Investment Rating - The investment rating for Chengdu Bank is maintained at "Buy" with a target price of RMB 23.33 [1][9]. Core Views - The report highlights the steady progress of the major shareholder's increase in holdings, reflecting confidence in the bank's value and development potential [5][6]. - Recent trends show a wave of share buybacks among listed banks, indicating strong recognition of value and confidence in future growth [8]. - The bank's fundamentals remain solid, with a stable transition in management and a focus on risk control, maintaining a high provision coverage ratio [7]. Financial Performance and Forecast - Chengdu Bank's revenue and net profit are projected to grow steadily, with expected revenues of RMB 22,982 million in 2024 and RMB 24,311 million in 2025, reflecting growth rates of 5.89% and 5.78% respectively [4][19]. - The bank's net profit attributable to shareholders is forecasted to reach RMB 12,858 million in 2024 and RMB 13,817 million in 2025, with growth rates of 10.17% and 7.46% respectively [4][19]. - The non-performing loan ratio is expected to remain stable at 0.66% for 2025 and 2026, indicating strong asset quality management [4][19]. Valuation Metrics - The report maintains a target price-to-book (PB) ratio of 1.10 for 2025, with a corresponding target price of RMB 23.33, reflecting the bank's strong position in the industry [9]. - The forecasted earnings per share (EPS) for 2025 is RMB 3.26, with a price-to-earnings (PE) ratio of 5.38 [19]. - The dividend yield is projected to increase from 4.99% in 2024 to 5.37% in 2025, indicating a commitment to returning value to shareholders [19].

Group 1 - Chengdu Bank announced the resignation of its Human Resources Director, Ms. Wei Xiaoying, due to retirement, effective from September 18, 2025 [2] - After her resignation, Ms. Wei Xiaoying will no longer hold any position within the company [2]

Core Viewpoint - Chengdu Bank has received a notification from Chengdu Industrial Capital Holding Group regarding the progress of its shareholding increase, which has triggered a 1% change in equity [1] Summary by Relevant Sections Shareholding Increase - From August 27, 2025, to September 19, 2025, Chengdu Industrial Capital Group has cumulatively increased its shares in Chengdu Bank by 11,424,450 shares, representing 0.2695% of the total shares [1] - The total amount spent on this share increase is 207.7291 million yuan [1] Current Shareholding Status - As of September 19, 2025, Chengdu Industrial Capital Group's shareholding in Chengdu Bank has increased from 24,765,708.6 shares to 25,430,603.6 shares, raising its ownership percentage from 5.8431% to 6.00% [1]

证券代码：601838 证券简称：成都银行 公告编号：2025-058 成都银行股份有限公司关于持股 5%以上股东 权益变动触及 1%刻度的提示性公告 持股 5%以上股东成都产业资本控股集团有限公司保证向本公司提供 的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 一、信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 √ | | --- | --- | | | 其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他 （请注明） | 2.信息披露义务人信息 | 信息披露义务人名称 | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | | | □控股股东/实控人 | √915101006331271244 | | 成都产业资本控股集 | □控股股东/实控人的一致 | | | 团有限公司 | 行动人 | □不适用 | | | √其他直接 ...

二、高级管理人员离任对公司的影响 经魏小瑛女士确认，其与本公司董事会无不同意见，亦无任何与其辞任有关 的事项需要通知本公司股东及债权人。魏小瑛女士已按照本公司相关规定做好交 接工作，并将严格履行本公司首次公开发行股票时所作的关于所持股份锁定及减 持相关承诺。 魏小瑛女士自 1996 年参与筹建并加入本公司，2015 年起担任总行领导职务， 见证、参与了成都银行近三十年的改革发展事业。魏小瑛女士恪尽职守、勤勉尽 责、锐意进取，在担任本公司人力资源总监期间，以精益求精务实的敬业精神、 姓名 离任职务 离任时间 原定任期 到期日 离任原因 是否继续在上 市公司及其控 股子公司任职 是否存在未 履行完毕的 公开承诺 魏小瑛 人 力 资 源 总监 2025年 9月 18 日 2027年6 月 11 日 退休 否 是 一、高级管理人员离任情况 证券代码：601838 证券简称：成都银行 公告编号：2025-057 成都股份有限公司 关于高级管理人员退休离任的公告 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： 成都银行股份 ...

成都银行公告，持股5%以上股东成都产业资本控股集团有限公司增持0.2695%股份，权益变动后持股比 例达到6.00%。此次增持通过上海证券交易所交易系统以集中竞价方式进行，累计增持金额为2.08亿 元。此次权益变动属于履行此前披露的增持股份计划，不触及要约收购，也不会导致成都银行控股股东 及实际控制人发生变化。增持计划尚未实施完毕，公司将持续关注并及时履行信息披露义务。 ...

快查股权穿透数据显示，该公司由新华文轩持股，出资比例为1.89%。 （来源：快查一企业中标了） 快查APP显示，新华文轩相关公司成都银行股份有限公司于2025年9月19日发布一则招标信息，项目名 称为成都银行银校合作-四川工商学院"智慧校园门禁及智慧后勤"服务采购项目采购公告，预算金额为 330.00万元。 ...

Core Viewpoint - Recent surge in bank stock purchases by executives and major shareholders indicates strong confidence in the banks' future value and strategic direction [1][8] Group 1: Executive and Major Shareholder Purchases - Suzhou Bank's executives, including the chairman and president, collectively purchased 600,000 shares, amounting to approximately 4.96 million yuan, representing 0.0134% of the total shares [2] - Qilu Bank announced a plan for its executives to voluntarily purchase at least 3.5 million yuan worth of shares between September 16, 2025, and December 31, 2025 [3] - Huaxia Bank's executives purchased 4.23 million shares for about 31.9 million yuan, reflecting a proactive approach to bolster confidence in the bank's value [4] Group 2: Major Shareholder Support - Everbright Bank's major shareholder increased its stake by 13.97 million shares, worth approximately 51.66 million yuan, representing 0.02% of the total shares [9] - Nanjing Bank's major shareholder's subsidiary acquired 56.78 million shares, increasing the total holding from 12.56% to 13.02% [9] - Chengdu Bank's major shareholders purchased a total of 9.66 million shares, with investments of approximately 87 million yuan and 79.59 million yuan respectively [9] Group 3: Market Implications - The concentrated buying activity from bank executives and major shareholders signals a positive outlook for the banking sector, potentially alleviating investor concerns regarding business models and asset quality [10] - The current low price-to-book ratios and high dividend yields of bank stocks make them attractive for long-term investment [10] - Analysts suggest that the shift from defensive to proactive market management reflects expectations of economic recovery and stable interest margins, enhancing the banks' valuation [10]

快查股权穿透数据显示，该公司由新华文轩持股，出资比例为1.89%。 （来源：快查一企业中标了） 快查APP显示，新华文轩相关公司成都银行股份有限公司于2025年9月18日发布一则招标信息，项目名 称为成都银行新核心业务系统建设—核心数据迁出采购项目公告，预算金额为600.00万元。 ...

Group 1 - Several city commercial banks in A-shares have seen significant share buybacks amid stock price corrections [1][2] - Qilu Bank announced a plan for its directors and senior management to buy back shares worth no less than 3.5 million yuan between September 16, 2025, and December 31, 2025 [1] - Suzhou Bank's directors and senior management plan to buy back shares worth at least 4.2 million yuan from September 8, 2025, to December 31, 2025, reflecting confidence in the bank's future [1] Group 2 - Major shareholders of several city commercial banks are also increasing their stakes [2] - Qingdao Bank's major shareholder plans to buy between 233 million and 291 million shares, raising their total stake to between 19% and 19.99% [2] - Nanjing Bank's major shareholder increased their stake from 12.56% to 13.02% by acquiring 56.78 million shares [2] Group 3 - Chengdu Bank's controlling entities increased their holdings by 4.77 million and 4.36 million shares, with total investments of approximately 87 million yuan and 79.6 million yuan respectively [3] - As of September 17, only four out of 42 A-share listed banks showed a price increase over the past 60 days, while the majority experienced declines, with some city commercial banks dropping over 10% [3]