本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 宁波银行股份有限公司关于赎回优先股的公告 重要内容提示： 证券代码：002142 证券简称：宁波银行 公告编号：2025-039 优先股代码：140001、140007 优先股简称：宁行优01、宁行优02 优先股最后交易日：2025年11月6日（星期四） 优先股赎回登记日：2025年11月6日（星期四） 优先股停止交易日：2025年11月7日（星期五） 优先股赎回款到账日：2025年11月7日（星期五） 宁波银行股份有限公司（以下简称"公司"）于2018年11月7 日非公开发行优先股1亿股（以下简称"宁行优02"），优先股代码： 140007。根据"宁行优02"募集说明书约定，经相关监管部门批 准，公司有权自发行结束日期满5年之日起，于每年的优先股股息 支付日全部或部分赎回本次发行的优先股。为进一步优化公司财务 结构，降低财务成本，公司拟全部赎回"宁行优02"。有关"宁行 优02"赎回事项如下： 一、本次优先股赎回履行的程序 公司2017年第四次临时股东大会审议通过了《关于宁波银行 1 股份有限公司调整非公开发 ...

Core Points - Ningbo Bank plans to redeem the second phase of preferred shares issued in November 2018, which consists of 100 million shares with a face value of 100 yuan each, raising a total of 1 billion yuan [1] - The redemption price will be the face value plus the current dividend, with the redemption date set for November 7, 2025 [1] - As of September 30, 2025, the company's core Tier 1 capital adequacy ratio is 9.21%, Tier 1 capital adequacy ratio is 10.70%, and total capital adequacy ratio is 14.62%, meeting the redemption conditions [1]

Group 1 - The A-share market has significantly rebounded since the third quarter, with active trading and foreign capital continuing to buy aggressively [2][3] - Major industry leaders such as Kweichow Moutai, Ping An of China, and Wuliangye have attracted over 80 foreign institutional investors each, indicating strong foreign interest [2][3] - As of the end of September, the top three foreign-held A-shares by market value are CATL, Kweichow Moutai, and Midea Group, with values of 265.66 billion, 88.14 billion, and 71.65 billion respectively [2][3] Group 2 - Foreign investment is particularly focused on industry leaders, "Chinese state-owned enterprises," and bank stocks, with major banks holding significant foreign shares [3][4] - As of September 30, 2023, 68 foreign institutions held shares in China Shipbuilding, a 40% increase from the end of June [4][5] - The number of foreign investors in several A-share companies has increased, including Kweichow Moutai, BYD, and Yangtze Power [4] Group 3 - Foreign investors have shown a preference for certain stocks, with UBS significantly increasing its stake in RuiNeng Technology, becoming the third-largest shareholder [5][6] - UBS held 1.1464 million shares of RuiNeng Technology as of September 30, representing a 130.2% increase from the previous quarter [6] - Other major foreign investors in RuiNeng Technology include Goldman Sachs, JPMorgan, and Merrill Lynch, all newly entering the top ten shareholders [5][6] Group 4 - The overall outlook for the A-share market remains positive, with expectations of continued recovery in earnings and strong inflows of capital [9][10] - UBS forecasts a 6% year-on-year growth in total A-share earnings by 2025, driven by sectors like technology and non-financial industries [9][10] - Goldman Sachs predicts a 30% increase in major stock indices by the end of 2027, indicating a potential long-term bull market for A-shares [10][11]

Core Viewpoint - The A-share market has shown significant recovery since the third quarter, with active trading and continued foreign investment, particularly in industry leaders and state-owned enterprises [3][5][14]. Group 1: Foreign Investment Trends - As of the end of September, major industry leaders such as Kweichow Moutai, China Ping An, and Wuliangye attracted over 80 foreign institutional investors each [6][5]. - The top three foreign-held A-shares by market value are CATL (265.66 billion), Kweichow Moutai (88.14 billion), and Midea Group (71.65 billion) [6][5]. - Foreign investment in "Chinese state-owned enterprises" has increased, with China Shipbuilding attracting 68 foreign investors, a rise of over 40% from the end of the first half [7][5]. Group 2: Sector Preferences - Foreign investors favor industry leaders, state-owned enterprises, and bank stocks, with seven of the top ten foreign-held A-shares being banks [6][5]. - Notable bank stocks include Nanjing Bank (2.36 billion shares held by 32 foreign investors) and Ningbo Bank (1.60 billion shares held by 42 foreign investors) [6][5]. Group 3: Individual Stock Movements - UBS significantly increased its stake in RuiNeng Technology, becoming the third-largest shareholder, while Goldman Sachs, JPMorgan, and Merrill Lynch entered the top ten shareholders [9][10]. - RuiNeng Technology's stock price has surged over 40% since mid-October, despite a 32.73% decline in net profit year-on-year [12][10]. Group 4: Market Outlook - UBS analysts remain optimistic about the medium-term outlook for the A-share market, citing a 12% year-on-year profit growth for all A-shares in the third quarter [15][14]. - Goldman Sachs predicts a 30% increase in major stock indices by the end of 2027, indicating a potential long-term bull market for A-shares [16][14].

Market Performance - The city commercial bank sector increased by 0.12% on November 5, with Ningbo Bank leading the gains [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] Individual Stock Performance - Ningbo Bank (002142) closed at 29.09, up 0.83% with a trading volume of 306,800 shares and a transaction value of 894 million [1] - Nanjing Bank (6000000) closed at 11.65, up 0.60%, with a trading volume of 555,100 shares and a transaction value of 648 million [1] - Shanghai Bank (601229) closed at 10.04, up 0.50%, with a trading volume of 842,000 shares [1] - Other notable performances include Chengdu Bank (601838) at 17.06, up 0.35%, and Hangzhou Bank (600926) at 16.02, up 0.12% [1] Capital Flow Analysis - The city commercial bank sector saw a net inflow of 52.36 million from institutional investors, while retail investors contributed a net inflow of 89.18 million [2] - The sector experienced a net outflow of 142 million from speculative funds [2] Detailed Capital Flow for Selected Banks - Jiangsu Bank (600919) had a net inflow of 63.74 million from institutional investors, while it faced a net outflow of 46.26 million from speculative funds [3] - Chengdu Bank (601838) reported a net inflow of 63.42 million from institutional investors, with a net outflow of 57.05 million from speculative funds [3] - Ningbo Bank (002142) had a net inflow of 5.72 million from institutional investors but a significant net outflow of 43.57 million from retail investors [3]

Core Viewpoint - The banking sector experienced significant fluctuations, with notable gains in several banks, including historical highs for Industrial and Commercial Bank of China (ICBC) [1] Group 1: Market Performance - The banking sector saw a strong upward movement on November 5, with ICBC reaching a historical high during intraday trading [1] - Shanghai Pudong Development Bank (SPDB) increased by over 2%, indicating positive market sentiment [1] - Other banks such as Ningbo Bank, Nanjing Bank, and Industrial Bank also showed upward trends, contributing to the overall positive performance of the sector [1]

Group 1 - The announcement states that Baijia Fund Management Co., Ltd. has signed a fund sales agency agreement with Ningbo Bank Co., Ltd. to add it as a sales institution for the Baijia Baizhen Interest Rate Bond Fund starting from November 5, 2025 [1][2] - The fund has two classes: Class A (Fund Code: 021262) and Class C (Fund Code: 021263) [1] - Investors can consult details through Ningbo Bank and Baijia Fund Management, with provided contact information and addresses [1]

Investment Rating - The report maintains a positive outlook on the banking sector, indicating a potential return to a valuation of 1 times net asset value [4][7]. Core Insights - The banking sector has demonstrated steady performance, with a year-to-date revenue growth of 0.8% and a net profit growth of 1.5% for the first nine months of 2025, reflecting a stable regulatory environment supporting bank profitability [10][14]. - The report highlights a shift in focus from scale to balance in credit growth, with banks increasingly pursuing a "quantity-price balance" strategy [4][7]. - The cost of liabilities has improved more significantly than the decline in asset pricing, leading to a stabilization of net interest margins, which is expected to continue into the next year [4][7]. - Asset quality remains stable but shows signs of divergence, particularly with rising risks in small and micro businesses [4][7]. - The report suggests that the current dividend yield of the banking sector has returned to an attractive range, indicating a significant disconnect between stable earnings and stock holdings, which could lead to a value recovery [4][7]. Summary by Sections Performance Overview - The banking sector's performance has been characterized by a steady increase in revenue and profit, with state-owned banks showing better-than-expected stability and regional banks leading in performance [11][12][15]. - The report notes that the revenue growth of state-owned banks has turned positive, with non-interest income contributing significantly to this growth [12][15]. Credit Growth and Strategy - The report indicates a gradual abandonment of scale-driven growth, with banks focusing on achieving a balance between volume and pricing in their lending practices [4][7]. - The credit growth rate for listed banks decreased by 0.3 percentage points to 7.7% in Q3 2025, with state-owned banks maintaining a growth rate of approximately 8.5% [4][7]. Profitability and Asset Quality - The net interest margin for listed banks remained stable at 1.5%, with a slight quarter-on-quarter increase of 3 basis points in Q3 2025 [4][7]. - The overall non-performing loan ratio remained stable at 1.22%, indicating manageable risk levels across the sector [4][7]. Investment Recommendations - The report recommends focusing on leading banks and undervalued regional banks as key investment opportunities, suggesting that the recovery in valuations is supported by stable earnings and attractive dividend yields [4][7].

Core Insights - The banking sector in the Yangtze River Delta is experiencing a different trend compared to the overall slowdown in loan growth, with several city commercial banks showing double-digit asset growth [1][3] Group 1: Loan Growth - As of the end of Q3, several city commercial banks in the Yangtze River Delta reported significant asset growth: Jiangsu Bank at 4.93 trillion yuan (up 24.68%), Ningbo Bank at 3.58 trillion yuan (up 14.50%), and Nanjing Bank at 2.96 trillion yuan (up 14.31%) [1] - The overall loan growth for all A-share listed banks was 7.70% year-on-year, with city commercial banks leading at 12.86% [1][2] - Specific banks like Jiangsu Bank and Ningbo Bank reported loan growth rates exceeding 17% in Q3, driven primarily by corporate loans [3][5] Group 2: Corporate Loans - Corporate loans have significantly increased, with Ningbo Bank's corporate loan growth reaching 32.10% in Q3, the highest among peers [5] - The proportion of corporate loans in total loans has risen for many banks, with Jiangsu Bank's corporate loans making up 67.38% and Nanjing Bank's at 76.03% [4][5] - The focus on corporate loans, particularly in technology sectors, has been emphasized by several banks, with notable increases in technology-related loan disbursements [6][8] Group 3: Revenue and Profitability - The total revenue for six city commercial banks in the Yangtze River Delta reached 243.6 billion yuan in Q3, a year-on-year increase of 6.41%, while net profit grew by 8.36% to 111.2 billion yuan [7] - Jiangsu Bank reported a revenue of 67.18 billion yuan and a net profit of 30.58 billion yuan, both showing positive growth [7] - Wealth management and retail banking segments are showing signs of recovery, contributing to the overall revenue growth [8] Group 4: Investment Income - Investment income has been under pressure due to rising interest rates and market volatility, with the fair value changes of financial assets showing negative results [9][10] - Shanghai Bank reported the highest investment income at 16.77 billion yuan, but also faced significant losses in fair value changes [11]

日前，上市公司信息披露考核成绩单陆续出炉，宁波银行股份有限公司（股票简称：宁波银行股票代 码：002142）继续获评最高评级"A"级，这也是宁波银行连续第17年获此殊荣。根据权威机构致远速联 统计，宁波银行位列6家连续17年稳居A类评级的"信披常青树"之一。这一成绩的取得充分显示了监管 机构对宁波银行信息披露质量的认可，更标志着公司在保护投资者权益、合规运作等领域的持续领先。 宁波银行将信息透明度作为公司治理的重要支柱，严格遵循监管要求，通过法定公告形式全面、及时向 全体股东披露财务数据与重大事项；同时，依托投资者热线、官网投资者关系专栏、业绩说明会及实地 调研接待等多元化渠道，确保公司真实经营信息传递的准确性与完整性，切实保障投资者的知情权。 在定期报告的"公司业务概要"与"经营情况讨论与分析"核心模块，宁波银行始终以投资者理解为导向， 通过大篇幅、精准易懂的表述，系统阐述公司业务架构与经营现状，并对未来发展规划进行充分论证， 助力投资者清晰把握公司业务全貌。在披露渠道上，宁波银行在公告、报告等传统形式基础上，创新引 入图文互动等新媒体手段，提升信息披露的及时性与便捷性，增强信息传播力以及与投资者的互动。 ...