2024 年 8 月 21 日晚间，杭州银行股份有限公司（以下简称 "公司"）从中共中央纪律检查委员会暨中华人民共和国国家监察 委员会网站获悉，丁伟涉嫌严重违纪违法，目前正接受招商局集 团纪委和青海省海东市监委纪律审查和监察调查。 丁伟于 2023 年 7 月被选举为公司独立董事，截止目前尚未 取得独立董事任职资格，未正式履职，未获得报酬。上述事项不 会对公司经营和长远发展产生影响。公司将持续关注后续进展情 况，并按照有关规定及时履行相关程序和信息披露义务。敬请投 资者注意投资风险。 特此公告。 杭州银行股份有限公司董事会 证券代码：600926 证券简称：杭州银行 公告编号：2024-043 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 关于拟任独立董事接受纪律审查和监察调查的公告 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。 2024 年 8 月 21 日 ...

证券代码：600926 证券简称：杭州银行 公告编号：2024-042 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 5%以下股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 上述减持主体无一致行动人。 注：1、在中国人寿实施本次减持计划期间，若公司发生送股、资本公积转增股本等重大事项， 对应的减持股份数量相应进行调整。 (一)相关股东是否有其他安排 □是 √否 (二)股东此前对持股比例、持股数量、持股期限、减持方式、 股东持股的基本情况：截至本公告披露日，中国人寿保险 股份有限公司（下称"中国人寿"）持有杭州银行股份有限公司 （下称"公司"或"杭州银行"）股份总数 110,092,230 股，占公 司普通股总股本的 1.86%。根据中国人寿在公司 IPO 期间作出的 承诺，锁定期满后，中国人寿减持公司股份时，应提前通知公司 并予以公告，自公告之日起三个交易日后方可减持。 减持计划的主要内容：中国人寿拟在本 ...

Investment Rating - The investment rating for Bank of Hangzhou is maintained at OVERWEIGHT with a target price of RMB14.42, indicating a potential upside of 12% from the closing price of RMB12.93 as of 7 August 2024 [6][28]. Core Insights - In 1H24, Bank of Hangzhou experienced a revenue growth of 5.4% year-on-year and attributable net profits increased by 20.1% year-on-year, reflecting a strong performance with stable asset quality [1][2]. - The bank's total assets, loans, and deposits grew by 13.8%, 16.5%, and 13.7% year-on-year respectively, with significant increases in loan and deposit amounts compared to the previous year [2]. - The non-performing loan (NPL) ratio remained low at 0.76%, with a provision coverage ratio of 545%, indicating strong risk management capabilities [3][4]. Financial Projections - Projected earnings per share (EPS) for 2024, 2025, and 2026 are RMB2.91, RMB3.47, and RMB4.13 respectively, with a book value per share (BVPS) of RMB18.02 for 2024 [1][5]. - Revenue is expected to grow from RMB36.6 billion in 2024 to RMB41.8 billion in 2026, while net profit attributable to the parent is projected to rise from RMB17.3 billion in 2024 to RMB24.5 billion in 2026 [11][12]. Market Position and Strategy - Bank of Hangzhou operates in economically vibrant regions and focuses on corporate loans, particularly to government credits and state-owned enterprises, which supports its growth strategy [2][4]. - The bank has established a diversified shareholder base and has been a pioneer in tech-innovation banking, enhancing its competitive edge [4].

本期债券发行的募集资金将依据适用法律和主管部门的批 准，用于补充公司二级资本。 证券代码：600926 证券简称：杭州银行 公告编号：2024-041 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 关于二级资本债券发行完毕的公告 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。 经中国人民银行和国家金融监督管理总局浙江监管局批准， 杭州银行股份有限公司（以下简称"公司"）于近日在全国银行 间债券市场成功发行"杭州银行股份有限公司2024年二级资本债 券"（以下简称"本期债券"）。 本期债券于2024年8月8日簿记建档，并于2024年8月12日发 行完毕，发行规模为人民币100亿元，品种为10年期固定利率债券， 在第5年末附有条件的发行人赎回权，票面利率为2.15%。 特此公告。 杭州银行股份有限公司董事会 2024年8月12日 1 ...

Investment Rating - The report maintains an "Overweight" rating for Hangzhou Bank with a target price of RMB 14.42 [13]. Core Views - The bank's revenue growth accelerated in H1 2024, with a year-on-year increase of 5.4%, and net profit grew by 20.1% [13]. - The bank's asset quality remains stable, with a non-performing loan (NPL) ratio of 0.76% [13]. - The bank is well-positioned in a high-demand region, benefiting from strong infrastructure needs and investment attraction [13]. Financial Performance Summary - **Revenue and Profit Forecasts**: - 2024E Revenue: RMB 36,602 million - 2024E Net Profit: RMB 17,261 million - EPS Forecasts: 2024E: RMB 2.91, 2025E: RMB 3.47, 2026E: RMB 4.13 [21]. - **Valuation Metrics**: - 2024E PB: 0.75x, with a target PB of 0.80x [13]. - 2024E ROE: 14.59%, with a projected increase to 16.10% by 2026E [21]. - **Asset Quality**: - NPL ratio is stable at 0.76%, with a provision coverage ratio of 545% [13]. - **Growth in Assets and Loans**: - Total assets grew by 13.8%, loans by 16.5%, and deposits by 13.7% year-on-year as of June 2024 [13]. Market Position and Strategy - Hangzhou Bank has a strong management system and geographical advantages, covering Zhejiang province and extending to major cities like Beijing, Shanghai, and Shenzhen [14]. - The bank has diversified shareholders, including local state-owned enterprises and foreign strategic investors, enhancing its market governance [14]. - The bank is actively exploring the technology finance sector, establishing a unique market position [14]. Capital Adequacy - The bank's core Tier 1 capital adequacy ratio is projected to increase to 9.74% if the RMB 150 billion convertible bonds are fully converted [14].

Group 1: Corporate Strategy and Financial Services - Hangzhou Bank has been actively focusing on differentiated services since last year, particularly in public business and project financing, with a strong emphasis on policy-driven business opportunities [1] - The bank has established a comprehensive financial service system for technology innovation, with over 500 specialized personnel and several technology innovation centers in major cities [1] - The bank's strategic approach has evolved through different phases, focusing on government-bank cooperation and data-driven industry specialization [1] Group 2: Small and Micro Business Loans - In the first half of the year, small and micro loans exceeded targets, with significant growth in enterprise loans becoming a new growth driver [2] - The bank's new loan interest rates for small and micro businesses have decreased compared to last year, while maintaining a focus on credit extension strategies [2] Group 3: Retail Loan Performance - The bank's mortgage loan issuance remained stable against market trends, with a year-on-year increase in mortgage balance [2] - As of June, the consumer loan balance showed positive growth compared to the beginning of the year, with plans to enhance customer segmentation and product access strategies [2]

法律意见书 浙江天册律师事务所 法律意见书 浙江天册律师事务所 关于 关于 杭州银行股份有限公司 2024 年第一次临时股东大会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 杭州银行股份有限公司 2024 年第一次临时股东大会的 编号：TCYJS2024H1184 号 致：杭州银行股份有限公司 浙江天册律师事务所（以下简称"本所"）接受杭州银行股份有限公司（以下 简称"杭州银行"或"公司"）的委托，指派本所律师金臻、黄金参加公司 2024 年第一次临时股东大会，并根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《银行保险 机构公司治理准则》以下简称"《治理准则》"）和《上市公司股东大会规则》（以 下简称"《股东大会规则》"）等法律、法规和其他有关规范性文件的要求及《杭 州银行股份有限公司章程》（以下简称"《公司章程》"）《杭州银行股份有限公 司股东大会议事规则》（以下简称"《股东大会议事规则》"）的规定出具本法律 意见书。 在本法律意见书中 ...

证券代码：600926 证券简称：杭州银行 公告编号：2024-040 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 2024 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：2024 年 07 月 31 日 (二) 股东大会召开的地点：浙江省杭州市庆春路 46 号杭州 银行大厦五楼会议室 (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 (五) 公司董事、监事和董事会秘书的出席情况 1、公司在任董事 12 人，出席 11 人，宋剑斌董事长因其他 公务安排未能出席并主持会议； 2、公司在任监事 7 人，出席 7 人； 3、公司高管人员列席会议。 二、 议案审议情况 (一) 非累积投票议案 1、议案名称：关于聘任杭州银行股份有限公司 2024 年度会 计师事务所的议案 本次股东大会由杭州银行股份有限公司（ ...

[Table_Page] 公告点评|城商行Ⅱ [Table_Title] 杭州银行（600926.SH） 业绩高增，质量优异 [Table_Summary] 核心观点： ⚫ 杭州银行披露 2024 年半年度业绩快报，我们点评如下：24H1 营收同 比增长 5.36%，增速较 24Q1 上升 1.9pct；归母净利润同比增长 20.06%，增速较 24Q1 下降 1pct，业绩维持高增长；24Q2 单季度营 收、归母净利润同比分别增长 7.33%、18.96%，营收增速单季度环比 回升 3.8pct，预计手工补息整改带来的负债成本下行，净息差企稳， 净利息收入对业绩增长提供有效支撑。 ⚫ 存贷规模高增。资产端，24H1总资产和贷款总额同比分别增长13.8%、 16.5%，分别较 24Q1 上升 0.8 pct、0.4 pct。结构上，贷款增速显著 高于总资产增速，也明显高于行业信贷增速，资产结构中信贷占比提 高，对息差也会形成结构性贡献。负债端，24H1 总负债和存款总额同 比分别增长 13.2%、13.7%，增速较 24Q1 末分别变动+0.2 pct、+2.7 pct。存款增速环比显著上升，预计主要受益于行 ...

Investment Rating - The report maintains a "Buy" rating for Hangzhou Bank, with a target price of 15.35 CNY per share, reflecting a 20% valuation premium over the industry average [2][4]. Core Insights - Hangzhou Bank's revenue growth rate improved by nearly 2 percentage points quarter-on-quarter in H1 2024, with a year-on-year profit growth rate exceeding 20%. The bank's revenue and net profit attributable to shareholders grew by 5.4% and 20.1% respectively compared to the previous year [1]. - The bank benefits from strong regional credit demand, maintaining a high level of loan issuance. As of H1 2024, total assets and loans grew by 13.8% and 16.5% year-on-year, respectively [1]. - Asset quality remains excellent, with a non-performing loan ratio of 0.76% and a provision coverage ratio of 545.2%, indicating a solid buffer for potential losses [1]. Financial Performance Summary - Revenue (in million CNY): 2022A 32,932, 2023A 35,016, 2024E 36,880, 2025E 38,275, 2026E 40,669, with year-on-year growth rates of 12.2%, 6.3%, 5.3%, 3.8%, and 6.3% respectively [6]. - Net profit (in million CNY): 2022A 11,679, 2023A 14,383, 2024E 17,292, 2025E 20,344, 2026E 24,056, with year-on-year growth rates of 26.1%, 23.2%, 20.2%, 17.7%, and 18.2% respectively [6]. - Earnings per share (EPS): 2022A 1.83, 2023A 2.31, 2024E 2.80, 2025E 3.31, 2026E 3.94 [6]. Valuation Metrics - The current stock price corresponds to a price-to-book (PB) ratio of 0.72X for 2024, 0.63X for 2025, and 0.54X for 2026. The average PB ratio for comparable companies in 2024 is 0.71X [2][4]. - The report suggests a target PB ratio of 0.85X for Hangzhou Bank, reflecting its strong performance amidst industry challenges [2].