Xin Lang Cai Jing·2025-11-04 07:41Core Viewpoint - Postal Savings Bank of China (PSBC) shows a stable performance with a recent stock price increase and a solid dividend yield, indicating potential investment attractiveness in the context of state-owned enterprise reforms [1][2]. Financial Performance - PSBC's recent three-year dividend yields are 5.58%, 6.00%, and 4.61% respectively, reflecting a consistent return to shareholders [2]. - As of September 30, 2025, PSBC reported a net profit of 765.62 billion yuan, a year-on-year increase of 0.98% [7]. Market Activity - On November 4, PSBC's stock rose by 2.42%, with a trading volume of 1.309 billion yuan and a turnover rate of 0.33%, leading to a total market capitalization of 710.963 billion yuan [1]. - The stock has seen a net inflow of 1.04 million yuan today, with no significant trend in major shareholder activity [3][4]. Shareholder Structure - As of September 30, 2025, the number of PSBC shareholders decreased by 13.09% to 142,600, while the average circulating shares per person increased by 15.29% to 478,570 shares [7]. - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable reductions in their holdings [8][9]. Business Overview - PSBC, established in 2007 and listed in 2019, primarily offers banking and financial services in China, with personal banking contributing 65.15% to its revenue, corporate banking 22.71%, and funding operations 12.10% [6]. - The bank operates under the categories of state-owned large banks, with a focus on long-term value and low price-to-earnings ratios [6].