证券代码：601665 证券简称：齐鲁银行 公告编号：2025-038 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 第七次提示性公告 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 7 月 22 日收市后，距离 2025 年 8 月 8 日（"齐鲁转债"最后 交易日）仅剩 13 个交易日，2025 年 8 月 8 日为"齐鲁转债"最后一个交易日。 最后转股日：2025 年 8 月 13 日 截至 2025 年 7 月 22 日收市后，距离 2025 年 8 月 13 日（"齐鲁转债"最后 转股日）仅剩 16 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"除在规定时限内通过二级市场继续交易或按 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 ...

Investment Rating - The report maintains a "Recommended" rating for the banking sector, highlighting its investment value and potential for performance improvement [36]. Core Insights - The banking sector is experiencing a marginal recovery in credit growth, with government bonds continuing to be a major contributor to social financing growth. The central bank's recent operations are expected to maintain a moderately loose monetary policy, improving banks' funding costs. Urban renewal initiatives present opportunities for credit expansion and asset quality improvement for banks [36]. Summary by Sections Latest Research Insights - In June, social financing (社融) increased by 4.2 trillion yuan, exceeding expectations, with a year-on-year increase of 900.8 billion yuan. The total social financing stock grew by 8.9% year-on-year, with a month-on-month increase of approximately 0.2 percentage points [6][7]. - The People's Bank of China (PBOC) announced a record 14 trillion yuan in reverse repos on July 15, 2025, aimed at releasing liquidity and improving banks' funding costs [8][9]. Market Performance - The banking sector underperformed the market, with a decline of 1.03% compared to a 1.09% increase in the CSI 300 index. The price-to-book (PB) ratio for the banking sector is currently 0.75, with a dividend yield of 4.06% [4][27]. Investment Recommendations - The report suggests that the banking sector's fundamentals are accumulating positive factors, indicating a potential turning point in performance. It recommends specific banks, including Industrial and Commercial Bank of China (601398), Agricultural Bank of China (601288), and others, as attractive investment opportunities [36][37].

齐鲁银行股份有限公司 关于实施"齐鲁转债"赎回暨摘牌的 第六次提示性公告 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 7 月 21 日收市后，距离 2025 年 8 月 8 日（"齐鲁转债"最后 交易日）仅剩 14 个交易日，2025 年 8 月 8 日为"齐鲁转债"最后一个交易日。 证券代码：601665 证券简称：齐鲁银行 公告编号：2025-037 可转债代码：113065 可转债简称：齐鲁转债 最后转股日：2025 年 8 月 13 日 截至 2025 年 7 月 21 日收市后，距离 2025 年 8 月 13 日（"齐鲁转债"最后 转股日）仅剩 17 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"除在规定时限内通过二级市场继续交易或按 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 ...

A股银行板块震荡走弱，齐鲁银行、厦门银行、成都银行、浙商银行、上海银行、南京银行均跌超 1%。 ...

银行板块盘初震荡下挫，齐鲁银行（601665）跌超2%，紫金银行（601860）、成都银行（601838）、 北京银行（601169）、厦门银行（601187）纷纷下挫。 ...

Investment Rating - The industry investment rating is "Positive" and is maintained [12] Core Viewpoints - The Jiangsu Bank Index has decreased by 0.5% this week, underperforming the CSI 300 by 1.5% and the ChiNext Index by 3.6%. Despite a decline in trading sentiment for bank stocks, the core investment logic remains solid [2][6] - The trend of deposit regularization has stabilized in the first half of the year, with the proportion of RMB time deposits at 73.1% as of the end of June, a decrease of 1.1 percentage points from the previous month, indicating a marginal improvement in deposit regularization pressure for listed banks [2][9][50] - The average dividend yield of the six major state-owned banks' A-shares has fallen to 3.91%, with a spread of 225 basis points over the 10-year government bond yield, while the average yield for H-shares is 4.89%, showing a more pronounced advantage [6][20][24] Summary by Sections Market Performance - The overall market risk appetite has increased significantly this week, leading to a decline in trading sentiment for bank stocks, although the core investment logic remains intact [2][6] - Individual stocks such as Minsheng Bank H and Xiamen Bank have led gains due to improved governance expectations, while Nanjing Bank has seen an increase following the successful delisting of its convertible bonds [6][7] Loan and Deposit Trends - In the first half of the year, the total RMB credit has decreased year-on-year by 350 billion, with weak demand for household credit. The core drag has been short-term and medium-to-long-term operating loans, which have decreased by 705 billion [8][39] - Large banks have increased their new credit year-on-year, capturing 64% of the market share, while smaller banks continue to see a decline in credit demand [8][43][47] Convertible Bonds and Valuation Opportunities - Nanjing Bank's convertible bonds have been successfully delisted, eliminating conversion pressure and suggesting potential for valuation recovery. Other banks like Qilu Bank are also expected to see similar opportunities [7][26] Trading Activity - The turnover rate for joint-stock banks and city commercial banks has increased compared to last week, while the turnover rate for state-owned banks remained stable. The core investment logic for bank stocks remains robust, with low valuation recovery and significant risk bottom lines established [30][35]

Core Viewpoint - Qilu Bank, as the first local joint-stock commercial bank in Shandong Province, focuses on serving urban and rural residents, small and medium-sized enterprises, and local economic development through various financial services, including technology finance, green finance, inclusive finance, pension finance, and digital finance [1] Group 1: Technology Finance - Qilu Bank has developed a dual-direction mechanism between technology and finance, launching products like "KeChuang YiDai" to serve 61% of "specialized, refined, unique, and innovative" enterprises in Jinan [2] - The bank has established 2 technology branches, 3 specialty branches, and 10 technology finance centers to enhance the quality and efficiency of technology finance [2] - In 2024, the loan balance for technology enterprises reached 34.7 billion yuan, a 47% increase from the beginning of the year, continuing to grow to 38.8 billion yuan in Q1 2025 [3] Group 2: Green Finance - Qilu Bank prioritizes green finance in its annual credit policy, creating a product matrix that includes carbon assets and sustainable development-linked loans [4] - The bank's green loan balance reached 35.1 billion yuan in 2024, increasing by 10.9 billion yuan, and continued to grow to 42.2 billion yuan in Q1 2025 [5] Group 3: Inclusive Finance - Qilu Bank has launched the "Bearing Village Loan" to support the bearing industry in Linqing City, addressing funding gaps for over 5,400 related enterprises [6][7] - The bank has implemented a county financial development strategy, introducing over 80 specialized products, with inclusive loans accounting for over 20% of its total loans [7] Group 4: Pension Finance - The bank has developed a wealth management brand for pension finance, offering various products and achieving nearly 1 billion yuan in sales for its pension-related financial products [8] - Qilu Bank is actively involved in building a smart elderly care service system, integrating multiple resources to create a new model for elderly services [8] Group 5: Digital Finance - Qilu Bank is focusing on digital transformation by establishing a digital banking department and implementing various projects to enhance data processing efficiency and flexibility [9] - The bank is developing AI applications for various financial services, including intelligent contract review and customer analysis, to improve service delivery [9]

证券代码：601665 证券简称：齐鲁银行 公告编号：2025-036 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 第五次提示性公告 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 7 月 18 日收市后，距离 2025 年 8 月 8 日（"齐鲁转债"最后 交易日）仅剩 15 个交易日，2025 年 8 月 8 日为"齐鲁转债"最后一个交易日。 最后转股日：2025 年 8 月 13 日 截至 2025 年 7 月 18 日收市后，距离 2025 年 8 月 13 日（"齐鲁转债"最后 转股日）仅剩 18 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"除在规定时限内通过二级市场继续交易或按 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 ...

Core Viewpoint - The China Securities 500 Quality Growth Index has shown a decline of 0.54% as of July 18, 2025, with mixed performance among constituent stocks, indicating a volatile market environment [1] Group 1: Market Performance - The top-performing stocks include Kanghong Pharmaceutical, which rose by 4.66%, and Qilu Bank, which increased by 3.30%, while Chunfeng Power led the decline with a drop of 6.43% [1][4] - The China Securities 500 Quality Growth ETF has been adjusted, with the latest price at 1 yuan [1] Group 2: Analyst Insights - Several foreign investment banks have expressed optimism about the Chinese market, with Citigroup upgrading the ratings for Chinese and Korean markets to "overweight" despite macroeconomic fluctuations [1] - CICC's report highlights the value of equity markets amid an "asset shortage," suggesting a positive outlook for the second half of the year, although short-term uncertainties remain [1] Group 3: Index Composition - The China Securities 500 Quality Growth Index consists of 100 high-profitability, sustainable, and cash-rich companies selected from the broader China Securities 500 Index [2] - As of June 30, 2025, the top ten weighted stocks in the index account for 20.42% of the total index, with Dongwu Securities and Kaiying Network being the largest constituents [2]

证券代码：601665 证券简称：齐鲁银行 公告编号：2025-035 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 第四次提示性公告 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 7 月 17 日收市后，距离 2025 年 8 月 8 日（"齐鲁转债"最后 交易日）仅剩 16 个交易日，2025 年 8 月 8 日为"齐鲁转债"最后一个交易日。 投资者所持"齐鲁转债"除在规定时限内通过二级市场继续交易或按 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。 特提醒"齐鲁转债"持有人注意在限期内实施转股或卖出交易，以避免 可能面临的投资损失。 敬请广大投资者详细了解可转债有关规定，理性决策，注意投资风险。 根据《齐鲁银行股份有限公司公开发行 A 股可转换公司债券募集说明书》 1 / 5 赎回登记日：202 ...