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 2024-043 号 中国农业银行股份有限公司 关于召开2024年三季度业绩说明会的公告 中国内地：+86 4001 510 286；中国香港：+852 8009 312 66； 全球地区：+86 010 2137 7168 中文参会密码：794250；英文参会密码：490282 投资者如需提问，可于2024年10月28日（星期一）23:59前将相关 问题通过电子邮件形式发送至本行投资者关系邮箱： ir@abchina.com，或在会议召开时提问。 中国内地：+86 4001 510 286；中国香港：+852 8009 312 66； 中国农业银行股份有限公司（以下简称"本行"）拟于2024年10月 30日（星期三）披露本行2024年三季度业绩。为了便于广大投资者更 1 会议召开时间：2024年10月30日（星期三）17:00-18:00 会议召开方式：电话会议 会议接入方式： 全面深 ...

1288 董事會會議召開日期 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份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 中國北京 2024年10月18日 AGRICULTURAL BANK OF CHINA LIMITED 於本公告日期，本行的執行董事為谷澍先生、王志恒先生、張旭光先生和林立先生；本行的非執行董事為 周濟女士、李蔚先生、劉曉鵬先生、肖翔先生和張奇先生；本行的獨立非執行董事為梁高美懿女士、吳聯生先生、 汪昌雲先生和鞠建東先生。 中國農業銀行股份有限公司（「本行」）董事會（「董事會」）謹此宣佈，本行將於2024年10月 30日（星期三）召開董事會會議，以考慮及批准（其中包括）本行截至2024年9月30日的第三 季度業績。 承董事會命 中國農業銀行股份有限公司 劉清 公司秘書 ...

Investment Rating - The investment rating for Agricultural Bank of China Limited is Overweight [1][3]. Core Views - The report highlights a play on the government's economic rebalancing, with continuously improving asset quality and the highest NPL coverage ratio among the Big 5 banks [5]. - The bank has a strong deposit franchise, particularly in rural areas, leading to a stable funding structure, with deposits accounting for 78% of total liabilities in FY2023 [5]. - The valuation is attractive, with a projected 2024E dividend yield of 7.7%, compared to 5.3% for ABC-A [5]. Earnings Forecasts - Earnings forecasts for Agricultural Bank of China Limited have been revised following 2Q24 results, with net interest margin (NIM) forecasts adjusted to 1.43%/1.39%/1.42% for 2024/25/26 [1]. - Loan growth estimates have been raised to 9.2%/7.7%/6.3% for the same periods, leading to higher net interest income growth forecasts of 2.3%/5.1%/9.6% in 2024/25/26 [1]. - Net profit forecasts have been slightly revised up to 2.2%/2.7%/2.5% for 2024/25/26, with EPS estimates increased by 1.1%/1.1%/0.7% for the same years [1]. Price Target and Valuation - The price target for Agricultural Bank of China Limited is set at HK$4.40, with a bull case price target of HK$6.59 and a bear case of HK$1.55 [3][4]. - The report employs a three-stage dividend discount model with a probability-weighted approach, assigning 60% to the base case, 20% to the bull case, and 20% to the bear case [6]. Risk Reward Themes - The risk-reward chart indicates a 94% Overweight rating, with 0% Equal-weight and 6% Underweight [6]. - Key themes include pricing power being negative, with various scenarios outlined for bull, base, and bear cases reflecting different economic conditions [6][7].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國農業銀行股份有限公司 呈交日期: 2024年9月30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) | 01288 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 30,738,823,096 | RMB | | 1 RMB | | 30,738,823,096 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 30,738,823,096 | RMB | | 1 RMB | | 30,738,823,096 | | 2. 股份分類 | 普通股 | 股 ...

特此公告。 中国农业银行股份有限公司董事会 中国农业银行股份有限公司 关于副董事长、执行董事任职的公告 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。 中国农业银行股份有限公司（以下简称"本行"）近日收到 《国家金融监督管理总局关于王志恒农业银行副董事长、董事任 职资格的批复》（金复〔2024〕638号）。根据相关规定及董事会 决议，王志恒先生自2024年9月27日起就任本行副董事长、执行 董事，以及董事会"三农"金融与普惠金融发展委员会委员、主 席，战略规划与可持续发展委员会委员，提名与薪酬委员会委员。 王志恒先生的简历请参见本行2024年8月20日刊载于上海证 券交易所网站（www.sse.com.cn）的《中国农业银行股份有限公 司2024年度第二次临时股东大会会议资料》。 证券代码：601288 证券简称：农业银行 公告编号：临 2024-042 号 二〇二四年九月二十九日 1 ...

Financial Performance - Agricultural Bank of China reported a significant increase in net profit, reaching RMB 100 billion, representing a year-on-year growth of 12%[5]. - Net profit for the first half of 2024 was RMB 136,494 million, compared to RMB 133,831 million in the same period of 2023, reflecting a growth of 2.5%[13]. - The company achieved operating revenue of RMB 367.1 billion and net profit of RMB 136.5 billion for the first half of 2024, representing year-on-year growth of 0.4% and 2.0% respectively[17]. - The bank's total operating income for the first half of 2024 was RMB 367,140 million, slightly up from RMB 365,794 million in the same period of 2023[44]. - The company reported a net cash flow from operating activities of RMB 291,380 million for the first half of 2024, a significant decrease from RMB 1,353,499 million in the first half of 2023[13]. Asset Growth - The bank's total assets grew to RMB 30 trillion, an increase of 8% compared to the previous year[5]. - Total assets as of June 30, 2024, reached RMB 41,984,553 million, an increase from RMB 39,872,989 million at the end of 2022[12]. - Total assets reached RMB 42 trillion, an increase of 5.3% compared to the end of the previous year, with total customer loans and advances amounting to RMB 24.4 trillion, up 7.8%[17]. Loan and Credit Management - Customer loans and advances totaled RMB 24,388,702 million as of June 30, 2024, an increase from RMB 22,614,621 million at the end of 2022[12]. - The balance of loans to strategic emerging industries reached RMB 2.63 trillion, reflecting a growth of 25.0% compared to the end of the previous year[18]. - The balance of loans to private enterprises reached CNY 6.24 trillion, an increase of CNY 78.67 billion, representing a growth of 14.4%[83]. - The loan balance for rural industries was CNY 2.26 trillion, up CNY 420.2 billion or 22.8% year-on-year[133]. - The total amount of personal housing loans was RMB 5,070,154 million, accounting for 58.6% of personal loans, down from 64.1% at the end of 2023[54]. Risk Management - Risk management strategies have been strengthened, resulting in a reduction of non-performing loans to 1.5% of total loans[5]. - The non-performing loan ratio improved to 1.32% as of June 30, 2024, compared to 1.37% at the end of 2022[11]. - The provision coverage ratio stood at 303.94%, indicating strong risk mitigation capabilities[139]. - The company has implemented a management model combining five-level and twelve-level classifications for credit risk, reflecting the risk levels of credit assets prudently[140]. Digital Banking and Technology - New product launches in digital banking have contributed to a 20% increase in transaction volume[5]. - The company has established over 45,000 high-frequency internet scenarios, enhancing its digital financial service capabilities[18]. - The bank is actively enhancing its technology finance services, establishing a comprehensive service network to support technology-driven enterprises[77]. - The bank's digital RMB project has progressed to the minimum viable product stage, facilitating cross-border transaction payments for multiple enterprises[111]. Green Finance Initiatives - The bank is committed to green finance, with RMB 200 billion allocated for sustainable projects over the next five years[5]. - The balance of green credit exceeded RMB 4.8 trillion, supporting the company's commitment to green finance initiatives[18]. - The bank's green credit balance exceeded RMB 4.8 trillion as of June 30, 2024, reflecting a strong commitment to green finance[179]. - The company provided financing exceeding 210 billion yuan for the green industry in the first half of the year, representing a 30% year-on-year growth, focusing on clean energy, pollution prevention, and green industry upgrades[182]. Customer Engagement and Services - User data indicates a rise in active accounts, with over 500 million registered users, marking a 15% increase year-on-year[5]. - The monthly active users of the mobile banking app reached 231 million as of June 30, 2024, an increase of 18.28 million compared to the end of the previous year[108]. - The bank provided on-site services to 129,000 elderly and special groups in the first half of the year[196]. - The bank's customer satisfaction rate for voice service was 99.88%, with a call connection rate of 97.52%[198]. Financial Investments - Financial investments increased by 14.6% to RMB 12,853,509 million, contributing to the overall asset growth[48]. - The bank's investment in government bonds remained strong, optimizing the structure of credit bond investments to support national strategic projects[97]. - The bank's self-operated green bond investment reached RMB 149.13 billion, a 3.3% increase from the end of the previous year[180]. Operational Efficiency - The cost-to-income ratio for the first half of 2024 was 27.44%, slightly higher than 27.37% in the first half of 2023[14]. - Operating expenses rose by 0.9% to RMB 108,679 million, with a cost-to-income ratio of 27.44%, up 0.07 percentage points from the previous year[40]. - The bank's liquidity ratio for RMB was 80.35%, significantly above the regulatory requirement of 25%[75]. Employee and Community Engagement - The company increased employee training efforts, with approximately 439,000 employees participating in various training programs in the first half of the year[187]. - The company organized various cultural activities, with over 177,000 participants, to enhance employee engagement and well-being[188]. - The bank's charity initiatives included 111 film narration sessions and 10,300 hours of volunteer service by June 2024[199].

公司报告 | 半年报点评 稳健经营，量质齐升 事件： 农业银行发布 24 年中财报。企业上半年实现营收 3668 亿元，YoY+0.29%，归 母净利润 1359 亿元，YoY+2.0%；不良率 1.32%，不良拨备覆盖率 303.9%。 点评摘要： 营 收 增速 转正 。24 上 半年 实 现营 收 3668 亿元 ， YoY+0.29% ，较 24Q1 （YoY-1.76%）上涨 2.05pct。其中，24H1 利息净收入 2908 亿元，同比+0.15%； 非息收入 760 亿元，较去年同期+0.86%。 企业 24H1 净息差为 1.45%。具体表现为：利息收益端：金融投资收入上升。24H1 生息资产平均收益率为 3.22%，其中贷款收益率因 LPR 连续下调降至 3.54%；金 融投资在 24 上半年日均生息资产规模占比 28.6%，较年初结构占比上升 2.4pct， 收益率 3.08%。计息负债端：成本管理见效，存款成本率释放利润空间。24H1 计 息负债成本率 1.92%，较去年同期小幅下滑。计息成本中存款成本率 1.70%（较 2023 年末减少 8bp），利息支出成本占比较 2023 年末下 ...

农业银行（ [Table_StockNameRptType] 601288） 公司覆盖 三农好风凭借力，扎根县域入青云 | --- | --- | --- | |----------------------------------------|-------|-----------| | [Table_Rank] 投资评级：买入 首次覆盖 | | | | 报告日期： 2024-09-10 | | | | [Table_BaseData] 收盘价（元） | | 4.52 | | 近 12 个月最高 / 最低（元） | | 5.01/3.43 | | 总股本（百万股） | | 349,983 | | 流通股本（百万股） | | 349,983 | | 流通股比例（ % ） | | 100.00 | | 总市值（亿元） | | 15,819 | | 流通市值（亿元） | | 15,819 | | | | | [公司价格与沪深 Table_Chart] 300 走势比较 -26% -4% 19% 41% 63% 9/23 12/23 3/24 6/24 农业银行 沪深300 [Table_Author] 分析师：郑小 ...

证券代码：601288 证券简称：农业银行 公告编号：临 2024-040 号 中国农业银行股份有限公司 2024 年度第二次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 （一）股东大会召开的时间：2024 年 9 月 6 日 （二）股东大会召开的地点：北京市东城区建国门内大街乙 18 号本行总行 （四） 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等 本次股东大会采取现场投票和网络投票相结合的表决方式，符合《中华人民 共和国公司法》《上市公司股东大会规则》等法律法规和《中国农业银行股份有 限公司章程》的有关规定。本次股东大会由本行董事会召集，谷澍董事长主持会 议。 （五） 公司董事、监事和董事会秘书的出席情况 1、公司在任董事 12 人，出席 12 人； 2、公司在任监事 6 人，出席 6 人； 3、董事会秘书出席会议；其他高级管理层成员列席会议。 1、出席会议的股东和代理人人数 3,938 其中 ...

证券代码：601288 证券简称：农业银行 公告编号：临 2024-039 号 中国农业银行股份有限公司董事会 二〇二四年九月六日 中国农业银行股份有限公司 关于赎回2019年无固定期限资本债券（第二期） 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。 2019 年 9 月 3 日，中国农业银行股份有限公司（以下简称 "本行"）簿记发行规模为人民币 350 亿元的无固定期限资本债 券（以下简称"本期债券"），并于 2019 年 9 月 6 日发布了《中 国农业银行股份有限公司关于无固定期限资本债券（第二期）发 行完毕的公告》。根据本期债券募集说明书相关条款的规定，本 期债券设有发行人赎回权，发行人有权在本期债券第五个计息年 度的付息日（即 2024 年 9 月 5 日），全额赎回本期债券。 截至本公告日，本行已行使赎回权，全额赎回了本期债券。 特此公告。 ...