SEHK:1963Banks
Bank of Chongqing (SEHK:1963) Stock Profit Holds Firm As Bad Loans Rise
Bank of Chongqing stock has quietly inched higher in recent weeks, yet today’s earnings story is less about the share price drift and more about how the balance sheet is holding up. The headline is that profit remains solid while the pressure point sits on asset quality.
Quarterly net income came in at C¥1,724.4m on revenue of C¥3,258.5m, and trailing net profit margin sits near 49%. That looks healthy on the surface, but non performing loans are now reported at C¥6,259m. For a regional...