Hankou Bank sprints for 12 years and has not been in Lenovo to report the storm for 12 years

There have been no new progress in the sprint for 12 years, and the largest city commercial bank in Hubei has fallen into a report. At the same time as the net profit of revenue increased, the adverse rate was higher than that of the national average of the same period.

Hankou Bank Co., Ltd. (hereinafter referred to as "Hankou Bank"), which has been listed for 12 years, has not yet made new progress, but unexpectedly encountered a crisis of reporting. Recently, the former richest man in Hubei reported that Hankou Bank's capital increase and shareholding was expanded. Under the intervention of Yuan Shanla, the former deputy mayor of Wuhan, Lenovo Holdings Co., Ltd. (hereinafter referred to as "Lenovo Holdings") was become the largest shareholder of the bank. Essence Data show that Lenovo Holdings currently invests in Hankou Bank's total value of 3.197 billion yuan, an appreciation of 2.058 billion yuan from the initial stock. Hankou Bank also provides loan services for Lenovo Holding subsidiaries.

At the same time, Hankou Bank provided a total of 400 million yuan in comprehensive credit for another shareholder of Wuhan Contemporary Technology Industry Group Investment Co., Ltd. (hereinafter referred to as "Contemporary Group").

Under the clouds, the loss of credit impairment in Hankou Bank increased by 25%year -on -year; the asset profit margin and capital profit margin have been lower than the "red line" set by the regulatory office for 2 consecutive years; the adverse rate for two consecutive years is higher than the national average of the same period of the national commercial bank. At the same time, two of the top 10 shareholders of the bank were listed as the executing person.

In response to the reporting incidents, affiliated transactions, and operating performance, I found that the network sent to Hankou Bank to interview the outline. As of press time, Hankou Bank did not make a reasonable response on related issues.

Anti -corruption to pull out Lenovo report storms for 12 years sprint road is long

After 10 years of retirement, Yuan Shanla, former deputy mayor of Wuhan, was dismissed. In March of this year, the website of the Hubei Provincial Commission for Discipline Inspection was released. Yuan Shanla, the former member of the Wuhan Municipal Party Committee and the former executive deputy mayor of the Municipal Government, who suspected of serious disciplinary violations, conducted disciplinary review and supervision investigation.

(Source: Official Website of the Hubei Commission for Discipline Inspection)

With the former executive deputy mayor of Wuhan, Yuan Shanla was investigated, the former richest man in Hubei followed up and reported to Hankou Bank's capital increase and shareholding. Under Yuan Shanra's intervention, Lenovo Holdings became the largest shareholder. At present, Lenovo Holdings has made at least 2 billion yuan in investment.

In the report, Lan Shili revealed the strangeness of Lenovo Holding Hankou Bank, and questioned the exchange of the interests of Lenovo Holdings and another private capital player in Hubei.

Public information shows that Hankou Bank was founded in December 1997 and was renamed "Hankou Bank" by "Wuhan Commercial Bank" in June 2008. In September 2009, a new round of capital increase was launched. It plans to raise 1.27 billion shares, with a total share capital of 3.518 billion shares. Among them, Lenovo Holdings contributed 1.139 billion yuan, becoming the largest shareholder of Hankou Bank, with a shareholding ratio of 19.14%.

Since then, Hankou Bank has completed three capital increases and expansion in 2011, 2012, and 2021. As of the current Lenovo Holdings holding 633 million shares of the bank, holding a shareholding of 13.11%, it is still the largest shareholder of Hankou Bank. In the fourth capital increase and share expansion, Hankou Bank issued 700 million new shares, the issuance price was 5.05 yuan per share, and the raised funds were 3.535 billion yuan. As a result, Lenovo Holdings's current total investment is 3.197 billion yuan, an increase of 2.058 billion yuan from the initial stock.

(Data source: Hankou Bank 2021 Report)

In addition to equity investment, Hankou Bank also provides loan services for Lenovo Holdings's subsidiaries. Lenovo Holdings subsidiaries Lenovo Group Co., Ltd. (hereinafter referred to as "Lenovo Group") previously submitted to the Shanghai Stock Exchange to submit the company and its subsidiaries signed by the company and its subsidiaries. The credit contract with a amount of more than 20 million yuan shows that Motorola (Wuhan) Mobile Technology Communication Co., Ltd. (hereinafter referred to as "Motorola (Wuhan)") borrowed 900 million yuan from Hankou Bank. Data show that Motorola (Wuhan) is an important domestic holding subsidiary of Lenovo Group.

It is worth noting that for Hankou Bank, which has been preparing for 12 years, related reports involving Lenovo Holdings will undoubtedly affect the listing process. Industry insiders pointed out that Hankou Bank will be difficult to go public before the investigation of the report.

Doubt about the affiliated transactions of the acting department

At the same time as the storm reported by Lenovo, Hankou Bank and another shareholder also carried out multiple related transactions and business cooperation. In March 2020, Renfu Pharmaceutical Group Co., Ltd. (hereinafter referred to as "Renfu Pharmaceutical") issued an announcement saying that receiving the "Registration Notice" issued by the China Banking Market Dealers Association, agreed to the company to the China Banking Market The dealers' association applies for the registration and issuance of no more than 1.5 billion yuan (including 1.5 billion yuan) for mid -term bills. The co -owner of the Bank of Communications and Hankou Bank underwritten; in addition, the first ultra -short -term financing voucher of Renfu Pharmaceuticals in 2020 is 500 million yuan, and the main underwriter is Hankou Bank.

(Picture source: announcement of Renfu Pharmaceutical Company)

Not only that, Renfu Pharmaceutical's announcement provided related guarantees for the holding subsidiaries showed that since 2022, the company agreed to be Hubei Gejian Renfu Pharmaceutical Co., Ltd. and Wuhan Renfangcheng Pharmaceutical Co., Ltd. (hereinafter referred to as "Renfu Blessing Kangcheng "), Hubei Renfu Pharmaceutical Group Co., Ltd., including 11 companies including the comprehensive credit of Hankou Bank, provided a joint responsibility guarantee guarantee, with a total guarantee amount of 400 million yuan.

Public data shows that Renfu Pharmaceutical has provided the guarantee balance of the above 11 companies a total of 3.333 billion yuan. According to relevant regulations, if the borrower cannot repay after the repayment period expires, the creditors may ask the debtor to repay, or they may also require the guarantor to repay the loan. (Picture source: announcement of Renfu Pharmaceutical Company)

Data show that Renfu Pharmaceutical was established in 1993 and was listed on the Shanghai Stock Exchange in 1997. It is a group company with real estate, reproductive health, and medicine. The largest shareholder of Renfu Pharmaceutical is the contemporary group. According to data, contemporary groups have participated in Hankou Bank, but the proportion of contemporary group holding Hankou Bank shares in the open channels did not find out the proportion of Hankou Bank.

Regarding the risk issues brought by the credit transactions, industry analysts believe that private enterprises generally obtain financing benefits through local banks, but when companies face more serious upstream and downstream industrial risks or even debt, banks will face more serious ones Bad debt risk.

Asset impairment losses increased by nearly 60% of the profitability, which encountered challenges

In terms of operating performance, the 2021 annual report released by Hankou Bank showed that in 2021, Hankou Bank realized operating income of 6.802 billion yuan, an increase of 21.40%year -on -year; net profit attributable to the company's ordinary shareholders was 1.248 billion yuan, an increase of 17.54%year -on -year.

(Source: Hankou Bank 2021 annual report)

It is worth noting that while realizing the "double increase" of operating income and net profit, Hankou Bank's credit impairment loss increased by 25.15%year -on -year. In 2021, credit impairment loss was 3.847 billion yuan, and 2020 was 3.074 billion yuan. In this regard, industry professionals said that large -scale credit impairment losses have adversely affected the realization of net profit, and the level of profitability needs to be improved.

From the perspective of the asset profit margin and capital profit margin indicators representing profitability, it has been lower than the "red line" set by the regulatory office for two consecutive years; in 2020 and 2021, the asset profit margin under the caliber of Hankou Bank's parent company is 0.24%and 0.27%, respectively. ; Capital profit margins are 4.68%and 4.55%, respectively. According to regulatory regulations, the asset profit margin of commercial banks should not be less than 0.6%and the capital profit margin should not be less than 11%.

(Source: Hankou Bank 2021 annual report)

In terms of asset quality, since 2021, due to the lagging effect of the new crown epidemic on the regional economic impact, the market has been relocated to the type of loan, and the number of non -performing loans in Hankou Bank has increased. In 2021, Hankou Bank's non -performing loan balance was 7.167 billion yuan, an increase of 832 million yuan from the end of the previous year, and the non -performing loan rate was 2.87%. In the previous 2020, the bank's non -performing loan ratio was 2.93%. The adverse rate for two consecutive years is higher than the national average of the national commercial banks. At the same time, the new crown epidemic is still repeated, and the economy is still facing downward pressure. Some companies are under pressure from the production and operation of some companies. Hankou Bank's overdue loan scale has increased. The balance of overdue loans was 6.938 billion yuan, an increase of 23.58%over the end of the previous year. To this end, Hankou Bank has increased the disposal of non -performing loans, and a total of 6.011 billion yuan in non -performing loans was settled throughout the year.

(Picture source: Wind)

(Source: Hankou Bank 2021 annual report)

From the perspective of industry distribution, the adverse rates of real estate and manufacturing in the top five loan industries are higher than the average level of the entire bank; from the perspective of the five -level classification standards, Hankou Bank has included more than 90 days of loan overdue. There is a problem with the ability of individual customers to repay, but there is no overdue. As of the end of 2021, the balance of loans during the exhibition was 10.081 billion yuan, of which 3.95 billion yuan was included in non -performing categories, 2.434 billion yuan was divided into follow -up categories, 3.697 billion yuan was divided into normal classes. Considering that the epidemic situation of new crown pneumonia was still repeated, the assets of Hankou Bank in the future Quality migration needs to be maintained.

At the same time, two of the top 10 shareholders of Hankou Bank were listed as the executed person. Specifically, Wuhan Gaoke Agricultural Group Co., Ltd., the 7th largest shareholder with a shareholding ratio of 4.14%, became the executed person on January 21, 2020; April 27, 2016 became the executed person.

(Reporter Luo Xuefeng Financial Researcher Zhou Zizhang)

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