HZBank(SH:600926) Sou Hu Cai Jing·2026-01-13 01:42Core Viewpoint - The article highlights the ongoing changes in the shareholder structure of Hangzhou Bank, particularly focusing on the divestment actions of Baida Group and the implications for the bank's governance and performance [3][6]. Shareholder Changes - Baida Group announced the sale of 4.9151 million shares of Hangzhou Bank in 2025, generating a total transaction amount of 77.1211 million yuan, which impacted the net profit attributable to the parent company by 5.9271 million yuan [3][6]. - As of January 5, 2026, Baida Group retained 4.3764 million shares of Hangzhou Bank [3]. - Baida Group has been reducing its stake in Hangzhou Bank since 2017, with a notable reduction of 7.838 million shares in 2022 and 4.3291 million shares in 2024 [5][6]. Historical Context - Baida Group has been a founding shareholder of Hangzhou Bank since its establishment in 1996, reflecting its long-standing connection to the bank [4]. - The bank was listed on the Shanghai Stock Exchange in 2016, marking a significant milestone in its growth [4]. Performance Metrics - For the first three quarters of 2025, Hangzhou Bank reported a revenue of 28.88 billion yuan, a year-on-year increase of 1.35%, and a net profit of 15.885 billion yuan, up 14.53% year-on-year [12]. - The bank's net interest income reached 20.093 billion yuan, growing by 9.96%, while net income from fees and commissions rose by 12.65% to 3.298 billion yuan [12]. - As of the end of Q3 2025, Hangzhou Bank's total assets amounted to 2.30 trillion yuan, reflecting an 8.67% increase from the previous year [12]. Governance and Management - Following the resignation of the former president in April 2025, the chairman, Song Jianbin, has been acting as the president for over eight months, raising concerns about the prolonged interim leadership [11][12]. - The bank has undergone significant governance changes, including the decision to abolish the supervisory board, with Wang Lixiong appointed as vice president [10][12].