Chongqing Rural Commercial Bank Co (3618) AI Stock Analysis

• Market Cap: HK$86.46B
• Dividend Yield: 5.16%
• Average Volume (3M): 10.33M
• Price to Earnings (P/E): 5.2
• Beta (1Y): 0.30
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 14,542
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.28
• Shares Outstanding: 2,513,336,200
• 10 Day Avg. Volume: 11,948,258
• 30 Day Avg. Volume: 10,329,562
• PEG Ratio: 0.81
• Price to Book (P/B): 0.38
• Price to Sales (P/S): 0.97
• P/FCF Ratio: 4.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.13
• Revenue Forecast (FY): HK$29.75B

• Rating: 73 Outperform
• Price Target: HK$7.00
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is primarily supported by attractive valuation (low P/E and strong dividend yield) and generally solid financial performance, especially the improved leverage profile and stable returns. This is partly offset by mixed technical momentum and noted volatility in revenue and cash flows.

Chongqing Rural Commercial Bank Co Business Overview & Revenue Model

Company Description

Chongqing Rural Commercial Bank Co., Ltd., together with its subsidiaries, provides a range of banking and related financial services in the People's Republic of China. It operates in three segments: Corporate Banking, Personal Banking, and Financial Market Operations. The Corporate Banking segment offers financial products and services, including deposit takings, corporate loans, trade financing, financial leasing, and other corporate intermediary services to corporations, government agencies, and financial institutions. The Personal Banking segment provides financial products and services, such as deposit products, personal loans, cards, personal wealth management services, and other types of personal intermediary services to individual customers. The Financial Market Operations segment conducts money market or repurchase transactions; and invests in debt instruments for its own accounts or on behalf of customers. The company also provides mobile banking, Internet banking, and telephone banking services. As of 31 December 2021, it had operated 1,760 branches, including the head office and the business department, 7 branches, 35 first-class sub-branches, 134 second-class sub-branches, 2 community sub-branches, and 1,580 branch offices, as well as 145 self-service 24-hour banking centers. The company was formerly known as Chongqing Rural Credit Union and changed its name to Chongqing Rural Commercial Bank Co., Ltd. in 2008. Chongqing Rural Commercial Bank Co., Ltd. was founded in 1951 and is headquartered in Chongqing, China.

How the Company Makes Money

The company primarily makes money through (1) net interest income and (2) non-interest income. Net interest income is generated by taking customer deposits and other funding sources and deploying those funds into interest-earning assets—mainly customer loans (e.g., retail/consumer, small business, and corporate lending) and, where applicable, investments in financial instruments—earning interest while paying interest to depositors and other funders; the spread between interest earned and interest paid (after funding costs) is the bank’s core earnings driver. Non-interest income is earned from fees and commissions associated with banking services such as payment and settlement, bank card and account service fees, remittance/transfer services, and other service charges; it may also include income from wealth management, agency/insurance-related distribution, custody, and other intermediary services where offered. Additional earnings can come from trading and investment-related activities (e.g., gains/losses and investment income on financial assets) and other operating income, while overall profitability is influenced by credit quality (loan impairment provisions), funding mix (low-cost deposits vs. wholesale funding), interest-rate conditions, regulatory requirements, and the bank’s ability to grow loans and fee-based services within its target markets.

Chongqing Rural Commercial Bank Co Financial Statement Overview

Summary

Financial statements indicate solid fundamentals overall: a strong balance sheet (debt-to-equity improved to ~0.09 and stable ~9% ROE) and good cash conversion (FCF closely tracking net income). The main constraint is volatility in revenue and cash flows across years, which lowers confidence in the consistency of the growth profile.

Income Statement

Profitability is solid for a regional bank, with 2024 net margin around 22% and steady net income growth versus prior years. However, revenue has been volatile (sharp declines in 2022–2023 followed by a very large rebound in 2024), which reduces confidence in the underlying growth trajectory. Margins also appear inconsistent across years, suggesting earnings quality and comparability may fluctuate period to period.

Balance Sheet

The balance sheet shows improved leverage, with 2024 debt-to-equity dropping materially to ~0.09 versus much higher levels in prior years, while equity has grown and assets have continued to expand. Returns on equity have been stable around ~9% across the period, indicating consistent profitability on the capital base. The main watch-out is that leverage has historically been elevated and may move meaningfully year-to-year, which can change risk quickly in a banking model.

Cash Flow

Cash generation is generally strong: free cash flow has consistently tracked close to net income (roughly 96–99% across the years shown), supporting earnings quality. That said, cash flow is volatile, with a steep free cash flow decline in 2024 versus 2023 (and a negative growth rate), and operating cash flow also fell sharply year over year—signaling potential variability in working capital and funding flows typical for banks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	30.10B	52.28B	22.02B	54.73B	56.53B	17.97B
Gross Profit	23.15B	27.68B	22.02B	28.88B	31.01B	17.97B
EBITDA	8.35B	13.69B	0.00	12.38B	12.05B	0.00
Net Income	11.90B	11.51B	10.90B	10.28B	9.56B	8.40B
Balance Sheet
Total Assets	1.66T	1.52T	1.44T	1.35T	1.27T	1.14T
Cash, Cash Equivalents and Short-Term Investments	54.09B	18.91B	240.07B	147.56B	169.44B	264.26B
Total Debt	466.27B	12.33B	120.72B	171.73B	225.43B	22.93B
Total Liabilities	1.52T	1.38T	1.32T	1.24T	1.16T	1.04T
Stockholders Equity	131.57B	132.13B	122.17B	113.72B	104.95B	93.67B
Cash Flow
Free Cash Flow	-86.30B	11.15B	38.42B	70.29B	40.35B	41.58B
Operating Cash Flow	-85.41B	11.64B	39.46B	70.90B	41.23B	42.37B
Investing Cash Flow	-23.54B	-53.10B	30.84B	-15.31B	-72.05B	-37.89B
Financing Cash Flow	110.04B	38.21B	-58.62B	-59.93B	47.37B	-5.69B

Chongqing Rural Commercial Bank Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Chongqing Rural Commercial Bank Co Corporate Events

Chongqing Rural Commercial Bank Sets March 2026 Board Meeting to Approve 2025 Results

Chongqing Rural Commercial Bank Co., Ltd. has scheduled a board meeting for 25 March 2026 to review and approve the consolidated final results of the bank and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the proposal of a final dividend, a decision that could affect shareholder returns and signal management’s view of the bank’s recent performance and capital position.

The announcement also confirms the current composition of the board, led by chairman and executive director Liu Xiaojun alongside executive, non-executive and independent non-executive directors, underscoring the bank’s corporate governance structure as it approaches its annual results approval. The clarification of its regulatory status highlights that while the bank is licensed and supervised in mainland China, it operates under a different regime than Hong Kong-authorised banks, which may shape how investors assess its regulatory and operating environment.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$6.50 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Finalizes 2024 Executive Pay

Chongqing Rural Commercial Bank Co., Ltd. has disclosed and finalized the 2024 pre-tax remuneration for its key executives, including directors and senior management, following approval by the board and its remuneration committee. The figures, which cover roles such as president, vice presidents, and former chairman, reflect state regulations and the bank’s annual operating performance assessment, offering shareholders greater transparency into governance and pay practices.

President and executive director Sui Jun received the highest disclosed pre-tax remuneration at RMB 7.942 million, while other current and former senior leaders, including former chairman Xie Wenhui and former executive director and vice president Zhang Peizong, received between roughly RMB 5 million and RMB 6.7 million. The announcement, released alongside the bank’s 2024 annual report, clarifies that these amounts represent all pre-tax remuneration payable to the persons in charge for the year, underscoring the bank’s effort to align compensation with performance and regulatory requirements.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$6.50 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Reshapes Key Board Committees After New Chairman’s Appointment

Chongqing Rural Commercial Bank has reconfigured the membership of certain special committees of its fifth-session board of directors following the earlier appointment of Liu Xiaojun as chairman and executive director. Liu will now chair both the Strategic Development Committee, joined by board members Ma Bao and Bi Qian, and the Sannong Financial Services Committee, joined by Dong Bin and Li Jiaming, while the composition of other key board committees, including risk management, audit, nomination, remuneration, related-party transactions supervision and consumer rights protection, remains unchanged, indicating a targeted governance adjustment focused on strategy and rural financial services rather than a wholesale overhaul of board oversight structures.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$6.50 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Details Board Composition and Committee Roles

Chongqing Rural Commercial Bank Co., Ltd. has outlined the current composition of its board of directors, comprising two executive directors, three non-executive directors and three independent non-executive directors, reflecting a governance structure that blends management, shareholder and independent oversight. The bank has also detailed the allocation of responsibilities across eight specialised board committees — including strategic development, risk management, audit, nomination, remuneration, related party transaction supervision, “Sannong” financial services and consumer rights protection — with specific directors serving as chairpersons or members, signalling an emphasis on risk control, rural financial services and consumer protection in its corporate governance framework.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$6.50 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Announces Resignation of Non-Executive Director Peng Yulong

Chongqing Rural Commercial Bank Co., Ltd. announced that non-executive director Peng Yulong has resigned from the board and from his roles on the nomination committee and the consumer rights protection committee, effective 23 January 2026, citing personal work arrangements. The bank stated that Peng has no disagreement with the board and that there are no issues related to his departure requiring shareholder or exchange attention, while the board expressed gratitude for his service and confirmed the current composition of executive, non-executive, and independent non-executive directors, indicating an orderly governance transition with limited immediate operational impact.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$6.50 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Details Board Composition and Committee Roles

Chongqing Rural Commercial Bank Co., Ltd. has announced the current composition of its board of directors and detailed the allocation of roles across its eight board committees, including strategic development, risk management, audit, nomination, remuneration, related party transaction supervision, Sannong financial services, and consumer rights protection. The disclosure, which identifies executive, non-executive and independent non-executive directors and specifies which members chair or sit on each committee, underscores the bank’s governance structure and oversight framework, signalling to investors and stakeholders how responsibilities for risk control, strategy, rural financial services and consumer protection are organised at the board level.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$6.50 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Outlines Board Composition and Committee Roles

Chongqing Rural Commercial Bank Co., Ltd. has announced the current composition of its board of directors, comprising executive directors Liu Xiaojun and Sui Jun, non-executive directors Ma Bao, Dong Bin, Yuan Gang and Peng Yulong, and independent non-executive directors Lee Ming Hau, Li Jiaming and Bi Qian. The bank detailed the allocation of responsibilities across its eight board committees, with Sui Jun chairing several key committees, including strategic development, risk management, audit and nomination, and independent directors playing prominent roles in the audit, remuneration, related-party transaction supervision, Sannong financial services and consumer rights protection committees. The clarified governance structure underscores the bank’s emphasis on risk control, regulatory compliance, rural financial services, and consumer protection, providing greater transparency for shareholders and other stakeholders regarding oversight and decision-making roles within the institution.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Names Liu Xiaojun as Chairman and Executive Director

Chongqing Rural Commercial Bank has appointed Liu Xiaojun as its chairman and an executive director, following approvals by the board, shareholders at the 2024 annual general meeting, and the Chongqing office of the National Financial Regulatory Administration. His term runs from 8 January 2026 until the end of the current board session, during which he will also become the bank’s legal representative and is expected to be appointed to relevant board committees, marking a key leadership reshuffle that could shape the bank’s governance and strategic direction under China’s financial regulatory framework.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Sets 30% Payout in 2025 Interim Dividend Plan

Chongqing Rural Commercial Bank has approved an interim profit distribution plan for the first half of 2025, after reporting net profit attributable to the parent company of RMB7.699 billion. The bank will distribute a cash dividend of RMB2.310 billion, equivalent to RMB2.0336 per ten shares (30% of attributable net profit), with any change in total share capital before the equity registration date leading to adjustment of the total distribution amount while keeping the per-share figure unchanged. The interim dividend will be paid on 23 January 2026 to H-share holders on the register as of 15 January 2026, with A-share dividends paid in RMB and H-share dividends paid in HKD at an exchange rate of RMB1.00 to HKD1.102531, resulting in HKD0.224211 per H share. The bank has also announced a temporary closure of the H-share register from 12 to 15 January 2026 to determine dividend entitlements and outlined withholding tax arrangements for non-resident enterprise and individual H-shareholders, underscoring regulatory compliance and clarifying net returns for overseas investors.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$7.55 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Announces Interim Cash Dividend and Sets Tax Treatment for H-Share Investors

Chongqing Rural Commercial Bank Co., Ltd., a Hong Kong-listed mainland Chinese commercial bank serving retail and corporate customers in and around Chongqing, has announced an interim ordinary cash dividend for the six months ended 30 June 2025. The board declared an interim dividend of RMB 2.0336 per 10 shares (equivalent to HKD 2.24211 per 10 shares) for the 2025 financial year, with shareholders’ approval obtained in May 2025. The H-share counter will trade ex-dividend on 8 January 2026, with the record date set for 15 January 2026 and payment due on 23 January 2026, signaling continued capital returns to investors. The announcement also clarifies detailed withholding tax arrangements for different categories of non-resident shareholders and for mainland investors using Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, outlining applicable tax rates of 10–20% and confirming that mainland enterprise shareholders investing via Stock Connect will handle their own tax filings, which may affect the net dividend received by various investor groups.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$7.55 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Reshapes Board Committees After Director Changes

Chongqing Rural Commercial Bank has adjusted the composition of the special committees under its board of directors following recent appointments and resignations of non-executive and independent non-executive directors. To ensure continuous, effective performance of board oversight functions and compliance with Hong Kong listing rules and its own governance procedures, the bank has reconstituted its strategic development, risk management, audit, nomination, remuneration and related party transaction supervision committees, designating new chairs and members across these key governance bodies.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$7.55 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.

Chongqing Rural Commercial Bank Details Board Composition and Committee Roles

Chongqing Rural Commercial Bank Co., Ltd. has announced the current composition of its board of directors, comprising one executive director, four non-executive directors and three independent non-executive directors, together with a detailed allocation of their roles across eight board committees. The updated list clarifies chairmanships and memberships of key committees such as strategic development, risk management, audit, nomination, remuneration, related party transaction supervision, Sannong financial services and consumer rights protection, underscoring the bank’s governance framework and oversight structure for risk, strategy and stakeholder protection.

The most recent analyst rating on (HK:3618) stock is a Buy with a HK$7.55 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.