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Bank of Ningbo Co., Ltd. (002142) Report Analysis

Corporate Events

Negative

Bank of Ningbo Co., Ltd. Approves Election of L...

2022-05-19 19:37:00

Bank of Ningbo Co., Ltd. held its Annual General Meeting of 2021 on 18 May 2022, approved election of Luo Weikai as a director.

Positive

Bank of Ningbo Co., Ltd. Approves Cash Dividend...

2022-05-19 19:37:00

Bank of Ningbo Co., Ltd. held its Annual General Meeting of 2021 on 18 May 2022, approved cash dividend of CNY 5.00000000 per 10 shares (tax i...

Neutral

Bank of Ningbo Co., Ltd. Approves Amendments to...

2022-05-19 19:37:00

Bank of Ningbo Co., Ltd. held its Annual General Meeting of 2021 on 18 May 2022, approved Amendments to the Company's articles of association.

Positive

Bank of Ningbo Co., Ltd. (SZSE:002142) complete...

2022-05-06 00:00:00

Bank of Ningbo Co., Ltd. (SZSE:002142) entered into the Unlisted State-owned Equity Transaction Contract of Financial Enterprise to acquire 70...

Neutral

Bank of Ningbo Co., Ltd., Annual General Meetin...

2022-04-27 19:32:00

Bank of Ningbo Co., Ltd., Annual General Meeting, May 18, 2022, at 15:30 China Standard Time. Agenda: To consider the 2021 work report of the ...

Neutral

Bank of Ningbo Co., Ltd., 2021 Earnings Call, A...

2022-04-18 02:08:00

Bank of Ningbo Co., Ltd., 2021 Earnings Call, Apr 18, 2022

Positive

Bank of Ningbo Co., Ltd. Proposes Final Cash Di...

2022-04-08 19:31:00

Bank of Ningbo Co., Ltd. proposed final cash dividend per ten shares (tax included) of CNY 5.00000000 for the year 2021.

Positive

Bank of Ningbo Co., Ltd. (SZSE:002142) entered ...

2021-12-27 00:00:00

Bank of Ningbo Co., Ltd. (SZSE:002142) entered into the Unlisted State-owned Equity Transaction Contract of Financial Enterprise to acquire 70...

Neutral

Bank of Ningbo Co., Ltd., Special/Extraordinary...

2021-12-06 19:32:00

Bank of Ningbo Co., Ltd., Special/Extraordinary Shareholders Meeting, Dec 20, 2021, at 15:30 China Standard Time. Agenda: To consider 2022 est...

Negative

Bank of Ningbo Co., Ltd. has completed a Follow...

2021-11-30 00:00:00

Bank of Ningbo Co., Ltd. has completed a Follow-on Equity Offering in the amount of CNY 11.893623 billion. Security Name: A Shares Securit...

Positive

Bank of Ningbo Co., Ltd. Announces 2020 Final P...

2021-07-01 19:37:00

Bank of Ningbo Co., Ltd. announces 2020 final profit distribution plan of tax included CNY 5.00000000 per 10 shares, payable on 09 July 2021. ...

Negative

Bank of Ningbo Co., Ltd. Approves Election of Luo Weikai as Director

2022-05-19 19:37:00

Bank of Ningbo Co., Ltd. held its Annual General Meeting of 2021 on 18 May 2022, approved election of Luo Weikai as a director.

Positive

Bank of Ningbo Co., Ltd. Approves Cash Dividend for 2021

2022-05-19 19:37:00

Bank of Ningbo Co., Ltd. held its Annual General Meeting of 2021 on 18 May 2022, approved cash dividend of CNY 5.00000000 per 10 shares (tax included) for 2021.

Neutral

Bank of Ningbo Co., Ltd. Approves Amendments to its Articles of Association

2022-05-19 19:37:00

Bank of Ningbo Co., Ltd. held its Annual General Meeting of 2021 on 18 May 2022, approved Amendments to the Company's articles of association.

Positive

Bank of Ningbo Co., Ltd. (SZSE:002142) completed the acquisition of 70% stake in Huarong Consumer Finance Co., Ltd. from China Huarong Asset Management Co., Ltd. (SEHK:2799) for CNY 1.1 billion.

2022-05-06 00:00:00

Bank of Ningbo Co., Ltd. (SZSE:002142) entered into the Unlisted State-owned Equity Transaction Contract of Financial Enterprise to acquire 70% stake in Huarong Consumer Finance Co., Ltd. from China Huarong Asset Management Co., Ltd. (SEHK:2799) for CNY 1.1 billion on December 27, 2021. After the completion of the deal, Huarong Consumer Finance, the unit, will no longer be a subsidiary of the group. The transaction is still subject to regulatory approval. Tim Wang of Clifford Chance LLP acted as legal advisor to China Huarong Asset Management Co., Ltd. Bank of Ningbo Co., Ltd. (SZSE:002142) completed the acquisition of 70% stake in Huarong Consumer Finance Co., Ltd. from China Huarong Asset Management Co., Ltd. (SEHK:2799) on May 6, 2022.

Neutral

Bank of Ningbo Co., Ltd., Annual General Meeting, May 18, 2022

2022-04-27 19:32:00

Bank of Ningbo Co., Ltd., Annual General Meeting, May 18, 2022, at 15:30 China Standard Time. Agenda: To consider the 2021 work report of the board of directors; to consider the 2021 annual report; to consider the 2021 annual accounts and 2022 financial budget report; to consider the 2021 profit distribution plan; to consider the appointment of external audit firm; to consider the implementing results of 2021 connected transactions and 2022 work plan; to consider the election of Luo Weikai as a director; to consider the special report on the deposit and use of raised funds; to consider the amendments to the company's articles of association; and to consider the other matters.

Neutral

Bank of Ningbo Co., Ltd., 2021 Earnings Call, Apr 18, 2022

2022-04-18 02:08:00

Bank of Ningbo Co., Ltd., 2021 Earnings Call, Apr 18, 2022

Positive

Bank of Ningbo Co., Ltd. Proposes Final Cash Dividend for the Year 2021

2022-04-08 19:31:00

Bank of Ningbo Co., Ltd. proposed final cash dividend per ten shares (tax included) of CNY 5.00000000 for the year 2021.

Positive

Bank of Ningbo Co., Ltd. (SZSE:002142) entered into the Unlisted State-owned Equity Transaction Contract of Financial Enterprise to acquire 70% stake in Huarong Consumer Finance Co., Ltd. from China Huarong Asset Management Co., Ltd. (SEHK:2799) for CNY 1.1 billion.

2021-12-27 00:00:00

Bank of Ningbo Co., Ltd. (SZSE:002142) entered into the Unlisted State-owned Equity Transaction Contract of Financial Enterprise to acquire 70% stake in Huarong Consumer Finance Co., Ltd. from China Huarong Asset Management Co., Ltd. (SEHK:2799) for CNY 1.1 billion on December 27, 2021. After the completion of the deal, Huarong Consumer Finance, the unit, will no longer be a subsidiary of the group. The transaction is still subject to regulatory approval. Tim Wang of Clifford Chance LLP acted as legal advisor to China Huarong Asset Management Co., Ltd.

Neutral

Bank of Ningbo Co., Ltd., Special/Extraordinary Shareholders Meeting, Dec 20, 2021

2021-12-06 19:32:00

Bank of Ningbo Co., Ltd., Special/Extraordinary Shareholders Meeting, Dec 20, 2021, at 15:30 China Standard Time. Agenda: To consider 2022 estimated quota of continuing connected transactions; to consider issuance of tier II capital bonds; to consider issuance of financial bonds; to consider medium and long term capital plan from 2022 to 2024; to consider shareholder return plan for the next three years from 2022 to 2024; and to consider amendments to the company's articles of association.

Negative

Bank of Ningbo Co., Ltd. has completed a Follow-on Equity Offering in the amount of CNY 11.893623 billion.

2021-11-30 00:00:00

Bank of Ningbo Co., Ltd. has completed a Follow-on Equity Offering in the amount of CNY 11.893623 billion. Security Name: A Shares Security Type: Common Stock Securities Offered: 595,574,506 Price\Range: CNY 19.97 Transaction Features: Rights Offering

Positive

Bank of Ningbo Co., Ltd. Announces 2020 Final Profit Distribution Plan, Payable on 09 July 2021

2021-07-01 19:37:00

Bank of Ningbo Co., Ltd. announces 2020 final profit distribution plan of tax included CNY 5.00000000 per 10 shares, payable on 09 July 2021. Record date is 08 July 2021 and Ex-date is 09 July 2021.

Fundamental Summary

At a high level, the metrics from Bank of Ningbo's Q1 financial report release provided many positive indicators. Their growth, value, and income factors indicate a well-executed and balanced strategy, which is generating exciting growth. We expect that this positive performance will continue in the coming months, and anticipate that Bank of Ningbo will maintain good momentum even in a challenging environment. As such, Bank of Ningbo received an overall score of 86 and a BUY recommendation.

Bank of Ningbo reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was CNY 9,494 million compared to CNY 8,432 million a year ago. Net income was CNY 5,720 million compared to CNY 4,735 million a year ago. Basic earnings per share from continuing operations was CNY 0.87 compared to CNY 0.79 a year ago. Diluted earnings per share from continuing operations was CNY 0.87 compared to CNY 0.79 a year ago.

Business Description

Bank of Ningbo provides various personal and business banking products and services in the People's Republic of China. The company operates through Corporate Business, Personal Business, Treasury Business, and Other Business segments. It offers deposits; short-term, medium-term, and long-term loans; bank cards; domestic and international settlement services; bill discounting services; collection and payment agency, cashing proxy, and government bonds underwriting services; sells government and financial bonds; inter-bank lending and borrowing services; safe deposit box services; foreign exchange deposits; foreign currency exchange, loans, and remittances; bank guarantees; and insurance agency services, as well as other banking services. The company also provides financial bonds issuance; handles entrusted loan business of funds used for local fiscal credit turnover; foreign currencies purchase and sale; inter-bank foreign currency lending/borrowing; foreign currency bills acceptance and discount; foreign currency exchange and sales services; foreign exchange lending and guarantee services; and other business services. As of December 31, 2021, it operated 16 branches, 1 capital operation center located in Shanghai, and 19 first-level sub-branches located in the cities of Ningbo and Zhejiang province; Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua, Shaoxing, Taizhou, Jiaxing, Lishui, Huzhou, Quzhou, and Zhoushan. The company was formerly known as Ningbo Commercial Bank Co., Ltd. and changed its name to Bank of Ningbo in February 2007. Bank of Ningbo was founded in 1997 and is headquartered in Ningbo, the People's Republic of China.

Sector Overview

Bank of Ningbo 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 Ningbo'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 2,219,192.0 10.1% 51
Liabilities 2,063,292.0 10.6% 86
Price to Book 1.6 -16.5% 84
Cash & Equivalents 121,209.0 395.1% 97
Equity 140,516.0 4.4% 68
Total Revenues 41,692.0 3.1% 55
Parameter Value Change Score
Return on Equity 14.7 1.0% 76
Net Cashflow 92,783.0 1103.6% 93
Capital Expenditure -2,568.0 -2.0% 59
Free Cashflow 15.6 299.1% 38

* All values are TTM

The below chart reflects Bank of Ningbo'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 Ningbo's peer average final assessment score stands on 73.0, Bank of Ningbo's score is 86.

  •  002142
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Ping An Bank Co., Ltd. 281.2B 83 72 85
Strong Buy
87
87 0 1
Bank of Suzhou Co., Ltd. 22.1B 92 60 61
Buy
80
80 1 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 74 61 81
Hold
73
73 2 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 77 71 64
Hold
76
76 3 1
Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. 9.3B 77 70 53
Hold
72
72 4 1
China Merchants Bank Co., Ltd. 1.1T 77 63 68
Hold
73
73 5 1
Industrial Bank Co., Ltd. 402.2B 85 67 66
Buy
80
80 6 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 72 61 68
Hold
68
68 7 1
China Everbright Bank Company Limited 160.4B 76 63 56
Hold
70
70 8 1
China Minsheng Banking Corp., Ltd. 150.8B 81 62 79
Hold
78
78 9 1
Bank of Nanjing Co., Ltd. 111.2B 82 66 54
Hold
74
74 10 1
Bank of Jiangsu Co., Ltd. 100.3B 83 71 84
Buy
86
86 11 1
Bank of Beijing Co., Ltd. 95.8B 84 59 75
Hold
77
77 12 1
Bank of Shanghai Co., Ltd. 92.8B 90 64 81
Buy
85
85 13 1
Bank of Hangzhou Co., Ltd. 85.0B 81 70 69
Buy
80
80 14 1
Hua Xia Bank Co., Limited 79.1B 81 63 75
Hold
77
77 15 1
Bank of Chengdu Co., Ltd. 61.3B 86 68 58
Buy
79
79 16 1
Bank of Changsha Co., Ltd. 31.4B 79 62 60
Hold
72
72 17 1
QILU BANK CO., LTD. 22.4B 93 69 80
Strong Buy
91
91 18 1
Bank of Guiyang Co.,Ltd. 21.2B 80 62 75
Hold
77
77 19 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 82 71 80
Buy
84
84 20 1
Bank of Xi'an Co.,Ltd. 16.2B 80 56 51
Hold
70
70 21 1
Xiamen Bank Co., Ltd. 15.6B 83 62 82
Buy
80
80 22 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 83 70 69
Buy
81
81 23 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 77 60 53
Hold
70
70 24 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 73 64 79
Hold
73
73 25 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 74 73 70
Hold
76
76 26 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Bank of Ningbo'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. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Bank of Ningbo'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 34.36
52W Low 31.43
52W High 42.86
5D MA 33.66
50D MA 34.38
200D MA 36.66
MACD -0.04
RSI 3.74
STOCH 83.87

Balance Sheet Analysis

Overall, Bank of Ningbo's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Bank of Ningbo did a great job related to cash and cash equivalents this period, which stood at 121209.0, representing a 395.1% change from the previous filing. 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 97. Also, In terms of liabilities, Bank of Ningbo published good numbers. Their reported liabilities were 2063292.0, representing a 10.6% change from the previous report. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 86. However, one concerning metric, Assets, stood out. Bank of Ningbo's management did not succeed in significantly improving the value of the assets on their balance sheet, which now sits at 2219192.0 and represents a 10.1% change from the previous report. Bank of Ningbo's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on Bank of Ningbo's stock price. Therefore, their asset component earned a score of 51. Therefore, their balance sheet earned a grade of 89.

Parameter Value Change Score
Assets 2,219,192.0 10.1% 51
Liabilities 2,063,292.0 10.6% 86
Price to Book 1.6 -16.5% 84
Cash & Equivalents 121,209.0 395.1% 97
Equity 140,516.0 4.4% 68
* All values are TTM

The below chart describes Bank of Ningbo's performance as reflected on its balance sheet with respect to its peers. While Bank of Ningbo received a balance sheet score of 89, the average of its peers stands on 77.0.

  •  002142
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Ping An Bank Co., Ltd. 281.2B 79 78 69 88 79 83 0 1
Bank of Suzhou Co., Ltd. 22.1B 91 82 54 97 89 92 1 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 66 68 55 72 77 74 2 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 84 53 55 65 79 77 3 1
Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. 9.3B 76 66 69 76 74 77 4 1
China Merchants Bank Co., Ltd. 1.1T 72 81 68 37 84 77 5 1
Industrial Bank Co., Ltd. 402.2B 74 80 68 90 82 85 6 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 74 70 55 51 76 72 7 1
China Everbright Bank Company Limited 160.4B 89 44 69 54 76 76 8 1
China Minsheng Banking Corp., Ltd. 150.8B 80 45 69 90 77 81 9 1
Bank of Nanjing Co., Ltd. 111.2B 81 51 51 89 82 82 10 1
Bank of Jiangsu Co., Ltd. 100.3B 87 85 55 92 78 83 11 1
Bank of Beijing Co., Ltd. 95.8B 64 63 68 67 90 84 12 1
Bank of Shanghai Co., Ltd. 92.8B 83 62 54 90 90 90 13 1
Bank of Hangzhou Co., Ltd. 85.0B 82 63 54 87 79 81 14 1
Hua Xia Bank Co., Limited 79.1B 79 49 69 89 76 81 15 1
Bank of Chengdu Co., Ltd. 61.3B 83 76 68 82 83 86 16 1
Bank of Changsha Co., Ltd. 31.4B 74 63 69 72 79 79 17 1
QILU BANK CO., LTD. 22.4B 80 59 95 77 89 93 18 1
Bank of Guiyang Co.,Ltd. 21.2B 74 61 69 77 80 80 19 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 85 81 69 60 81 82 20 1
Bank of Xi'an Co.,Ltd. 16.2B 81 55 67 97 75 80 21 1
Xiamen Bank Co., Ltd. 15.6B 86 66 69 84 78 83 22 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 83 72 69 81 79 83 23 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 41 80 56 95 80 77 24 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 66 72 55 62 78 73 25 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 78 77 55 60 75 74 26 1

Income Statement Analysis

Bank of Ningbo appears likely to maintain its strong income statement metrics, especially Return Factors. Bank of Ningbo's reported return on equity (ROE) ratio was 14.7, representing a change of 1.0%. 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. Bank of Ningbo reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 41692.0 and represented 3.1% change from the previous period. This metric might have a 2.3 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. As a result, their revenue efficiency earned a score of 55. their income statement received an overall score of 70.

Parameter Value Change Score
Total Revenues 41,692.0 3.1% 55
Return on Equity 14.7 1.0% 76
* All values are TTM

The below chart describes Bank of Ningbo's performance as reflected on its income statement with respect to its peers. While Bank of Ningbo received a income statement score of 70 , the average of its peers stands on 68.0.

  •  002142
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Ping An Bank Co., Ltd. 281.2B 53 68 81 72 0 1
Bank of Suzhou Co., Ltd. 22.1B 53 66 58 60 1 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 62 67 57 61 2 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 64 67 79 71 3 1
Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. 9.3B 51 68 77 70 4 1
China Merchants Bank Co., Ltd. 1.1T 58 68 61 63 5 1
Industrial Bank Co., Ltd. 402.2B 48 67 73 67 6 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 80 67 54 61 7 1
China Everbright Bank Company Limited 160.4B 69 67 61 63 8 1
China Minsheng Banking Corp., Ltd. 150.8B 85 67 55 62 9 1
Bank of Nanjing Co., Ltd. 111.2B 48 65 74 66 10 1
Bank of Jiangsu Co., Ltd. 100.3B 48 69 80 71 11 1
Bank of Beijing Co., Ltd. 95.8B 63 68 50 59 12 1
Bank of Shanghai Co., Ltd. 92.8B 66 67 61 64 13 1
Bank of Hangzhou Co., Ltd. 85.0B 48 66 82 70 14 1
Hua Xia Bank Co., Limited 79.1B 61 67 61 63 15 1
Bank of Chengdu Co., Ltd. 61.3B 44 68 75 68 16 1
Bank of Changsha Co., Ltd. 31.4B 57 68 58 62 17 1
QILU BANK CO., LTD. 22.4B 50 68 76 69 18 1
Bank of Guiyang Co.,Ltd. 21.2B 69 67 58 62 19 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 52 71 77 71 20 1
Bank of Xi'an Co.,Ltd. 16.2B 47 64 58 56 21 1
Xiamen Bank Co., Ltd. 15.6B 48 68 59 62 22 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 66 68 76 70 23 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 81 71 55 60 24 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 54 69 61 64 25 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 84 69 77 73 26 1

Cash Flow Analysis

Net Cash Flow and Capex stand out as the most significant drivers of Bank of Ningbo's cash flow's strength. Bank of Ningbo presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 92783.0, which is a change of 1103.6% 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 93. Also, Bank of Ningbo's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Bank of Ningbo recorded CapEx of -2568.0, which represents -2.0% change from the previous report. This performance is all the more impressive relative to their peers and competitors. Therefore, its CapEx movement component earned a score of 59. On the other hand, Free Cash flow, jumped out as looking problematic. Free cash flow numbers published by Bank of Ningbo were 15.6, which was a 299.1% change from the previous filing. Companies in the same sector and market capitalization will usually be affected by up to 9.3 percent by this parameter. These free cash flow numbers show that management has not been executing well in generating critical cash flow while also encouraging growth. 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 38. Because their management is doing an excellent job managing these critical metrics, the cash_flow was given a score of 71.

Parameter Value Change Score
Net Cashflow 92,783.0 1103.6% 93
Capital Expenditure -2,568.0 -2.0% 59
Free Cashflow 15.6 299.1% 38
* All values are TTM

The below chart describes Bank of Ningbo's performance as reflected on its cash flow with respect to its peers. While Bank of Ningbo received a cash flow score of 71, the average of its peers stands on 65.0.

  •  002142
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Ping An Bank Co., Ltd. 281.2B 91 42 96 69 85 0 1
Bank of Suzhou Co., Ltd. 22.1B 61 78 49 69 61 1 1
Qingdao Rural Commercial Bank Co., Ltd. 18.4B 86 49 84 69 81 2 1
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd 11.1B 39 98 84 69 64 3 1
Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. 9.3B 42 94 51 69 53 4 1
China Merchants Bank Co., Ltd. 1.1T 90 45 44 69 68 5 1
Industrial Bank Co., Ltd. 402.2B 81 56 47 69 66 6 1
Shanghai Pudong Development Bank Co., Ltd. 233.9B 48 87 85 69 68 7 1
China Everbright Bank Company Limited 160.4B 43 95 54 69 56 8 1
China Minsheng Banking Corp., Ltd. 150.8B 84 45 91 69 79 9 1
Bank of Nanjing Co., Ltd. 111.2B 49 84 48 69 54 10 1
Bank of Jiangsu Co., Ltd. 100.3B 93 41 90 69 84 11 1
Bank of Beijing Co., Ltd. 95.8B 67 67 92 69 75 12 1
Bank of Shanghai Co., Ltd. 92.8B 95 38 80 69 81 13 1
Bank of Hangzhou Co., Ltd. 85.0B 49 87 90 69 69 14 1
Hua Xia Bank Co., Limited 79.1B 80 57 69 69 75 15 1
Bank of Chengdu Co., Ltd. 61.3B 66 67 45 69 58 16 1
Bank of Changsha Co., Ltd. 31.4B 59 81 45 69 60 17 1
QILU BANK CO., LTD. 22.4B 81 54 90 69 80 18 1
Bank of Guiyang Co.,Ltd. 21.2B 67 67 90 69 75 19 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 20.6B 71 73 81 69 80 20 1
Bank of Xi'an Co.,Ltd. 16.2B 43 90 62 67 51 21 1
Xiamen Bank Co., Ltd. 15.6B 93 40 85 69 82 22 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.2B 96 37 44 69 69 23 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 46 99 50 67 53 24 1
Wuxi Rural Commercial Bank Co.,Ltd 10.3B 82 52 84 69 79 25 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.0B 85 50 56 69 70 26 1

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