Core Viewpoint - Qingnong Bank (002958.SZ) has released its 2024 annual report, showing growth in both revenue and net profit, but continues to face challenges with a loss in the fourth quarter and the highest non-performing loan ratio among A-share rural commercial banks [3][5][12]. Financial Performance - In 2024, Qingnong Bank achieved operating revenue of 11.033 billion yuan, a year-on-year increase of 6.85%, and a net profit attributable to shareholders of 2.856 billion yuan, up 11.24% year-on-year [5][6]. - The bank's performance is recovering compared to historical data, with revenue increasing by approximately 2.3 billion yuan since 2019, but net profit remains nearly unchanged from that period [7]. Asset Quality - The non-performing loan ratio for Qingnong Bank stands at 1.79%, the highest among A-share rural commercial banks, despite a slight decrease from the previous year [4][14]. - The bank's credit impairment losses reached 5.113 billion yuan in 2024, reflecting increased pressure on asset quality [12]. Comparison with Peers - Compared to Changshu Bank, Qingnong Bank's profitability is significantly lower, with Changshu Bank's net profit at 3.813 billion yuan, 1.34 times that of Qingnong Bank [10]. - Other banks with lower total assets than Qingnong Bank, such as Wuxi Bank and Jiangyin Bank, reported net profits exceeding 2 billion yuan, highlighting Qingnong Bank's relative underperformance [10]. Executive Compensation - Qingnong Bank's executives received significant salary increases, with Chairman Wang Xifeng earning approximately 1.9584 million yuan, the highest among A-share rural commercial bank chairmen [17][19]. - In contrast, the average salary for employees outside the executive level decreased, raising concerns about compensation equity within the organization [18][19]. Dividend Policy - Qingnong Bank's dividend distribution has been modest, with a proposed cash dividend of 0.12 yuan per share for 2024, resulting in a payout of approximately 667 million yuan, which is still below 30% of net profit [21].

Core Viewpoint - Qingnong Commercial Bank has successfully improved its retail loan ratio and loan quality management despite a general decline in the banking industry's retail loan proportion, primarily by focusing on loans to small and micro enterprises and individual business owners [1][10]. Group 1: Loan Quality Management - As of the end of 2024, Qingnong Commercial Bank's non-performing loan (NPL) ratio was 1.79%, slightly decreasing to 1.77% by the end of Q1 2025, indicating a significant improvement over the past two years with a cumulative decline of 0.4 percentage points [2][4]. - The bank has implemented a "three-in-one" approval mechanism and risk management strategies to control new risk loans and enhance the quality of new credit [4][12]. - The bank's NPLs were primarily accumulated in 2021 and 2022, largely due to stricter classification standards and challenges in the real estate sector [4][5]. Group 2: Retail Loan Strategy - Qingnong Commercial Bank's retail loan proportion has increased against the trend in the banking sector, with a focus on personal operating loans and consumer loans to offset the decline in housing loans [1][10]. - The bank's personal loans and advances reached nearly 80 billion yuan by the end of 2024, growing nearly 7% year-on-year, driven by increased lending to small and micro enterprises [10][11]. - The bank has established a personal credit department and a financial inclusion department to enhance its retail business strategy and improve loan product offerings [10][11]. Group 3: Financial Performance - In 2024, Qingnong Commercial Bank reported operating income of 11.033 billion yuan, a year-on-year increase of 6.85%, and a net profit attributable to shareholders of 2.856 billion yuan, up 11.24% [1]. - The growth in revenue was primarily attributed to non-interest income, as net interest income saw a decline [1].

Group 1: Stock Performance and Shareholder Relations - The company's stock price is low due to various factors, including macroeconomic conditions and market sentiment. The major shareholder, Balong Group, now holds less than 5% of shares and is no longer a key stakeholder [2][3] - The company aims to enhance shareholder returns and improve stock performance through better management and communication of company value [2][3] Group 2: Financial Performance and Risk Management - In Q4 2024, the company reported impairment losses of 5.1 billion RMB, a significant increase year-on-year, attributed to growing loan volumes and proactive risk management [2][3] - The non-performing loan (NPL) ratio was 1.79% at the end of 2024, slightly down from the beginning of the year, indicating stable asset quality [3][13] - The company plans to strengthen risk management and enhance its ability to absorb risks in 2025 [3][11] Group 3: Loan Growth and Market Position - The company's loan growth rate was approximately 5.5%, lower than the 10% growth seen in other regional banks, reflecting a focus on supporting small and agricultural enterprises [2][3] - The growth rate for inclusive small and micro-enterprise loans reached 11.25%, outperforming overall loan growth by 7.28 percentage points [2][3] Group 4: Dividend Policy and Profit Distribution - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares for 2024, which is higher than the previous year, but aims to restore the cash dividend payout ratio to 30% in the future [2][3] Group 5: Green Finance and Sustainable Development - The green loan portfolio grew by 3.1 billion RMB, with a focus on supporting energy-saving and environmentally friendly projects [9][10] - The company is committed to enhancing its green finance strategy, including developing innovative green financial products and ensuring compliance with environmental standards [9][10] Group 6: Future Growth Strategies - The company plans to optimize its asset-liability structure and expand its intermediary business to enhance profitability [11][13] - Future innovations in agricultural loans will include the "Golden Ear" series of credit products and exploring rural property rights as collateral for financing [18]

本报记者刘钊 近日，青岛农村商业银行股份有限公司（简称"青农商行"）发布2024年报及2025年一季报。公告显示， 2024年，青农商行实现营业收入110.33亿元，同比增长6.85%，归属于上市公司股东的净利润28.56亿 元，同比增长11.24%。今年一季度，青农商行实现营业收入30.57亿元，同比微增0.99%；实现归属于上 市公司股东的净利润11.82亿元，同比增长7.97%。截至2025年3月末，青农商行资产总额达5115.75亿 元。 深耕普惠金融"责任田" 青农商行是全国副省级城市中7家全市整体改制成立的农商银行之一，2012年6月28日挂牌开业。2019年 3月26日，青农商行在深圳证券交易所上市，成为长江以北第一家A股上市农商银行。目前，青农商行 拥有营业网点340余个，在岗员工5000余名，并在深圳罗湖、江西德兴、山东济宁等地发起设立8家蓝海 村镇银行。 2024年，青农商行锚定"整体提升"战略目标，坚守金融服务实体经济的根本宗旨，深耕"支农支小"主责 主业，以精准滴灌的金融资源深度服务乡村振兴、科技创新、绿色发展等国家重大战略领域，推动资产 负债规模稳步攀升。紧扣时代脉搏，该行还积极融入 ...

4月25日青农商行发布2024年度分配预案，拟10派1.2元（含税），预计派现金额合计为6.67亿元。派现 额占净利润比例为23.34%，以该股2024年度成交均价计算，股息率为4.20%。这是公司上市以来，累计 第6次派现。 公司上市以来历次分配方案一览 | 日期 | 分配方案 | 派现金额合计（亿元） | 股息率（%） | | --- | --- | --- | --- | | 2024.12.31 | 10派1.2元（含税） | 6.67 | 4.20 | | 2023.12.31 | 10派1元（含税） | 5.56 | 3.51 | | 2021.12.31 | 10派1元（含税） | 5.56 | 2.31 | | 2020.12.31 | 10派1.5元（含税） | 8.33 | 2.71 | | 2019.12.31 | 10派1.5元（含税） | 8.33 | 1.91 | | 2018.12.31 | 10派1.5元（含税） | 8.33 | | 证券时报·数据宝统计显示，公司今日公布了2024年报，共实现营业收入110.33亿元，同比增长6.85%， 实现净利润28.56亿元，同比增长1 ...

| 证券代码：002958 | 证券简称：青农商行 | 公告编号：2025-010 | | --- | --- | --- | | 转债代码：128129 | 转债简称：青农转债 | | 青岛农村商业银行股份有限公司 第五届监事会第三次临时会议决议公告 本行及监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。 青岛农村商业银行股份有限公司（以下简称本行）第五届监事会第三次临时会议 于 2025 年 4 月 23 日在本行总行召开。会议通知已于 2025 年 4 月 17 日以电子邮件及 书面方式发出。应出席本次会议的监事 7 人，实际出席本次会议的监事 7 人。会议由 半数以上监事共同推举王庆金监事主持。会议的召开及表决程序符合《中华人民共和 国公司法》及《公司章程》的有关规定。 会议审议通过了以下议案： 一、审议并通过《关于<青岛农村商业银行股份有限公司 2024 年度监事会工作报 告>的议案》。 表决结果为：同意 7 票，反对 0 票，弃权 0 票。 本报告在巨潮资讯网（http://www.cninfo.com.cn）披露。 本议案需提交股东大会审议。 二、审议并通过 ...

证券代码：002958 证券简称：青农商行 公告编号：2025-009 转债代码：128129 转债简称：青农转债 青岛农村商业银行股份有限公司 第五届董事会第八次临时会议决议公告 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。 青岛农村商业银行股份有限公司（以下简称本行）第五届董事会第八次临时会议 于 2025 年 4 月 23 日在本行总行召开。会议通知已于 2025 年 4 月 16 日以电子邮件及 书面方式发出。应出席本次会议的董事 12 人，实际出席本次会议（含网络方式）的 董事 11 人。丁明来董事因工作原因不能出席本次会议，授权委托于丰星董事代为出 席并行使表决权。刘冰冰、李庆香、薛健、王少飞、潘爱玲董事以网络方式参加会议。 会议由董事长王锡峰主持，部分监事列席了会议。会议的召开及表决程序符合《中华 人民共和国公司法》及《公司章程》的有关规定。 会议审议通过了以下议案： 一、审议并通过《关于<青岛农村商业银行股份有限公司 2024 年度董事会工作报 告>的议案》。 表决结果为：同意 12 票，反对 0 票，弃权 0 票。 表决结果为：同意 12 票， ...

| 证券代码：002958 | 证券简称：青农商行 | 公告编号：2025-015 | | --- | --- | --- | | 转债代码：128129 | 转债简称：青农转债 | | 青岛农村商业银行股份有限公司 关于2024年度利润分配方案的公告 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。 一、审议程序 青岛农村商业银行股份有限公司（以下简称本行）于2025年4月23日召开第五届 董事会第八次临时会议，审议通过了《关于2024年度利润分配方案的议案》。本议 案需提交股东大会审议。 二、利润分配方案内容 根据立信会计师事务所（特殊普通合伙）对本行2024年度审计结果，2024年本 行实现净利润人民币2,785,887千元。根据上述利润情况和《青岛农村商业银行股份有 限公司章程》相关规定，本行2024年度作如下利润分配： 1.按净利润的10%提取法定盈余公积金人民币278,589千元； 2.提取一般风险准备人民币163,313千元； 3.按净利润的10%提取任意盈余公积金人民币278,589千元； 4.本行拟以本次实施权益分派股权登记日的总股本为基数，向收市 ...

青岛农村商业银行股份有限公司 非经营性资金占用及其他关联资金 往来情况的专项报告 2024 年度 ■ 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查验 一一 Z信会计师事务所(特殊普通合伙) HINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LL 关于青岛农村商业银行股份有限公司 非经营性资金占用及其他关联资金往来情况 的专项报告 信会师报字[2025]第 ZA11659 号 我们审计了青岛农村商业银行股份有限公司(以下简称"青岛农 商银行")2024 年度的财务报表,包括 2024 年 12 月 31 日的合并及母 公司资产负债表、2024 年度合并及母公司利润表、合并及母公司现 金流量表、合并及母公司股东权益变动表和相关财务报表附注，并于 2025 年 4 月 23 日出具了报告号为信会师报字[2025]第 ZA11658 号的 无保留意见审计报告。 青岛农商银行公司管理层根据中国证券监督管理委员会《上市公 司监管指引第 8 号 -- 上市公司资金往来、对外担保的监管要求》(证 监会公告〔2022〕2 ...

青岛农村商业银行股份有限公司 审计报告及财务报表 二〇二四年度 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn） 报告编码: 1个月 | 目录 | 页次 | | --- | --- | | 审计报告 | 1-6 | | 财务报表 | | | 合并资产负债表和母公司资产负债表 | 1-2 | | 合并利润表和母公司利润表 | 3-4 | | 合并现金流量表和母公司现金流量表 | ર-୧ | | 合并股东权益变动表和母公司股东权益变动表 | 7-10 | | 财务报表附注 | 1-163 | | 财务报表补充资料 | 1-4 | 会计师事务所(特殊普通合 NA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS 审计报告 信会师报字[2025]第 ZA11658 号 青岛农村商业银行股份有限公司全体股东: 一、 审计意见 the state of the state 青岛农村商业银行股份有限公司 审计报告及财务报表 (2024 年 01 月 01 日至 2024 年 12 月 31 日止) 我们审计了青岛农村商业银行股份有限公司( ...