中国农业银行股份有限公司 董事会决议公告 中国农业银行股份有限公司董事会及全体董事保证本公告内容不存在任何虚 假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 中国农业银行股份有限公司（以下简称"本行"）董事会于 2025 年 4 月 11 日以书面形式发出会议通知，于 2025 年 4 月 29 日在北京以现场方式召开会议。会议应出席董事 13 名，亲自出 席董事 13 名。会议召开符合法律法规、《中国农业银行股份有限 公司章程》（以下简称"《公司章程》"）及《中国农业银行股份 有限公司董事会议事规则》的规定。 会议由谷澍董事长主持，审议并通过了以下议案： 证券代码：601288 证券简称：农业银行 公告编号：临 2025-018 号 一、中国农业银行股份有限公司 2025 年第一季度第三支柱 信息披露报告 议案表决情况：有效表决票 13 票，同意 13 票，反对 0 票， 弃权 0 票。 具体内容见上海证券交易所网站（www.sse.com.cn）。 二、中国农业银行股份有限公司 2025 年第一季度报告 议案表决情况：有效表决票 13 票，同意 13 票，反对 0 票， ...

Financial Performance - The total operating income for the first quarter of 2025 was RMB 186,674 million, representing a year-on-year increase of 0.35%[8] - The net profit attributable to shareholders of the parent company reached RMB 71,931 million, with a year-on-year growth of 2.20%[8] - For the three months ending March 31, 2025, the group achieved a net profit of RMB 72.116 billion, an increase of 1.80% year-on-year[21] - Net profit for the first quarter of 2025 was RMB 72,116 million, compared to RMB 70,839 million in the same period of 2024, reflecting a year-on-year increase of about 1.8%[36] - The total comprehensive income for the group for the three months ended March 31, 2025, was RMB 50,505 million, a decrease from RMB 66,038 million in the same period of 2024[37] - The group’s basic earnings per share remained stable at RMB 0.19, unchanged from the same period last year[21] - The group’s basic and diluted earnings per share remained at RMB 0.19 for the three months ended March 31, 2025, unchanged from the same period in 2024[37] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 44,818,957 million, reflecting a 3.66% increase from the end of the previous year[8] - Total assets as of March 31, 2025, amounted to RMB 44,818.957 billion, reflecting a growth of 3.66% compared to the end of the previous year[22] - As of March 31, 2025, total liabilities were RMB 41,675.952 billion, an increase of 3.82% from the previous year-end[22] - The total liabilities amounted to RMB 41,675,952 million as of March 31, 2025, up from RMB 40,140,862 million at the end of 2024, indicating an increase of about 3.83%[35] - The total amount of loans and advances reached RMB 26,187.372 billion, increasing by 5.14% from the previous year-end[22] - The bank's loan and advance to customers reached RMB 25,221,001 million, an increase from RMB 23,977,013 million year-on-year, representing a growth of approximately 5.2%[34] Cash Flow - The net cash flow from operating activities was negative at RMB (768,830) million, a significant decrease of 198.12% compared to the same period last year[11] - The net cash inflow from financing activities for the group was RMB 374,422 million for the three months ended March 31, 2025, up from RMB 63,340 million in the same period of 2024[39] - The net cash outflow from investment activities for the group was RMB 145,817 million for the three months ended March 31, 2025, compared to RMB 1,187,549 million in the same period of 2024[39] - The group's cash and cash equivalents at the end of the period were RMB 1,309,593 million, down from RMB 2,170,383 million at the end of March 31, 2024[40] - The group recorded a net decrease in cash received from operating activities of RMB 2,407,213 million for the three months ended March 31, 2025, compared to RMB 1,835,462 million in the same period of 2024[39] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 495,130, with the top ten shareholders holding a significant portion of the shares[12] - Central Huijin Investment Ltd. held 40.14% of the shares, while the Ministry of Finance of the People's Republic of China held 35.29%[12] - The equity attributable to shareholders of the parent company increased to RMB 3,137,261 million, a rise of 1.50% from the previous year-end[8] - The bank's capital adequacy ratio remained stable, with total equity attributable to shareholders of the parent company at RMB 3,137,261 million as of March 31, 2025, compared to RMB 3,090,808 million at the end of 2024[35] - The capital adequacy ratio was reported at 17.79%, with a core tier 1 capital ratio of 11.23%[27] Income and Expenses - The group reported a net interest margin of 1.34%, with net interest income of RMB 140.577 billion, down 2.74% year-on-year[21] - The net interest income decreased to RMB 140,577 million in Q1 2025 from RMB 144,535 million in Q1 2024, a decline of approximately 2.7%[36] - The bank's fee and commission income decreased slightly to RMB 31,430 million in Q1 2025 from RMB 32,505 million in Q1 2024, a decline of about 3.3%[36] - Investment income surged to RMB 7,173 million in Q1 2025, compared to RMB 3,664 million in the same period of 2024, marking an increase of approximately 96.5%[36] Non-Performing Loans - The non-performing loan balance was RMB 334.644 billion, with a non-performing loan ratio of 1.28%, a decrease of 0.02 percentage points from the previous year-end[24] - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place despite the increase in total loans[36] Other Information - The company reported non-recurring losses totaling RMB (60) million for the quarter, primarily due to fixed asset disposal losses[9] - The company has not disclosed any new product developments or market expansion strategies in this report[1] - The group experienced a foreign exchange impact on cash and cash equivalents of RMB 3,206 million for the three months ended March 31, 2025, compared to a negative impact of RMB 1,696 million in the same period of 2024[40]

中国农业银行股份有限公司 关于续聘会计师事务所的公告 中国农业银行股份有限公司董事会及全体董事保证本公告内容不存在任何虚 假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 重要内容提示： 证券代码：601288 证券简称：农业银行 公告编号：临 2025-020 号 拟续聘的会计师事务所名称：毕马威华振会计师事务所（特殊 普通合伙）和毕马威会计师事务所 中国农业银行股份有限公司（以下简称"本行"）董事会拟续聘毕 马威华振会计师事务所（特殊普通合伙）和毕马威会计师事务所为 本行2025年度会计师事务所。本次续聘事项尚需提交本行股东大会 审议。 一、拟续聘会计师事务所的基本情况 （一）毕马威华振会计师事务所（特殊普通合伙） 1.基本信息 毕马威华振会计师事务所于 1992 年 8 月 18 日在北京成立，于 2012 年 7 月 5 日获财政部批准转制为特殊普通合伙的合伙制企业， 1 更名为毕马威华振会计师事务所（特殊普通合伙）（以下简称"毕马威 华振"），2012 年 7 月 10 日取得工商营业执照，并于 2012 年 8 月 1 日正式运营。 毕马威华振总所位于北京，注册地 ...

Core Insights - Agricultural Bank of China (601288) reported Q1 2025 earnings with operating income of 186.735 billion yuan, a year-on-year increase of 0.32% [1] - Net interest income was 140.577 billion yuan, showing a year-on-year decline of 2.74% [1] - Net profit attributable to shareholders was 71.931 billion yuan, up 2.2% year-on-year, with basic earnings per share at 0.19 yuan [1] Financial Performance - Annualized average total asset return rate was 0.66%, down 0.03 percentage points year-on-year [1] - Annualized weighted average return on equity was 10.82%, down 0.57 percentage points year-on-year [1] - Total assets reached 4,481.8957 billion yuan, an increase of 158.0822 billion yuan or 3.66% from the end of the previous year [1] Loan and Deposit Growth - Total customer loans and advances amounted to 26,187.372 billion yuan, increasing by 128.1185 billion yuan or 5.14% [1] - Breakdown of loans: corporate loans at 15,221.415 billion yuan, personal loans at 9,273.742 billion yuan, bill discounting at 1,254.232 billion yuan, and overseas and other loans at 386.336 billion yuan [1] - Total deposits reached 32,017.351 billion yuan, up 171.1994 billion yuan or 5.65% [2] Asset Quality - Non-performing loan balance was 334.644 billion yuan, an increase of 12.479 billion yuan from the end of the previous year [2] - Non-performing loan ratio stood at 1.28%, a decrease of 0.02 percentage points year-on-year [2] - Provision coverage ratio was 297.81%, down 1.80 percentage points from the end of the previous year [2]

Financial Performance - The operating revenue for the first quarter of 2025 was RMB 186,735 million, representing a year-on-year increase of 0.32%[7] - The net profit attributable to shareholders of the parent company was RMB 71,931 million, reflecting a year-on-year growth of 2.20%[7] - The group achieved a net profit of RMB 72.116 billion for the three months ending March 31, 2025, representing a year-on-year growth of 1.80%[18] - The net profit for the period was RMB 72,116 million, representing an increase of 1.8% compared to RMB 70,839 million in the previous year[30] - Pre-tax profit for the three months ended March 31, 2025, was RMB 77,643 million, a decrease of 2.3% from RMB 79,439 million in the same period of 2024[34] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 44,818,957 million, an increase of 3.66% from the end of the previous year[7] - Total assets reached RMB 44,818.957 billion, an increase of RMB 158.082 billion or 3.66% compared to the end of the previous year[19] - The total liabilities increased to RMB 41,675.952 billion, up RMB 153.509 billion or 3.82% from the end of the previous year[20] - The bank's total liabilities were RMB 41,675,952 million, compared to RMB 40,140,862 million at the end of 2024[32] Shareholder Information - The equity attributable to shareholders of the parent company was RMB 3,137,261 million, up by 1.50% from the previous year[7] - The bank's equity attributable to shareholders was RMB 3,137,261 million, an increase from RMB 3,090,808 million at the end of 2024[32] - The total number of ordinary shareholders at the end of the reporting period was 495,130, with 475,578 A-share shareholders and 19,552 H-share shareholders[10] - The top shareholder, Central Huijin Investment Ltd., held 40.14% of the shares, while the Ministry of Finance of the People's Republic of China held 35.29%[10] Cash Flow - The net cash flow from operating activities was RMB (768,830) million, a significant decrease of 198.12% compared to the same period last year[9] - Cash flow from operating activities showed a net outflow of RMB 768,830 million, compared to a net inflow of RMB 783,563 million in the previous year[34] - Cash flow from investment activities resulted in a net outflow of RMB 145,817 million, significantly improved from a net outflow of RMB 1,187,549 million in the same period last year[35] - Cash flow from financing activities generated a net inflow of RMB 374,422 million, up from RMB 63,340 million in the previous year[35] Loans and Advances - Customer loans and advances totaled RMB 26,187.372 billion, up RMB 128.1185 billion or 5.14% from the end of the previous year[19] - Customer loans and advances in rural areas reached RMB 10,581.049 billion, an increase of RMB 72.6095 billion or 7.37% from the end of the previous year[22] - The net change in customer loans and advances was a decrease of RMB 1,284,220 million, compared to a decrease of RMB 1,245,191 million in the same period last year[34] Income and Expenses - The net interest income was RMB 140.577 billion, a decrease of 2.74% year-on-year, with a net interest margin of 1.34%[18] - For the three months ended March 31, 2025, the net interest income was RMB 140,577 million, a decrease of 2.7% from RMB 144,535 million in the same period of 2024[29] - The bank reported a decrease in net trading income to RMB 7,326 million from RMB 9,445 million year-on-year[29] - The bank's total interest expenses on issued debt securities were RMB 17,306 million, slightly down from RMB 17,467 million in the previous year[34] Dividends - The group distributed a cash dividend of RMB 40.738 billion to ordinary shareholders, with a per-share dividend of RMB 0.1164[25] Other Comprehensive Income - Other comprehensive income for the period was a loss of RMB 21,611 million, compared to a loss of RMB 4,801 million in the previous year[30] Capital Adequacy - The capital adequacy ratio was reported at 17.79%, with a Tier 1 capital ratio of 13.36% and a core Tier 1 capital ratio of 11.23%[24] Non-Performing Loans - Non-performing loans amounted to RMB 334.644 billion, with a non-performing loan ratio of 1.28%, a decrease of 0.02 percentage points from the end of the previous year[21]

Financial Performance - The bank achieved a net profit of RMB 282.671 billion for the year 2024, reflecting its strong financial performance[4] - Net profit for 2024 is projected to grow, with a cost-to-income ratio of 30.46% in 2023, down from 34.40% in 2022, indicating improved efficiency[17] - The company achieved a net profit of RMB 282.67 billion in 2024, representing a year-on-year growth of 4.8%[24] - Operating income for 2024 was RMB 711.42 billion, an increase of 2.3% compared to the previous year[24] - The average return on total assets was 0.68% in 2024, down from 0.73% in 2023[21] - The weighted average return on equity was 10.46%, a decrease from 10.91% in the previous year[21] - The company reported a net cash flow from operating activities of RMB 1,353.04 billion for the year[20] Asset and Loan Growth - As of the end of 2024, the total assets of Agricultural Bank of China amounted to RMB 43,238.135 billion, with total customer loans and advances reaching RMB 24,906.187 billion[4] - Total assets reached RMB 43,238,135 million in 2024, up from RMB 39,872,989 million in 2023, representing a growth of 8.6%[18] - Customer loans and advances totaled RMB 24,906,187 million in 2024, an increase of 10.7% from RMB 22,614,621 million in 2023[18] - Total deposits increased to RMB 30,305,357 million in 2024, a rise of 4.8% from RMB 28,898,468 million in 2023[18] - The balance of loans in rural areas reached CNY 9.85 trillion, with loans related to food security and important agricultural products exceeding CNY 1 trillion[27] - The balance of "Huinong e-loans" stood at CNY 1.49 trillion, with a loan growth rate of 14.7% in 160 key rural revitalization counties[27] - Personal loan balance increased by CNY 754.3 billion to CNY 8.81 trillion, leading the industry in both growth and growth rate[27] - The balance of loans to private enterprises reached CNY 6.53 trillion, with an annual increase of CNY 1.08 trillion and 7.46 million borrowers, also leading the industry[27] Capital and Credit Quality - The capital adequacy ratio stood at 18.19%, indicating a solid capital position[4] - The bank's capital adequacy ratio is expected to remain strong at 16.59% in 2024, up from 16.43% in 2023[17] - The non-performing loan ratio improved to 1.30% in 2024, compared to 1.37% in 2023, reflecting better asset quality[17] - The provision coverage ratio stood at 299.61%, maintaining a leading position among peers[26] - The capital adequacy ratio improved to 18.19%, up by 1.05 percentage points from the previous year[26] Digital Transformation and Innovation - The bank plans to enhance its market expansion strategies, focusing on digital banking and fintech innovations to attract younger customers[19] - The company aims to enhance digital transformation and improve customer service experience through technology[38] - The mobile banking app 10.0 version was launched, achieving over 250 million monthly active users (MAU) by the end of 2024, an increase of 37.21 million users compared to the previous year[182] - The bank's digital RMB project is being applied to optimize fund management quality, enhancing the efficiency of small and micro enterprise loans[188] Green Finance and Social Responsibility - Agricultural Bank of China is committed to developing green finance to support environmental improvement and resource-efficient economic activities[11] - The balance of green credit business reached CNY 4.97 trillion, an increase of 22.9% compared to the end of the previous year[52] - The company’s self-operated green bond investment scale reached CNY 165.63 billion by the end of 2024, an increase of 14.8% year-over-year[180] - The bank received multiple awards for its green banking initiatives, including recognition as a "Model Demonstration Base for ESG" and the "Annual Green Finance Award" from the International Financial Forum[183] Customer Base and Market Position - The number of personal customers exceeded 880 million, while corporate customers increased to 12.13 million, with private banking assets reaching CNY 3.15 trillion[28] - The bank's stock price increased by 55% for A-shares and 58% for H-shares compared to the end of the previous year, leading the industry in growth rates[30] - The total number of corporate clients reached 12.13 million, with 607,500 clients having loan balances, an increase of 85,200 clients year-on-year[147] Risk Management and Compliance - The bank's non-performing loan ratio remains at a competitive level compared to peers, with proactive measures in place for risk management[29] - The liquidity ratio for RMB was 85.34%, significantly above the regulatory requirement of ≥25%[145] - The maximum single customer loan ratio was 2.64%, well below the regulatory limit of ≤10%[145] International Operations - Agricultural Bank of China (Moscow) reported total assets of $235 million and net assets of $103 million as of the end of 2024, achieving a net profit of $14.99 million for the year[191] - Agricultural Bank of China (UK) is currently undergoing closure procedures with a capital of $100 million[192] - The bank's overseas subsidiary in Luxembourg reported total assets of $73 million and a net profit of $710,000 by the end of 2024[190] Wealth Management and Investment - The bank's wealth management product sales reached 1.6025 trillion yuan, with a 68.5% increase in physical precious metal sales[157] - The bank's private banking client base reached 256,000, managing assets totaling 31.5 trillion yuan as of the end of 2024[160] - The bank's asset management business includes a total of 302.24 billion yuan in direct and indirect investment assets, with non-standardized debt assets accounting for 30.3%[169]

Core Viewpoint - The Agricultural Bank of China is actively enhancing financial services to support small and micro enterprises, particularly in key sectors such as private enterprises, foreign trade, and technology innovation, following a joint meeting by national financial regulatory authorities [1][5]. Group 1: Financial Support for Private Enterprises - The Agricultural Bank has restructured its credit policies and conducted extensive outreach to address financing issues faced by private enterprises, thereby supporting the development of the private economy [2]. - Fujian Lezi Food Technology Co., Ltd., a key enterprise in the agricultural sector, received a tailored financial service package from the bank, which included financing and payment solutions, leading to a swift loan approval process within eight days [2]. Group 2: Support for Foreign Trade Enterprises - The bank is prioritizing services for small foreign trade enterprises by enhancing product offerings and increasing credit support, with a focus on stabilizing foreign trade and economic growth [3]. - Ningbo Bai Niao Trading Co., Ltd. was able to secure a credit loan of 100,000 yuan based on its export performance on the Amazon platform, demonstrating the bank's responsiveness to the financing needs of foreign trade businesses [3]. Group 3: Financing Solutions for Technology Innovation Enterprises - The Agricultural Bank is collaborating with government entities to address the financing challenges faced by small technology innovation enterprises through customized solutions [4]. - Gansu Shikefeng Ecological Technology Co., Ltd., a high-tech enterprise, successfully obtained a credit loan by leveraging its technological assets and tax data, showcasing the bank's innovative approach to financing [5]. Group 4: Future Directions - The Agricultural Bank plans to continue enhancing its support for small and micro enterprises across various sectors by increasing resource allocation and improving service quality, contributing to high-quality economic development [5].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公告所提述證券的邀請或要約。 本公告不得直接或間接在或向美國分發。本公告並不構成在美國境內或在任何其他司法管轄區提呈 出售要約或招攬購買任何證券的要約，倘未根據任何該等司法管轄區的證券法辦理登記或未獲批准 而於上述地區進行上述要約、招攬或出售即屬違法。本公告所述的證券將不會根據經修訂的1933年 美國證券法（「證券法」）登記，亦不得在美國境內或向任何美國人士（如證券法S規例定義）或為美國人 士的利益作出要約或出售，惟根據證券法登記規定獲豁免或毋須遵守證券法的登記規定進行的交易 除外。於美國公開發售任何證券將須以招股章程形式作出。該招股章程將載有關於提呈發售的公司 以及其管理及財務報表的詳細資料。本公告所述的證券並未也無意在美國進行公開發售。 於香港聯合交易所有限公司上市之通告 中國農業銀行股份有限公司 AGRICULTURAL BANK OF CHINA LIM ...

Group 1 - The core viewpoint of the articles emphasizes the commitment of Agricultural Bank of China Heilongjiang Branch to support the agricultural sector, particularly focusing on the revitalization of seed industry in Heilongjiang Province [1][2][3] Group 2 - Agricultural Bank of China Heilongjiang Branch has launched a plant variety rights pledge loan product, the first of its kind in the province, to address financing challenges for seed companies by evaluating and pledging seed intellectual property [1] - The bank provided a plant variety rights pledge loan to a seed company in Jiamusi City, which is involved in research, breeding, production, processing, and sales, helping to alleviate cash flow issues due to high initial R&D investments [1] Group 3 - The bank introduced the "Grain Farmer Guaranteed Loan" product, focusing on the soybean seed resources in Heihe City, to provide comprehensive financing support for the entire agricultural production chain [2] - As of early 2025, the "Grain Farmer Guaranteed Loan" product has successfully disbursed nearly 300 million yuan in Heihe City [2] Group 4 - Agricultural Bank of China Heilongjiang Branch has developed the "Longjiang Seed Industry Special Loan" to further support breakthroughs in key areas of the seed industry [3] - The bank has cumulatively provided over 5 billion yuan in loans to the seed industry, injecting financial resources into the revitalization of Heilongjiang's seed sector [3]