Beijing Bank Expands Operations in Three Directions

Reported about 1 year ago

On June 8, 2024, Beijing Bank (2809) reported a net profit after tax of 426 million yuan in May, a 13% increase from the same period last year. The accumulated post-tax net profit for the first five months reached 2.805 billion yuan, a 78.3% annual increase, with earnings per share (EPS) at 2.52 yuan. The shareholders' meeting approved a dividend of 3 yuan per share, with a cash dividend yield of 4.92% based on the closing price on the 7th. The board has set the ex-dividend date for June 26 and will distribute cash dividends on July 18. Looking ahead, Beijing Bank aims to focus on increasing interest spreads, controlling funding costs, and stabilizing core deposits. The stock price of Beijing Bank closed at 61 yuan on the 7th, rising 1 yuan or 1.67% over the past five trading days. Institutional investors accumulated a net purchase of 2,940 shares in the last five trading days, with the stock price showing strength in the short term, challenging the previous high of 67.4 yuan. For more news, visit Business Times for reports on material shortages, a 7% revision in the global server market, day trading tax reductions passing the third reading, and PCB manufacturers innovating to enter the semiconductor testing board sector.

Source: YAHOO

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