财联社11月20日讯（记者 史思同） 11月20日，民生银行召开2024年第三季度业绩说明会。会上，民生 银行管理层对业绩、息差、资产质量等各项热点问题一一作出回应。 从业绩表现来看，今年前三季度，民生银行实现营业收入1016.60亿元，归母净利润304.86亿元，同比降 幅分别为4.37%、9.21%。同期，该行净息差为1.40%，同比收窄8BP。对此，该行认为业绩下滑主要是 受净息差收窄等因素影响，在当前经济形势及市场竞争环境下，随着利率持续下行，下阶段营收增长仍 面临一定压力。 此外，民生银行相关负责人对近期备受关注的存量房贷利率调整情况也作出了进一步说明。目前，该行 主动对符合条件的存量房贷进行统一批量调整累计笔数约50万笔，调整金额约3800亿元，已经下调37个 bp。后续，该行将持续做好符合调整条件的存量房贷利率调整工作，同时加强房贷住房按揭业务的管 理，加大按揭投放。 业绩持续下滑，下阶段营收增长仍面临一定压力 具体来看，受净息差收窄影响，该行利息净收入为737.43亿元，同比下降4.49%；同时，受代销保险和 基金业务费率下降、资本市场波动等因素影响，非利息净收入同比下降4.05%为279.1 ...

Group 1 - A mechanical and electrical equipment sales company in Chengdu experienced a surge in order volume and urgently needed financial support [1] - On November 6, the company's legal representative submitted a "Minsheng Hui" business application through Minsheng Bank's app and authorized the use of the national small and micro enterprise fund flow credit information sharing platform [1] - Minsheng Bank successfully obtained the company's fund flow data, allowing for a comprehensive understanding of the company's financial transactions, leading to an automated approval process that granted a credit limit of 2.11 million yuan within minutes [1] Group 2 - The fund flow information platform was officially launched for trial operation on October 25, developed and operated by the People's Bank of China Credit Center [2] - The platform enables financial institutions to efficiently access clients' fund flow credit information, facilitating dynamic tracking and analysis of clients' operational status, cash flow, debt repayment ability, and performance [2] - Minsheng Bank, as one of the first pilot institutions, established a dedicated business system, authorization mechanism, and application plan to support the platform's launch [2] Group 3 - In August, Minsheng Bank became the first institution to successfully log into the sharing platform and complete full interface connectivity verification [3] - The data from the platform is utilized in Minsheng Bank's "Minsheng Hui Credit Loan" online product, enhancing the existing multidimensional data resources, including tax, business, and judicial information [3] - This integration improves the application of big data technology and intelligent risk control, optimizing customer profiling accuracy and enhancing the quality and efficiency of small and micro services [3]

Group 1: Government Debt and Financing - The Ministry of Finance has allocated a debt limit of 6 trillion yuan to local governments, urging them to expedite the issuance process [1] - As of November 18, five regions have either issued or plan to issue refinancing special bonds to replace hidden local government debts, including Henan, Guizhou, Jiangsu, Qingdao, and Dalian [1] Group 2: Capital Market Reforms - The China Securities Regulatory Commission (CSRC) aims to optimize the mutual market access mechanism and expand the channels for mainland enterprises to list overseas [2] - The CSRC emphasizes a market-oriented, legal, and international approach to enhance the capital market's openness and stability [2] Group 3: A-Share Market Developments - The participation of foreign investors in the A-share market has been increasing, with the trading proportion in the Shanghai Stock Exchange rising to 14.4% [3] - The Shenzhen Stock Exchange reports a recovery in company performance, with 80% of listed companies showing profitability in the first three quarters of the year [4] - The market has seen significant improvements, including a 1.8 times increase in mid-term dividend announcements and a tripling of disclosed restructuring plans since the introduction of new policies [4][5] Group 4: Housing Market Policy Changes - Beijing has announced the cancellation of ordinary and non-ordinary housing standards, effective December 1, which will enhance tax incentives for housing transactions [6][7] Group 5: Corporate Announcements - Minsheng Bank's major shareholder, New Hope Group, plans to increase its stake in the bank through market transactions, aiming to surpass a 5% holding [8] - Jinfu Technology's controlling shareholder intends to transfer 6.6% of the company's shares, valued at 141 million yuan, without triggering a change in control [9] - Suzhou Gude's actual controller will change to Wu Wenhao following a share transfer agreement, without affecting the company's control structure [18]

Group 1 - Zhong An Ke announced that it currently has no computing power-related business and has signed an investment cooperation agreement with Yixing Xingyang Industrial Investment Co., Ltd. to establish a project company, which has not yet started construction and has zero revenue and profit [1] - Daqian Ecology's stock has surged significantly, hitting the limit for ten consecutive trading days, prompting a risk warning due to high price-to-earnings ratio and uncertainties regarding control changes [2] - Sanwei Chemical reported a recent increase in the market price of propanol due to supply and demand dynamics, which is expected to positively impact the company's 2024 performance, although the sustainability of this price increase remains uncertain [2] Group 2 - SF Holding reported a total revenue of 24.096 billion yuan for its express logistics business in October, representing a year-on-year growth of 16.16% [3] - Xiaomi Group announced a total revenue of 92.5 billion yuan for the third quarter, a year-on-year increase of 30.5%, with adjusted net profit of 6.3 billion yuan, reflecting a 4.4% growth [4] - China Nuclear Construction achieved new contracts totaling 115.601 billion yuan and revenue of 88.430 billion yuan as of October 2024 [4] Group 3 - Minsheng Bank announced that New Hope Chemical plans to increase its stake in the bank, currently holding 4.96% of total shares, with plans to exceed 5% after the increase [5] - Jinfu Technology's controlling shareholder plans to transfer 6.6% of the company's shares through an agreement, with a total transfer price of 141 million yuan [6][7] - Lais Information announced a planned reduction of up to 1% of its shares by China Jianyin Investment due to funding needs [8] Group 4 - Multiple companies, including Doli Technology and Jingu Co., received project awards from major clients, with expected sales amounts ranging from 1.2 billion to 1.4 billion yuan over the project lifecycle [11][12] - XGIMI Technology's subsidiary received development notifications for two projects from a well-known domestic automotive manufacturer [12] - Kecuan Technology reported progress on its lithium battery composite aluminum foil project, including the completion of the main factory construction [13] Group 5 - Jiayou International plans to invest approximately 56.6569 million USD in a road project in Zambia, with a total investment of 50.9912 million USD from the company [23][24] - Dongpeng Beverage announced a planned investment of 1.2 billion yuan to establish a production base in Hainan [24] - Taiping Bird plans to invest approximately 600 million yuan to build a fashion research and development center [24] Group 6 - Del Shares intends to acquire 100% of Aizhuo Technology, with the transaction expected to enhance the company's revenue and profit [25][26] - Chutian Express plans to acquire 100% of Ping An Traffic for 29.53 million yuan, which will help expand its market in highway safety facilities [28] - Guangha Communication plans to acquire 51% of Beijing Easy Use for 66.3 million yuan, which will add new growth points to its business [29]

Group 1: Company Announcements - Zhong An Ke has no computing power-related business as of now, and its newly established project company in Yixing has not yet started construction or generated revenue [1] - Daqian Ecology's stock has experienced a significant increase, with a high price-to-earnings ratio, prompting a risk warning for investors [2] - Sanwei Chemical's propanol market price has seen fluctuations, with uncertain sustainability affecting future performance [3] Group 2: Financial Performance - SF Holding reported a total revenue of 24.096 billion yuan in October 2024, marking a year-on-year increase of 16.16% [4] - Xiaomi Group's total revenue for Q3 2024 reached 92.5 billion yuan, reflecting a year-on-year growth of 30.5% [5] - China Nuclear Construction achieved new contracts totaling 115.601 billion yuan and revenue of 88.430 billion yuan as of October 2024 [6] Group 3: Shareholding Changes - Minsheng Bank announced that New Hope Chemical plans to increase its stake in the bank, which currently holds 4.96% of shares [7] - Jinfeng Technology's controlling shareholder intends to transfer 6.6% of the company's shares through an agreement [9] - Les Information's shareholder China Jian Investment plans to reduce its stake by up to 1% [10] Group 4: Major Investments - Jiayou International plans to invest approximately 56.6569 million USD in a road project in Zambia [28] - Dongpeng Beverage intends to invest 1.2 billion yuan in a new production base in Hainan [29] - Taiping Bird plans to invest around 600 million yuan in a fashion R&D center project [30] Group 5: Mergers and Acquisitions - Del Shares intends to acquire 100% of Aizhuo Technology, with the transaction details still under review [34] - Chutian Express plans to acquire 100% of Ping An Transportation for 29.53 million yuan [35] - Guangha Communication aims to purchase 51% of Beijing Easy Use for 66.3 million yuan [36] Group 6: Other Developments - Wantai Bio received approval for clinical trials of its nine-valent HPV vaccine for males [38] - *ST Longyu's stock will be subject to additional risk warnings due to unresolved fund occupation issues [39] - *ST Pengbo and its actual controller received a notice from the CSRC regarding suspected information disclosure violations [40]

Group 1 - Minsheng Bank announced that New Hope Group is optimistic about its long-term development and plans to increase its shareholding through the secondary market [1] - New Hope Chemical, a subsidiary of New Hope Group, will increase its stake via centralized bidding and block trading [1] - As of the announcement date, New Hope Group, through its controlled entities, holds a total of 4.96% of Minsheng Bank's total shares [1] Group 2 - After the increase, New Hope Chemical and its concerted parties will hold more than 5% of Minsheng Bank's total shares [1] - The investment will be implemented after obtaining the necessary approvals [1] - The bank will submit an application for approval regarding the change of shareholders holding more than 5% to the National Financial Regulatory Administration [2]

1 本行将严格按照《上市公司信息披露管理办法》《上海证券交易所股票上市 规则》等有关规定，及时履行信息披露义务。 特此公告 证券简称：民生银行 A 股代码：600016 优先股简称：民生优 1 优先股代码：360037 编号：2024-082 中国民生银行股份有限公司 关于向国家金融监督管理总局报送持股百分之五以 上股东核准申请暨主要股东拟增持本行股份的公告 本行董事会及董事会全体成员保证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。 《中国民生银行股份有限公司关于新希望化工投资有限公司投资本行的议 案》已经中国民生银行股份有限公司（以下简称"本行"）第九届董事会第二次 临时会议审议通过。根据相关规定，本行将就持股 5%以上股东变更事项向国家 金融监督管理总局报送核准申请。 新希望集团有限公司看好本行长期发展，其子公司新希望化工投资有限公司 （以下简称"新希望化工"）拟通过二级市场增持本行股份，增持方式为集中竞 价交易和大宗交易。截至本公告日，新希望集团有限公司控制的南方希望实业有 限公司和新希望六和投资有限公司合计持有本行总股份比例 4.96%。增持后 ...

证券简称：民生银行 A 股代码：600016 优先股简称：民生优 1 优先股代码：360037 编号：2024-081 中国民生银行股份有限公司 第九届董事会第二次临时会议决议公告 本行董事会及董事会全体成员保证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。 中国民生银行股份有限公司（以下简称"本行"）第九届董事会第二次临时会 议于 2024 年 11 月 18 日在北京以现场方式召开，会议通知和会议文件于 2024 年 11 月 15 日以电子邮件方式发出。会议由高迎欣董事长召集并主持。会议应到董事 14 名，现场出席董事 6 名，董事长高迎欣，副董事长王晓永，董事赵鹏、宋焕政、程 凤朝、张俊潼现场出席会议；电话/视频连线出席董事 8 名，副董事长张宏伟、刘永 好，董事史玉柱、宋春风、曲新久、温秋菊、杨志威、刘寒星通过电话/视频连线参 加会议。应列席本次会议的监事 5 名，实际列席 5 名。会议符合《中华人民共和国 公司法》《中国民生银行股份有限公司章程》的规定，表决所形成决议合法、有效。 本行独立董事对本议案发表如下意见：2023 年度高级管理人员薪 ...

中国民生银行股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 本行董事会及全体董事会成员保证本公告内容不存在虚假记载、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： 为了便于广大投资者更全面深入地了解本行 2024 年第三季度业绩和经营情况， 本行拟于 2024 年 11 月 20 日 10:00 召开业绩说明会，就投资者普遍关心的问题进行 交流。 一、业绩说明会类型 本次业绩说明会通过电话会议方式召开，本行将针对 2024 年第三季度业绩和经 营情况与投资者进行交流，并对投资者普遍关注的问题进行回答。 二、业绩说明会召开的时间、方式 证券简称：民生银行 A 股代码：600016 优先股简称：民生优 1 优先股代码：360037 编号：2024-080 +852 3005-1328（中国香港） 参会密码：6000162024 三、本行参加人员 副行长、董事会秘书李彬女士，独立董事代表及相关部门负责人。 四、投资者参加方式 （一）会议召开时间：2024 年 11 月 20 日（星期三）10:00 - 11:00 1 会议召开时间：2024 年 11 月 2 ...

Investment Rating - The report maintains a "Buy" rating for Minsheng Bank with a target price of 4.63 CNY, indicating a potential upside of 20% from the current price of 3.87 CNY [4][18]. Core Insights - Minsheng Bank's total revenue for the first three quarters of 2024 was approximately 101.66 billion CNY, representing a year-on-year decline of 4.37%, but showing marginal improvement compared to earlier in the year [1][8]. - The net interest margin improved to 1.40% in the first three quarters of 2024, up from 1.38% in mid-2024, suggesting a potential easing of margin pressure in the future [1][10]. - The liquidity coverage ratio showed positive trends, reaching 154.3% in the third quarter, indicating enhanced capacity to handle potential operational pressures [2][10]. Financial Performance Summary - Revenue and Profitability: - Total revenue for 2024 is projected to be 143.3 billion CNY, with a slight growth rate of 1.77% expected in 2024 [18]. - The net profit attributable to shareholders is forecasted to decline by 1.11% in 2024, followed by growth of 1.21% and 3.21% in 2025 and 2026, respectively [18][20]. - Asset Quality: - As of the third quarter of 2024, the non-performing loan ratio stood at 1.48%, with a slight increase of 0.01 percentage points from the first half of 2024 [16][17]. - The provision coverage ratio for non-performing loans was reported at 146.3% [16][17]. - Asset and Liability Management: - Interest-earning assets totaled 7.3532 trillion CNY, reflecting a quarter-on-quarter growth of 2.2% [12][14]. - Interest-bearing liabilities reached 6.8398 trillion CNY, with a quarter-on-quarter increase of 3.0% [13][15]. Earnings Forecast and Valuation - The report predicts the book value per share (BPS) for 2024, 2025, and 2026 to be 13.22 CNY, 14.42 CNY, and 15.65 CNY, respectively [18][20]. - The target price of 4.63 CNY corresponds to a price-to-book (PB) ratio of 0.35x for 2024 [18].