Recently, Bank Of Changsha Co., Ltd. announced that as of October 13, 2025, its fourth largest shareholder, Hunan Sanli Information Technology Co., Ltd. (hereinafter referred to as "Sanli Information"), has reduced its stake in the bank by approximately 12.03 million shares through centralized bidding, with a share price range between 9.05 yuan and 10.39 yuan per share, totaling about 117 million yuan.
On June 22, Bank Of Changsha announced that Sanli Information intended to reduce its shares by no more than 37 million shares within three months from 15 trading days after the announcement date, which corresponds to a reduction ratio of no more than 0.92% of the bank's total share capital. The reduction period was set from July 14, 2025, to October 13, 2025.
It is understood that Sanli Information, the fourth largest shareholder of Bank Of Changsha, along with its concerted actor, Hunan Provincial Communication Industry Service Co., Ltd., held a total of 501 million shares prior to the reduction plan, accounting for 12.47% of the total shares. All of these shares were acquired before the IPO, marking the first reduction by Sanli Information since Bank Of Changsha went public in 2018.
Notably, the shares reduced this time only accounted for one-third of the planned amount. Market analysts suggest that shareholders opting to sell at high prices typically reflect a cautious attitude towards future market trends. This reduction might be attributed to the recent sluggish performance of Bank Of Changsha’s stock price, which continuously fell below shareholders' anticipated reduction expectations.
Observations indicate that the planned reduction timeline coincided with Bank Of Changsha's stock price reaching a historical peak. In early July, the stock price peaked at 10.49 yuan, but by late September, it had dipped to 8.74 yuan, representing a nearly 20% decline, before slightly rebounding in October.
The latest semi-annual report revealed that Bank Of Changsha achieved operating income of 13.249 billion yuan in the first half of the year, a year-on-year increase of 1.59%, with net profit attributable to shareholders of the parent company reaching 4.329 billion yuan, up 5.05% year-on-year.
Examining the revenue composition, the growth in revenue was mainly driven by investment income. In the first half of the year, the bank recorded net interest income of 9.659 billion yuan, a year-on-year decrease of 1.74%. Concurrently, non-interest net income reached 3.590 billion yuan, indicating a year-on-year increase of 11.78%, with investment income itself rising to 3.184 billion yuan, a remarkable increase of 118.82%.
As for asset quality, as of the report date, the non-performing loan ratio of Bank Of Changsha stood at 1.17%, unchanged from the end of the previous year; the provision coverage ratio is 309.71%, a decrease of 3.09 percentage points from the previous year's end; and the provision-to-loan ratio is 3.62%, down 0.04 percentage points from the end of the previous year.
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