Qingdao Rural Commercial Bank Co., Ltd.

XSEC:002958 Stock Report

Market Cap: CN¥17.2b

Qingdao Rural Commercial Bank Past Earnings Performance

Past criteria checks 4/6

Qingdao Rural Commercial Bank's earnings have been declining at an average annual rate of -5.4%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 4.5% per year. Qingdao Rural Commercial Bank's return on equity is 6.6%, and it has net margins of 45.4%.

Key information

-5.4%

Earnings growth rate

-5.8%

EPS growth rate

Banks Industry Growth12.1%
Revenue growth rate-4.5%
Return on equity6.6%
Net Margin45.4%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Qingdao Rural Commercial Bank makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

XSEC:002958 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 245,4742,4843,3600
30 Jun 245,4362,4633,3140
31 Mar 245,4402,4283,2970
31 Dec 235,3832,3273,2740
30 Sep 235,3082,3243,0710
30 Jun 235,2862,2193,0670
31 Mar 235,2072,1293,0880
31 Dec 225,0882,0763,0170
30 Sep 226,4433,0363,0470
30 Jun 226,3963,0543,0180
31 Mar 226,3732,9982,9710
31 Dec 216,4142,9703,0090
30 Sep 216,3523,2192,8750
30 Jun 216,2373,1402,8340
31 Mar 216,0013,0192,7920
31 Dec 205,9422,9602,7550
30 Sep 206,0682,9412,8250
30 Jun 205,9812,8932,7360
31 Mar 206,0612,9182,6970
31 Dec 195,9842,8252,6400
30 Sep 197,7702,7422,5260
30 Jun 197,5992,5812,5190
31 Mar 197,5572,4972,4540
31 Dec 187,4172,4192,4050
31 Dec 174,9672,1362,1700
31 Dec 164,5901,9271,9620
31 Dec 154,5981,8641,7950
01 Jan 154,9141,7162,1190
31 Dec 134,4311,6501,8850

Quality Earnings: 002958 has high quality earnings.

Growing Profit Margin: 002958's current net profit margins (45.4%) are higher than last year (43.8%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 002958's earnings have declined by 5.4% per year over the past 5 years.

Accelerating Growth: 002958's earnings growth over the past year (6.9%) exceeds its 5-year average (-5.4% per year).

Earnings vs Industry: 002958 earnings growth over the past year (6.9%) exceeded the Banks industry 2.7%.


Return on Equity

High ROE: 002958's Return on Equity (6.6%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 16:22
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Qingdao Rural Commercial Bank Co., Ltd. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Feifei XiaoCitic Securities Co., Ltd.
Jiali LinHaitong International Research Limited
Zhifeng DaiZhongtai Securities Co. Ltd.