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Hong Kong
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Chong Hing Bank Limited (创兴银行有限公司)

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Chong Hing Bank Limited (创兴银行有限公司)

Previous name(s)
Liu Chong Hing Bank Limited (2006)

Headquarters
Ground Floor, Chong Hing Bank Centre, 24 Des Voeux Road Central, Hong Kong; Hong Kong; Hong Kong
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : HK1111036765
Financial Auditors: Deloitte Touche Tohmatsu (2013)
Incorporation Date: March 17, 1955

Tel: (852) 3768-1111

Company Description

The Bank is engaged in the provision of banking and related financial services.

Company Analysis

According to the Consolidated - Audited financial statement for the first half of 2012, total net operating revenues decreased with -32.15%, from HKD 979,607,000 to HKD 664,646,000 . Operating result decreased from HKD 467,866,000 to HKD 298,176,000 which means -36.27% change. The results of the period decreased -36.61% reaching HKD 259,749,000 at the end of the period against HKD 409,793,000 last year. Return on equity (Net income/Total equity) went from 6.00% to 3.69%, the Return On Asset (Net income / Total Asset) went from 0.56% to 0.33% and the Net Profit Margin (Net Income/Net Sales) went from 41.83% to 39.08% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1035.15% compared to 976.47% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.30 to 0.28 when compared to the previous year.

Key Executives

LIU Lit Mo Chairman and Executive Director
LIU Lit Mo Chairman and Executive Director
Wilfred Chun Ning LIU Executive Director
He Jiale Non-Executive Director
Alfred Cheuk Yu CHOW Non-Executive Director
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Balance Sheet

Total Assets

80,755,365

79,822,477

Current Assets

22,121,390

18,694,265

Total Liabilities

73,381,285

72,790,590

Shareholders Equity

7,374,080

7,031,887

Current Liabilities

69,352,225

67,973,271

* All the accounts are in HKD.
Income Statement

Total Operating Revenue

1,483,843

664,646

Operational Profit (Loss)

599,418

298,176

Net Profit (Loss)

543,340

259,749

* All the accounts are in HKD.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.67%

0.33%

Annualised Return on Assets (ROA)

0.67%

0.66%

Return on Equity (ROE)

7.37%

3.69%

Annualised Return on Equity (ROE)

7.37%

7.38%

Return on Sales (ROS)

64.92%

64.85%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

646,385

309,023

EBITDA

705,594

338,198

Bookvalue (BV)

7,374,080

7,031,887

Leverage Ratios

Leverage ratio

1,095.12%

1,135.15%

Market ratios

Price/Book Ratio

0.96

0.76

Trend Ratios

Revenue Trend

-12.09%

-21.35%

Net Income Trend

-3.1%

-36.61%

Operating Income Trend

-6.92%

-36.27%