Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report provides a comprehensive analysis of 127 regional banks in Jiangsu Province, highlighting their asset and liability structures, profitability, and asset quality [6][18] - Jiangsu's regional banks have shown a significant increase in asset growth, with major city commercial banks growing at 19.4%, surpassing the growth of listed city commercial banks at 14.2% [24][26] - The report indicates that the loan-to-asset ratio for city commercial banks is projected to reach 48.4% in 2024, reflecting a gradual increase in lending activities [30] - Jiangsu's regional banks exhibit better return on assets (ROA) compared to listed banks, with city commercial banks outperforming by 16 basis points and rural commercial banks by 9 basis points [6][42] - The asset quality of Jiangsu's regional banks is superior to that of listed banks, with lower non-performing loan ratios and higher provision coverage ratios [6][42] Summary by Sections 1. Economic Structure of Jiangsu Province - Jiangsu Province is focusing on new industrialization and strategic emerging industries, with significant contributions from cities like Nanjing and Suzhou [13][14] 2. Overview of 127 Regional Banks in Jiangsu - The report categorizes the banks into city commercial banks, rural commercial banks, and others, with a total of 127 banks established between 2006 and 2015 [18][20] 3. Asset/Liability Structure - The asset growth of major city commercial banks is accelerating, while rural commercial banks are experiencing a decline in growth rates [24][26] - The loan-to-asset ratio for city commercial banks is expected to increase to 48.4% by 2024, indicating a shift towards more lending [30] 4. Profitability - Jiangsu's regional banks have a higher ROA compared to listed banks, with city commercial banks showing a 16 basis point advantage [6][42] 5. Asset Quality/Capital Levels - Jiangsu's regional banks maintain a lower non-performing loan ratio compared to listed banks, with city commercial banks having a 30 basis point lower ratio [6][42]

转自：新华财经 新华财经北京1月23日电（记者吴丛司）招商银行23日发布2025年度业绩快报显示，2025年实现营业收 入3375.32亿元，同比微增0.01%；归属于本行股东的净利润1501.81亿元，同比增长1.21%。 在资产质量方面，截至2025年12月31日，招行不良贷款率0.94%，较上年末下降0.01个百分点；拨备覆 盖率391.79%，较上年末下降20.19个百分点；贷款拨备率3.68%，较上年末下降0.24个百分点。 编辑：刘润榕 业绩快报显示，截至2025年12月31日，招行资产总额130705.23亿元，较上年末增加9184.87亿元，增幅 7.56%；负债总额117896.24亿元，较上年末增加8710.63亿元，增幅7.98%。 ...

资金面上看，两市主力资金全天净流出85.76亿元，今日有12个行业主力资金净流入，电力设备行业主 力资金净流入规模居首，该行业今日上涨3.50%，全天净流入资金123.23亿元，其次是有色金属行业， 日涨幅为2.73%，净流入资金为54.32亿元。 主力资金净流出的行业有19个，电子行业主力资金净流出规模居首，全天净流出资金130.25亿元，其次 是通信行业，净流出资金为69.11亿元，净流出资金较多的还有机械设备、公用事业、建筑装饰等行 业。 沪指1月23日上涨0.33%，申万所属行业中，今日上涨的有23个，涨幅居前的行业为电力设备、有色金 属，涨幅分别为3.50%、2.73%。跌幅居前的行业为通信、银行，跌幅分别为1.52%、0.90%。银行行业 位居今日跌幅榜第二。 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600036 | 招商银行 | -0.92 | 0.92 | -90149.12 | | 601166 | 兴业银行 | -1.19 | 0.81 | -26498.17 | | ...

Group 1 - The event "Focusing on Difficulties, Supporting Going Global" was held in Shaanxi, aimed at facilitating communication between local enterprises and financial institutions regarding overseas listings and international development paths [1][4] - The Hong Kong Stock Exchange representative provided insights on the latest market dynamics, listing rules, and review processes, helping companies to outline a clear roadmap for listing in Hong Kong [4][6] - The event highlighted the importance of cross-border financial services, with experts discussing comprehensive financial support for companies throughout the listing process, including capital management and compliance [6][10] Group 2 - The Shaanxi Equity Exchange Center emphasized the role of regional equity markets in nurturing specialized and innovative enterprises, facilitating early-stage financing, and improving corporate governance [10] - Participating companies expressed positive feedback, noting that the event provided valuable opportunities to engage with authoritative institutions and gain firsthand information on cross-border capital operations [10][11] - The Xi'an Municipal Financial Office indicated plans to deepen cooperation with international financial platforms like the Hong Kong Stock Exchange to support more enterprises in leveraging international capital markets for high-quality development [11]

格隆汇1月23日丨招商银行(600036.SH)公布，2025年，本集团各项业务稳健开展，总体经营情况良好。 2025年，本集团实现营业收入3,375.32亿元，同比增加0.44亿元，增幅0.01%；利润总额1,789.93亿元， 同比增加3.41亿元，增幅0.19%；归属于本行股东的净利润1,501.81亿元，同比增加17.90亿元，增幅 1.21%。截至2025年12月31日，本集团资产总额130,705.23亿元，较上年末增加9,184.87亿元，增幅 7.56%；负债总额117,896.24亿元，较上年末增加8,710.63亿元，增幅7.98%；不良贷款率0.94%，较上年 末下降0.01个百分点；拨备覆盖率391.79%，较上年末下降20.19个百分点；贷款拨备率3.68%，较上年 末下降0.24个百分点。 ...

招商银行股份有限公司 2025 年度业绩快报公告 本公司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。 A 股简称：招商银行 A 股代码：600036 公告编号：2026-002 5. 贷款拨备率=贷款损失准备／贷款和垫款总额。 本公告所载 2025 年度主要财务数据为招商银行股份有限公司（简称本公司 或本行）初步核算的集团口径数据，未经会计师事务所审计，具体数据以本公司 最终披露的 2025 年度报告财务数据为准，请投资者注意投资风险。 | | | | （除特别说明外，单位人民币百万元） | | --- | --- | --- | --- | | 主要财务数据 | 2025 年 | 2024 年 | 增减变动幅度 | | | （未经审计） | （经审计） | | | 营业收入 | 337,532 | 337,488 | 0.01% | | 其中：非利息净收入 | 121,939 | 126,211 | -3.38% | | 营业利润 | 179,252 | 179,019 | 0.13% | | 利润总额 | 178,993 | ...

超卓航科公告称，其全资子公司上海超卓就与招商银行南京城北支行储蓄存款合同纠纷，再次向南京市 鼓楼区人民法院提起民事诉讼，涉案储蓄款6000万元及逾期付款利息455.4万元（暂计至2025年12月8 日）。此前，上海超卓起诉因关联刑事案件未审结被驳回。目前案件已立案受理，尚未开庭。公司2023 年已将被划转的5995万元存款确认为损失，实际控制人已垫付该款项。案件结果不确定，公司将及时披 露进展。 ...

格隆汇1月23日｜招商银行发布2025年度业绩快报，2025年实现营业收入3375.32亿元，同比微增 0.01%；归属于本行股东的净利润1501.81亿元，同比增长1.21%。 ...

格隆汇1月23日丨招商银行(600036.SH)公布，2025年，本集团各项业务稳健开展，总体经营情况良好。 2025年，本集团实现营业收入3,375.32亿元，同比增加0.44亿元，增幅0.01%；利润总额1,789.93亿元， 同比增加3.41亿元，增幅0.19%；归属于本行股东的净利润1,501.81亿元，同比增加17.90亿元，增幅 1.21%。截至2025年12月31日，本集团资产总额130,705.23亿元，较上年末增加9,184.87亿元，增幅 7.56%；负债总额117,896.24亿元，较上年末增加8,710.63亿元，增幅7.98%；不良贷款率0.94%，较上年 末下降0.01个百分点；拨备覆盖率391.79%，较上年末下降20.19个百分点；贷款拨备率3.68%，较上年 末下降0.24个百分点。 ...

截至2025年12月31日，本集团资产总额130,705.23亿元，较上年末增加9184.87亿元，增幅7.56%;负债总 额117,896.24亿元，较上年末增加8710.63亿元，增幅7.98%;不良贷款率0.94%，较上年末下降0.01个百分 点;拨备覆盖率391.79%，较上年末下降20.19个百分点;贷款拨备率3.68%，较上年末下降0.24个百分点。 智通财经APP讯，招商银行(03968)发布2025年度业绩快报，2025年，本集团各项业务稳健开展，总体经 营情况良好。2025年，本集团实现营业收入3375.32亿元，同比增加0.44亿元，增幅0.01%;利润总额 1789.93亿元，同比增加3.41亿元，增幅0.19%;归属于本行股东的净利润1501.81亿元，同比增加17.90亿 元，增幅1.21%。 ...