Xin Lang Cai Jing·2025-11-28 01:44Core Viewpoint - Postal Savings Bank of China (PSBC) shows stable performance with a slight increase in net profit, while financing and securities lending activities indicate low financing balance and high securities lending balance [1][2][3] Financing Activities - On November 27, PSBC had a financing buy-in amount of 89.22 million yuan and a financing repayment of 66.08 million yuan, resulting in a net financing buy-in of 23.14 million yuan [1] - The current financing balance is 9.56 billion yuan, accounting for 0.25% of the market capitalization, which is below the 30th percentile level over the past year, indicating a low financing level [1] - The securities lending activities on the same day included a repayment of 37,400 shares and a sell-out of 31,300 shares, with a sell-out amount of 181,200 yuan, while the securities lending balance is 4.96 million yuan, exceeding the 70th percentile level over the past year, indicating a high level [1] Company Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, provides banking and related financial services in China, focusing on personal banking, corporate banking, and fund operations [2] - The revenue composition includes 65.15% from personal banking, 22.71% from corporate banking, and 12.10% from fund operations, with other businesses contributing 0.04% [2] - As of September 30, 2025, PSBC reported a net profit of 76.56 billion yuan, a year-on-year increase of 0.98% [2] Dividend Distribution - Since its A-share listing, PSBC has distributed a total of 137.80 billion yuan in dividends, with 77.40 billion yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of PSBC include Hong Kong Central Clearing Limited, which holds 520 million shares, a decrease of 422 million shares from the previous period [3] - Other notable shareholders include Huaxia SSE 50 ETF, Huatai-PB CSI 300 ETF, and E Fund CSI 300 ETF, all of which have seen a reduction in their holdings compared to the previous period [3]