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8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國光大銀行股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期: 2025年9月2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) | 06818 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 12,678,735,500 | RMB | | 1 RMB | | 12,678,735,500 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 12,678,735,500 | RMB | | 1 RMB | | 12,678,735,500 | ...

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8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國光大銀行股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 FF301 第 1 頁 共 11 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 06818 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | | 已發行股份總數 | | | 上月底結存 | | | 12,678,735,500 | | | 0 | | 12,678,735,500 | | 增加 / 減少 (-) | | | 0 | | | 0 | | | | 本月底結存 | | | ...

Core Viewpoint - In the first half of 2025, Everbright Bank reported a revenue of 65.918 billion yuan, a year-on-year decrease of 5.57%, while net profit attributable to shareholders increased by 0.55% to 24.622 billion yuan [2][16]. Financial Performance - As of the end of June, Everbright Bank's total assets reached 7.24 trillion yuan, an increase of 4.02% from the end of the previous year [2]. - The total loan amount was 4.08 trillion yuan, up 3.82% year-on-year, and the deposit balance was 4.25 trillion yuan, reflecting a growth of 5.39% [2]. - The bank's net interest margin decreased by 14 basis points to 1.40%, primarily due to the reduction in loan market quotation rates and adjustments in existing mortgage rates [5][6]. - Interest income for the first half was 45.432 billion yuan, a decrease of 26.79 million yuan, or 5.57% [4][6]. Asset Quality and Provisions - The bank made provisions for asset impairment losses amounting to 15.913 billion yuan, a significant decrease of 21.60% year-on-year [2][6]. - The provision coverage ratio stood at 173.47%, down 8.12 percentage points from the end of the previous year [7]. - The reduction in credit impairment losses was noted as a key factor supporting profit growth [8]. Loan Allocation and Focus Areas - Everbright Bank's loans were primarily directed towards technology, green finance, and inclusive finance sectors, with significant growth in these areas [9][10]. - As of June, loans to technology enterprises reached 417.03 billion yuan, growing by 9.88%, while green loans increased by 12.37% to 464.13 billion yuan [9]. Strategic Initiatives - The bank aims to enhance its operational characteristics by focusing on six key business areas, including "Sunshine Wealth" in retail finance, which saw an asset management scale of nearly 3.1 trillion yuan [3][4]. - Efforts to optimize deposit product structures and control costs are underway to mitigate the pressure from declining interest margins [5][6]. Technology Investment - Everbright Bank increased its technology investment by 7.87% to 2.274 billion yuan in the first half of the year [12][13]. - The bank has established specialized teams for digital transformation, focusing on areas such as inclusive finance and supply chain finance [13][14].

Core Viewpoint - Hong Kong banking stocks have risen against the trend, with several banks showing significant gains, indicating a positive market sentiment towards the banking sector amid stable financial performance [1] Group 1: Stock Performance - Agricultural Bank and Postal Savings Bank rose nearly 3%, while China Everbright Bank, China Construction Bank, and Zhejiang Commercial Bank increased over 2% [1] - Other banks such as CITIC Bank and China Merchants Bank saw a rise of 1.6%, with several others including Bank of Communications, Bank of China, and Industrial and Commercial Bank of China increasing by over 1% [1] Group 2: Financial Performance - As of the end of August, 42 listed banks have reported their semi-annual results, showing a steady increase in support for the real economy [1] - The 42 A-share listed banks achieved a total operating income exceeding 2.9 trillion yuan, representing a year-on-year growth of over 1% [1] - The net profit attributable to shareholders reached 1.1 trillion yuan, with a year-on-year increase of 0.8% [1] - Major banks such as ICBC, CCB, ABC, and BOC reported net profits exceeding 100 billion yuan, while the non-performing loan ratio for the six major commercial banks remained low [1]

Group 1 - The core viewpoint of the articles highlights China Everbright Bank's commitment to digital financial construction and the integration of technology to drive business innovation and upgrade services [1][2] - In the first half of 2025, the bank launched the "Large Model Intelligent Policy Assistant," creating a knowledge base of over 1,700 internal policy documents, enhancing compliance execution efficiency [1] - The bank's self-developed "Credit Investigation Intelligent Report" can automatically generate a comprehensive report in 5 minutes, serving over 2,000 frontline customer managers and improving credit business efficiency [1] Group 2 - Everbright Bank has developed the "Wenshu" intelligent analysis tool, integrating AI and BI, which consolidates over 2,000 data indicators across various business areas, providing timely and accurate data analysis results [2] - The bank is enhancing its online and intelligent capabilities in key areas such as inclusive finance and supply chain finance, exemplified by the launch of the "Sunshine e-Jiedai" online loan product [2] - Future plans include deepening the financial technology strategy, advancing the construction of a new generation of core business systems, and enhancing the overall digital support platform for operational development [2]

Core Viewpoint - The personal consumption loan interest subsidy policy was officially implemented on September 1, providing consumers with financial incentives to stimulate spending through loans [1] Group 1: Loan Application Process - Consumers can apply for loans conveniently via mobile phones, and to enjoy the interest subsidy, they need to sign a supplementary contract during loan withdrawal [2] - For small consumer loans under 50,000 yuan, consumers can receive a maximum subsidy of 1,000 yuan, while for larger loans, the maximum subsidy can reach 3,000 yuan when multiple loans are aggregated [2][4] Group 2: Policy Promotion and Awareness - Banks are actively promoting the interest subsidy policy through various channels, including bank branches and partnerships with retail outlets [3] - According to industry analysts, a 1% subsidy rate could theoretically support 10 trillion yuan in consumer demand for every 100 billion yuan in fiscal expenditure [3] Group 3: Conditions for Receiving Subsidies - To qualify for the interest subsidy, loan funds must be used for genuine consumption, and specific payment methods are required [4] - If consumers do not automatically receive the subsidy upon repayment, they can submit transaction proof for manual review starting September 5 [4] Group 4: Service Optimization and Risk Management - Financial institutions are enhancing their services to ensure that more consumers benefit from the policy, including allowing existing loan customers to access subsidies for new purchases [6] - Experts emphasize the importance of monitoring loan usage to prevent misuse of funds and ensure that subsidies are effectively utilized for consumption [6]

Core Viewpoint - The mid-year performance report for 2025 reveals that the ten listed joint-stock banks have shown a stable overall operational trend, with total assets reaching 73.38 trillion yuan and net profits totaling 278.125 billion yuan, while also exhibiting diverse development characteristics across the industry [2] Group 1: Asset Performance - Total assets of the joint-stock banks have generally increased, with the leading banks being China Merchants Bank and Industrial Bank, with total assets of 12.657 trillion yuan and 10.614 trillion yuan respectively, marking growth rates of 4.16% and 1.01% compared to the end of the previous year [3][4] - Among the ten banks, except for China Minsheng Bank and Bohai Bank, all other banks achieved positive growth in total assets [4] Group 2: Revenue and Profitability - Seven out of ten banks reported a year-on-year decline in operating income, with only Shanghai Pudong Development Bank, China Minsheng Bank, and Bohai Bank achieving revenue growth [5][7] - China Merchants Bank led in net profit with 74.930 billion yuan, showing a slight increase of 0.25% year-on-year, while four banks experienced a decline in net profit [8][9] Group 3: Net Interest Margin - The net interest margin has shown a significant downward trend, with eight out of ten banks continuing to decline, influenced by factors such as the reduction in the Loan Prime Rate (LPR) and adjustments in mortgage rates [9][10] - China Merchants Bank reported the highest net interest margin at 1.88%, although it decreased by 0.12 percentage points year-on-year [10][11] Group 4: Asset Quality - The non-performing loan (NPL) balances of all ten banks have increased compared to the end of the previous year, with Bohai Bank experiencing the fastest growth in NPLs, reaching 17.269 billion yuan, a 4.79% increase [12][13] - The highest NPL ratios were recorded by Bohai Bank (1.81%), Huaxia Bank (1.60%), and China Minsheng Bank (1.48%), while China Merchants Bank had the lowest at 0.93% [14] Group 5: Provision Coverage Ratio - The provision coverage ratio has decreased for seven banks compared to the end of the previous year, with Ping An Bank experiencing the largest decline of 12.23 percentage points [15] - China Merchants Bank has the highest provision coverage ratio at 410.93%, while China Minsheng Bank has the lowest at 145.06% [15]

Core Insights - The credit card market is experiencing a significant decline, with various metrics showing a downward trend, including credit card loan balances, transaction volumes, and the number of active cards [1][2][3] Credit Card Loan Balances - The total credit card loan balance of 14 major banks reached 7.52 trillion yuan, a decrease of 197.57 billion yuan or 2.56% compared to the beginning of the year [1][2] - China Bank reported the largest decline in credit card loans, down 13.88% to 522.50 billion yuan, while other banks like Ping An Bank and Industrial Bank saw reductions of 9.23% and 8.07%, respectively [2] Credit Card Transaction Volumes - The total credit card transaction amount for 12 banks was 11.47 trillion yuan, reflecting a year-on-year decrease of 11.05%, equating to a loss of 1.42 trillion yuan [2] - The highest decline was observed in China Bank and Everbright Bank, with transaction volumes dropping over 18% [2] Credit Card Circulation - The total number of circulating credit cards among 10 banks was 890 million, a decrease of 3.91 million cards compared to the previous year [3] - Ping An Bank saw a net reduction of 6.26 million cards, while Citic Bank experienced an increase of 6.37 million cards [3] Credit Card Business Revenue - Credit card business revenue is also on a downward trend, with only four banks disclosing figures. For instance, China Merchants Bank reported a 4.96% decline in interest income to 30.61 billion yuan [4][5] - Other banks like Citic Bank and Everbright Bank reported declines of 14.61% and 21.3%, respectively, in their credit card business revenue [5] Credit Card Non-Performing Loans - The non-performing loan (NPL) ratio for credit cards is rising, with the highest NPL ratio reported by China Merchants Bank at 1.75% [6] - Agricultural Bank and Postal Savings Bank reported the lowest NPL ratios at around 1.5% [6] Changing Consumer Behavior - There is a noticeable shift in consumer attitudes towards credit cards, with many users opting to cancel multiple cards, citing that they only need one or two [7] - The trend of "decluttering" credit cards is evident, as consumers express dissatisfaction with the reduced benefits associated with credit cards [7] Industry Outlook - Despite the overall contraction in the credit card market, there is potential for quality improvement and differentiation in competition [8] - Future strategies for banks include focusing on high-end customer needs and basic customer demands, with various banks launching targeted promotional activities [8][9]

Core Viewpoint - China Everbright Bank has been focusing on customer-centric digital financial services since 2025, integrating digital technology into business innovation and operations, particularly through platforms like "Everbright Cloud Payment," mobile banking, and "Xinyue Tong" [1] Group 1: Digital Financial Services - "Everbright Cloud Payment" has served over 2.3 billion users by the end of August 2025, with more than 19,000 payment collection projects integrated and over 500 new rural payment service projects launched [2] - The bank has expanded its non-tax collection services to cover 30 provinces and personal social security collection services to 28 provinces, enhancing the payment experience for elderly customers through a dedicated social security payment mini-program [2] - The platform offers a one-stop service combining payment convenience with wealth management products, including investment, insurance, and loans [2] Group 2: Mobile Banking Enhancements - Everbright Mobile Banking has over 68 million registered users and has strengthened its wealth management features in 2025, introducing various investment options and improving the user experience for fund purchases and loan selections [3][4] - The mobile banking platform has launched cross-border financial services, including personal asset certification and international remittance services in multiple currencies, catering to diverse customer needs [4] Group 3: Support for Corporate Digital Transformation - "Xinyue Tong" platform aids corporate digital transformation by providing comprehensive payroll services, significantly improving efficiency for large enterprises [5] - The bank has collaborated with major platforms like Meituan to offer enhanced employee benefits and digital management services, supporting businesses in their digitalization efforts [5] - In the real estate sector, the bank has established partnerships with local housing authorities to ensure secure transactions and smooth processes for home buyers and sellers [5] - The bank aims to continue advancing its digital transformation and expanding its digital financial product offerings to better serve social welfare and the real economy [5]

Core Insights - The integration of consumption upgrades and financial technology has led to a diversified demand for credit cards among car owners, moving beyond mere payment tools to a comprehensive service offering [1] - The Everbright UnionPay car owner credit card aims to create a full-service ecosystem that addresses pain points in car usage, connecting finance with daily life through "scenario finance" [1] Product Matrix - The Everbright UnionPay car owner credit card features a tiered product matrix that caters to diverse needs, ranging from inclusive to premium services [2] - The UnionPay Sunshine Car Owner Classic Platinum Card offers a "spending threshold rebate for the first-year annual fee" strategy to lower user decision barriers [2] - The UnionPay Qilin Car Owner Card combines "spending threshold rebate" with "asset threshold exemption" for annual fees, promoting wealth management alongside lifestyle services [2] - The UnionPay Sunshine Car Owner Elite Platinum Card provides a "first-year exemption upon card issuance and six transactions for the next year exemption," making inclusive finance accessible to a broader car owner demographic [2] In-Car Experience Enhancement - The Everbright UnionPay car owner credit card addresses various car usage pain points, transforming them into competitive advantages [3] - The UnionPay Sunshine Car Owner Classic Platinum Card and Qilin Car Owner Card offer four annual designated driver services, enhancing safety for customers [3] - The card provides five annual VIP lounge access points, improving travel comfort for car owners [3] - Collaborations with major merchants like Sinopec and NIO for fuel and charging services create a one-stop, high-value discount solution, with potential savings of up to 66 yuan [3] Ecosystem of Benefits - The card establishes a comprehensive benefits ecosystem that integrates travel, consumption, and lifestyle services [4] - New customers can enjoy various discounts upon card activation, such as 200 yuan off 100 yuan for the Sunshine Car Owner Classic Platinum Card [4] - Daily transactions earn points redeemable for lifestyle rewards, reinforcing the card's role as a "lifestyle partner" [4] - Exclusive high-end services include benefits at luxury hotel chains and dining discounts at over 400 restaurants across 50 airports [4] Future Outlook - The Everbright UnionPay car owner credit card is positioned to unlock new quality living experiences for car owners and drive consumption upgrades [5] - The card will continue to serve as a core hub connecting finance and daily life, enhancing customer spending potential through impactful service capabilities [5]