Upcoming Dividend • Jul 02
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 09 July 2026. Payment date: 30 July 2026. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.5%). Announcement • Jun 05
Weihai Bank Co., Ltd., Annual General Meeting, Jun 29, 2026 Weihai Bank Co., Ltd., Annual General Meeting, Jun 29, 2026, at 09:00 China Standard Time. Location: qingdao north road, weihai city, shandong province, China Announcement • May 30
Weihai Bank Co., Ltd. Announces Adjustment of the Members of the Special Committees of the Board, Effective May 29, 2026 Weihai Bank Co., Ltd. had considered and approved the relevant resolutions to make the following adjustments of the members of the special committees of the Board from May 29, 2026: Mr. ZHOU Liang shall serve as a member of the risk management committee and a member of the audit committee of the ninth session of the Board of the Bank. Mr. GUO Youhui shall serve as a member of the risk management committee and as vice chairman of the consumer rights protection committee of the ninth session of the Board of the Bank. Mr. ZHAO Bing shall cease to serve as a member of the risk management committee and had been reassigned to serve as a member of the audit committee of the ninth session of the Board of the Bank. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.30 in FY 2024) Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.30 in FY 2024). Revenue: CN¥5.17b (up 8.9% from FY 2024). Net income: CN¥2.25b (up 27% from FY 2024). Profit margin: 44% (up from 38% in FY 2024). The increase in margin was primarily driven by higher revenue. 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 5% per year, which means it is significantly lagging earnings. Announcement • Mar 17
Weihai Bank Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Weihai Bank Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Mar 02
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 9.7% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.7% average weekly change). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to HK$1.91, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 6x in the Banks industry in Hong Kong. Total loss to shareholders of 33% over the past three years. Buy Or Sell Opportunity • Dec 30
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.6% to HK$2.67. The fair value is estimated to be HK$3.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years, while earnings per share has been flat. Announcement • Dec 22
Weihai Bank Co., Ltd. has filed a Follow-on Equity Offering in the amount of CNY 493.5 million. Weihai Bank Co., Ltd. has filed a Follow-on Equity Offering in the amount of CNY 493.5 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 150,000,000
Price\Range: CNY 3.29
Transaction Features: Subsequent Direct Listing Board Change • Nov 26
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. 7 non-independent directors. Independent Non-Executive Director Feng Peng was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 18
Weihai Bank Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Weihai Bank Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 20
Weihai Bank Co., Ltd. Announces Final Dividend for the Year Ended 31 December 2024, Payable on 30 July 2025 Weihai Bank Co., Ltd. announced final dividend of RMB 10 per 100 share for the year ended 31 December 2024. Payment date is 30 July 2025. Record date is 30 June 2025, Ex-dividend date is 23 June 2025. Date of shareholders' approval is 18 June 2025. Upcoming Dividend • Jun 16
Upcoming dividend of CN¥0.10 per share Eligible shareholders must have bought the stock before 23 June 2025. Payment date: 30 July 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Hong Kong dividend payers (7.5%). Lower than average of industry peers (5.6%). Announcement • May 26
Weihai Bank Co., Ltd., Annual General Meeting, Jun 18, 2025 Weihai Bank Co., Ltd., Annual General Meeting, Jun 18, 2025, at 09:00 China Standard Time. Location: no. 137a, qingdao north road, weihai city, shandong province, China Buy Or Sell Opportunity • May 14
Now 20% undervalued Over the last 90 days, the stock has risen 1.0% to HK$2.97. The fair value is estimated to be HK$3.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 3.1%. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.29 in FY 2023) Full year 2024 results: EPS: CN¥0.30 (up from CN¥0.29 in FY 2023). Revenue: CN¥4.74b (up 12% from FY 2023). Net income: CN¥1.99b (up 16% from FY 2023). Profit margin: 42% (up from 41% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in Hong Kong. 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 3% per year, which means it is significantly lagging earnings. Announcement • Mar 18
Weihai Bank Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Weihai Bank Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 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 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Aug 16
Weihai City Commercial Bank Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Weihai City Commercial Bank Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Jun 21
Weihai City Commercial Bank Co., Ltd. Announces Change of Employees' Representative Supervisors Weihai City Commercial Bank Co., Ltd. announced that Mr. WANG Xifeng, the employees' representative supervisor of the Eighth Session of the Board of Supervisors of the Bank, has resigned from his position as an employees' representative supervisor with effect from June 20, 2024 due to work adjustment. Mr. WANG has confirmed that he has no disagreement with the Board of Directors and the Board of Supervisors of the Bank in any respect and has no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Bank. The Board and the Board of Supervisors would like to take this opportunity to express their deep gratitude to Mr. WANG for his contribution during his tenure as an employees' representative supervisor. The Bank held an employees' representative meeting on June 20, 2024, and elected Ms. WANG Wenjing ("Ms. WANG") as an employees' representative supervisor of the Bank, with term of office until the expiry of the term of office of the Eighth Session of the Board of Supervisors. Ms. WANG Wenjing, aged 38. Ms. WANG has served as the general manager of the Party Working Department and the dean of the Training Academy of the Bank since July 2023, and has also served as the director of the Labor Union Office of the Bank since November 2023. From March 2019 to July 2023, she successively served as the general manager of the Party Working Department, the general manager of the Human Resources Department, and the director of the Office of Party Committee of the Bank. From February 2017 to March 2019, she successively served as the deputy general manager of the Financial Market Department and the deputy general manager of the Party Working Department of the Bank. From July 2009 to February 2017, she successively served as an employee of Changfeng Sub-branch, International Business Department and Retail Banking Department and the center manager of the Financial Market Department of the Bank. Ms. WANG obtained a master's degree in business administration from Shandong University in 2023, majoring in business administration. Buy Or Sell Opportunity • Jun 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to HK$2.62. The fair value is estimated to be HK$3.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 5.9%. Buy Or Sell Opportunity • May 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.1% to HK$2.63. The fair value is estimated to be HK$3.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 5.9%. Upcoming Dividend • Apr 29
Upcoming dividend of CN¥0.10 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Hong Kong dividend payers (8.1%). Lower than average of industry peers (7.6%). Announcement • Mar 29
Weihai City Commercial Bank Co., Ltd., Annual General Meeting, Apr 30, 2024 Weihai City Commercial Bank Co., Ltd., Annual General Meeting, Apr 30, 2024, at 09:00 China Standard Time. Location: No. 9 Baoquan Road, Weihai City, Shandong Province, China Agenda: To consider Work Report of the Board of Directors for 2023;to consider Work Report of the Board of Supervisors for 2023;to consider 2023 Annual Report;to consider Final Accounts Report for 2023; and to consider other matters. Announcement • Mar 28
Weihai City Commercial Bank Co., Ltd., Annual General Meeting, Apr 30, 2024 Weihai City Commercial Bank Co., Ltd., Annual General Meeting, Apr 30, 2024, at 09:00 China Standard Time. Location: No. 9 Baoquan Road Weihai City Shandong Province China Agenda: To consider and approve the Work Report of the Board of Directors for 2023; to consider and approve the Work Report of the Board of Supervisors for 2023; to consider and approve the 2023 Annual Report; to consider and approve the Final Accounts Report for 2023; to consider and approve the Profit Distribution Plan for 2023; to consider and approve the Financial Budget for 2024; to consider and approve the Duty Report of the Independent Directors for 2023; and to consider other matters. Announcement • Mar 26
Weihai City Commercial Bank Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 31 May 2024 Weihai City Commercial Bank Co., Ltd. proposed final dividend of RMB 10 per 100 share for the year ended 31 December 2023 at its shareholders' meeting to be held on 30 April 2024. Ex-dividend date: 06 May 2024. Record date: 13 May 2024. Payment date: 31 May 2024. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.28 in FY 2022) Full year 2023 results: EPS: CN¥0.29 (up from CN¥0.28 in FY 2022). Revenue: CN¥4.24b (up 3.1% from FY 2022). Net income: CN¥1.93b (up 1.4% from FY 2022). Profit margin: 46% (in line with FY 2022). Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Banks industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 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. This is currently the only risk that has been identified for the company. Announcement • Mar 13
Weihai City Commercial Bank Co., Ltd. to Report Fiscal Year 2023 Results on Mar 22, 2024 Weihai City Commercial Bank Co., Ltd. announced that they will report fiscal year 2023 results on Mar 22, 2024 Reported Earnings • Sep 03
First half 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.17 in 1H 2022) First half 2023 results: EPS: CN¥0.17 (up from CN¥0.17 in 1H 2022). Revenue: CN¥2.16b (up 4.0% from 1H 2022). Net income: CN¥1.05b (up 5.6% from 1H 2022). Profit margin: 49% (in line with 1H 2022). Announcement • Aug 19
Weihai City Commercial Bank Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Weihai City Commercial Bank Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • May 31
Weihai City Commercial Bank Co., Ltd. Appoints Yang Yunhong as Independent Non-Executive Director Weihai City Commercial Bank Co., Ltd. at the AGM held on May 30, 2023, announced that Mr. YANG Yunhong ("Mr. YANG") was newly appointed as the independent non-executive Director. Mr. SUN Guomao, the former independent non-executive Director, will continue to perform his duties as an independent non-executive Director until the qualification of Mr. YANG is approved. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.27 in FY 2021) Full year 2022 results: EPS: CN¥0.28 (up from CN¥0.27 in FY 2021). Revenue: CN¥4.12b (up 8.2% from FY 2021). Net income: CN¥1.91b (up 20% from FY 2021). Profit margin: 46% (up from 42% in FY 2021). Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 19% share price gain to HK$3.19, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 5x in the Banks industry in Hong Kong. Total loss to shareholders of 2.9% over the past year. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 1H 2021) First half 2022 results: EPS: CN¥0.17 (up from CN¥0.15 in 1H 2021). Revenue: CN¥2.07b (up 8.3% from 1H 2021). Net income: CN¥992.2m (up 12% from 1H 2021). Profit margin: 48% (up from 46% in 1H 2021). The increase in margin was driven by higher revenue. Announcement • Aug 19
Weihai City Commercial Bank Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2022 Weihai City Commercial Bank Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2022 Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$2.50, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 6x in the Banks industry in Hong Kong. Total loss to shareholders of 20% over the past year. Upcoming Dividend • May 26
Upcoming dividend of CN¥0.10 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (7.3%). Announcement • May 02
Weihai City Commercial Bank Co., Ltd. Announces Change of Non-Executive Directors The board of directors of Weihai City Commercial Bank Co., Ltd. announced that the Board has received a letter of resignation from Ms. ZHAO Yue, who is to resign as the Bank's non-executive Director and member of the Related Party Transactions Control Committee and the Consumer Rights Protection Committee of the Board due to work adjustment. Her resignation will come into effect from the date on which a non-executive Director is elected by the Bank to succeed her and have his/her qualifications approved by the China Banking and Insurance Regulatory Commission Shandong Office (the "CBIRC Shandong Office"). During this period, Ms. Zhao will continue to perform her duties as the Bank's non-executive Director and member of relevant special committees of the Board. Ms. Zhao has confirmed that she has no disagreement with the Board on any matter and has no matters in relation to her resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders and creditors of the Bank. On April 28, 2022, the Bank convened an employees' representative meeting to elect Ms. LI Jie as an employees' representative to serve as a non-executive Director of the eighth session of the Board of the Bank, to fill the vacancy following the resignation of Ms. Zhao. Pursuant to Article 142 of the Articles of Association of the Bank, an employees' representative of the Board shall directly become part of the Board upon his/her election by the employees of the Company via the employees' representative meeting, the employee meeting or other democratic means. Hence, the term of Ms. Li shall be effective from the date on which her qualification for directorship is approved by the CBIRC Shandong Office to the date on which the term of the eighth session of the Board expires. Ms. LI Jie has served as the head of the Board Office of the Bank since March 2013, after serving as its deputy head from November 2011 to March 2013. Reported Earnings • Apr 01
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥3.81b (up 7.9% from FY 2020). Net income: CN¥1.75b (up 28% from FY 2020). Profit margin: 46% (up from 39% in FY 2020). The increase in margin was primarily driven by higher revenue. Reported Earnings • Aug 30
First half 2021 earnings released: EPS CN¥0.15 (vs CN¥0.16 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: CN¥1.91b (up 7.8% from 1H 2020). Net income: CN¥882.9m (up 8.4% from 1H 2020). Profit margin: 46% (in line with 1H 2020). Executive Departure • Aug 06
Non-Executive Director Chenglong Sun has left the company On the 2nd of August, Chenglong Sun's tenure as Non-Executive Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Chenglong's name. A total of 8 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Executive Departure • Aug 06
Independent Non-Executive Director Xue Liu has left the company On the 2nd of August, Xue Liu's tenure as Independent Non-Executive Director ended after 5.1 years in the role. We don't have any record of a personal shareholding under Xue's name. A total of 8 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Announcement • Mar 20
Weihai City Commercial Bank Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Weihai City Commercial Bank Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 20
New 90-day high: HK$3.37 The company is up 1.0% from its price of HK$3.35 on 20 November 2020. The Hong Kong market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 7.0% over the same period.