每经记者｜熊嘉楠 每经编辑｜赵云 年初登陆港交所的宜宾银行（02596.HK）将迎来新任行长。 2019年1月，蒋琳进入五粮液集团，历任公司党委委员、副总经理、董事等职，并同时在四川银行、宜 宾五粮液股份有限公司担任董事。2022年3月兼任上市公司五粮液董事会秘书。自2024年4月起任宜宾银 行党委委员、副书记。 截至目前，宜宾银行董事会成员构成为：执行董事、董事长薛峰，执行董事许勇，非执行董事肖玉烽、 田甜、赵根，独立非执行董事姚黎明、于潇然、邢华钰、赵静梅。其中，董事长薛峰生于1976年11月， 西南财经大学产业经济学专业毕业，博士研究生，正高级经济师，曾在建设银行四川省分行、民生银行 成都分行等单位工作，现任宜宾银行执行董事、董事长。 今年3月，宜宾银行发布了上市后首份年度业绩报告。业绩报告显示，2024年，宜宾银行实现营业收入 21.8亿元，同比增长0.5%，实现净利润4.77亿元，同比增长0.1%。 6月4日晚，宜宾银行发布公告称，蒋琳因工作安排辞去宜宾银行非执行董事、董事会战略与资产负债管 理委员会委员及提名及薪酬委员会委员职务。同时，宜宾银行董事会于当日审议通过委任蒋琳为宜宾银 行行长，同时建议 ...

Company Dynamics - On June 4, Yibin Bank announced the appointment of Ms. Jiang Lin as the new president and recommended her as an executive director, marking a significant adjustment in the bank's governance structure [2] - Jiang Lin's appointment is seen as a strategic move for Yibin Bank to seek breakthroughs in the context of regional financial competition and industrial integration [2] - Jiang Lin's qualifications are subject to approval by national financial regulatory authorities, and she will serve as acting president for a period not exceeding six months prior to this approval [2] Background of Jiang Lin - Jiang Lin, aged 46, holds a complete academic background from Sichuan University in Political Economics [3] - She has transitioned from government roles to market-oriented positions, having served in various capacities within the Chengdu government and later in investment roles [3] - Since joining the Wuliangye Group in 2019, Jiang has held several key positions, including board member and vice president, which have equipped her with significant industry management experience [3] Yibin Bank Overview - Established in 2006, Yibin Bank is a city commercial bank located in Yibin, Sichuan Province, China [4] - The bank was listed on the Hong Kong Stock Exchange in January 2023, becoming the third city commercial bank in Sichuan to achieve this milestone [4] - Following the resignation of former president Yang Xingwang due to health reasons, Jiang Lin's appointment is part of a broader strategy to align the bank with local industrial strategies [4] - Yibin Bank has strong ties to the Wuliangye Group, which is its largest shareholder, holding 16.99% of the shares, indicating a significant influence of the liquor industry on the bank's operations [4]

Group 1 - The core point of the news is the appointment of Jiang Lin as the new president of Yibin Bank, pending approval from the national financial regulatory authority [2][3] - Jiang Lin, aged 46, holds a PhD in economics from Sichuan University and has extensive experience in the financial sector, including significant roles at Wuliangye Group [2] - Jiang Lin's appointment follows the resignation of the previous president, Yang Xingwang, who stepped down for personal health reasons just three months after the bank's IPO on the Hong Kong Stock Exchange [5] Group 2 - Yibin Bank's total assets reached 109.205 billion yuan by the end of 2024, marking a year-on-year increase of 16.9% [5] - The bank reported an operating income of 2.180 billion yuan, reflecting a slight year-on-year growth of 0.5%, and a net profit of 477 million yuan, which is a 0.1% increase compared to the previous year [5]

Financial Performance - Interest income for 2024 reached RMB 3,691.3 million, an increase from RMB 3,563.4 million in 2023, representing a growth of 3.6%[32] - Net interest income decreased to RMB 1,577.7 million in 2024 from RMB 1,785.6 million in 2023, a decline of 11.6%[32] - Total operating income for 2024 was RMB 2,180.4 million, slightly up from RMB 2,169.8 million in 2023, indicating a marginal increase of 0.7%[32] - Pre-tax profit for 2024 was RMB 566.5 million, compared to RMB 542.6 million in 2023, reflecting a growth of 4.2%[32] - Net profit attributable to shareholders for 2024 was RMB 513.4 million, up from RMB 468.5 million in 2023, marking an increase of 9.2%[32] - Basic and diluted earnings per share for 2024 were RMB 0.13, compared to RMB 0.12 in 2023, showing a growth of 8.3%[32] - The bank's total operating expenses for 2024 were RMB 725.2 million, up from RMB 698.2 million in 2023, representing an increase of 3.4%[32] - The bank's financial investment net income surged to RMB 315.1 million in 2024 from RMB 10.6 million in 2023, a significant increase of 2,772.4%[32] - The bank's commission and fee income for 2024 was RMB 101.1 million, up from RMB 75.3 million in 2023, reflecting a growth of 34.3%[32] Asset and Loan Growth - The total assets of Yibin Commercial Bank reached RMB 109.2 billion, making it the largest bank in Yibin by total assets[5] - The net amount of loans and advances issued by the bank was RMB 58.4 billion, with total deposits amounting to RMB 84.5 billion[5] - Total assets reached RMB 109,205.4 million, reflecting a year-on-year growth of 16.9%[39] - Net loans and advances increased by 18.4% to RMB 58,443.8 million[39] - Customer deposits totaled RMB 84,517.9 million, marking an 18.3% increase year-on-year[39] - The total amount of loans and advances issued increased by 18.2% from RMB 51,391.5 million in 2023 to RMB 60,766.4 million in 2024[83] - Corporate loans rose by 24.0% from RMB 39,162.2 million in 2023 to RMB 48,558.4 million in 2024, driven by increased credit demand[86] - Retail loans decreased by 0.7% from RMB 4,917.1 million in 2023 to RMB 4,882.0 million in 2024, mainly due to reduced demand for housing mortgage loans[86] Non-Performing Loans and Risk Management - The non-performing loan ratio decreased to 1.68%, consistently outperforming the national average for city commercial banks[14] - The non-performing loan (NPL) ratio improved from 1.76% as of December 31, 2023, to 1.68% as of December 31, 2024, due to enhanced credit risk management and improved asset quality[104] - The total amount of non-performing loans was RMB 1,023.3 million, which is 1.91% of total loans as of December 31, 2024, compared to RMB 903.9 million or 2.05% as of December 31, 2023[109] - The NPL ratio for retail loans decreased from 4.12% as of December 31, 2023, to 3.84% as of December 31, 2024, reflecting ongoing efforts in recovering personal non-performing loans[110] - The expected credit loss provision for loans and advances increased by 10.9% from RMB 2,368.3 million as of December 31, 2023, to RMB 2,626.2 million as of December 31, 2024[90] Strategic Initiatives and Innovations - The bank has developed innovative products such as "digital transformation loans" to assist traditional industries in their digital upgrades[15] - The company aims to establish a "technology finance + inclusive finance" ecosystem, increasing support for specialized, green energy, and digital economy sectors[22] - The company plans to reshape corporate governance according to international capital market rules, enhancing financial service quality and creating long-term value for shareholders[22] - The company is committed to becoming an open financial platform connecting the Chengdu-Chongqing economic circle and the "Belt and Road" initiative[22] Community and Social Responsibility - The company has made cumulative donations exceeding 1.6 million yuan to support social responsibility initiatives[19] - The company has supported over 5,300 small and micro enterprises, directly driving local employment for nearly 200,000 people, with cumulative cost reductions of nearly 200 million yuan[19] Digital Transformation and Technology - The group is enhancing its digital transformation strategy, including the launch of various digital financial products such as the domestic electronic credit system and digital RMB system[155] - The group is focusing on technology empowerment, enhancing online services, and integrating consumption with finance through digital applications[149] Compliance and Risk Management - The company has implemented a comprehensive risk management system, focusing on credit risk, market risk, operational risk, liquidity risk, and compliance risk[157] - The bank's operating risk management strategy emphasizes internal controls and compliance culture, aiming to enhance risk management capabilities in 2024[165] - The bank has established a comprehensive anti-money laundering (AML) management system, including customer identity verification and suspicious transaction reporting[190] Capital Adequacy and Financial Stability - The core tier 1 capital adequacy ratio stood at 12.61%[33] - The total capital adequacy ratio increased to 13.86% as of December 31, 2024, up from 13.41% as of December 31, 2023[194] - The net capital amount reached RMB 10,544.0 million as of December 31, 2024, compared to RMB 9,792.4 million as of December 31, 2023[194]

本期带来2025年一季度IPO报告，港主板IPO募资金额最多，境外上市备案持续推进。 将投中网设为"星标⭐"，第一时间收获最新推送 以下文章来源于超越 J Curve ，作者超越J曲线 超越 J Curve . 用数据延伸你的阅读 核心发现 作者丨 投中研究院 来源丨 超越 J Curve | 机构 | 上市数量 | 科创板数量 | | 参投项目 | | | --- | --- | --- | --- | --- | --- | | CPE源峰 | 3 | 1 | 钓威电子 | 赛分科技 | 蜜雪集团 | | 君联资本 | 3 | 1 | 布鲁可 | 兴福电子 | 汉朔科技 | | 中金资本 | 3 | 1 | 脑动极光 | 兴福电子 | 汉朔科技 | | 红杉中国 | 3 | O | 古著 | 找钢集团 | 维异药业 | | 海通开元 | 2 | 2 | 兴福电子 | 胜科纳米 | | | 丰年资本 | 2 | 1 | 矽电股份 | 胜科纳米 | | | 复星创富 | 2 | 1 | 赛分科技 | 恒鑫生活 | | | 高瓴 | 2 | 1 | 赛分科技 | 蜜雪集团 | | | IDG资本 | 2 | 1 ...

Investment Rating - The report indicates a positive investment outlook for the IPO market, with a notable increase in the number of IPOs and total fundraising amounts compared to previous periods [11][34]. Core Insights - In Q1 2025, a total of 63 Chinese companies successfully completed IPOs across A-shares, Hong Kong, and US markets, representing an 18.87% year-on-year increase in IPO numbers and a 13.57% increase in total fundraising to 31.8 billion yuan [11][20][34]. - The report highlights that the advanced manufacturing sector performed the best in terms of IPO fundraising, with a total of 63.04 billion yuan raised, accounting for 55.91% of the total fundraising across all sectors [84][88]. - The report notes that the VC/PE institutions had a penetration rate of 52.38% in the IPO market, with 33 companies having VC/PE backgrounds successfully listed [12][64][73]. Summary by Sections IPO Market Overview - In Q1 2025, the total fundraising from IPOs reached 31.8 billion yuan, with the highest fundraising amounts coming from the Hong Kong market, which raised 13.5 billion yuan [11][20][54]. - The number of IPOs in the US market remained stable, with 22 companies going public, marking an 83.33% year-on-year increase [60][62]. Sector Analysis - The advanced manufacturing sector led the IPO market with 14 companies listed, followed by the electronic information sector with 11 companies [84][88]. - The electronic information sector reported a significant exit return of 102.83 billion yuan, the highest among all sectors [68][71]. Regional Analysis - Zhejiang province topped the list with 13 IPOs, raising 69.54 billion yuan, which accounted for 21.87% of the total fundraising in Q1 2025 [94][99]. - The report indicates that the IPO performance in Zhejiang has doubled compared to the same period last year [99]. Notable IPO Cases - The top five fundraising companies included Mixue Group, Chifeng Gold, and Gu Ming, with Mixue Group raising 3.187 billion yuan, the highest in the quarter [106][110]. - The report emphasizes that the first-day performance of IPOs was strong, with 25.4% of companies seeing their closing prices more than double on the first day [42][60]. Policy and Market Trends - The report discusses the resumption of the A-share IPO cycle and the approval of new liquidity regulations in the US market, which are expected to enhance the IPO environment [34][30]. - It also highlights ongoing support for traditional industries in the Hong Kong market, which continues to attract consumer brand listings [54][60].

Core Viewpoint - Yibin Bank, which went public in Hong Kong on January 13, is facing significant challenges just three months post-listing, including a sharp decline in performance growth, executive turnover, and asset quality concerns [1][3]. Financial Performance - In 2024, Yibin Bank reported a slight revenue and net profit increase of 0.5% and 0.1%, respectively, indicating a struggle to maintain growth [1]. - The bank's net interest income plummeted by 11.6%, significantly impacting overall performance, with revenue growth slowing to 0.5% [6][8]. - The average yield on interest-earning assets decreased from 4.34% to 4.00%, while the average interest rate on liabilities rose from 2.26% to 2.43%, leading to a narrowing net interest margin [6][7]. Executive Changes - The sudden resignation of CEO Yang Xingwang, who had been with the bank for 34 years, raised concerns about the bank's strategic direction [3][4]. - Yang's leadership saw significant growth in revenue and net profit during his tenure, but the strategies implemented faced challenges in 2024 [4]. Loan Structure and Asset Quality - Yibin Bank's loan structure is heavily skewed towards corporate loans, which accounted for 80% of total loans by the end of 2024, while retail loans made up only 8% [4]. - The bank is experiencing rising non-performing loan ratios, particularly in the manufacturing sector, where the ratio surged from 0.84% in 2023 to 3.79% in 2024 [4][8]. - The balance of special mention loans increased by 25% year-on-year, indicating potential future profit erosion [4]. Competitive Landscape - Yibin Bank is facing intense competition from other regional banks, with peers like Luzhou Bank achieving net interest margin growth while Yibin Bank's performance lags [7][8]. - The bank's retail loan balance decreased by 0.71% in 2024, contrasting with Luzhou Bank's 12% growth in retail loans [8]. Future Outlook - The bank's challenges reflect broader issues faced by regional small and medium-sized banks, including reliance on traditional business models amid market changes [9]. - Opportunities may arise from the development of the Chengdu-Chongqing economic circle, focusing on local resources and industries such as the liquor industry and renewable energy [9].

Core Viewpoint - Yibin Bank's CEO Yang Xingwang has resigned due to personal health reasons, effective April 8, 2025, just three months after the bank's listing on the Hong Kong Stock Exchange [1][3]. Group 1: Company Announcement - Yibin Bank announced the resignation of Yang Xingwang from multiple positions including Executive Director and CEO, with the resignation effective from April 8, 2025 [1][3]. - Yang Xingwang has a long history with the bank, having held various positions since 1991, including CEO since December 2021 [4]. Group 2: Financial Performance - For the year 2024, Yibin Bank reported total operating income of 2,180.4 million yuan, a year-on-year increase of 0.49%, and a net profit of 477.8 million yuan, up 0.08% [7]. - The bank's net profit attributable to shareholders was 513.4 million yuan, reflecting a growth of 9.58% [7]. - In the previous three years, Yibin Bank's operating income growth exceeded 15%, with figures of 1,620.8 million yuan in 2021, 1,867.0 million yuan in 2022, and 2,169.8 million yuan in 2023, showing respective growth rates of 17.99%, 15.19%, and 16.22% [2][7]. Group 3: Capital and Asset Management - Yibin Bank's total assets reached 109,205.4 million yuan by the end of 2024, a growth of 16.9% year-on-year, with net loans and advances increasing by 18.4% to 58,443.8 million yuan [8]. - The bank's non-performing loan ratio was reported at 1.68%, a decrease of 0.08 percentage points from the previous year [8]. - The capital adequacy ratios as of the end of 2024 were 13.86% for total capital, 12.64% for tier 1 capital, and 12.61% for core tier 1 capital, showing improvements from the previous year [8].

华夏时报（www.chinatimes.net.cn）记者 卢梦雪 见习记者 张萌 北京报道 4月8日晚间，宜宾市商业银行（02596.HK，下称"宜宾银行"）发布公告，该行执行董事、行长杨兴旺因个人身体 原因，已向董事会送达辞呈，辞去相关职务。 杨兴旺加入于宜宾银行成立之初，并于2021年12月正式就任行长一职。也正是在这一年年末，宜宾银行提出了"加 快建成西部领先千亿上市银行"的目标。 历经三次申请，宜宾银行于今年1月13日成功登陆港交所，实现了该行2025年上市的目标。上市后首份年报显示， 2024年该行营业收入和净利润分别微增0.5%和0.1%。此外，在净息差收窄47个基点至1.71%的背景下，宜宾银行 债券收益激增近30倍，成为其支撑整体业绩增长的关键。 4月9日，记者以投资者身份致电宜宾银行咨询杨兴旺辞任事宜，被告知"以公告为准，其他暂不方便透露"。 任期内宜宾银行实现上市 2006年12月底，宜宾银行正式注册成立，其前身为宜宾市城市信用社。 据公开资料显示，杨兴旺此前曾长期在宜宾市城市信用社任职，担任过出纳、会计、信贷员、主办会计、分社负 责人等多个职位。 2003年7月至2006年12月，杨兴 ...

4月8日，宜宾市商业银行（以下简称"宜宾银行"）公告，该行行长杨兴旺因个人身体原因辞任，自2025 年4月8日生效。 宜宾银行招股书显示，杨兴旺1974年出生，曾任宜宾市珙县巡场农村信用社分社负责人，宜宾市城市信 用社大观楼社副经理、工会主席、大顺社副经理。2006年12月加入宜宾银行，历任宜宾银行大顺支行行 长，隆昌兴隆村镇银行行长、董事，宜宾银行内江分行行长，内江兴隆村镇银行副董事长，2012年7月 至2013年10月任宜宾银行业务部总经理，2014年6月至2020年10月任副行长，于2020年10月至2021年12 月代为履职行长。此外，杨兴旺自2012年7月起任该行党委委员；自2016年7月起任董事；自2021年12月 起任行长。 3月31日，宜宾银行发布了2024年度业绩报告，为该行赴港交所上市以来首份"成绩单"。年报显示， 2024年，宜宾银行营收净利增速骤降。其总营业收入为21.804亿元，较2023年增长0.5%；净利润为 4.778亿元，同比增长0.1%。而该行2022年和2023年营业收入分别同比增长15.19%和16.22%，净利润分 别同比增长31.74%和10.38%。彼时宜宾银行在 ...