Core Viewpoint - Nanjing Bank demonstrates robust growth and stability in its operations, aligning with its new five-year strategic plan, showcasing a balanced development across strategic business segments and overall positive quality improvement [1] Group 1: Financial Performance - As of June 30, Nanjing Bank's total assets reached 2.9 trillion yuan, an increase of nearly 12% from the end of the previous year [2] - The bank's deposit scale was 1.64 trillion yuan, and loan scale was 1.38 trillion yuan, growing by 9.98% and 10.41% respectively compared to the previous year [2] - Operating income was 28.5 billion yuan, with a year-on-year increase of 8.64%, while net profit attributable to shareholders was 12.6 billion yuan, up 8.84% year-on-year [2] - The non-performing loan ratio stood at 0.84%, with a provision coverage ratio of 311.65%, indicating good asset quality [2] Group 2: Business Segment Development - Nanjing Bank focuses on differentiated competitive advantages in sectors such as technology innovation, investment banking, green finance, and inclusive finance, leading to balanced growth across three major business segments [3] - Retail business revenue surged by 21.4% year-on-year to 7.6 billion yuan, contributing 829 million yuan in profit [3] - The corporate loan segment exceeded 1 trillion yuan, increasing by 119 billion yuan since the beginning of the year, enhancing credit support for the real economy [3] Group 3: Strategic Initiatives - Nanjing Bank actively supports national and local development strategies, increasing financial supply to key areas, and enhancing financial services for high-quality economic development [4] - The bank has launched various innovative financial products, including technology innovation bonds and green loans, to support the transformation of traditional industries and promote sustainable development [4] - As of June 30, the balance of green finance loans reached 258.3 billion yuan, an increase of 56.2 billion yuan, representing a growth rate of nearly 28% [4] Group 4: International and Consumer Services - Nanjing Bank is optimizing its cross-border financial product and service system, enhancing international business and free trade zone collaboration [5] - The bank has introduced digital products to support foreign trade enterprises, serving 1,257 small and micro foreign trade enterprises [5] - In the consumer finance sector, the bank has launched various initiatives to stimulate consumption, including the "Su Travel Loan" and support for the "old-for-new" policy in key consumer areas [6]

证券研究报告 南京银行 (601009 CH) 信贷有力投放，业绩稳步提升 华泰研究 中报点评 投资评级(维持): 买入 目标价(人民币): 14.79 沈娟 研究员 SAC No. S0570514040002 SFC No. BPN843 贺雅亭 研究员 heyating@htsc.com +(86) 10 6321 1166 李润凌* 联系人 SAC No. S0570123090022 lirunling@htsc.com 蒲葭依 联系人 SAC No. S0570123070039 SFC No. BVL774 pujiayi@htsc.com +(86) 755 8249 2388 基本数据 | 目标价 (人民币) | 14.79 | | --- | --- | | 收盘价 (人民币 截至 8 月 28 日) | 11.28 | | 市值 (人民币百万) | 139,461 | | 6 个月平均日成交额 (人民币百万) | 604.63 | | 52 周价格范围 (人民币) | 9.67-12.15 | | BVPS (人民币) | 16.71 | 股价走势图 (6) 5 15 26 36 Aug ...

Core Viewpoint - Nanjing Bank's 2025 semi-annual report indicates steady growth in key operating indicators, balanced development across strategic business segments, and an overall improvement in quality, showcasing sustainable development in scale, quality, structure, and efficiency [1] Group 1: Financial Performance - Nanjing Bank has achieved a significant increase in green finance loans, with a balance of 258.3 billion yuan as of June, up 56.2 billion yuan from the beginning of the year, representing an increase of nearly 28% [3] - The personal loan balance reached approximately 332 billion yuan by the end of the second quarter, an increase of nearly 11.8 billion yuan, or 3.67%, compared to the end of the previous year [5] Group 2: Strategic Initiatives - The bank is focusing on key areas such as "two highs and two new" and new quality productivity, enhancing credit investment in these sectors to better align financial services with high-quality economic development [3] - Nanjing Bank has launched various innovative financial products, including the "ecological loan" and the first "near-zero carbon factory-linked loan" in the province, to support the green transformation of traditional industries [3] Group 3: International Business and Consumer Support - The bank is optimizing its cross-border financial product and service system, launching the upgraded "Export Quick Loan 2.0" to support foreign trade enterprises and meet diverse financing needs [4] - Nanjing Bank has initiated a special action to boost consumption, introducing a comprehensive upgrade of its consumer finance product service system, including the "Su Travel Loan" and various measures to stimulate consumer demand [4][5]

作为全国系统重要性银行，南京银行深耕经营区域，重点加大对"两重两新"、新质生产力等 关键领域的信贷投放力度，不断提升金融服务对经济高质量发展的适配性和精准度。 织密支持科技创新"牵引线"。 围绕江苏"打造具有全球影响力的产业科技创新中心" "成为发 展新质生产力的重要阵地"，南京银行紧扣本地" 4 2 6 6 "产业体系，分别与全国高校区域技术转 移转化中心（江苏）四个分中心开展战略合作，创新推出科技成果转化贷，以银行信贷、投 贷联动、科创票据等多元组合的方式，满足科技成果各个阶段的金融需求，为科技成果转化 提供全生命周期金融服务，"鑫e科企"累计服务客户近2 . 6万户。发行全国首批民营创投机构 科技创新债券、全国首单资产担保类民营创投科技创新债券、江苏省首单商业银行科技创新 债券；创新推出并落地首笔"仓单e贷"，场景金融建设迈出新步伐。推动传统产业绿色转型， 围绕"减污、降碳、扩绿"三大主线推动产业结构优化和能源清洁转型，创新推出"生态贷"等 金融产品，发放全省首单"近零碳工厂挂钩贷款"，更好支持新型工业化。截至6月末，全行绿 色金融贷款余额2 5 8 3亿元，较年初增加5 6 2亿元，增幅近2 8%。 ...

Core Points - The "Walking Nanjing" public welfare event will officially launch on October 19, 2025, at the Zhonghua Gate, aiming to promote public fitness and showcase the cultural heritage of Nanjing's Ming City Wall [1][2] - The event features two routes: a 35-kilometer full challenge and a 3-kilometer fun short course, allowing participants to enjoy the unique landscapes of Nanjing [1] - This year, a creative design call has been issued for works themed around "walking," "city wall," and "plum blossom," encouraging community engagement [1] Company and Industry Insights - Nanjing Bank has been the title sponsor of the "Walking Nanjing" event for nine consecutive years, with all registration fees donated for the protection and restoration of the city wall [2] - The event has consistently attracted over 2,000 participants each year, highlighting its popularity and community involvement [2] - The organizers emphasize the importance of connecting citizens with history and promoting a green travel concept through this initiative [2]

业绩双 U，股东增持 ——南京银行 2025 年中报点评 投资要点 ❑ 南京银行业绩环比提升，不良生成改善，股东增持彰显信心。 ❑ 数据概览 25H1 南京银行营收、归母净利润同比分别+8.6%、+8.8%，增速环比 25Q1 分别 提升 2.1pc、+1.8pc；25Q2 末南京银行不良率环比上升 1bp 至 0.84%，拨备覆盖 率环比下降 12pc 至 312%。 ❑ 业绩环比改善 南京银行 25H1 营收和归母利润增速均环比提升，呈现 U 型改善态势，略好于市 场预期。主要驱动因素来看：①生息资产增速提升，25Q2 生息资产同比增长 27%，增速较 25Q1 提升 7pc。②减值贡献加大，25H1 资产减值损失同比增长 12%，增速较 25Q1 放缓 2pc；③息差对利润贡献加大，测算 25Q2 单季息差同比 提升4bp，同比提升幅度大于Q1。主要拖累因素来看：①实际税率边际提升，拖 累利润表现，税率上升判断是由于免税的基金规模压降，免税收入减少。②中收 增速放缓，25H1 中收同比增长 7%，增速较 25Q1 放缓 11pc；25H1 其他非息收入 降幅环比收窄，对冲中收下降的影响。展望全年，营收、 ...

Core Viewpoint - Multiple small and medium-sized banks in China have announced reductions in RMB deposit rates, with decreases ranging from 10 to 20 basis points, reflecting a response to previous rate cuts by larger commercial banks and the need to address downward pressure on net interest margins [1][5]. Group 1: Deposit Rate Adjustments - Jiangsu Bank and Nanjing Bank have adjusted their three-year fixed deposit rates from 1.85% to 1.75% [1]. - Highmi Hui Min Village Bank in Shandong has lowered the annual interest rates for personal fixed deposits of 6 months, 1 year, and 2 years by 10 basis points, while the rates for 3-year and 5-year deposits have been reduced by 20 basis points [2]. - Jilin Longtan Huayi Village Bank has also adjusted its deposit rates, lowering the annual interest rate for demand deposits from 0.2% to 0.15%, and reducing rates for various fixed deposit terms by 10 to 20 basis points [3]. - Zhejiang Shengzhou Ruifeng Village Bank and Jilin Baishan Hunjing Hengtai Village Bank have similarly announced reductions in deposit rates, primarily between 10 to 20 basis points [4]. Group 2: Market Context and Trends - The recent rate cuts by small and medium-sized banks are seen as a follow-up to earlier reductions by major banks, which included a maximum cut of 25 basis points [5]. - As of May, the six major banks have set their demand deposit rates at 0.05%, with three-year and five-year deposit rates at 1.25% and 1.3%, respectively [5].

据央视财经报道，近期， 多家中小银行宣布下调人民币存款利率，降幅达10到20个基点。 其中，江苏银行、南京银 行等多家银行宣布调整3年期定期存款利率。 南京银行北京某支行工作人员：上周五，三年期存款利率1.85%调成1.75%了。 江苏银行北京某支行工作人员：三年期存款利率1.75%，之前三年期存款利率是1.85%，是上周三降的。 此外，吉林龙潭华益村镇银行自8月20日起调整存款利率，活期存款年利率由0.2%调整至0.15%，个人储蓄定期存款 3个月、6个月、1年期、2年期的年利率均下调10个基点，3年期、5年期则下调20个基点。 | | 高密惠民村镇银行最新利率公示 | | | | | --- | --- | --- | --- | --- | | CETV 2 | 高密康民村镇银行 2025年08月20日 08:53 山东 | | | | | 则 经 | | | 高密周民村值银行最新利率公示 | | | | 尊敬的客户: | | | | | | 高密惠民村镇银行自2025年08月20日起执行新的存款利率,具体如下: | | | | | | 存款项目 | 存款期限 | 对私存款年利事(%) | 对公存款年利 ...

格隆汇8月28日丨南京银行(601009.SH)披露半年报，公司上半年实现营业收入284.8亿元，同比增长 8.64%；归属于上市公司股东的净利润126.19亿元，同比增长8.84%；基本每股收益1.13元/股。 ...

近期，多家中小银行宣布下调人民币存款利率，降幅达10到20个基点。 近日，江苏银行、南京银行等多家银行宣布调整3年期定期存款利率。 南京银行北京某支行工作人员：上周五，三年（期存款利率）1.85%调成1.75%了。 江苏银行北京某支行工作人员：三年（期存款利率）1.75%，之前三年（期存款利率）是1.85%，是上周三降的。 | | 高密惠民村镇银行最新利率公示 | | | | --- | --- | --- | --- | | CCTV 2 | 高密康同村镇银行 2025年08月20日 08:53 山东 | | | | | | 高空息民村加银行最新利率公示 | | | 则 经 | | | | | | 尊敬的客户: | | | | | | 高密惠民村镇银行自2025年08月20日起执行新的存款利率,具体如下: | | | | 存款项目 存款刷限 | 对私存款年利率(%) | 对公存款年利率(%) | | | 洒期存款 流明 | 0,20 | 0.20 | | | 三个月 | 1.30 | 1.30 | | | 六个月 ਹੋਟ | 1.50 | 1.50 | | | -48 间 | 1.70 | 1.70 | | ...