北京市建国门北大街 8号华润大厦 20 层 邮编,100005 电话:(86-10)8519-1300 传真:(86-10) 8519-1350 关于成都银行股份有限公司 2025 年第一次临时股东大会 的法律意见书 致:成都银行股份有限公司 北京市君合律师事务所(以下简称"本所")接受成都银行股份有限公司(以 下简称"贵公司"）的委托,就贵公司2025年第一次临时股东大会 (以下简称"本 次会议"）召集、召开的有关事宜,根据《中华人民共和国公司法》（以下简称 "《公司法》"）、中国证券监督管理委员会《上市公司股东会规则》（以下简 称"《股东会规则》"）等中国（为出具本法律意见书之目的，不包括香港特别 行政区和澳门特别行政区及台湾省）法律、法规、规章及贵公司现行有效的《成 都银行股份有限公司章程》（以下简称"《公司章程》"）的有关规定，出具本 法律意见书。 为出具本法律意见书之目的,本所委派律师(以下简称"本所律师")列席 了贵公司本次会议，并根据现行法律、法规、规章的有关规定及要求，按照律师 行业公认的业务标准、道德规范和勤勉尽责精神，对贵公司提供的与本次会议召 开有关的文件和事实进行了核查和验证,在此基础 ...

Section I Important Notice, Table of Contents, and Definitions This section covers important notices, the report's structure, and key term definitions [1.1 Important Notice](index=2&type=section&id=1.1%20Important%20Notice) The Board, Supervisory Board, and senior management ensure the semi-annual report's accuracy, with the financial report reviewed by KPMG Huazhen, and no major risks or irregular financial activities identified - The company's semi-annual report is unaudited but has been reviewed by KPMG Huazhen LLP, which issued a review report[6](index=6&type=chunk) - During the reporting period, the Bank did not propose any semi-annual profit distribution or capital reserve to share capital conversion plans[7](index=7&type=chunk) - The Bank has no non-operating fund occupation by controlling shareholders or their related parties, nor has it provided external guarantees in violation of decision-making procedures[8](index=8&type=chunk)[9](index=9&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This section outlines the report's structure, detailing seven main chapters covering important notices, company profile, management discussion and analysis, corporate governance, significant events, share changes and shareholder information, and financial reports [Definitions](index=4&type=section&id=Definitions) This section defines common terms used in the report, ensuring consistent understanding, such as 'The Bank/Company/Chengdu Bank' referring to Bank of Chengdu Co., Ltd., and 'Reporting Period' to January 1 to June 30, 2025 - The 'Reporting Period' is defined as January 1, 2025, to June 30, 2025[14](index=14&type=chunk) Section II Company Profile and Key Financial Indicators This section provides an overview of Chengdu Bank's basic information, key financial data, and business metrics over recent years [2.1-2.8 Company Basic Information](index=5&type=section&id=2.1-2.8%20Company%20Basic%20Information) This section details Chengdu Bank's legal name, addresses, contact information, disclosure media, stock details, registration date, and accounting firm, alongside its 2024-2025 accolades, including a 170th ranking in The Banker's Top 1000 World Banks - Chengdu Bank ranked 170th in The Banker magazine's 2025 Top 1000 World Banks, an improvement of **14** places from the previous year[17](index=17&type=chunk) - The company's registered address is No. 16 Xiyu Street, Qingyang District, Chengdu, Sichuan Province, with stock code **601838**, listed on the Shanghai Stock Exchange[15](index=15&type=chunk)[17](index=17&type=chunk) [2.10 Key Accounting Data and Financial Indicators for the Past Three Years](index=7&type=section&id=2.10%20Key%20Accounting%20Data%20and%20Financial%20Indicators%20for%20the%20Past%20Three%20Years) This section presents Chengdu Bank's key accounting data and financial indicators for the past three years (H1 2023-2025), including operating income, net profit, total assets, total liabilities, EPS, ROE, NPL ratio, and provision coverage, reflecting its stable financial performance and asset quality [2.10 (I) Key Accounting Data for the Past Three Years](index=7&type=section&id=2.10%20(I)%20Key%20Accounting%20Data%20for%20the%20Past%20Three%20Years) In H1 2025, Chengdu Bank's operating income reached **12.27 billion Yuan**, a 5.91% year-on-year increase; net profit was **6.62 billion Yuan**, up 7.29%; net cash flow from operating activities significantly grew to **49.18 billion Yuan**, a 1,493.60% increase; total assets and deposits grew by 9.77% and 11.02% respectively 2025年上半年主要会计数据（单位：千元） | 项目 | 2025年1-6月 | 2024年1-6月 | 本报告期比上年同期增减 | | :--- | :--- | :--- | :--- | | 营业收入 | 12,269,651 | 11,585,057 | 5.91% | | 净利润 | 6,616,567 | 6,167,267 | 7.29% | | 经营活动产生的现金流量净额 | 49,183,294 | -3,529,214 | 1,493.60% | | 总资产（期末） | 1,372,224,705 | 1,250,116,154 | 9.77% | | 吸收存款（期末） | 983,480,964 | 885,859,340 | 11.02% | [2.10 (II) Key Financial Indicators for the Past Three Years](index=8&type=section&id=2.10%20(II)%20Key%20Financial%20Indicators%20for%20the%20Past%20Three%20Years) In H1 2025, basic earnings per share was **1.57 Yuan**, a 3.09% year-on-year decrease; weighted average return on equity fell by 1.08 percentage points to **7.94%**; net cash flow from operating activities per share significantly increased to **11.60 Yuan** 2025年上半年主要财务指标 | 项目 | 2025年1-6月 | 2024年1-6月 | 本报告期比上年同期增减 | | :--- | :--- | :--- | :--- | | 基本每股收益（元/股） | 1.57 | 1.62 | -3.09% | | 加权平均净资产收益率 | 7.94% | 9.02% | 下降1.08个百分点 | | 每股经营活动产生的现金流量净额（元/股） | 11.60 | -0.93 | 1,347.31% | [2.10 (III) Supplementary Financial Indicators for the Past Three Years](index=8&type=section&id=2.10%20(III)%20Supplementary%20Financial%20Indicators%20for%20the%20Past%20Three%20Years) As of June 2025, the non-performing loan ratio remained at **0.66%**, flat with year-end, though provision coverage and loan loss provision ratios decreased; asset profit margin and cost-to-income ratio both improved 2025年6月末补充财务指标 | 项目 | 2025年6月30日 | 2024年12月31日 | | :--- | :--- | :--- | | 不良贷款率 | 0.66% | 0.66% | | 拨备覆盖率 | 452.65% | 479.29% | | 贷款拨备率 | 2.98% | 3.16% | | 资产利润率（年化） | 1.01% | 1.08% | | 成本收入比 | 23.18% | 23.79% | Key Accounting Data for the Past Three Years (Unit: Thousand Yuan) | 项目 | 2025年1-6月 | 2024年1-6月 | 本报告期比上年同期增减 | 2023年1-6月 | | :--- | :--- | :--- | :--- | :--- | | 营业收入 | 12,269,651 | 11,585,057 | 5.91% | 11,109,888 | | 净利润 | 6,616,567 | 6,167,267 | 7.29% | 5,576,447 | | 经营活动产生的现金流量净额 | 49,183,294 | -3,529,214 | 1,493.60% | -34,402,388 | | 总资产（2025年6月30日/2024年12月31日/2023年12月31日） | 1,372,224,705 | 1,250,116,154 | 9.77% | 1,091,243,069 | | 吸收存款（2025年6月30日/2024年12月31日/2023年12月31日） | 983,480,964 | 885,859,340 | 11.02% | 780,421,289 | Key Financial Indicators for the Past Three Years | 项目 | 2025年1-6月 | 2024年1-6月 | 本报告期比上年同期增减 | 2023年1-6月 | | :--- | :--- | :--- | :--- | :--- | | 基本每股收益（元/股） | 1.57 | 1.62 | -3.09% | 1.49 | | 加权平均净资产收益率 | 7.94% | 9.02% | 下降1.08个百分点 | 9.54% | | 每股经营活动产生的现金流量净额（元/股） | 11.60 | -0.93 | 1,347.31% | -9.02 | | 不良贷款率（2025年6月30日/2024年12月31日/2023年12月31日） | 0.66% | 0.66% | - | 0.68% | | 拨备覆盖率（2025年6月30日/2024年12月31日/2023年12月31日） | 452.

成都银行：上半年净利润66.2亿元人民币。 ...

Market Overview - On August 26, the city commercial bank sector declined by 1.04%, with Guiyang Bank leading the drop [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Individual Stock Performance - Guiyang Bank closed at 6.32, down 2.17%, with a trading volume of 746,000 shares and a transaction value of 472 million [2] - Jiangsu Bank closed at 11.02, down 0.45%, with a trading volume of 1.15 million shares and a transaction value of 1.27 billion [1] - Other notable declines include Ningbo Bank at 28.34 (-0.84%) and Beijing Bank at 6.23 (-1.11%) [1][2] Capital Flow Analysis - The city commercial bank sector experienced a net outflow of 191 million from main funds, while speculative funds saw a net inflow of 331 million [2] - Retail investors had a net outflow of 140 million [2] Detailed Capital Flow for Selected Banks - Jiangsu Bank had a main fund net inflow of 44.99 million, while retail investors saw a net outflow of 50.90 million [3] - Chongqing Bank experienced a main fund net inflow of 25.15 million, with a significant retail outflow of 22.28 million [3] - Guiyang Bank had a main fund net inflow of 5.25 million but a retail outflow of 31.19 million [3]

证券代码：601838 证券简称：成都银行 公告编号：2025-048 成都银行股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 1.会议召开时间：2025 年 9 月 2 日（星期二）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 8 月 29 日（星期五）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 ： ir@bocd.com.cn，或在会议召开时提问。公司将于业绩说明会上对投资 者普遍关注的问题进行回答。 成都银行股份有限公司（以下简称"公司"）拟于 2025 年 8 月 27 日披露《成都银行股份有限公司 2025 年半年度报告》。为便于广大投资 者更全面深入地了解公司 2025 年半年度业绩和经营情况，公司拟于 一、说明会类型 本次 ...

Market Performance - On August 25, the city commercial bank sector rose by 0.63% compared to the previous trading day, with Ningbo Bank leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Individual Stock Performance - Ningbo Bank (002142) closed at 28.58, with a gain of 2.36% and a trading volume of 555,800 shares, amounting to a transaction value of 1.58 billion [1] - Other notable performers included Fengyang Bank (601997) with a 1.73% increase, Zhengzhou Bank (002936) up by 1.43%, and Beijing Bank (601169) rising by 1.29% [1] - Jiangsu Bank (616009) was the only stock in the city commercial bank sector to decline, falling by 0.72% [2] Capital Flow Analysis - The city commercial bank sector experienced a net outflow of 219 million in main funds, while retail investors saw a net inflow of 264 million [2] - The capital flow for individual stocks showed that Qilu Bank (601665) had a net inflow of 77.03 million from main funds, while Beijing Bank (601169) had a net inflow of 41.70 million [3] - Conversely, several banks like Qingdao Bank (002948) and Zhengzhou Bank (002936) experienced net outflows from main and speculative funds [3]

Market Overview - On August 25, the A-share market experienced a significant upward trend, with the Shanghai Composite Index approaching 3900 points and the ChiNext Index leading in gains [1] - The total trading volume of the two markets reached 3.14 trillion yuan, an increase of 594.4 billion yuan compared to the previous trading day [1] ETF Performance - The Dividend Low Volatility ETF (512890) rose by 0.83% on the same day, closing at 1.219 yuan, with a turnover rate of 2.59% and a trading volume of 546 million yuan, making it the top performer among similar ETFs [2][3] - As of August 22, 2025, the asset size of the ETF was 20.992 billion yuan, with a daily average trading volume of 483 million yuan over the past 20 trading days, indicating sustained market interest [2] Fund Flow Analysis - Recent fund flows indicate short-term outflows and medium to long-term inflows, with a net outflow of 57 million yuan over the past five trading days and 117 million yuan over the past ten days; however, there was a net inflow of 3.298 billion yuan over the past 60 days [2] - The ETF's cumulative return since its establishment in December 2018 has reached 141.74%, significantly outperforming its benchmark and ranking 33rd among 502 similar products [5] Holdings and Sector Focus - The ETF's top holdings are primarily in the banking sector, including Chengdu Bank, Industrial Bank, Sichuan Road and Bridge, and Daqin Railway, which all saw price increases on August 25, aligning with their high dividend and low valuation characteristics [4] - The frequency of insurance capital stake acquisitions has significantly increased in 2025, with nearly 30 instances by August 19, focusing on high-dividend, low-volatility sectors such as banking and utilities, which enhances market attention and capital inflow expectations for the ETF's holdings [4]

Summary of Key Points from the Equity Research Report on China Banks Industry Overview - The report focuses on the **China banking sector**, particularly regional banks and city commercial banks, highlighting their performance and potential for growth amid economic conditions in China [3][9]. Core Insights and Arguments - **Sector Performance**: The China banking index increased by **3.9%** over the past 60 trading days, while the CSI 300 index rose by **7.4%** during the same period, driven by ample liquidity and positive economic releases for 1H25 [3]. - **Market Reaction**: The underperformance of the banking sector is attributed to investor concerns regarding the impact of the interest discount policy on banks' net interest margins (NIM). However, the report argues that the market has overreacted, as the policy aims to balance banks' interests with the financing costs of the real economy [3]. - **Focus on High-Quality Banks**: The report emphasizes a focus on high-quality city commercial banks, particularly those with lower exposure to property loans and stable NIM due to lending practices [3][4]. - **Preferred Stocks**: The report identifies **Bank of Hangzhou (BoHZ)**, **Bank of Chengdu (BoCD)**, and **Bank of Jiangsu (BoJS)** as preferred stocks, all rated as Buy, due to their strong asset quality, local economic conditions, and potential for high returns [3][6][9]. Financial Performance Expectations - **Earnings Growth**: The report anticipates marginally better earnings for 2Q25, with expectations of a recovery in non-interest income and stabilization of NIM due to falling liability costs [4]. - **NIM Stabilization**: It is expected that the NIM of top city commercial banks will stabilize in 2H25, supported by a decrease in liability costs and a net increase in mortgage loans in certain regions [4]. - **Credit Demand**: Weaker credit demand is anticipated compared to 1H, but city commercial banks with strong regional presence are expected to outperform their peers in loan growth [4]. Adjustments to Estimates - **Net Interest Income**: Estimates for net interest income have been raised due to expected stabilization of NIM in 2H25 [5]. - **Non-Interest Income**: Estimates for non-interest income have been lowered due to anticipated declines in investment gains amid weaker bond market performance [5]. - **Operating Expenses**: Operating expense estimates have been reduced due to the implementation of AI to enhance efficiency [5]. Regional Economic Strength - **Economic Conditions**: The report highlights the strong economic conditions in **Jiangsu**, **Zhejiang**, and **Sichuan** provinces, which are expected to support the growth of regional banks [23][24][25]. - **Infrastructure Investment**: Jiangsu is noted for its leading position in infrastructure investment and a robust pipeline of large projects, which will benefit local banks [24]. Risks and Valuation - **Key Risks**: The report outlines potential risks including slower-than-expected economic recovery, higher non-performing loan ratios, and adverse impacts from macroeconomic conditions [19][20]. - **Valuation Models**: The report employs the Gordon growth model with trading discounts to derive target prices for the banks covered, indicating significant upside potential for several banks [19][20]. Conclusion - The report concludes with a positive outlook for high-quality city commercial banks in China, emphasizing their potential for excess returns driven by regional economic strength and favorable lending conditions [3][9].

Core Viewpoint - Chengdu Bank's stock price decreased by 1.64% to 17.97 yuan, with a trading volume of 751 million yuan, indicating a slight decline in market performance [1] Group 1: Company Overview - Chengdu Bank is a significant local financial institution in Sichuan Province, actively expanding its cross-border financial services [1] - The bank has introduced products like "Tianfu Foreign Trade Loan" to support financing for foreign trade enterprises and enhance cross-border settlement efficiency through digital services [1] Group 2: Financial Performance - The bank's large transaction volume reached 3.654 million yuan recently, with a total of 32.0405 million yuan in large transactions over the past three months [1] - In the first half of the year, the scale of trade foreign exchange revenue and expenditure facilitation business exceeded 450 million USD, representing a year-on-year growth of 38% [1] Group 3: Market Activity - The main funds of Chengdu Bank experienced a net outflow of 174,800 yuan today, with a total net outflow of 8.41227 million yuan over the past five days [1]

主力资金净流出的行业有19个，医药生物行业主力资金净流出规模居首，全天净流出资金34.46亿元， 其次是基础化工行业，净流出资金为20.95亿元，净流出资金较多的还有银行、机械设备、农林牧渔等 行业。 银行行业今日下跌0.30%，全天主力资金净流出17.11亿元，该行业所属的个股共42只，今日上涨的有4 只；下跌的有35只。以资金流向数据进行统计，该行业资金净流入的个股有13只，其中，净流入资金超 千万元的有8只，净流入资金居首的是浦发银行，今日净流入资金1.20亿元，紧随其后的是光大银行、 成都银行，净流入资金分别为3103.13万元、2428.76万元。银行行业资金净流出个股中，资金净流出超 亿元的有6只，净流出资金居前的有招商银行、江苏银行、齐鲁银行，净流出资金分别为4.38亿元、2.15 亿元、1.82亿元。（数据宝） 银行行业资金流向排名 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600036 | 招商银行 | -0.48 | 0.39 | -43788.33 | | 600919 ...