杨秀明掌舵两年破局，重庆银行成A股唯一双位数增长上市银行

Core Insights - Chongqing Bank has achieved impressive financial results in the first three quarters of 2025, with revenue of 11.74 billion yuan, a year-on-year increase of 10.40%, and a net profit attributable to shareholders of 5.196 billion yuan, also up 10.42%, making it the only bank among 42 listed A-share banks to achieve double-digit growth in both revenue and net profit [2] - Under the leadership of Chairman Yang Xiuming, the bank has transformed its performance, with total assets surpassing 1.02 trillion yuan, a growth of 19.39% compared to the end of the previous year, and a stock price increase of 21.56%, ranking fifth among A-share listed banks [2] Financial Performance - The bank's total loans and advances reached 520.385 billion yuan, an increase of 18.1% from the end of the previous year, which has laid a solid foundation for net interest income growth [2] - Chongqing Bank has differentiated itself by focusing on high-yield credit sectors such as manufacturing, wholesale retail, and business leasing, leading to a rebound in net interest margin from 1.27% in 2024 to 1.35%, with a slight decrease in net interest yield of 0.03 percentage points to 1.39% [3] Risk Management - The bank has prioritized risk control, implementing a "three checks and three controls" risk management model to ensure comprehensive risk management throughout the loan process, resulting in a reduction of non-performing loan ratio from 1.33% in Q1 2024 to 1.14% [3] - The provision coverage ratio has increased from 233.2% to 248.11%, providing a stronger financial cushion for performance growth [3] Capital Management - The bank's core Tier 1 capital adequacy ratio stands at 8.52%, above the regulatory minimum of 7.5%, with 13 billion yuan in convertible bonds available to enhance capital adequacy if fully converted [4][5] - Chongqing Bank is focusing on wealth management and other light capital businesses, with a 33% year-on-year increase in wealth management income, indicating a clear growth potential in this area [5] Employee and Market Outlook - The bank has shown confidence in its growth by increasing employee compensation, with a more than 8% rise in labor costs and over 5% increase in average salary, despite a modest increase of only 28 employees [5] - Several brokerages have positive forecasts for the bank's growth, with expected net profit growth rates of 11.99%, 9.60%, and 9.41% for 2025-2027 [5] Strategic Transformation - Yang Xiuming's leadership has transformed Chongqing Bank from a lower-tier performer to a bank with unique double-digit growth, balancing current credit expansion with long-term light capital transformation [6] - The bank faces the ongoing challenge of balancing scale growth with the expansion of light capital businesses under capital constraints [6]