Bank of Jiujiang Co., Ltd. Class H (6190) AI Stock Analysis

• Market Cap: HK$4.84B
• Dividend Yield: 3.72%
• Average Volume (3M): 29.53K
• Price to Earnings (P/E): 20.4
• Beta (1Y): -0.01
• Revenue Growth: -8.91%
• EPS Growth: N/A
• Country: HK
• Employees: 5,773
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.01
• Shares Outstanding: 482,367,200
• 10 Day Avg. Volume: 20,140
• 30 Day Avg. Volume: 29,526
• PEG Ratio: -2.83
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 3.23
• P/FCF Ratio: -0.37
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: HK$2.00 ▲(16.96% Upside)

Overall score is held back primarily by financial risks—especially negative/volatile operating and free cash flow and weakening ROE alongside rising leverage. Technicals also remain pressured with price below key long-term moving averages and a negative MACD. Valuation is moderately supportive via the dividend, but the P/E does not look compelling enough to offset these risks.

Positive Factors

2024 Revenue Rebound and Margins

A material top-line rebound in 2024 with mid-teens net margins indicates the bank can restore revenue growth and sustain reasonable profitability after weakness. This supports earnings stability and loan servicing capacity over the medium term if the revenue recovery persists.

Diversified Revenue Sources

A mix of net interest income plus fee-based non-interest income gives the bank multiple earnings levers. Over months, fee diversification can dampen sensitivity to interest-cycle swings and support more stable margins and cash generation versus pure-interest lenders.

Regional Branch Franchise

A physical branch network serving both corporate and retail clients builds persistent deposit relationships and origination capabilities. That local franchise provides structural funding advantages and customer stickiness that support medium-term loan growth and deposit stability.

Negative Factors

Rising Leverage and Weak ROE

Higher leverage reduces capital cushions and increases sensitivity to credit or market shocks. Coupled with a weak, declining ROE, the bank is less efficient at converting equity into returns, constraining capital deployment and dividend capacity over the medium term.

Persistent Negative Cash Flow

Sustained negative operating and free cash flows force reliance on external funding or asset sales to support lending and operations. Over 2–6 months this increases funding risk, raises liquidity costs, and limits ability to absorb credit losses or invest in growth initiatives.

Revenue Volatility and Below-Peak Sales

Volatile revenues and a failure to regain prior peak scale signal inconsistent franchise growth and reduced predictability of earnings. This undermines planning for credit provisioning, capital allocation, and long-term cost recovery, increasing execution risk across operating cycles.

Bank of Jiujiang Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Bank of Jiujiang Co., Ltd. provides various banking and financial products and services for individuals, corporate customers, and small and micro enterprises in the People's Republic of China. It operates through Corporate Banking, Retail Banking, and Financial Market Business segments. The company offers demand, time, pledged, and corporate deposit products, as well as certificates of deposit; personal loans for consumption and business purposes; residential mortgage loans; personal wealth management services; corporate loans, and green financing products; and trade financing services, as well as debit and credit cards. It also provides various services, including handling domestic and overseas settlements, as well as bill acceptance, settlement, and discounting; issuing financial bonds; acting as agent to issue, settle, and underwrite government bonds; trading of government bonds and financial bonds; inter-bank placements; offering letters of credit services and guarantees; acting as agent on inward and outward payments, and acting as insurance agent; sale of securities investment funds; and safe-box service and other businesses. In addition, the company conducts money market or repurchase transactions, and financial investments, as well as provides online, mobile, telephone, and self-service banking services. As of December 31, 2020, it operated through 13 branches and 262 sub-branches. The company was incorporated in 2000 and is headquartered in Jiujiang, the People's Republic of China.

How the Company Makes Money

Bank of Jiujiang Co., Ltd. generates revenue primarily through interest income from its lending activities, which include providing loans to individuals, small and medium-sized enterprises, and larger corporations. The bank also earns non-interest income from fees and commissions associated with its various financial services, such as wealth management, transaction processing, and advisory services. Additionally, income is generated from trading activities and investments in financial markets. Significant factors contributing to the bank's earnings include its ability to manage credit risk, maintain a diverse portfolio of financial products, and leverage its regional presence in China to capture market opportunities.

Bank of Jiujiang Co., Ltd. Class H Financial Statement Overview

Summary

Bank of Jiujiang presents a stable yet conservative financial position with consistent revenue and strong gross margins. However, the low net margins and ROE suggest profitability might be lagging behind industry peers. The absence of debt is a strong point but requires better equity utilization and cash flow management to enhance financial flexibility and growth potential.

Income Statement

The company shows a consistent revenue stream with a Gross Profit Margin of 100%, indicating all revenue translates to gross profit. However, the Net Profit Margin for 2024 is approximately 17.11%, reflecting typical banking profitability. Revenue grew by 2.24% from 2023 to 2024, suggesting moderate growth. EBIT and EBITDA margins are healthy, although there's room for improvement in cost management.

Balance Sheet

The Bank of Jiujiang has zero debt, which is a strong position for stability. The Equity Ratio is 8.08%, indicating moderate equity levels against total assets. Return on Equity is 1.78%, which is low, reflecting modest profitability relative to shareholder equity. The balance sheet is stable, but there is a need for improved ROE.

Cash Flow

The cash flow statement shows significant negative Free Cash Flow due to large operating cash outflows, reflecting potential liquidity concerns. The Free Cash Flow to Net Income ratio is high, indicating inefficiency in converting income to free cash flow. There's a need for improved cash flow management to sustain operations without depleting cash reserves.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.53B	4.35B	4.25B	5.27B	5.08B	5.01B
Gross Profit	2.53B	9.55B	4.25B	5.27B	5.08B	5.01B
EBITDA	0.00	1.30B	0.00	2.52B	2.44B	0.00
Net Income	205.93M	744.43M	723.58M	1.62B	1.73B	1.67B
Balance Sheet
Total Assets	519.65B	516.46B	503.85B	479.70B	461.50B	415.79B
Cash, Cash Equivalents and Short-Term Investments	0.00	13.25B	36.75B	35.79B	38.36B	40.74B
Total Debt	0.00	47.63B	37.49B	29.13B	31.81B	3.00B
Total Liabilities	477.93B	473.93B	462.89B	443.29B	426.09B	389.16B
Stockholders Equity	40.93B	41.75B	40.16B	35.63B	34.68B	25.98B
Cash Flow
Free Cash Flow	0.00	-38.30B	-17.62B	-41.36B	268.50M	38.61B
Operating Cash Flow	0.00	-37.85B	-17.02B	-40.95B	1.01B	39.26B
Investing Cash Flow	0.00	7.49B	18.07B	3.53B	266.23M	-8.68B
Financing Cash Flow	0.00	22.24B	10.92B	24.76B	10.29B	-24.76B

Bank of Jiujiang Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.71
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6190, the sentiment is Negative. The current price of 1.71 is above the 20-day moving average (MA) of 1.70, below the 50-day MA of 1.76, and below the 200-day MA of 3.27, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 47.21 is Neutral, neither overbought nor oversold. The STOCH value of 45.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6190.

Bank of Jiujiang Co., Ltd. Class H 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%
2558	66 Neutral	HK$8.23B	4.29	6.81%	6.22%	-1.76%	-11.39%
1578	64 Neutral	HK$14.45B	3.50	5.84%	6.13%	-3.34%	-22.01%
6199	59 Neutral	HK$14.44B	3.58	7.71%	5.32%	-1.24%	4.34%
1216	57 Neutral	HK$12.24B	4.09	3.11%	4.24%	-7.58%	12.65%
9668	55 Neutral	HK$16.16B	3.39	5.51%	―	-5.76%	18.15%
6190	50 Neutral	HK$4.84B	20.43	0.67%	3.72%	-8.91%	―

Bank of Jiujiang Co., Ltd. Class H Corporate Events

Bank of Jiujiang Gains Regulatory Nod to Amend Articles, Scrap Board of Supervisors

Bank of Jiujiang Co., Ltd. has received approval from the Jiangxi office of the National Financial Regulatory Administration for amendments to its Articles of Association, which took effect upon regulatory sign-off. Following this approval, the bank has formally cancelled its Board of Supervisors, transferring all supervisory powers and functions required under PRC company law and financial regulations to the Audit Committee of the Board, dissolving the Board of Supervisors’ special committees, and abolishing related governance rules. The current members of the seventh session of the Board of Supervisors have stepped down from their roles, all confirming they have no disagreements with the Board or matters requiring shareholder or exchange attention, as the bank streamlines its governance structure in line with the updated Articles of Association.

The most recent analyst rating on (HK:6190) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Bank of Jiujiang Co., Ltd. Class H stock, see the HK:6190 Stock Forecast page.

Bank of Jiujiang Announces Board of Directors and Committee Roles

Bank of Jiujiang Co., Ltd. has announced the list of its board of directors and their respective roles and functions. The board comprises executive, non-executive, and independent non-executive directors, and has established seven committees to oversee various aspects of the bank’s operations. This announcement clarifies the governance structure of the bank, potentially impacting its strategic direction and stakeholder engagement.

Bank of Jiujiang Enhances Governance with New Committee

Bank of Jiujiang Co., Ltd. has established a Nomination and Remuneration Committee under its Board of Directors to enhance corporate governance. This committee is tasked with overseeing the selection and assessment of directors and senior management, as well as managing their remuneration. The committee’s responsibilities include developing appointment procedures, reviewing compensation systems, and assessing board performance, thereby aiming to optimize the board’s composition and align it with the bank’s strategic goals.

Bank of Jiujiang Enhances Governance with New Committee

Bank of Jiujiang Co., Ltd. has established a Nomination and Remuneration Committee to enhance its corporate governance structure. This committee is responsible for overseeing the selection and assessment of directors and senior management, as well as managing their remuneration. The formation of this committee aims to optimize the board’s composition and ensure transparent and effective governance practices, potentially impacting the bank’s operational efficiency and stakeholder confidence.

Bank of Jiujiang Proposes Share Issuance to Strengthen Capital

Bank of Jiujiang Co., Ltd. announced a proposed non-public issuance of up to 860 million Domestic Shares and 175 million H Shares to eligible subscribers to replenish its core tier-one capital. This move aims to enhance the bank’s risk resilience and optimize its equity structure. The issuance may involve substantial shareholder subscribers, constituting a connected transaction requiring independent shareholder approval. Amendments to the Articles of Association will be made to reflect changes in the bank’s capital structure upon completion of the issuance.

Bank of Jiujiang Announces Board Committee Reshuffle

Bank of Jiujiang Co., Ltd. announced adjustments to the composition of its Board’s special committees, effective from October 31, 2025. Ms. Wang Wanqiu and Mr. Guo Jiequn, both independent non-executive Directors, have been reassigned between the Nomination and Remuneration Committee and the Consumer Rights Protection Committee. These changes reflect the Bank’s ongoing efforts to optimize its governance structure, potentially impacting its strategic focus on consumer rights and executive management.