Upcoming Dividend • 3h
Upcoming dividend of HK$0.14 per share Eligible shareholders must have bought the stock before 13 July 2026. Payment date: 28 August 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 35%. Within top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (5.6%). Announcement • Jun 10
Bank of Gansu Co., Ltd., Annual General Meeting, Jun 30, 2026 Bank of Gansu Co., Ltd., Annual General Meeting, Jun 30, 2026, at 09:00 China Standard Time. Location: conference room at 4/f of bank of gansu tower, no. 525-1 donggang west road, chengguan district, gansu province, lanzhou China New Risk • Mar 31
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 302% Current dividend yield: 41% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: CN¥0.039 (vs CN¥0.039 in FY 2024) Full year 2025 results: EPS: CN¥0.039 (in line with FY 2024). Revenue: CN¥2.79b (down 2.2% from FY 2024). Net income: CN¥588.1m (up 1.0% from FY 2024). Profit margin: 21% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Announcement • Mar 17
Bank of Gansu Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Bank of Gansu Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Mar 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Announcement • Jan 23
Bank of Gansu Co., Ltd. Announces Appointment of SHI Hailong as President Effective January 15, 2026 Bank of Gansu Co., Ltd. has announced that Mr. SHI Hailong has been appointed as the president of the Bank. The Bank has recently received the approval from the Gansu Office of the National Financial Regulatory Administration (the “NFRA Gansu Office”) confirming that the NFRA Gansu Office has approved the qualification of Mr. SHI Hailong as the president of the Bank. Mr. SHI Hailong has taken office as the president of the Bank for a term commencing from January 15, 2026 until the expiration of the term of office of the fourth session of the Board of the Bank. Please refer to the Announcement of Proposed Appointment for the biographical details of Mr. SHI Hailong and other information required to be disclosed under the relevant laws and regulations. As of the date of this announcement, there has been no change in such information. As at the date of this announcement, the Board comprises Mr. LIU Qing as executive director; Mr. ZHANG Bin, Mr. ZHANG Junping, Mr. LIU Jian, Mr. YE Rong, Mr. LI Chun and Ms. YANG Chunmei as non-executive directors; and Mr. LIU Guanghua, Mr. WANG Lei, Mr. HAU Pak Sun, Mr. LI Zongyi and Mr. QIU Yongpan as independent non-executive directors. Reported Earnings • Aug 27
First half 2025 earnings released: EPS: CN¥0.026 (vs CN¥0.026 in 1H 2024) First half 2025 results: EPS: CN¥0.026 (in line with 1H 2024). Revenue: CN¥1.40b (down 1.1% from 1H 2024). Net income: CN¥398.9m (up 1.1% from 1H 2024). Profit margin: 28% (in line with 1H 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Aug 06
Bank of Gansu Co., Ltd. to Report First Half, 2025 Results on Aug 25, 2025 Bank of Gansu Co., Ltd. announced that they will report first half, 2025 results on Aug 25, 2025 Announcement • Jul 02
Gansu Assets Management Co., Ltd. agreed to acquire Creditors Rights Assets of Bank of Gansu Co., Ltd. from Bank of Gansu Co., Ltd. (SEHK:2139) for CNY 36.7 million. Gansu Assets Management Co., Ltd. agreed to acquire Creditors Rights Assets of Bank of Gansu Co., Ltd. from Bank of Gansu Co., Ltd. (SEHK:2139) for CNY 36.7 million on June 30, 2025. Announcement • Jun 30
Bank of Gansu Co., Ltd. Announces Board and Committee Appointments Bank of Gansu Co., Ltd. announced that at the AGM held on June 27, 2025, approved the appointment of Mr. Liu Jian as a Non-executive Director, Mr. Li Chun as a Non-executive Director, Mr. Qiu Yongpan as an Independent Non-executive Director. Strategy and Development Committee: Chairman: Liu Qing, Members: Wang Xizhen, Ye Rong, Wang Lei, Qiu Yongpan. Related Party Transaction and Risk Management Committee: Chairman: Liu Guanghua, Members: Wang Xizhen, Hau Pak Sun, Li Zongyi, Qiu Yongpan. Nomination and Remuneration Committee: Chairman: Wang Lei, Members: Liu Qing, Yang Chunmei, Hau Pak Sun, Li Zongyi. Audit Committee: Chairman: Li Zongyi, Members: Zhang Bin, Liu Jian, Wang Lei, Qiu Yongpan. Consumer Rights Protection Committee: Chairman: Zhang Bin, Members: Wang Xizhen, Zhang Junping, Li Chun, Liu Guanghua. Announcement • Jun 06
Bank of Gansu Co., Ltd., Annual General Meeting, Jun 27, 2025 Bank of Gansu Co., Ltd., Annual General Meeting, Jun 27, 2025, at 09:00 China Standard Time. Location: conference room at 4/f, bank of gansu tower, no. 525-1 donggang west road, chengguan district, lanzhou, gansu province, prc., China Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.039 (vs CN¥0.043 in FY 2023) Full year 2024 results: EPS: CN¥0.039 (down from CN¥0.043 in FY 2023). Revenue: CN¥2.85b (down 3.5% from FY 2023). Net income: CN¥582.3m (down 9.7% from FY 2023). Profit margin: 20% (down from 22% in FY 2023). The decrease in margin was driven by lower revenue. 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 38% per year, which means it is significantly lagging earnings. Announcement • Mar 17
Bank of Gansu Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Bank of Gansu Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.4% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Announcement • Mar 07
Bank of Gansu Co., Ltd. Elects Zhang Bin as an Employee Representative Director (Non-Executive Director) An employee representatives' meeting of Bank of Gansu Co., Ltd. (the "Bank") was convened recently, at which Mr. ZHANG Bin ("Mr. ZHANG") was elected as an employee representative director (non-executive director) of the third session of the board of directors of the Bank. Mr. ZHANG Bin, aged 56, successively served as an assistant lecturer and a lecturer of Gansu Agricultural Radio and Television School from July 1992 to April 2000 (during which, he was seconded to work in the Science and Technology Department of the Department of Agriculture of Gansu Province from July 1997 to April 2000). He successively served as a deputy director of the Agricultural Information Center of Gansu Province, a deputy director of the Rural Energy Comprehensive Development Center of Gansu Province, a deputy division chief level officer, deputy director and researcher of the Office of the Department of Agriculture and Animal Husbandry of Gansu Province, a division chief level officer of the Office of the United Front Work Department and the director of the Discipline Inspection Office of Gansu Provincial Party Committee, a deputy director of the Office of the Discipline Inspection Commission and the Department of Supervision of Gansu Province, the director of the Case Supervision Management Office (during which, he held a concurrent position as a vice mayor of Jinchang City from March 2010 to March 2011), a member of the Standing Committee of the Discipline Inspection Commission of Gansu Province, the director of the Case Supervision Management Office of the Discipline Inspection Commission and the Department of Supervision of Gansu Province, and a deputy department level officer of the Discipline Inspection Commission of Gansu Province from April 2000 to July 2017. He successively served as a deputy secretary of the Party Committee, the chairman of the Labor Union and an employee director of Gansu Financial Holding Group Co., Ltd. from July 2017 to December 2024. He successively served as a deputy secretary of the Party Committee, the director of the Inspection Office of the Party Committee and the secretary of the Party Committee of the Intra-organizational Department of the Bank from December 2024 to February 2025. He has been a deputy secretary of the Party Committee, the chairman of the Labor Union, the director of the Inspection Office of the Party Committee and the secretary of the Party Committee of the Intra-organizational Department of the Bank since February 2025. Mr. ZHANG graduated from the Department of Education at Northwest Normal University in July 1992, majoring in psychology, and obtained a bachelor's degree in education. The qualification of Mr. ZHANG shall be reported to the Gansu Office of the National Financial Regulatory Administration for examination and approval. If appointed, Mr. ZHANG will enter into a director's service contract with the Bank. Unless adjustment is required by applicable laws and regulations, his term of office will commence on the date of approval of his qualification and end on the expiry of the term of the third session of the board of directors, and he will be eligible for re-election and re-appointment upon the expiry of the term. The remuneration of Mr. ZHANG shall be determined based on the relevant policies of the Bank, and is mainly comprised of salary, discretionary bonus, social security program, housing provident fund and other benefits. Announcement • Aug 16
Bank of Gansu Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Bank of Gansu Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jun 08
Bank of Gansu Co., Ltd., Annual General Meeting, Jun 27, 2024 Bank of Gansu Co., Ltd., Annual General Meeting, Jun 27, 2024, at 09:00 China Standard Time. Location: conference room at 4/f, of bank of gansu tower, no. 525-1 donggang west, road, chengguan district, lanzhou, gansu province, China Announcement • Jun 01
Bank of Gansu Co., Ltd. Announces Board and Committee Changes The board of directors of Bank of Gansu Co., Ltd. announced that the Board has recently received the letter of resignation from Mr. ZHAO Xingjun (Mr. ZHAO), a non-executive director. Mr. ZHAO has tendered his resignation as a non-executive director of the Bank and a member of the strategy and development committee under the Board due to change in work arrangement, and Mr. ZHAO will cease to perform his duties in the Bank with effect from May 31, 2024. The Board announced that a resolution was approved at the Board meeting convened on May 31, 2024 for appointing Mr. WANG Xizhen, an executive director of the Bank, as a member and the chairman of the third session of the consumer rights protection committee under the Board for a term commencing from the date of consideration and approval by the Board, which is in line with the term of the third session of the Board. New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 36% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Apr 19
Bank of Gansu Co., Ltd. Announces Resignation of Dong Ximiao as Independent Non-Executive Director The board of directors of Bank of Gansu Co., Ltd. announced that the Board recently received the letter of resignation from Mr. Dong Ximiao ("Mr. Dong"), an independent non-executive director. Due to having served as an independent non-executive director of the Bank for six consecutive years, pursuant to the relevant regulatory requirements of the PRC, Mr. Dong resigns as an independent non-executive director of the Bank, a member of the audit committee, a member of the related party transaction and risk management committee and the chairman of the nomination and remuneration committee under the Board. The Bank will identify a suitable candidate and hold a by-election for the replacement of Mr. Dong as a director as soon as possible according to the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Mr. Dong will continue to perform the relevant duties of the independent non-executive director and the committees under the Board until the appointment of the new independent non-executive director takes effect. Mr. Dong has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders and creditors of the Bank, or The Stock Exchange of Hong Kong Limited. During his tenure at the Bank, Mr. Dong Ximiao has performed his duties diligently and conscientiously, giving full play to his professional strengths and providing valuable advice and suggestions for the Bank's standardized operation and high-quality development. The Board would like to take this opportunity to give a high appraisal and express its sincere gratitude to Mr. Dong for his contribution to the Bank during his term of office. In accordance with the Articles of Association of the Bank, the Board shall consist of 14 directors. As at the date of this announcement, the Board of the Bank has 13 directors. According to the Articles of Association of the Bank, the Company Law of the People's Republic of China and other related regulations, the number of members of the Board will not fall short of the statutory minimum requirement due to the resignation of Mr. Dong, and will not impair the normal operation of the Board. Reported Earnings • Mar 28
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: CN¥2.96m (down 100% from FY 2022). Net income: CN¥644.5k (down 100% from FY 2022). Profit margin: 22% (in line with FY 2022). Revenue is forecast to grow 78% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Banks industry in Hong Kong. Announcement • Mar 14
Bank of Gansu Co., Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024 Bank of Gansu Co., Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Oct 19
Bank of Gansu Co., Ltd. Announces Management Changes Bank of Gansu Co., Ltd. announced that Mr. HAU Pak Sun has been appointed as independent non- executive director of the Bank for a term commencing from October 16, 2023 (i.e. the date on which such qualification is approved by the NAFR Gansu Office) until the expiration of the term of office of the third session of the Board of the Bank, and is eligible for re-election upon the expiration of his term of office. As Mr. WONG Sincere has served as an independent non-executive director of the Bank for six consecutive years, pursuant to the relevant regulations of the PRC, Mr. WONG Sincere has tendered his resignation from the positions of an independent non-executive director of the Bank, the chairman of the related party transaction and risk management committee and a member of the audit committee. The resignation of Mr. WONG Sincere has taken effect from October 16, 2023. The Board has convened a meeting to consider and approve (i) the appointment of Mr. HAU Pak Sun as a member of the Audit Committee of the third session of the Board and a member of the related party transaction and risk management committee; and (ii) the appointment of Mr. LIU Guanghua as the chairman of the related party transaction and risk management committee of the third session of the Board, with effect from October 16, 2023. The composition of the special committees under the Board of the Bank after the appointments is as follows: Strategy and Development Committee: Mr. LIU Qing (chairman), Mr. WANG Xizhen, Mr. ZHAO Xingjun, Mr. ZHANG Youda. Audit Committee: Mr. WANG Lei (chairman), Mr. ZHANG Junping, Mr. GUO Jirong, Mr. DONG Ximiao, Mr. HAU Pak Sun. Nomination and Remuneration Committee: Mr. DONG Ximiao (chairman), Mr. LIU Qing, Mr. WANG Xizhen, Mr. WANG Tingting, Mr. WANG Lei. Related Party Transaction and Risk Management Committee: Mr. LIU Guanghua (chairman), Mr. WANG Xizhen, Mr. Dong Ximiao, Mr. WANG Tingting, Mr. HAU Pak Sun. Consumer Rights Protection Committee: Mr. LIU Qing, Ms. ZHANG Tingting, Ms. YANG Chunmei, Mr. LIU Guanghua. Announcement • Oct 11
Bank of Gansu Co., Ltd. Announces Resignation of Chen Jinhui as Non-Executive Director (Employee Representative Director), Member of Strategy and Development Committee and Chairman of cConsumer Rights Protection Committee The board of directors of Bank of Gansu Co., Ltd. announced that the Board received the letter of resignation from Mr. Chen Jinhui, a non-executive director (employee representative director), on October 10, 2023. Due to work re-allocation, Mr. Chen resigns as a non-executive director of the Bank (employee representative director), a member of the strategy and development committee and the chairman of the consumer rights protection committee under the Board, with effect from the date on which the Board received his letter of resignation. Announcement • Sep 23
Bank of Gansu Co., Ltd. Announces Directorate and Committee Changes Bank of Gansu Co., Ltd. announced that as Ms. LUO Mei has served as independent non-executive director of the Bank for six consecutive years, pursuant to the relevant regulations of the PRC, Ms. LUO Mei has tendered her resignation from the positions of an independent non-executive director of the Bank, the chairlady of the Audit Committee and a member of the Nomination and Remuneration Committee. The resignation of Ms. LUO Mei has taken effect from September 15, 2023. The Board has convened a meeting to consider (i) the appointment of Mr. ZHANG Junping as a member of the Audit Committee of the third session of the Board; (ii) the appointment of Ms. ZHANG Tingting as a member of the Consumer Rights Protection Committee of the third session of the Board; and (iii) the appointment of Mr. WANG Lei as the chairman of the Audit Committee and a member of the Nomination and Remuneration Committee of the third session of the Board. The above newly appointed members/chairman has began to assume their roles from September 15, 2023 (i.e. the date on which such qualifications are approved by the NAFR Gansu Office). The composition of the special committees under the Board of the Bank after the appointments is as follows: Strategy and Development Committee: Mr. LIU Qing (chairman), Mr. WANG Xizhen, Mr. ZHAO Xingjun, Mr. ZHANG Youda, Mr. CHEN Jinhui. Audit Committee: Mr. WANG Lei (chairman), Mr. ZHANG Junping, Mr. GUO Jirong, Mr. WONG Sincere, Mr. DONG Ximiao. Nomination and Remuneration Committee: Mr. DONG Ximiao (chairman), Mr. LIU Qing, Mr. WANG Xizhen, Mr. WANG Tingting, Mr. WANG Lei. Related Party Transaction and Risk Management Committee: Mr. WONG Sincere (chairman), Mr. WANG Xizhen, Mr. Dong Ximiao, Mr. WANG Tingting, Mr. LIU Guanghua. Consumer Rights Protection Committee: Mr. CHEN Jinhui (chairman), Mr. LIU Qing, Ms. ZHANG Tingting, Ms. YANG Chunmei, Mr. LIU Guanghua. Reported Earnings • Sep 15
First half 2023 earnings released: EPS: CN¥0.027 (vs CN¥0.026 in 1H 2022) First half 2023 results: EPS: CN¥0.027 (up from CN¥0.026 in 1H 2022). Revenue: CN¥1.42b (up 13% from 1H 2022). Net income: CN¥407.2m (up 3.4% from 1H 2022). Profit margin: 29% (down from 31% in 1H 2022). The decrease in margin was driven by higher expenses. 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 15% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Bank of Gansu Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Bank of Gansu Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • Jun 09
Bank of Gansu Co., Ltd. Announces Resignation of the Tang Lan from the Board The Board of Directors of Bank of Gansu Co., Ltd. announced that Ms. TANG Lan tendered her resignation to the board of supervisors of the Bank as the chairman of the Board of Supervisors, and a member of the nomination committee under the Board of Supervisors, a member of the supervision committee under the Board of Supervisor and an employee representative supervisor on June 8, 2023 because she has reached her retirement age. The resignation of Ms. TANG will take effect from June 8, 2023, the date on which the resignation was delivered to the Board of Supervisors. The supervisors of the Bank has elected Mr. LIU Peixun, a supervisor of the Bank, to convene and preside over meetings of the Board of Supervisors before the newly appointed chairman of the Board of Supervisors formally assumes his/her role. The Bank will complete the appointment of the employee representative supervisor and the chairman of the Board of Supervisors as soon as possible according to the relevant laws and the Articles of Association. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.038 in FY 2021) Full year 2022 results: EPS: CN¥0.04 (up from CN¥0.038 in FY 2021). Revenue: CN¥2.91b (up 3.1% from FY 2021). Net income: CN¥600.7m (up 5.3% from FY 2021). Profit margin: 21% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Oct 20
Bank of Gansu Co., Ltd. Appoints Wang Xizhen as President of the Bank Bank of Gansu Co., Ltd. (the Bank) announced the appointment of Mr. WANG Xizhen (Mr. WANG) as the president of the Bank. Mr. WANG has been appointed as the president of the Bank for a term commencing from October 17, 2022. Mr. WANG's appointment as an executive director of the Bank since September 16, 2022, there are no changes in other information. Announcement • Sep 10
Bank of Gansu Co., Ltd. Appoints Mr. Chen Jinhui as Employee Representative Director (Non-Executive Director) of the Third Session of the Board of Directors of the Bank An employee representatives' meeting of Bank of Gansu Co., Ltd. (the "Bank") was convened on September 9, 2022, at which Mr. CHEN Jinhui ("Mr. CHEN") was elected as an employee representative director (non-executive director) of the third session of the board of directors of the Bank. Mr. CHEN Jinhui, aged 53, successively served as the deputy director of the business department of Tianshui Branch, the head of the second audit division of Tianshui Audit Office, the head of the planning and finance department of Tianshui Branch, and the manager of the planning and finance department of Tianshui Branch, the president of Tianshui Branch Maiji Sub-branch, an assistant to the president of Tianshui Branch, and a member of the Party committee, the secretary of the discipline inspection committee and a vice president of Tianshui Branch of China ConstructionBank from July 1990 to July 2008. He served as the head and general manager of the business department of Lanzhou Branch of Shanghai Pudong Development Bank from July 2008 to April 2010, and worked in the market development department of Gansu Province Rural Credit Cooperatives from April 2010 to June 2010. He served as the president of Tianshui Maiji Rural Cooperative Bank and the director-general of Wushan County Rural Credit Cooperatives from June 2010 to July 2012. He served as the director of Tianshui Office, the president of Qinzhou Sub-branch, and the secretaryto the Party committee and the president of Tianshui Branch of the Bank from July 2012 to December 2019. He served as a vice president of the Bank from May 2020 to December 2021, and a member of the Party Committee and a vice president of the Bank from December 2021 to July 2022. Mr. CHEN has been the deputy secretary of the Party Committee of the Bank since July 2022 and an external director of Gansu Construction Investment (Holdings) Group Co., Ltd. since September 5, 2022. Mr. CHEN obtained a bachelor's degree from Lanzhou University in July 2001,majoring in law. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0 (vs CN¥0.025 in 1H 2021) First half 2022 results: EPS: CN¥0. Revenue: CN¥1.27b (down 1.6% from 1H 2021). Net income: CN¥393.9m (up 3.3% from 1H 2021). Profit margin: 31% (up from 30% in 1H 2021). The increase in margin was driven by lower expenses. Announcement • Aug 16
Bank of Gansu Co., Ltd. to Report First Half, 2022 Results on Aug 30, 2022 Bank of Gansu Co., Ltd. announced that they will report first half, 2022 results on Aug 30, 2022 Announcement • Aug 13
Bank of Gansu Co., Ltd. Announces Resignation of Mr. Ma Zhiqiang, Non-Executive Director (Employee Representative Director), on August 12, 2022 Bank of Gansu Co., Ltd. announced that the Board received the letter of resignation from Mr. Ma Zhiqiang, a non-executive director (employee representative director), on August 12, 2022. Due to work re-allocation, Mr. Ma resigns as a non-executive director of the Bank (employee representative director), a member of the strategy and development committee and the chairman of the consumer rights protection committee under the Board, with effect from the date on which the Board received his letter of resignation. Mr. Ma has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders and creditors of the Bank, or The Stock Exchange of Hong Kong Limited. The Board would like to take this opportunity to express its sincere gratitude to Mr. Ma for his contribution to the Bank during his term of office. In accordance with the Articles of Association of the Bank, the Board shall consist of 14 directors. As at the date of this announcement, the Board of the Bank has 12 directors. The Bank passed a resolution at the 2022 first extraordinary general meeting held on June 24, 2022 to appoint Mr. Wang Xizhen as an executive director of the Bank, the qualification of Mr. Wang Xizhen as an executive director shall be reported to the China Banking and Insurance Regulatory Commission Gansu Office for examination and approval, and the appointment shall be effective from the date of approval of his qualification. As advised by Grandall Law Firm (Shanghai), the PRC legal adviser of the Bank, although the actual number of the directors of the Bank falls below that set forth in the Articles of Association, the Board is still able to function properly. Grandall Law Firm (Shanghai) is of the view that the composition of such Board will not result in any violation of applicable PRC laws and regulations. The Bank will identify a suitable candidate and hold a by-election for the replacement of Mr. Ma as a director as soon as possible according to the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Bank will make further announcement(s) in due course. Announcement • Apr 20
Bank of Gansu Co., Ltd., Annual General Meeting, May 27, 2022 Bank of Gansu Co., Ltd., Annual General Meeting, May 27, 2022, at 09:00 China Standard Time. Location: Conference room at 4/F of Bank of Gansu Tower, No. 5251 Donggang West Road, Chengguan District Lanzhou Gansu Province China Agenda: To consider and approve the resolution on the work report of the board of directors for 2021; to consider and approve the resolution on the work report of the board of supervisors for 2021; to consider and approve the resolution on the financial accounts and financial audit report for 2021; to consider and approve the resolution on the profit distribution plan for 2021; to consider and approve the resolution on the financial budget plan for 2022; to consider and approve the resolution on the annual report for 2021; to consider and approve the resolution on the engagement of external auditing firms for 2022; to consider and approve the resolution on the work report of independent non-executive directors for 2021; to consider and approve the resolution on the evaluation results of the directors, supervisors and senior management by the board of supervisors for 2021; and to consider other matters. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥3.79 (up from CN¥0.055 in FY 2020). Revenue: CN¥2.84b (up 3.9% from FY 2020). Net income: CN¥570.7m (up 2.2% from FY 2020). Profit margin: 20% (in line with FY 2020). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 155%, compared to a 34% growth forecast for the banks industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 16% share price gain to HK$1.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 4x in the Banks industry in Hong Kong. Total loss to shareholders of 43% over the past three years. Executive Departure • Jul 01
Non-Executive Director HongXia Zhang has left the company On the 23rd of June, HongXia Zhang's tenure as Non-Executive Director ended after 9.7 years in the role. We don't have any record of a personal shareholding under HongXia's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 1.71 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 02
Shareholder Supervisor has left the company On the 24th of May, Yongchong Liu's tenure as Shareholder Supervisor ended after 4.5 years in the role. We don't have any record of a personal shareholding under Yongchong's name. A total of 4 executives have left over the last 12 months. Executive Departure • Jun 02
External Supervisor has left the company On the 24th of May, Zhenjun Yang's tenure as External Supervisor ended after 3.8 years in the role. We don't have any record of a personal shareholding under Zhenjun's name. A total of 4 executives have left over the last 12 months. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥0.055 (vs CN¥0.051 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥2.73b (down 6.3% from FY 2019). Net income: CN¥558.2m (up 9.6% from FY 2019). Profit margin: 20% (up from 18% in FY 2019). The increase in margin was driven by lower expenses. Net interest margin (NIM): 1.97% (up from 1.96% in FY 2019). Cost-to-income ratio: 34.3% (up from 31.5% in FY 2019). Non-performing loans: 2.28% (down from 2.45% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 06
Shareholder Supervisor has left the company On the 29th of March, Yong Jun Li's tenure as Shareholder Supervisor ended after 9.5 years in the role. We don't have any record of a personal shareholding under Yong Jun's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.055 (vs CN¥0.051 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥2.74b (down 6.1% from FY 2019). Net income: CN¥558.2m (up 9.6% from FY 2019). Profit margin: 20% (up from 18% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Mar 18
Bank of Gansu Co., Ltd. to Report Fiscal Year 2020 Results on Mar 29, 2021 Bank of Gansu Co., Ltd. announced that they will report fiscal year 2020 results on Mar 29, 2021 Is New 90 Day High Low • Mar 15
New 90-day low: HK$1.25 The company is down 4.0% from a price of HK$1.30 on 15 December 2020. Underperformed the Hong Kong market, which is up 12% over the last 90 days. Lagged the Banks industry, which is up 12% over the same period. Executive Departure • Jan 28
Company Secretary has left the company On the 26th of January, Po Yi Fok's tenure as Company Secretary ended after 1.6 years in the role. We don't have any record of a personal shareholding under Po Yi's name. A total of 2 executives have left over the last 12 months. Announcement • Jan 28
Bank of Gansu Co., Ltd. Announces Change of Company Secretary, Authorised Representative and Process Agent The board of directors of Bank of Gansu Co., Ltd. announced that Ms. Fok Po Yi (Ms. Fok) has tendered her resignation as the company secretary of the Bank (the "Company Secretary"), an authorized representative of the Bank with effect from January 26, 2021. Ms. Fok confirmed that she has no disagreement with the Board and there are no circumstances related to her resignation which need to be brought to the attention of the Stock Exchange and the shareholders of the Bank. The Board further announces that Mr. Wong Wai Chiu ("Mr. Wong") has been appointed as the Company Secretary, Authorised Representative and Process Agent with effect from January 26, 2021. Mr. Wong is the associate director of SWCS Corporate Services Group (Hong Kong) Limited. Mr. Wong has over 30 years of professional services and senior management experience including acting as the chief financial officer, company secretary, information technology director and law enforcement officer in the areas of finance, accounting, regulatory compliance and enforcement, internal control, corporate governance, company secretarial work, trust and forensics accounting in multi-national banking, insurance, securities and information technology corporations and listed companies in Hong Kong as well as government departments and the Stock Exchange. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥1.52, the stock is trading at a trailing P/E ratio of 35.3x, up from the previous P/E ratio of 30.6x. This compares to an average P/E of 6x in the Banks industry in Hong Kong. Total returns to shareholders over the past year are 3.4%. Announcement • Dec 30
Bank of Gansu Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.8625 billion. Bank of Gansu Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.8625 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 1,250,000,000
Price\Range: HKD 1.49
Transaction Features: Subsequent Direct Listing Is New 90 Day High Low • Dec 18
New 90-day high: HK$1.33 The company is up 27% from its price of HK$1.05 on 18 September 2020. The Hong Kong market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 19% share price gain to CN¥1.23, the stock is trading at a trailing P/E ratio of 28.7x, up from the previous P/E ratio of 24.1x. This compares to an average P/E of 6x in the Banks industry in Hong Kong. Total return to shareholders over the past year is a loss of 9.6%. Is New 90 Day High Low • Nov 30
New 90-day high: HK$1.07 The company is up 1.0% from its price of HK$1.06 on 01 September 2020. The Hong Kong market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 11% over the same period. Announcement • Aug 12
Bank of Gansu Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Bank of Gansu Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020 
