Market Brief

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Author

何國穎先生 (Paul Ho)
助理經理

現任職輝立助理經理,除了鑽研圖表和數據分析外,也著重股票基本分析面。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
Phone:
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中國銀行 (03988.HK)

Monday, March 2, 2026 Views86

中國銀行 (03988.HK)

業績:

- 截至2025年9月止九個月,集團之股東應佔溢利增長1﹒1%至1776﹒6億元(人民幣;下同),淨利息收入下跌3%至3257﹒92億元,非利息收入增加16﹒2%至1663﹒23億元,淨利息收益率較去年底上升0﹒15個百分點至1﹒26%,信用減值損失下跌7﹒3%至795﹒07億元。客戶存款及客戶貸款分別較去年底上升7﹒5%及8﹒2%,至256﹐788億元及227﹐859億元。資本充足率較去年底下跌0﹒1個百分點至18﹒66%,一級資本充足率則較去年底上升0﹒28個百分點至14﹒66%。

 

- 2025年上半年度,集團之股東應佔溢利上升2﹒4%至1078﹒81億元(人民幣;下同)。各業務狀況如下:

(一)利息收入下跌7﹒3%,利息支出則減少8﹒8%,淨利息收入減少5﹒3%至2148﹒16億元。 淨息差為1﹒26%,去年同期為1﹒44%;

(二)非利息收入上升25﹒7%至1146﹒02億元,佔總經營收入34﹒8%,去年同期佔28﹒7% ;

(三)經營支出增加10﹒3%至1194﹒96億元,成本對收入比率由去年同期34﹒1%上升至 36﹒3%;

(四)貸款減值準備減少10﹒7%至649﹒31億元,減值貸款率為1﹒24%,去年底為1﹒25%;

(五)客戶存款及客戶貸款(已扣除減值)分別較去年底增加5﹒8%及6﹒8%,至252﹐523億元及

224﹐882億元。貸存比率由去年底之88﹒2%上升至89﹒1%;

(六)資金充足比率及一級資本充足比率分別為18﹒67%及14﹒32%,去年底分別為18﹒76%及 14﹒38%。

 

 

買入價 4.4元

目標價 5.3元

止蝕價 4元

 

資料來源: ETNET

 

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