Huishang Bank Corporation Limited logo

Huishang Bank Corporation Limited

3698.HK

HKSEFinancial ServicesBanks - Regional

Latest quote

HK$5.06

−HK$0.015 · -0.30%

Aug 24, 3:05 PM HKT

3698.HK company overview

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Company profile

Company website

Huishang Bank Corporation Limited, along with its associated entities, delivers a comprehensive suite of commercial banking services throughout the People's Republic of China. Its operations are structured into four main divisions: Corporate Banking, Retail Banking, Treasury, and Other Services. The bank offers a variety of financial products to corporate clients, government bodies, and financial institutions. These include checking and deposit accounts, overdraft facilities, diverse loan options, trade-related financial instruments, and other credit solutions. It also facilitates foreign currency transactions and provides wealth management products. For individual customers, the bank supplies savings accounts, personal credit and advances, credit and debit cards, payment processing, investment products (such as wealth management and funds), and insurance brokerage services. Furthermore, the company actively participates in securities investments, money market operations, and repurchase agreements. It also provides digital banking solutions through online and mobile platforms. Additional services encompass the management of both Renminbi and foreign currency deposits, clearing and settlement functionalities, asset safekeeping, and financial leasing. As of December 31, 2021, Huishang Bank boasted a significant physical footprint with 21 main branches and 478 customer service points. Its extensive self-service network included 609 self-service banking centers and a total of 2,002 automated cash machines, comprising 1,213 cash recycling machines and 789 smart terminals. Established in 1997 under its original name, Hefei Commercial Bank Co., Ltd., the institution was rebranded as Huishang Bank Corporation Limited in November 2005. Its headquarters are located in Hefei, China.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
CN
CEO
Qinglong Kong
Listed since
Nov 12, 2013
Employees
13,995

Market position

Volume
2.06M
0.22× average
Average volume
9.28M
Average daily volume
Market cap
69.94B HKD
Beta
0.1
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
521.45B CNY
P/E (TTM)
3.79×
P/B (TTM)
0.36×
P/S (TTM)
1.12×
EV / EBITDA
27.25×
Earnings yield
40.32%
Free cash flow yield
70.03%
Dividend yield
5.71%

Profitability & efficiency

Gross margin
60.75%
Operating margin
35.90%
Net margin
30.64%
Return on equity
9.58%
Return on assets
0.69%
Return on invested capital
0.71%

Financial health

Debt / equity
3.36×
Current ratio
0.21×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends108%76%45%13%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 100.00%Gross margin, FY2024: 100.00%Gross margin, FY2025: 51.76%Operating margin, FY2021: 64.32%Operating margin, FY2022: 70.41%Operating margin, FY2023: 66.69%Operating margin, FY2024: 68.33%Operating margin, FY2025: 24.62%Net margin, FY2021: 51.72%Net margin, FY2022: 45.63%Net margin, FY2023: 51.93%Net margin, FY2024: 45.65%Net margin, FY2025: 21.21%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 100.00%. Gross margin FY2024 100.00%. Gross margin FY2025 51.76%. Operating margin FY2021 64.32%. Operating margin FY2022 70.41%. Operating margin FY2023 66.69%. Operating margin FY2024 68.33%. Operating margin FY2025 24.62%. Net margin FY2021 51.72%. Net margin FY2022 45.63%. Net margin FY2023 51.93%. Net margin FY2024 45.65%. Net margin FY2025 21.21%.

Income trends

Revenue

75.91B CNY+124.81%

Operating income

18.69B CNY-18.99%

Net income

16.1B CNY+4.43%
Income trends across reported periods82.35B CNY56.57B CNY30.79B CNY5.02B CNYRevenue, FY2021: 22.16B CNYRevenue, FY2022: 29.36B CNYRevenue, FY2023: 27.8B CNYRevenue, FY2024: 33.76B CNYRevenue, FY2025: 75.91B CNYOperating income, FY2021: 14.25B CNYOperating income, FY2022: 20.67B CNYOperating income, FY2023: 18.54B CNYOperating income, FY2024: 23.07B CNYOperating income, FY2025: 18.69B CNYNet income, FY2021: 11.46B CNYNet income, FY2022: 13.4B CNYNet income, FY2023: 14.43B CNYNet income, FY2024: 15.41B CNYNet income, FY2025: 16.1B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 22.16B CNY. Revenue FY2022 29.36B CNY. Revenue FY2023 27.8B CNY. Revenue FY2024 33.76B CNY. Revenue FY2025 75.91B CNY. Operating income FY2021 14.25B CNY. Operating income FY2022 20.67B CNY. Operating income FY2023 18.54B CNY. Operating income FY2024 23.07B CNY. Operating income FY2025 18.69B CNY. Net income FY2021 11.46B CNY. Net income FY2022 13.4B CNY. Net income FY2023 14.43B CNY. Net income FY2024 15.41B CNY. Net income FY2025 16.1B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue75.91B CNY33.76B CNY27.8B CNY29.36B CNY22.16B CNY
Cost of goods sold36.62B CNY37.74B CNY−9.16B CNY32.26B CNY30.26B CNY
Gross profit39.29B CNY33.76B CNY27.8B CNY29.36B CNY22.16B CNY
Selling, general, and administrative6.69B CNY9.83B CNY9.26B CNY8.68B CNY7.91B CNY
Operating expenses13.49B CNY10.69B CNY9.26B CNY19.05B CNY20.08B CNY
Interest income63.84B CNY66.33B CNY64.99B CNY60.96B CNY57.11B CNY
Interest expense35.67B CNY37.74B CNY36.27B CNY32.26B CNY30.26B CNY
Depreciation and amortization819.61M CNY1.08B CNY1.08B CNY1.04B CNY999.31M CNY
Operating income18.69B CNY23.07B CNY18.54B CNY20.67B CNY14.25B CNY
Net income16.1B CNY15.41B CNY14.43B CNY13.4B CNY11.46B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 3 misses, 0 met estimates
Average EPS surprise
-57.70%
3 comparable reports
Latest EPS result
0.53

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.120.880.650.41Q3 '22No estimateQ3 '23MissQ4 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 30, 2022: actual 0.609, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 0.627, estimate 1.07, surprise -41.40%, Miss. Q4 2023, reported Oct 30, 2023: actual 0.627, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 0.465, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 0.666, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0.457, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 0.718, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 0.534, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates54.97B40.78B26.59B12.41BQ3 '23MissQ4 '23MissQ1 '24MissQ3 '24MissQ1 '25MissQ3 '25BeatQ1 '26No estimateQ3 '26Estimate
Q3 2023, reported Aug 29, 2023: actual 18.88B HKD, estimate 51.98B HKD, surprise -63.68%, Miss. Q4 2023, reported Oct 30, 2023: actual 15.8B HKD, estimate 42.41B HKD, surprise -62.75%, Miss. Q1 2024, reported Mar 27, 2024: actual 14.59B HKD, estimate 48.13B HKD, surprise -69.68%, Miss. Q3 2024, reported Aug 29, 2024: actual 22.23B HKD, estimate 46.52B HKD, surprise -52.20%, Miss. Q1 2025, reported Mar 27, 2025: actual 15.38B HKD, estimate 16.95B HKD, surprise -9.24%, Miss. Q3 2025, reported Aug 28, 2025: actual 23.02B HKD, estimate 17.69B HKD, surprise +30.11%, Beat. Q1 2026, reported Mar 26, 2026: actual 42.31B HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 26, 2026: actual —, estimate 51.45B HKD, surprise —, Comparison unavailable.

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