Group 1: Core Insights - The financial performance of eight major city commercial banks shows positive growth in both revenue and net profit for 2024, with Jiangsu Bank leading in both categories, surpassing 80 billion and 30 billion respectively for the first time [4][6][7] - Nanjing Bank recorded the highest revenue growth rate at 11.3%, while Hangzhou Bank led in net profit growth at 18.1%. In contrast, Chongqing Bank had the lowest growth rates in both revenue and net profit, below 4% [4][6][7] - By the end of 2024, seven out of the eight city commercial banks reported double-digit growth in total assets, with Shanghai Bank lagging at 4.6% [6][12] Group 2: Revenue and Profit Analysis - The average revenue growth rate for the eight banks was 7.1%, while the average net profit growth rate was 8.7% [7] - Jiangsu Bank's revenue and net profit were 80.82 billion and 31.84 billion respectively, maintaining its top position. Ningbo Bank followed with revenues of 66.63 billion and net profits of 27.13 billion [7][8] - The profitability ratio, measured as net profit per 100 units of revenue, showed Chengdu Bank at 56, while Changsha Bank was the lowest at 30.8 [8] Group 3: Asset Quality and Risk Management - By the end of 2024, Chongqing Bank had the highest non-performing loan (NPL) ratio at 1.25%, while Shanghai and Changsha Banks followed with ratios of 1.18% and 1.15% respectively [12] - The provision coverage ratio for Chongqing Bank was the lowest at 245.08%, with Shanghai Bank at 269.81%. In contrast, six banks maintained coverage ratios above 300%, with Hangzhou Bank leading at 541.45% [12][13] Group 4: Individual Business Performance - Ningbo Bank's net interest income grew by 17.3% to 47.99 billion, while its fee and commission income fell by 19.3% to 4.66 billion [9][10] - Chongqing Bank reported a 2.6% decrease in net interest income to 10.18 billion, but a significant increase in fee income by 115.7% to 0.89 billion [10][11]

Core Viewpoint - The performance of 14 out of 17 listed city commercial banks in China for 2024 shows resilience and growth despite challenges in the banking sector, with many banks leveraging regional advantages and differentiated business strategies to achieve notable results [1][2]. Revenue and Profit Growth - The average revenue growth rate for the 14 listed city commercial banks reached 5.31% year-on-year, with Nanjing Bank leading at 11.32% growth [2][3]. - Jiangsu Bank and Ningbo Bank achieved over 8% revenue growth despite a high base, supported by quality credit resources in the Jiangsu and Zhejiang regions [2][3]. Performance Summary of Listed City Commercial Banks - Jiangsu Bank: Revenue of 808.15 billion, up 8.78%; Net profit of 318.43 billion, up 10.76% [3]. - Beijing Bank: Revenue of 699.17 billion, up 4.81%; Net profit of 258.31 billion, up 0.81% [3]. - Ningbo Bank: Revenue of 666.31 billion, up 8.19%; Net profit of 271.27 billion, up 6.23% [3]. - Nanjing Bank: Revenue of 502.71 billion, up 11.32%; Net profit of 201.77 billion, up 9.05% [3]. - Zhengzhou Bank: Revenue decreased by 5.78% to 128.77 billion, attributed to weak corporate loan growth [3][4]. Asset Quality and Risk Management - Zhengzhou Bank reported a non-performing loan (NPL) ratio of 1.79%, higher than the average for city commercial banks, indicating a need for improvement in asset quality management [7]. - All 14 listed city commercial banks maintained a provision coverage ratio above the regulatory minimum of 150%, with Hangzhou Bank and Ningbo Bank showing exceptional performance [8][9]. Differentiated Business Strategies - City commercial banks are encouraged to adopt differentiated development strategies based on regional characteristics to enhance their business models [10]. - Ningbo Bank focuses on risk management in exchange rate and interest rate, achieving a 20.15% increase in institutional deposits [11]. - Beijing Bank plans to leverage digital products and services to enhance its business model in a low-interest environment [11].

证券代码：601009 证券简称：南京银行 公告编号：2025-005 优先股简称：南银优 1 优先股代码：360019 可转债简称：南银转债 可转债代码：113050 南银优 2 360024 重要内容提示： 本次股票上市类型为非公开发行股份；股票认购方式为网下，上市股数为 1,131,108,262 股。 本次股票上市流通总数为 1,131,108,262 股。 本次股票上市流通日期为 2025 年 4 月 23 日。 一、本次限售股上市类型 2020年4月13日，南京银行股份有限公司（以下简称"南京银行"或"本公司"） 收到中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于核准南 京银行股份有限公司非公开发行股票的批复》（证监许可[2020]653号），经中国 证监会核准，本公司于2020年4月向法国巴黎银行等3家特定对象非公开发行人民 币普通股（A股）1,524,809,049股（以下简称"本次发行"或"本次非公开发行"）。 本次发行新增股份已于2020年4月23日在中国证券登记结算有限责任公司上 海分公司办理完毕登记托管手续。其中，法国巴黎银行、江苏交通控股有限公司 认购的股票限售期为60 ...

中信建投证券股份有限公司 关于南京银行股份有限公司 非公开发行股票部分限售股解禁上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）作 为南京银行股份有限公司（以下简称"南京银行"或"公司"）公开发行A股可 转换公司债券的保荐人，根据《证券发行上市保荐业务管理办法》《上海证券交 易所股票上市规则》及《上海证券交易所上市公司自律监管指引第11号——持续 督导》等有关法律法规和规范性文件的要求，对南京银行非公开发行股票部分限 售股解禁上市流通事项进行了认真、审慎的核查，发表核查意见如下： 一、本次上市流通的限售股类型 各认购对象认购股份数量及锁定期限情况如下： 中国烟草总公司江苏省公司（江苏省烟草公司）所持有的限售期限36个月的 1 限售股，已于2023年4月24日上市流通，详见南京银行于2023年4月18日在上海证 券交易所发布的《南京银行股份有限公司非公开发行限售股上市流通公告》。本 次上市流通的限售股为法国巴黎银行、江苏交通控股所持有的限售期限60个月的 限售股。 经中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于核准 南京银行股份有限公司非公开发行股票的批复》（ ...

2025年4月12日，南京银行（601009）股份有限公司(证券简称：南京银行，证券代码：601009)发布公告，详细披露了部分股东近期增持公司 股份的重要情况。公告显示，南京紫金投资集团有限责任公司的控股子公司紫金信托有限责任公司，在2024年10月8日至2025年4月10日期 间，通过上海证券交易所集中竞价交易稳步推进增持计划，累计增持南京银行股份7713.05万股，占公司总股本的0.70%。增持完成后，紫金 信托持有南京银行股份总数达到18959.64万股。 与此同时，东部机场集团投资有限公司也在同一时间段内，采用相同的集中竞价交易方式积极增持，累计增持南京银行股份17272.29万股， 占公司总股本的1.56%，增持后持股总数增至28848.95万股。截至2025年4月10日，南京银行总股本为110.75亿股，紫金集团及其控股子公司 紫金信托合计持有南京银行股份比例为13.73%，东部机场集团投资有限公司持股比例为2.60%。 | 增持股东名称 | 増持股份 性质 | 变动前持有 股数(股) | 变动后持有 股数(股) | 增持占 2025年4月 10 日总股本比例 | | --- | --- | - ...

Core Points - The announcement details the increase in shareholding by certain shareholders of Nanjing Bank, indicating confidence in the company's future growth and value [2][4] - The total share capital of Nanjing Bank is reported to be 11,075,041,994 shares as of April 10, 2025 [3][5] Shareholding Changes - Zijin Trust, a subsidiary of Zijin Investment Group, plans to increase its holdings by 77,130,523 shares, representing 0.70% of the total share capital, from October 8, 2024, to April 10, 2025 [2][4] - Eastern Airport Group Investment Co., Ltd. intends to increase its holdings by 172,722,924 shares, accounting for 1.56% of the total share capital, during the same period [2][4] Current Shareholding Structure - After the increase, Zijin Group and its subsidiary Zijin Trust will hold a combined total of 13.73% of Nanjing Bank's shares [5] - Eastern Airport Group Investment Co., Ltd. will hold 2.60% of the company's shares following the increase [5] Compliance and Commitments - The shareholding increase does not trigger a mandatory tender offer and is funded entirely by the shareholders' own funds [6] - The increasing shareholders have committed not to reduce their holdings within the legal timeframe [7] - The changes comply with relevant laws and regulations, including the Securities Law and the Management Measures for the Acquisition of Listed Companies [8]

关于部分股东增持股份的公告 特别提示： 证券简称: 南京银行 证券代码: 601009 编号: 2025-004 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 本公司总股本以 2025 年 4 月 10 日总股本 11,075,041,994 股计算。 一、本次权益变动情况 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 ●本次权益变动属于增持，不触及要约收购。 近日，南京银行股份有限公司(以下简称"本公司")收到部分股东关于增持 本公司股份的告知函，现将相关情况公告如下： ●南京紫金投资集团有限责任公司控股子公司紫金信托有限责任公司于 2024 年 10 月 8 日至 2025 年 4 月 10 日期间，合计增持本公司股份 77,130,523 股，占本公司总股本比例为 0.70%；东部机场集团投资有限公司于 2024 年 10 月 10 日至 2025 年 4 月 10 日期间，合计增持本公司股份 172,72 ...

Core Insights - The eight city commercial banks in the Yangtze River Economic Belt have reported positive growth in revenue and net profit for 2024, with Jiangsu Bank leading in both categories, surpassing 80 billion and 30 billion respectively for the first time [2][3][4] Revenue and Profit Growth - The average revenue growth rate for the eight banks is 7.1%, while the average net profit growth rate is 8.7% [3][6] - Jiangsu Bank's revenue and net profit are 80.82 billion and 31.84 billion respectively, maintaining the top position [3][4] - Nanjing Bank has the highest revenue growth rate at 11.3%, while Hangzhou Bank leads in net profit growth at 18.1% [6][4] Asset Growth and Quality - By the end of 2024, seven out of the eight banks recorded double-digit growth in total assets, with Jiangsu Bank achieving the highest growth rate of 16.1% [12][13] - Chongqing Bank has the highest non-performing loan (NPL) ratio at 1.25% and the lowest provision coverage ratio at 245.08% [14][12] Performance Disparities - Despite overall growth, performance varies significantly among the banks, with Ningbo Bank showing a strong increase in net interest income by 17.3% [7][8] - Chongqing Bank's net interest income decreased by 2.6%, but it saw a significant increase in fee and commission income by 115.7% [9][10] Individual Business Performance - Both Ningbo Bank and Chongqing Bank face pressure on personal business profits, with Ningbo Bank's personal business revenue declining by 2% [11][9]

Summary of Key Points Core Viewpoint - The company, Phoenix Shipping (Wuhan) Co., Ltd., has provided a guarantee for its wholly-owned subsidiary, Shanghai Huatai Shipping Co., Ltd., to secure a credit facility of 10 million yuan from Nanjing Bank, Shanghai Branch [2][4]. Group 1: Guarantee Overview - On March 6, 2025, the company's board approved a proposal to provide a guarantee for its subsidiary's credit application [2]. - The guarantee is a joint liability guarantee for a credit limit of 10 million yuan [2]. - The financing term is set for one year [2]. Group 2: Guarantee Details - The guarantee covers the principal debt, interest (including compound interest and penalties), damages, and other amounts payable under the main contract [2]. - The guarantee period extends for three years from the maturity of each debt incurred under the credit limit [3]. Group 3: Cumulative Guarantee and Financial Impact - As of April 8, 2025, the company has no other external guarantees and has not faced overdue debts or litigation related to guarantees [4]. - The total guarantee amount after this transaction is 10 million yuan, representing 1.84% of the company's audited net assets from the previous year [4].

- The "CSI Smart High Dividend Strategy Index" was launched by the China Securities Index Company in 2024 to optimize traditional dividend stock selection logic through dynamic screening mechanisms and volatility control rules[2][32] - The index selects 50 stocks with continuous dividends and high expected dividend yields, using a "expected dividend yield" selection method combined with a dividend yield and volatility weighting mechanism to avoid the "high dividend trap" and ensure selected stocks have stable dividend capabilities and low volatility[2][32][39] - The index's construction process includes selecting stocks with continuous dividends over the past three years, calculating the expected dividend yield based on disclosed cash dividend plans, and weighting by the ratio of dividend yield to volatility[39][41] - The index has shown superior performance with higher annualized returns, lower volatility, and smaller maximum drawdowns compared to other dividend indices, demonstrating its value in long-term asset allocation[2][33][37] Model Performance Metrics - CSI Smart High Dividend Strategy Index, annualized return: 19.66%, annualized volatility: 24.60%, Sharpe ratio: 0.88, maximum drawdown: 64.82%[37] - Dividend Low Volatility 100 Total Return Index, annualized return: 17.87%, annualized volatility: 24.47%, Sharpe ratio: 0.81, maximum drawdown: 64.02%[15][37] - CSI Dividend Total Return Index, annualized return: 14.14%, annualized volatility: 25.86%, Sharpe ratio: 0.75, maximum drawdown: 72.13%[15][37] - CSI All Share Total Return Index, annualized return: 11.00%, annualized volatility: 26.29%, Sharpe ratio: 0.50, maximum drawdown: 71.48%[15] Factor Construction and Evaluation - The "expected dividend yield" factor is constructed by calculating the dividend yield based on disclosed cash dividend plans and adjusting for stock price at the end of April[39][41] - The factor is evaluated positively for its ability to avoid the "high dividend trap" and ensure selected stocks have stable dividend capabilities and low volatility[2][39] - The index's weighting method, which uses the ratio of dividend yield to volatility, effectively controls annualized volatility and enhances risk-adjusted returns[39][41] Factor Performance Metrics - CSI Smart High Dividend Strategy Index, dividend yield: consistently higher than other dividend indices during the period from September 30, 2024, to March 31, 2025[38] - The index's constituent stocks have a net asset return rate of approximately 10.5% and the lowest asset-liability ratio among compared dividend indices, indicating high profitability and low debt risk[54][56]