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Harbin Bank Co., Ltd. Class H
(6138)
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Rating:47Neutral
Price Target:
HK$0.30
▼(-16.67% Downside)
Action:Reiterated
Date:08/06/26
The score is weighed down primarily by weaker financial quality—higher leverage in 2025, low returns on equity, and volatile cash flow—along with a bearish technical setup (below major moving averages and negative MACD). A low P/E provides some support, but it does not fully offset balance-sheet and trend risks.
Positive Factors
Positive free cash flow
A positive free cash flow in 2025 and FCF roughly tracking net income indicate the bank can convert reported profits into cash. Durable cash generation supports internal funding for lending, provisioning and operations over months ahead, reducing short-term dependence on external financing.
Negative Factors
Sharp rise in leverage
A large jump in leverage materially raises funding and solvency risk. Higher debt-to-equity pressures regulatory capital ratios, increases interest expense sensitivity and reduces strategic flexibility, making the bank more vulnerable to adverse credit or liquidity shocks over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive free cash flow
A positive free cash flow in 2025 and FCF roughly tracking net income indicate the bank can convert reported profits into cash. Durable cash generation supports internal funding for lending, provisioning and operations over months ahead, reducing short-term dependence on external financing.
Read all positive factors
Harbin Bank Co., Ltd. Class H (6138) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.52B
Dividend Yield9.11%
Average Volume (3M)1.31M
Price to Earnings (P/E)4.3
Beta (1Y)1.47
Revenue Growth-2.43%
EPS Growth46.14%
CountryHK
Employees8,811
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.06
Shares Outstanding3,023,569,800
10 Day Avg. Volume1,148,600
30 Day Avg. Volume1,310,666
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.07
Price to Sales (P/S)0.13
P/FCF Ratio1.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Harbin Bank Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Founded in 1997 and based in Harbin, People's Republic of China, Harbin Bank Co., Ltd. delivers a broad spectrum of commercial banking services and offerings, predominantly within Mainland China. Its operations are structured into four key divisio...
How the Company Makes Money
Harbin Bank primarily makes money through a mix of interest-based income and fee-based (non-interest) income typical of commercial banking.
1) Net interest income (core earnings driver): The bank collects interest on loans and other interest-earn...
Harbin Bank Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
41
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.14B | 26.76B | 13.31B | 6.28B | 6.29B | 5.62B |
| Gross Profit | 8.23B | 3.58B | 13.31B | 6.28B | 6.29B | 5.62B |
| EBITDA | 1.54B | 1.16B | 1.37B | 1.23B | 1.79B | 1.30B |
| Net Income | 1.24B | 1.12B | 919.67M | 739.99M | 554.77M | 274.13M |
Balance Sheet | ||||||
| Total Assets | 1.03T | 1.02T | 916.23B | 813.33B | 712.73B | 645.05B |
| Cash, Cash Equivalents and Short-Term Investments | 95.32B | 99.18B | 75.87B | 37.09B | 105.24B | 72.02B |
| Total Debt | 212.24B | 210.92B | 1.14B | 46.41B | 721.46M | 31.90B |
| Total Liabilities | 972.45B | 967.10B | 850.64B | 749.44B | 649.41B | 582.27B |
| Stockholders Equity | 51.08B | 50.61B | 63.16B | 61.60B | 61.17B | 60.79B |
Cash Flow | ||||||
| Free Cash Flow | -1.86B | 1.76B | -30.89B | 45.90B | 57.50B | 36.16B |
| Operating Cash Flow | -1.67B | 1.95B | -30.50B | 46.08B | 57.85B | 36.70B |
| Investing Cash Flow | -70.90B | -70.50B | -16.54B | -39.94B | -40.76B | -20.67B |
| Financing Cash Flow | 91.89B | 14.18B | 66.05B | -6.43B | 8.40B | -4.43B |
Harbin Bank Co., Ltd. Class H Technical Analysis
Neutral
0.36
Price Trends
0.31
Positive
0.33
Negative
0.34
Negative
Market Momentum
<0.01
Negative
58.32
Neutral
85.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6138, the sentiment is Neutral. The current price of 0.36 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.31, and above the 200-day MA of 0.34, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.32 is Neutral, neither overbought nor oversold. The STOCH value of 85.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6138.
Harbin Bank Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$37.32B | 6.68 | 13.77% | 3.94% | 7.03% | 27.69% | |
71 Outperform | HK$40.05B | 6.77 | 10.10% | 5.87% | 12.49% | 14.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | HK$15.99B | 8.37 | 4.01% | 2.39% | ― | ― | |
61 Neutral | HK$13.42B | 2.98 | 7.55% | 7.51% | -1.55% | 10.31% | |
58 Neutral | HK$7.83B | 13.01 | 2.46% | 2.34% | -2.30% | 138.58% | |
47 Neutral | HK$3.52B | 4.33 | 2.45% | 9.11% | -2.43% | 46.14% |
* Financial Sector Average
HK:6138
Harbin Bank Co., Ltd. Class H
0.32
-0.11
-26.74%
HK:3866
Bank of Qingdao Co., Ltd. Class H
5.25
1.01
23.85%
HK:6190
Bank of Jiujiang Co., Ltd. Class H
2.75
-0.54
-16.29%
HK:1963
Bank of Chongqing Co., Ltd. Class H
8.64
1.41
19.58%
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Bank of Zhengzhou Co., Ltd. Class H
0.93
-0.41
-30.45%
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Bank of Guizhou Co. Ltd. Class H
0.92
-0.14
-13.13%
Harbin Bank Co., Ltd. Class H Corporate Events
Harbin Bank Outlines Board Composition and Committee Structure
Jul 16, 2026
Harbin Bank Co., Ltd. has announced the current composition of its board of directors, detailing the mix of executive, non-executive and independent non-executive directors and confirming Deng Xinquan as chairman. The disclosure underscores the ba...
Harbin Bank Reshapes Board as Regulator Clears New Non-Executive Director
Jul 16, 2026
Harbin Bank Co., Ltd. announced that China’s National Financial Regulatory Administration Heilongjiang Office has approved the qualification of Du Xiaoquan to serve as a non-executive director. Following this regulatory clearance, Du has joi...
Harbin Bank Wins Strong Shareholder Backing at 2025 AGM
Jun 30, 2026
Harbin Bank Co., Ltd. reported that its 2025 annual general meeting, held in Hong Kong on 30 June 2026, achieved strong shareholder participation, with around 73% of issued shares represented. All directors attended, and the meeting was chaired by...
Harbin Bank Sets 2025 AGM to Approve Results, Profit Plan and Governance Changes
Jun 9, 2026
Harbin Bank Co., Ltd. has convened its 2025 annual general meeting for 30 June 2026 in Harbin, where shareholders will review the board’s 2025 work report, the annual report, and the profit distribution plan. They will also vote on reappoint...
Harbin Bank Shareholders Approve Acquisition and Conversion of Chengdu Village Bank
May 29, 2026
Harbin Bank Co., Ltd., a mainland Chinese joint stock commercial bank listed in Hong Kong but not licensed for banking business in Hong Kong, serves shareholders through a large base of domestic and H shares. Its governance structure includes exec...
Harbin Bank Calls 2026 EGM to Approve Village Bank Acquisition
May 8, 2026
Harbin Bank Co., Ltd., a joint stock commercial bank based in Harbin and operating under PRC regulation, focuses on providing banking services within mainland China rather than in Hong Kong. The institution clarifies that it falls outside the scop...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.