增持！苏州银行第一大股东出手

Core Viewpoint - Suzhou Bank's largest shareholder, Suzhou International Development Group, has significantly increased its stake in the bank, indicating confidence in the bank's future performance and potential for further investment [1][2][6]. Group 1: Shareholding Changes - Suzhou International Development Group has acquired a total of 118 million shares of Suzhou Bank from January 14 to June 26, representing 2.63% of the bank's total share capital, with an investment of 856 million yuan [1]. - The group has exceeded its initial plan of a 300 million yuan increase, raising its total shareholding to 14.7292% when combined with its concerted action partner, Dongwu Securities [2][6]. - The bank has received approval from the Jiangsu Financial Regulatory Bureau for the change in shareholding, suggesting that the group may aim to surpass a 15% stake [3][5]. Group 2: Financial Performance - As of the end of March, Suzhou Bank reported total assets of 727.154 billion yuan, a 4.82% increase from the beginning of the year, with a non-performing loan ratio of 0.83% [7]. - The bank's first-quarter revenue was 3.25 billion yuan, reflecting a year-on-year growth of 0.76%, while net profit attributable to shareholders was 1.554 billion yuan, up 6.80% year-on-year [7]. Group 3: Convertible Bonds and Market Trends - The bank's convertible bond, "Suzhou Bank Convertible Bond," has triggered a mandatory redemption clause due to a stock price increase of over 30% in 2024, indicating strong market performance [9]. - The total share capital of Suzhou Bank is expected to increase to approximately 3.98 billion shares by January 20, 2025, due to the conversion of convertible bonds [10]. - The trend of shareholders increasing their stakes through convertible bond conversions has been observed in other banks, reflecting a broader recovery in the banking sector's valuation [11].