Core Viewpoint - The article highlights the increasing interest of institutional investors in listed banks, particularly focusing on loan allocation, interest margin trends, and capital replenishment strategies. Group 1: Investor Engagement - Multiple listed banks, including Jiangsu Bank, Suzhou Bank, and Ningbo Bank, have engaged in investor relations activities, discussing key issues with investors [1] - As of July 12, 2023, 26 listed banks have been surveyed by institutions, totaling 230 instances of engagement, primarily among small and medium-sized banks [1][3] - Changshu Bank received the highest number of surveys at 33, while Ningbo Bank attracted the most institutions, with 195 participating [3][4] Group 2: Interest Margin Trends - The interest margin remains a hot topic among institutions, with the net interest margin for banks reported at 1.43% in Q1 2025, a year-on-year decrease of 0.11 percentage points [4] - Jiangsu Bank aims to maintain a net interest margin that outperforms peers by enhancing asset research capabilities and managing loan interest rates [5] - Changshu Bank plans to consolidate its interest margin advantage by optimizing both asset and liability sides, focusing on high-yield assets and controlling high-cost deposits [6] Group 3: Capital Replenishment - Capital replenishment is another key focus for investors, with regulatory updates from the Financial Regulatory Bureau regarding advanced capital measurement methods [8] - Ningbo Bank is actively researching regulatory requirements and plans to issue up to 45 billion yuan in capital bonds [8] - Suzhou Bank reported a successful conversion of nearly 5 billion yuan in convertible bonds, enhancing its capital strength [9] - Su Nong Bank intends to issue up to 1 billion yuan in secondary capital bonds to support its operations [9]

Core Viewpoint - The A-share listed banks are experiencing a peak in dividend distribution, with total dividends for 2024 exceeding 630 billion yuan, marking an increase of 20 billion yuan from the previous year, and setting a new historical high [1][4]. Dividend Distribution - On July 11, both China Merchants Bank and Xi'an Bank distributed cash dividends, with China Merchants Bank paying 2.000 yuan per share, totaling approximately 50.44 billion yuan, resulting in a dividend yield of about 5.7% based on a hypothetical share price of 35 yuan [2][3]. - Xi'an Bank distributed 1 yuan for every 10 shares, amounting to 444 million yuan, which represents 17.37% of its net profit [2]. - On July 10, Beijing Bank and CITIC Bank also executed dividend distributions, with Beijing Bank distributing 0.2 yuan per share, totaling 4.23 billion yuan, and CITIC Bank distributing 0.1722 yuan per share, totaling 9.582 billion yuan [3]. Overall Dividend Performance - As of July 11, 33 A-share listed banks have completed their 2024 annual dividend distributions, with five more having announced their plans [3]. - The six major state-owned banks maintained a dividend payout ratio of over 30%, with total cash dividends reaching 420.63 billion yuan, led by Industrial and Commercial Bank of China with 109.77 billion yuan [4]. Mid-term Dividend Plans - Several banks are planning mid-term dividends for 2025, with institutions like Changsha Bank and Su Nong Bank expressing intentions to enhance shareholder returns through mid-term distributions [5][6]. - The trend of increasing mid-term dividends is seen as a strategy to improve investor satisfaction and share the benefits of high-quality growth [6]. Market Outlook - Analysts predict a narrowing decline in net profit and revenue for listed banks in the first half of the year, with expectations of a 0.9% year-on-year decrease in revenue and a 0.5% decrease in net profit [7]. - The current market environment is viewed as the beginning of a long-term upward trend for bank stocks, supported by low interest rates and the revaluation of RMB assets [7].

Core Insights - Suzhou Rural Commercial Bank has successfully launched the "School Canteen Fund Supervision Platform" in collaboration with the Wujiang District Education Bureau, aimed at enhancing fund management efficiency and transparency through comprehensive oversight of school canteen expenditures [1][2] Group 1: Platform Features - The asset management platform covers various aspects including canteen procurement, salary disbursement, student meal fee payments, and multi-level report query services [1] - The platform integrates directly with the Sunshine Canteen system, allowing canteen administrators to confirm order data, which is then verified by financial personnel for fund disbursement, creating a fully electronic audit trail [1] - The salary disbursement feature includes a trial calculation function that automatically computes necessary deductions such as social security and housing fund, generating detailed pay slips with a single click [1] Group 2: Collaborative Efforts - The project was made possible through the collaboration of multiple departments within the bank, including the Network Finance Department, Financial Technology Department, Retail Banking Department, Transaction Banking Department, and Corporate Banking Department [2] - The platform establishes a closed-loop management system for canteen funds, utilizing bank custody, special account accounting, and timely disbursement functions to enhance fund security [2] - The Education Bureau can monitor real-time balances, fund transfer details, and carryover situations of each school's supervisory account, addressing issues of unclear fund flow and weak oversight in traditional models [2]

Group 1 - The company held three investor research meetings from April 1, 2025, to June 30, 2025 [1] - The first extraordinary general meeting of shareholders in 2025 was held on July 8, 2025, at a specified location in Suzhou [2] - The meeting was chaired by the chairman of the board, Xu Xiaojun, and combined on-site and online voting methods were used [2][3] Group 2 - Out of 14 current directors, 10 attended the meeting, while some were absent due to official duties [3] - Out of 9 current supervisors, 3 attended the meeting, with several absent for official reasons [4] - The company secretary and some senior management personnel were present at the meeting [4] Group 3 - Several resolutions were passed, including the proposal to abolish the supervisory board and change the registered capital [5][6] - The special resolutions regarding the amendment of the Articles of Association and the issuance of secondary capital bonds were also approved [6] - The voting results for the special resolutions required more than two-thirds of the voting rights held by attending shareholders [6] Group 4 - The meeting was witnessed by Jiangsu Century Tongren Law Firm, with lawyers confirming the legality of the meeting procedures and voting results [7] - The documents for the meeting, including the signed resolutions and legal opinions, are available for review [8]

证券代码：603323 证券简称：苏农银行 公告编号：2025-025 江苏苏州农村商业银行股份有限公司 关于接待机构投资者调研情况的公告 一、能否简单介绍一下贵行当前展业的区域布局情况？ 答：本行结合区位、网点布局优势及自身经营管理特色，形成了"三 进"区域发展策略，对不同区域内的机构进行差异化管理，2025 年本行将 持续推进该区域发展策略，即吴江地区"稳中有进"，不断下沉服务重心， 精耕细作，始终保持"领头羊"地位；苏州城区"激流勇进"，作为全行 业务发展重要"增长极"，持续提升在苏州城区服务广度、深度；泰州及 异地机构"齐驱并进"，聚焦千万以下普惠业务，加快零售转型，进一步 提升其在全行发展中的贡献度。 投资者关系活 动主要内容 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。 本行于 2025 年 4 月 1 日至 2025 年 6 月 30 日期间，通过现场调研形式共接 待投资者调研 3 场次，现将主要情况公告如下： 序号 调研时间 调研类别 参与单位名称 国 ...

Group 1 - The legal opinion letter was issued by Jiangsu Century Tongren Law Firm regarding the first extraordinary general meeting of shareholders of Jiangsu Suzhou Rural Commercial Bank Co., Ltd. in 2025 [1] - The meeting is scheduled for July 8, 2025, at 14:30, with provisions for both on-site and online voting [2][3] - A total of 477 shareholders and proxy agents attended the meeting, representing 475,284,884 shares, which is a significant portion of the company's total shares [3] Group 2 - The meeting followed the required legal procedures, including proper notification of the meeting date, time, location, and agenda [3][6] - The voting process was conducted through a combination of on-site and online methods, ensuring compliance with relevant laws and regulations [4][6] - All resolutions presented at the meeting were approved, including the proposal to issue secondary capital bonds [5][6]

证券代码：603323 证券简称：苏农银行 公告编号：2025-025 江苏苏州农村商业银行股份有限公司 关于接待机构投资者调研情况的公告 答：截至 2025 年 3 月末，本行不良贷款率 0.90%，关注贷款率 1.20%， 均较上年末持平，资产质量延续平稳态势。近年来，为有效提升信用风险 防范能力，本行从多方面发力，提高信贷管理质效。建立完善信用风险管 理相关模型及系统，将风险预警前置，从源头防范信用风险，坚守准入关， 严控新增风险贷款；狠抓基础信贷管理，坚持提升信贷人员从业素质，完 善信贷管理精细化布局；持续丰富风险化解手段，有针对性地制定风险化 解方案并督促执行，同时按照场景化、智能化、可视化的方向，全面推进 不良资产清收处置工作转型。展望全年，预计本行整体资产质量将继续保 持平稳。 五、近年来苏州地区新兴产业发展迅速，在服务这类客群方面贵行有 何举措？ 答：近年来，苏州制造业加快迈向高端化、智能化、绿色化，产业结 构持续优化升级。作为服务地方的法人金融机构，本行将"产业集群突围" 作为战略三大重点工程之一，通过组建产业集群中心直营团队，打通业务 操作流程，深入研究并重点拓展装备制造、电子信息、医疗器 ...

江苏苏州农村商业银行股份有限公司 2025年第一次临时股东大会决议公告 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。 证券代码：603323 证券简称：苏农银行 公告编号：2025-024 (一)股东大会召开的时间：2025 年 7 月 8 日 (二)股东大会召开的地点：江苏省苏州市吴江区东太湖大道 10888 号 5 楼报告厅 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 477 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 475,284,884 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 23.5459 | 重要内容提示： 本次会议是否有否决议案：无 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 一、会议召开和出席情况 本次股东大会由公司董事会召集，徐晓军董事长主持会议，采用的表 ...

江苏世纪同仁律师事务所关于 江苏苏州农村商业银行股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：江苏苏州农村商业银行股份有限公司 根据《中华人民共和国证券法》《中华人民共和国公司法》《上市公司股东 会规则》（以下简称"《股东会规则》"）等法律、法规和规范性文件以及现行 有效的《江苏苏州农村商业银行股份有限公司章程》（以下简称"《公司章程》"） 的规定，江苏世纪同仁律师事务所（以下简称"本所"）受江苏苏州农村商业银 行股份有限公司（以下简称"公司"）委托，指派本所律师出席公司 2025 年第一 次临时股东大会（以下简称"本次股东大会"），并就本次股东大会相关事项出 具本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的有关事项进行了审 查，查阅了相关会议文件，并对有关问题进行了必要的核查和验证。 本所同意将本法律意见书作为本次股东大会的公告材料，随同其他会议文件 一并报送有关机构并公告。除此以外，未经本所同意，本法律意见书不得为任何 其他人用于任何其他目的。 本所律师根据相关法律、法规和规范性文件的要求，按照律师行业公认的业 务标准、道德规范和勤勉尽责精神，出具法律意见如下： 一、 ...

Core Viewpoint - The banking industry is facing significant pressure as net interest margins have fallen below non-performing loan ratios for the first time, indicating a critical need for banks to diversify their income sources beyond interest income [1][2][4]. Group 1: Financial Performance Indicators - In Q1, the net interest margin for Chinese commercial banks decreased to 1.43%, down 9 basis points from the previous quarter, while the non-performing loan ratio rose to 1.51%, an increase of 0.01 percentage points [2][4]. - Among the major banks, state-owned banks had the lowest non-performing loan ratios at 1.22% and 1.23%, while rural commercial banks faced the highest at 2.86% [4]. - A total of 9 out of 42 listed banks reported net interest margins lower than their non-performing loan ratios, highlighting the growing financial strain within the sector [4][5]. Group 2: Challenges and Market Dynamics - The banking sector is experiencing ongoing challenges due to declining asset quality, which is affecting profitability and the ability to cover costs associated with credit, operations, and capital [4][6]. - Analysts indicate that the pressure on net interest margins is exacerbated by weak credit demand and a shift towards lower-yielding short-term loans, leading to a decline in asset yields [6][7]. - The average net interest margin for listed banks has been on a downward trend for five consecutive years, with many banks now below the 1.8% warning line set by market pricing mechanisms [7][8]. Group 3: Strategic Responses - To address the challenges posed by low interest rates, banks are encouraged to diversify their income sources, focusing on non-interest income and other financial services [8][9]. - Recommendations include reducing deposit interest subsidies and hidden costs associated with deposits to alleviate margin pressures [8]. - Banks are advised to adopt a more resilient and balanced income structure, optimizing their liabilities and controlling costs to enhance profitability [9].