Market Performance - The city commercial bank sector increased by 1.64% on September 24, with Qilu Bank leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Individual Stock Performance - Qilu Bank closed at 5.87, with a rise of 1.73% and a trading volume of 1.0666 million shares, amounting to a transaction value of 624 million yuan [1] - Hangzhou Bank closed at 15.32, up 0.66%, with a trading volume of 451,600 shares and a transaction value of 691 million yuan [1] - Zhengzhou Bank closed at 2.03, up 0.50%, with a trading volume of 920,500 shares and a transaction value of 18.7 million yuan [1] - Nanjing Bank closed at 11.01, up 0.46%, with a trading volume of 1.7333 million shares and a transaction value of 806 million yuan [1] - Other banks such as Changsha Bank, Ningbo Bank, and Qingdao Bank also showed slight increases in their stock prices [1] Capital Flow Analysis - The city commercial bank sector experienced a net outflow of 69.1764 million yuan from institutional investors, while retail investors saw a net inflow of 55.8208 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors continued to invest [2] Detailed Capital Flow for Selected Banks - Ningbo Bank had a net inflow of 74.388 million yuan from institutional investors, but a net outflow of 51.098 million yuan from speculative funds [3] - Shanghai Bank saw a net inflow of 17.1761 million yuan from institutional investors, while retail investors had a net outflow of 30.1701 million yuan [3] - Chengdu Bank experienced a net inflow of 16.3117 million yuan from institutional investors, with a net outflow from retail investors [3]

Group 1 - The core viewpoint of the news is that Ningbo Bank is actively engaging with institutional investors to discuss its strategies and outlook, particularly in loan growth and capital management [1] Group 2 - Ningbo Bank has been focusing on supporting private small and micro enterprises and the manufacturing sector, leading to steady growth in loan scale [1] - The bank plans to expand its financial services coverage and maintain reasonable credit growth to support the real economy, aided by policies aimed at boosting domestic demand and consumption [1] - Following the release of new regulations by the National Financial Supervision Administration in November 2024, Ningbo Bank is researching and monitoring the implementation of advanced capital measurement methods [1] - The bank aims to maintain asset quality at a relatively good level despite challenges posed by economic cycles and changing circumstances, utilizing a comprehensive credit risk management approach [1]

Core Viewpoint - The announcement by Daoming Optical indicates that its controlling shareholder, Daoming Investment, has released 30 million shares from pledge, which represents 12.02% of its holdings and 4.80% of the total share capital of the company [1] Summary by Relevant Sections - **Pledge Release Details** - Daoming Investment released 30 million shares from pledge, effective September 23, 2025 [1] - The shares were initially pledged on September 25, 2024 [1] - The pledge release involves a creditor, Ningbo Bank Jinhua Branch [1] - **Current Pledge Status** - As of the announcement date, Daoming Investment and its concerted parties have a total of 83.8 million shares pledged, which accounts for 13.42% of the company's total share capital [1] - **Financial Stability and Impact** - The controlling shareholder has the financial capability to repay the pledged shares [1] - There is no risk of forced liquidation or transfer of shares, and this situation will not lead to a change in control of the company [1] - The overall impact on the company is deemed negligible [1]

Group 1: Loan Growth and Support for the Economy - The company has focused on key sectors such as private small and micro enterprises, manufacturing, import-export businesses, and consumer services to enhance financial services and support the real economy, resulting in steady loan growth [2] - Future loan growth is expected to be maintained due to ongoing policy benefits aimed at expanding domestic demand and promoting consumption [2] Group 2: Capital Measurement and Regulatory Compliance - The company is actively researching the implementation of advanced capital measurement methods as per the new regulations issued by the National Financial Supervision Administration [2] - The bank is closely monitoring regulatory developments and the progress of peers in applying for advanced measurement methods [2] Group 3: Asset Quality Outlook - The bank anticipates challenges in asset quality management due to economic fluctuations and changes in domestic and international situations [2] - The company will focus on key areas and adhere to risk management principles, employing a comprehensive credit risk management process supported by financial technology [2] - Asset quality is expected to remain at a relatively good level within the industry [2] Group 4: Investor Communication and Compliance - During the investor relations activity, the company ensured thorough communication with investors while adhering to disclosure regulations, with no significant undisclosed information leaks reported [2]

Report Summary 1. Reported Industry Investment Rating No information provided. 2. Core Viewpoints of the Report - The company adheres to a differentiated business strategy, adapts to the changing business environment, and accumulates comparative advantages to drive high - quality development [23]. - The company focuses on the relationship between dividends and internal capital growth, and internal capital will create greater value for the company's development [24]. - The company will actively respond to the changing business environment, focus on key areas, and maintain its asset quality at a relatively good level in the industry [24][25]. 3. Summary by Relevant Catalogs 3.1. Research Basic Situation - Research object: Ningbo Bank [16] - Industry: Banking [16] - Reception time: September 23, 2025 [16] - Listed company reception personnel: The company's investor relations team [16] 3.2. Detailed Research Institutions | Detailed Research Institutions | Reception Object Type | Institution - Related Personnel | | --- | --- | --- | | Marshall Wace LLP | Others | Isabella Huang | | Aberdeen Asset Management PLC | Asset management company | Alec Jin | | Public Sector Pension Investment Board | Investment company | Grace Li | | Millennium Capital Management (Hong Kong) Limited | Asset management company | Sharon Li | | Millennium Capital Management Ltd. | Others | Jerry Lou | | Morgan Stanley Investment Management Inc | Asset management company | Jerry Peng | | Robeco Institutional Asset Management B.V. | Fund management company | Angela Qin | | North Rock Capital Management, LLC | Others | Hu Shen | [17] 3.3. Research Institution Proportion No information provided. 3.4. Main Content Data - **Advantages in industry competition**: The company adheres to a differentiated business strategy, deepens the main business line, strengthens professional operation, accelerates technological transformation, and guards the risk bottom - line [23]. - **Refinancing and internal growth**: The company coordinates the relationship between dividends and internal capital growth. Given the current regulatory requirements for refinancing, internal capital will create greater value for the company [24]. - **Outlook on future asset quality**: The company will actively respond to the changing business environment, focus on key areas, and use the "Four - modernization and Five - assistance" service system and improve the full - process credit risk management. The asset quality is expected to remain at a relatively good level in the industry [24][25]

Core Viewpoint - The banking sector showed a positive performance with a 1.52% increase, while the overall market experienced a slight decline of 0.18% on September 23, 2023 [1] Market Performance - The Shanghai Composite Index fell by 0.18% on September 23, 2023 - Among the sectors, five industries saw gains, with banking and coal being the top performers, increasing by 1.52% and 1.11% respectively - The sectors that faced the largest declines were social services and retail trade, with decreases of 3.11% and 2.90% respectively [1] Capital Flow - The net outflow of capital from the two markets reached 996.85 billion yuan, with only three sectors experiencing net inflows - The banking sector had a net inflow of 14.00 billion yuan, while the construction and decoration sector saw a net inflow of 1.69 billion yuan, and the coal sector had a minor net inflow of 399.41 million yuan - A total of 28 sectors experienced net outflows, with the electronics sector leading with a net outflow of 200.43 billion yuan, followed by the computer sector with 166.60 billion yuan [1] Banking Sector Details - The banking sector had 42 stocks, with 40 stocks rising and only one stock declining - The top three banks by net inflow were Industrial and Commercial Bank of China (4.62 billion yuan), Bank of China (2.50 billion yuan), and China Merchants Bank (2.36 billion yuan) [2] - The stocks with the largest net outflows included Ningbo Bank (1.81 billion yuan), Chengdu Bank (1.03 billion yuan), and Shanghai Pudong Development Bank (967.62 million yuan) [2][3] Individual Stock Performance - The top performing bank stocks included: - Industrial and Commercial Bank of China: +3.06% with a net inflow of 462.06 million yuan - Bank of China: +1.73% with a net inflow of 249.79 million yuan - China Merchants Bank: +1.54% with a net inflow of 236.27 million yuan - Other notable performers included Agricultural Bank of China (+2.47%) and China Construction Bank (+3.03%) [2][3]

登录新浪财经APP 搜索【信披】查看更多考评等级 公告送出日期：2025年9月23日 1 公告基本信息 ■ 2 申购、赎回业务的办理时间 2.1开放日 根据本基金《基金合同》、《招募说明书》的规定，本基金以定期开放的方式运作，即采用封闭运作和 开放运作交替循环的方式。本基金的封闭期为自基金合同生效之日起（包括基金合同生效之日）或自每 一开放期结束之日次日起（包括该日）至该封闭期首日所对应的一年年度对日的前一日止，如该对日为 非工作日，则封闭期至该对日的下一个工作日的前一日止。本基金封闭期内不办理申购与赎回业务，也 不上市交易。本基金自每个封闭期结束之后第一个工作日起（包含该日）进入开放期，期间可以办理申 购与赎回业务。每个开放期不少于2个工作日，并且最长不超过20个工作日。开放期的具体时间以基金 管理人届时公告为准，且基金管理人最迟应于开放期前2日进行公告。 本基金的第五个封闭期为自2024年9月26日起至2025年9月25日止。本基金第五次办理申购、赎回以及转 换业务的开放期为2025年9月25日之后第一个工作日起5个工作日的期间，即2025年9月26日至2025年10 月10日。本基金在上述开放期内的每个 ...

1.公告基本信息 ■ 公告送出日期：2025年9月23日 登录新浪财经APP 搜索【信披】查看更多考评等级 本基金办理基金份额的申购和赎回的开放日为开放期内的每个工作日，具体办理时间为上海证券交易 所、深圳证券交易所的正常交易日的交易时间，但基金管理人根据法律法规、中国证监会的要求或本基 金合同的规定公告暂停申购、赎回时除外。 基金管理人不得在基金合同约定之外的日期或者时间办理基金份额的申购、赎回或者转换。在开放期 内，投资人在基金合同约定之外的日期和时间提出申购、赎回或转换申请且登记机构确认接受的，其基 金份额申购、赎回或转换价格为该开放期内下一开放日基金份额申购、赎回或转换的价格；但若投资人 在开放期最后一日业务办理时间结束之后提出申购、赎回或者转换申请的，视为无效申请。开放期以及 开放期办理申购与赎回业务的具体事宜见招募说明书及基金管理人届时发布的相关公告。 3.日常申购业务 3.1申购金额限制 原则上，投资者通过基金管理人之外的销售机构首次单笔申购本基金的最低金额为1元（含申购费，下 同），追加申购单笔最低金额为1元；通过本基金管理人直销柜台申购，首次最低申购金额为1元，追加 申购单笔最低金额为1元。 ...

Group 1: Competitive Advantage and Business Strategy - The company adopts a differentiated business strategy to adapt to changes in the operating environment, focusing on sustainable development and high-quality growth [2] - Key strategies include deepening operational focus, strengthening core advantages, accelerating technological transformation, and maintaining risk management to ensure stable operations [2] Group 2: Capital Growth and Financing - The company emphasizes the long-term relationship between dividends and internal capital growth, ensuring a solid capital foundation for sustainable business development [2] - Internal capital is expected to create greater value for the company's development, with a commitment to enhancing performance and maintaining steady internal capital growth for shareholder returns [2] Group 3: Asset Quality Outlook - The company acknowledges new challenges in asset quality management due to economic fluctuations and changes in domestic and international situations [2] - It plans to focus on key areas, adhere to risk management principles, and implement prudent credit policies while enhancing risk monitoring through financial technology [2] - The asset quality is projected to remain at a relatively good level within the industry [2]

Market Overview - The Shanghai Composite Index is at 3791.74 points, above the six-month moving average, with a decline of 0.96% [1] - The total trading volume of A-shares today is 20,575.39 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 21 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Hengrun Co., Ltd. with a deviation rate of 7.76% and a price increase of 9.98% [1] - Air China Ocean with a deviation rate of 3.61% and a price increase of 4.31% [1] - Dongfeng Motor with a deviation rate of 3.61% and a price increase of 4.09% [1] Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the six-month moving average include: - Changqing Co., Ltd. with a deviation rate of 0.01% and a price increase of 1.05% [2] - China Railway Construction with a deviation rate of 0.08% and a price increase of 0.25% [2] - China Academy of Building Research with a deviation rate of 0.08% and a price increase of 1.22% [2]