Weihai City Commercial Bank Co., Ltd. Class H (9677) AI Stock Analysis

• Market Cap: HK$17.58B
• Dividend Yield: 3.71%
• Average Volume (3M): 1.57K
• Price to Earnings (P/E): 9.1
• Beta (1Y): <0.01
• Revenue Growth: 4.53%
• EPS Growth: 13.06%
• Country: HK
• Employees: 3,363
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.36
• Shares Outstanding: 1,008,861,000
• 10 Day Avg. Volume: 1,400
• 30 Day Avg. Volume: 1,566
• PEG Ratio: 1.12
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.89
• 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

• Rating: 70 Outperform
• Price Target: ―

Weihai City Commercial Bank Co., Ltd. demonstrates strong financial performance through revenue growth and profitability, although liquidity concerns are notable. The technical indicators show positive momentum, supporting a favorable outlook. The stock is potentially undervalued with a solid dividend yield, making it attractive for value investors.

Weihai City Commercial Bank Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Weihai City Commercial Bank Co., Ltd., together with its subsidiaries, provides corporate banking, retail banking, and financial market services in China. It offers deposit taking, personal loans, personal wealth management, and remittance services, as well as debit and credit cards. The company also provides corporate loans and advances, trade financing, wealth management, consulting and advisory, remittance and settlement, guarantee, finance leasing, and agency services. In addition, it offers inter-bank money market transactions, repurchases transactions, and investment services; trades in debt securities; and issues debts. Further, the company provides online, mobile, direct, telephone, and WeChat banking services, as well as ATMs, self-service deposit, and withdrawal machines. It operates approximately 122 branches. The company was founded in 1997 and is headquartered in Weihai, the People's Republic of China.

How the Company Makes Money

Weihai City Commercial Bank generates revenue through interest income from loans and credit products offered to individual and corporate clients, including SMEs. The bank also earns from non-interest income sources such as fees and commissions from wealth management services, transaction services, and other banking operations. Additionally, the bank benefits from strategic partnerships that expand its service offerings and improve customer reach, contributing to its overall earnings.

Weihai City Commercial Bank Co., Ltd. Class H Financial Statement Overview

Summary

Weihai City Commercial Bank Co., Ltd. exhibits solid revenue growth and profitability with a strong ROE. However, liquidity concerns arise from negative free cash flow and operating cash flow. The balance sheet remains stable with manageable debt levels, but the cash flow issues could pose risks if not addressed.

Income Statement

The company has demonstrated consistent revenue growth, with a notable increase of 11.84% from 2023 to 2024. The gross profit margin remains strong at 100% due to the nature of the bank's operations. However, the net profit margin has slightly decreased to 41.99% in 2024, reflecting increased operational costs. The EBIT margin has improved to 55.46%, indicating better cost management and operational efficiency.

Balance Sheet

The company's balance sheet shows a stable financial position with a moderate debt-to-equity ratio of 50.88% in 2024, indicating a balanced approach to leveraging. The return on equity is robust at 68.93%, reflecting strong profitability. The equity ratio has improved to 6.55%, indicating a slight increase in equity financing over assets.

Cash Flow

There is a significant decrease in operating cash flow in 2024, resulting in a negative free cash flow. The operating cash flow to net income ratio has turned negative, suggesting potential liquidity concerns. Despite this, the company has maintained positive financing cash flow, indicating reliance on external financing.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.46B	4.24B	7.65B	6.82B	5.60B
Gross Profit	8.46B	7.89B	7.65B	6.82B	5.60B
EBITDA	0.00	0.00	0.00	0.00	0.00
Net Income	1.99B	1.93B	1.91B	1.75B	1.51B
Balance Sheet
Total Assets	441.46B	391.88B	343.70B	304.52B	267.60B
Cash, Cash Equivalents and Short-Term Investments	13.33B	30.79B	28.31B	30.72B	28.62B
Total Debt	14.70B	37.80B	35.67B	32.99B	31.13B
Total Liabilities	410.67B	363.87B	317.97B	280.35B	245.93B
Stockholders Equity	28.90B	26.24B	24.15B	23.26B	20.91B
Cash Flow
Free Cash Flow	-19.07B	8.83B	5.67B	6.68B	4.81B
Operating Cash Flow	-17.92B	11.02B	6.05B	6.81B	4.85B
Investing Cash Flow	-16.98B	-16.17B	-10.10B	-15.60B	-14.46B
Financing Cash Flow	36.70B	618.96M	886.13M	1.51B	2.34B

Weihai City Commercial Bank Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.94
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9677, the sentiment is Neutral. The current price of 2.94 is below the 20-day moving average (MA) of 2.94, above the 50-day MA of 2.89, and above the 200-day MA of 2.80, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 50.97 is Neutral, neither overbought nor oversold. The STOCH value of 58.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9677.

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
9677	70 Outperform	HK$17.58B	9.12	8.49%	3.71%	4.53%	13.06%
Sector *	67 Neutral	$17.01B	11.90	9.70%	3.76%	11.63%	-9.47%
3BZ		€2.01B	4.67	4.38%	1.76%	―	―
4B1		€1.71B	3.25	5.36%	―	―	―
B95		€1.76B	3.51	5.66%	5.49%	―	―
1216	74 Outperform	HK$13.52B	4.46	3.19%	3.54%	-5.52%	6.15%
6199	66 Neutral	HK$17.94B	4.38	8.08%	4.45%	0.11%	0.93%

Weihai City Commercial Bank Co., Ltd. Class H Corporate Events

Weihai Bank Reports Strong Q1 2025 Financial Results

Weihai Bank Co., Ltd. announced its financial results for the first quarter of 2025, reporting total assets of RMB465,009.4795 million and a net profit of RMB654.8361 million. The bank’s capital adequacy ratios exceeded regulatory requirements, with a capital adequacy ratio of 12.72%, reflecting a stable financial position. However, the financial information has not been audited, and discrepancies may arise upon review, urging caution among investors.

Weihai Bank Co., Ltd. Announces Official Name Change

Weihai Bank Co., Ltd. has officially changed its company name from Weihai City Commercial Bank Co., Ltd. This change, confirmed by the Registrar of Companies in Hong Kong, does not affect shareholders’ rights or the validity of existing share certificates, which remain valid for trading and other purposes. The bank’s stock code and short names will also remain unchanged.

Weihai Bank Co., Ltd. Announces 2024 Annual Results

Weihai Bank Co., Ltd. has announced its audited annual results for the year ending December 31, 2024. The results have been reviewed and confirmed by the Board and its audit committee, and will be published on the websites of The Stock Exchange of Hong Kong Limited and the Bank. This announcement is part of the Bank’s compliance with the listing rules of the Hong Kong Stock Exchange, and the full annual report will be made available to shareholders in due course.

Weihai Bank Announces 2024 Final Dividend

Weihai City Commercial Bank Co., Ltd. has announced a cash dividend for its equity shareholders, declaring a final ordinary dividend of RMB 10 per 100 shares for the financial year ending December 31, 2024. The payment date for the dividend is set for July 30, 2025. The announcement also details the withholding tax rates applicable to non-resident individual and enterprise shareholders, set at 10%. This dividend declaration reflects the bank’s financial performance and commitment to returning value to its shareholders, potentially impacting its market positioning and stakeholder relations.

Weihai Bank Schedules Board Meeting to Approve Annual Results

Weihai Bank Co., Ltd. has announced a board meeting scheduled for March 28, 2025, to discuss and approve the bank’s annual results for the year ending December 31, 2024, and to consider the payment of dividends. This meeting is significant as it will provide insights into the bank’s financial performance and potential returns for stakeholders.

Weihai Bank Co., Ltd. Announces Name Change and New Logo

Weihai Bank Co., Ltd. has announced a change in its company name from Weihai City Commercial Bank Co., Ltd. to Weihai Bank Co., Ltd., following approval from the National Financial Regulatory Administration Shandong Office. This change, effective from February 26, 2025, also includes amendments to the Articles of Association and a new company logo. These changes are part of the bank’s strategic efforts to enhance its brand identity and market positioning. The new logo will be used across all corporate documents and platforms, while existing share certificates will remain valid, ensuring no disruption for shareholders.