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Shengjing Bank Co. Ltd. Class H (HK:2066)
:2066
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Shengjing Bank Co. Ltd. Class H (2066) AI Stock Analysis

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HK:2066

Shengjing Bank Co. Ltd. Class H

(Frankfurt:2066)

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Neutral 56 (OpenAI - 4o)
Rating:56Neutral
Price Target:
Shengjing Bank has a stable balance sheet but faces challenges in revenue growth and cash flow management, leading to a moderate financial performance score. Technical analysis shows a bearish trend, while the P/E ratio indicates fair valuation. The combined factors result in an overall score that reflects the need for operational improvements and cautious market sentiment.

Shengjing Bank Co. Ltd. Class H (2066) vs. iShares MSCI Hong Kong ETF (EWH)

Shengjing Bank Co. Ltd. Class H Business Overview & Revenue Model

Company DescriptionShengjing Bank Co., Ltd., together with its subsidiaries, provides banking products and related financial services in Mainland China. Its Corporate Banking segment offers corporate loans and advances, trade financing and deposit taking services, agency services, and remittance and settlement services to corporations and government agencies. The company's Retail Banking segment provides financial products and services to retail customers, including personal loans and deposit taking services, bank cards, wealth management services, remittance and settlement services, and collection and payment agency services. Its Treasury Business segment is involved in the inter-bank money market transactions, repurchases transactions, and investment activities, as well as trading in debt securities. The company also provides online and mobile banking services; and invests in equities. As of December 31, 2021, it operated 212 institutional outlets, including 1 head office, 3 branch-level specialized institutions, 18 branches, 5 small sub-branches, and 185 traditional sub-branches; and 1,852 self-service terminals, such as self-service deposit and withdrawal machines, inquiry and payment machines, mobile card opening machines, VTM teller machines, smart counters, high-speed deposit and withdrawal all-in-one machines, interactive desktops, and other self-service terminal equipment. The company was formerly known as Shenyang Commercial Bank Co., Ltd. and changed its name to Shengjing Bank Co., Ltd. in February 2007. Shengjing Bank Co., Ltd. was incorporated in 1997 and is headquartered in Shenyang, the People's Republic of China.
How the Company Makes MoneyShengjing Bank Co. Ltd. generates its revenue primarily through interest income from its lending activities, which include loans to individuals, businesses, and government entities. The bank also earns money from fees and commissions associated with various financial services, such as wealth management, payment processing, and trade finance. Additionally, Shengjing Bank engages in treasury operations, which involve managing the bank's own funds and investments to generate returns. The bank's performance is influenced by factors such as interest rate fluctuations, regulatory policies, and the economic environment in its operational areas.

Shengjing Bank Co. Ltd. Class H Financial Statement Overview

Summary
Shengjing Bank's financial performance is mixed. The balance sheet is stable with a strong equity base and low debt, but the income statement shows declining revenue and profitability margins. The cash flow statement reveals negative operating and free cash flows, indicating cash management challenges.
Income Statement
55
Neutral
Shengjing Bank's income statement shows mixed performance. The gross profit margin is robust due to high gross profit relative to revenue. However, the net profit margin has been declining, indicating profitability challenges. Revenue has decreased over the past few years, with 2024 showing a particularly sharp decline compared to previous years. This decline in revenue growth and profitability suggests potential operational inefficiencies.
Balance Sheet
70
Positive
The balance sheet is relatively stable with a solid equity base. The debt-to-equity ratio is low, indicating conservative leverage usage. The equity ratio remains strong, highlighting a solid capital structure. However, fluctuations in cash and short-term investments could indicate liquidity management issues.
Cash Flow
40
Negative
The cash flow statement reveals significant challenges. Operating cash flow has been negative for several years, indicating potential issues with core business profitability. Free cash flow is also negative, suggesting the company is struggling to generate cash after capital expenditures. The operating cash flow to net income ratio is unfavorable, highlighting a disconnect between reported earnings and cash generation.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue6.65B7.54B6.92B6.98B5.96B5.64B
Gross Profit6.65B7.54B6.92B6.98B5.96B5.64B
EBITDA0.000.000.001.83B702.51M0.00
Net Income537.99M621.05M732.43M979.90M401.96M1.20B
Balance Sheet
Total Assets1.13T1.12T1.08T1.08T1.01T1.04T
Cash, Cash Equivalents and Short-Term Investments87.42B33.04B93.17B88.67B82.39B98.02B
Total Debt24.11B11.00B17.59B17.66B9.05B6.00B
Total Liabilities1.05T1.04T1.00T1.00T925.62B957.91B
Stockholders Equity80.04B79.61B79.33B80.77B79.88B79.45B
Cash Flow
Free Cash Flow-24.31B-58.13B-8.10B22.12B-27.81B-51.52B
Operating Cash Flow-23.89B-57.74B-7.66B22.34B-27.61B-50.89B
Investing Cash Flow-8.93B27.93B6.44B-15.69B41.38B64.24B
Financing Cash Flow35.43B41.29B-1.00B7.82B-38.35B-38.99B

Shengjing Bank Co. Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.57
Price Trends
50DMA
1.30
Positive
100DMA
1.24
Positive
200DMA
1.15
Positive
Market Momentum
MACD
0.08
Positive
RSI
76.12
Negative
STOCH
63.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2066, the sentiment is Positive. The current price of 1.57 is above the 20-day moving average (MA) of 1.47, above the 50-day MA of 1.30, and above the 200-day MA of 1.15, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 76.12 is Negative, neither overbought nor oversold. The STOCH value of 63.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2066.

Shengjing Bank Co. Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
HK$2.65T5.206.07%-3.35%0.58%
77
Outperform
HK$1.55T4.916.18%-1.13%2.56%
74
Outperform
HK$1.12T7.314.70%-3.23%1.81%
73
Outperform
HK$2.49T5.899.09%5.06%-1.70%11.36%
72
Outperform
HK$189.38B5.958.74%-7.28%-5.00%
56
Neutral
HK$13.63B23.900.69%-6.29%-6.68%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2066
Shengjing Bank Co. Ltd. Class H
1.57
-0.20
-11.30%
HK:0440
Dah Sing Financial Holdings
33.70
9.29
38.07%
HK:2356
Dah Sing Banking Group
9.86
2.89
41.46%
HK:6190
Bank of Jiujiang Co., Ltd. Class H
3.00
-2.56
-46.02%
HK:1578
Bank of Tianjin Co., Ltd. Class H
2.47
0.53
26.99%
HK:2558
Jinshang Bank Co., Ltd. Class H
1.39
-0.09
-6.08%

Shengjing Bank Co. Ltd. Class H Corporate Events

Shengjing Bank Announces 2024 Annual General Meeting and Strategic Expansion Plans
Apr 30, 2025

Shengjing Bank Co., Ltd. has announced its 2024 Annual General Meeting to be held on June 13, 2025, in Shenyang, China. The meeting will address several key resolutions, including the approval of financial reports, profit distribution, and the appointment of auditors. A significant proposal involves the acquisition of shares from other shareholders of several village banks, with plans to restructure them into branches, indicating a strategic move to consolidate and expand its operations.

Shengjing Bank Announces Director Resignation and New Nomination
Apr 28, 2025

Shengjing Bank Co., Ltd. announced the resignation of Mr. Wang Jun as a non-executive director and audit committee member due to reaching the statutory retirement age. The bank expressed gratitude for his contributions. Concurrently, Mr. Li Weiming has been nominated as a candidate for non-executive director, bringing extensive experience from various managerial roles in state-owned enterprises. This transition is expected to maintain the bank’s strategic direction and governance stability.

Shengjing Bank Co., Ltd. Announces Board Composition and Committee Roles
Apr 28, 2025

Shengjing Bank Co., Ltd. has announced the composition of its board of directors and their respective roles within various committees. The announcement outlines the leadership structure, which includes executive, non-executive, and independent non-executive directors, highlighting the bank’s governance framework. This organizational update may influence the bank’s strategic direction and operational focus, impacting stakeholders and potentially affecting its market positioning.

Shengjing Bank Releases 2024 Annual Results
Mar 28, 2025

Shengjing Bank Co., Ltd. has announced its audited annual results for the year ending December 31, 2024, which have been prepared in accordance with IFRS Accounting Standards. The results have been reviewed and confirmed by the bank’s board and audit committee, and are available on the websites of the Hong Kong Stock Exchange and the bank. This announcement reflects the bank’s commitment to transparency and adherence to international accounting standards, potentially impacting its credibility and stakeholder trust.

Shengjing Bank to Review Annual Results and Dividend Proposal
Mar 18, 2025

Shengjing Bank Co., Ltd. has announced that its board of directors will hold a meeting on March 28, 2025, to consider and approve the annual results for the year ended December 31, 2024, and to discuss the recommendation of a final dividend. This meeting is significant for stakeholders as it will provide insights into the bank’s financial performance and potential dividend payouts, impacting investor confidence and market positioning.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 01, 2025