Harbin Bank Co., Ltd. Class H (HK:6138)
:6138
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Harbin Bank Co., Ltd. Class H
(6138)
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Select Model
Rating:51Neutral
Price Target:
HK$0.34
▼(-6.39% Downside)
Action:ReiteratedDate:04/01/26
The score is held back mainly by higher balance-sheet risk from the sharp leverage increase, margin compression despite strong 2025 revenue growth, and volatile cash flows. Technical indicators also point to a continuing downtrend. These risks are partly offset by a low P/E that suggests potentially attractive valuation.
Positive Factors
Positive free cash flow in 2025
A positive free cash flow outturn in 2025 (~1.76B) that broadly tracks earnings indicates the bank can generate internal cash to support operations, service liabilities, and fund discretionary investment. Sustained FCF reduces reliance on external funding and aids longer-term financial flexibility.
Negative Factors
Sharp increase in leverage
A rapid jump in leverage materially raises balance-sheet risk, increasing interest and refinancing burdens and constraining capital flexibility. Higher debt-to-equity weakens loss-absorption capacity and makes the bank more sensitive to credit shocks and funding stress over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive free cash flow in 2025
A positive free cash flow outturn in 2025 (~1.76B) that broadly tracks earnings indicates the bank can generate internal cash to support operations, service liabilities, and fund discretionary investment. Sustained FCF reduces reliance on external funding and aids longer-term financial flexibility.
Read all positive factors
Harbin Bank Co., Ltd. Class H (6138) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.79B
Dividend YieldN/A
Average Volume (3M)2.48M
Price to Earnings (P/E)3.1
Beta (1Y)1.29
Revenue Growth0.06%
EPS Growth43.86%
CountryHK
Employees8,860
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)<0.01
Shares Outstanding3,023,569,800
10 Day Avg. Volume2,407,900
30 Day Avg. Volume2,475,566
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.07
Price to Sales (P/S)0.13
P/FCF Ratio1.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Harbin Bank Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Harbin Bank Co., Ltd. provides various commercial banking products and services primarily in Mainland China. It operates through four segments: Corporate Financial Business, Retail Financial Business, Interbank Financial Business, and Other Busine...
How the Company Makes Money
Harbin Bank primarily makes money through (1) net interest income and (2) non-interest income (fees and commissions), consistent with a typical commercial bank model.
1) Net interest income (core earnings)
- Lending vs. funding spread: The bank c...
Harbin Bank Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
41
Neutral
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 26.76B | 13.31B | 6.28B | 6.29B | 5.62B |
| Gross Profit | 3.58B | 13.31B | 6.28B | 6.29B | 5.62B |
| EBITDA | 1.16B | 1.37B | 0.00 | 1.79B | 1.30B |
| Net Income | 1.12B | 919.67M | 739.99M | 554.77M | 274.13M |
Balance Sheet | |||||
| Total Assets | 1.02T | 916.23B | 813.33B | 712.73B | 645.05B |
| Cash, Cash Equivalents and Short-Term Investments | 99.18B | 75.87B | 37.09B | 105.24B | 72.02B |
| Total Debt | 210.92B | 1.14B | 46.41B | 721.46M | 31.90B |
| Total Liabilities | 967.10B | 850.64B | 749.44B | 649.41B | 582.27B |
| Stockholders Equity | 50.61B | 63.16B | 61.60B | 61.17B | 60.79B |
Cash Flow | |||||
| Free Cash Flow | 1.76B | -30.89B | 45.90B | 57.50B | 36.16B |
| Operating Cash Flow | 1.95B | -30.50B | 46.08B | 57.85B | 36.70B |
| Investing Cash Flow | -95.20B | -16.54B | -39.94B | -40.76B | -20.67B |
| Financing Cash Flow | 91.74B | 66.05B | -6.43B | 8.40B | -4.43B |
Harbin Bank Co., Ltd. Class H Technical Analysis
Negative
0.36
Price Trends
0.36
Negative
0.37
Negative
0.40
Negative
Market Momentum
>-0.01
Negative
48.83
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6138, the sentiment is Negative. The current price of 0.36 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.36, and below the 200-day MA of 0.40, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.83 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6138.
Harbin Bank Co., Ltd. Class H 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% | |
66 Neutral | HK$8.06B | 1.84 | 6.28% | 6.22% | -1.76% | -11.39% | |
63 Neutral | HK$5.65B | 3.53 | 9.15% | 5.84% | -3.25% | 22.96% | |
58 Neutral | HK$5.12B | 5.77 | 1.71% | ― | -9.56% | -7.51% | |
52 Neutral | HK$4.10B | 3.86 | 2.08% | 6.21% | -8.55% | 539.20% | |
51 Neutral | HK$3.79B | 3.10 | 1.70% | ― | 0.06% | 43.86% |
* Financial Sector Average
HK:6138
Harbin Bank Co., Ltd. Class H
0.35
0.06
23.21%
HK:1916
Jiangxi Bank Co., Ltd. Class H
0.68
0.04
6.25%
HK:1983
Luzhou Bank Co., Ltd. Class H
2.08
-0.13
-5.88%
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Bank of Gansu Co., Ltd. Class H
0.34
0.12
54.55%
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Jinshang Bank Co., Ltd. Class H
1.38
0.05
3.76%
Harbin Bank Co., Ltd. Class H Corporate Events
Harbin Bank Publishes Audited 2025 Annual Results and Clarifies Hong Kong Regulatory Status
Mar 27, 2026
Harbin Bank Co., Ltd., a PRC‑incorporated joint stock commercial bank listed in Hong Kong, has released its audited annual results for the year ended 31 December 2025. The Group’s financial statements are prepared in Renminbi and audit...
Harbin Bank Shareholders Unanimously Approve New Non-Executive Director
Mar 27, 2026
Harbin Bank Co., Ltd. reported that its first extraordinary general meeting of 2026, held on 27 March in Hong Kong, achieved a high shareholder turnout, with around 75% of issued shares represented. All directors attended, and no shareholders were...
Harbin Bank Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 17, 2026
Harbin Bank Co., Ltd., a joint stock commercial bank incorporated in the PRC and listed in Hong Kong, operates through its subsidiaries to provide banking and financial services, while remaining outside the Hong Kong Monetary Authority’s sup...
Harbin Bank Calls 2026 EGM to Vote on New Non-Executive Director
Mar 9, 2026
Harbin Bank Co., Ltd. has called its first extraordinary general meeting of 2026 to be held on 27 March in Harbin, Heilongjiang Province, to seek shareholder approval for a board change. The sole agenda item is the proposed appointment of Mr. Du X...
Harbin Bank Plans Board Change With New Non-Executive Director Nominee
Feb 13, 2026
Harbin Bank announced a proposed change to its board, as non-executive director Zhang Xianjun will not serve on the ninth session of the board or its Nomination and Remuneration Evaluation Committee due to work relocation, though he will remain in...
Harbin Bank Clarifies Payment Terms for RMB342 Million Distressed Loan Transfer
Jan 30, 2026
Harbin Bank has issued a supplemental announcement detailing the payment structure for the transfer of a specified loan to China Cinda Asset Management’s Tianjin branch, clarifying how consideration will be settled over time. The purchaser h...
Harbin Bank Strengthens Audit Committee Mandate and Governance Framework
Jan 6, 2026
Harbin Bank Co., Ltd. has amended and restated the terms of reference for its Board Audit Committee, reinforcing the committee’s mandate to oversee the bank’s financial reporting, internal controls and supervision of management. The up...
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.