Investment Rating - The report indicates a positive outlook for the banking industry, with overall revenue and net profit growth rates turning positive in the first half of 2025, at 1.0% and 0.8% respectively, showing improvements from the previous quarter [4]. Core Insights - The banking sector's net interest margin for the first half of 2025 is reported at 1.42%, a decrease of 10 basis points compared to the previous year, but the decline is narrowing due to improved cost management on the liability side [5]. - Non-interest income, particularly from fees and commissions, has increased by 3.1% year-on-year, driven by a recovery in wealth management and a more active market environment [5]. - The asset quality remains stable, with a non-performing loan ratio of 1.23% and a provision coverage ratio of 239%, indicating a solid credit environment [5]. Summary by Sections Financial Performance Overview - The overall revenue and net profit growth for listed banks in the first half of 2025 were 1.0% and 0.8%, respectively, with both metrics showing improvement from the first quarter [4][22]. - The total assets of listed banks reached 321.3 trillion yuan, growing by 6.35% year-to-date, with loans and advances totaling 179.4 trillion yuan, accounting for 55.84% of total assets [21][24]. Income Sources - Net interest income decreased by 1.3% year-on-year, but the decline rate has slowed, reflecting better management of funding costs [5]. - Fee and commission income grew by 3.1% year-on-year, benefiting from a recovering market and the gradual impact of regulatory changes [5]. - Other non-interest income saw a significant increase of 10.7%, primarily due to favorable market conditions in the bond market [5]. Asset Quality and Management - The non-performing loan ratio remained stable at 1.23%, with a provision coverage ratio of 239%, indicating a robust asset quality [5]. - The credit cost for the first half of 2025 was 0.81%, a decrease of 5 basis points year-on-year, suggesting manageable credit risks [5]. Loan Growth and Composition - Loan growth was primarily driven by corporate lending, with significant contributions from infrastructure and manufacturing sectors [20]. - Personal loan growth was weaker, with a year-on-year increase of only 3.6%, reflecting a cautious approach to consumer lending amid rising risks [20]. Investment and Market Conditions - The investment asset proportion decreased to 34% as banks adjusted their strategies in response to market volatility [20]. - The overall yield on bonds fluctuated significantly, prompting banks to engage in tactical trading to enhance returns [20].

9月2日，青岛银行（002948）（002948.SZ/03886 HK）发布公告，其主要股东青岛国信产融控股（集 团）有限公司（以下简称"国信产融控股"）的股权增持计划已获国家金融监督管理总局青岛监管局正式 批复。根据计划，国信产融控股将在六个月内通过二级市场增持青岛银行股份，增持后其与一致行动人 合计持股比例将达19.00%至19.99%。 此次增持主体国信产融控股，是青岛市属重要国有资本投资运营平台青岛国信发展（集团）有限责任公 司的核心子公司。其增持行为，被市场解读为地方国有资本对本地核心金融机构控制力进行战略强化的 明确信号。接近20%的持股比例，不仅将显著增强其在股东大会的表决影响力，更可能在董事会构成、 战略方向等治理层面发挥主导作用，预示着青岛银行的公司治理结构将迎来新一轮调整。 控制权临界线的战略跃升 今年6月11日，青岛银行发布公告显示，国信产融控股计划通过子公司增持股份至不超过19.99%，若获 批将跃居第一大股东。如今，增持计划已获得监管部门批准，顺利实施只是时间问题，届时青岛国信集 团的持股比例将超过现第一大股东海尔集团公司（18.14%）和第二大股东意大利联合圣保罗银行 （17.5 ...

Core Viewpoint - Qingdao Bank has received approval for significant shareholder increase, which may lead to a shift in the ownership structure, potentially making Guoxin Chanin Holdings the largest shareholder if the maximum increase is realized [1][2]. Group 1: Shareholder Changes - Guoxin Chanin Holdings is authorized to increase its stake in Qingdao Bank by up to 5% of the total share capital within six months, potentially raising its total ownership to between 19% and 19.99% [1]. - Currently, Guoxin Chanin Holdings holds 655 million A-shares, representing 11.25% of Qingdao Bank's total shares, while its associated parties hold an additional 217.8 million H-shares and 650 A-shares, totaling 14.99% [1]. - If Guoxin Chanin Holdings fully exercises its increase, it will surpass Haier Group, which currently holds 18.14% of the bank's shares, thus becoming the largest shareholder [2]. Group 2: Financial Performance - For the first half of 2025, Qingdao Bank reported a revenue of 7.662 billion yuan, a year-on-year increase of 7.5%, and a net profit of 3.065 billion yuan, up 16.05% [3]. - As of June 30, 2025, the bank's total assets reached 743.028 billion yuan, growing by 7.69% from the previous year, with total customer loans at 368.406 billion yuan, an 8.14% increase, and total customer deposits at 466.14 billion yuan, up 7.90% [3]. - The non-performing loan ratio stood at 1.12%, a decrease of 0.02 percentage points from the end of the previous year, with a provision coverage ratio of 252.80%, an increase of 11.48 percentage points [3].

长江商报奔腾新闻记者 徐佳 青岛银行（002948.SZ，3866.HK）重要股东增持获批。 9月2日晚间，青岛银行公告称该行收到青岛金融监管局批复，青岛金融监管局同意青岛国信产融控股 （集团）有限公司（以下简称"国信产融控股"）自批复之日起六个月内通过二级市场增持青岛银行股 份，增持数量不超过该行总股本的5%。增持完成后，国信产融控股及其关联方合计持有该行股权比例 不超过19.99%。 与此同时，青岛银行发布股东增持计划。国信产融控股计划通过二级市场交易的方式增持该行股份，增 持后国信产融控股及其一致行动人的合计持股比例将达19%至19.99%之间，拟增持该行股份的数量不少 于2.33亿股，且不超过2.91亿股。 目前，国信产融控股持有青岛银行6.55亿股A股，占该行股份总数的11.25%。同时，国信产融控股的一 致行动人青岛国信金融控股、青岛国信资本投资分别持有青岛银行2.18亿股H股、650股A股。综上，国 信产融控股及其一致行动人合计持有青岛银行股份8.72亿股，占该行股份总数的14.99%。 值得一提的是，日前青岛银行推出再融资计划，该行拟向不特定对象发行A股可转换公司债券，总额不 超过48亿元，扣 ...

Group 1 - Qingdao Bank and Guolian Minsheng Securities launched a public fund advisory service, marking a significant milestone in their strategic partnership and making Qingdao Bank the first local bank in Shandong to offer this service [1][3] - The collaboration aims to respond to the evolving wealth management market by providing professional, personalized, and periodic asset allocation services to clients [1][3] Group 2 - The wealth management market is transitioning from single product purchases to comprehensive asset allocation and long-term investment support, which both companies are keen to address [3] - The core advantages of fund advisory services include transparency, professional dynamic management, and a client-centered service philosophy [5] - Guolian Minsheng Securities has a strong track record, managing over 40 billion yuan and serving more than 320,000 clients, showcasing its capabilities in wealth management [9] Group 3 - Qingdao Bank reported a revenue of 7.662 billion yuan and a net profit of 3.065 billion yuan for the first half of the year, with growth rates of 7.5% and 16.05% respectively, both exceeding industry averages [7] - The bank's retail business has gained increasing market recognition, with personal deposits reaching 50.95% of total deposits by the end of June [7] Group 4 - The partnership is expected to enhance the financial service quality and efficiency of both institutions, aiming for a synergistic effect that exceeds the sum of their individual contributions [3][11] - Future plans include a focus on customer-centric strategies, resource integration, and collaborative operations to provide diverse public fund investment strategies [11]

Core Viewpoint - Qingdao Bank and Guolian Minsheng Securities have launched a public fund advisory service, marking a significant milestone in their strategic partnership and making Qingdao Bank the first local bank in Shandong to offer this service [1][3]. Group 1: Service Launch and Objectives - The collaboration aims to respond to the evolving wealth management market by providing professional, personalized, and periodic asset allocation services to clients [1][3]. - The fund advisory service is designed to meet the growing demand for comprehensive asset allocation and long-term investment support from clients [3]. Group 2: Service Features and Advantages - The core advantages of the fund advisory service include transparency, professional dynamic management, and a client-centered service philosophy [3]. - The underlying assets of the fund advisory service consist of a carefully selected basket of public funds, allowing for diversified investment risk and high transparency in holdings [3]. - The service emphasizes cost control through fee discounts to reduce trading costs, ensuring a win-win for both investors and institutions [3]. Group 3: Company Performance and Market Position - Qingdao Bank reported a revenue of 7.662 billion yuan, a year-on-year increase of 7.50%, and a net profit of 3.065 billion yuan, up 16.05%, both exceeding industry averages [7]. - The bank's retail business has gained increasing market recognition, with personal deposits reaching 50.95% of total deposits by the end of June [7]. Group 4: Guolian Minsheng Securities Overview - Guolian Minsheng Securities, established in 1992, has developed a comprehensive business system including wealth management, investment banking, and asset management [9]. - The company has managed over 40 billion yuan in assets and served more than 320,000 clients, receiving multiple industry awards for its performance [9]. Group 5: Future Plans - Both companies plan to focus on client-centric strategies through resource integration and collaborative operations, aiming to build a trusted wealth management service brand [11].

证券代码：002948 证券简称：青岛银行 公告编号：2025-033 青岛银行股份有限公司 （二）出席人员：本行董事长景在伦先生、行长吴显明先生、副行长陈霜女士、独立董事代表、董事会 秘书张巧雯女士。如有特殊情况，参会人员可能调整。 （三）会议召开方式：网络互动 二、投资者参加方式 （一）投资者可于2025年9月5日（星期五）15:00-16:00登陆全景网"投资者关系互动平 台"（http://ir.p5w.net）参与本次业绩说明会。 （二）投资者如需提问，可于2025年9月4日（星期四）17:00前将与本行2025年上半年经营业绩相关的 问题通过电子邮件的形式发送至本行投资者关系邮箱：ir@qdbankchina.com。 三、联系方式 关于召开2025年半年度业绩说明会的公告 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大遗漏。 青岛银行股份有限公司（以下简称"本行"）已披露本行2025年半年度报告，为加强与投资者的沟通交 流，使投资者更加全面、深入地了解本行，本行拟通过网络互动的方式举行2025年半年度业绩说明会， 欢迎广大投资者积极参与。 一、业绩说明会安排 ...

Core Viewpoint - Qingdao Bank announced a competitive bidding notice for the construction of a new foreign exchange business risk management system project with a budget of 1.58 million yuan [1] Group 1: Company Involvement - Haier Smart Home and Guoxin Securities are shareholders of Qingdao Bank, holding 3.25% and 1.17% of the shares respectively [1]

Core Insights - The competitive landscape of retail banking in A-shares is becoming clearer as the 2025 mid-year reports are disclosed, revealing a distinct tiered structure in retail AUM (Assets Under Management) [1][2] - The first tier consists of major state-owned banks and China Merchants Bank, all exceeding 16 trillion yuan in retail AUM, while the second tier includes joint-stock banks and some leading city commercial banks [1][2] - The retail business performance is mixed, with many banks facing pressure on retail revenue and net profit, highlighting a structural issue of profit growth without revenue increase [1][6] Tiered Structure of Retail AUM - The first tier banks, including Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (ABC), lead with AUM exceeding 16 trillion yuan, with ICBC at over 24 trillion yuan and ABC at 23.68 trillion yuan [2][3] - China Construction Bank (CCB) and Postal Savings Bank of China also show strong performance, with CCB managing over 22 trillion yuan and Postal Savings Bank at 17.67 trillion yuan [2] - China Merchants Bank, known as the "king of retail," has a retail AUM of 16.03 trillion yuan, reflecting a 7.39% increase from the previous year [2] Second Tier Performance - The second tier banks have retail AUM ranging from 1 trillion to 6 trillion yuan, with notable growth from banks like Bank of Communications at 5.79 trillion yuan and Industrial Bank at 5.52 trillion yuan [3] - Joint-stock banks are active in this tier, with CITIC Bank and Shanghai Pudong Development Bank also showing significant growth in retail AUM [3] Third Tier Characteristics - The third tier banks have retail AUM mostly below 1 trillion yuan, with Nanjing Bank and Shanghai Rural Commercial Bank showing notable growth rates of 14.25% and 3.99% respectively [4] - Regional banks are leveraging local advantages to deepen market penetration, but face challenges in competing with larger banks [5] Retail Profitability Challenges - The retail banking sector is undergoing significant adjustments, with a shift in customer demand towards diversified financial solutions, which raises the bar for product innovation and service customization [6] - Leading banks like ICBC and China Merchants Bank are showing resilience, with ICBC's net profit rising by 46.05% despite a slight revenue decline [6][7] - However, some banks, including ABC and Ping An Bank, are experiencing declines in both revenue and net profit, indicating a challenging environment [7] Asset Quality Concerns - The retail banking sector is facing challenges in asset quality, particularly in personal loans, with rising non-performing loan (NPL) ratios reported by several banks [9][10] - For instance, China Merchants Bank's retail loan NPL ratio increased to 1.04%, while Chongqing Rural Commercial Bank's rose to 2.04% [9] - Some banks, like Ping An Bank and Industrial Bank, have managed to improve their asset quality through refined risk management practices [10] Strategic Recommendations - Analysts suggest that banks, especially smaller ones, should focus on enhancing their support for small and micro enterprises and optimizing financial resource allocation to uncover new growth points [8] - There is a call for banks to improve their digital capabilities and customer experience to better compete with larger institutions [8]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Bank of Qingdao Co., Ltd.* 青 島 銀 行 股 份 有 限 公 司 * （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （H股股份代號：3866） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條作出。 如下公告已於深圳證券交易所網站刊登，僅供參閱。 特此公告。 承董事會命 青島銀行股份有限公司* 景在倫 董事長 中國山東省青島市 2025年9月3日 於本公告日期，董事會包括執行董事景在倫先生、吳顯明先生、陳霜女士及 劉鵬先生；非執行董事周雲傑先生、Rosario Strano先生、譚麗霞女士、Giamberto Giraldo先生及鄧友成先生；獨立非執行董事邢樂成先生、張旭先生、張文礎先 生、杜寧先生及范學軍先生。 * 青島銀行股份有限公司並非一家根據銀行業條例（香港法例第155章）之認可機構，並不受 限於香 ...