致：香港交易及結算所有限公司 公司名稱: 鄭州銀行股份有限公司 (於中華人民共和國註冊成立的股份有限公司） 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: 2025年5月31日 狀態: 新提交 呈交日期: 2025年6月5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) | 06196 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,020,458,000 | RMB | | 1 RMB | | 2,020,458,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 2,020,458,000 | RMB | | 1 RMB | | 2,020,458,000 | | ...

General Overview - The document outlines the work rules for the Nomination Committee of Zhengzhou Bank Co., Ltd, aiming to standardize the nomination process for directors and senior management, optimize the composition and structure of the board, and enhance corporate governance [2][3]. Composition of the Committee - The Nomination Committee must consist of at least three members with relevant professional knowledge and experience, with independent non-executive directors making up more than half of the committee [3][4]. - The chairman of the committee is nominated by the chairman of the board and elected by the board [4][5]. Main Responsibilities - The primary responsibilities of the Nomination Committee include reviewing the structure and composition of the board and management annually, proposing standards and procedures for the appointment of directors and senior management, and ensuring diversity in the board's composition [8][9]. - The committee is also tasked with evaluating the qualifications of candidates for directors and senior management, and supporting the regular assessment of board performance [8][9]. Nomination Policy - The nomination policy aims to ensure that board members possess the necessary skills, experience, and diverse perspectives required for the bank's operations [12]. Work Procedures - The document specifies the procedures for the selection of directors and senior management, including the need for written consent from nominees and the requirement for the committee to conduct qualification reviews [13][14][15]. Meeting Procedures - The Nomination Committee must hold at least one meeting annually, with proper notice provided to all members [16][17]. - Decisions made during meetings require a majority vote from non-related members [19][20]. Confidentiality and Compliance - All members and attendees of the Nomination Committee meetings are obligated to maintain confidentiality regarding sensitive matters discussed [10][26]. - The committee is responsible for ensuring compliance with relevant laws, regulations, and the bank's articles of association [28][29].

Core Viewpoint - Zhengzhou Bank is committed to serving the local economy and supporting private enterprises, with a focus on enhancing financial services to empower the development of the real economy, as evidenced by an increase in private enterprise loan accounts to 70,287, up by 1,644 year-on-year by the end of December 2024 [1] Group 1: Strategic Focus - Zhengzhou Bank integrates its development into the local economic framework, aligning with regional strategic planning to address the financial needs of the real economy and improve the welfare of residents [2] - The bank has expanded its coordination mechanism for real estate financing, supporting 40 "white list" projects across 11 cities to meet reasonable financing demands in the real estate sector [2] - The bank emphasizes the "five major articles" of finance, enhancing management through a checklist approach to support key projects like the Zhongyuan Science and Technology City Intelligent Technology Industrial Park [2] Group 2: Support for Small and Micro Enterprises - To better empower the development of small and micro enterprises, Zhengzhou Bank established a financing coordination mechanism led by its chairman, ensuring effective communication and implementation of support measures [3] - The bank has launched 12 financial products, including various loans tailored for small and micro enterprises, and streamlined approval processes to ensure timely access to financing [3] Group 3: Innovation in Technology Finance - Zhengzhou Bank focuses on technology finance as a key driver for high-quality economic development, offering customized financial products for tech enterprises and research institutions [4] - The bank has introduced innovative products such as "R&D Loans" and established a "Investment-Loan Linkage" business model to support technology-driven companies [4] - A comprehensive evaluation system for technology innovation capabilities has been developed to assist in identifying and assessing tech enterprises [4] Group 4: Digital Transformation - Zhengzhou Bank is committed to digital transformation, prioritizing customer experience and operational efficiency, and leveraging technology to enhance business management [5] - Strategic partnerships with companies like Huawei and Zhenghao Rong Credit Service aim to foster digital innovation in banking services [5]

Core Viewpoint - The competition in consumer loans among banks has shifted from a focus on low interest rates to enhancing loan limits and extending loan terms, as banks seek to adapt to changing market conditions and regulatory guidance [1][11][15] Consumer Loan Growth - In 2024, the total consumer loan balance of 40 A-share listed banks increased by over 950 billion yuan, with some banks experiencing growth rates exceeding 90% compared to the previous year [1][3] - The consumer loan balance for these banks reached approximately 6.06 trillion yuan by the end of 2024, marking an increase of 957.85 billion yuan from the previous year [3][4] Interest Rate Trends - Consumer loan interest rates dropped to the "2" range, with some banks offering rates as low as 1.88% for select customers, but this trend has reversed with many banks raising rates to no less than 3% by April 2024 [1][9][10] - The shift back to "3" range interest rates is aimed at preventing excessive competition and potential financial risks associated with low-rate loans [10][11] Bank Strategies - Banks are now focusing on enhancing consumer loan products by increasing limits and extending terms, responding to government initiatives to boost consumption [11][12] - Various banks have begun to raise loan limits and extend repayment periods, with some institutions increasing the maximum loan amount from 300,000 yuan to 500,000 yuan and extending terms from five to seven years [12][16] Market Segmentation - The consumer loan market is showing significant differentiation, with some banks rapidly expanding their loan portfolios through low-rate strategies, while others are contracting due to concerns over rising non-performing loan rates [5][10] - Banks are increasingly targeting specific consumer scenarios, such as home renovations and electric vehicle purchases, to drive loan growth [15][16] Risk Management - The rise in consumer loan balances has led to an increase in non-performing loans, prompting banks to enhance their risk management practices and focus on quality customer segments [9][10][14] - Regulatory bodies are emphasizing the need for banks to monitor the flow of consumer loan funds to mitigate systemic risks [14]

Core Insights - The signing ceremony of the strategic cooperation agreement between Jiyuan Municipal Government and Zhengzhou Bank took place on May 22, highlighting the importance of financial support for Jiyuan's economic development [1][2] - Jiyuan aims to enhance its industrial strength, urban quality, cultural tourism brand, and quality of life, emphasizing the need for increased financial support from institutions like Zhengzhou Bank [1] - Zhengzhou Bank expressed its commitment to leveraging its resources and expertise to support Jiyuan's economic growth and development through innovative financial services [2] Group 1 - Jiyuan has a solid industrial foundation with key industries such as non-ferrous metals and deep processing of steel products, alongside emerging strategic industries like nanomaterials [1] - The city is focused on achieving high-quality development in line with the "14th Five-Year Plan" and preparing for the "15th Five-Year Plan," indicating a strategic approach to economic planning [1] - Zhengzhou Bank has emphasized its role in supporting local economic development and plans to innovate financial models to better serve Jiyuan's needs [2] Group 2 - The strategic cooperation agreement aims to enhance financial support for key enterprises and industries in Jiyuan, ensuring the financing of major projects [2] - Zhengzhou Bank intends to utilize its advantages as a local bank to provide efficient and tailored financial services to Jiyuan [2] - The partnership is expected to foster mutual benefits and joint development between Jiyuan and Zhengzhou Bank [1][2]

Core Viewpoint - The banking sector in Central China, particularly in Hubei, Hunan, Henan, and Jiangxi provinces, is experiencing differentiated development, with city commercial banks showing resilience and growth, while rural commercial banks face significant operational challenges [1][9]. Group 1: City Commercial Banks Performance - Among the nine city commercial banks, eight reported year-on-year revenue growth, with seven achieving both revenue and net profit increases, indicating strong operational resilience [1][3]. - Changsha Bank leads with a revenue of 25.936 billion yuan and a net profit of 7.909 billion yuan, becoming a crucial pillar of regional finance [1][5]. - The revenue growth rates for Shangrao Bank and Ganzhou Bank were 33.69% and 12.81%, respectively, highlighting the growth potential of smaller city commercial banks [1][5]. Group 2: Net Profit and Revenue Disparities - In terms of net profit, Changsha Bank achieved 7.909 billion yuan, significantly higher than Ganzhou Bank's 722 million yuan, showcasing a stark disparity among the banks [4][5]. - The net profit growth rates varied, with Ganzhou Bank experiencing a remarkable increase of 91.44%, while other banks maintained stable growth rates between 0.22% and 7.69% [6][5]. Group 3: Asset Quality and Growth - Changsha Bank's total assets exceeded 1 trillion yuan, reaching 1,146.768 billion yuan, while other banks maintained assets between 500 billion and 700 billion yuan [8]. - Five city commercial banks showed robust asset growth, with asset expansion rates exceeding 10% for banks like Hubei Bank and Changsha Bank [8]. Group 4: Rural Commercial Banks Challenges - The three rural commercial banks faced significant operational pressures, with Wuhan Rural Commercial Bank's net profit declining by 50.46% and Changsha Rural Commercial Bank's by 31.62% [2][11]. - Despite efforts to diversify income sources, the reliance on interest income remains high, constituting 70% to 90% of total revenue for these banks [13]. Group 5: Strategic Alignment with Regional Development - City commercial banks are increasingly aligning their strategies with regional economic development, as seen with Changsha Bank's focus on key industries such as engineering machinery and renewable energy [14]. - The differentiation in performance between city and rural commercial banks reflects not only financial metrics but also their responsiveness to regional development strategies and core competitiveness [16][17].

Core Viewpoint - The banking sector is experiencing a resurgence, with significant stock price increases and a strong performance in 2024, leading to historical highs for several banks [1][2][3]. Group 1: Stock Performance - As of May 9, the banking sector rose by 1.46%, with a year-to-date increase of nearly 7%, outperforming other industry sectors [1][2]. - Among 42 bank stocks, 24 showed varying degrees of increase, with Qingdao Bank leading at a 3.4% rise, reaching a closing price of 4.86 yuan per share [2]. - The banking index has increased by 6.95% this year, making it the top performer among 30 sectors, with a cumulative rise of 43% in 2024, surpassing the CSI 300 index by 28 percentage points [2][3]. Group 2: Earnings and Financial Metrics - In Q1 2025, listed banks reported a 1.7% year-on-year decline in total operating income and a 1.2% drop in net profit attributable to shareholders, primarily due to reduced non-interest income and weakened profit smoothing [4]. - The net interest margin decreased by 13 basis points to 1.43%, with expectations of a slight narrowing of the decline to 10-15 basis points for the year [4]. - Total assets of listed banks grew by 7.5% year-on-year, indicating a return to normal growth levels, with city commercial banks maintaining higher growth rates [4]. Group 3: Dividend Trends - The banking sector is entering a dividend season, with total disclosed dividends for 2024 amounting to 616.13 billion yuan, of which the six major banks accounted for over 70% [6][7]. - Industrial and Commercial Bank of China led with a dividend of 109.77 billion yuan, followed by China Construction Bank with 100.75 billion yuan [7]. - Analysts highlight the importance of sustainable dividend policies, emphasizing that increasing dividend frequency can enhance investor confidence and stabilize stock prices [8].

Group 1 - The central bank's recent policy package aims to release liquidity, lower financing costs, and direct credit resources towards key sectors to promote high-quality economic development [1][2] - The policy includes a comprehensive 0.5 percentage point reduction in the reserve requirement ratio, releasing 1 trillion yuan in long-term funds, and a 0.1 percentage point decrease in policy interest rates, which will alleviate banks' liability pressure and support the real economy [2] - The structural tools emphasized in the policy will support technology innovation, consumer services, and inclusive finance, with a significant increase in the re-lending quota for technology innovation from 500 billion yuan to 800 billion yuan [2] Group 2 - Zhengzhou Bank's Q1 2025 report shows strong growth across key metrics, achieving increases in total assets, deposits, loans, revenue, and profit, marking a historical high for the bank [4] - As of the end of Q1 2025, Zhengzhou Bank's total assets grew by 4.46% year-on-year, surpassing 700 billion yuan, with total deposits of 430.11 billion yuan (up 6.32%) and total loans of 400.24 billion yuan (up 3.24%) [4] - The bank's operating income reached 3.475 billion yuan, a 2.22% increase year-on-year, and net profit was 1.016 billion yuan, up 4.98% from the previous year, indicating a stable growth trend [4] Group 3 - Zhengzhou Bank's strategic focus on retail transformation has led to a significant increase in personal deposits, which rose by 11.61% to 243.51 billion yuan, accounting for 56.6% of total deposits [5][6] - The bank's innovative credit products, such as "Zheng e-loan" and "Housing e-loan," have met diverse personal credit needs, with personal loan balances reaching 93.58 billion yuan, a year-on-year increase of 2.88% [6] - By concentrating credit resources on key industrial clusters in Henan province, Zhengzhou Bank has established a positive feedback mechanism that supports local economic development [6] Group 4 - The central bank's policy initiatives provide a strategic opportunity for banks to enhance their services to the real economy, with Zhengzhou Bank's strong performance in Q1 serving as a testament to the effective integration of policy benefits and the bank's strategic direction [7] - As policy benefits continue to unfold, Zhengzhou Bank's advantages in technology innovation and green finance may position it favorably in regional financial competition and value reassessment [7]

Core Viewpoint - Zhengzhou Bank is experiencing a recovery trend with positive profit growth, achieving significant increases in key financial metrics in the first quarter of 2024 [1][2]. Financial Performance - In Q1 2024, Zhengzhou Bank reported revenue of 3.475 billion yuan and net profit attributable to shareholders of 1.016 billion yuan, representing year-on-year growth of 2.22% and 4.98% respectively [1]. - Total assets exceeded 700 billion yuan for the first time, with total loans surpassing 400 billion yuan, and personal deposits maintaining double-digit growth [1]. - By the end of Q1 2025, net profit returned to the 1 billion yuan level, with total loans reaching 400.236 billion yuan, a 3.24% increase from the end of the previous year [2]. Strategic Focus - Zhengzhou Bank is committed to supporting local economic development by focusing on seven major industrial clusters and modernizing the "7+28+N" industrial chain, as well as promoting stable development in the real estate market [2]. - The bank is actively involved in significant provincial projects and initiatives like "Ten Thousand People Helping Ten Thousand Enterprises," directing financial resources to key areas of social development [2]. Loan and Deposit Growth - Total deposits reached 430.112 billion yuan, with personal deposits growing by 11.61% to 243.505 billion yuan [2]. - The bank's non-performing loan ratio stood at 1.79% at the end of Q1, remaining stable compared to the end of the previous year, while the provision coverage ratio increased by 8.17% [2]. Implementation of "Five Major Articles" - The "Five Major Articles" framework has become a crucial tool for Zhengzhou Bank to support the real economy and achieve high-quality development [3]. - In technology finance, the bank's loans to technology enterprises reached 48.269 billion yuan, with a growth rate of 44.50% [3]. - Green finance initiatives supported the development of green industries, with green credit business balance reaching 9.146 billion yuan, a year-on-year increase of 123.73% [3]. - Inclusive finance efforts led to a balance of 53.685 billion yuan in small and micro loans, growing by 7.46% [3]. - The bank is enhancing financial support for the elderly care and health industries, promoting a robust financial service environment for senior citizens [3]. - Digital finance initiatives are being implemented to integrate financial services into the digital transformation of enterprises [3].

Core Insights - Zhengzhou Bank reported strong growth in core business indicators for Q1 2025, with total assets exceeding 700 billion RMB, indicating robust development resilience and high-quality growth [1][2] Financial Performance - As of the reporting period, Zhengzhou Bank's total assets reached 706.53 billion RMB, a 4.46% increase from the previous year, marking its first time surpassing the 700 billion RMB milestone [2] - Total deposits and loans amounted to 430.11 billion RMB and 400.24 billion RMB, respectively, reflecting growth rates of 6.32% and 3.24% year-on-year [2] - Operating income was 3.475 billion RMB, up 2.22% year-on-year, while net profit attributable to shareholders was 1.016 billion RMB, representing a 4.98% increase [2] Business Transformation - The bank achieved growth in assets, deposits, loans, revenue, and profit in Q1 2025, reversing a three-year decline in net profit and demonstrating strong momentum for high-quality development [2] - Personal deposits reached 243.51 billion RMB, with an impressive growth rate of 11.61%, increasing their share of total deposits to 56.6% [2] Management Efficiency - Continuous growth in operating performance reflects improved management efficiency, with the bank focusing on deepening reforms and high-quality development [3] - The bank has implemented measures to enhance resource allocation efficiency and reduce costs, including reforms in the compensation system and optimizing internal distribution structures [3] Innovation and Digital Transformation - Zhengzhou Bank is advancing its business transformation through digital innovation, focusing on retail, wealth management, and personal credit sectors [4] - The bank has initiated a digital transformation strategy, launching a smart banking layout and leveraging AI technologies for risk control and digital financial product innovation [5] Risk Management - As of the end of 2024, the bank's non-performing loan ratio stood at 1.79%, unchanged from the previous year, while the provision coverage ratio improved to 182.99%, indicating enhanced risk mitigation capabilities [6]