Chang Jiang Shang Bao·2025-08-03 23:37Core Viewpoint - Weihai Bank is initiating a new round of capital replenishment with the support of local state-owned assets, planning to issue up to 758 million domestic shares and 154 million H-shares to raise approximately 3 billion yuan for core tier one capital supplementation [2][3][4]. Group 1: Capital Raising Details - The planned issuance price is 3.29 yuan per share, representing a 22.6% premium over the secondary market price [3][4]. - The controlling shareholder, Shandong Expressway Group, will participate in the subscription while maintaining its current shareholding ratio, potentially investing 1.414 billion yuan, which accounts for 47% of the total fundraising target [3][5]. - The total fundraising amount is approximately 3 billion yuan, with 2.494 billion yuan from domestic shares and 506 million yuan from H-shares [4][5]. Group 2: Financial Performance and Capital Adequacy - As of March 2025, Weihai Bank's total assets exceeded 465 billion yuan, with a capital adequacy ratio of 12.72%, a tier one capital ratio of 9.89%, and a core tier one capital ratio of 8.47%, all showing a decline from the end of 2024 [3][7][8]. - The bank's total assets surpassed 400 billion yuan by the end of 2024, marking a 12.65% increase year-on-year, with loans and deposits also showing significant growth [7][8]. - The non-performing loan ratio was at a record low of 1.41% by the end of 2024, with a provision coverage ratio of 156.07%, indicating improved asset quality [8].