Bank of Changsha Co Ltd

Bank of Changsha announced on the evening of August 27 that its board of directors had approved the appointment of Wang Shujun as president and chief compliance officer, and nominated him as a candidate for director, with his qualifications still subject to regulatory approval. Born in September 1981, Wang Shujun previously served as deputy general manager of the small and micro enterprise department at Bank of Changsha's head office, deputy president of Hualong sub-branch, and assistant general manager and deputy general manager of Hunan Caixin Asset Management Co., Ltd. He also held a temporary post as deputy district head of Tianxin District, Changsha. Before this appointment, he was general manager of Changsha Investment Holding Group, the seventh-largest shareholder of Bank of Changsha with a 3.69% stake. The president position had been vacant for nearly six months after former president Zhang Man resigned in February this year and was later elected chairman in December 2025. On the same day, Bank of Changsha released its 2026 interim report, showing first-half operating revenue of 13.78 billion yuan, up 4.01% year on year, net profit of 4.548 billion yuan, up 5.06% year on year, total assets of about 1.34 trillion yuan, a net interest margin of 1.84%, and a non-performing loan ratio of 1.15%.

Bank of Changsha released its 2026 interim report, with total operating revenue of 13.78 billion yuan, up 4.01% year-on-year, and net profit attributable to the parent company of 4.548 billion yuan, up 5.06% year-on-year. Net cash outflow from operating activities was 28.195 billion yuan, an increase of 18.203 billion yuan compared with the same period last year. The company's asset-liability ratio was 93.57%, return on equity was 5.99%, and diluted earnings per share was 1.13 yuan, up 4.63% year-on-year. The number of shareholders was 29,200, and the top ten shareholders held 55.50% of the total share capital.

China's central bank has added 8 banks to the digital yuan network, bringing the total number of e-CNY service providers to 30. The newly added banks include Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha, and Guangxi Beibu Gulf Bank, according to a Xinhua News Agency report. These banks will connect to the People's Bank of China's digital yuan system and begin providing services after completing operational and technical preparations. This network expansion follows the addition of 12 financial institutions in April, when previously only 10 banks had been approved as operators, with Industrial Bank being the latest to join in 2022.

Your-A Shares recently received a cash dividend of 52.59 million yuan from its investee Bank of Changsha. The company holds 229 million shares of Bank of Changsha, and this dividend is based on the profit distribution plan approved at the bank's 2025 annual shareholders' meeting. Your-A Shares achieved revenue of 208 million yuan in the first quarter of 2026, with net profit attributable to the parent company of 42.39 million yuan.

Bank of Changsha will carry out equity registration on July 17, 2026, distributing a cash dividend of 0.23 yuan per share, including tax. The ex-dividend and ex-rights date is July 20. The bank is a constituent of the Dividend Low Volatility Index, which selects 50 securities with consecutive dividends, high dividend yields, and low volatility. As of July 16, the index's dividend yield over the past year stood at 5.03 percent. The ChinaAMC Dividend Low Volatility ETF, which tracks this index, has the lowest comprehensive fee rate, evaluates dividends quarterly, and offers both Class A and Class C feeder funds.

Bank of Changsha has received approval to issue ordinary financial bonds in the national interbank market and overseas markets, with a quota of up to 9 billion yuan. The bank recently obtained an administrative licensing decision from the People's Bank of China, with the license valid until June 30, 2027. By the end of the validity period, the new balance of ordinary financial bonds shall not exceed 9 billion yuan, and the total balance of ordinary financial bonds shall not exceed 55 billion yuan. The bank may independently choose the timing of issuance in tranches within the validity period.