为加强与投资者的互动交流，长沙银行股份有限公司（简称"本行"）将参加由湖南证监局、湖南省上市 公司协会与深圳市全景网络有限公司联合举办的2025年湖南辖区上市公司投资者网上集体接待日暨半年 度业绩说明会活动，现将相关事项公告如下： 证券代码：601577 证券简称：长沙银行 编号：2025-044 优先股代码：360038 优先股简称：长银优1 长沙银行股份有限公司 关于参加2025年湖南辖区上市公司 投资者网上集体接待日活动的公告 本行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。 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站（https://rs.p5w.net），或关注微信 公众号：全景财经，或下载全景路演APP，参与本次互动交流，活动时间为 2025年9月19日（星期五） 14:00-17:00。 届时本行董事会秘书将在线就公司业绩、发展战略和经营状况等投资者关心的问题，与投资者进行沟通 与交流，欢迎广大投资者踊跃参与！ 特此公告。 长沙银行股份有限公司董事会 2025年9月13日 ...

Core Viewpoint - The People's Bank of China (PBOC) has established a new evaluation mechanism for primary dealers in the open market, which will be implemented in 2025, aiming to enhance the transmission of monetary policy and adapt to the evolving financial market [1]. Group 1: Evaluation Mechanism - The PBOC's evaluation mechanism for primary dealers was first established in 2004 and adjusted in 2018 to support smooth open market operations [1]. - The new evaluation method will focus on optimizing and simplifying assessment indicators, categorizing institutions for evaluation, and strengthening the linkage with bond market makers [1]. - The list of primary dealers for the year 2025 will remain unchanged, and any dealer exhibiting inappropriate behavior during the evaluation period may be suspended from participating in open market operations [1]. Group 2: Institutions Involved - A comprehensive list of institutions that will be evaluated includes major banks such as Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Bank of China, among others [3][4]. - The evaluation will consider factors such as stable lending, reasonable pricing, market performance during tight funding periods, and compliance with operational standards [3].

证券代码：601577 证券简称：长沙银行 编号：2025-044 优先股代码：360038 优先股简称：长银优 1 届时本行董事会秘书将在线就公司业绩、发展战略和经营状况等 投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃 参与！ 特此公告。 长沙银行股份有限公司董事会 2025 年 9 月 13 日 1 长沙银行股份有限公司 关于参加 2025 年湖南辖区上市公司 投资者网上集体接待日活动的公告 本行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。 为加强与投资者的互动交流，长沙银行股份有限公司（简称"本 行"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络 有限公司联合举办的 2025 年湖南辖区上市公司投资者网上集体接待 日暨半年度业绩说明会活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（https://rs.p5w.net），或关注微信公众号：全景财经，或下 载全景路演 APP，参与本次互动交流，活动时间为 2025 年 9 月 19 日 （星期五）14:0 ...

Core Viewpoint - The event held by Changsha Bank in Hengyang focuses on providing financial services tailored to high-tech enterprises, emphasizing support for businesses at different stages of their lifecycle [1] Group 1: Event Overview - The "Thousand Enterprises and Ten Thousand Households" outreach event took place in Hengyang, organized by Changsha Bank to promote financial services for high-tech enterprises [1] - Key attendees included Hengyang's Deputy Mayor Zhu Jian, Changsha Bank's Deputy Party Secretary and President Zhang Man, and other government officials [1] Group 2: Economic Development Focus - Hengyang is driving its economy through a dual strategy of "manufacturing-based city and cultural tourism," focusing on innovation and industrial integration [1] - Changsha Bank has committed to supporting Hengyang's economic development, having issued over 50 billion yuan in loans and served more than 322,000 personal clients since the establishment of its Hengyang branch [1] Group 3: Financial Services Initiatives - Changsha Bank has developed a customized financial service plan for high-tech enterprises in Hengyang, including a credit facility of 5 million yuan specifically for award-winning companies [1] - The bank's outreach initiative aims to deliver financial policies directly to businesses, enhancing access to credit products [1] Group 4: Partnerships and Agreements - During the event, Changsha Bank signed a cooperation agreement with the Hengyang government and entered into contracts with several local companies, including Hengyang Gano Copper Co., Hengyang Taihao Communication Vehicle Co., and Hengyang Aijie Technology Co. [1]

Investment Rating - The report maintains an "Increase" rating for the banking sector, indicating a positive outlook for the industry [1]. Core Insights - In the first half of 2025, the contribution of financial asset disposal gains from AC and OCI accounts to revenue reached 5.2%, an increase of 2.9 percentage points compared to 2024 [1][2]. - The investment income growth rate for 42 listed banks was 23.6%, with AC, OCI, and TPL gains showing year-on-year growth rates of 134.7%, 79.0%, and -8.4% respectively [1]. - The report highlights that the increase in disposal gains does not necessarily indicate a significant increase in asset disposal scale, as market conditions and strategies vary among banks [2]. Financial Asset Disposal Gains - The contribution of AC and OCI financial asset disposal gains to revenue was 5.2%, up 2.9 percentage points from 2024, with AC asset disposal gains contributing 2.6% [2]. - Among different types of banks, rural commercial banks had the highest contribution from AC and OCI disposal gains, reaching 11.0%, an increase of 6.2 percentage points from 2024 [2]. - Specific banks such as Jiangyin Bank, Sunong Bank, and Zijin Bank had high disposal gain ratios relative to their revenue, at 28.9%, 26.7%, and 22.7% respectively [2]. OCI Floating Profit Situation - The overall OCI floating profit decreased compared to the end of the previous year, accounting for 12.6% of the estimated profit for 2025 [3]. - Major state-owned banks like CCB and ABC reported significant OCI floating profits, with balances exceeding 30 billion [3]. - The average contribution of OCI floating profits to profits for city and rural commercial banks was notably high, with Ningbo Bank's ratio reaching 35% [3][6]. Sector Trends - The banking sector is expected to benefit from expansionary policies aimed at stabilizing the economy, with a focus on real estate and consumer spending [7]. - The report suggests a focus on banks with improving fundamentals, such as Ningbo Bank, and those with dividend strategies like Jiangsu Bank and Chengdu Bank [7]. - Attention is also drawn to banks with potential convertible bond conversion expectations, including Shanghai Bank and Industrial Bank [7].

| 025-09-05 | 长沙根行 | 601577 | 8.6 | 1548 851 | 180 | 中信建投证券股份 | 中信建投证券股份 | 증 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券商房 | 蓬券代码。 | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | | 有限公司甘肃分公 | 美出营业服 有限公司甘肃分公 | 是否为专场 | 9月5日，长沙银行大宗交易成交180万股，成交额1548万元，占当日总成交额的7.46%，成交价8.6元， 较市场收盘价9.45元折价8.99%。 ...

Investment Rating - The report maintains a positive outlook on the banking sector's allocation value, suggesting continued investment interest in the sector [4][10]. Core Viewpoints - The performance of listed banks in the first half of 2025 shows a marginal improvement in revenue and profit margins, with year-on-year growth of 1.0% in revenue and 0.8% in net profit attributable to shareholders [4][5]. - The recovery in the bond market during the second quarter has alleviated some of the pressures on bond investment returns, contributing to the overall performance improvement [4][5]. - The report anticipates that the banking sector's revenue and net profit growth will remain around 1% year-on-year for 2025, despite ongoing pressures on the banking fundamentals [4][10]. Summary by Sections Performance Overview - In the first half of 2025, listed banks experienced a year-on-year revenue growth of 1.0% and a net profit growth of 0.8%, with quarter-on-quarter improvements of 2.8 percentage points and 2 percentage points respectively [4][5]. - The growth in interest-earning assets was 9.7% year-on-year, with a stable credit growth of 8% and a significant increase in financial investments by 14.9% [4][11]. - The net interest margin for the first half of 2025 was 1.33%, showing a year-on-year decline of 13 basis points, which is less than the decline seen in the same period last year [4][5]. Non-Interest Income - Non-interest income showed a positive trend, with a year-on-year increase of 10.8% in other non-interest income and a 3.1% increase in fee income [4][5][10]. - The report highlights that the recovery in the capital market has contributed to the improvement in non-interest income [4][10]. Asset Quality - The report notes that while the non-performing loan ratio remains stable, there is an increase in the generation rate of overdue and non-performing loans, particularly in retail banking [4][10]. - The provision coverage ratio remained stable, with an increase in provisioning efforts during the first half of 2025 [4][10]. Future Outlook - The banking sector is expected to face continued pressure in 2025, but signs of a potential turning point are emerging, with improved net interest margins and non-interest income [4][10]. - The report suggests that the demand for bank stocks will increase from long-term funds, driven by favorable policies encouraging investment in the banking sector [4][10].

Group 1 - The city commercial bank sector experienced a decline of 0.37% on September 5, with Chongqing Bank leading the drop [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] - Key individual stock performances in the city commercial bank sector included Ningbo Bank rising by 1.74% and Chongqing Bank falling by 1.34% [1][2] Group 2 - The net outflow of main funds from the city commercial bank sector was 287 million yuan, while retail investors saw a net inflow of 141 million yuan [2] - The trading volume for Chongqing Bank was 107,400 shares, with a transaction amount of 103 million yuan [2] - The overall trading activity showed a mixed trend, with some banks experiencing slight declines while others saw minor gains [1][2]

Core Viewpoint - Changsha Bank's 2025 semi-annual report indicates a steady growth in total assets and liabilities, but faces challenges in profitability and asset quality due to narrowing net interest margins and rising non-performing loans [2][3]. Financial Performance - As of June 30, 2025, total assets reached 1,247.385 billion RMB, a year-on-year increase of 13.72% - Total liabilities amounted to 1,165.090 billion RMB, up 13.58% year-on-year - Total loans stood at 602.692 billion RMB, reflecting a 12.95% increase year-on-year - Total deposits were 759.184 billion RMB, growing by 11.23% year-on-year - For the first half of 2025, operating income was 13.249 billion RMB, a 1.59% increase year-on-year - Net profit reached 4.329 billion RMB, up 5.05% year-on-year [2][4]. Asset Quality - As of June 30, 2025, non-performing loan balance was 7.046 billion RMB, an increase of 0.662 billion RMB from the end of the previous year - Non-performing loan ratio remained stable at 1.17%, with a slight decrease of 1 basis point from the previous quarter - Personal loan non-performing ratio increased significantly to 2.20%, up 33 basis points from the end of the previous year - Overdue loan balance was 13.405 billion RMB, a substantial increase of 36.02% from the end of the previous year [3][6]. Capital Adequacy - Capital adequacy ratios for Changsha Bank showed a slight decline compared to the end of the previous year, but remained compliant with regulatory standards [3]. Institutional Shareholding - As of June 30, 2025, the proportion of institutional shareholders who increased or newly entered their holdings rose by 0.82%, while those who reduced or exited their holdings decreased by 1.90%, resulting in a net reduction of 1.18% in institutional shareholding [6]. Market Challenges - The bank faces challenges in expanding personal loans and corporate deposits due to a slow growth rate in housing mortgage loans and adjustments in deposit structure - There is an increasing pressure on credit risk management as overdue and attention-class loans have risen [6].

Core Viewpoint - The article highlights a unique educational initiative by Changsha Bank's Xiangjiang New District branch, which conducted a patriotic education class for sixth-grade students, emphasizing the importance of historical awareness and national pride through engaging storytelling and interactive methods [1][3]. Group 1: Educational Initiative - Changsha Bank's Xiangjiang New District branch organized a special class for over 600 sixth-grade students at Yue Lu District Second Primary School, focusing on patriotic education [1]. - The class utilized multimedia presentations, speeches, and interactive elements to help students connect with historical events and the spirit of resistance during wartime [1][3]. Group 2: Historical Context and Impact - The session featured stories of national heroes, such as Yang Jingyu and Yu Min, and significant events like the bravery of the Eight Women Jumping into the River and the defense of the Four Goods Warehouse by 800 soldiers [3]. - The narrative aimed to instill a sense of patriotism and responsibility in students, encouraging them to appreciate their current lives and contribute to the nation's development [5]. Group 3: Future Plans - Changsha Bank's Xiangjiang New District branch plans to continue its "Youth Ideological and Political Course," integrating financial services with social responsibility to enhance its community engagement [5].