Bank of Chengdu Co Ltd
Bank of Chengdu Co Ltd provides a range of banking and financial services, including corporate and retail banking, asset management, and investment banking.
Business. Bank of Chengdu Co Ltd (601838.SS) is a bank headquartered in China that operates within the Banking & Investment Services industry. The company generates revenue primarily through interest income, consistent with standard banking operations. It is listed on the Shanghai Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not available.
Analyst recommendations
13 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
Signals & dispatch
Composite-score breakdown
Synthesis
Bank of Chengdu Co Ltd (601838.SS) is a bank headquartered in China that operates within the Banking & Investment Services industry. The company generates revenue primarily through interest income, consistent with standard banking operations. It is listed on the Shanghai Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not available.
Bank of Chengdu maintains a debt-to-equity ratio of 3.21, indicating a capital structure that is significantly leveraged. The company's liquidity position is assessed as medium, with a negative net cash position after subtracting total debt. This suggests potential pressure on short-term liquidity, particularly in the context of its operating cash flow, which was negative at -3.53 billion CNY in the latest reporting period.
Profitability metrics show a return on equity (ROE) of 4.47% and a return on assets (ROA) of 0.28%. These figures are below the typical performance benchmarks for banks, suggesting that the company is underperforming relative to its peers in terms of asset utilization and capital efficiency.
The company's revenue is concentrated in its core banking operations, with no disclosed segment breakdown. Geographically, it operates primarily in China, with no material international exposure reported. This concentration may expose the company to regional economic and regulatory risks.
Looking ahead, the company's revenue is expected to grow, though the exact rate is not specified. Analysts have provided a mean price target of 22.21 CNY, with a median of 21.76 CNY, indicating a generally positive outlook despite the company's current financial challenges.
Risk factors include the company's high leverage and negative operating cash flow, which could lead to liquidity constraints. The risk of dilution is assessed as low, with no significant dilution events reported in the latest filings. However, the company's capital structure and liquidity position remain key areas of concern.
Recent filings and transcripts have not revealed any major strategic shifts or operational changes. The company continues to focus on its core banking services, with no significant new initiatives disclosed in the latest available documents.
- Bank of Chengdu has a high debt-to-equity ratio of 3.21, indicating a leveraged capital structure.
- The company's ROE of 4.47% and ROA of 0.28% suggest underperformance relative to industry benchmarks.
- Revenue is concentrated in core banking operations with no material international exposure.
- Analysts have a generally positive outlook, with a mean price target of 22.21 CNY.
- The company faces liquidity risks due to negative operating cash flow and high leverage.
Bull / Bear case
Generated · model-assistedRevenue grew at an 8.5% CAGR over five years, reaching CNY 20.0 billion in FY2026.
Net income expanded at a 14.1% CAGR, reaching CNY 13.3 billion in FY2026.
Analysts project 11.1% upside to a mean price target of CNY 22.21.
Total assets grew at a 16.2% CAGR, reaching CNY 1.4 trillion in FY2026.
ROE of 4.5% falls below the 6.2% median for 992 bank peers.
Debt-to-equity ratio of 3.21 places the bank in the bottom quartile of peers.
Cash conversion of -1.06 ranks in the bottom quartile among 924 peers.
Net income growth slowed to 3.3% year-over-year in FY2026.
The company faces a medium level of liquidity risk.
In focus — financials by report
Revenue ¥20.01B, +8,4% YoY; Net income +3,3% YoY.
- ▍Revenue ¥20.01B, +8,4% YoY
- ▍Net income +3,3% YoY
- ▍Free cash flow +10,7% YoY
- ▍Net margin 66.4%
Revenue ¥18.46B, +4,6% YoY; Net income +10,2% YoY.
- ▍Revenue ¥18.46B, +4,6% YoY
- ▍Net income +10,2% YoY
- ▍Free cash flow −7,8% YoY
- ▍Net margin 69.7%
Revenue ¥17.65B, +6,9% YoY; Net income +16,2% YoY.
- ▍Revenue ¥17.65B, +6,9% YoY
- ▍Net income +16,2% YoY
- ▍Free cash flow +15,5% YoY
- ▍Net margin 66.1%
Revenue ¥16.52B, +14,5% YoY; Net income +28,2% YoY.
- ▍Revenue ¥16.52B, +14,5% YoY
- ▍Net income +28,2% YoY
- ▍Free cash flow +39,5% YoY
- ▍Net margin 60.8%
Revenue ¥14.42B; Net margin 54.3%.
- ▍Revenue ¥14.42B
- ▍Net margin 54.3%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 3,39 |
| Revenue | —no estimate | —no estimate | 25,4B CNY |
| Operating income | —no estimate | —no estimate | 18,5B CNY |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Bank of Chengdu Co Ltd Market data — financials · 2026-05-27
- Bank of Chengdu Co Ltd Market data — analyst estimates · 2026-05-27
- Bank of Chengdu Co Ltd Market data — ESG · 2026-05-27