Group 1: Competitive Advantage - The bank adopts a differentiated business strategy to adapt to changes in the operating environment and accumulate comparative advantages for high-quality development [2] - Key strategies include deepening the main business line, strengthening professional operations, accelerating technological transformation, and maintaining risk management [2] Group 2: Services for Small and Micro Enterprises - The bank continuously explores new comprehensive operating models for small and micro clients, innovating financial products to meet their needs [2] - Professional comprehensive financial services are provided to small and micro enterprises [2] Group 3: Risk Management Measures - The bank adheres to the philosophy that "operating a bank is managing risks," continuously improving a comprehensive risk management system [2] - Key measures include implementing a unified credit policy, conducting ongoing industry research for risk identification, and independent credit approval processes [2] Group 4: Investor Relations Activity - The investor relations activity involved thorough communication between the company's reception team and investors, adhering to disclosure regulations without leaking any undisclosed significant information [2]

Group 1: Competitive Advantage - The bank adopts a differentiated business strategy to adapt to changes in the operating environment, focusing on high-quality development through continuous accumulation of comparative advantages [2] - Key strategies include deepening the main business line, strengthening professional operations, accelerating technological transformation, and maintaining a risk bottom line to ensure stable operations [2] Group 2: Loan Allocation - The bank's loan focus is on advanced manufacturing, private small and micro enterprises, and import-export businesses, providing comprehensive financial services to clients in these sectors [2] Group 3: Risk Management - The bank adheres to the philosophy that "operating a bank is managing risks," continuously improving a comprehensive risk management system that includes unified credit policies, ongoing industry research, and independent credit approvals [2] Group 4: Investor Relations Activity - The investor relations activity involved thorough communication between the bank's reception team and investors, ensuring compliance with disclosure regulations and preventing the leakage of undisclosed significant information [2]

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported an 8.2% year-on-year revenue growth for 2024, with a 6.2% increase in net profit attributable to shareholders. The fourth quarter saw accelerated revenue growth, with a 10.7% year-on-year increase. The strong growth in interest income is expected to continue, supported by robust growth in interest-earning assets and resilient net interest margins [3][10]. - The total loans at year-end increased by 17.8% compared to the beginning of the year, with corporate loans expected to remain a core growth driver. Total deposits also grew by 17.2% year-on-year [10]. - The non-performing loan ratio remained stable at 0.76%, while the provision coverage ratio decreased by 16 percentage points to 389%, reflecting retail risk pressures [10]. Summary by Sections Revenue and Profitability - The company's revenue for 2024 is projected to grow by 8.2%, with a notable acceleration in the fourth quarter, where revenue growth reached 10.7%. The net profit attributable to shareholders is expected to grow by 6.2% [3][10]. - Interest income is anticipated to maintain a high growth rate, driven by strong growth in interest-earning assets and resilient net interest margins [10]. Asset Quality and Risk - The non-performing loan ratio remained stable at 0.76% at year-end, with a provision coverage ratio of 389%, indicating a decrease due to retail risk pressures [10]. - The company has maintained a solid risk control framework, with the overall risk expected to remain manageable [10]. Growth and Expansion - Total assets increased by 15.2% year-on-year, with total loans growing by 17.8% compared to the beginning of the year. Corporate loans are expected to be the main growth driver moving forward [10]. - The company is projected to have a good start in 2025 with loan disbursements expected to increase year-on-year [10]. Valuation - The company is currently valued at a price-to-book (PB) ratio of 0.72x for 2025, with expectations of stable growth in revenue and net profit [10].

宁波银行（ [Table_StockNameRptType] 002142） 公司点评 [公司价格与沪深 Table_Chart] 300 走势比较 -22% -6% 11% 28% 44% 2/24 5/24 8/24 11/24 2/25 宁波银行 沪深300 [Table_Author] 分析师：刘锦慧 执业证书号：S0010524110001 电话：18351883043 邮箱：liujinhui@hazq.com [相关报告 Table_CompanyReport] 1.营收利润双提速，估值修复又一程 2024-10-30 2.2024 年中报点评，利息业务高增， 支撑营收稳健增长 2024-08-30 3.2024 年一季报点评，息差企稳回升， 降本增效成果显著 2024-05-05 扩表速度领先，营收增速再提升 [Table_Rank] 投资评级：买入（维持） 报告日期： 2025-02-07 | [Table_BaseData] 收盘价（元） | 25.24 | | --- | --- | | 近 12 个月最高/最低（元） | 28.27/18.35 | | 总股本（百万股） | 6,604 ...

一、本次减持计划的主要内容 公司于 2024 年 10 月 17 日披露了《宁波银行股份有限公司关 于独立董事减持股份的预披露公告》（公告编号：2024-042）。公 司独立董事李浩先生计划在减持计划披露之日起十五个交易日后 的三个月内，以集中竞价方式减持公司股份不超过 41,250 股（占 公司总股本比例 0.0006%）。 证券代码：002142 证券简称：宁波银行 公告编号：2025-005 优先股代码：140001、140007 优先股简称：宁行优01、宁行优02 宁波银行股份有限公司 关于独立董事减持计划实施完毕的公告 独立董事李浩先生保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的 信息一致。 宁波银行股份有限公司（以下简称"公司"）于近日收到独立 董事李浩先生《关于减持计划实施完毕的告知函》。截至 2025 年 2 月 6 日，李浩先生减持计划已实施完毕，现将具体情况公告如下： 三、其他相关说明 1、本次减持符合《中华人民共和国证券法》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 ...

上 市 公 司 银行 2025 年 02 月 06 日 宁波银行 (002142) ——营收提速、信贷高增，期待业绩重归成长 报告原因：有业绩公布需要点评 买入（维持） | 市场数据： | 2025 年 02 月 05 日 | | --- | --- | | 收盘价（元） | 25.73 | | 一年内最高/最低（元） | 28.27/18.35 | | 市净率 | 0.9 | | 股息率%（分红/股价） | 2.33 | | 流通 A 股市值（百万元） | 167,852 | | 上证指数/深证成指 | 3,229.49/10,164.22 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2024 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 29.89 | | 资产负债率% | 92.72 | | 总股本/流通 A 股(百万) | 6,604/6,524 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 02-05 03-05 04-05 05-05 06-05 07-05 08-05 09-05 10-05 ...

股价：25.73 元 主要数据 银行 2025 年 2 月 6 日 宁波银行(002142.SZ) 营收延续改善，存贷维持高增 强烈推荐（维持） | 行业 | 银行 | | --- | --- | | 公司网址 | www.nbcb.com.cn | | 大股东/持股 | 宁波开发投资集团有限公司/18.74% | | 实际控制人 | | | 总股本(百万股) | 6,604 | | 流通 A 股(百万股) | 6,524 | | 流通 B/H 股(百万股) | | | 总市值（亿元） | 1,699 | | 流通 A 股市值(亿元) | 1,679 | | 每股净资产(元) | 29.89 | | 资产负债率(%) | 92.7 | 行情走势图 相关研究报告 【平安证券】宁波银行（002142.SZ）*季报点评*息差 韧性凸显，资产质量保持优异*强烈推荐20241029 证券分析师 | 袁喆奇 | 投资咨询资格编号 | S1060520080003 | | --- | --- | --- | | YUANZHEQI052@pingan.com.cn | 研究助理 | | | 许淼 | 一般证券从业资格编号 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of RMB 33.65 [9][11]. Core Views - The company reported a revenue growth of 8.2% and a net profit growth of 6.2% for 2024, with an improvement in revenue growth rate compared to the first three quarters of the year [1]. - The bank has shown strong asset expansion, with total assets, loans, and deposits increasing by 15.2%, 17.8%, and 17.2% year-on-year, respectively [2]. - The bank's net interest margin has remained resilient, with a decline of only 3 basis points in the first three quarters of 2024, which is better than the industry average [3]. - The non-performing loan (NPL) ratio remained stable at 0.76%, with a provision coverage ratio of 389%, indicating a solid risk management framework [4]. - The bank's capital adequacy ratio improved to 15.32% by the end of 2024, reflecting strengthened capital position [3]. Summary by Sections Financial Performance - For 2024, the company forecasts a revenue of RMB 66,632 million and a net profit of RMB 27,127 million, with expected growth rates of 8.2% and 6.2%, respectively [7]. - The bank's return on equity (ROE) is projected to decline to 13.59% in 2024, down by 1.49 percentage points year-on-year [1][7]. Asset Quality - The NPL generation rate for the first nine months of 2024 is estimated at 0.97%, an increase of 0.26 percentage points from 2023, primarily due to retail loan risks [4]. - The bank's provision coverage ratio has decreased but remains above industry standards, providing room for profit release [4]. Capital and Valuation - The bank's target price is set at RMB 33.65, corresponding to a price-to-book (PB) ratio of 0.95 for 2025 [5]. - The forecasted book value per share (BVPS) for 2025 is RMB 35.42, indicating a strong growth trajectory [5].

Investment Rating - The investment rating for the company is "Outperform the Market" [5] Core Views - The company's 2024 performance shows stable growth, with a revenue of 66.6 billion yuan, representing an 8.2% year-on-year increase, and a net profit attributable to shareholders of 27.1 billion yuan, up 6.2% year-on-year [1][2] - The asset scale continues to grow rapidly, with total assets reaching 3.13 trillion yuan at the end of 2024, a 15.3% increase from the previous year [1] - The company maintains a high provision coverage ratio of 389%, despite a decline of 72 percentage points from the previous year, indicating a stable asset quality [2][3] Summary by Relevant Sections Financial Performance - In 2024, the company achieved a revenue of 66.6 billion yuan, an increase of 8.2% year-on-year, and a net profit of 27.1 billion yuan, reflecting a 6.2% growth [1][2] - The weighted average return on equity for 2024 was 13.6%, down 1.5 percentage points from the previous year [2] Asset Quality - The non-performing loan ratio remained stable at 0.76% as of the end of 2024, unchanged from the previous year [2] - The provision coverage ratio decreased to 389%, indicating some pressure on asset quality, although it remains at a relatively high level [2] Earnings Forecast - The company is expected to achieve net profits of 27.4 billion yuan, 29.5 billion yuan, and 31.9 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 7.3%, 7.7%, and 8.1% [3][4] - The diluted EPS is projected to be 4.03 yuan, 4.35 yuan, and 4.71 yuan for the same years [3][4] Valuation Metrics - The current price-to-earnings (PE) ratio is 6.4, 5.9, and 5.5 for 2024, 2025, and 2026, respectively, while the price-to-book (PB) ratio is 0.85, 0.76, and 0.68 [3][4]

证券代码：002142 证券简称：宁波银行 公告编号：2025-004 优先股代码：140001、140007 优先股简称：宁行优01、宁行优02 宁波银行股份有限公司 2024 年度业绩快报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示：本公告所载 2024 年度主要财务数据为宁波银行股 份有限公司（以下简称"公司"）初步核算的集团口径数据，未经 会计师事务所审计，与年度报告中披露的最终数据可能存在差异， 请投资者注意投资风险。 一、2024年度主要财务数据和指标 单位：人民币亿元 | 项目 | 2024 年 | 2023 年 | | 增减变动幅度 | | --- | --- | --- | --- | --- | | | （未经审计） | （经审计） | | | | 营业收入 | 666.32 | 615.85 | | 8.20% | | 营业利润 | 315.49 | 280.28 | | 12.56% | | 利润总额 | 312.87 | 278.98 | | 12.15% | | 归属于母公司股东的净利润 | 271.27 | 255. ...