中信建投证券股份有限公司 关于华夏银行股份有限公司 2022 年非公开发行 A 股股票 持续督导保荐总结报告书 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"） 作为华夏银行股份有限公司（以下简称"华夏银行"或"公司"）2022 年非公开 发行 A 股股票的保荐机构，截至 2023 年 12 月 31 日持续督导期限已经届满。根 据《证券发行上市保荐业务管理办法》（以下简称"《保荐管理办法》"）和《上 海证券交易所上市公司自律监管指引第 11 号—持续督导》等相关法律法规，中 信建投证券出具本持续督导保荐总结报告书。 | 保荐机构名称 | 中信建投证券股份有限公司 | | --- | --- | | 注册地址 | 北京市朝阳区安立路 66 号 4 号楼 | | 主要办公地址 | 北京市朝阳区景辉街 16 号院 1 号楼 11 层 | | 法定代表人 | 王常青 | | 项目保荐代表人 | 隋玉瑶、吕晓峰 | | 项目联系人 | 刘展 | | 联系电话 | 010-56052550 | | 更换保荐人或其他情况 | 无 | 1 三、发行人的基本情况 | 发行人名称 | 华夏银行股份有限公司 | ...

Investment Rating - The report maintains a "Buy" rating for Huaxia Bank with a target price of 7.52 CNY per share, compared to the current price of 6.72 CNY [4]. Core Views - Huaxia Bank's 2023 annual report and 2024 Q1 report show a revenue growth rate of -0.6% and -4.3% respectively, while the profit before provisions (PPOP) growth rates are -5.6% and -8.6%. However, the net profit attributable to shareholders increased by 5.3% and 0.6% year-on-year, indicating a gradual clearing of historical burdens [2][3]. - Key highlights include a significant decline in net interest income in Q1, but provisions and other non-interest income growth helped maintain positive performance. The net interest income decreased by 9.3% year-on-year in Q1, while other non-interest income grew by 33.5% [2]. - Asset quality continues to improve, with a non-performing loan (NPL) ratio of 1.66% as of March, down 1 basis point from December. The provision coverage ratio increased to 161% [2][3]. Summary by Sections Financial Performance - Revenue growth rates for 2023 and 2024 Q1 were -0.6% and -4.3%, respectively. PPOP growth rates were -5.6% and -8.6%. The net profit attributable to shareholders grew by 5.3% and 0.6% year-on-year [2][3]. - In Q1, net interest income saw a significant decline, while other non-interest income increased, contributing to overall positive performance despite revenue challenges [2]. Asset Quality - The NPL ratio improved to 1.66% as of March, with a provision coverage ratio of 161%. The new NPL generation rate decreased to 0.98%, down 21 basis points year-on-year [2][3]. - The bank's NPL balance decreased by 1.8 billion CNY in the second half of 2023, with notable improvements in the manufacturing sector [2]. Credit Growth - Credit growth in Q1 2024 was 999 million CNY, an increase of 198 million CNY year-on-year, surpassing the full-year growth of 1.6% in 2023 [2][3]. Profitability Forecast - The forecast for net profit growth is 1.3% for 2024 and 3.0% for 2025, with expected earnings per share (EPS) of 1.62 CNY and 1.67 CNY, respectively. The current price corresponds to a price-to-earnings (PE) ratio of 4.2X for 2023 and 4.0X for 2024 [3].

Financial Performance - Total revenue for Q1 2024 was 22,114 million RMB, a decrease of 4.34% compared to the same period last year[2] - Net profit attributable to shareholders was 5,890 million RMB, an increase of 0.61% year-on-year[2] - Basic earnings per share (EPS) was 0.37 RMB, up 19.35% from the previous year[2] - Total operating income for Q1 2024 was RMB 22,114 million, a decrease of 4.3% compared to RMB 23,117 million in Q1 2023[20] - Net profit for Q1 2024 reached RMB 6,006 million, an increase of 0.7% from RMB 5,967 million in Q1 2023[20] - The bank's total comprehensive income for Q1 2024 was RMB 7,594 million, up from RMB 6,202 million in Q1 2023, reflecting a growth of 22.4%[21] - Basic earnings per share for Q1 2024 were RMB 0.37, compared to RMB 0.31 in Q1 2023, representing an increase of 19.4%[21] Asset and Liability Management - Total assets as of March 31, 2024, reached 4,379,952 million RMB, an increase of 2.94% from the end of 2023[4] - The total liabilities amount to RMB 4,050,596 million, reflecting an increase from RMB 3,933,004 million at the end of 2023[19] - The total loan balance at the end of the reporting period is RMB 2,409,445 million, with a year-over-year increase of 4.32%[14] - Total loans increased to 24,094,450 million RMB, a growth of 4.32% from the end of 2023[7] - Total deposits reached 21,975,350 million RMB, an increase of 3.17% compared to the end of last year[7] Credit Quality - Non-performing loan ratio improved to 1.66%, down 0.01 percentage points from the end of last year[4] - The bank's focus on improving asset quality is evident, with a decrease in loss loans by 1.63% year-over-year[14] - Normal and special mention loans account for 95.60% and 2.74% of the total loan balance, respectively[14] - Credit impairment losses decreased to RMB 6,779 million in Q1 2024 from RMB 8,223 million in Q1 2023, a reduction of 17.6%[20] Capital Adequacy and Ratios - The core tier one capital adequacy ratio is 9.44% as of March 31, 2024[12] - The total capital adequacy ratio is 12.55% as of March 31, 2024[12] - The leverage ratio is 6.52% as of March 31, 2024[12] - The liquidity coverage ratio is 133.33% as of March 31, 2024, indicating strong liquidity position[13] - The ratio of loans to deposits is 92.06% as of March 31, 2024, compared to 90.24% at the end of 2023[15] Cash Flow and Operating Activities - Cash flow from operating activities was 26,709 million RMB, down 25.98% year-on-year[5] - The net cash flow from operating activities for Q1 2024 was RMB 26,709 million, a decrease from RMB 36,085 million in Q1 2023[22] Shareholder Information - The top three shareholders are Shougang Group Co., Ltd. (21.68%), State Grid Yingda International Holdings Group Co., Ltd. (19.33%), and China People's Property Insurance Co., Ltd. (16.11%)[8] - The total number of ordinary shareholders at the end of the reporting period is 90,340[8] Debt and Securities - The bank issued RMB 30 billion in financial bonds with a fixed interest rate of 2.43%, maturing in 2027[17] - The bank issued debt securities, raising RMB 32,000 million in Q1 2024, compared to RMB 30,000 million in the same period last year[23] Liquidity Management - The qualified high-quality liquid assets amount to RMB 523,363 million as of March 31, 2024[13] - The net cash outflow over the next 30 days is RMB 392,529 million[13] - The liquidity ratio for RMB is 66.16%, while the total liquidity ratio is 70.42%[16]

Financial Performance - Total assets reached CNY 4,254.77 billion, an increase of 9.09% compared to the previous year[8]. - Net profit attributable to shareholders was CNY 26.36 billion, up 5.30% year-on-year[8]. - Total operating income for 2023 was 93,207 million RMB, a decrease of 0.64% compared to 2022[22]. - Operating profit increased by 5.19% to 35,443 million RMB in 2023 from 33,695 million RMB in 2022[22]. - Net cash flow from operating activities surged by 220.58% to 253,177 million RMB in 2023, up from 78,975 million RMB in 2022[22]. - Basic earnings per share increased by 3.50% to 1.48 RMB in 2023, compared to 1.43 RMB in 2022[22]. - The cost-to-income ratio rose to 31.37% in 2023, an increase of 1.24 percentage points from 30.13% in 2022[22]. - The net profit attributable to shareholders for Q4 2023 was CNY 8.408 billion, showing a significant increase compared to previous quarters[26]. Asset Quality - Provision coverage ratio improved to 160.06%, an increase of 0.18 percentage points from the previous year[10]. - Non-performing loan ratio decreased by 0.08 percentage points compared to the end of the previous year[10]. - The non-performing loan ratio improved to 1.67%, a decrease of 0.08 percentage points from the previous year[24]. - The non-performing loan balance decreased to CNY 38.51 billion, down CNY 1.36 billion, or 3.42% year-over-year, with a non-performing loan ratio of 1.67%, a decrease of 0.08 percentage points[48]. - The loan provision rate decreased to 2.67%, down by 0.13 percentage points from the previous year, reflecting effective risk management[24]. Loan and Deposit Growth - Small and micro enterprise loan balance grew by 8.77% under the "two increases" criteria[9]. - Total loans amounted to 2,309,583 million RMB, a 1.61% increase from 2,272,973 million RMB in 2022[22]. - Total deposits grew by 3.20% to 2,129,945 million RMB in 2023, up from 2,063,874 million RMB in 2022[22]. - The balance of corporate deposits reached CNY 1,616.63 billion, growing by 1.85% year-on-year, with an interest rate of 2.06%[175]. - The balance of corporate loans (excluding discounts) was CNY 1,377.40 billion, an increase of 3.30% from the previous year, while green loans reached CNY 269.27 billion, showing a continuous increase in proportion[176]. Digital Transformation and Innovation - Digital finance business saw a 33.48% increase in cumulative trading volume of foreign and domestic currency transactions[12]. - Information technology investment rose by 4.79%, accounting for 4.34% of operating income[11]. - The company plans to enhance risk management and digital transformation to support high-quality development[13]. - The company launched the Huaxia Financial Cloud platform to enhance multi-bank account management and digital transformation for corporate treasury systems[165]. - New digital financing products, including "Shuyitong" series, were introduced to provide tailored financing services across various industry scenarios[168]. Awards and Recognition - The company received multiple awards in 2023, including "Best Trade Financing Bank" and "Outstanding Bond Investment Institution"[28][32]. - The company ranked 46th globally in Tier 1 capital and 60th in total assets according to the July 2023 Banker magazine's ranking of the world's top 1000 banks[36]. Customer Base and Market Expansion - Corporate customer base grew by 4.10% year-on-year, while investment banking business scale increased by 11.11%[39]. - The company had 653,500 corporate clients at the end of the reporting period, an increase of 4.10% compared to the end of the previous year, with over 30,000 new ecosystem clients developed during the period[172]. - The number of corporate online banking clients reached 446,700, a growth of 3.56% from the previous year, with monthly active users at 273,300[178]. Risk Management - The company is enhancing risk management and compliance systems, focusing on digital risk identification and special asset management system construction[45]. - The company is enhancing risk management strategies, focusing on high-quality youth customer segments and ecological scene operations[198]. Investment and Financial Products - The company’s investment income increased by 50.87% to ¥9,425 million, driven by gains from trading financial assets and derivatives[116]. - The company launched a public REITs project fund supervision product, enhancing asset liquidity and effective investment[177]. - The company introduced innovative credit products to meet the financing needs of specialized and technology-driven enterprises[165].

A 股代码：600015 A 股简称：华夏银行 编号：2024—15 华夏银行股份有限公司日常关联交易公告 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。 重要内容提示： ●交易内容： 2．国网英大国际控股集团有限公司及其关联企业 2024 年度日常关联交易额 度人民币 369.6606 亿元。其中，授信类关联交易额度人民币 230 亿元（不含关 联方提供的保证金存款以及质押的银行存单和国债金额），非授信类关联交易额 度人民币 139.6606 亿元。 3．中国人民财产保险股份有限公司及其关联企业 2024 年度日常关联交易额 度人民币 696.0559 亿元。其中，授信类关联交易额度人民币 230 亿元（不含关 联方提供的保证金存款以及质押的银行存单和国债金额），非授信类关联交易额 度人民币 466.0559 亿元。 4．北京市基础设施投资有限公司及其关联企业 2024 年度日常关联交易额度 人民币 261.6003 亿元。其中，授信类关联交易额度人民币 150 亿元（不含关联 方提供的保证金存款以及质押的银行存单和国债金额 ...

226.6643 亿元事项、核定华夏理财有限责任公司 2024 年度日常 关联交易总额度人民币 814.6003 亿元事项，均符合国家金融监 督管理总局、中国证券监督管理委员会和上海证券交易所等部门 的监管要求，符合《华夏银行股份有限公司章程》《华夏银行股 份有限公司关联交易管理办法》及其他内部制度的相关规定；议 案中关联交易均是本公司日常业务中所发生的一般交易，遵循一 般商业公允原则，不存在损害本公司及中小股东利益的情况，对 本公司正常财务状况和经营成果无重大不利影响，不影响本公司 独立性。我们同意本次核定关联方日常关联交易额度事项，并同 意将该议案提交股东大会审议。 - 2 - 华夏银行股份有限公司独立董事 关于关联方日常关联交易额度的独立意见 根据《银行保险机构公司治理准则》《上海证券交易所上市 公司自律监管指引第 1 号——规范运作》及《华夏银行股份有限 公司章程》等有关规定，我们作为华夏银行股份有限公司（以下 简称"公司"或"本公司"）的独立董事，本着诚信、独立、勤 勉的原则，审阅了公司提供的第八届董事会第四十二次会议《关 于申请关联方日常关联交易额度的议案》及相关文件，对相关事 宜发表如下独立意见 ...

A 股代码：600015 A 股简称：华夏银行 编号：2024—14 二、审议并通过《关于修订〈华夏银行市场风险管理政策〉的议案》。 表决结果：赞成 16 票，反对 0 票，弃权 0 票。 三、审议并通过《关于修订〈华夏银行信用风险内部评级体系管理办法〉的 议案》。 表决结果：赞成 16 票，反对 0 票，弃权 0 票。 华夏银行股份有限公司 第八届董事会第四十二次会议决议公告 本行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。 华夏银行股份有限公司（以下简称"华夏银行"或"本行"）第八届董事会 第四十二次会议以书面传签方式召开，会议通知和材料于 2024 年 4 月 9 日以电 子邮件方式发出，表决截止日期为 2024 年 4 月 19 日。会议应发出书面传签表决 票 16 份，实际发出书面传签表决票 16 份，在规定时间内收回有效表决票 16 份。 会议的召开符合《中华人民共和国公司法》等法律、行政法规、部门规章、规范 性文件及《华夏银行股份有限公司章程》的有关规定，会议合法有效。经与会董 事审议，做出如下决议： 一、审议并通过 ...

A 股代码：600015 A 股简称：华夏银行 编号：2024—16 华夏银行股份有限公司 关于召开 2023 年度业绩说明会的公告 本行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。 重要内容提示： 会议召开时间：2024 年 4 月 30 日(星期二)上午 11:00-12:00 本次说明会以网络互动形式召开，本行将针对 2023 年度的经营成果、财务指 标及现金分红的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点和方式 1 （一）会议召开时间：2024 年 4 月 30 日（星期二）上午 11:00-12:00 （ 二 ） 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证 ...

Group 1 - Huaxia Bank's board of directors has approved the appointment of Mr. Qu Gang as the new president, pending approval from the National Financial Regulatory Administration [1] - Mr. Qu Gang will assume the role of president once his qualifications are approved, with a term lasting until the end of the eighth board of directors [1] - The board has authorized Mr. Qu to perform the duties of president from the date of the board's approval until his qualifications are confirmed [1] Group 2 - Mr. Qu Gang, born in November 1974, holds a master's degree and is a senior economist [2] - He has held various positions including Deputy General Manager at Beijing International Trust Co., Ltd. and Deputy General Manager at Beijing Financial Holdings Group Co., Ltd. [2] - Currently, Mr. Qu serves as the Deputy Secretary of the Party Committee at Huaxia Bank [2]

A 股代码：600015 A 股简称：华夏银行 编号：2024—12 截至本公告披露日，瞿纲先生未持有本行股票；其与本行董事、监事、高级 1 管理人员及持股 5%以上的股东不存在关联关系；不存在被中国证监会采取不得 担任上市公司高级管理人员的市场禁入措施，期限尚未届满的情形；不存在被证 券交易所公开认定为不适合担任上市公司高级管理人员，期限尚未届满的情形； 未受过中国证监会及其他有关部门的行政处罚和证券交易所公开谴责和通报批 评；不存在因涉嫌犯罪被司法机关立案侦查或者涉嫌违法违规被中国证监会立案 调查，尚未有明确结论意见的情形；不存在重大失信等不良记录；不存在《公司 法》等有关法律法规、监管规定及上海证券交易所和本行章程规定的不得担任本 行高级管理人员的情形。 华夏银行股份有限公司 第八届董事会第四十一次会议决议公告 本行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。 华夏银行股份有限公司（以下简称"本行"）第八届董事会第四十一次会议 于 2024 年 3 月 28 日在北京以现场方式召开。会议通知于 2024 年 3 月 21 日 ...