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Weihai City Commercial Bank Co., Ltd. Class H
(9677)
Weihai City Commercial Bank Co., Ltd. Class H (9677) vs. iShares MSCI Hong Kong ETF (EWH)
Weihai City Commercial Bank Co., Ltd. Class H Business Overview & Revenue Model
Weihai City Commercial Bank Co., Ltd. Class H Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.71B | 8.46B | 4.24B | 4.12B | 13.92B | 3.53B |
| Gross Profit | 3.71B | 8.46B | 7.89B | 4.12B | 3.80B | 3.53B |
| EBITDA | 0.00 | 0.00 | 0.00 | 2.45B | 2.43B | 0.00 |
| Net Income | 1.59B | 1.99B | 1.93B | 1.91B | 1.75B | 1.51B |
Balance Sheet | ||||||
| Total Assets | 483.84B | 441.46B | 391.88B | 343.70B | 304.52B | 267.60B |
| Cash, Cash Equivalents and Short-Term Investments | 32.03B | 13.33B | 30.79B | 28.31B | 30.72B | 28.62B |
| Total Debt | 50.65B | 14.70B | 37.80B | 35.67B | 32.99B | 5.00B |
| Total Liabilities | 451.34B | 410.67B | 363.87B | 317.97B | 280.35B | 245.93B |
| Stockholders Equity | 30.55B | 28.90B | 26.24B | 24.15B | 23.26B | 20.91B |
Cash Flow | ||||||
| Free Cash Flow | -13.14B | -19.07B | 8.83B | 5.67B | 6.68B | 4.81B |
| Operating Cash Flow | -12.13B | -17.92B | 11.02B | 6.05B | 6.81B | 4.85B |
| Investing Cash Flow | -19.65B | -16.98B | -16.17B | -10.10B | -15.60B | -14.46B |
| Financing Cash Flow | 29.38B | 36.70B | 618.96M | 886.13M | 1.51B | 2.34B |
Weihai City Commercial Bank Co., Ltd. Class H Technical Analysis
Weihai City Commercial Bank Co., Ltd. Class H Peers Comparison
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$17.26B | 6.91 | ― | 1.89% | -5.02% | -3.28% | |
64 Neutral | HK$14.45B | 3.50 | 5.84% | 6.13% | -3.34% | -22.01% | |
59 Neutral | HK$14.44B | 3.58 | 7.71% | 5.32% | -1.24% | 4.34% | |
58 Neutral | HK$16.09B | 7.29 | 8.48% | 3.57% | 6.65% | 16.74% | |
57 Neutral | HK$12.24B | 4.09 | 3.11% | 4.24% | -7.58% | 12.65% | |
55 Neutral | HK$16.16B | 3.39 | 5.51% | ― | -5.76% | 18.15% |
Weihai City Commercial Bank Co., Ltd. Class H Corporate Events
Weihai Bank has signed a domestic share subscription agreement with Caixin Asset, under which Caixin Asset will conditionally subscribe for up to 327,989,709 new domestic shares at RMB3.29 per share, raising as much as RMB1.08 billion in cash. The share issue, conducted under a specific mandate approved by shareholders, is priced at a significant premium to the recent H-share market price but at a discount to the bank’s latest reported net asset value per share, and all net proceeds are earmarked to supplement the bank’s core Tier 1 capital, potentially strengthening its capital adequacy and supporting future business expansion, subject to fulfillment of conditions for the issuance to proceed.
Weihai Bank Co., Ltd. has completed the issuance of two tranches of onshore financial bonds totaling RMB6 billion in China’s national inter-bank bond market, comprising RMB2 billion in three-year green financial bonds and RMB4 billion in three-year financial bonds dedicated to loans for small and micro enterprises, both carrying a 1.85% coupon. Subject to relevant laws and regulatory approvals, the proceeds will be directed to projects classified under the Green Finance Support Project Catalogue (2025) and to expanding lending to small and micro businesses, underscoring the bank’s strategic push into green finance and inclusive finance while potentially strengthening its funding structure and role in supporting China’s policy priorities for sustainable development and SME financing.
Weihai Bank Co., Ltd. has entered into an H share subscription agreement with Tsinlien Group under which the investor will conditionally subscribe for up to 150 million H shares at RMB3.29 per share, raising up to RMB493.5 million, with all net proceeds earmarked to supplement the bank’s core Tier 1 capital. The issue price represents a roughly 18% premium to the recent market price but a near 20% discount to the bank’s latest reported net asset value per share, and Huatai has been appointed as placing agent to handle settlement and delivery, though the deal remains subject to conditions and may not proceed, warranting caution from shareholders and potential investors.
Weihai City Commercial Bank Co., Ltd., a financial institution providing banking services, has announced updated procedures for its Audit Committee under the Board of Directors. These revisions outline the committee’s general rules, member composition, responsibilities, and procedural frameworks, reflecting the bank’s commitment to strengthening governance and operational oversight.
Weihai City Commercial Bank Co., Ltd. has issued updated rules of procedure for its Nomination and Remuneration Committee under the Board of Directors, set to take effect in December 2025. This initiative reflects the bank’s commitment to enhancing its governance structure, optimizing decision-making processes, and ensuring a robust framework for evaluating leadership and compensation policies, which may positively impact its operational efficiency and stakeholder confidence.
Weihai City Commercial Bank Co., Ltd. has updated its rules of procedure for the Nomination and Remuneration Committee under its Board of Directors, outlining the composition, duties, decision-making processes, and general guidelines. This move aims to improve corporate governance and streamline operations, which could enhance efficiency and foster better decision-making, potentially strengthening the bank’s industry positioning.
Weihai Bank Co., Ltd. has successfully issued RMB1 billion worth of ‘2025 Sci-tech Innovation Bonds’ in the national inter-bank bond market with a coupon rate of 1.94%. The proceeds from these bonds will be directed towards supporting sci-tech innovation businesses, potentially enhancing the bank’s role in fostering technological advancements and innovation.
Weihai Bank Co., Ltd. has received approval from the National Financial Regulatory Administration Shandong Office for amendments to its Articles of Association, effective October 31, 2025. As a result, the Bank has dissolved its Board of Supervisors and related committees, with all current Supervisors stepping down. The Bank expressed gratitude for their contributions, and there are no disagreements or issues to report to shareholders.
Weihai City Commercial Bank Co., Ltd. announced the successful issuance of RMB2 billion in tier-two capital bonds with a 2.6% coupon rate, aimed at replenishing its tier-two capital. This strategic financial move is expected to enhance the bank’s capital base, potentially strengthening its market position and operational capabilities.
Weihai City Commercial Bank Co., Ltd. has disclosed its financial data for the third quarter of 2025, reporting total assets of RMB502,822.5937 million and a net profit of RMB1,779.0502 million. The bank’s capital adequacy ratios have met regulatory requirements, with a capital adequacy ratio of 11.89%, tier-one capital adequacy ratio of 10.04%, and core tier-one capital adequacy ratio of 8.02%. The bank’s capital instruments balance stands at RMB8.7 billion, including tier-two and perpetual capital bonds. Shareholders and potential investors are advised to exercise caution as the financial data has not been audited.