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:UpgradedDate: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
Business model diversification
The bank generates revenue from both net interest income and fee-based non-interest services (settlement, remittances, cards, trade, wealth). This diversified income mix reduces reliance on a single rate environment, supports more stable long-term revenue, and offers multiple channels for growth.
Negative Factors
Volatile cash generation
Material swings in operating and free cash flow, including deeply negative years, indicate inconsistent cash conversion. That volatility limits the bank’s predictable capacity to fund loan growth, absorb credit losses or reliably support distributions, increasing funding and liquidity management risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model diversification
The bank generates revenue from both net interest income and fee-based non-interest services (settlement, remittances, cards, trade, wealth). This diversified income mix reduces reliance on a single rate environment, supports more stable long-term revenue, and offers multiple channels for growth.
Read all positive factors
Huishang Bank (3698) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$69.73B
Dividend Yield7.06%
Average Volume (3M)2.05M
Price to Earnings (P/E)2.5
Beta (1Y)0.37
Revenue Growth-1.22%
EPS Growth9.13%
CountryHK
Employees12,837
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.53
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)1.19
Revenue Forecast (FY)HK$39.98B
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
Positive
3.23
Price Trends
4.16
Positive
3.75
Positive
3.59
Positive
Market Momentum
0.24
Negative
76.32
Negative
86.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3698, the sentiment is Positive. The current price of 3.23 is below the 20-day moving average (MA) of 4.60, below the 50-day MA of 4.16, and below the 200-day MA of 3.59, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 76.32 is Negative, neither overbought nor oversold. The STOCH value of 86.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$69.73B | 2.48 | 9.94% | 7.06% | -1.22% | 9.13% | |
71 Outperform | HK$93.32B | 5.19 | 6.36% | 5.16% | -2.20% | 3.81% | |
68 Neutral | HK$38.68B | 4.45 | 9.33% | 5.69% | 8.71% | 10.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$33.61B | 3.97 | 12.57% | 4.45% | ― | ― | |
56 Neutral | HK$23.08B | 5.83 | 6.51% | 7.99% | -8.83% | -16.92% | |
54 Neutral | HK$16.01B | -6.21 | 3.77% | 1.89% | ― | ― |
* Financial Sector Average
HK:3698
Huishang Bank
5.19
2.46
89.76%
HK:3618
Chongqing Rural Commercial Bank Co
7.06
1.43
25.40%
HK:9889
Dongguan Rural Commercial Bank Co Ltd Class H
3.36
0.41
13.98%
HK:3866
Bank of Qingdao Co., Ltd. Class H
4.90
1.39
39.52%
HK:1963
Bank of Chongqing Co., Ltd. Class H
8.29
0.91
12.27%
HK:6196
Bank of Zhengzhou Co., Ltd. Class H
1.00
0.10
10.86%
Huishang Bank Corporate Events
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...
Huishang Bank Adopts Alternative Public-Float Threshold Under HKEX Rules
Feb 6, 2026
Huishang Bank Corporation Limited announced that its board has approved a shift to rely on the Hong Kong Stock Exchange’s Alternative Threshold, rather than the Initial Prescribed Threshold, to meet the minimum public float requirement under...
Huishang Bank Shareholders Approve Governance Restructuring, Reject Interim Dividend Plan
Feb 2, 2026
Huishang Bank reported the poll results of its 2026 first extraordinary general meeting, where shareholders representing about 82% of the bank’s issued share capital participated in person or by proxy. Investors approved the abolishment of t...
Huishang Bank Withdraws Proposed Interim Dividend After Shareholder Vote Fails
Feb 2, 2026
Huishang Bank has withdrawn a proposed interim cash dividend of RMB 1.87 per 10 shares for the six months ended 30 June 2025, after a supplemental ordinary resolution put forward by proposing shareholders failed to secure majority approval at the ...
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.