证券代码：001227 证券简称：兰州银行 公告编号：2025-035 兰州银行股份有限公司 2024 年年度权益分派实施公告 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 兰州银行股份有限公司（以下简称"本行"）2024 年年度权益分派方案已经 2025 年 6 月 25 日召开的本行 2024 年年度股东大会审议通过，现将权益分派事 宜公告如下： 一、股东大会审议通过利润分配方案情况 （一）2025 年 6 月 25 日，本行 2024 年年度股东大会审议通过了《兰州银 行股份有限公司 2024 年度利润分配方案》的议案：向权益分派股权登记日收市 后登记在册的普通股股东派发现金红利，每 10 股派发现金红利 0.51 元（含税）， 不送红股，不以公积金转增股本。 （二）自分配方案披露至实施期间本行股本总额未发生变化，本次分红派息 按分配比例不变的原则实施。 （三）本次实施的分配方案与股东大会审议通过的分配方案一致。 （四）本次实施分配方案距离股东大会审议通过的时间未超过两个月。 二、本次实施的权益分派方案 本行 2024 年年度权益分派方案为：以本行现有总股 ...

Company Dynamics - Lanzhou Bank successfully issued "Lanzhou Bank Co., Ltd. 2025 Perpetual Capital Bonds" with a total scale of RMB 5 billion and a coupon rate of 2.49% for the first five years, marking a significant decrease of 231 basis points compared to previous similar bond issuances [2][3] - The bank's credit rating is assessed as AAA by China Chengxin International, with a stable outlook, while the perpetual capital bonds are rated AA+ [2] Financial Performance - In 2024, Lanzhou Bank's net operating income was RMB 7.854 billion, reflecting a decline of 2.02% compared to 2023, while net profit increased by 1.54% to RMB 1.942 billion, indicating a trend of "profit increase without revenue increase" [4] - The bank's non-performing loan (NPL) ratio reached 1.83% by the end of 2024, an increase of 0.10 percentage points from the beginning of the year, marking the highest level in three years [3] - As of the first quarter of 2025, the NPL ratio slightly decreased to 1.81%, but it remains high among listed city commercial banks [3] Capital Adequacy - As of the end of the first quarter of 2025, Lanzhou Bank's capital adequacy ratio was 11.79%, and the core Tier 1 capital adequacy ratio was 8.37%, both showing a decline from the end of 2024 [5] - The issuance of the RMB 5 billion perpetual bonds is expected to improve the bank's capital structure and enhance its capital strength [5] Future Outlook - The bank needs to adopt effective strategies to address its challenges, including strengthening risk management, optimizing business structure, and diversifying capital sources to enhance market competitiveness and sustainable development [6]

Core Viewpoint - The banking sector in China is experiencing a notable increase in internal capital increases, reflecting growing confidence in the long-term value of banks as both executives and major shareholders actively participate in stock buybacks [1][2][3]. Group 1: Executive and Shareholder Actions - Several banks, including Huaxia Bank and Jiangsu Bank, have initiated or completed stock buyback plans, indicating a trend where bank executives and major shareholders are taking proactive steps to invest in their own companies [1][2]. - Huaxia Bank announced a voluntary buyback plan of at least 30 million yuan, although its implementation has been delayed due to market conditions [1][2]. - Jiangsu Bank's executives completed their buyback plan ahead of schedule, investing 24.28 million yuan, which is 121.39% of the planned minimum amount [1][2]. Group 2: Broader Industry Trends - Over ten banks, including Suzhou Bank and Chengdu Bank, have disclosed similar buyback plans in 2023, suggesting a widespread trend within the banking industry [1][2]. - The actions of bank executives and shareholders are interpreted as a signal of confidence in the banks' future performance and stock prices, as they are willing to invest their own funds and bear market risks [2][3]. Group 3: Market Reactions and Valuation - The stock buyback announcements have provided short-term support for stock prices, with Jiangsu Bank's stock rising by 0.74% following its announcement [5]. - The average price-to-book (PB) ratio for A-share banks is currently at 0.6, with some city commercial banks below 0.5, indicating that the banking sector is undervalued [5]. - The average dividend yield for the banking sector is 3.86%, making it attractive for long-term investors, especially in light of regulatory measures encouraging long-term capital inflows [4]. Group 4: Long-term Challenges - Despite the positive signals from buybacks, the banking sector faces deeper challenges, including narrowing net interest margins and asset quality issues that have not been fundamentally resolved [5][6]. - The effectiveness of buybacks in stabilizing stock prices may be limited if they do not coincide with improvements in operational efficiency and fundamental performance [5][6].

兰州银行股份有限公司 关于 2025 年无固定期限资本债券发行完毕的公告 证券代码：001227 证券简称：兰州银行 公告编号：2025-034 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 经相关监管机构批准，兰州银行股份有限公司（以下简称"本行"）于近日在 全国银行间债券市场成功发行"兰州银行股份有限公司 2025 年无固定期限资本 债券"（以下简称"本期债券"）。 本期债券于 2025 年 7 月 8 日簿记建档，并于 2025 年 7 月 10 日发行完毕， 发行规模为人民币 50 亿元，前 5 年票面利率为 2.49%，每 5 年调整一次，在第 5 年及之后的每个付息日附发行人有条件赎回权。 本期债券募集的资金将依据适用法律和监管机构的批准，用于补充本行其他 一级资本。 特此公告。 兰州银行股份有限公司董事会 2025 年 7 月 10 日 ...

Group 1 - The banking sector continues to rise, with major banks such as ICBC, ABC, and others breaking previous highs and setting new records [1] - Minsheng Bank leads the gains with an increase of over 7%, while other banks like ICBC and CMB also show significant growth [1][2] - The Bank ETF (512800) has reached a new high since its listing, with a trading volume of 570 million yuan, indicating strong market activity [2] Group 2 - As of July 9, the Bank ETF (512800) has a fund size exceeding 12.8 billion yuan, making it the largest and most liquid among the 10 bank ETFs in the market [4] - The Bank ETF tracks the CSI Bank Index, which has seen a cumulative increase of 18.24% this year, outperforming both the CSI 300 and SSE Composite Index by 16.8 and 14.02 percentage points respectively [4][5] - Analysts suggest viewing the current bank stock rally as the beginning of a long-term trend, driven by low interest rates and the revaluation of RMB assets [5] Group 3 - Investors looking for cost-effective exposure to the banking sector are encouraged to consider the Bank ETF (512800) and its associated funds [6] - The Bank ETF passively tracks the CSI Bank Index, which includes 42 listed banks in A-shares, serving as an efficient investment tool for the overall banking sector [6]

Strategic Planning and Development - The bank has established a comprehensive development strategy termed "1363," focusing on becoming a "respected and distinctive boutique bank" through three main directions: "lightweight, digital, and green" [2] - Key initiatives include "customer construction, retail transformation, asset quality improvement, external enhancement, technology empowerment, and management strengthening," aiming to create a business structure driven by small and micro enterprises, retail, and financial markets [2][3] - The bank has seen significant growth in green loans for three consecutive years and a notable increase in manufacturing loans, with supply chain financing achieving new breakthroughs [2] Market Value Management - The bank's market value management includes optimizing corporate governance, encouraging long-term shareholder support, and promoting shareholding stability [4] - Since its listing, the bank has completed three rounds of share increases by major shareholders, totaling 34.87 million shares and 94.22 million yuan [4] - Cumulative dividends since listing amount to 2.398 billion yuan, representing 1.18 times the funds raised during the IPO [4] Capital Supplementation Plans - The bank employs a dual approach for capital supplementation, combining internal capital accumulation with external capital sourcing, and has successfully issued 3 billion yuan in secondary capital bonds [5] - Plans for 2025 include issuing up to 5 billion yuan in perpetual bonds and exploring other capital-raising methods [5] - The bank maintains a balanced dividend policy to ensure shareholder interests while accumulating internal capital for sustainable development [5] Loan Issuance and Structure - In Q1 2025, the bank issued loans and advances totaling 17.621 billion yuan, marking a growth rate of 7.18%, the highest in five years [5] - Corporate loans increased by 15.759 billion yuan (8.12%), while personal loans rose by 2.011 billion yuan (3.38%) [5] Net Interest Margin Trends - The bank's net interest margin (NIM) was 1.43% in 2024 and increased to 1.46% in Q1 2025, despite ongoing downward pressure [6][8] - Strategies to mitigate NIM compression include enhancing liability management, exiting high-cost deposits, and optimizing the deposit structure [6][8] Deposit Rate Adjustments - The bank initiated a new round of deposit rate reductions on May 30, 2025, with expectations for continued declines in the deposit interest rate throughout the year [7] - The bank has managed to slow deposit growth while achieving a sustained decrease in interest rates, aligning with industry trends [7] Bond Market Outlook - The bond market is expected to experience limited downward movement in interest rates, with the 10-year government bond yield stabilizing between 1.65% and 1.7% [9][10] - The bank will continue to engage in bond trading and maintain a stable growth rate in its bond portfolio to ensure liquidity management [10]

Market Overview - The A-share market experienced fluctuations, with the Shanghai Composite Index down 0.04% and the Shenzhen Component Index down 0.42% as of midday [2][3] - The total trading volume in the market was 867.48 billion yuan, showing a significant decrease compared to the previous day [4] Banking Sector - The banking sector saw a collective rise, with Zijin Bank increasing nearly 3% and several other banks like Lanzhou Bank and Ningbo Bank rising over 2% [8][10] - A total of 13 A-share listed banks have completed nearly 70% of their cash dividend distribution for 2024, with some banks already proposing mid-term dividends for 2025 [13] Solar Energy Sector - The rooftop solar concept stocks surged, with companies like Xiangqiang Co. and Yamaton hitting their daily limit up [15][17] - HJT battery concept stocks also saw significant gains, with Yijing Optoelectronics and Yaopi Glass reaching their daily limit up [18] - The silicon energy sector continued to rise, with *ST Xinyuan hitting the daily limit up and Daqo New Energy increasing over 11% [19][21] - Major photovoltaic glass companies plan to collectively reduce production by 30% starting in July, which is expected to decrease domestic glass output to around 45GW [22] Multi-Financial Sector - The multi-financial sector faced a downturn, with Aijian Group hitting the daily limit down and several other stocks like Hongye Futures and Guosheng Jinkong experiencing significant declines [26][28] - Aijian Group's stock was previously favored due to speculation about its involvement in stablecoin business, but the company clarified it has not engaged in such activities [29]

Core Viewpoint - The article highlights the performance and growth of the Zhongzheng Dividend Low Volatility 100 Index and its corresponding ETF, indicating a bullish outlook on bank stocks driven by low interest rates and a long-term market trend [3][4]. Performance Summary - As of June 27, 2025, the Zhongzheng Dividend Low Volatility 100 Index rose by 0.31%, with constituent stocks such as Lanzhou Bank and Guizhou Bank showing significant gains [3]. - The Zhongzheng Dividend Low Volatility 100 ETF (159307) has seen a recent price increase of 0.38%, marking its sixth consecutive rise, with a latest price of 1.05 yuan and a trading volume of 484.03 million yuan [3]. - Over the past year, the ETF's net value increased by 14.89%, ranking first among comparable funds [4]. Fund Growth and Inflows - The ETF experienced a substantial increase in shares, growing by 7.26 million shares over the past year, placing it second among comparable funds [4]. - Despite a recent net outflow of 209.37 million yuan, the ETF has seen net inflows on 8 out of the last 10 trading days, totaling 3.35 million yuan [4]. Risk and Return Metrics - The ETF's maximum drawdown this year was 6.18%, with a recovery period of 36 days, indicating relatively low risk compared to peers [4]. - The ETF's management fee is 0.15% and the custody fee is 0.05%, which are the lowest among comparable funds [5]. Index Composition - The Zhongzheng Dividend Low Volatility 100 Index includes 100 stocks characterized by high liquidity, continuous dividends, high dividend yields, and low volatility [5]. - The top ten weighted stocks in the index account for 19.64% of the total index weight, with notable companies including Jizhong Energy and Daqin Railway [5][6].

Core Viewpoint - The demand for capital replenishment among small and medium-sized banks is increasing, as evidenced by recent approvals for the issuance of perpetual bonds and other capital instruments [1][2][3] Group 1: Recent Developments - Lanzhou Bank has received regulatory approval to issue up to 5 billion RMB in perpetual bonds, with the flexibility to decide on the timing and scale within 24 months [1] - Xi'an Bank has been approved to issue up to 7 billion RMB in perpetual bonds, also with similar issuance flexibility [1] - Other banks, including Zhejiang Chouzhou Commercial Bank and Shanxi Bank, have also received approvals for capital instruments, indicating a broader trend [1] Group 2: Capital Adequacy and Sources - In Q1 of this year, the capital adequacy ratios for city commercial banks, private banks, and rural commercial banks were 12.44%, 11.98%, and 12.96% respectively, compared to 17.79% and 13.71% for state-owned and national joint-stock banks [2] - Capital replenishment for banks can be categorized into internal and external sources, with internal sources primarily being retained earnings and external sources including IPOs, rights issues, and various types of bonds [2] Group 3: Challenges and Opportunities - There are over 4,000 small and medium-sized banks in China, accounting for 99% of the banking system, but they face challenges in capital replenishment compared to larger banks [3] - The recent approvals for perpetual bonds indicate that the channels for capital replenishment for small and medium-sized banks are expanding [3] - The issuance of perpetual bonds by private banks, such as MyBank, is becoming more common, although historically it has been rare due to high regulatory standards and market concerns [4][5] Group 4: Expert Insights - Experts suggest that feasible capital replenishment methods for small and medium-sized banks include shareholder capital injection, issuance of subordinated debt, profit retention, attracting strategic investors, and local government support [5] - The regulatory environment is expected to continue improving, which may lead to a more diversified capital replenishment system for private and small banks [5]

证券代码：001227 证券简称：兰州银行 公告编号：2025-033 兰州银行股份有限公司 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 特别提示： 一、会议召开情况 （一）召开时间 年 6 月 25 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网 投票系统投票的时间为 2025 年 6 月 25 日 9:15-15:00。 （二）会议地点：兰州银行大厦 7 楼会议室（甘肃省兰州市城关区酒泉路 （三）召开方式：采取现场投票与网络投票相结合的方式。 （四）召集人：兰州银行股份有限公司（以下简称"本行"）董事会。 （五）主持人：本行董事长许建平先生。 （五）以普通决议审议通过了《兰州银行股份有限公司 2024 年度利润分配 方案》。 （六）本次会议的召开符合《中华人民共和国公司法》及《兰州银行股份有 限公司章程》等有关规定。 二、会议出席、列席情况 出席本次股东大会的股东及股东授权代表共 608 人，代表有表决权股份 出席现场会议的股东及股东授权代表 35 人，代表有表决权股份 1,745,627,453 股， ...