成都银行股份有限公司（以下简称"公司"）已于2025年10月29日披露《成都银行股份有限公司2025年第 三季度报告》。为便于广大投资者更全面深入地了解公司2025年第三季度业绩和经营情况，公司拟于 2025年11月7日（星期五）下午15:00-16:00召开2025年第三季度业绩说明会，就投资者普遍关注的问题 进行交流。 一、说明会类型 本次业绩说明会以网络文字互动形式召开，公司将就2025年第三季度业绩和经营情况与投资者进行互动 交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题进行交流。 登录新浪财经APP 搜索【信披】查看更多考评等级 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.会议召开时间：2025年11月7日（星期五）下午15:00-16:00 2.会议召开地点：全景网"投资者关系互动平台"（网址：https://ir.p5w.net） 3.会议召开形式：网络文字互动 4.投资者可于2025年11月5日（星期三）17:00前将相关问题通过电子邮件的形式发送至公司本次会议问 题征集邮箱： ...

2025 年 11 月 02 日 公司研究 评级：买入(维持) 研究所： 证券分析师： 林加力 S0350524100005 linjl01@ghzq.com.cn 证券分析师： 徐凝碧 S0350524110001 xunb@ghzq.com.cn [Table_Title] 业务规模稳健增长，关注类贷款率下降 ——成都银行（601838）2025 年三季报点评 事件: 10 月 29 日，成都银行发布 2025 年第三季度报告。 投资要点: | 相对沪深 | 300 | 表现 | | 2025/10/31 | | --- | --- | --- | --- | --- | | 表现 | | 1M | 3M | 12M | | 成都银行 | | -2.6% | -9.0% | 14.4% | | 市场数据 | 2025/10/31 | | --- | --- | | 当前价格（元） | 16.81 | | 周价格区间（元） 52 | 15.32-20.96 | | 总市值（百万） | 71,248.10 | | 流通市值（百万） | 71,124.09 | | 总股本（万股） | 423,843.54 | ...

本报讯 （记者舒娅疆）近日，成都银行股份有限公司（以下简称"成都银行"）披露2025年三季报。该行在今年前三季度实 现营业收入177.61亿元，同比增长3.01%，归母净利润94.93亿元，同比增长5.03%。 在"稳定存款立行、高效资产立行"经营方略引领下，成都银行在资产规模持续稳健增长的同时牢牢把控风险防线。截至9 月末，成都银行总资产规模达1.38万亿元，较年初增长10.81%，保持了持续稳健增长步伐。该行不良贷款率为0.68%，资产质 量仍稳居银行业第一梯队。不良贷款拨备覆盖率433.08%，资产"安全垫"显著高于行业水平。 据介绍，成都银行的业绩中呈现的强韧根基，源于该行深耕区域的战略格局，在"与时代共脉搏、与区域共生长、与民生 共温度"的深度共振之中，构建起穿越周期的内生力量。 截至9月末，该行贷款余额（不含应计利息）8462.47亿元，较上年末增长14.15%，显著高于资产增速，其中新增主力约九 成为公司贷款，体现了成都银行金融服务实体的决心。 新质生产力正成为推动中国式现代化和高质量发展的核心引擎。多年以来，成都银行敏锐注意到新旧动能切换的发展趋 势，先后设立科技支行、文创支行、绿色金融支行等 ...

银行不良率的表面稳定，掩盖了深层次的结构性变迁。过去依靠拨备调节和风险轮动实现的"软着陆"，正在进入尾声。随着超额拨备空间收窄、零售风险 持续暴露、中小银行资本约束趋紧，银行业或将迎来真正的压力测试。 作者：胡群 建设银行的三季报并非孤例，而是中国银行业系统性风险出清进入尾声的缩影。国信证券2025年9月29日发布的研报《资产质量十五年：上市银行不良出 清与拨备压力观察》指出，过去十五年，银行通过"分领域、分阶段"的方式，依次化解了小微、制造业、房地产、城投及当前的零售贷款风险，避免了集 中暴露对利润表的冲击。 在此背景下，不同类型银行的资产质量呈现显著分化。国有大行普遍保持稳健。截至3季度末，中国银行（601988.SH）不良贷款率为1.24%，拨备覆盖率 196.60%；邮储银行（601658.SH）不良贷款余额为910.09亿元，较上年末增加106.90亿元；不良贷款率0.94%，较上年末上升0.04个百分点；关注类贷款余 额1,334.12亿元，同比增加490.84亿元，占比升至1.38%；拨备覆盖率240.21%，较年初下降45.94个百分点，虽整体指标尚可，但风险信号值得关注。 股份制银行中，部分 ...

Core Insights - The city commercial bank sector experienced a rise of 1.06% on October 31, with Guiyang Bank leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Guiyang Bank (601997) closed at 6.08, up 3.23% with a trading volume of 1.05 million shares and a transaction value of 638 million [1] - Qilu Bank (601665) closed at 6.05, up 2.89% with a trading volume of 1.23 million shares and a transaction value of 745 million [1] - Nanjing Bank (601009) closed at 11.31, up 2.26% with a trading volume of 766,400 shares and a transaction value of 859 million [1] - Other notable banks include Changsha Bank (601577) at 9.57, up 2.24%, and Ningbo Bank (002142) at 28.34, also up 2.24% [1] Capital Flow - The city commercial bank sector saw a net inflow of 296 million from institutional investors, while retail investors experienced a net outflow of 146 million and 150 million respectively [2] - The capital flow data indicates that Nanjing Bank had a net inflow of 12.9 million from institutional investors, but a net outflow of 59.7 million from speculative funds and 69 million from retail investors [3] - Ningbo Bank recorded a net inflow of 91.9 million from institutional investors, with outflows from both speculative and retail investors [3]

截至9月末，该行贷款余额（不含应计利息）8462.47亿元，较上年末增长1049.28亿元，增幅14.15%， 显著高于资产增速，其中新增主力约9成为公司贷款。 新华财经成都10月31日电（记者袁波）记者31日从成都银行获悉，今年前三季度，该行实现营业收入 177.61亿元，同比增长3.01%；归母净利润94.93亿元，同比增长5.03%。 今年以来，行业普遍面临净息差收窄带来的压力，成都银行依然交出了经营业绩稳健、总资产持续增 长、资产质量保持优秀、风险抵补能力充足的答卷。 数据显示，截至9月末，成都银行总资产规模达1.38万亿元，较年初增长10.81%。该行不良贷款率 0.68%，资产质量仍稳居银行业第一梯队。 在文创金融领域，成都银行也有布局。今年，动画电影《哪吒2》燃爆全球，成都文创产业发展迎来里 程碑。截至9月末，成都银行通过"文创通"累计服务超530家文创类企业，累计支持金额超47亿元。 近年来，成都银行先后为天府国际机场、轨道交通建设等重大项目提供坚实资金保障，今年上半年在申 报及发行专项债金额超450亿元的经验基础上，三季度继续加大对区域重点项目的支持力度。 成都银行相关负责人表示，该行持续锚 ...

丨证券研究报告丨 [Table_scodeMsg1] 公司研究丨点评报告丨成都银行（601838.SH） [Table_Title] 利息加速增长，做实资产质量指标 ——2025 年三季报点评 报告要点 [Table_Summary] 前三季度营收同比增速 3.0%，归母净利润增速 5.0%。利息净收入同比增长 8.2%，保持快速 增长，反映信贷高速扩表+息差降幅收窄；非息净收入受债市波动影响下降 16.5%。资产端持 续扩张，总资产较期初增长 10.8%，贷款增长 14.2%，企业贷款保持高增长。不良率环比+2BP 至 0.68%，但关注率环比下降 7BP 至 0.37%，预计收紧不良认定标准做实资产质量指标，拨 备覆盖率 433%，环比-20pct 仍处于高位。展望未来，中长期维度信贷市占率预计持续提升， 息差企稳回升有望带动营收增速上行。 分析师及联系人 [Table_Author] 马祥云 盛悦菲 SAC：S0490521120002 SAC：S0490524070002 SFC：BUT916 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table ...

2024年10月30日，成都银行的5.34万股东集体领教了什么叫"黑色星期三"。 更讽刺的是，三季报里那个刺眼的数字——非利息净收入同比暴跌52.88%。 三季度国债那一轮暴跌，很多人只当是市场波动，但对小银行来说，这是要命的事。 你以为银行都是靠存贷利差赚钱？那是上个时代的故事了。现在利率市场化，息差被压缩到肉眼可见的薄，债券投资、中间业务这些"副业"才是续命的关 键。成都银行三季度的利息净收入还能涨 ，但非息收入直接腰斩，说明什么？说明它的盈利结构已经开始失衡。 账面上看，成都银行很风光。 但你仔细品品这个结构，就能发现问题。 大行有什么？ 但成都银行这种区域性银行不一样，息差本来就薄得可怜，好不容易靠买债券赚点手续费、投资收益补贴家用，现在国债一跌，连这点活路都被堵死了。 前三季度，成都银行非利息净收入30.36亿，同比跌了16.52%。但你看单季度数据就更惨烈：第三季度只剩5.32亿，去年同期可是11.29亿。这不是下降，这 是塌方式崩溃。 | 项目 | 2025年7-9月 | 比上年同期增减 | 2025年1-9月 | 比上年 | | --- | --- | --- | --- | --- | | ...

Core Viewpoint - Chengdu is actively promoting financing support for private enterprises through organized events and specialized loan products, aiming to enhance credit availability and project development efficiency [1] Group 1: Financing Initiatives - Chengdu Development and Reform Commission organized a financing matchmaking event involving over 40 private enterprises and 16 financial institutions to facilitate cooperation through project roadshows and financial product introductions [1] - Chengdu Bank launched a dedicated loan product for private enterprises called "Minying Loan," which offers various credit enhancement methods and an annual loan quota of no less than 50 billion yuan [1] Group 2: Loan Product Features - "Minying Loan" includes advantages such as support for intellectual property and accounts receivable as collateral, daily interest calculation, flexible repayment options, and no principal repayment renewal [1] - The loan's annual interest rate is capped at the same level as the current Loan Prime Rate (LPR), ensuring competitive pricing for borrowers [1] Group 3: Financial Services and Platforms - Chengdu has established a comprehensive financial service platform called "Rongyidai" to help enterprises easily find relevant loan products [1] - The Chengdu Jiaozi Financial Holding Group has created 72 offline financial service stations to support local enterprises, enhancing accessibility to financial services [1] Group 4: Future Plans - The Chengdu Development and Reform Commission plans to continuously gather financing needs from private enterprises and collaborate with financial institutions to introduce more specialized loan products [1] - Regular "government-finance-enterprise" financing matchmaking activities will be conducted to improve credit issuance efficiency and accelerate project construction [1]

Core Insights - The overall performance of listed banks in China has shown signs of recovery, with many banks reporting improved profitability in the third quarter of 2025, supported by a stabilization in net interest margins [1][2][3]. Group 1: Financial Performance - The six major banks reported varying net profits and revenue growth rates for the first three quarters of 2025, with Industrial and Commercial Bank of China leading in net profit at 269.91 billion yuan, a year-on-year growth of 0.33% [1]. - Several banks, including China Merchants Bank and Huaxia Bank, demonstrated positive revenue growth in the third quarter, with China Merchants Bank achieving a revenue growth rate of 2.11% [3]. - Regional banks like Nanjing Bank and Chongqing Bank exhibited robust performance, with both reporting revenue and net profit growth rates exceeding 8% for the first three quarters [3]. Group 2: Asset Quality and Stability - The asset quality of listed banks has generally improved, with banks like Chongqing Bank and Shanghai Pudong Development Bank reporting declines in non-performing loan ratios [4]. - The stability of net interest income and the recovery of non-interest income are identified as key factors supporting the banks' profitability [4]. Group 3: Net Interest Margin - The net interest margin has shown signs of stabilization and recovery, which is a critical highlight in the current performance cycle of the banking sector [5]. - Regional banks such as Jiangyin Bank and Ruifeng Bank reported increases in their net interest margins, indicating effective management of asset-liability structures [5]. Group 4: Impact of Bond Market Volatility - The volatility in the bond market has emerged as a significant variable affecting non-interest income for some banks, leading to revenue pressures [6]. - For instance, China Merchants Bank reported a decline in revenue due to losses in fair value changes, attributed to fluctuations in the bond market [6]. - Huaxia Bank also experienced a substantial drop in fair value gains, which negatively impacted its revenue performance [6][7].