泸州银行提出的"授权董事会制定重组方案"的特别决议案，更是将风险处置纳入规范化、市场化轨道的 关键举措。通过引入国企收购方参与资产重组，不仅能借助国企的资金实力和产业资源提升资产回收价 值，更能有效降低单一企业债务风险对银行资产质量的冲击。目前虽收购协议尚未最终确定，但这一处 置路径已清晰展现出该行"早识别、早预警、早处置"的风险管控理念，相较于被动等待或简单核销，市 场化重组更能实现银行、企业与地方经济的多方共赢。 客观而言，泸州银行当前仍面临一些阶段性挑战。非利息净收入同比大幅下降51.24%，反映出中间业 务发展有待提速，收入结构多元化仍需发力；不良贷款中损失类占比的小幅上升，提示该行在部分行业 信贷风险识别上仍有优化空间；股价近10%的区间波动，也显示出资本市场对区域银行短期经营压力的 担忧。这些问题既是泸州银行需要着力解决的痛点，也是城商行在转型发展过程中普遍面临的共性课 题。 营收数据的短期波动，未能掩盖泸州银行在核心业务上的坚实基础。2025年上半年与前三季度，该行分 别实现营收24.23亿元、35.73亿元，尽管同比有所下滑，但利息净收入作为核心支柱，上半年贡献18.97 亿元，占比高达78. ...

Core Viewpoint - Recent media reports have raised concerns about Luzhou Bank (01983.HK) regarding shareholder reductions, capital adequacy ratios, and non-performing loans. However, a comprehensive examination of the bank's operational fundamentals, regional economic support, and strategic responses reveals that these concerns may be one-sided and do not fully reflect the bank's overall resilience and long-term value [1]. Group 1: Shareholder Reduction and Market Behavior - Shareholder reduction is a normal market behavior and should not be over-interpreted. After the reduction, FANYUE's shareholding dropped to 9.95%, still close to the 10% threshold, and as a financial investor, adjusting positions based on funding arrangements is typical [2]. - Stock price fluctuations are influenced by multiple factors, including macroeconomic conditions, industry cycles, and market sentiment. Luzhou Bank's price-to-book ratio (PB) is 0.49, lower than the industry average, reflecting the valuation pressure on regional banks rather than individual operational deterioration [3]. Group 2: Performance Growth and Cost Control - The bank has demonstrated resilience in profit growth, with a 18.5% year-on-year increase in net profit attributable to shareholders for the first three quarters of 2025, achieved through effective cost control despite slight revenue fluctuations [4]. - Non-interest income has experienced volatility primarily due to capital market fluctuations, but as market conditions improve, the bank's potential in intermediary business and wealth management is expected to gradually be realized [5]. Group 3: Capital Adequacy and Supplementation Plans - Capital adequacy ratios are within safe ranges, with the core Tier 1 capital adequacy ratio at 8.01%, Tier 1 capital adequacy ratio at 9.82%, and total capital adequacy ratio at 12.66%, all meeting regulatory requirements [6]. - The postponement of the H-share capital increase proposal reflects the board's respect for shareholder opinions and governance procedures, indicating that capital supplementation is not hindered. The bank can supplement capital through internal profit accumulation and issuing subordinated debt [7]. Group 4: Asset Quality and Risk Management - The non-performing loan ratio has slightly increased from 1.18% to 1.29%, remaining below the industry average of approximately 1.6%, with the increase mainly influenced by a few large clients. The bank has made sufficient provisions, maintaining a robust risk resistance capability [8]. - The proactive disclosure of risks demonstrates transparency and a commitment to risk management. The bank plans to submit a restructuring proposal for a risk exposure of 818 million yuan, showcasing a responsible attitude towards risk [10]. Group 5: Regional Economic Support and Shareholder Background - The largest shareholder, Luzhou Laojiao Group, not only provides capital support but also brings quality customer resources through industrial chain collaboration. Luzhou City, as a key node in the Chengdu-Chongqing economic circle, offers a favorable environment for the bank's business development [11]. - The bank is gradually optimizing its credit structure, increasing investments in inclusive finance and green finance. Although the proportion of loans to the construction and real estate sectors is high, these projects are primarily focused on local key projects and quality enterprises, keeping overall risk manageable [12]. Group 6: Strategic Layout and Governance Optimization - The introduction of professional directors enhances governance capabilities, with new board members bringing expertise in risk management and governance, supporting strategic transformation and non-performing asset disposal [13]. - As the first listed bank in a prefecture-level city in the western region, Luzhou Bank has significant advantages in brand recognition, customer base, and channel networks in the local market, playing an irreplaceable role in regional economic development [14]. Conclusion - The challenges faced by Luzhou Bank are common phenomena for regional banks during economic transitions, rather than individual crises. The bank exhibits strong resilience in profitability, risk resistance, and corporate governance, with strategic adjustments and risk management measures being forward-looking and actionable. Investors and the market should focus on the improvement of fundamentals and the dual opportunities presented by regional economic recovery [15].

Core Insights - The event "Warm Return Journey: Building Dreams in Linxiang" successfully took place on February 6, 2026, focusing on providing financial support and New Year blessings to over 200 returning migrant workers from Gulin County [1][2] - Luzhou Bank Gulin Branch played a key role in organizing and executing the event, integrating professional public welfare financial services to enhance local rural revitalization [1] Group 1 - The bank combined financial services with public welfare, offering anti-fraud and anti-money laundering educational materials at the event entrance for easy access by returning workers [1] - Staff engaged with attendees by providing practical gifts such as calendars, aprons, and cups, which were well-received by the community [1] - The event emphasized financial anti-fraud education through various methods, including a themed PPT presentation and a self-produced anti-fraud video, aimed at improving financial risk awareness among migrant workers [1] Group 2 - Luzhou Bank Gulin Branch is committed to social responsibility, demonstrating its dedication to local service and enhancing cooperation with government entities to strengthen financial security for returning workers [2] - The bank plans to continue focusing on the needs of migrant workers, optimizing financial services to support their entrepreneurial and employment endeavors, thereby contributing to the high-quality economic development of Gulin County [4]

股价表现：近7日泸州银行股价震荡，区间涨跌幅0.50%，最新报2.02港元。2月6日单日跌1.49%至1.98 港元，振幅1.99%，整体走势弱于恒生指数。 资金面与技术面：2月12日资金净流入为0，散户资金活跃；技术指标显示MACD柱状图改善但仍为负 值，KDJ处于超卖区域，股价接近布林带下轨，短期弱势明显。 财报分析 经济观察网泸州银行近期发生重要股东减持，同时业绩下滑、资产质量承压，股价表现弱势。 近期事件 重要股东减持：2026年2月6日，泸州银行重要股东FAN YUE通过场内交易减持3757.64万股H股，每股 作价1.87港元，套现约7026.79万港元，持股比例降至9.95%。此次减持可能加剧市场对银行资本充足率 和治理风险的担忧。 业务动态：2026年2月10日，泸州银行公示"人工智能系统2026年持续建设开发人力外包资源池项目"中 标结果，7家供应商入围，包括北京易诚互动等，报价区间为1万-20万/人/月，反映银行在数字化转型上 的投入。 股票近期走势 以上内容基于公开资料整理，不构成投资建议。 营收下滑：2025年前三季度，泸州银行营业收入35.73亿元，同比减少2.64%；2025年上半 ...

凤凰网财经《投资观察》注意到，群内所显示的国盛证券所长姓名与资料中的杨涛同名。 国盛研究所(238) △ 杨 ■国盛证券所长 ( ■国盛机械&机器人 好的涛哥,我安排好 杨 ■国盛证券所长 还是工作日想放假可以辞职@, 罗国盛机械 杨 ■国盛证券所长 一个个跟大爷似的 杨 ■国盛证券所长 今年奖金取消 "杨涛 国盛证券所长" 撤回了一条消息 杨 ■国盛证券所长 ( - @国盛 | ■ 国盛人力 收到 杨 .. ■国盛证券所长 以后再有此类事项一律劝退 杨 国盛证券所长 天天嚷嚷加薪 杨 国盛证券所长 加完了工作这个态度 对此，凤凰网财经《投资观察》致电国盛证券客服电话，客服人员回复称："尚不清楚此事，需要核实 后回电。"截至发稿，暂未收到回复电话。 凤凰网财经讯 2月10日，一张群名为"国盛证券研究所"的群聊截图引发网友关注。在截图内容中，国盛 证券所长杨某疑似因员工回复消息不及时发怒，在群里接连发消息称："工作日想放假可以辞职"、"今 年奖金取消"、"天天嚷嚷加薪，加完了工作这个态度"。 公开资料显示，国盛证券研究所是国盛证券旗下的卖方研究机构，设立于2018年初。由新财富历史上首 位钻石分析师杨涛领衔，已 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 泸州银行股份有限公司 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01983 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 753,120,000 | RMB | | 1 RMB | | 753,120,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 753,120,000 | RMB | | 1 RMB | | 753,120,000 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明 ...

Core Viewpoint - The article discusses the increasing trend of personal non-performing loan (NPL) transfers in the banking sector, driven by regulatory changes and the rising pressure of bad debts on financial institutions [1][5]. Group 1: Market Dynamics - The personal NPL transfer market is experiencing a surge, with transaction volumes rising from 186.48 billion in 2021 to 965.30 billion in 2023, and projected to reach 1583.50 billion in 2024 [3][4]. - As of January 22, 2026, there were 20 new announcements for personal NPL transfers within the month, indicating heightened activity in the market [2][8]. - The average discount rate for personal NPL packages has significantly decreased, with rates dropping from 8%-10% before 2023 to around 5% in 2026 [10][11]. Group 2: Regulatory Impact - A regulatory notification extended the trial period for bulk transfers of personal NPLs until December 31, 2026, allowing a wider range of financial institutions to participate in the transfer process [2][4]. - The expansion of trial institutions to include city commercial banks and rural commercial banks has led to a notable increase in the volume of NPL transfers [5][17]. Group 3: Borrower Profile and Economic Context - The borrower demographic for personal NPLs includes failed entrepreneurs, unemployed individuals relying on credit cards for living expenses, and consumers with excessive debt [4][20]. - The economic backdrop, characterized by macroeconomic fluctuations and income instability, has exacerbated the bad debt situation, compelling banks to offload risk assets [5][20]. Group 4: Challenges in Asset Recovery - The recovery rates for NPLs have declined, with some packages facing average recovery rates below 6%, marking the lowest in five years [12][13]. - Financial institutions are facing challenges in asset valuation and recovery due to incomplete documentation and inefficient legal processes [26][28]. Group 5: Strategic Adjustments - Banks are adapting their strategies by improving the quality of NPL packages, such as reducing overdue times and increasing the concentration of borrowers in economically developed areas [24][25]. - There is a push for enhanced transparency and standardization in the NPL transfer process to improve market confidence and asset pricing [28].

Group 1 - The article highlights the increasing vulnerability of the elderly to scams due to their limited access to information and lower discernment abilities, prompting initiatives to enhance their fraud prevention skills [1] - Luzhou Bank's Chengdu branch organized a fraud prevention campaign at the Le Shun Elderly Care Center, aiming to educate seniors about various scams and promote awareness [1][6] - A specific case of fraud involving an elderly man named Zhang, who was scammed out of 170,000 yuan under the pretense of obtaining pension benefits, illustrates the real dangers faced by the elderly [3] Group 2 - The bank's staff provided a detailed guide on how to recognize and avoid different types of scams, including those related to health products and investment schemes, emphasizing the importance of scientific evidence and skepticism towards "too good to be true" offers [5][6] - The elderly participants expressed their appreciation for the informative session, indicating that they gained a clearer understanding of scams and how to identify them [6] - Luzhou Bank plans to continue its efforts in fraud prevention, aiming to strengthen the protective measures for financial consumers and enhance their awareness of potential risks [6]

Core Viewpoint - The increasing complexity of financial products and the diverse needs of the public necessitate enhanced financial literacy and risk prevention capabilities, prompting Luzhou Bank's Xuyong Branch to conduct various financial knowledge promotion activities [1] Group 1: Promotion Strategies - The bank has set up eye-catching banners and distributed detailed brochures on preventing illegal financial activities at its branches, enhancing customer engagement [2] - Staff members have actively engaged with communities by establishing promotional points in high-traffic areas, utilizing display boards, banners, and one-on-one explanations to raise awareness about telecom fraud [2] - A "Risk Alert at Your Door" initiative has been implemented, where staff provide targeted explanations of the dangers of illegal financial activities directly to individuals [2] Group 2: Targeted Outreach - The bank's staff have conducted outreach in rural areas, educating residents about the risks of illegal financial activities at village committees and markets [4] - Specific educational efforts have been made for veterans at the local veterans' affairs bureau, focusing on common types of telecom fraud and legal awareness to enhance their financial literacy [4] Group 3: Long-term Commitment - The series of promotional activities has effectively reached various demographics, including the elderly, youth, and rural residents, thereby broadening the impact and coverage of the campaign [6] - Increased public awareness of illegal fundraising, telecom fraud, and online lending has been observed, with individuals becoming more adept at recognizing the risks associated with misleading claims of "high returns" and "risk-free" investments [6] - Luzhou Bank's Xuyong Branch plans to continue its educational efforts, integrating financial promotion into its regular operations and focusing on key demographics and areas for deeper outreach [8]

Group 1 - The core idea of the news is the collaboration between the financial sector and cultural sector in Meishan, highlighted by the establishment of the "Qinghuan Station," a cultural exchange space created in partnership with Luzhou Bank Meishan Branch [1][2] - The "Qinghuan Station" aims to serve as a new platform for the transmission of cultural heritage, facilitating dialogue between finance and literature, and providing a warm home for literature enthusiasts [1] - The opening ceremony of the "Qinghuan Station" was attended by representatives from the arts and finance sectors, marking a significant step in the integration of finance and culture in Meishan [1] Group 2 - The collaboration is expected to include various activities such as field trips, discussions, and forums, leveraging financial resources to promote cultural development and enriching the financial sector with cultural elements [2] - Luzhou Bank, as a state-owned enterprise and the first listed bank in a western prefecture-level city, has been focusing on empowering culture through finance since its entry into Meishan in 2021 [2] - The bank plans to use the cultural exchange space as a link to conduct diverse cultural activities, enhancing the cultural soft power of Meishan and providing quality services to the arts community and cultural enterprises [2]