证券代码：601998 证券简称：中信银行 公告编号：临 2024-033 中信银行股份有限公司 关于召开 2023 年年度股东大会、2024 年第二次 A 股 类别股东会及 2024 年第二次 H 股类别股东会的 再次通知 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中信银行股份有限公司（简称"本行"）董事会已于 2024 年 5 月 1 日披露了 《中信银行股份有限公司关于召开 2023 年年度股东大会、2024 年第二次 A 股类 别股东会及 2024 年第二次 H 股类别股东会的通知》。根据相关规定，本行董事 会现将召开 2023 年年度股东大会、2024 年第二次 A 股类别股东会及 2024 年第 二次 H 股类别股东会相关事项再次通知如下： 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2023 年年度股东大会、2024 年第二次 A 股类别股东会及 2024 年第二次 H 股类别股东会（合称"本次股东大会"） (二) 股东大会召集人 中信银行股份有限公司（简称"本行"）董事会 1 股东 ...

刘红华先生兹确认，其本人与本行董事会、高级管理层无不同意见，亦无任 何事项须提请本行股东注意。刘红华先生确认其无任何针对本行的正在发生或将 要发生的诉讼和争议。 本行董事会谨此对刘红华先生担任本行业务总监期间为本行做出的贡献表 示衷心感谢。 特此公告。 中信银行股份有限公司董事会 证券代码：601998 证券简称：中信银行 公告编号：临2024-032 中信银行股份有限公司 业务总监辞任公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中信银行股份有限公司（简称"本行"）业务总监刘红华先生因退休原因， 于2024年5月31日向本行董事会提交辞呈，辞去其所担任的本行业务总监职务。 刘红华先生的辞任自辞呈送达本行董事会之日起生效。 2024年5月31日 ...

中信银行股份有限公司 关于实际控制人受让股权及出具避免同业竞争承诺的公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中信银行股份有限公司（以下简称"本行"或"中信银行"）于近日收到本行实 际控制人中国中信集团有限公司（以下简称"中信集团"）通知，中信集团拟通过协 议转让方式收购中国中信金融资产管理股份有限公司（以下简称"中信金融资产"） 持有的华融金融租赁股份有限公司（以下简称"华融金租"）60%股权（以下简称 "本次收购"）。华融金租主要从事金融租赁业务，本次收购完成后，与本行全资子 公司中信金融租赁有限公司（以下简称"中信金租"）在金融租赁业务上存在一定的 业务重合情况。为保障本行及本行中小股东的合法权益，中信集团针对本次收购完成 后可能存在的同业竞争问题出具了承诺函。现将相关情况公告如下： 证券代码：601998 证券简称：中信银行 公告编号：临 2024-031 二、实际控制人出具避免同业竞争的承诺情况 本次收购完成后，华融金租与本行全资子公司中信金租在金融租赁业务上存在一 定的业务重合情况。为保障本行及本行中小股 ...

Investment Rating - The investment rating for the company is "Accumulate" [3] Core Views - The company has achieved a dual increase in revenue and profit, while maintaining stable asset quality [1] - The report highlights a projected decline in operating income for 2024, estimated at 201,117 million yuan, down 2.3% from 2023 [1] - The net profit attributable to shareholders is expected to grow to 69,974 million yuan in 2024, reflecting a 4.4% increase [1] - The report indicates a stable return on assets (ROA) of 0.77% for 2024, with a slight decrease projected in subsequent years [5] - The non-performing loan ratio is expected to remain stable at 1.18% through 2026 [5] Financial Forecasts and Valuation - The earnings per share (EPS) is projected to increase from 1.37 yuan in 2023 to 1.43 yuan in 2024 [5] - Total assets are forecasted to grow from 9,052 billion yuan in 2023 to 9,641 billion yuan in 2024, representing a year-on-year growth of 6.5% [5] - The company’s dividend per share (DPS) is expected to rise to 0.37 yuan in 2024 [5] - The price-to-earnings (PE) ratio is projected to decrease from 5.5 in 2023 to 5.2 in 2024 [1][5] - The report anticipates a stable net interest margin, with a slight decline expected in the coming years [5]

Investment Rating - The report maintains an "Accumulate" rating for the company [1][4] Core Insights - The company achieved a revenue growth of 4.7% year-on-year in Q1 2024, with a net profit growth of 1.4% year-on-year. The breakdown shows a decline in net interest income by 4.5% due to a decrease in interest margins, while other non-interest income surged by 68.5% driven by significant bond investment gains [1][3][4] - Total assets increased by 3.2% year-on-year, with loans growing by 4.5%. The new credit issued in Q1 2024 amounted to 84 billion, with steady growth in corporate and retail loans [1][3] - The company continues to focus on enhancing its core capabilities in wealth management, asset management, and comprehensive financing, with retail managed assets reaching 4.39 trillion, an increase of 3.57% from the end of the previous year [1][3] Summary by Sections Financial Performance - In Q1 2024, the company reported total revenue of 53.8 billion, a year-on-year increase of 4.7%, and a net profit of 19.2 billion, a year-on-year increase of 0.2%. The cost-to-income ratio improved to 27.0%, down by 0.6 percentage points year-on-year [3][4] - The net interest margin for Q1 2024 was 1.70%, down by 17 basis points year-on-year, with expectations of marginal improvement in funding costs [2][3] Asset Quality - The non-performing loan ratio remained stable at 1.18%, with a coverage ratio of 208% [2][3] Capital Adequacy - As of Q1 2024, the core Tier 1, Tier 1, and total capital adequacy ratios were 9.69%, 11.44%, and 13.61%, respectively [2][4] Earnings Forecast - The expected EPS for 2024 and 2025 is projected to be 1.35 and 1.37, respectively, with an estimated book value per share of 13.28 by the end of 2024, resulting in a price-to-book ratio of 0.52 [4][5]

Investment Rating - The report maintains an "Accumulate" rating for the company with a current price of 6.88 CNY [1] Core Insights - The company's revenue growth has significantly improved due to a low base effect, while the increase in impairment provisions has negatively impacted profit growth. In Q1 2024, the company achieved operating revenue of 53.77 billion CNY, a year-on-year increase of 4.7%, and a net profit attributable to shareholders of 19.19 billion CNY, a year-on-year increase of 0.2% [4][5] - The annualized weighted average return on equity (ROE) for Q1 2024 was 12.57%, a decrease of 1.29 percentage points year-on-year [4] Revenue and Profit Analysis - The year-on-year growth rates for operating revenue, pre-provision profit, and net profit attributable to shareholders in Q1 2024 were 4.7%, 5.6%, and 0.2%, respectively. The growth rates for operating revenue and pre-provision profit improved by 7.3 and 10.9 percentage points compared to 2023, while the net profit growth rate decreased by 7.7 percentage points [5] - Net interest income and non-interest income saw year-on-year growth rates of -4.5% and 27.6%, respectively, with improvements of 0.2 and 25 percentage points compared to 2023 [5] Loan and Deposit Structure - In Q1 2024, the company experienced a slight decrease in loan growth, primarily due to a decline in bill financing. Corporate loans remained dominant, while mortgage loan issuance showed signs of recovery [5][6] - The company added 256 billion CNY in retail loans in Q1 2024, a year-on-year decrease of 105 billion CNY, with mortgage loans increasing by 156 billion CNY [5] Asset Quality and Capital Adequacy - As of the end of Q1 2024, the non-performing loan (NPL) balance was 65.64 billion CNY, with an NPL ratio of 1.18%, unchanged from the beginning of the year. The coverage ratio for provisions was 207.8%, indicating a strong risk mitigation capacity [7][11] - The company's capital adequacy ratios improved, with the core tier 1 capital ratio at 9.69%, up 69 basis points from the beginning of the year [8][12] Earnings Forecast and Valuation - The company plans to distribute a cash dividend of 3.56 CNY per 10 shares for 2023, maintaining a dividend payout ratio of 28%. The current stock price corresponds to a dividend yield of 5.2% [8] - The forecasted net profits for 2024-2026 are 68.77 billion CNY, 71.59 billion CNY, and 74.10 billion CNY, respectively, with the current stock price corresponding to price-to-book (PB) ratios of 0.54, 0.50, and 0.46 for the same years [9][8]

证券代码：601998 证券简称：中信银行 公告编号：临 2024-028 中信银行股份有限公司 关于召开 2023 年年度股东大会、2024 年第二次 A 股 类别股东会及 2024 年第二次 H 股类别股东会的通知 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2023 年年度股东大会、2024 年第二次 A 股类别股东会及 2024 年第二次 H 股类别股东会（合称"本次股东大会"） (二) 股东大会召集人 中信银行股份有限公司（简称"本行"）董事会 (三) 投票方式 本次股东大会所采用的表决方式是现场投票和网络投票相结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2024 年 6 月 20 日 9 点 30 分 1 股东大会召开日期：2024年6月20日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 召开地点：北京市朝阳区光华路 10 号院 1 号楼中信大厦 8 层 818 会议室 (五) 网络投票的系统、 ...

中信银行股份有限公司 2023年年度股东大会 2024年第二次A股类别股东会 2024年第二次H股类别股东会 会议资料 二〇二四年六月二十日 会 议 议 程 会议召开时间：2024年6月20日（周四）9:30 会议召开地点：中国北京市朝阳区光华路10号院1号楼中信 大厦8层818会议室 召 集 人：中信银行股份有限公司董事会 会 议 日 程： 2 一、 宣布会议开始 二、 统计出席会议股东的人数及所持有表决权的股份 总数 三、 董事会秘书宣示会议须知 四、 推选计票人、监票人 五、 审议议案、投票表决 六、 休会（统计表决结果） 七、 宣布表决结果 八、 律师宣读法律意见书 九、 宣布会议结束 | 议案一：关于《中信银行股份有限公司 年年度报告》的议案 2023 5 | | --- | | 议案二：关于中信银行股份有限公司 2023 年度决算报告的议案 6 | | 议案三：关于《中信银行股份有限公司 年度利润分配方案》的议 2023 | | 案 7 | | 议案四：关于中信银行股份有限公司 2024 年度财务预算方案的议案 | | 10 | | 议案五：关于《中信银行股份有限公司 2024 年—2026 年股 ...

Financial Performance - Net profit attributable to shareholders for Q1 2024 was RMB 19.19 billion, a slight increase of 0.25% year-on-year[7]. - Operating income for Q1 2024 was RMB 53.77 billion, representing a year-on-year growth of 4.69%[7]. - The net profit for the group in Q1 2024 was RMB 19,391 million, slightly down from RMB 19,445 million in Q1 2023, a decrease of 0.3%[49]. - The total operating income for the group in Q1 2024 was RMB 53,770 million, an increase from RMB 51,363 million in Q1 2023, representing a growth of 3%[48]. - The group’s investment income surged to RMB 8,149 million in Q1 2024, compared to RMB 3,189 million in Q1 2023, marking a significant increase of 155%[48]. - The net interest income decreased to RMB 34,960 million in Q1 2024 from RMB 36,626 million in Q1 2023, a decline of 5%[48]. Asset and Liability Management - As of March 31, 2024, total assets reached RMB 9,070.31 billion, a 0.20% increase from the end of 2023[5]. - The total liabilities decreased by 0.39% to RMB 8,285.63 billion compared to the end of 2023[5]. - CITIC Bank's total liabilities amounted to RMB 8,285,630 million as of March 31, 2024, compared to RMB 8,317,809 million at the end of 2023[45]. - The total assets of the group as of March 31, 2024, reached RMB 9,070,311 million, compared to RMB 9,052,484 million at the end of 2023, reflecting a growth of 0.2%[46]. - The total liabilities and equity of the bank reached RMB 9,070,311 million as of March 31, 2024, up from RMB 8,565,245 million at the end of 2023, an increase of 5.9%[46]. Loan and Deposit Growth - The total amount of loans and advances was RMB 5,582.31 billion, reflecting a 1.53% increase compared to the end of 2023[5]. - Customer deposits totaled RMB 5,417.09 billion, a 0.35% increase from the end of 2023[5]. - The bank's total number of personal clients reached 139 million, an increase of 2.0591 million from the end of the previous year[22]. - The bank's total number of corporate clients reached 1.1868 million, an increase of 29,200 from the end of the previous year[22]. - The balance of inclusive small and micro enterprise loans was CNY 572.690 billion, an increase of CNY 27.614 billion, with a growth rate higher than that of all loans[17]. Risk Management and Asset Quality - As of March 31, 2024, the bank's non-performing loan balance is CNY 656.37 billion, an increase of CNY 8.37 billion from the end of the previous year, with a non-performing loan ratio of 1.18%[26]. - The bank's provision coverage ratio is 207.79%, up by 0.2 percentage points from the end of the previous year, while the loan provision ratio is 2.44%, down by 0.01 percentage points[26]. - The bank has implemented a comprehensive risk management system, focusing on optimizing credit structures and enhancing risk management capabilities[24]. - The bank's digital risk control tools are being applied across various credit processes, including pre-loan approval and post-loan management[24]. Shareholder Structure - The total number of ordinary shareholders is 128,730, with 102,330 being A-share holders and 26,400 being H-share holders[33]. - China CITIC Financial Holdings Limited holds 67.05% of the shares, making it the largest shareholder[33]. - The top ten shareholders collectively hold 68.70% of the total shares, indicating a high concentration of ownership[35]. - The total number of preferred shareholders is 39, with China Mobile Communications Group Co., Ltd. being the largest preferred shareholder, holding 43,860,000 shares (12.53%) of the total[38]. - The report indicates that there are no preferred shareholders with voting rights restored[38]. Cash Flow and Liquidity - The net cash flow from operating activities showed a significant outflow of RMB 333.14 billion, compared to an outflow of RMB 12.73 billion in the same period last year[10]. - The liquidity coverage ratio as of March 31, 2024, is 128.99%, down from 167.48% on December 31, 2023, but still above the regulatory requirement of 100%[32]. - The net cash flow from operating activities for the group in Q1 2024 was negative RMB 333,139 million, compared to a negative RMB 12,733 million in Q1 2023[51]. - The total cash inflow from operating activities was RMB 210,205 million in Q1 2024, down from RMB 497,241 million in Q1 2023[51]. - The cash and cash equivalents at the end of Q1 2024 were RMB 181,659 million, down from RMB 309,320 million at the end of Q1 2023[52].

Financial Performance - Net profit attributable to shareholders was RMB 19.19 billion, a slight increase of 0.25% year-on-year [4]. - Operating income for the first quarter was RMB 53.57 billion, representing a year-on-year growth of 4.52% [4]. - For the three months ended March 31, 2024, net interest income was RMB 34,960 million, a decrease of 4.55% from RMB 36,626 million in the same period of 2023 [38]. - Total operating income for the same period was RMB 53,569 million, an increase of 4.51% compared to RMB 51,252 million in 2023 [38]. - The bank's pre-tax profit for Q1 2024 was RMB 21,914 million, down 2.65% from RMB 22,511 million in Q1 2023 [38]. - The bank reported a significant increase in other comprehensive income after tax, totaling RMB 4,297 million for Q1 2024, compared to RMB 597 million in Q1 2023 [39]. - The bank's credit impairment losses for Q1 2024 were RMB 16,819 million, an increase from RMB 14,109 million in the same period of 2023 [38]. Asset and Loan Growth - As of March 31, 2024, total assets reached RMB 9,070.31 billion, a 0.20% increase from the end of 2023 [3]. - Total loans and advances amounted to RMB 5,582.31 billion, reflecting a 1.53% increase compared to the end of 2023 [3]. - Customer deposits totaled RMB 5,417.09 billion, an increase of 0.35% from the end of 2023 [3]. - The balance of corporate loans (excluding discount loans) increased by 7.70% to RMB 2,904.96 billion [8]. - The balance of personal housing mortgage loans was CNY 977.495 billion, growing by 0.65% year-on-year [9]. - The balance of inclusive small and micro enterprise loans was CNY 572.690 billion, with an increase of CNY 27.614 billion, outpacing the growth rate of other loan categories [12]. - The balance of medium and long-term loans in the manufacturing sector reached CNY 278.459 billion, an increase of 7.69% compared to the end of the previous year [9]. Capital and Liquidity Ratios - The core Tier 1 capital adequacy ratio stood at 9.69% as of March 31, 2024, an increase from 8.99% on December 31, 2023 [24]. - The leverage ratio was reported at 7.24% as of March 31, 2024, up from 6.66% at the end of December 2023 [25]. - The liquidity coverage ratio was 128.99% as of March 31, 2024, down from 167.48% on December 31, 2023 [26]. - The total capital adequacy ratio was 13.61% as of March 31, 2024, an increase from 12.93% at the end of December 2023 [24]. Shareholder Information - The total number of ordinary shareholders was 128,730, with the largest shareholder, China CITIC Financial Holdings, holding 67.05% of the shares [27]. - CITIC Financial Holdings held a total of 36,610,129,412 shares, accounting for 68.70% of the total shares of the company as of the reporting period [4]. - The total number of preferred shareholders was 39, with the largest shareholder being China Mobile Communications Group Co., Ltd., holding 43,860,000 shares, representing 12.53% [32]. - The conversion of CITIC Financial Holdings' convertible bonds resulted in an increase of 4,325,901,639 shares, raising their total holdings to 36,610,129,412 shares [34]. Customer and Market Engagement - The number of "specialized, refined, distinctive, and innovative" enterprises served increased to 28,636, up by 1,492 from the end of the previous year [10]. - The company served 22,000 small foreign trade customers, reflecting a commitment to expanding its customer base [16]. - The company added over 2,800 private banking clients, achieving the best historical performance for the same period [16]. - The AI outbound calling service saw a year-on-year increase of 65% in the number of customers contacted [14]. Cash Flow and Investment Activities - Cash flow from operating activities showed a net outflow of RMB 333.14 billion, a significant increase in outflow compared to the previous year [6]. - Net cash flow from operating activities for Q1 2024 was RMB (333,139) million, compared to RMB (12,733) million in Q1 2023, indicating a significant decline [42]. - Net cash flow from investing activities for Q1 2024 was RMB 18,942 million, down from RMB 89,793 million in Q1 2023 [43]. - Net cash flow from financing activities for Q1 2024 was RMB 244,521 million, a substantial increase from RMB (74,615) million in Q1 2023 [43]. Non-Performing Loans - The company’s non-performing loan balance was 65.637 billion RMB, with a non-performing loan ratio of 1.18% and a provision coverage ratio of 207.79% [20][21]. - The company’s personal housing mortgage loans reached 977.495 billion RMB, with a year-on-year increase of 6.324 billion RMB, and a non-performing loan ratio of 0.56% [19].