In the competitive arena of state-owned banks, Jiangsu Bank has emerged as a star performer in the capital market, particularly notable for its recent achievementsOn December 25th, the bank's stock reached a record high, closing at 9.72 yuan per share, marking a significant milestone since its initial public offeringWith this stellar performance, Jiangsu Bank is progressively unveiling its impressive investment potential to the market.
Breaking previous records has become a common theme for Jiangsu Bank this year.
As of December 25th, Jiangsu Bank's stock price has surged over 50% since the start of the year, and this marks the fifth time this month that it has set a new historical high
This relentless upward trajectory has significantly boosted its market capitalization, which now stands at an impressive 178.4 billion yuan, making it the highest among city commercial banks in China.
Sustained Operational Excellence
The remarkable performance in the capital markets can be attributed to Jiangsu Bank’s solid and reliable business fundamentalsAccording to its third-quarter report, the bank's total assets reached 3.86 trillion yuan, representing a more than 13% increase since the beginning of the year, which places it at the top among banks listed on the A-shares marketIts revenue totaled 62.303 billion yuan, reflecting a year-on-year growth of 6.18%, while the net profit attributable to shareholders increased by 10.06% to 28.235 billion yuan
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With an annualized return on equity (ROE) of 16.33% and a return on assets (ROA) of 1.08%, Jiangsu Bank firmly remains in the top tier of the industry.
The loan-nonperformance rate is at a historical low of 0.89%, and the provision coverage ratio stands at a robust 351.03%, indicating ample risk-absorption capacityThis year, Jiangsu Bank has continued its steady growth trajectory despite increasingly complex and daunting operational environments, exemplifying a resilient and high-quality development model.
Demonstrating Continued Investment Value
For several years, Jiangsu Bank has maintained a commendable dividend payout ratio of 30% concerning its net profit attributable to shareholders, guaranteeing robust and reliable returns for its investors
In November, the bank announced its mid-term profit distribution plan for 2024, proposing a cash dividend of 3.062 yuan per 10 shares (tax included), totaling 5.619 billion yuan in cash dividendsThis first interim dividend distribution has indeed surprised investors with returns exceeding expectationsEven as the stock price continues to rise, the dividend yield remains at a commendable 5%, placing Jiangsu Bank among the leaders in listed banks.
Recent data shows that Jiangsu Bank has adhered to its strategic goals of becoming "intelligent, distinctive, international, and comprehensive," thereby establishing a comparative advantage characterized by "high efficiency, strong collaboration, and superior services." The bank aims to be a model for executing policies, adhering to regulations, and delivering outstanding market performance, making strides in its operational achievements, shareholder returns, and brand influence.
