Market Overview - The city commercial bank sector experienced a decline of 0.92% on August 29, with Suzhou Bank leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Individual Stock Performance - Xi'an Bank saw a significant increase of 10.00%, closing at 4.18, with a trading volume of 1.51 million shares and a transaction value of 623 million yuan [1] - Qingdao Bank and Xiamen Bank also reported slight increases of 1.03% and 0.75%, respectively [1] - Conversely, Suzhou Bank experienced a decline of 2.40%, closing at 8.12, with a trading volume of 744,000 shares and a transaction value of 612 million yuan [2] Capital Flow Analysis - The city commercial bank sector had a net outflow of 1.793 billion yuan from institutional investors, while retail investors saw a net inflow of 913 million yuan [2] - The capital flow data indicates that retail investors are showing interest in the sector despite the overall decline [2] Detailed Capital Flow by Stock - Xi'an Bank had a net inflow of 99.76 million yuan from institutional investors, while it faced a net outflow of 42.89 million yuan from retail investors [3] - Hangzhou Bank also saw a net inflow of 61.29 million yuan from institutional investors, but retail investors withdrew 35.94 million yuan [3] - In contrast, Qilu Bank experienced a significant net outflow of 62.93 million yuan from institutional investors, while retail investors had a net inflow of 35.68 million yuan [3]

Core Viewpoint - Zhengzhou Bank has achieved simultaneous growth in scale and quality in the first half of 2025, marking the second consecutive financial reporting period of revenue and profit growth [1]. Financial Performance - As of June 30, 2025, Zhengzhou Bank's total assets reached 719.738 billion yuan, a year-on-year increase of 11.47% [1]. - The bank reported operating income of 6.690 billion yuan, up 4.64% year-on-year, and a net profit attributable to shareholders of 1.627 billion yuan, reflecting a 2.1% increase [1]. - The bank's personal deposit balance reached 258.098 billion yuan, with a year-on-year growth of 29.35%, marking a historical high [1]. Growth in Assets and Loans - Zhengzhou Bank's total assets surpassed 700 billion yuan in the first quarter of 2025, achieving a significant growth cycle of 100 billion yuan in just two years [3]. - As of June 30, 2025, the total amount of loans and advances was 406.094 billion yuan, an increase of 18.404 billion yuan, representing a growth rate of 4.75% [3]. Investment Income and Cost Management - The bank achieved an investment income of 1.229 billion yuan, a remarkable year-on-year increase of 111.10% [5]. - Business and management expenses were reduced to 1.468 billion yuan, a decrease of 1.07 billion yuan, reflecting a decline of 6.82% [5]. Risk Management - As of June 30, 2025, the non-performing loan balance was 7.165 billion yuan, with a non-performing loan ratio of 1.76%, down 0.11 percentage points year-on-year [7]. - The bank's provision coverage ratio stood at 179.20%, with a capital adequacy ratio of 11.85% [7]. Retail Business Development - Zhengzhou Bank's retail business generated an income of 1.236 billion yuan, a historical high with a year-on-year growth of 3.56% [10]. - Personal consumption loan balance reached 20.695 billion yuan, with a year-on-year increase of 20.72% and a non-performing loan ratio of 0.67%, significantly lower than the industry average [10]. Future Outlook - The bank aims to strengthen its capital base through internal accumulation and timely external capital supplementation to better serve the real economy [8].

Core Insights - Zhengzhou Bank reported a strong performance in the first half of 2025, achieving simultaneous growth in both revenue and profit for the second consecutive financial quarter [1][2] - The bank's total assets reached RMB 719.738 billion, a year-on-year increase of 11.47%, with operating income of RMB 6.690 billion, up 4.64%, and net profit attributable to shareholders of RMB 1.627 billion, growing by 2.1% [1] Financial Performance - As of June 30, 2025, Zhengzhou Bank's total deposits amounted to RMB 446.662 billion, an increase of RMB 60.3 billion or 15.61% year-on-year, outpacing the provincial growth rate by 6.41 percentage points [1] - Personal deposits saw significant growth, reaching RMB 258.098 billion, up RMB 39.918 billion from the end of the previous year, marking an 18.3% increase, positioning the bank among the leaders in the domestic city commercial bank sector [1] Investment and Revenue Growth - Despite a narrowing net interest margin, the bank optimized its investment portfolio, achieving investment income of RMB 1.229 billion, a remarkable year-on-year growth of 111.10% [2] - The bank's retail business revenue reached RMB 1.236 billion, the highest for the same period, reflecting a 3.56% increase compared to the previous year [2] Retail Strategy and Services - Zhengzhou Bank has successfully deepened its retail transformation strategy, focusing on citizen and rural finance, and has developed four key service areas: "Citizen Manager," "Financing Manager," "Wealth Manager," and "Rural Manager" [2] - The bank's inclusive finance initiatives are evident, with a balance of inclusive micro-loans reaching RMB 52.578 billion and a customer base of 70,839 clients with outstanding loans [2]

Core Viewpoint - Zhengzhou Bank has achieved simultaneous growth in scale and quality, with revenue and profit increasing for the second consecutive financial quarter, reflecting its commitment to serving the local economy and small and medium-sized enterprises [2][4]. Group 1: Steady Growth in Scale - As of June 30, 2025, Zhengzhou Bank's total assets reached 719.738 billion yuan, a year-on-year increase of 11.47%, marking the highest growth rate since 2018 [2][4]. - The bank's loan and advance total reached 406.094 billion yuan, with a year-on-year increase of 4.75%, driven by both corporate and retail lending [4]. Group 2: Continuous Improvement in Efficiency - Zhengzhou Bank's investment income reached 1.229 billion yuan, a year-on-year increase of 111.10%, indicating successful diversification in its business operations [6]. - The bank reduced its business and management expenses to 1.468 billion yuan, a decrease of 6.82% year-on-year, achieved through various efficiency-enhancing measures [6]. Group 3: Effective Risk Management - As of June 30, 2025, Zhengzhou Bank's non-performing loan balance was 7.165 billion yuan, with a non-performing loan ratio of 1.76%, down 0.11 percentage points from the previous year [8]. - The bank's provision coverage ratio stood at 179.20%, demonstrating strong risk resistance capabilities [8]. Group 4: Retail Business Development - Zhengzhou Bank's retail business generated 1.236 billion yuan in revenue, a historical high with a year-on-year growth of 3.56% [10]. - Personal deposit balances reached 258.098 billion yuan, with an increase of 39.918 billion yuan, reflecting an 18.3% growth rate [10].

Core Viewpoint - Insurance capital has shown a sustained enthusiasm for increasing holdings in bank stocks since 2025, with notable examples including Su Nong Bank and Wuxi Bank, indicating a trend of insurance companies focusing on regional banks [1][5][14]. Group 1: Insurance Capital Involvement - Hongkang Life Insurance has become one of the top ten shareholders of Su Nong Bank, holding over 100 million shares, which is approximately 4.95% of the total shares, nearing the threshold for a significant stake [1][2]. - In 2023 and 2024, Wuxi Bank was also a target for insurance capital, with Changcheng Life Insurance increasing its stake to 4.95% by the end of 2023 [6][7]. - In 2025, Hongkang Life has been actively increasing its stake in Zhengzhou Bank, with its holdings exceeding 20% after multiple rounds of purchases [9][10]. Group 2: Financial Performance of Su Nong Bank - For the first half of 2025, Su Nong Bank reported a slight revenue increase, achieving an operating income of 2.28 billion yuan, a year-on-year growth of 0.21%, and a net profit of 1.178 billion yuan, up 5.23% [8]. - As of June 30, 2025, Su Nong Bank's total assets reached 223.249 billion yuan, reflecting a growth of 4.33% since the beginning of the year, with a non-performing loan ratio stable at 0.90% [8]. - The bank's mid-year profit distribution plan includes a cash dividend of 0.09 yuan per share, totaling approximately 182 million yuan, which represents 15.42% of the net profit attributable to shareholders [8]. Group 3: Market Trends and Valuation - The banking sector has become a popular investment target for capital markets, particularly for insurance capital, due to its high dividend yield and stable operational characteristics [14][15]. - As of August 26, 2025, the banking sector's dividend yield was 3.69%, making it an attractive investment compared to other high-dividend sectors [15]. - The implementation of new accounting standards allows insurance funds to account for profits when they acquire bank stocks above certain thresholds, further incentivizing investments in undervalued bank stocks [16].

Core Viewpoint - Zhengzhou Bank has achieved simultaneous growth in scale and quality in the first half of 2025, with revenue and profit increasing for the second consecutive reporting period, reflecting its commitment to serving the local economy and small and medium-sized enterprises [1] Group 1: Financial Performance - As of June 30, 2025, Zhengzhou Bank's total assets reached 719.738 billion yuan, a year-on-year increase of 11.47%, with operating income of 6.690 billion yuan, up 4.64% year-on-year, and net profit attributable to shareholders of 1.627 billion yuan, an increase of 2.1% [1] - The bank's asset scale has steadily grown, crossing the 500 billion yuan mark at the end of 2019, surpassing 600 billion yuan in Q1 2023, and reaching 700 billion yuan in Q1 2025, indicating a significant acceleration in growth [2] Group 2: Loan and Credit Management - By the end of June, the total amount of loans and advances issued by Zhengzhou Bank was 406.094 billion yuan, an increase of 18.404 billion yuan, with a growth rate of 4.75% [3] - The bank has adopted a "one enterprise, one policy" approach to provide support to struggling enterprises, demonstrating its commitment to precise resource allocation [3] Group 3: Operational Efficiency - Zhengzhou Bank has improved operational efficiency through reforms and management optimization, achieving an investment income of 1.229 billion yuan, a year-on-year increase of 111.10% [4] - The bank has reduced business and management expenses to 1.468 billion yuan, a decrease of 1.07 billion yuan, representing a decline of 6.82% [4] Group 4: Risk Management - The bank has maintained a stable asset quality, with non-performing loans amounting to 7.165 billion yuan and a non-performing loan ratio of 1.76%, down 0.11 percentage points year-on-year [5] - Key risk management indicators, including a provision coverage ratio of 179.20% and a capital adequacy ratio of 11.85%, demonstrate the bank's strong risk resilience [5] Group 5: Retail Banking Strategy - Zhengzhou Bank's retail business generated an income of 1.236 billion yuan, a historical high with a year-on-year growth of 3.56% [6] - Personal deposits surged to 258.098 billion yuan, an increase of 39.918 billion yuan, with a growth rate of 18.3%, enhancing the bank's liability structure [6] Group 6: Consumer Loan Growth - The bank's personal consumer loan balance reached 20.695 billion yuan, an increase of 3.55 billion yuan, with a growth rate of 20.72%, while maintaining a non-performing loan ratio of 0.67% [7] - The bank's focus on optimizing its core product "Zheng e-loan (consumption)" has effectively met various financing needs of residents [7]

资产质量方面，截至报告期末，不良贷款率为1.76%，较上年末下降0.03个百分点；拨备覆盖率为 179.20%，较上年末降低3.79个百分点。 经济观察网 8月28日，郑州银行发布2025年中期业绩报告。报告期内，该行实现营业收入人民币66.90亿 元，较上年同期增加2.97亿元，增幅4.64%；实现净利润人民币16.66亿元，较上年同期增加0.17亿元， 增幅1.05%。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Bank of Zhengzhou Co., Ltd.* 鄭州銀行股份有限公司 * （於中華人民共和國註冊成立的股份有限公司） （H股股份代號：6196） 海外監管公告 本 公 告 由 鄭 州 銀 行 股 份 有 限 公 司（「本 行」）根 據 香 港 聯 合 交 易 所 有 限 公 司證券上市規則第13.10B條 作 出。 以 下 為 本 行 於 深 圳 證 券 交 易 所 網 站 發 佈 之《鄭 州 銀 行 股 份 有 限 公 司 第 八 屆 董 事 會 第 三 次 會 議 決 議 公 告》《鄭 州 銀 行 股 份 有 限 公 司 第 八 屆 監 事 會 第 三 次 會 議 決 議 公 告》《鄭 州 銀 行 股 份 ...

Core Insights - Zhengzhou Bank reported a revenue of 6.689 billion yuan for the first half of 2025, representing a year-on-year growth of 4.64% [1] - The net profit attributable to shareholders reached 1.627 billion yuan, with a year-on-year increase of 2.1% [1] - As of the end of June, the total assets of the bank amounted to 719.738 billion yuan, reflecting a growth of 6.41% compared to the end of the previous year [1] - The non-performing loan ratio stood at 1.76%, a decrease of 0.03 percentage points from the end of the previous year [1]

郑州银行（002936）(06196)公布2025年中期业绩，营业收入约66.97亿元，同比增长4.56%;归属于该行 股东的净利润约16.27亿元，同比增长2.1%;基本每股收益0.18元。 ...