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China Minsheng Banking Corp., Ltd. (600016) Report Analysis

Corporate Events

Positive

China Minsheng Banking Corp., Ltd. Approves Cas...

2022-06-10 14:53:00

China Minsheng Banking Corp., Ltd. announced that at its AGM held on 10 June 2022, the shareholders approved profit distribution of cash divid...

Neutral

China Minsheng Banking Corp., Ltd. Approves Ame...

2022-06-10 14:53:00

China Minsheng Banking Corp., Ltd. announced that at its AGM held on 10 June 2022, the shareholders approved the amendments to the articles of...

Positive

China Minsheng Banking Corp., Ltd. Proposes Ord...

2022-05-05 11:10:00

China Minsheng Banking Corp., Ltd. proposed Ordinary Final Dividend of RMB 2.13 per 10 share for the Year Ended 31 December 2021. Date of shar...

Neutral

China Minsheng Banking Corp., Ltd., Annual Gene...

2022-04-22 12:17:00

China Minsheng Banking Corp., Ltd., Annual General Meeting, Jun 10, 2022, at 14:00 China Standard Time. Location: Conference Room No. 3, 1/F, ...

Neutral

China Minsheng Banking Corp., Ltd. Proposes Ame...

2022-04-22 12:17:00

China Minsheng Banking Corp., Ltd. at its AGM to be held on 10 June 2022 proposed amendments to the Articles of Association.

Positive

China Minsheng Banking Corp., Ltd. Proposes Fin...

2022-04-22 12:08:00

China Minsheng Banking Corp., Ltd. at its AGM to be held on 10 June 2022 proposed final dividend of RMB 2.13 per 10 share to the A Shareholder...

Neutral

China Minsheng Banking Corp., Ltd. to Report Q1...

2022-04-19 11:01:00

China Minsheng Banking Corp., Ltd. announced that they will report Q1, 2022 results on Apr 29, 2022

Neutral

China Minsheng Banking Corp., Ltd., Board Meeti...

2022-04-19 11:01:00

China Minsheng Banking Corp., Ltd., Board Meeting, Apr 29, 2022. Agenda: To consider and approve the announcement of the first quarterly resul...

Positive

China Minsheng Banking Corp., Ltd. Announces Fi...

2022-03-29 14:51:00

China Minsheng Banking Corp., Ltd. announced final dividend of RMB 2.13 per 10 share for the year ended 31 December 2021.

Neutral

China Minsheng Banking Corp., Ltd. Proposes Ame...

2022-03-29 13:51:00

China Minsheng Banking Corp., Ltd. proposed amendments to the Articles of Association.

Positive

China Minsheng Banking Corp., Ltd., 0.213 (CNY)...

2022-03-29 00:00:00

China Minsheng Banking Corp., Ltd., 0.213 (CNY), Cash Dividend, Jun-24-2022

Neutral

China Minsheng Banking Corp., Ltd., 2021 Earnin...

2022-03-25 03:24:00

China Minsheng Banking Corp., Ltd., 2021 Earnings Call, Mar 30, 2022

Neutral

China Minsheng Banking Corp., Ltd. Announcement...

2022-01-28 11:36:00

China Minsheng Banking Corp., Ltd. has recently completed the changes of registration information of the Business License with the Beijing Mun...

Negative

China Minsheng Banking Corp., Ltd. Announces By...

2021-11-26 14:45:00

China Minsheng Banking Corp., Ltd. announced on 25 November 2021, Mr. Guo Dong ceased to be the vice chairman of the supervisory board (the " ...

Neutral

China Minsheng Banking Corp., Ltd. to Report Ni...

2021-10-19 09:20:00

China Minsheng Banking Corp., Ltd. announced that they will report nine months, 2021 results on Oct 29, 2021

Neutral

China Minsheng Banking Corp., Ltd., Board Meeti...

2021-10-19 09:20:00

China Minsheng Banking Corp., Ltd., Board Meeting, Oct 29, 2021. Agenda: To consider the announcement of the results of the Company and its su...

Positive

China Minsheng Banking Corp., Ltd. Announces Di...

2021-09-29 13:44:00

China Minsheng Banking Corp., Ltd. announced Dividend Distribution Plan of the Domestic Preference Shares of RMB 4.38 (before tax) for each pr...

Neutral

China Minsheng Banking Corp., Ltd. to Report Fi...

2021-08-17 08:38:00

China Minsheng Banking Corp., Ltd. announced that they will report first half, 2021 results on Aug 27, 2021

Neutral

China Minsheng Banking Corp., Ltd., Board Meeti...

2021-08-17 08:38:00

China Minsheng Banking Corp., Ltd., Board Meeting, Aug 27, 2021. Agenda: To consider the announcement of the interim results of the Company an...

Positive

China Minsheng Banking Corp., Ltd. Announces Di...

2021-08-04 14:14:00

China Minsheng Banking Corp., Ltd. announced that the Company will distribute USD 79,145,000 of dividends for the Offshore Preference Shares, ...

Neutral

China Minsheng Banking Corp., Ltd. Announces Ch...

2021-07-21 14:11:00

The board of directors of China Minsheng Banking Corp., Ltd. announces that the principal place of business in Hong Kong of the Company be upd...

Positive

China Minsheng Banking Corp., Ltd. Approves Cash Dividend for 2021, Payable on 20 July 2022

2022-06-10 14:53:00

China Minsheng Banking Corp., Ltd. announced that at its AGM held on 10 June 2022, the shareholders approved profit distribution of cash dividend for 2021 as follows: The company will distribute the cash dividend to the H Shareholders whose names appear on the register of members of the company on 22 June 2022 (the record date) in the amount of RMB 2.13 (tax inclusive) for every 10 Shares held. The dividend will be paid to the relevant shareholders by the Receiving Agent on 20 July 2022.

Neutral

China Minsheng Banking Corp., Ltd. Approves Amendments to the Articles of Association

2022-06-10 14:53:00

China Minsheng Banking Corp., Ltd. announced that at its AGM held on 10 June 2022, the shareholders approved the amendments to the articles of association of the company.

Positive

China Minsheng Banking Corp., Ltd. Proposes Ordinary Final Dividend for the Year Ended 31 December 2021, Payable on 20 July 2022

2022-05-05 11:10:00

China Minsheng Banking Corp., Ltd. proposed Ordinary Final Dividend of RMB 2.13 per 10 share for the Year Ended 31 December 2021. Date of shareholders' approval is 10 June 2022. Ex-dividend date is 15 June 2022. Record date is 22 June 2022. Payment date is 20 July 2022.

Neutral

China Minsheng Banking Corp., Ltd., Annual General Meeting, Jun 10, 2022

2022-04-22 12:17:00

China Minsheng Banking Corp., Ltd., Annual General Meeting, Jun 10, 2022, at 14:00 China Standard Time. Location: Conference Room No. 3, 1/F, Minsheng Bank East Gate, No. 28 Xirongxian Lane, Xicheng District, Beijing China Agenda: To consider the resolution regarding the annual report for 2021 of the Company; to consider the resolution regarding the final financial report for 2021 of the Company; to consider the resolution regarding the proposed profit distribution plan for 2021 of the Company; to consider the resolution regarding the annual budgets for 2022 of the Company; to consider the resolution regarding the work report of the Board for 2021 of the Company; to consider the resolution regarding the work report of the Board of Supervisors for 2021 of the Company; to consider the resolution regarding the report of remuneration of Directors for 2021 of the Company; and to consider other matters.

Neutral

China Minsheng Banking Corp., Ltd. Proposes Amendments to the Articles of Association

2022-04-22 12:17:00

China Minsheng Banking Corp., Ltd. at its AGM to be held on 10 June 2022 proposed amendments to the Articles of Association.

Positive

China Minsheng Banking Corp., Ltd. Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 20 July 2022

2022-04-22 12:08:00

China Minsheng Banking Corp., Ltd. at its AGM to be held on 10 June 2022 proposed final dividend of RMB 2.13 per 10 share to the A Shareholders and the H Shareholders for the year ended 31 December 2021. The cash dividend is expected to be paid to H Shareholders on 20 July 2022. For unregistered holders of H Shares who wish to be eligible to receive the cash dividend, all Share certificates and the transfer documents must be lodged with the Company's H Share registrar, Computershare Hong Kong Investor Services Limited at Shops 17121716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, not later than 4:30 p.m. on 16 June 2022. H Shareholders whose names appear on the register of members of the Company on 22 June 2022 will be entitled to receive the dividend (subject to the approval by Shareholders at the AGM).

Neutral

China Minsheng Banking Corp., Ltd. to Report Q1, 2022 Results on Apr 29, 2022

2022-04-19 11:01:00

China Minsheng Banking Corp., Ltd. announced that they will report Q1, 2022 results on Apr 29, 2022

Neutral

China Minsheng Banking Corp., Ltd., Board Meeting, Apr 29, 2022

2022-04-19 11:01:00

China Minsheng Banking Corp., Ltd., Board Meeting, Apr 29, 2022. Agenda: To consider and approve the announcement of the first quarterly results of the Company and its subsidiaries for the three months ended 31 March 2022 for publication.

Positive

China Minsheng Banking Corp., Ltd. Announces Final Dividend

2022-03-29 14:51:00

China Minsheng Banking Corp., Ltd. announced final dividend of RMB 2.13 per 10 share for the year ended 31 December 2021.

Neutral

China Minsheng Banking Corp., Ltd. Proposes Amendments to the Articles of Association

2022-03-29 13:51:00

China Minsheng Banking Corp., Ltd. proposed amendments to the Articles of Association.

Positive

China Minsheng Banking Corp., Ltd., 0.213 (CNY), Cash Dividend, Jun-24-2022

2022-03-29 00:00:00

China Minsheng Banking Corp., Ltd., 0.213 (CNY), Cash Dividend, Jun-24-2022

Neutral

China Minsheng Banking Corp., Ltd., 2021 Earnings Call, Mar 30, 2022

2022-03-25 03:24:00

China Minsheng Banking Corp., Ltd., 2021 Earnings Call, Mar 30, 2022

Neutral

China Minsheng Banking Corp., Ltd. Announcement on the Changes of Registration Information of Business License

2022-01-28 11:36:00

China Minsheng Banking Corp., Ltd. has recently completed the changes of registration information of the Business License with the Beijing MunicipalAdministration for Market Regulation, in which the sales of securities investment fund and securities investment fund custody have been added to the "business scope". The business scope after the changes is as follows: Taking deposits from the public; provision of short, medium and long-term loans;processing domestic and overseas settlements; processing bill acceptance and discount; issuance of financial bonds; acting as issuance agent and payment agent, and underwriting government bonds; dealing in government and corporate bonds; engaging in inter-bank borrowing; dealing in foreign exchange as principal or agency; engaging in settlement and sales of foreign exchange business; engaging in bank card business; providing letterof credit and guarantee; acting as receiving/payment agent; providing safekeeping boxes services; other businesses as approved by the banking regulatory authorities under the State Council; insurance and insurance agency business; sales of securities investment fund, securities investment fund custody. (The market entity shall select business items and carry out operating activities at its own discretion in accordance with the laws; insurance andinsurance agency business, sales of securities investment fund, securities investment fund custody and items subject to approval in accordance with the laws, operating activities can only be conducted upon approval by relevant authorities and to the extent authorized by such approval; it is not allowed to engage in operating activities prohibited or restricted by industrial policies of the State and the municipality.) There is no change in other industrial and commercial registration information of the Company.

Negative

China Minsheng Banking Corp., Ltd. Announces By-Election of Employee Supervisors

2021-11-26 14:45:00

China Minsheng Banking Corp., Ltd. announced on 25 November 2021, Mr. Guo Dong ceased to be the vice chairman of the supervisory board (the " Supervisory Board ") of the China Minsheng Banking Corp., Ltd. (the "Company"), an employee supervisor and a member of the Supervisory Committee under the Supervisory Board of the Company due to reaching retirement age. Mr. Li Jian has resigned as an employee supervisor and a member of the Supervisory Committee under the Supervisory Board of the Company due to work redesignation. On even date, Mr. Yang Yu and Mr. Gong Zhijian have been by-elected as employee supervisors of the Company by the employee representative meeting of the Company. The Supervisory Board hereby confirms that: the appointments of Mr. Yang Yu and Mr. Gong Zhijian as the employee supervisors of the Company have taken effect from 25 November 2021, and the term of office shall be the same as that of the eighth session of the Supervisory Board.

Neutral

China Minsheng Banking Corp., Ltd. to Report Nine Months, 2021 Results on Oct 29, 2021

2021-10-19 09:20:00

China Minsheng Banking Corp., Ltd. announced that they will report nine months, 2021 results on Oct 29, 2021

Neutral

China Minsheng Banking Corp., Ltd., Board Meeting, Oct 29, 2021

2021-10-19 09:20:00

China Minsheng Banking Corp., Ltd., Board Meeting, Oct 29, 2021. Agenda: To consider the announcement of the results of the Company and its subsidiaries for the nine months ended 30 September 2021 for publication.

Positive

China Minsheng Banking Corp., Ltd. Announces Dividend Distribution Plan of the Domestic Preference Shares for the Period from October 18, 2020 to October 17, 2021, Payable on October 18, 2021

2021-09-29 13:44:00

China Minsheng Banking Corp., Ltd. announced Dividend Distribution Plan of the Domestic Preference Shares of RMB 4.38 (before tax) for each preference share, representing a dividend rate of 4.38%. Record date: 15 October 2021,Ex-dividend date: 15 October 2021 and Dividend payment date: 18 October 2021.

Neutral

China Minsheng Banking Corp., Ltd. to Report First Half, 2021 Results on Aug 27, 2021

2021-08-17 08:38:00

China Minsheng Banking Corp., Ltd. announced that they will report first half, 2021 results on Aug 27, 2021

Neutral

China Minsheng Banking Corp., Ltd., Board Meeting, Aug 27, 2021

2021-08-17 08:38:00

China Minsheng Banking Corp., Ltd., Board Meeting, Aug 27, 2021. Agenda: To consider the announcement of the interim results of the Company and its subsidiaries for the six months ended 30 June 2021 for publication.

Positive

China Minsheng Banking Corp., Ltd. Announces Distribution of Dividends for Offshore Preference Shares, Payable on 14 December 2021

2021-08-04 14:14:00

China Minsheng Banking Corp., Ltd. announced that the Company will distribute USD 79,145,000 of dividends for the Offshore Preference Shares, of which USD 71,230,500 will be paid to holder(s) of the Offshore Preference Shares and USD 7,914,500 will be the withheld income tax. The aforementioned dividends for the Offshore Preference Shares amounted to approximately RMB 511,711,998. Dividend period is from 14 December 2020 (inclusive) to 14 December 2021 (non-inclusive). Record date is 13 December 2021 and dividend payment date is 14 December 2021.

Neutral

China Minsheng Banking Corp., Ltd. Announces Change of Principal Place of Business in Hong Kong

2021-07-21 14:11:00

The board of directors of China Minsheng Banking Corp., Ltd. announces that the principal place of business in Hong Kong of the Company be updated to 3701-02, 3712-16, 37/F and 40/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong. Other information of the Company remains unchanged.

Fundamental Summary

According to their recent financial report, which was published on 2022-04-29, China Minsheng Banking had several impressive financial metrics that should make them more attractive than their peers going forward. Their positive income and value factors indicate that it is likely to continue to produce impressive results for the foreseeable future, as well. These results lead us to believe that there should be significant upside potential for the stock. As such, China Minsheng Banking received an overall score of 78 and a HOLD recommendation.

China Minsheng Banking reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was CNY 27,547 million compared to CNY 33,889 million a year ago. Net income was CNY 13,724 million compared to CNY 14,747 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to CNY 0.34 a year ago. Diluted earnings per share from continuing operations was CNY 0.31 compared to CNY 0.34 a year ago.

Business Description

China Minsheng Banking provides various financial products and services to individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments. Its deposit products include saving accounts, deposit certificates, contracted deposits, agreement deposits, call deposits, corporate term deposits, and corporate current deposits. The company also offers personal housing mortgage, individual automobile purchase, household composite consumption, home, medium and long term, and short-term working capital loans; micro-credit products for individuals; debit and credit cards; and safe deposit boxes. In addition, it provides payment and collection, and clearing services, as well as internet, mobile, and telephone banking services. Further, the company offers gross settlement; wages distribution agency and letter of guarantee; cash management; trade finance; industrial chain finance; individual forex settlement, forex remittance, travelers promissory notes, collection, individual deposit certificate, and guarantee letter products; and comprehensive credit granting, forex settlement and sale, financial product investment, and trust financing services. Additionally, it provides convenient finance, investment banking, and asset management services, as well as non-financial services in the education, business travel, traveler, art, luxury life, health, club, and isports areas. As of December 31, 2021, the company has approximately 140 branch-level institutions, 1,193 business outlets, 1,078 community sub-branches, and 136 small business sub-branches. China Minsheng Banking was founded in 1996 and is headquartered in Beijing, the People's Republic of China.

Sector Overview

China Minsheng Banking 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 Minsheng Banking'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 7,157,698.0 2.9% 45
Liabilities 6,558,951.0 3.0% 80
Price to Book 0.3 -7.7% 77
Cash & Equivalents 254,931.0 56.0% 90
Equity 566,432.0 2.2% 69
Total Revenues 89,956.0 -1.3% 85
Parameter Value Change Score
Return on Equity 5.9 -4.6% 55
Net Cashflow 137,471.0 2399.9% 84
Capital Expenditure -5,331.0 19.9% 91
Free Cashflow 5.2 54.9% 45

* All values are TTM

The below chart reflects China Minsheng Banking'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 Minsheng Banking's peer average final assessment score stands on 72.0, China Minsheng Banking's score is 78.

  •  600016
  •  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
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 Minsheng Banking'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. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), China Minsheng Banking'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 47.

Bearish 47
Close Price 3.7
52W Low 3.57
52W High 4.64
5D MA 3.78
50D MA 3.77
200D MA 3.88
MACD -0.0
RSI 3.09
STOCH 4.17

Balance Sheet Analysis

Overall, China Minsheng Banking's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. China Minsheng Banking's management was effective in improving its cash and cash equivalents metrics, which now sit at 254931.0. This represents 56.0% change from the last reporting period. This performance is significantly more impressive than its peers and competitors. It suggests that their stock price has room to grow to reflect its actual intrinsic value. The company's cash and cash equivalents movement, therefore, received a grade of 90. Also, In terms of liabilities, China Minsheng Banking published good numbers. Their reported liabilities were 6558951.0, representing a 3.0% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 80. However, one concerning metric, Assets, stood out. China Minsheng Banking assets metrics were reported as 7157698.0, representing a 2.9% 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 45. Therefore, it received a score of 81.

Parameter Value Change Score
Assets 7,157,698.0 2.9% 45
Liabilities 6,558,951.0 3.0% 80
Price to Book 0.3 -7.7% 77
Cash & Equivalents 254,931.0 56.0% 90
Equity 566,432.0 2.2% 69
* All values are TTM

The below chart describes China Minsheng Banking's performance as reflected on its balance sheet with respect to its peers. While China Minsheng Banking received a balance sheet score of 81, the average of its peers stands on 76.0.

  •  600016
  •  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
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 Minsheng Banking appears likely to maintain its strong income statement metrics, especially Revenue Efficiency. China Minsheng Banking reported highly encouraging numbers for its revenue efficiency. 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 85. That said, one metric, Return Factors, stood out as strongly negative. Return factors metrics and ratios were disappointing in this report. China Minsheng Banking reported a return on equity (ROE) ratio of 5.9, representing a change of -4.6% from the last report.change of -4.6% 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. The company's return factor metrics return on equity and return on assets are even more concerning when compared to their peers. Consequently, their return factors received a grade of 55. their income statement received an overall score of 62.

Parameter Value Change Score
Total Revenues 89,956.0 -1.3% 85
Return on Equity 5.9 -4.6% 55
* All values are TTM

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

  •  600016
  •  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
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

Overall, China Minsheng Banking's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. China Minsheng Banking's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -5331.0, which represents a 19.9% change from the last period. 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 91. Also, China Minsheng Banking's strong net cash flow numbers, which were 137471.0 in this filing, showed a 2399.9% change from the last period. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. Hence, its net cash flow earned a score of 84. That said, one metric, Free Cash flow, stood out as strongly negative. Free cash flow numbers published by China Minsheng Banking were 5.2, which was a 54.9% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 9.3%. their free cash flow situation appears to be much weaker than their peers. Management needs to do a better job balancing cash flow, asset growth, and resources allocations in general. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 45. Consequently, its cash flow earned a score of 79.

Parameter Value Change Score
Net Cashflow 137,471.0 2399.9% 84
Capital Expenditure -5,331.0 19.9% 91
Free Cashflow 5.2 54.9% 45
* All values are TTM

The below chart describes China Minsheng Banking's performance as reflected on its cash flow with respect to its peers. While China Minsheng Banking received a cash flow score of 79, the average of its peers stands on 67.0.

  •  600016
  •  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
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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