Huan Qiu Lao Hu Cai Jing·2025-07-07 08:40Group 1 - Hongkang Life Insurance increased its stake in Zhengzhou Bank's H-shares by acquiring a total of 39 million shares, raising its ownership from 4.75% to 6.68%, triggering the mandatory disclosure requirement [1] - The total investment for this acquisition was 46.46 million HKD, with 19.31 million HKD spent on June 27 for 16 million shares at 1.2068 HKD per share, and 27.14 million HKD on June 30 for 23 million shares at 1.1804 HKD per share [1] - Zhengzhou Bank's financial performance has been declining, with operating revenues dropping from 145.8 billion CNY in 2020 to 128.8 billion CNY in 2024, and net profits decreasing from 31.68 billion CNY to 18.76 billion CNY during the same period [1] Group 2 - In 2024, Zhengzhou Bank reported a turnaround with a 1.39% increase in net profit, ending a three-year streak of negative growth [2] - For Q1 2025, Zhengzhou Bank continued its growth trend, achieving operating revenue of 3.48 billion CNY, a 2.10% year-on-year increase, and net profit of 1.02 billion CNY, up 4.98% [2] - Zhengzhou Bank announced a cash dividend of 0.20 CNY per 10 shares for the 2024 fiscal year, totaling 182 million CNY, marking its first dividend distribution in five years [2] Group 3 - The price ratio between Zhengzhou Bank's H-shares and A-shares is currently at 0.53, indicating a competitive advantage in terms of value compared to other A + H-share banks [2] - There has been a notable trend of insurance capital increasing stakes in bank stocks, with 13 instances of insurance companies acquiring H-shares of Chinese banks since the end of 2024 [2] - The banking sector is characterized by high dividend yields, ranking third among all industries, with a persistent premium over the risk-free rate represented by 10-year government bonds [3]