Core Insights - Jiujiang Bank reported a revenue of 8.03 billion yuan for the first three quarters of 2025, a year-on-year decline of 4.04%, while net profit reached 866 million yuan, with a growth rate recovering to 3.94% from a previous decline of 36.08% in the first half of the year [2][3] Financial Performance - The main source of revenue for Jiujiang Bank is net interest income, which amounted to 6.46 billion yuan, a decrease of 5.66 billion yuan or 8.05% year-on-year [3] - Non-interest income included net fee and commission income of 471 million yuan, down 30.97% year-on-year, while net financial investment income increased by 8.06 billion yuan, a growth of 150.33% [3] - Asset impairment losses were 4.57 billion yuan, a decrease of 328 million yuan or 6.7% year-on-year, supporting the recovery of net profit growth [3] - As of September 30, 2025, total assets reached 521.33 billion yuan, an increase of 2.61% year-on-year, with loans and advances at 324.96 billion yuan, up 4.82% [3] Capital Increase Plan - Jiujiang Bank announced a capital increase plan to issue up to 860 million domestic shares and 175 million H-shares, aiming to raise funds to supplement core tier one capital and enhance risk resistance [4][5] - If the capital increase is completed, total shares will rise from 2.847 billion to 3.882 billion, an increase of 36.4% [5] - As of September 30, 2025, the core tier one capital adequacy ratio was 8.63%, down 0.81 percentage points from the end of the previous year [4] Shareholder Structure - The top three domestic shareholders of Jiujiang Bank are Jiujiang Municipal Finance Bureau (15.78%), BAIC Group (12.85%), and Industrial Bank (10.34%) [6]

Core Insights - Jiujiang Bank reported a revenue of 8.03 billion yuan for the first three quarters of 2025, a year-on-year decline of 4.04%, while net profit reached 866 million yuan, with a growth rate recovering to 3.94% from a decline of 36.08% in the first half of the year [2][3] Financial Performance - The main source of revenue for Jiujiang Bank is net interest income, which amounted to 6.46 billion yuan, a decrease of 5.66 billion yuan or 8.05% year-on-year [3] - Non-interest income included net fee and commission income of 471 million yuan, down 30.97% year-on-year, while net financial investment income increased by 8.06 billion yuan, a growth of 150.33% [3] - Asset impairment losses were 4.57 billion yuan, a decrease of 328 million yuan or 6.7% year-on-year, supporting the recovery of net profit growth [3] - As of September 30, 2025, total assets reached 521.33 billion yuan, an increase of 2.61% year-on-year, with loans and advances at 324.96 billion yuan, up 4.82% [3] Capital Increase Plan - Jiujiang Bank announced a capital increase plan to issue up to 860 million domestic shares and 175 million H-shares, aiming to raise funds to supplement core tier one capital and enhance risk resistance [4][5] - If the capital increase is completed, total shares will rise from 2.847 billion to 3.882 billion, an increase of 36.4% [5] - As of September 30, 2025, the core tier one capital adequacy ratio was 8.63%, down 0.81 percentage points from the end of the previous year [4] Shareholder Structure - The top three domestic shareholders of Jiujiang Bank are Jiujiang Municipal Finance Bureau (15.78%), BAIC Group (12.85%), and Industrial Bank (10.34%) [6]

Core Viewpoint - Jiujiang Bank plans to issue up to 860 million domestic shares and up to 175 million H-shares to enhance its core tier one capital and optimize its equity structure, marking its second capital increase plan in recent years [1][2][4] Group 1: Capital Increase Details - The funds raised will be used entirely to supplement core tier one capital, enhancing the bank's risk resilience and optimizing its equity structure [2] - If the issuance reaches its upper limit, Jiujiang Bank's total share capital will increase from 2.847 billion shares to 3.882 billion shares, representing a growth of over 36% [2] - The domestic shares will be issued to no more than 35 qualified domestic institutional investors, including major shareholders [2][4] Group 2: H-share Issuance - The H-share issuance will involve up to 175 million shares, targeting no more than 10 independent qualified investors [4] - The actual number of shares issued will depend on regulatory approvals and market conditions [4] - The pricing mechanism will consider the bank's financial status, market environment, and legal requirements, with H-share prices adjusted to align with domestic shares if issued simultaneously [4] Group 3: Industry Context - This capital increase is part of a broader trend among local banks, with state-owned capital playing a significant role in these initiatives [5][6] - Several local banks have launched capital increase plans this year, with state-owned entities as key investors, enhancing their capital adequacy and supporting local economic development [5][6][8] - The capital adequacy ratio for city commercial banks is currently lower than that of larger state-owned banks, highlighting the need for these capital increases [7][8]

Core Viewpoint - Jiujiang Bank has announced a proposal to issue up to 860 million domestic shares and up to 175 million H-shares to qualified investors, aiming to enhance its core tier one capital and optimize its equity structure [1][3][5]. Group 1: Capital Increase Details - The funds raised will be used entirely to supplement core tier one capital, enhancing the bank's risk resilience and optimizing its equity structure [3]. - If the issuance reaches its upper limit, Jiujiang Bank's total share capital will increase from 2.847 billion shares to 3.882 billion shares, representing a growth of over 36% [3]. - The domestic shares will be issued to no more than 35 qualified domestic institutional investors, including major shareholders [3]. Group 2: H-share Issuance - The H-share issuance will involve up to 175 million shares, targeting no more than 10 independent qualified investors [5]. - The actual number of shares issued will depend on regulatory approvals and market conditions [5]. - The pricing mechanism will consider the bank's financial status, market environment, and legal requirements, with H-share prices adjusted to align with domestic shares if issued simultaneously [5]. Group 3: Context of Capital Increases in the Industry - There has been a surge in capital replenishment plans among small and medium-sized banks this year, with over 10 institutions pursuing capital increases, primarily driven by local state-owned capital [2][6]. - Similar capital increase cases have been observed, with many banks seeing an increase in the proportion of state-owned capital post-issuance [8][10]. - The capital increase is viewed as a strategic move to meet regulatory requirements and enhance the banks' ability to support local economies [7][10].

Core Viewpoint - Jiujiang Bank plans to issue up to 860 million domestic shares and 175 million H-shares to qualified investors, aiming to enhance its core tier one capital and optimize its equity structure [1][3] Group 1: Capital Increase Announcement - The bank's capital increase will involve a non-public issuance of shares to no more than 35 qualified domestic institutional investors, including major shareholders [1] - If the issuance is fully completed, the total share capital will increase from approximately 2.847 billion shares to 3.882 billion shares, representing an increase of over 36% [1] Group 2: Previous Capital Increase Comparison - This marks the second capital increase since Jiujiang Bank's initial public offering in 2023, with the current plan being larger than the previous one [2] - The earlier capital increase in 2022 aimed to issue up to 365 million domestic shares and 75 million H-shares, raising nearly 4 billion yuan and expanding total share capital to about 2.847 billion shares [2] Group 3: Use of Proceeds - The net proceeds from the current fundraising will be used entirely to supplement the bank's core tier one capital, enhancing its risk resilience [3] Group 4: Financial Performance - Jiujiang Bank's net profit saw a significant decline of 55.2% in 2023 due to increased asset impairment losses, but a slight recovery is noted in 2024 with a 2.87% increase in net profit to 744 million yuan [3] - The bank's net profit for the first half of the current year reached 379 million yuan, but it remains below the stable profit levels of over 1.6 billion yuan from 2020 to 2022 [3] Group 5: Asset Scale and Capital Adequacy - As of June 30, 2025, Jiujiang Bank's total assets reached 519.655 billion yuan, an increase of 3.196 billion yuan from the end of 2024 [4] - The bank's core tier one capital adequacy ratio decreased to 8.62% from 9.44% at the end of the previous year, while the overall capital adequacy ratio fell to 11.18% from 13.17% [4]

Core Viewpoint - Jiujiang Bank (06190) announced a decision by its board of directors to adjust the composition of its specialized committees, effective from October 31, 2025, until the end of the seventh board's term [1] Group 1: Committee Changes - Independent non-executive director Ms. Wang Wanqu has been appointed as a member of the Board Nomination and Remuneration Committee and will no longer serve on the Board Consumer Rights Protection Committee [1] - Independent non-executive director Mr. Guo Jiequn has been appointed as a member of the Board Consumer Rights Protection Committee and will no longer serve on the Board Nomination and Remuneration Committee [1]

Core Viewpoint - Jiujiang Bank (06190) announced a plan to issue up to 860 million domestic shares and up to 175 million H-shares to qualified subscribers by October 31, 2025, to effectively supplement its core Tier 1 capital and enhance risk resistance capabilities [1] Group 1 - The issuance aims to optimize the bank's equity structure [1] - The net proceeds from the issuance, after deducting related expenses, will be used entirely to supplement the bank's core Tier 1 capital [1]

Core Viewpoint - Jiujiang Bank (06190) announced a plan to issue up to 860 million domestic shares and up to 175 million H-shares to qualified subscribers to effectively supplement its core Tier 1 capital and enhance its risk resistance capability [1] Group 1 - The board of directors approved the proposal on October 31, 2025 [1] - The funds raised, after deducting related issuance costs, will be used entirely to supplement the bank's core Tier 1 capital [1]

Group 1 - The board of directors of Jiujiang Bank has approved changes to the composition of its specialized committees, effective from October 31, 2025 [1] - Independent non-executive director Ms. Wang Wanqu has been appointed as a member of the board's nomination and remuneration committee, and will no longer serve on the consumer rights protection committee [1] - Independent non-executive director Mr. Guo Jiequn has been appointed as a member of the consumer rights protection committee, and will no longer serve on the nomination and remuneration committee [1]

Bank of Jiujiang Co., Ltd.* * 6190 董事會提名和薪酬委員會工作細則 第一章 總則 第一條 為規範九江銀行股份有限公司（以下簡稱「本行」）董事及高級管理人員的產 生，優化董事會組成，建立健全董事及高級管理人員的選聘以及考核和薪酬管理制度， 完善公司治理結構，根據《中華人民共和國公司法》《銀行保險機構公司治理準則》《九江 銀行股份有限公司章程》（以下簡稱《公司章程》）、《香港聯合交易所有限公司證券上市規 則》（以下簡稱《上市規則》）及其他規定，本行特設立董事會提名和薪酬委員會，並制定 本工作細則。 第二條 董事會提名和薪酬委員會是董事會下設的專門工作機構，對董事會負責。 第二章 人員組成 第三條 董事會提名和薪酬委員會成員至少由3名董事組成，其中獨立董事應佔大多 數，並且包含至少一名不同性別的董事。 第四條 董事會提名和薪酬委員會委員由董事長、二分之一以上獨立董事或者三分之一 以上全體董事提名，董事會選舉產生。 第五條 董事會提名和薪酬委員會設主任委員一名，負責主持委員會工作；主任委員由 獨立董事擔任，經董事會批准產生。 第六條 董事會提名和薪酬委員會任期與董事會任期一致，委員任 ...