Changshu Bank(SH:601128) Mei Ri Jing Ji Xin Wen·2025-11-15 16:13Core Viewpoint - Changshu Bank is undergoing significant management changes with the resignation of its president and vice president, and the appointment of a new president, Lu Dingchang, who has been cultivated internally within the bank [1][3][4]. Management Changes - President Bao Jian and Vice President Li Yong have submitted their resignations due to work changes [1][4]. - Lu Dingchang has been appointed as the new president and chief compliance officer, pending regulatory approval [1][3][4]. - Lu Dingchang has a long history with Changshu Bank, having worked in various roles including credit officer and vice president [4][7]. New Vice Presidents - Two new vice presidents, Zhang Kangde and Ni Jianfeng, have been appointed, with their qualifications also pending regulatory approval [5][8]. - Zhang Kangde has a background primarily in government roles before joining Changshu Bank [5]. - Ni Jianfeng has extensive banking experience, having held various positions in other banks prior to his current role [7]. Shareholder Activity - Changshu Investment Holding Group, the second-largest shareholder, has increased its stake in Changshu Bank by acquiring 5.6193 million shares between October 9 and November 13, raising its total shareholding to 132 million shares, or 3.98% of the total [2][8]. - This increase in shareholding follows previous acquisitions earlier in the year, resulting in a cumulative increase of 0.9 percentage points in ownership [8]. Financial Performance - For the first three quarters of the year, Changshu Bank reported a revenue of 9.052 billion yuan, a year-on-year increase of 8.15%, and a net profit attributable to shareholders of 3.357 billion yuan, up 12.82% [8]. - As of the end of September, the bank's total assets exceeded 400 billion yuan, reaching 402.23 billion yuan, a 9.72% increase from the previous year [9]. - The bank maintains a low non-performing loan ratio of 0.76% and a high provision coverage ratio of 462.95% [9].