002948.SHE Bank of Qingdao Co Ltd
- Market cap
- CNY 34.9B
- P/E
- 6.4x
- P/B
- 0.64x
- ROE
- 12.7%
- Dividend yield
- 3.47%
- Fundamental score
- -
Ratios use the latest price and the fiscal year ending Dec 2025.
Is 002948.SHE undervalued?
Graham number002948.SHE trades 57.3% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Bank of Qingdao Co Ltd fundamental analysis
No fundamental analysis for Bank of Qingdao Co Ltd yet.
Bank of Qingdao Co Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Bank of Qingdao Co Ltd
Bank of Qingdao Co., Ltd. provides personal and corporate banking, and financial market services in the People's Republic of China. It operates through Corporate Banking, Retail Banking, and Financial Market Business segments. The company offers deposit and savings products; personal loans, corporate loans, Youth Easy loans; professional card services, investment and wealth management, and credit card lines; foreign exchange deposit and withdrawal services; foreign exchange …
Full company profileBank of Qingdao Co Ltd financial statements
Bank of Qingdao Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 10.7B | 12.5B | 14.8B | 16.8B | 18.6B | 21.0B | 21.9B | 22.9B | 24.8B | 26.3B |
| Gross Profit | 6.00B | 5.57B | 7.37B | 9.16B | 9.60B | 10.4B | 10.3B | 11.0B | 12.3B | 11.3B |
| Operating Income | 2.67B | 2.37B | 2.48B | 2.83B | 2.73B | 3.23B | 3.14B | 3.93B | 5.00B | 6.24B |
| EBITDA | 2.97B | 2.69B | 2.88B | 3.24B | 3.16B | 3.72B | 3.68B | 4.50B | 5.59B | 6.85B |
| Net Income | 2.09B | 1.90B | 2.02B | 2.28B | 2.39B | 2.92B | 3.08B | 3.55B | 4.26B | 5.19B |
| EPS | 0.50 | 0.46 | 0.49 | 0.47 | 0.49 | 0.60 | 0.54 | 0.61 | 0.73 | 0.89 |
| Balance Sheet | ||||||||||
| Total Assets | 278B | 306B | 318B | 374B | 460B | 522B | 530B | 608B | 690B | 815B |
| Total Liabilities | 260B | 280B | 290B | 343B | 429B | 489B | 493B | 568B | 645B | 773B |
| Shareholders' Equity | 17.6B | 25.6B | 27.0B | 29.9B | 30.3B | 32.6B | 35.8B | 39.1B | 43.9B | 40.8B |
| Cash & Short-term Investments | 34.0B | 34.9B | 35.5B | 46.6B | 59.5B | 72.7B | 38.3B | 50.5B | 75.9B | 82.7B |
| Total Debt | 41.8B | 68.6B | 64.9B | 76.8B | 73.0B | 92.2B | 75.1B | 89.6B | 99.7B | 253B |
| Cash Flow | ||||||||||
| Operating Cash Flow | 44.2B | -25.6B | -20.9B | -7.01B | 45.3B | 3.01B | -1.67B | 10.1B | 23.0B | 7.39B |
| Capital Expenditure | 564M | 610M | 277M | 301M | 730M | 627M | 494M | 404M | 372M | 378M |
| Free Cash Flow | 43.6B | -26.3B | -21.1B | -7.31B | 44.6B | 2.38B | -2.17B | 9.73B | 22.6B | 7.01B |
| Ratios | ||||||||||
| ROE | 11.8% | 7.4% | 7.5% | 7.6% | 7.9% | 9.0% | 8.6% | 9.1% | 9.7% | 12.7% |
| ROA | 0.8% | 0.6% | 0.6% | 0.6% | 0.5% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% |
| Net Profit Margin | 19.6% | 15.2% | 13.7% | 13.6% | 12.9% | 13.9% | 14.1% | 15.5% | 17.2% | 19.7% |
| Debt to Equity | 2.37x | 2.68x | 2.40x | 2.57x | 2.41x | 2.83x | 2.10x | 2.29x | 2.27x | 6.21x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Bank of Qingdao Co Ltd dividends
- Dividend yield
- 3.47%
- Forward dividend
- 0.18 CNY
- Payout ratio
- 23.4%
- Ex-dividend date
- Jun 24, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 1.21B | 0.21 | 23.4% |
| 2024 | CNY 1.21B | 0.21 | 28.4% |
| 2023 | CNY 1.19B | 0.20 | 33.5% |
| 2022 | CNY 1.44B | 0.25 | 46.7% |
| 2021 | CNY 1.29B | 0.26 | 44.0% |
| 2020 | CNY 1.40B | 0.29 | 58.4% |
| 2019 | CNY 1.42B | 0.29 | 62.2% |
| 2018 | CNY 1.32B | 0.32 | 65.2% |
| 2017 | CNY 810M | 0.19 | 42.6% |
| 2016 | CNY 810M | 0.19 | 38.8% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Bank of Qingdao Co Ltd
- Insiders 56.98%
- Institutions 9.48%
- Public & others 33.54%
- Shares outstanding 3.53B
- Free float 1.93B
Bank of Qingdao Co Ltd company profile
- Company name
- Bank of Qingdao Co Ltd
- Ticker
- 002948.SHE
- ISIN
- CNE100003K38
- Exchange
- Shenzhen Stock Exchange
- Sector
- Financial Services
- Industry
- Banks
- Employees
- 5,571
- Fiscal year end
- December
- Address
- Building 3, Qingdao, China, 266061
- Phone
- 86 40 0669 6588
- Website
- qdccb.com
About Bank of Qingdao Co Ltd
Bank of Qingdao Co., Ltd. provides personal and corporate banking, and financial market services in the People's Republic of China. It operates through Corporate Banking, Retail Banking, and Financial Market Business segments. The company offers deposit and savings products; personal loans, corporate loans, Youth Easy loans; professional card services, investment and wealth management, and credit card lines; foreign exchange deposit and withdrawal services; foreign exchange settlement and sale, and foreign exchange outward and inward remittance; and agency services. It also provides bill services and asset management solutions for enterprises, including bill acceptance, e-Bill subsidy, commercial bill, bill pool, and supply chain bill; trade financing, supply chain finance, and cash management; non-financial corporate debt financing instruments, credit financing plans, and direct financing instruments; and undertaking, underwriting, and duration management services. In addition, the company offers self-service devices, ATMs, and cash deposit and withdrawal machines; letters of credit services and guarantees; safe deposit box services; bond settlement agency services; and commercial central treasury cash management. Further, it is involved in the issuance of financial bonds; underwriting of government bonds and financial bonds; buying and selling government bonds, financial bonds, and corporate bonds; interbank lending and interbank deposit business; insurance business; sale of precious metals; and general derivatives trading business. The company was formerly known as Qingdao City Commercial Bank Co., Ltd. and changed its name to Bank of Qingdao Co., Ltd. in 2008. Bank of Qingdao Co., Ltd. was founded in 1996 and is headquartered in Qingdao, the People's Republic of China.
Bank of Qingdao Co Ltd management
10- Mr. Zailun JingExecutive Chairman of the Board · born 1970
- Mr. Xianming WuPresident, Chief Compliance Officer & Executive Director · born 1973
- Ms. Shuang ChenVP of Financial Affairs & Executive Director · born 1968
- Mr. Peng LiuVP & Executive Director · born 1981
- Ms. Qiaowen ZhangJoint Company Secretary & Assistant to President · born 1977
- Mr. Meng ZhangVice President · born 1973
- Mr. Chihong ZhangVice President · born 1980
- Mr. Xiaoshu LiuChief Economist & Director · born 1975
- Yan XiaodongChief Retail Finance Officer
- Mr. Jiang WeiChief Approval Officer · born 1969