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China Bohai Bank Co., Ltd. Class H (HK:9668)
:9668

China Bohai Bank Co., Ltd. Class H (9668) AI Stock Analysis

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HK:9668

China Bohai Bank Co., Ltd. Class H

(9668)

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Neutral 55 (OpenAI - 5.2)
Rating:55Neutral
Price Target:
HK$0.95
▲(2.47% Upside)
Action:ReiteratedDate:12/30/25
The score is held back mainly by weak cash-flow consistency and bearish technical signals (negative MACD and price below key moving averages). Offsetting these risks are the strong 2024 revenue rebound, improved leverage metrics, and a very low P/E that suggests inexpensive valuation.
Positive Factors
Revenue Growth
The significant revenue growth in 2024 indicates a strong recovery and potential for sustained top-line expansion, enhancing the bank's market position.
Improved Leverage
Lower leverage enhances financial stability and flexibility, allowing the bank to better manage economic fluctuations and invest in growth opportunities.
Governance Strengthening
Strengthened governance structures improve oversight and risk management, aligning with regulatory standards and boosting investor confidence in the bank's management.
Negative Factors
Cash Flow Volatility
Volatile cash flow undermines financial predictability and can strain liquidity, posing risks to the bank's ability to fund operations and growth consistently.
Modest Profitability
Modest profitability relative to the capital base suggests challenges in achieving strong returns, potentially limiting reinvestment capacity and shareholder value creation.
Asset Disposal
Asset disposal indicates a need to improve asset quality and capital utilization, which may reflect underlying issues with asset management and risk exposure.

China Bohai Bank Co., Ltd. Class H (9668) vs. iShares MSCI Hong Kong ETF (EWH)

China Bohai Bank Co., Ltd. Class H Business Overview & Revenue Model

Company DescriptionChina Bohai Bank Co., Ltd. provides various personal and corporate banking products and services in the People's Republic of China. The company offers time deposits, personal savings and settlement accounts, and current deposit accounts of foreign currency cash and exchange. It also provides personal unsecured, mortgage, and business loans; working capital and fixed asset loans, loans for construction of low-rent houses, and operating property mortgage loans; combined guarantee credit, collective guarantee loans, business mortgage loans, and commercial installment loans; financing for micro and small-sized enterprises, as well as business loans, bank acceptances, discounting, and L/C services; and trade and supply chain finance. In addition, the company offers debit cards; life and other insurance products; cash and wealth management, foreign exchange, foreign exchange trading, inward and outward foreign currency remittance, export and import collection, export L/C advising and payment, cross-border RMB settlement, investment banking, custody, and treasury and money market services; securities investment funds; and online, mobile, and phone banking services. As of December 31, 2021, it operated 289 outlets, including 34 tier-one branches, 32 tier-two branches, 192 sub-branches, 29 community and micro sub-branches, and 1 overseas branch. China Bohai Bank Co., Ltd. was incorporated in 2005 and is headquartered in Tianjin, the People's Republic of China.
How the Company Makes MoneyChina Bohai Bank Co., Ltd. generates revenue through various streams that are typical for commercial banks. The primary sources of income include interest income from loans and advances to customers, fees and commissions from a variety of financial services, and trading income from market operations. The bank earns interest by lending capital to individuals and businesses, while also paying interest on customer deposits at a lower rate, thus capturing the interest rate spread. Fee-based revenue arises from services such as wealth management, foreign exchange transactions, and payment processing. Additionally, China Bohai Bank leverages its financial market operations to generate trading income, contributing to its overall profitability. Partnerships with fintech companies and other financial institutions also play a role in expanding the bank's service offerings and customer base, enhancing its revenue potential.

China Bohai Bank Co., Ltd. Class H Financial Statement Overview

Summary
Income statement trends are improving (sharp 2024 revenue rebound and ~21% net margin), and leverage metrics improved materially in 2024 (lower debt-to-equity). However, balance-sheet profitability is only modest (ROE ~4.8%), and cash flow quality is the key weakness with 2024 operating and free cash flow turning sharply negative versus prior-year inflows.
Income Statement
62
Positive
Revenue rebounded sharply in 2024 (annual revenue growth of ~62.7%) after a weaker 2023, suggesting a meaningful top-line recovery. Profitability remains solid with 2024 net margin around ~21%, but margins are below prior years (roughly low-30% net margins in 2020–2021), indicating some pressure on earnings quality. Net income has also been relatively stable-to-down versus the 2020–2021 range, so the growth story is positive recently but not yet consistently compounding.
Balance Sheet
58
Neutral
The balance sheet is large and growing (assets up versus prior years), and reported leverage improved materially in 2024 with debt-to-equity down to ~0.56 versus ~2.2–2.6 in 2020–2023, which is a notable positive shift. However, returns on equity are modest (mid-single digits recently, ~4.8% in 2024), implying profitability is not strong relative to the capital base. Equity is broadly stable, but the combination of only moderate returns and historically higher leverage keeps the overall balance-sheet profile mixed.
Cash Flow
34
Negative
Cash generation is the weakest area due to volatility: operating cash flow swung from strong inflows in 2023 to a large outflow in 2024 (about -30.0B), pulling free cash flow negative as well. While earlier years show strong cash conversion (operating cash flow covering net income by ~3x in 2020–2021 and ~3.5x in 2023), the 2024 reversal raises concern around consistency and working-capital/operating flow variability. Overall, cash flow is less predictable than earnings, which increases risk.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue16.11B25.07B15.88B65.10B64.88B19.27B
Gross Profit16.11B25.07B15.88B17.41B20.52B19.27B
EBITDA0.007.08B0.008.14B0.000.00
Net Income5.39B5.26B5.08B6.11B8.63B8.44B
Balance Sheet
Total Assets1.82T1.84T1.73T1.66T1.58T1.39T
Cash, Cash Equivalents and Short-Term Investments100.87B171.63B142.12B142.71B152.41B130.93B
Total Debt325.83B294.76B272.04B280.91B246.65B229.29B
Total Liabilities1.71T1.73T1.62T1.55T1.48T1.29T
Stockholders Equity113.32B110.12B114.40B109.95B106.56B103.25B
Cash Flow
Free Cash Flow-25.27B-30.61B80.71B25.96B82.42B51.69B
Operating Cash Flow-24.80B-30.05B81.31B26.83B82.99B52.09B
Investing Cash Flow-67.50B-43.31B-59.11B-65.25B-76.07B-63.58B
Financing Cash Flow90.04B128.07B30.93B23.41B5.88B34.35B

China Bohai Bank Co., Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.93
Price Trends
50DMA
0.90
Negative
100DMA
0.94
Negative
200DMA
0.97
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
43.70
Neutral
STOCH
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9668, the sentiment is Negative. The current price of 0.93 is above the 20-day moving average (MA) of 0.89, above the 50-day MA of 0.90, and below the 200-day MA of 0.97, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.70 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9668.

China Bohai Bank Co., Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
66
Neutral
HK$17.31B4.211.89%-5.02%-3.28%
64
Neutral
HK$13.90B1.904.62%6.13%-3.34%-22.01%
59
Neutral
HK$15.03B3.847.19%5.32%-1.24%4.34%
58
Neutral
HK$15.31B3.555.34%3.57%6.65%16.74%
57
Neutral
HK$12.43B1.683.11%4.24%-7.58%12.65%
55
Neutral
HK$15.45B1.885.51%-5.76%18.15%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:9668
China Bohai Bank Co., Ltd. Class H
0.87
-0.01
-1.14%
HK:6196
Bank of Zhengzhou Co., Ltd. Class H
1.07
0.09
9.07%
HK:1578
Bank of Tianjin Co., Ltd. Class H
2.29
0.67
41.18%
HK:9677
Weihai City Commercial Bank Co., Ltd. Class H
2.56
-0.31
-10.80%
HK:1216
Zhongyuan Bank Co., Ltd. Class H
0.34
0.03
10.03%
HK:6199
Bank of Guizhou Co. Ltd. Class H
1.03
-0.02
-1.90%

China Bohai Bank Co., Ltd. Class H Corporate Events

China Bohai Bank Wins Approval for Articles Overhaul, Dissolves Board of Supervisors
Dec 29, 2025

China Bohai Bank has secured regulatory approval from the National Financial Regulatory Administration for amendments to its Articles of Association, which take effect on 19 December 2025. Following these changes, the bank has formally dissolved its Board of Supervisors, with all incumbent supervisors stepping down and confirming there are no disputes or issues requiring disclosure to shareholders, creditors or the Hong Kong Stock Exchange; the move marks a significant adjustment to the bank’s corporate governance structure and aligns its constitutional documents with current regulatory expectations.

China Bohai Bank Strengthens Governance Rules for Nomination and Remuneration Committee
Dec 29, 2025

China Bohai Bank has updated the terms of reference for its Board-level Nomination and Remuneration Committee, refining the governance framework that oversees the selection of directors and senior management and the design of their remuneration. The revised document formalizes requirements for committee composition, including a minimum of five directors, a majority of independent directors, at least one-third financial professionals, and at least one member of a different gender, as well as tenure limits for independent directors and clear procedures for appointment and replacement. By tightening qualification standards and clarifying accountability to the Board, the bank is reinforcing its corporate governance structure, aligning more closely with PRC regulatory expectations and Hong Kong Listing Rules, which may enhance oversight, risk management, and confidence among regulators and investors.

China Bohai Bank Tightens Governance over Director Nomination and Remuneration
Dec 29, 2025

China Bohai Bank has updated the terms of reference for its Board-level Nomination and Remuneration Committee, refining the framework that governs the selection, tenure, and remuneration oversight of directors and senior management. The revised document, approved at multiple board meetings through December 2025, strengthens requirements on committee composition, including a minimum of five directors, a majority of independent directors, at least one-third financial professionals, and at least one member of a different gender, while capping independent directors’ cumulative service on the committee at six years. Members will be nominated by the board chairman and approved by the board, with automatic loss of committee qualification if a member ceases to be a director or no longer meets independence criteria, underscoring the bank’s effort to align with evolving corporate governance standards and enhance oversight of leadership appointments and pay.

China Bohai Bank Raises RMB3.5 Billion in Second Tranche of 2025 Financial Bonds
Dec 19, 2025

China Bohai Bank has completed the issuance of its 2025 Financial Bonds (Tranche 2) in the China national inter-bank bond market, raising a total of RMB3.5 billion. The offering comprises RMB1.5 billion of three-year fixed-rate bonds with a coupon of 1.86% and RMB2.0 billion of three-year floating-rate bonds linked to the one-year Loan Prime Rate with a spread of minus 110 basis points, initially set at 1.90% and reset quarterly. Proceeds will be used to broaden the bank’s funding base, improve the maturity structure of its liabilities, and support the steady development of its business, signaling an effort to strengthen balance-sheet resilience and funding flexibility in a low-rate environment.

China Bohai Bank Names Vice President Xie Kai as Chief Information Officer
Dec 18, 2025

China Bohai Bank has appointed current vice president Xie Kai as its new chief information officer, with his term to begin upon regulatory approval and to run concurrently with his tenure as vice president. Xie, a senior engineer with a doctorate in finance and extensive experience in electronic banking, mobile finance, internet banking and technology management at Agricultural Bank of China, is expected to strengthen the bank’s technology and digital capabilities, highlighting the lender’s strategic emphasis on information technology and digital transformation within China’s competitive banking sector.

China Bohai Bank Completes RMB10 Billion Bond Issuance
Nov 20, 2025

China Bohai Bank Co., Ltd. has successfully completed the issuance of its 2025 Undated Capital Bonds in the China national inter-bank bond market, with a total issue size of RMB10 billion and a coupon rate of 2.37% for the first five years. The proceeds from the bond issuance will be used to replenish the bank’s additional tier 1 capital, potentially strengthening its financial position and enhancing its capital adequacy.

China Bohai Bank Elects New Director at 2025 EGM
Nov 14, 2025

China Bohai Bank Co., Ltd. held its 2025 third Extraordinary General Meeting (EGM) on November 14, 2025, where a new director was elected. The meeting was attended by key directors and was conducted in compliance with relevant laws and regulations. The EGM saw participation from shareholders representing over 81% of the total voting ordinary shares, despite some shares being subject to voting restrictions due to overdue credit.

China Bohai Bank Reports Stable Financial Performance for Nine Months Ending September 2025
Oct 31, 2025

China Bohai Bank Co., Ltd. has released its unaudited financial results for the nine months ending September 30, 2025, reporting an operating income of RMB 19.3 billion and a net profit of RMB 4.99 billion. The bank’s capital adequacy ratios remain compliant with PRC regulatory requirements, with a total net capital of RMB 133.237 billion. The announcement highlights the bank’s stable financial position and adherence to regulatory standards, though it advises caution as the figures are unaudited and subject to adjustments.

China Bohai Bank Announces 2025 Extraordinary General Meeting and Strategic Asset Disposal
Oct 24, 2025

China Bohai Bank Co., Ltd. has announced plans for its 2025 Third Extraordinary General Meeting, where it will consider the proposed disposal of certain transferred assets through public tender. The meeting will also address the election of Ms. Cui Hongqin as a Non-executive Director and acknowledge the resignation of Mr. Duan Wenwu from the same position. This strategic move is expected to streamline the bank’s asset management and potentially enhance its operational efficiency, impacting its stakeholders and market positioning.

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.Date of analysis: Dec 30, 2025