Bank Of Guiyang(SH:601997) 数说者·2025-08-20 23:31Core Viewpoint - The article provides a comparative analysis of two urban commercial banks in Guizhou Province: Guizhou Bank and Guiyang Bank, highlighting their differences in ownership structure, financial performance, and operational metrics [2][3][4]. Ownership and Structure - Guizhou Bank was formed in 2012 through the merger of three city commercial banks and is primarily owned by the Guizhou Provincial Finance Department, holding 20% of shares [3]. - Guiyang Bank originated from 25 urban credit cooperatives in 1997 and is mainly owned by the Guiyang State-owned Assets Investment Management Company, with a 12.82% stake [4][5]. Capital Market Presence - Guizhou Bank was listed on the Hong Kong Stock Exchange in 2019, making it the first financial institution from Guizhou to enter the international capital market [6]. - Guiyang Bank was listed on the Shanghai Stock Exchange in 2016 [7]. Operational Scope - Both banks operate branches across nine cities in Guizhou Province, with Guiyang Bank also having a branch in Chengdu, Sichuan. Guiyang Bank generates 94.48% of its revenue from Guizhou, with 50.38% from Guiyang city [8]. - As of the end of 2024, Guizhou Bank has 222 branches, while Guiyang Bank has 296 branches [8]. Subsidiaries - Guizhou Bank currently has no subsidiaries [9]. - Guiyang Bank operates two subsidiaries: one in Sichuan and another in Guiyang [9]. Employee Metrics - As of the end of 2024, Guizhou Bank employs 5,604 staff, with 7.42% holding a master's degree or higher [10]. - Guiyang Bank has 5,888 employees, including 1,440 at the headquarters, with 9.22% holding a master's degree or higher [10]. Financial Performance - In 2024, Guizhou Bank reported total assets of 589.99 billion, while Guiyang Bank reported 705.67 billion [11]. - Guizhou Bank's net profit attributable to shareholders was 3.779 billion, compared to Guiyang Bank's 5.164 billion [11]. - Guiyang Bank has a lower non-performing loan ratio of 1.58% compared to Guizhou Bank's 1.72% [11][12]. Long-term Growth Trends - Over the past decade, both banks have seen asset growth, with Guiyang Bank consistently outperforming Guizhou Bank, although the gap has narrowed from 62% of Guiyang Bank's assets in 2016 to 84% in 2024 [13]. - In terms of operating income, Guiyang Bank's revenue has also been higher, but Guizhou Bank's share of Guiyang Bank's revenue increased from 69% in 2017 to 83% in 2024 [16]. Business Structure - Both banks primarily generate revenue from net interest income, with Guizhou Bank's share declining from over 100% in 2017 to 73.86% in 2024, while Guiyang Bank's share remained relatively stable at 74.48% [20]. - The loan structure is predominantly corporate loans, with Guizhou Bank maintaining around 85% and Guiyang Bank increasing from 69.71% in 2015 to 82.2% in 2024 [27]. Asset Quality - Guizhou Bank has a higher non-performing loan ratio but a better provision coverage ratio compared to Guiyang Bank, indicating a mixed assessment of asset quality [36][33]. Employee Compensation - In 2024, Guiyang Bank's employee compensation was 2.525 billion, while Guizhou Bank's was 2.244 billion, reflecting a similar average salary due to the difference in employee numbers [37]. Conclusion - Overall, Guiyang Bank, as a city-level bank, has maintained a larger scale than Guizhou Bank, a provincial-level bank, but the gap is closing. Both banks exhibit similar business structures and operational focuses, with comparable asset quality metrics [40].