Xin Hua Wang·2025-08-12 06:30Core Viewpoint - The performance of listed banks in 2021 has been impressive, with all 22 banks reporting positive growth in net profit, and a significant portion achieving double-digit growth in both revenue and net profit [1][2][3]. Group 1: Performance Overview - As of March 6, 2022, 22 listed banks have released their 2021 performance reports, all showing positive forecasts [1]. - Among these banks, 19 reported a double-digit growth rate in net profit, accounting for over 80% of the total [1]. - Shanghai Bank reported a revenue of 56.23 billion yuan, a year-on-year increase of 10.81%, and a net profit of 22.04 billion yuan, up 5.54% [1]. - The total assets of Shanghai Bank reached 2.65 trillion yuan, a growth of 7.76%, with a non-performing loan ratio of 1.25% [1]. Group 2: Leading Banks - In terms of revenue, China Merchants Bank, Industrial Bank, and CITIC Bank ranked as the top three listed banks, each exceeding 200 billion yuan in revenue, with China Merchants Bank leading at 331.23 billion yuan [2]. - China Merchants Bank is the only bank with a net profit exceeding 100 billion yuan, reporting 119.92 billion yuan for 2021 [2]. - Ningbo Bank and Jiangsu Bank achieved the highest growth rates, with revenue growth of 28.24% and net profit growth of 30.72%, respectively [2]. Group 3: Market Sentiment and International Interest - The overall performance of listed banks is expected to continue improving, driven by stable growth policies, which may further catalyze valuation recovery [3]. - Recent adjustments by FTSE Russell included the addition of two billion-dollar market cap banks, Ningbo Bank and Postal Savings Bank, to the FTSE China A50 Index [3]. - International funds, such as Allianz's China A-Share Fund, have increased their holdings in China Merchants Bank, indicating growing foreign interest in Chinese bank stocks [4].