Bank of Guiyang Co.,Ltd.
601997.SS · SHH
Company research
Bank of Guiyang Co., Ltd. (601997.SS) is a regional commercial bank headquartered in Guiyang, China, founded in 1997 as Guiyang Commercial Bank before adopting its current name in 2012 and listing on the Shanghai Stock Exchange in August 2016. The bank provides a comprehensive range of financial products and services across corporate banking, retail banking, and treasury operations, including deposits, loans, credit cards, payment services, and digital banking platforms, while also engaging in investment banking, bond underwriting, asset securitization, and insurance agency businesses. With total assets surpassing 700 billion RMB and a network of over 310 branches primarily concentrated in Guizhou Province, Bank of Guiyang holds a dominant position in its home market, commanding nearly 25% of Guiyang metropolitan deposits and loans. Under the leadership of President Jun Sheng, the bank serves approximately 6,534 employees and continues to pursue a strategy of regional expansion and digitalization, leveraging Guiyang's growing big-data ecosystem to diversify its revenue streams beyond its core net interest income base.
Research reports
Initiation report highlighting a sharp turnaround, with 2025 revenue still down but 2026Q1 operating income, core income, PPOP and net profit all returning to positive growth as net interest margin rebounds and non-interest income improves. The analysts forecast steady revenue and profit growth through 2028, emphasize the stock’s low sector-relative valuation, and assign a “推荐” (Buy) rating while flagging macro slowdown, weaker policy support, and asset-quality volatility as key risks.
中国国际金融股份有限公司 · April 23, 2026贵阳银行(601997)：1Q26净息差表现强劲CICC notes that 2025 full-year revenue fell while net profit grew modestly, but 1Q26 saw stronger-than-expected rebounds in revenue and net profit driven mainly by a 12bp year-on-year and 9bp quarter-on-quarter improvement in net interest margin and solid loan and deposit growth. They maintain their earnings forecasts, keep a “中性” (Neutral) rating with a 6.00元 target price, and caution that NIM gains may be hard to sustain and that asset-quality pressure remains a key downside risk.
中国国际金融股份有限公司 · August 26, 2025贵阳银行(601997)：对公地产不良生成上行This mid-2025 review highlights that first-half revenue, pre-provision profit, and net profit all declined year-on-year as net interest margin compressed to about the mid‑1.5% range, with loan yields and trust/AMC income falling under LPR cuts and debt-swap pressure. CICC stresses rising non-performing formation in corporate real estate and some deterioration in retail NPLs despite solid provision coverage, and thus maintains a “中性” (Neutral) rating and 6.98元 target price while warning that further NPL formation and sharper asset-yield declines are key risks.