Financial Performance - The bank achieved an operating income of RMB 38.381 billion in 2024, representing a year-on-year growth of 9.61%, and a net profit of RMB 16.983 billion, up 18.07% year-on-year[14]. - The company's operating revenue for 2024 reached RMB 38,381,172 thousand, representing a year-on-year increase of 9.61% compared to RMB 35,015,541 thousand in 2023[46]. - Net profit attributable to shareholders reached RMB 16.98 billion, reflecting an 18.07% growth compared to the previous year[59]. - The total assets of the company amounted to RMB 2,112.36 billion, representing a 14.72% increase from the end of the previous year[56]. - The total loans increased by 16.16% to RMB 937,498,709 thousand in 2024, up from RMB 807,095,572 thousand in 2023[46]. - The company's total deposits grew by 21.74% to RMB 1,272,551,288 thousand in 2024, compared to RMB 1,045,277,254 thousand in 2023[46]. - The bank's basic earnings per share reached RMB 2.74, marking an 18.61% increase year-on-year[14]. - The weighted average return on equity rose to 16.00% in 2024, up from 15.57% in 2023, marking an increase of 0.43 percentage points[47]. Asset Quality and Risk Management - The non-performing loan ratio stood at 0.76% at the end of 2024, with a provision coverage ratio of 541.45%[13]. - The liquidity coverage ratio improved to 244.42%, an increase of 91.39 percentage points from the previous year[50]. - The company's net profit margin for non-interest income increased to 36.28% in 2024, up from 33.08% in 2023, an increase of 3.20 percentage points[48]. - The company emphasizes risk management, maintaining a comprehensive risk control strategy to prevent risks from hindering development[40]. - The company has implemented strict risk management measures for group clients, ensuring compliance with regulatory requirements and maintaining risk exposure limits[100]. - The company has focused on enhancing its risk control mechanisms, particularly in large credit exposures and small and micro enterprises, to mitigate potential risks[90]. Customer Growth and Market Strategy - The number of effective customers increased by 14% year-on-year, with the corporate line seeing a growth rate exceeding 20%[16]. - The company is committed to enhancing its market competitiveness through various financial products and regional marketing strategies[16]. - The company is actively expanding its market presence in key cities across the Yangtze River Delta and other first-tier cities[30]. - The company aims to achieve high-quality development by 2025, aligning with the "2255" strategic plan, which emphasizes customer-centric and efficiency-driven approaches[20]. - The company is committed to a strategic shift from product-oriented to customer-oriented services, enhancing its competitive advantage[33]. Digital Transformation and Innovation - The company is focusing on enhancing operational efficiency and customer experience through the "Digital Empowerment" initiative, aiming for a significant transformation in financial services[19]. - The implementation of digital financial initiatives aims to integrate technology into customer operations, enhancing efficiency and accessibility of services[39]. - The company emphasizes the importance of digital transformation and collaboration to respond quickly to market and customer needs[19]. - The company has implemented a digital management strategy, generating approximately 40,000 business opportunities through the "小微蒲公英平台" during the reporting period[179]. - The company launched innovative products such as "园区贷" and "优科贷" to enhance its product matrix in the technology finance sector[171]. Wealth Management and Financial Products - The scale of Hangyin Wealth Management's existing products exceeded 430 billion RMB, growing by 17% compared to the end of the previous year[18]. - Non-interest income increased by 20.21% year-on-year, with non-interest business income accounting for 36.28% of total revenue, up 3.20 percentage points year-on-year[18]. - The retail financial line's total assets under management (AUM) reached CNY 602.23 billion, an increase of CNY 84.79 billion, or 16.39%, compared to the end of the previous year[175]. - The company sold retail wealth management products totaling CNY 437.05 billion during the reporting period, including CNY 118.46 billion from agency sales; the agency business balance at the end of the period was CNY 71.62 billion, an increase of CNY 13.09 billion, or 22.36% year-on-year[180]. Corporate Governance and Structure - The company maintains a stable governance structure with over 60% of shares held by the top ten shareholders, ensuring effective decision-making and support for development[36]. - The company has developed a risk management system that integrates various security measures to enhance online transaction safety[192]. - The company issued 10 billion yuan in perpetual bonds and 10 billion yuan in subordinated bonds to enhance capital structure[198]. Future Outlook and Strategic Goals - The company plans to increase credit investments in key areas such as technology innovation, inclusive small and micro enterprises, green finance, and digital finance in 2025[155]. - The company aims to enhance its microfinance business by increasing coverage of larger enterprises and improving product usage rates by 2025[166]. - The company will continue to optimize its asset allocation and financial investment strategies based on market conditions to improve overall returns[155].

截至目前，已有多家A股上市城商行披露了2024年度财报或业绩预告，南都·湾财社记者选取营收前8家 作为分析样本，透视城商行2024年经营成绩。8家城商行均位于长江经济带，分别位于上游成渝经济 区、中游城市群、下游长三角地区，地理位置贯穿我国东中西部。 2024年，8家城商行营收、归母净利润均实现正增长，江苏银行营收、归母净利润继续稳居第一，且分 别首次突破800亿、300亿；南京银行营收增速以11.3%位居第一，杭州银行归母净利润增速以18.1%领 跑，重庆银行营收、归母净利润增速双双垫底，均不足4%。 2024年末，8家城商行中7家总资产同比录得双位数增长，上海银行仅有4.6%，增速落后；8家城商行不 良贷款拨备覆盖率普遍保持在300%以上，但多家较上一年末下降。其中，上海银行、重庆银行拨备覆 盖率均不足300%，重庆银行拨备覆盖率最低，不良率最高。 营收、净利润增速均实现增长 重庆银行增速双双垫底 业绩驱动分化 2024年，8家城商行营收、归母净利润增速均实现正增长，营收平均增速为7.1%，归母净利润平均增速 为8.7%。 其中，江苏银行营收、归母净利润分别为808.2亿、318.4亿，双双稳居第一，且分 ...

民营经济是高质量发展的重要"引擎"之一，是浙江的金名片。民营小微企业在"浙"里大显身手，离不开 金融"活水"的滋养和浇灌。 杭州银行紧扣政策导向，立足区域特色，创新金融产品、优化服务模式，为小微企业纾困解难、提质增 效注入强劲动能。在新征程上，杭州银行正以更精准的金融供给、更灵活的机制改革，助力浙江民营经 济"轻装上阵"。 核心企业信用共享惠及上下游 融破解融资难题 近日，杭州银行海盐支行落地一笔"云e信"业务，为核心企业供应商提供低成本融资解决方案。该业务 采用反向无追索权保理模式，依托核心企业信用，上游供应商无需额外抵押即可获得融资，利率优势明 显。 "以前应收账款周转慢，资金压力大，现在通过'云e信'，资金回笼速度加快，项目推进更顺畅。"A公司 相关负责人表示。杭州银行通过线上化审批和中征应收账款融资服务平台，实现全流程高效办理，展现 了数字化金融服务的灵活性与便捷性。 目前，"云e信"已在杭州银行多家分支机构推广，未来将进一步扩大覆盖面，为产业链上下游企业提供 更高效的融资支持，助力区域经济高质量发展。 面对经济波动，部分小微企业抵押物价值下降，续贷面临困难。杭州银行优化无还本续贷服务，通过提 前摸排 ...

银行行业资金流向排名 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 601166 | 兴业银行 | -2.02 | 0.45 | 18789.27 | | 600000 | 浦发银行 | -1.86 | 0.34 | 16347.34 | | 601998 | 中信银行 | -1.00 | 0.25 | 11805.56 | | 600926 | 杭州银行 | 0.35 | 0.84 | 11674.25 | | 601328 | 交通银行 | -0.27 | 0.58 | 7533.07 | | 600015 | 华夏银行 | -0.13 | 0.45 | 3998.17 | | 601229 | 上海银行 | -0.10 | 0.64 | 3484.19 | | 002807 | 江阴银行 | -0.94 | 2.20 | 3287.02 | | 601169 | 北京银行 | -0.83 | 0.53 | 3245.06 | | 600016 | 民生银行 | 0.51 | 0.67 | ...

证券代码：600926 证券简称：杭州银行 公告编号：2025-014 优先股代码：360027 优先股简称：杭银优 1 可转债代码：110079 可转债简称：杭银转债 杭州银行股份有限公司 关于估值提升计划暨"提质增效重回报"行动方案的公告 重要内容提示： 估值提升计划暨行动方案的制定背景及审议程序：根据中国 证监会《上市公司监管指引第 10 号——市值管理》相关规定及上海 证券交易所《关于开展沪市公司"提质增效重回报"专项行动的倡 议》，杭州银行股份有限公司（以下简称"公司"）制定了《杭州 银行股份有限公司估值提升计划暨"提质增效重回报"行动方案》 （以下简称"估值提升计划暨行动方案"），并经公司第八届董事 会第十五次会议审议通过。 估值提升计划暨行动方案概述：公司计划通过提升金融服务 质效、推进业务转型发展、强化风险管理、坚持稳健分红、加强投 资者关系管理、提升信息披露质量、完善激励约束机制以及践行价 值增持等措施，提升公司投资价值，增强投资者回报。 相关风险提示：估值提升计划暨行动方案仅为公司行动计划， 不代表公司对业绩、股价、重大事件等任何指标或事项的承诺。公 司业绩及二级市场表现受到宏观形势、行业 ...

投资者可于 2025 年 4 月 15 日（星期二）16:00 前访问 https://ir.p5w.net/zj/，或扫描下方二维码进入问题征集专题页面，亦 可通过公司投资者关系邮箱 ir@hzbank.com.cn 进行提问。公司将于 2024 年度业绩说明会（以下简称"业绩说明会"）上对投资者普遍 关注的问题进行回答。 一、业绩说明会类型 本次业绩说明会通过网络视频直播方式召开，公司将针对 2024 年度经营成果、财务状况与投资者进行交流，在信息披露允许的范 围内对投资者普遍关注的问题进行回答。 1 证券代码：600926 证券简称：杭州银行 公告编号：2025-013 优先股代码：360027 优先股简称：杭银优 1 可转债代码：110079 可转债简称：杭银转债 杭州银行股份有限公司 关于召开 2024 年度业绩说明会的公告 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： （一）投资者可在 2025 年 4 月 16 日 15:30-16:30，通过互联网 登录"全景路演"网站（https://ir ...

Investment Rating - The industry investment rating is "Positive" and maintained [12] Core Viewpoints - The revenue growth of listed banks in the fourth quarter has generally rebounded, with large banks benefiting from a low base in Q4 2023 and increased investment income and foreign exchange gains [2][6] - Most banks maintain positive net profit growth, with large banks seeing a comprehensive turnaround in net profit growth, while high-quality city commercial banks lead in growth rates [2][6] - The net interest margin decline in the fourth quarter was better than expected, reflecting accelerated improvement in funding costs [2][8] - Asset quality is generally stable, with a decrease in non-performing loan ratios, while the provision coverage ratio has generally declined, supporting profit growth [2][9] - Retail risk in the industry is rising, with expectations of continued pressure on retail risk in the first half of 2025 [2][9] - Dividend ratios for large banks remain stable, with state-owned banks maintaining a high certainty of a 30% dividend ratio [2][10] Performance Growth - In 2024, most state-owned banks and city commercial banks achieved positive revenue growth, with a trend of accelerated growth in Q4 [6][20] - The net profit growth of large state-owned banks has turned positive, with high-quality city commercial banks maintaining leading growth rates [6][20] Scale Expansion - Credit growth has generally slowed, with high-quality city commercial banks continuing to lead [7][27] - State-owned banks have seen a decrease in credit growth after rapid expansion over the past two years, while high-quality regional city commercial banks maintain strong growth [7][27] Profitability - The decline in net interest margin has slowed significantly, with an average decline of 1.5 basis points for state-owned banks in 2024 [8][24] - The average cost of interest-bearing liabilities for 23 banks has decreased by 14 basis points [8][24] Asset Quality - Among 35 banks, 24 have seen a year-on-year decrease in non-performing loan ratios, while 9 have remained stable [9][29] - The provision coverage ratio has generally declined, particularly for retail banks, reflecting a reduction in credit impairment provisions [9][29] Dividend Ratio - Most banks maintain stable dividend ratios, with state-owned banks expected to maintain a 30% dividend ratio [10][12]

城商行Ⅱ 详解杭州银行 1Q25 主要经营情况： 存贷增速较高，资产质量稳健 杭州银行（600926.SH） 证券研究报告/公司点评报告 2025 年 04 月 02 日 股价与行业-市场走势对比 主要经营情况综述：1、1Q25 杭州银行营收同比增长 2.2%，增速较上年末下降了 7.4 个百分点，一季度集中重定价之后净利息收入增速预计放缓，债市波动预计 也使得非息收入增速下降，在这样的背景下公司营收仍能保持正增殊为不易；公 司资产质量保持优秀水平，归母净利润同比增长 17.3%，较上年末微降 0.8 个百 分点，总体仍保持较高增速。2、杭州银行一季度存贷继续保持较高增速。1）杭 州银行一季度贷款规模增长 577 亿元，贷款余额同比增长 14.3%，较上年末下降 了 1.9 个百分点，贷款增长依旧不弱。贷款占比总资产环比上升 0.4 个百分点至 44.8%。2）一季度存款单季增长 762.2 亿元，同比多增 78.1 亿，同比增速为 21.1%， 较上年末下降了 0.6 个百分点，总体仍然维持较高的增速。3、不良率与拨备保持 优秀水平。1）不良维度——不良率保持低位稳定。1Q25 年杭州银行不良贷款率 0.7 ...

那么，浙江本土银行的经营情况如何？根据宁波银行、杭州银行、浙商银行披露的2024年财报来看， 2024年，宁波银行以271.27亿元净利润连续六年稳居浙江最赚钱银行，其不良贷款率仅为0.75%，但零 售业务面临下滑。杭州银行则以18.08%的净利润增速快速追赶。相比之下，浙商银行虽以3.25万亿元总 资产居首，但净利润增速放缓，亟需优化业务结构。 宁波银行：最"赚钱"但零售失速 业绩快报显示，宁波银行2024年实现营业收入666.32亿元，较上年同期增长8.20%；归属于母公司股东 的净利润271.27亿元，较上年同期增长6.23%。 尽管宁波银行的盈利增速有所放缓，但其在浙江本地银行中的领先地位依然稳固。2024年，宁波银行实 现归母净利润271.27亿元，继续领跑。杭州银行和浙商银行分别以169.83亿元和151.86亿元的归母净利 润紧随其后。值得注意的是，宁波银行已连续六年蝉联浙江最赚钱本地银行的桂冠。 截至2024年末，宁波银行以0.75%的不良率在三家银行中表现最为优异在资产质量方面，宁波银行在三 家浙系银行中表现最为优异。截至2024年末，宁波银行的不良贷款率为0.75%，低于杭州银行的0.76 ...

Investment Rating - The investment rating for Hangzhou Bank is "Strongly Recommended" [3] Core Views - Hangzhou Bank has demonstrated stable operations and high growth potential, with a strong performance in Q1 2025, maintaining high profit growth and excellent asset quality indicators [1][6] - The bank's total assets reached 2.2 trillion yuan, a year-on-year increase of 15.8%, with loan and deposit growth rates of 14.3% and 21.1%, respectively [6][6] - The non-performing loan ratio remains low at 0.76%, and the provision coverage ratio is robust at 530.07%, indicating strong asset quality [6][6] - The bank's governance structure is sound, with a stable core management team, which supports its strategic continuity and operational stability [6][6] - The ongoing conversion of 15 billion yuan in convertible bonds is expected to further strengthen the bank's capital base and accelerate business expansion [6][6] Financial Data and Valuation - Total operating revenue (in million yuan) is projected to grow from 32,932 in 2022 to 45,804 in 2026, with a compound annual growth rate (CAGR) of approximately 10.2% [2][37] - Net profit attributable to shareholders is expected to increase from 11,679 million yuan in 2022 to 22,298 million yuan in 2026, reflecting a CAGR of 14.1% [2][37] - Earnings per share (EPS) is forecasted to rise from 1.83 yuan in 2022 to 3.64 yuan in 2026 [2][37] - The price-to-earnings (P/E) ratio is projected to decrease from 8.0 in 2022 to 4.0 in 2026, indicating increasing valuation attractiveness [2][37] - The return on equity (ROE) is expected to remain strong at 12.5% [3] Performance Metrics - In Q1 2025, the bank achieved a year-on-year revenue growth of 2.2% and a net profit growth of 17.3%, continuing its trend of double-digit growth [6][6] - The bank's asset quality remains a core strength, with a non-performing loan ratio of 0.76% and a provision coverage ratio of 530.07% [6][6] - The bank's total assets and deposits have shown strong growth, with total assets increasing by 15.8% year-on-year and deposits growing by 21.1% [6][6]