Huishang Bank Corporation Limited Class H (HK:3698)
:3698
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Huishang Bank
(3698)
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Rating:72Outperform
Price Target:
HK$5.50
▲(70.28% Upside)
Action:Upgraded
Date:03/28/26
The score is driven by very strong valuation (low P/E and high dividend yield) and supportive technical uptrend signals. Offsetting these positives, financial performance is moderated by elevated risk from a sharp 2025 leverage increase and highly volatile operating/free cash flow history.
Positive Factors
Multi-year Revenue Growth
Consistent, multi-year revenue growth with a 2025 acceleration indicates durable demand for the bank's core lending and fee products. Sustained top-line expansion supports scale benefits, underpins net interest income generation and provides a structural base for earnings over the next 2–6 months.
Negative Factors
Leverage Spike
A sharp jump to ~3.36 debt-to-equity materially raises funding and solvency risk, making the bank more sensitive to interest-rate and liquidity shocks. Elevated leverage can constrain regulatory flexibility, increase funding costs and limit durable capacity to expand lending without capital actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Consistent, multi-year revenue growth with a 2025 acceleration indicates durable demand for the bank's core lending and fee products. Sustained top-line expansion supports scale benefits, underpins net interest income generation and provides a structural base for earnings over the next 2–6 months.
Read all positive factors
Huishang Bank (3698) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$70.42B
Dividend Yield7.06%
Average Volume (3M)2.05M
Price to Earnings (P/E)1.4
Beta (1Y)0.41
Revenue Growth-1.22%
EPS Growth9.13%
CountryHK
Employees12,837
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.14
Shares Outstanding3,478,750,000
10 Day Avg. Volume1,309,640
30 Day Avg. Volume2,047,238
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)0.24
Price to Sales (P/S)0.52
P/FCF Ratio1.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.99Price Target Upside85.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.24
Revenue Forecast (FY)HK$40.35B
Huishang Bank Business Overview & Revenue Model
Company Description
Huishang Bank Corporation Limited, together with its subsidiaries, provides various commercial banking products and services in the People's Republic of China. The company operates through four segments: Corporate Banking, Retail Banking, Treasury...
How the Company Makes Money
Huishang Bank primarily earns money through (1) net interest income and (2) non-interest income. Net interest income is generated from the spread between interest earned on assets—mainly corporate and retail loans and, to a lesser extent, investme...
Huishang Bank Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
49
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 76.40B | 33.76B | 27.80B | 29.36B | 22.16B |
| Gross Profit | 31.81B | 33.76B | 27.80B | 29.36B | 22.16B |
| EBITDA | 19.14B | 0.00 | 0.00 | 18.35B | 14.54B |
| Net Income | 16.10B | 15.41B | 14.43B | 13.40B | 11.46B |
Balance Sheet | |||||
| Total Assets | 2.33T | 2.01T | 1.81T | 1.58T | 1.38T |
| Cash, Cash Equivalents and Short-Term Investments | 89.06B | 24.78B | 27.51B | 36.57B | 19.72B |
| Total Debt | 564.91B | 69.41B | 182.65B | 218.96B | 32.42B |
| Total Liabilities | 2.16T | 1.85T | 1.66T | 1.46T | 1.27T |
| Stockholders Equity | 167.95B | 157.45B | 142.98B | 119.61B | 108.56B |
Cash Flow | |||||
| Free Cash Flow | 27.96B | -159.44B | 89.96B | 49.63B | 36.19B |
| Operating Cash Flow | 28.82B | -158.87B | 90.58B | 50.19B | 37.01B |
| Investing Cash Flow | -313.75B | -69.00B | -60.80B | -64.96B | -36.19B |
| Financing Cash Flow | 278.90B | 227.02B | -33.63B | 28.28B | -9.31B |
Huishang Bank Technical Analysis
Neutral
3.23
Price Trends
4.73
Positive
4.11
Positive
3.76
Positive
Market Momentum
0.10
Positive
57.70
Neutral
56.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3698, the sentiment is Neutral. The current price of 3.23 is below the 20-day moving average (MA) of 5.08, below the 50-day MA of 4.73, and below the 200-day MA of 3.76, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 57.70 is Neutral, neither overbought nor oversold. The STOCH value of 56.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3698.
Huishang Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$39.38B | 3.55 | 9.70% | 5.69% | 11.27% | 12.75% | |
72 Outperform | HK$70.42B | 1.37 | 9.94% | 7.06% | -1.22% | 9.13% | |
71 Outperform | HK$87.24B | 4.35 | 9.19% | 5.16% | -1.33% | 7.09% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$33.68B | 3.69 | 12.90% | 4.45% | ― | ― | |
56 Neutral | HK$24.87B | 4.55 | 6.51% | 7.99% | -8.83% | -16.92% | |
46 Neutral | HK$15.75B | 1.92 | 3.77% | 1.89% | ― | ― |
* Financial Sector Average
HK:3698
Huishang Bank
5.04
2.08
70.27%
HK:3618
Chongqing Rural Commercial Bank Co
6.78
0.25
3.84%
HK:9889
Dongguan Rural Commercial Bank Co Ltd Class H
3.60
0.21
6.13%
HK:3866
Bank of Qingdao Co., Ltd. Class H
4.69
0.88
23.16%
HK:1963
Bank of Chongqing Co., Ltd. Class H
8.36
0.43
5.40%
HK:6196
Bank of Zhengzhou Co., Ltd. Class H
1.01
0.06
6.20%
Huishang Bank Corporate Events
Huishang Bank Sets 2025 AGM to Vote on Results, Capital Plans and A-Share IPO Extension
May 14, 2026
Huishang Bank has scheduled its 2025 annual general meeting for June 30, 2026, in Hefei, where shareholders will vote on its 2025 financial accounts, profit distribution plan, 2026 capital expenditure budget, and the appointment of external audito...
Huishang Bank Updates Final 2025 Dividend Timetable and Key Details
May 14, 2026
Huishang Bank Corporation Limited has updated details of its final cash dividend for the financial year ended 31 December 2025, declaring a payout of RMB 2.5 per 10 shares, inclusive of tax. The update confirms shareholder approval is scheduled fo...
Huishang Bank Posts Solid Q1 2026 Profit and Capital Ratios on Unaudited Basis
Apr 28, 2026
Huishang Bank reported unaudited total assets of RMB 2.43 trillion and total liabilities of RMB 2.25 trillion as of 31 March 2026, with owners’ equity of RMB 178.02 billion and a net profit of RMB 4.996 billion for the first quarter, based o...
Huishang Bank Streamlines Governance as Regulators Approve New Articles
Apr 14, 2026
Huishang Bank has obtained regulatory approval from the National Financial Regulatory Administration Anhui Office for its amended Articles of Association, which incorporate previously approved changes from both its 2024 annual general meeting and ...
Huishang Bank Sets Expected August 2026 Payout Date for 2025 Final Dividend
Mar 31, 2026
Huishang Bank Corporation Limited, a Hong Kong-listed Chinese commercial bank, has announced an ordinary final cash dividend of RMB 2.5 per 10 shares for the financial year ended 31 December 2025. Key details such as the default payment currency, ...
Huishang Bank Proposes Tax-Inclusive Final Dividend for 2025
Mar 26, 2026
Huishang Bank Corporation Limited has proposed a final ordinary cash dividend of RMB 2.5 per 10 shares for the financial year ended 31 December 2025, subject to shareholder approval. The payout, stated as tax-inclusive, signals the bank’s in...
Huishang Bank Publishes Audited 2025 Annual Results and Detailed Report Structure
Mar 26, 2026
Huishang Bank has released its audited annual results for the year ended 31 December 2025 and made its full 2025 annual report available through the Hong Kong stock exchange disclosure platform and the bank’s own website. The disclosure, app...
Huishang Bank Seeks Another Extension for Long‑Pending A Share IPO Plan
Mar 26, 2026
Huishang Bank has proposed another 12‑month extension of its long‑running A share initial public offering and listing plan on the mainland, keeping the framework of the A Share Offering Plan unchanged while aiming to ensure the transac...
Huishang Bank Sets March 26 Board Meeting to Approve 2025 Annual Results
Mar 16, 2026
Huishang Bank has scheduled a board meeting for March 26, 2026, to review and approve the annual results of the bank and its subsidiaries for the financial year ended December 31, 2025, and to decide on the publication of those results. The board ...
Huishang Bank Issues Positive Profit Alert on Strong 2025 Growth and Asset Quality
Mar 6, 2026
Huishang Bank has reported a solid set of preliminary 2025 figures, with total assets surpassing RMB2.3 trillion, up about 15.5% year on year, and operating income rising 1.2% to roughly RMB37.67 billion. Net profit grew around 6.3% to RMB16.93 bi...
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.