| 城商行 | 营业收入(亿) | 同比(%) | 归母净利润(亿) | 同比(%) | | --- | --- | --- | --- | --- | | 江苏银行 | 808.2 | 8.8 | 318.4 | 10.8 | | 宁波银行 | 666.3 | 8.2 | 271.3 | 6.2 | | 下通银行 | 529.9 | 4.8 | 235.6 | 4.5 | | 南京银行 | 502.7 | 11.3 | 201.8 | 9.1 | | 杭州银行 | 383.8 | 9.6 | 169.8 | 18.1 | | 长沙银行 | 259.4 | 4.6 | 79.8 | 6.9 | | 成都银行 | 229.8 | 5.9 | 128.6 | 10.2 | | 重庆银行 | 136.8 | 3.5 | 51.2 | 3.8 | | 城商行 | 资产总计(亿) | 同比 | 不良率(%) | 同比(自分点) | 拔音漫盖率(% | 同比(百分点) | | --- | --- | --- | --- | --- | --- | --- | | 江苏银行 | 39518.1 | 16.1% | 0.89 ...

4月16日，渝农商行发布公告称，经董事会审议通过，提名新任党委书记刘小军为执行董事候选人，并 选举刘小军为董事长。 资料显示，渝农商行前身为重庆市农村信用社，成立于1995年。截止2024年末，渝农商行总资产规模为 1.51万亿元，同比增加738.60亿元；存款余额9419.46亿元，同比增加457.44亿元；贷款余额7142.73亿 元，同比增加375.62亿元；不良贷款率为1.18%，拨备覆盖率为363.44%。 简历信息显示，刘小军拥有国有大行、信托公司等金融机构任职经验，2002年毕业后，他便入职建设银 行总行；2006年，又加入中信信托，先后担任业务部门高级经理、副总经理等职。去年年初，被任命为 重庆发展投资公司党委书记、董事长。 业绩方面，2024年渝农商行实现营业收入282.62亿元，同比增长1.09%；归母净利润115.13亿元，同比 增长5.6%，基本每股收益0.99元。 最新季报显示，截止2025年3月末，渝农商行实现营业收入72.2亿元，同比增加1亿元，增幅1.4%；归母 净利润37.5亿元，同比增加2.2亿元，增幅6.3%。不良贷款率为1.17%，较上年末下降0.01个百分点；拨 备覆 ...

Core Viewpoint - Chongqing Rural Commercial Bank, also known as YNong Bank, has appointed Liu Xiaojun as the new chairman after a six-month vacancy in the position, marking a significant leadership change for the bank [2][3]. Management Changes - Liu Xiaojun was elected as the executive director and chairman during the fifth board meeting on April 16, 2024, and his appointment is subject to approval from regulatory authorities [3]. - Liu Xiaojun has a strong educational background with a bachelor's degree from Xiamen University and a master's degree from Fudan University, along with extensive experience in banking and trust industries [3][4]. - Prior to joining YNong Bank, Liu served as the chairman of Chongqing Development Investment Company, indicating a strategic move within the local financial sector [4]. Financial Performance - In 2024, YNong Bank reported a revenue of 28.262 billion yuan, a year-on-year increase of 1.09%, and a net profit of 11.5127 billion yuan, up 5.60% from the previous year [5]. - The bank's non-interest income surged by nearly 30%, with investment income rising from 2.169 billion yuan in 2023 to 4.199 billion yuan, reflecting a 93.56% increase [5]. - As of the first quarter of 2025, YNong Bank achieved a revenue of 7.224 billion yuan, a 1.35% increase year-on-year, and a net profit of 3.817 billion yuan, up 4.24% [5]. Asset and Liability Overview - As of March 31, 2025, YNong Bank's total assets reached 1.61 trillion yuan, an increase of 95.388 billion yuan or 6.30% from the previous year [6]. - The total liabilities amounted to 1.474964 trillion yuan, reflecting a 6.78% increase [6]. - The bank maintained a non-performing loan ratio of 1.17%, a slight decrease from the previous year, and a provision coverage ratio of 363.30% [6]. Real Estate Sector Performance - Notably, YNong Bank reported zero non-performing loans in the real estate sector for 2024, a rare achievement in the industry [7]. - The bank clarified that a high amount of non-performing loans in the real estate sector in 2023 was due to a single asset, which has since been resolved [7]. - Future credit investments in the real estate sector will focus on major strategic projects in Chongqing, with decisions based on market assessments [7].

Core Viewpoint - Chongqing Rural Commercial Bank (渝农商行) has appointed Liu Xiaojun as the new chairman, marking the second leadership change since its A-share listing in 2019, following a six-month vacancy in the position [1][2]. Group 1: Leadership Change - Liu Xiaojun has been elected as the chairman of Chongqing Rural Commercial Bank, pending approval from the shareholders' meeting and regulatory authorities [1]. - This is the second time the bank has changed its chairman since its A-share listing, with the previous chairman, Liu Jianzhong, resigning in April 2022 due to age [1][2]. Group 2: Company Performance - As of the end of Q1 2025, Chongqing Rural Commercial Bank reported a revenue of 7.224 billion yuan, a year-on-year increase of 1.35%, and a net profit of 3.745 billion yuan, up 6.27% [3]. - The bank's total assets exceeded 16.1 trillion yuan, an increase of 953.88 billion yuan (6.30%) from the previous year, while total liabilities rose to 14.7 trillion yuan, up 936.31 billion yuan (6.78%) [3]. - The non-performing loan ratio stood at 1.17%, a slight decrease of 0.01 percentage points from the previous year, with a provision coverage ratio of 363.30%, remaining stable [3]. Group 3: Financial Metrics - In 2024, the bank achieved a total revenue of 28.262 billion yuan, reflecting a 1.09% year-on-year growth, and a net profit of 11.513 billion yuan, which is a 5.6% increase [3]. - The net interest income for 2024 was 22.495 billion yuan, down 4.25% year-on-year, with a net interest margin of 1.51%, a decrease of 13 basis points [3]. - Non-interest income for 2024 was 5.767 billion yuan, a significant increase of 29.23%, accounting for 20.41% of total revenue, up 4.45 percentage points [3][4]. Group 4: Investment Performance - The bank's net income from fees and commissions in 2024 was 1.612 billion yuan, a decrease of 10%, while other non-interest income rose to 4.155 billion yuan, an increase of 55.53% [4]. - Investment income and net gains from fair value changes reached 3.848 billion yuan, an increase of 16.35% year-on-year, attributed to effective investment portfolio management and market opportunities [4].

4月16日，重庆农村商业银行股份有限公司（简称"渝农商行"）(601077.SH)发布公告称，该行召开第五届董事会第五十五次会 议，审议通过《关于选举刘小军为重庆农村商业银行股份有限公司董事长的议案》。刘小军的董事长任职资格自该行股东大会 审议通过其担任该行执行董事且获国家金融监督管理总局重庆监管局核准之日起生效，至本届董事会任期届满为止。 本文系观察者网独家稿件，未经授权，不得转载。 公开资料显示，刘小军早期在建设银行和中信信托担任多个管理职位，积累了丰富的金融和企业治理经验。在中信信托，他历 任高级经理、副总经理至业务总监等职，对信托业务有深刻理解。此外，他还担任过中国宏桥集团非执行董事，这些经历使他 在渝农商行工作时能更好地理解企业客户需求，提供切实可行的金融解决方案，推动金融与实体经济的紧密结合。 在刘小军接任之前，渝农商行的掌舵者是谢文辉 。谢文辉于 2024 年 10 月 16 日因工作调动辞去渝农商行董事长等一系列职 务，之后履新该行第一大股东实际控股企业 —— 重庆渝富控股集团党委书记、董事长一职。 渝农商行作为一家扎根于重庆的农村商业银行，近年来在农村金融领域发挥了重要作用。其业务涵盖了零售 ...

Core Viewpoint - The Chongqing Rural Commercial Bank has appointed Liu Xiaojun as the new chairman, following the departure of the previous chairman due to a job transfer. This leadership change is expected to continue the bank's growth trajectory in terms of both scale and profitability. Group 1: Leadership Change - Liu Xiaojun has been nominated as the executive director candidate and elected as the chairman of Chongqing Rural Commercial Bank, pending approval from the shareholders' meeting and regulatory authorities [1][2] - Liu Xiaojun, born in December 1976, has a background in various financial institutions, including China Construction Bank and CITIC Trust, and was previously the chairman of Chongqing Development Investment Company [2][3] Group 2: Financial Performance - As of the end of Q1 2025, Chongqing Rural Commercial Bank's total assets exceeded 1.6 trillion yuan, reaching 16,103.30 billion yuan, with a year-to-date increase of 953.88 billion yuan, representing a growth rate of 6.30% [5][6] - For Q1 2025, the bank reported an operating income of 72.24 billion yuan, a year-on-year increase of 1.35%, and a net profit attributable to shareholders of 37.45 billion yuan, up 6.27% year-on-year [6][7] - The bank's non-performing loan ratio stood at 1.17%, a slight decrease of 0.01 percentage points from the beginning of the year, while the provision coverage ratio remained stable at 363.30% [6][7] Group 3: Historical Context - The previous chairman, Xie Wenhui, resigned in October 2024 due to a job transfer, and until Liu Xiaojun's qualifications are approved, the current executive director and president, Sui Jun, will act as the chairman [4]

证券代码：601077 证券简称：渝农商行 公告编号：2025-015 重庆农村商业银行股份有限公司 第五届董事会第五十五次会议决议公告 本行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。 重庆农村商业银行股份有限公司（以下简称"本行"）第五届董事会第五十 五次会议于 2025 年 4 月 16 日在本行总行 401 会议室以现场方式召开。本行已于 2025 年 4 月 15 日以电子邮件形式发出会议通知和材料。本次会议应出席董事 8 名，实际出席董事 8 名（其中，现场出席董事 1 名，董事胡淳女士、殷祥林先生、 彭玉龙先生、张桥云先生、李明豪先生、李嘉明先生、毕茜女士以通讯方式参会）。 本行股东上海豫园旅游商城（集团）股份有限公司质押本行股权比例超过 50%， 根据监管规定对其提名的彭玉龙董事在董事会上的表决权进行了限制。会议的召 开符合法律、法规、规章和本行章程的有关规定。 本次会议由执行董事隋军先生主持。本次会议审议通过了以下议案： 一、《关于提名刘小军先生为重庆农村商业银行股份有限公司执行董事候选 人的议案》 表决情况：有 ...

Core Points - The A-share market's three major indices closed mixed, with the Shanghai 380 Index down 0.25% at 5304.0 points and a trading volume of 88.591 billion yuan [1] - The Shanghai 380 Index has decreased by 6.15% over the past month, increased by 1.25% over the past three months, and has fallen by 1.15% year-to-date [1] - The index is composed of 380 securities selected from the Shanghai Stock Exchange based on criteria such as revenue growth rate, return on equity, trading volume, and total market capitalization [1] Index Composition - The top ten weighted stocks in the Shanghai 380 Index include: Hu Nong Commercial Bank (1.28%), Chifeng Gold (1.21%), Chengdu Bank (1.14%), Yunnan Agricultural Commercial Bank (1.02%), Yutong Bus (0.94%), Rockchip (0.87%), Hengtong Optic-Electric (0.80%), China Software (0.78%), Shengyi Technology (0.74%), and Hongfa Technology (0.72%) [1] - The index is entirely composed of stocks listed on the Shanghai Stock Exchange, with a 100% allocation [1] Industry Breakdown - The industry composition of the Shanghai 380 Index includes: Industrial (26.66%), Information Technology (14.56%), Materials (12.26%), Financials (10.34%), Healthcare (10.20%), Consumer Discretionary (8.46%), Communication Services (4.72%), Energy (3.72%), Consumer Staples (3.55%), Utilities (3.37%), and Real Estate (2.15%) [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, with a sample adjustment limit of 10% [2] - Special adjustments may occur under certain circumstances, such as when a sample is delisted or undergoes mergers, acquisitions, or splits [2]

Investment Rating - The report maintains an "Overweight" rating for the banking sector [5][40]. Core Insights - The report highlights that the growth in social financing (社融) is supported by both credit and government bonds, with March's new social financing reaching 5.89 trillion yuan, exceeding expectations [6][14]. - The credit situation shows a recovery due to a low base effect, with new loans in March increasing by 3.64 trillion yuan, which is 550 billion yuan more than the same period last year [8][20]. - The report emphasizes the importance of government bond issuance, which maintained high growth, with new financing in March amounting to 1.5 trillion yuan, a year-on-year increase of 1 trillion yuan [18][31]. Summary by Sections Social Financing Overview - In March, social financing increased by 5.89 trillion yuan, which is 1.0544 trillion yuan more than the same month last year, and the stock of social financing grew by 8.4% year-on-year [6][14]. - The structure of new financing in March was composed of 64.5% from loans, 25.2% from government bonds, and -0.8% from corporate bonds [15][18]. Credit Situation - The report notes that the increase in credit is primarily driven by a low base effect, with new RMB loans increasing by 5.358 billion yuan year-on-year [18][20]. - The breakdown of new loans shows that corporate short-term loans increased significantly, while residential loans remained stable compared to last year [20][22]. Market Trends - The report indicates that M1 growth has improved, with M0, M1, and M2 growing by 11.5%, 1.6%, and 7.0% respectively in March [31][33]. - New deposits in March totaled 4.25 trillion yuan, with a year-on-year increase of 6.7%, although this was a decrease of 0.55 trillion yuan compared to the previous year [33][34]. Investment Recommendations - The report suggests focusing on bank stocks due to their dividend attributes, particularly large banks and quality city commercial banks [11][39]. - Two main investment themes are highlighted: high-dividend large banks and city commercial banks with strong regional advantages [11][39].

Investment Rating - The report maintains a "Recommended" investment rating for the banking industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [21]. Core Insights - The report highlights a marginal improvement in performance growth, with core revenue contributions increasing. As of April 12, 2024, 25 out of 42 listed banks reported a year-on-year revenue growth of -0.4% and a net profit growth of 2.0%, both showing a 1 percentage point improvement compared to the previous three quarters [5][6]. - The report anticipates that the banking sector will benefit from strong fiscal policies implemented since October 2024, which are expected to boost economic confidence and stabilize asset quality. If these policies effectively stimulate the real estate and consumer sectors, there will be opportunities for cyclical strategies [5][6]. Summary by Sections Industry Basic Data - The banking sector consists of 42 listed companies with a total market capitalization of approximately 114,992 billion and a circulating market value of about 78,974 billion [2]. Relative Index Performance - The absolute performance of the banking sector over the past month is 5.0%, 17.3% over six months, and 17.7% over twelve months. The relative performance is 2.8%, 15.6%, and 24.4% respectively [3]. Market Review - For the week of April 7-13, 2025, the major indices saw declines, with the Shanghai Composite Index down 3.11% and the Shenzhen Component Index down 6.73%. The average daily trading volume in the A-share market was 10,349 billion, up 41.54% from the previous week [5]. Investment Recommendations - The report suggests focusing on banks with high dividend yields and strong asset quality, such as state-owned banks and regional banks with high provision coverage ratios. It also recommends banks with a high proportion of retail assets, which are expected to show greater resilience in the economic recovery [5][6]. Specific banks highlighted include: - Ningbo Bank, Jiangsu Bank, and China Merchants Bank, all rated as "Recommended" with projected EPS growth for 2025 [6].