Dividends and Shareholder Information - The company reported a cash dividend of RMB 1.60 per 10 shares for common shareholders, totaling a distribution based on the total shares as of the dividend record date[5]. - The company issued dividends totaling RMB 9.31 billion during the reporting period[127]. Financial Performance - Net interest income for 2024 reached RMB 9,873,824 thousand, an increase of 6.38% compared to RMB 9,281,969 thousand in 2023[14]. - Non-interest income increased by 10.67% to RMB 3,540,867 thousand in 2024 from RMB 3,199,382 thousand in 2023[14]. - Total operating revenue for 2024 was RMB 13,414,691 thousand, reflecting a growth of 7.48% from RMB 12,481,351 thousand in 2023[14]. - Pre-tax profit rose by 26.99% to RMB 4,995,129 thousand in 2024, compared to RMB 3,933,397 thousand in 2023[14]. - Net profit for 2024 was RMB 4,404,721 thousand, a 19.97% increase from RMB 3,671,420 thousand in 2023[14]. - The annual operating income for the group was 13.415 billion RMB, reflecting a growth of 7.48%[28]. - Net profit for the year reached 4.405 billion RMB, marking a significant increase of 19.97%[28]. Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 689,963,033 thousand, up 13.48% from RMB 607,985,372 thousand at the end of 2023[15]. - Total liabilities reached RMB 645,063,204 thousand, an increase of 13.56% from RMB 568,046,129 thousand in 2023[15]. - Customer loans totaled RMB 340,689,725 thousand, representing a 13.53% increase from RMB 300,089,541 thousand in 2023[15]. - Customer deposits amounted to RMB 432,024,006 thousand, reflecting an 11.91% growth from RMB 386,062,259 thousand in 2023[15]. Capital and Ratios - The core tier 1 capital adequacy ratio improved to 9.11% in 2024, up from 8.42% in 2023, an increase of 8.20%[16]. - The liquidity coverage ratio significantly increased to 203.02% in 2024, compared to 158.11% in 2023, reflecting a 28.38% rise[16]. - The capital adequacy ratio stood at 13.80% as of December 31, 2024, an increase of 1.01 percentage points compared to the previous year[165]. - The net stable funding ratio was 120.31% and the liquidity coverage ratio was 203.02%, both meeting regulatory requirements[163]. Risk Management - The bank's risk management framework has been optimized, enhancing its ability to monitor and manage risks effectively[23]. - The company has established a comprehensive risk monitoring system for group clients, enhancing risk data integration and management[160]. - The company has implemented measures to manage non-performing assets, including enhanced risk monitoring and innovative disposal methods[158]. Digital Transformation and Innovation - The bank's focus on technology innovation has led to a notable increase in loan growth in key sectors such as manufacturing and green finance, surpassing the overall loan growth rate[22]. - The bank is advancing its digital transformation strategy, enhancing data quality and developing a unified digital product management platform[43]. Loan and Deposit Growth - Over 40% growth was recorded in loans for manufacturing, technology, green projects, and agriculture, with new corporate loans exceeding 40 billion RMB[29]. - Retail deposits at year-end totaled 219.80 billion RMB, an increase of 16.64%[29]. - The total customer loan amount reached RMB 340.69 billion, with a non-performing loan (NPL) ratio of 1.14% as of December 31, 2024, compared to 1.18% in the previous year[148]. Financial Investments - Financial investments reached a book value of RMB 255.66 billion, an increase of RMB 29.64 billion or 13.12% compared to the previous year[107]. - The company's financial investments measured at amortized cost amounted to RMB 975.94 billion, reflecting an increase of RMB 448.37 billion or 84.99% year-over-year, enhancing overall revenue stability[114]. Corporate Governance and Compliance - The financial statements for 2024 have been audited by KPMG, confirming their accuracy and completeness[5]. - The board of directors and senior management have confirmed the authenticity and completeness of the annual report[5]. - The company maintained a strong performance in investor relations and information disclosure, receiving the highest rating of A from the Shenzhen Stock Exchange for the fourth consecutive year[46].

证券代码：002948 证券简称：青岛银行 公告编号：2025-014 青岛银行股份有限公司董事会决议公告 特此公告。 本议案同意票 14 票，反对票 0 票，弃权票 0 票。 本议案已经本行董事会审计委员会事前认可，由该委员会全体委员审议通过， 同意将其提交董事会审议。本行 2025 年第一季度报告同日在《中国证券报》《上 海证券报》《证券时报》《证券日报》和巨潮资讯网（http://www.cninfo.com.cn/） 披露，供投资者查阅。 二、审议通过了《青岛银行股份有限公司 2025 年一季度第三支柱信息披露 报告》 本议案同意票 14 票，反对票 0 票，弃权票 0 票。 备查文件 1.经与会董事签字并加盖董事会印章的董事会决议； 2.董事会专门委员会审议的证明文件。 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"）于2025年4月14日以电子邮件方 式向董事发出关于召开第九届董事会第十一次会议的通知，会议于2025年4月28 日以通讯表决方式召开，应参与表决董事14名，实际表决董事14名。本次会议召 开符合《公 ...

Core Viewpoints - The report anticipates potential positive factors for the A-share market in the next month, including domestic growth stabilization and possible negotiations on US-China tariffs, which may drive market rebounds [4][10] - The report suggests that the current tariff shock is a significant black swan event, but due to its occurrence at the beginning of a bull market, the impact on market valuation may have already been completed [11] - The report recommends a value-oriented investment strategy, focusing on sectors that can provide both offensive and defensive opportunities, such as banks, steel, construction, and consumer sectors [12] Stock Recommendations - The report lists the "Top Ten Gold Stocks" for May 2025, which includes companies from various sectors such as food and beverage, home appliances, banking, power utilities, computing, media, electronics, new consumption, and energy [3][13] - Specific stocks highlighted include: - Wanchen Group (300972.SZ) in the food and beverage sector, with a projected EPS growth from -0.46 in 2023 to 6.67 in 2025 [3][14] - Xing Shuai Er (002860.SZ) in home appliances, with a projected EPS growth from 0.56 in 2023 to 0.73 in 2025 [3][18] - Qingdao Bank (002948.SZ) in banking, with a projected EPS growth from 0.61 in 2023 to 1.04 in 2025 [3][21] - New Energy (601918.SH) in power utilities, with a projected EPS growth from 0.81 in 2023 to 1.06 in 2025 [3][25] - Zhaoyi Information (688258.SH) in computing, with a projected EPS growth from 0.46 in 2023 to 0.81 in 2025 [3][29] - Tencent Holdings (0700.HK) in media, with a projected EPS growth from 11.89 in 2023 to 23.67 in 2025 [3][34] - Lens Technology (300433.SZ) in electronics, with a projected EPS growth from 0.61 in 2023 to 1.39 in 2025 [3][38] - Blukoo (0325.HK) in new consumption, with a projected EPS growth from -1.38 in 2023 to 5.53 in 2025 [3][41] - Yanzhou Coal Mining (600188.SH) in energy, with a projected EPS growth from 2.01 in 2023 to 1.39 in 2025 [3][45] - Xianhe Co., Ltd. (603733.SH) in new consumption, with a projected EPS growth from 0.94 in 2023 to 2.54 in 2025 [3][46] Industry Insights - The food and beverage sector, represented by Wanchen Group, is expected to strengthen its competitive position with a significant increase in store numbers and a focus on the snack retail market [14][15] - The home appliance sector, represented by Xing Shuai Er, is experiencing stable growth in white goods, driven by national subsidy policies [18][19] - The banking sector, represented by Qingdao Bank, shows strong loan growth and improved asset quality, with a focus on manufacturing and green loans [21][22] - The power utility sector, represented by New Energy, is expected to benefit from rising coal demand and improved cost management [25][26] - The computing sector, represented by Zhaoyi Information, is positioned for growth with its unique low-code development platform, SnapDevelop, which has a strong market potential [29][30] - The media sector, represented by Tencent Holdings, is seeing robust growth in its gaming and advertising businesses, with significant contributions from its social media platforms [34][35] - The electronics sector, represented by Lens Technology, is benefiting from the growth of the smartphone market and strong partnerships with major clients [38][39] - The new consumption sector, represented by Blukoo, is leveraging its IP commercialization strategy to drive growth and expand its market presence [41][42] - The energy sector, represented by Yanzhou Coal Mining, is focused on increasing coal production and improving cost efficiency amid fluctuating coal prices [45][46]

Investment Rating - The industry investment rating is "Positive" and maintained [12] Core Insights - The Longjiang Bank Index increased by 0.6% this week, outperforming the CSI 300 Index by 0.2% and underperforming the ChiNext Index by 1.4%. The banking sector's defensive attributes have gained traction due to a decline in market risk appetite [2][6] - The performance of listed banks remains stable, with city commercial banks exceeding expectations in their Q1 reports, supporting upward valuation adjustments. Notably, Chongqing Bank and Nanjing Bank reported significant year-on-year growth in net interest income of 28% and 18%, respectively, driven by a low base from last year and improved interest margins [2][7][29] Summary by Sections Market Performance - The Longjiang Bank Index's performance reflects a shift towards defensive investments in the banking sector amid rising risk aversion. The index's performance is supported by the positive earnings reports from major banks [2][6] Earnings Reports - As of April 25, 2025, 15 A-share listed banks have disclosed their Q1 earnings. Most banks reported positive revenue growth, with only two banks experiencing declines. The net profit for all but one bank also showed positive growth. The asset quality remains stable, with non-performing loan ratios generally declining or stable [7][29] - The rebound in net interest income growth is a key highlight, with nine banks reporting year-on-year increases. The overall improvement in net interest margins is attributed to a significant reduction in funding costs [29][30] Dividend Yields - As of April 25, 2025, the average dividend yield for the five major state-owned banks in A-shares is 4.5%, with a spread of 280 basis points over the 10-year government bond yield. The H-shares have an average yield of 6.0%, with a spread of 435 basis points, indicating a more attractive yield in the H-share market [6][23] Monetary Policy Insights - The Central Political Bureau meeting on April 25, 2025, reiterated the need for timely interest rate cuts and reserve requirement ratio reductions. The meeting emphasized the creation of new structural monetary policy tools to support technological innovation and consumption expansion [35][37]

Core Viewpoint - Qingdao Bank actively responds to national strategies for inclusive finance reform and small and micro enterprise financing, creating a multi-dimensional service model that promotes symbiosis between financial institutions and small enterprises [1] Group 1: Service Response Mechanism - Qingdao Bank has established a three-tier vertical response system involving the head office, municipal branches, and county-level branches, ensuring seamless connection with local government teams [2] - The bank has conducted extensive outreach to businesses and communities, forming a rapid service loop from policy interpretation to quick loan disbursement, resulting in over 20 billion yuan in loans issued [2] Group 2: Digital Empowerment - The bank has expanded data integration and collaboration, creating a dedicated scoring card for technology enterprises based on various metrics, allowing for precise financial services [3] - New loan products tailored for specialized and innovative enterprises have been launched, demonstrating the successful integration of digital technology and finance [3] Group 3: Service Process Innovation - Qingdao Bank is promoting service transformation through the "One Optimization and Three Reductions" initiative, launching the online product "Inclusive e-loan" to streamline the financing process [4] - The online approval process has improved efficiency by 50%, significantly reducing the time required for loan approvals from one week to 2-3 days [4] Group 4: Industry Development Support - The bank has integrated deeply into local industrial layouts, providing supply chain financial services to over 2,800 small enterprises, with a total financing of 4.525 billion yuan since 2025 [5] - Qingdao Bank aims to enhance its financing coordination mechanisms and optimize its product system to provide more precise and efficient financial support for small enterprises [5]

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]

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]

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]

随着国内经济转型，银行机构普遍处于息差收窄、营收放缓的境地。然而，券商中国记者梳理上市银行 2024年年报发现，不少上市银行的国际结算量猛增，带来的收益呈现可观的正增长。 随着我国外贸"朋友圈"越来越大，服务企业出海需求以及跨境电商等中小微企业，成为商业银行拓展营收的重 要途径。 近期有国有大行的银行高管在业绩说明会上表示要提高境外机构的协同，也有股份行在其年报中直接表示 要"力争用三年时间走进同类型银行第一梯队"，此外还有一些中小银行高管表态要拓展客户国际化，拓展跨境 金融方面的收入。 不可忽视的是，不同于去年，2025年美国推出所谓的"对等关税"，中小企业出海尤其对口美国相关业务出现 了不确定性，国际金融市场的波动又将对企业出海和银行国际化转型带来哪些复杂的影响？ 国际业务对营收贡献增大 我国进出口规模于2024年再创历史新高，并实现了同比增长5%，这给国内商业银行的营收带来了提升效应。 以中国银行为例，该行跨境业务是其传统优势业务，并领先同业。2024年在境内资产总额增速放缓、盈利指 标增速和贡献度下降的情况下，中国银行在"中国香港澳门台湾地区"，以及"其他国家和地区"实现了经营规模 和业绩较快增长，且 ...