Investment Rating - The report maintains a "Buy" rating for Jiangsu Jinzu (600901) [1] Core Views - Jiangsu Jinzu's business investment is rapidly growing, with a significant year-on-year increase in net interest margin [7] - The company achieved a total operating revenue of 30.1 billion yuan in the first half of 2025, representing a year-on-year growth of 14.9% [7] - The net profit attributable to shareholders reached 15.6 billion yuan, up 9.0% year-on-year, with an EPS of 0.27 yuan [7] - The company’s leasing asset scale increased to 1,491 billion yuan, a growth of 15.7% compared to the beginning of the year [7] - The net interest margin for the leasing business was 3.71%, an increase of 3 basis points year-on-year, driven by a reduction in funding costs [7] - The non-performing loan ratio remained stable at 0.91%, indicating good asset quality [7] Financial Forecasts - Total operating revenue is projected to reach 61.35 billion yuan in 2025, with a year-on-year growth of 16.2% [1] - The net profit attributable to shareholders is expected to be 32.4 billion yuan in 2025, with a growth rate of 10.1% [7] - The book value per share (BVPS) is forecasted to be 4.41 yuan in 2025, with a P/B ratio of 1.32 [1][7] Business Segment Performance - The clean energy and transportation sectors showed strong growth, with year-on-year increases of 36.5% and 31.1% respectively [7] - The industrial equipment sector experienced a decline of 5.4%, while the medical health and livelihood security sectors saw significant contractions, both exceeding 40% [7] Market Data - The closing price of Jiangsu Jinzu is 5.84 yuan, with a market capitalization of approximately 33.83 billion yuan [5] - The company has a price-to-book (P/B) ratio of 1.36 [5]

Investment Rating - The report maintains a "Buy" rating for Jiangsu Jinzu (600901) [2] Core Views - The company reported stable performance with a proposed mid-term dividend, enhancing its high dividend advantage [5][7] - For the first half of 2025, Jiangsu Jinzu achieved operating revenue of 3.01 billion yuan, a year-on-year increase of 14.9%, and a net profit attributable to the parent company of 1.56 billion yuan, up 9.0% year-on-year [5] - The company plans to initiate mid-term dividends based on a payout ratio exceeding 50%, projecting a dividend yield of over 5% for 2025 [7] Financial Data and Profit Forecast - The company’s operating revenue for 2025 is estimated at 5.71 billion yuan, with a year-on-year growth rate of 8.2% [6] - The net profit attributable to the parent company for 2025 is projected to be 3.18 billion yuan, reflecting a year-on-year increase of 8.2% [6] - The report indicates a decrease in the net interest margin to 3.71% in the first half of 2025, with a year-on-year increase of 3 basis points [7] Asset Quality and Growth - As of the end of the first half of 2025, the net financing lease assets amounted to 144.11 billion yuan, an increase of 16.2% from the beginning of the year [7] - The company’s non-performing financing lease asset ratio remained stable at 0.91%, with a coverage ratio of 401.5% [7] - The number of cooperative manufacturers increased to nearly 6,000, up from over 5,800 at the end of 2024 [7]

Core Insights - Jiangsu Jinzu reported a revenue of 3,006.21 million yuan for the first half of 2025, representing a year-on-year growth of 14.91% [1] - The net profit attributable to shareholders of the listed company was 1,564.12 million yuan, showing a year-on-year increase of 9.04% [1]

Group 1 - The core point of the article is that Jiangsu Jinzu announced the approval of multiple proposals during the 12th meeting of its fourth board of directors held on August 15 [2]

智通财经APP讯，江苏金租(600901.SH)披露2025年半年度报告，报告期公司实现营收30.06亿元，同比 增长14.91%;归属于上市公司股东的净利润15.64亿元，同比增长9.04%;扣非净利润15.51亿元，同比增长 9.70%;基本每股收益0.27元。 ...

Group 1 - The core viewpoint of the article highlights Jiangsu Jinzhong's financial performance in the first half of 2025, showing growth in revenue and net profit despite a decline in basic earnings per share [1] Group 2 - In the first half of 2025, the company achieved an operating income of 3.006 billion yuan, representing a year-on-year increase of 14.91% [1] - The net profit attributable to shareholders was 1.564 billion yuan, reflecting a year-on-year growth of 9.04% [1] - The basic earnings per share decreased to 0.27 yuan, down 18.18% compared to the previous year [1] Group 3 - The company's total assets reached 156.808 billion yuan by the end of June, indicating steady growth [1] - The scale of leasing assets, including operating leases, was 149.083 billion yuan, with increases of 14.25% and 15.73% respectively since the beginning of the year [1] Group 4 - The quality of assets remained stable, with the non-performing loan ratio of leasing assets at 0.91%, unchanged from the beginning of the year [1]

证券代码：600901 证券简称：江苏金租 公告编号：2025-043 江苏金融租赁股份有限公司 第四届董事会第十二次会议决议公告 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。 江苏金融租赁股份有限公司（以下简称"公司"）第四届董事会第 十二次会议的通知于 2025 年 8 月 5 日以书面形式发出。本次会议于 2025 年 8 月 15 日以现场会议的方式在公司召开。会议应出席董事 11 人，实 际出席董事 11 人。会议由董事长周柏青先生主持。本次会议的召集召 开程序符合《公司法》《公司章程》及《董事会议事规则》等有关规定。 本次会议审议通过了以下议案： 一、关于《2025 年上半年工作总结和下半年经营计划》的议案 表决结果：同意【 11 】票，反对【 0 】票，弃权【 0 】票。 二、关于《2025 年半年度报告及其摘要》的议案 表决结果：同意【 11 】票，反对【 0 】票，弃权【 0 】票。 本议案已经公司第四届审计委员会第七次会议审议通过。 三、关于《对江苏交通控股集团财务有限公司风险持续评估报告》 的议案 表 ...

江苏金租（SH 600901，收盘价：5.84元）8月15日晚间发布半年度业绩报告称，2025年上半年营业收入 约30.06亿元，同比增加14.91%；归属于上市公司股东的净利润约15.64亿元，同比增加9.04%；基本每 股收益0.27元，同比减少18.18%。 （文章来源：每日经济新闻） ...

江苏金融租赁股份有限公司 对江苏交通控股集团财务有限公司 财务公司是经原中国银行业监督管理委员会批准成立的非银行 金融机构，2011 年 12 月 23 日批准开业（银监复〔2011〕594 号）， 同年12 月 26日，取得原中国银监会江苏监管局颁发的金融许可证（金 融许可证编号：L0142H232010001），12 月 27 日在江苏省工商行政管 理局登记成立，注册地址为南京市建邺区江东中路 399 号紫金金融中 心 A2 号楼 1、2、33、34 层，法定代表人杨水明，统一社会信用代 码为 91320000588434220N。 截至 2025 年 6 月 30 日，财务公司注册资本 20.00 亿元人民币， 股权结构如下：江苏交通控股有限公司出资 13.75 亿元人民币、占股 本总额的 68.75%，江苏宁沪高速公路股份有限公司出资 5.00 亿元人 民币、占股本总额的 25%，江苏京沪高速公路有限公司出资 1.25 亿 元人民币、占股本总额的 6.25%。其经营范围包括许可项目：企业集 团财务公司服务（依法须经批准的项目，经相关部门批准后方可开展 经营活动，具体经营项目以审批结果为准）。 二、财务 ...

江苏金融租赁股份有限公司（以下简称"公司"）第四届董事会第 十二次会议的通知于 2025 年 8 月 5 日以书面形式发出。本次会议于 2025 年 8 月 15 日以现场会议的方式在公司召开。会议应出席董事 11 人，实 际出席董事 11 人。会议由董事长周柏青先生主持。本次会议的召集召 开程序符合《公司法》《公司章程》及《董事会议事规则》等有关规定。 本次会议审议通过了以下议案： 一、关于《2025 年上半年工作总结和下半年经营计划》的议案 表决结果：同意【 11 】票，反对【 0 】票，弃权【 0 】票。 二、关于《2025 年半年度报告及其摘要》的议案 表决结果：同意【 11 】票，反对【 0 】票，弃权【 0 】票。 本议案已经公司第四届审计委员会第七次会议审议通过。 三、关于《对江苏交通控股集团财务有限公司风险持续评估报告》 的议案 表决结果：同意【 10 】票，反对【 0 】票，弃权【 0 】票。 关联董事于兰英回避表决。 证券代码：600901 证券简称：江苏金租 公告编号：2025-043 江苏金融租赁股份有限公司 第四届董事会第十二次会议决议公告 本公司董事会及全体董事保证本公告内容不存在 ...