证券代码：601665 证券简称：齐鲁银行 公告编号：2025-054 可转债代码：113065 可转债简称：齐鲁转债 齐鲁银行股份有限公司 关于实施"齐鲁转债"赎回暨摘牌的 第二十一次提示性公告 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： 截至 2025 年 8 月 8 日收市后（自 2025 年 8 月 11 日起），"齐鲁转债"停 止交易。 最后转股日：2025 年 8 月 13 日 截至 2025 年 8 月 11 日收市后，距离 2025 年 8 月 13 日（"齐鲁转债"最后 转股日）仅剩 2 个交易日，2025 年 8 月 13 日为"齐鲁转债"最后一个转股日。 本次提前赎回完成后，"齐鲁转债"将自 2025 年 8 月 14 日起在上海证 券交易所摘牌。 投资者所持"齐鲁转债"除在规定时限内按 5.00 元/股的转股价格进行转 股外，仅能选择以 100 元/张的票面价格加当期应计利息（合计人民币 100.7068 元/张）被强制赎回。若被强制赎回，可能面临较大投资损失。 在本次发行可转债的转 ...

Core Viewpoint - Qilu Bank has issued a statement to protect consumers' rights and prevent illegal activities by intermediaries using its name for loan services [1][2]. Group 1 - Qilu Bank has not authorized any third-party institutions or individuals to conduct personal loan business on its behalf, urging customers to be cautious of unknown calls, messages, or online advertisements [1]. - The bank does not charge any additional fees related to loan processing, including loan handling fees, intermediary fees, or service fees, and encourages reporting any fraudulent activities to the police [2]. Group 2 - Customers are advised to be vigilant against false business schemes, such as exaggerated claims of quick loans or low-interest rates, and to avoid clicking on unknown links or scanning unfamiliar QR codes [3]. - Important personal information should not be disclosed casually, and customers should safeguard their identification documents and banking information during loan transactions [3]. - The bank warns against unusual fund transfers and emphasizes the importance of maintaining good credit by avoiding misleading offers related to credit repair [3].

Core Insights - The banking sector has shown robust performance in the first half of 2025, with several banks reporting significant growth in both asset size and operating income, with net profits for five banks increasing by over 10% year-on-year [1][2] Group 1: Financial Performance - Shanghai Pudong Development Bank reported an operating income of 90.559 billion yuan, a year-on-year increase of 2.62%, and a net profit of 29.737 billion yuan, up 10.19% [2] - Qingdao Bank's total assets reached 743.028 billion yuan, growing by 7.69% compared to the end of the previous year, with a net profit of 3.065 billion yuan, reflecting a 16.05% increase [2] - The asset quality of multiple banks remains stable, with Shanghai Pudong Development Bank's non-performing loan (NPL) balance decreasing by 608 million yuan, resulting in an NPL ratio of 1.31%, down 0.05 percentage points from the end of the previous year [2][3] Group 2: Market Conditions and Revenue Drivers - The growth in bank operating income is attributed to two main factors: a decline in deposit rates leading to lower funding costs, and a recovery in the capital markets boosting income from wealth management and other intermediary services [1][4] - The capital market's recovery has enhanced the attractiveness of bank wealth management products, contributing to increased non-interest income [4][5] - Analysts expect that as the market stabilizes and the impact of previous fee adjustments diminishes, banks will see a recovery in fee and commission income, particularly from wealth management services [5] Group 3: Future Outlook - Looking ahead, banks are expected to continue supporting economic growth, with loan and deposit activities driving asset and liability growth, and a focus on optimizing credit structures [1][6] - Despite facing some downward pressure on net interest margins, banks are likely to stabilize these margins through measures such as lowering deposit rates and managing high-interest deposits [6]

Core Viewpoint - The first half of 2025 has shown positive growth in revenue and net profit for several A-share listed banks, with a notable performance from Changshu Bank, indicating a potential revaluation of bank stocks and a favorable outlook for a "slow bull market" [2][9]. Group 1: Changshu Bank Performance - Changshu Bank reported a revenue of 6.062 billion yuan, a year-on-year increase of 10.1%, and a net profit of 1.969 billion yuan, up 13.51% [3]. - Non-interest income surged by 57.26%, driven by significant increases in fee and commission income (up 637.77%) and bond investment income (up 560.13%) [3]. - As of June 30, 2025, total assets reached 401.227 billion yuan, with loans and deposits growing by 4.4% and 8.46%, respectively [3][4]. Group 2: Asset Quality and Dividends - The non-performing loan (NPL) ratio stood at 0.76%, a slight decrease from the previous year, while the provision coverage ratio was 489.53% [4]. - Changshu Bank proposed a cash dividend of 0.15 yuan per share, totaling 497 million yuan, which is 25.27% of its net profit for the half-year [4]. Group 3: Other Banks' Performance - Other banks such as Hangzhou Bank, Ningbo Bank, and Shanghai Pudong Development Bank also reported net profit growth exceeding 10%, with Hangzhou Bank achieving a 16.67% increase [5][7]. - Shanghai Pudong Development Bank's net profit reached 29.737 billion yuan, reflecting a 10.19% year-on-year growth, with total loans and deposits increasing by 4.51% and 8.71%, respectively [5][7]. - Qingdao Bank and Ningbo Bank also reported positive growth in both revenue and net profit, with Qingdao Bank's net profit increasing by 16.05% [8]. Group 4: Market Performance and Outlook - The banking sector has seen an 18.10% increase in stock prices year-to-date, with Shanghai Pudong Development Bank leading with a 41.88% rise [9]. - Agricultural Bank of China has surpassed Industrial and Commercial Bank of China in market capitalization, reaching 2.14 trillion yuan [10][11]. - Analysts suggest that the combination of low valuations and high returns makes bank stocks attractive, with potential for over 60% price appreciation based on current dividend yields and asset quality [11][12].

Core Points - The company announces the redemption and delisting of "Qilu Convertible Bonds" effective from August 14, 2025 [1][4][13] - The last trading day for "Qilu Convertible Bonds" is August 8, 2025, and the last conversion day is August 13, 2025 [2][3][12] Redemption Details - The redemption price is set at RMB 100.7068 per bond, which includes accrued interest [4][8][9] - The redemption registration date is August 13, 2025, and the redemption payment date is August 14, 2025 [8][11] - The company has triggered the conditional redemption clause as the stock price met the required threshold [5][7] Trading and Conversion - "Qilu Convertible Bonds" will stop trading after the close on August 8, 2025, and will cease conversion after August 13, 2025 [12][15] - Investors are advised to convert their bonds within the specified timeframe to avoid potential losses [4][15][16] Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, affecting the net redemption amount [14] - Non-resident enterprises are exempt from certain taxes on bond interest income until December 31, 2025 [14]

证券代码：601665 证券简称：齐鲁银行 公告编号：2025-053 可转债代码：113065 可转债简称：齐鲁转债 齐鲁银行股份有限公司 关于实施"齐鲁转债"赎回暨摘牌的 第二十次提示性公告 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： 截至 2025 年 8 月 8 日收市后（自 2025 年 8 月 11 日起），"齐鲁转债"停 止交易。 最后转股日：2025 年 8 月 13 日 截至 2025 年 8 月 8 日收市后，距离 2025 年 8 月 13 日（"齐鲁转债"最后 转股日）仅剩 3 个交易日，2025 年 8 月 13 日为"齐鲁转债"最后一个转股日。 本次提前赎回完成后，"齐鲁转债"将自 2025 年 8 月 14 日起在上海证 券交易所摘牌。 投资者所持"齐鲁转债"除在规定时限内按 5.00 元/股的转股价格进行转 股外，仅能选择以 100 元/张的票面价格加当期应计利息（合计人民币 100.7068 元/张）被强制赎回。若被强制赎回，可能面临较大投资损失。 "齐鲁转债"已停止交易， ...

本报记者 熊 悦 今年以来，选择在上市银行股价相对高位的时点实施减持的大股东并非只有重庆华宇，此前，浙商银 行、长沙银行也曾公告大股东减持计划。 银行股走强之际，有上市银行大股东选择减持变现。7月13日，齐鲁银行发布公告称，该行股东重庆华 宇集团有限公司（以下简称"重庆华宇"）根据自身发展需要，拟在该公告披露之日起3个交易日后的2个 月内，通过大宗交易方式减持不超过约6043.81万股，即减持比例不超过该行总股本的1.10%。以齐鲁银 行7月14日收盘价每股6.44元及重庆华宇计划减持股份数量上限粗略计算，此次重庆华宇拟通过减持变 现约4亿元。 南开大学金融学教授田利辉告诉《证券日报》记者，目前来看，减持多缘于大股东自身经营或战略调整 需要。虽然大股东减持可能引发短期市场情绪波动，但若上市银行自身经营稳健，大股东减持对其长期 估值影响有限。 公开信息显示，重庆华宇是一家以房地产开发为主的多元化城市运营和投资集团。齐鲁银行2025年第一 季度报告显示，重庆华宇为该行前十大股东。 另外，也有大股东选择大手笔增持上市银行。据记者梳理，今年以来，苏州银行、无锡银行等均发布了 股东增持股份的相关公告。苏州银行6月30日 ...

Core Viewpoint - Qilu Bank's convertible bond (Qilu Convertible Bond) is set to be delisted, marking the fifth bank convertible bond to exit the market this year, which will further enhance the scarcity of bank convertible bonds [2][5][6]. Group 1: Qilu Convertible Bond Details - The last trading day for Qilu Convertible Bond is August 8, with the final conversion day on August 13, and it will be delisted on August 14 [2]. - Investors can either trade the bond in the secondary market or convert it at a price of 5 CNY per share, or face forced redemption at a price of 100 CNY per bond plus accrued interest, totaling 100.7068 CNY per bond [3]. - The bond was originally set to mature in 2028 but was triggered for forced redemption due to the underlying stock price rising above 130% of the conversion price for 15 trading days [3]. Group 2: Qilu Bank's Financial Performance - For the first half of 2025, Qilu Bank reported revenue of approximately 6.782 billion CNY, a year-on-year increase of 5.76%, and a net profit attributable to shareholders of approximately 2.734 billion CNY, up 16.48% [3][4]. - The net interest margin has stabilized, with net interest income reaching 4.998 billion CNY, a growth of 13.57%, and net commission income of 817 million CNY, also up 13.64% [4]. - The non-performing loan ratio stands at 1.09%, a decrease of 0.10 percentage points from the end of the previous year, and the provision coverage ratio has improved to 343.24%, an increase of 20.86 percentage points [4]. Group 3: Market Implications of Convertible Bond Delisting - The delisting of Qilu Convertible Bond will reduce the number of bank convertible bonds to seven, and with the upcoming delisting of another bond in October, the total market size of bank convertible bonds is expected to fall below 100 billion CNY [2][5][6]. - The scarcity of bank convertible bonds is expected to increase, with potential remaining bonds at year-end estimated to be around 63.9 billion CNY if certain bonds complete conversion [6]. - Analysts predict that the gradual delisting of bank convertible bonds will lead to a restructuring of the market and valuation, with banks having a strong incentive to convert bonds into equity [7][8].

Core Viewpoint - The performance of several A-share listed banks has shown significant improvement in the first half of 2025, with many banks reporting double-digit growth in net profit, which has positively influenced their stock prices [1][2][5]. Financial Performance - Changshu Rural Commercial Bank reported a revenue of 6.062 billion yuan, a year-on-year increase of 10.1%, and a net profit attributable to shareholders of 1.969 billion yuan, up 13.51% year-on-year [1][2]. - Other banks such as Ningbo Bank, Qingdao Bank, Qilu Bank, and Hangzhou Bank also reported positive earnings, with Ningbo Bank achieving a revenue of 37.16 billion yuan, a growth of 7.91%, and Qingdao Bank with a revenue of 7.662 billion yuan, growing by 7.5% [2]. Asset Quality - The asset quality of the banks remains stable, with Changshu Rural Commercial Bank, Ningbo Bank, and Hangzhou Bank maintaining a non-performing loan (NPL) ratio of 0.76%. Qilu Bank's NPL ratio is 1.09%, and Qingdao Bank's is 1.12%, both showing slight improvements from the previous year [3]. Market Performance - Bank stocks have performed well in 2025, with 26 out of 42 A-share listed banks seeing their stock prices rise. Changshu Rural Commercial Bank's stock increased by over 3%, while other banks like Postal Savings Bank and Agricultural Bank also saw gains [4]. Investment Sentiment - The positive earnings reports have alleviated market concerns regarding narrowing net interest margins and asset quality, reinforcing the upward momentum in bank stocks. The growth in earnings reflects improved operational resilience, boosting investor confidence in the long-term investment value of bank stocks [5]. Future Outlook - Analysts expect a structural market trend for bank stocks, with a stable macroeconomic foundation supporting continued improvement in the banking sector's fundamentals. However, some banks may face valuation challenges due to previous price increases [6]. - Key investment strategies include focusing on banks with strong asset quality and profitability, considering valuation levels, diversifying investments, and maintaining a long-term holding perspective to benefit from stable dividends and value growth [6].

Group 1 - Qilu Bank announced that Qilu Convertible Bonds will be delisted on August 14, following the last trading day on August 8 and the last conversion day on August 13 [1][2] - As of August 7, the market price of Qilu Convertible Bonds was 123.69 CNY per bond, significantly higher than the redemption price of 100.71 CNY per bond, indicating a potential loss of approximately 19% for investors who do not convert or sell in time [1][2] - The early redemption was triggered due to the underlying stock price rising, with Qilu Bank's stock price increasing nearly 16% year-to-date as of August 7 [2][3] Group 2 - This year, five bank convertible bonds have triggered early redemption clauses, with Qilu Convertible Bonds being the latest [3] - The banking sector has shown strong performance, with the Shenwan Primary Bank Index rising over 14% this year, and several banks, including Pudong Development Bank and Agricultural Bank, experiencing significant stock price increases [3] - The issuance of bank convertible bonds is seen as an important tool for capital replenishment, providing advantages such as easier issuance and lower financing costs [3] Group 3 - According to estimates, after the conversion of Qilu Convertible Bonds, Qilu Bank's core Tier 1 capital adequacy ratio is expected to reach 11.62% by 2025, an increase of 0.87 percentage points from 2024 [4]