Investment Rating - The report maintains an "Increase" rating for the banking sector, indicating a positive outlook for the industry [1]. Core Insights - In the first half of 2025, the contribution of financial asset disposal gains from AC and OCI accounts to revenue reached 5.2%, an increase of 2.9 percentage points compared to 2024 [1][2]. - The investment income growth rate for 42 listed banks was 23.6%, with AC, OCI, and TPL gains showing year-on-year growth rates of 134.7%, 79.0%, and -8.4% respectively [1]. - The report highlights that the increase in disposal gains does not necessarily indicate a significant increase in asset disposal scale, as market conditions and strategies vary among banks [2]. Financial Asset Disposal Gains - The contribution of AC and OCI financial asset disposal gains to revenue was 5.2%, up 2.9 percentage points from 2024, with AC asset disposal gains contributing 2.6% [2]. - Among different types of banks, rural commercial banks had the highest contribution from AC and OCI disposal gains, reaching 11.0%, an increase of 6.2 percentage points from 2024 [2]. - Specific banks such as Jiangyin Bank, Sunong Bank, and Zijin Bank had high disposal gain ratios relative to their revenue, at 28.9%, 26.7%, and 22.7% respectively [2]. OCI Floating Profit Situation - The overall OCI floating profit decreased compared to the end of the previous year, accounting for 12.6% of the estimated profit for 2025 [3]. - Major state-owned banks like CCB and ABC reported significant OCI floating profits, with balances exceeding 30 billion [3]. - The average contribution of OCI floating profits to profits for city and rural commercial banks was notably high, with Ningbo Bank's ratio reaching 35% [3][6]. Sector Trends - The banking sector is expected to benefit from expansionary policies aimed at stabilizing the economy, with a focus on real estate and consumer spending [7]. - The report suggests a focus on banks with improving fundamentals, such as Ningbo Bank, and those with dividend strategies like Jiangsu Bank and Chengdu Bank [7]. - Attention is also drawn to banks with potential convertible bond conversion expectations, including Shanghai Bank and Industrial Bank [7].

Group 1: Profitability and Business Performance - Chengdu Bank reported a revenue of 12.27 billion yuan, a year-on-year increase of 5.91%, and a net profit of 6.62 billion yuan, up 7.29% year-on-year, indicating positive growth but a significant slowdown compared to previous years [4][5] - The net profit growth rate of 7.29% is notably lower than the double-digit growth seen in some peer banks, reflecting insufficient momentum in profitability [4][5] - The bank's net income from fees and commissions dropped sharply by 45% year-on-year to 250 million yuan, primarily due to a decrease in wealth management fees, highlighting challenges in its intermediary business [4][5] Group 2: Asset Quality and Risk Exposure - Chengdu Bank's non-performing loan (NPL) ratio remained stable at 0.66%, but the provision coverage ratio fell by 26.64 percentage points to 452.65%, indicating increased asset quality pressure [7][9] - The NPL rates in specific sectors such as real estate and wholesale retail have risen, with the real estate NPL rate at 2.44%, up 29 basis points, and the wholesale retail NPL rate at 2.09%, up 32 basis points [7][8] - The total overdue loans increased significantly to 6.40 billion yuan from 5.22 billion yuan at the end of the previous year, with various overdue categories showing growth, indicating escalating credit risk [9][12] Group 3: Capital Adequacy and Regulatory Challenges - The core tier one capital adequacy ratio decreased to 8.61%, down 0.45 percentage points from the end of 2024, while the overall capital adequacy ratio fell to 13.13%, down 0.75 percentage points [13][14] - Despite meeting regulatory minimum requirements, the declining trend in capital adequacy ratios raises concerns, especially in a challenging risk management environment [13][14] - Chengdu Bank received a regulatory warning in January 2025 for deficiencies in its fund sales business, reflecting weaknesses in internal controls and compliance management [14][15]

证券代码：601838 证券简称：成都银行 公告编号：2025-056 成都银行股份有限公司 关于召开2025年第二次临时股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2025年第二次临时股东大会 召开的日期时间：2025 年 9 月 22 日 9 点 30 分 召开地点：四川省成都市西御街 16 号成都银行大厦 5 楼 3 号会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 股东大会召开日期：2025年9月22日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 二、 会议审议事项 本次股东大会审议议案及投票股东类型 网络投票起止时间：自2025 年 9 月 22 日 至2025 年 9 月 22 日 采用上海证券 ...

成都银行股份有限公司 2025 年第二次临时股东大会会议材料 成都银行股份有限公司 2025年第二次临时股东大会会议材料 （股票代码：601838） 2025 年 9 月 22 日 成都银行股份有限公司 2025 年第二次临时股东大会会议材料 文件目录 | 会议须知…………………………………………………….2 | | | --- | --- | | 议案 1 | 关于选举成都银行股份有限公司第八届董事会非独立 | | 董事的议案……………………………………………………5 | | 1 成都银行股份有限公司 2025 年第二次临时股东大会会议材料 会议须知 三、股东参加股东大会，应当认真履行其法定义务，会 议开始后应将手机铃声置于无声状态，尊重和维护其他股东 合法权益，保障大会的正常秩序。 四、股东及股东代理人参加股东大会依法享有表决权、 发言权、质询权等权利。根据《成都银行股份有限公司章程》 第八十七条规定，股权登记日（即 2025 年 9 月 15 日）股东 在本公司授信逾期的，应当限制其在股东大会的表决权。股 权登记日（即 2025 年 9 月 15 日）股东质押本公司股权数量 达到或超过其持有本公司股权的 ...

Investment Rating - The report maintains a positive outlook on the banking sector's allocation value, suggesting continued investment interest in the sector [4][10]. Core Viewpoints - The performance of listed banks in the first half of 2025 shows a marginal improvement in revenue and profit margins, with year-on-year growth of 1.0% in revenue and 0.8% in net profit attributable to shareholders [4][5]. - The recovery in the bond market during the second quarter has alleviated some of the pressures on bond investment returns, contributing to the overall performance improvement [4][5]. - The report anticipates that the banking sector's revenue and net profit growth will remain around 1% year-on-year for 2025, despite ongoing pressures on the banking fundamentals [4][10]. Summary by Sections Performance Overview - In the first half of 2025, listed banks experienced a year-on-year revenue growth of 1.0% and a net profit growth of 0.8%, with quarter-on-quarter improvements of 2.8 percentage points and 2 percentage points respectively [4][5]. - The growth in interest-earning assets was 9.7% year-on-year, with a stable credit growth of 8% and a significant increase in financial investments by 14.9% [4][11]. - The net interest margin for the first half of 2025 was 1.33%, showing a year-on-year decline of 13 basis points, which is less than the decline seen in the same period last year [4][5]. Non-Interest Income - Non-interest income showed a positive trend, with a year-on-year increase of 10.8% in other non-interest income and a 3.1% increase in fee income [4][5][10]. - The report highlights that the recovery in the capital market has contributed to the improvement in non-interest income [4][10]. Asset Quality - The report notes that while the non-performing loan ratio remains stable, there is an increase in the generation rate of overdue and non-performing loans, particularly in retail banking [4][10]. - The provision coverage ratio remained stable, with an increase in provisioning efforts during the first half of 2025 [4][10]. Future Outlook - The banking sector is expected to face continued pressure in 2025, but signs of a potential turning point are emerging, with improved net interest margins and non-interest income [4][10]. - The report suggests that the demand for bank stocks will increase from long-term funds, driven by favorable policies encouraging investment in the banking sector [4][10].

Core Viewpoint - Chengdu Bank's major shareholders, controlled by the Chengdu State-owned Assets Supervision and Administration Commission, have increased their stakes, reinforcing the bank's capital base and signaling confidence in its future development [1][2][4]. Shareholder Increase - Chengdu Industrial Capital Group and Chengdu Xintianyi Investment have cumulatively increased their holdings by 8,700.10 million yuan and 7,959.35 million yuan respectively, with total shares increased being 4,775,500 and 4,364,492 [1][2]. - The total amount of the increase exceeds 160 million yuan, further consolidating the control of Chengdu State-owned Assets over Chengdu Bank [2][3]. Financial Performance - Chengdu Bank reported total assets of 1,372.225 billion yuan, a year-on-year increase of 9.77%, with total deposits reaching 983.481 billion yuan, up 11.02% [4][5]. - The bank achieved an operating income of 12.270 billion yuan, a year-on-year increase of 5.91%, and a net profit attributable to shareholders of 6.617 billion yuan, up 7.29% [4][5]. Risk Management - Chengdu Bank maintains a low non-performing loan ratio of 0.66% and a high provision coverage ratio of 452.65%, indicating strong risk management practices [5][6]. Strategic Positioning - The increase in shareholding is seen as a reaffirmation of Chengdu Bank's role as a regional financial engine, with plans to deepen cooperation with local governments and enterprises [6][7]. - The bank aims to enhance its service capabilities in emerging sectors such as green finance and inclusive finance, while also exploring diversified profit models [6][7]. Long-term Outlook - Chengdu Bank is expected to leverage its financial strength and management capabilities to expand market share and enhance brand value, while actively participating in national strategic projects [7]. - The bank's development is crucial not only for its own growth but also for regional financial stability and high-quality economic development [7].

Group 1 - The city commercial bank sector experienced a decline of 0.37% on September 5, with Chongqing Bank leading the drop [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] - Key individual stock performances in the city commercial bank sector included Ningbo Bank rising by 1.74% and Chongqing Bank falling by 1.34% [1][2] Group 2 - The net outflow of main funds from the city commercial bank sector was 287 million yuan, while retail investors saw a net inflow of 141 million yuan [2] - The trading volume for Chongqing Bank was 107,400 shares, with a transaction amount of 103 million yuan [2] - The overall trading activity showed a mixed trend, with some banks experiencing slight declines while others saw minor gains [1][2]

Core Viewpoint - Chengdu Bank announced the nomination of Mr. Huang Jianjun as a non-independent director candidate for the eighth board of directors during its 18th (temporary) meeting [2] Group 1 - Chengdu Bank's eighth board of directors held a temporary meeting on September 4 [2] - The meeting approved the proposal to nominate Mr. Huang Jianjun as a non-independent director candidate [2]

稳坐"宝座" 成都银行，西南唯一资产超万亿城商行 制图:朱林(豆包AI生成) 随着重庆银行与成都银行相继披露2025年半年度报告，西南地区两家头部城商行的经营表现再度聚焦市 场目光，同时引发市场对"西南之王"称号的新一轮讨论。 透过两份半年报不难发现，2025年上半年，两家银行在资产规模、营收利润、业务布局及风险管控四大 核心维度呈现差异化发展态势:成都银行凭借更大的资产与盈利体量暂居优势，重庆银行则以迅猛的规 模扩张、亮眼的营收增速展现强劲追赶势头。 "重对公、轻零售"特征明显 资产规模是衡量银行实力的重要基础。2025年上半年，两家银行均实现稳健扩张，但梯队差距明显。半 年报显示，截至2025年6月末，成都银行总资产达1.37万亿元，较上年末增长9.77%，继续稳坐西南地区 资产规模最大城商行的宝座；重庆银行资产总额为9833.65亿元，较上年末增加1267.23亿元，增幅 14.79%，距离万亿大关一步之遥，增长势头迅猛。 Wind数据显示，截至2025年一季度末，17家A股上市城商行中，总资产超过万亿元的有8家。其中，成 都银行是唯一资产规模超万亿元的西南地区城商行。 营收利润 两家均盈利，中间业务转 ...

证券代码：601838 证券简称：成都银行 公告编号：2025-053 成都银行股份有限公司 第八届董事会第十八次（临时）会议决议公告 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。 成都银行股份有限公司（以下简称"本公司"）于 2025 年 9 月 4 日以电子邮件及书面方式向全体董事发出关于召开董事会会议的通 知和材料，本公司第八届董事会第十八次（临时）会议于 2025 年 9 月 4 日在本公司总部 5 楼 1 号会议室以现场结合视频方式召开。本次 会议应出席有表决权董事 11 名，徐登义、余力、马骁 3 名董事现场 出席，王永强、郭令海、付剑峰、马晓峰、陈存泰、龙文彬、顾培东、 余海宗 8 名董事通过视频连线方式参加会议。会议由副董事长、行长 徐登义主持。党委书记黄建军、丰隆银行提名董事人选张育鸣、4 名 监事以及本公司部分高级管理人员等列席会议。会议的召开符合《中 华人民共和国公司法》《中华人民共和国证券法》等法律、行政法规、 部门规章、规范性文件及《成都银行股份有限公司章程》的有关规定。 会议所形成的决议合法、有 ...