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Chongqing Rural Commercial Bank Co
(3618)
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Rating:62Neutral
Price Target:
HK$6.50
Action:Downgraded
Date:06/15/26
The score is held back primarily by mixed financial quality—especially the sharp deterioration in TTM operating/free cash flow and elevated leverage—despite strong headline profitability. Technicals are neutral-to-mildly positive, while valuation is a clear strength given the low P/E and high dividend yield.
Positive Factors
High profitability margins
Sustained high TTM net and EBIT margins indicate the franchise earns strong spreads and/or fee mix versus peers. That margin cushion supports earnings resilience through credit cycles, funds capital accumulation and helps maintain dividends and reinvestment capacity over the next several quarters.
Negative Factors
Sharp cash-flow deterioration
A sudden swing to deeply negative OCF and FCF is a structural red flag: it can signal rising working capital needs, accelerated loan disbursements, or non-cash earnings. Persistent negative cash generation heightens liquidity risk and may force reliance on wholesale funding or asset sales over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability margins
Sustained high TTM net and EBIT margins indicate the franchise earns strong spreads and/or fee mix versus peers. That margin cushion supports earnings resilience through credit cycles, funds capital accumulation and helps maintain dividends and reinvestment capacity over the next several quarters.
Read all positive factors
Chongqing Rural Commercial Bank Co (3618) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$79.66B
Dividend Yield5.16%
Average Volume (3M)10.33M
Price to Earnings (P/E)5.8
Beta (1Y)0.36
Revenue Growth-1.33%
EPS Growth7.09%
CountryHK
Employees14,542
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.08
Shares Outstanding2,513,336,200
10 Day Avg. Volume11,948,258
30 Day Avg. Volume10,329,562
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)0.46
Price to Sales (P/S)2.25
P/FCF Ratio3.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$8.46Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.15
Revenue Forecast (FY)HK$30.47B
Chongqing Rural Commercial Bank Co Business Overview & Revenue Model
Company Description
Chongqing Rural Commercial Bank Co., Ltd., along with its subsidiaries, delivers a comprehensive array of banking and financial offerings throughout the People's Republic of China. Its operations are structured into three main divisions: Corporate...
How the Company Makes Money
Chongqing Rural Commercial Bank makes money primarily through (1) net interest income and (2) non-interest income. Net interest income is earned from the spread between interest income on interest-earning assets (mainly loans and advances to custo...
Chongqing Rural Commercial Bank Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
48
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.07B | 27.88B | 52.28B | 22.02B | 54.73B | 56.53B |
| Gross Profit | 23.66B | 22.58B | 27.68B | 22.02B | 28.88B | 31.01B |
| EBITDA | 14.90B | 14.59B | 13.69B | 13.05B | 12.38B | 12.05B |
| Net Income | 12.26B | 12.13B | 11.51B | 10.90B | 10.28B | 9.56B |
Balance Sheet | ||||||
| Total Assets | 1.76T | 1.67T | 1.52T | 1.44T | 1.35T | 1.27T |
| Cash, Cash Equivalents and Short-Term Investments | 63.10B | 136.27B | 18.91B | 240.07B | 147.56B | 169.44B |
| Total Debt | 484.75B | 464.92B | 12.33B | 120.72B | 171.73B | 225.43B |
| Total Liabilities | 1.62T | 1.53T | 1.38T | 1.32T | 1.24T | 1.16T |
| Stockholders Equity | 135.51B | 137.19B | 132.13B | 122.17B | 113.72B | 104.95B |
Cash Flow | ||||||
| Free Cash Flow | -93.34B | 16.97B | 11.15B | 38.42B | 70.29B | 40.35B |
| Operating Cash Flow | -90.61B | 18.66B | 11.64B | 39.46B | 70.90B | 41.23B |
| Investing Cash Flow | -105.79B | 2.32B | -53.10B | 30.84B | -15.31B | -72.05B |
| Financing Cash Flow | 101.18B | 9.62B | 38.21B | -58.62B | -59.93B | 47.37B |
Chongqing Rural Commercial Bank Co Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
Performance Comparison
Chongqing Rural Commercial Bank Co Corporate Events
Chongqing Rural Commercial Bank Wins Extended Deadline to Restore Board Compliance
Jun 18, 2026
Chongqing Rural Commercial Bank has disclosed that, following the death of an independent non-executive director, its board has been out of compliance with Hong Kong Listing Rules requiring at least three independent non-executive directors and th...
Chongqing Rural Commercial Bank Sets 2025 Final Dividend and Clarifies Tax Terms
Jun 17, 2026
Chongqing Rural Commercial Bank has declared a final ordinary dividend for the financial year ended 31 December 2025, set at RMB 1.1755 per 10 shares, with shareholders having the option to receive payment in Hong Kong dollars at a default rate of...
Chongqing Rural Commercial Bank Secures Shareholder Approval for All 2025 AGM Resolutions
May 28, 2026
Chongqing Rural Commercial Bank reported that all resolutions at its 2025 annual shareholders’ meeting on 28 May 2026 were approved by poll, with no treasury shares held and a total of 11.04 billion shares carrying voting rights. The meeting...
Chongqing Rural Commercial Bank Expands Licensed Scope and Updates Registered Domicile
May 22, 2026
Chongqing Rural Commercial Bank has completed registration of amendments to its Articles of Association and secured a renewed business license from the Chongqing Administration for Market Regulation. The update follows regulatory approval from the...
Chongqing Rural Commercial Bank Adds Capital Issuance Resolution to 2025 AGM Agenda
May 12, 2026
Chongqing Rural Commercial Bank has issued a supplemental notice for its 2025 annual shareholders’ meeting, confirming the meeting will proceed as scheduled on 28 May 2026 in Chongqing. The bank will add a special resolution seeking sharehol...
Chongqing Rural Commercial Bank Sets 2025 Annual Shareholders’ Meeting for May 2026
May 7, 2026
Chongqing Rural Commercial Bank has called its 2025 annual shareholders’ meeting for 28 May 2026 in Chongqing, to be held on-site with voting by poll. Shareholders will review the board’s 2025 work report and annual report, consider th...
Chongqing Rural Commercial Bank Updates 2025 Final Dividend Timetable and Tax Details
May 7, 2026
Chongqing Rural Commercial Bank has announced an updated timetable for its proposed final dividend for the year ended 31 December 2025, declaring a payout of RMB 1.1755 per 10 shares, with shareholders able to receive the dividend in Hong Kong dol...
Chongqing Rural Commercial Bank Nominates Two New Independent Non-Executive Directors
Apr 28, 2026
Chongqing Rural Commercial Bank has proposed the nomination of Ms. Cao Shinan and Ms. Gao Yang as independent non-executive directors, following review and approval by its board nomination committee. Both candidates have agreed to the nominations,...
Chongqing Rural Commercial Bank Delivers Q1 2026 Profit Growth on Expanding Balance Sheet
Apr 28, 2026
Chongqing Rural Commercial Bank Co., Ltd. reported unaudited consolidated results for the first quarter ended 31 March 2026, showing solid year-on-year growth in both income and profitability. Operating income rose 8.39% to RMB 7.83 billion and ne...
Chongqing Rural Commercial Bank Reshapes Governance After NFRA Backs Charter Changes
Apr 23, 2026
Chongqing Rural Commercial Bank has secured regulatory approval from the Chongqing office of the NFRA for amendments to its Articles of Association, which took effect upon approval and will be published on both the Hong Kong exchange disclosure pl...
Chongqing Rural Commercial Bank Sets Board Meeting to Approve First-Quarter 2026 Results
Apr 16, 2026
Chongqing Rural Commercial Bank has scheduled a board of directors meeting for 28 April 2026 to review and approve the unaudited quarterly results of the bank and its subsidiaries for the three months ended 31 March 2026. The planned consideration...
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.