The total location of Luozhou Bank is in Henan Province. according to the 1000 strong ranking of the Global Bank of experts, as of December 31, 2014, the assets scale and first-tier banks ranked 376th and 440th respectively, an increase of 66 places and 40 places respectively over the previous year. Calculated according to the assets scale of December 31, 2014, Luzhou Bank ranks 45th among China's commercial banks, 20th among China's urban commercial banks, and 2nd among all urban commercial banks in Henan Province. Calculated on December 31, 2014, Luzhou Bank ranked 53rd among China's commercial banks, 24th among China's urban commercial banks, and 2nd among the total urban commercial banks in Henan Province. As at December 31, 2014, the gross domestic product, total deposit-taking funds, total funds and stock rights and interests of banks in Suzhou were 2042.89 million yuan, 1,32561 million yuan, 779.86 million yuan and 1140.5 million yuan, respectively. We recommend investing in speculative stocks.
The company is in charge of
(1) with Luozhou as the core, it has been rooted in Henan Province for nearly 20 years. As of June 30, 2015, branches have been set up in seven cities in Henan Province, which have been located in many areas of Henan Province, benefiting from the rapid economic development of the Central Plains and Henan Province. (2) as early as 2006, the strategic orientation of building a "SME financial home" was put forward. In the same year, a SME Credit Department was set up, and a SME Financial Affairs Department was set up in 2009 to obtain a license for the SME Financial Service Center in 2015. It can focus on the front, middle and back stations to manage small and micro business services. (III) 2014 and 2015 The company has continuously obtained credit card transactions, peer deposit list transactions, cross-border people transactions, international settlement transactions, foreign bank insurance services, foreign loan services and large bank inventory services and has become the basic members of the interest rate-setting self-regulatory mechanism, SHIBOR market banks, market makers, market makers, market dealers who will be interested in underwriters, first-level dealers in the open market, and members of the public market trading system. 2015-2017 National Reserve Fund recruiting member.
Overview of the industry
According to the 2014 year of the China National Supervision Commission, as of December 31, 2014, there were 133 urban commercial banks in China. Urban commercial banks have been playing an active role in maintaining regional financial stability, promoting the development of financial services, and improving the financial capacity of small and medium-sized enterprises. According to the statistics of the China Financial Supervision Association, the percentage of the total output of urban commercial banks in the total assets of China's banks rose from 7.1% (or 5680 billion yuan) on December 31, 2009 to 10.5% (or 18,084 billion yuan on December 31, 2014), with a compound annual growth rate of 26.1%, which is higher than that of other types of banks. In addition, commercial banks in some cities have begun to develop diversified business models in accordance with the regulations of the China Supervisory Society, such as establishing consumer financial companies and financial leasing companies and investing in protecting the equity rights and interests of companies.
With the economic growth of Luozhou City, the banking industry of Taizhou City has also achieved rapid growth. According to the data of the Henan Supervision Bureau of the China Provincial Supervision Association, on December 31, 2014, the total deposits and loans of the banking financial institutions in Guangzhou were 1114.8 billion yuan and 1441.2 billion yuan respectively, and the combined annual growth rates of deposits and loans on December 31, 2009 were 17.5% and 16.9%, respectively.
Profit ability and duty number
Based on the historical records of the past three years, the income of the collection has increased from 35.778 million in 2012 to 55.044 million in 2014, with a compound annual growth rate of 24.0%. The annual growth rate of Malaysia has increased from 14.603 million in 2012 to 24.631 million in 2014, with a compound annual growth rate of 29.9%. The increase in income during the past credit period was mainly due to the increase in securities and other financial assets and loans issued.
Collection purpose
100% of the proceeds from global sales will be used to replenish the principal.
Valuation
According to the IPO price from HK$3.85 to HK$4.21, the historical price-to-earnings ratio of Suzhou Bank is 6.6-7.3times, and the price-to-earnings ratio is about 1.02-1.09times. If you compare it with 416.HK, which completed the IPO, it is calculated at a market-to-market ratio of about 1.0 times, but it has not seen any sales. The same regional banks and large-scale banks, such as 1963.HK, 6138.HK and 3618.HK, have current market-to-market ratios of 0.76,0.62 and 0.81, respectively, so they are more likely to be overvalued. However, the ratio of non-performing loans and the spread of interest rates are 1.06% and 2.95% respectively, which is higher than the average number of industries, but combined with various tests, our investment is only suitable for investment.
Negative factor
(1) if the amount of loan portfolio is not effectively maintained, the bank's business, performance and operating performance may be significantly adversely affected; (2) the preparation for the loss of loan value may not be sufficient to compensate for the actual loss in the future; (3) the degree of concentration of credit to a number of industries and borrowers; and (4) the issuance of funds to small and micro businesses. (5) if China's real estate industry experiences any major or long-term recession or the action of state policies that affect the industry, it may have a significant adverse impact on the company's business, operating conditions and operating conditions; (6) the cluster provides loans to local government financing platforms. If the financing capacity of the relevant borrowers decreases or the national policies that affect the local government financing platform appear, the volume, operating conditions and operating conditions of the local government financing platform may be significantly adversely affected.