is available, the seventh private company! Today we are analyzing a private bank covering the Fujian region - Fujian Huatong Bank . It’s been delayed for so long that everyone has to wait in a hurry!
Select the questions that everyone is more concerned about and give a unified answer.
Question 1: Will there be more convenient conclusions in the future? After all, you need to read so many words.
Answer: After completing the 2021 annual report analysis of all private banks, I will create a more visual chart to reflect the recommended investment ratio of each private bank. But please note that all investment advice is based on dynamic analysis of bank data and public opinion . , please use it as appropriate. I firmly oppose those who cannot accept the loss of all their principal to invest in any risky assets in accordance with my method. I adhere to an independent and non-profit perspective.
Question 2: Will there be more analysis from banks in the future?
Answer: In the future, it may extend to other banks, mainly depending on personal energy and market hotspots.
business area
Fujian Huatong Bank is located in Fuzhou. As the tenth approved private bank, its opening order is not considered to be behind private banks. However, the overall operation and development since its opening is difficult to say. Regarding the issue of whether to obtain national business qualifications, we will talk about it in combination with the following points. 1. Earlier, some banks applied for national business development, and the relevant documents are still under review. But there is no relevant information about Huatong Bank in the information I found. Of course, it is better to really have this statement. 2. At present, Huatong Bank’s APP can no longer make deposits in other places (at least I can’t). 3. With Huatong’s current size and operating conditions, I personally feel that it is more based on the region and has fallen behind in private banks. 4. The description of the development strategy in the 2021 annual report also mainly targets regional private enterprises, which mainly refers to the direction of loan flow, but the area of deposit absorption is not clearly stated.
2021 annual report content
shareholder situation
shareholders: Huatong Bank was established by 8 Fujian enterprises including Yonghui Supermarket and Sunshine Holdings . The registered capital is 2.4 billion, of which Yonghui Supermarket and Sunshine Holdings account for nearly 60% of shares . Therefore, the influence of the top two shareholders accounts for a large proportion.
Shareholder shareholding
Shareholder holdings
Major shareholders: Yonghui Supermarket. The week I wrote this article, Yonghui Supermarket’s A shares just hit the limit because of the loss in the second quarter performance. Observing the trend of Yonghui Supermarket stock price in recent years, it is difficult to achieve the market by driving the sales of other products with scale, low prices and fresh food. After its non-net profit reached a peak of 1.061 billion in 2019, its growth momentum came to an abrupt end and its performance gradually deteriorated. In 2021, it was even a huge loss of 3.944 billion yuan. This is really a loss. This may be because the supermarket industry is really not easy to do. After all, the rise of community group buying and member-based supermarkets were eroding the market of Yonghui . After profits of in the first quarter of 2022, the loss in the second quarter was nearly 600 million. Among them, Yonghui Supermarket concluded that stock lost 440 million, followed by online operations losing more than 100 million. Excluding these factors, Yonghui Supermarket's operating part made a profit of 80 million yuan.
Overall, Yonghui has also faced bottlenecks in its main business in recent years, and is quietly waiting for the opportunity for its business to warm up. From a risk perspective, supermarkets belong to the heavy asset industry. We must be wary of certain risks brought by utilizing shareholder advantages to engage in related transactions and excessive proportion of holdings.
Second shareholder: Sunshine Holdings Co., Ltd. . Its holding company Longjing Environmental Protection , and Zijin Mining intends to acquire 161 million equity , involving about 1.7 billion yuan of funds. On the other hand, the shares held by the Sunshine Group are close to the pledge, which shows how short of money is. What is the reason for lack of money? It can be seen from the interim report of Sunshine City 2022 that if the losses in 2021 are included. Sunshine City has lost nearly 11 billion in a year and a half.Huatong's 2021 annual report disclosed that Sunshine Holdings pledged nearly half of its equity. The rest of the industries will not be described in detail, but it can also be seen that the current pressure of Sunshine Holdings is. If you rely solely on selling assets to relieve debt pressure, it is tantamount to quenching thirst.
Core conclusion: Overall, the shareholders of Huatong Bank are not satisfactory. The shareholders' heavy asset attributes are more obvious. The major shareholder is currently in the period of business transformation, and the operating conditions of the second shareholder are not optimistic. And its holding ratio is relatively high. It is necessary to strengthen the frequency of information tracking of the second shareholders, and currently, the shareholders are continuously warned about this. If the second shareholder can effectively resolve the pressure on real estate debt and lift the relevant warnings.
core data indicator
1 scale indicator analysis:
total asset scale is close to 18.434 billion, second to last among the 18 private banks that have been released. total assets fell by 18.44% from the end of the previous year. This means that its business scale is still in a shrinking state. Poor expansion ability. It is necessary to observe the bottoming of this data in the near future.
total liabilities fell by 20.41% to 16.241 billion yuan from the end of last year. Fortunately, the downward trend of liabilities and asset size is relatively consistent, which is considered to be due to the concentration of off-site deposits absorbed before the deposit collection regulations. Therefore, this indicator is more likely to bottom out in the next 1-2 years.
2 Benefit indicator analysis:
Operating income: .152 billion yuan in 2017, 174 million yuan in 2018, 231 million yuan in 2019, 491 million yuan in 2020, and 312 million yuan in 2021. Not only is it far from the average level of private banks, but it also has a large negative growth rate in 2021.
Net profit: Net profit in 2021 is 5.17 million. Since its listing, the bank's profit level has been poor and has always hovered around the profit and loss line. As the scale increases, it has not effectively driven the rise in profits, which means that the bank's operating level is poor. By years. 2017-167 million yuan, 2018-50.3888 million yuan, 2019-2.11 million yuan, 2019-10.4399 million yuan, 2020-
3 Capital adequacy indicator: 2021- capital adequacy ratio 16.87%, at a normal level. At the same time, it increased by 0.66 percentage points compared with the previous year end. From 2018 to 2020, Huatong Bank's capital adequacy ratio was 60.10%, 30.69% and 16.21% respectively.
4 Credit risk indicator: The 2021 annual report shows that the non-performing loan ratio is 1.59%, which is currently a relatively high level in the range of private banks. But if you look at the entire banking industry, it is still in a very safe range. At the same time, it fell slightly by 0.04 percentage points compared with 2020. From 2018 to 2020, the bank's non-performing loan ratio was 3.16%, 0.07% and 1.63% respectively.
Summary:
1. From a data perspective, the relevant data indicators of Huatong Bank currently show that the bank is currently in a contraction stage, and its data is far behind other private banks. 2. At the shareholder level, the situation of the second shareholder needs to be paid attention to frequently, and the overall shareholder's ability to provide a weak bottom-up capacity. 3. From an investment perspective, it is recommended to invest at a maximum of no more than 2% of your own investment funds, and the maximum amount shall not exceed 500,000.
