Core Viewpoints - The bank's Q1 2025 operating income, PPOP, and net profit attributable to shareholders showed year-on-year growth rates of -4.06%, -4.38%, and 0.31% respectively, with changes of +2.99 percentage points, +5.26 percentage points, and -1.91 percentage points compared to Q4 2024 [1] Group 1: Highlights - Loan growth rebounded with a year-on-year increase of 5.24% by the end of Q1 2025, up 1.36 percentage points from Q4 2024, driven by targeted credit allocation in key sectors such as technology, green finance, and inclusive finance [2] - Deposit growth showed recovery with a year-on-year increase of 3.49% by the end of Q1 2025, up 4.92 percentage points from Q4 2024, resulting in an additional 202.7 billion yuan in deposits for the quarter [2] - The bank's fee and commission income grew by 3.27% year-on-year in Q1 2025, marking the first positive growth in this area since 2021, with expectations for continued growth throughout the year as macroeconomic conditions improve [2] - Investment income saw a significant increase, with net investment income rising by 303.0% year-on-year, despite a 212.6% negative change in fair value gains and losses [2] Group 2: Concerns - The net interest margin continued to narrow, measuring 1.39% in Q1 2025, down 14 basis points from Q4 2024, with asset yield under pressure [3] - The bank's non-performing loan ratio remained stable at 1.25%, while the provision coverage ratio decreased to 174.44%, indicating a need for further strengthening of the provision buffer [3] Group 3: Investment Recommendations - The bank announced a total dividend of 0.189 yuan per share for 2024, with a payout ratio of 30.14%, reflecting a 1.73 percentage point increase from 2023, suggesting ongoing investment value [3]

Investment Rating - The report maintains a "Strong Buy" rating for the company [5] Core Views - The company shows recovery in credit growth and deposit growth, with loans increasing by 5.24% year-on-year and deposits by 3.49% year-on-year as of Q1 2025 [2][3] - The non-interest income has turned positive for the first time since 2021, with a 3.27% increase in net fee and commission income [2] - Investment income has significantly increased, although fair value changes showed a negative growth of 212.6% [2] Summary by Sections Performance - Q1 2025 operating revenue, PPOP, and net profit growth rates are -4.06%, -4.38%, and 0.31% respectively, showing a decline compared to the previous year [1][12] - The company’s net interest margin for Q1 2025 is estimated at 1.39%, a decrease of 14 basis points from Q4 2024 [3][12] Non-Interest Income - The company reported a 3.27% year-on-year increase in net fee and commission income in Q1 2025, marking a positive turnaround [2][31] - Other non-interest income increased by 1.52% year-on-year, despite significant losses in fair value changes [2][31] Asset Quality - The non-performing loan ratio remains stable at 1.25%, with a provision coverage ratio of 174.44%, which has decreased by 6.15 percentage points [3][12] - The company’s new non-performing loan generation rate is estimated at 1.01%, showing stability in new bad loans [3][12] Capital and Shareholder Information - The company plans to distribute a total dividend of 0.189 CNY per share for 2024, with a dividend payout ratio of 30.14% [3] - The latest closing price corresponds to a dynamic dividend yield of 4.96% for both A and H shares [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中國光大銀行股份有限公司 中國光大銀行股份有限公司 China Everbright Bank Company Limited China Everbright Bank Company Limited （於中華人民共和國註冊成立的股份有限公司） （於中華人民共和國註冊成立的股份有限公司） （股份代號：6818） （股份代號：6818） 中国光大银行股份有限公司 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列中國光大銀行股份有限公司在上海證券交易所網站刊登的《中國光大銀行股份有限 公司2025年第一季度報告（A股）》，僅供參閱。 中國光大銀行股份有限公司 董事會 中國 • 北京 2025年4月25日 於本公告日期，本公司執行董事為郝成先生、齊曄女士及楊兵兵先生；非執行董事為 吳利軍先生、崔勇先生、曲亮先生、朱文輝先生、姚威先生、張銘文先生及李巍先生； 以 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中國光大銀行股份有限公司 中國光大銀行股份有限公司 China Everbright Bank Company Limited China Everbright Bank Company Limited （於中華人民共和國註冊成立的股份有限公司） （於中華人民共和國註冊成立的股份有限公司） （股份代號：6818） （股份代號：6818） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列中國光大銀行股份有限公司在上海證券交易所網站刊登的《中國光大銀行股份有限 公司關聯交易公告》，僅供參閱。 中國光大銀行股份有限公司 董事會 中國 • 北京 2025年4月25日 於本公告日期，本公司執行董事為郝成先生、齊曄女士及楊兵兵先生；非執行董事為 吳利軍先生、崔勇先生、曲亮先生、朱文輝先生、姚威先生、張銘文先生及李巍先生； 以及獨立非執行董事為邵瑞慶先生、洪永淼先生、李 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中國光大銀行股份有限公司 中國光大銀行股份有限公司 China Everbright Bank Company Limited China Everbright Bank Company Limited 茲載列中國光大銀行股份有限公司在上海證券交易所網站刊登的《中國光大銀行股份有限 公司第九屆董事會第二十七次會議決議公告》，僅供參閱。 中國光大銀行股份有限公司 董事會 中國 • 北京 2025年4月25日 於本公告日期，本公司執行董事為郝成先生、齊曄女士及楊兵兵先生；非執行董事為 吳利軍先生、崔勇先生、曲亮先生、朱文輝先生、姚威先生、張銘文先生及李巍先生； 以及獨立非執行董事為邵瑞慶先生、洪永淼先生、李引泉先生、劉世平先生、黃志凌 先生及黃振中先生。 股票代码：601818 股票简称：光大银行 公告编号：临 2025-022 （於中華人民共和國註冊成立的股份有限公司） （於中華人民共和國註冊成立的股份有 ...

China Everbright Bank Company Limited 中國光大銀行股份有限公司（「本公司」）董事會（「董事會」）成員載列如下： 董事長，非執行董事 吳利軍 副董事長，非執行董事 崔勇 執行董事 郝成 齊曄 楊兵兵 非執行董事 6818 董事名單與其角色和職能 - 1 - 下表提供各董事會成員在董事會委員會中所擔任職務之信息。 | 董事╱ | | 風險管理 | | | | 關聯交易 | 社會責任、 普惠金融 發展和 消費者權益 | | --- | --- | --- | --- | --- | --- | --- | --- | | 董事會委員會 | 戰略委員會 | 委員會 | 審計委員會 | 提名委員會 | 薪酬委員會 | 控制委員會 | 保護委員會 | | 吳利軍 | C | | | M | | | | | 崔勇 | M | | | | | | | | 郝成 | M | M | | | | | C | | 齊曄 | | | | | | | M | | 楊兵兵 | | M | | | | | | | 曲亮 | | | | | | | M | | 朱文輝 | M | | M | | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中國光大銀行股份有限公司（「本公司」）董事會（「董事會」）宣佈，於2025年4月25日召開的 第九屆董事會第二十七次會議審議並一致通過了《關於批准中國光大銀行股份有限公司第 九屆董事會部分專門委員會委員的議案》。 董事會同意黄振中先生擔任第九屆董事會提名委員會委員、薪酬委員會委員、關聯交易 控制委員會委員及社會責任、普惠金融發展和消費者權益保護委員會委員。黄振中先生 上述任職自董事會決議之日起生效。 中國光大銀行股份有限公司 董事會 中國•北京 2025年4月25日 於本公告日期，本公司執行董事為郝成先生、齊曄女士及楊兵兵先生；非執行董事為吳 利軍先生、崔勇先生、曲亮先生、朱文輝先生、姚威先生、張銘文先生及李巍先生；以 及獨立非執行董事為邵瑞慶先生、洪永淼先生、李引泉先生、劉世平先生、黃志凌先生 及黃振中先生。 China Everbright Bank Company Limited 6818 董事會 ...

Financial Performance - In Q1 2025, the company reported operating income of RMB 33,101 million, a decrease of 4.04% compared to RMB 34,494 million in Q1 2024[15]. - Net profit attributable to shareholders was RMB 12,464 million, showing a slight increase of 0.31% from RMB 12,426 million in the same period last year[16]. - The net profit for the first quarter of 2025 was RMB 12,530 million, slightly up from RMB 12,495 million in the first quarter of 2024, representing a growth of 0.3%[44]. - Operating income was 33.101 billion yuan, a decrease of 4.04% year-on-year, with net interest income declining by 6.84% to 22.538 billion yuan[23]. - The pre-tax profit for the three months ended March 31, 2025, was RMB 15,457 million, an increase of 3.1% compared to RMB 14,987 million in the same period of 2024[50]. Asset and Liability Management - The total assets reached RMB 7,228,859 million, reflecting a growth of 3.88% from RMB 6,959,021 million at the end of 2024[16]. - The total liabilities amounted to 6,639.864 billion yuan, up 4.26% from the previous year, with deposit balances increasing by 5.77% to 4,268.443 billion yuan[22]. - Total liabilities increased to RMB 6,639,864 million as of March 31, 2025, compared to RMB 6,368,790 million at the end of 2024, marking a rise of 4.2%[47]. - The total equity attributable to shareholders was RMB 586,401 million as of March 31, 2025, a slight decrease from RMB 587,700 million at the end of 2024[48]. Loan and Financing Activities - As of March 31, 2025, the loan balance for technology enterprises reached RMB 415.77 billion, an increase of RMB 36.24 billion, representing a growth of 9.55% compared to the end of the previous year[9]. - The balance of inclusive loans stood at RMB 448.69 billion, with an increase of RMB 13.25 billion, marking a growth of 3.04% year-on-year[9]. - The bank's net increase in loans and advances to customers was RMB 186,779 million, compared to RMB 128,989 million in the same period of 2024, indicating strong loan demand[50]. - The company achieved a comprehensive financing scale of RMB 54,300 million and retail asset management scale of RMB 30,500 million[12]. Capital Adequacy and Risk Management - The core tier 1 capital adequacy ratio stood at 9.40% as of March 31, 2025, down from 9.82% at the end of 2024[18]. - The capital adequacy ratio stood at 13.50%, with a Tier 1 capital adequacy ratio of 11.48% and a core Tier 1 capital ratio of 9.40%, all meeting regulatory requirements[23]. - The non-performing loan balance was 51.293 billion yuan, an increase of 2.041 billion yuan from the end of the previous year, maintaining a non-performing loan ratio of 1.25%[23]. - The group is actively participating in the modernization of the industrial system and enhancing its risk management framework to maintain industry-leading risk control effectiveness[27]. Digital Transformation and Customer Service - The company is focusing on digital transformation to enhance customer acquisition and retention through integrated online and offline financial services[13]. - The company established a digital financial scene platform, creating products like "Salary Joy Pass" and "Logistics Pass," maintaining a leading advantage in the "Cloud Payment" industry[11]. - The group is focusing on enhancing digital retail banking and expanding its wealth management ecosystem, leveraging AI technology for improved customer service[25][26]. Shareholder Structure - The total number of shareholders at the end of the reporting period was 147,544, with significant holdings by China Everbright Group Co., Ltd. at 41.21% and China CITIC Financial Asset Management Co., Ltd. at 7.53%[29]. - The top ten shareholders did not participate in margin financing or securities lending activities, indicating a stable shareholder structure[31]. - China Everbright Group is the controlling shareholder, with China Everbright Holdings Co., Ltd. being an indirect subsidiary[31]. - The total number of preferred shareholders was 27, indicating a diverse investor base[37]. Dividend and Cash Flow - The company announced a dividend of RMB 1,516 million for preferred shares during the reporting period[17]. - The net cash flow from operating activities was RMB 57,080 million, a significant improvement from a negative RMB 158,530 million in the previous year[16]. - Customer deposits increased by RMB 233,765 million, compared to an increase of RMB 26,660 million in the same period of 2024, indicating strong deposit growth[51]. - The cash flow from financing activities generated a net inflow of RMB 19,031 million, down from RMB 45,009 million in the previous year[52].

股票代码：601818 股票简称：光大银行 公告编号：临 2025-022 中国光大银行股份有限公司 第九届董事会第二十七次会议决议公告 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。 中国光大银行股份有限公司（简称本行）第九届董事会第二十七 次会议于2025年4月18日以书面形式发出会议通知，并于2025年4月25 日以书面传签方式召开。本次会议应参与表决董事16名，实际参与表 决董事16名。会议的召开符合法律、法规、规章和《中国光大银行股 份有限公司章程》的有关规定。 本次会议审议并通过以下议案： 一、关于《中国光大银行股份有限公司2025年第一季度报告（A 股、H股）》的议案 表决情况：有效表决票16票，同意16票，反对0票，弃权0票。 董事会审计委员会已审议通过该项议案，并同意将其提交董事会 审议。 本行2025年A股第一季度报告具体内容详见上海证券交易所网站 （www.sse.com.cn）及本行网站（www.cebbank.com），A股第一季度 报告亦登载于4月26日《中国证券报》《上海证券报》《证券时报》 《证券 ...

Financial Performance - The company reported a basic earnings per share of 0.1900 yuan for Q1 2025, reflecting a 5.56% increase compared to 0.1800 yuan in Q1 2024, and unchanged from Q1 2023 [1] - The total revenue for Q1 2025 was 33.086 billion yuan, down 4.06% from 34.487 billion yuan in Q1 2024, and down from 38.158 billion yuan in Q1 2023 [1] - The net profit for Q1 2025 was 12.464 billion yuan, a slight increase of 0.31% from 12.426 billion yuan in Q1 2024, and up from 12.378 billion yuan in Q1 2023 [1] - The net asset return rate for Q1 2024 was 2.36%, down from 2.61% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 46,826,544.4 million shares, accounting for 79.26% of the circulating shares, with an increase of 29,942.65 million shares compared to the previous period [1] - China Everbright Group holds 2,613,272.15 million shares, representing 44.23% of the total share capital, with an increase of 4,132.36 million shares [2] - Hong Kong Central Clearing (Agent) Limited holds 523,858.61 million shares, accounting for 8.87% of the total, with a slight increase of 17.50 million shares [2] Dividend Policy - The company has announced that there will be no distribution or transfer of dividends this time [3]