股票研究 /[Table_Date] 2026.01.23 票 研 究 主动基金环比持平，被动基金增持 [Table_Industry] 商业银行 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 马婷婷(分析师) | 021-23185608 | matingting@gtht.com | S0880525100001 | | 陈惠琴(分析师) | 021-38676666 | chenhuiqin@gtht.com | S0880525100003 | 本报告导读： 25Q4 主动基金对银行持仓比例环比持平于 1.9%，被动基金持仓比例环比+1.6pct 至 7.0%，其中宁波银行、兴业银行、中国银行、建设银行等获主动基金增配。 25Q4 基金对银行持仓点评 投资要点： [Table_Summary] 2025 年四季度基金重仓持股情况披露（主动基金包括普通股票型、 偏股混合型、灵活配置型，被动基金包括被动指数型、指数增强型）： [Table_Report] 相关报告 商业银行《国有大行投放力度较大，不良压力或 企稳》20 ...

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report provides a comprehensive analysis of 127 regional banks in Jiangsu Province, highlighting their asset and liability structures, profitability, and asset quality [6][18] - Jiangsu's regional banks have shown a significant increase in asset growth, with major city commercial banks growing at 19.4%, surpassing the growth of listed city commercial banks at 14.2% [24][26] - The report indicates that the loan-to-asset ratio for city commercial banks is projected to reach 48.4% in 2024, reflecting a gradual increase in lending activities [30] - Jiangsu's regional banks exhibit better return on assets (ROA) compared to listed banks, with city commercial banks outperforming by 16 basis points and rural commercial banks by 9 basis points [6][42] - The asset quality of Jiangsu's regional banks is superior to that of listed banks, with lower non-performing loan ratios and higher provision coverage ratios [6][42] Summary by Sections 1. Economic Structure of Jiangsu Province - Jiangsu Province is focusing on new industrialization and strategic emerging industries, with significant contributions from cities like Nanjing and Suzhou [13][14] 2. Overview of 127 Regional Banks in Jiangsu - The report categorizes the banks into city commercial banks, rural commercial banks, and others, with a total of 127 banks established between 2006 and 2015 [18][20] 3. Asset/Liability Structure - The asset growth of major city commercial banks is accelerating, while rural commercial banks are experiencing a decline in growth rates [24][26] - The loan-to-asset ratio for city commercial banks is expected to increase to 48.4% by 2024, indicating a shift towards more lending [30] 4. Profitability - Jiangsu's regional banks have a higher ROA compared to listed banks, with city commercial banks showing a 16 basis point advantage [6][42] 5. Asset Quality/Capital Levels - Jiangsu's regional banks maintain a lower non-performing loan ratio compared to listed banks, with city commercial banks having a 30 basis point lower ratio [6][42]

深入服务实体经济持续推进客群经营 杭州银行以客户为中心，持续构筑差异化、多元化的竞争壁垒，扎实做好金融"五篇大文章"，积极服务 实体经济。其中，公司金融聚焦九大客群，坚定服务实体经济，制造业、科技、绿色贷款余额分别较上 年末增长22.25%、23.44%、22.75%；零售金融持续推进"五位一体"战略，完善升级"幸福金桂"财富品 牌，零售客户总资产(AUM)较上年末增长15.73%；小微金融深化"两个延伸"战略，继续加大普惠支持力 度，提升客户服务能力，普惠型小微企业贷款余额较上年末增长17.06%。 2026年1月23日晚间，杭州银行（600926）发布2025年度业绩快报。数据显示，2025年杭州银行实现营 业收入387.99亿元，同比增长1.09%；实现归属于上市公司股东的净利润190.30亿元，同比增长 12.05%；总资产突破2.3万亿元，较上年末增长11.96%。在复杂多变的经济形势下，杭州银行展现出稳 健的经营韧性，盈利能力、资产质量、风险抵补能力在上市银行中位列前列。 作为扎根杭州、深耕浙江、辐射长三角的城商行，2025年杭州银行围绕"从严治行、服务客户、转型发 展"主题主线，以客户为中心、以 ...

人民财讯1月23日电，杭州银行（600926）1月23日发布2025年度业绩快报，2025年公司实现营业收入 387.99亿元，同比增长1.09%；归属于上市公司股东的净利润190.3亿元，同比增长12.05%。截至2025年 末，公司不良贷款率0.76%，与上年末持平；拨备覆盖率502.24%，拨备水平保持充足。 ...

Core Viewpoint - Hangzhou Bank reported a steady growth in its financial performance for the year 2025, with significant increases in net interest income and net profit, indicating a positive trend in its operational efficiency and profitability [1] Financial Performance - The bank achieved an operating income of 38.799 billion yuan, a year-on-year increase of 1.09% [1] - Net interest income reached 27.594 billion yuan, growing by 12.83% year-on-year [1] - Net fee and commission income was 4.207 billion yuan, reflecting a year-on-year growth of 13.10% [1] - The net profit attributable to shareholders was 19.030 billion yuan, up by 12.05% compared to the previous year [1] Asset and Loan Growth - As of the end of 2025, total assets amounted to 2,364.902 billion yuan, an increase of 11.96% from the previous year [1] - Total loans reached 1,071.876 billion yuan, marking a growth of 14.33% year-on-year [1] - Total deposits were 1,440.579 billion yuan, which is a 13.20% increase from the previous year [1] - The scale of wealth management products from the subsidiary Hangyin Wealth exceeded 600 billion yuan, growing by 39% year-on-year [1] Asset Quality - The non-performing loan (NPL) ratio stood at 0.76%, unchanged from the end of the previous year [1] - The ratio of overdue loans to non-performing loans and the ratio of loans overdue for more than 90 days to non-performing loans were 55.87% and 45.44%, respectively, both showing a decrease of 16.87 and 10.17 percentage points compared to the previous year [1] - The provision coverage ratio was 502.24%, indicating a sufficient level of provisions [1]

1月23日金融一线消息，杭州银行公告称，2025年实现营业收入387.99亿元，同比增长1.09%；归属于上 市公司股东的净利润190.30亿元，同比增长12.05%。其中，利息净收入275.94亿元，同比增长12.83%； 手续费及佣金净收入42.07亿元，同比增长13.10%。截至2025年末，总资产23，649.02亿元，较上年末 增长11.96%；不良贷款率0.76%，与上年末持平。业绩快报数据为初步核算，可能与年报有差异，预计 差异不超10%。 | 项目 | 2025年度 | 2024 年度 | 增减变动幅度(%) | | --- | --- | --- | --- | | | (未经审计) | (经审计) | | | 营业收入 | 387.99 | 383.81 | 1.09 | | 营业利润 | 212.10 | 192.59 | 10.13 | | 利润总额 | 211.89 | 192.26 | 10.21 | | 归属于上市公司股东的净利润 | 190.30 | 169.83 | 12.05 | | 归属于上市公司股东的扣除非 | 188.33 | 167.62 | 12.36 | | 经 ...

证券代码：600926 证券简称：杭州银行 公告编号：2026-002 杭州银行股份有限公司 2025年度业绩快报公告 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。 本公告所载2025年度主要财务数据为初步核算的合并报表 数据，未经会计师事务所审计，具体数据以杭州银行股份有限公 司（以下简称"公司"）2025年年度报告中披露的数据为准，提请 投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：人民币亿元 | 项目 | 2025 年度 | 2024 年度 | 增减变动幅度（％） | | --- | --- | --- | --- | | | （未经审计） | （经审计） | | | 营业收入 | 387.99 | 383.81 | 1.09 | | 营业利润 | 212.10 | 192.59 | 10.13 | | 利润总额 | 211.89 | 192.26 | 10.21 | | 归属于上市公司股东的净利润 | 190.30 | 169.83 | 12.05 | | 归属于上市公司股东的扣除非 经常性损益的 ...

格隆汇1月23日丨杭州银行(600926.SH)公布，2025年，公司实现营业收入387.99亿元，同比增长 1.09%；其中，利息净收入275.94亿元，同比增长12.83%，手续费及佣金净收入42.07亿元，同比增长 13.10%；实现归属于上市公司股东的净利润190.30亿元，同比增长12.05%。 公司扎实做好金融"五篇大文章"，公司金融聚焦九大客群，坚定服务实体经济，制造业、科技、绿色贷 款余额分别较上年末增长22.25%、23.44%、22.75%；零售金融有效推进客群经营，加强产品体系与渠 道建设，零售客户总资产（AUM）较上年末增长15.73%；小微金融深化"两个延伸"战略，加大普惠支 持力度，普惠型小微企业贷款余额较上年末增长17.06%。截至2025年末，公司总资产23,649.02亿元， 较上年末增长11.96%；贷款总额10,718.76亿元，较上年末增长14.33%；存款总额14,405.79亿元，较上 年末增长13.20%；子公司杭银理财存续理财产品规模超过6,000亿元，较上年末增长39%。 ...

南财智讯1月23日电，杭州银行发布2025年度业绩快报，报告期内公司实现营业收入387.99亿元，同比 增长1.09%；归属于上市公司股东的净利润190.30亿元，同比增长12.05%；基本每股收益2.66元，同比 下降2.92%。 ...

杭州银行公告称，2025年实现营业收入387.99亿元，同比增长1.09%；归属于上市公司股东的净利润 190.30亿元，同比增长12.05%。其中，利息净收入275.94亿元，同比增长12.83%；手续费及佣金净收入 42.07亿元，同比增长13.10%。截至2025年末，总资产23,649.02亿元，较上年末增长11.96%；不良贷款 率0.76%，与上年末持平。业绩快报数据为初步核算，可能与年报有差异，预计差异不超10%。 ...