中国光大银行股份有限公司（简称本行）于近日收到《国家金融 监督管理总局关于张铭文光大银行董事任职资格的批复》（金复〔2024〕 692 号），国家金融监督管理总局已于 2024 年 10 月 28 日核准张铭文 先生本行董事的任职资格。 张铭文先生简要情况详见本行于 2024 年 7 月 12 日刊登在上海证 券交易所网站（www.sse.com.cn）及本行网站（www.cebbank.com） 的《中国光大银行股份有限公司 2024 年第二次临时股东大会会议文 件》。 特此公告。 中国光大银行股份有限公司董事会 股票代码：601818 股票简称：光大银行 公告编号：临 2024-065 中国光大银行股份有限公司 关于董事任职资格核准的公告 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。 2024 年 11 月 4 日 ...

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company has shown stable growth in performance, with a slight increase in net profit despite a decline in revenue [1][2] - Asset quality remains robust, with a non-performing loan ratio of 1.25% and a provision coverage ratio of 171% [3] - Short-term revenue pressures are noted due to declining interest margins and poor performance in fee-based income, but long-term prospects are optimistic due to expected recovery in retail demand and wealth management [4] Financial Performance - For the first three quarters of 2024, the company reported revenue of 102.4 billion yuan, a year-on-year decrease of 8.8%, while net profit attributable to shareholders was 38.4 billion yuan, an increase of 1.9% [1][2] - Net interest income decreased by 11.0% year-on-year, but the decline rate has narrowed, indicating improved cost control and deposit structure optimization [2] - Fee and commission income saw a significant decline of 20.6% year-on-year, primarily due to reduced credit card transaction volumes [2] Asset Quality - As of the end of Q3 2024, the non-performing loan balance decreased by 250 million yuan, maintaining a stable non-performing loan ratio [3] - The company recognized credit impairment losses of 24.6 billion yuan in the first three quarters, which is 10.9 billion yuan less than the previous year [3] Asset and Liability Management - Total assets reached 6.9 trillion yuan, with total loans at 3.9 trillion yuan, reflecting a year-on-year growth of 0.7% and 3.6% respectively [4] - Total deposits increased significantly by 101.6 billion yuan in Q3 2024, despite a year-on-year decline of 1.6% [4]

Investment Rating - The investment rating for the company is "Neutral" [2][6]. Core Views - The company's net profit attributable to shareholders for the first three quarters of 2024 was CNY 38.4 billion, representing a year-on-year growth of 1.9%, indicating stable growth despite a decline in operating income [1]. - The total assets of the company grew by 0.7% year-on-year to CNY 6.9 trillion, reflecting a cautious expansion strategy [1]. - The net interest margin for the first three quarters of 2024 was 1.47%, down 25 basis points year-on-year, primarily due to a decrease in LPR and weak credit demand [1]. - Non-interest income showed a significant increase of 26.8% year-on-year, reaching CNY 14.6 billion, driven by higher investment income and fair value changes [1]. - The company maintained a stable non-performing loan ratio of 1.25% as of the end of the third quarter, with a provision coverage ratio of 171%, down 10 percentage points from the end of the previous year [1]. Summary by Relevant Sections Financial Performance - The company achieved operating income of CNY 102.4 billion in the first three quarters of 2024, a decrease of 8.8% year-on-year, with net interest income at CNY 72.6 billion, down 11.0% [1][3]. - The weighted average ROE for the first three quarters was 9.7%, a decline of 0.6 percentage points year-on-year [1]. Asset Quality - The non-performing loan balance increased by CNY 1 billion to CNY 48.5 billion by the end of the third quarter, with the non-performing loan ratio stable at 1.25% [1][4]. Profitability Forecast - The company is expected to achieve net profits of CNY 40.9 billion, CNY 41.4 billion, and CNY 42.6 billion for 2024, 2025, and 2026 respectively, with growth rates of 0.3%, 1.1%, and 2.9% [1][3].

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [1] Core Views - The company's revenue decline has stabilized, and profit continues to grow steadily. For the first three quarters of 2024, the company achieved revenue of 102.4 billion yuan (YoY -8.76%), with net profit attributable to shareholders of 38.4 billion yuan (YoY +1.92%) [3] - The bank's asset quality remains robust, with a non-performing loan ratio steady at 1.25% and a provision coverage ratio of 170.73% [5] - The bank's capital structure is optimized, and its asset quality is stable, supporting its strategic transformation and business expansion [3][5] Summary by Sections Financial Performance - In Q3 2024, the bank's net interest income was 24.5 billion yuan (YoY -8.84%), while non-interest income was 8.1 billion yuan (YoY -8.41%). The decline in net interest income has narrowed compared to Q2 [3] - The bank's total assets at the end of Q3 2024 reached 38,972 billion yuan, reflecting a growth of 2.91% since the beginning of the year [4] Asset Quality - The non-performing loan ratio remained stable at 1.25%, and the provision coverage ratio slightly decreased but remains at a relatively sufficient level [5] - The bank's credit impairment losses for Q3 were 4.345 billion yuan (YoY -51.26%), which continues to support profit [5] Future Outlook - The bank is expected to maintain a steady growth trajectory, with projected net profits for 2024-2026 of 41.9 billion, 44.2 billion, and 46.4 billion yuan, respectively, indicating YoY growth of 2.8%, 5.5%, and 4.9% [3] - The current stock price corresponds to a price-to-book ratio (PB) of 0.3 for 2024-2026, suggesting potential for appreciation [3]

Investment Rating - The report assigns a 2024E P/B of 0.4x and a 2024E P/E of 5.0x for the company, with a TTM dividend yield of 5.1% [1][5]. Core Insights - The company reported a revenue decline of 8.7% YoY in Q3 2024, with profit before provision down 11.7% YoY, while net profit attributable to the parent increased by 2.3% YoY [1][5]. - For the first three quarters of 2024, revenue decreased by 8.8% YoY, profit before provision fell by 10.9% YoY, and net profit attributable to the parent rose by 1.9% YoY [1][5]. - The annualized ROE for the first three quarters of 2024 decreased by 0.57 percentage points to 9.66%, while the CET1 capital ratio increased by 0.56 percentage points to 9.67% YoY [1][5]. Summary by Sections Revenue and Profitability - Q3 2024 net interest income decreased by 11.0% YoY, with a slight improvement from Q2 2024's decline of 12.1% [2]. - The estimated net interest margin for Q3 2024 was 1.49%, up 4 basis points QoQ, while the yield on interest-bearing assets decreased by 5 basis points to 3.54% [2]. - The cost of interest-bearing liabilities decreased by 9 basis points to 2.18% [2]. Loan and Deposit Growth - Loan growth compared to the end of 2023 was 2.91%, which is lower than the 5.29% growth rate from the same period last year [2]. - Deposits decreased by 1.79% compared to the end of 2023, contrasting with a 4.29% growth rate from the previous year [2]. Asset Quality - The non-performing loan (NPL) ratio remained stable at 1.25%, while the provision coverage ratio decreased to 170.73%, down 1.72 percentage points [3]. - Net fee and commission income for the first three quarters of 2024 fell by 20.6% YoY, with fee income down 19.2% and fee expenses down 7.7% [3]. Cost Management - The cost-to-income ratio for the first three quarters of 2024 was 27.6%, an increase of 1.4 percentage points YoY [3].

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [1] Core Views - The revenue decline has stabilized, and profit continues to grow steadily. For the first three quarters of 2024, the company achieved revenue of 102.4 billion yuan (YoY -8.76%), with net profit attributable to shareholders of 38.4 billion yuan (YoY +1.92%) [3][4] - The asset quality remains robust, with a non-performing loan ratio holding steady at 1.25% and a provision coverage ratio of 170.73% [5][6] - The company is expected to maintain a stable profit growth trajectory, with projected net profits of 41.9 billion yuan, 44.2 billion yuan, and 46.4 billion yuan for 2024, 2025, and 2026 respectively [3][6] Summary by Sections Financial Performance - In Q3 2024, net interest income was 24.5 billion yuan (YoY -8.84%), while non-interest income was 8.1 billion yuan (YoY -8.41%). The decline in net interest income has narrowed compared to Q2 [3][4] - The total loan principal at the end of Q3 2024 was 38,972 billion yuan, reflecting a growth of 2.91% since the beginning of the year [4] - The company’s total revenue for 2024 is projected to be 146.5 billion yuan, with a slight increase expected in subsequent years [6] Asset Quality - The non-performing loan ratio remained stable at 1.25%, indicating a solid asset quality. The provision coverage ratio is at a relatively sufficient level of 170.73% [5][6] - The company reported a credit impairment loss of 4.345 billion yuan in Q3, which is a significant decrease of 51.26% YoY, contributing positively to profits [5] Market Position and Outlook - The company is expected to benefit from an improved deposit structure and a potential recovery in agency sales as market conditions stabilize [3][4] - The projected price-to-book ratios for 2024-2026 are 0.3, indicating a favorable valuation relative to its earnings growth [3][6]

Financial Performance - As of September 30, 2024, the total asset scale of China Everbright Bank reached RMB 6.88 trillion, with a net profit of RMB 38.592 billion for the quarter[7]. - Operating revenue for Q3 2024 was RMB 32,620 million, a decrease of 8.69% year-over-year; for the first nine months, it was RMB 102,486 million, down 8.70%[10]. - Net profit for Q3 2024 was RMB 13,982 million, an increase of 2.16% year-over-year; for the first nine months, it was RMB 38,592 million, up 1.81%[10]. - The weighted average return on equity for Q3 2024 was 9.94%, a decrease of 0.46 percentage points year-over-year[10]. - The total comprehensive income for the third quarter of 2024 was RMB 14,041 million, compared to RMB 11,988 million in the same quarter of 2023, reflecting a significant increase[39]. - Net profit for the first nine months was CNY 38.592 billion, up 1.81% year-on-year, while operating income decreased by 8.70% to CNY 102.486 billion[17]. - The bank's credit impairment losses for the nine months ended September 30, 2024, were RMB 24,597 million, a decrease of 30.8% from RMB 35,486 million in the previous year[34]. - The bank's operating expenses for the nine months ended September 30, 2024, were RMB 30,362 million, down 3.1% from RMB 31,335 million in the same period of 2023[34]. Asset and Loan Growth - The loan balance for technology enterprises increased by RMB 91.045 billion, representing a growth of 34.08% compared to the end of the previous year, totaling RMB 358.197 billion[6]. - The balance of green loans reached RMB 418.792 billion, an increase of RMB 105.030 billion, reflecting a growth of 33.47% year-on-year[6]. - The balance of inclusive finance loans was RMB 432.263 billion, up by RMB 53.130 billion, marking a growth of 14.01% from the previous year[6]. - The total amount of comprehensive financing (FPA) reached RMB 5.21 trillion, indicating a balanced development in corporate finance[8]. - The total assets under management (AUM) in retail finance amounted to RMB 2.92 trillion, enhancing customer engagement and value contribution[8]. Capital and Liquidity Ratios - The capital adequacy ratio was 13.89% as of September 30, 2024, compared to 13.50% at the end of 2023[13]. - The liquidity coverage ratio was 132.11% as of September 30, 2024, compared to 149.17% at the end of 2023[15]. - The capital adequacy ratio stood at 13.89%, with a Tier 1 capital adequacy ratio of 11.83%, meeting regulatory requirements[18]. Shareholder Information - As of the end of the reporting period, the total number of H shares held by Hong Kong Central Clearing Limited on behalf of investors is 5,238,398,070 shares[24]. - The largest shareholders include Ocean Fortune Investment Limited with 1,605,286,000 shares (30.63%), China Life Reinsurance Company with 282,684,000 shares (5.39%), and China Everbright Group with 172,965,000 shares (3.30%) of H shares[24]. - The proposed interim cash dividend for 2024 is 1.04 RMB per 10 shares, amounting to a total of 6.145 billion RMB (including tax) based on a total share capital of 5.9086 billion shares[32]. - The controlling shareholder, Everbright Group, has increased its holdings by 64,321,400 A shares, representing 0.11% of the total share capital, and plans to continue increasing its holdings within the next 12 months[32]. Digital Transformation and Customer Engagement - The bank is focusing on optimizing its asset-liability structure and exploring new business avenues to strengthen its financial position[7]. - The bank has implemented a customer management system to enhance customer engagement and service quality[8]. - The bank's strategy includes a strong emphasis on digital transformation to drive high-quality business development[7]. - Retail banking efforts are centered on digital transformation and expanding customer acquisition through various channels[20]. - The company is actively advancing digital transformation and enhancing risk management to improve customer value and operational efficiency[9]. Cash Flow and Financial Activities - The net cash flow from operating activities for the first nine months of 2024 was RMB (35,524) million, indicating increased cash outflow due to reduced deposit absorption[16]. - Cash flow from financing activities for the nine months ended September 30, 2024, showed a net outflow of RMB 59,817 million, compared to a net inflow of RMB 139,870 million in the same period of 2023[47]. - The bank's cash flow from investment activities generated a net inflow of RMB 92,068 million for the nine months ended September 30, 2024, compared to a net outflow of RMB 252,953 million in the same period of 2023[46]. - Cash and cash equivalents decreased by RMB 3,737 million during the nine months ended September 30, 2024, compared to a decrease of RMB 33,805 million in the same period of 2023[47].

第 1 頁 共 2 頁 v 1.1.1 EF001 EF001 免責聲明 | 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 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的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國光大銀行股份有限公司 | | 股份代號 | 06818 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2024年6月30日止六個月之中期股息 | | 公告日期 | 2024年10月30日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年6月30日 | | 宣派股息 | 每 10 股 1.04 RMB | | 股東批准日期 | 有待公佈 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD ...

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。 China Everbright Bank Company Limited 6818 關於2024年度中期利潤分配方案的公告 茲提述中國光大銀行股份有限公司（「本公司」）日期為2024年8月30日的公告及中期業績公 告，內容有關（其中包括）本公司擬實施2024年度中期利潤分配。 - 1 - 日）中國人民銀行公佈的人民幣兌換港幣平均基準匯率計算。本公司2024年上半年不實施 資本公積金轉增股本。 有關派發2024年度中期現金股息的具體安排，包括暫停辦理股份過户登記手續期間、記 錄日期、具體派發日期、稅項及稅項減免等事宜，本公司將適時另行公告。 中國光大銀行股份有限公司 董事會 中國‧北京 2024年10月30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、姚威先生、朱文輝先生及李巍先生；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 ...

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 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2024年第三季度報告（A股）》，僅供參閱。 中國光大銀行股份有限公司 董事會 （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） 中國 • 北京 2024年10月30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、姚威先生、朱文輝先生及李巍先生；以及獨立非執 行董事為邵瑞慶先生、洪永淼 ...