Core Viewpoint - Wuxi Rural Commercial Bank has decided to abolish its supervisory board and will implement a mid-term profit distribution plan for 2025, pending regulatory approval [1] Group 1: Supervisory Board Decision - The extraordinary shareholders' meeting approved the proposal to no longer establish a supervisory board, which will take effect after approval from the national financial regulatory authority [1] Group 2: Profit Distribution Plan - The bank proposed a mid-term profit distribution plan for 2025, which will be based on regulatory requirements and the bank's operational performance, with cash dividends not exceeding the net profit attributable to shareholders for the corresponding period [1] - The board of directors has been authorized to formulate and implement the specific mid-term profit distribution plan for 2025, subject to regulatory policies and profit distribution conditions [1]

证券代码：600908 证券简称：无锡银行 公告编号：2025-024 无锡农村商业银行股份有限公司 2025年第一次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 16 日 (二)股东大会召开的地点：无锡市金融二街 9 号无锡农村商业银行三楼第一会议 室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 282 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 962,287,276 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 43.85 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由无锡农村商业银行股份有限公司董事会召集，由董事长陶畅 先生主持，本次会议的召集、召开及表决方式均符合《中华人民共 ...

江苏世纪同仁律师事务所关于 无锡农村商业银行股份有限公司 2025年第一次临时股东大会的 法律意见书 致:无锡农村商业银行股份有限公司 根据《中华人民共和国公司法》等法律、法规和规范性文件以及公司《章程》 的规定,本所受公司的委托,指派本所律师出席公司 2025年第一次临时股东大会, 并就本次股东大会的召集、召开程序、出席会议人员资格、表决程序以及表决结 果的合法有效性等事项出具法律意见书。 为出具本法律意见书,本所律师对本次股东大会所涉及的有关事项进行了审 查,查阅了相关会议文件,并对有关问题进行了必要的核查和验证。 本所律师根据相关法律、法规和规范性文件的要求,按照律师行业公认的业 务标准、道德规范和勤勉尽责精神,出具法律意见如下: 一、关于本次股东大会的召集、召开程序 1.本次股东大会由公司董事会召集。 2025年8月29日,公司在上海证券交易所网站(www.sse.com.cn)和《中国 证券报》《上海证券报》《证券时报》刊登了《无锡农村商业银行股份有限公司关 于召开 2025 年第一次临时股东大会的通知》。 上述会议通知中载明了本次股东大会的召开时间、地点、会议审议事项、会 议出席对象和会议登记方法 ...

Market Overview - The rural commercial bank sector experienced a slight decline of 0.09% on September 16, with Changshu Bank leading the drop [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Zijin Bank (601860) closed at 2.96, up 1.37% with a trading volume of 667,700 shares and a turnover of 197 million yuan [1] - Chongqing Rural Commercial Bank (601077) closed at 6.40, up 0.47% with a trading volume of 1,039,100 shares and a turnover of 664 million yuan [1] - Zhangjiagang Bank (002839) closed at 4.45, up 0.45% with a trading volume of 226,300 shares and a turnover of 101 million yuan [1] - Su Nong Bank (603323) closed at 5.22, up 0.19% with a trading volume of 209,100 shares and a turnover of 109 million yuan [1] - Changshu Bank (601128) closed at 7.39, down 1.73% with a trading volume of 450,000 shares and a turnover of 335 million yuan [1] Capital Flow Analysis - The rural commercial bank sector saw a net inflow of 5.63 million yuan from institutional investors, while retail investors experienced a net outflow of 0.70 million yuan [1] - Major capital flows for Chongqing Rural Commercial Bank showed a net inflow of 73.19 million yuan from institutional investors, but a net outflow of 32.84 million yuan from retail investors [2] - Qingnong Bank (002958) had a net inflow of 8.92 million yuan from retail investors despite a net outflow of 8.54 million yuan from institutional investors [2]

证券之星消息，9月15日农商行板块较上一交易日下跌1.26%，渝农商行领跌。当日上证指数报收于 3860.5，下跌0.26%。深证成指报收于13005.77，上涨0.63%。农商行板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603323 | 苏农银行 | 5.21 | -0.57% | 18.60万 | 9725.06万 | | | 002839 | 张家港行 | 4.43 | -0.67% | 28.54万 | 1.27亿 | | | 600908 | 无锡银行 | 5.94 | -0.83% | 18.67万 | | 1.11亿 | | 601528 | 瑞丰银行 | 5.47 | -0.91% | 11.82万 | 6477.66万 | | | 002958 | 青农商行 | 3.25 | -0.91% | 46.59万 | | 1.51亿 | | 601128 | 常熟银行 | 7.52 | -0.92% | 27.13万 | | 2.05亿 | ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日农商行板块主力资金净流出1.18亿元，游资资金净流入971.85万元，散户资金净 流入1.08亿元。农商行板块个股资金流向见下表： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601528 瑞丰银行 | | -189.46万 | -3.06% | 123.45万 | 2.00% | 66.01万 | 1.07% | | 601825 沪农商行 | | -543.89万 | -3.01% | 426.29万 | 2.36% | 117.60万 | 0.65% | | 601860 | 紫金银行 | -740.49万 | -5.56% | -21.60万 | -0.16% | 762.08万 | 5.72% | | 600908 | 无锡银行 | -831.59万 | - ...

Core Viewpoint - The performance of A-share listed rural commercial banks in the first half of 2025 shows overall profit growth despite a declining net interest margin, with asset quality improving amidst increasing uncertainties [1][9]. Group 1: Financial Performance - All 10 A-share listed rural commercial banks reported year-on-year growth in net profit for the first half of 2025, despite a general decline in net interest margins [1]. - Jiangyin Rural Commercial Bank led the growth with a revenue of 2.401 billion yuan and a net profit of 846 million yuan, representing increases of 10.45% and 16.63% respectively [2]. - Changshu Rural Commercial Bank achieved revenue and net profit growth rates of 10.1% and 13.51%, maintaining a relatively high net interest margin of 2.58% [2]. Group 2: Net Interest Margin Trends - The net interest margin for several banks has shown a slowing decline, with some banks like Ruifeng Rural Commercial Bank experiencing a minimal drop of only 0.08 percentage points [4]. - Chongqing Rural Commercial Bank had the smallest decline in net interest margin, reducing by just 0.03 percentage points, while still achieving a 5.98% increase in interest income [4]. - However, banks like Zhangjiagang and Suzhou Rural Commercial Banks faced larger declines in net interest margins, with drops of 0.19 and 0.16 percentage points respectively [5]. Group 3: Asset Quality Improvement - The non-performing loan (NPL) ratio for rural commercial banks improved overall, with the average NPL ratio at 2.77%, a decrease of 0.03 percentage points from the end of 2024 [9]. - Qingdao Rural Commercial Bank showed the most significant improvement, with its NPL ratio decreasing by 0.04 percentage points to 1.75% [10]. - Despite improvements, challenges remain in retail loan quality, with some banks experiencing rising NPL ratios in specific sectors [11]. Group 4: Strategic Adjustments - Banks are adjusting their business structures and pricing strategies to mitigate the impact of declining net interest margins, with Chongqing Rural Commercial Bank effectively managing interest costs [6][7]. - The focus on enhancing non-interest income has been a key strategy, with banks like Changshu Rural Commercial Bank integrating financial and non-financial services to strengthen their competitive edge [7]. - Digital tools and data analytics are being utilized by banks to enhance customer targeting and service delivery, particularly in small and micro-business financing [12][13].

Core Insights - The agricultural commercial bank sector experienced a rise of 0.58% on September 10, with Yunnan Agricultural Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Yunnan Agricultural Commercial Bank (601077) closed at 6.66, with an increase of 1.83% and a trading volume of 1.061 million shares, amounting to 702 million yuan [1] - Jiangyin Bank (002807) closed at 4.92, up 1.44%, with a trading volume of 435,400 shares and a turnover of 213 million yuan [1] - Zijin Bank (601860) closed at 2.96, up 1.37%, with a trading volume of 570,400 shares and a turnover of 168 million yuan [1] - Other notable performances include Zhangjiagang Bank (002839) at 4.48 (+0.90%), and Wuxi Bank (600908) at 6.08 (+0.83%) [1] Capital Flow - The agricultural commercial bank sector saw a net outflow of 34.71 million yuan from institutional investors, while retail investors contributed a net inflow of 51.18 million yuan [1] - The detailed capital flow for individual stocks indicates that Changshu Bank (601128) had a net inflow of 20.62 million yuan from institutional investors, while it faced a net outflow of 15.01 million yuan from retail investors [2] - Yunnan Agricultural Commercial Bank (601077) experienced a significant net outflow of 42.29 million yuan from institutional investors, despite a retail net inflow of 36.90 million yuan [2]

Group 1 - The agricultural commercial bank sector increased by 0.54% on September 9, with Wuxi Bank leading the gains [1] - The Shanghai Composite Index closed at 3807.29, down 0.51%, while the Shenzhen Component Index closed at 12510.6, down 1.23% [1] - Key stocks in the agricultural commercial bank sector showed varied performance, with Wuxi Bank closing at 6.03, up 1.52%, and Jiangyin Bank at 4.85, up 1.46% [1] Group 2 - The net inflow of main funds in the agricultural commercial bank sector was 31.1973 million yuan, while retail funds saw a net inflow of 6.7652 million yuan [1] - The table of fund flows indicates that Jiangyin Bank had a main fund net outflow of 14.0547 million yuan, while Su Nong Bank had a net inflow of 10.0922 million yuan [2] - Overall, retail investors showed a mixed response, with some banks like Zhangjiagang Bank and Yunnan Agricultural Bank experiencing significant retail net inflows [2]

Investment Rating - The report maintains an "Increase" rating for the banking sector, indicating a positive outlook for the industry [1]. Core Insights - In the first half of 2025, the contribution of financial asset disposal gains from AC and OCI accounts to revenue reached 5.2%, an increase of 2.9 percentage points compared to 2024 [1][2]. - The investment income growth rate for 42 listed banks was 23.6%, with AC, OCI, and TPL gains showing year-on-year growth rates of 134.7%, 79.0%, and -8.4% respectively [1]. - The report highlights that the increase in disposal gains does not necessarily indicate a significant increase in asset disposal scale, as market conditions and strategies vary among banks [2]. Financial Asset Disposal Gains - The contribution of AC and OCI financial asset disposal gains to revenue was 5.2%, up 2.9 percentage points from 2024, with AC asset disposal gains contributing 2.6% [2]. - Among different types of banks, rural commercial banks had the highest contribution from AC and OCI disposal gains, reaching 11.0%, an increase of 6.2 percentage points from 2024 [2]. - Specific banks such as Jiangyin Bank, Sunong Bank, and Zijin Bank had high disposal gain ratios relative to their revenue, at 28.9%, 26.7%, and 22.7% respectively [2]. OCI Floating Profit Situation - The overall OCI floating profit decreased compared to the end of the previous year, accounting for 12.6% of the estimated profit for 2025 [3]. - Major state-owned banks like CCB and ABC reported significant OCI floating profits, with balances exceeding 30 billion [3]. - The average contribution of OCI floating profits to profits for city and rural commercial banks was notably high, with Ningbo Bank's ratio reaching 35% [3][6]. Sector Trends - The banking sector is expected to benefit from expansionary policies aimed at stabilizing the economy, with a focus on real estate and consumer spending [7]. - The report suggests a focus on banks with improving fundamentals, such as Ningbo Bank, and those with dividend strategies like Jiangsu Bank and Chengdu Bank [7]. - Attention is also drawn to banks with potential convertible bond conversion expectations, including Shanghai Bank and Industrial Bank [7].