Gelonghui, May 16 | According to Haitong Securities Research Report, Bank of Jiangsu (600919.SH) Q1 revenue growth rate was 11.73%, and net profit growth rate to mother was 10.02%. In addition, the Bank of Jiangsu plans to pay a dividend of 0.47 yuan per share in 2023. Considering that Bank of Jiangsu's Q1 profit growth rate has also increased well, the bank believes that Bank of Jiangsu's dividend ratio is highly attractive. At the end of Q1 '24, the company's non-performing rate was 0.91%. Compared with the end of '23 and 23Q3, the quality of assets remained stable. A reasonable value range of 10.14-11.07 yuan (corresponding to 2024 PE is 6.07-6.63 times, corresponding PE is 4.77 times for peer companies), maintaining the “superior to market” rating.
研报掘金丨海通证券：江苏银行资产质量保持平稳，维持“优于大市”评级
Research Nuggets丨Haitong Securities: Bank of Jiangsu's asset quality remains stable and maintains a “superior to the market” rating
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