Understanding the Market | CEB Bank fell nearly 5% after earnings, with both revenue and profit declining in the first three quarters, and fair value changes and losses under pressure
CEB Bank fell nearly 5% after its earnings report, and as of the time of writing, it was down 4.75%, trading at HKD 3.21, with a transaction volume of HKD 45.5767 million. In terms of news, CEB Bank released its performance report, showing a cumulative operating income for the first three quarters that decreased by 7.9% year-on-year, and a cumulative net profit attributable to shareholders that decreased by 3.6% year-on-year; looking solely at the third quarter, operating income decreased by 13.0% year-on-year, and net profit attributable to shareholders for the single quarter decreased by 11.0% year-on-year. China International Capital Corporation (CICC) released a research report stating that the company's performance was slightly below expectations, mainly due to fluctuations in bond market interest rates leading to pressure on fair value changes and gains and losses. In terms of asset scale, as of the end of September, CEB Bank's total assets reached CNY 72,177.17 billion, an increase of 3.72% compared to the end of last year. In terms of asset quality, as of the end of the third quarter, the bank's non-performing loan balance was CNY 50.712 billion, an increase of CNY 1.46 billion compared to the end of last year; the non-performing loan ratio was 1.26%, an increase of 0.01 percentage points compared to the end of last year; and the provision coverage ratio was 168.92%, a decrease of 11.67 percentage points compared to the end of last year
According to Zhitong Finance APP, China Everbright Bank (06818) fell nearly 5% after its earnings report. As of the time of writing, it was down 4.75%, trading at HKD 3.21, with a transaction volume of HKD 45.5767 million.
In terms of news, Everbright Bank released its performance report, showing that its cumulative operating income for the first three quarters decreased by 7.9% year-on-year, and the cumulative net profit attributable to shareholders decreased by 3.6% year-on-year. Looking specifically at the third quarter, operating income decreased by 13.0% year-on-year, and the net profit attributable to shareholders decreased by 11.0% year-on-year. CICC released a research report stating that the company's performance was slightly below expectations, mainly due to fluctuations in bond market interest rates leading to pressure on fair value changes and gains and losses.
In terms of asset scale, as of the end of September, Everbright Bank's total assets reached CNY 72,177.17 billion, an increase of 3.72% compared to the end of the previous year. Regarding asset quality, as of the end of the third quarter, the bank's non-performing loan balance was CNY 50.712 billion, an increase of CNY 1.46 billion compared to the end of the previous year; the non-performing loan ratio was 1.26%, an increase of 0.01 percentage points compared to the end of the previous year; the provision coverage ratio was 168.92%, a decrease of 11.67 percentage points compared to the end of the previous year
