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← CockpitCompetitor Analysis › 6138.HK Harbin Bank Co., Ltd. Class HOpen in the cockpit ↗

Harbin Bank Co., Ltd. Class H6138.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Financials›Major Banks
Momentum strong 62
Mkt cap
$428M
US dollars, full cap
Free float
100%
of shares outstanding
$/day
$48,834
20-day average traded
P/B
0.06×
price to book
ROE
2.5%
delivered
Implied ROE
3.3%
what the price asks
Close · HKDHK$0.30
1D0.0%
1W+7.0%
1M-1.6%
3M0.0%
6M-18.7%
YTD-12.9%
1Y-24.7%
ATR %3.5%
52w lowhigh27.4% off high

What Harbin Bank does

Employees: 8,806

Harbin Bank at a glance

Size Harbin Bank (6138.HK) is a Hong Kong Financials company (Major Banks) with a market value of $428M, the 798th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$0.30 on 6 Nov 2026.

Performance Over six months the shares fell 18.7%, against +9.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue fell 2.4% over the last twelve months (peer median -4.1%); the operating margin is -3.5% (peer median 28.5%).

Valuation It trades at 0.06× book value against a peer median of 1.08× (cheapest of 20).

Price implies The share price implies a return on equity of about 3.3%; Harbin Bank delivers 2.5%, so the price asks more than the business earns today.

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 1106138.HK 81
Six months, rebased to 100: Harbin Bank against the median of its 20 peers (local-currency closes).

Harbin Bank financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$36.4BHK$36.3BHK$37.8BHK$37.1BHK$35.0B
Revenue growth—-4%+2%+6%—
Net incomeHK$1.43BHK$1.24BHK$997MHK$818MHK$645M
Free cash flow-HK$1.95BHK$1.96B-HK$5.08BHK$3.29B-HK$1.33B
Capital expenditureHK$207MHK$211MHK$424MHK$197MHK$407M
Total debtn/aHK$235BHK$150BHK$105BHK$98.7B

Quarterly statements and history in the cockpit →

Harbin Bank competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%-10%0%+10%1916PBBFNLCNECBSNBNBRBSCSBBANKCBNASTBSKJESUPVPCZ2836CBNKVPBNLASPAROWALBAVALRS83376138.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Harbin Bank is the large dot.

Fundamentals: return on equity against price-to-book

0%10%20%00×10×20×1916PBBFNLCNECBBRBSCSBBANKCBNASTBSKJESUPVPCZ2836CBNKVPBNLASPAROWALBAVALRS83376138.HKReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Harbin Bank is the large dot.

Capital: ROE delivered against the ROE the price implies

0%10%20%0%10%20%1916PBBFNLCNECBBRBSCSBBANKCBNASTBSKJESUPVPCZ2836LASPAROWALBAVALRS6138.HKROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Harbin Bank is the large dot.

Harbin Bank competitors and peer comparison

How Harbin Bank compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Harbin Bank against its 20 peers (data as of 6 Nov 2026)
Measure6138.HKPeer medianRank in peer set
1-month return-1.6%+1.5%8th lowest of 21
6-month return-18.7%+9.7%3rd lowest of 21
Return on equity2.5%8.2%5th lowest of 21
Price / book0.06×1.08×cheapest of 20
Trailing P/E4.2×11.5×2nd cheapest of 17
ROE the price implies3.3%8.4%2nd least demanding of 19
ROE delivered2.5%8.2%5th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Harbin Bank 6138.HKHong Kong$428M-19%-2%2%0.06×3.3%2.5%
Jiangxi Bank 1916.HKHong Kong$430M-18%-9%2%0.07×3.3%1.6%
Deutsche Pfandbriefbank PBB.DEGermany$444M-19%-21%-2%0.14×3.5%-1.8%
First Bancorp FNLCUnited States$411M+25%+2%14%1.43×9.0%14.0%
NorthEast Community Bancorp NECBUnited States$399M+19%-4%12%1.08×7.0%11.5%
Schweizerische Nationalbank SNBN.SWSwitzerland$382M-10%+537%32%n/an/a32.1%
Blue Ridge Bankshares BRBSUnited States$358M+16%-17%0%1.34×9.2%-0.1%
CSB Bank CSBBANK.NSIndia$548M-16%+16%14%1.00×13.9%13.9%
Chain Bridge Bancorp CBNAUnited States$334M+36%+38%19%1.96×9.6%18.5%
Secure Trust Bank STB.LUnited Kingdom$330M+4%-8%6%0.65×8.2%6.4%
Skjern Bank A/S SKJE.CODenmark$567M+27%+2%13%1.83×6.4%13.1%
Grupo Supervielle SA Sponsored ADR SUPVUnited States$567M-29%-5%-7%0.62×9.2%-6.9%
ProCredit PCZ.DEGermany$580M+9%+6%7%0.48×7.0%7.1%
Bank of Kaohsiung 2836.TWTaiwan$652M-1%-5%5%0.78×3.0%5.3%
Capital Bancorp CBNKUnited States$692M+34%+10%13%1.60×10.0%13.2%
VP Bank VPBN.SWSwitzerland$706M+14%-10%4%0.49×n/a4.3%
Laan & Spar Bank A/S LASP.CODenmark$711M+11%-7%12%1.26×5.2%11.7%
Arrow Financial AROWUnited States$713M+4%+14%9%1.38×10.6%9.4%
Alandsbanken Abp ALBAV.HEFinland$724M-5%-4%16%2.30×8.3%16.3%
Alerus Financial ALRSUnited States$837M+26%-15%5%1.45×10.7%5.3%
Chiba Kogyo Bank 8337.TJapan$845M+10%+28%5%1.01×8.4%4.9%

Questions

Which companies are Harbin Bank's closest peers?
The cockpit's peer set: Jiangxi Bank (1916.HK), Deutsche Pfandbriefbank (PBB.DE), First Bancorp (FNLC), NorthEast Community Bancorp (NECB), Schweizerische Nationalbank (SNBN.SW), Blue Ridge Bankshares (BRBS), CSB Bank (CSBBANK.NS), Chain Bridge Bancorp (CBNA).
Is Harbin Bank expensive compared with its peers?
On price / book it trades at 0.06× against a peer median of 1.08×, cheapest of 20 in its peer set. The share price implies a return on equity of about 3.3%; Harbin Bank delivers 2.5%, so the price asks more than the business earns today.
How has Harbin Bank stock performed?
Over six months to 6 Nov 2026 the shares returned -18.7% against +9.7% for the median peer; over one year -24.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.