格隆汇10月28日丨瑞丰银行(601528.SH)发布三季报，2025年前三季度实现营业总收入33.56亿元，同比 增长1.03%；归属母公司股东净利润15.26亿元，同比增长5.85%；基本每股收益为0.78元。 ...

人民财讯10月28日电，瑞丰银行（601528）10月28日发布2025年第三季度报告，该行前三季度实现营业 收入和归属于上市公司股东的净利润分别为33.56亿元、15.26亿元，同比增长分别为1.03%、5.85%。截 至9月末，该行资产规模为2302.65亿元，较年初增长4.43%；不良贷款率0.98%，较年初上升0.01个百分 点。 ...

本行于 2025 年 10 月 17 日以电子邮件及书面方式向全体监事发出关于召开 第五届监事会第五次会议的通知。本次会议于 2025 年 10 月 28 日在本行以现场 和视频相结合的方式召开。会议由监事长罗妙娟主持，会议应到监事 9 人，实到 监事 9 人。本次会议符合《中华人民共和国公司法》（以下简称"《公司法》"）等 法律法规及《公司章程》的有关规定。 证券代码：601528 证券简称：瑞丰银行 公告编号：2025-031 浙江绍兴瑞丰农村商业银行股份有限公司 第五届监事会第五次会议决议公告 浙江绍兴瑞丰农村商业银行股份有限公司（以下简称"本行"或"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法律责任。 详情请查阅本行官方网站投资者关系专栏中披露的《浙江绍兴瑞丰农村商业 1 本次会议审议并通过了以下议案： 一、2025年第三季度报告 监事会出具如下审核意见： （一）本行《2025 年第三季度报告》的编制和审议程序符合《公司法》等 法律、法规以及《公司章程》和相关内部管理制度的规定； （二）本行《2025 年第三季度报告》的 ...

证券代码：601528 证券简称：瑞丰银行 公告编号：2025-029 浙江绍兴瑞丰农村商业银行股份有限公司 第五届董事会第五次会议决议公告 浙江绍兴瑞丰农村商业银行股份有限公司（以下简称"本行"或"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。 本次会议审议并通过了以下议案： 一、2025年第三季度报告 该事项已经本行董事会审计委员会审议通过。 详情请查阅本行同日披露在上海证券交易所网站（www.sse.com.cn）的《浙 江绍兴瑞丰农村商业银行股份有限公司 2025 年第三季度报告》。 表决结果：同意 16 票，反对 0 票，弃权 0 票。 二、2025年第三季度第三支柱信息披露报告 该事项已经本行董事会审计委员会审议通过。 详情请查阅本行官方网站投资者关系专栏中披露的《浙江绍兴瑞丰农村商业 银行股份有限公司 2025 年第三季度第三支柱信息披露报告》。 表决结果：同意 16 票，反对 0 票，弃权 0 票。 本行于 2025 年 10 月 17 日以电子邮件及书面方式向全体董事发出关于召开 第五届董事会第五次会议的 ...

Financial Performance - Total revenue for Q3 2025 was CNY 1,097,833, a decrease of 4.41% compared to the same period last year[5] - Total profit amounted to CNY 671,147, reflecting a 14.41% increase year-over-year[5] - Net profit attributable to shareholders reached CNY 636,308, up 6.22% from the previous year[5] - Total operating income for the first three quarters of 2025 reached RMB 3,356,440 thousand, a slight increase of 1.03% compared to RMB 3,322,120 thousand in the same period of 2024[25] - The total profit for the first three quarters of 2025 was RMB 1,532,538 thousand, representing an increase of 8.96% from RMB 1,406,334 thousand in 2024[25] - Net profit for the first three quarters of 2025 reached RMB 1,514,826 thousand, compared to RMB 1,427,128 thousand in the same period of 2024, reflecting an increase of about 6.12%[31] - The net profit attributable to shareholders of the parent company was RMB 1,525,945 thousand, an increase of 5.86% from RMB 1,441,620 thousand in the previous year[26] - Earnings per share for the first three quarters of 2025 were RMB 0.78, up from RMB 0.73 in the same period of 2024[26] Assets and Liabilities - The total assets of the bank increased to CNY 230,265,090, representing a growth of 4.43% from the end of the previous year[5] - Total assets increased to RMB 224,033,424 thousand as of September 30, 2025, up from RMB 215,427,011 thousand at the end of 2024, representing a growth of approximately 3.73%[29] - Total liabilities increased to RMB 210,692,356 thousand from RMB 201,276,705 thousand year-over-year[24] - The bank's total liabilities amounted to RMB 204,920,407 thousand as of September 30, 2025, compared to RMB 196,639,040 thousand at the end of 2024, indicating a growth of about 4.6%[29] Equity and Capital - The bank's total equity increased to RMB 19,572,734 thousand from RMB 19,226,184 thousand[24] - The bank's total equity increased to RMB 19,113,017 thousand as of September 30, 2025, compared to RMB 18,787,971 thousand at the end of 2024, reflecting a growth of approximately 1.73%[30] - The capital adequacy ratio was reported at 14.05%, down from 14.87% at the end of 2024[13] - The bank's capital reserve and surplus remained unchanged at RMB 1,348,976 thousand and RMB 3,503,070 thousand respectively[24] Loans and Deposits - The bank's total loans and advances amounted to RMB 129,201,725 thousand, up from RMB 127,100,520 thousand at the end of 2024[23] - Total deposits reached CNY 170,211,461, an increase of 4.69% from CNY 162,691,518 at the end of 2024[8] - Customer deposits and interbank deposits net increase was RMB 7,216,903 thousand in the first three quarters of 2025, down from RMB 8,874,762 thousand in 2024, a decrease of approximately 18.7%[33] Profitability Ratios - The bank's basic earnings per share for the quarter was CNY 0.32, a 6.67% increase year-over-year[5] - The weighted average return on equity was 13.24%, a decrease of 0.36 percentage points compared to the previous year[5] Cash Flow - The net cash flow from operating activities improved to RMB 3,102,638 thousand, compared to a negative cash flow of RMB -3,444,193 thousand in the same period last year[27] - The bank's cash flow from operating activities generated a net amount of RMB 3,389,723 thousand in the first three quarters of 2025, a significant recovery from a net outflow of RMB -3,518,598 thousand in 2024[33] - The total cash and cash equivalents at the end of the period were RMB 6,846,836 thousand, compared to RMB 8,350,978 thousand at the end of the same period last year[28] - The ending balance of cash and cash equivalents for the first three quarters of 2025 was 6,658,390, down from 8,236,022 in 2024[34] Non-Performing Loans - The bank's non-performing loan ratio stood at 0.98%, slightly up from 0.97% at the end of 2024[11] - The bank's non-performing loan ratio remains stable, with no significant changes reported in the shareholder structure during the reporting period[21] Other Financial Metrics - The bank's financial investments in debt instruments rose to RMB 33,059,629 thousand from RMB 28,558,012 thousand[23] - The bank's interest income decreased to RMB 5,091,940 thousand in the first three quarters of 2025, down from RMB 5,206,599 thousand in 2024, a decline of approximately 2.2%[31] - The bank's investment activities resulted in a net cash outflow of RMB -983,479 thousand in the first three quarters of 2025, an improvement from a net outflow of RMB -1,133,659 thousand in 2024[33] - The company reported a net cash outflow from financing activities of RMB -2,237,623 thousand, a decrease from a net inflow of RMB 1,055,403 thousand in the previous year[28] - Other comprehensive income after tax attributable to the parent company was RMB -797,348 thousand, a significant decline from RMB 163,390 thousand in the same period of 2024[26]

证券代码：601528 证券简称：瑞丰银行 公告编号：2025-030 浙江绍兴瑞丰农村商业银行股份有限公司 关于关联交易的公告 浙江绍兴瑞丰农村商业银行股份有限公司（以下简称"本行"或"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： 1 经本行第五届董事会第五次会议审议通过，同意给予浙江恒晨印染有限 公司（以下简称"恒晨印染"）在原 9900 万元授信额度上增加授信额度 3600 万元。至本次关联交易为止，过去十二个月内本行给予恒晨印染及 其同一关联人的授信总额度为 9900 万元（不含本次关联交易），上述授 信额度已于 2025 年 8 月 27 日在上海证券交易所（以下简称"上交所"） 网站披露。本次关联交易后，本行给予恒晨印染及其同一关联人的授信 总额度为 13500 万元。 经本行第五届董事会第五次会议审议通过，同意：给予绍兴佳颖电子科 技有限公司（以下简称"佳颖电子"）新增授信额度 1000 万元；给予绍 兴林盈贸易有限公司（以下简称"林盈贸易"）新增授信额度 1000 万元。 至本次关联交易为 ...

Market Overview - The rural commercial bank sector experienced a decline of 0.75% on October 28, with Jiangyin Bank leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Individual Stock Performance - Key stock performances in the rural commercial bank sector included: - Ruifeng Bank: Closed at 5.51, unchanged - Sunong Bank: Closed at 5.24, down 0.19% - Zijin Bank: Closed at 2.91, down 0.34% - Changshu Bank: Closed at 7.00, down 0.57% - Yuanxi Bank: Closed at 6.14, down 0.65% - Hunan Rural Commercial Bank: Closed at 8.70, down 0.68% - Qingnong Bank: Closed at 3.24, down 0.92% - Yunnan Rural Commercial Bank: Closed at 6.96, down 1.00% - Zhangjiagang Bank: Closed at 4.49, down 1.10% - Jiangyin Bank: Closed at 4.94, down 1.20% [1] Capital Flow Analysis - The rural commercial bank sector saw a net inflow of 16.51 million yuan from institutional investors, while retail investors experienced a net outflow of 25.96 million yuan [1] - Detailed capital flow for selected banks included: - Sunong Bank: Net inflow of 13.07 million yuan from institutional investors, with a net outflow of 9.25 million yuan from retail investors [2] - Hunan Rural Commercial Bank: Net inflow of 13.06 million yuan from institutional investors, with a net outflow of 16.03 million yuan from retail investors [2] - Qingnong Bank: Net inflow of 7.95 million yuan from institutional investors, with a net outflow of 7.73 million yuan from retail investors [2] - Jiangyin Bank: Net outflow of 5.93 million yuan from institutional investors, with a net inflow of 8.14 million yuan from retail investors [2]

Core Insights - The agricultural commercial bank sector experienced a slight decline of 0.13% on October 27, with the Shanghai Agricultural Commercial Bank leading the drop [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - The closing prices and performance of key agricultural commercial banks are as follows: - Yunnan Agricultural Commercial Bank (601077) closed at 7.03, up 1.44% with a trading volume of 651,800 shares and a transaction value of 455 million [1] - Wuxi Bank (600908) closed at 6.18, up 0.32% with a trading volume of 176,600 shares and a transaction value of 109 million [1] - Zhangjiagang Bank (002839) closed at 4.54, up 0.22% with a trading volume of 373,600 shares and a transaction value of 170 million [1] - Other banks like Su Nong Bank (603323) and Zijin Bank (601860) saw declines of 0.19% and 0.34% respectively [1] Fund Flow Analysis - The agricultural commercial bank sector saw a net inflow of 24.73 million from institutional investors and 41.41 million from retail investors, while retail investors had a net outflow of 66.14 million [1] - Detailed fund flow for specific banks indicates: - Jiangyin Bank (002807) had a net inflow of 9.34 million from institutional investors and a net outflow of 18.65 million from retail investors [2] - Wuxi Bank (600908) had a net inflow of 8.72 million from institutional investors and a net outflow of 10.73 million from retail investors [2] - Other banks like Zijin Bank (601860) and Yunnan Agricultural Commercial Bank (601077) also experienced mixed fund flows with significant retail outflows [2]

Investment Rating - The investment rating for the industry is "Positive" (maintained) [1] Core Insights - The report highlights that retail non-performing loan (NPL) rates and generation rates are currently high, indicating ongoing pressure on bank profitability. Despite a low overall NPL rate, the retail sector shows signs of risk, with a marginal increase in the NPL rate to 1.28% [14][15] - The transition period for new risk regulations is nearing its end, with concerns about the impact on banks' provisioning levels. However, the report suggests that the actual impact may be less severe than market expectations [16] - The trend of de-collateralization in bank lending is evident, driven by both business characteristics and strategic choices made by banks to reduce reliance on collateralized loans [17] Summary by Sections 1. Retail NPL and Generation Rates - The retail NPL rate has increased to 1.28%, with a steepening curve indicating ongoing risk. The generation rate for retail loans remains high, with significant increases noted in certain banks [14][18] - The report indicates that while the overall NPL rate is low, the divergence between overdue and NPL indicators suggests underlying risks in the retail sector [19] 2. Impact of New Risk Regulations - The new risk regulations will require banks to classify impaired loans as NPLs, potentially increasing reported NPL rates. However, the report anticipates that the actual provisioning pressure may be manageable [16][17] 3. De-Collateralization in Lending - The report notes a significant decline in the proportion of collateralized loans, with banks shifting towards non-collateralized lending strategies. This shift is influenced by the need to manage risk more effectively [17][18] 4. Investment Recommendations - The report recommends certain state-owned banks due to their customer base advantages and manageable retail risk pressures. It also highlights specific banks such as CITIC Bank and Agricultural Bank of China as beneficiaries of this trend [6]

Investment Rating - The report maintains an "Accumulate" rating for the banking sector, indicating a positive outlook despite challenges in the gold market in 2025 [1]. Core Insights - The gold market is expected to present both opportunities and challenges for banks, with a trend towards deepening precious metal business driven by central bank purchases [1][2]. - The demand for gold bars and coins has increased significantly, reflecting a growing need for gold as a hedge and store of value among residents [4]. - The establishment of a market-making system for gold trading is anticipated to enhance market liquidity and stability, positioning listed banks as key players [3][4]. Summary by Sections 1. Policy and Market Environment - As of September 2025, China's official gold reserves reached 74.06 million ounces, marking an increase for 11 consecutive months [2]. - In Q2 2025, global central banks added 166 tons of gold to their reserves, with 95% of surveyed central banks expecting further increases in the next 12 months [2]. - New policies allowing insurance funds to invest in gold are expected to create new opportunities for banks to provide services to insurance institutions, enhancing their intermediary income [2]. 2. Business Dynamics and Revenue Contribution - In the first half of 2025, China's gold consumption was 505.205 tons, a year-on-year decrease of 3.54%, with significant growth in gold bar and coin consumption by 23.69% [4]. - The decline in gold jewelry consumption is prompting banks to shift focus from traditional jewelry sales to investment-oriented precious metal businesses [4]. - The growth in investment demand for gold bars and coins is expected to stabilize income from investment-related businesses, enhancing the profitability of the precious metals segment for banks [4]. 3. Industry Trends - The report highlights a structural shift in gold consumption, with investment demand rising while jewelry demand declines, indicating a need for banks to adapt their business strategies [4]. - The performance of the banking sector is expected to benefit from expansionary policies aimed at stabilizing the economy, with specific banks like Ningbo Bank and Jiangsu Bank recommended for investment due to positive fundamental changes [8]. 4. Key Data Tracking - The report includes various financial metrics, such as average daily trading volume and margin financing balances, which are essential for assessing market conditions [9][10].