Huishang Bank Corp Ltd (03698.HK) saw its stock price surge by 5.30% in pre-market trading on Friday, following the release of impressive financial results for the fiscal year.
The bank reported a net profit attributable of RMB15,414 million, showcasing strong performance in a challenging economic environment. Net interest income reached RMB28,591 million, with a net interest margin (NIM) of 1.71%. In a move that's likely to please investors, Huishang Bank recommended a cash dividend of RMB0.21 per share.
The bank's financial health indicators also remained robust. As of the fiscal year-end, Huishang Bank's core Tier 1 capital adequacy ratio stood at 9.83%, indicating a strong capital position. Additionally, the non-performing loan (NPL) ratio was reported at 0.99%, reflecting the bank's effective risk management practices. These solid results appear to have boosted investor confidence, driving the significant pre-market stock price increase.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。