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Bank of Guiyang Co.,Ltd. (601997) Report Analysis

Corporate Events

Positive

Bank of Guiyang Co.,Ltd., 0.30 (CNY), Cash Divi...

2022-04-29 00:00:00

Bank of Guiyang Co.,Ltd., 0.30 (CNY), Cash Dividend, Jun-09-2022

Positive

Guishang County Bank of Guangyuan City Co., Ltd...

2022-03-31 00:00:00

On March 31, 2022, Guishang County Bank of Guangyuan City Co., Ltd. closed the transaction. The company amended the transaction and issued 281...

Positive

Guishang County Bank of Guangyuan City Co., Ltd...

2021-10-22 00:00:00

Guishang County Bank of Guangyuan City Co., Ltd. announced that it would receive not more than CNY 300,000,000 in an equity round of funding f...

Positive

Bank of Guiyang Co.,Ltd.(XSSC:601997) added to ...

2021-09-20 00:00:00

Bank of Guiyang Co.,Ltd.(XSSC:601997) added to S&P Global BMI Index

Positive

Bank of Guiyang Co.,Ltd., 0.30 (CNY), Cash Dividend, Jun-09-2022

2022-04-29 00:00:00

Bank of Guiyang Co.,Ltd., 0.30 (CNY), Cash Dividend, Jun-09-2022

Positive

Guishang County Bank of Guangyuan City Co., Ltd. announced that it has received CNY 379.999999 million in funding from Bank of Guiyang Co.,Ltd., and other investors

2022-03-31 00:00:00

On March 31, 2022, Guishang County Bank of Guangyuan City Co., Ltd. closed the transaction. The company amended the transaction and issued 281,481,481 shares at CNY 1.35 per share for gross proceeds of CNY 379,999,999.35. Bank of Guiyang Co.,Ltd. subscribed 180,356,601 shares for CNY 243,481,411.35 and increased stake from 51% to 55.89%. Banking and Insurance Regulatory Commission Guangyuan Supervision Branch approved the changes of registered capital from CNY 470,475,000 to CNY 751,956,481. The company obtained the business license renewed by the Guangyuan City Market Supervision and Administration Bureau of Sichuan Province.

Positive

Guishang County Bank of Guangyuan City Co., Ltd. announced that it expects to receive CNY 300 million in funding from Bank of Guiyang Co.,Ltd.

2021-10-22 00:00:00

Guishang County Bank of Guangyuan City Co., Ltd. announced that it would receive not more than CNY 300,000,000 in an equity round of funding from returning investor Bank of Guiyang Co.,Ltd. on October 22, 2021. After the completion of the transaction, investor will hold not less than 51% stake in the company. The transaction has been approved in the fifth extraordinary meeting of the fifth session of the board of directors of the investor. The transaction has been approved in the fifth interim meeting of the Fifth Board of Supervisors in 2021.

Positive

Bank of Guiyang Co.,Ltd.(XSSC:601997) added to S&P Global BMI Index

2021-09-20 00:00:00

Bank of Guiyang Co.,Ltd.(XSSC:601997) added to S&P Global BMI Index

Fundamental Summary

At a high level, the metrics from Bank of Guiyang's Q1 financial report release provided many positive indicators. Their income and value factors indicate a well-executed and balanced strategy, which is generating exciting income. This relative strength should allow Bank of Guiyang to continue to perform well even in a tough market. As such, Bank of Guiyang received an overall score of 77 and a HOLD recommendation.

Bank of Guiyang reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was CNY 3,198.46 million compared to CNY 3,170.04 million a year ago. Net income was CNY 1,590.15 million compared to CNY 1,571.59 million a year ago. Basic earnings per share from continuing operations was CNY 0.43 compared to CNY 0.49 a year ago. Diluted earnings per share from continuing operations was CNY 0.43 compared to CNY 0.49 a year ago.

Business Description

Bank of Guiyang Co., Ltd. provides various financial and banking products and services in China. It offers current savings products; and zero deposit, interest, notice, demand, time, notification, agreement, and treasury cash deposit products. The company also provides various loan products, such as working capital, fixed asset, business, real estate project development, inventory guarantee, mortgage, forest property pledge, consumer, structure, entrusted, trade, and home loans; credit cards; payment and account management services; and online and mobile banking services. In addition, it engages in investment banking, fund, consulting, bond underwriting, asset securitization, letter of credit and guarantee, and insurance agency businesses. The company was formerly known as Guiyang Commercial Bank and changed its name to Bank of Guiyang Co., Ltd. in 2012. Bank of Guiyang Co., Ltd. was founded in 1997 and is headquartered in Guiyang, China.

Sector Overview

Bank of Guiyang 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). Bank of Guiyang'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 623,627.6 4.4% 61
Liabilities 567,807.8 4.3% 74
Price to Book 0.5 -15.7% 80
Cash & Equivalents 18,504.2 19.4% 77
Equity 48,937.3 6.5% 69
Total Revenues 10,977.2 0.1% 69
Parameter Value Change Score
Return on Equity 12.3 -5.2% 58
Net Cashflow -10,776.0 -75.6% 67
Capital Expenditure -426.4 37.1% 90
Free Cashflow -5.8 -679.8% 67

* All values are TTM

The below chart reflects Bank of Guiyang'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 Bank of Guiyang's peer average final assessment score stands on 70.0, Bank of Guiyang's score is 77.

  •  601997
  •  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
QILU BANK CO., LTD. 22.4B 93 69 80
Strong Buy
91
91 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. Bank of Guiyang's stock is now priced above its 5-day, but below its 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 positive setup in the near-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), Bank of Guiyang'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 52.

Bearish 52
Close Price 5.84
52W Low 5.81
52W High 7.59
5D MA 5.82
50D MA 6.04
200D MA 6.45
MACD -0.07
RSI 0.49
STOCH 13.04

Balance Sheet Analysis

Two metrics jump up as the most significant positive drivers of the balance sheet strength in Bank of Guiyang's recent report: Book Value Factors and Cash & Equivalents. Bank of Guiyang publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 0.5 and represents a -15.7% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. The company's book value factors component, therefore, received a grade of 80. Also, Bank of Guiyang reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 18504.2, representing 19.4% change from the last report. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Consequently, their cash and cash equivalents movement received a grade of 77. That said, one metric, Assets, stood out as particularly concerning. Bank of Guiyang's management did not succeed in significantly improving the value of the assets on their balance sheet, which now sits at 623627.6 and represents a 4.4% change from the previous report. 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 61. Similarly, because the company's management is doing an excellent job managing these critical metrics, the balance sheet was given a score of 80.

Parameter Value Change Score
Assets 623,627.6 4.4% 61
Liabilities 567,807.8 4.3% 74
Price to Book 0.5 -15.7% 80
Cash & Equivalents 18,504.2 19.4% 77
Equity 48,937.3 6.5% 69
* All values are TTM

The below chart describes Bank of Guiyang's performance as reflected on its balance sheet with respect to its peers. While Bank of Guiyang received a balance sheet score of 80, the average of its peers stands on 74.0.

  •  601997
  •  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
QILU BANK CO., LTD. 22.4B 80 59 95 77 89 93 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

Bank of Guiyang appears likely to maintain its strong income statement metrics, especially Revenue Efficiency. Bank of Guiyang's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 2.3%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. Consequently, their revenue efficiency received a grade of 69. That said, one metric, Return Factors, stood out as strongly negative. Return factors metrics and ratios were disappointing in this report. Bank of Guiyang reported a return on equity (ROE) ratio of 12.3, representing a change of -5.2% from the last report.change of -5.2% from the previous period. This metric might have a 12.5 percent impact on companies in the same industry and with the same market capitalization. These numbers show that management has been unsuccessful in fostering appropriate growth related to return on assets and return on equity momentum relative to their peers. Its return factors (ROA & ROE) components, therefore, received a grade of 58. their income statement received an overall score of 62.

Parameter Value Change Score
Total Revenues 10,977.2 0.1% 69
Return on Equity 12.3 -5.2% 58
* All values are TTM

The below chart describes Bank of Guiyang's performance as reflected on its income statement with respect to its peers. While Bank of Guiyang received a income statement score of 62 , the average of its peers stands on 65.0.

  •  601997
  •  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
QILU BANK CO., LTD. 22.4B 50 68 76 69 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

Bank of Guiyang appears likely to maintain its strong cash flow metrics and momentum going forward. Bank of Guiyang's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Bank of Guiyang recorded CapEx of -426.4, which represents 37.1% change from the previous report. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its CapEx movement component earned a score of 90. Also, Bank of Guiyang's management was effective in improving their net cash flow, which now sits at -10776.0 and represents a -75.6% change from the previous report. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. The company's net cash flow, therefore, received a grade of 67. That said, one metric, Net Cash Flow, stood out as strongly negative. Bank of Guiyang's net cash flow metrics were -10776.0 according to their current filing, which represents a -75.6% change from the previous report. As demonstrated by these concerning net cash flow metrics, their priorities seem to be headed in the wrong direction. Its net cash flow, therefore, received a grade of 67. The company's cash flow received an overall score of 75.

Parameter Value Change Score
Net Cashflow -10,776.0 -75.6% 67
Capital Expenditure -426.4 37.1% 90
Free Cashflow -5.8 -679.8% 67
* All values are TTM

The below chart describes Bank of Guiyang's performance as reflected on its cash flow with respect to its peers. While Bank of Guiyang received a cash flow score of 75, the average of its peers stands on 66.0.

  •  601997
  •  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
QILU BANK CO., LTD. 22.4B 81 54 90 69 80 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.