Announcement • Dec 31
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 16
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd Approves Interim Dividend for 2025 Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. approved interim Cash dividend/10 shares (tax included): CNY1.00000000 for 2025. Announcement • Jul 02
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd to Report First Half, 2025 Results on Aug 28, 2025 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 01
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd Proposes Final Cash Dividend for the Year 2024 Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. proposed final cash dividend for the year 2024 as follows: Cash dividend/10 shares (tax included): CNY 2.00000000. Announcement • Mar 31
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd to Report Q1, 2025 Results on Apr 30, 2025 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Mar 29
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd, Annual General Meeting, Apr 29, 2025 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd, Annual General Meeting, Apr 29, 2025, at 14:00 China Standard Time. Location: 19F, No. 66, Renmin Middle Road, Yangshe Town, Zhangjiagang, Jiangsu China Announcement • Dec 31
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd to Report Fiscal Year 2024 Results on Mar 29, 2025 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.24 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.24 in 3Q 2023). Revenue: CN¥1.01b (down 1.4% from 3Q 2023). Net income: CN¥635.6m (up 1.2% from 3Q 2023). Profit margin: 63% (up from 62% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥4.53, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Banks industry in China. Total returns to shareholders of 8.0% over the past three years. Announcement • Sep 30
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd to Report Q3, 2024 Results on Oct 31, 2024 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.12 in 2Q 2023). Revenue: CN¥787.2m (up 12% from 2Q 2023). Net income: CN¥401.4m (up 54% from 2Q 2023). Profit margin: 51% (up from 37% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd to Report First Half, 2024 Results on Aug 27, 2024 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 01
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 4.6%, which is lower than the industry average of 5.5%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 31
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd Announces Cash Dividend for the Year 2023, Payable on 6 June 2024 Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. announced 2023 final profit distribution plan to be implemented (A shares): cash dividend/10 shares (tax included) of CNY 2.00000000. Record date is 5 June 2024. Ex-date is 6 June 2024. Payment date is 6 June 2024. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.23 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.23 in 1Q 2023). Revenue: CN¥1.02b (up 7.5% from 1Q 2023). Net income: CN¥544.8m (up 7.1% from 1Q 2023). Profit margin: 53% (in line with 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 01
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd, Annual General Meeting, May 22, 2024 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd, Annual General Meeting, May 22, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zhangjiagang, Jiangsu China Announcement • Mar 30
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 30
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.11 in 2Q 2022). Revenue: CN¥751.8m (up 15% from 2Q 2022). Net income: CN¥357.0m (up 54% from 2Q 2022). Profit margin: 48% (up from 36% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jul 01
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd Approves Board Elections Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. at its EGM held on 29 June 2023 approved election of Sun Wei as non-independent director and Wu Minyan as independent director. Announcement • May 27
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd Announces Final Dividend on A Shares for the Year 2022, Payable on June 1, 2023 Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.00000000 on A shares for the year 2022. Record date is May 31, 2023. Ex-date is June 1, 2023. Payment date is June 1, 2023. Announcement • May 23
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd Approves Cash Dividend for the Year 2022 Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. approved cash dividend/10 shares (tax included) of CNY 2.00000000 for the year 2022 at its AGM held on 19 May 2023. Announcement • May 06
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd, Annual General Meeting, May 19, 2023 Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd, Annual General Meeting, May 19, 2023, at 14:00 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts and 2023 financial budget plan; to consider 2022 profit distribution plan; to consider 2022 evaluation report of the supervisory committee on the performance of supervisors; to consider 2022 evaluation report of the supervisory committee on the performance of the board of directors and its members; and to consider other matters. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥0.73 (vs CN¥0.60 in FY 2021) Full year 2022 results: EPS: CN¥0.73 (up from CN¥0.60 in FY 2021). Revenue: CN¥3.40b (up 22% from FY 2021). Net income: CN¥1.68b (up 29% from FY 2021). Profit margin: 50% (up from 47% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Director Zhongming Ji was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.17 in 3Q 2021). Revenue: CN¥1.00b (up 31% from 3Q 2021). Net income: CN¥602.6m (up 59% from 3Q 2021). Profit margin: 60% (up from 50% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12. Revenue: CN¥681.3m (up 20% from 2Q 2021). Net income: CN¥328.5m (up 25% from 2Q 2021). Profit margin: 48% (up from 46% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 90%, compared to a 57% growth forecast for the industry in China. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.18 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.18 in 1Q 2021). Revenue: CN¥753.1m (up 3.7% from 1Q 2021). Net income: CN¥433.4m (up 30% from 1Q 2021). Profit margin: 57% (up from 46% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 92%, compared to a 50% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: CN¥0.72 (vs CN¥0.55 in FY 2020) Full year 2021 results: EPS: CN¥0.72 (up from CN¥0.55 in FY 2020). Revenue: CN¥2.85b (up 23% from FY 2020). Net income: CN¥1.30b (up 30% from FY 2020). Profit margin: 46% (up from 43% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 85%, compared to a 49% growth forecast for the banks industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.15 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥764.8m (up 19% from 3Q 2020). Net income: CN¥378.7m (up 38% from 3Q 2020). Profit margin: 50% (up from 43% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥573.1m (up 26% from 2Q 2020). Net income: CN¥262.3m (up 31% from 2Q 2020). Profit margin: 46% (up from 44% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥5.57 The company is down 6.0% from its price of CN¥5.91 on 04 November 2020. The Chinese 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 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.20 per share. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥5.72 The company is down 7.0% from its price of CN¥6.14 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.22 per share. Is New 90 Day High Low • Nov 28
New 90-day high: CN¥6.50 The company is up 1.0% from its price of CN¥6.41 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.92 per share. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥5.80 The company is down 6.0% from its price of CN¥6.16 on 31 July 2020. The Chinese market is down 2.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.99 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥989.4m, up 6.9% from the prior year. Total revenue was CN¥2.14b over the last 12 months, down 2.0% from the prior year. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥5.84 The company is down 6.0% from its price of CN¥6.24 on 02 July 2020. The Chinese 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 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.75 per share. 
