BOB(SH:601169) Xin Lang Zheng Quan·2025-10-30 14:23Core Viewpoint - Beijing Bank, established in 1996 and listed in 2007, is a prominent urban commercial bank in China with a strong presence in the Beijing-Tianjin-Hebei region, focusing on corporate, personal, and funding businesses [1] Financial Performance - As of Q3 2025, Beijing Bank reported operating revenue of 51.588 billion yuan, ranking third in the industry, surpassing the industry average of 23.652 billion yuan and the median of 11.74 billion yuan, but below Jiangsu Bank and Ningbo Bank [2] - The net profit for the same period was 21.105 billion yuan, also ranking third in the industry, exceeding the industry average of 10.212 billion yuan and the median of 5.196 billion yuan, but lower than Jiangsu Bank and Ningbo Bank [2] Financial Ratios - The debt-to-asset ratio for Q3 2025 was 92.09%, slightly up from 91.18% year-on-year, but lower than the industry average of 92.63%, indicating good solvency [3] - The gross profit margin for Q3 2025 was 46.43%, an increase from 44.60% year-on-year, and higher than the industry average of 45.51%, reflecting strong profitability [3] Executive Compensation - The chairman, Huo Xuewen, received a salary of 698,500 yuan in 2024, a decrease of 390,500 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 34.74% to 183,000, while the average number of circulating A-shares held per shareholder decreased by 25.78% [5] - Notable changes among the top ten circulating shareholders include a decrease in holdings by Hong Kong Central Clearing Limited and the exit of Huatai-PineBridge CSI 300 ETF from the list [5] Growth and Transformation - Longjiang Securities noted that Beijing Bank's revenue and net profit growth turned positive in the first half of the year, with highlights including accelerated growth in total assets and credit scale, improved net interest margin, and rising non-interest income [5] - Huatai Securities emphasized the bank's ongoing retail and digital transformation, with improvements in interest income and a decline in credit costs [6]