证券时报网讯，记者从兴业银行获悉，截至2025年1月末，该行服务50岁及以上个人客户超2700万户， 管理综合金融资产逾1.93万亿元。 同时，该行积极参与个人养老金的制度设计与政策试点，在福建省开展个人养老金税收优惠试点、代理 销售个人税收递延商业养老保险，截至2025年1月末，已累计开立个人养老金账户超649万户，位居行业 前列。 ...

证券时报网讯，记者从兴业银行获悉，该行日前落地市场首单债券通"南向通"基础设施互联互通模式项 下欧元债投资业务。 据了解，作为首批参与"南向通"的投资者，兴业银行"南向通"债券交易规模始终位居市场前列。 在2023年获批成为"南向通"做市商后，持续发挥做市报价与流动性支持功能。 ...

公告编号:临 2025-004 A 股代码:601166 A 股简称:兴业银行 优先股代码：360005、360012、360032 优先股简称：兴业优 1、兴业优 2、兴业优 3 可转债代码：113052 可转债简称：兴业转债 1 本次交易未构成关联交易； 本次交易未构成重大资产重组； 交易实施不存在重大法律障碍； 本次交易已经本公司董事会批准。 兴业银行股份有限公司 关于深圳分行购置物业的公告 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： 交易内容：兴业银行股份有限公司（以下简称本公司）深圳分行拟在深 圳市南山区T208-0054地块项目（以下简称该项目）购置部分物业，购置总价不 超过人民币66亿元。本公司已与该项目开发建设单位深圳市安和一号房地产开发 有限公司达成初步交易意向。 一、交易概述 本公司第十一届董事会第六次会议（临时会议）于2025年2月20日审议通过 了《关于深圳分行购置物业的议案》，同意在深圳市南山区T208-0054地块项目 购置部分物业，购置总价不超过人民币66亿元。董事会授权管理层 ...

公告编号：临2025-003 A股代码：601166 A股简称：兴业银行 可转债代码：113052 可转债简称：兴业转债 优先股代码：360005、360012、360032 优先股简称：兴业优1、兴业优2、兴业优3 表决结果：同意 10 票，反对 0 票，弃权 0 票。 二、关于深圳分行购置物业的议案。公告全文详见上海证券交易所网站。 表决结果：同意 10 票，反对 0 票，弃权 0 票。 特此公告。 兴业银行股份有限公司 第十一届董事会第六次会议（临时会议）决议公告 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。 兴业银行股份有限公司（以下简称本公司）第十一届董事会第六次会议（临 时会议）于 2025 年 2 月 10 日以书面方式发出会议通知，于 2 月 20 日在福州市和 北京市举行。本次会议应出席董事 10 名，实际出席董事 10 名，其中吕家进、孙 雄鹏等 2 名董事在福州会场参会；陈信健、乔利剑、朱坤、王红梅、张学文等 5 名董事在北京会场参会；陈躬仙、贲圣林、徐林等 3 名董事以视频接入方式参会， 符合《中华人 ...

年初是电信网络诈骗的高发期，为切实提升客户的防范意识，有效遏制电诈案件发生，保障公众财产安 全。2月初，兴业银行乌鲁木齐分行开启新春反电信网络诈骗宣传工作。 活动期间，兴业银行乌鲁木齐分行充分利用线上线下各类资源，在柜台、宣传栏、电子宣传屏等醒目位 置设置反诈宣传专区，摆放各类反诈宣传资料和海报，内容涵盖常见电信诈骗类型、典型案例解析以及 防范措施等，LED屏滚动播放"不听不信不转账，全民反诈在行动""提高防范意识，谨防网络诈骗"等反 诈标语，提醒到访客户时刻保持警惕。借助微信公众号宣传窗口，转发各类防骗宣传文章，并于春节期 间发短信提示客户21万余人次，让反诈意识在潜移默化中深入人心，以多样化形式广泛传播反诈知识， 营造浓厚的反诈宣传氛围。 据悉，该行网点工作人员对前来办理业务的客户主动问询提示，引导客户下载国家反诈中心APP，带领 客户熟悉和掌握APP中举报、预警等功能，确保客户在办理业务的同时，也能接受一次反诈知识普及。 各网点借助沙龙活动，设置反诈骗知识互动问答环节，客户积极参与，分享亲身经历，工作人员耐心分 析，解答疑问。一位参加活动的客户表示："之前总是接到一些奇怪的电话，自己也不清楚是不是诈 骗 ...

Investment Rating - The investment rating for the company is "Accumulate" with a target price of 22.75 yuan, indicating a potential upside of 12% from the current price of 20.35 yuan [5]. Core Insights - The company has shown a continuous recovery in revenue, with total revenue for 2024 reaching approximately 212.2 billion yuan, a year-on-year increase of 0.66%. The net profit attributable to shareholders is 77.2 billion yuan, with a year-on-year growth of 0.12%, marking a turnaround from negative growth [2][9]. - The asset quality remains stable, with a non-performing loan ratio of 1.07% and a non-performing loan coverage ratio of 237.8%, reflecting a slight improvement compared to the previous quarter [2][17][18]. Financial Performance Summary - **Revenue and Profitability**: The company's total revenue for 2024 is projected at 212.2 billion yuan, with a growth rate of 0.93% for 2024-2026. The net profit is expected to grow by 0.93%, 3.85%, and 5.05% in the following years [3][21]. - **Asset and Liability Growth**: As of the end of 2024, total assets amount to 10.51 trillion yuan, an increase of 2.0% from the previous quarter. Total loans stand at 5.74 trillion yuan, reflecting a year-on-year growth of 5.05% [10][13]. - **Deposit Growth**: Total liabilities are 9.62 trillion yuan, with deposits totaling 5.53 trillion yuan, showing a year-on-year increase of 7.69% [13]. Asset Quality Analysis - The non-performing loan balance is 61.48 billion yuan, with a slight decrease from the previous quarter. The non-performing loan ratio remains stable at 1.07% [17]. - The non-performing loan coverage ratio has increased by 4.2 percentage points, indicating a solid buffer against potential loan losses [18]. Valuation Metrics - The current price-to-book ratio (PB) is 0.64x, with projected book values per share (BPS) of 35.62, 38.29, and 40.78 for 2024, 2025, and 2026 respectively [3][20].

Group 1 - The core viewpoint of the articles highlights the successful implementation of the satellite remote sensing application system by Industrial Bank's Urumqi branch, which facilitated a financing of 10 million yuan for a local agricultural enterprise, marking the first business transaction in Xinjiang after the system's launch [1][2] - The agricultural enterprise specializes in the production and processing of characteristic fruit and has become a key leading enterprise in agricultural industrialization at both the national and regional levels, contributing to poverty alleviation efforts [1][2] - The Urumqi branch of Industrial Bank has significantly increased its use of technology in financial services, providing financial support to over 150 agricultural leading enterprises with a total credit amount exceeding 10 billion yuan and a loan balance of over 1.5 billion yuan [2] Group 2 - The satellite remote sensing application system aims to enhance the efficiency of agricultural asset evaluation and risk warning by utilizing satellite data to remotely identify crop types, planting areas, and growth conditions [2] - The Urumqi branch has reported a 20% increase in agricultural loans, with a balance of nearly 13 billion yuan, reflecting the bank's commitment to injecting financial resources into regional agricultural development [2] - The bank is focused on innovating financial products and service models to better serve the unique needs of regional industries and new agricultural business entities, emphasizing the importance of digital empowerment in rural revitalization [2]

Investment Rating - The investment rating for Industrial Bank is not explicitly stated in the provided documents, but the report indicates a positive outlook on profit growth and asset quality improvements [1][4]. Core Insights - Industrial Bank reported a revenue decline of 3.1% year-on-year for Q4 2024, while the net profit attributable to the parent company increased by 16.9% year-on-year, marking a recovery from a negative growth rate of -10.4% in Q3 2024 [1][4]. - For the full year 2024, revenue growth was 0.66% year-on-year, and net profit attributable to the parent company grew by 0.12%, reversing a negative growth rate of -3.0% observed in the first three quarters of 2024 [1][4]. - The return on equity (ROE) for 2024 decreased by 0.75% to 9.98%, while earnings per share (EPS) remained unchanged at 3.51 [1][4]. Summary by Relevant Sections Financial Performance - Q4 2024 revenue was down 3.1% year-on-year, but net profit attributable to the parent company rose by 16.9% year-on-year, indicating a recovery in profitability [1][4]. - For the entire year of 2024, revenue growth was 0.66% year-on-year, and net profit growth was 0.12%, showing a positive shift from earlier negative trends [1][4]. Asset Quality - Loan growth in Q4 2024 was 5.1%, down from 9.6% year-on-year, while deposit growth was 7.7%, a decrease from 8.9% year-on-year [2][6]. - The non-performing loan (NPL) ratio decreased slightly to 1.07%, and the provision coverage ratio improved to 237.78%, reflecting better asset quality management [2][6].

Investment Rating - The report maintains a "Buy" rating for Industrial Bank (601166) [1] Core Views - Industrial Bank's performance in 2024 showed a recovery in growth, with revenue increasing by 0.7% YoY to RMB 212.2 billion and net profit attributable to shareholders growing by 0.1% YoY to RMB 77.2 billion [4] - The bank's asset quality remained stable, with the non-performing loan (NPL) ratio decreasing by 1bp QoQ to 1.07% and the provision coverage ratio increasing by 4.2pct QoQ to 237.8% [4] - The bank's performance exceeded expectations, with management focusing on stabilizing performance and optimizing structure [5][8] Financial Performance and Forecast - Industrial Bank's operating income for 2024 is expected to reach RMB 212.2 billion, with a YoY growth of 0.7% [7] - Net profit attributable to shareholders is forecasted to grow by 0.1% YoY to RMB 77.2 billion in 2024, with further growth expected in 2025 and 2026 at 0.9% and 3.8% respectively [7][8] - The bank's loan growth slowed to 5.1% in 4Q24, while deposit growth accelerated to 7.7%, providing room for optimizing liability structure and reducing costs [8] Asset Quality and Strategy - Industrial Bank's asset quality remained stable, with the NPL ratio at 1.07% and provision coverage ratio at 237.8% in 4Q24 [4][8] - The bank is focusing on optimizing its credit structure, including reducing bill financing, cautious retail lending, and emphasizing key areas such as the five new strategic sectors [8] - The bank's deposit growth outpaced loan growth, providing opportunities to further reduce liability costs [8] Valuation and Peer Comparison - Industrial Bank's current price corresponds to a 2025E P/B ratio of 0.5x, which is lower than the A-share banking sector average of 0.62x [1][13] - The bank's dividend yield is 5.25%, which is higher than the A-share banking sector average of 4.7% [1][13] - Industrial Bank's ROE is expected to be 9.88% in 2024, slightly below the A-share banking sector average of 10.5% [7][13]

Investment Rating - The investment rating for the company is "Buy" with a current price of 19.80 CNY and a fair value of 29.37 CNY [4]. Core Views - The company's revenue growth remains resilient, with a year-on-year increase of 0.7% for 2024, although this is a decline of 1.1 percentage points compared to the first three quarters of 2024. The net profit attributable to shareholders increased by 0.1% year-on-year, showing a recovery of 3.1 percentage points compared to the previous quarters [8]. - The company is expected to benefit from good growth in interest-earning assets, effective control of net interest margin decline, narrowing declines in fee income, stable investment income growth, and reasonable control of expenses [8]. - The asset quality remains stable, with a non-performing loan ratio of 1.07%, unchanged from the previous year, and a provision coverage ratio of 237.78%, which has increased by 4.24 percentage points from the previous quarter [8]. Summary by Sections Financial Performance - For 2024, total assets and loans increased by 3.5% and 5.1% year-on-year, respectively. The company is expected to allocate a significant amount to investment-type assets in Q4 2024, with an estimated total asset increase of approximately 203.3 billion CNY [8]. - The company’s total liabilities and deposits grew by 2.9% and 7.7% year-on-year, respectively, with deposits contributing significantly to the increase [8]. Profitability Forecast - The company’s net profit growth is projected to be 1.28% and 1.73% for 2025 and 2026, respectively, with earnings per share (EPS) expected to be 3.56 CNY and 3.62 CNY [8]. - The current stock price corresponds to a price-to-earnings (PE) ratio of 5.56X and 5.46X for 2025 and 2026, respectively, and a price-to-book (PB) ratio of 0.50X and 0.47X for the same years [8]. Asset Quality - The company’s non-performing loan balance is projected to increase to 61.4 billion CNY by 2026, with a stable non-performing loan ratio expected to remain around 1.07% [8]. - The provision for loan losses is expected to increase, enhancing the company's risk mitigation capabilities [8].