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Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. (002807) Report Analysis

Corporate Events

Positive

Jiangsu Jiangyin Rural Commercial Bank Co.,Ltd....

2022-05-09 19:32:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. implemented A shares final cash distribution of CNY 1.80000000 per 10 shares for 2021. Record ...

Positive

Jiangsu Jiangyin Rural Commercial Bank Co.,Ltd....

2022-04-29 19:58:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. approved 2021 profit distribution plan. The detailed profit distribution plan are as follows: ...

Neutral

Jiangsu Jiangyin Rural Commercial Bank Co.,Ltd....

2022-04-29 19:58:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. approved Amendments to the Company's articles of association.

Positive

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD....

2022-03-30 19:32:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. proposed final Dividend of CNY 1.80000000 per 10 shares (tax included) for 2021.

Neutral

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD....

2022-03-30 19:32:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD., Annual General Meeting, Apr 28, 2022, at 13:30 China Standard Time. Agenda: To consider 2021 ...

Positive

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD....

2022-03-29 00:00:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD., 0.18 (CNY), Cash Dividend, May-13-2022

Positive

Jiangsu Jiangyin Rural Commercial Bank Co.,Ltd. Implements A Shares Final Cash Distribution for 2021, Payable on May 13, 2022

2022-05-09 19:32:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. implemented A shares final cash distribution of CNY 1.80000000 per 10 shares for 2021. Record date: May 12, 2022. Ex-date: May 13, 2022. Payment date: May 13, 2022.

Positive

Jiangsu Jiangyin Rural Commercial Bank Co.,Ltd. Approves 2021 Profit Distribution Plan

2022-04-29 19:58:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. approved 2021 profit distribution plan. The detailed profit distribution plan are as follows: 1) Cash dividend/10 shares (tax included): CNY 1.80000000.

Neutral

Jiangsu Jiangyin Rural Commercial Bank Co.,Ltd. Approves Amendments to the Company's Articles of Association

2022-04-29 19:58:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. approved Amendments to the Company's articles of association.

Positive

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. Proposes Final Dividend for 2021

2022-03-30 19:32:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. proposed final Dividend of CNY 1.80000000 per 10 shares (tax included) for 2021.

Neutral

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD., Annual General Meeting, Apr 28, 2022

2022-03-30 19:32:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD., Annual General Meeting, Apr 28, 2022, at 13:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts and 2022 financial budget report; to consider 2021 profit distribution plan; to consider implementing results of 2021 connected transactions; to consider 2022 estimated quota of continuing connected transactions; and to consider other matters.

Positive

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD., 0.18 (CNY), Cash Dividend, May-13-2022

2022-03-29 00:00:00

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD., 0.18 (CNY), Cash Dividend, May-13-2022

Fundamental Summary

Jiangsu Jiangyin Rural Commercial's financial results from Q1 demonstrated decent performance, but will likely only help Jiangsu Jiangyin Rural Commercial remain on par with its peers. It is highly likely that the company will be mostly tethered to market performance and sector movements for the near term. Therefore, Jiangsu Jiangyin Rural Commercial received an overall score of 72, translating into a HOLD ranking.

Jiangsu Jiangyin Rural Commercial reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was CNY 791.31 million compared to CNY 647.93 million a year ago. Net income was CNY 275.06 million compared to CNY 228.16 million a year ago. Basic earnings per share from continuing operations was CNY 0.1266 compared to CNY 0.105 a year ago. Diluted earnings per share from continuing operations was CNY 0.1148 compared to CNY 0.0949 a year ago.

Business Description

Jiangsu Jiangyin Rural Commercial provides various personal and corporate banking products and services in China. Its personal finance products include personal deposit, financing, bank card, foreign exchange, and wealth management products, as well as agency services. The company’s corporate finance products comprise unit deposits; traditional, technology, and green financing products; and others. It also provides international finance products, including settlement, letters of credit, documentary collection, financing, and hedging and value-added products. In addition, the company offers small and micro finance products; and online and mobile banking, payment, convenience, and other services. Jiangsu Jiangyin Rural Commercial was founded in 2001 and is based in Jiangyin, China.

Sector Overview

Jiangsu Jiangyin Rural Commercial is included in the Banks according to GICS (global industry classification standard). The Banks industry, which is in the Financials sector, includes Diversified & Regional Banks whose operations focus on conventional banking, retail banking, and lending to SMEs (small and medium enterprises). Jiangsu Jiangyin Rural Commercial's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 157,892.6 3.1% 66
Liabilities 144,505.6 3.2% 76
Price to Book 0.7 5.7% 74
Cash & Equivalents 2,447.6 5.9% 76
Equity 13,247.1 1.7% 69
Total Revenues 2,591.9 4.3% 51
Parameter Value Change Score
Return on Equity 10.3 2.4% 77
Net Cashflow 143.9 121.7% 42
Capital Expenditure -194.5 -10.2% 51
Free Cashflow -0.0 -101.6% 94

* All values are TTM

The below chart reflects Jiangsu Jiangyin Rural Commercial's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Jiangsu Jiangyin Rural Commercial's peer average final assessment score stands on 66.0, Jiangsu Jiangyin Rural Commercial's score is 72.

  •  002807
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Ping An Bank Co., Ltd. 281.2B 83 72 85
Strong Buy
87
87 0 1
Bank of Ningbo Co., Ltd. 225.7B 89 70 71
Buy
86
86 1 1
Bank of Suzhou Co., Ltd. 22.1B 92 60 61
Buy
80
80 2 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 74 61 81
Hold
73
73 3 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 77 71 64
Hold
76
76 4 1
China Merchants Bank Co., Ltd. 1.1T 77 63 68
Hold
73
73 5 1
Industrial Bank Co., Ltd. 402.2B 85 67 66
Buy
80
80 6 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 72 61 68
Hold
68
68 7 1
China Everbright Bank Company Limited 160.4B 76 63 56
Hold
70
70 8 1
China Minsheng Banking Corp., Ltd. 150.8B 81 62 79
Hold
78
78 9 1
Bank of Nanjing Co., Ltd. 111.2B 82 66 54
Hold
74
74 10 1
Bank of Jiangsu Co., Ltd. 100.3B 83 71 84
Buy
86
86 11 1
Bank of Beijing Co., Ltd. 95.8B 84 59 75
Hold
77
77 12 1
Bank of Shanghai Co., Ltd. 92.8B 90 64 81
Buy
85
85 13 1
Bank of Hangzhou Co., Ltd. 85.0B 81 70 69
Buy
80
80 14 1
Hua Xia Bank Co., Limited 79.1B 81 63 75
Hold
77
77 15 1
Bank of Chengdu Co., Ltd. 61.3B 86 68 58
Buy
79
79 16 1
Bank of Changsha Co., Ltd. 31.4B 79 62 60
Hold
72
72 17 1
QILU BANK CO., LTD. 22.4B 93 69 80
Strong Buy
91
91 18 1
Bank of Guiyang Co.,Ltd. 21.2B 80 62 75
Hold
77
77 19 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 82 71 80
Buy
84
84 20 1
Bank of Xi'an Co.,Ltd. 16.2B 80 56 51
Hold
70
70 21 1
Xiamen Bank Co., Ltd. 15.6B 83 62 82
Buy
80
80 22 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 83 70 69
Buy
81
81 23 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 77 60 53
Hold
70
70 24 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 73 64 79
Hold
73
73 25 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 74 73 70
Hold
76
76 26 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Jiangsu Jiangyin Rural Commercial's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Jiangsu Jiangyin Rural Commercial's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 88.

Bullish 88
Close Price 4.3
52W Low 3.67
52W High 4.6
5D MA 4.28
50D MA 4.2
200D MA 3.98
MACD 0.03
RSI 1.37
STOCH 18.18

Balance Sheet Analysis

Overall, Jiangsu Jiangyin Rural Commercial's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. In terms of liabilities, Jiangsu Jiangyin Rural Commercial published good numbers. Their reported liabilities were 144505.6, representing a 3.2% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 76. Also, Jiangsu Jiangyin Rural Commercial did a great job related to cash and cash equivalents this period, which stood at 2447.6, representing a 5.9% change from the previous filing. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Therefore, its cash and cash equivalents movement earned a score of 76. On the other hand, Assets, jumped out as looking rather underwhelming. Jiangsu Jiangyin Rural Commercial's management did not succeed in significantly improving the value of the assets on their balance sheet, which now sits at 157892.6 and represents a 3.1% change from the previous report. Jiangsu Jiangyin Rural Commercial's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on Jiangsu Jiangyin Rural Commercial's stock price. Therefore, their asset component earned a score of 66. Therefore, it received a score of 77.

Parameter Value Change Score
Assets 157,892.6 3.1% 66
Liabilities 144,505.6 3.2% 76
Price to Book 0.7 5.7% 74
Cash & Equivalents 2,447.6 5.9% 76
Equity 13,247.1 1.7% 69
* All values are TTM

The below chart describes Jiangsu Jiangyin Rural Commercial's performance as reflected on its balance sheet with respect to its peers. While Jiangsu Jiangyin Rural Commercial received a balance sheet score of 77, the average of its peers stands on 68.0.

  •  002807
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Ping An Bank Co., Ltd. 281.2B 79 78 69 88 79 83 0 1
Bank of Ningbo Co., Ltd. 225.7B 86 51 68 97 84 89 1 1
Bank of Suzhou Co., Ltd. 22.1B 91 82 54 97 89 92 2 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 66 68 55 72 77 74 3 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 84 53 55 65 79 77 4 1
China Merchants Bank Co., Ltd. 1.1T 72 81 68 37 84 77 5 1
Industrial Bank Co., Ltd. 402.2B 74 80 68 90 82 85 6 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 74 70 55 51 76 72 7 1
China Everbright Bank Company Limited 160.4B 89 44 69 54 76 76 8 1
China Minsheng Banking Corp., Ltd. 150.8B 80 45 69 90 77 81 9 1
Bank of Nanjing Co., Ltd. 111.2B 81 51 51 89 82 82 10 1
Bank of Jiangsu Co., Ltd. 100.3B 87 85 55 92 78 83 11 1
Bank of Beijing Co., Ltd. 95.8B 64 63 68 67 90 84 12 1
Bank of Shanghai Co., Ltd. 92.8B 83 62 54 90 90 90 13 1
Bank of Hangzhou Co., Ltd. 85.0B 82 63 54 87 79 81 14 1
Hua Xia Bank Co., Limited 79.1B 79 49 69 89 76 81 15 1
Bank of Chengdu Co., Ltd. 61.3B 83 76 68 82 83 86 16 1
Bank of Changsha Co., Ltd. 31.4B 74 63 69 72 79 79 17 1
QILU BANK CO., LTD. 22.4B 80 59 95 77 89 93 18 1
Bank of Guiyang Co.,Ltd. 21.2B 74 61 69 77 80 80 19 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 85 81 69 60 81 82 20 1
Bank of Xi'an Co.,Ltd. 16.2B 81 55 67 97 75 80 21 1
Xiamen Bank Co., Ltd. 15.6B 86 66 69 84 78 83 22 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 83 72 69 81 79 83 23 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 41 80 56 95 80 77 24 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 66 72 55 62 78 73 25 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 78 77 55 60 75 74 26 1

Income Statement Analysis

Jiangsu Jiangyin Rural Commercial appears likely to maintain its strong income statement metrics, especially Return Factors. Jiangsu Jiangyin Rural Commercial's reported return on equity (ROE) ratio was 10.3, representing a change of 2.4%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 77. That said, one metric, Revenue Efficiency, stood out as strongly negative. Jiangsu Jiangyin Rural Commercial management did an underwhelming job managing revenue efficiency this past period. Jiangsu Jiangyin Rural Commercial's revenue efficiency is 2591.9 according to the metrics in the current filing, which represents a 4.3% change from the previous report. This metric might have a 2.3 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Its revenue efficiency, therefore, received a grade of 51. their income statement received an overall score of 70.

Parameter Value Change Score
Total Revenues 2,591.9 4.3% 51
Return on Equity 10.3 2.4% 77
* All values are TTM

The below chart describes Jiangsu Jiangyin Rural Commercial's performance as reflected on its income statement with respect to its peers. While Jiangsu Jiangyin Rural Commercial received a income statement score of 70 , the average of its peers stands on 66.0.

  •  002807
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Ping An Bank Co., Ltd. 281.2B 53 68 81 72 0 1
Bank of Ningbo Co., Ltd. 225.7B 55 68 76 70 1 1
Bank of Suzhou Co., Ltd. 22.1B 53 66 58 60 2 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 62 67 57 61 3 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 64 67 79 71 4 1
China Merchants Bank Co., Ltd. 1.1T 58 68 61 63 5 1
Industrial Bank Co., Ltd. 402.2B 48 67 73 67 6 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 80 67 54 61 7 1
China Everbright Bank Company Limited 160.4B 69 67 61 63 8 1
China Minsheng Banking Corp., Ltd. 150.8B 85 67 55 62 9 1
Bank of Nanjing Co., Ltd. 111.2B 48 65 74 66 10 1
Bank of Jiangsu Co., Ltd. 100.3B 48 69 80 71 11 1
Bank of Beijing Co., Ltd. 95.8B 63 68 50 59 12 1
Bank of Shanghai Co., Ltd. 92.8B 66 67 61 64 13 1
Bank of Hangzhou Co., Ltd. 85.0B 48 66 82 70 14 1
Hua Xia Bank Co., Limited 79.1B 61 67 61 63 15 1
Bank of Chengdu Co., Ltd. 61.3B 44 68 75 68 16 1
Bank of Changsha Co., Ltd. 31.4B 57 68 58 62 17 1
QILU BANK CO., LTD. 22.4B 50 68 76 69 18 1
Bank of Guiyang Co.,Ltd. 21.2B 69 67 58 62 19 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 52 71 77 71 20 1
Bank of Xi'an Co.,Ltd. 16.2B 47 64 58 56 21 1
Xiamen Bank Co., Ltd. 15.6B 48 68 59 62 22 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 66 68 76 70 23 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 81 71 55 60 24 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 54 69 61 64 25 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 84 69 77 73 26 1

Cash Flow Analysis

A deep look into Jiangsu Jiangyin Rural Commercial's cash flow metrics showed some disappointing metrics. The most troubling factors we're looking at are Net Cash Flow and Capital Expenditure. Jiangsu Jiangyin Rural Commercial's net cash flow metrics were 143.9 according to their current filing, which represents a 121.7% change from the previous report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Jiangsu Jiangyin Rural Commercial's stock price going forward. Consequently, their net cash flow movement received a grade of 42. Also, Jiangsu Jiangyin Rural Commercial's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. Jiangsu Jiangyin Rural Commercial recorded CapEx of -194.5, which represents a -10.2% change from the previous report. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Its CapEx movement, therefore, received a grade of 51. However, one encouraging metric, Free Cash flow, stood out. Jiangsu Jiangyin Rural Commercial's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Jiangsu Jiangyin Rural Commercial recorded free cash flow of -0.0, which represents a -101.6% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 9.3%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. Consequently, their free cash flow movement received a grade of 94. Therefore, it received a cautionary score of 53.

Parameter Value Change Score
Net Cashflow 143.9 121.7% 42
Capital Expenditure -194.5 -10.2% 51
Free Cashflow -0.0 -101.6% 94
* All values are TTM

The below chart describes Jiangsu Jiangyin Rural Commercial's performance as reflected on its cash flow with respect to its peers. While Jiangsu Jiangyin Rural Commercial received a cash flow score of 53, the average of its peers stands on 67.0.

  •  002807
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Ping An Bank Co., Ltd. 281.2B 91 42 96 69 85 0 1
Bank of Ningbo Co., Ltd. 225.7B 93 38 59 69 71 1 1
Bank of Suzhou Co., Ltd. 22.1B 61 78 49 69 61 2 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 86 49 84 69 81 3 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 39 98 84 69 64 4 1
China Merchants Bank Co., Ltd. 1.1T 90 45 44 69 68 5 1
Industrial Bank Co., Ltd. 402.2B 81 56 47 69 66 6 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 48 87 85 69 68 7 1
China Everbright Bank Company Limited 160.4B 43 95 54 69 56 8 1
China Minsheng Banking Corp., Ltd. 150.8B 84 45 91 69 79 9 1
Bank of Nanjing Co., Ltd. 111.2B 49 84 48 69 54 10 1
Bank of Jiangsu Co., Ltd. 100.3B 93 41 90 69 84 11 1
Bank of Beijing Co., Ltd. 95.8B 67 67 92 69 75 12 1
Bank of Shanghai Co., Ltd. 92.8B 95 38 80 69 81 13 1
Bank of Hangzhou Co., Ltd. 85.0B 49 87 90 69 69 14 1
Hua Xia Bank Co., Limited 79.1B 80 57 69 69 75 15 1
Bank of Chengdu Co., Ltd. 61.3B 66 67 45 69 58 16 1
Bank of Changsha Co., Ltd. 31.4B 59 81 45 69 60 17 1
QILU BANK CO., LTD. 22.4B 81 54 90 69 80 18 1
Bank of Guiyang Co.,Ltd. 21.2B 67 67 90 69 75 19 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 71 73 81 69 80 20 1
Bank of Xi'an Co.,Ltd. 16.2B 43 90 62 67 51 21 1
Xiamen Bank Co., Ltd. 15.6B 93 40 85 69 82 22 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 96 37 44 69 69 23 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 46 99 50 67 53 24 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 82 52 84 69 79 25 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 85 50 56 69 70 26 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.