消息面上，1月28日，青岛银行发布2025年度业绩快报，营业收入145.73亿元人民币，同比增加7.97%； 归属于母公司股东的净利润51.88亿元，同比增加21.66%；基本每股收益0.85元。 截至2025年末，本公司资产总额8149.60亿元，比上年末增加1249.97亿元，增长18.12%，其中，客户贷 款总额3970.08亿元，比上年末增加563.19亿元，增长16.53%；负债总额7647.06亿元，比上年末增加 1196.42亿元，增长18.55%，其中，客户存款总额5028.99亿元，比上年末增加708.75亿元，增长 16.41%。 资产质量迈上新台阶。不良贷款实现额率"双降"，不良贷款率降至1.00%以下。截至2025年末，本公司 不良贷款余额38.41亿元，比上年末减少0.32亿元，不良贷款率0.97%，比上年末下降0.17个百分点。拨 备覆盖率292.30%，比上年末提高50.98个百分点。 青岛银行(03866)一度涨超6%，截至发稿，涨6.55%，报4.23港元，成交1425.1万港元。 智通财经APP获悉，青岛银行(03866)一度涨超6%，截至发稿，涨6.55%，报4.23港元 ...

Investment Rating - The report maintains a "Recommended" rating for Qingdao Bank, indicating a positive outlook for the company's stock performance relative to market benchmarks [4][19]. Core Views - Qingdao Bank reported significant improvements in profitability, with a 2025 net profit of 5.19 billion, reflecting a year-on-year growth of 21.7% [1][2]. - The bank's asset quality has improved, with a non-performing loan (NPL) ratio of 0.97%, down 3 basis points from the previous quarter, and a provision coverage ratio of 292.3%, up 22.3 percentage points [1][3]. - The growth in net interest income is driven by strong loan demand and an improved cost of liabilities, with total loans and assets growing by 16.5% and 18.1% year-on-year, respectively [2][3]. Summary by Sections Financial Performance - In 2025, Qingdao Bank achieved an operating income of 14.57 billion, an 8% increase year-on-year, with net interest income expected to maintain rapid growth due to stable interest margins [2][4]. - The bank's net profit growth rate is projected to be 21.7% for 2025, with a significant increase in profitability compared to previous quarters [2][4]. Asset Quality - The non-performing loan balance decreased to 3.841 billion, with a notable reduction in the NPL ratio, indicating improved asset quality [3]. - The provision coverage ratio has strengthened, reflecting a robust buffer against potential loan losses, with a significant increase in provisions compared to the previous year [3]. Growth Prospects - The bank is expected to continue benefiting from the economic growth in Shandong province, which supports its expansion efforts [4]. - Future net profit growth is forecasted at 21.7%, 20.4%, and 20.2% for the years 2025 to 2027, respectively, with corresponding book value per share (BVPS) estimates of 7.35, 8.45, and 9.75 yuan [4][9].

亚商投顾熊舞老师提醒大家：股市有风险，投资需要多加小心，避免不必要的风险。 一、大盘 1.盘面 上证指数早盘小幅高开，随后窄幅震荡，午后再度小幅震荡，截止收盘，指数上涨0.16%，收出十字线，全天成交额1.49万亿，相比上交易日的1.37万亿， 增加了1200亿。 深证成指早盘小幅低开，随后冲高回落，午后低位震荡，截止收盘，指数下跌0.30%，收出十字线，全天成交额1.74万亿，相比上交易日的1.60万亿，增加 了1400亿。 2.技术分析 图片来源：东方财富 上证指数今日依旧小幅震荡，沿着5日线稳健攀升，整体来看趋势仍属多头主导的温和上行格局；不过从分时图上可清晰观察到黄白线午后再度背离，指数 虽稳如泰山，但个股似乎并没那么乐观，跌多涨少格局再度凸显，赚钱效应持续萎缩，所以近几日大家的体感并不好，多数个股并不跟随指数上涨，反而出 现"赚指数不赚钱"现象。且最近"权重"与"题材"形成了跷跷板效应，资金在权重蓝筹与题材成长之间快速腾挪，导致二者此消彼长、节奏错位；所以操作上 务必严守"高低切换"纪律，避免追高已兑现品种，优先关注低位启动、量价配合良好、且具备业绩支撑的科技细分龙头。 深证成指今日窄幅震荡，小幅收 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 今日，A股小幅震荡，主要股指涨跌互现，大盘蓝筹股全线走强，上证50盘中一度大涨逾2%，上证指 数、沪深300等也小幅飘红，科技成长股有所调整，科创50大跌逾3%，创业板指、北证50等也小幅下 挫。下跌个股远多于上涨个股，成交温和放大至3.26万亿元。 Wind实时监测数据显示，传媒行业获得逾220亿元主力资金净流入，食品饮料获得逾168亿元净流入， 计算机获得逾138亿元净流入，有色金属获得逾73亿元净流入，房地产获得逾51亿元净流入，非银金 融、银行均获得超40亿元净流入。电子行业则遭主力资金净流出逾364亿元，电力设备净流出逾54亿 元，国防军工、机械设备均净流出超20亿元。 个股方面，蓝色光标获得逾45亿元净流入，科大讯飞获得逾36亿元净流入，五粮液、铜陵有色均获得超 20亿元净流入，北方稀土、盛和资源等11股也获得超10亿元净流入。 | HCRa | 名称 | 现价 | 主力净流入额 ▼ | | --- | --- | --- | --- | | 600519 | 贵州茅台 1437.72 c | | 57.08亿 | | 30 ...

Group 1 - The city commercial bank sector increased by 2.54% on January 29, with Qingdao Bank leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] - The trading volume for Qingdao Bank was 1.9862 million shares, with a transaction value of 990 million yuan, reflecting a 9.94% increase in its closing price to 5.09 yuan [1] Group 2 - The net inflow of main funds in the city commercial bank sector was 702 million yuan, while retail investors experienced a net outflow of 548 million yuan [1] - The main fund inflow for Jiangsu Bank was 322 million yuan, accounting for 14.99% of its total trading volume [2] - Ningbo Bank saw a main fund inflow of 151 million yuan, representing 11.12% of its trading volume, while retail investors had a net outflow of 149 million yuan [2]

Market Overview - The Shanghai Composite Index experienced narrow fluctuations, while the STAR 50 Index saw a significant decline. The total trading volume in the A-share market exceeded 3 trillion yuan, returning to above 30 billion yuan [1] - The Shanghai Composite Index closed up 0.16% at 4157.98 points, with the SSE 50 Index rising 1.65%. The Shenzhen Component Index fell 0.3%, and the ChiNext Index dropped 0.57%. The STAR 50 Index fell over 3% [1] Sector Performance Alcohol Sector - The alcohol sector witnessed a notable surge, with approximately 20 stocks hitting the daily limit. Notable performers included Gujing Gongjiu, Shanxi Fenjiu, Wuliangye, and Luzhou Laojiao, with Kweichow Moutai rising nearly 9% to surpass 1400 yuan [3][5] - Institutions indicate that as the Spring Festival approaches, demand for inventory is gradually increasing, and the stabilization of prices from leading liquor companies is becoming evident. This is expected to lead to a valuation recovery in the liquor sector post-Spring Festival [5] Financial Sector - The financial sector also showed strength, with significant gains in insurance, banking, and brokerage stocks. China Ping An rose over 5%, while China Pacific Insurance and China Life increased by over 4% and nearly 3%, respectively [8] - The banking sector is expected to maintain its appeal due to high dividends and low valuations, despite recent passive fund outflows causing some disturbances in liquidity [9] - The brokerage sector is anticipated to continue its upward trajectory, supported by strong fundamentals and potential catalysts from favorable financial policies [9] AI Application Sector - The AI application sector was notably active, with companies like Yinsai Group and Tianlong Group hitting the daily limit, and BlueFocus reaching a historical high with a nearly 15% increase [11][13] - The demand for computing power is expected to rise due to the rapid iteration of AI models and applications, indicating a positive outlook for the AI application and computing power sectors [13]

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证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 青岛银行(002948) | | | | | | [Table_Author] 张晓辉 银行业分析师 ➢ 规模扩张势头强劲，存贷业务同步发力。截至 2025 年末，青岛银行资 产总额突破 8000 亿元大关，达 8149.60 亿元，同比增幅高达 18.12%， 在同业"慢扩表"趋势下实现逆势高增。贷款端，客户贷款总额达 3970.08 亿元，同比增长 16.53%，信贷投放聚焦本土实体经济，紧扣科技金融、 绿色金融等特色赛道，投放力度持续加大；存款端，客户存款总额达 5028.99 亿元，同比增长 16.41%，存贷规模协同增长，资金端根基愈 发稳固，为业务发展提供坚实支撑。 ➢ 盈利表现亮眼，效率持续提升。2025 年，青岛银行实现营业收入 145.73 亿元，同比增长 7.97%；归母净利润 51.88 亿元，同比增长 21.66%， 盈利弹性凸显。公司积极应对资产收益率下行等经营挑战，扩规模、调 结构、降成本，同时，加权平均净资产收益率回升至 12.68%，同比提 高 1.17 个百分 ...

执业证书编号：S0740519050002 城商行Ⅱ 详解青岛银行 2025 业绩快报： 资产质量改善显著，业绩维持高增 Email：dengmj@zts.com.cn 执业证书编号：S0740524090004 Email：yangcl@zts.com.cn | 总股本(百万股) | 5,820.35 | | --- | --- | | 流通股本(百万股) | 5,404.45 | | 市价(元) | 4.63 | | 市值(百万元) | 26,948.24 | | 流通市值(百万元) | 25,022.59 | 2025-10-29 2025-08-31 3、《详解青岛银行 2024 年报：业绩 高增；资产质量优化；制造业投放显 著回升》2025-03-28 | 证券研究报告/公司点评报告 | | --- | | 2026 | | 月 29 | | 青岛银行（002948.SZ） 年 01 日 | | 评级： 增持（维持） | 公司盈利预测及估值 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | 2023A | ...

详解青岛银行 2025 业绩快报： 资产质量改善显著，业绩维持高增 城商行Ⅱ 执业证书编号：S0740519050002 Email：dengmj@zts.com.cn 执业证书编号：S0740524090004 Email：yangcl@zts.com.cn | 总股本(百万股) | 5,820.35 | | --- | --- | | 流通股本(百万股) | 5,404.45 | | 市价(元) | 4.63 | | 市值(百万元) | 26,948.24 | | 流通市值(百万元) | 25,022.59 | 2025-10-29 2025-08-31 3、《详解青岛银行 2024 年报：业绩 高增；资产质量优化；制造业投放显 著回升》2025-03-28 | 证券研究报告/公司点评报告 | | --- | | 2026 | | 月 29 | | 青岛银行（002948.SZ） 年 01 日 | | 评级： 增持（维持） | 公司盈利预测及估值 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | 2023A | ...