面对城商行突袭，华夏银行打起业绩「防御战」

Core Viewpoint - Under the reshuffling of commercial banks, city commercial banks are gaining momentum, increasing growth anxiety for lagging joint-stock banks like Huaxia Bank [1][2]. Group 1: Financial Performance - Huaxia Bank reported a revenue of 64.881 billion and a net profit of 17.982 billion for the first three quarters, representing declines of 8.79% and 2.86% year-on-year, respectively [1][6]. - Among 42 listed banks in A-shares, Huaxia Bank ranked 40th and 37th in revenue and net profit growth rates, indicating a significant lag behind most banks [2]. - In the third quarter, Huaxia Bank experienced a revenue decline of 15.02% but a net profit increase of 7.62%, marking a V-shaped reversal in profit growth [7][9]. Group 2: Asset Quality and Risk Management - As of the end of the third quarter, Huaxia Bank's non-performing loan ratio stood at 1.58%, the worst among A-share joint-stock banks [4][14]. - The bank faces a dilemma between sacrificing risk control for growth or tightening risk management and potentially losing market share to aggressive city commercial banks [5][16]. - The bank's management has undergone significant changes, including the appointment of a new chairman and several key executives, aimed at addressing long-standing governance and risk management issues [18][19]. Group 3: Strategic Adjustments - Huaxia Bank is implementing a "cutting inward" strategy to optimize its organizational structure and improve operational efficiency [20][21]. - The bank's focus is shifting towards retail transformation and digital risk control, with an emphasis on supporting technological innovation and green finance [29]. - The bank's capital adequacy ratio is at 12.63%, which, while above the regulatory requirement, is still at the lower end compared to peers, indicating a weak capacity to absorb risks [14][23]. Group 4: Competitive Landscape - Huaxia Bank's profits have been surpassed by five city commercial banks, which are experiencing higher growth rates, intensifying competitive pressure [25][26]. - The bank's main markets, the Beijing-Tianjin-Hebei and Yangtze River Delta regions, are also the battlegrounds for these aggressive city commercial banks [28].