经中国证券监督管理委员会《关于核准重庆银行股份有限公司公开发行可转 换公司债券的批复》（证监许可〔2022〕505 号）核准，重庆银行股份有限公司 （以下简称"本行"）获准向社会公开发行面值总额人民币 130 亿元的可转换公 司债券（以下简称"可转债"或"重银转债"），每张面值人民币 100 元，按面 值发行，期限 6 年，票面利率第一年为 0.20%、第二年为 0.40%、第三年为 1.00%、 第四年为 1.70%、第五年为 2.50%、第六年为 3.50%。 证券代码：601963 证券简称：重庆银行 公告编号：2026-013 可转债代码：113056 可转债简称：重银转债 重庆银行股份有限公司 关于可转债转股结果暨股份变动公告 本行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、可转债发行上市概况 单位：股 | 股份类别 | | 变动前 | 本次可转债转股 | 其他变动 | 变动后 | | --- | --- | --- | --- | --- | --- | | | （2025 年 | 12 月 31 ...

FF301 第 1 頁 共 10 頁 v 1.2.1 本月底法定/註冊股本總額： RMB 3,625,749,850 2. 股份分類 普通股 股份類別 A 於香港聯交所上市 (註1) 否 證券代號 (如上市) 601963 說明 A股 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 1,895,570,092 RMB 1 RMB 1,895,570,092 增加 / 減少 (-) 151,158,946 RMB 151,158,946 本月底結存 2,046,729,038 RMB 1 RMB 2,046,729,038 致：香港交易及結算所有限公司 公司名稱: 重慶銀行股份有限公司 呈交日期: 2026年4月1日 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01963 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：1963） BANK OF CHONGQING CO., LTD.* 重慶銀行股份有限公司* （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） 海外監管公告 代表董事會 重慶銀行股份有限公司* 董事長 楊秀明 中國重慶，2026年3月31日 於本公告刊發日期，本行的執行董事為楊秀明先生、高嵩先生及侯曦蒙女士；本行的非 執行董事為黃漢興先生、郭喜樂先生、吳珩先生、付巍先生、周宗成先生及余華先生； 本行的獨立非執行董事為朱燕建先生、劉瑞晗女士、汪欽琳女士、曾宏先生及陳鳳翔先 生。 * 本行經中國銀行業監督管理機構批准持有B0206H250000001號金融許可證，並經重慶市市 場監督管理局核准領取統一社會信用代碼為91500000202869177Y號的企業法人營業執照。 本行根據香港銀行業條例（香港法例第155章）並非一家認可機構，並非受限於香港金融管 理局的 ...

证券代码：601963 证券简称：重庆银行 公告编号：2026-012 可转债代码：113056 可转债简称：重银转债 重庆银行股份有限公司 第七届董事会第二十二次会议决议公告 本行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。 重庆银行股份有限公司（以下简称"本行"）于 2026 年 3 月 26 日发出第七 届董事会第二十二次会议通知，会议于 3 月 31 日以现场会议方式在本行总行 27 楼三会议室召开。会议由杨秀明董事长主持，应参会董事 14 名，实际参会董事 14 名，本行高级管理人员列席了会议。会议的召开符合法律法规及《重庆银行 股份有限公司章程》（以下简称"《公司章程》"）的有关规定。 会议审议通过了以下议案： 一、关于提名施晓盛先生为重庆银行股份有限公司非执行董事候选人的议案 议案表决情况：有效表决票 14 票，同意 14 票，反对 0 票，弃权 0 票。 本行收到重庆高速公路集团有限公司（以下简称"重庆高速集团"）董事候 选人提名函，重庆高速集团于 2026 年 3 月 24 日通过可转债转股方式增持本行 151, ...

Core Viewpoint - The banking sector shows resilience amid geopolitical tensions, with a focus on high-dividend defensive assets attracting investor interest [3] Group 1: Market Performance - On March 30, the Shanghai Composite Index rose by 0.24% after initially dropping over 1%, while the ChiNext and Shenzhen Composite Indices fell [1] - The banking sector demonstrated defensive characteristics, with most individual stocks closing higher; Xiamen Bank led with a nearly 4% increase, and major banks like ICBC and Bank of China also saw gains [1] Group 2: Banking Sector Insights - Major state-owned banks, including ICBC, CCB, BOC, and PSBC, reported annual results showing steady asset growth and increases in both revenue and net profit [3] - Despite challenges such as narrowing net interest margins, bank management expressed optimism about stabilizing margins, which received positive market feedback [3] - According to CITIC Securities, the disclosed bank performance aligns with expectations, and future disclosures are likely to show minimal deviations from forecasts [3] Group 3: Investment Opportunities - With rising risk aversion, the banking sector is expected to benefit from increased allocation due to its defensive characteristics and potential for fundamental improvements [3] - The banking ETF (512800) has a significant scale of over 12 billion, making it the largest and most liquid among A-share banking ETFs, with an average daily trading volume exceeding 800 million since 2025 [4]

Group 1 - A-shares of bank stocks are rising against the trend, with Xiamen Bank increasing nearly 4% [1] - Industrial and Commercial Bank of China (ICBC) has risen over 2% [1] - Other banks such as Bank of China, Chongqing Bank, Bank of Communications, China Construction Bank, and Shanghai Bank have all increased by more than 1% [1]

Group 1 - The report highlights that Chaoyun Group has maintained high dividends for six consecutive years, with revenue and profit both showing year-on-year growth, indicating a sustainable growth outlook for its product matrix [4][5] - In 2025, Chaoyun Group achieved a revenue of 1.988 billion RMB, a year-on-year increase of 9.24%, and a net profit of 224 million RMB, up 9.98% year-on-year, with a comprehensive gross margin of 52.61% [4][5] - The company’s home care products performed well, with revenue from this segment reaching 1.715 billion RMB, a year-on-year increase of 5.0%, while the pet business saw a significant growth of 74.3% [5][6] Group 2 - Jianmin Group's revenue for 2025 was 3.370 billion RMB, a decrease of 3.85% year-on-year, but the fourth quarter showed a strong recovery with an 82.69% increase in net profit [10][11] - The pharmaceutical industrial segment of Jianmin Group reported a revenue of 2.025 billion RMB, a year-on-year increase of 15.91%, driven by strong sales of prescription and OTC products [11][12] - The company is focusing on brand development and innovation, with key products showing significant sales growth, indicating a strong recovery in its core business [11][12] Group 3 - The report on Yimeng Biotech indicates that the B7H3 ADC drug has shown excellent efficacy in treating metastatic castration-resistant prostate cancer (mCRPC), with promising clinical trial results [13][14] - The drug has received fast track designation from the FDA, highlighting its potential in the market [14][15] - The clinical study included 146 patients, showing a median radiographic progression-free survival of 11.3 months, indicating strong therapeutic potential [15][16] Group 4 - Pop Mart reported a revenue of 37.12 billion RMB in 2025, a year-on-year increase of 184.7%, with adjusted net profit rising by 284.5% [18][19] - The company has seen a significant increase in online sales, which accounted for 44.3% of total revenue, reflecting a shift in consumer purchasing behavior [21][22] - The number of IPs generating over 2 billion RMB in revenue has increased, with the "Star People" IP showing a remarkable growth of 1602% [25][26] Group 5 - CIMC Vehicles reported a revenue of 20.18 billion RMB in 2025, a decrease of 3.9% year-on-year, but with a strong performance in the Chinese market, where semi-trailer sales increased by 15% [28][29] - The company anticipates a recovery in the North American market in 2026, with significant order rebounds indicating a potential turnaround [29][30] - The report emphasizes the company's strategic positioning in the global market, particularly in the southern regions, which are expected to drive future growth [28][29] Group 6 - Power Development reported a revenue of 5.293 billion RMB in 2025, a decrease of 6.4% year-on-year, but maintained a high profit margin despite market challenges [32][33] - The company achieved a high dividend payout ratio of 123%, reflecting its commitment to returning value to shareholders [33][34] - The report outlines ongoing projects that are expected to enhance production capacity significantly in the coming years, indicating strong growth potential [34][35] Group 7 - Bluestar Technology is recognized as a leader in adsorption separation materials, with significant growth driven by innovation and market demand in various sectors [37][38] - The company is positioned to benefit from the growing market for small nucleic acid drugs, with projections indicating substantial growth in this area [38][39] - The report forecasts revenues of 2.733 billion RMB for 2025, with a strong growth trajectory expected in subsequent years [39]

Core Insights - The report emphasizes the impact of oil price shocks on liquidity, suggesting that the ability to transmit cost shocks downstream will be stronger than previous oil price impacts, with expectations of nominal price increases in Q2 2026 [19][20][21] - It highlights that while medium-term demand remains optimistic, caution is advised regarding the contraction of broad liquidity in Q2 2026, particularly due to cross-border liquidity constraints and rising long-term interest rates affecting investment returns [19][21] Section Summaries 1. Current Observation - The banking sector overall declined by 0.8% during the observation period from March 23 to March 27, 2026, underperforming the Wind All A index, which fell by 0.7% [17] - State-owned banks, joint-stock banks, city commercial banks, and rural commercial banks experienced declines of -1.29%, -0.42%, -0.85%, and -0.47% respectively [17] - In contrast, H-shares of banks outperformed, with the Hang Seng Index down 1.2% while H-share banks gained 0.5% [17] 2. Investment Recommendations - The report suggests that the market's concerns regarding the demand side of the Chinese economy and cost transmission are overly pessimistic, given the supportive fiscal policies and stabilization in the real estate cycle [19] - It recommends caution regarding the contraction of liquidity in Q2 2026, emphasizing the importance of cross-border liquidity as a key variable for supporting Chinese asset liquidity [19][20] 3. Sector Performance - The banking sector's average price for convertible bonds fell by 0.67%, underperforming the convertible bond index by 1.95 percentage points [18] - The report notes that the profitability growth expectations for 2025 remain largely unchanged for seven banks, indicating stability in earnings forecasts [18] 4. Individual Stock Performance - Among A-share banks, Ping An Bank and Shanghai Rural Commercial Bank saw increases of 2.32% and 1.25% respectively, while Chongqing Bank experienced a decline of 6.55% [17] - In H-shares, Chongqing Rural Commercial Bank and Bank of China rose by 4.68% and 3.40%, while Bohai Bank and Jiangxi Bank fell by 3.45% and 1.49% respectively [17] 5. Valuation and Financial Analysis - As of March 27, 2026, the banking sector's latest price-to-earnings ratio (TTM) is 6.84X, and the price-to-book ratio is 0.67X, indicating that valuations are at historical average levels [45] - The report provides detailed financial metrics for key banks, including expected earnings per share and return on equity for 2026 and 2027, supporting the investment recommendations [9]

Investment Rating - The industry rating is maintained as "Positive" [5] Core Views - The banking sector's performance is relatively stable compared to the market, with the banking index down by 0.71% this week, ranking 13th among 31 primary industries [1] - State-owned banks experienced a larger decline, with respective drops of -1.17% for state-owned banks, -0.30% for joint-stock banks, -0.88% for city commercial banks, and -0.57% for rural commercial banks [1] - The financial reports of 22 listed banks show a recovery in profitability, with average revenue and net profit growth of 2.1% and 4.9%, respectively, indicating a positive trend in earnings [3] - The average non-performing loan (NPL) ratio for these banks is 1.05%, down by 2 basis points, reflecting stable asset quality [3] Summary by Sections Industry Performance - The banking sector's index decreased by 0.71%, while the overall market index fell by 0.73%, indicating a slight underperformance [1] - The top three gainers in the banking sector were CITIC Bank (+4.39%), Ping An Bank (+2.32%), and Shanghai Rural Commercial Bank (+1.25%), while the largest decliners included Chongqing Bank (-6.55%), Xiamen Bank (-4.26%), and Agricultural Bank (-4.14%) [1][10] Financial Reports - The financial reports indicate a clear recovery trend, with 22 listed banks showing an average revenue growth of 2.1% and net profit growth of 4.9% [3] - The average net interest margin for the banks is 1.50%, with a slight decrease of 1 basis point, while some banks like Bank of Communications and China Construction Bank reported an increase in their margins [3] - The asset scale of these banks grew by 10.1% year-on-year, with a slight acceleration in growth rates [3] Investment Recommendations - The report suggests focusing on state-owned banks and certain high-dividend small and medium-sized banks, recommending major banks like Bank of Communications, Industrial and Commercial Bank, and China Construction Bank [7] - The report highlights the potential for a recovery in earnings growth for the banking sector in 2026, with an expected core revenue growth of 5% [6][7] - The average dividend yield for the banking sector is projected at 4.4%, making it an attractive investment option [6][12]

Investment Rating - The report assigns an "Accumulate" rating for the banking sector [4]. Core Insights - The expected revenue and net profit growth for the sample banks in Q1 2026 are projected at 2.7% and 2.2%, respectively, indicating a trend of upward revenue recovery and stable profit growth due to a significant reduction in the decline of net interest margin and alleviation of other non-interest pressures [2][4]. - The report highlights three main investment themes for 2026: identifying banks with potential for growth or maintaining high growth rates, focusing on banks with convertible bond expectations, and continuing dividend strategies [4]. Summary by Sections Revenue and Profit Growth - Expected revenue growth for Q1 2026 is 2.7%, while net profit growth is anticipated at 2.2, supported by a notable convergence in the decline of net interest margin and reduced pressures from non-interest income [2][4]. Asset Growth - The growth rates for interest-earning assets and loans are projected at 7.77% and 7.62%, respectively. In February 2026, the growth rates for bank loans and bond investments were 6.5% and 14.1%, showing a slight decrease and increase compared to December 2025 [4]. Net Interest Margin - The net interest margin for Q1 2026 is expected to be 1.37%, a decrease of 3 basis points from 2025. The growth rate of net interest income is projected at 2.6%, benefiting from the maturity and repricing of high-cost long-term deposits [4]. Non-Interest Income - The growth rate for non-interest income is expected to be -0.8% in Q1 2026, with a focus on wealth management income growth due to the appeal of dividend insurance products in a low-interest environment [4]. Asset Quality - The credit cost for Q1 2026 is projected at 0.73%, slightly down by 3 basis points year-on-year. The non-performing loan ratio is expected to decrease to 1.20%, while the provision coverage ratio is anticipated to decline slightly to 237.1% [4]. Investment Recommendations - The report recommends focusing on banks with expected performance growth, such as Ningbo Bank, Nanjing Bank, Hangzhou Bank, and Suzhou Bank. It also highlights banks with convertible bond expectations and those likely to continue dividend strategies [4].