---
title: "Haier Reduces Stake in Bank of Qingdao for the First Time in 25 Years as Industrial Shareholders Recede and State-Owned Capital Takes Center Stage"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288677948.md"
description: "Twenty-five years ago, Haier participated in the restructuring of Bank of Qingdao's predecessor as industrial capital; twenty-five years later, this long-term investment is seeing its first realization"
datetime: "2026-06-04T06:59:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288677948.md)
  - [en](https://longbridge.com/en/news/288677948.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288677948.md)
---

# Haier Reduces Stake in Bank of Qingdao for the First Time in 25 Years as Industrial Shareholders Recede and State-Owned Capital Takes Center Stage

Twenty-five years ago, Haier participated in the restructuring of Bank of Qingdao's predecessor as industrial capital; twenty-five years later, this long-term investment is seeing its first realization.

On June 3, Bank of Qingdao announced that Qingdao Haier Industrial Development Co., Ltd., under the "Haier Group," plans to reduce its holdings by 107 million shares through block trades starting from June 26. Based on the stock price on the day of the announcement, the expected cash-out amount is nearly RMB 600 million.

**This marks the first time Haier has reduced its stake in Bank of Qingdao since acquiring shares in 2001.**

From a cumulative investment of over RMB 2.3 billion, to accompanying the bank through its dual listings, and now initiating a stake reduction, the capital relationship between Haier and Bank of Qingdao, spanning a quarter of a century, has shown its first sign of loosening.

Behind this move, the valuation judgment of industrial capital regarding banking stocks is also quietly changing.

Let us go back to 2001.

At that time, the Qingdao Municipal Government initiated the restructuring of the former Qingdao City Commercial Bank. As a leading local manufacturing enterprise, Haier invested RMB 510.7 million to enter, once holding 26.1% of the shares.

Over the following two decades, whether through capital increases and share expansions in 2011 and 2014, the Hong Kong listing in 2015, the A-share listing in 2019, or the rights issue financing in 2022, the Haier Group chose to continue its participation, with a cumulative investment of approximately RMB 2.335 billion. At its peak, its shareholding ratio exceeded 20%.

Such long-term persistence among bank shareholders is rare.

For a long period in the past, industrial capital participating in local banks was seen as a typical model of "integration of industry and finance." Large manufacturing enterprises could not only share in the growth dividends of the bank but also strengthen synergies with the local financial system through their shareholder status.

**However, as the banking industry enters a low-interest-rate cycle, this relationship has begun to change.**

In recent years, the net interest margin of the banking industry has continued to narrow, and the overall profit growth rate of the industry has gradually slowed down.

Meanwhile, banking stock valuations have remained at low levels for an extended period, with the price-to-book ratios of most listed banks consistently below 1x, significantly weakening their growth attributes. For industrial groups that increasingly emphasize technological R&D, intelligent manufacturing, and global layout, capital long parked in financial assets is also facing pressure for reallocation.

In 2025, changes first appeared in the equity structure of Bank of Qingdao;

Qingdao Guoxin Development Group, a local state-owned capital platform in Qingdao, continuously increased its holdings through the secondary market, surpassing the Haier Group's 18.14% with a 19.17% shareholding ratio to become the largest shareholder.

Just half a year later, Haier's stake reduction plan was officially implemented.

**According to the announcement, Haier stated that this stake reduction is in response to the national policy spirit of guiding industrial capital back to the real economy, actively adjusting the structure of financial asset allocation, with funds to be used to support areas of long-term growth.**

From this statement, it appears that this stake reduction is not due to concerns about the operational prospects of Bank of Qingdao, but rather resembles a capital rotation that has been ongoing for many years.

From a financial perspective, this is also a long-term investment with substantial returns.

Public information shows that the Haier Group cumulatively invested approximately RMB 2.335 billion. If the cumulative dividend income of approximately RMB 1.5 billion received over the years is added, its actual holding cost has been significantly diluted.

Currently, Haier still holds approximately 1.056 billion shares of Bank of Qingdao, corresponding to an A-share market value of nearly RMB 5.9 billion. Even after completing this stake reduction, the market value of its remaining holdings will still exceed RMB 5 billion.

It is worth noting that the fundamentals of Bank of Qingdao have not changed significantly.

The first-quarter report of 2026 showed that Bank of Qingdao achieved a net profit attributable to shareholders of the parent company of RMB 1.524 billion, a year-on-year increase of 21.16%; total assets amounted to RMB 834.203 billion, an increase of 2.36% from the end of the previous year; the non-performing loan ratio further decreased to 0.96%, continuing to remain at a relatively low level among listed banks.

At the same time, the bank's price-to-book ratio has long been below 1x, making it difficult to supplement external capital through methods such as private placements or rights issues. In this context, retaining more profits to supplement core capital has become a relatively realistic choice.

Over the past two decades, Haier has always been one of the most influential industrial shareholders of Bank of Qingdao. As Qingdao Guoxin continues to increase its holdings and solidifies its position as the largest shareholder, Bank of Qingdao has gradually completed the shift of control focus to the local state-owned capital system.

**After the completion of this stake reduction, the shareholding ratio of the Haier Group will further drop to approximately 16.3%, widening the gap with Qingdao Guoxin to nearly 3 percentage points.**

For Bank of Qingdao, Haier's stake reduction may not change its operational trajectory, but it signifies that the shareholder structure has entered a new stage.

From equal emphasis on industrial capital and local state-owned capital to the gradual establishment of state-owned capital dominance; from growth logic dominating valuation to capital constraints and shareholder returns becoming new focal points, the development coordinates of this city commercial bank are also quietly changing.

### Related Stocks

- [03866.HK](https://longbridge.com/en/quote/03866.HK.md)
- [06690.HK](https://longbridge.com/en/quote/06690.HK.md)
- [002948.CN](https://longbridge.com/en/quote/002948.CN.md)
- [600690.CN](https://longbridge.com/en/quote/600690.CN.md)
- [603613.CN](https://longbridge.com/en/quote/603613.CN.md)

## Related News & Research

- [08:13 ETHaier confirma su patrocinio oficial de Roland-Garros 2026](https://longbridge.com/en/news/288718683.md)
- [08:51 ETHaier Confirms Official Partner of Roland-Garros 2026, Bringing Care-Driven Innovation to Audiences Worldwide](https://longbridge.com/en/news/288579895.md)
- [06:56 ETHaier Brings Youth Tennis and Fan Engagement to Roland-Garros 2026 with Clay Court Open and Fans Club Event](https://longbridge.com/en/news/288707717.md)
- [07:03 ETHaier sa ôsmy rok po sebe umiestňuje v rebríčku Kantar BrandZ Top 100 ako jediná značka ekosystému IoT na svete](https://longbridge.com/en/news/286900700.md)
- [09:20 ETHaier Signs Four-Year Sponsorship with Al Ahly FC, Becoming the Club's Second Main Sponsor](https://longbridge.com/en/news/287073987.md)