 (down from CN¥0.19 in 1Q 2025). Revenue: CN¥22.9b (down 7.1% from 1Q 2025). Net income: CN¥9.99b (down 20% from 1Q 2025). Profit margin: 44% (down from 51% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Price Target Changed • Apr 07
Price target decreased by 8.6% to CN¥3.71 Down from CN¥4.05, the current price target is an average from 7 analysts. New target price is 17% above last closing price of CN¥3.18. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥0.58 last year. Reported Earnings • Apr 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.58 (down from CN¥0.62 in FY 2024). Revenue: CN¥89.9b (down 5.3% from FY 2024). Net income: CN¥34.2b (down 7.3% from FY 2024). Profit margin: 38% (in line with FY 2024). Net interest margin (NIM): 1.40% (down from 1.54% in FY 2024). Cost-to-income ratio: 29.1% (down from 29.8% in FY 2024). Non-performing loans: 1.25% (up from 1.23% in FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 30
China Everbright Bank Company Limited to Report Q1, 2026 Results on Apr 30, 2026 China Everbright Bank Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Buy Or Sell Opportunity • Mar 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to CN¥3.31. The fair value is estimated to be CN¥4.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 8.5%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 40% in the next 2 years. Announcement • Jan 13
China Everbright Bank Company Limited Approves an Interim Dividend for the Year 2025 on H Shares, Payable on or about 4 March 2026 China Everbright Bank Company Limited at its EGM held on January 13, 2026 approved an interim dividend of RMB 1.05 (tax inclusive) per 10 share for the year 2025 to H Shareholders. Record date is 22 January 2026. The Interim Dividend is expected to be distributed to the H Shareholders of the Company on or about 4 March 2026. Announcement • Jan 06
China Everbright Bank Company Limited Announces Changes to Its Board and Committee China Everbright Bank Company Limited references the announcements published on September 26, 2025 and November 14, 2025 in relation to the consideration and approval of the election of Mr. Liu Qiao as an Independent Non-executive Director of the tenth session of the board of directors of the Company by the Board and the shareholders' general meeting, as well as the announcement published on November 14, 2025 in relation to the consideration and approval of the appointment of Mr. Liu Qiao as a member of the Strategy Committee, a member of the Nomination Committee, the chairman of the Remuneration Committee and a member of the Related Party Transactions Control Committee of the tenth session of the Board. Due to the expiration of his term of office, Mr. Liu Qiao ceased to serve as an independent non-executive director of China Merchants Bank Co. Ltd. and ceased to hold positions on the relevant special committees of its board of directors since December 30, 2025. Pursuant to Article 16 of the Administrative Measures for the Qualifications of Directors (Council Members) and Senior Management Members of Banking Financial Institutions issued by the National Financial Regulatory Administration, Mr. Liu Qiao's qualification to serve as a director does not require reapplication for approval. Accordingly, Mr. Liu Qiao will serve as an Independent Non-executive Director of the Company and hold positions on the relevant special committees of the Board with effect from the date of this announcement. Announcement • Dec 26
China Everbright Bank Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 China Everbright Bank Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Nov 14
China Everbright Bank Company Limited Announces Changes to Its Board China Everbright Bank Company Limited announced in a meeting held on November 14, 2025 the election of independent Non-executive Directors of the tenth session of the Board of Directors as following: Election of Ms. Li Yingqi as an Independent Non-executive Director, Election of Mr. Hu Xiang as an Independent Non-executive Director and Election of Mr. Liu Qiao as an Independent Non-executive Director. The company also announced Mr. Qu Liang and Mr. Zhu Wenhui have ceased to act as Directors from the date of the resolution of the General Meeting due to the expiration of their terms of office, and confirmed that they have no disagreement with the Board of Directors and there are no matters relating to their resignation that need to be brought to the attention of the Shareholders. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.20 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.17 (down from CN¥0.20 in 3Q 2024). Revenue: CN¥25.5b (down 10.0% from 3Q 2024). Net income: CN¥12.4b (down 11% from 3Q 2024). Profit margin: 49% (in line with 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Sep 30
China Everbright Bank Company Limited to Report Q3, 2025 Results on Oct 31, 2025 China Everbright Bank Company Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Sep 26
China Everbright Bank Company Limited Announces Board Resignations China Everbright Bank Company Limited announced that the term of the ninth session of the Board of Directors has expired. The Company was informed that, among the members of the ninth session of the Board of Directors, Mr. Qu Liang, Mr. Zhu Wenhui, Mr. Shao Ruiqing, Mr. Hong Yongmiao and Mr. Huang Zhiling will retire and will not stand for re-election as Directors of the tenth session of the Board of Directors. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.19. Revenue: CN¥25.5b (up 1.1% from 2Q 2024). Net income: CN¥11.3b (up 19% from 2Q 2024). Profit margin: 44% (up from 38% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Banks industry in China. Declared Dividend • Jul 21
Dividend of CN¥0.085 announced Shareholders will receive a dividend of CN¥0.085. Ex-date: 24th July 2025 Payment date: 24th July 2025 Dividend yield will be 4.4%, which is lower than the industry average of 5.5%. Announcement • Jun 30
China Everbright Bank Company Limited to Report First Half, 2025 Results on Aug 30, 2025 China Everbright Bank Company Limited announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 06
China Everbright Bank Company Limited, Annual General Meeting, Jun 27, 2025 China Everbright Bank Company Limited, Annual General Meeting, Jun 27, 2025, at 15:00 China Standard Time. Location: conference room of 3rd floor, tower a, china everbright center, no. 25 taipingqiao avenue, xicheng district, beijing, China Reported Earnings • Mar 30
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥0.62. Revenue: CN¥94.9b (up 1.7% from FY 2023). Net income: CN¥41.7b (up 16% from FY 2023). Profit margin: 44% (up from 39% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Banks industry in China. Announcement • Mar 28
China Everbright Bank Company Limited to Report Q1, 2025 Results on Apr 30, 2025 China Everbright Bank Company Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Jan 07
China Everbright Bank Company Limited Approves Interim Cash Dividend for the Six Months Ended 30 June 2024, Payable on 20 February 2025 China Everbright Bank Company Limited approved interim cash dividend for the six months ended 30 June 2024 of RMB 1.04 per 10 share. Ex-dividend date: 09 January 2025. Record date: 16 January 2025. Payment date: 20 February 2025. Date of shareholders' approval: 07 January 2025. Announcement • Dec 27
China Everbright Bank Company Limited to Report Fiscal Year 2024 Results on Mar 29, 2025 China Everbright Bank Company Limited announced that they will report fiscal year 2024 results on Mar 29, 2025 Announcement • Oct 31
China Everbright Bank Company Limited Proposes Interim Cash Dividend for the Six Months Ended 30 June 2024 China Everbright Bank Company Limited proposed Interim cash dividends at RMB 1.04 (tax inclusive) per 10 shares in compliance with relevant laws, regulations and the Articles of Association of the Company for the Six Months Ended 30 June 2024. Announcement • Sep 30
China Everbright Bank Company Limited to Report Q3, 2024 Results on Oct 31, 2024 China Everbright Bank Company Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Sep 02
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19. Revenue: CN¥25.3b (up 3.1% from 2Q 2023). Net income: CN¥13.7b (up 53% from 2Q 2023). Profit margin: 54% (up from 37% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Announcement • Jul 29
China Everbright Bank Company Limited Announces Director Changes China Everbright Bank Company Limited at its EGM held on July 29, 2024 appointed Hao Cheng as an executive director and Zhang Mingwen as a non-executive director. Declared Dividend • Jul 18
Dividend reduced to CN¥0.17 Dividend of CN¥0.17 is 8.9% lower than last year. Ex-date: 24th July 2024 Payment date: 24th July 2024 Dividend yield will be 5.1%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is well covered by earnings (28% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has increased by an average of 1.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 04
China Everbright Bank Company Limited Announces Resignation of Wang Zhe as External Supervisor, Member of Nomination Committee and Supervision Committee China Everbright Bank Company Limited announced Mr. Wang Zhe, an External Supervisor, ceased to act as an External Supervisor, a member of the Nomination Committee and the Supervision Committee of the Board of Supervisors of the Company with effect from 3 July 2024 due to the expiry of his term of office. Announcement • May 29
China Everbright Bank Company Limited Announces Appointment of Members of the Committees of the Board of Directors China Everbright Bank Company Limited has approved that Mr. Cui Yong will serve as a member of the Strategy Committee of the ninth session of the Board, Ms. Qi Ye will serve as a member of the Social Responsibility, Inclusive Finance Development and Consumer Rights and Interests Protection Committee of the ninth session of the Board, and Mr. Yang Bingbing will serve as a member of the Risk Management Committee of the ninth session of the Board. The above appointment of Mr. Cui Yong shall be effective from the date of passing of the Board resolution, and the above appointments of Ms. Qi Ye and Mr. Yang Bingbing shall be effective from the date of the approval of their qualifications as directors by the National Financial Regulatory Administration. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.19 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.18. Revenue: CN¥24.4b (down 3.4% from 1Q 2023). Net income: CN¥12.4b (up 16% from 1Q 2023). Profit margin: 51% (up from 42% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥152.7b to CN¥143.0b. EPS estimate also fell from CN¥0.759 per share to CN¥0.641 per share. Net income forecast to grow 8.2% next year vs 13% growth forecast for Banks industry in China. Consensus price target broadly unchanged at CN¥3.31. Share price fell 8.9% to CN¥3.06 over the past week. Announcement • Mar 29
China Everbright Bank Company Limited to Report Q1, 2024 Results on Apr 30, 2024 China Everbright Bank Company Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.62. Revenue: CN¥93.6b (down 7.2% from FY 2022). Net income: CN¥40.8b (up 2.0% from FY 2022). Profit margin: 44% (up from 40% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in China. Announcement • Mar 27
China Everbright Bank Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 31 July 2024 China Everbright Bank Company Limited proposed final dividend of RMB 1.73 per 10 share for the year ended 31 December 2023. Payment date is 31 July 2024. Announcement • Mar 09
China Everbright Bank Company Limited Approves Election of Cui Yong as Vice Chairman The Board of China Everbright Bank Company Limited announced that the 15th meeting of the ninth session of the Board was convened on 8 March 2024 and the Resolution on the Election of Mr. Cui Yong as the Vice Chairman of the Ninth Session of the Board of China Everbright Bank Company Limited was considered and approved unanimously. The Board approved the election of Mr. Cui Yong as the Vice Chairman of the Ninth Session of the Board. The appointment of Mr. Cui Yong as the Vice Chairman shall be effective from the date of the approval of his qualification by the National Administration of Financial Regulation. Announcement • Mar 07
China Everbright Bank Company Limited Announces Board Appointments China Everbright Bank Company Limited approved election of Mr. Cui Yong, Ms. Qi Ye and Mr. Yang Bingbing as a non-executive director of the ninth session of the board of directors. Announcement • Jan 30
China Everbright Bank Company Limited Announces Demise of Han Fuling, an Independent Non-Executive Director China Everbright Bank Company Limited announced passing away of Mr. Han Fuling, an Independent Non-executive Director of the Company, due to illness. During his tenure as an Independent Non-executive Director of the Company, a member of the Nomination Committee, the Remuneration Committee, the Related Party Transactions Control Committee, as well as the Social Responsibility, Inclusive Finance Development and Consumer Rights and Interests Protection Committee of the board of directors, Mr. Han Fuling was diligent and dedicated, performed his duties and obligations as an Independent Non-executive Director of the Company faithfully. He provided advice and suggestions on matters such as related party transactions management and inclusive finance development, and contributed positively in promoting the high-quality development of the Company. Announcement • Dec 30
China Everbright Bank Company Limited to Report Fiscal Year 2023 Results on Mar 29, 2024 China Everbright Bank Company Limited announced that they will report fiscal year 2023 results on Mar 29, 2024 Announcement • Nov 22
China Everbright Bank Company Limited Announces Resignation of Liu Chong as Non-Executive Director China Everbright Bank Company Limited announced that Mr. Liu Chong, a Non-executive Director of China Everbright Bank Company Limited tendered his resignation to the board of directors of the Company recently, resigning from the positions as a Non-executive Director of the Company, a member of the Risk Management Committee of the Board and a member of the Social Responsibility, Inclusive Finance Development and Consumer Rights and Interests Protection Committee of the Board, as he was unable to devote sufficient time to fulfill his duties due to personal matters. Pursuant to the Company Law of the People's Republic of China and other relevant laws and regulations and the articles of association of the Company, Mr. Liu Chong's resignation became effective since 20 November 2023. Announcement • Nov 18
China Everbright Bank Company Limited Announces Board Changes Everbright Bank Company Limited tendered his resignation to the board of directors of the Company on 17 November 2023 due to job adjustment, resigning from the positions as the Chairman of the Board, the Non-executive Director, the Chairman and a member of the Strategy Committee of the Board and a member of the Nomination Committee of the Board of the Company. The Board announces that at the 11th meeting of the ninth session of the Board convened on 17 November 2023, the Board has considered and approved unanimously the Resolution on Election of Mr. Wu Lijun as the Chairman of the Ninth Session of the Board of China Everbright Bank Company Limited and the Resolution on Approval of Chairman and Member of Certain Special Committees of the Ninth Session of the Board of China Everbright Bank Company Limited. The Board approved the election of Mr. Wu Lijun as the Chairman of the ninth session of the Board, and approved Mr. Wu Lijun to serve as the Chairman of the Strategy Committee and a member of the Nomination Committee of the ninth session of the Board. The appointment of Mr. Wu Lijun as the Chairman shall be effective from the date of the approval of his qualification by the National Administration of Financial Regulation. The appointment of Mr. Wu Lijun as a member of the Board committees shall be effective from the date of passing of the Board resolution. The biographical details of Mr. Wu Lijun are as follows: Mr. Wu Lijun, aged 59, has served as the vice chairman of the Board since March 2020. He currently serves as the secretary of the CPC Committee and chairman of the board of directors of China Everbright Group Ltd. He successively served as the deputy director (deputy bureau director level) ofthe State Material Reserve Regulatory Center of the Ministry of Internal Trade; chief of information center, deputy director (presiding) of training center, director of the Department of Personnel and Education, and director of the Party Committee Organization Department of China SecuritiesRegulatory Commission (CSRC); member of the CPC Committee and assistant chairman of CSRC; chairman of the board of directors and secretary of the CPC Committee (deputy minister level) of Shenzhen Stock Exchange; deputy secretary of the CPC Committee, vice chairman of the board ofdirectors and general manager of China Everbright Group Ltd. He holds a doctoral degree in economics and is a senior economist. Announcement • Nov 15
China Everbright Bank Company Limited Announces Resignation of Lu Hong as Chairman of the Board of Supervisors China Everbright Bank Company Limited announced Mr. Lu Hong, the chairman of the board of supervisors of the company has tendered his resignation to the board of supervisors of the company on 13 November 2023 due to retirement, resigning from the positions as the chairman of the board of supervisors, a Shareholder Supervisor and a member of the nomination committee of the board of supervisors of the company. Since serving as the chairman of the board of supervisors of the company in March 2021, Mr. Lu Hong has performed his duties diligently and conscientiously, led the board of supervisors of the company to implement earnestly the economic and financial policies and regulatory requirements of the country, performed each of the supervisory duties objectively and impartially in accordance with laws and regulations, improved the supervision mechanism and innovated the supervision methods, performed supervisory duties firmly and effectively, and has made significant achievements in various aspects, such as promoting the improvement of corporate governance, driving strategic implementation, enhancing internal risk control management and promoting the sound operation of the company. Announcement • Nov 08
China Everbright Bank Company Limited Announces Resignation of Wang Liguo as Independent Non-Executive Director, Member of the Risk Management Committee, the Audit Committee, the Remuneration Committee and the Related Party Transactions Control Committee of the Board China Everbright Bank Company Limited announced that due to the expiry of term of office, Mr. Wang Liguo ceased to be the Independent Non-executive Director of the Company, and ceased to act as a member of the Risk Management Committee, the Audit Committee, the Remuneration Committee and the Related Party Transactions Control Committee of the Board at the same time. The resignation of Mr. Wang Liguo has become effective from 1 November 2023. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.21 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19. Revenue: CN¥26.8b (down 1.0% from 3Q 2022). Net income: CN¥13.6b (up 2.5% from 3Q 2022). Profit margin: 51% (up from 49% in 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in China. Announcement • Oct 31
China Everbright Bank Company Limited Announces Change of Members of the Board Committees The board of directors (the "Board") of China Everbright Bank Company Limited announced that at the tenth meeting of the ninth session of the Board convened on 30 October 2023, the Board has considered and approved unanimously the Resolution on Approval of Chairman and Members of Certain Special Committees of the Ninth Session of the Board of Directors of China Everbright Bank Company Limited. The Board approved that Mr. Huang Zhiling will serve as a member and the chairman of the Risk Management Committee, a member of the Audit Committee, a member of the Related Party Transactions Control Committee and a member of the Social Responsibility, Inclusive Finance Development and Consumer Rights and Interests Protection Committee of the ninth session of the Board; Mr. Wang Zhiheng will cease to serve as the chairman of the Risk Management Committee ofthe ninth session of the Board; Mr. Li Wei will serve as a member of the Remuneration Committee and will cease to serve as a member of the Related Party Transactions Control Committee of the ninth session of the Board. Announcement • Sep 30
China Everbright Bank Company Limited to Report Q3, 2023 Results on Oct 31, 2023 China Everbright Bank Company Limited announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Sep 24
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: CN¥0.19. Revenue: CN¥24.5b (flat on 2Q 2022). Net income: CN¥9.12b (up 1.6% from 2Q 2022). Profit margin: 37% (in line with 2Q 2022). Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Banks industry in China. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (in line with 2Q 2022). Revenue: CN¥24.6b (flat on 2Q 2022). Net income: CN¥11.7b (up 1.3% from 2Q 2022). Profit margin: 48% (in line with 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Aug 25
China Everbright Bank Company Limited Appoints Zhu Wenhui as Member of the Strategy Committee and the Audit Committee China Everbright Bank Company Limited approved that Mr. Zhu Wenhui will serve as a member of the Strategy Committee and the Audit Committee of the ninth session of the Board. The above appointment of Mr. Zhu Wenhui shall become effective from the date of approval of his qualification as a director by the National Administration of Financial Regulation. Announcement • Jun 28
China Everbright Bank Company Limited to Report First Half, 2023 Results on Aug 24, 2023 China Everbright Bank Company Limited announced that they will report first half, 2023 results on Aug 24, 2023 Announcement • Jun 02
China Everbright Bank Company Limited Announces Resignation of Yao Zhongyou as Non-Executive Director and Member of the Risk Management Committee of the Board China Everbright Bank Company Limited announced Mr. Yao Zhongyou, the non-executive director of the company has tendered his resignation to the board of directors (the board) of the company on 31 May 2023 due to retirement, resigning from the positions as the non-executive director of the company and member of the risk management committee of the board. Buying Opportunity • May 19
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be CN¥4.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 5.0%. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 9.0% in the next 2 years. Reported Earnings • Mar 26
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: CN¥101.0b (up 3.2% from FY 2021). Net income: CN¥44.8b (up 16% from FY 2021). Profit margin: 44% (up from 39% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 4.2%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in China. Announcement • Dec 30
China Everbright Bank Company Limited Election of Mr. Wang Zhiheng as Executive Director China Everbright Bank Company Limited announced that at its EGM held on December 29, 2022, shareholders approved the election of Mr. Wang Zhiheng as an executive director of the ninth session of the Board of Directors. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥27.1b (up 8.2% from 3Q 2021). Net income: CN¥13.3b (up 5.2% from 3Q 2021). Profit margin: 49% (down from 50% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Announcement • Oct 19
China Everbright Bank Company Limited to Report Nine Months, 2022 Results on Oct 28, 2022 China Everbright Bank Company Limited announced that they will report nine months, 2022 results on Oct 28, 2022 Announcement • Sep 30
China Everbright Bank Company Limited Announces Executive Changes The first meeting of the Ninth Session of the Board oif China Everbright Bank Company Limited was held by the Board on 29 September 2022 and the following resolutions were considered and approved unanimously at the meeting: Election of Mr. Wang Jiang as the Chairman of the Ninth Session of the Board, election of Mr. Wu Lijun as the Vice Chairman of the Ninth Session of the Board. Their appointment shall take effect from the date of the approval of the resolution of the Board. Strategy Committee: Chairman: Mr. Wang Jiang Members: Mr. Wu Lijun, Mr. Fu Wanjun, Mr. Hong Yongmiao and Mr. Liu ShipingRisk Management Committee: Chairman: Mr. Fu Wanjun Members: Mr. Yao Zhongyou, Mr. Liu Chong, Mr. Li Wei, Mr. Wang Liguo and Mr. Shao Ruiqing Audit Committee: Chairman: Mr. Shao Ruiqing Members: Mr. Yao Wei, Mr. Wang Liguo, Mr. Li Yinquan and Mr. Liu Shiping Nomination Committee: Chairman: Mr. Liu Shiping Members: Mr. Wang Jiang, Mr. Hong Yongmiao, Mr. Li Yinquan and Mr. Han Fuling Remuneration Committee: Chairman: Mr. Hong Yongmiao Members: Mr. Wang Liguo, Mr. Shao Ruiqing, Mr. Li Yinquan and Mr. Han Fuling Related Party Transactions Control Committee: Chairman: Mr. Li Yinquan Members: Mr. Li Wei, Mr. Wang Liguo, Mr. Shao Ruiqing, Mr. Hong Yongmiao, Mr. Han Fuling and Mr. Liu Shiping Inclusive Finance Development and Consumer Rights and Interests Protection Committee: Chairman: Mr. Fu Wanjun Members: Mr. Qu Liang, Mr. Yao Wei, Mr. Liu Chong and Mr. Han Fuling The appointment of the abovementioned members of the committees of the Board shall take effect from the date of the approval of the resolution of the Board. In addition, the first meeting of the Ninth Session of the Board of Supervisors was held by the Board of Supervisors on 29 September 2022 and the following resolutions were considered and approved unanimously at the meeting: The Chairman of the Board of Supervisors of the Ninth Session of the Board of Supervisors Election of Mr. Lu Hong as the Chairman of the Ninth Session of the Board of Supervisors. His appointment shall take effect from the date of the approval of the resolution of the Board of Supervisors. The composition of the committees of the Ninth Session of the Board of Supervisors is as follows: Nomination Committee: Chairman: Mr. Qiao Zhimin Members: Mr. Lu Hong, Mr. Li Yinzhong, Mr. Wang Zhe, Ms. Chen Qing and Mr. Lu Jian. Supervision Committee: Chairman: Ms. Chen Qing Members: Mr. Wu Junhao, Mr. Wang Zhe, Mr. Qiao Zhimin, Mr. Shang Wencheng and Mr. Yang Wenhua The appointment of the abovementioned members of the committees of the Board of Supervisors shall take effect from the date of the approval of the resolution of the Board of Supervisors. Announcement • Sep 21
China Everbright Bank Company Limited Announces Employee Supervisors Changes China Everbright Bank Company Limited announced on 19 September 2022, Mr. Shang Wencheng, Mr. Yang Wenhua and Mr. Lu Jian were elected as the Employee Supervisors of the ninth session of the board of supervisors of Company at the Company's employee representative meeting. Mr. Xu Keshun and Mr. Sun Jianwei resigned from their positions as Employee Supervisors of the Company from 19 September 2022 due to re-election. The biographical details of Mr. Shang Wencheng, Mr. Yang Wenhua and Mr. Lu Jian are as follow: Mr. Shang Wencheng, aged 47, served as an Employee Supervisor of the Company since July 2019. He is currently General manager of the Audit Department of the Company, and concurrently serving as a director of the China Institute of Internal Auditors. He joined the Company in 2000, and served successively as the deputy director of the Financial Management Division of the Planning and Finance Department, the accredited financial supervisor (senior manager level) of the Credit Card Centre of the Planning and Finance Department, the accredited financial supervisor (senior manager level) of the Information Technology Department, the senior manager of the Financial Management Division, senior manager of the Management Accounting Division, the deputy director of the Eastern Audit Center (Assistant General Manager and Deputy General Manager level of the Head Office) and deputy general manager of the Audit Department of the Company. He holds a doctor's degree in finance. He is a senior economist, a senior accountant and a certified public accountant. Mr. Yang Wenhua, aged 54, is currently the General Manager of the Legal Compliance Department of the Company and the Director of the Office of the Accountability Committee. He joined the Company in 2006 and served successively as Assistant General Manager and Deputy General Manager of the credit approval department of the Company, General Manager of the asset protection department, and General Manager of the special assets operation and management department of the Company. He used to serve as the vice president of Beijing Zhichun Road Sub-branch, the secretary to the executive vice president of the head office, the deputy general manager of the general management department of the corporate banking business headquarters, and the deputy general manager of the risk policy department of CITIC Industrial Bank. He holds a master's degree in economics. He is an economist. Mr. Lu Jian, aged 51, is currently the director of the office of the Board of Supervisors of the Company. He joined the Company in 2000 and served successively as the deputy director and senior manager of the Financial Management Division of the Planning and Finance Department of the Company, the vice president of Changzhou sub-branch of Nanjing branch (department general manager level of a tier-one branch), and the financial supervisor (senior manager level) of the e- banking department at the head office assigned by the planning and finance department, senior manager of the financial management department, assistant to the general manager, assistant to the general manager and deputy general manager of the financial accounting department. He holds a bachelor's degree in economics. He is a senior accountant and a certified public accountant. Major Estimate Revision • Aug 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.74 to CN¥0.83. Revenue forecast steady at CN¥161.6b. Net income forecast to grow 17% next year vs 16% growth forecast for Banks industry in China. Consensus price target down from CN¥3.56 to CN¥3.44. Share price was steady at CN¥2.85 over the past week. Announcement • Aug 27
China Everbright Bank Company Limited Announces Retirement of Wu Gaolian and Will Not Stand for Re-Election as Supervisor China Everbright Bank Company Limited was informed that, among the Supervisors of the Eighth Session of the Board of Supervisors, Mr. Wu Gaolian will retire and will not stand for re-election as Supervisor of the Ninth Session of the Board of Supervisors. To the best of the Directors' knowledge and belief having made all reasonable enquiries, there are no disagreements among Mr. Wu Gaolian, the Supervisor to be retired, and the Board of Directors and the Board of Supervisors, and there are no matters relating to his resignation that need to be brought to the attention of the Shareholders. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.19 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.19 in 2Q 2021). Revenue: CN¥24.7b (up 4.6% from 2Q 2021). Net income: CN¥11.5b (up 5.7% from 2Q 2021). Profit margin: 47% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 69%, compared to a 57% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Aug 17
China Everbright Bank Company Limited to Report First Half, 2022 Results on Aug 26, 2022 China Everbright Bank Company Limited announced that they will report first half, 2022 results on Aug 26, 2022 Announcement • May 28
China Everbright Bank Company Limited Announces Management Changes China Everbright Bank Company Limited announced that, Mr. Zhao Ling has resigned from the positions as the Executive Vice President and Joint Company Secretary of the Company on 27 May 2022 due to job adjustment, and has also resigned from the position as the Secretary to the board of directors of the Company. The resignation of Mr. Zhao Ling will take effect from the date of delivery of the resignation letter to the board of directors of the Company on 27 May 2022. Mr. Zhao Ling has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board has agreed to appoint Mr. Zhang Xuyang as the Joint Company Secretary of the Company. Mr. Zhang will officially perform his duties as the Joint Company Secretary of the Company since the date of passing the resolution by the Board. At the meantime, Ms. Lee Mei Yi will continue to be another Joint Company Secretary of the Company. Mr. Zhang, aged 50, is the chief business officer of the Company, and the secretary to the Party committee and chairman of Everbright Wealth Management Co. Ltd. Announcement • May 21
China Everbright Bank Company Limited Appoints Wang Jiang as Chairman of the Eighth Session of the Board and Chairman of the Strategy Committee and a Member of the Nomination Committee China Everbright Bank Company Limited announced that 39th meeting of the eighth session of the Board was convened on 20 May 2022 and the Resolution on the Election of Mr. Wang Jiang as the Chairman of the Eighth Session of the Board of China Everbright Bank Company Limited and the Resolution on the Approval of Chairman and Member of Certain Special Committees of the Eighth Session of the Board of China Everbright Bank Company Limited were considered and approved unanimously. The Board approved the election of Mr. Wang Jiang as the Chairman of the eighth session of the Board, and approved Mr. Wang Jiang to serve as the Chairman of the Strategy Committee and a member of the Nomination Committee of the eighth session of the Board. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: CN¥24.8b (flat on 1Q 2021). Net income: CN¥11.8b (up 2.0% from 1Q 2021). Profit margin: 47% (in line with 1Q 2021). Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 71%, compared to a 50% growth forecast for the industry in China. Announcement • Apr 14
China Everbright Bank Company Limited to Report Q1, 2022 Results on Apr 27, 2022 China Everbright Bank Company Limited announced that they will report Q1, 2022 results on Apr 27, 2022 Announcement • Apr 09
China Everbright Bank Company Limited Provides Update on Final Ordinary Dividend for the Year Ended 31 December 2021 China Everbright Bank Company Limited provided Update to previous announcement. The company proposed Final Ordinary Dividend of RMB 2.01 per 10 share for the Year Ended 31 December 2021. Reason for the update /change: Change of dividend payment date. Announcement • Mar 31
China Everbright Bank Company Limited, Annual General Meeting, May 19, 2022 China Everbright Bank Company Limited, Annual General Meeting, May 19, 2022. Reported Earnings • Mar 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.71 (up from CN¥0.68 in FY 2020). Revenue: CN¥97.9b (up 14% from FY 2020). Net income: CN¥38.6b (up 8.4% from FY 2020). Profit margin: 39% (down from 42% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 68%, compared to a 43% growth forecast for the banks industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jan 28
China Everbright Bank Company Limited Announces Executive Appointments The Board of Directors of China Everbright Bank Company Limited announced that the Board has agreed to appoint Mr. Zhao Ling and Ms. Lee Mei Yi as the Joint Company Secretaries of the Company. Mr. Zhao and Ms. Lee willofficially perform their duties as the Joint Company Secretaries of the Company since the date of passing the resolution by the Board. Mr. Zhao is currently a member of the CPC Committee and Vice President of the Company.He joined the Company in 2001 and served successively as a staff of the Treasury Department, deputy director of the Trading Room, director of the Investment and Transaction Office, general manager assistant, deputy general manager, deputy general manager (in charge), general manager, general manager of the Financial Market Department, and Chief Business Officer of the head office. He also served concurrently as a director of Sun Life Everbright Asset Management Co. Ltd., director of CEB International Investment Corporation Limited and director of China Everbright Bank (Europe) S.A. He holds a doctorate degree in management. Ms. Lee is an executive director of Corporate Services of Tricor Services Limited, a global professional services provider specializing in integrated business, corporate and investor services. Ms. Lee has been serving as the Assistant to Company Secretary of the Company since 2013, and has over 27 years of experience in the corporate secretarial field. Ms. Lee holds an Honours Bachelor's Degree in Accountancy. She is a fellow member of The Hong Kong Chartered Governance Instituteand The Chartered Governance Institute of the United Kingdom. Ms. Lee also holds a Practitioner's Endorsement from The Hong Kong Chartered Governance Institute and is currently the company secretary/joint company secretary of a number of companies listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"). Reported Earnings • Jan 23
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.71 (up from CN¥0.68 in FY 2020). Revenue: CN¥152.8b (up 79% from FY 2020). Net income: CN¥40.7b (up 14% from FY 2020). Profit margin: 27% (down from 42% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 8.0%, compared to a 60% growth forecast for the banks industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 29
Third quarter 2021 earnings released The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥25.2b (up 13% from 3Q 2020). Net income: CN¥12.6b (up 12% from 3Q 2020). Profit margin: 50% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Executive Departure • Jun 26
Executive VP & Executive Director Zhongyou Yao has left the company On the 18th of June, Zhongyou Yao's tenure as Executive VP & Executive Director ended. We don't have any record of a personal shareholding under Zhongyou's name. A total of 11 executives have left over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 05
Independent Non-Executive Director Lun Feng has left the company On the 25th of May, Lun Feng's tenure as Independent Non-Executive Director ended after 6.3 years in the role. We don't have any record of a personal shareholding under Lun's name. A total of 11 executives have left over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • May 19
Non-Executive Director has left the company On the 10th of May, Chunling Yu's tenure as Non-Executive Director ended after 1.5 years in the role. We don't have any record of a personal shareholding under Chunling's name. A total of 10 executives have left over the last 12 months. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.19 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥24.7b (up 8.4% from 1Q 2020). Net income: CN¥11.5b (up 6.3% from 1Q 2020). Profit margin: 47% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.68 (vs CN¥0.68 in FY 2019) The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: CN¥85.6b (up 2.2% from FY 2019). Net income: CN¥35.6b (flat on FY 2019). Profit margin: 42% (down from 43% in FY 2019). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.29% (down from 2.31% in FY 2019). Cost-to-income ratio: 26.4% (down from 27.3% in FY 2019). Non-performing loans: 1.35% (down from 1.51% in FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Executive Departure • Mar 17
President & Executive Director Jin Liu has left the company On the 16th of March, Jin Liu's tenure as President & Executive Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Jin's name. A total of 10 executives have left over the last 12 months. Announcement • Mar 05
China Everbright Bank Company Limited to Report Fiscal Year 2020 Results on Mar 27, 2021 China Everbright Bank Company Limited announced that they will report fiscal year 2020 results on Mar 27, 2021 Announcement • Mar 04
Lu Hong Resigns from the Positions as the Executive Director and Member of the Risk Management Committee of the Board of Directors of China Everbright Bank Company Limited Mr. Lu Hong, the Executive Director of China Everbright Bank Company Limited, has tendered his resignation to the board of directors of the Company on 2 March 2021 due to work adjustment, resigning from the positions as the Executive Director of the Company and member of the Risk Management Committee of the board of directors of the Company. Pursuant to the Company Law of the People's Republic of China and other relevant laws and regulations and the articles of association of the Company, resignation of Mr. Lu Hong became effective upon the submission of his resignation letter to the board of directors of the Company. Executive Departure • Mar 03
Executive VP & Executive Director has left the company On the 2nd of March, Hong Lu's tenure as Executive VP & Executive Director ended after 1.4 years in the role. We don't have any record of a personal shareholding under Hong's name. A total of 9 executives have left over the last 12 months. Announcement • Jan 31
China Everbright Bank Company Limited Executive Changes China Everbright Bank Company Limited approved the appointment of Mr. Fu Wanjun as a member of the Audit Committee and the Risk Management Committee of the eighth session of the Board; Mr. Yao Wei as a member of the Audit Committee and the Inclusive Finance Development and Consumer Rights and Interests Protection Committee of the eighth session of the Board; Mr. Yao Zhongyou as a member of the Risk Management Committee of the eighth session of the Board; Mr. Qu Liang as a member of the Inclusive Finance Development and Consumer Rights and Interests Protection Committee of the eighth session of the Board. Reported Earnings • Jan 22
Full year 2020 earnings released: EPS CN¥0.68 The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues were improved. Full year 2020 results: Revenue: CN¥142.5b (up 70% from FY 2019). Net income: CN¥35.6b (flat on FY 2019). Profit margin: 25% (down from 43% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jan 20
China Everbright Bank Company Limited Announces the Resignation of Li Xin as the Chairman of the Board of Supervisors, Shareholder Supervisor and Member of the Nomination Committee of the Board of Supervisors Mr. Li Xin, the Chairman of the Board of Supervisors of China Everbright Bank Company Limited has tendered his resignation to the Board of Supervisors of the Company on 19 January 2021 due to retirement, resigning from the positions as the Chairman of the Board of Supervisors, Shareholder Supervisor and member of the Nomination Committee of the Board of Supervisors of the Company.