Core Insights - The rural commercial bank sector experienced a rise of 2.83% on September 2, with Chongqing Rural Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Chongqing Rural Commercial Bank (601077) closed at 6.65, up 4.23%, with a trading volume of 1.68 million shares and a transaction value of 1.11 billion [1] - Shanghai Rural Commercial Bank (601825) closed at 60.6, up 3.89%, with a trading volume of 814,600 shares and a transaction value of 734 million [1] - Jiangyin Bank (002807) closed at 4.90, up 2.08%, with a trading volume of 479,800 shares and a transaction value of 233 million [1] - Other notable performances include Zijin Bank (601860) up 1.70%, Changshu Bank (601128) up 1.46%, and Zhangjiagang Bank (002839) up 1.34% [1] Fund Flow Analysis - The rural commercial bank sector saw a net outflow of 6.54 million from institutional investors, while retail investors experienced a net outflow of 102 million [1] - Speculative funds recorded a net inflow of 109 million [1] - Detailed fund flow for Chongqing Rural Commercial Bank shows a net inflow of 11.57 million from institutional investors, but a net outflow of 88.18 million from retail investors [2] - Shanghai Rural Commercial Bank had a net inflow of 14.69 million from institutional investors and a net inflow of 49.14 million from speculative funds [2] - Other banks like Zijin Bank and Su Nong Bank experienced significant net outflows from institutional investors, indicating a mixed sentiment in the sector [2]

Investment Rating - The report maintains a strong buy recommendation for Wuxi Bank [6]. Core Views - Wuxi Bank has shown steady growth in both loans and deposits, with a loan growth rate of 9.76% year-on-year as of Q2 2025, primarily driven by corporate loans [2][4]. - The bank's non-performing loan ratio remains low at 0.78%, with a sufficient provision coverage ratio of 424.87%, ensuring asset quality and sustainability of earnings [2][4]. - Other non-interest income has also seen positive growth, increasing by 3.79% year-on-year, despite a high base from the previous year [3][4]. Summary by Sections 1. Performance - For the first half of 2025, Wuxi Bank reported a revenue growth of 3.44%, PPOP growth of 5.59%, and a net profit growth of 3.52% compared to the same period last year [1][13]. - The bank's total assets reached 272.83 billion, with total loans at 167.54 billion and total deposits at 234.92 billion [13]. 2. Non-Interest Income - The bank's non-interest income grew by 3.79% year-on-year, mainly from investment gains [3][33]. - However, net fee income saw a significant decline of 24.45% year-on-year, attributed to a drop in agency business revenue [3][33]. 3. Interest Margin and Asset Quality - The net interest margin for the first half of 2025 was reported at 1.46%, a slight decrease of 5 basis points from the beginning of the year [2][13]. - The non-performing loan ratio has remained stable at 0.78% for four consecutive quarters, indicating effective risk management [2][4]. 4. Capital and Shareholder Information - The bank's total market capitalization is approximately 13.4 billion, with a current share price of 6.1 yuan [6]. - The return on equity (ROE) stands at 9.4%, reflecting the bank's profitability [6][13].

证券代码：600908 证券简称：无锡银行 公告编号：2025-020 无锡农村商业银行股份有限公司 本公司监事会及全体监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。 无锡农村商业银行股份有限公司（以下简称"公司"）于2025年8月15日向全 体监事发出关于召开第七届监事会第五次会议的通知，会议于2025年8月27日在 无锡农村商业银行（无锡市金融二街9号)1207会议室以现场方式召开，监事长王 峰主持会议，会议应出席监事9名，实际出席监事8名，监事钱小满因事请假，书 面授权委托监事陆相林代为行使表决权。本次会议的召开符合《公司法》等法律 法规和本行《公司章程》的规定，表决所形成决议合法、有效。 会议审议并表决通过了如下议案： 一、关于2025年半年度报告及摘要审核意见的议案 表决结果：赞成9票；反对0票；弃权0票。 监事会认为： 章程和公司内部管理制度的规定； 的内容真实、准确、完整地反映了本公司报告期内的经营管理和财务状况等事项， 赞成9票；反对0票；弃权0票。 四、关于2025年上半年主要风险点的评估报告的议案 赞成9票；反对0票；弃权0 ...

Meeting Information - The shareholders' meeting is scheduled for September 16, 2025, at 13:30 [1] - The meeting will be held at the first conference room on the third floor of Wuxi Rural Commercial Bank [1] - Voting will be conducted through a combination of on-site and online methods [1] Voting Procedures - The online voting system will be the Shanghai Stock Exchange's shareholders' meeting online voting system [1] - Voting will be available from 9:15 to 15:00 on the day of the meeting [1][3] - Shareholders can vote through designated trading securities companies or via the internet voting platform [3][4] Shareholder Rights - Shareholders registered by the close of trading on September 9, 2025, are eligible to attend the meeting [4] - Shareholders can appoint proxies to attend and vote on their behalf [4][5] - Multiple accounts held by a shareholder can be used to cast votes, but only the first vote will be counted for each category of shares [4][6] Meeting Registration - Registration requires valid identification and proof of shareholding [5] - Registration can be done in person or via fax, with original documents required for in-person attendance [5][6] - The registration office is located on the 15th floor of Wuxi Rural Commercial Bank [5] Additional Information - Contact details for the board office are provided for any inquiries [6] - Attendees are responsible for their own travel and accommodation expenses [6]

Core Viewpoint - Wuxi Rural Commercial Bank reported a positive performance in the first half of 2025, with significant growth in total assets, deposits, and loans, while maintaining a strong risk management framework. Company Overview and Key Financial Indicators - The bank's total assets reached CNY 272.83 billion, an increase of 6.24% compared to the end of the previous year [2][3] - Total deposits amounted to CNY 229.84 billion, reflecting an 8.17% growth [2][3] - Total loans stood at CNY 167.54 billion, with a net increase of 6.97% [2][3] - The net profit attributable to shareholders was CNY 1.38 billion, up 3.52% year-on-year [2][3] - The bank's non-performing loan ratio was 0.78%, with a provision coverage ratio of 424.87%, indicating strong risk management capabilities [2][3] Business Operations and Strategy - The bank focuses on high-quality development, emphasizing service to the real economy and supporting small and micro enterprises [3][4] - It has launched various financial products tailored to meet the needs of technology-driven enterprises and small businesses [3][4] - The bank is enhancing its retail banking capabilities, with a focus on consumer loans and mortgage business [3][4] - A significant increase in wealth management products was noted, with a net increase of CNY 3.33 billion in the first half of 2025 [3][4] Risk Management and Compliance - The bank has implemented measures to manage credit, market, liquidity, and operational risks effectively [1][2] - It has conducted thorough risk assessments in key areas such as foreign trade and related party transactions [3][4] - The bank emphasizes compliance with regulatory requirements and has engaged in activities to promote a culture of integrity among its employees [3][4] Financial Performance Metrics - Operating income for the first half of 2025 was CNY 2.65 billion, a 3.44% increase from the previous year [2][3] - The net cash flow from operating activities was CNY 4.68 billion, down 6.64% year-on-year [2][3] - The bank's basic earnings per share increased to CNY 0.62, reflecting a 3.33% growth [2][3] Capital Adequacy and Financial Health - The bank's total liabilities were CNY 248.25 billion, a 6.35% increase from the previous year [2][3] - The capital adequacy ratio stood at 14.35%, with a core tier one capital ratio of 12.09% [2][3] - The bank's leverage ratio was 7.83%, indicating a stable capital structure [2][3]

Core Viewpoint - Wuxi Rural Commercial Bank reported a 6.24% increase in total assets, reaching CNY 272.83 billion, compared to the previous year [1] - The bank's operating income rose by 3.44% to CNY 2.65 billion, while total profit increased by 4.02% to CNY 1.50 billion [1] Financial Performance - Total assets at the end of the reporting period were CNY 272,833,062 thousand, up from CNY 256,801,132 thousand, reflecting a growth of 6.24% [1] - Operating income for the period was CNY 2,645,165 thousand, compared to CNY 2,557,139 thousand in the previous year, marking a 3.44% increase [1] - Total profit amounted to CNY 1,504,857 thousand, an increase of 4.02% from CNY 1,446,711 thousand [1] - Net profit attributable to shareholders was CNY 1,379,266 thousand, up 3.52% from CNY 1,332,364 thousand [1] - Net profit after deducting non-recurring gains and losses was CNY 1,377,353 thousand, a 6.90% increase from CNY 1,288,503 thousand [1] Shareholder Information - The top shareholders include Wuxi Taihu New City Asset Management Co., holding 7.58% with 166,330,635 shares, and Wuxi Xingda Nylon Co., holding 5.06% with 110,984,508 shares [2] - Other significant shareholders include Wuxi Wanxin Machinery Co. with 3.60% and Wuxi Shenwei Chemical Co. with 1.80% [2] - The report indicates that Wuxi Xingda Nylon Co. and Wuxi Shenwei Chemical Co. are controlled by the same actual controller [2]

Core Viewpoint - Wuxi Rural Commercial Bank has proposed amendments to its articles of association, which will be submitted for shareholder approval, reflecting changes in governance and operational guidelines [1]. Summary by Sections Amendments Overview - The board of directors approved the proposal to amend the articles of association during the fifth meeting of the seventh board on August 27, 2025 [1]. - The amendments are based on relevant laws and regulations, including the Company Law and guidelines for listed companies [2]. Key Amendments - Article 8: The legal representative of the bank will be the chairman, who will assume this role upon election by the board [2]. - Article 9: The legal representative's civil activities will bind the bank, and the bank will bear civil liability for damages caused by the representative in the course of their duties [2]. - Article 10: The articles will serve as a binding document for the bank, shareholders, and management, outlining rights and obligations [3]. - Article 15: The bank's operational purpose is to focus on customer service and market orientation while promoting local economic development [3]. - Article 21: The bank's shares will be issued at par value, ensuring equal rights for all shareholders [4]. - Article 26: The bank will not provide financial assistance for purchasing its shares, except for employee stock ownership plans [4]. - Article 30: The bank can repurchase its shares through public trading or other legally recognized methods [5]. - Article 36: The establishment of a party committee within the bank is mandated, with specific roles and responsibilities outlined [8]. Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends proportional to their shareholding and to attend shareholder meetings [9]. - Shareholders can request to inspect the bank's records and financial documents, subject to certain conditions [10]. - The bank's shareholders are obligated to not misuse their rights to harm the bank or other shareholders' interests [16].

证券代码：600908 证券简称：无锡银行 公告编号：2025-019 无锡农村商业银行股份有限公司 表决情况：赞成15票；反对0票；弃权0票。 表决情况：赞成15票；反对0票；弃权0票。 表决情况：赞成15票；反对0票；弃权0票。 表决情况：赞成15票；反对0票；弃权0票。 本行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。 无锡农村商业银行股份有限公司（以下简称"本行"或"公司"）第七 届董事会第五次会议于2025年8月27日下午在无锡农村商业银行（无锡市金融 二街9号）1208会议室召开以现场方式召开，会议通知已于2025年8月15日向 全体董事发出。本次会议由董事长陶畅先生主持，会议应到15人，实到15人， 部分监事及高级管理人员列席。本次会议的召集、召开程序符合《中华人民 共和国公司法》及《无锡农村商业银行股份有限公司章程》的规定。本次会 议审议并表决通过了： 表决情况：赞成15票；反对0票；弃权0票。 请详见本行同日于上海证券交易所网站（www.sse.com.cn）发布的相关 内容。 该议案已经本行董事会审计及消费者权 ...

Group 1 - Hailiang Co., Ltd. achieved a revenue of 44.476 billion yuan, a year-on-year increase of 1.17%, and a net profit of 711 million yuan, a year-on-year increase of 15.03% [1] - Yinfai Storage reported a revenue of 543 million yuan, a year-on-year decrease of 18.97%, and a net profit of 62.347 million yuan, a year-on-year decrease of 20.05% [1] - Huamao Technology achieved a revenue of 1.108 billion yuan, a year-on-year increase of 14.42%, and a net profit of 137 million yuan, a year-on-year increase of 3.21% [2] Group 2 - Postal Savings Bank reported a revenue of 179.446 billion yuan, a year-on-year increase of 1.5%, and a net profit of 49.228 billion yuan, a year-on-year increase of 0.85% [4] - Bright Dairy achieved a revenue of 12.472 billion yuan, a year-on-year decrease of 1.9%, and a net profit of 217 million yuan, a year-on-year decrease of 22.53% [6] - Pianzaihuang reported a revenue of 5.379 billion yuan, a year-on-year decrease of 4.81%, and a net profit of 1.442 billion yuan, a year-on-year decrease of 16.22% [7] Group 3 - Great Wall Motors achieved a revenue of 92.335 billion yuan, a year-on-year increase of 0.99%, and a net profit of 6.337 billion yuan, a year-on-year decrease of 10.21% [9] - Haowei Group reported a revenue of 13.956 billion yuan, a year-on-year increase of 15.42%, and a net profit of 2.028 billion yuan, a year-on-year increase of 48.34% [10] - Batian Co., Ltd. achieved a revenue of 2.543 billion yuan, a year-on-year increase of 63.93%, and a net profit of 456 million yuan, a year-on-year increase of 203.71% [12] Group 4 - Yuxin Technology reported a revenue of 1.415 billion yuan, a year-on-year decrease of 5.01%, and a net profit of 220 million yuan, a year-on-year increase of 35.26% [14] - Zhongti Industry reported a revenue of 787 million yuan, a year-on-year decrease of 25.24%, and a net loss of 24.3955 million yuan [15] - Kemei Diagnostics achieved a revenue of 165 million yuan, a year-on-year decrease of 27.03%, and a net profit of 24.3408 million yuan, a year-on-year decrease of 68.24% [16] Group 5 - Huatai Co., Ltd. reported a revenue of 6.409 billion yuan, a year-on-year decrease of 1.86%, and a net profit of 67.6382 million yuan, a year-on-year decrease of 63.13% [17] - Fudan Fuhua reported a revenue of 326 million yuan, a year-on-year increase of 2.20%, and a net loss of 711.58 million yuan [19] - Haili Co., Ltd. achieved a revenue of 12.426 billion yuan, a year-on-year increase of 13.16%, and a net profit of 333.546 million yuan, a year-on-year increase of 693.76% [21] Group 6 - Xintong New Science reported a revenue of 61.852 million yuan, a year-on-year increase of 8.49%, and a net loss of 30.393 million yuan [22] - Newzhisoft achieved a revenue of 897 million yuan, a year-on-year decrease of 3.40%, and a net profit of 30.3531 million yuan, a year-on-year increase of 42.84% [24] - Maolai Optics reported a revenue of 319 million yuan, a year-on-year increase of 32.26%, and a net profit of 32.7555 million yuan, a year-on-year increase of 110.36% [25] Group 7 - Qianjin Pharmaceutical achieved a revenue of 1.818 billion yuan, a year-on-year decrease of 5.52%, and a net profit of 128 million yuan, a year-on-year increase of 8.50% [28] - Quanfeng Automotive reported a revenue of 1.218 billion yuan, a year-on-year increase of 18.90%, and a net loss of 167 million yuan [29] - Zhongjin Lingnan's application for a specific issuance of A-shares has been accepted by the Shenzhen Stock Exchange [31] Group 8 - Zhonglv Electric achieved a revenue of 2.333 billion yuan, a year-on-year increase of 29.30%, and a net profit of 618 million yuan, a year-on-year increase of 33.06% [33] - Sanhuan Group reported a revenue of 4.149 billion yuan, a year-on-year increase of 21.05%, and a net profit of 1.237 billion yuan, a year-on-year increase of 20.63% [35] - China Energy Construction achieved a revenue of 212.091 billion yuan, a year-on-year increase of 9.18%, and a net profit of 28.02 billion yuan, a year-on-year increase of 0.72% [37] Group 9 - Liou Co., Ltd. reported a revenue of 9.635 billion yuan, a year-on-year decrease of 9.62%, and a net profit of 478 million yuan, turning from a loss to profit [38] - Suzhou Bank achieved a revenue of 6.504 billion yuan, a year-on-year increase of 1.81%, and a net profit of 3.134 billion yuan, a year-on-year increase of 6.15% [40] - Shunxin Agriculture reported a revenue of 4.593 billion yuan, a year-on-year decrease of 19.24%, and a net profit of 173 million yuan, a year-on-year decrease of 59.09% [43] Group 10 - Tongfu Microelectronics achieved a revenue of 13.038 billion yuan, a year-on-year increase of 17.67%, and a net profit of 412 million yuan, a year-on-year increase of 27.72% [44] - Weidao Nano reported a revenue of 1.05 billion yuan, a year-on-year increase of 33.42%, and a net profit of 192 million yuan, a year-on-year increase of 348.95% [44] - ZTE Corporation achieved a revenue of 715.53 billion yuan, a year-on-year increase of 14.51%, and a net profit of 50.58 billion yuan, a year-on-year decrease of 11.77% [46]

Market Overview - On August 29, the rural commercial bank sector declined by 0.23%, with Yunnan Rural Commercial Bank leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Individual Stock Performance - Key stock performances in the rural commercial bank sector included: - Zijin Bank: Closed at 2.98, up 1.71% with a trading volume of 1.1942 million shares and a turnover of 3.56 billion [1] - Wuxi Bank: Closed at 6.10, up 1.50% with a trading volume of 520,700 shares and a turnover of 321 million [1] - Zhangjiagang Bank: Closed at 4.52, up 0.67% with a trading volume of 671,100 shares and a turnover of 304 million [1] - Qingnong Bank: Closed at 3.42, up 0.59% with a trading volume of 661,700 shares and a turnover of 228 million [1] - Jiangyin Bank: Closed at 4.80, up 0.21% with a trading volume of 510,100 shares and a turnover of 247 million [1] - Ruifeng Bank: Closed at 5.61, down 0.18% with a trading volume of 182,100 shares and a turnover of 103 million [1] - Changshu Bank: Closed at 7.52, down 0.27% with a trading volume of 445,800 shares and a turnover of 338 million [1] - Sunong Bank: Closed at 5.29, down 0.38% with a trading volume of 477,800 shares and a turnover of 255 million [1] - Hunan Rural Commercial Bank: Closed at 18.70, down 0.68% with a trading volume of 364,400 shares and a turnover of 320 million [1] - Yunnan Rural Commercial Bank: Closed at 6.29, down 0.79% with a trading volume of 865,600 shares and a turnover of 552 million [1] Capital Flow Analysis - The rural commercial bank sector experienced a net outflow of 13.4605 million from main funds, while speculative funds saw a net inflow of 38.5712 million, and retail investors had a net outflow of 25.1107 million [1] - Detailed capital flow for individual stocks included: - Sunong Bank: Main funds net inflow of 22.3068 million, speculative funds net inflow of 30.55 million, retail net outflow of 22.6123 million [2] - Jiangyin Bank: Main funds net inflow of 7.4654 million, speculative funds net inflow of 73.39 million, retail net outflow of 8.1993 million [2] - Zijin Bank: Main funds net inflow of 7.3454 million, speculative funds net inflow of 819.73 million, retail net outflow of 15.5427 million [2] - Qingnong Bank: Main funds net inflow of 6.0408 million, speculative funds net inflow of 374.38 million, retail net outflow of 9.7846 million [2] - Wuxi Bank: Main funds net inflow of 3.1286 million, speculative funds net inflow of 96.36 million, retail net outflow of 4.0922 million [2] - Ruifeng Bank: Main funds net outflow of 1.3678 million, speculative funds net inflow of 794.01 million, retail net outflow of 6.5722 million [2] - Zhangjiagang Bank: Main funds net outflow of 2.5651 million, speculative funds net inflow of 438.50 million, retail net outflow of 1.8199 million [2] - Hunan Rural Commercial Bank: Main funds net outflow of 7.2508 million, speculative funds net inflow of 596.70 million, retail net inflow of 128.37 million [2] - Changshu Bank: Main funds net outflow of 8.2141 million, speculative funds net inflow of 620.80 million, retail net inflow of 200.61 million [2] - Yunnan Rural Commercial Bank: Main funds net outflow of 40.3497 million, speculative funds net inflow of 12.71 million, retail net inflow of 40.2227 million [2]