Xin Lang Cai Jing·2025-11-12 07:57Core Viewpoint - Postal Savings Bank of China (PSBC) shows stable performance with a recent stock price increase and a solid dividend yield, indicating potential investment opportunities 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]. - For the period from January to September 2025, PSBC reported a net profit of 765.62 billion yuan, representing a year-on-year growth of 0.98% [7]. Market Activity - On November 12, PSBC's stock rose by 0.69% with a trading volume of 9.93 billion yuan and a turnover rate of 0.25%, leading to a total market capitalization of 704.96 billion yuan [1]. - The main capital inflow for PSBC today was 67.79 million yuan, accounting for 0.07% of the total, with no significant trend in main capital movements observed [3][4]. Shareholder Structure - As of September 30, 2025, PSBC had 142,600 shareholders, a decrease of 13.09% from the previous period, while the average circulating shares per person increased by 15.29% to 478,570 shares [7]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable reductions in their holdings compared to the previous period [8][9]. Business Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, primarily offers banking and financial services in China, with personal banking contributing 65.15% to its revenue, corporate banking 22.71%, and fund operations 12.10% [6].