Listed Banks In 2010 Net Profit Of Over 30% No Suspense.

Following the announcement of the 2010 pcript of Shenzhen development, the Bank of China, Minsheng Bank and Huaxia Bank also disclosed their achievements in the past year in the spring of March.

Thus,

6 banks perform in high profile

In February 25th, Shenzhen development first disclosed the 2010 annual report, and realized net profit of nearly 6 billion 300 million yuan in 2010, an increase of 25% over the same period last year, achieving a profit of 1.91 yuan per share, an increase of 18% over the previous year.

The balance of non-performing loans was 2 billion 367 million yuan, 77 million yuan lower than the beginning of the year, and the ratio of non-performing loans was 0.58%, a decrease of 0.1 percentage points from the previous year, and the provision coverage rate reached 271.5%.

Capital adequacy ratio and core capital adequacy ratio were 10.19% and 7.10% respectively.

In 2010, the company realized net interest income of 15 billion 829 million yuan, an increase of 21.91% over the previous year, accounting for 87.83% of operating income, an increase of 1.92 percentage points over the previous year's 85.91% share.

The growth of net interest income is mainly due to the growth of interest bearing assets, interest rate increase and structural improvement.

In 2010, the net interest income of the bank was 2 billion 193 million yuan, an increase of 2.96% over the previous year.

In 2010, the total assets of the company amounted to 727 billion 610 million yuan, an increase of 23.78% compared with the beginning of the year. The total amount of loans (including discounts) was 407 billion 391 million yuan, an increase of 13.32% over the beginning of the year, and the total deposits amounted to 62 billion 912 million yuan, up 23.82% from the beginning of the year.

In addition, the company's annual net interest margin was 2.49%, an increase of 2 basis points compared with 2009.

Recently, Bank of China and Huaxia Bank, Minsheng Bank and Construction Bank also released the 2010 annual report.

In March 25th, the Bank of China released its annual report in 2010. The company achieved operating income of 276 billion 820 million yuan, an increase of 19.2% over the same period last year. The net profit attributable to the owners of the parent company was 104 billion 420 million yuan, an increase of 29.2% compared with the same period last year, and the earnings per share were 0.39 yuan.

The company intends to issue a dividend of 0.146 yuan per share.

At the end of the year, the total amount of non-performing loans and non-performing loans continued to decline. The total amount of non-performing loans was 62 billion 470 million yuan, 12 billion 248 million yuan lower than the end of last year, and the rate of non-performing loans was 1.10%, which was 0.42 percentage points lower than the end of last year.

The provision coverage rate of non-performing loans increased further, reaching 196.67%, an increase of 45.50 percentage points over the end of last year.

In 2010, the bank's net interest income increased by 22.08% over the previous year, and the net interest spread increased by 0.03 percentage points.

Non interest income increased by 12.03% over the previous year, of which the net income of handling fees and commissions increased by 18.41%.

The cost of credit control was 0.29%, down 0.09 percentage points from the previous year.

The cost income ratio was controlled at 34.16%, down 0.76 percentage points from the previous year.

The actual tax rate dropped from 23.18% to 22.83%.

26, Minsheng Bank and Huaxia Bank released the annual report.

The annual report of Huaxia Bank shows that the bank achieved net profit attributable to shareholders 5 billion 990 million yuan last year, an increase of 59.29% over the same period last year (year-on-year), an increase of 22.45% in 2009 compared with the same period last year, and an operating income of 24 billion 478 million yuan, an increase of 42.90% over the same period last year, reversing the negative growth rate of 2.74% in 2009. The basic earnings per share were 1.20 yuan, up 60% over the same period last year.

By the end of 2010, the total assets of Huaxia Bank reached 1 trillion and 40 billion yuan, an increase of 194 billion 774 million yuan from the end of last year, an increase of 23.04%.

In terms of asset quality, the non-performing loan ratio was 1.18%, down 0.32 percentage points from the end of last year.

In addition, the bank's capital adequacy ratio and core capital adequacy ratio at the end of the reporting period were 10.58% and 6.65% respectively.

Minsheng Bank's annual report 2010 showed that the bank realized a net profit of 17 billion 581 million yuan attributable to shareholders of the parent company in 2010, an increase of 45.25% over the same period last year, operating income of 54 billion 768 million yuan, an increase of 30.21% over the previous year, and a basic earnings per share of 0.66 yuan, an increase of 29.41% over the same period last year.

The bank's profit distribution plan in 2010 was 1 yuan (including tax) for every 10 shares of cash, with a total cash dividend of RMB 2 billion 672 million yuan.

By the end of 2010, Minsheng Bank's capital adequacy ratio was 10.44%, down 0.39 percentage points from the same period last year, and the core capital adequacy ratio was 8.07%, down 0.85 percentage points from the same period last year.

China Construction Bank released the 2010 annual business performance report on the evening of 27, indicating that the net profit of Construction Bank in 2010 reached 135 billion 31 million yuan, an increase of 26.39%.

The annual report shows that as of December 31, 2010, the total assets of the CCB reached 10 trillion and 810 billion 317 million yuan, up 12.33% from the end of last year, and the net loan amount of customers and loans was 5 trillion and 526 billion 26 million yuan, an increase of 17.75% from the end of last year, and customer deposits increased by 13.42% to 9 trillion and 75 billion 369 million yuan.

As of December 31, 2010, CCB achieved a pre tax profit of 175 billion 156 million yuan, an increase of 26.26% over the previous year.

The moderate growth of the scale of interest bearing assets increased net interest income by 39 billion 615 million yuan over the previous year, an increase of 18.70% and a net interest rate of 2.49%.

As of December 31, 2010, China Construction Bank's non-performing loan ratio dropped to 1.14%, down 0.36 percentage points from the end of last year.

The ratio of bad preparation to non-performing loans increased to 221.14%, 45.37 percentage points higher than the end of last year. After the successful completion of the A+H rights issue, the capital adequacy ratio and core capital adequacy ratio of the CCB rose to 12.68% and 10.40% respectively, and the cost to income ratio decreased 1.79 percentage points to 37.25% over the previous year.

Societe Generale disclosed its annual report today. The company achieved a net profit of 18 billion 521 million yuan in 2010, an increase of 39.44% over the same period and a profit of 3.28 yuan per share.

The annual report shows that Societe Generale last year achieved total revenue of 43 billion 456 million yuan, up 37.18% over the same period last year.

Among them, interest income was 70 billion 976 million yuan, an increase of 41.84%; the income from intermediary business was 5 billion 282 million yuan, an increase of 38.68% over the same period last year, accounting for 12.16% of total operating income, up 0.14 percentage points over the same period last year.

By the end of the reporting period, the total assets of the company amounted to 1 trillion and 849 billion 673 million yuan, an increase of 38.85% over the beginning of the period, 1 trillion and 132 billion 767 million yuan in deposits and 854 billion 339 million yuan in loans, representing an increase of 25.74% and 21.77% respectively compared with the beginning of the year.

The balance of non-performing loans was 3 billion 616 million yuan, and the ratio of non-performing loans was 0.42%. It continued to maintain a "double drop" and the provision coverage rate was 325.51%.

The company has a capital adequacy ratio of 11.22% and a core capital adequacy ratio of 8.8%, up 0.47 and 0.89 percentage points respectively from the beginning of the period.

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Performance bulletin set the tone

Before the four banks disclosed their 2010 annual reports, several banks had announced their performance bulletins ahead of schedule.

Pudong Development Bank's 2010 performance Bulletin shows that the company achieved operating income of 49 billion 876 million yuan, an increase of 35.44% over the same period, operating profit of 25 billion 18 million yuan, an increase of 45.64% over the previous year, and a net profit of 25 billion 18 million yuan attributable to shareholders of listed companies, an increase of 44.33% over the previous year and 1.6 yuan per share.

The main reason for the growth of Shanghai Pudong Development Bank's profit is the rapid expansion of interest bearing assets, the rise in net interest margin and the substantial increase in fees and charges.

Industrial Bank achieved net profit of 18 billion 528 million yuan, an increase of 39.5% over the same period last year, and China Everbright Bank realized a net profit of 12 billion 678 million yuan, an increase of 65.88% over the same period last year.

Everbright Bank net profit of 12 billion 678 million yuan, an increase of 65.88% over the same period; CITIC Bank expects profit growth of more than 50%; Nanjing Bank net profit increased by 50% over the same period.

Nanjing bank issued a performance notice on the evening of January 21st, saying that it benefited from the good momentum of business development in the bank in 2010, enhanced corporate profitability and controllable asset risk. The net profit of the Company attributable to shareholders of the parent company in 2010 increased by 50% over the same period last year.

The Bank of Ningbo announced its performance bulletin at noon on February 28th. In 2010, the company realized total revenue of 5 billion 911 million yuan, up 41.57% compared to the same period last year. The net profit attributable to shareholders of listed companies was 2 billion 324 million yuan, up 59.47% compared with the same period last year, and the basic earnings per share were 0.91 yuan, up 55.49% over the same period last year.

The company said that the main reason for the company's profit growth is the rapid development of various businesses. With the expansion of asset scale, the profit has also increased correspondingly.

Net profit over 30%, no suspense.

XinDa securities analyst Rao Ming said in an interview with reporters, "the performance of listed banks in 2010 exceeded the market expectations, which is certain."

Rao Ming said that the performance of listed banks in 2010 was gratifying from the annual reports and performance bulletins published by several banks.

"It is estimated that the net profit of listed banks in 2010 should be over 30%, of which 26% of the big banks will be higher and the joint-stock banks will be higher."

CICC's recent research report predicts that the net profit of 17 Listed Banks is expected to grow by 28.3% and 26.5% over the same period in 2010.

Wu Yonggang, a banking analyst at Guotai Junan, predicted that this growth rate was 27%, and CITIC Securities was relatively conservative and expected to be 26%.

Changjiang Securities believes that the net profit of listed banks in 2010 increased by 32% over the same period last year, higher than market expectations of 5%, and net profit rose 26% in the first quarter compared to the same period last year, mainly driven by factors such as bank spreads widened better than market expectations, asset quality is stable, and provision is increased moderately.

The growth of net profit in 2010 mainly came from the rapid growth of net interest income (caused by the rise in interest rates and scale growth) and the effective control of operating expenses.

Benefiting from the fast growth of scale and the effective promotion of net interest margin, agencies generally expect net profit growth of listed banks in 2010 to be above 26%. But the net profit growth performance depends on the provision of banks, and agencies generally predict that the growth of bank performance in 2011 will be relatively slower.

Banking stocks continue to rise unpredictable

Statistics show that since March 17th, 8 bank shares, such as industrial and commercial bank and Construction Bank, have accumulated more than 500 million yuan.

Bank share prices have also started. For example, ICBC started to start from 4.06 yuan in December 30th last year, and continued to rise sharply. Last week, it received 5 consecutive days. The Construction Bank, Agricultural Bank and Bank of China also performed similarly.

Analysts said that bank shares are expected to lead the market in the next stage, and investors should focus on the choice of stocks. After all, the 17 bank stocks are not going hand in hand.

"With the issuance of annual reports and quarterly reports, coupled with expectations of market performance, the banking sector has been doing well in recent times, and is expected to go higher, but it is not yet sustainable," he said.

Rao Ming said.

Mao Junhua, a researcher at CICC, believes that the first time window for bank performance is the 3-4 month's performance disclosure period. It is suggested that investors actively grasp the upcoming performance driven market.

It is recommended that Huaxia Bank, Shanghai Pudong Development Bank, China Merchants Bank, Minsheng Bank and Agricultural Bank of China.