证券代码：002948 证券简称：青岛银行 编号：2024-18 青岛银行股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|--------------------------------------------------------|------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | □ 特定对象调研 \n□ 媒体采访 \n□新闻发布会 \n□ 现场参观 | □ 分析师会议 \n □业绩说明会 \n □路演活动 \n√其他：投资者网上集体接待日活动 | | 参与单位名称 及人员姓名 | 投资者网上提问 | | | 时间 | 2024 年 11 月 28 | 日（星期四） 15:00-17:00 | | 地点 | 通过中国证券报中证网（ | https://www.cs.com.cn ）采用网络远 程的方式召开投资者网上集体接待日活动 | | 上市公司接待 人员姓名 | | 董事会秘书张巧雯 ...

Investment Rating - The report assigns an "Accumulate" rating to Qingdao Bank [2]. Core Views - Qingdao Bank is well-positioned in Shandong Province, which has a strong economic foundation and significant growth potential, particularly in the advanced manufacturing sector [2][14]. - The bank has achieved a stable growth trajectory, with total assets surpassing 600 billion and a robust increase in both deposits and loans, indicating a healthy expansion strategy [2][16]. - The bank's non-interest income has shown significant growth, contributing to overall revenue, with a focus on wealth management and investment opportunities [12][16]. - Asset quality remains strong, with a non-performing loan ratio of 1.17% as of Q3 2024, indicating effective risk management practices [2][16]. Summary by Sections 1. Company Overview - Qingdao Bank is the first listed bank in Shandong Province and the second A+H listed city commercial bank in China, with a diverse shareholder structure that includes foreign banks and local enterprises [14][21]. 2. Economic Environment - Shandong Province's GDP reached 4.67 trillion yuan in the first half of 2024, with a growth rate of 5.8%, supported by strong consumption and investment [27][29]. - The province is undergoing a structural transformation, with the tertiary industry increasing its share of the economy [34]. 3. Business Performance - In 2023, Qingdao Bank's total revenue was 12.47 billion yuan, a year-on-year increase of 7.11%, with a forecasted revenue growth of 8.82% for 2024 [3][16]. - The bank's net profit attributable to shareholders was 3.55 billion yuan in 2023, reflecting a growth rate of 15.11% [3]. 4. Risk Management - The bank has maintained a low level of non-performing loans and a strong capital adequacy ratio, ensuring a stable risk profile [13][16]. 5. Future Outlook - The bank is expected to continue its growth trajectory, with projected revenue growth rates of 8.82%, 8.78%, and 8.12% for 2024-2026, respectively [3][16].

证券代码：002948 证券简称：青岛银行 公告编号：2024-034 青岛银行股份有限公司 关于参加 2024 年青岛辖区上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流工作，青岛银行股份有限公司（以下简称"本 行"）将参加由青岛证监局、青岛市上市公司协会联合举办的"2024年青岛辖区上市 公司投资者网上集体接待日活动"，现将有关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录中国证券报中证网 （https://www.cs.com.cn）参与本次互动交流，活动时间为2024年11月28日（周四） 15:00至17:00。届时本行董事会秘书张巧雯女士、计划财务部总经理李振国先生将 以在线交流形式就公司治理、发展战略、经营状况等投资者关注的问题与投资者进 行沟通与交流。 欢迎广大投资者踊跃参与。 特此公告。 青岛银行股份有限公司董事会 2024 年 11 月 25 日 ...

证券代码：002948 证券简称：青岛银行 编号：2024-16 | --- | --- | --- | |-------------------------|-------------------------------------------------------|--------------------------------------------------------| | 投资者关系 \n活动类别 | √特定对象调研 \n□ 媒体采访 \n□新闻发布会 \n□ 现场参观 | □ 分析师会议 \n □业绩说明会 \n □路演活动 \n □其他： | | 参与单位名称 及人员姓名 | 威灵顿投资管理 | 张博 陈乾乾 史依蕾 | | 时间 | 2024 年 11 月 19 | 日（星期二） 09:00-10:00 | | 地点 | 青岛银行股份有限公司总行 | 28 楼会议室 | | 上市公司接待 人员姓名 | 人及工作人员 | 董事长景在伦先生、董事会秘书张巧雯女士、相关部门负责 | | | 1. | 青岛银行的核心竞争优势有哪些？ | | | | 答：经过多年稳健经营和不懈努力，本行已经逐渐建 ...

证券代码：002948 证券简称：青岛银行 青岛银行股份有限公司投资者关系活动记录表 编号：2024-17 | --- | --- | --- | |-------------------------|-------------------------------------------------------|-----------------------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | √特定对象调研 \n□ 媒体采访 \n□新闻发布会 \n□ 现场参观 | □ 分析师会议 \n □业绩说明会 \n □路演活动 \n □其他： | | 参与单位名称 及人员姓名 | 国盛证券 马婷婷 | 陈惠琴 | | 时间 | 2024 年 11 月 19 | 日（星期二） 14:00-15:00 | | 地点 | 青岛银行股份有限公司总行 | 6 楼会议室 | | 上市公司接待 人员姓名 | | 本行高管、相关部门负责人及工作人员 | | | 1. 2024 | 年信贷投放 ...

证券代码：002948 证券简称：青岛银行 青岛银行股份有限公司投资者关系活动记录表 编号：2024-15 | --- | --- | --- | |-------------------------|-------------------------------------------------------|--------------------------------------------------------| | 投资者关系 \n活动类别 | √特定对象调研 \n□ 媒体采访 \n□新闻发布会 \n□ 现场参观 | □ 分析师会议 \n □业绩说明会 \n □路演活动 \n □其他： | | 参与单位名称 及人员姓名 | 长江证券 马祥云 | 盛悦菲，中欧基金 陈巍 | | 时间 | 2024 年 11 月 15 | 日（星期五） 14:00-15:00 | | 地点 | 青岛银行股份有限公司总行 | 6 楼会议室 | | 上市公司接待 人员姓名 | | 本行高管、相关部门负责人及工作人员 | | | 1. 青岛银行 | 2024 年前三季度净息差情况如何？下一步 | | | 计划采取哪些措施 ...

%% %% 丨证券研究报告丨 公司研究丨点评报告丨青岛银行（002948.SZ ） [Table_Title] 盈利加速增长，印证效益提升周期 ——2024 年三季报点评 | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | 报告要点 | | | [Table_Summary] 青岛银行前三季度营收同比增速 8.1% ，其中利息净收入增速 5.6% ；归母净利润同比增速 15.6% | | | （上半年增速 13.1% ，单季度增速高达 24.7% ）。三季度末贷款总额较期初增长 10.3% ，保持 | | | 稳定而不激进的扩表节奏。前三季度净息差 1.75% ，较上半年下降 2BP ，在可比城商行中优势 清晰，预计存款成本率持续下降。三季度末不良率稳定，不良净生成率 ...

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 2024 年 11 月 1 日 呈交日期: 2024年11月1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 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03866 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | ...

Investment Rating - Buy (maintained) with a current price of 3.71 RMB [1] Core Views - Qingdao Bank's revenue and net profit maintained double-digit growth, with revenue reaching 10.49 billion RMB, up 8.1% YoY, and net profit attributable to shareholders reaching 3.46 billion RMB, up 15.6% YoY [4] - The bank's asset quality remained stable, with a non-performing loan (NPL) ratio of 1.17% and a provision coverage ratio of 245.7% [10] - The bank's net interest margin (NIM) narrowed slightly to 1.75%, down 2bps from the first half of 2024, but cost control measures helped mitigate the impact [9] - The bank's capital adequacy ratios remained strong, with core Tier 1 capital adequacy at 8.9%, Tier 1 capital adequacy at 10.5%, and total capital adequacy at 13.2% [10] Financial Performance - Revenue growth slowed slightly, with pre-provision operating profit (PPOP) and net profit growing at 8.5% and 15.6% YoY, respectively [6] - Net interest income grew by 5.6% YoY, while non-interest income grew by 14.4% YoY, though the growth rate of non-interest income slowed compared to the first half of 2024 [6] - The cost-to-income ratio improved to 28.3%, down 1 percentage point YoY, reflecting effective cost control measures [6] Asset and Liability Structure - Total assets grew by 15.1% YoY, with interest-earning assets and loans growing by 12.6% and 11.3% YoY, respectively [3] - Corporate loans (including discounts) grew by 14.9% YoY, while retail loans decreased by 6 billion RMB, reflecting pressure in the retail lending sector [6] - Deposits grew by 12.9% YoY, with corporate and personal deposits increasing by 79 billion RMB and 90 billion RMB, respectively, in the third quarter [6] Credit and Risk Management - The bank's NPL ratio remained stable at 1.17%, with a provision coverage ratio of 245.7%, indicating strong risk resilience [10] - The bank's risk-weighted assets (RWA) growth slowed to 7.3% YoY, reducing capital consumption and enhancing capital safety margins [10] Strategic Focus - Qingdao Bank is focusing on structural adjustment, customer base strengthening, synergy optimization, and capability enhancement as part of its 2023-2025 strategic plan [11] - The bank aims to become a leading value bank with superior efficiency, distinctive features, and flexible mechanisms [11] Valuation and Forecast - The bank's EPS for 2024-2026 is forecasted at 0.68, 0.74, and 0.79 RMB, respectively, with a current PB ratio of 0.6x and a PE ratio of 5.45x [11] - The bank's ROE is expected to remain stable at around 11.5% over the next three years [12]

Financial Performance - In Q3 2024, Qingdao Bank reported operating income of RMB 3,358,104 thousand, a year-on-year increase of 0.80%[2] - Net profit attributable to shareholders of the parent company for Q3 2024 was RMB 814,011 thousand, representing a 24.65% increase compared to the same period last year[2] - Basic earnings per share for Q3 2024 was RMB 0.10, up 42.86% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was RMB 779,649 thousand, a 27.45% increase year-on-year[2] - Net profit attributable to shareholders was CNY 3.46 billion, an increase of CNY 466 million or 15.60% year-over-year[17] - Operating income for the first three quarters was CNY 10.49 billion, up CNY 789 million or 8.14% year-over-year[17] - Non-interest income grew to CNY 3.22 billion, an increase of CNY 405 million or 14.40% year-over-year[17] - The bank's operating profit for the nine months ended September 30, 2024, was RMB 4,191,691 thousand, an increase from RMB 3,491,656 thousand in the same period of 2023[32] Assets and Liabilities - Total assets as of September 30, 2024, reached RMB 668,981,907 thousand, a 10.03% increase from the end of 2023[3] - Total liabilities increased by 10.10% year-on-year, amounting to RMB 625,436,134 thousand as of September 30, 2024[3] - Total assets as of September 30, 2024, amounted to RMB 668,981,907 thousand, a rise from RMB 607,985,372 thousand at the end of 2023[31] - Total liabilities amounted to CNY 625.44 billion, up CNY 57.39 billion or 10.10% from the previous year[16] - The bank's total equity increased to RMB 43,545,773 thousand from RMB 39,939,243 thousand year-on-year[31] Customer Loans and Deposits - Total customer loans reached CNY 331.13 billion, a 10.34% increase from CNY 300.09 billion at the end of 2023[9] - Total customer deposits increased to CNY 428.19 billion, reflecting a 10.91% growth from CNY 386.06 billion at the end of 2023[9] - Customer loans totaled CNY 331.13 billion, increasing by CNY 31.04 billion or 10.34%, accounting for 49.50% of total assets[16] - Customer deposits reached CNY 428.19 billion, a rise of CNY 42.13 billion or 10.91%, representing 68.46% of total liabilities[16] - The bank's loans and advances stood at RMB 322,713,424 thousand, up from RMB 292,992,926 thousand, reflecting a growth of approximately 10.1%[27] Ratios and Coverage - The weighted average return on equity for Q3 2024 was 8.42%, an increase of 0.92 percentage points compared to the previous year[2] - The capital adequacy ratio is 13.15%, an increase from 12.79% at the end of 2023[7] - The non-performing loan ratio is 1.17%, a slight decrease from 1.18% at the end of 2023[11] - The liquidity coverage ratio improved to 188.03%, up from 158.11% at the end of 2023[12] - The provision coverage ratio stands at 245.71%, an increase from 225.96% at the end of 2023[7] - The average return on total assets is 0.74%, up from 0.65% at the end of 2023[7] - The coverage ratio for provisions reached 245.71%, an increase of 19.75 percentage points year-over-year[18] Cash Flow - The bank's cash flow from operating activities for the first nine months of 2024 was RMB 23,050,276 thousand, a significant increase of 192.69% compared to the same period last year[6] - Operating cash inflow totaled CNY 91,284,873 thousand, compared to CNY 60,886,953 thousand in the previous year, marking an increase of about 50.0%[35] - Net cash flow from operating activities was CNY 23,050,276 thousand, significantly up from CNY 7,875,407 thousand, indicating a growth of approximately 192.0%[35] - Cash and cash equivalents at the end of the period amounted to CNY 28,776,910 thousand, compared to CNY 18,127,361 thousand at the end of the same period last year, reflecting an increase of about 58.5%[37] - The net increase in cash and cash equivalents was CNY 13,180,138 thousand, compared to CNY 6,618,364 thousand in the previous year, indicating a growth of approximately 99.0%[37] Other Financial Metrics - The bank recognized non-recurring gains of RMB 34,362 thousand in Q3 2024, primarily from government subsidies[5] - The bank's cash and deposits with the central bank amounted to RMB 45,808,417 thousand, up from RMB 31,043,664 thousand, indicating a significant increase of about 47.7%[27] - Financial investments at fair value through profit or loss reached RMB 66,650,437 thousand, compared to RMB 58,269,523 thousand, indicating an increase of about 14.8%[27] - The bank's interest, fees, and commissions received amounted to CNY 15,417,546 thousand, up from CNY 13,702,079 thousand, reflecting an increase of about 12.5%[35]