news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

revenue and net profit fell again by more than 20%, asset scale shrank, and the non-performing loan ratio continued to remain at a high level. after de-evergrande-ization, shengjing bank is struggling to move forward.

after the change of management, shengjing bank ushered in its first semi-annual operating performance report. on august 28, shengjing bank disclosed its 2024 semi-annual report, showing that in the first half of the year, it achieved operating income of 4.56 billion yuan, a year-on-year decrease of 36.2%; and achieved a net profit attributable to shareholders of the bank of 577 million yuan, a year-on-year decrease of 21.9%.

while revenue and net profit have fallen sharply, shengjing bank's asset size has also shrunk. in addition, the latest non-performing loan ratio has reached 2.66%, which is still high and far higher than the industry average of 1.56%. shengjing bank's current provision coverage ratio is only 159.59%, and its risk compensation capacity is worrying.

this once “model student” of northeast city commercial banks has gradually lost its former glory and has become a “penny stock” with a share price hovering around hk$0.6 per share. it is difficult to restore confidence in the secondary market and commercial market and get rid of the historical “burden” left over.

regarding issues such as operating performance and asset quality, discovery.com sent an interview and research letter to shengjing bank. as of press time, shengjing bank has not provided a reasonable explanation for the relevant issues.

revenue and net profit fell by more than 20%, and asset size shrank again

public data shows that shengjing bank is the earliest and largest headquarter bank in northeast china. it was formerly shenyang city commercial bank and was renamed shengjing bank with the approval of the china banking and insurance regulatory commission in february 2007. in december 2014, shengjing bank went public in hong kong. in 2019, the bank's asset scale exceeded 1 trillion yuan for the first time, reaching 1021.481 billion yuan.