中国经济网北京3月31日讯 交通银行(601328.SH)昨日晚间发布更正公告。交通银行于2026年3月27 日披露《交通银行股份有限公司2025年度利润分配方案公告》（公告编号：临2026-006），因校对不 严，原公告存在文字错误。 更正前：（三）以截至2025年12月31日的普通股总股本883.64亿股为基数，向本行登记在册的A股 股东和H股股东，每10股分配现金股利人民币1.684元（含税），共分配现金股利人民币148.80亿元。在 此基础上，加上本行已派发的2025年半年度股息（每10股分配现金股利人民币1.563元（含税）），本 行2025年度全年每股分配现金股利3.247元（含税），共分配现金股利人民币286.92亿元，现金分红比例 为32.3%（即分配的现金股利总额占归属于母公司普通股股东净利润的比例）。 更正后：（三）以截至2025年12月31日的普通股总股本883.64亿股为基数，向本行登记在册的A股 股东和H股股东，每10股分配现金股利人民币1.684元（含税），共分配现金股利人民币148.80亿元。在 此基础上，加上本行已派发的2025年半年度股息（每10股分配现金股利人民币1.563 ...

Core Viewpoint - Goldman Sachs reported that four major state-owned banks in mainland China, including Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Bank of Communications (BoCom), and Postal Savings Bank of China (PSBC), have released their Q4 performance, which met expectations with average revenue and profit both increasing by 2% year-on-year [1] Group 1: Financial Performance - The loan growth has slowed down; however, net interest margin stabilized quarter-on-quarter, supporting net interest income which remained flat year-on-year [1] - Non-interest income exceeded expectations, but provisions have increased, and the non-performing loan (NPL) formation rate has risen [1] - The NPL coverage ratio continues to decline, indicating ongoing pressure on retail asset quality, with rapid growth in non-mortgage retail loans posing potential risks [1] Group 2: Earnings Forecast Adjustments - Goldman Sachs has slightly adjusted the earnings forecasts for ICBC, CCB, and BoCom, and has made minor downward adjustments to some A-share valuations to reflect the narrowing A-H share premium [1] - Target prices for ICBC A-shares (601398.SH) and H-shares have been raised by 2% and 8% respectively, to RMB 7.71 and HKD 6.27, maintaining a "Neutral" rating [1] - Target prices for CCB A-shares (601939.SH) and H-shares have been increased by 4% and 9% respectively, to RMB 11.41 and HKD 9.01, with a "Buy" rating [1] - Target prices for BoCom A-shares (601328.SH) have been decreased by 3%, while H-shares have been increased by 6%, resulting in target prices of RMB 5.9 and HKD 6.11, with a "Sell" rating [1]

Core Viewpoint - Goldman Sachs reported that four major state-owned banks in mainland China (Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank) released their Q4 performance, which met expectations with average revenue and profit growth of 2% year-on-year [1] Group 1: Financial Performance - The loan growth has slowed down, but net interest margin stabilized quarter-on-quarter, supporting net interest income which remained flat year-on-year [1] - Non-interest income exceeded expectations, although provisions increased and the non-performing loan formation rate rose [1] - The non-performing loan coverage ratio continued to decline, indicating ongoing pressure on retail asset quality [1] Group 2: Investment Recommendations - Goldman Sachs adjusted profit forecasts for ICBC, CCB, and BOCOM, and slightly lowered some A-share valuations to reflect the narrowing A-H share premium [1] - Target prices for ICBC A-shares and H-shares were raised by 2% and 8% respectively, to RMB 7.71 and HKD 6.27, with a "Neutral" rating [1] - Target prices for CCB A-shares and H-shares were increased by 4% and 9% respectively, to RMB 11.41 and HKD 9.01, both rated as "Buy" [1] - Target prices for BOCOM A-shares were lowered by 3% but raised for H-shares by 6%, to RMB 5.9 and HKD 6.11, both rated as "Sell" [1]

公告称，该行于3月27日披露《交通银行股份有限公司2025年度利润分配方案公告》（公告编号：临 2026-006），因校对不严，原公告存在文字错误。 红星资本局3月31日消息 昨日，交通银行就此前披露的"分红"情况，发布更正公告。 从交通银行最新披露的业绩情况看，2025年末总资产达15.5万亿元，较上年末增长4.35%。全年实现营 业收入、净利润2651亿元、956亿元，同比分别增长2.02%、2.18%。 同时，所涉13名相关责任人一并受到处罚，罚款金额在0.4万元至17万元区间不等，其中有2人遭到警 告。作出上述行政处罚决定日期为2025年12月10日。 对此，交通银行回应称，2022年11月至2023年4月，中国人民银行对交通银行开展综合执法检查，本次 处罚是基于上述执法检查发现的问题作出的，处罚所涉问题均发生在2023年以前。交通银行对此诚恳接 受、高度重视，已完成整改工作，并以问题整改为契机，认真举一反三，不断优化长效机制。 据官网介绍，交通银行始建于1908年，是中国历史最悠久的银行之一。1987年4月1日，该行重新组建后 正式对外营业，成为中国第一家全国性国有股份制商业银行，总部设在上海。20 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5] Core Insights - The company achieved a slight increase in revenue and profit for 2025, with operating income of 265.1 billion yuan, a year-on-year growth of 2.0%, and a net profit attributable to shareholders of 95.6 billion yuan, up 2.2% year-on-year [1][4] - The net interest margin showed a year-on-year decline but stabilized quarter-on-quarter, with an average net interest margin of 1.20% for 2025, down 7 basis points year-on-year [2] - The asset quality remained stable, with a non-performing loan ratio of 1.28% at the end of 2025, a slight decrease from the beginning of the year, and a provision coverage ratio of 208% [3] Financial Performance Summary - For 2025, the company reported total assets of 15.55 trillion yuan, a 4.3% increase from the previous year, with total loans growing by 6.6% to 9.12 trillion yuan and deposits increasing by 5.8% to 9.31 trillion yuan [1] - The company’s return on equity (ROE) for 2025 was 8.4%, a decrease of 0.7 percentage points year-on-year [1] - The projected net profit for 2026 and 2027 is estimated at 98.7 billion yuan and 102.1 billion yuan respectively, with a diluted EPS of 1.04 yuan and 1.08 yuan [3][4]

Investment Rating - The investment rating for the company is "Outperform the Market" [5] Core Insights - The company achieved a slight increase in revenue and profit for 2025, with operating income of 265.1 billion yuan, a year-on-year growth of 2.0%, and a net profit attributable to shareholders of 95.6 billion yuan, up 2.2% year-on-year [1][4] - The net interest margin showed a year-on-year decline but stabilized quarter-on-quarter, with an average net interest margin of 1.20% for 2025, down 7 basis points year-on-year [2] - The company's asset quality remained stable, with a non-performing loan ratio of 1.28% at the end of 2025, a slight decrease from the beginning of the year, and a provision coverage ratio of 208% [3] Financial Performance Summary - For 2025, the company reported total assets of 15.55 trillion yuan, a 4.3% increase from the previous year, with total loans growing by 6.6% to 9.12 trillion yuan and deposits increasing by 5.8% to 9.31 trillion yuan [1] - The company’s return on equity (ROE) for 2025 was 8.4%, a decrease of 0.7 percentage points year-on-year [1] - The forecast for net profit attributable to shareholders for 2026-2028 is 98.7 billion yuan, 102.1 billion yuan, and 106.0 billion yuan, respectively, with expected growth rates of 3.2%, 3.4%, and 3.9% [3][4]

Core Viewpoint - The announcement from Bank of Communications corrects a previous error in the profit distribution plan for the year 2025, ensuring accurate information for investors [1][2]. Summary by Sections - **Correction of Profit Distribution Plan**: The bank clarifies that for the year ending December 31, 2025, it will distribute a cash dividend of RMB 1.684 per 10 shares to A-share and H-share shareholders, totaling RMB 14.88 billion. This is in addition to the previously distributed interim dividend of RMB 1.563 per 10 shares, leading to a total cash dividend of RMB 3.247 per 10 shares, amounting to RMB 28.692 billion for the year [1][2]. - **Cash Dividend Ratio**: The cash dividend payout ratio is confirmed to be 32.3%, which represents the total cash dividends distributed as a percentage of the net profit attributable to ordinary shareholders of the parent company [1][2]. - **Commitment to Information Disclosure**: The bank expresses regret for any inconvenience caused by the error and commits to enhancing the quality of information disclosure through improved preparation and review processes [2][3].

Group 1 - The core point of the article is that Bank of Communications issued a correction regarding its 2025 profit distribution announcement, changing the cash dividend from "per share" to "per 10 shares" [2][3][4] - The corrected cash dividend for 2025 is 3.247 yuan (including tax) per 10 shares, instead of per share as previously stated [3][4] - The bank attributed the error to "inadequate proofreading" and expressed apologies for any inconvenience caused to investors, stating that other content remains unchanged [4] Group 2 - For the year 2025, Bank of Communications reported total operating revenue of 265.071 billion yuan, a year-on-year increase of 2.02% [4] - The net profit attributable to shareholders was 95.622 billion yuan, reflecting a year-on-year growth of 2.18% [4] - The bank plans to distribute a total cash dividend of 28.692 billion yuan for 2025, with a cash dividend payout ratio of 32.3% [4]

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） 於本公告發佈之日，本行董事為任德奇先生、張寶江先生、殷久勇先生、 周萬阜先生、常保升先生*、廖宜建先生*、陳紹宗先生*、穆國新先生*、 艾棟先生*、張向東先生 # 、李曉慧女士 # 、馬駿先生 # 、王天澤先生 # 、肖偉先生 # 及 劉瑞霞女士 # 。 * 非執行董事 ＃ 獨立非執行董事 股票代码：601328 股票简称：交通银行 编号：临 2026-013 （股份代號：03328） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列交通銀行股份有限公司於上海證券交易所網站刊登的《交通銀行股份有限 公司更正公告》，謹供參閱。 承董事會命 交通銀行股份有限公司 何兆斌 公司秘書 中國上海 2026年3月30日 更正后：（三）以截至 2025 年 12 月 31 日的普通股总股本 883.64 亿股为基 数，向本行登记在 ...

交通银行股份有限公司(以下简称"交通银行"或"本行")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。 本行于 2026年3月27日披露《交通银行股份有限公司 2025年度利润分配 方案公告》(公告编号:临 2026-006),因校对不严,原公告存在文字错误。现 更正如下: 更正前:(三)以截至2025年12月31日的普通股总股本 883.64 亿股为基 数,向本行登记在册的A股股东和H股股东,每10股分配现金股利人民币1.684 元(含税),共分配现金股利人民币148.80亿元。在此基础上,加上本行已派发 的 2025年半年度股息(每10股分配现金股利人民币1.563元(含税)),本行 2025年度全年每股分配现金股利3.247元(含税),共分配现金股利人民币286.92 亿元,现金分红比例为32.3%(即分配的现金股利总额占归属于母公司普通股股 东净利润的比例)。 3月30日，交通银行发布更正公告：本行于2026年3月27日披露《交通银行股份有限公司2025年度利润分 配方案公告》，因校对不严，原公告存在文字错误。"每股分配现金 ...