The performance report is eye-catching, and the net profit growth rate of many banks in the first half of the year exceeds 20%. Bank_Sina Finance_Sina Network

● Our reporter Ouyang Jianhuan

As of July 17, there areBank of Nanjing、Sunon Bank、Hangzhou Bank、Zhangjiagang Bank、Bank of Wuxi、Bank of SuzhouSix listed banks announced their 2022 semi-annual results. The revenue of the six banks in the first half of this year has maintained growth, the year-on-year growth rate of net profit has been above 20%, and asset quality has continued to improve. Industry insiders believe that the excellent performance is expected to improve market expectations.

Brilliant performance report

A number of banks have recently released dazzling performance reports, and their revenue and net profit have maintained strong growth.

The performance report shows that,Bank of JiangsuBank of Nanjing and Bank of Hangzhou achieved operating income of 35.107 billion yuan, 23.532 billion yuan and 17.295 billion yuan respectively in the first half of the year, and the operating income of the three banks achieved double-digit growth year-on-year.

In terms of net profit, Bank of Jiangsu and Bank of Nanjing lead among the 6 banks. In the first half of the year, the net profit attributable to shareholders of the parent company was 13.38 billion yuan and 10.15 billion yuan respectively. Hangzhou Bank, Wuxi Bank, Sunong Bank, Zhangjiagang Bank In the first half of the year, the net profits attributable to shareholders of the parent company were 6.585 billion yuan, 1.02 billion yuan, 847 million yuan and 761 million yuan respectively.

The net profit growth rate of the six banks in the first half of the year all exceeded 20%. Among them, Hangzhou Bank, Jiangsu Bank, Wuxi Bank’s net profit growth rate exceeded 30%.

　　Everbright SecuritiesWang Yifeng, chief analyst of the financial industry (rights protection), believes that the recent performance reports of urban and rural commercial banks in Jiangsu and Zhejiang regions such as Bank of Nanjing, Sunong Bank, and Bank of Hangzhou have been disclosed, and the overall performance has been dazzling. Due to factors such as abundant reserves of beneficiary projects, strong regional economic vitality, and recovery of consumer credit demand, the three banks have maintained a high level of credit issuance, asset quality has been stable and improved, and revenue and profit growth rates have generally continued their excellent performance in the first quarter.

Asset quality continues to improve

While the performance maintained high growth, the asset quality of the six banks improved simultaneously, and their risk compensating capabilities continued to increase.

The performance report shows that as of the end of the first half of the year, the non-performing loan ratios of the six banks were all below 1%. Among them, the non-performing loan ratios of Hangzhou Bank and Wuxi Bank were 0.79% and 0.87% respectively. At the same time, the non-performing loan ratios of the six banks improved compared with the end of the previous year. Among them, as of the end of the first half of the year, the non-performing loan ratio of Bank of Jiangsu decreased by 0.1 percentage points compared with the end of the previous year, and the improvement was relatively large.

It is worth noting that Wuxi Bank, Sunong Bank, and Nanjing Bank announced the special mention loans. As of the end of the first half of the year, the proportion of special mention loans of Wuxi Bank, Sunong Bank, and Nanjing Bank were 0.27%, 1.86%, and 0.83%, respectively, down 0.02 percentage points, 0.7 percentage points, and 0.39 percentage points from the end of the previous year.

In terms of risk offset capability, as of the end of the first half of the year, the provision coverage ratios of 6 banks were all above 300%, and the provision coverage ratios of 5 banks continued to increase compared with the end of the previous year. The provision coverage ratio of Hangzhou Bank, Zhangjiagang Bank and Wuxi Bank all exceeded 500%, reaching 581.6%, 534.24% and 531.55% respectively.

Full-year profit growth is expected to remain stable

In general, the banks that have disclosed their performance reports have achieved relatively high growth in performance and excellent asset quality. Industry insiders believe that the excellent performance is expected to improve market expectations.

“A number of banks have released their semi-annual performance reports, and both revenue and net profit have achieved rapid growth, and asset quality has continued to improve.” Guo Yi, an analyst at Wanlian Securities, believes that the macroeconomic growth rate in the second half of the year is expected to gradually stabilize, and the market is expected to Further repairs will help the stable growth of the superimposed sector performance, and some individual stocks will usher in the opportunity to increase their valuations.

　　Dongxing SecuritiesAnalyst Lin Jinlu believes that under the combined effect of the easing of the domestic epidemic, the promotion of resumption of work and production, and various policies to stabilize growth, the domestic economy is in a stage of moderate recovery. The disclosed performance reports show that the performance of high-quality banks has strong resilience, and the performance of asset quality is better than market expectations. Looking into the second half of the year, banks are expected to increase volume and stabilize prices, asset quality will continue to be good, and annual profit growth is expected to remain stable.

“Considering the large differences in regional credit demand, customer bases of different banks, and the quality of stock assets, it is expected that the credit demand in economically active regions will rebound first in the second half of the year, and the corresponding regional bank credit market will maintain a relatively high degree of prosperity, with volume compensating for prices. It’s smoother.” Lin Jinlu said.

Responsible editor: Zhang Wen