Core Viewpoint - Changshu Bank's vice president Cheng Pengfei has been approved for his position, marking an internal promotion from the role of general manager of the transaction banking department [2][5]. Group 1: Leadership Changes - Cheng Pengfei is a long-time employee of Changshu Bank, having risen through the ranks from a grassroots clerk to a management position [4]. - The bank's leadership has undergone significant changes in the past two years, with the approval of new chairman Xue Wen and president Bao Jian in July of the previous year [7]. - The management team is showing a trend towards younger leadership, with the new chairman and president born in 1974 and 1981, respectively [8]. Group 2: Management Structure - With Cheng Pengfei's appointment, the management team of Changshu Bank is becoming more complete, now including chairman Xue Wen, president Bao Jian, and vice presidents Cheng Pengfei, Gan Qing, Lu Dingchang, and Li Yong [9]. - As of mid-2025, Changshu Bank reported total assets of 401.23 billion, a year-on-year increase of 9.45%, with operating income of 6.062 billion, up 10.1%, and net profit attributable to shareholders of 1.969 billion, reflecting a growth of 13.51% [9].

证券日报网讯 9月24日晚间，常熟银行发布公告称，今日，本行收到《苏州金融监管分局关于程鹏飞常 熟农村商业银行副行长任职资格的批复》，核准程鹏飞先生本行副行长任职资格。 （文章来源：证券日报） ...

Core Viewpoint - Changshu Rural Commercial Bank has received approval for the appointment of Cheng Pengfei as the vice president of the bank, indicating a strategic move in leadership to enhance its operational capabilities [1] Group 1: Appointment Details - Cheng Pengfei has been approved to serve as the vice president of Changshu Rural Commercial Bank by the Suzhou Financial Regulatory Bureau [1] - Cheng was born in July 1979 and holds both a bachelor's degree and a master's degree [1] Group 2: Career Background - Cheng has held various positions within Changshu Rural Commercial Bank, including roles in the cashier department, business development, and financial markets [1] - His previous roles include assistant general manager of the financial market department and vice president of the asset management department [1] - Cheng has also served as the president of the fund operation center and general manager of the transaction banking department [1]

Core Viewpoint - Changshu Bank has received approval for the appointment of Cheng Pengfei as the Vice President, indicating a strategic move in leadership to enhance the bank's operational capabilities and governance [1] Group 1: Appointment Details - Cheng Pengfei has been approved as the Vice President of Changshu Bank by the Suzhou Financial Regulatory Bureau [1] - Cheng was born in July 1979 and holds both a bachelor's degree and a master's degree [1] - His career at Changshu Bank includes various roles such as clerk, assistant manager, and general manager in multiple departments, showcasing a diverse experience within the bank [1] Group 2: Career Progression - Cheng has held positions including Assistant to the General Manager of the Financial Market Department and Vice President of the Asset Management Department [1] - He currently serves as a member of the Party Committee and President of the Fund Operations Center, as well as General Manager of the Transaction Banking Department [1]

程鹏飞先生的简历详见本行刊载于上海证券交易所网站（www.sse.com.cn） 的《常熟银行第八届董事会第五次会议决议公告》。 江苏常熟农村商业银行股份有限公司 关于程鹏飞先生副行长任职资格获核准的公告 江苏常熟农村商业银行股份有限公司（以下简称"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个别及连带责任。 今日，本行收到《苏州金融监管分局关于程鹏飞常熟农村商业银行副行长任 职资格的批复》（苏州金复〔2025〕167号），核准程鹏飞先生本行副行长任职 资格。 证券代码：601128 证券简称：常熟银行 公告编号：2025-046 特此公告。 江苏常熟农村商业银行股份有限公司董事会 2025年9月24日 ...

Market Performance - The rural commercial bank sector increased by 1.75% on September 24, with Yunnan Rural Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Individual Stock Performance - Yunnan Rural Commercial Bank (601077) closed at 6.54, up 1.87% with a trading volume of 853,400 shares and a transaction value of 559 million [1] - Changshu Bank (601128) closed at 7.11, up 1.57% with a trading volume of 412,600 shares and a transaction value of 291 million [1] - Shanghai Rural Commercial Bank (601825) closed at 8.67, up 0.70% with a trading volume of 244,700 shares and a transaction value of 212 million [1] - Jiangyin Bank (002807) closed at 4.56, up 0.44% with a trading volume of 258,000 shares and a transaction value of 118 million [1] - Qingnong Commercial Bank (002958) closed at 3.17, down 0.31% with a trading volume of 435,000 shares and a transaction value of 138 million [1] Fund Flow Analysis - The rural commercial bank sector experienced a net outflow of 639,800 yuan from main funds, while retail funds saw a net inflow of 28.92 million yuan [1] - Individual stock fund flows showed that Changshu Bank had a main fund net inflow of 22.92 million yuan, while Yunnan Rural Commercial Bank had a net inflow of 9.09 million yuan from main funds [2] - Jiangyin Bank experienced a significant net outflow of 18.43 million yuan from main funds, indicating a potential concern among investors [2]

Core Viewpoint - The mid-term dividend plans of A-share listed banks for 2025 are progressing steadily, reflecting confidence in development and returning value to investors [1] Group 1: Mid-term Dividend Distribution - As of September 22, 17 A-share listed banks have disclosed their mid-term profit distribution plans, with major state-owned commercial banks being the main contributors, each proposing dividends exceeding 10 billion [2] - Notably, Changsha Bank has implemented its first mid-term dividend since its listing, with a payout of 0.20 yuan per share totaling 804 million [2] - The six major state-owned banks maintain a dividend payout ratio around 30%, showcasing their commitment to stable operations and shareholder returns [2] Group 2: Industry Trends and Insights - The participation and enthusiasm for mid-term dividends among listed banks have significantly increased in 2025, becoming a new trend in the industry [4] - Experts attribute this trend to improved bank performance, corporate governance, and market confidence, indicating a strong belief in future profitability [4] - The implementation of mid-term dividends is seen as a proactive measure to boost investor confidence and manage valuations [4] Group 3: Sustainability and Future Outlook - The widespread adoption of mid-term dividends is expected to enhance investor returns and attract long-term capital, fostering a positive market cycle [5] - Experts predict that with the continuous improvement of the macro economy, the profitability of the banking sector is likely to improve steadily, supporting the expansion of dividend scales [5] - Factors such as easing interest margin pressures and the growth of non-interest income from wealth management are expected to further enhance the stability of bank earnings [5]

Core Viewpoint - Changshu Bank reported a strong performance in the first half of 2025, with significant increases in revenue and net profit, while also expanding its presence through village banks and strategic acquisitions [1][2]. Financial Performance - The bank achieved an operating income of 6.062 billion yuan, a year-on-year increase of 10.10% [1]. - Net profit attributable to shareholders reached 1.969 billion yuan, reflecting a year-on-year growth of 13.51% [1]. - Total assets as of June 30 reached 401.227 billion yuan, up 9.45% from the beginning of the year [1]. - The non-performing loan ratio stood at 0.76%, a slight decrease of 0.01 percentage points from the start of the year [1]. - The provision coverage ratio was 489.53%, down 10.98 percentage points compared to the beginning of the year [1]. Loan and Revenue Composition - Loans outside Changshu accounted for 68.15% of total loans, an increase of 0.15 percentage points from the beginning of the year [2]. - Revenue from areas outside Changshu made up 66.52% of total operating income [2]. - The pre-provision profit from these regions constituted 66.62% of the total [2]. Strategic Expansion - Changshu Bank is actively pursuing a "village reform and branch" strategy, having announced plans to absorb and merge with several village banks [4]. - The bank's chairman indicated that this strategy aims to deepen the institutional layout within the province and achieve concentrated development at the city level [5]. - As of June 30, total assets of the village banks controlled by Changshu Bank reached 63.91 billion yuan, with total deposits of 55.972 billion yuan and total loans of 43.406 billion yuan [5]. Asset Quality and Risk Management - The non-performing loan ratio for village banks was 1.05%, remaining stable since the beginning of the year [5]. - The provision coverage ratio for village banks increased by 18.94 percentage points to 336.28% [5]. - The bank is focused on maintaining asset quality while expanding its footprint through the village bank model [5].

Core Viewpoint - The mid-term dividend distribution among A-share listed banks is progressing, with several banks announcing their plans for 2025, indicating a positive trend in the banking sector's profitability and governance [1][4]. Group 1: Dividend Announcements - Recently, Hu Nong Commercial Bank and Changsha Bank announced their mid-term cash dividends, totaling 3.128 billion yuan, with Hu Nong distributing 2.324 billion yuan and Changsha distributing 804 million yuan [1][2]. - As of September 22, 17 banks have disclosed their mid-term profit distribution plans for 2025, with several banks, including Changsha Bank and Ningbo Bank, implementing mid-term dividends for the first time since their listings [1][4]. Group 2: Dividend Distribution Details - Hu Nong Commercial Bank's cash dividend is based on a total share capital of 9.644 billion shares, distributing 0.241 yuan per share, while Changsha Bank's distribution is based on 4.022 billion shares at 0.20 yuan per share [2]. - In September, three other banks, including Changshu Bank and Minsheng Bank, completed their mid-term dividend distributions, totaling 6.633 billion yuan [2]. Group 3: Dividend Ratios and Trends - The six major state-owned commercial banks have a cash dividend ratio of around 30%, with some city commercial banks and rural commercial banks exceeding this level [3]. - The expansion of mid-term dividends among listed banks reflects a recovery in bank performance, providing sufficient profit space for such distributions [4]. Group 4: Market Implications - Analysts suggest that mid-term dividends enhance predictability, boost investor confidence, and improve valuations, supported by the current strong performance of listed banks [4]. - The overall improvement in bank performance, driven by easing interest margin pressures and growth in non-interest income, is expected to sustain and potentially increase dividend distributions in the future [4][5].

Market Performance - On September 22, the rural commercial bank sector rose by 0.05% compared to the previous trading day, with Shanghai Rural Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Individual Stock Performance - Shanghai Rural Commercial Bank (601825) closed at 65.8, with a gain of 1.30% and a trading volume of 301,400 shares, amounting to a transaction value of 258 million yuan [1] - Other notable performances include: - Chongqing Rural Commercial Bank (601077) at 6.27, up 0.16% [1] - Qingdao Rural Commercial Bank (002958) at 3.17, unchanged [1] - Zhangjiagang Bank (002839) at 4.32, down 0.23% [1] - Zijin Bank (601860) at 2.86, down 0.69% [1] - Ruifeng Bank (601528) at 5.31, down 0.93% [1] - Wuxi Bank (600908) at 5.84, down 1.02% [1] - Sunong Bank (603323) at 4.98, down 1.39% [1] - Changshu Bank (601128) at 6.95, down 1.56% [1] - Jiangyin Bank (002807) at 4.52, down 1.74% [1] Capital Flow Analysis - The rural commercial bank sector experienced a net inflow of 61.3 million yuan from institutional investors, while retail investors saw a net inflow of 291,200 yuan [1] - Notable capital flows for individual stocks include: - Shanghai Rural Commercial Bank had a net outflow of 35.5 million yuan from institutional investors [2] - Zijin Bank saw a net inflow of 17.5 million yuan from institutional investors [2] - Changshu Bank had a net inflow of 13.0 million yuan from institutional investors [2] - Wuxi Bank had a net inflow of 10.6 million yuan from institutional investors [2] - Jiangyin Bank experienced a net outflow of 11.5 million yuan from institutional investors [2]