Bank of Chongqing Co Ltd
Bank of Chongqing Co Ltd is a regional commercial bank in China that generates revenue primarily through net interest income and fee-based financial services.
Business. Bank of Chongqing Co Ltd (1963.HK) is a banking institution headquartered in Chongqing, China, operating within the Financials sector. The company generates revenue primarily through interest income, consistent with standard banking industry models. It is listed on the Hong Kong Stock Exchange under the ticker symbol 1963.HK. Specific details regarding operating segments or geographic revenue breakdowns are not provided in the available data.
Analyst recommendations
1 analysts · consensus BuyAt a glance
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- Peers
- DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
Bank of Chongqing Co Ltd (1963.HK) is a banking institution headquartered in Chongqing, China, operating within the Financials sector. The company generates revenue primarily through interest income, consistent with standard banking industry models. It is listed on the Hong Kong Stock Exchange under the ticker symbol 1963.HK. Specific details regarding operating segments or geographic revenue breakdowns are not provided in the available data.
Bank of Chongqing maintains a capital structure typical of regional Chinese banks, with total assets of CNY 1.03 trillion and total equity of CNY 63.0 billion. The bank operates with a debt-to-equity ratio of 3.32, reflecting significant leverage inherent to the banking model, while holding long-term debt of CNY 208.9 billion. Liquidity is assessed as medium risk, with operating cash flow of CNY 49.4 billion supporting a free cash flow of CNY 3.5 billion after capital expenditures of CNY 1.3 billion. The balance sheet shows total liabilities of CNY 970.8 billion, indicating a high reliance on deposit and borrowing funding sources.
Profitability metrics indicate modest returns, with a return on equity (ROE) of 8.26% and a return on assets (ROA) of 0.50%. The bank reported net income of CNY 5.65 billion on revenue of CNY 12.46 billion, resulting in a net margin of approximately 45.4%. While specific cohort median comparisons are not provided in the input data, the ROE and ROA figures suggest stable but not exceptional profitability relative to broader banking sector benchmarks. The valuation snapshot shows a price-to-book ratio of 0.18, implying the market values the bank at a significant discount to its tangible book value.
- Bank of Chongqing trades at a significant discount to book value with a P/B ratio of 0.18, suggesting potential undervaluation or market concerns about asset quality.
- The bank generates strong operating cash flow of CNY 49.4 billion, supporting its liquidity and capital expenditure needs.
- Analyst sentiment is highly positive, with a strong buy recommendation and a mean price target of CNY 10.06, implying substantial upside potential.
- Profitability is modest with an ROE of 8.26% and ROA of 0.50%, reflecting the competitive nature of the regional banking sector.
- Low dilution risk and stable share count indicate no immediate pressure on shareholder equity from new issuances.
- Geographic concentration in Chongqing poses both opportunities and risks, depending on local economic conditions and regulatory policies.
Bull / Bear case
Generated · model-assistedThe stock trades at a deep 0.18 price-to-book ratio, suggesting significant undervaluation relative to its tangible book value of CNY 62.97 billion.
Analysts assign a strong buy rating with a mean price target of 10.06, implying 19.2% upside from the current market price.
Cash conversion of 9.51 ranks in the best-in-class quartile, highlighting exceptional ability to turn earnings into cash.
Total assets contracted by 9.9% year-over-year, signaling a shrinking balance sheet and potential credit tightening or deposit outflows.
Net income fell 1.3% year-over-year, indicating stagnating profitability despite a slight increase in total operating revenue.
Free cash flow dropped 11.8% year-over-year, reducing the liquidity available for dividends, buybacks, or organic growth.
The company faces a medium level of liquidity risk, which could constrain operations during periods of market stress.
In focus — financials by report
Revenue ¥12.46B, +22,4% YoY; Net income +10,5% YoY.
- ▍Revenue ¥12.46B, +22,4% YoY
- ▍Net income +10,5% YoY
- ▍Free cash flow +1,7% YoY
- ▍Net margin 45.4%
Revenue ¥11.60B; Net margin 40.2%.
- ▍Revenue ¥11.60B
- ▍Net margin 40.2%
Valuation FY
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,72 |
| Revenue | —no estimate | —no estimate | 16,8B CNY |
| Operating income | —no estimate | —no estimate | 11,8B CNY |
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- Net cash is negative after subtracting total debt.
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- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Return On Assetsnet_income / total_assets
- Price To Tangible Bookmarket_price / (tangible_book_value / shares_outstanding_diluted)
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Bank of Chongqing Co Ltd Market data — financials · 2026-07-11
- Bank of Chongqing Co Ltd Market data — analyst estimates · 2026-07-11
- Bank of Chongqing Co Ltd Market data — ESG · 2026-07-11