Core Insights - The competitive landscape among listed city commercial banks has significantly changed in Q1 2025, with Beijing Bank maintaining its leading position in asset size, while Jiangsu Bank leads in revenue and net profit [1][2] - The total number of listed city commercial banks with assets exceeding 2 trillion yuan has increased to six, including Beijing Bank, Jiangsu Bank, Ningbo Bank, Shanghai Bank, Nanjing Bank, and Hangzhou Bank [1] - Strong credit growth has driven asset expansion and supported revenue growth for major city commercial banks [1][3] Group 1: Asset Size and Rankings - As of Q1 2025, Jiangsu Bank's asset size reached 4.46 trillion yuan, closely trailing Beijing Bank by 98 billion yuan [1] - Ningbo Bank's asset size increased to 3.40 trillion yuan, surpassing Shanghai Bank's 3.27 trillion yuan [1] - Nanjing Bank approached 2.8 trillion yuan, while Hangzhou Bank exceeded 2 trillion yuan [1] Group 2: Revenue and Profitability - In Q1 2025, the revenues of Jiangsu Bank, Ningbo Bank, Beijing Bank, Nanjing Bank, and Shanghai Bank were 223.04 billion yuan, 184.95 billion yuan, 171.27 billion yuan, 141.90 billion yuan, and 135.97 billion yuan, with growth rates of 6.21%, 5.63%, -3.18%, 6.53%, and 3.85% respectively [2] - Jiangsu Bank's net profit reached 97.8 billion yuan, followed by Beijing Bank at 76.72 billion yuan and Ningbo Bank at 74.17 billion yuan [2] Group 3: Credit Growth and Interest Income - The significant increase in credit issuance has led to a rise in net interest income for several city commercial banks, with Jiangsu Bank, Nanjing Bank, and Ningbo Bank reporting net interest incomes of 165.92 billion yuan, 77.52 billion yuan, and 128.35 billion yuan, respectively [3] - The year-on-year growth rates for net interest income were 21.94% for Jiangsu Bank, 17.80% for Nanjing Bank, and 11.59% for Ningbo Bank [3] - The strong performance in public loans was noted, with Ningbo Bank, Jiangsu Bank, Hangzhou Bank, and Nanjing Bank showing increases of 17.08%, 13.49%, 9.75%, and 8.75% respectively [2]

Core Viewpoint - The company reported a decline in revenue, PPOP, and net profit for Q1 2025, with year-on-year growth rates of -3.18%, -2.24%, and -2.44% respectively, indicating a significant slowdown compared to the previous year [1] Group 1: Performance Highlights - The company experienced accelerated asset expansion, with total interest-earning assets growing by 15.29% year-on-year as of Q1 2025, an increase of 3.87 percentage points compared to the end of 2024 [2] - Loan growth for Q1 2025 was 10.38% year-on-year, with a quarter-on-quarter increase of 0.73 percentage points [2] - Financial investment scale increased by 19.97% year-on-year, with a quarter-on-quarter improvement of 7.21 percentage points, despite a decrease of 8 billion in AC scale [2] - Deposit growth was robust, with a year-on-year increase of 19.11% in Q1 2025, reflecting a recovery trend since 2024, and a single-quarter deposit increment of 150.5 billion, which is 40.1 billion more than the previous year [2] Group 2: Income and Asset Quality - The company’s net fee and commission income rose by 24.42% year-on-year in Q1 2025, marking a significant increase of 32.25 percentage points compared to the previous year [2] - Retail business transformation strategies led to a rapid increase in retail customer numbers and retail AUM, reaching 31 million and 12.6 trillion respectively, with year-on-year growth rates of 5.36% and 13.84% [2] - The non-performing loan ratio slightly decreased to 1.30% as of Q1 2025, showing a marginal improvement from the previous quarter [3] - The new non-performing loan generation rate was 0.94%, down 3 basis points from the previous year, indicating easing pressure on asset quality [3] Group 3: Challenges and Outlook - Other non-interest income declined by 17.67% year-on-year in Q1 2025, a drop of 33.06 percentage points compared to the previous year, primarily due to adjustments in the bond market [3] - The net interest margin was under pressure, with a quarterly decline of 14 basis points to 1.29%, as the decrease in asset yield outpaced the reduction in liability cost [3] - The company is advised to be actively monitored due to its deepening presence in Beijing, accelerated asset scale expansion, significant deposit growth, strong performance in fee income, and stable asset quality [3]

Core Insights - In the first quarter of 2025, 14 out of 17 A-share listed city commercial banks reported positive revenue growth, with an average growth rate of 2.96%, a decline from 5.61% in the same period last year [1][3][6] - The net profit for 14 banks also showed positive growth, averaging 5.49%, down from 7.05% year-on-year [1][6][7] - The asset scale of A-share listed city commercial banks increased by 6.53% compared to the end of the previous year, up from 4.65% year-on-year [2][9] Revenue Performance - Qingdao Bank led the revenue growth with a year-on-year increase of 9.69%, followed by Xi'an Bank (8.14%), Nanjing Bank (6.53%), and Jiangsu Bank (6.21%) [3][5] - Three banks reported negative revenue growth: Beijing Bank (-3.18%), Guiyang Bank (-16.91%), and Xiamen Bank (-18.42%) [4][5] - Jiangsu Bank achieved the highest revenue among the listed banks, totaling 22.304 billion yuan, while Xiamen Bank had the lowest at 1.214 billion yuan [4][5] Net Profit Performance - Hangzhou Bank led in net profit growth with a 17.3% increase, followed by Qilu Bank (16.47%) and Qingdao Bank (16.42%) [7][8] - Negative net profit growth was reported by Beijing Bank (-2.44%), Guiyang Bank (-6.82%), and Xiamen Bank (-14.21%) [7][8] - Jiangsu Bank reported the highest net profit at 9.78 billion yuan, while Xiamen Bank had the lowest at 0.645 billion yuan [7][8] Asset Scale and Quality - As of March 31, 2025, eight A-share listed city commercial banks had asset scales exceeding 1 trillion yuan, with Beijing Bank and Jiangsu Bank surpassing 4 trillion yuan [9][10] - The overall asset quality showed improvement, with seven banks reporting non-performing loan ratios below 1%, the lowest being Chengdu Bank at 0.66% [11][12]

Market Overview - A-shares exhibited mixed performance with the Shanghai Composite Index experiencing slight fluctuations while the ChiNext and STAR Market indices surged [1] - The Shanghai Composite Index closed down 0.23% at 3279.03 points, while the Shenzhen Component Index rose 0.51% to 9899.82 points, and the ChiNext Index increased by 0.83% to 1948.03 points [1] - The total trading volume across the Shanghai, Shenzhen, and Beijing markets reached 11,933 billion yuan, an increase of over 1,500 billion yuan compared to the previous day [1] Banking Sector Performance - The banking sector faced significant declines, with Huaxia Bank dropping 8.55%, and other major banks like Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China falling over 3% [2][3] - The first quarter financial results of 42 listed banks showed a total operating income of 1.45 trillion yuan, a year-on-year decrease of 1.72%, and a net profit attributable to shareholders of 563.98 billion yuan, down 1.2% [5] - Huaxia Bank reported a total profit of 6.73 billion yuan for the first quarter, a decline of 15.11% year-on-year, while Xiamen Bank's operating income fell by 18.42% [5] Automotive Industry - The automotive supply chain stocks saw significant gains, with companies like Lingdian Electric Control and Jingjin Electric reaching the daily limit of 20% increase, and others like Slin Group rising over 13% [10] - The Ministry of Industry and Information Technology recently released key points for automotive standardization, emphasizing the need for enhanced standards for intelligent connected vehicles, particularly in driver assistance and autonomous driving [10][12] - The regulatory clarity regarding L2 and L3 levels of autonomous driving is expected to lead to increased resource allocation and investment in the automotive intelligence sector [12] AI Applications - The AI application sector showed strong activity, with stocks like Chuangyi Information and Zhejiang Wenhe rising significantly, and several companies hitting the daily limit [7] - Alibaba's Tongyi Qianwen released a new series of models, showcasing competitive performance against leading models in the industry, indicating a robust development in China's large model industry [8]

Core Viewpoint - Beijing Bank has demonstrated resilience in its operations, achieving balanced growth in revenue and profit, while enhancing its service capabilities to the real economy through strategic initiatives and digital transformation [1][2][3]. Financial Performance - As of the end of 2024, Beijing Bank's total assets reached 422.15 billion yuan, a year-on-year increase of 12.61% [1][2]. - The bank reported operating income of 69.917 billion yuan, reflecting a 4.81% year-on-year growth [1][2]. - The non-performing loan ratio stood at 1.31%, a slight decrease of 0.01 percentage points from the previous year [1][2]. Business Growth - The total amount of loans and advances reached 221 billion yuan, up 9.65% year-on-year, with corporate loans increasing by 14.43% and personal loans by 3.23% [2]. - The bank's net profit attributable to shareholders was 25.831 billion yuan, a 0.81% increase compared to the previous year [2]. Asset Quality - Beijing Bank has strengthened its asset management and risk control measures, leading to improved asset quality [2][3]. - The bank's non-performing loan management strategies have enhanced the resilience of its asset quality [2]. Digital Transformation - The bank is set to enter the "comprehensive digital operation 2.0" phase, having completed its three-year digital transformation goals [3]. - As of the end of 2024, the number of mobile banking personal customers reached 17.8 million, with over 7 million monthly active users [7][8]. Green Finance Initiatives - Beijing Bank has launched a three-year green finance development strategy and introduced various green financial products [5][6]. - The balance of green loans reached 210.35 billion yuan, with a growth rate of 43.11% [6]. Inclusive Finance Efforts - The bank has implemented measures to enhance its inclusive finance offerings, achieving a balance of 310.614 billion yuan in inclusive finance loans, growing at 28.3% [6]. Pension Finance Development - Beijing Bank is actively developing pension finance services, with over 1.7 million personal pension accounts opened [7]. Digital Currency Initiatives - The bank has expanded its digital currency application, with transaction volumes exceeding 10 billion yuan throughout the year [8].

Core Viewpoint - The banking sector in both Hong Kong and A-shares has experienced a collective decline after reaching continuous highs, with significant drops in major banks' stock prices and disappointing first-quarter earnings reports for 2025 [1][4][5]. Group 1: Stock Performance - The A-share banking sector index fell by 1.69%, with notable declines including Huaxia Bank down over 8%, and other banks like Beijing Bank, Shanghai Rural Commercial Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China dropping more than 3% [1][2]. - In the Hong Kong market, Shengjing Bank fell over 5%, while China Merchants Bank, Industrial and Commercial Bank of China, and Postal Savings Bank of China dropped more than 4% [1][3]. Group 2: Earnings Reports - Multiple banks reported disappointing earnings for the first quarter of 2025, with Huaxia Bank's net profit at 5.063 billion yuan, a year-on-year decrease of 14.04% [6][8]. - Other banks such as Guizhou Bank, Construction Bank, Industrial and Commercial Bank, and China Bank also reported declines in net profit, with decreases ranging from 2.90% to 14.04% [6][8]. Group 3: Market Sentiment and Future Outlook - Analysts noted that the reduction in the Loan Prime Rate (LPR) in 2024 suggests that banks may face pressure on asset yields in 2025, with expectations of further interest rate cuts and reserve requirement ratio reductions [9]. - Despite some banks showing profit growth, the overall performance did not meet market expectations, leading to diminished investor confidence [8]. - Passive funds have increased their holdings in bank stocks, while active funds have reduced their exposure, indicating a shift in investment strategy [10][12].

Market Overview - The A-share market experienced a shift with funds moving from previously popular sectors like banks and PEEK materials back to technology sectors, particularly computing power stocks [1] - As of the latest trading session, the Shanghai Composite Index fell by 0.17%, while the Shenzhen Component Index rose by 0.59%, and the ChiNext Index increased by nearly 1% [1] Computing Power Stocks - Computing power concept stocks saw a significant surge, with companies like Hongbo Co., Ltd. (002229) achieving a four-day consecutive limit-up [2] - Other notable performers included Zhejiang Wenlian (600986) and Focus Technology (002315), both of which also hit their daily price limits [6][7] AI Sector Developments - The Beijing government has released a work plan to support the healthy and high-quality development of the private economy, which includes backing private enterprises in building intelligent computing centers and providing support for companies purchasing self-controlled GPU chips [8] - Major companies like Tencent and Alibaba have made substantial GPU resource purchases from ByteDance, with Tencent acquiring approximately 2 billion yuan worth [8] - ByteDance reportedly has around 1 million GPU cards, positioning it among the top in global computing power resources [8] Banking Sector Performance - The banking sector faced a collective downturn, with Huaxia Bank leading the decline at 8%, while other major banks like China Construction Bank and Agricultural Bank of China also saw declines exceeding 2% [9][10] - Specific financial results for Q1 2025 showed Huaxia Bank's net profit at 5.063 billion yuan, down 14.04% year-on-year, and China Construction Bank's net profit at 83.35 billion yuan, down 3.99% year-on-year [10]

Retail Sector Activity - The retail sector showed significant activity with Maoye Commercial (600828) hitting the daily limit and achieving five consecutive trading limits [1][4] - Other notable stocks in the retail sector included Cuiwei Co. (603123) and Laisen Tongling (603900), both reaching the daily limit, while Zhongxing Commercial (000715) and Hongqi Chain (002697) also saw substantial gains [4] Economic Indicators - In the first quarter, China's total retail sales of consumer goods reached 12.47 trillion yuan, marking a year-on-year growth of 4.6%, which is an acceleration of 1.1 percentage points compared to the previous year [6] - March alone saw a growth rate of 5.9% in retail sales [6] AI Glasses Concept - The AI glasses concept opened strong with Yingtong Communications (002861) hitting the daily limit, while Deep Konka A surged over 8% [7] Computing Power Leasing Concept - The computing power leasing concept gained momentum with Changshan Beiming (000158), Chaoxun Communication (603322), and Hongbo Co. (002229) all reaching the daily limit, and Yitian Intelligent (300911) rising over 10% [8] Real Estate Sector Movement - The real estate sector experienced a surge with Zhonghua Enterprise (600675) and Yuehongyuan A both hitting the daily limit, while Huayuan Real Estate (600743) and Xinhuangpu (600638) increased by over 7% [9] Banking Sector Decline - The banking sector faced declines, with Huaxia Bank dropping over 8%, and major banks like China Construction Bank, Beijing Bank, and others falling by more than 2% [10] Manufacturing PMI - China's manufacturing purchasing managers' index (PMI) for April was reported at 49%, a decrease of 1.5 percentage points from the previous month, indicating a contraction in the manufacturing sector [11] - High-tech manufacturing PMI stood at 51.5%, indicating continued expansion in that sector [11] - The service sector maintained expansion with a business activity index of 50.1, despite a slight decline from the previous month [11] US Automotive Tariff Developments - President Trump signed an announcement to provide compensation for tariffs on imported auto parts, allowing up to 3.75% of the retail price for compensation, which will decrease to 2.5% in the second year [12] - This move reflects ongoing pressure on the government regarding its tariff policies [12]

证券代码：601169 证券简称：北京银行 公告编号：2025-028 北京银行股份有限公司 关于召开2024年年度股东大会的通知 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： 一、召开会议的基本情况 (一)股东大会类型和届次 2024年年度股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 5 月 21 日 9 点 00 分 召开地点：北京银行总行三层新闻发布厅 (五)网络投票的系统、起止日期和投票时间 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 5 月 21 日 至2025 年 5 月 21 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间 为股东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00； 通过互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 ...

证券代码：601169 证券简称：北京银行 公告编号：2025-027 北京银行股份有限公司监事会决议公告 本公司监事会及全体监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。 一、通过《关于<北京银行 2025 年第一季度报告>的议案》。 书面审核意见如下： 1.北京银行股份有限公司 2025 年第一季度报告的编制和审议程 序符合法律、法规、公司章程和公司内部管理制度的各项规定； 1 2.北京银行股份有限公司 2025 年第一季度报告的内容和格式符 合中国证监会和证券交易所的各项规定，报告内容真实、准确、完整 地反映出公司当期的经营管理和财务状况等事项； 3.在本次监事会之前，未发现参与一季报编制和审议的人员有违 反保密规定的行为。 重要内容提示： 谭宁监事因公务未出席会议，委托李晓慧外部监事代为出席并 行使表决权。 北京银行股份有限公司（以下简称"本行"）监事会二〇二五年 第五次会议于 2025 年 4 月 28 日在北京召开，采用现场表决方式。会 议通知和材料已于 2025 年 4 月 18 日以电子邮件方式发出。本次监事 会应到监事 ...