重要内容提示： 每股分配比例 A 股每股现金红利0.139元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/11 | － | 2025/6/12 | 2025/6/12 | 差异化分红送转： 否 证券代码：601665 证券简称：齐鲁银行 公告编号：2025-021 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 2024年度权益分派实施公告 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。 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经齐鲁银行股份有限公司（以下简称"公司"）2025 年 5 月 23 日召开的2024年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股 东 ...

证券代码：601665 证券简称：齐鲁银行 公告编号：2025-022 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根据 2024 年度利润分配 方案调整可转换公司债券转股价格的公告 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： 1 / 2 调整前转股价格：5.14 元/股 调整后转股价格：5.00 元/股 本次转股价格调整实施日期：2025 年 6 月 12 日 证券停复牌情况：适用 年度权益分派实施公告》。公司 2024 年度权益分派实施后，将依据《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》（以下简称"《募集说明 书》"）发行条款及相关规定对"齐鲁转债"的转股价格进行调整。 二、转股价格调整公式与调整结果 因实施 2024 年度权益分派，齐鲁银行股份有限公司（以下简称"公司"）的 相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | ...

Group 1 - The signing ceremony between Dezhou Market Supervision Administration and Qilu Bank aims to enhance financial services for individual businesses and small enterprises, addressing their operational challenges [1][2] - Individual businesses and small enterprises are described as vital components of the market economy, acting as drivers for consumption, employment stability, and public welfare [1] - The initiative is part of a three-year special action plan focused on nurturing individual businesses, with a goal to improve their financing, operating environment, and development quality [3] Group 2 - Qilu Bank has established itself as a key player in supporting the local economy, with significant deposit and loan balances, ranking among the top banks in Dezhou [2] - The bank has provided over 15 billion yuan in funding to more than 60,000 individual businesses, with an average loan amount of approximately 250,000 yuan per business [2] - The "Hui Shang Cluster Loan" financial scheme is introduced to enhance credit support and services for individual businesses, reflecting a commitment to continuous financial assistance [3]

Investment Rating - The report maintains an "Overweight" rating for the industry [2] Core Insights - The correlation between regional economic conditions and bank valuations is increasing, with banks focusing on serving the local real economy [5] - Shandong's strategic position is highlighted by national-level initiatives such as the new and old kinetic energy conversion pilot zone, driving strong infrastructure and industrial momentum [5] - The dual task of upgrading traditional industries and fostering emerging sectors in Shandong is expected to sustain strong financial demand, with projected credit growth of 8%-11% in 2025 [5] - The regional risk situation is manageable, with city investment risks concentrated in specific counties and a significant improvement in the credit environment [5] - Recommended focus on quality banks within the province, such as Qilu Bank and Qingdao Bank, which are maintaining high credit growth and improving market share [5] Summary by Sections Economic Dynamics - The "Seven Networks" plan establishes long-term infrastructure momentum, driving traditional and new infrastructure financial demand [5][18] - Shandong's economic structure is more traditional compared to Jiangsu and Zhejiang, with a strong demand for green finance and technological upgrades [5][30] - The province's credit growth is expected to remain stable, with a 9.7% growth rate in Q1 2025, second only to Sichuan and Jiangsu among major provinces [5][15] Infrastructure Investment - Infrastructure loan growth in Shandong is projected to surpass that of Sichuan and Jiangsu by 2024, with significant investment targets set for 2025 [23][26] - The government aims for 3,900 key projects to be operational by 2025, exceeding the 2,600 projects planned for 2024 [26] Industry Transformation - Shandong is the only national-level pilot zone for new and old kinetic energy conversion, fostering both traditional upgrades and emerging economic demands [30][32] - The province's industrial structure is gradually optimizing, with traditional industries still dominant but new sectors gaining traction [5][30] Regional Banking Landscape - Qilu Bank and Qingdao Bank are highlighted for their robust credit growth and improving market share, with a focus on the manufacturing and retail sectors [6][11] - The asset quality of regional banks is stable, with a decreasing trend in non-performing loans [6][11]

Core Viewpoint - Qilu Bank's stock price increased by 1.37% to 6.64 yuan as of May 30, 2025, with a total market capitalization of 32.105 billion yuan, ranking 11th among city commercial banks and 439th in the A-share market [1] Company Announcements - The company announced a cash dividend distribution of 2.66 yuan per 10 shares (including tax) for the fiscal year 2024, representing a 20.91% increase compared to the previous year [1] - A notice was issued regarding the suspension of the conversion of "Qilu Convertible Bonds" during the dividend distribution period, from June 5, 2025, until the record date for the dividend distribution [1] - The 2024 annual general meeting approved the profit distribution plan, which will be based on the total number of ordinary shares registered on the record date, with a cash dividend of 1.39 yuan per 10 shares (including tax) [1] - The company will disclose the implementation announcement of the 2024 dividend distribution and the adjustment of the conversion price for "Qilu Convertible Bonds" on June 6, 2025 [1]

Core Viewpoint - The announcement details the suspension of the conversion of "Qilu Convertible Bonds" during the implementation of the 2024 annual equity distribution by Qilu Bank, with specific dates and dividend amounts outlined [1][2][3]. Group 1: Equity Distribution Plan - The 2024 annual profit distribution plan was approved on May 23, 2025, with a cash dividend of RMB 1.39 per 10 shares (tax included) to be distributed to all shareholders, totaling RMB 2.66 per 10 shares for the year, which is an increase of 20.91% compared to the previous year [3]. - The actual cash dividend amount for the "Qilu Convertible Bonds" will be determined based on the total share capital registered on the equity distribution record date [3]. Group 2: Suspension of Conversion - The "Qilu Convertible Bonds" will suspend conversion from June 5, 2025, until the equity distribution record date, with resumption of conversion on the first trading day after the record date [2][4]. - Holders of "Qilu Convertible Bonds" wishing to benefit from the equity distribution must convert their bonds by June 4, 2025 [4]. Group 3: Communication and Disclosure - The company will disclose the implementation announcement and the adjustment of the conversion price for "Qilu Convertible Bonds" on June 6, 2025, through various financial news outlets and the Shanghai Stock Exchange website [4].

证券代码：601665 证券简称：齐鲁银行 公告编号：2025-020 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 2024 年度权益分派 时"齐鲁转债"停止转股的提示性公告 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： 证券停复牌情况：适用 因实施 2024 年度权益分派,齐鲁银行股份有限公司（以下简称"公司"）的 相关证券停复牌情况如下：自 2024 年度权益分派实施公告前一交易日（2025 年 6 月 5 日）至本次权益分派股权登记日期间，"齐鲁转债"将停止转股；本次权 益分派股权登记日后的第一个交易日起，"齐鲁转债"恢复转股。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113065 | 齐鲁转债 | 可转债转股停牌 | 2025/6/5 | | | | 注：停牌终止日及复牌日可在公司后续发布的"齐鲁转债"转股价格调 ...

Core Insights - Qilu Bank has positioned itself as a key player in providing financial services to technology-driven SMEs in the Jinan region, with a credit balance of 67.1 billion yuan for innovation enterprises as of March 2025, serving over 3,870 companies [1] - The bank's "Research Loan" product addresses the financing challenges faced by technology companies, particularly those with long R&D cycles and insufficient collateral [2][3] Group 1: Financial Products and Services - The "Research Loan" product offers a maximum credit term of 10 years and supports various flexible collateral options, including credit and intellectual property pledges, covering ten categories of funding uses [2] - Qilu Bank has disbursed over 4 billion yuan through the "Research Loan" product, with 30% of these being medium to long-term loans, significantly reducing the capital turnover costs for enterprises [3] Group 2: Industry Impact and Collaboration - The establishment of the "Qilu Investment and Loan Cooperation Alliance" aims to provide comprehensive services for innovation enterprises by integrating resources from various stakeholders [3] - Other financial institutions, such as the Bank of Communications and Jinan Rural Commercial Bank, have introduced their own specialized products, creating a differentiated competitive landscape in the technology finance sector [3] Group 3: Regional Development and Future Outlook - The Jinan region has been recognized as the first national pilot area for technology finance reform, with local financial institutions actively exploring new financing pathways for technology enterprises [1][2] - Future efforts will focus on enhancing support for financial institutions in Jinan to deepen their understanding of the value of innovation enterprises and continuously improve financial products and services [2]

Investment Rating - The report maintains a "Positive" investment rating for the banking sector, particularly favoring high-quality city commercial banks [11]. Core Insights - In the current macroeconomic environment, government leverage expansion is the clearest direction for bank operations, with state-owned banks and city commercial banks focusing on government-related business as a core strategy for balance sheet expansion [2][7]. - Leading city commercial banks are accelerating their market share acquisition, with their performance growth consistently outpacing the banking industry, driven primarily by relatively high-speed balance sheet expansion [6][10]. - The asset quality of city commercial banks, primarily engaged in government-related business, is currently the most stable, with expectations for a decline in the net generation rate of non-performing loans this year [2][9]. Summary by Sections Macroeconomic Environment - The current macroeconomic environment favors government-related business, with city commercial banks focusing on local government, urban construction, and local state-owned enterprises [7]. - The demand for government-led financing continues to expand in key economic regions, such as the Chengdu-Chongqing area and Shandong province, despite concerns about export pressures in the Yangtze River Delta [7][8]. Competitive Landscape - The competitive dynamics between state-owned banks and leading city commercial banks are evolving, with state-owned banks experiencing a significant increase in credit market share due to macro policy guidance [8]. - Regulatory measures are being implemented to protect the net interest margins of state-owned banks, indirectly slowing their loan issuance and creating a more favorable competitive environment for city commercial banks [8][9]. Asset Quality and Loan Performance - City commercial banks have maintained low non-performing loan rates due to their focus on government-related loans, which have seen reduced risk following recent debt restructuring efforts [9]. - The tightening of risk control and loan issuance in retail banking is expected to lead to a slight decrease in the net generation rate of non-performing loans this year [9]. Investment Outlook - The report is optimistic about city commercial banks becoming the core focus for institutional investors in the banking sector, with expectations for their valuations to rise above 1x PB [10]. - Specific banks, such as Hangzhou Bank, are anticipated to lead in valuation increases due to their regional economic strength, asset quality, and performance growth [10].

Summary of Qilu Bank Conference Call Company Overview - **Company**: Qilu Bank - **Industry**: Banking, specifically regional commercial banking in Shandong Province, China Key Points Expansion Strategy - Qilu Bank is actively expanding its branch network with a goal to cover all counties in Shandong Province, currently achieving approximately 30% county coverage with a target of 100% [2][3] - The bank's strategy focuses on enhancing asset scale and competitiveness in low-cost deposits through branch expansion, particularly in county markets [2][3] Economic Environment - The economic structure of Shandong is stable, with a diverse industrial base and strong agricultural foundations, leading to economic growth rates that exceed the national average [2][4] - Shandong's overall social financing and credit growth rates are higher than the national average, providing opportunities for Qilu Bank to capture market share [4] Credit Growth Expectations - Qilu Bank anticipates maintaining a credit growth rate of 12%-13% in 2025, which is significantly higher than the national average of 6.5%-7% [2][5] - The bank's focus on seizing market share is expected to drive double-digit growth in credit [5][7] Loan Composition and Quality - The bank has a high proportion of corporate loans, with government-related loans in broad infrastructure accounting for approximately 42% [2][6] - Qilu Bank has minimal exposure to real estate loans, with only 1% of its loans in this category, contributing to its strong asset quality [6][9][10] - The bank's non-performing loan (NPL) generation rate has been declining, currently at 0.63%, indicating improving asset quality [9][10] Profitability and Margin - Qilu Bank's net interest margin is relatively low due to a higher proportion of financial investments compared to loans, but it maintains strong profitability due to low credit costs [8][11] - The bank's profit growth is primarily driven by declining credit costs and improving asset quality, with profit growth rates between 15%-17% expected [11][12] Investment Outlook - Qilu Bank's investment logic is supported by its branch expansion, focus on county markets, and improving asset quality, which are expected to enhance its market share and profitability [12][14] - The bank's capital adequacy ratio is approximately 10.5%, indicating no immediate capital pressure, and it is recommended for continued investment due to its growth potential [14] Additional Insights - The bank's conservative pricing strategy and low deposit interest rates compared to peers provide a competitive advantage [8] - The bank's focus on small and micro enterprises aligns with the economic structure of Shandong, enhancing its market relevance [6][12] This summary encapsulates the key insights from the Qilu Bank conference call, highlighting its strategic initiatives, economic context, credit growth expectations, loan quality, profitability, and investment outlook.