The per capita efficiency of stock banks is big PK! China Merchants Bank and Xingye are the fiercest, while Guangfa and Huaxia are a bit miserable.
Source: light finance
Author: jack
Which stock companies have high per capita salary and high per capita efficiency, and which stock companies?lowPer capita salary, low per capita efficiency? Light Finance made a detailed comparison according to the data of the stock banks in 2020.
A few days ago, light finance compared the per capita efficiency index of state-owned banks.The per capita efficiency of the six major banks is all competitive!Today, let’s take a look at the stock banks, which is more interesting than the state-owned banks.
From the results of per capita efficiency,Xingye and China Merchants Bank are more advanced.;
The lower per capita efficiency includesGuangfa Bank, hengfeng bank、Huaxia Bank、Minsheng Bank, andZheshang BankIt is also relatively backward. Among the four stock banks (including China Merchants Bank, Shanghai Pudong Development Bank, Xingye and CITIC) with total assets of more than 7 trillion,CITIC Bank has the worst per capita efficiency..
We found a magical phenomenon:Most banks with the highest per capita efficiency are willing to give their employees high salaries; The bank with the lowest per capita efficiency usually has the lowest welfare benefits for its employees.
In other words, only when the interests of banks and employees are consistent can a virtuous circle be realized.
First, compared with state-owned banks, the per capita efficiency of joint-stock banks is too different.
Only by comparing the operating efficiency and per capita efficiency of different banks can we see how big the gap is.(This paper mainly discusses the indicators such as revenue efficiency and profit efficiency. Revenue efficiency refers to the operating income created by each unit salary, that is, per capita operating income/per capita salary, and profit efficiency refers to the net profit created by each unit salary, that is, per capita net profit/per capita salary)..
For example, light finance finds that,Although some banks have a large number of employees, they can still achieve high per capita efficiency, which is the envy of other bank presidents.
There are also a lot of pedestrians, but the per capita efficiency is not so good. Of course, there are two opposite situations: fewer people and higher efficiency, and fewer people and lower efficiency.
There are also banks that offer high salaries to employees and high efficiency created by employees, which can be described as a win-win situation. Everyone wants to go to such banks.
However, there are many banks that pay their employees low salaries and create low efficiency, which is a typical lose-lose; The other two situations, high per capita salary and low per capita efficiency, and high per capita efficiency and low per capita salary, are unsustainable.
Let’s first look at the per capita revenue, per capita net profit and per capita salary of each stock bank in 2020.
1. Per capita revenue
In the stock line,The bank with the highest per capita operating income isPing An Bank reached 4.25 million yuan.; Besides,The per capita operating income of Industrial Bank, small and medium-sized banks, China Merchants Bank, Shanghai Pudong Development Bank, Minsheng Bank, Bohai Bank and China Everbright Bank is also above 3 million yuan.;Zheshang Bank, Huaxia Bank, Guangfa Bank, and hengfeng bank were ranked second with 2.98 million yuan, 2.39 million yuan, 2.15 million yuan and 1.9 million yuan respectively..
2. Per capita net profit
In terms of per capita net profit,Industrial Bank is the highest, reaching 1.12 million yuan.,China Merchants Bank ranked second with 1.07 million yuan.;Shanghai Pudong Development BankThe per capita net profit of is940,000 yuan;The per capita net profits of China CITIC Bank, China Everbright Bank, China Bohai Bank and Ping An Bank are all above 800,000 yuan.;Guangfa Bank has the lowest per capita net profit of 370,000 yuan..
3. Per capita salary
Judging from the per capita salary of stock banks, Ping An Bank, China Merchants Bank and Zheshang Bank ranked in the top three respectively, with 555,000 yuan, 527,000 yuan and 512,000 yuan respectively; The three banks with the lowest per capita salary are Guangfa Bank, Huaxia Bank and Bohai Bank.
363,000 yuan, 377,000 yuan and 386,000 yuan respectively.
4. Per capita efficiency
Surprisingly, from the indicators of per capita efficiency of stock banks, the differentiation is very obvious:
The stock bank with the highest profit efficiency is more than twice that of the lowest bank;Among the 12 joint-stock banks, the profit efficiency of 7 banks is 1.74 times lower than the lowest level of state-owned banks..
From the profit efficiency of state-owned banks, they are all between 1.7 times and 2.6 times, that is, every salary spent in 1 yuan creates a net profit of 1.7 ~2.6 yuan. And the profit efficiency of stock banks, there are 4 in more than 2 times, there are alsoMany are below 1.5 times..
The seven stock banks with low profit efficiency are 1.02 times that of Guangfa Bank, 1.18 times that of hengfeng bank, 1.21 times that of Minsheng Bank, 1.42 times that of Huaxia Bank, 1.44 times that of Ping An Bank, 1.5 times that of Zheshang Bank and 1.65 times that of China CITIC Bank.. What is the reason for it
One of the answers is that the profit rate is too low. Although the overall profitability created by stock banks is not low, the profit efficiency is too low, among which Guangfa Bank is a representative one, which we will analyze later.
Second, banks with high efficiency: China Merchants Bank and Xingye
1. China Merchants Bank: Many employees, high salary and high per capita efficiency.
Among the national banks, China Merchants Bank is a typical bank with a large number of employees and high per capita efficiency. By the end of 2020, China Merchants Bank had more than 90,000 employees, while other stock banks had only 60,000 employees at most.
From the perspective of per capita revenue, China Merchants Bank is about 3.2 million yuan, and its per capita net profit has reached 1.07 million yuan. Together with per capita salary and other indicators, China Merchants Bank ranks among the top stock banks.
Under the high base of the above three indicators, China Merchants Bank’s profit efficiency still exceeds 2 times (that is, every 1 yuan salary is spent, creating 2 yuan’s net profit).
2. Industrial Bank: the highest per capita net profit and efficiency.
In contrast, the indicators of Industrial Bank are also relatively high, but the number is small, less than 60,000. Industrial Bank has achieved the highest per capita net profit (1.12 million yuan) and the highest profit efficiency (2.29 times).
Other companies with more than 2 times profit efficiency include Shanghai Pudong Development Bank (2.1 times) and Bohai Bank (2.1 times).
Third, banks with low efficiency: Guangfa, Hengfeng, Huaxia, Minsheng and Zheshang.
1. Guangfa Bank: the lowest salary and efficiency.
Among the stock banks, Guangfa Bank has the lowest per capita salary, the lowest per capita net profit and the lowest profit efficiency. Other banks can create more net profit in 2 yuan for every salary they spend in 1 yuan, while Guangfa Bank can only create net profit in 1 yuan.
Compared with the joint-stock banks with the same total assets, revenue and net profit, the number of employees of Guangfa Bank with more than 30,000 is a bit too much. In terms of the number of employees, Guangfa Bank has more employees than Ping An Bank, but its operating income and net profit are much worse, especially in terms of net profit, Guangfa Bank is less than half of Ping An Bank.
So many employees of Guangfa Bank have not created enough value.
2. hengfeng bank
The profit efficiency is 1.18 times, which is only higher than that of Guangfa, but the situation in hengfeng bank is quite special. The bankI have experienced turmoil and am recovering.
3. Huaxia Bank
Huaxia Bank is also a typical bank with low employee salary and low per capita efficiency:
Its per capita salary is the second lowest in the stock market, and its profit efficiency is only 1.4 times.
4、Minsheng Bank
Minsheng Bank’s per capita salary is not low, which is 480,000 yuan, but its profit efficiency is only 1.2 times.
5、China Citic Bank：
Among the four joint-stock banks of the same size with more than 7 trillion yuan, CITIC Bank has the lowest profit efficiency of 1.65 times, which is lower than that of the six state-owned banks. In contrast, the profit efficiency of China Merchants Bank, Xingye and Pudong Development Bank is more than 2 times.
In the joint-stock banks, we also found a similar law with state-owned banks. The per capita efficiency is relatively high, and the per capita salary given to employees is generally at a high level, with China Merchants Bank and Xingye as the most typical ones.
Banks with low per capita efficiency, such as Guangfa and Huaxia, also have the lowest per capita salary. Should the executives of these banks reflect?
Finally, attach the number of employees in each bank.
Note: The data in this article are all from public information. Because the business focus and the number of employees of each bank are quite different, the relevant indicators in this article are for reference only.It does not represent any investment advice and does not serve as any evaluation basis.