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China Everbright Bank Company Limited (601818) Report Analysis

Corporate Events

Negative

China Everbright Bank Company Limited Announces...

2022-05-27 10:40:00

China Everbright Bank Company Limited announced that, Mr. Zhao Ling has resigned from the positions as the Executive Vice President and Joint ...

Negative

China Everbright Bank Company Limited Appoints ...

2022-05-20 09:30:00

China Everbright Bank Company Limited announced that 39th meeting of the eighth session of the Board was convened on 20 May 2022 and the Resol...

Neutral

China Everbright Bank Company Limited, Board Me...

2022-05-20 09:30:00

China Everbright Bank Company Limited, Board Meeting, May 20, 2022. Agenda: To consider the election of directors.

Negative

China Everbright Bank Company Limited Approves ...

2022-05-19 12:37:00

China Everbright Bank Company Limited announced that at its AGM held on 19 May 2022, the shareholders approved profit distribution plan for th...

Negative

China Everbright Bank Company Limited Approves ...

2022-05-19 12:37:00

China Everbright Bank Company Limited announced that at its AGM held on 19 May 2022, the shareholders approved election of Mr. Wang Jiang as a...

Neutral

China Everbright Bank Company Limited - Shareho...

2022-05-16 11:35:00

AGM

Neutral

China Everbright Bank Company Limited to Report...

2022-04-13 08:32:00

China Everbright Bank Company Limited announced that they will report Q1, 2022 results on Apr 27, 2022

Neutral

China Everbright Bank Company Limited, Board Me...

2022-04-13 08:32:00

China Everbright Bank Company Limited, Board Meeting, Apr 27, 2022. Agenda: To consider the first quarterly results of the Company for the thr...

Negative

China Everbright Bank Company Limited Provides ...

2022-04-08 08:39:00

China Everbright Bank Company Limited provided Update to previous announcement. The company proposed Final Ordinary Dividend of RMB 2.01 per 1...

Neutral

China Everbright Bank Company Limited, Annual G...

2022-03-30 09:18:00

China Everbright Bank Company Limited, Annual General Meeting, May 19, 2022, at 09:30 China Standard Time. Location: at the conference room of...

Negative

China Everbright Bank Company Limited Announces...

2022-01-26 10:15:00

The Board of Directors of China Everbright Bank Company Limited announced that the Board has agreed to appoint Mr. Zhao Ling and Ms. Lee Mei Y...

Neutral

China Everbright Bank Company Limited, Special/...

2021-11-12 09:35:00

China Everbright Bank Company Limited, Special/Extraordinary Shareholders Meeting, Dec 28, 2021, at 09:30 China Standard Time. Location: 3rd F...

Negative

China Everbright Bank Company Limited Announces...

2021-11-12 09:29:00

China Everbright Bank Company Limited announced that, Mr. Li Jiayan has resigned from the positions as the Company Secretary and Authorized Re...

Negative

China Everbright Bank Company Limited Announces...

2021-11-12 09:25:00

China Everbright Bank Company Limited announced the appointment of Mr. Zhao Ling as the Vice President of the Company as considered and approv...

Negative

China Everbright Bank Company Limited Reports C...

2021-10-28 11:10:00

China Everbright Bank Company Limited reported Credit impairment losses for the quarter ended September 30, 2021. For the quarter, Credit impa...

Neutral

China Everbright Bank Company Limited to Report...

2021-10-18 10:23:00

China Everbright Bank Company Limited announced that they will report nine months, 2021 results on Oct 28, 2021

Neutral

China Everbright Bank Company Limited, Board Me...

2021-10-18 10:23:00

China Everbright Bank Company Limited, Board Meeting, Oct 28, 2021. Agenda: To consider the third quarterly results of the Company for the nin...

Neutral

China Everbright Bank Company Limited, H1 2021 ...

2021-08-30 07:04:00

China Everbright Bank Company Limited, H1 2021 Earnings Call, Aug 31, 2021

Neutral

Aurora Mobile Partners with Credit Card App of ...

2021-08-26 09:42:00

Aurora Mobile Limited announced updates on its partnership with Yang Guang Hui Sheng Huo (“Yang Guang App”), the credit card app of China Ever...

Neutral

China Everbright Bank Company Limited to Report...

2021-08-18 08:31:00

China Everbright Bank Company Limited announced that they will report first half, 2021 results on Aug 30, 2021

Neutral

China Everbright Bank Company Limited, Board Me...

2021-08-18 08:31:00

China Everbright Bank Company Limited, Board Meeting, Aug 30, 2021. Agenda: TO consider and (if thought fit) approve, among other things, the ...

Neutral

China Everbright Bank Company Limited has filed...

2021-08-12 00:00:00

China Everbright Bank Company Limited has filed a Base Prospectus in the amount of $5 billion. Security Name: Notes Principal Amount: $5 billion

Negative

China Everbright Bank Company Limited Announces Management Changes

2022-05-27 10:40:00

China Everbright Bank Company Limited announced that, Mr. Zhao Ling has resigned from the positions as the Executive Vice President and Joint Company Secretary of the Company on 27 May 2022 due to job adjustment, and has also resigned from the position as the Secretary to the board of directors of the Company. The resignation of Mr. Zhao Ling will take effect from the date of delivery of the resignation letter to the board of directors of the Company on 27 May 2022. Mr. Zhao Ling has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board has agreed to appoint Mr. Zhang Xuyang as the Joint Company Secretary of the Company. Mr. Zhang will officially perform his duties as the Joint Company Secretary of the Company since the date of passing the resolution by the Board. At the meantime, Ms. Lee Mei Yi will continue to be another Joint Company Secretary of the Company. Mr. Zhang, aged 50, is the chief business officer of the Company, and the secretary to the Party committee and chairman of Everbright Wealth Management Co. Ltd.

Negative

China Everbright Bank Company Limited Appoints Wang Jiang as Chairman of the Eighth Session of the Board and Chairman of the Strategy Committee and a Member of the Nomination Committee

2022-05-20 09:30:00

China Everbright Bank Company Limited announced that 39th meeting of the eighth session of the Board was convened on 20 May 2022 and the Resolution on the Election of Mr. Wang Jiang as the Chairman of the Eighth Session of the Board of China Everbright Bank Company Limited and the Resolution on the Approval of Chairman and Member of Certain Special Committees of the Eighth Session of the Board of China Everbright Bank Company Limited were considered and approved unanimously. The Board approved the election of Mr. Wang Jiang as the Chairman of the eighth session of the Board, and approved Mr. Wang Jiang to serve as the Chairman of the Strategy Committee and a member of the Nomination Committee of the eighth session of the Board.

Neutral

China Everbright Bank Company Limited, Board Meeting, May 20, 2022

2022-05-20 09:30:00

China Everbright Bank Company Limited, Board Meeting, May 20, 2022. Agenda: To consider the election of directors.

Negative

China Everbright Bank Company Limited Approves Final Dividend for the Year of 2021, Payable on or About 7 July 2022

2022-05-19 12:37:00

China Everbright Bank Company Limited announced that at its AGM held on 19 May 2022, the shareholders approved profit distribution plan for the year 2021 of the company. The company will distribute a final dividend for the year of 2021 at RMB 2.01 (before tax) per 10 Shares to H Shareholders whose names appear on the register of members of the company on 30 May 2022. The final dividend is expected to be distributed to the H Shareholders of the company on or about 7 July 2022.

Negative

China Everbright Bank Company Limited Approves Election of Wang Jiang as A Non- Executive Director

2022-05-19 12:37:00

China Everbright Bank Company Limited announced that at its AGM held on 19 May 2022, the shareholders approved election of Mr. Wang Jiang as a non- executive director of the company.

Neutral

China Everbright Bank Company Limited - Shareholder/Analyst Call

2022-05-16 11:35:00

AGM

Neutral

China Everbright Bank Company Limited to Report Q1, 2022 Results on Apr 27, 2022

2022-04-13 08:32:00

China Everbright Bank Company Limited announced that they will report Q1, 2022 results on Apr 27, 2022

Neutral

China Everbright Bank Company Limited, Board Meeting, Apr 27, 2022

2022-04-13 08:32:00

China Everbright Bank Company Limited, Board Meeting, Apr 27, 2022. Agenda: To consider the first quarterly results of the Company for the three months ended 31 March 2022.

Negative

China Everbright Bank Company Limited Provides Update on Final Ordinary Dividend for the Year Ended 31 December 2021

2022-04-08 08:39:00

China Everbright Bank Company Limited provided Update to previous announcement. The company proposed Final Ordinary Dividend of RMB 2.01 per 10 share for the Year Ended 31 December 2021. Reason for the update /change: Change of dividend payment date. Payment date to be announced.

Neutral

China Everbright Bank Company Limited, Annual General Meeting, May 19, 2022

2022-03-30 09:18:00

China Everbright Bank Company Limited, Annual General Meeting, May 19, 2022, at 09:30 China Standard Time. Location: at the conference room of 3rd Floor, Tower A, China Everbright Center, No. 25 Taipingqiao Avenue, Xicheng District, Beijing Beijing China Agenda: To consider the proposal in relation to the election of Mr. Wang Jiang as a non-executive Director of the eighth session of the Board of Directors of China Everbright Bank Company Limited; to consider the 2021 work report of the Board of Directors of China Everbright Bank Company Limited; to consider the 2021 work report of the Board of Supervisors of China Everbright Bank Company Limited; to consider the proposal in relation to the budget plan of fixed asset investment of China Everbright Bank Company Limited for the year 2022; to consider the Audited accounts report of China Everbright Bank Company Limited for the year 2021; to consider the Profit distribution plan of China Everbright Bank Company Limited for the year 2021; to consider the proposal in relation to the appointment of accounting firms for the year 2022; and to consider other matters.

Negative

China Everbright Bank Company Limited Announces Executive Appointments

2022-01-26 10:15:00

The Board of Directors of China Everbright Bank Company Limited announced that the Board has agreed to appoint Mr. Zhao Ling and Ms. Lee Mei Yi as the Joint Company Secretaries of the Company. Mr. Zhao and Ms. Lee willofficially perform their duties as the Joint Company Secretaries of the Company since the date of passing the resolution by the Board. Mr. Zhao is currently a member of the CPC Committee and Vice President of the Company.He joined the Company in 2001 and served successively as a staff of the Treasury Department, deputy director of the Trading Room, director of the Investment and Transaction Office, general manager assistant, deputy general manager, deputy general manager (in charge), general manager, general manager of the Financial Market Department, and Chief Business Officer of the head office. He also served concurrently as a director of Sun Life Everbright Asset Management Co. Ltd., director of CEB International Investment Corporation Limited and director of China Everbright Bank (Europe) S.A. He holds a doctorate degree in management. Ms. Lee is an executive director of Corporate Services of Tricor Services Limited, a global professional services provider specializing in integrated business, corporate and investor services. Ms. Lee has been serving as the Assistant to Company Secretary of the Company since 2013, and has over 27 years of experience in the corporate secretarial field. Ms. Lee holds an Honours Bachelor's Degree in Accountancy. She is a fellow member of The Hong Kong Chartered Governance Instituteand The Chartered Governance Institute of the United Kingdom. Ms. Lee also holds a Practitioner's Endorsement from The Hong Kong Chartered Governance Institute and is currently the company secretary/joint company secretary of a number of companies listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange").

Neutral

China Everbright Bank Company Limited, Special/Extraordinary Shareholders Meeting, Dec 28, 2021

2021-11-12 09:35:00

China Everbright Bank Company Limited, Special/Extraordinary Shareholders Meeting, Dec 28, 2021, at 09:30 China Standard Time. Location: 3rd Floor, Tower A, China Everbright Center, No. 25 Taipingqiao Avenue, Xicheng District Xicheng District Beijing Province China Agenda: To consider resolution on donations for supporting designated assistance of china everbright bank company limited; to consider resolution on determination of the remuneration of the former chairman of the board of supervisors for the year 2020 of china everbright bank company limited; and to consider resolution on election of Mr. Li yinzhong as a shareholder supervisor of the eighth session of the board of supervisors of china everbright bank company limited.

Negative

China Everbright Bank Company Limited Announces Resignation of Li Jiayan as Company Secretary

2021-11-12 09:29:00

China Everbright Bank Company Limited announced that, Mr. Li Jiayan has resigned from the positions as the Company Secretary and Authorized Representative of the Company on 12 November 2021 due to job adjustment, and has also resigned from the positions as the Secretary to the Board of Directors and the Securities Affairs Representative of the Company. The resignation of Mr. Li Jiayan will take effect from the date of delivery of the resignation letter to the Board of Directors of the Company on 12 November 2021.

Negative

China Everbright Bank Company Limited Announces Appointment of Mr. Zhao Ling as Vice President

2021-11-12 09:25:00

China Everbright Bank Company Limited announced the appointment of Mr. Zhao Ling as the Vice President of the Company as considered and approved by the board of directors of the Company. The term of office of Mr. Zhao Ling as the Vice President of the Company commenced on 5 November 2021.

Negative

China Everbright Bank Company Limited Reports Credit Impairment Losses for the Quarter Ended September 30, 2021

2021-10-28 11:10:00

China Everbright Bank Company Limited reported Credit impairment losses for the quarter ended September 30, 2021. For the quarter, Credit impairment losses was RMB 14,712 million against RMB 12,463 million a year ago.

Neutral

China Everbright Bank Company Limited to Report Nine Months, 2021 Results on Oct 28, 2021

2021-10-18 10:23:00

China Everbright Bank Company Limited announced that they will report nine months, 2021 results on Oct 28, 2021

Neutral

China Everbright Bank Company Limited, Board Meeting, Oct 28, 2021

2021-10-18 10:23:00

China Everbright Bank Company Limited, Board Meeting, Oct 28, 2021. Agenda: To consider the third quarterly results of the Company for the nine months ended 30 September 2021.

Neutral

China Everbright Bank Company Limited, H1 2021 Earnings Call, Aug 31, 2021

2021-08-30 07:04:00

China Everbright Bank Company Limited, H1 2021 Earnings Call, Aug 31, 2021

Neutral

Aurora Mobile Partners with Credit Card App of China Everbright Bank with Upgraded JPush Integrated Notification Service

2021-08-26 09:42:00

Aurora Mobile Limited announced updates on its partnership with Yang Guang Hui Sheng Huo (“Yang Guang App”), the credit card app of China Everbright Bank. Leveraging the Company’s JPush integrated notification service (“JPush”), Aurora Mobile helps the credit card unit of China Everbright to integrate its messaging service onto one platform to increase user engagement and reach a larger audience. In the mobile Internet era, the wide potential reach of apps has changed the way people keep up with breaking news and follow trending topics. Apps have gradually become the main source for users to track what’s relevant to them, allowing a wider audience to keep abreast of digital information and services. This is especially true for financial apps that are intended for secure personal information and not for social purposes. For these apps, notifications have become an excellent way to increase user activity and engage with more existing users. As the demand continues to grow for services and diversified content, app developers have requested more complex and comprehensive requirements on SDK and notification services. Aurora Mobile continues to provide more secure and reliable services to app developers and operators with its AI-driven JPush solutions. According to the “80-20 rule of operation”, users tend to only use about 20% of the functions of an app, and the usage of the remaining 80% normally requires more guidance and awareness of their benefits. App notifications remain the most effective way to provide such guidance and to increase user retention. Compared with other social applications, it has been observed that the usage trend of financial apps has been closer to the 80-20 rule. In particular, accurate and timely notifications of account status and information stand out as one of the most valued functions within the 20% most used features of an app. In some extreme events, timely reminders of account information can often alert users on any account abnormalities in real-time and reduce financial losses. As a result, financial apps constantly seek more timely, reliable and secure notifications to meet the demand from both financial platforms and users. JPush solutions address this critical need for financial clients. As an early mover on notification services in China, JPush easily integrates notification services for both Android and iOS systems, and supports multiple vendors in terms of customized notifications onto a single platform. JPush rapidly integrates SDK notifications in 3 minutes and delivers notifications within milliseconds. The use of SMS notifications to supplement JPush, when needed, can effectively improve the delivery rates of messages. At the same time, this tried-and-tested architecture of tens of billions of daily average visits has validated the stability of the service, and meets the huge demand for push notifications to a larger user base in the financial industry. In addition, notification security is an important part of JPush. The service adopts customized encryption standard in compliance with SM2, a public key cryptographic algorithm most widely used for electronic authentication. With financial-grade security protection, JPush greatly reduces the risk of hijacking of highly sensitive information. Taking the example of Yang Guang App, the Credit Card App of China Everbright, JPush has customized a notification review mechanism to ensure that all notifications sent from the platform are reviewed and confirmed twice, so as to ensure the accuracy of messages and avoid sending errors. It is not uncommon for financial app developers to spend the majority of manpower and financial resources to maintain their notification services, but user activities and retention rates often do not reflect the high input value. There has also been rising needs for notifications that optimize targeted marketing strategies to promote higher sales conversion rates. Users want to view the latest and most relevant information at a glance. As one of the leading domestic credit card apps in China, Yang Guang App offers a wide range of customer loyalty and reward programs for its customers. To make it less time consuming for users to screen and check the applicability of each program, JPush addresses this problem by leveraging its accurate user profile capabilities and post-performance analysis of notifications, as well as its years of experience in the industry. JPush also helps developers continuously optimize notification strategies, refine app iterations and personalize smart notifications. By improving the click-through rates and conversion rates of notifications, the upgraded JPush effectively eliminates invalid information sent to users. For example, by combining user profiles and user preferences, JPush yields more detailed customer segmentation to cater to experiences, increase reliance and improve user retention rates on an app. Compared with undifferentiated traditional push notifications, the upgraded JPush solutions can improve the cost effectiveness of app notification services. In other words, JPush has been helping clients to engage inactive users through simpler and more effective solutions, thus reducing operational costs and improving efficiency to achieve sustainable business growth.

Neutral

China Everbright Bank Company Limited to Report First Half, 2021 Results on Aug 30, 2021

2021-08-18 08:31:00

China Everbright Bank Company Limited announced that they will report first half, 2021 results on Aug 30, 2021

Neutral

China Everbright Bank Company Limited, Board Meeting, Aug 30, 2021

2021-08-18 08:31:00

China Everbright Bank Company Limited, Board Meeting, Aug 30, 2021. Agenda: TO consider and (if thought fit) approve, among other things, the interim results of the Company for the six months ended 30 June 2021.

Neutral

China Everbright Bank Company Limited has filed a Base Prospectus in the amount of $5 billion.

2021-08-12 00:00:00

China Everbright Bank Company Limited has filed a Base Prospectus in the amount of $5 billion. Security Name: Notes Principal Amount: $5 billion

Fundamental Summary

China Everbright's financial results from Q1 demonstrated decent performance, but will likely only help China Everbright remain on par with its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. We gave China Everbright a 70 rating and a HOLD recommendation.

China Everbright announced earnings results for the half year ended June 30, 2021. For the half year, the company announced net interest income was CNY 55,897 million compared to CNY 54,666 million a year ago. Net income was CNY 22,436 million compared to CNY 18,363 million a year ago.

Business Description

China Everbright provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Seoul, and Sydney. The company operates through Corporate Banking, Retail Banking, Financial Market Business, and Others segments. It offers demand, time, pledged, notice, RMB general and intelligent agreement, structured, and other deposits, as well as certificates of deposit; working capital, fixed asset, project financing, syndicated, entrusted, auto, and other loans; personal loans and advances; overdraft facilities; and credit and debit cards. The company also provides bills acceptance, investment banking, trade finance, agency, cash management, financial consulting and advisory, remittance and settlement, guarantee, wealth management, securities agency, inter-bank money market transactions and investment, repurchase transactions, equity investment and related, leasing, capital market, asset management, treasury, custody, and other financial services, as well as online, mobile, and private banking services. In addition, it trades in debt securities, derivatives, and foreign currency accounts. As of December 31, 2021, it operated 1,304 branches and outlets covering 150 economic center cities across the country. The company was founded in 1992 and is headquartered in Beijing, China.

Sector Overview

China Everbright 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). China Everbright'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 6,247,231.0 5.8% 44
Liabilities 5,754,956.0 6.2% 89
Price to Book 0.4 -6.0% 76
Cash & Equivalents 178,051.0 -20.0% 54
Equity 425,427.0 1.9% 69
Total Revenues 97,967.0 0.0% 69
Parameter Value Change Score
Return on Equity 9.2 -1.2% 61
Net Cashflow 47,793.0 -38.3% 43
Capital Expenditure -5,524.0 -6.6% 54
Free Cashflow -4.9 -126.2% 95

* All values are TTM

The below chart reflects China Everbright'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 China Everbright's peer average final assessment score stands on 70.0, China Everbright's score is 70.

  •  601818
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
China Merchants Bank Co., Ltd. 1.1T 77 63 68
Hold
73
73 0 1
Industrial Bank Co., Ltd. 402.2B 85 67 66
Buy
80
80 1 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 72 61 68
Hold
68
68 2 1
China Minsheng Banking Corp., Ltd. 150.8B 81 62 79
Hold
78
78 3 1
Bank of Nanjing Co., Ltd. 111.2B 82 66 54
Hold
74
74 4 1
Bank of Jiangsu Co., Ltd. 100.3B 83 71 84
Buy
86
86 5 1
Bank of Beijing Co., Ltd. 95.8B 84 59 75
Hold
77
77 6 1
Bank of Shanghai Co., Ltd. 92.8B 90 64 81
Buy
85
85 7 1
Bank of Hangzhou Co., Ltd. 85.0B 81 70 69
Buy
80
80 8 1
Hua Xia Bank Co., Limited 79.1B 81 63 75
Hold
77
77 9 1
Bank of Chengdu Co., Ltd. 61.3B 86 68 58
Buy
79
79 10 1
Bank of Changsha Co., Ltd. 31.4B 79 62 60
Hold
72
72 11 1
QILU BANK CO., LTD. 22.4B 93 69 80
Strong Buy
91
91 12 1
Bank of Guiyang Co.,Ltd. 21.2B 80 62 75
Hold
77
77 13 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 82 71 80
Buy
84
84 14 1
Bank of Xi'an Co.,Ltd. 16.2B 80 56 51
Hold
70
70 15 1
Xiamen Bank Co., Ltd. 15.6B 83 62 82
Buy
80
80 16 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 83 70 69
Buy
81
81 17 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 77 60 53
Hold
70
70 18 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 73 64 79
Hold
73
73 19 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 74 73 70
Hold
76
76 20 1
Ping An Bank Co., Ltd. 281.2B 83 72 85
Strong Buy
87
87 21 1
Bank of Ningbo Co., Ltd. 225.7B 89 70 71
Buy
86
86 22 1
Bank of Suzhou Co., Ltd. 22.1B 92 60 61
Buy
80
80 23 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 74 61 81
Hold
73
73 24 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 77 71 64
Hold
76
76 25 1
Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. 9.3B 77 70 53
Hold
72
72 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. China Everbright's stock is now priced above its 50-day, but below its 5-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 medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), China Everbright's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.

Neutral 62
Close Price 3.19
52W Low 3.1
52W High 3.81
5D MA 3.2
50D MA 3.17
200D MA 3.32
MACD 0.01
RSI 1.05
STOCH 60.0

Balance Sheet Analysis

Two main balance sheet metrics are driving the positive outlook for China Everbright's financial strength going forward. China Everbright has done an excellent job managing its liabilities. China Everbright's liabilities stood at 5754956.0 in the current filing, which represents a 6.2% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 89. Also, China Everbright publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 0.4 and represents a -6.0% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Consequently, their book value factors movement received a grade of 76. On the other hand, Assets, jumped out as looking problematic. China Everbright assets metrics were reported as 6247231.0, representing a 5.8% change from the last filing. This unimpressive metric is weaker than its peers and competitors. Consequently, their asset movement received a grade of 44. Therefore, we scored its balance sheet a 76.

Parameter Value Change Score
Assets 6,247,231.0 5.8% 44
Liabilities 5,754,956.0 6.2% 89
Price to Book 0.4 -6.0% 76
Cash & Equivalents 178,051.0 -20.0% 54
Equity 425,427.0 1.9% 69
* All values are TTM

The below chart describes China Everbright's performance as reflected on its balance sheet with respect to its peers. While China Everbright received a balance sheet score of 76, the average of its peers stands on 74.0.

  •  601818
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
China Merchants Bank Co., Ltd. 1.1T 72 81 68 37 84 77 0 1
Industrial Bank Co., Ltd. 402.2B 74 80 68 90 82 85 1 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 74 70 55 51 76 72 2 1
China Minsheng Banking Corp., Ltd. 150.8B 80 45 69 90 77 81 3 1
Bank of Nanjing Co., Ltd. 111.2B 81 51 51 89 82 82 4 1
Bank of Jiangsu Co., Ltd. 100.3B 87 85 55 92 78 83 5 1
Bank of Beijing Co., Ltd. 95.8B 64 63 68 67 90 84 6 1
Bank of Shanghai Co., Ltd. 92.8B 83 62 54 90 90 90 7 1
Bank of Hangzhou Co., Ltd. 85.0B 82 63 54 87 79 81 8 1
Hua Xia Bank Co., Limited 79.1B 79 49 69 89 76 81 9 1
Bank of Chengdu Co., Ltd. 61.3B 83 76 68 82 83 86 10 1
Bank of Changsha Co., Ltd. 31.4B 74 63 69 72 79 79 11 1
QILU BANK CO., LTD. 22.4B 80 59 95 77 89 93 12 1
Bank of Guiyang Co.,Ltd. 21.2B 74 61 69 77 80 80 13 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 85 81 69 60 81 82 14 1
Bank of Xi'an Co.,Ltd. 16.2B 81 55 67 97 75 80 15 1
Xiamen Bank Co., Ltd. 15.6B 86 66 69 84 78 83 16 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 83 72 69 81 79 83 17 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 41 80 56 95 80 77 18 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 66 72 55 62 78 73 19 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 78 77 55 60 75 74 20 1
Ping An Bank Co., Ltd. 281.2B 79 78 69 88 79 83 21 1
Bank of Ningbo Co., Ltd. 225.7B 86 51 68 97 84 89 22 1
Bank of Suzhou Co., Ltd. 22.1B 91 82 54 97 89 92 23 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 66 68 55 72 77 74 24 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 84 53 55 65 79 77 25 1
Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. 9.3B 76 66 69 76 74 77 26 1

Income Statement Analysis

China Everbright appears likely to maintain its strong income statement metrics, especially Revenue Efficiency. China Everbright did an excellent job managing its revenue efficiency this past period. China Everbright's revenue efficiency is 97967.0 according to the metrics in the current filing, which represents a 0.0% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 2.3%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. As a result, its revenue efficiency earned a score of 69. That said, one metric, Return Factors, stood out as strongly negative. In this filing, China Everbright reported a return on equity (ROE) ratio of 9.2, which represents a growth of -1.2%. This metric might have a 12.5 percent impact on companies in the same industry and with the same market capitalization. They does not yet appear to be headed in the right direction regarding these return on equity and return on assets metrics. Its return factors (ROA & ROE) components, therefore, received a grade of 61. their income statement received an overall score of 63.

Parameter Value Change Score
Total Revenues 97,967.0 0.0% 69
Return on Equity 9.2 -1.2% 61
* All values are TTM

The below chart describes China Everbright's performance as reflected on its income statement with respect to its peers. While China Everbright received a income statement score of 63 , the average of its peers stands on 64.0.

  •  601818
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
China Merchants Bank Co., Ltd. 1.1T 58 68 61 63 0 1
Industrial Bank Co., Ltd. 402.2B 48 67 73 67 1 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 80 67 54 61 2 1
China Minsheng Banking Corp., Ltd. 150.8B 85 67 55 62 3 1
Bank of Nanjing Co., Ltd. 111.2B 48 65 74 66 4 1
Bank of Jiangsu Co., Ltd. 100.3B 48 69 80 71 5 1
Bank of Beijing Co., Ltd. 95.8B 63 68 50 59 6 1
Bank of Shanghai Co., Ltd. 92.8B 66 67 61 64 7 1
Bank of Hangzhou Co., Ltd. 85.0B 48 66 82 70 8 1
Hua Xia Bank Co., Limited 79.1B 61 67 61 63 9 1
Bank of Chengdu Co., Ltd. 61.3B 44 68 75 68 10 1
Bank of Changsha Co., Ltd. 31.4B 57 68 58 62 11 1
QILU BANK CO., LTD. 22.4B 50 68 76 69 12 1
Bank of Guiyang Co.,Ltd. 21.2B 69 67 58 62 13 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 52 71 77 71 14 1
Bank of Xi'an Co.,Ltd. 16.2B 47 64 58 56 15 1
Xiamen Bank Co., Ltd. 15.6B 48 68 59 62 16 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 66 68 76 70 17 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 81 71 55 60 18 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 54 69 61 64 19 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 84 69 77 73 20 1
Ping An Bank Co., Ltd. 281.2B 53 68 81 72 21 1
Bank of Ningbo Co., Ltd. 225.7B 55 68 76 70 22 1
Bank of Suzhou Co., Ltd. 22.1B 53 66 58 60 23 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 62 67 57 61 24 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 64 67 79 71 25 1
Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. 9.3B 51 68 77 70 26 1

Cash Flow Analysis

A deep look into China Everbright's cash flow metrics showed some disappointing metrics. The most troubling factors we're looking at are Net Cash Flow and Capital Expenditure. China Everbright's produced underwhelming cash flow numbers in this filing. Net cash flow was reported as 47793.0, which is a -38.3% change from the last report. China Everbright's net cash flow metrics are especially disappointing relative to their peers. Consequently, their net cash flow movement received a grade of 43. Also, China Everbright's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -5524.0, which represents a -6.6% change from the last period. This performance is all the more uninspiring relative to their peers and competitors. Consequently, their CapEx movement received a grade of 54. On the other hand, Free Cash flow, jumped out as looking rather positive. China Everbright did a great job related to free cash flow this period, which stood at -4.9, representing a -126.2% change from the previous filing. This parameter coud affect companies in the same industry and market capitalization 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 95. Therefore, their cash flow earned a grade of 56.

Parameter Value Change Score
Net Cashflow 47,793.0 -38.3% 43
Capital Expenditure -5,524.0 -6.6% 54
Free Cashflow -4.9 -126.2% 95
* All values are TTM

The below chart describes China Everbright's performance as reflected on its cash flow with respect to its peers. While China Everbright received a cash flow score of 56, the average of its peers stands on 66.0.

  •  601818
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
China Merchants Bank Co., Ltd. 1.1T 90 45 44 69 68 0 1
Industrial Bank Co., Ltd. 402.2B 81 56 47 69 66 1 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 48 87 85 69 68 2 1
China Minsheng Banking Corp., Ltd. 150.8B 84 45 91 69 79 3 1
Bank of Nanjing Co., Ltd. 111.2B 49 84 48 69 54 4 1
Bank of Jiangsu Co., Ltd. 100.3B 93 41 90 69 84 5 1
Bank of Beijing Co., Ltd. 95.8B 67 67 92 69 75 6 1
Bank of Shanghai Co., Ltd. 92.8B 95 38 80 69 81 7 1
Bank of Hangzhou Co., Ltd. 85.0B 49 87 90 69 69 8 1
Hua Xia Bank Co., Limited 79.1B 80 57 69 69 75 9 1
Bank of Chengdu Co., Ltd. 61.3B 66 67 45 69 58 10 1
Bank of Changsha Co., Ltd. 31.4B 59 81 45 69 60 11 1
QILU BANK CO., LTD. 22.4B 81 54 90 69 80 12 1
Bank of Guiyang Co.,Ltd. 21.2B 67 67 90 69 75 13 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 71 73 81 69 80 14 1
Bank of Xi'an Co.,Ltd. 16.2B 43 90 62 67 51 15 1
Xiamen Bank Co., Ltd. 15.6B 93 40 85 69 82 16 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 96 37 44 69 69 17 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 46 99 50 67 53 18 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 82 52 84 69 79 19 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 85 50 56 69 70 20 1
Ping An Bank Co., Ltd. 281.2B 91 42 96 69 85 21 1
Bank of Ningbo Co., Ltd. 225.7B 93 38 59 69 71 22 1
Bank of Suzhou Co., Ltd. 22.1B 61 78 49 69 61 23 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 86 49 84 69 81 24 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 39 98 84 69 64 25 1
Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. 9.3B 42 94 51 69 53 26 1

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