近日，贵州银行交出2025年上半年的成绩单。 从经营数据来看，这家贵州省省内首家在香港联交所主板上市的城商行，上半年表现颇为稳健：实现营 收、净利润"双增"、资产规模突破6000亿元、净息差逆势上升、数智融合迈入新阶段…… 同时，作为赋能地方经济发展的坚实力量，贵州银行半年报中展现的每个突破、每笔增长，均与贵州现 代化产业体系建设息息相关。该行表示，将始终秉持"用心的银行"服务理念，"用心"也成为其深耕黔中 大地、服务区域高质量发展离不开的关键词。 营收净利润"双增" 在资、负两端共同发力下，贵州银行核心盈利指标净息差企稳，6月末，该行净息差同比提升0.22个百 分点至1.90%。同时，成本收入比同比下降1.37个百分点至24.25%。 资产质量方面，半年报显示，贵州银行不良贷款率以及关注类贷款占比均较年初有所下降。其中，不良 贷款率较年初下降0.03个百分点至1.69%；关注类贷款占比较年初下降0.09个百分点。6月末，该行拨备 覆盖率较年初提升15.89个百分点至331.87%，风险抵御能力进一步增强。 用心书写"五篇大文章" 2023年，中央金融工作会议指出，要做好科技金融、绿色金融、普惠金融、养老金融 ...

行业规模 推荐（维持） 证券研究报告 | 行业深度报告 2025 年 10 月 17 日 银行研思录 23：AH 股银行资产质量评估（2025H1） 基于"广义不良"和"超额拨备"的分析 总量研究/银行 银行估值溢价通常源自中收和负债优势，估值折价通常源自资产质量的担忧。 银行不良生成具有滞后性，会呈现出宏观行业周期和微观管理层周期交错共振。 微观银行短期业绩超额弹性和压力通常源自资产质量出清和拨备反哺周期的错 位，所以我们研究和投资银行，客观评估资产质量状况是核心。在前期报告《银 行研思录 10：如何评估资产质量？》中，我们介绍了当期银行不良和资产质量 指标体系，然后尝试通过构建"广义不良率"和"超额拨备利润倍数"两个指 标，尝试更加客观地评估和比较各家银行当前资产质量状态，目前银行中报均 已公布，本篇报告将统计范围从 42 家 A 股上市银行拓展至 56 家 AH 股上市银 行，对各家银行超额拨备情况的最新水平和趋势做盘点。 ❑对于银行传统资产质量指标的梳理，可参考前期报告《银行研思录 10：如何 评估资产质量？》。从实际应用层面考量，由于口径不统一、覆盖资产不够全 面，目前传统资产质量指标或许难以反映银 ...

呈交日期: 2025年10月9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) | 06199 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,200,000,000 | RMB | | 1 RMB | | 2,200,000,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 2,200,000,000 | RMB | | 1 RMB | | 2,200,000,000 | FF301 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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 貴州銀行股份有限公司（「本行」） | 2. 股份分類 | 普通股 | ...

Core Viewpoint - Guizhou Bank announced the resignation of non-executive director Chen Hanqing, effective September 26, 2025, due to work arrangements, with no disagreements with the board [1] Group 1 - Chen Hanqing was nominated by the Guizhou Provincial Finance Department as a non-executive director [1] - His resignation includes his positions on the Board Audit Committee and the Risk and Related Party Transactions Management Committee [1] - The Guizhou Provincial Finance Department will nominate a new non-executive director, and the board will proceed with the appointment process [1]

Group 1 - The core point of the article is the resignation of Mr. Chen Hanqing, a non-executive director of Guizhou Bank, due to work arrangement reasons [1] - Mr. Chen was nominated by the Guizhou Provincial Finance Department and held positions on the Audit Committee and the Risk and Related Party Transactions Management Committee [1]

Group 1 - Guizhou Bank announced the resignation of non-executive director Chen Hanqing, effective September 26, 2025, due to work arrangements [1] - Chen Hanqing was nominated by the Guizhou Provincial Finance Department and held positions on the Audit Committee and Risk and Related Party Transactions Management Committee [1] - The bank confirmed that there are no disagreements with the board and no other matters requiring shareholder attention [1] Group 2 - The Guizhou Provincial Finance Department has nominated a new candidate for the non-executive director position, and the board will proceed with the appointment process [1] - The bank will fulfill its information disclosure obligations regarding the appointment of the new non-executive director [1]

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分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。 非 執 行 董 事： 張硯女士(1) 陳多航先生 蔡嘉先生（1） 龔濤濤女士 獨 立 非 執 行 董 事： 董事名單及其角色與職能 貴州銀行股份有限公司*董 事（「董 事」）會（「董事會」）成 員 載 列 如 下： 執 行 董 事： 楊明尚先生 （董 事 長） 吳帆女士 蔡東先生 李 浩然先生 孫莉女士 陳蓉女士 張俊傑先生（1） 許亮先生（1） 湯欣先生(2) 宋科先生(2) 中 國，貴 陽，2025年9月28日 * 貴州銀行股份有限公司並非香港法例第155章《銀 行 業 條 例》所 界 定 的 認 可 機 構， 不 受 香 港 金 融 管 理 局 的 監 督，亦 未 獲 授 權 在 香 港 經 營 銀 行 及╱或 接 受 存 款 業 務。 – 2 – – 1 – 董事會下設6個 專 門 委 員 會，下 表 載 列 截 至 本 公 告 ...

非執行董事辭任 貴 州 銀 行 股 份 有 限 公 司（「本 行」）董 事 會（「董事會」）於2025年9月26日 收 到 本行非執行董事陳含青 先 生（「陳先生」）的 辭 任 函（陳 先 生 是 由 本 行 股 東 貴州省財政廳 提 名 的 非 執 行 董 事）。因 工 作 安 排 原 因，陳 先 生 不 再 擔 任 本 行 非 執 行 董 事、董 事 會 審 計 委 員 會 委 員、風 險 與 關 聯 交 易 管 理 委 員 會 委 員 職 務。 陳先生的辭任於2025年9月26日 生 效，其 已 確 認 與 董 事 會 無 意 見 分 歧，沒 有 其 他 事 項 須 提 請 本 行 股 東 注 意，貴 州 省 財 政 廳 已 另行向本行 提 名 非 執 行 董 事 人 選，董 事 會 將 持 續 推 進 繼 任 本 行 非 執 行 董 事 的 委 任 事 宜，並 及 時 履 行 相 應 信 息 披 露 義 務。 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 ...

Core Viewpoint - Guizhou Bank has demonstrated steady growth in its mid-year performance for 2025, with total assets exceeding 600 billion yuan and a focus on serving the real economy through various financial initiatives [1][2][3][4][5][6] Financial Performance - As of June 30, 2025, Guizhou Bank's total assets reached 603.75 billion yuan, a 2.33% increase from the beginning of the year [1] - The bank reported operating income of 6.102 billion yuan and a net profit of 2.129 billion yuan, reflecting year-on-year growth of 2.26% and 0.31% respectively [1] - The net interest margin improved by 0.22 percentage points to 1.90%, indicating strong operational resilience [1] Service to the Real Economy - Guizhou Bank has actively engaged in five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, achieving significant results [2][3][4] - In technology finance, the bank's loan balance reached 9.812 billion yuan, with a year-on-year increase of 21.57% [2] - The green finance loan balance was 61.293 billion yuan, growing by 4.4% from the start of the year [2] - Inclusive finance efforts supported 58,500 clients, with a loan balance of 54.067 billion yuan [3] - Pension finance loans increased by 57.22% to 1.621 billion yuan [3] - Digital finance loans reached 4.005 billion yuan, marking a 28.57% increase [3] Digital Transformation - Guizhou Bank has prioritized digital transformation as a key driver for high-quality development, integrating it with the five key areas of focus [4][5][6] - The bank has made significant advancements in data governance and standardization, enhancing its data-driven decision-making capabilities [4] - The implementation of an intelligent risk control system has improved risk management, with a non-performing loan ratio of 1.69%, down 0.03 percentage points from the beginning of the year [5] - The bank has deployed artificial intelligence technologies to enhance operational efficiency, with over 4,300 users served by its intelligent Q&A system [6] Future Outlook - Guizhou Bank aims to continue its digital transformation, enhancing its service model, operational capabilities, and risk management to support the high-quality development of the local economy [6]

Core Viewpoint - Guizhou Bank demonstrates resilience and vitality in high-quality development, achieving a stable performance amid a complex macroeconomic environment and industry challenges, with significant growth in both operating income and net profit while maintaining a declining non-performing loan ratio [1][2]. Financial Performance - As of June 2025, Guizhou Bank's total assets exceeded 600 billion yuan, reaching 603.75 billion yuan, a 2.33% increase from the beginning of the year [2] - The bank's net interest margin increased by 0.22 percentage points year-on-year to 1.90%, driven by optimized asset structure and controlled liability costs [2] - Interest income reached 4.918 billion yuan, a 13.25% increase year-on-year, contributing to an operating income of 6.102 billion yuan, up 2.26%, and a net profit of 2.129 billion yuan, growing by 0.31% [2] Asset Quality - The non-performing loan ratio improved to 1.69%, with the provision coverage ratio rising to 331.87%, indicating enhanced risk mitigation capabilities [3] - The non-performing loan ratio for corporate loans decreased to 1.12%, with various sectors experiencing reductions in non-performing rates [3] Regional Development Support - Guizhou Bank focuses on supporting local economic development, aligning with the province's "Four Modernizations" initiatives, including new industrialization and urbanization [4] - As of June 2025, the bank's loans for new industrialization reached 36.199 billion yuan, with total disbursements of 12.427 billion yuan [4] - Loans for new urbanization amounted to 149.814 billion yuan, with cumulative disbursements of 13.033 billion yuan [4] Inclusive Finance and Rural Revitalization - The bank has issued 18.864 billion yuan in loans to small and micro enterprises, serving 18,500 clients, with a total balance of 54.067 billion yuan [5] - In rural revitalization, the bank's agricultural modernization loan balance grew by 3.221 billion yuan to 32.411 billion yuan by mid-2025 [5] Consumer Finance - Guizhou Bank's consumer finance assets reached 36.765 billion yuan, reflecting an increase of 1.156 billion yuan, contributing to the recovery of local consumption [6]