证券代码：603323 证券简称：苏农银行 公告编号：2025-027 江苏苏州农村商业银行股份有限公司（以下简称"本行"或"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。 江苏苏州农村商业银行股份有限公司关于 持股 5%以上股东部分股份解除质押及再质押的公告 公司股东亨通集团有限公司（以下简称"亨通集团"）持有公司股份 137,454,953 股，占公司总股本 6.81%，累计质押股份 100,120,000 股，占其持 股总股数的 72.84%。 近日，公司接到股东亨通集团关于股份提前解除质押及股份再质押的通知， 具体事项如下： 一、上市公司股份解除质押 2025 年 7 月 29 日，亨通集团将其质押给无锡农村商业银行股份有限公司苏 州分行的 58,300,000 股公司非限售流通股提前解除质押，相关手续于 2025 年 7 月 30 日办理完毕。具体情况如下： | 单位：股 | | --- | | 股东名称 | 亨通集团有限公司 | | --- | --- | | 本次解质（解冻）股份 | 58,300,000 | ...

Investment Rating - The industry rating is "Positive" (maintained) [6] Core Insights - The profitability of China's banking FICC business remains considerable, with a pre-tax total asset return on equity of approximately 3.35% as of 2024A, primarily driven by interest income [1][12] - The FICC business has experienced a decline in yield over the past five years, with interest rates decreasing by about 50 basis points [2] - Future projections indicate a potential decline in asset return on equity to 1.61% in five years, a decrease of 174 basis points compared to 2024 levels [3] Current Profitability of China's Banking FICC Business - The current yield structure shows that interest income contributes 3.10%, capital gains 1.61%, and exchange gains 0.18% to the total asset return [12][13] - The financial market business ROA is 0.98%, significantly higher than the overall banking ROA of 0.75% [1][13] - Notable performers in the FICC business include banks like China Merchants Bank and Changshu Bank, with post-tax net returns exceeding 2.0% [13] Historical Profitability Changes - Over the past five years, the FICC business yield has consistently remained above 3%, with a notable decline in interest income during the interest rate reduction cycle [2][34] Future Profitability Outlook - Projections suggest that the financial market business ROA may drop to 0.44% in five years, reflecting a significant decrease in profitability [3] Characteristics of U.S. Banking FICC Business in Low-Interest Rate Periods - U.S. banks expanded bond holdings during the initial low-interest phase, but FICC income still declined, with a 0.5 percentage point drop in income share from 2008 to 2012 [4] - Strategies employed by JPMorgan included shortening bond durations and increasing allocations to credit and overseas bonds [4] Recommendations for China's Banking FICC Business - Increase the proportion of bond assets in OCI accounts, which currently stands at 28.4%, below the U.S. average of 42.5% during low-interest periods [5] - Focus on enhancing the allocation of credit and overseas bonds, as well as improving risk hedging practices to mitigate potential losses from rapid interest rate increases [5] Investment Suggestions - The report suggests adopting a bullish mindset towards bank stocks, emphasizing the importance of stock selection within the context of a long-term bullish trend driven by low interest rates and the revaluation of RMB assets [7]

Group 1 - The announcement reports the resignation of Ms. Miao Yuchen from her positions as a director and vice president of Jiangsu Suzhou Rural Commercial Bank due to work changes [1][2] - Ms. Miao's resignation will take effect upon the delivery of her resignation report to the board and will not affect the legal number of board members or the normal operation of the bank [2][3] - During her tenure, Ms. Miao has been diligent and has contributed positively to the bank's sustainable development, with the board expressing gratitude for her contributions [3] Group 2 - Ms. Miao's resignation is effective from July 24, 2025, and her original term was set to expire on December 27, 2026 [2] - There are no outstanding public commitments that Ms. Miao has not fulfilled, and she has confirmed no disagreements with the board [3] - The bank has stated that Ms. Miao has completed the necessary handover work in accordance with the bank's regulations [3]

证券代码：603323 证券简称：苏农银行 公告编号：2025-026 江苏苏州农村商业银行股份有限公司 关于公司董事、副行长离任的公告 江苏苏州农村商业银行股份有限公司(以下简称"本行"或"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。 一、董事/高级管理人员离任情况 近日，本行董事会收到董事、副行长缪钰辰女士提交的书面辞职报告。缪钰 辰女士由于工作变动原因，申请辞去本行董事及董事会专门委员会相关职务、副 行长职务。 | 姓名 | 离任职 | | 离任时间 | | | 原定任期到期日 | | | | 离任原因 | 是否继续在 上市公司及 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 务 | | | | | | | | | | 其控股子公 | 毕的公开 | | | | | | | | | | | | | 司任职 | 承诺 | | 缪钰辰 | 董事 | 2025 | 年 7 | ...

苏农银行（603323）公告，近日收到董事、副行长缪钰辰女士的书面辞职报告。缪钰辰女士因工作变 动，申请辞去公司董事及董事会专门委员会相关职务、副行长职务。缪钰辰女士的离任不会导致公司董 事会成员低于法定人数，不会影响公司董事会的正常运作及经营管理的正常运行。缪钰辰女士的辞任申 请自辞职报告送达董事会时生效。缪钰辰女士已按照公司相关规定做好交接工作。 ...

Core Viewpoint - The "Alliance Chain" initiative by Suzhou Rural Commercial Bank aims to enhance collaboration in supply chain finance by integrating logistics, information flow, and capital flow to provide precise services for small and micro enterprises, transitioning from "single-point breakthroughs" to "chain-wide win-win" scenarios [1] Group 1: Mechanism and Strategy - Suzhou Rural Commercial Bank has established a "full-chain collaborative business ecosystem" to activate financial service dynamics within the industry chain, creating a distinctive supply chain finance model [2] - The bank has set hard targets such as "100% chain master visit rate" and "≥30% chain subordinate conversion rate," linking performance rewards to the number of visits and referrals to stimulate grassroots business development [2] - The bank redefined "chain masters" to include high-quality small and medium enterprises with stable transaction networks, aiming to convert "unfinanced chain subordinates" through comprehensive financial services [2] Group 2: Technology Empowerment - The bank utilizes financial technology to integrate internal and external data, generating real-time panoramic maps of the "Alliance Chain" to provide clear operational insights for branches [3] - External big data is employed to create multidimensional credit evaluation models for chain subordinate enterprises, facilitating precise identification of target customer groups and tailored marketing strategies [3] - The bank's unique "Su Nong E Loan" product, along with other financial offerings, addresses the core issues of "difficult and slow financing" for small and micro enterprises, becoming a key tool for market penetration [3] Group 3: Ecological Integration - The bank is building an ecological comprehensive service system, transitioning from "one-way service" to "symbiotic win-win" relationships [4] - A "1+2" visit mechanism is implemented to promote collaborative marketing, offering a combination of services including "Su Nong E Loan," business loans, and employee consumer loans [4] - The approach has evolved from a linear referral system to an ecological closed loop that enhances service efficiency and customer value throughout their lifecycle [4]

Core Viewpoint - Suzhou Rural Commercial Bank has established a long-term partnership with private enterprises, demonstrating a commitment to supporting their growth through various stages of development, from initial funding to overcoming operational challenges and facilitating generational transitions [1][2][3]. Group 1: Financial Performance - As of the end of 2024, Suzhou Rural Commercial Bank's total assets reached 213.36 billion, with deposits of 170.25 billion and loans of 129.32 billion [1]. - Nearly 90% of the bank's loans support the real economy, with over 60% directed towards private enterprises and more than 30% towards the manufacturing sector, maintaining the highest proportion of manufacturing loans among listed banks for several consecutive years [1]. Group 2: Support for Startups - The bank has a history of providing crucial initial loans, exemplified by a nearly 400,000 loan issued 28 years ago that helped a now-prominent enterprise in the silk industry [2]. - The concept of "patient capital" has been a long-standing practice for the bank, focusing on early, small, and growth-oriented loans to foster long-term relationships with businesses [2]. Group 3: Relationship with SMEs - Suzhou Rural Commercial Bank benefits from its familiarity with local businesses, resulting in high loyalty among SMEs, which is difficult for other banks to replicate [3]. - The bank maintains close ties with over 90% of the textile enterprises in the region, with more than 600 loan clients, including two Fortune 500 companies [3]. Group 4: Crisis Management - During the textile industry's crisis from 2012 to 2014, the bank played a crucial role in stabilizing the local economy by helping 664 enterprises navigate challenges through various financial solutions [5]. - The bank's proactive approach includes restructuring loans and providing tailored repayment plans to support businesses facing temporary financial difficulties [5]. Group 5: Generational Transition Support - The bank emphasizes the importance of supporting the transition of second-generation entrepreneurs, ensuring continuity and growth in family businesses [7]. - A recent project focused on low-carbon transformation in the textile industry showcases the bank's commitment to innovation and sustainability, helping local enterprises achieve international certification [8]. Group 6: Future Outlook - The bank aims to continue its role as a "benchmark bank" and "value bank," focusing on long-term partnerships and innovative financial solutions to support local economic development [8].

Core Insights - The banking industry is facing the challenge of balancing "risk prevention" and "customer service" in the context of deep digital financial integration into daily life [1] Group 1: Account Risk Management - Cao Lijing from Peixian Branch proposed a "Fast, Accurate, Stable" strategy for account risk management, establishing an efficient and empathetic account management system [3] - The "Fast" aspect focuses on intercepting risks through intelligent monitoring systems that quickly identify suspicious transactions, such as small test transfers or unusual account activity [3] - The "Accurate" dimension emphasizes a personalized approach to risk management, utilizing customer transaction history and police reports to create a detailed risk profile before verifying transactions [3][4] - The "Stable" component aims to maintain customer satisfaction while preventing fund loss, employing empathetic communication to guide customers through risk scenarios and implementing transaction limits when necessary [4] Group 2: Service Philosophy - Chen Ziyan from Jiangling Branch embodies the principle of "service first, details matter," adhering to the "Three Principles of Smiling Service" which include warm attitude, standardized operations, and clear explanations [6] - Chen actively engages with elderly customers by adjusting her communication style to ensure clarity and providing step-by-step assistance for those facing difficulties [6][7] - She emphasizes continuous professional development, practicing essential skills and staying updated on financial regulations to ensure error-free service [6][7] Group 3: Service Efficiency - Zhang Ying from Fenhu Branch introduced a "Three-Second Response, Ten Points Satisfaction" service strategy to address efficiency concerns and enhance customer satisfaction [9] - By anticipating customer needs during peak service times, Zhang optimized processes to reduce wait times and improve service delivery [9][10] - Zhang's approach combines speed with emotional resonance, transforming potentially negative customer experiences into informative interactions about fraud prevention [10] Conclusion - The practices of Cao Lijing, Chen Ziyan, and Zhang Ying illustrate how Suzhou Rural Commercial Bank is innovating in risk prevention and customer service, demonstrating the importance of both vigilance in financial security and sensitivity to customer needs in the digital age [10]

Market Overview - The overall market is experiencing a pullback, with the Shanghai Composite Index closing at 3500.62 points, down 0.12% [2] - The total trading volume for the market was 927 billion, showing a significant decrease compared to the previous day [3] Financial Sector Performance - The financial sector, particularly banks and insurance companies, is underperforming, contributing to the decline of the Shanghai Composite Index [3][8] - Major insurance companies like New China Life and China Life have seen declines exceeding 1%, with New China Life down 2.69% [8] - Among 42 bank stocks, only China Bank remained flat, while others, including Xiamen Bank and Qilu Bank, experienced declines of nearly 4% and 2.89% respectively [13] New IPOs and Market Movements - N Huadian New Energy, the largest IPO of the year, saw its stock price rise by as much as 219.81% during trading, reaching a peak of 10.17 yuan per share [12] - The company raised 18.171 billion yuan through the issuance of 4.969 billion shares, with plans for investment in renewable energy projects [15] Hong Kong Market Performance - The Hong Kong market is showing positive trends, with the Hang Seng Index up 0.28% and the Hang Seng Technology Index up 0.61% [5] - Anta Sports led the gains in the Hang Seng Index, rising by 2.73% [6] Notable Stock Movements - The stock of Weiyali surged by 918% upon its resumption of trading, reflecting significant market interest [17] - The stock price of Weiyali reached 33.2 HKD per share during trading, before settling at 11 HKD, marking a 237.42% increase [18]

Core Viewpoint - A-share listed banks are experiencing a peak in dividend distribution for the 2024 fiscal year, with over thirty banks having completed their annual dividends and several others announcing dividend implementation plans [1][3][4]. Group 1: 2024 Annual Dividends - The Industrial and Commercial Bank of China (ICBC) leads with a total cash dividend of approximately 109.77 billion yuan for the previous year [3][4]. - The six major state-owned banks have collectively distributed over 420 billion yuan in dividends for 2024, with ICBC, China Construction Bank, Agricultural Bank of China, and Bank of China being the top contributors [4][6]. - Other banks such as China CITIC Bank and Beijing Bank have also announced significant cash dividends, with CITIC Bank distributing around 19.46 billion yuan [4][5]. Group 2: 2025 Mid-Year Dividend Plans - Several banks, including China Merchants Bank and Hangzhou Bank, have initiated plans for mid-year dividends in 2025, aiming to enhance investor returns [1][8][10]. - The focus on mid-year dividends is seen as a strategy to improve liquidity and provide more consistent cash flow to investors, which may support long-term stock price appreciation [10]. - Banks like Su Nong Bank and Changsha Bank have expressed intentions to implement mid-year dividend plans based on their financial performance and regulatory requirements [8][9]. Group 3: Stock Performance and Market Trends - The banking sector has shown strong performance in the A-share market, with several banks achieving significant stock price increases in the first half of the year [12][13]. - The overall dividend yield of the banking sector remains attractive, particularly in a low-interest-rate environment, making it appealing for long-term investors [10][13]. - Some banks have faced challenges in executing share buyback plans due to stock price fluctuations, indicating a cautious approach to capital management [11][14].