SHSE:601128

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Jiangsu Changshu Rural Commercial Bank

Executive Summary

Jiangsu Changshu Rural Commercial Bank Co., Ltd. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Jiangsu Changshu Rural Commercial Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 601128 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 601128's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.6%

601128

6.1%

CN Banks

-1.2%

CN Market


1 Year Return

-17.5%

601128

10.4%

CN Banks

25.4%

CN Market

Return vs Industry: 601128 underperformed the CN Banks industry which returned 10.4% over the past year.

Return vs Market: 601128 underperformed the CN Market which returned 25.4% over the past year.


Shareholder returns

601128IndustryMarket
7 Day2.6%6.1%-1.2%
30 Day4.2%9.5%4.7%
90 Day-13.9%13.2%6.7%
1 Year-15.4%-17.5%15.0%10.4%27.5%25.4%
3 Year-3.0%-10.2%24.0%11.8%23.2%17.0%
5 Yearn/a92.1%62.6%38.9%29.5%

Long-Term Price Volatility Vs. Market

How volatile is Jiangsu Changshu Rural Commercial Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Jiangsu Changshu Rural Commercial Bank undervalued compared to its fair value and its price relative to the market?

11.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 601128 (CN¥7.38) is trading above our estimate of fair value (CN¥7.36)

Significantly Below Fair Value: 601128 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 601128 is poor value based on its PE Ratio (11.2x) compared to the CN Banks industry average (8.5x).

PE vs Market: 601128 is good value based on its PE Ratio (11.2x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: 601128 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 601128 is overvalued based on its PB Ratio (1.2x) compared to the CN Banks industry average (0.9x).


Next Steps

Future Growth

How is Jiangsu Changshu Rural Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 601128's forecast earnings growth (14.1% per year) is above the savings rate (3.3%).

Earnings vs Market: 601128's earnings (14.1% per year) are forecast to grow slower than the CN market (24.2% per year).

High Growth Earnings: 601128's earnings are forecast to grow, but not significantly.

Revenue vs Market: 601128's revenue (15.3% per year) is forecast to grow slower than the CN market (18.1% per year).

High Growth Revenue: 601128's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 601128's Return on Equity is forecast to be low in 3 years time (11.4%).


Next Steps

Past Performance

How has Jiangsu Changshu Rural Commercial Bank performed over the past 5 years?

15.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 601128 has high quality earnings.

Growing Profit Margin: 601128's current net profit margins (36.1%) are lower than last year (37.5%).


Past Earnings Growth Analysis

Earnings Trend: 601128's earnings have grown by 15.5% per year over the past 5 years.

Accelerating Growth: 601128's earnings growth over the past year (4.2%) is below its 5-year average (15.5% per year).

Earnings vs Industry: 601128 earnings growth over the past year (4.2%) exceeded the Banks industry 3.6%.


Return on Equity

High ROE: 601128's Return on Equity (10.4%) is considered low.


Next Steps

Financial Health

How is Jiangsu Changshu Rural Commercial Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: 601128's Assets to Equity ratio (10.9x) is moderate.

Allowance for Bad Loans: 601128 has a sufficient allowance for bad loans (461%).

Low Risk Liabilities: 87% of 601128's liabilities are made up of primarily low risk sources of funding.

Loan Level: 601128 has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: 601128's Loans to Deposits ratio (78%) is appropriate.

Level of Bad Loans: 601128 has an appropriate level of bad loans (0.9%).


Next Steps

Dividend

What is Jiangsu Changshu Rural Commercial Bank current dividend yield, its reliability and sustainability?

2.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 601128's dividend (2.71%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 601128's dividend (2.71%) is in the top 25% of dividend payers in the CN market (1.82%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 601128 has been paying a dividend for less than 10 years.

Growing Dividend: 601128's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.3%), 601128's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 601128's dividends in 3 years are forecast to be well covered by earnings (30.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Guang Qiang Zhuang (50 yo)

4.17yrs

Tenure

CN¥1,664,100

Compensation


Leadership Team

NamePositionTenureCompensationOwnership
Guang Qiang Zhuang
President & Director4.17yrsCN¥1.66mno data
Xianzhu Yin
VP & CFO1yrCN¥436.90kno data
Jin Fu
VP & Chief Information Officer3.75yrsCN¥400.00kno data
Tie Wu
Assistant President1.08yrsCN¥1.14mno data
Hui Chun Xu
Secretary & Director20yrsCN¥1.29mno data
Ren Chen
Vice President3.25yrsCN¥1.40mno data
Jiong Meng
Assistant President4.25yrsCN¥1.15mno data
Bin Zhou
Vice President3.25yrsCN¥1.43mno data

3.5yrs

Average Tenure

49yo

Average Age

Experienced Management: 601128's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Guang Qiang Zhuang
President & Director4.17yrsCN¥1.66mno data
Hui Chun Xu
Secretary & Director20yrsCN¥1.29mno data
Jian Ming Song
Chairman of the Board7.75yrsCN¥1.65mno data
Chun Hua Wang
Director6.83yrsCN¥32.00kno data
Jun Hua Ji
Director3.75yrsno datano data
Xu Ming Dai
Director3.75yrsCN¥29.00kno data
Shi He Meng
Director3.75yrsCN¥29.00kno data
Jian Sheng Jiang
Independent Director3.75yrsCN¥79.00kno data
Xiu Guo Yuan
Independent Director3.75yrsCN¥83.00k0.00022%
CN¥ 43.4k
Min Yan Wu
Independent Director3.75yrsCN¥83.00kno data
Yiliang Zhang
Chief Supervisor6.83yrsno datano data
Yu Guang Yang
Non-Executive Director2yrsCN¥28.00kno data

3.8yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 601128's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jiangsu Changshu Rural Commercial Bank Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jiangsu Changshu Rural Commercial Bank Co., Ltd.
  • Ticker: 601128
  • Exchange: SHSE
  • Founded: 2001
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: CN¥19.734b
  • Shares outstanding: 2.74b
  • Website: https://www.csrcbank.com

Number of Employees


Location

  • Jiangsu Changshu Rural Commercial Bank Co., Ltd.
  • No. 58 Xinshiji Dadao
  • Changshu
  • Jiangsu Province
  • 215500
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
601128SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYSep 2016
601128XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYSep 2016

Biography

Jiangsu Changshu Rural Commercial Bank Co., Ltd. provides rural financial services in China. The company offers personal savings, debit and credit cards, payment services, financial management services, pr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/18 09:22
End of Day Share Price2021/01/18 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.