证券代码：002936 证券简称：郑州银行 公告编号：2025-026 郑州银行股份有限公司 第八届董事会第二次会议决议公告 郑州银行股份有限公司（以下简称"本行"）及董事会全体成员保证公告内容的真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 一、会议召开情况 本行于 2025 年 4 月 15 日以电子邮件及书面方式向全体董事发出关于召开 第八届董事会第二次会议的通知，会议于 2025 年 4 月 29 日在郑州市商务外环路 22 号郑州银行大厦现场召开。本次会议应出席董事 9 人，实际出席 9 人，其中， 卫志刚先生、刘亚天先生以视频接入方式出席会议。本行全部监事列席会议。会 议召开符合《公司法》《深圳证券交易所股票上市规则》《香港联合交易所有限公 司证券上市规则》和《郑州银行股份有限公司章程》的规定。本次会议合法有效。 会议由董事长赵飞先生主持。 二、会议审议情况 （一）会议审议通过了《郑州银行股份有限公司 2025 年第一季度经营管理 工作报告》。 本议案同意票 9 票，反对票 0 票，弃权票 0 票。 （二）会议审议通过了《关于郑州银行股份有限公司 2025 年第一季度报告 的议案》。 本 ...

Core Insights - Zhengzhou Bank reported strong growth in core business indicators for Q1 2025, with total assets exceeding 700 billion RMB, indicating robust development resilience and high-quality growth [1][2] Financial Performance - As of the reporting period, Zhengzhou Bank's total assets reached 706.53 billion RMB, a 4.46% increase from the previous year, marking its first time surpassing the 700 billion RMB milestone [2] - Total deposits and loans amounted to 430.11 billion RMB and 400.24 billion RMB, respectively, reflecting growth rates of 6.32% and 3.24% year-on-year [2] - Operating income was 3.475 billion RMB, up 2.22% year-on-year, while net profit attributable to shareholders was 1.016 billion RMB, representing a 4.98% increase [2] Business Transformation - The bank achieved growth in assets, deposits, loans, revenue, and profit in Q1 2025, reversing a three-year decline in net profit and demonstrating strong momentum for high-quality development [2] - Personal deposits reached 243.51 billion RMB, with an impressive growth rate of 11.61%, increasing their share of total deposits to 56.6% [2] Management Efficiency - Continuous growth in operating performance reflects improved management efficiency, with the bank focusing on deepening reforms and high-quality development [3] - The bank has implemented measures to enhance resource allocation efficiency and reduce costs, including reforms in the compensation system and optimizing internal distribution structures [3] Innovation and Digital Transformation - Zhengzhou Bank is advancing its business transformation through digital innovation, focusing on retail, wealth management, and personal credit sectors [4] - The bank has initiated a digital transformation strategy, launching a smart banking layout and leveraging AI technologies for risk control and digital financial product innovation [5] Risk Management - As of the end of 2024, the bank's non-performing loan ratio stood at 1.79%, unchanged from the previous year, while the provision coverage ratio improved to 182.99%, indicating enhanced risk mitigation capabilities [6]

Financial Performance - The total operating income for Q1 2025 was RMB 3,475,467 thousand, representing a 2.22% increase compared to RMB 3,400,099 thousand in Q1 2024[5]. - The net profit attributable to shareholders for Q1 2025 was RMB 1,015,591 thousand, up 4.98% from RMB 967,445 thousand in Q1 2024[5]. - The net investment income for Q1 2025 was CNY 851,299 thousand, representing a significant increase of 197.96% compared to CNY 285,709 thousand in Q1 2024[26]. - The total profit before tax for the group was RMB 1,205,583 thousand, compared to RMB 1,153,513 thousand in the same period last year, marking a growth of about 4.5%[49]. - The net profit attributable to shareholders of the bank was RMB 1,015,591 thousand, up from RMB 967,445 thousand year-over-year, indicating an increase of approximately 5.5%[49]. Assets and Liabilities - The total assets as of March 31, 2025, reached RMB 706,530,887 thousand, reflecting a 4.46% increase from RMB 676,365,240 thousand at the end of 2024[8]. - The total liabilities increased by 4.83% to RMB 650,020,645 thousand from RMB 620,070,469 thousand at the end of 2024[8]. - The bank's total equity as of March 31, 2025, was RMB 56,510,242 thousand, compared to RMB 56,294,771 thousand at the end of 2024, reflecting a slight increase of approximately 0.4%[45]. - The total amount of loans classified into five categories as of March 31, 2025, was CNY 400,235,539 thousand, reflecting a 3.24% increase from CNY 387,690,452 thousand as of December 31, 2024[23]. - The bank's loans and advances amounted to RMB 387,532,813 thousand, an increase from RMB 376,048,659 thousand as of December 31, 2024, showing a growth of about 3.9%[41]. Cash Flow - The net cash flow from operating activities was RMB (138,256) thousand, a decline of 35.09% compared to RMB (102,343) thousand in Q1 2024[5]. - The group reported a significant increase in net cash inflow from operating activities, totaling RMB 37,018,278 thousand, compared to RMB 22,661,715 thousand in the previous year, which is an increase of approximately 63.2%[53]. - The net cash inflow from financing activities was RMB 2,558,647 thousand for the three months ended March 31, 2025, a significant increase from RMB 294,666 thousand in the same period of 2024[59]. - The group reported a net cash outflow from investment activities of RMB 5,476,423 thousand for the three months ended March 31, 2025, compared to RMB 3,534,432 thousand for the same period in 2024, representing an increase of about 55%[57]. - The total cash and cash equivalents decreased by RMB 3,056,118 thousand during the three months ended March 31, 2025, compared to a decrease of RMB 3,339,816 thousand in the same period of 2024[61]. Shareholder Information - The total number of ordinary shareholders was 107,101, with 107,052 being A-share shareholders[29]. - The top 10 shareholders held a total of 3,500,000,000 shares, with the largest shareholder being Hong Kong Central Clearing Limited, holding 2,020,295,224 H shares[31]. - The bank's equity attributable to shareholders increased to RMB 54,660,173 thousand from RMB 54,445,031 thousand, marking a growth of about 0.4%[45]. Ratios and Capital Adequacy - The weighted average return on equity (ROE) for Q1 2025 was 9.12%, an increase of 0.14 percentage points from 8.98% in Q1 2024[6]. - The capital adequacy ratio stood at 12.01% as of March 31, 2025, slightly down from 12.06% at the end of 2024[13]. - The bank's core tier 1 capital adequacy ratio slightly decreased to 8.73% as of March 31, 2025, from 8.76% at the end of 2024[24]. - The liquidity coverage ratio was 260.65%, significantly above the regulatory requirement of 100%[13]. - As of March 31, 2025, the qualified high-quality liquid assets amounted to CNY 87,477,578 thousand, with a liquidity coverage ratio of 260.65%[21]. Other Comprehensive Income - The bank's other comprehensive income showed a significant decrease, with a value of CNY (88,661) thousand compared to CNY 711,788 thousand at the end of 2024[27]. - The group experienced a decrease in other comprehensive income, with a net amount of RMB (800,449) thousand, compared to RMB 292,744 thousand in the previous year[51].

Financial Performance - For the first quarter of 2025, the operating income was CNY 3,479,102,000, representing a 2.10% increase compared to CNY 3,407,584,000 in the same period of 2024[7] - The net profit attributable to shareholders for the first quarter of 2025 was CNY 1,015,591,000, which is a 4.98% increase from CNY 967,445,000 in the first quarter of 2024[7] - The basic earnings per share for the first quarter of 2025 remained at CNY 0.11, unchanged from the same period in 2024[7] - The net profit for the three months ended March 31, 2025, was CNY 1,015,920, representing a 2.5% increase from CNY 991,224 in the previous year[42] - The pre-tax profit for the three months ended March 31, 2025, was RMB 1,205,583 thousand, compared to RMB 1,153,513 thousand for the same period in 2024, indicating an increase of 4.5%[46] Cash Flow and Liquidity - The net cash flow used in operating activities for the first quarter of 2025 was CNY (138,256,000), a 35.09% decrease compared to CNY (102,343,000) in the same period of 2024[7] - The net cash flow from operating activities for the three months ended March 31, 2025, was RMB (138,256) thousand, a slight deterioration compared to RMB (102,343) thousand in 2024[49] - The net cash flow from investing activities for the three months ended March 31, 2025, was RMB (5,476,423) thousand, compared to RMB (3,534,432) thousand in 2024, indicating an increase in cash outflow[50] - The net cash flow from financing activities for the three months ended March 31, 2025, was RMB 2,558,647 thousand, a substantial increase from RMB 294,666 thousand in 2024[50] - The liquidity coverage ratio is significantly high at 260.65% as of March 31, 2025, indicating strong liquidity position[18] Assets and Liabilities - Total assets as of March 31, 2025, were CNY 706,530,887,000, reflecting a 4.46% increase from CNY 676,365,240,000 at the end of 2024[9] - The total liabilities as of March 31, 2025, were CNY 650,020,645,000, marking a 4.83% increase from CNY 620,070,469,000 at the end of 2024[9] - The total amount of loans and advances issued was CNY 400,235,539,000, which is a 3.24% increase from CNY 387,690,452,000 at the end of 2024[9] - The total deposits received amounted to CNY 430,112,347,000, which is a 6.32% increase from CNY 404,537,898,000 at the end of 2024[9] - The total risk-weighted assets amounted to 501,936,237 RMB as of March 31, 2025, up from 498,780,953 RMB at the end of 2024[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 107,101, with 107,052 A-share shareholders and 49 H-share shareholders[28] - The largest shareholder, Hong Kong Central Clearing Limited, holds 2,020,295,224 H-shares, representing 22.22% of total shares[33] - Zhengzhou Finance Bureau holds 657,246,311 A-shares, accounting for 7.23% of total shares, with 93,278,900 shares pledged[30] - The top ten ordinary shareholders do not participate in securities lending activities during the reporting period[37] Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio as of March 31, 2025, is 8.73%, slightly down from 8.76% at the end of 2024[11] - The total capital adequacy ratio stands at 12.01% as of March 31, 2025, compared to 12.06% at the end of 2024[13] - The leverage ratio decreased to 6.93% as of March 31, 2025, from 7.19% at the end of 2024[15] - The cost-to-income ratio improved to 17.83% in Q1 2025, down from 29.00% in the same period last year[11] Investment and Income - Investment net income increased by 148.48% year-on-year to 607,554 RMB in Q1 2025, driven by higher bond investment returns[22] - The net investment income increased significantly to CNY 607,554 from CNY 244,512 year-over-year[41] - The interest income from financial investments for the three months ended March 31, 2025, was RMB (1,360,746) thousand, slightly higher than RMB (1,327,267) thousand in 2024[46] Company Initiatives - The company actively supports local economic development and small and micro enterprises through financial services and initiatives[26] - The company is focusing on technological innovation and has established four technology-focused branches in key university areas[27] - The company is enhancing its digital banking capabilities, emphasizing AI opportunities and the deployment of large models like DeepSeek[27] Other Information - The company has not disclosed any other significant matters beyond what is reported in this document[38] - The quarterly report is available on the Hong Kong Stock Exchange and the company's website[39]

Financial Performance - As of the end of 2024, the total assets of Bank of Zhengzhou reached RMB 676.365 billion, an increase of 7.24% compared to the previous year[12]. - Total deposits amounted to RMB 404.538 billion, reflecting a growth of 12.07% year-on-year[12]. - Total loans reached RMB 387.690 billion, with a year-on-year increase of 7.51%[12]. - Operating income for the year was RMB 12.890 billion, while net profit was RMB 1.863 billion, representing a year-on-year growth of 0.21%[12]. - Operating revenue for 2024 was RMB 12,890,323, a decrease of 5.91% compared to RMB 13,699,410 in 2023[23]. - Net profit attributable to shareholders for 2024 was RMB 1,875,762, reflecting a 1.39% increase from RMB 1,850,117 in 2023[23]. - The net cash flow from operating activities surged to RMB 8,765,356, a significant increase of 431.85% from RMB 1,648,102 in 2023[23]. - Non-interest income increased by 28.88% to RMB 2.526 billion[48]. - The company achieved net interest income of RMB 10.36 billion, a decrease of RMB 1.37 billion or 11.71% year-on-year, accounting for 80.41% of operating income[49]. - The net trading income for 2024 reached RMB 1,054,470 thousand, a 34.89% increase from RMB 781,745 thousand in 2023[161]. - The net investment income surged by 84.81% to RMB 912,723 thousand in 2024 from RMB 493,881 thousand in 2023[161]. Asset Quality and Risk Management - The non-performing loan ratio stood at 1.79%, with a provision coverage ratio of 182.99%[12]. - The non-performing loan ratio improved to 1.79%, down from 1.87% in 2023[26]. - The company aims to enhance risk management efficiency and prevention capabilities through the upgrade of market risk and operational risk management systems[15]. - The company provided a total of RMB 5.14 billion in loan loss provisions during the reporting period, with a remaining balance of RMB 12.67 billion in loan loss provisions at the end of the period[144]. - The total amount of overdue loans increased by RMB 4.71 billion compared to the previous year, indicating a growing concern regarding loan repayment[141]. - The non-performing loan ratio for corporate loans (excluding bill discounting) is 2.05%, down 0.04 percentage points year-on-year, while the personal loan non-performing loan ratio is 1.56%, down 0.16 percentage points year-on-year[130]. Strategic Focus and Development - The management emphasizes a commitment to high-quality development and reform in response to various internal and external challenges[12]. - The company is focused on implementing the new development philosophy and advancing financial development with Chinese characteristics[12]. - The report highlights the importance of aligning with the goals of the 14th Five-Year Plan and the spirit of the 20th National Congress of the Communist Party[12]. - The company aims to enhance its service to the local economy and small and medium-sized enterprises, focusing on policy-oriented financial services[38]. - The company is committed to serving the local economy and small and medium-sized enterprises, focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance[13]. - The company is enhancing its capital management to meet regulatory requirements and ensure capital levels align with risk management[180]. Community and Social Responsibility - The company has established 400 community volunteer service stations and 23 inclusive finance service ports, covering 2,363 villages and towns[14]. - The company has been recognized with the "Support for Small and Micro Enterprises Model Award" by the Henan Provincial Science and Technology Department[13]. - The company aims to enhance its service capabilities in the technology innovation sector, focusing on local economic integration[42]. Capital Management and Regulatory Compliance - The company is implementing the "Commercial Bank Capital Management Measures" and has completed regulatory reporting under new regulations[181]. - The company is conducting a comprehensive assessment of risk status and developing a capital plan for 2024-2026, considering asset quality and profit growth[183]. - The core tier 1 capital adequacy ratio decreased to 8.76% as of December 31, 2024, from 8.90% at the end of 2023[184]. - The total capital adequacy ratio decreased to 12.06% as of December 31, 2024, compared to 12.38% at the end of 2023[184]. Loan and Deposit Growth - The total amount of loans and advances was RMB 387.69 billion, up RMB 27.08 billion or 7.51% year-on-year[95]. - Total personal deposits reached RMB 218.18 billion, an increase of 29.37% compared to the end of the previous year[195]. - The balance of inclusive small and micro loans was RMB 53.69 billion, up 7.46% from the previous year, exceeding the general loan growth rate by 0.61 percentage points[200]. - The "House e-loan" product issued RMB 18.03 billion in loans, with a new issuance of RMB 3.81 billion[198].

Group 1 - Since April, 9 bank stocks have reached historical highs, indicating a sustained increase in industry interest [1][2] - In Q4 2024, bank performance has significantly improved, with many banks reporting positive results in Q1 of this year [1][5] - The total cash dividends for the banking sector are expected to reach a new high, with 12 bank stocks each exceeding 10 billion yuan in annual dividends [1][7] Group 2 - On April 24, the banking index closed up 1.16%, with major banks like Bank of China, Agricultural Bank of China, and Industrial and Commercial Bank of China hitting record highs [2] - The stock prices of major banks have steadily increased this year, with Shanghai Bank showing a year-to-date increase of 15.52% [2] - The banking sector is favored as a low-valuation, high-dividend defensive asset amid ongoing market fluctuations [3] Group 3 - Over 90% of the 36 bank stocks that have released their 2024 annual reports or performance forecasts reported year-on-year profit growth [5] - Shanghai Pudong Development Bank reported the highest year-on-year profit growth at 23.31%, driven by rapid credit growth and improved asset quality [5] - The total net profit of the disclosed bank stocks in Q4 2024 exceeded 480 billion yuan, marking a 5.66% increase from the previous year [5] Group 4 - Five bank stocks have released Q1 2025 performance reports, with several banks reporting year-on-year profit growth [6] - Major banks have indicated ongoing improvements in their asset-liability structures and operational efficiency [6] Group 5 - As of April 24, 29 bank stocks have announced dividend plans, with a total cash dividend amounting to 357.84 billion yuan [7] - The cumulative cash dividends for the banking sector in 2024 have reached 616.13 billion yuan, surpassing the previous year's total [8] - Industrial and Commercial Bank of China announced a cash dividend of 1.646 yuan per 10 shares, totaling 58.66 billion yuan, marking a continuous growth for nine years [8]

Core Viewpoint - The article discusses the commencement of the bank dividend season in China, highlighting the significant cash dividends announced by various banks, particularly state-owned banks, and the trends in dividend distribution for 2024. Group 1: Dividend Announcements - Starting from this week, the bank dividend season officially begins, with China Bank announcing a cash dividend of 0.1216 yuan per share for the year-end of 2024 [2] - As of April 23, 36 banks have disclosed their dividend plans, with a total dividend amount of 616.26 billion yuan, including over 230 billion yuan in interim dividends from the previous year [3][8] - China Bank's annual dividend distribution is notably earlier than in previous years, which typically occurred between June and July [5] Group 2: Dividend Distribution Details - According to the distribution plan, China Bank will distribute a total cash dividend of 35.798 billion yuan based on its total ordinary share capital of 29.4388 billion shares, with A-shares accounting for 25.629 billion yuan of this total [6][7] - The total cash dividend for the year 2024, including interim dividends, amounts to 0.2424 yuan per share, totaling approximately 71.36 billion yuan [7] Group 3: Performance of Major Banks - The six major state-owned banks have collectively announced dividends exceeding 420 billion yuan, with all six banks increasing their dividend amounts compared to the previous year, totaling nearly 100 billion yuan more [8][9] - The total dividend amount for the six major banks accounts for over 70% of the entire banking sector's dividend total, indicating their strong profitability and dividend capacity [9] Group 4: Dividend Yields and Trends - Industrial and Commercial Bank of China leads with a dividend amount of 109.773 billion yuan, followed by China Construction Bank with 100.754 billion yuan, and Agricultural Bank of China and China Bank with 84.661 billion yuan and 71.36 billion yuan, respectively [9][10] - The average dividend payout ratio for state-owned banks remains stable at 30% or higher, with an increasing trend in dividend frequency to twice a year [9][11] Group 5: Individual Bank Strategies - China Merchants Bank plans to initiate interim dividends for 2025, marking its first such distribution, with a cash dividend ratio of 35.3% last year [10] - Other banks, such as Industrial Bank and Huaxia Bank, have also committed to maintaining or increasing their dividend payout ratios above 30% [11][15] - Zhejiang Merchants Bank's cash dividend for 2024 is 4.284 billion yuan, maintaining a payout ratio above 30%, although slightly lower than previous years [13] Group 6: Overall Market Sentiment - The trend of increasing dividends is seen as a way to enhance investor confidence and stabilize stock prices, with analysts emphasizing the importance of sustainable dividend policies based on solid operational performance [16]

Group 1 - The banking sector has seen 9 stocks reach historical highs this month, including major state-owned banks like ICBC, ABC, and CCB, with significant year-to-date gains [2][4] - The banking sector index rose by 1.16% on April 24, outperforming the market, with notable increases in stock prices for major banks [2][3] - The overall performance of the banking sector improved significantly in Q4 of the previous year, with 33 out of 36 banks reporting year-on-year profit growth [4][5] Group 2 - The total cash dividends announced by banks for 2024 have reached a record high of 6,161.26 billion yuan, surpassing the previous year's total [6][7] - Major banks like ICBC, CCB, and ABC have declared dividends exceeding 500 billion yuan, contributing to the sector's reputation for high dividends [6][7] - Ningbo Bank reported the highest year-on-year increase in dividends at 50%, indicating a strong commitment to shareholder returns [7]

根据统计，截至4月23日，已经有36家银行披露了分红计划，分红总额为6161.26亿元，这其中包括去年 超2300亿元的中期分红。 分红大户 从本周开始银行分红季正式开启。4月20日，中国银行发布公告显示，中国银行A股每股派发2024年末 期现金红利0.1216元（税前，下同），股权登记日为4月24日，除权（息）日为4月25日，现金红利发放 日为4月25日。 华福证券分析称，观察近3年不同类型上市银行现金分红情况，国有大行保持稳定的高现金分红比例， 近3年现金分红比例均超30%；股份制商业银行近3年平均现金分红比例逐年提升，2023年达到29.4%； 城商行近3年平均现金分红比例有所下滑，2023年平均现金分红比例为24.8%；农商行现金分红比例为 各类银行中最低，2023年平均现金分红比例为22%。 值得注意的是，中国银行此次年度分红落地明显早于往年。数据显示，中国银行自2006年在A股上市以 来，年度分红派息时间均在6月至7月。 根据分配方案，中国银行2024年末期利润分配以方案实施前的该行普通股总股本2943.88亿股为基数， 每股派发现金红利0.1216元，共计派发现金红利357.98亿元。其中，A股 ...

Core Insights - In 2024, 14 out of 17 A-share listed city commercial banks have reported their financial results, with 13 showing positive revenue growth, while only Zhengzhou Bank experienced a decline [1][2][4] - Beijing Bank fell to third place in net profit rankings, overtaken by Ningbo Bank, with a slight increase of 0.81% year-on-year [1][5][6] - Asset quality improved for 10 banks, with a decrease in non-performing loan (NPL) ratios, while Zhengzhou Bank had the highest NPL ratio at 1.79% [1][7][10] Revenue Performance - Jiangsu Bank led with a revenue of 808.15 billion yuan, followed by Beijing Bank and Ningbo Bank, both exceeding 600 billion yuan [3][4] - Zhengzhou Bank reported a revenue decline of 5.78%, dropping to the 11th position among the banks [2][4] - Nanjing Bank showed strong performance with a revenue increase of 11.32%, reaching 502.73 billion yuan [4] Net Profit Analysis - The top three banks in net profit were Jiangsu Bank (318.43 billion yuan), Ningbo Bank (271.27 billion yuan), and Beijing Bank (258.31 billion yuan) [5][6] - Beijing Bank's net profit growth was the lowest in four years, while Qingdao Bank, Hangzhou Bank, and Qilu Bank reported significant growth rates exceeding 17% [6] Asset Quality Metrics - Ten banks reported a decrease in NPL ratios, with Zhengzhou Bank having the highest at 1.79% [8][10] - The provision coverage ratios for all banks were above the regulatory minimum of 150%, with Hangzhou Bank leading at 541.45% [11][12] Asset Growth - Total assets for the 14 banks showed positive growth, with Jiangsu Bank, Suzhou Bank, and Ningbo Bank exceeding 15% growth [13][15] - Beijing Bank maintained the largest asset size at over 4.2 trillion yuan, while Xiamen Bank had the smallest at 407.83 billion yuan [15][16] Strategic Insights - Banks are focusing on regional advantages and optimizing their business strategies to enhance competitiveness [16][17] - Nanjing Bank aims for high-quality development and value creation, while Hangzhou Bank emphasizes regional marketing strategies [17]