证券代码：601838 证券简称：成都银行 公告编号：2025-023 深刻领会习近平总书记关于"两个一以贯之"的重要论述，深 化党的领导和公司治理有机统一，构建形成各治理主体权责清晰、制 衡有效、运行规范的现代化公司治理体系。 （一）坚持党的领导，促进党建与公司治理有机统一 坚持和加强党的全面领导，毫不动摇落实"两个一以贯之"， 坚持加强党的领导与完善公司治理有机统一，将党的领导贯穿于公司 治理的全过程，通过创新党建工作方式方法，将党的组织优势转化为 1 成都银行股份有限公司 关于"提质增效重回报"行动方案的公告 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。 为全面贯彻党的二十大和二十届二中、三中全会精神，深入落 实中央经济工作会议、中央金融工作会议决策部署，按照国务院《关 于进一步提高上市公司质量的意见》要求，推动公司高质量发展和投 资价值提升，保障广大投资者合法权益，成都银行股份有限公司（以 下简称"本行"）制定了"提质增效重回报"行动方案。具体如下： 一、规范公司治理，夯实行稳致远根基 企业的创新动力，推动本行在发 ...

中国资产午后走强。 5日，A股午后在金融板块的带动下发力拉升，上证50指数涨0.77%，北证50指数大涨近3%；港股走势强劲，恒生指数涨近3%，恒生科技指数大涨超4%。个 股方面，同程旅行涨超10%，小米集团、华虹半导体、京东健康涨超7%，京东集团、腾讯控股涨约3%。 具体来看，沪指午后在金融板块的带动下发力上攻，深证成指、创业板指翻红，北证50指数表现强势。截至收盘，沪指涨0.53%报3341.96点，深证成指涨 0.28%报10709.46点，创业板指涨0.01%报2190.36点，上证50指数涨0.77%，北证50指数涨2.82%，沪深北三市合计成交15459亿元，较昨日增加659亿元。 银行、保险、券商板块集体上扬，成都银行涨超3%，中信银行、招商银行等涨超2%；工程机械板块大幅拉升，山东矿机、柳工、山推股份等涨停；6G概念 爆发，本川智能、三维通信、兴森科技等涨停；人形机器人概念热度不减，一博科技、隆盛科技续创新高，捷昌驱动、兆威机电、智微智能等斩获两连板； 算力概念走高，元道通信、拓维信息、纵横通信等涨停，并行科技大涨超17%。 金融板块拉升 银行板块盘中发力拉升，截至收盘，成都银行涨超3%，中信 ...

面对充满挑战的复杂经营环境，成都银行以"结构优化+风险可控"为核心，展现出高质量发展带来的强 劲韧性和可持续发展动能。 经营业绩方面，营收、净利保持双增长。2024年营业收入229.77亿元，同比增长5.88%；归属于母公司 的净利润128.63亿元，同比增长10.21%，在银行业整体承压的背景下，展现出盈利能力的韧性和经营策 略有效性。 2月10日，成都银行业绩快报出炉，多项关键指标彰显高质量发展底色。截至2024年末，成都银行总资 产规模突破1.25万亿元，较年初增长14.56%；归属于母公司普通股股东的净资产达798.51亿元，较年初 增长 22.40%；资产规模的持续扩张为未来业务发展奠定坚实基础。 在保持规模增长同时，该行资产质量保持行业标杆水平――截至2024年末，成都银行不良贷款率进一步 降至0.66%，较年初下降0.02个百分点，维持在历史最优、行业领先水平，是A股上市银行中唯一一家 不良率低于0.7%的银行；拨备覆盖率达到479.28%，远高于银行业平均水平，具备较强的风险抵御能 力，凸显该行近年来风险管理能力在精细化、智能化、数字化水平的提升。 作为成渝地区双城经济圈金融机构，成都银行拥有 ...

Investment Rating - The report adjusts the investment rating for Chengdu Bank to "Accumulate" with a target price of 18.89 RMB, indicating a potential upside of 12% from the current price of 16.87 RMB [5][3]. Core Views - Chengdu Bank's revenue for 2024 is projected to be approximately 23 billion RMB, reflecting a year-on-year growth of 5.88%. The net profit attributable to shareholders is expected to reach 12.9 billion RMB, marking a continuous double-digit growth rate of 10.21% for four consecutive years, showcasing strong operational resilience [2][10]. - The bank maintains a low non-performing loan (NPL) ratio of 0.66%, which is the lowest among A-share listed banks, and the non-performing loan coverage ratio stands at 479.3%, indicating robust asset quality and risk mitigation capabilities [2][11]. Summary by Sections Financial Performance - Chengdu Bank's total revenue for 2024 is estimated at 23 billion RMB, with a year-on-year growth rate of 5.88%. The net profit attributable to shareholders is projected at 12.9 billion RMB, maintaining a double-digit growth rate of 10.21% for four consecutive years [2][10]. - The bank's revenue growth rate has improved compared to previous quarters, with Q1, H1, and Q1-Q3 growth rates of 6.27%, 4.28%, and 3.23% respectively [10]. Asset Quality - As of the end of 2024, Chengdu Bank's non-performing loan ratio remains at a historical low of 0.66%, with a year-on-year decrease of 0.02 percentage points. The bank continues to lead in asset quality among A-share listed banks [11]. - The non-performing loan coverage ratio is at 479.3%, slightly down by 18.1 percentage points from the previous quarter, but still among the top in the industry, providing a solid safety margin for profit release and business expansion [11]. Profit Forecast and Valuation - The forecast for net profit growth from 2024 to 2026 is 10.20%, 9.65%, and 5.04% respectively. The corresponding book value per share (BPS) is projected to be 18.35 RMB, 21.69 RMB, and 24.70 RMB [3][14]. - The target price calculated using the dividend discount model is 18.89 RMB, corresponding to a price-to-book (PB) ratio of 1.03x for 2024 [3][14].

Investment Rating - The report adjusts the investment rating for Chengdu Bank to "Accumulate" with a target price of 18.89 RMB, indicating a potential upside of 12% from the current price of 16.87 RMB [5][3]. Core Views - Chengdu Bank's revenue for 2024 is projected to be approximately 23 billion RMB, reflecting a year-over-year growth of 5.88%. The net profit attributable to shareholders is expected to reach 12.9 billion RMB, marking a continuous double-digit growth for four consecutive years at 10.21% [2][10]. - The bank maintains a low non-performing loan (NPL) ratio of 0.66%, which is the lowest among A-share listed banks, showcasing strong asset quality and risk mitigation capabilities. The non-performing loan coverage ratio stands at 479.3%, providing a solid safety margin for profit release and business expansion [2][11]. Summary by Sections Financial Performance - Chengdu Bank's total revenue for 2024 is estimated at 23 billion RMB, with a year-over-year growth rate of 5.88%. The net profit attributable to shareholders is projected at 12.9 billion RMB, continuing a trend of double-digit growth for four years [2][10]. - The bank's revenue growth rate has improved compared to previous quarters, indicating a recovery momentum [10]. Asset Quality - As of the end of 2024, Chengdu Bank's NPL ratio remains at a historical low of 0.66%, with a slight year-over-year decrease of 0.02 percentage points. This positions the bank as a leader in asset quality among A-share listed banks [11]. - The non-performing loan coverage ratio is at 479.3%, despite a minor decline, it remains among the top in the industry, ensuring robust risk coverage [11]. Profitability Forecast and Valuation - The forecast for net profit growth from 2024 to 2026 is 10.20%, 9.65%, and 5.04%, respectively. The estimated book value per share (BPS) for these years is projected to be 18.35 RMB, 21.69 RMB, and 24.70 RMB [3][14]. - The target price calculated using the dividend discount model is 18.89 RMB, corresponding to a price-to-book (PB) ratio of 1.03x for 2024 [3][14].

Investment Rating - The investment rating for Chengdu Bank is "Buy" and is maintained [5]. Core Views - Chengdu Bank's 2024 annual revenue growth rate is 5.9%, with a significant increase of 14.7% in the fourth quarter. The net profit attributable to shareholders is expected to grow by 10.2% year-on-year [1][3]. - The bank's total assets grew by 15% year-on-year, indicating robust expansion. The credit growth is anticipated to remain strong into 2025, with a good start expected [1][6]. - The net interest margin is expected to stabilize in the fourth quarter, while the cost of liabilities is projected to improve [1][6]. - Asset quality remains strong, with a non-performing loan ratio stable at 0.66% and a provisioning coverage ratio decreasing by 18 percentage points to 479% [1][6]. Summary by Sections Performance - Chengdu Bank reported a significant revenue increase in Q4, with a year-on-year growth of 14.7%. The annual revenue growth for 2024 is 5.9%, while the net profit attributable to shareholders is expected to grow by 10.2% [1][3][6]. - The bank's asset quality is excellent, with a non-performing loan ratio of 0.66% and a provisioning coverage ratio of 479% [1][6]. Scale - The total assets of Chengdu Bank increased by 15% year-on-year, with a quarterly growth of 2.3%. The bank is expected to continue expanding its credit portfolio in 2025 [1][6]. Interest Margin - The net interest margin is projected to stabilize in Q4, with the cost of liabilities expected to improve significantly due to a high proportion of fixed-term deposits [1][6]. Asset Quality - The bank maintains industry-leading asset quality metrics, with a non-performing loan ratio of 0.66% and a provisioning coverage ratio of 479%, indicating strong risk mitigation capabilities [1][6]. Investment Recommendations - The report suggests that Chengdu Bank will benefit from the economic growth in the Chengdu-Chongqing region, with expectations for continued high growth in credit and stable asset quality metrics [1][6]. The bank's capital position has been strengthened through successful convertible bond conversions, enhancing its long-term operational capacity [1][6].

报告原因：有业绩公布需要点评 买入（维持） | 市场数据： | 2025 年 02 月 10 日 | | --- | --- | | 收盘价（元） | 16.46 | | 一年内最高/最低（元） | 17.49/12.36 | | 市净率 | 1.0 | | 股息率%（分红/股价） | 5.45 | | 流通 A 股市值（百万元） | 69,643 | | 上证指数/深证成指 | 3,322.17/10,631.25 | | 注："股息率"以最近一年已公布分红计算 | | 2025 年 02 月 11 日 成都银行 (601838) ——业绩双位数释放，优质高股息重申买入 | 基础数据: | 2024 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 18.49 | | 资产负债率% | 93.69 | | 总股本/流通 A 股(百万) | 4,238/4,231 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 02-19 03-19 04-19 05-19 06-19 07-19 08-19 09-19 10-19 11-19 12-19 0 ...

公 司 报 告 银行 2025 年 2 月 11 日 【平安证券】成都银行（601838.SH）*季报点评*盈利 稳健增长，资产质量保持优异*强烈推荐20241030 成都银行(601838.SH) 营收回暖，资产质量稳健 强烈推荐（维持） 股价：16.46 元 主要数据 | 行业 | 银行 | | --- | --- | | 公司网址 | www.bocd.com.cn | | 大股东/持股 | 成都交子金融控股集团有限公司 | | | /19.66% | | 实际控制人 | 成都市人民政府 | | 总股本(百万股) | 4,238 | | 流通 A 股(百万股) | 4,231 | | 流通 B/H 股(百万股) | | | 总市值（亿元） | 698 | | 流通 A 股市值(亿元) | 696 | | 每股净资产(元) | 18.84 | | 资产负债率(%) | 93.7 | 行情走势图 相关研究报告 证券分析师 | 袁喆奇 投资咨询资格编号 | | --- | | S1060520080003 | | YUANZHEQI052@pingan.com.cn | | 研究助理 | | 许淼 一般证券从 ...

Financial Performance - In 2024, Chengdu Bank achieved an operating income of RMB 22.977 billion, representing a year-on-year growth of 5.88%[3] - The net profit attributable to shareholders of the parent company reached RMB 12.863 billion, an increase of 10.21% compared to the previous year[3] - Basic earnings per share for the year were RMB 3.28, an increase of 8.97% from RMB 3.01 in the previous year[3] Asset and Equity Growth - Total assets at the end of 2024 amounted to RMB 1,250.081 billion, reflecting a growth of 14.56% from the beginning of the year[5] - The net assets attributable to ordinary shareholders of the parent company increased to RMB 79.851 billion, up 22.40% year-on-year[3] - The total share capital increased to 4.170 billion shares, a growth of 9.33% from the previous year[4] - The net asset per share attributable to ordinary shareholders of the parent company rose to RMB 19.15, an increase of 11.99% year-on-year[4] Loan Quality and Risk Management - The non-performing loan ratio improved to 0.66%, a decrease of 0.02 percentage points from the beginning of the year[4] - The provision coverage ratio was reported at 479.28%, down 25.01 percentage points compared to the previous year[4] Return on Equity - The weighted average return on equity decreased to 17.80%, down 0.98 percentage points from the previous year[3]

截至2024年末，公司不良贷款率0.66%，较年初下降0.02个百分点；拨备覆盖率479.28%，较年初下降 25.01个百分点。 e公司讯，成都银行(601838)2月10日晚间发布业绩快报，2024年公司实现营业收入229.77亿元，同比增 长5.88%；净利润128.63亿元，同比增长10.21%；基本每股收益3.28元。 ...