Core Viewpoint - Nanjing Bank has demonstrated a positive operational trend with key performance indicators showing a "double U-shaped curve," indicating sustained growth in revenue and net profit for 2024 and Q1 2025, outperforming market expectations [1][2]. Financial Performance - In 2024, Nanjing Bank's revenue and net profit increased by 11.32% and 9.05% year-on-year, respectively, with growth rates improving each quarter [2]. - For Q1 2025, revenue and net profit further increased by 6.53% and 7.06% year-on-year, showing an improvement of 3.7 percentage points and 1.92 percentage points compared to the same period last year [2]. - The cost-to-income ratio for the end of 2024 was 28.08%, a decrease of 2.39 percentage points year-on-year, while the non-performing loan ratio stood at 0.83%, down 7 basis points from the previous year [2]. - In Q1 2025, the cost-to-income ratio continued to decline by 4.28 percentage points, and the non-performing loan ratio remained stable at 0.83% [2]. Market and Shareholder Sentiment - Shareholders and market participants have positively evaluated Nanjing Bank's performance, with major shareholders increasing their holdings by over 7 billion yuan in 2024 [2]. - The bank's stock price growth ranked among the top in the listed banking sector, and it received the highest rating of A for compliance with the People's Bank of China policies [2]. Strategic Focus - In 2025, Nanjing Bank aims to adhere to a value creation philosophy and focus on serving the real economy, adapting to changes, and strengthening safety measures [3]. - The bank's new five-year strategic plan emphasizes the development of five key areas: technology innovation banking, investment banking, wealth management banking, transaction banking, and digital banking [3]. - The bank plans to enhance its organizational structure and optimize its business models to improve profitability and ensure balanced development across various business segments [3].

新华财经南京4月28日电（记者朱程）28日，南京银行举行2024年度暨2025年一季度业绩说明会。会 上，南京银行董事长谢宁表示，去年一季度以来，公司向优向好的经营趋势始终没有变，主要经营指标 走出的"双U型曲线"得到确定和延续。 （文章来源：新华财经） 谢宁表示，2024年营收、净利润好于市场、好于预期，且增幅逐季提升。2025年一季度，"正U型曲 线"向上进一步延展，同时成本和不良率走出"倒U型曲线"，折射公司"改革一落子，发展满盘 活"。"2024年，南京银行通过开展全行高质量发展大讨论，谋划构建了'1+10+N'的整体改革框架，涉及 组织架构、人才队伍、预算考核、流程再造、风控升级、科技赋能等领域，以及公司、零售、金融市场 三大板块，改革成效正在显现。去年营收增长超11%，在万亿元以上上市银行排名前列。" 南京银行行长朱钢表示，未来该行将强化战略执行，在优化业务布局中拓展增长空间。2025年，南京银 行将聚焦新五年规划提出的科创银行、投资银行、财富银行、交易银行和数字银行"五张名片"，加快完 善组织架构、理顺体制机制、优化展业模式，将新的业务增长点和战略支撑点打造得更实更稳，推动改 善业务结构、拓宽收 ...

Core Viewpoint - Nanjing Bank has demonstrated a positive operational trend in 2024, achieving record highs in revenue and net profit, with a continued focus on cost control and asset quality improvement [1][2]. Financial Performance - In 2024, Nanjing Bank's revenue exceeded 50 billion yuan, and net profit surpassed 20 billion yuan, marking year-on-year growth of 11.32% and 9.05% respectively, with both metrics showing a positive U-shaped curve [1]. - For Q1 2025, revenue and net profit grew by 6.53% and 7.06% year-on-year, with cost-to-income ratio decreasing by 4.28 percentage points [1][2]. Asset Quality and Cost Management - By the end of 2024, the cost-to-income ratio was 28.08%, down 2.39 percentage points year-on-year, while the non-performing loan (NPL) ratio was 0.83%, a decrease of 7 basis points from the previous year [1]. - In Q1 2025, the NPL ratio remained stable at 0.83%, indicating strong asset quality [1]. Strategic Focus and Future Outlook - Nanjing Bank aims to enhance its core competitiveness and improve financial resource efficiency while focusing on digital transformation and cost control [2]. - The bank's strategic plan for 2025 emphasizes value creation, service to the real economy, and adapting to changes in the financial landscape [2]. Operational Scale - As of the end of 2024, Nanjing Bank had 289 branches, achieving full coverage in Jiangsu province, with total assets of 27,652.38 billion yuan, total deposits of 16,572.41 billion yuan, and total loans of 13,461.20 billion yuan as of Q1 2025 [3]. - Nanjing Bank ranked 91st among the world's top 1000 banks and 21st in the "Top 100 Chinese Banks" list for 2024 [3].

会议呼吁，银行金融科技子公司要进一步深化跨领域协作，共同推动金融科技在服务实体经济、助力民 生发展中释放更大价值，携手做好"五篇大文章"，在技术创新的浪潮中勇立潮头，书写金融科技高质量 发展新篇章，为金融强国建设贡献力量。 本报讯(记者李冰)日前，第四届银行金融科技公司研讨会在上海举行。本次研讨会由中银金融科技有限 公司与中国互联网协会数字金融工作委员会联合主办。工银科技、农银金科、建信金科、交通银行 （601328）金融科技部、邮储银行（601658）软件研发中心、中信科技、民生科技、兴业数金、龙盈智 达、浙商银行（601916）、北银金科、南京银行（601009）、金电公司、成方金科、成方金信、腾讯金 融云、上海金融数据港（603881）等机构代表参加会议。会议由中银金科党委书记、董事柯建勋主持， 中国互联网协会数字金融工作委员会张永福作发言，中国人民银行科技司李伟出席会议。 本次研讨会以"数智驱动.生态共赢——构建金融科技高质量发展新格局"为主题，聚焦银行系金融科技 公司的发展实践，搭建专业交流的互动平台，促进同业间的经验互鉴与战略协同。会议采用"集中学习 +主题演讲+讨论交流"的方式开展。主题演讲环节 ...

Group 1 - The total QFII holdings in A-shares reached 3.996 billion shares with a total market value of 51.02 billion yuan as of April 27, 2025 [1] - QFII is present among the top ten shareholders of 333 companies, with approximately 200 new entries in the top ten shareholder lists of various listed companies [1] - Key sectors for QFII investments include manufacturing and TMT (Technology, Media, and Telecommunications) [1] Group 2 - The largest QFII by share count is Morgan Stanley International, holding 169 stocks, including significant positions in Huace Testing and Yanshan Technology [1] - UBS Group ranks second with holdings in 90 stocks, notably in Tianhai Defense, Wisdom Agriculture, and Fangzheng Electric [1] Group 3 - French bank BNP Paribas has the highest market value of holdings among QFIIs, with a total of 19.552 billion yuan across 7 stocks [2] - Abu Dhabi Investment Authority and Kuwait Investment Authority are actively investing in A-shares, with Abu Dhabi holding 306 million shares valued at 6.336 billion yuan [3] - Goldman Sachs International led in new stock entries, holding 53 stocks with 22 new additions in the first quarter [3] Group 4 - QFII increased holdings in 78 stocks during the first quarter, with notable increases in China Western Power and Zhuoyue Technology [7] - The top ten stocks with increased holdings include China Western Power, Yinxin Technology, and North New Materials, spanning various industries such as electrical equipment and chemicals [9][11] Group 5 - The only stock with QFII holdings exceeding 10 billion yuan is Nanjing Bank, with a stable holding of 1.865 billion shares valued at 19.264 billion yuan [3][4] - Other significant stocks in the top ten by market value include Shanghai Bank and Zijin Mining, with various fluctuations in share counts and market values [4][6]

Core Viewpoint - Nanjing Bank, known as the "King of Bonds," has faced mixed reviews due to its aggressive investment strategy, which has led to significant fluctuations in earnings and challenges in its retail banking transformation [1][2][3]. Financial Performance - As of the end of 2024, Nanjing Bank's financial investments reached 1.08 trillion yuan, accounting for 41.7% of total assets, ranking third among 29 A-share listed banks [2][3]. - The bank's trading financial assets constituted 18.2% of total assets, indicating a more aggressive investment style compared to peers [2][3]. - In 2024, Nanjing Bank reported a public value change profit of 7.38 billion yuan, a 329.5% increase year-on-year, primarily driven by trading financial assets [3][4]. - The bank's total revenue for 2024 was 50.27 billion yuan, with a net profit of 20.37 billion yuan, reflecting year-on-year growth of 11.3% and 9.3%, respectively [3]. Retail Banking Transformation - Nanjing Bank has implemented a "Big Retail" strategy, significantly increasing its consumer loan balance to 203.84 billion yuan, a 24-fold increase since 2014 [5][6]. - Despite the growth in consumer loans, the retail banking segment reported a loss of 1.2 billion yuan in the previous year, highlighting challenges in profitability [6][7]. - The bank's personal loan interest income grew only 1.87% year-on-year, significantly lagging behind the growth in loan volume [6][7]. Asset Quality and Risks - The personal loan non-performing rate was 1.29%, down 0.21 percentage points from the previous year, but the overall asset quality pressure remains high [7][8]. - Nanjing Bank's overall non-performing loan ratio was 0.83%, with a significant increase in the amount of non-performing loans written off [7][8]. - The bank's reliance on certain sectors, such as public services, has kept its corporate loan non-performing rates low, while exposure to real estate and manufacturing has increased risk [8]. Strategic Direction - In 2024, Nanjing Bank initiated a new five-year strategic plan focusing on five key banking areas, with an emphasis on innovation and digital banking, moving away from the previous "Big Retail" strategy [10][11]. - The new chairman, who took office in February 2024, is expected to address the challenges in retail banking and enhance the bank's core responsibilities [9][10].

Core Viewpoint - Nanjing Bank's 2024 annual report and Q1 2025 report indicate a slowdown in revenue and net profit growth compared to the previous year, despite strong interest income growth and stable asset quality [1][2]. Revenue and Profit Performance - Q1 2025 revenue increased by 6.53% year-on-year, while net profit attributable to shareholders rose by 7.06%, both showing a slowdown from the previous year's growth rates of 11.32% and 9.05% respectively [2]. - The significant growth in net interest income of 17.8% year-on-year effectively offset the decline in non-interest income, which was impacted by fluctuations in the bond market [2]. Asset and Loan Growth - Total assets grew by 15.40% year-on-year in Q1 2025, with deposits increasing by 16.70% and loans by 14.69%, indicating a continued strong expansion [3]. - The growth in loans was primarily driven by corporate loans, with notable increases in technology finance loans (up 13.24%), green finance loans (up 11.96%), and inclusive finance loans (up 9.25%) [3]. Asset Quality and Risk Management - The non-performing loan (NPL) ratio remained stable at 0.83%, while the coverage ratio slightly decreased to 323.69%, indicating a stable asset quality despite a minor decline in risk coverage [3]. - The proportion of special mention loans decreased by 5 basis points to 1.15%, reflecting improved asset quality management [3]. Earnings Forecast and Investment Rating - The company maintains a "buy" rating, with projected revenues for 2025-2027 of 52.501 billion, 55.845 billion, and 60.453 billion yuan, representing year-on-year growth rates of 4.43%, 6.37%, and 8.25% respectively [4]. - Net profit forecasts for the same period are 21.164 billion, 22.020 billion, and 22.858 billion yuan, with expected growth rates of 4.89%, 4.04%, and 3.81% [4].

Core Insights - The Yangtze River Delta urban agglomeration is a crucial intersection of the "Belt and Road" initiative and the Yangtze River Economic Belt, comprising Shanghai, Jiangsu, Zhejiang, and Anhui provinces, with seven listed city commercial banks [1] - In 2024, the total asset scale of these seven banks reached 17.72 trillion yuan, with Jiangsu Bank, Shanghai Bank, and Ningbo Bank each exceeding 3 trillion yuan [1][3] - All seven banks reported positive growth in revenue and net profit, with asset quality remaining strong, as six banks maintained non-performing loan ratios below 1% [1][18] Asset Scale and Growth - Jiangsu Bank's total assets reached 39,520.42 billion yuan, a 16.12% increase from the previous year [3][5] - Shanghai Bank's total assets were 32,266.56 billion yuan, growing by 4.57% [3][5] - Ningbo Bank's total assets amounted to 31,252.32 billion yuan, with a growth rate of 15.25% [3][5] - Nanjing Bank, Hangzhou Bank, and Huishang Bank surpassed 20 trillion yuan in assets, while Suzhou Bank had the smallest asset scale at nearly 700 billion yuan [1][3] Revenue and Profitability - Jiangsu Bank led in revenue with 808.15 billion yuan, marking an 8.78% increase [10][12] - Ningbo Bank followed with 666.31 billion yuan in revenue, up 8.19% [10][12] - Nanjing Bank achieved a revenue growth rate of 11.32%, the only bank with double-digit growth [10][12] - Net profit for Jiangsu Bank exceeded 300 billion yuan, with a growth of 10.76% [13][12] Asset Quality - The non-performing loan ratio for Jiangsu Bank was 0.89%, while Ningbo and Hangzhou Banks had the lowest at 0.76% [18][19] - Shanghai Bank had the highest non-performing loan ratio at 1.18% [17][18] - The provision coverage ratios for most banks were robust, with Jiangsu, Nanjing, and Ningbo Banks exceeding 300% [20][18] Loan Distribution - Jiangsu Bank's loans in Jiangsu province accounted for 86.13% of its total loans, with significant portions also allocated to the Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area [7] - Nanjing Bank's loans were primarily distributed in Jiangsu, with 84.92% of its loans in the province [7] - Huishang Bank's loans were predominantly in Anhui, making up 88.87% of its total [8]

4月以来，9只银行股股价盘中创历史新高，行业热度持续攀升。 多家机构认为，从已披露经营情况的银行来看，一季度财务指标和资产质量总体稳健。展望后市，银行 业相对于大部分行业而言，基本面具备相对稳健特征。 此外，广发证券（000776）认为，近期银行股作为指数重要组成部分，对指数稳定起了重要作用。 去年四季度业绩改善 2024年四季度，银行股业绩明显改善，今年一季度亦有多股报喜。行业现金分红总额有望再创新高，12 只银行股年度分红金额均超百亿元。 本月9只银行股股价创新高 4月24日，银行指数收盘涨1.16%。中国银行（601988）、农业银行（601288）和工商银行（601398） 股价均创历史新高，收盘分别上涨2.1%、2.01%和1.83%。 本月以来，建设银行（601939）、交通银行（601328）和江苏银行（600919）等9只银行股盘中股价均 创历史新高。 创新高的银行股今年以来股价稳步上涨，上海银行（601229）股价年内涨幅达到15.52%，工、农、 中、建四大行股价年内涨幅均在6%以上。 4月以来，市场行情持续震荡，银行板块作为高股息、低估值的避险资产颇受资金青睐。 数据显示，农业银行、宁波 ...

证券简称: 南京银行 证券代码: 601009 编号: 2025-016 优先股简称：南银优 1 优先股代码：360019 南银优 2 360024 可转债简称：南银转债 可转债代码：113050 南京银行股份有限公司 1 关于二级资本债券发行完毕的公告 特别提示： 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江苏监管局批准，南京银行股份有 限公司（以下简称"本公司"）于近日在全国银行间债券市场成功发行"南京银 行股份有限公司 2025 年二级资本债券（第一期）（债券通）"（以下简称"本 期债券"）。 本期债券于 2025 年 4 月 24 日发行完毕，发行总额为人民币 110 亿元，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 2.05%。 本期债券募集资金将依据适用法律和监管部门的批准用于充实本公司二级 资本，提高资本充足率，以增强本公司的营运实力，提高抗风险能力，支持业务 持续稳健发展。 特此公告。 南京银行股份有限公司董事会 2025 年 4 月 2 ...