□ 陶心雨 当前，国际形势复杂多变，外贸行业面临诸多挑战。在此背景下，苏州农商银行为助力外贸外资企业更 好应对当前外部冲击，在中国人民银行苏州市分行、国家外汇管理局苏州市分局指导下，组建苏州农商 银行"外贸保稳提质工作专班"，整合全行优质信贷和本外币结算服务资源，切实履行金融惠企利民社会 责任。 专班组建后，对全行涉美进出口企业展开调研，全面了解企业实际情况，旨在凝聚全行力量，通过三大 核心措施，帮助外贸企业"稳经营、转订单、敢接单、多接单"。 提供稳定信贷支持，做好企业坚实后盾。苏州农商银行承诺对全市384户苏州地区对美出口重点企业以 及行内87户涉美融资企业坚决做到不抽贷、不断贷、不压贷。为保障企业信贷供给稳定，苏州农商银行 合理运用无还本续贷、借新还旧等灵活信贷工具，并通过展期、续贷、转贷及调整还款方式等手段，保 障企业的信贷供给稳定，助力企业实现出口转内销，或拓展新兴市场，为企业持续经营"输血供氧"、保 驾护航。 完善特色产品供给，帮助客户降本增效。降低企业成本方面，苏州农商银行针对外贸客户的信用类特色 贷款产品"苏农e贷（企业版）"，支持本外币项下贸融场景，外贸企业贷款定价在普通类贷款基础上享 有优 ...

Core Viewpoint - The A-share listed rural commercial banks demonstrated strong resilience in Q1 2025, with all 10 banks achieving positive net profit growth, highlighting their robust financial performance despite market pressures [1][5][6]. Financial Performance - All 10 A-share listed rural commercial banks reported positive net profit growth in Q1 2025, with Changshu Bank leading at a 13.81% year-on-year increase [1][7]. - Eight banks experienced positive revenue growth, while two banks, Shanghai Rural Commercial Bank and Zijin Bank, reported declines in revenue [1][5][6]. - Revenue figures for major banks include: - Chongqing Rural Commercial Bank: 72.24 billion yuan, up 1.35% - Shanghai Rural Commercial Bank: 65.60 billion yuan, down 7.41% - Qingnong Bank: 30.57 billion yuan, up 0.99% - Changshu Bank: 29.71 billion yuan, up 10.04% [3][5][6]. Asset Quality - As of the end of March, seven banks had non-performing loan (NPL) ratios below 1%, with Changshu Bank, Wuxi Bank, and Jiangyin Bank all below 0.9% [1][15]. - Qingnong Bank had the highest NPL ratio at 1.77%, despite a slight decrease from the previous year [1][15]. Asset Scale - Chongqing Rural Commercial Bank and Shanghai Rural Commercial Bank both exceeded 1.5 trillion yuan in total assets, with Chongqing leading at 1.61 trillion yuan, a 6.3% increase [9][11]. - Qingnong Bank ranked third in total assets at 511.58 billion yuan, while Changshu Bank followed closely with 389.01 billion yuan [11][12]. Interest Margin - The net interest margin for several banks has narrowed, with Zijin Bank reporting the lowest at 1.23%, below the industry average of 1.52% [4][7].

证券代码：603323 证券简称：苏农银行 公告编号：2025-014 江苏苏州农村商业银行股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (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 | 353 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 372,615,117 | | 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（%） | 20.3055 | (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。 3、董事会秘书陆颖栋女士出席了本次会议；部分高级管理人员列席了本次会议。 二、 议案审议情况 (一) 非累积投票议案 1、 议案名称：2024 年度董事会工作报告 审议结果：通过 表决情况： 本次股东大会由公司董事会 ...

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 2024 年年度股东大会的 法律意见书 致：江苏苏州农村商业银行股份有限公司 2025 年 4 月 30 日，公司在指定信息披露媒体刊登了《江苏苏州农村商业银行 股份有限公司关于召开 2024 年年度股东大会的通知》。 1 上述会议通知公告中载明了本次股东大会的召开时间、地点、股权登记日、会 议召集人、股东与会方式等事项，还提供了网络投票方式，载明了参与网络投票的 投票程序等内容。 经查，公司在本次股东大会召开 20 日前刊登了会议通知。 2.公司本次股东大会采取现场投票与网络投票相结合的方式召开。 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 2024 年年度股东 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 ...

Investment Rating - The report indicates a cautious outlook for the banking sector, with expected revenue and net profit growth rates for listed banks in 2025 projected at approximately -1% and 0% respectively [3][9]. Core Insights - The overall revenue and net profit growth rates for listed banks in Q1 2025 were -1.7% and -1.2% year-on-year, reflecting a decline compared to Q4 2024 [3][9]. - The performance of different types of banks varied significantly, with city and rural commercial banks leading in growth due to improved scale and net interest margin, while state-owned banks showed weaker performance [3][10]. - The net interest margin for listed banks in Q1 2025 was 1.37%, a decrease of 13 basis points year-on-year, but the decline was less severe than in the previous year [3][9]. Summary by Sections Revenue and Profit Overview - Listed banks experienced a decline in revenue and net profit growth rates, with Q1 2025 figures at -1.7% and -1.2% respectively, marking a drop of 1.8 percentage points and 3.5 percentage points from Q4 2024 [3][9]. - The decline in net interest income was attributed to a narrowing interest margin and challenges in volume compensating for price [9]. Asset Quality and Provisioning - The asset quality remained stable, with a decrease in non-performing loan ratios and a reduction in provisioning pressure, as banks continued to report lower provisions in a challenging income environment [3][9]. - The provision coverage ratio for listed banks decreased to 238% in Q1 2025, reflecting a trend of reduced provisioning amid stable asset quality [3][9]. Investment Recommendations - The report suggests that the banking sector's configuration value is enhanced by both fundamental and liquidity factors, with a focus on key index-weighted stocks such as China Merchants Bank and Industrial and Commercial Bank of China [3][9]. - The report highlights the potential for mid-sized banks to attract capital for growth, particularly in the context of capital replenishment and profitability [3][9].

2024 年年度股东大会 现场会议时间：2025 年 5 月 22 日 14：00 现场会议地点：江苏省苏州市吴江区东太湖大道 10888 号 5 楼报告厅 主持人：董事长徐晓军 审议议案： 听取报告： 会议材料 2025 年 5 月 22 日 江苏苏州农村商业银行股份有限公司 2024 年年度股东大会会议材料目录 | 2024 年年度股东大会会议议程 | 1 | | --- | --- | | 2024 年年度股东大会会议须知 | 3 | | 审议议案一：2024 | 年度董事会工作报告 5 | | 审议议案二：2024 | 年度监事会工作报告 12 | | 审议议案三：2024 | 年年度报告及摘要 17 | | 审议议案四：2024 | 年度财务决算报告及 2025 年度预算方案 18 | | 审议议案五：2024 | 年度利润分配方案 22 | | 审议议案六：关于 2025 | 年中期分红安排的议案 23 | | 审议议案七：2024 | 年度关联交易专项报告 24 | | 审议议案八：关于部分关联方 | 2025 年度日常关联交易预计额度的议案 28 | | 审议议案九：关于聘请 2025 | 年 ...

Market Overview - A-shares opened higher but quickly entered a downward trend, with the Shanghai Composite Index up 0.17% and the Shenzhen Component down 0.13% by the afternoon close [1] - Total trading volume in the A-share market was 13,260 billion yuan, a decrease of 149 billion yuan from the previous day [1] Banking Sector Performance - The banking sector saw a collective rise, with Shanghai Bank, Pudong Development Bank, and Jiangsu Bank reaching historical highs [2] - The banking sector overall rose by 1.64%, ranking third among industry sectors for the day, with a weekly increase of 1.59% [2] - All 42 constituent stocks in the banking sector experienced gains, with Chongqing Bank rising over 4% and several others, including Shanghai Bank and Pudong Development Bank, increasing over 3% [2] Financial Indicators - In Q1, 42 banks reported a total net profit of 5,639.79 billion yuan, with the four major state-owned banks accounting for over 52% of this profit [3] - Analysts expect the banking sector to stabilize by 2025, with reduced net interest margin pressure and improved asset-liability management [3] Shipping and Port Sector - The shipping sector experienced significant gains, with the shipping index (European line) futures rising over 10% at the open and closing up 5.79% [4] - The shipping concept sector overall rose by 2.51%, ranking second among industry concepts for the day, with notable gains in stocks like Guohang Ocean and Huaguang Source Sea [4] Economic and Trade Relations - Recent U.S.-China trade talks showed signs of easing tensions, positively impacting financial and shipping trade sentiments [5] - The reduction of tariffs and supportive financial policies are expected to enhance corporate profitability and market sentiment in the short term, while promoting high-quality economic development in the long term [5]

Core Viewpoint - The meeting in Shengze Town, Wujiang District, Suzhou, focused on exploring innovative paths for low-carbon green development in the textile industry, with significant contributions from various organizations including Suzhou Rural Commercial Bank and GIZ [1][2]. Group 1: Carbon Footprint Certification - Wujiang Rongliang Chemical Fiber Co., Ltd. received the "Product Carbon Footprint Verification Statement" from TUV Rheinland, marking the first international certification of its kind for Shengze textile enterprises [1]. - The company completed a "life cycle carbon footprint assessment" over seven months, supported by Suzhou Rural Commercial Bank, covering the entire process from raw material procurement to fabric sales [1]. Group 2: Low-Carbon Transformation Project - The "Shengze Town Textile Industry Low-Carbon Transformation and Financial Innovation Guide Project" was executed by GIZ and Beijing Zhongchuang Carbon Investment Technology Co., Ltd., focusing on the carbon footprint of typical export products like four-way stretch fabrics [2]. - The project created a localized management demonstration case for carbon footprints and proposed targeted performance improvement plans for textile enterprises [2]. Group 3: Green Finance and Industry Support - Suzhou Rural Commercial Bank played a leading role in green finance, collaborating with various stakeholders to address challenges in the low-carbon transformation of the traditional textile industry [2]. - The outcomes of the project provide a replicable and promotable "Shengze Solution" for low-carbon green transformation in the textile industry, benefiting the Yangtze River Delta region and beyond [2].

证券代码：603323 证券简称：苏农银行 公告编号：2025-013 江苏苏州农村商业银行股份有限公司 关于召开 2024 年度业绩说明会的公告 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。 重要内容提示： 本行已于 2025 年 4 月 30 日发布《2024 年年度报告》，为便于广大投资者更 全面深入地了解本行 2024 年度经营成果、财务状况，本行计划于 2025 年 5 月 16 日下午 15:30-16:30 举行 2024 年度业绩说明会，就投资者关心的问题进行交 流。 一、说明会类型 本次投资者说明会以网络互动形式召开，本行将针对 2024 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 5 月 16 日下午 15:30-16:30 （ 二 ） 会 议 召 开 地 点 ： 上 海 证 券 报 · 中 国 证 券 网 ( ...

Investment Rating - The report maintains a positive outlook on the banking sector, highlighting it as a low-volatility dividend play in a counter-cyclical environment and a strong performer in absolute returns during a pro-cyclical phase [6]. Core Insights - The first quarter of 2025 saw a decline in both revenue and net profit for listed banks, with revenue and net profit down 1.7% and 1.2% year-on-year, respectively. The main reasons for this decline were the expected decrease in interest margins and pressure from non-interest income [3][12]. - Loan growth has remained stable, with a year-on-year increase of 7.9% in the first quarter. Notably, banks in Jiangsu and Zhejiang, as well as Chengdu, continue to show strong economic performance, while Chongqing has emerged as a new growth area with loan growth exceeding 16% [3][4]. - The average net interest margin for listed banks was 1.54% in the first quarter, reflecting a slight quarter-on-quarter increase of 2 basis points, supported by a decrease in the cost of interest-bearing liabilities [4][12]. - The non-performing loan (NPL) ratio for listed banks decreased to 1.23%, with an estimated annualized NPL generation rate of approximately 0.63% [5][19]. - The report emphasizes the importance of focusing on high-dividend yield banks, particularly those with solid provisions and growth opportunities in favorable policy environments [6][19]. Summary by Sections Performance Overview - The first quarter of 2025 saw a significant impact from the decline in interest margins and non-interest income, leading to a negative growth in both revenue and profit for listed banks [10][12]. - The report indicates that the performance of state-owned banks was below expectations, while city and rural commercial banks generally met expectations [3][19]. Loan and Credit Analysis - Loan growth has been stable, with a year-on-year increase of 7.9% in the first quarter. The report highlights that the demand for loans from small and medium-sized enterprises has weakened, affecting the growth rates of rural commercial banks [3][4]. Interest Margin and Cost Analysis - The report notes that the average net interest margin for listed banks improved slightly, with a quarter-on-quarter increase attributed to a reduction in the cost of interest-bearing liabilities [4][12]. Asset Quality and Risk Management - The NPL ratio for listed banks decreased to 1.23%, with proactive measures taken to manage and dispose of non-performing assets [5][19]. - The report indicates that the retail sector is experiencing some risk exposure, but overall asset quality remains stable [5][19]. Investment Recommendations - The report recommends focusing on banks with high dividend yields and solid fundamentals, particularly those that are well-positioned to benefit from favorable policy changes [6][19].