Loading..

QILU BANK CO., LTD. (601665) Report Analysis

Corporate Events

Positive

QILU BANK CO., LTD.(SHSE:601665) added to Shang...

2022-06-20 00:00:00

QILU BANK CO., LTD. has been added to Shanghai Stock Exchange Composite Index .

Positive

QILU BANK CO., LTD.(SHSE:601665) added to Shang...

2022-06-20 00:00:00

QILU BANK CO., LTD. has been added to Shanghai Stock Exchange A Share Index .

Positive

QILU BANK CO., LTD. has completed a Fixed-Incom...

2021-09-10 00:00:00

QILU BANK CO., LTD. has completed a Fixed-Income Offering in the amount of CNY 4 billion. Security Name: 4.18% Bonds due September 14, 2031...

Positive

QILU BANK CO., LTD. has announced a Fixed-Incom...

2021-09-07 00:00:00

QILU BANK CO., LTD. has announced a Fixed-Income Offering. Security Name: Bonds Security Type: Corporate Bond/Note (Non Convertible)

Positive

QILU BANK CO., LTD.(SHSE:601665) added to Shanghai Stock Exchange Composite Index

2022-06-20 00:00:00

QILU BANK CO., LTD. has been added to Shanghai Stock Exchange Composite Index .

Positive

QILU BANK CO., LTD.(SHSE:601665) added to Shanghai Stock Exchange A Share Index

2022-06-20 00:00:00

QILU BANK CO., LTD. has been added to Shanghai Stock Exchange A Share Index .

Positive

QILU BANK CO., LTD. has completed a Fixed-Income Offering in the amount of CNY 4 billion.

2021-09-10 00:00:00

QILU BANK CO., LTD. has completed a Fixed-Income Offering in the amount of CNY 4 billion. Security Name: 4.18% Bonds due September 14, 2031 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: CNY 4 billion Price\Range: 100% Coupon Type: Fixed

Positive

QILU BANK CO., LTD. has announced a Fixed-Income Offering.

2021-09-07 00:00:00

QILU BANK CO., LTD. has announced a Fixed-Income Offering. Security Name: Bonds Security Type: Corporate Bond/Note (Non Convertible)

Fundamental Summary

The financials published by QILU for Q1 were strong and encouraging. it generate impressive and balanced results that reveal its underlying strength, not only in terms of value but also due to its impressive growth and income factors. These encouraging results suggest a bright future for QILU's stock. Therefore, QILU earned a score of 91 and a STRONG BUY recommendation.

QILU reported earnings results for the first quarter ended March 30, 2022. For the first quarter, the company reported net interest income was CNY 1,955.54 million compared to CNY 1,710.24 million a year ago. Net income was CNY 903.92 million compared to CNY 752.94 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to CNY 0.18 a year ago. Diluted earnings per share from continuing operations was CNY 0.17 compared to CNY 0.18 a year ago.

Business Description

QILU provides personal and corporate banking services in the People’s Republic of China. The company offers personal savings products, including deposits and withdrawals; personal demand, savings, and education savings deposits; personal, housing mortgage, consumer credit, home and home improvement, parking, salary, and other loans; wealth management services; credit cards; and insurance products. It also provides corporate deposits; and corporate financing; supply chain financing; cash management; and investment banking products and services. In addition, the company offers international banking products and services, such as foreign exchange funds, accounts, deposits, and guarantees; trade financing; remittance route; international settlement services; commercial acceptance bills bonding/guarantee services; and Internet banking services. Further, it is involved in bills discounting and execution, interbank lending and investment, bond investment and spot bond trading, and foreign exchange and derivatives trading activities. The company was formerly known as Jinan City Commercial Bank Co., Ltd and changed its name to QILU on June 6, 2009. QILU was founded in 1996 and is based in Jinan, the People's Republic of China.

Sector Overview

QILU 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). QILU'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 453,130.2 8.8% 59
Liabilities 419,871.6 9.0% 80
Price to Book 0.8 -26.7% 89
Cash & Equivalents 11,575.4 17.8% 77
Equity 33,004.2 5.4% 95
Total Revenues 6,311.9 9.3% 50
Parameter Value Change Score
Return on Equity 10.1 4.0% 76
Net Cashflow -3,070.8 -359.4% 81
Capital Expenditure -197.4 39.7% 90
Free Cashflow 6.9 38.9% 54

* All values are TTM

The below chart reflects QILU'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 QILU's peer average final assessment score stands on 75.0, QILU's score is 91.

  •  601665
  •  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 Everbright Bank Company Limited 160.4B 76 63 56
Hold
70
70 3 1
China Minsheng Banking Corp., Ltd. 150.8B 81 62 79
Hold
78
78 4 1
Bank of Nanjing Co., Ltd. 111.2B 82 66 54
Hold
74
74 5 1
Bank of Jiangsu Co., Ltd. 100.3B 83 71 84
Buy
86
86 6 1
Bank of Beijing Co., Ltd. 95.8B 84 59 75
Hold
77
77 7 1
Bank of Shanghai Co., Ltd. 92.8B 90 64 81
Buy
85
85 8 1
Bank of Hangzhou Co., Ltd. 85.0B 81 70 69
Buy
80
80 9 1
Hua Xia Bank Co., Limited 79.1B 81 63 75
Hold
77
77 10 1
Bank of Chengdu Co., Ltd. 61.3B 86 68 58
Buy
79
79 11 1
Bank of Changsha Co., Ltd. 31.4B 79 62 60
Hold
72
72 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. QILU's stock is now priced below 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 weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), QILU's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 4.9
52W Low 4.89
52W High 12.43
5D MA 4.9
50D MA 5.24
200D MA 5.54
MACD -0.08
RSI 0.86
STOCH 1.75

Balance Sheet Analysis

Overall, QILU's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. QILU produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. QILU's equity was reported as 33004.2, which represents a 5.4% change from the last report. Companies in the same sector and market capitalization will usually be affected by up to 7.1 percent by this parameter. This performance is significantly more impressive than its peers and competitors. The company's equity movement component, therefore, received a grade of 95. Also, QILU's price to book ratio (P/B) was reported as 0.8 and represents -26.7% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Therefore, its book value factors earned a score of 89. That said, one metric, Assets, stood out as particularly concerning. QILU assets metrics were reported as 453130.2, representing a 8.8% change from the last filing. The lack of good news about assets momentum should be a cause for concern and is often met with downward pressure on the company's stock price. Consequently, their asset movement received a grade of 59. Similarly, because its management is doing an excellent job managing these critical metrics, the balance sheet was given a score of 93.

Parameter Value Change Score
Assets 453,130.2 8.8% 59
Liabilities 419,871.6 9.0% 80
Price to Book 0.8 -26.7% 89
Cash & Equivalents 11,575.4 17.8% 77
Equity 33,004.2 5.4% 95
* All values are TTM

The below chart describes QILU's performance as reflected on its balance sheet with respect to its peers. While QILU received a balance sheet score of 93, the average of its peers stands on 72.0.

  •  601665
  •  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 Everbright Bank Company Limited 160.4B 89 44 69 54 76 76 3 1
China Minsheng Banking Corp., Ltd. 150.8B 80 45 69 90 77 81 4 1
Bank of Nanjing Co., Ltd. 111.2B 81 51 51 89 82 82 5 1
Bank of Jiangsu Co., Ltd. 100.3B 87 85 55 92 78 83 6 1
Bank of Beijing Co., Ltd. 95.8B 64 63 68 67 90 84 7 1
Bank of Shanghai Co., Ltd. 92.8B 83 62 54 90 90 90 8 1
Bank of Hangzhou Co., Ltd. 85.0B 82 63 54 87 79 81 9 1
Hua Xia Bank Co., Limited 79.1B 79 49 69 89 76 81 10 1
Bank of Chengdu Co., Ltd. 61.3B 83 76 68 82 83 86 11 1
Bank of Changsha Co., Ltd. 31.4B 74 63 69 72 79 79 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

QILU appears likely to maintain its strong income statement metrics, especially Return Factors. Return factors metrics and ratios were exceptional in this report. QILU reported a return on equity (ROE) ratio of 10.1, representing a change of 4.0% from the last report. Its return factor metrics are even more remarkable when compared to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 76. That said, one metric, Revenue Efficiency, stood out as strongly negative. QILU management did an underwhelming job managing revenue efficiency this past period. QILU's revenue efficiency is 6311.9 according to the metrics in the current filing, which represents a 9.3% 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. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. As a result, their revenue efficiency earned a score of 50. their income statement received an overall score of 69.

Parameter Value Change Score
Total Revenues 6,311.9 9.3% 50
Return on Equity 10.1 4.0% 76
* All values are TTM

The below chart describes QILU's performance as reflected on its income statement with respect to its peers. While QILU received a income statement score of 69 , the average of its peers stands on 67.0.

  •  601665
  •  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 Everbright Bank Company Limited 160.4B 69 67 61 63 3 1
China Minsheng Banking Corp., Ltd. 150.8B 85 67 55 62 4 1
Bank of Nanjing Co., Ltd. 111.2B 48 65 74 66 5 1
Bank of Jiangsu Co., Ltd. 100.3B 48 69 80 71 6 1
Bank of Beijing Co., Ltd. 95.8B 63 68 50 59 7 1
Bank of Shanghai Co., Ltd. 92.8B 66 67 61 64 8 1
Bank of Hangzhou Co., Ltd. 85.0B 48 66 82 70 9 1
Hua Xia Bank Co., Limited 79.1B 61 67 61 63 10 1
Bank of Chengdu Co., Ltd. 61.3B 44 68 75 68 11 1
Bank of Changsha Co., Ltd. 31.4B 57 68 58 62 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

QILU appears likely to maintain its strong cash flow metrics and momentum going forward. QILU's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. QILU recorded CapEx of -197.4, which represents 39.7% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. The company's CapEx movement, therefore, received a grade of 90. Also, QILU presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of -3070.8, which is a change of -359.4% from the last filing. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. Consequently, their net cash flow movement received a grade of 81. That said, one metric, Free Cash flow, stood out as strongly negative. QILU's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. QILU recorded free cash flow of 6.9, which represents 38.9% growth from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 9.3%. These free cash flow numbers show that management has not been executing well in generating critical cash flow while also encouraging growth. Its free cash flow movement, therefore, received a grade of 54. Consequently, its cash flow earned a score of 80.

Parameter Value Change Score
Net Cashflow -3,070.8 -359.4% 81
Capital Expenditure -197.4 39.7% 90
Free Cashflow 6.9 38.9% 54
* All values are TTM

The below chart describes QILU's performance as reflected on its cash flow with respect to its peers. While QILU received a cash flow score of 80, the average of its peers stands on 77.0.

  •  601665
  •  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 Everbright Bank Company Limited 160.4B 43 95 54 69 56 3 1
China Minsheng Banking Corp., Ltd. 150.8B 84 45 91 69 79 4 1
Bank of Nanjing Co., Ltd. 111.2B 49 84 48 69 54 5 1
Bank of Jiangsu Co., Ltd. 100.3B 93 41 90 69 84 6 1
Bank of Beijing Co., Ltd. 95.8B 67 67 92 69 75 7 1
Bank of Shanghai Co., Ltd. 92.8B 95 38 80 69 81 8 1
Bank of Hangzhou Co., Ltd. 85.0B 49 87 90 69 69 9 1
Hua Xia Bank Co., Limited 79.1B 80 57 69 69 75 10 1
Bank of Chengdu Co., Ltd. 61.3B 66 67 45 69 58 11 1
Bank of Changsha Co., Ltd. 31.4B 59 81 45 69 60 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

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.