Group 1 - CITIC Bank is actively promoting stock repurchase and increase loan business, having reached cooperation intentions with nearly 100 listed companies [1] - The total project amount reserved for stock repurchase and increase loans exceeds 30 billion yuan [1] - As of the end of March this year, CITIC Bank has announced 55 stock repurchase and increase loan agreements, amounting to 7.597 billion yuan [1]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [6][10]. Core Views - The company's performance has improved, with notable resilience in net interest margin and stable asset quality [5][6]. - In 2024, the company's operating income grew by 3.8%, and net profit attributable to shareholders increased by 2.3%, showing a continuous recovery trend [6]. - The net interest income growth rate improved to 2.2%, while the decline in fee income narrowed to 4%, with investment income's share of revenue slightly increasing to 13.7% [6]. - The company benefits from significant savings in interest costs and growth in investment income, contributing to the overall performance recovery [6]. Summary by Sections Performance Overview - The company has shown a relative return of 7.29% over the past month, 6.77% over three months, and 18.45% over twelve months [4]. - Absolute returns were -0.14% for one month, 2.95% for three months, and 20.78% for twelve months [4]. Asset Expansion - The company's total assets grew at a rate of 5.3% in 2024, with loan growth increasing by 1 percentage point to 4% and deposit growth rising by 1.2% to 7.0% [7]. - The proportion of loans to the manufacturing and information services sectors has increased, enhancing support for the real economy [7]. Asset Quality - The company's asset quality remains stable, with a non-performing loan (NPL) ratio decreasing by 0.01 percentage points to 1.16% [9]. - The coverage ratio for provisions stands at 209.43%, indicating a strong buffer against potential loan losses [9]. Financial Projections - For 2024, the company forecasts operating income of 213,646 million yuan and a net profit of 68,576 million yuan, with respective growth rates of 3.8% and 2.3% [13]. - The expected earnings per share (EPS) for 2025, 2026, and 2027 are projected to be 1.28, 1.32, and 1.38 yuan, respectively [10][13].

特此公告。 证券代码：601998 证券简称：中信银行 公告编号：临2025-035 中信银行股份有限公司董事会会议决议公告 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。 中信银行股份有限公司（以下简称"本行"）于 2025 年 4 月 3 日以书面形 式发出有关会议通知和材料，于 2025 年 4 月 10 日以书面传签形式完成一次董事 会会议召开并形成决议。本次会议应参与表决董事8名，实际参与表决董事8名。 会议的召开符合《中华人民共和国公司法》等有关法律、行政法规、部门规章、 规范性文件和《中信银行股份有限公司章程》的规定。 根据表决结果，会议审议通过《关于中信银行资本计量高级方法评估申请补 充材料相关事项的议案》 表决结果：赞成8票 反对0票 弃权0票 中信银行股份有限公司董事会 2025年4月10日 1 ...

Core Viewpoint - Citic Bank announced adjustments to the benefits acquisition rules for the "Citic Bank Marriott Bonvoy co-branded card," effective from May 28, 2025, impacting new applicants while existing cardholders will retain previous rules [1][3]. Group 1: Adjustments to Benefits Acquisition Rules - The rules for acquiring the "Marriott Bonvoy Elite Membership" have been modified, where holders of the Gold card will automatically receive the Silver Elite membership after activating their card and making a purchase of at least RMB 99 within four weeks [1]. - Holders of the Platinum card (both the Premium Platinum and standard Platinum) will automatically receive the Gold Elite membership under the same conditions [1]. Group 2: Accumulated Elite Status Nights - Gold cardholders will receive 5 accumulated elite status nights after activating their card and completing a purchase of at least RMB 99 within four weeks, which will be credited to their Marriott Bonvoy account [2]. - The rules for accumulating elite status nights for Platinum cardholders remain unchanged [2]. Group 3: Effective Date of Adjustments - The new rules will take effect on May 28, 2025, for new applicants of the "Citic Bank Marriott Bonvoy credit card," while existing cardholders will continue to follow the old benefits acquisition rules [3].

Core Viewpoint - UBS expects that the net profit of mainland banks will maintain positive growth in the first quarter, with a stable performance anticipated despite geopolitical uncertainties and the delay in stimulus measures [1] Group 1: Bank Performance Expectations - UBS forecasts that state-owned banks will continue the improvement trend seen in the fourth quarter of the previous year, with stable net profits expected in the first quarter [1] - The first quarter is anticipated to be a stable quarter for banks, reflecting resilience compared to the overall AH stock market [1] Group 2: Investment Recommendations - UBS is optimistic about undervalued bank stocks with high dividend yields, specifically CITIC Bank (00998.HK), China Construction Bank (00939.HK), and Industrial and Commercial Bank of China (01398.HK) [1] - The dividend yields for these banks are noted as 7.3%, 7%, and 6.6% respectively, making them attractive investment options [1]

Core Points - Mr. Cao Guoqiang has resigned from his position as a non-executive director of CITIC Bank due to retirement, effective April 8, 2025 [1][2] - The resignation does not involve any disagreements with the board or any ongoing or impending litigation against the bank [1] - Mr. Cao has served the bank for 20 years in various roles, including assistant to the president, vice president, and chairman of the supervisory board, and has been a non-executive director since 2018 [2] - The board expresses gratitude for Mr. Cao's significant contributions to the bank's development and governance [2] Company Overview - CITIC Bank's board confirms the resignation and assures the accuracy and completeness of the announcement [1] - Mr. Cao's tenure included active participation in the bank's reform and development initiatives, contributing to improvements in financial management, retail transformation, audit reform, and corporate governance [2]

中信银行股份有限公司（以下简称"本行"）董事会于 2025 年 4 月 8 日收 到本行非执行董事曹国强先生的辞呈。曹国强先生因退休原因，辞去其所担任的 本行非执行董事、董事会战略与可持续发展委员会委员职务。根据相关法律法规 和本行章程相关规定，曹国强先生的辞任自 2025 年 4 月 8 日起生效。 曹国强先生确认，其本人与本行董事会无不同意见，亦无任何与其辞任有关 的事项须提请本行股东注意。曹国强先生同时确认，其无任何针对本行的正在发 生或将要发生的诉讼和争议。 曹国强先生对在本行任职期间，本行股东、董事、监事、高级管理层和员工 给予的支持表示感谢。 证券代码：601998 证券简称：中信银行 公告编号：临2025-034 中信银行股份有限公司关于董事辞任的公告 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。 曹国强先生在本行任职20年，曾先后担任本行行长助理、副行长、监事长等 职务，2018年起担任本行非执行董事。任职期间，曹国强先生恪尽职守、勤勉尽 责，坚决贯彻落实国家重大决策部署和经济金融政策，深度参与了本行各项改革 ...

中信銀行股份有限公司（「本行」）第七屆董事會（「董事會」）成員如下： 執行董事 方合英 （董事長） 胡罡 非執行董事 黃芳 王彥康 獨立非執行董事 （在中華人民共和國註冊成立的股份有限公司） （股份代號：998） 董事名單及彼等角色及職能 - 1 - 董事會現有五個委員會。下表提供第七屆董事會成員所屬委員會的委員資料。 | | 戰略與 | 審計與關聯 | | | | | --- | --- | --- | --- | --- | --- | | | 可持續發展 | 交易控制 | 風險管理 | 提名與薪酬 | 消費者權益 | | 董事╱董事會委員會 | 委員會 | 委員會 | 委員會 | 委員會 | 保護委員會 | | 方合英 | | | | | | | （董事長，執行董事） | C | | | | | | 胡罡 | | | | | | | （執行董事） | | | M | | | | 黃芳 | | | | | | | （非執行董事） | | | | | C | | 王彥康 | | | | | | | （非執行董事） | | | | | M | | 廖子彬 | | | | | | | （獨立非執行董事） | | ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年3月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中信銀行股份有限公司(「本行」) 呈交日期: 2025年4月7日 I. 法定/註冊股本變動 | 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) | 00998 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 14,882,162,977 | RMB | | | 1 RMB | | 14,882,162,977 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 14,882,162,977 | RMB | | | 1 RMB | | 14,882 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [2][8]. Core Insights - The company reported a revenue growth of 3.76% year-on-year for 2024, with a net profit growth of 2.33%. The dividend payout ratio was increased to 30.50%, reflecting strong support for the real economy and a decrease in deposit costs [6][8]. - The company's asset scale reached 9.53 trillion yuan by the end of 2024, with a year-on-year growth of 5.31%. Customer deposits totaled 5.78 trillion yuan, up 7.04% year-on-year [6][8]. - The non-performing loan ratio stood at 1.16%, showing stability in asset quality, while the provision coverage ratio decreased to 209.43% [6][8]. Summary by Sections Financial Performance - In 2024, the company achieved operating income of 213.65 billion yuan, with a net profit attributable to shareholders of 68.43 billion yuan. The quarterly revenue growth rate for Q4 was 3.56%, while the net profit growth rate for the same quarter was 7.49% [6][7]. - Interest income reached 146.68 billion yuan, growing by 2.19%, while non-interest income increased by 7.39% to 66.97 billion yuan, accounting for 31.3% of total revenue [6][8]. Asset Quality and Risk Management - The non-performing loan balance was 66.49 billion yuan, with a year-on-year increase of 2.60%. The company maintained a stable asset quality with a slight decrease in the non-performing loan ratio [6][8]. - The net interest margin was 1.77%, showing a minor decline of 1 basis point year-on-year, while the interest expense on customer deposits decreased by 10.16% [6][8]. Future Projections - The company forecasts operating revenues of 214.86 billion yuan for 2025, with a growth rate of 0.57%. The net profit is expected to reach 70.22 billion yuan, reflecting a growth rate of 2.40% [7][8]. - The report anticipates a gradual improvement in profitability metrics, with EPS projected to be 1.24 yuan in 2025, and P/E ratios expected to decrease over the next few years [7][8].