Core Viewpoint - Suzhou Bank is involved in a legal case with a disputed amount of 981 million yuan, and recent court rulings have impacted the parties involved in the lawsuit [1] Group 1 - On October 12, 2024, Suzhou Bank received a civil ruling related to a case involving 981 million yuan and all associated litigation costs [1] - On November 20, 2025, the Ordos Intermediate People's Court delivered two civil rulings, one allowing Inner Mongolia Rural Commercial Bank to replace Ordos Rural Commercial Bank as the plaintiff in the case [1] - The second ruling dismissed the lawsuit filed by Inner Mongolia Rural Commercial Bank, leaving uncertainty about whether the parties will appeal within the legal timeframe [1]

证券代码：002966 证券简称：苏州银行 公告编号：2025-091 苏州银行股份有限公司关于诉讼事项进展的公告 本行及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1. 案件所处的诉讼阶段：一审裁定驳回起诉。 2. 上市公司所处的当事人地位：苏州银行股份有限公司（以下简称"本行"） 为被告之一。 3. 涉案的金额：根据本行 2024 年 10 月 12 日收到的《民事裁定书》，涉案 金额显示为 981,270,983.96 元（暂计算至 2024 年 6 月 12 日）及本案全部诉讼费 用。 2025 年 11 月 20 日，本行收到内蒙古自治区鄂尔多斯市中级人民法院送达 的两份《民事裁定书》，具体裁定内容如下： 4. 对上市公司损益产生的影响：本次裁定为"驳回起诉"，表明该案件未进 入实体审理程序。目前，无法预判当事方是否会在法定期限内就该裁定提起上诉。 本行将密切关注后续进展，并及时履行信息披露义务。 一、本次诉讼的基本情况 原告鄂尔多斯农村商业银行股份有限公司诉杭州汉康贸易有限公司、季铭铭、 孙占新、中航国运国际贸易(北京)有限公司、中都信华国 ...

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant gains and dividend yields for various companies [1] Group 1: Stock Performance - China Bank (601988 SH) leads with a 4.00% daily increase and an 18.30% year-to-date gain, along with a dividend yield of 3.69% [1] - Construction Bank (601939 SH) follows with a 3.15% daily rise and a 16.97% year-to-date increase, offering a dividend yield of 4.05% [1] - Postal Savings Bank (601658.SH) shows a daily increase of 3.14% and a year-to-date gain of 9.16%, with a dividend yield of 3.77% [1] Group 2: Notable Declines - Home Depot (002572.SZ) has a daily increase of 3.12% but a year-to-date decline of 13.44%, with a dividend yield of 7.42% [1] - Oppein Home Group (603833.SH) experiences a 2.86% daily rise but a significant year-to-date drop of 17.91%, with a dividend yield of 4.68% [1] - Kuka Home (603816.SH) shows a daily increase of 2.66% and a year-to-date gain of 18.23%, with a dividend yield of 4.59% [1] Group 3: Additional Performers - Huaxia Bank (600015.SH) has a daily increase of 1.86% but a year-to-date decline of 6.67%, with a dividend yield of 5.80% [1] - Beijing Bank (601169 SH) shows a daily increase of 1.39% and a slight year-to-date decline of 0.69%, with a dividend yield of 5.57% [1] - CITIC Bank (601998.SH) has a daily increase of 1.37% and a year-to-date gain of 19.02%, with a dividend yield of 4.35% [1]

Core Viewpoint - The banking sector is gaining attention in the capital market due to a combination of declining interest rates, policy support, and low valuations, leading to increased investment from long-term funds like insurance capital [1][2]. Group 1: Reasons for Insurance Capital Favoring Bank Stocks - Insurance capital seeks stable and reliable assets due to a mismatch in the average duration of liabilities (over 12 years) and assets (approximately 6 years), resulting in over 2 trillion yuan needing investment annually [1]. - Bank stocks are attractive due to their high dividend yields, low valuations, and low volatility, with an average dividend yield of 3.86%, significantly higher than the 10-year government bond yield of 1.82% as of November 19, 2025 [1][2]. Group 2: Valuation and Stability of the Banking Sector - The banking sector's price-to-book ratio is at 0.63, indicating extreme low valuation and providing a safety cushion [2]. - The banking sector has shown a volatility of only 14.90% over the past three years, which is significantly lower than the 24.80% volatility of the CSI 300 index, making it suitable for long-term holding as a core asset [2]. Group 3: Impact of IFRS 9 on Insurance Companies - The implementation of IFRS 9 accounting standards requires insurance companies to estimate and recognize expected credit losses at the initial recognition of assets, affecting profits even before actual losses occur [2]. - This new standard encourages insurance companies to classify more equity investments as FVOCI (Fair Value Through Other Comprehensive Income), which helps to isolate short-term market fluctuations from profit statements, making bank stocks a suitable choice for long-term holding [2]. Group 4: Preferred Bank Stocks Among Insurance Capital - Insurance capital shows a preference for state-owned banks like Industrial and Commercial Bank of China and China Construction Bank due to their stable dividends and strong liquidity [3]. - Quality joint-stock banks such as China Merchants Bank and Industrial Bank are favored for their robust profitability and potential for valuation recovery [3]. - High-growth regional banks like Chengdu Bank and Suzhou Bank are also attractive due to their high ROE and asset quality, indicating potential for price appreciation [3]. - Hong Kong-listed bank stocks, such as CITIC Bank and Chongqing Bank, are appealing due to higher dividend yields and more attractive valuations [3]. Group 5: Implications for Ordinary Investors - For ordinary investors, bank stocks offer a combination of high dividends and low valuations, providing defensive characteristics and cash flow returns in the current market environment [5]. - As market trends shift towards stable returns, bank stocks can play a crucial role in balancing risk and securing stable dividends within an investment portfolio [5].

Core Viewpoint - Suzhou Bank's stock has shown a modest increase in price and trading activity, with a notable rise in net profit year-on-year, indicating potential growth in the banking sector [1][2]. Group 1: Stock Performance - On November 20, Suzhou Bank's stock rose by 2.09%, reaching 8.31 CNY per share, with a trading volume of 227 million CNY and a turnover rate of 0.63%, resulting in a total market capitalization of 37.151 billion CNY [1]. - Year-to-date, Suzhou Bank's stock price has increased by 7.92%, with a slight rise of 0.61% over the last five trading days, 0.24% over the last twenty days, and 0.73% over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, Suzhou Bank reported an operating income of 0.00 CNY, while the net profit attributable to shareholders reached 4.477 billion CNY, reflecting a year-on-year growth of 7.12% [1]. - Since its A-share listing, Suzhou Bank has distributed a total of 7.626 billion CNY in dividends, with 5.226 billion CNY distributed over the past three years [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Suzhou Bank increased to 65,100, marking an 8.07% rise compared to the previous period, while the average number of circulating shares per shareholder decreased by 7.31% to 67,509 shares [1]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 72.0643 million shares, a decrease of 47.4085 million shares from the previous period, while Southern CSI 500 ETF holds 65.1044 million shares, down by 1.2969 million shares [2].

Core Points - Suzhou Bank has successfully issued the "2025 Perpetual Capital Bonds (First Phase)" with an issuance scale of RMB 2 billion [1][2] - The bonds have a fixed interest rate of 2.36% for the first five years, with adjustments every five years thereafter, and the issuer has a conditional redemption right after the fifth year [1][2] Summary by Sections - **Issuance Details** - The bonds were approved by the Jiangsu Regulatory Bureau of the National Financial Supervision Administration and the People's Bank of China [1] - The book-building date is set for November 14, 2025, and the payment date is November 18, 2025 [1] - **Use of Proceeds** - The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, in accordance with applicable laws and regulatory approvals [2]

Core Points - Suzhou Bank has announced the issuance of its "2025 Perpetual Capital Bonds (First Phase)" with an issuance scale of RMB 2 billion [2] - The bonds have a fixed interest rate of 2.36% for the first five years, with adjustments every five years thereafter, and the issuer has a conditional redemption right after the fifth year [2] - The funds raised will be used to supplement the bank's other Tier 1 capital, subject to applicable laws and regulatory approvals [2]

北京商报讯(记者孟凡霞周义力)11月19日，苏州银行（002966）发布公告，经国家金融监督管理总局江 苏监管局和中国人民银行批准，该行近日在全国银行间债券市场发行"苏州银行股份有限公司2025年无 固定期限资本债券(第一期)"(以下简称"本期债券")。本期债券簿记建档日为2025年11月14日，缴款日为 2025年11月18日，发行规模为人民币20亿元，前5年票面利率为2.36%，每5年调整一次，在第5年及之 后的每个付息日附发行人有条件赎回权。本期债券的募集资金将依据适用法律和监管部门的批准，用于 补充该行其他一级资本。 ...

证券代码：002966 证券简称：苏州银行 公告编号：2025-090 苏州银行股份有限公司 关于 2025 年无固定期限资本债券（第一期） 经国家金融监督管理总局江苏监管局和中国人民银行批准，苏州银行股份 有限公司（以下简称"本行"）近日在全国银行间债券市场发行"苏州银行股份 有限公司 2025 年无固定期限资本债券（第一期）"（以下简称"本期债券"）。 本期债券簿记建档日为 2025 年 11 月 14 日，缴款日为 2025 年 11 月 18 日， 发行规模为人民币 20 亿元，前 5 年票面利率为 2.36%，每 5 年调整一次，在第 5 年及之后的每个付息日附发行人有条件赎回权。 本期债券的募集资金将依据适用法律和监管部门的批准，用于补充本行其 他一级资本。 特此公告。 苏州银行股份有限公司董事会 2025 年 11 月 19 日 发行完毕的公告 本行及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 ...

Group 1 - The A-share market showed a positive trend on November 19, with the banking index rising by 0.93% [1] - The Tianhong Bank ETF (515290) recorded a trading volume exceeding 35 million yuan, indicating strong investor interest [1] - Major banks such as Bank of China, Everbright Bank, and Postal Savings Bank saw their stock prices increase by over 2% [1] Group 2 - As of November 18, the Tianhong Bank ETF had a total scale of nearly 6.2 billion yuan, covering 42 listed banks across various categories [2] - There has been significant insider buying in regional banks this year, with several banks announcing plans for share buybacks in November [2] - Securities firms noted that the profit growth rate for listed banks improved in Q3, driven by reduced provisioning, stabilized net interest margins, and improved wealth management income [2]