Core Viewpoint - Jiangyin Rural Commercial Bank has established the "Jiangyin High-tech Innovation Service Center" to address the financing challenges faced by light-asset technology enterprises, enhancing interaction between the bank and tech companies through a "financing + intelligence" mechanism [1][2]. Group 1: Service Center Initiatives - The "Jiangyin High-tech Innovation Service Center" is a dedicated service institution for technology enterprises, providing workspace and personnel support from Jiangyin Rural Commercial Bank [1]. - The center employs innovative evaluation methods and actively engages with local technology authorities to identify the specific needs of startups [1][2]. Group 2: Financing Solutions - Jiangyin Rural Commercial Bank provided a 2 million yuan "Technology Enterprise Loan" to a smart security technology company after conducting a comprehensive assessment of its needs [2]. - Another company in the smart transportation sector received a 3 million yuan "Technology Enterprise Loan" and was assisted in applying for a government interest subsidy, reducing financing costs to an annualized rate of 1% [2]. Group 3: Collaborative Ecosystem - The bank has introduced a "stock option" arrangement, adding 3 million yuan in stock options to support enterprises while sharing risks and benefits [3]. - Jiangyin Rural Commercial Bank aims to build a collaborative financial ecosystem involving government, banks, enterprises, and research institutions, facilitating technology exchanges and project roadshows [3]. - The bank plans to continue innovating financial products and expanding resource channels to support the entire lifecycle of technology enterprises [3].

江苏江阴农村商业银行股份有限公司 2025 年第二次临时股东会决议公告 证券代码：002807 证券简称：江阴银行 公告编号：2025-038 本行及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 重要提示： 1、本次股东会无否决提案的情形。 2、本次股东会不存在变更以往股东会已通过的决议。 一、会议召开情况和出席情况 1. 会议召开情况 （1）会议的召开日期、时间 现场会议召开时间：2025 年 11 月 14 日（星期五）下午 14:30。 1 出席本次股东会的股东及股东授权代表共 318 人，代表有表决权股份 658,799,430 股 ， 占 本 行 股 权 登 记 日 （ 2025 年 11 月 10 日 ） 股 份 总 数 2,461,392,789 股的 26.7653%（根据本行《章程》规定，股东质押本行股份数 量达到或超过其持有本行股份的 50.00%时，对其在股东会的表决权进行限制， 该等股东在本次股东会无表决权）。其中，出席现场会议的股东及股东授权代表 23 人，代表有表决权股份 512,710,822 股，占本行股份总数的 20.8301%；通 ...

江阴银行 2025 年第二次临时股东会 法律意见书 江苏世纪同仁律师事务所 关于江苏江阴农村商业银行股份有限公司 2025 年第二次临时股东会的法律意见书 致：江苏江阴农村商业银行股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》和中国证券监督 管理委员会《上市公司股东会规则》等法律、法规和规范性文件以及《江苏江阴 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"）受江苏江阴农村商业银行股份有限公司（以 下简称"公司"或"贵公司"）董事会的委托，指派本所律师出席贵公司 2025 年第二次临时股东会，并就本次股东会的召集、召开程序、出席会议人员资格、 召集人资格、表决程序以及表决结果的合法有效性等事项出具法律意见。 为出具本法律意见书，本所律师对本次股东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。 本所律师同意将本法律意见书随贵公司本次股东会决议一并公告，并依法对 本法律意见书承担相应的责任。 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， ...

Investment Rating - The report does not explicitly state an investment rating for the banking sector, but it provides detailed insights into dividend yields and distribution processes, which can inform investment decisions. Core Insights - The report outlines the latest dividend yields and mid-term dividend processes for A and H shares of listed banks, emphasizing the importance of accurately calculating dynamic dividend yields to avoid discrepancies across periods [1][2]. - It details the two processes for mid-term dividends following the 2023 revision of the regulatory guidelines, highlighting the conventional and simplified processes for implementing mid-term dividends [2]. - The report provides a comprehensive overview of key dates related to dividend distribution for both A and H shares, including the importance of purchasing shares before the ex-dividend date to qualify for dividends [3][4]. Summary by Sections Dynamic Dividend Yield Calculation - A simplified yet accurate method for calculating dynamic dividend yield is introduced, defined as "rolling 12-month EPS * cash dividend rate / share price," which helps avoid issues related to overlapping or missing annual and mid-term dividends [1]. - The report calculates the cash dividend rate using a standardized approach across different banks, resulting in a clear comparison of dividend yields as of November 13, 2025 [1]. Mid-Term Dividend Processes - The report explains the two processes for mid-term dividends: the conventional process requiring shareholder approval and a simplified process allowing for quicker implementation [2]. - The simplified process is designed to enhance flexibility for companies in distributing mid-term dividends, thereby improving shareholder returns [2]. Dividend Distribution Key Dates - For A shares, investors must purchase shares before the ex-dividend date to receive dividends on the same day, while H shares typically see a delay of about one month for dividend payments [3][4]. - The report outlines the differences in the dividend distribution timeline between A and H shares, emphasizing the need for investors to be aware of these timelines to maximize their returns [3][4]. Mid-Term Dividend Progress - As of November 13, 2025, 31 A-share banks have confirmed mid-term dividends, while 11 H-share banks have also confirmed their dividend distributions [9][11]. - The report categorizes banks based on their dividend status, detailing those that have implemented dividends, those that are pending, and those that have opted not to distribute dividends [9][10][11]. - It highlights that the end of 2025 and early 2026 is expected to be a peak period for mid-term dividend distributions, suggesting potential investment opportunities for dividend-seeking investors [11].

Core Viewpoint - The rural commercial bank sector experienced a slight increase of 0.34% on November 12, with Yunnan Rural Commercial Bank leading the gains, while the Shanghai Composite Index fell by 0.07% and the Shenzhen Component Index decreased by 0.36% [1] Group 1: Market Performance - The closing price of Yunnan Rural Commercial Bank was 7.07, with an increase of 1.29% and a trading volume of 786,800 shares, amounting to a transaction value of 560 million yuan [1] - Zhangjiagang Bank closed at 4.70, up 0.86%, with a trading volume of 364,600 shares and a transaction value of 171 million yuan [1] - Wuxi Bank's closing price was 6.30, reflecting an increase of 0.80%, with a trading volume of 156,400 shares and a transaction value of approximately 98.55 million yuan [1] - Su Nong Bank closed at 5.38, up 0.37%, with a trading volume of 291,500 shares and a transaction value of 157 million yuan [1] - Ruifeng Bank's closing price was 5.68, with a 0.35% increase, trading 132,800 shares for a total value of approximately 7.55 million yuan [1] - Zijin Bank closed at 2.89, up 0.35%, with a trading volume of 578,600 shares and a transaction value of 167 million yuan [1] - Qingnong Bank closed at 3.28, reflecting a 0.31% increase, with a trading volume of 896,200 shares and a transaction value of 294 million yuan [1] - Jiangyin Bank's closing price was 5.05, unchanged, with a trading volume of 419,400 shares and a transaction value of 212 million yuan [1] - Changshu Bank closed at 7.25, unchanged, with a trading volume of 330,700 shares and a transaction value of 241 million yuan [1] - Shanghai Rural Commercial Bank closed at 9.04, down 0.33%, with a trading volume of 147,500 shares and a transaction value of 134 million yuan [1] Group 2: Fund Flow Analysis - The rural commercial bank sector saw a net outflow of 26.19 million yuan from main funds, while speculative funds experienced a net inflow of 34.43 million yuan, and retail investors had a net outflow of 8.24 million yuan [1]

Core Insights - The rural commercial bank sector experienced a slight increase of 0.01% on November 11, with Zhangjiagang Bank leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Stock Performance - Zhangjiagang Bank (002839) closed at 4.66, up 1.08% with a trading volume of 305,100 shares and a transaction value of 1.42 billion [1] - Su Nong Bank (603323) closed at 5.36, up 0.94% with a trading volume of 200,500 shares and a transaction value of 107 million [1] - Jiangyin Bank (002807) closed at 5.05, up 0.80% with a trading volume of 394,000 shares and a transaction value of 1.98 billion [1] - Wuxi Bank (600908) closed at 6.25, up 0.64% with a trading volume of 137,500 shares and a transaction value of 85.68 million [1] - Qingnong Commercial Bank (002958) and Changshu Bank (601128) remained unchanged at 3.27 and 7.25 respectively [1] Fund Flow Analysis - The rural commercial bank sector saw a net outflow of 140 million from institutional investors, while retail investors contributed a net inflow of 79.48 million [1] - Zhangjiagang Bank had a net inflow of 6.31 million from institutional investors, but a net outflow of 4.63 million from retail investors [2] - Wuxi Bank experienced a net inflow of 2.46 million from institutional investors, with retail investors contributing a net inflow of 3.07 million [2] - Qingnong Commercial Bank faced a significant net outflow of 23.40 million from institutional investors, while retail investors contributed a net inflow of 20.09 million [2] - Yunnan Agricultural Bank (601077) had the highest net outflow of 87.93 million from institutional investors, with retail investors contributing a net inflow of 47.76 million [2]

Core Insights - The agricultural commercial bank sector experienced a rise of 0.92% on November 10, with Shanghai Agricultural Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Sector Performance - Shanghai Agricultural Commercial Bank (601825) closed at 60.6, with a gain of 2.48% and a trading volume of 291,000 shares, amounting to a transaction value of 263 million yuan [1] - Changshu Bank (601128) closed at 7.25, up 0.97%, with a trading volume of 290,900 shares and a transaction value of 210 million yuan [1] - Ruifeng Bank (601528) closed at 5.67, up 0.53%, with a trading volume of 144,300 shares and a transaction value of 81.76 million yuan [1] - Zhangjiagang Bank (002839) closed at 4.61, up 0.44%, with a trading volume of 129,300 shares and a transaction value of 135 million yuan [1] - Yuanxi Bank (600908) closed at 6.21, up 0.32%, with a trading volume of 117,800 shares and a transaction value of 72.99 million yuan [1] - Shinan Bank (603323) closed at 5.31, up 0.19%, with a trading volume of 165,600 shares and a transaction value of 87.91 million yuan [1] - Zijin Bank (601860) closed at 2.88, unchanged, with a trading volume of 366,300 shares and a transaction value of 105 million yuan [1] - Qingnong Commercial Bank (002958) closed at 3.27, unchanged, with a trading volume of 557,400 shares and a transaction value of 182 million yuan [1] - Yunnan Agricultural Commercial Bank (601077) closed at 7.00, down 0.14%, with a trading volume of 633,700 shares and a transaction value of 444 million yuan [1] - Jiangyin Bank (002807) closed at 5.01, down 0.20%, with a trading volume of 391,700 shares and a transaction value of 196 million yuan [1] Fund Flow Analysis - The agricultural commercial bank sector saw a net outflow of 210 million yuan from main funds, while retail funds experienced a net inflow of 118 million yuan [1] - The main fund flow for Shanghai Agricultural Commercial Bank was a net inflow of 9.12 million yuan, while retail funds saw a net outflow of 197,440 yuan [2] - Ruifeng Bank had a main fund net inflow of 4.43 million yuan, but retail funds experienced a net outflow of 763.71 million yuan [2] - Zhangjiagang Bank had a significant main fund net outflow of 16.33 million yuan, while retail funds saw a net inflow of 1.77 million yuan [2] - Changshu Bank experienced a main fund net outflow of 21.87 million yuan, with retail funds seeing a net inflow of 26.42 million yuan [2] - Qingnong Commercial Bank had a main fund net outflow of 32.17 million yuan, while retail funds had a net inflow of 20.39 million yuan [2] - Yunnan Agricultural Commercial Bank faced a substantial main fund net outflow of 143 million yuan, but retail funds had a net inflow of 59.38 million yuan [2]

Core Insights - The report highlights the significant growth and development of inclusive finance in China, particularly focusing on small and micro enterprises and rural areas, with a notable annual growth rate of over 20% in inclusive micro loans during the 14th Five-Year Plan period [1][2] - As of June 2025, the balance of inclusive micro loans reached 36 trillion yuan, which is 2.3 times that of the end of the 13th Five-Year Plan, with a decrease in interest rates by 2 percentage points [1][2] - The average interest rate for newly issued inclusive micro loans was 3.48% as of June 2025, reflecting a decrease of 66 basis points year-on-year [1][2] Group 1: Digital Empowerment - Digital technology has been a key driver for the development of inclusive finance, with banks utilizing big data and AI to enhance loan approval efficiency and reduce financing costs [2][7] - The market structure among banks is changing, with large commercial banks holding a 45.11% share of inclusive micro loans, while rural financial institutions have seen a decline in their market share [2][3] - The average growth rate of inclusive micro loans has been slowing down, with a decrease from 30.9% in 2020 to 12.3% by mid-2025 [2][3] Group 2: Performance of Listed Banks - Among listed banks, Agricultural Bank of China, Industrial and Commercial Bank of China, and Beijing Bank reported the highest growth rates in inclusive micro loans at 18.50%, 17.30%, and 17.27% respectively [3][4] - In contrast, some banks, including Shanghai Bank and Zhengzhou Bank, experienced negative growth rates of -3.97% and -2.06% [3][4] - The performance of different banks varies significantly, with state-owned banks generally showing stronger growth in inclusive micro loans compared to smaller banks [3][4] Group 3: Interest Rates and Risk Management - The interest rates for newly issued inclusive micro loans have decreased across various banks, with the highest rate at 4.20% and the lowest at 2.94% [7][8] - The gap in interest rates between large and small banks is narrowing, with some large banks' rates aligning closely with those of smaller banks [8][9] - The report emphasizes the importance of risk management in the inclusive finance sector, with several banks focusing on improving asset quality and managing non-performing loans [9][10]

Market Overview - On November 7, the rural commercial bank sector declined by 0.26% compared to the previous trading day, with Yunnan Rural Commercial Bank leading the decline [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Individual Stock Performance - Key stock performances in the rural commercial bank sector included: - Zijin Bank: Closed at 2.88, up 0.35% with a trading volume of 311,000 shares and a turnover of 89.53 million yuan - Hu'nong Commercial Bank: Closed at 8.87, up 0.34% with a trading volume of 203,200 shares and a turnover of 181 million yuan - Jiangyin Bank: Closed at 5.02, up 0.20% with a trading volume of 414,100 shares and a turnover of 208 million yuan - Yunnan Rural Commercial Bank: Closed at 7.01, down 1.13% with a trading volume of 566,000 shares and a turnover of 397 million yuan [1] Fund Flow Analysis - The rural commercial bank sector experienced a net outflow of 59.90 million yuan from institutional investors and 50.91 million yuan from retail investors, while there was a net inflow of 111 million yuan from individual investors [1] - Detailed fund flow for individual stocks showed: - Yunnan Rural Commercial Bank: Net outflow of 10.11 million yuan from retail investors, with a net inflow of 777.16 thousand yuan from institutional investors [2] - Jiangyin Bank: Net outflow of 560.48 thousand yuan from institutional investors, with a net inflow of 1.24 million yuan from retail investors [2] - Common trends included significant net outflows from institutional and speculative investors across various banks, while retail investors showed some net inflows in several cases [2]

Core Viewpoint - The rural commercial bank sector experienced a slight decline of 0.04% on November 6, with Jiangyin Bank leading the drop, while the overall market indices showed positive performance with the Shanghai Composite Index rising by 0.97% and the Shenzhen Component Index increasing by 1.73% [1] Market Performance - The closing prices and performance of key rural commercial banks are as follows: - Changshu Bank: Closed at 7.24, up 0.70% with a trading volume of 384,200 shares and a turnover of 277 million yuan - Sunong Bank: Closed at 5.31, up 0.38% with a trading volume of 266,900 shares and a turnover of 142 million yuan - Wuxi Bank: Closed at 6.20, up 0.16% with a trading volume of 125,900 shares and a turnover of 77.99 million yuan - Jiangyin Bank: Closed at 5.01, down 0.40% with a trading volume of 515,500 shares and a turnover of 259 million yuan [1] Fund Flow Analysis - The rural commercial bank sector saw a net outflow of 174 million yuan from main funds, while retail investors contributed a net inflow of 131 million yuan [1] - Detailed fund flow for selected banks includes: - Zijin Bank: Main fund net inflow of 4.69 million yuan, retail net outflow of 1.24 million yuan - Wuxi Bank: Main fund net inflow of 0.96 million yuan, retail net outflow of 2.41 million yuan - Jiangyin Bank: Main fund net outflow of 24.66 million yuan, retail net inflow of 29.15 million yuan [2]