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Postal Savings Bank of China Co., Ltd. Class H
(1658)
Postal Savings Bank of China Co., Ltd. Class H (1658) vs. iShares MSCI Hong Kong ETF (EWH)
Postal Savings Bank of China Co., Ltd. Class H Business Overview & Revenue Model
Postal Savings Bank of China Co., Ltd. Class H Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 328.70B | 234.48B | 316.75B | 234.68B | 216.44B | 207.63B | Gross Profit |
| 271.83B | 234.48B | 226.79B | 234.68B | 216.44B | 207.63B | EBIT |
| 110.18B | 126.20B | 240.56B | 291.88B | 81.09B | 68.02B | EBITDA |
| -1.58B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| 80.20B | 86.48B | 86.27B | 85.22B | 76.17B | 64.20B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.92T | 1.96T | 1.83T | 1.73T | 1.56T | 1.51T | Total Assets |
| 16.41T | 17.08T | 15.73T | 14.07T | 12.59T | 11.35T | Total Debt |
| 141.94B | 0.00 | 270.41B | 111.76B | 91.11B | 67.25B | Net Debt |
| -1.78T | -1.96T | -1.83T | -1.62T | -1.47T | -1.44T | Total Liabilities |
| 15.41T | 16.05T | 14.77T | 111.76B | 91.11B | 67.25B | Stockholders Equity |
| 1.00T | 1.03T | 954.87B | 824.23B | 794.09B | 671.80B |
| Cash Flow | Free Cash Flow | ||||
| -944.99B | 376.93B | 250.37B | 462.51B | 95.70B | 154.20B | Operating Cash Flow |
| -930.19B | 397.28B | 263.34B | 474.91B | 109.56B | 161.77B | Investing Cash Flow |
| -295.27B | -480.40B | -242.43B | -511.51B | -182.92B | -122.08B | Financing Cash Flow |
| 1.09T | -30.78B | 1.43T | -37.74B | 52.26B | 16.75B |
Postal Savings Bank of China Co., Ltd. Class H Technical Analysis
Postal Savings Bank of China Co., Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$559.86B | 5.58 | 10.41% | 9.54% | -1.43% | 5.12% | |
64 Neutral | $12.85B | 9.81 | 7.79% | 78.20% | 12.23% | -7.93% | |
| $271.08B | 6.21 | 10.80% | 4.65% | ― | ― | ||
| $209.36B | 5.77 | 9.57% | 11.24% | ― | ― | ||
| $241.40B | 5.27 | 10.81% | 11.87% | ― | ― | ||
| $158.00B | 8.26 | 14.86% | 4.26% | ― | ― | ||
| $332.93B | 5.59 | 5.22% | ― | ― |
Postal Savings Bank of China Co., Ltd. Class H Corporate Events
Postal Savings Bank of China Co., Ltd. has nominated Ms. Chen Xue as a candidate for the position of Non-executive Director. Her appointment is pending approval by the National Financial Regulatory Administration, with a proposed term of three years. Ms. Chen brings extensive experience in financial management and regulatory roles, having previously worked with the China Securities Regulatory Commission and the National Financial Regulatory Administration. Her nomination reflects the bank’s strategic focus on strengthening its governance and leveraging her expertise to enhance its industry positioning.
Postal Savings Bank of China Co., Ltd. reported its financial results for the first quarter of 2025, showing a modest increase in total assets and customer deposits, with a slight decline in net profit. The bank’s operating income remained stable, but net cash flows from operating activities saw a significant decrease, which could impact its liquidity management and operational strategies.
Postal Savings Bank of China Co., Ltd. announced the successful conclusion of its 2024 Annual General Meeting and the 2025 Shareholders’ Class Meetings. The meetings were conducted in compliance with relevant laws and regulations, with significant shareholder participation. Key resolutions were discussed, although certain shareholders, including China Mobile Group and CSSC, abstained from voting on specific proposals related to the issuance of A Shares and strategic cooperation agreements. The outcomes of these meetings are expected to influence the bank’s strategic direction and stakeholder relationships.
Postal Savings Bank of China Co., Ltd. has announced an update regarding its final dividends for the year ended December 31, 2024. The update includes details on the default currency and amount of the dividend, the exchange rate, and withholding tax information. The dividend will be paid in Hong Kong dollars at a rate of HKD 1.2262079 per 10 shares, with an ex-dividend date of April 23, 2025, and a payment date of May 22, 2025. The announcement also outlines the withholding tax rates applicable to different types of shareholders, which may impact the net dividend received by non-resident shareholders.
Postal Savings Bank of China Co., Ltd. has announced a board meeting scheduled for April 29, 2025, to review and approve the first quarterly results for the period ending March 31, 2025. This meeting is crucial for stakeholders as it will provide insights into the bank’s financial performance and strategic direction for the upcoming quarters.
China Post Group Corporation Limited, the controlling shareholder of Postal Savings Bank of China, has increased its shareholding in the bank by acquiring an additional 19,910,200 A shares, representing 0.02% of the total issued ordinary shares. This move, part of a broader Shareholding Increase Plan, reflects China Post Group’s confidence in the bank’s long-term investment value and aims to boost investor confidence and protect the interests of smaller investors. The plan will be executed over the next 12 months, with further acquisitions to be made through the Shanghai Stock Exchange using China Post Group’s own funds.
Postal Savings Bank of China Co., Ltd. announced its plan to issue A Shares to specific subscribers, including the Ministry of Finance, China Mobile Group, and CSSC, aiming to raise RMB130 billion. The proceeds will be used to replenish the bank’s core tier 1 capital, enhancing its financial stability and market position. This strategic move involves entering into equity investment and cooperation agreements, potentially strengthening the bank’s operational capabilities and stakeholder relationships.
Postal Savings Bank of China has announced a supplemental notice for its 2024 Annual General Meeting, where additional resolutions will be considered. These include proposals related to the issuance of A shares to specific subscribers, detailing aspects such as the class and nominal value of securities, issuance method, and use of proceeds. The resolutions aim to enhance the bank’s capital structure and strategic positioning, potentially impacting shareholder returns and related party transactions.
Postal Savings Bank of China Co., Ltd. has announced the scheduling of its 2025 first H shareholders’ class meeting to discuss and approve several proposals related to the issuance of A shares to specific subscribers. The meeting will address special resolutions including the issuance plan, related party transactions, and share subscription agreements with entities such as the Ministry of Finance of China and China Mobile Group, potentially impacting the bank’s capital structure and stakeholder interests.
Postal Savings Bank of China Co., Ltd. has announced adjustments to its deposit agency fee rates for its agency renminbi personal deposit taking business. The adjustments involve a new pricing mechanism that sets scaled fee rates based on deposit types, impacting the bank’s operations by potentially altering its revenue from deposit agency fees. This move is part of a broader framework agreement with China Post Group, which allows the bank to conduct commercial banking businesses through agency outlets, enhancing its market presence and operational flexibility.
Postal Savings Bank of China Co., Ltd. has announced its 2024 Annual General Meeting, scheduled for April 17, 2025, in Beijing. The meeting will address several resolutions, including the approval of work reports, financial accounts, profit distribution, and the election of an independent non-executive director. These resolutions are crucial for the bank’s governance and strategic planning, impacting its operational efficiency and stakeholder engagement.
The 2024 Pillar 3 Disclosure Report from Postal Savings Bank of China Co., Ltd. outlines the bank’s capital management strategies and risk management practices. It details key prudential regulatory indicators, risk-weighted assets, and the composition of capital and total loss-absorbing capacity. The report highlights the bank’s commitment to maintaining robust financial health and regulatory compliance, which is crucial for its operational stability and stakeholder confidence.
Postal Savings Bank of China Co., Ltd. has nominated Mr. Pu Yonghao as an Independent Non-executive Director, subject to approval by the National Financial Regulatory Administration. Mr. Pu brings a wealth of experience from various financial institutions and is deemed independent under Hong Kong Listing Rules. Additionally, the bank announced changes in its Board committees, with new appointments to the Nomination and Remuneration Committee and the Audit Committee, effective upon regulatory approval. These changes are expected to enhance the bank’s governance and strategic oversight.
The Postal Savings Bank of China Co., Ltd. has announced the composition of its Board of Directors, including the roles and functions of each member. This announcement highlights the structure of the Board, which includes a Chairman, Executive Directors, Non-executive Directors, and Independent Non-executive Directors, along with the establishment of six special committees. This organizational update is significant for stakeholders as it outlines the governance framework and leadership structure, which are crucial for the bank’s strategic planning and operational oversight.
Postal Savings Bank of China Co., Ltd. announced a final ordinary cash dividend of RMB 1.139 per 10 shares for the financial year ending December 31, 2024. The dividend is subject to shareholder approval on April 17, 2025, with the ex-dividend date set for April 23, 2025, and payment scheduled for May 22, 2025. This announcement reflects the bank’s continued commitment to returning value to shareholders, potentially enhancing its attractiveness to investors.
Postal Savings Bank of China Co., Ltd. announced its audited annual results for the year ending December 31, 2024, along with a proposed cash dividend distribution totaling approximately RMB25,941 million for the year. The financial statements, audited by KPMG, showed no misappropriation of funds or regulatory violations during the reporting period, indicating a stable financial position and effective risk management strategies. The announcement underscores the bank’s commitment to transparency and compliance with financial regulations.
Postal Savings Bank of China Co., Ltd. has announced a board meeting scheduled for March 27, 2025, to discuss and approve the annual results for the year ending December 31, 2024, and to consider the payment of a final dividend. This meeting is significant as it will determine the financial performance of the bank and its subsidiaries, potentially impacting stakeholders and influencing the bank’s strategic direction.
Postal Savings Bank of China Co., Ltd. has announced the appointment of Mr. Zheng Guoyu as the new Chairman of the Board and Director, following approval from the National Financial Regulatory Administration. His leadership is expected to guide the Bank’s strategic planning, with Mr. Zheng also assuming the role of the Bank’s legal representative.
Postal Savings Bank of China Co., Ltd. announced the composition of its Board of Directors, chaired by Zheng Guoyu, and detailed the roles and functions of its members. The Board has established six special committees, each with designated chairpersons and members, aimed at overseeing various strategic and operational aspects of the bank, indicating a structured governance framework.