Announcement • Jun 06
Zhongyuan Bank Co., Ltd., Annual General Meeting, Jun 29, 2026 Zhongyuan Bank Co., Ltd., Annual General Meeting, Jun 29, 2026, at 15:00 China Standard Time. Location: zhongyuan bank building, no. 9 waihuan road, financial island, zhengdong new district, henan province, zhengzhou China New Risk • Apr 07
New major risk - Revenue and earnings growth Earnings have declined by 1.3% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.076 in FY 2024) Full year 2025 results: EPS: CN¥0.08 (up from CN¥0.076 in FY 2024). Revenue: CN¥12.8b (down 2.1% from FY 2024). Net income: CN¥3.59b (up 28% from FY 2024). Profit margin: 28% (up from 21% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Apr 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to HK$0.33. The fair value is estimated to be HK$0.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years, while earnings per share has been flat. Announcement • Mar 17
Zhongyuan Bank Co., Ltd. to Report Fiscal Year 2025 Results on Mar 30, 2026 Zhongyuan Bank Co., Ltd. announced that they will report fiscal year 2025 results on Mar 30, 2026 New Risk • Mar 16
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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (158% payout ratio). Announcement • Feb 17
Zhongyuan Bank Co., Ltd. Announces Changes Members of the Strategy and Development Committee of the Board, Effective February 16, 2026 Zhongyuan Bank Co., Ltd. announced that, to further enhance the corporate governance structure and ensure the effectiveness of the performance of duties by the special committees of the Board, in accordance with the Company Law of the People's Republic of China, the Corporate Governance Guidelines for Banking and Insurance Institutions and other laws and regulations, as well as other relevant provisions of the Articles of Association of Zhongyuan Bank Co., Ltd., and taking into account the actual needs of the operation and management of the Bank, the Board resolved to approve the adjustment to the composition of the strategy and development committee of the Board. Mr. Zhou Feng was elected as a member of the strategy and development committee of the Board, with effect from February 16, 2026 until the re-election of the third session of the Board. Mr. Feng Ruofan has tendered his resignation from his position as a member of the strategy and development committee of the Board, with effect from February 16, 2026 due to work arrangement reasons. Mr. Li Wenqiang was elected as a member of the strategy and development committee of the Board, with effect from February 16, 2026 until the re-election of the third session of the Board. The adjusted composition of the strategy and development committee of the Board is as follows: Mr. Guo Hao (Chairman), Mr. Zhou Feng, Mr. Li Wenqiang, and Mr. Xu Yiguo. As at February 16, 2026, the Board of the Bank comprises Mr. Guo Hao and Mr. Zhou Feng as executive Directors; Mr. Feng Ruofan, Mr. Li Wenqiang and Ms. Zhang Shu as non-executive Directors; and Mr. Xu Yiguo, Ms. Zhao Zijian, Mr. Wang Maobin, Mr. Pan Xinmin and Mr. Gao Pingyang as independent non-executive Directors. Announcement • Oct 20
Zhongyuan Bank Co., Ltd. Announces Change of President, Effective October 17, 2025 Zhongyuan Bank Co., Ltd. announced that Mr. LIU Kai, the President of the Bank, ceased to be the President of the Bank due to change of job assignment, which will take effect from October 17, 2025. Following his resignation, Mr. LIU no longer holds any position with the Bank. On October 17, 2025, the Board has considered and approved to appoint Mr. ZHOU Feng as the President of the Bank. Mr. ZHOU, born in January 1977, is of Chinese nationality with a doctoral degree. From May 2024 to September 2025, Mr. ZHOU served as deputy secretary-general of the People's Government of Henan Province; from April 2022 to May 2024, he held the position of vice mayor of Puyang City, Henan Province; from August 2005 to April 2022, he worked at the Henan Office of the former China Banking and Insurance Regulatory Commission (during which: from November 2017 to January 2022, he was seconded to the Department of Finance of the Tibet Autonomous Region as assistant to the director); from August 2003 to August 2005, he worked at the postdoctoral workstation of Shenzhen Stock Exchange (Fudan University). Mr. ZHOU obtained a bachelor's degree in Computer and Applications from Hunan University of Finance and Economics in July 1998, a master's degree in Statistics from Hunan University in June 2000 and a doctoral degree in Management Science and Engineering from Huazhong University of Science and Technology in June 2003. Reported Earnings • Sep 02
First half 2025 earnings released: EPS: CN¥0.052 (vs CN¥0.052 in 1H 2024) First half 2025 results: EPS: CN¥0.052 (in line with 1H 2024). Revenue: CN¥5.49b (down 6.9% from 1H 2024). Net income: CN¥1.89b (flat on 1H 2024). Profit margin: 34% (up from 32% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Aug 19
Now 22% undervalued Over the last 90 days, the stock has risen 2.9% to HK$0.35. The fair value is estimated to be HK$0.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%. Announcement • Aug 15
Zhongyuan Bank Co., Ltd. to Report First Half, 2025 Results on Aug 25, 2025 Zhongyuan Bank Co., Ltd. announced that they will report first half, 2025 results on Aug 25, 2025 Buy Or Sell Opportunity • Jul 28
Now 21% undervalued Over the last 90 days, the stock has risen 20% to HK$0.39. The fair value is estimated to be HK$0.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%. Upcoming Dividend • Jun 26
Upcoming dividend of CN¥0.012 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 05 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 34%. Within top quartile of Hong Kong dividend payers (7.4%). Higher than average of industry peers (5.3%). Buy Or Sell Opportunity • Jun 12
Now 22% undervalued Over the last 90 days, the stock has risen 24% to HK$0.39. The fair value is estimated to be HK$0.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%. Announcement • Jun 09
Zhongyuan Bank Co., Ltd., Annual General Meeting, Jun 30, 2025 Zhongyuan Bank Co., Ltd., Annual General Meeting, Jun 30, 2025, at 15:00 China Standard Time. Location: zhongke golden tower, no. 23 shangwu waihuan road, zhengdong new district cbd, zhengzhou, henan province, prc., China Announcement • Apr 11
Zhongyuan Bank Co., Ltd. Announces Final Ordinary Dividend for the Year Ended 31 December 2024. Payable on August 5, 2025 Zhongyuan Bank Co., Ltd. announced final Ordinary dividend of RMB 0.12 per 10 share for the year ended 31 December 2024. Payment date is August 5, 2025. New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings have declined by 0.7% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (157% payout ratio). Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.066 in FY 2023) Full year 2024 results: EPS: CN¥0.08 (up from CN¥0.066 in FY 2023). Revenue: CN¥13.1b (down 4.1% from FY 2023). Net income: CN¥3.45b (up 43% from FY 2023). Profit margin: 26% (up from 18% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 27% per year. 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 1.0% 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 13
Zhongyuan Bank Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Zhongyuan Bank Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Buy Or Sell Opportunity • Oct 04
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 59% to HK$0.50. The fair value is estimated to be HK$0.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 31%. Buy Or Sell Opportunity • Sep 19
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to HK$0.29. The fair value is estimated to be HK$0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 31%. Reported Earnings • Sep 01
First half 2024 earnings released: EPS: CN¥0.052 (vs CN¥0.051 in 1H 2023) First half 2024 results: EPS: CN¥0.052 (up from CN¥0.051 in 1H 2023). Revenue: CN¥5.90b (down 9.8% from 1H 2023). Net income: CN¥1.91b (up 2.6% from 1H 2023). Profit margin: 32% (up from 28% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 34% per year. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 0.9% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Aug 16
Zhongyuan Bank Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Zhongyuan Bank Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.7% to HK$0.30. The fair value is estimated to be HK$0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has declined by 28%. Buy Or Sell Opportunity • Apr 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to HK$0.30. The fair value is estimated to be HK$0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has declined by 28%. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.096 in FY 2022) Full year 2023 results: EPS: CN¥0.07. Revenue: CN¥13.6b (down 5.5% from FY 2022). Net income: CN¥3.22b (up 13% from FY 2022). Profit margin: 24% (up from 20% in FY 2022). The increase in margin was driven by lower expenses. 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 2023. 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 0.6% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Mar 16
Zhongyuan Bank Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Zhongyuan Bank Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Aug 31
First half 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.092 in 1H 2022) First half 2023 results: EPS: CN¥0.05 (down from CN¥0.092 in 1H 2022). Revenue: CN¥6.54b (up 23% from 1H 2022). Net income: CN¥2.00b (down 4.4% from 1H 2022). Profit margin: 31% (down from 39% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Aug 19
Zhongyuan Bank Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Zhongyuan Bank Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • Jul 23
Zhongyuan Bank Co., Ltd. Elects Dan Limin as an Employee Supervisor of the Second Session of the Board of Supervisors The board of directors of Zhongyuan Bank Co., Ltd. announced that on July 21, 2023, the meeting of employee representatives of the Bank democratically elected Ms. Dan Limin as an employee supervisor of the second session of the board of supervisors (the board of supervisors) of the Bank. The biographic details of Ms. Dan Limin are as follows: Ms. Dan Limin, aged 44, Chinese, is a senior accountant. She is currently the general manager of the office of the Board of Supervisors and the vice chairwoman of labor union committee of the head office of the Bank. From August 2019 to July 2022, Ms. Dan Limin served as the general manager (business director level) of the office of the board of directors and supervisors of the former Jiaozuo Bank of China Travel Service. From March 2011 to August 2019, she served as the deputy director (in charge) of the financing division of Henan State-Owned Land Resources Development and Investment Management Centre, and the general manager and legal representative of Henan Land Assets Management Co., Ltd. From May 2008 to March 2011, she served as the general manager of the finance department of Henan Hexie Industrial Group Co., Ltd. From January 2007 to May 2008, she served as the chief financial officer of Zhengzhou Property Changcheng Real Estate Development Operation Co., Ltd. From March 2005 to January 2007, she served as the director of the capital department of Henan Sunco Property Co., Ltd. From July 2000 to December 2004, she worked in the finance department of Xi'an Tongshi Group Co., Ltd. Ms. Dan Limin obtained a bachelor's degree in economics from Xi'an Jiaotong University in July 2000 and a master's degree in business administration from Xi'an Jiaotong University in December 2010. Announcement • Jun 21
Zhongyuan Bank Co., Ltd. Announces Resignation of Li Wanbin as Board of Supervisors The board of directors of Zhongyuan Bank Co., Ltd. announced that on June 20, 2023, Mr. Li Wanbin (Mr. Li), a supervisor of the bank, tendered his resignation to the board of supervisors (the Board of Supervisors) of the bank and resigned as a supervisor of the Bank and a member of the supervisory committee of the Board of Supervisors due to his intention to focus on other personal work commitments. Buying Opportunity • Jun 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.8%. The fair value is estimated to be HK$0.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 7.1%. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Tingyu Jia was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 13
Zhongyuan Bank Co., Ltd. Announces Appointment of Mr. Guo Hao as an Executive Director Zhongyuan Bank Co., Ltd. Announced appointment of Mr. Guo Hao as an executive Director of the second session of the Board of the Bank, which was approved by the Shareholders of the Bank at the EGM. The above appointment is subject to the approval of his qualification by the China Banking and Insurance Regulatory Commission Henan Office. Unless otherwise stated, terms used herein shall have the same meanings as those defined in the Circular. Buying Opportunity • Apr 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be HK$0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 7.1%. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: CN¥0.096 (vs CN¥0.15 in FY 2021) Full year 2022 results: EPS: CN¥0.096 (down from CN¥0.15 in FY 2021). Revenue: CN¥14.4b (up 24% from FY 2021). Net income: CN¥2.84b (down 5.4% from FY 2021). Profit margin: 20% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.06% (down from 2.31% in FY 2021). Cost-to-income ratio: 39.0% (up from 36.0% in FY 2021). Non-performing loans: 1.87% (down from 2.12% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Mar 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be HK$0.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 5.3%. Buying Opportunity • Mar 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be HK$0.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 5.3%. Buying Opportunity • Feb 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be HK$0.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 5.3%. Buying Opportunity • Jan 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.1%. The fair value is estimated to be HK$0.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 5.3%. Announcement • Jan 04
Zhongyuan Bank Co., Ltd. Announces the Resignation of Jia Jihong as Vice Chairwoman of the Board of Supervisors and the Member of the Nomination Committee of the Board of Supervisors and the Supervision Committee of the Board of Supervisors The board of directors of Zhongyuan Bank Co., Ltd. announced that on January 3, 2023, Ms. JIA Jihong (Ms. JIA), the vice chairwoman of the board of supervisors of the Bank, tendered her resignation to the board of supervisors of the Bank and resigned as the vice chairwoman of the Board of Supervisors, an employee representative supervisor of the Bank and the member of the nomination committee of the Board of Supervisors and the supervision committee of the Board of Supervisors due to her personal health reason. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Tingyu Jia was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Tingyu Jia was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥5.31b (up 98% from 3Q 2021). Net income: CN¥887.4m (up 24% from 3Q 2021). Profit margin: 17% (down from 27% in 3Q 2021). The decrease in margin was driven by higher expenses. Board Change • Oct 13
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Tingyu Jia was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0 (vs CN¥0.10 in 1H 2021) First half 2022 results: EPS: CN¥0. Revenue: CN¥5.34b (flat on 1H 2021). Net income: CN¥2.09b (flat on 1H 2021). Profit margin: 39% (in line with 1H 2021). Announcement • Aug 31
Zhongyuan Bank Co., Ltd. Announces Board Changes The board of directors of Zhongyuan Bank Co., Ltd. announces that Mr. WANG Jiong, the President and an executive director of the Bank, ceased to be the President of the Bank due to change of job assignment, which will take effect from August 30, 2022. Mr. WANG Jiong will continue to preform duties as an executive director of the Bank, the chairman of the consumer rights protection committee, members of the strategy and development committee, the related party transactions control committee and the risk management committee of the Bank. On August 30, 2022, the Board has determined to appoint Mr. LIU Kai as the President of the Bank. The qualification of Mr. Liu Kai as the President of the Bank is subject to the approval by the relevant banking regulatory authorities in the PRC. Mr. LIU Kai aged 51. He is currently a member of the party committee and vice president of Zhongyuan Bank Co., Ltd. Mr. Liu worked as clerk at PBoC Tanghe County Sub-branch from July 1993 to July 1994; served successively as an officer and a section member of the finance management department and a deputy chief section member and a chief section member of the office of the Henan Branch of PBoC from July 1994 to January 1999; served successively as a chief section member, the deputy chief and the chief of the office of the party committee and the manager of the office of legal affairs of PBoC Zhengzhou Central Sub-branch from January 1999 to May 2007; served as the president and the secretary to the party committee of PBoC Anyang Central Sub-branch and the head of the Anyang Central Sub-bureau of the State Administration of Foreign Exchange from May 2007 to August 2011; served as the assistant to the head of the Bureau of Financial Market of PBoC from August 2011 to December 2013; served as a member of the Leading Group Office for the reform and restructuring of some city commercial banks in Henan Province from December 2013 to December 2014; served as a vice president of the Bank since December 2014. Mr. Liu obtained a bachelor's degree in law from Zhengzhou University in June 1993, and a master's degree in liberal arts from Henan University in June 2007. Mr. Liu obtained a certificate of professional lawyer from the Department of Justice of Henan Province in May 1995 and is a senior economist accredited by the PBoC in May 2005. Announcement • Aug 19
Zhongyuan Bank Co., Ltd. to Report First Half, 2022 Results on Aug 30, 2022 Zhongyuan Bank Co., Ltd. announced that they will report first half, 2022 results on Aug 30, 2022 Announcement • Jun 18
Zhongyuan Bank Co., Ltd. Announces Resignation of WEI Jie as Executive Director and Vice Chairman of the Board Zhongyuan Bank Co., Ltd. announced that on June 17, 2022, Mr. WEI Jie ("Mr. WEI"), an executive director and the vice chairman of the Board of the Bank, tendered his resignation to the Board of the Bank and resigned as an executive Director, the vice chairman of the Board, the member of the Strategic Development Committee, the member of the Related Party Transactions Control Committee and the member of the Risk Management Committee of the Bank due to his personal reason. The Bank has further learned that he is currently under disciplinary review and supervision investigation by the Henan Provincial Commission for Discipline Inspection and Supervision Commission.Mr. WEI has confirmed that there is no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Bank's shareholders, creditors or The Stock Exchange of Hong Kong Limited. The aforesaid matter will not have any material adverse impact on the operations of the Bank and its subsidiaries. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Director Tingyu Jia was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: CN¥11.6b (flat on FY 2020). Net income: CN¥3.57b (up 31% from FY 2020). Profit margin: 31% (up from 24% in FY 2020). Revenue was in line with analyst estimates. 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 weaker. Third quarter 2021 results: Revenue: CN¥9.13b (up 281% from 3Q 2020). Net income: CN¥717.5m (up 3.3% from 3Q 2020). Profit margin: 7.9% (down from 29% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 22% per year, which means it is performing significantly worse than earnings. Board Change • Oct 06
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Director Kenny Chan was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.063 (vs CN¥0.06 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥2.81b (down 2.2% from 2Q 2020). Net income: CN¥1.26b (up 4.5% from 2Q 2020). Profit margin: 45% (up from 42% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Executive Departure • Aug 27
Executive Chairperson Rongxing Dou has left the company On the 25th of August, Rongxing Dou's tenure as Executive Chairperson ended. We don't have any record of a personal shareholding under Rongxing's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Aug 19
Chairman of the Board of Supervisors Jingtao Hao has left the company On the 15th of August, Jingtao Hao's tenure as Chairman of the Board of Supervisors ended after 3.4 years in the role. We don't have any record of a personal shareholding under Jingtao's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Jun 05
Non-Executive Director Xipeng Li has left the company On the 2nd of June, Xipeng Li's tenure as Non-Executive Director ended after 6.3 years in the role. We don't have any record of a personal shareholding under Xipeng's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 5.75 years. Reported Earnings • May 02
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥2.53b (down 2.6% from 1Q 2020). Net income: CN¥821.8m (up 7.0% from 1Q 2020). Profit margin: 33% (up from 30% in 1Q 2020). The increase in margin was driven by lower expenses. Reported Earnings • Mar 30
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥11.6b (down 2.5% from FY 2019). Net income: CN¥3.30b (up 30% from FY 2019). Profit margin: 28% (up from 22% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 24% per year. Announcement • Mar 18
Zhongyuan Bank Co., Ltd. to Report Fiscal Year 2020 Results on Mar 29, 2021 Zhongyuan Bank Co., Ltd. announced that they will report fiscal year 2020 results on Mar 29, 2021 Announcement • Jan 31
Zhongyuan Bank Co., Ltd. Announces Change of Members of the Nomination and Remuneration Committee Zhongyuan Bank Co., Ltd. announced that, in accordance with the provisions of the Company Law and other laws and regulations and in light of the actual situation of the Bank, adjustment is made to the members of the Nomination and Remuneration Committee of the second session of the Board of the Bank. Upon the adjustment, the member composition of the Nomination and Remuneration Committee is as follows: Nomination and Remuneration Committee: Ms. PANG Hong (Chairwoman), Mr. LI Hongchang, Mr. JIA Tingyu; and The term of office of the members of the Nomination and Remuneration Committee of the Board commences from the date of consideration and approval by the Board until the re-election of the second session of the Board. Is New 90 Day High Low • Dec 17
New 90-day low: HK$1.02 The company is down 3.0% 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 underperformed over that time. It also underperformed the Banks industry, which is up 9.0% over the same period. Announcement • Dec 01
Zhongyuan Bank Co., Ltd. Appoints ZHANG Qiuyun as Non-Executive Director Zhongyuan Bank Co., Ltd. approved the appointment of Ms. ZHANG Qiuyun as a non-executive Director of the second session of the Board of the Bank by the Shareholders of the Bank at the EGM held on November 30, 2020. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.39b, down 17% from the prior year. Total revenue was CN¥10.9b over the last 12 months, up 2.4% from the prior year. Announcement • Aug 22
Zhongyuan Bank Co., Ltd. to Report Q2, 2020 Results on Aug 28, 2020 Zhongyuan Bank Co., Ltd. announced that they will report Q2, 2020 results on Aug 28, 2020 
