上海银行股份有限公司 2024 年度股东大会 会 议 材 料 二○二五年五月十六日 上海银行股份有限公司2024年度股东大会会议文件 上海银行股份有限公司 2024 年度股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效 率，根据《中华人民共和国公司法》《银行保险机构公司治理准则》等法 律、法规的有关规定，特制定本须知。 一、本行根据《中华人民共和国公司法》《银行保险机构公司治理准 则》等法律、法规以及《上海银行股份有限公司章程》《上海银行股份有 限公司股东大会议事规则》的规定，认真做好召开股东大会的各项工作。 二、本行设立股东大会秘书处，具体负责会议组织和记录等事宜。 三、本行董事会以维护股东的合法权益、确保大会的正常秩序和议事 效率为原则，认真履行有关职责。 四、股东参加股东大会依法享有知情权、发言权、质询权、表决权等 各项股东权利。根据本行章程规定，于股权登记日在本行授信逾期的股东， 或股东质押本行股权数量达到或超过其持有本行股权的百分之五十时，其 在股东大会上暂停行使表决权。 五、股东参加股东大会，应当认真履行其法定义务，不得侵犯其他股 东的权益，不得扰乱大会的正常秩序。 六 ...

Core Viewpoint - The financial performance of four major city commercial banks in the Yangtze River Delta—Jiangsu Bank, Shanghai Bank, Ningbo Bank, and Nanjing Bank—has shown varying strengths, with Jiangsu Bank maintaining its leading position while the others have demonstrated notable growth in specific areas [1][2]. Group 1: Financial Performance Overview - As of the end of Q1, Jiangsu Bank leads in total assets at 4.46 trillion yuan, followed by Ningbo Bank at 3.40 trillion yuan, Shanghai Bank at 3.27 trillion yuan, and Nanjing Bank at 2.77 trillion yuan [1]. - For 2024, Jiangsu Bank reported the highest revenue at 808.15 billion yuan, with Ningbo Bank at 666.31 billion yuan, and both Shanghai and Nanjing Banks in the 500 billion yuan range [1]. - Nanjing Bank exhibited the highest revenue growth rate at 11.32%, while Jiangsu and Ningbo Banks maintained over 8% growth [1]. Group 2: Q1 Revenue and Profit Analysis - In Q1, revenue rankings shifted, with Jiangsu Bank at 223.04 billion yuan, Ningbo Bank at 184.95 billion yuan, Nanjing Bank at 141.90 billion yuan, and Shanghai Bank at 135.97 billion yuan [2]. - Jiangsu Bank's net profit for the previous year was the highest at 333.06 billion yuan, with a year-on-year growth of 10.97% [2]. - In Q1, Jiangsu Bank's net profit surpassed 100 billion yuan, reaching 100.92 billion yuan, followed by Ningbo Bank at 74.56 billion yuan [2]. Group 3: Revenue Sources and Trends - The three main revenue sources for banks—net interest income, net fee and commission income, and net investment income—are under pressure due to declining interest rates and changing wealth management demands [3]. - Ningbo Bank showed a significant increase in net interest income growth, with a 2024 growth rate of 17.32%, while Jiangsu Bank's growth was 6.29% [3]. - Jiangsu Bank's net interest income as a percentage of revenue is 69.24%, while Ningbo Bank leads at 72.03% [4]. Group 4: Fee and Commission Income - Jiangsu Bank is the only bank showing a positive growth trend in fee and commission income for 2024, with a growth rate of 3.29% [4]. - Other banks, including Ningbo and Shanghai Banks, experienced declines in fee income, although the rate of decline has slowed [5]. Group 5: Investment Income Insights - Investment income for Jiangsu and Ningbo Banks saw a significant decrease compared to the previous year, with Jiangsu Bank's investment income rising slightly to 22.78% of revenue [6]. - In Q1, Nanjing Bank's fee and commission income surged by 18.001%, becoming the highest among the four banks [7]. Group 6: Net Interest Margin and Cost of Liabilities - As of Q1, Jiangsu Bank had the highest net interest margin at 1.82%, while Shanghai Bank had the lowest at 1.16% [8]. - The banks are facing challenges with narrowing interest margins due to declining benchmark rates and rising liability costs [8][9]. Group 7: Loan Growth and Strategy - Jiangsu and Ningbo Banks increased corporate loan growth significantly, with growth rates of 28.59% and 24.13%, respectively [9]. - Nanjing Bank has also focused on increasing high-interest personal loans, achieving significant growth in consumer loans [10].

同时，上海银行还发布了2025年一季报。2025年一季度，上海银行实现营业收入135.97亿元，同比增长3.85%；实现归母净利润62.92亿元，同比增长2.3%。 2024年，上海银行利息净收入为324.86亿元，同比下降7.62%；手续费及佣金净收入为39.59亿元，同比减少9.56亿元，降幅为19.46%。该行表示，主要受各 项费率下调、减费让利等因素综合影响，代理手续费、顾问和咨询费、银行卡手续费、电子银行手续费等收入同比减少所致。 2024年，上海银行实现其他非利息净收入165.41亿元，同比增长60.55亿元，增幅为57.75%。其中，该行投资收益为131.66亿元，同比增长94.42%。该行表 示，主要是把握市场利率波段，加快金融资产流转，带动投资收益同比增长较快。 4月24日，上海银行发布2024年报，2024年，该行营业收入为529.86亿元，同比上升4.79%；归母净利润为235.60亿元，同比上升4.5%。该行拟向全体普通股 股东每10股派发末期现金股利2.2元（含税）。 | | | | | 单位:人民币千元 | | --- | --- | --- | --- | --- | | 经营业 ...

上海银行1Q25 营收同比+3.9%（vs 2024 全年同比+4.8%），1Q25 净利润同比+2.3%（vs 2024 全年同比 +4.5%）。2024 年全年业绩实现稳步向好，进入1Q25，业绩继续实现稳定增长，负债端成本下降支撑 息差环比改善，手续费降幅收窄，1Q25 债市波动下其他非息仍实现6%正增长。 1Q25 单季净利息收入环比+11%，单季年化净息差环比提升11bp 至1.15%，同比仅下降2bp，息差较为 坚挺：单季年化资产收益率环比下降5bp 至2.91%，计息负债付息率环比下降16bp 至1.76%。年初负债 端支撑力度加强。 资产端：2024 年批零行业、信息传输计算机行业投放占比相较2023 年显著提升。（1）1Q25 生息资产 同比+3.3%（2024 同比+3.9%），贷款同比+0.5%（2024 同比+2.1%）。 （2）从2024 年度信贷结构来看：新增占比方面，对公新增占91.7%，票据新增占52.8%，零售 占-44.5%。行业情况来看，泛政信类（61%）、批发零售类（36.2%）、制造业类（32.2%）、信息传输 计算机软件（13.4%）分占前四。政信类、批零、信息计算 ...

事件: 对公及个人存款在付息率大幅下降的同时保持较高增速，或与公司精进交易银行、巩固养老金融优势等 有关。2025Q1 人民币公司存款同比增长5.0%，付息率为1.51%，同比下降31bps；人民币个人存款同比 增长5.5%，付息率1.90%，同比下降32 bps。公司助力国资国企司库管理体系建设，服务司库客户6507 户，较2024 年末增长5.24%。2025Q1 公司养老金代发获客量同比增长10.30%，截至2025 年一季度末总 规模保持上海地区养老金客户份额第一。 关注类贷款占比下降，拨备覆盖率、拨贷比双增。2025Q1 不良率较上年末持平，仍为1.18%；关注类 贷款占比较上年末下降1bp 至2.05%。拨备覆盖率较上年末提升1.43pct 至271.24%，拨贷比较上年末环 比提升2bps 至3.20%。 盈利预测和投资评级：上海银行负债端成本大幅下行，净息差同比平稳，反映公司交易银行与养老金融 的综合实力。首次覆盖，给予"买入"评级。我们预测2025-2027 年营收为541、555、570 亿元，同比增 速为2.02%、2.74%、2.63%；归母净利润为244、249、256亿元，同比增速 ...

Core Viewpoint - Investment income has become a significant driver of revenue growth for many listed banks in the first quarter of 2025, particularly among city commercial banks and rural commercial banks [1][2]. Group 1: Investment Income Growth - In the first quarter of 2025, 15 out of 17 listed banks reported a year-on-year increase in investment income, with 4 banks showing growth exceeding 100% [2][3]. - Everbright Bank reported the highest increase in investment income at 302.96%, with an investment income of 7.213 billion yuan compared to 1.790 billion yuan in the same period last year [2]. - Shanghai Bank's investment income reached 6.546 billion yuan, a year-on-year increase of 118.74%, contributing nearly 50% to its total revenue [2][3]. - Jiangyin Bank's investment income surged by 143.55% to 415 million yuan, supporting a revenue growth of 6% despite declines in net interest income and fee income [2]. Group 2: Factors Contributing to Investment Income - The increase in investment income is primarily attributed to favorable conditions in the bond market, which has provided a beneficial investment environment for banks [3][4]. - Many banks have intensified financial asset trading to compensate for traditional income shortfalls due to narrowing net interest margins and sluggish growth in intermediary business income [3][4]. - Some banks have optimized their asset allocation and enhanced their investment management capabilities, leading to significant improvements in investment returns [3][4]. Group 3: Strategic Adjustments and Future Outlook - Despite market fluctuations, many banks have successfully realized substantial investment income by adjusting their holding strategies and cashing in on previous gains [4][5]. - Chongqing Bank emphasized a steady development strategy in its financial market operations, focusing on bond trading capabilities and research to enhance revenue contributions [5]. - The sustainability of the growth trend in investment income will depend on the evolving market environment and the banks' strategic adaptability [5].

Core Insights - Regional banks in China have shown stable growth in asset size and revenue for 2024, with several banks surpassing significant milestones in both categories [1][2] Group 1: Asset Growth - As of the end of 2024, six regional banks have surpassed an asset scale of 2 trillion yuan, including Beijing Bank with an asset total of 4.22 trillion yuan, a 12.61% increase from 2023 [1] - Hangzhou Bank's asset total reached 2.11 trillion yuan, marking a 14.72% year-on-year growth, achieving a significant milestone [1] - Other banks like Chengdu Bank and Changsha Bank also joined the "trillion club," while several others maintained over 10% growth in asset size [1] Group 2: Revenue Growth - A-share listed regional banks maintained overall revenue growth in 2024, with Jiangsu Bank leading at 808.15 million yuan, an 8.78% increase [2] - Non-interest income has been a major contributor to revenue growth, with Shanghai Bank's non-interest net income reaching 204.99 million yuan, a 33.11% increase [2] Group 3: Investment Income - The bond market bull run in 2024 significantly boosted investment income for regional banks, with Shanghai Bank reporting a 94.42% increase in investment income to 131.66 million yuan [3] - Other banks like Hangzhou Bank and Jiangsu Bank also saw substantial growth in investment income, contributing to overall revenue recovery [3] Group 4: Profitability - Leading banks in terms of net profit include Jiangsu Bank with 318.43 million yuan, followed by Ningbo Bank and Beijing Bank [4] - The fastest-growing banks in net profit were Qingdao Bank, Hangzhou Bank, and Qilu Bank, with growth rates of 20.16%, 18.07%, and 17.77% respectively [4] Group 5: Challenges and Asset Quality - Some banks faced revenue or net profit declines, such as Zhengzhou Bank with a 5.78% drop in revenue [5] - The non-performing loan (NPL) ratio for regional banks remained stable, with most banks reporting ratios between 0.66% and 1.79% [5] - Regional banks are increasing credit support for key sectors like technology and manufacturing, while also focusing on retail and digital transformation strategies [5]

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]

4月23日，中国人民银行在新闻发布会上介绍了《上海国际金融中心进一步提升跨境金融服务便利化行 动方案》的相关情况。副行长陆磊指出，借由《行动方案》的发布，央行将不断充实和完善跨境金融服 务政策工具箱，以构建一个更加贴合外向型经济需求的金融体系。此举旨在进一步增强上海国际金融中 心的竞争力与影响力。 【金融监管总局完善银行业高管任职资格管理】 金融监管总局发布《银行业金融机构董事（理事）和高级管理人员任职资格管理办法》，将于2025年6 月1日实施。该办法详细规定了任职资格条件、核准程序、金融机构的责任、监管机构的监管职责及法 律责任等内容，并明确了取消相关责任人任职资格的具体情形。 【澳门推出《2025年中小企业银行贷款利息补贴计划》】 澳门特区政府推出了《2025年中小企业银行贷款利息补贴计划》，旨在提高中小企业的资金流动性并减 轻其资金压力。符合条件的企业可在指定期间内向澳门持牌银行申请用于企业运营的资金贷款，并享受 贷款利息补贴。该计划规定了贷款金额上限、补贴期限及年补贴率上限等具体条款。 【央行等部门：支持在沪银行通过供应链金融更好服务长三角等地区"走出去"企业】 【央行宣布将持续优化跨境金融服务政策 ...

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 ...