Investment Rating - The report maintains a "Buy" rating for Qingdao Bank (stock code: 002948) [1] Core Views - Qingdao Bank shows steady improvement in revenue growth and a rebound in net interest margin, with a revenue increase of 8.22% year-on-year in 2024 and a net profit growth of 20.16% [4] - The bank's strategy focuses on structural adjustments, enhancing customer base, optimizing collaboration, and improving capabilities, which supports its stable expansion and solid asset quality [4] Summary by Sections Revenue and Profitability - In 2024, Qingdao Bank's revenue grew by 8.22% year-on-year, while net profit increased by 20.16%. The weighted average ROE was 11.51%, up by 0.8 percentage points [4] - For Q4 2024, revenue and net profit grew by 8.5% and 44.53% year-on-year, respectively, driven by high growth in net interest income and other non-interest income [4] - In Q1 2025, revenue rose by 9.69% year-on-year, with net profit increasing by 16.42% [4] Net Interest Income and Margin - In 2024, net interest income increased by 6.38% year-on-year, with a notable growth of 11.97% in Q1 2025. The net interest margin for 2024 was 1.73%, down by 10 basis points year-on-year, but showed a rebound in Q1 2025 due to effective cost optimization [4] Loan and Deposit Growth - Total loans grew by 13.53% year-on-year in 2024, with corporate loans contributing significantly at 18.71% growth. Retail loan growth showed signs of recovery, with a 1.56% increase in Q1 2025 compared to the beginning of the year [4] - Total deposits increased by 12.13% year-on-year in 2024, with personal deposits growing by 16.64% [4] Non-Interest Income and Investment Gains - Non-interest income rose by 13.58% year-on-year in 2024, although intermediary income faced pressure, declining by 6.39% [4] - Investment income saw significant growth, with increases of 33.28% in 2024 and 188.64% in Q1 2025 [4] Asset Quality - The bank's non-performing loan ratio was 1.14% at the end of 2024, down by 4 basis points year-on-year, while the coverage ratio improved to 251.49% [4] - Retail loan risks increased slightly, with the non-performing loan ratio rising to 2.02% [4] Financial Projections - The report forecasts revenue growth rates of 8.22% for 2024 and 8.19% for 2025, with net profit growth rates of 20.16% and 15.10% respectively [42]

在金融行业数字化转型深入推进的关键阶段，青岛银行紧扣时代脉搏，以技术创新为核心引擎，全力推 动金融服务模式的革新与升级。近日，青岛银行远程柜台二期项目正式上线，除了新增8项业务新功能 外，还创新推出'自助办+远程办'双引擎模式，深度融合数智化技术与多元化应用场景，打造出渠道多 元、人机协同、安全可靠的远程金融服务体系。这一服务体系不仅为客户带来了更加便捷、高效的全新 体验，更为青岛银行的高质量发展注入了强劲动力。双擎驱动，构筑一站式服务体验 青岛银行远程柜台二期创新性地推出"自助办+远程办"双引擎模式，搭建起覆盖广泛的线上业务办理平 台。该平台涵盖19项高频非现金业务，包括正式挂失、挂失补卡、借记卡激活、借记卡销户及解除账户 限制等核心服务，突破传统线下网点服务边界，将原本必须临柜办理的金融业务延伸至线上渠道。截至 4月底，远程柜台已累计协助客户办理业务超过18.5万次，平均处理时长仅2分钟，大幅提升了业务效 率，有效缓解了客户"跑网点、排长队"的痛点。 以借记卡挂失补卡为例，客户只需在线提交申请，通过视频连线完成身份核验后，新卡即可直接邮寄到 家，卡片激活亦可在线完成。这一全流程无需往返网点的服务模式，真正 ...

青岛银行股份有限公司 2024年度股东大会 会议文件 （A 股证券代码：002948） 2025 年 5 月 28 日 会议议程 会 议 议 程 现场会议时间：2025 年 5 月 28 日（星期三）上午 9:00 开 始 现场会议地点：青岛市崂山区秦岭路 6 号青岛银行总行 会议议程： 一、主持人宣布现场会议开始 二、主持人介绍现场股东出席情况 三、报告并审议会议议案 四、现场股东提问交流 五、对审议事项进行现场投票表决 六、宣布会议结束 会议文件列表 会议文件列表 普通决议案 一、审议事项 议案 1.青岛银行股份有限公司 2024 年度董事会工作报告 议案 2.青岛银行股份有限公司 2024 年度监事会工作报告 议案 3.青岛银行股份有限公司 2024 年度财务决算报告 议案 4.青岛银行股份有限公司 2024 年度利润分配方案 议案 5.青岛银行股份有限公司关于选聘 2025 年度会计师 事务所的议案 议案 6.关于青岛银行股份有限公司 2025 年日常关联交易 预计额度的议案 议案 7.青岛银行股份有限公司 2024 年度关联交易专项报 告 议案 8.关于青岛银行股份有限公司 2024 年-2026 ...

证券代码：002948 证券简称：青岛银行 公告编号：2025-017 青岛银行股份有限公司 关于召开 2024 年度股东大会的通知 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述 或者重大遗漏。 青岛银行股份有限公司（以下简称"本行"）2024年度股东大会（以下简称"本次 股东大会"）定于2025年5月28日召开，会议有关事项通知如下： （二）股东大会的召集人：本行董事会，本行第九届董事会第十次会议审议通 过了关于召开青岛银行股份有限公司2024年度股东大会的议案。 （三）会议召开的合法、合规性：本次股东大会的召开符合有关法律、行政法 规、部门规章、规范性文件、深圳证券交易所业务规则和公司章程等的规定。 （四）会议召开的日期、时间 1.现场会议：2025年5月28日（星期三）上午9:00开始 2.网络投票：通过深圳证券交易所交易系统进行网络投票的时间为2025年5月28 日9:15-9:25，9:30-11:30和13:00-15:00；通过互联网投票系统投票的时间为2025年5 月28日9:15-15:00。 （五）会议的召开方式：本次股东大会采取现场表决与网络投票相结合的方 ...

青岛银行股份有限公司 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈 述或者重大遗漏。 境内同步披露公告 青岛银行股份有限公司根据《香港联合交易所有限公司证券上市规则》规定， 已在香港联合交易所有限公司披露易网站（https://www.hkexnews.hk/）披露后附 公告。 根据《深圳证券交易所股票上市规则》关于上市公司在境内外证券交易所同 步披露公告的规定，特将该公告在深圳证券交易所网站（http://www.szse.cn/）同 步披露，供参阅。 特此公告。 青岛银行股份有限公司董事会 2025 年 5 月 6 日 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年4月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 青島銀行股份有限公司 呈交日期: 2025年5月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | ...

Investment Rating - The investment rating for Qingdao Bank is "Buy" and is maintained [9]. Core Views - The report indicates that Qingdao Bank's Q1 2025 revenue growth was 9.7%, with a net profit growth of 16.4%. The net interest income grew by 12.0%, driven by a strong rebound in interest margins. Non-interest income also saw a year-on-year increase of 5.6% despite adverse effects from the bond market adjustment [2][6]. - The bank's asset quality is on a continuous improvement trajectory, with a non-performing loan ratio decreasing to 1.13% and a provision coverage ratio rising to 251% by the end of Q1 [2][6]. Summary by Sections Performance - In Q1 2025, Qingdao Bank achieved a revenue growth of 9.7% and a net profit growth of 16.4%. The net interest income increased by 12.0%, primarily due to a strong recovery in interest margins. Non-interest income grew by 5.6% year-on-year, with investment income and fair value changes rising by 19.3% [2][11]. Scale - By the end of Q1, total assets grew by 3.4%, loans by 5.4%, and deposits by 3.9% compared to the beginning of the year. The bank focused on optimizing the structure of assets and liabilities, increasing the proportion of high-yield assets and low-cost liabilities [11][12]. Interest Margin - The net interest margin exceeded expectations, rising by 4 basis points to 1.77% compared to the full year of 2024. The cost of interest-bearing liabilities decreased significantly, contributing to the acceleration of net interest income growth [11][12]. Asset Quality - The bank's asset quality indicators are improving, with the non-performing loan ratio declining and the provision coverage ratio reaching a new high since its listing. The net generation rate of non-performing loans has decreased to 0.52%, indicating strong performance relative to the industry [11][12]. Investment Recommendation - The report suggests that the market has not fully recognized the ongoing improvement in Qingdao Bank's quality and efficiency. The bank is expected to maintain a high growth rate in earnings, supported by optimized asset-liability structures and continuous risk improvement. The current A-share PB valuation is only 0.64x, indicating it is undervalued compared to other quality city commercial banks [11][12].

Investment Rating - The investment rating for Qingdao Bank is "Buy" [1][4] Core Views - Qingdao Bank's performance is strong, with a focus on supporting loans in private, manufacturing, and green sectors, while improving asset quality and capital [3][4] - The bank's net interest margin has increased, and revenue growth has outpaced previous years, indicating effective management strategies [3][4] - The bank's non-performing loan ratio has decreased, reflecting improved asset quality and risk management [3][4] Summary by Sections Financial Performance - In Q1 2025, Qingdao Bank achieved operating income of 4.047 billion yuan, a year-on-year increase of 9.69%, and a net profit attributable to shareholders of 1.258 billion yuan, up 16.42% [2][3] - The total assets of Qingdao Bank exceeded 700 billion yuan, growing by 14.46% year-on-year, with total loans reaching 359.1 billion yuan, an increase of 13.27% [3] - The bank's net interest margin was reported at 1.77%, an increase of 3 basis points from the previous year [3] Asset Quality - As of Q1 2025, the non-performing loan ratio was 1.13%, down 1 basis point from the end of 2024, continuing a downward trend [3] - The provision coverage ratio improved to 251.39%, an increase of 10.17 percentage points from the previous year [3] Capital Adequacy - As of Q1 2025, the core Tier 1 capital adequacy ratio was 8.96%, with Tier 1 and total capital adequacy ratios at 10.46% and 13.51%, respectively [3]

Core Insights - Qingdao Bank's total assets have surpassed 700 billion yuan for the first time, reflecting its commitment to serving the local real economy [1] - The bank's corporate loans reached 279.56 billion yuan, marking a 6.56% increase from the beginning of the year [1] - Qingdao Bank has implemented a regional development strategy, focusing on localized decision-making and specialized services to support high-quality economic development [1] Talent Advantage and Support for Local Tech Enterprises - Qingdao Bank is actively promoting its "Five Major Articles" and conducting differentiated operations around "Eight Major Tracks" to support tech enterprises [2] - The bank has developed a "Qingyin Technology - Accompanying Growth" service system to address the financing challenges faced by light-asset, high-risk tech companies [2] - Qingdao Bank provided an 8 million yuan "Talent Loan" to Huasaiberman Medical Cell Biology Co., alleviating its financial pressures during its early stages [4] Support for Manufacturing and Livestock Industries - Qingdao Bank has established a unique financing solution for the livestock industry by creating a live livestock asset identification system, facilitating a loan of 288 million yuan for Qingdao Longming Cattle Industry [10][11] - The bank's support for the manufacturing sector includes a 200 million yuan credit approval for Beiqi Industrial Co., enabling the expansion of its production capacity [12] Customized Financial Services for Tourism Industry - Qingdao Bank has tailored financial services for the tourism industry, collaborating with local businesses like Pusu Hotel Management to provide flexible and efficient financial solutions [8] - The bank's customized financial plans have effectively supported the growth of the local tourism sector, particularly in managing cash flow during peak and off-peak seasons [8]

Financial Performance - Total operating income for Q1 2025 reached RMB 4,046,601 thousand, an increase of 9.69% compared to RMB 3,689,255 thousand in Q1 2024[5] - Net profit attributable to shareholders of the parent company was RMB 1,258,058 thousand, reflecting a growth of 16.42% from RMB 1,080,635 thousand in the same period last year[5] - Basic earnings per share increased to RMB 0.22, up 15.79% from RMB 0.19 in Q1 2024[5] - The bank's total profit for the three months ended March 31, 2025, was RMB 1,397,356 thousand, up from RMB 1,307,392 thousand in the previous year, reflecting a growth of 6.9%[55] - The bank's operating income for the three months ended March 31, 2025, was RMB 1,399,311 thousand, compared to RMB 1,308,469 thousand in the same period of 2024, representing a year-over-year increase of 6.9%[55] - Investment income for the first quarter of 2025 was RMB 1,028,357 thousand, significantly higher than RMB 356,277 thousand in the same period of 2024, indicating a substantial increase[53] Asset and Liability Management - Total assets as of March 31, 2025, amounted to RMB 713,153,153 thousand, a 3.36% increase from RMB 689,963,033 thousand at the end of 2024[5] - The total liabilities increased to CNY 667.23 billion, a rise of CNY 22.17 billion or 3.44% from the end of the previous year[25] - As of March 31, 2025, total liabilities were RMB 667,234,135 thousand, an increase from RMB 645,063,204 thousand as of December 31, 2024, reflecting a growth of about 3.4%[48] - The bank's equity attributable to shareholders increased to RMB 44,907,429 thousand as of March 31, 2025, compared to RMB 43,932,381 thousand at the end of 2024, reflecting a growth of about 2.2%[50] Loan and Deposit Growth - As of March 31, 2025, the total customer loans amounted to CNY 359.12 billion, an increase of CNY 18.43 billion or 5.41% compared to the end of the previous year[25] - The total customer deposits reached CNY 448.70 billion, up CNY 16.67 billion or 3.86% from the end of the previous year[25] - The net increase in customer deposits was RMB 16,674,295 thousand, significantly higher than RMB 4,047,379 thousand in the previous year, reflecting a growth of 313.5%[60] Risk Management - The non-performing loan ratio was 1.13%, a slight decrease from 1.14% at the end of 2024[12] - The loan provision coverage ratio increased to 251.49% as of March 31, 2025, compared to 241.32% at the end of 2024[12] - The core tier 1 capital adequacy ratio was 8.96%, down 0.15 percentage points from the end of the previous year[28] - The liquidity coverage ratio was 159.25%, down from 203.02% at the end of the previous year[21] Cash Flow Analysis - The net cash flow from operating activities was negative at RMB (475,956) thousand, an improvement of 88.64% compared to RMB (4,190,388) thousand in Q1 2024[10] - Cash flow from investing activities resulted in a net outflow of RMB 1,027,037 thousand, contrasting with a net inflow of RMB 5,410,740 thousand in the previous year[62] - The cash flow from financing activities generated a net inflow of RMB 2,896,174 thousand, compared to RMB 1,764,486 thousand in the same period of 2024, marking a 64.0% increase[62] Digital and Technological Advancements - The company is actively promoting digital financial construction and has successfully launched the first phase of a new generation distributed core business system[31] - The company has accelerated the development of AI capabilities, successfully launching the Xingchen Office Assistant[31] Client Growth and Engagement - As of March 31, 2025, the total number of corporate clients with accounts opened reached 282,300, an increase of 6,900 clients or 2.51% compared to the end of the previous year[29] - The number of corporate loan clients (excluding discounted bill clients) increased by 469 to 12,078, representing a growth of 4.04%[29] - Retail clients' asset scale reached CNY 353.80 billion, an increase of CNY 7.88 billion or 2.28% from the end of the previous year[29] - The number of retail clients managing assets over CNY 50,000 reached 800,400, an increase of 28,800 clients or 3.73%[29]

青岛银行股份有限公司 境内同步披露公告 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈 述或者重大遗漏。 青岛银行股份有限公司根据《香港联合交易所有限公司证券上市规则》规定， 已在香港联合交易所有限公司披露易网站（https://www.hkexnews.hk/）披露后附 公告。 根据《深圳证券交易所股票上市规则》关于上市公司在境内外证券交易所同 步披露公告的规定，特将该公告在深圳证券交易所网站（http://www.szse.cn/）同 步披露，供参阅。 特此公告。 青岛银行股份有限公司董事会 2025 年 4 月 28 日 （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：3866） 年度報告 2024 目錄 | 第一節 | 重要提示、目錄和釋義 | 2 | | --- | --- | --- | | 第二節 | 公司簡介和主要財務指標 | 5 | | 第三節 | 董事長致辭 | 12 | | 第四節 | 行長致辭 | 14 | | 第五節 | 管理層討論與分析 | 16 | | 第六節 | 公司治理 | 94 | | 第七節 | 環境和社會責任 | 148 | | ...