证券之星消息，11月3日农商行板块较上一交易日上涨1.58%，渝农商行领涨。当日上证指数报收于 3976.52，上涨0.55%。深证成指报收于13404.06，上涨0.19%。农商行板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601077 | 渝农商行 | 1337.54万 | 2.42% | 5130.09万 | 9.27% | -6467.63万 | -11.69% | | 601825 沪农商行 | | 953.53万 | 7.41% | -863.18万 | -6.71% | -90.35万 | -0.70% | | 002958 青农商行 | | 376.27万 | 2.76% | -885.53万 | -6.50% | - 509.26万 | 3.74% | | 002807 江阴银行 | | 246.76万 | 0.65% | -505.82万 | -1.33% | 259.06 ...

| | | | 上市银行2024年至2025年度信息披露工作评价结果 | | | --- | --- | --- | --- | --- | | 序号 | 证券代码 | 证券简称 | 考评结果 | 变动方向 | | 1 | 000001.SZ | 平安银行 | A | 不变 | | 2 | 001227.SZ | 兰州银行 | B | 不变 | | 3 | 002142.SZ | 宁波银行 | A | 不变 | | 4 | 002807.SZ | 江阴银行 | B | 不变 | | 5 | 002839.SZ | 张家港行 | A | 开 38 | | 6 | 002936.SZ | 郑州银行 | B | 不要 | | 7 | 002948.SZ | 青岛银行 | A | 不变 | | 8 | 002958.SZ | 青农商行 | B | 不变 | | 9 | 002966.SZ | 苏州银行 | A | 不变 | | 10 | 600000.SH | 浦发银行 | A | 不变 | | 11 | 600015.SH | 卡夏银行 | A | 开学级 | | 12 | 600016.SH | 民生银行 | B ...

截至9月30日，无锡银行股东户数3.71万，较上期减少3.64%；人均流通股53857股，较上期增加3.77%。 2025年1月-9月，无锡银行实现营业收入0.00元；归母净利润18.33亿元，同比增长3.78%。 11月3日，无锡银行盘中上涨2.14%，截至10:56，报6.20元/股，成交9567.28万元，换手率0.78%，总市 值136.07亿元。 资金流向方面，主力资金净流出422.85万元，特大单买入341.97万元，占比3.57%，卖出0.00元，占比 0.00%；大单买入1260.82万元，占比13.18%，卖出2025.63万元，占比21.17%。 无锡银行今年以来股价涨8.96%，近5个交易日涨0.32%，近20日涨5.44%，近60日涨2.65%。 资料显示，无锡农村商业银行股份有限公司位于江苏省无锡市金融二街9号，成立日期2005年6月21日， 上市日期2016年9月23日，公司主营业务涉及公司金融业务、个人金融业务、资金业务及其他。主营业 务收入构成为：公司业务44.12%，个人业务32.00%，资金业务19.92%，其他3.96%。 无锡银行所属申万行业为：银行-农商行Ⅱ-农商行Ⅲ ...

随着A股上市银行2025年三季报披露完毕，股东结构变化也随之曝光。 经历去年以来的银行股强势行情后，A股上市银行板块在今年三季度大幅回调，单季度整体最大跌幅超 过13%。但同时，作为长线资金的代表，保险资金继续增持银行股。 数据显示，三季度共有6家险企新进6家A股上市银行前十大股东序列。此外，此前已进入上市银行前十 大股东的多家险企三季度继续增持，提升持股比例，甚至争取董事席位。 据券商中国记者不完全统计，截至9月末，已有12家上市银行的前十大股东名单中出现至少两家险资。 其中，浙商银行云集4家险资股东以自有资金入股。 新进十大股东 10月30日，工商银行披露2025年第三季度报告显示，"中国人寿保险股份有限公司-传统-普通保险产 品"于三季度新进该行前十大股东，至9月末持有7.57亿股，持股比例为0.21%。 无锡银行、南京银行、常熟银行的前十大股东名单也在三季度分别迎来新的险资身影。 其中，除工商银行外，"中国人寿保险股份有限公司-传统-普通保险产品"还在三季度新进南京银行前十 大股东序列。截至9月末，其持股数量约2.568亿股，持股比例为2.08%。 利安人寿也在三季度新进无锡银行前十大股东序列，至9月 ...

Core Insights - The rural commercial bank sector experienced a slight increase of 0.03% on October 30, with Changshu Bank leading the gains [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Changshu Bank (601128) closed at 7.04, up 1.73% with a trading volume of 1,123,500 shares and a transaction value of 800 million yuan [1] - Other notable performances include: - Yunnan Rural Commercial Bank (601077) at 6.88, up 0.29% [1] - Wuxi Bank (600908) at 6.06, up 0.17% [1] - Jiangyin Bank (002807) at 4.79, down 0.21% [1] - Shanghai Rural Commercial Bank (601825) at 8.49, down 0.35% [1] Capital Flow - The rural commercial bank sector saw a net outflow of 21.47 million yuan from institutional investors, while retail investors contributed a net inflow of 18.53 million yuan [1] - Specific capital flows for selected banks include: - Jiangyin Bank (002807) with a net outflow of 29.87 million yuan from institutional investors [2] - Yunnan Rural Commercial Bank (601077) with a net inflow of 19.57 million yuan from institutional investors [2] - Shanghai Rural Commercial Bank (601825) with a significant net outflow of 23.35 million yuan from institutional investors [2]

Group 1: Coal Industry Insights - In Q3 2025, the proportion of coal stocks in actively managed funds decreased to 0.30%, indicating a low level of investment in the coal sector, which is at its lowest since 2008 [4][5][6] - Coal prices have been recovering, with the price of thermal coal reaching 770 RMB/ton by October 24, 2025, marking a new high for the year [6] - The coal mining industry is expected to maintain upward price trends due to seasonal demand and supply constraints from production regulations, with long-term price increases driven by rising operational costs and regulatory pressures [6] Group 2: Easy Point Technology - In Q3 2025, Easy Point Technology reported a revenue of 9.8 billion RMB, a year-on-year increase of 46.8%, driven by the growth of its programmatic advertising platform [10] - The company’s gross margin decreased to 13.06%, primarily due to rising traffic acquisition costs and increased R&D and sales expenses [10][11] - The programmatic advertising platform has seen significant growth, with daily ad requests reaching 220 billion, and the company is investing heavily in R&D to enhance its service capabilities [11][12] Group 3: Amway Corporation - Amway reported a revenue of 16.79 billion RMB in the first three quarters of 2025, a year-on-year decrease of 6.8%, with net profit declining by 19.2% [14][15] - The company is optimizing its product structure and expanding into emerging markets, with a focus on maintaining strong relationships with global clients like Nike and Adidas [17] - Despite challenges, Amway is seeing improvements in its operational performance, particularly in its Vietnam operations [16][18] Group 4: Nanjing Bank - Nanjing Bank achieved a revenue of 419.49 billion RMB in Q3 2025, reflecting an 8.79% year-on-year growth, with net profit increasing by 8.06% [19][20] - The bank's total assets reached 2.96 trillion RMB, a 14.31% increase from the previous year, with a notable growth in corporate loans [20] - The bank's non-performing loan ratio improved to 0.83%, indicating a strengthening of its asset quality [21] Group 5: Linglong Tire - Linglong Tire reported a revenue of 181.61 billion RMB in the first three quarters of 2025, a 13.87% increase, although net profit fell by 31.81% due to rising raw material costs [22][24] - The company’s tire production and sales volumes increased, with a focus on expanding its global footprint through its "7+5" strategy [27][28] - Linglong Tire is positioned as a leader in the domestic market and is actively pursuing international expansion, including a significant investment in Brazil [27][29] Group 6: Wuxi Bank - Wuxi Bank's revenue grew by 3.87% year-on-year in the first three quarters of 2025, with a net profit increase of 3.78% [30][31] - The bank's loan growth exceeded 10%, with a significant increase in corporate loans, indicating strong demand for financing [31] - The non-performing loan ratio remained stable at 0.78%, reflecting effective risk management practices [32] Group 7: China Aluminum - China Aluminum reported a revenue of 1,765 billion RMB in the first three quarters of 2025, with a net profit increase of 20.65% [33][34] - The company benefited from lower costs and rising prices for aluminum and alumina, contributing to improved profitability [34][35] - Production volumes for key products increased, supporting the overall positive performance of the company [34] Group 8: Jin Zai Food - Jin Zai Food achieved a revenue of 18.08 billion RMB in the first three quarters of 2025, with a slight increase of 2.05%, while net profit declined by 19.51% [37][38] - The company’s Q3 revenue growth of 6.55% indicates a recovery in its core product lines, although profitability remains under pressure due to increased costs [38][39] - Jin Zai Food is focusing on quality and new product development to enhance its market position [39] Group 9: China Coal Energy - China Coal Energy reported a revenue of 1,105.8 billion RMB in the first three quarters of 2025, a decrease of 21.2%, with net profit down by 14.6% [40][41] - The company’s Q3 performance improved due to rising coal prices and cost reductions, with a notable increase in profit margins [41] - The coal production and sales volumes showed resilience despite price pressures, indicating operational efficiency [41]

Core Viewpoint - Wuxi Bank reported a year-on-year increase in revenue and net profit for the first three quarters of 2025, but experienced significant quarter-on-quarter declines in both revenue and net profit in Q3 2025, indicating short-term pressure on profitability [2][3]. Financial Performance - For the first three quarters of 2025, Wuxi Bank achieved operating income of 3.765 billion yuan, up 3.87% year-on-year, and net profit attributable to shareholders of 1.833 billion yuan, up 3.78% year-on-year [3]. - In Q3 2025, the bank's operating income was 1.12 billion yuan, down 13.48% quarter-on-quarter, and net profit was 455 million yuan, down 40.35% quarter-on-quarter [3]. - Interest income for Q3 2025 was 834 million yuan, down 5.8% quarter-on-quarter, while non-interest income fell by 30% to 286 million yuan, significantly impacting quarterly revenue [3]. Investment Income - Wuxi Bank's investment income in Q3 2025 was 258 million yuan, a 31% decrease from 373 million yuan in Q2 2025, with negative fair value changes leading to a loss of 6.935 million yuan in Q3 [3][4]. Asset Quality - As of the end of Q3 2025, Wuxi Bank's total assets reached 277.411 billion yuan, a 1.7% increase from the end of Q2 2025 [4]. - The non-performing loan ratio remained stable at 0.78%, while the proportion of classified loans increased, indicating potential concerns regarding asset quality [4]. Dividend Policy - Wuxi Bank announced its first mid-term dividend plan, proposing a cash dividend of 0.11 yuan per share, amounting to 241 million yuan, which represents 17.5% of the net profit attributable to shareholders for the first half of 2025 [6][7]. - The bank's dividend payout ratio is lower compared to other listed banks, leading to some shareholder dissent regarding the dividend policy [7][8].

Core Points - The rural commercial bank sector experienced a decline of 1.59% on October 29, with Jiangyin Bank leading the drop [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Group 1: Stock Performance - Ruifeng Bank (601528) closed at 5.51 with no change in price [1] - Qingnong Commercial Bank (002958) closed at 3.21, down 0.93% [1] - Changshu Bank (601128) closed at 6.92, down 1.14% [1] - Sunong Bank (603323) closed at 5.17, down 1.34% [1] - Zijin Bank (601860) closed at 2.87, down 1.37% [1] - Yunnan Agricultural Commercial Bank (601077) closed at 6.86, down 1.44% [1] - Wuxi Bank (600908) closed at 6.05, down 1.47% [1] - Zhangjiagang Bank (002839) closed at 4.42, down 1.56% [1] - Shanghai Agricultural Commercial Bank (601825) closed at 8.52, down 2.07% [1] - Jiangyin Bank (002807) closed at 4.80, down 2.83% [1] Group 2: Capital Flow - The rural commercial bank sector saw a net inflow of 78.64 million yuan from main funds, while retail funds experienced a net outflow of 10.52 million yuan [2] - Speculative funds had a net outflow of 68.12 million yuan [2]

国海证券研报指出，无锡银行2025Q1-Q3营收同比增长3.87%，归母净利润同比增长3.78%，均较2025年 上半年提升。Q3营收、归母净利润同比增速环比稳步提升。公司存贷款同比增速在10%以上，公布中 期分红方案（分红比例17.5%），维持公司"买入"评级。非息收入贡献较多，2025Q1-Q3手续费净收入 同比降幅较上半年收窄，其他非息收入同比+11.5%。存贷款同比增速在10%以上，对公贷款净增额为 2024年同期两倍。此外，不良率环比平稳，拨备覆盖率环比略升。 ...

Investment Rating - The report maintains a "Buy" rating for Wuxi Bank [1][16]. Core Views - Wuxi Bank's revenue and net profit growth rates are steadily improving, with a year-on-year revenue growth of 3.87% and a net profit growth of 3.78% for the first three quarters of 2025, showing an increase compared to the first half of 2025 [5]. - The bank's loan and deposit growth rates are both above 10%, with a significant increase in corporate loans, which doubled compared to the same period in 2024 [5]. - The non-performing loan ratio remains stable at 0.78%, with a slight increase in the provision coverage ratio to 427.87% [5]. Summary by Sections Recent Performance - In Q3 2025, Wuxi Bank's revenue grew by 4.9% year-on-year, and net profit increased by 4.6%, both showing improvements from Q2 2025 [5]. - The bank's total market capitalization is approximately 13,475.35 million yuan, with a current share price of 6.14 yuan [4]. Financial Projections - Revenue projections for 2025-2027 are 51 billion, 55 billion, and 59 billion yuan, with year-on-year growth rates of 8.47%, 7.01%, and 8.36% respectively [5]. - Net profit forecasts for the same period are 24 billion, 25 billion, and 27 billion yuan, with growth rates of 5.52%, 6.39%, and 6.54% respectively [5]. Valuation Metrics - The report provides a P/E ratio forecast of 5.92 for 2025, decreasing to 5.19 by 2027, and a P/B ratio forecast of 0.58 for 2025, decreasing to 0.48 by 2027 [6][16]. - The bank's earnings per share (EPS) are projected to be 1.04, 1.11, and 1.18 yuan for 2025, 2026, and 2027 respectively [6][16].