Bank Of Shanghai(601229)

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多家A股上市城商行成绩单出炉,谁在领跑
Jin Rong Shi Bao· 2025-04-28 13:31
进入4月末,区域性银行纷纷交出2024"成绩单"。截至发稿,17家A股上市城商行中,仅有成都银行 (601838)、西安银行(600928)、厦门银行(601187)、贵阳银行(601997)年报尚待正式发布。 报告数据显示,截至2024年末,资产规模达到两万亿元以上的城商行已有6家,分别为北京银行 (601169)、江苏银行(600919)、上海银行(601229)、宁波银行(002142)、南京银行 (601009)、杭州银行(600926)。其中,北京银行资产总额达到4.22万亿元,较2023年增长12.61%。 杭州银行资产总额2.11万亿元,同比增长14.72%,首次突破两万亿元。 成都银行、长沙银行(601577)也属于"万亿俱乐部"。重庆银行(601963)、苏州银行(002966)、青 岛银行(002948)、齐鲁银行(601665)资产规模均保持10%以上的高速增长。 除A股上市城商行外,2024年,徽商银行实现营业收入371.28亿元,同比增长2.10%,实现净利润159.17 亿元,同比增长6.18%;哈尔滨银行2024年实现营业收入142.43亿元,同比增长7.56%,实现归母净利润 ...
多家银行一把手触及60岁“红线”,金融业或迎高管更替潮
Nan Fang Du Shi Bao· 2025-04-28 13:00
Group 1 - The resignation of Jin Yu as chairman of Shanghai Bank due to age marks a significant leadership change, with Gu Jianzhong appointed as the new party secretary [2] - Wang Liang, the chairman of China Merchants Bank, reported a slight decline in operating income for 2024, while net profit showed a modest increase, reflecting the challenges faced by the banking sector [4][6] - Gao Yingxin, chairman of Minsheng Bank, reported the worst performance in nearly a decade, with a significant drop in both operating income and net profit, despite being the highest-paid executive in the A-share listed banks [8][9] Group 2 - Lu Jianqiang, chairman of Zheshang Bank, introduced the concept of "good financial practices" as a guiding principle for the bank's operations, emphasizing a new financial paradigm [9][11] - The upcoming retirement of several bank executives, including those from major banks, is expected to lead to a wave of leadership changes that could impact strategic direction and corporate culture [22][23] - The implementation of an elastic retirement policy starting in 2025 may allow banks to retain key executives beyond the statutory retirement age, potentially stabilizing leadership during transitions [27]
上海银行:老将顾建忠的“回旋”
阿尔法工场研究院· 2025-04-28 10:41
以下文章来源于阿尔法工场金融家 ,作者银妹妹 阿尔法工场金融家 . 追踪保险银行业圈内动态,剖析最新风向,分享有料、有价值的"内行人"洞察见解。 作 者 | 银妹妹 来源 | 阿尔法工场金融家 导语 :顾建忠的回归,不仅打破了"建行系"近二十年在上海银行的格局,更是该行战略与组织的变化信号。 发布2024年财报的三天前,上海银行(601229.SH)迎来了"老将"的回归。 4月22日,上海银行召开干部大会,宣布原上海农村商业银行(601825.SH。简称上海农商行)行长、党委副书记、副董事长顾建忠,担任上海银行 党委书记。 在上海农商行之前,顾建忠是土生土长的"上银系"干将。在其任职五年期间,上海农商行净利润几乎翻番。 带着这样的耀眼战绩,顾建忠重新执掌上海银行这家总资产超3万亿的城商行龙头。 顾建忠的回归,不仅打破了上海银行近二十年的"建行系"格局,更象征着上海银行或将迎来一场战略方向与内部组织的变革。 年轻的元老 70后的顾建忠,是上海银行的元老级人物。 自上海银行前身——"上海城市合作银行"成立第二年起,顾建忠便加入了该行,并先后在公司金融部、港台业务部、授信审批中心等前台业务部门 担任要职,积累了丰富 ...
上海银行(601229):2024年年报点评:业绩稳健增长,资产质量提升
NORTHEAST SECURITIES· 2025-04-28 06:24
--- 上海银行 2024 年年报点评 事件: [Table_Summary] 上海银行发布 2024 年年报,全年实现营业收入 529.86 亿元,同比增长 4.79%,实现归母净利润 235.60 亿元,同比增长 4.50%。其中,第四季度 实现营业收入 134.44 亿元,同比增长 19.06%,实现归母净利润 59.73 亿 元,同比增长 14.86%。全年加权平均 ROE 为 10.01%,同比下降 0.35 个 百分点。 点评: [Table_Info1] 上海银行(601229) 城商行Ⅱ/银行 [Table_Title] 证券研究报告 / 公司点评报告 业绩稳健增长,资产质量提升 -20% 0% 20% 40% 60% 80% 2024/4 2024/7 2024/10 2025/1 上海银行 沪深300 利息收入占比下降,投资收益显著提升。2024 年公司营收同比增长 4.79% 至 529.86 亿元,其中利息净收入 324.86 亿元,同比下降 7.62%,占营收 比例同比下降 8.23 个百分点至 61.31%,但仍主导公司营收;手续费及佣 金净收入为 39.59 亿元,同比下降 19 ...
四大直辖市城商行PK:北京、上海、重庆、天津的掉队与变阵
3 6 Ke· 2025-04-28 03:25
Core Insights - The four municipalities in China—Beijing, Shanghai, Tianjin, and Chongqing—play a crucial role in the country's economic development and face various challenges amid economic restructuring and competitive pressures [1][19][20] - Beijing Bank, once a leader among city commercial banks, is experiencing stagnation in profit growth and increased competition from peers like Jiangsu Bank and Ningbo Bank [2][3][19] - Shanghai Bank is struggling with declining net interest income and has seen its ranking drop among city commercial banks, despite a notable increase in non-interest income [7][8][19] - Chongqing Bank shows potential for growth with a significant increase in total assets, but it faces challenges related to its business structure, heavily weighted towards corporate loans [12][19] - Tianjin Bank's performance is inconsistent, with significant fluctuations in profits and a declining personal loan portfolio, raising concerns about its future stability [15][19][20] Summary by Company Beijing Bank - As of December 2024, Beijing Bank's total assets reached 42,215.42 billion yuan, a 12.61% increase year-on-year, but net profit growth has slowed to 0.81% [2][19] - The bank's net interest margin has decreased from 1.95% in 2019 to 1.47% in 2024, indicating challenges in profitability [3][19] - The bank is exploring diversification into children's financial services, with over 2 million child financial clients [4][19] Shanghai Bank - Shanghai Bank reported total assets of 32,266.56 billion yuan as of December 2024, with a 4.6% year-on-year increase [7][19] - The bank's net interest income fell by 7.62% in 2024, leading to a net interest margin of only 1.17%, below the industry average [8][19] - Non-interest income grew significantly, with investment income increasing by 94.42% in 2024, highlighting the bank's adaptability in financial markets [9][19] Chongqing Bank - Chongqing Bank's total assets reached 8,566.42 billion yuan, a 12.73% increase year-on-year, marking the highest growth rate since 2018 [12][19] - The bank's loan structure is heavily skewed towards corporate loans, with retail loan growth lagging at only 2.81% [12][19] - The bank's net interest margin was reported at 1.35%, indicating a need for improvement in profitability [13][19] Tianjin Bank - Tianjin Bank's total assets were 9,259.94 billion yuan as of December 2024, a 10.1% increase, but its net profit growth was only 1.1% [15][19] - The bank's personal consumption loan portfolio has declined significantly over the past five years, raising concerns about asset quality [17][19] - The bank's capital adequacy ratios have also decreased, indicating potential challenges in maintaining financial stability [18][19]
创设货币政策新工具,蚂蚁跨界收购
HTSC· 2025-04-28 01:20
Investment Rating - The report maintains an "Overweight" rating for the banking sector and "Buy" for specific stocks such as China Merchants Bank and Industrial Bank [9][12][14]. Core Insights - The report highlights the establishment of new monetary policy tools and emphasizes the importance of stabilizing and activating the capital market [12][18]. - Investment opportunities are identified in the banking sector, followed by securities and insurance [12][14]. - The overall performance of listed banks in Q1 2025 is stable, with a decline in non-performing loan ratios [12][13]. - The report notes a decrease in the scale of wealth management products, with a total of 29.14 trillion yuan, down 810 billion yuan from the beginning of the year [12][19]. Summary by Sections Banking Sector - Listed banks reported a decline in non-performing loan ratios in Q1 2025, but some experienced net losses due to fluctuations in the bond market [2][12]. - The total scale of wealth management products decreased to 29.14 trillion yuan, with a year-on-year growth rate of 9.4% [12][19]. - The report recommends quality stocks such as China Merchants Bank, Industrial Bank, and Chengdu Bank [3][14]. Securities Sector - The China Securities Association issued guidelines to prevent securities firms from manipulating profits through valuation adjustments [2][12]. - The report indicates that the performance of securities firms remains resilient, with a year-on-year increase in net profit of 16% for 2024 and 51% for Q1 2025 [12][19]. - The report highlights the acquisition bid by Ant Group's shareholder for a securities firm, indicating ongoing consolidation in the sector [12][18]. Insurance Sector - The report suggests focusing on companies with relatively stable balance sheets, as the net profits of major insurers like China Ping An and China Taiping have declined [2][12]. - The report notes that the growth of new business value (NBV) remains strong, driven primarily by the bancassurance channel [12][19].
踩雷宝能系、频收罚单,“换帅”是上海银行的良药吗?
凤凰网财经· 2025-04-27 12:57
以下文章来源于征探财经 ,作者征探君 征探财经 . 资本市场的征探君。把征探财经设置为星标,不会错过每篇文章哦~~ 来源丨征探财经 作者丨五仁 4月22日,上海银行(601229.SH)发布公告称,公司董事会收到董事长金煜的辞呈。因年龄原因,金煜辞去公司董事长、执行董事、董事会战略委 员会主任委员职务,辞任后不再担任公司任何职务。在新任董事长任职之前,由公司副董事长施红敏履行董事长及法定代表人职责。 同日,上海银行官方公众号上银微动态发文称,4月22日,上海银行召开领导班子调整宣布会顾建忠同志任上海银行股份有限公司党委书记,并提名 任董事长;金煜同志不再担任上海银行股份有限公司党委书记、董事长职务。 资料显示,金煜现年60岁,2015年6月出任上海银行董事长,至今已10年。顾建忠则是上海银行老将,曾在上海银行工作17余年,历任上海银行多 个部门高管;2018年底又出任上海农商行(601825.SH)行长,推动其在A股上市。 近几年,上海银行从曾经的城商行"二哥"滑落至第四,2022年、2023年其营收分别下滑5.54%、4.8%,到2024年才重回正增长。同时,上海银行 还多次被行政处罚,顾建忠执掌之下,上海 ...
银行业本周聚焦—25Q1不良贷款转让:银行加快个人不良处置,消费贷为主要品种
GOLDEN SUN SECURITIES· 2025-04-27 08:23
Investment Rating - The report maintains an "Overweight" rating for the banking sector [6] Core Viewpoints - The banking sector is expected to benefit from policy catalysts aimed at stabilizing the economy, with a focus on real estate, consumer spending, and social welfare [3] - The report highlights that personal non-performing loans (NPLs) are a significant concern, with a notable increase in the disposal of personal loans, particularly consumer loans [2][3] Summary by Sections 1. NPL Transfer Statistics for Q1 2025 - The total NPL transfer listing scale reached 74.27 billion yuan, a year-on-year increase of 190.5%, with actual transaction volume at 48.3 billion yuan, up 138.8% year-on-year [1] - Joint-stock banks were the primary sellers of NPLs, with a transaction volume of 20.36 billion yuan, accounting for 42.2% of total NPLs [1] - Personal loans accounted for 76.7% of the NPLs, with a transaction volume of 37.04 billion yuan, reflecting a significant year-on-year increase of 761% [2] 2. Sector Insights - Short-term impacts from tariff policies may affect exports, but long-term expansionary policies are expected to support economic growth [3] - The report identifies specific banks to watch under the pro-cyclical strategy, including Ningbo Bank, Postal Savings Bank, and China Merchants Bank [3] 3. Key Data Tracking - The average daily trading volume in the stock market was 1,146.755 billion yuan, an increase of 37.99 billion yuan week-on-week [4] - The balance of margin financing and securities lending was 1.80 trillion yuan, a decrease of 0.11% from the previous week [4] - The issuance of non-monetary fund shares reached 24.579 billion, an increase of 4.103 billion week-on-week [4]
谁在掉队?北京银行、上海银行开启三甲“守位战”
Nan Fang Du Shi Bao· 2025-04-27 06:02
Core Insights - Beijing Bank and Shanghai Bank have maintained their positions in the top three of domestic city commercial banks by total assets, with Beijing Bank ranking first and Shanghai Bank third as of the end of 2024 [2][4][6] - Both banks reported revenue growth of approximately 4.8% in 2024, but Shanghai Bank's net profit growth of 4.4% surpassed Beijing Bank's modest increase of 0.6% [6][7] - The performance disparity is attributed to Shanghai Bank's superior cost control and financial investment strategies, which significantly contributed to its revenue growth [8][10] Financial Performance - In 2024, Beijing Bank's total assets reached 4.22 trillion yuan, while Shanghai Bank's total assets were 3.23 trillion yuan, with the latter's growth rate of 4.6% being the lowest among the top five city commercial banks [4][6] - Beijing Bank's revenue was 69.92 billion yuan and net profit was 25.89 billion yuan, while Shanghai Bank reported revenue of 52.99 billion yuan and net profit of 23.56 billion yuan [5][6] - The average net interest margin for Beijing Bank was 1.47%, while Shanghai Bank's was lower at 1.17%, indicating a competitive disadvantage for Shanghai Bank in interest income [7][11] Asset Quality and Risk Management - As of the end of 2024, Beijing Bank's non-performing loan (NPL) ratio was 1.31%, higher than Shanghai Bank's 1.18%, although the latter faces potential recognition gaps exceeding 10 billion yuan [11][12] - Beijing Bank's credit impairment losses were 20.1 billion yuan, accounting for 28.8% of its revenue, while Shanghai Bank's losses were 12.45 billion yuan, representing 23.5% of its revenue [11][12] - The asset quality of both banks has shown improvement, but Shanghai Bank's approach to recognizing non-performing loans is more lenient compared to Beijing Bank [13] Operational Efficiency - In terms of employee efficiency, Shanghai Bank outperformed Beijing Bank, with per capita revenue and profit significantly higher [8][10] - Shanghai Bank's operating cost as a percentage of revenue was 23.8%, compared to Beijing Bank's 29.1%, highlighting better cost management at Shanghai Bank [10] - Both banks are investing in digital transformation to enhance operational efficiency and risk management [10]
上海银行(601229):息差降幅趋稳,前瞻风险改善
HTSC· 2025-04-25 12:21
Investment Rating - The report maintains a "Buy" rating for the company with a target price of RMB 11.93 [14]. Core Views - The company's net profit and revenue growth for 2024 are projected at 4.5% and 4.8%, respectively, which is higher than previous expectations [1]. - The company is expected to continue its stable growth, with an improvement in hidden risks and a potential for valuation recovery [5]. - The forecast for net profit from 2025 to 2027 is RMB 245 billion, RMB 258 billion, and RMB 273 billion, with year-on-year growth rates of 4.0%, 5.4%, and 5.7% respectively [5]. Summary by Sections Financial Performance - For Q1 2025, the company reported a year-on-year increase in net interest income of 4.7%, contrasting with a decline of 7.6% in 2024 [3]. - The company plans to distribute a dividend of RMB 0.50 per share for 2024, resulting in a dividend payout ratio of 31.22% [1]. Asset Quality - As of the end of 2024, the non-performing loan (NPL) ratios for retail and corporate loans were 1.14% and 1.37%, respectively, indicating a slight improvement in corporate loan quality [4]. - The company has a provision coverage ratio of 271% as of Q1 2025, which is stable compared to the end of 2024 [4]. Valuation Metrics - The report assigns a price-to-book (PB) ratio of 0.67 for 2025, reflecting a stable outlook for the company's valuation [5]. - The estimated book value per share (BVPS) for 2025 is RMB 17.70, which supports the target PB ratio [5]. Market Position - The company's total assets, loans, and deposits grew by 4.6%, 2.1%, and 4.3% respectively by the end of 2024 [2]. - The company has maintained a stable growth in deposits, with an increase in the proportion of demand deposits [2].