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Companies Financials 1963.HK
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1963.HK HKEX Banks

Bank of Chongqing Co Ltd

HK$8,44
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Mcap
13,3B HKD
P/E
2,0x
EV / Rev
17,7x
Div yield
6,94 %
Op margin
ROE
8,3 %
Net margin
47,9 %
Debt / equity
3,32
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
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About

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.

Classification92 %
SectorFinancials
Business sectorBanking & Investment Services
IndustryBanks
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target10,06

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
10,06
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
2,0x
P/E
Analysts
Buy
1 analysts · indicative
Ownership
not yet wired
Profitability
8,3 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 1963.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 1963.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • 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

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    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.

    Classification92 %
    SectorFinancials
    Business sectorBanking & Investment Services
    IndustryBanks
    AI synthesis
    GENERATED

    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.

    Key takeaways
    • 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-assisted
    BULL CASE · 3

    The 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.

    BEAR CASE · 4

    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

    Annual
    ANNUALFiled 2026-03-24
    FY 2026 · Full-year highlights

    Revenue ¥12.46B, +22,4% YoY; Net income +10,5% YoY.

    Revenue¥12.46B+22,4 % YoY
    Operating income
    Net income¥5.65B+10,5 % YoY
    Free cash flow¥3.53B+1,7 % YoY
    EPS
    Operating cash flow¥49.44B+338,3 % YoY
    Financials
    Income statement
    Revenue¥12.46B
    Gross profit
    Operating income
    Net income¥5.65B
    Margins
    Gross margin
    Operating margin
    Net margin45.4%
    FCF margin28.3%
    Balance sheet
    Total assets¥1.03T
    Total liabilities¥970.75B
    Total equity¥62.97B
    Cash & equivalents
    Long-term debt¥208.87B
    Cash flow
    Operating cash flow¥49.44B
    CapEx-¥1.32B
    Free cash flow¥3.53B
    SBC
    P&L flow · revenue → net income
    Revenue ¥12.46BFinance ¥19.13BNet income ¥5.65B
    Highlights
    • Revenue ¥12.46B, +22,4% YoY
    • Net income +10,5% YoY
    • Free cash flow +1,7% YoY
    • Net margin 45.4%

    Valuation FY

    Market price
    HK$8,44
    Market cap
    HK$11.53B
    Enterprise value
    HK$220.40B
    P/E
    2.0x
    Non-GAAP P/E
    EV / Revenue
    17.7x
    EV / Op income
    EV / OCF
    4.5x
    P / B
    0.2x
    P / Tangible book
    0.2x
    Tangible book
    HK$62.97B
    Net cash
    -HK$208.87B
    Current ratio
    Debt / equity
    3.3
    ROA
    0.5%
    ROE
    8.3%
    Cash conversion
    951.0%
    CapEx / revenue
    -12.2%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Consumer & Retail Banking
    low · llm_fanout_v2
    Corporate & Institutional Banking
    low · llm_fanout_v2
    Corporate & Investment Banking
    low · llm_fanout_v2
    Retail Banking
    low · llm_fanout_v2
    Retail Banking Services
    low · llm_fanout_v2

    Market share

    — missing data

    Business relationships

    Business relationships3 disclosed relationships · 1 type · extracted from filings & disclosures
    Competitors3
    Bank Of America CorpBAC.OCompetitor50%
    CITIGROUP INC.C.NCompetitor50%
    JPMORGAN CHASE & CO.JPM.NCompetitor50%

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 43 %
    EPS
    Consensus EPS
    1,72
    Predicted surprise
    -0,08
    Beat probability
    43 %
    Analysts
    1
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    revision ratio -0,04 · as of 2026-07-11 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate1,72
    Revenueno estimateno estimate16,8B CNY
    Operating incomeno estimateno estimate11,8B CNY
    Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy1
    Buy0
    Hold0
    Sell0
    Strong sell0
    12-month price targetHK$10,06 · Median HK$10,06
    Low HK$10,06High HK$10,06
    Operating income · consensus11,8B CNY
    EPS surprise
    −30,2 %
    reported vs consensus · miss
    Revenue surprise
    −26,0 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$10,06
    MeanHK$10,06
    MedianHK$10,06
    HighHK$10,06
    SpotHK$8,44
    +19.2 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Net Margin47,9 %Above median
    ROE8,3 %Above median
    Capex / Rev-12,2 %Bottom quartile
    D/E3,32Bottom quartile
    Cash Conv9,51Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    • Return On Assets
      net_income / total_assets
    • Price To Tangible Book
      market_price / (tangible_book_value / shares_outstanding_diluted)
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    Source documents
    • 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

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    1963.HKCanonical
    HKEX · HKD

    Intel & risk

    PredictorBeat prob43 %Surprise-0,08Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.
    Relationship graph
    1963JPMBACCBanks
    This companyPeerSector

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-03-24 15:48 UTCEARNINGSAnnual results — FY 2026 Revenue CNY 12.46B · Net CNY 5.65B
    2022-02-28 14:47 UTCEARNINGSAnnual results — FY 2022 Revenue CNY 11.60B · Net CNY 4.66B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage