证券代码：600015 证券简称：华夏银行 公告编号：2025-30 华夏银行股份有限公司 2024年年度股东大会决议公告 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： 本次会议是否有否决议案：无 (一)股东大会召开的时间：2025 年 5 月 13 日 | 1、出席会议的股东和代理人人数 | 837 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 11,852,081,635 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 74.4715 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会采用现场记名投票和网络投票的方式进行表决。表决方式符合 《公司法》及《公司章程》的规定。公司董事会为本次股东大会召集人，执行董 事、行长瞿纲（代为履行董事长职责）主持召开会议。 (五)公司董事、监事和董事会秘书的列席情况 1 (二)股东大会召开的地点：北京市东城区建国门内大街 22 号华夏银行大厦 ...

摘要：规模护城河，不奏效了吗？（欢迎关注闺蜜财经） 01 先看A股营收降幅TOP10银行。 2025年1季度，营收下滑幅度最大的是厦门银行。作为福建省唯一上市城商行，厦门银行一季度营收同 比大跌18.42%，净利润下滑14.21%，成为下跌"重灾区"。 此前，厦门银行1季度不良贷款率攀升至0.86%，拨备覆盖率从391.95%降至313.57%，资产质量未见提 升。 厦门银行银行行长吴昕颢此前在业绩会上表示，一季度业绩波动的主要原因在于"银行间资金面收紧以 及资金中枢抬升，导致公司交易簿中相关资产的公允价值下降，进而产生账面损失"。他指出，报告期 内投资类相关业务收益显著下滑是导致同期营收下降的关键因素。 | | 序号 股票代码 股票简称 | | 相关 | 每股收 | | 营业总收入 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 益(工) | 黄业总收 | 同比增长 | 李唐环比 | | | | | | | △(エ) | (%) ( | 增长(%) | | 1 | 601187 | 厦门银行 | 详细 | 0.22 | 12.1 ...

Core Viewpoint - The banking sector in the A-share market demonstrates strong resilience amid market fluctuations, with significant capital inflows into undervalued, high-dividend banking assets reflecting an increased demand for defensive sectors [1][2][4]. Group 1: Market Performance - On May 9, the banking sector outperformed the market, with the China Securities Banking Index rising for three consecutive trading days, and several banks, including Chengdu Bank, Shanghai Pudong Development Bank, and Jiangsu Bank, reaching historical highs [1][2]. - The Huabao China Securities Banking ETF saw a single-day increase of 1.35%, also hitting a historical peak, with total trading volume for the top 12 banking ETFs reaching 9.55 billion yuan, of which Huabao accounted for 3.93 billion yuan [2]. Group 2: Investment Insights - The banking sector's current dividend yield is approximately 6.5%, ranking second among all Shenwan first-level industries, with a PE ratio of 6.5 and a PB ratio of around 0.53, both of which are the lowest across sectors [3]. - Historical data indicates that the banking sector has consistently outperformed the CSI 300 index since 2011, with a 70% annual win rate and ranking in the top five for historical returns in seven out of 30 industry years [5]. Group 3: Policy and Economic Support - Recent policies aimed at stabilizing growth, including a 0.5 percentage point reduction in the reserve requirement ratio and a 0.1 percentage point decrease in policy interest rates, are expected to enhance the banking operating environment and support the overall economy [4]. - The "national team" remains a steadfast holder of banking stocks, with significant positions in major banks, indicating confidence in the sector's long-term value [3].

A股银行板块逆势上涨，建设银行股价再创历史新高，青岛银行、重庆银行涨超1%，邮储银行、沪农 商行、华夏银行、民生银行、中国银行等跟涨。 订阅A股市场资讯 +订阅 ...

对此，苏商银行特约研究员武泽伟在接受记者采访时表示，六大国有行2024年分红总额大幅高于上一 年，这体现了银行业盈利能力的强劲及管理层对加大股东回报的重视。他进一步分析称，银行加大分红 主要有三大原因：第一，六大行净利润实现稳健增长，强劲的盈利能力成为六大行进行高分红的底气； 第二，过去监管层屡次强调上市公司要通过分红、回购等方式，增强投资者回报，银行通过大力分红响 应落实监管要求；第三，体现了银行管理层对市值管理的重视，通过高频分红、定期分红等，可以坚定 投资者长期持有公司股票的信心。 武泽伟指出，对于银行自身而言，加大分红力度，可以强化投资者对银行股"压舱石"属性的认可，吸引 社保、险资等中长期资金加大对银行板块的配置力度，从而促进银行股整体估值水平上升和股价水平上 涨。 随着近期财报的陆续披露完毕，各家上市银行去年分红情况也浮出水面。已公告的A股42家上市银行 2024年度累计分红总额为6315.42亿元，其中作为分红的"主力军"，六大国有行2024年现金分红总额达 到约4206.36亿元，大幅高于上一年。另外，今年部分银行的分红落地时间也大幅提前。 4月29日晚间，西安银行（600928）、苏农银行（ ...

瑞财经 严明会近日，华夏银行发布财报显示，2024年，华夏银行实现营业收入971.46亿元，同比增长4.23%，告别了 此前两年营收连续下滑的境况，实现归母净利润276.76亿元，同比增长4.98%。 近年来，华夏银行融入新发展格局，实施促转型、调结构、增效益、防风险工作主线。虽然取得了一定的成效，但也 面临着区域发展不平衡、零售转型成效不显著的挑战。 截至2024年底，华夏银行公司贷款余额1.56万亿元，同比增长5.40%，个人贷款余额7220.27亿元，比上年末减少28.43 亿元，票据贴现余额760.55亿元，比上年末减少207.32亿元，下降21.42%。 而且，个人贷款不良余额130.18亿元，相较上年末增加7.54亿元，不良贷款率1.80%，比上年末上升0.11个百分点。 另一边，华夏银行的现金流压力不小，2024年，其经营活动产生的现金流量净额42.5亿元，同比下滑83%，主要是由 于卖出回购金融资产款减少。 今年1月，原华夏银行董事长李民吉因个人原因突然辞任，而在一个月之前，他才刚连任第九届董事会董事长。 华夏银行新一任董事长是杨书剑。今年2月，杨书剑辞去北京银行董事、行长、董事会风险管理委员 ...

Core Viewpoint - The consumer finance market is primarily driven by licensed consumer finance companies and internet finance platforms, with banks being the largest players. Most banks reported significant growth in consumer loan balances for 2024, indicating a robust demand for consumer credit [1][4]. Summary by Sections Consumer Loan Growth - In 2024, major banks reported substantial increases in consumer loan balances, with notable growth from Agricultural Bank (39.76%), Industrial and Commercial Bank (28.30%), and Postal Savings Bank (17.88%). Overall, 16 banks collectively added over 750 billion yuan in consumer loans [2][4][5]. Non-Performing Loans (NPLs) - Among the 20 banks analyzed, 7 did not disclose specific NPL data for consumer loans. The remaining 13 banks reported a total of 662 million yuan in consumer loan NPLs, with Industrial and Commercial Bank having the highest NPL amount at 100.57 million yuan and a rate of 2.39% [7][8]. Consumer Loan Strategies - Major banks are focusing on high-quality customer segments for their consumer loan products. For instance, Industrial and Commercial Bank targets public sector employees and high-income individuals. Other banks are innovating their product offerings, such as integrating green finance initiatives and enhancing digital services [9][12][20]. Market Trends and Future Outlook - The regulatory environment is supportive of consumer finance growth, with the China Banking and Insurance Regulatory Commission encouraging banks to increase personal consumer loan issuance. This suggests that consumer loan growth is likely to continue in the near future [22][23].

Group 1: Total Assets and Structure - The total assets of the 12 national joint-stock banks exceed 15 trillion yuan, with two banks surpassing 10 trillion yuan and five banks between 5 trillion and 10 trillion yuan [2][3] - China Merchants Bank leads with total assets of 12.15 trillion yuan, followed by Industrial Bank at 10.51 trillion yuan [2][3] - All banks showed positive growth in total assets compared to the end of 2023, with China Merchants Bank having the highest growth rate of 10.19% [2][3] - Loans constitute the majority of total assets, with CITIC Bank having the highest loan-to-asset ratio at 60.01% [2][3] Group 2: Liabilities and Structure - The ranking of total liabilities mirrors that of total assets, with deposits being the primary source of liabilities for the banks [4][5] - China Merchants Bank has the highest deposit-to-liability ratio at 83.31%, indicating strong deposit-raising capability [4][5] - Four banks, including Industrial Bank and Minsheng Bank, have deposit ratios below 60%, with Huaxia Bank having the lowest at 53.64% [4][5] Group 3: Operating Income and Structure - China Merchants Bank reported operating income of 337.49 billion yuan, the highest among the banks, surpassing even the state-owned Bank of Communications [7][8] - Six banks experienced negative growth in operating income, with Ping An Bank showing the largest decline at 10.93% [8][10] - Net interest income remains the primary source of revenue, with Hengfeng Bank having the highest proportion of net interest income to operating income at 80.55% [8][10] Group 4: Net Profit Analysis - China Merchants Bank achieved a net profit of 149.56 billion yuan, the largest among the banks, nearly double that of the second-ranked Industrial Bank [14][15] - Four banks, including Minsheng and Guangfa, reported negative growth in net profit, with Minsheng Bank experiencing the largest decline at 9.07% [15][17] Group 5: Net Interest Margin and Quality - All banks reported a net interest margin below 2%, with China Merchants Bank having the highest at 1.98% [18][19] - The non-performing loan ratio for China Merchants Bank is the lowest at 0.95%, while Bohai Bank has the highest at 1.76% [19][20] - Provision coverage ratio for China Merchants Bank is significantly higher at 411.98%, compared to the second-highest, Ping An Bank, at 250.71% [19][20]

Monetary Policy and Financial Stability - The People's Bank of China announced the creation of new structural monetary policy tools to stabilize the economy and financial markets, focusing on maintaining ample liquidity and supporting employment and growth in key areas [1] - The central bank is also exploring additional policy tools to enhance support for employment, enterprises, markets, and expectations, including promoting "two new" debt financing tools for private enterprises, which have issued 25.5 billion yuan [1] Banking Sector Adjustments - Several banks, including China Merchants Bank and others, are closing credit card centers and shifting to localized operations due to slowing retail business growth, with 23 credit card centers of China Merchants Bank approved for closure in 2024 [5] - The first batch of listed banks has announced the abolition of supervisory boards, with only Postal Savings Bank retaining the position of supervisor, following new regulations from the National Financial Supervision Administration [7][8] Financial Performance of Banks - Shanghai Pudong Development Bank reported a revenue of 45.922 billion yuan and a net profit of 17.598 billion yuan for Q1 2025, with total assets reaching 9.552 trillion yuan, showing positive growth in both revenue and profit [6] - Zhejiang Commercial Bank's total assets exceeded 3.4 trillion yuan, with a revenue of 17.105 billion yuan and a net profit of 5.949 billion yuan for Q1 2025, reflecting a strategic shift towards quality and service over mere scale [9] - Suzhou Bank reported a net profit growth of 10.16% year-on-year, with total assets surpassing 720 billion yuan and a non-performing loan ratio of 0.83% [11]

Investment Rating - The report maintains a positive outlook on the banking sector, highlighting it as a low-volatility dividend play in a counter-cyclical environment and a strong performer in absolute returns during a pro-cyclical phase [6]. Core Insights - The first quarter of 2025 saw a decline in both revenue and net profit for listed banks, with revenue and net profit down 1.7% and 1.2% year-on-year, respectively. The main reasons for this decline were the expected decrease in interest margins and pressure from non-interest income [3][12]. - Loan growth has remained stable, with a year-on-year increase of 7.9% in the first quarter. Notably, banks in Jiangsu and Zhejiang, as well as Chengdu, continue to show strong economic performance, while Chongqing has emerged as a new growth area with loan growth exceeding 16% [3][4]. - The average net interest margin for listed banks was 1.54% in the first quarter, reflecting a slight quarter-on-quarter increase of 2 basis points, supported by a decrease in the cost of interest-bearing liabilities [4][12]. - The non-performing loan (NPL) ratio for listed banks decreased to 1.23%, with an estimated annualized NPL generation rate of approximately 0.63% [5][19]. - The report emphasizes the importance of focusing on high-dividend yield banks, particularly those with solid provisions and growth opportunities in favorable policy environments [6][19]. Summary by Sections Performance Overview - The first quarter of 2025 saw a significant impact from the decline in interest margins and non-interest income, leading to a negative growth in both revenue and profit for listed banks [10][12]. - The report indicates that the performance of state-owned banks was below expectations, while city and rural commercial banks generally met expectations [3][19]. Loan and Credit Analysis - Loan growth has been stable, with a year-on-year increase of 7.9% in the first quarter. The report highlights that the demand for loans from small and medium-sized enterprises has weakened, affecting the growth rates of rural commercial banks [3][4]. Interest Margin and Cost Analysis - The report notes that the average net interest margin for listed banks improved slightly, with a quarter-on-quarter increase attributed to a reduction in the cost of interest-bearing liabilities [4][12]. Asset Quality and Risk Management - The NPL ratio for listed banks decreased to 1.23%, with proactive measures taken to manage and dispose of non-performing assets [5][19]. - The report indicates that the retail sector is experiencing some risk exposure, but overall asset quality remains stable [5][19]. Investment Recommendations - The report recommends focusing on banks with high dividend yields and solid fundamentals, particularly those that are well-positioned to benefit from favorable policy changes [6][19].