Core Insights - Jiangsu Jinzu (600901) reported a revenue of 1.544 billion yuan in the first quarter of 2025, representing a year-on-year growth of 20.47% [1] - The net profit for the same period was 772 million yuan, showing a year-on-year increase of 8.41% [1] Financial Performance - Revenue for Q1 2025: 1.544 billion yuan, up 20.47% year-on-year [1] - Net profit for Q1 2025: 772 million yuan, up 8.41% year-on-year [1]

Core Viewpoint - Jiangsu Jinzu (600901) has signed a three-year financial cooperation agreement with Jiangsu Transportation Holding Group Financial Co., Ltd, which includes specific deposit and credit arrangements [1] Summary by Relevant Sections - **Financial Cooperation Agreement**: The agreement allows Jiangsu Jinzu to maintain a maximum daily deposit balance of RMB 1.5 billion with Jiangsu Transportation Holding's financial unit [1] - **Credit Limits**: Jiangsu Jinzu provides a credit limit of up to RMB 640 million to Jiangsu Transportation Holding, while receiving a credit limit of up to RMB 1 billion from them [1] - **Interest Rates**: The specific interbank borrowing rates will be determined by both parties based on market prices [1] - **Shareholder Approval**: This matter requires approval from the company's shareholders' meeting [1]

关于 2025 年金融债券（第二期）发行完毕的公告 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。 经中国人民银行批准，江苏金融租赁股份有限公司近日在全国银 行间债券市场成功发行"江苏金融租赁股份有限公司 2025 年金融债 券（第二期）"（以下简称"本期债券"）。 证券代码：600901 证券简称：江苏金租 公告编号：2025-019 特此公告。 江苏金融租赁股份有限公司 本期债券于 2025 年 4 月 18 日簿记完成，并于 2025 年 4 月 22 日 缴款完毕，发行规模为人民币 20 亿元，品种为 3 年期固定利率，票 面利率为 1.85%。 本期债券的募集资金将用于支持公司融资租赁业务发展，有利于 进一步优化公司负债结构。 江苏金融租赁股份有限公司董事会 2025 年 4 月 23 日 ...

近日，江苏金融租赁股份有限公司（以下简称"公司"）收到 《江苏金融监管局关于张春彪江苏金租董事任职资格的批复》 （苏金复〔2025〕129 号）。国家金融监督管理总局江苏监管局 已核准张春彪先生担任公司董事的任职资格。 张春彪先生的简历详见公司于 2025 年 1 月 15 日在上海证券 交易所网站（www.sse.com.cn）披露的《江苏金融租赁股份有限 公司第四届董事会第十次会议决议公告》。 证券代码：600901 证券简称：江苏金租 公告编号：2025-020 江苏金融租赁股份有限公司 关于董事任职资格获监管机构核准的公告 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。 特此公告。 江苏金融租赁股份有限公司董事会 2025 年 4 月 23 日 ...

Core Insights - The financial leasing industry in 2024 shows significant performance disparities among companies, with leading firms achieving double-digit growth in asset scale and over 50% increase in net profit, while smaller firms struggle due to high financing costs and resource limitations [1][4] Group 1: Performance of Leading Companies - The ranking of top financial leasing companies has changed, with China Everbright Leasing taking the lead in asset scale at 443.6 billion yuan, followed by ICBC Financial Leasing and Guoyin Financial Leasing [2] - China Everbright Leasing reported a revenue of 32.172 billion yuan, up 9.69%, and a net profit of 4.367 billion yuan, up 9.02%, attributed to its focus on shipping and aviation finance [2] - ICBC Financial Leasing saw a significant increase in net profit to 2.479 billion yuan, a growth of over 220%, due to its expansion in aviation, shipping, and energy sectors [3] Group 2: Performance of Smaller Companies - Smaller financial leasing companies are finding unique opportunities by focusing on policy-driven sectors and small-scale equipment leasing for micro-enterprises, achieving notable growth despite overall industry challenges [1][4] - Jianxin Financial Leasing reported an asset scale of 182.15 billion yuan, with a net profit increase of over 60% [4] - Yongying Financial Leasing, under Ningbo Bank, achieved an asset scale of 130.1 billion yuan and a net profit growth of over 20%, focusing on micro-leasing and smart manufacturing [5] Group 3: Industry Trends and Challenges - The financial leasing industry is transitioning from rapid growth to stable development, with increasing competition and regulatory pressures leading to a more differentiated market landscape [6] - Larger financial leasing companies leverage their parent company's financial strength to engage in capital-intensive sectors like aviation and shipping, while smaller firms target infrastructure and renewable energy [6][7] - Regulatory bodies are encouraging financial leasing companies to innovate products and services that align with regional development goals, enhancing their role in local infrastructure projects [9]

江苏金融租赁股份有限公司 关于完成工商变更登记并换领《营业执照》的公告 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。 2025年4月9日，江苏金融租赁股份有限公司（以下简称"公司"） 办理完成了法定代表人、注册资本、经营范围变更登记，并取得了江 苏省市场监督管理局换发的《营业执照》，变更后的登记信息如下： 证券代码：600901 证券简称：江苏金租 公告编号：2025-018 统一社会信用代码：913200001347585460； 类型：股份有限公司（中外合资、上市）； 成立日期：1988年04月23日； 法定代表人：周柏青； 住所：南京市建邺区嘉陵江东街99号金融城1号楼8-9、11-19、 25-33层； 经营范围：融资租赁业务：转让和受让融资租赁资产；固定收益 类证券投资业务；接受承租人的租赁保证金；吸收非银行股东3个月 （含）以上定期存款；同业拆借；向金融机构借款；境外借款；租赁 1 物变卖及处理业务；经济咨询；银监会批准的其他业务。许可项目： 金融租赁服务（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 ...

被担保人名称：汇隽（天津）航运租赁有限公司（以下简称"汇 隽租赁"），为江苏金融租赁股份有限公司（以下简称"公司"）在 境内保税地区设立的全资项目公司。 本次担保金额及已实际为其提供的担保余额：本次担保金额为 14,600,000 美元；截至公告披露日，公司实际为其提供的担保余额为 17,530,000 美元（含本次）。 本次担保是否有反担保：否 关于为项目公司提供担保的公告 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： 证券代码：600901 证券简称：江苏金租 公告编号：2025-017 对外担保逾期的累计数量：无 江苏金融租赁股份有限公司 1 江苏监管局批准后，为开展跨境船舶租赁业务而在境内保税地区设 立的全资项目公司。 （二）本次担保事项履行的内部决策程序 公司分别于 2024 年 4 月 26 日、2024 年 5 月 24 日召开了第四届 董事会第三次会议、2023 年年度股东大会，审议通过了《关于 2024 年度对境内保税地区项目公司预计担保额度的议案》，同意为在境内 保税地区设立的项目公司对 ...

江苏金融租赁股份有限公司 关于董事长任职资格获监管机构核准的公告 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。 近日，江苏金融租赁股份有限公司（以下简称"公司"）收到 《江苏金融监管局关于周柏青江苏金租董事长任职资格的批复》 （苏金复〔2025〕107 号）。国家金融监督管理总局江苏监管局 已核准周柏青先生担任公司董事长的任职资格。 周柏青先生的简历详见公司于 2025 年 1 月 15 日在上海证券 交易所网站（www.sse.com.cn）披露的《江苏金融租赁股份有限 公司第四届董事会第十次会议决议公告》。 证券代码：600901 证券简称：江苏金租 公告编号：2025-016 特此公告。 江苏金融租赁股份有限公司董事会 2025 年 3 月 29 日 ...

证券代码：600901 证券简称：江苏金租 公告编号：2025-015 江苏金融租赁股份有限公司 关于为项目公司提供担保的公告 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： 被担保人名称：汇腾（天津）航运租赁有限公司（以下简称"汇 腾租赁"）、汇容（天津）航运租赁有限公司（以下简称"汇容租赁"）， 为江苏金融租赁股份有限公司（以下简称"公司"）在境内保税地区 设立的全资项目公司。 | 序号 | 被担保人 | 本次担保额度 | | 累计担保额度 | | --- | --- | --- | --- | --- | | | | | | （含本次） | | 1 | 汇腾租赁 | 10,400,000 | 美元 | 10,400,000 美元 | | 2 | 汇容租赁 | 14,969,532 | 美元 | 17,899,532 美元 | 本次担保金额及已实际为其提供的担保余额： 本次担保是否有反担保：否 对外担保逾期的累计数量：无 汇腾租赁、汇容租赁是本公司经原中国银保监会江苏监管局批 准后，为开展跨境船舶租赁业务 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report emphasizes the expansion of market hotspots towards cyclical industries such as large consumption and finance, highlighting opportunities in the non-bank financial sector. The market's trading activity remains high, and with low investment returns as a baseline, it is expected that brokerage firms will see significant year-on-year growth in Q1 performance. The report maintains a positive outlook on brokerage and fintech sectors, while the insurance sector shows stable liabilities and potential for equity beta catalysts [5][11]. Summary by Sections 1. Capital Market Support for Technological Innovation - The central bank's recent meeting emphasized the implementation of a moderately loose monetary policy, with potential interest rate cuts. Following this, the non-bank financial sector saw a notable increase of 3.97% on March 14. The report suggests that the brokerage sector is likely to experience high growth in Q1 due to increased trading volumes and a favorable investment environment [5][11]. 2. Market Review - During the trading days from March 10 to March 14, the non-bank sector outperformed the CSI 300 index, with a gain of 3.15%. Notably, brokerage firms and insurance companies increased by 2.86% and 4.29%, respectively. Key stocks such as New China Life and China Pacific Insurance saw significant increases of 11.2% and 5.7% [16][17]. 3. Data Tracking - The average daily trading volume for stock-based funds was 1.92 trillion yuan, a decrease of 3% week-on-week but an increase of 65% year-on-year. The report also notes a significant increase in the issuance of public funds, with 167 new stock and mixed funds issued in 2025, totaling 883 billion yuan, which is a 111% year-on-year increase [20][21]. 4. Industry and Company News - The report highlights the upcoming public fund reform plan, which is expected to introduce significant new regulations affecting the 32 trillion yuan public fund market. Key changes include a shift towards long-term performance assessments for fund managers and adjustments to fee structures [31]. Additionally, the report mentions the release of regulatory guidelines for the bankruptcy restructuring of listed companies [32]. 5. Recommended and Beneficiary Stocks - The report recommends stocks such as Hong Kong Exchanges, Dongfang Securities, and China Life Insurance, while also identifying beneficiary stocks including Nine Point Investment Holdings and China Galaxy Securities [14].