Core Insights - Nanjing Bank reported a total operating income of 55.54 billion yuan for 2025, marking a year-on-year increase of 10.48% [2][4] - The net profit attributable to shareholders reached 21.807 billion yuan, reflecting an 8.08% growth compared to the previous year [2][4] - Total assets exceeded 3 trillion yuan for the first time, reaching 3.0224 trillion yuan, with a year-on-year growth of 16.63% [3][6] Financial Performance - Operating profit for the year was 26.174 billion yuan, up 6.02% from the previous year [3] - Total profit amounted to 26.094 billion yuan, an increase of 5.85% year-on-year [3] - Basic earnings per share decreased by 3.83% to 1.76 yuan [3] Income Sources - Net interest income surged by 31.08% to 34.902 billion yuan, with its share of total revenue rising from 52.96% to 62.8% [5] - Non-interest income accounted for 47% of total revenue in 2024, indicating a strong performance in financial investments [5] Asset and Loan Growth - Total deposits reached 1.67 trillion yuan, growing by 11.67% year-on-year [5] - Total loans amounted to 1.42 trillion yuan, reflecting a 13.37% increase [5] - The bank's retail customer financial assets (AUM) surpassed 1 trillion yuan, reaching 1.0025 trillion yuan, a growth of 21.23% [6] Market Position and Client Base - The bank expanded its corporate client coverage, with a 19.04% increase in valuable corporate clients [6] - The bank maintained its leading market share in Jiangsu province for non-financial corporate debt financing tools, with an underwriting scale of 271.35 billion yuan [6] Asset Quality - The non-performing loan ratio remained stable at 0.83%, unchanged from the previous year [6] - The provision coverage ratio was 313.31%, down 21.96 percentage points year-on-year [6] - The core Tier 1 capital adequacy ratio was 9.31%, a slight decrease of 0.05 percentage points [6]

通过所选区间该基金净值增长率分位图，可以观察该基金与同类基金业绩比较情况。图为坐标原点到区间内某时点的净值增长率在同类基金中的分位数。 AI基金华夏红利量化选股股票A（021570）披露2025年四季报，第四季度基金利润21.08万元，加权平均基金份额本期利润0.0185元。报告期内，基金净值增 长率为2.47%，截至四季度末，基金规模为1358.84万元。 该基金属于标准股票型基金。截至1月22日，单位净值为1.175元。基金经理是孙然晔，目前管理9只基金。其中，截至1月22日，华夏创业板综合ETF近一年 复权单位净值增长率最高，达50.28%；华夏鼎淳债券A最低，为3.06%。 基金管理人在四季报中表示，四季度，A 股市场企稳，结构性行情明显。行业间分化较大：通信、石油石化、有色金属等行业表现相对较好，而房地产、传 媒、计算机等行业表现较差。红利类权益资产整体走势相对平淡，与市场涨幅相当，基金持仓继续保持红利类资产均衡配置，期间量化策略整体表现较为稳 定。 截至1月22日，华夏红利量化选股股票A近三个月复权单位净值增长率为0.82%，位于同类可比基金106/121；近半年复权单位净值增长率为0.86%，位 ...

Investment Rating - The investment rating for Nanjing Bank is "Buy" (maintained) [9] Core Insights - Nanjing Bank's revenue for 2025 is expected to achieve double-digit growth, exceeding market expectations, with a year-on-year increase of 10.5% in revenue and 8.1% in net profit attributable to shareholders [2][3] - The bank's net interest income is projected to grow by 31% year-on-year, driven by active balance sheet expansion and stable interest margins [2] - The bank's non-performing loan (NPL) ratio and provision coverage ratio remained stable at 0.83% and 313%, respectively, as of the end of Q4 2025 [4] Summary by Sections Revenue Performance - Nanjing Bank's revenue and net profit attributable to shareholders for 2025 are forecasted to grow by 10.5% and 8.1% year-on-year, respectively, with an increase of 1.7 percentage points compared to the first three quarters of 2025 [2][3] - The bank's net interest income is expected to continue its upward trend, supported by strong loan growth and stable interest margins [2] Loan and Deposit Growth - As of Q4 2025, Nanjing Bank's loans and deposits grew by 13.4% and 11.7% year-on-year, respectively, although the growth rates showed a slight slowdown compared to Q3 2025 [3] - The bank is expanding its customer base, with a 19% increase in corporate value clients year-on-year [3] Shareholder Activity - On January 12, 2026, Nanjing Bank disclosed that its major shareholder, Zijin Group, increased its stake by 1% from September 11, 2025, to January 12, 2026, reflecting confidence in the bank's future development [5] Profit Forecast and Valuation - The forecasted growth rates for net profit attributable to shareholders for 2025-2027 are 8.08%, 9.54%, and 8.86%, respectively, with corresponding book values per share (BPS) of 14.64, 16.26, and 17.69 yuan [6] - The target price is maintained at 14.64 yuan per share, implying a target valuation of 0.90 times price-to-book (PB) for 2026, with a potential upside of 40% from the current price [6]

Monetary Policy and Economic Measures - The central bank governor Pan Gongsheng stated that a moderately loose monetary policy will continue in 2026, with room for further cuts in reserve requirement ratios and interest rates to maintain ample liquidity [3] - The first batch of 936 billion yuan of ultra-long special government bonds has been allocated to support approximately 4,500 projects in various sectors, expected to drive total investment exceeding 460 billion yuan [4] - The People's Bank of China will conduct a 900 billion yuan MLF operation on January 23, net injecting 700 billion yuan into the market, marking the 11th consecutive month of increased operations [4] Consumer and Investment Trends - State-owned banks collectively announced the implementation of personal consumption loan interest subsidy policies, allowing some high-quality clients to enjoy effective interest rates in the "2%" range, lower than current housing loan rates [3] - Public funds have focused their fourth-quarter 2025 positions on core sectors such as electronics and power equipment, with Zhongji Xuchuang becoming the largest holding stock [3] Market Performance - The A-share market saw a slight increase, with the Shanghai Composite Index rising 0.14% to 4122.58 points, and the Shenzhen Component Index increasing by 0.5% [6] - The Hong Kong stock market also experienced minor fluctuations, with the Hang Seng Index rising 0.17% to 26629.96 points, and net inflows from southbound funds amounting to 5.166 billion HKD [6] Corporate Developments - Alibaba Group has decided to support its chip company "Pingtouge" for independent listing, with plans for restructuring to a mixed-ownership enterprise [7] - Xiaomi Group has initiated a stock repurchase plan of up to 2.5 billion HKD [9] - Nanjing Bank reported a net profit growth of 8.08% year-on-year for 2025 [9] Regulatory and Policy Updates - The State Administration for Market Regulation has issued a red card for the first time in the public utility sector, prohibiting a merger between two gas companies [10] - Nine departments jointly issued opinions to promote high-quality development in the pharmaceutical retail industry, encouraging mergers and acquisitions among retail pharmacies [10] Economic Indicators - The unemployment rate for urban labor aged 16-24 was reported at 16.5% in December 2025, while the rate for those aged 25-29 was 6.9% [5] - The National Bureau of Statistics reported a 28.1% year-on-year increase in sales revenue for the smart device manufacturing industry in 2025 [10]

•落实个人消费贷款最新财政贴息政策 六大行集体公告 实施细则优化升级 转自：新华财经 •国务院食安办等部门将对预制菜国家标准等公开征求意见 •国际金价突破4900美元 再创历史新高 •中国人民银行党委书记、行长潘功胜接受新华社记者采访，他表示，2026年，中国人民银行将继续实施好适度宽松的货币政策，把促进经济稳定增长、物 价合理回升作为货币政策的重要考量，发挥增量政策和存量政策集成效应，为经济稳定增长、高质量发展和金融市场稳定运行营造良好的货币金融环境，为 实现"十五五"良好开局提供有力的金融支撑。（新华社） •人民银行公告，1月23日，中国人民银行将以固定数量、利率招标、多重价位中标方式开展9000亿元MLF操作，期限为1年期。（新华财经） 图片来源：中国图片社 •近日，工商银行、农业银行、中国银行、建设银行、交通银行、邮储银行均已发布公告，落实个人消费贷款财政贴息政策优化相关服务。具体来看：一是 将个人消费贷款财政贴息政策实施期限延长至2026年12月31日。二是扩大支持范围，将信用卡账单分期业务纳入支持范围。三是拓展贴息领域，取消单笔5 万元及以上消费领域限制。四是提高贴息标准，取消单笔消费贴息金额上限 ...

服务实体坚定有力经营基础持续稳固 2025年，南京银行积极应对复杂严峻的内外部环境，深刻把握金融工作政治性、人民性，持续强化重点 领域和薄弱环节的金融供给，扎实做好金融"五篇大文章"，多措并举服务实体经济、助力提振消费，加 力支持发展新质生产力。凭借清晰的战略目标和坚定的战略定力，该行在日益激烈的市场竞争中巩固了 经营发展根基，高质量发展韧劲十足。 业绩快报显示，截至2025年末，该行总资产突破3万亿元，达30,224.24亿元，同比增长16.63%。各项存 款余额16,707.89亿元，较上年末增长11.67%。各项贷款余额14,243.56亿元，较上年末增长13.37%，经 营向上向好的态势不断稳固。其中，对公存款与对公贷款投放同步提升，规模双双站稳万亿元；对公价 值客户数较上年末增长19.04%；科技金融、绿色金融、普惠小微贷款余额较上年末分别增长19.49%、 30.08%和17.46%；非金融企业债务融资工具全年承销规模2,713.50亿元，江苏省内市场份额连续八年稳 居首位。 改革红利加快释放业务发展均衡协调 过去一年，南京银行坚持价值创造，聚焦"打造国内一流的区域综合金融服务商"的战略愿景，深入 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以南京银行股份 有限公司（以下简称"本公司"）2025年度的定期报告中披露的数据为准，提请投资者注意投资风险。 登录新浪财经APP 搜索【信披】查看更多考评等级 特别提示： 盈利能力不断提升，业务结构持续优化。本公司坚持价值创造理念，围绕高质量发展主线，扎实推进改 革转型，各业务板块协同发力，业绩增长势头良好。报告期内，本公司实现营业收入555.40亿元，同比 增长10.48%；实现归属于上市公司股东的净利润218.07亿元，同比增长8.08%；实现利息净收入349.02 亿元，同比增长31.08%。 资产质量保持稳健，风险防控持续强化。本公司坚持"优化风险管理、增进价值创造"理念，健全完善全 面风险管理体系，持续抓好资产质量管理。坚持严管严控策略，加强形势监测与过程管控，深化信用风 险排查与预警管理，保持资产质量平稳运行。截至报告期末，本公司不良贷款率0.83%，拨备覆盖率 313.31%。 三、风 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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！ 证券简称: 南京银行 证券代码:601009 编号:2026-003 注：每股收益和净资产收益率按照《公开发行证券的公司信息披露编报规则第9号一一净资产收益率和 每股收益的计算及披露》计算，考虑了优先股股息、永续债利息发放及可转债转股等影响。 二、经营业绩和财务状况情况说明 2025年是"十四五"规划收官之年，也是本公司新时期高质量发展的攻坚之年。本公司牢牢把握金融工作 的政治性、人民性，与区域经济发展同频共振，加快推动新五年战略规划落地实施，聚焦重点领域全面 深化改革，不断激发新的发展活力动能，实现了规模、效益和质量的均衡协调发展，取得了稳中有进、 向上向好的经营业绩，高质量发展成色更加彰显。 优先股简称：南银优2 优先股代码：360024 南京银行股份有限公司2025年度业绩快报公告 特别提示： 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计 ...

南京银行近日披露2025年度业绩快报，经营业绩稳步增长。报告期内，该行实现营业收入555.4亿元， 较上年同期增长10.48%；归属于上市公司股东的净利润达218.07亿元，同比增幅为8.08%，盈利能力保 持稳健态势。 | 项目 | 本报告期 | 上年同期 | 增减变动幅度(%) | | --- | --- | --- | --- | | | (未经审计) | (经审计) | | | 营业收入 | 555. 40 | 502. 73 | 10. 48 | | 营业利润 | 261. 74 | 246. 88 | 6. 02 | | 利润息额 | 260. 94 | 246. 53 | 5. 85 | | 归属于上市公司股东的净 | 218. 07 | 201. 77 | 8.08 | | 利润 | | | | | 归属于上市公司股东的扣 | 216. 78 | 199. 37 | 8.73 | | 除非经常性损益的净利润 | | | | | 基本每股收益(元/股) | 1. 76 | 1.83 | -3.83 | | 加权平均净资产收益率(%) | 12. 04 | 12. 97 | 下降 0.93个百分点 ...

AI基金大摩优享六个月持有期混合A（012368）披露2025年四季报，第四季度基金利润942.15万元，加权平均基金份额本期利润0.0276元。报告期内，基金 净值增长率为2.98%，截至四季度末，基金规模为2.97亿元。 该基金属于偏股混合型基金。截至1月21日，单位净值为0.91元。基金经理是余斌和缪东航。 基金管理人在四季报中表示，本基金长期看好低波红利板块，目前中国的经济发展日趋成熟，经济增速将出现一定程度的放缓，因此未来中国企业的利润增 长速度也将跟随经济放缓。企业产能扩张的需求减少，企业将减少资本开支，自由现金流将大幅改善，企业将提升分红以回报投资者。 十年期国债收益率目前仍然处于低位，低波红利指数的股息率平均而言显著高于十年期国债收益率，这将有利于红利板块的估值提升。即便红利板块的估值 由于市场风格原因未能提升，我们认为持有高红利股票获得稳定分红，也能让基金获得显著高于国债收益率的回报。 截至1月21日，大摩优享六个月持有期混合A近三个月复权单位净值增长率为0.93%，位于同类可比基金557/621；近半年复权单位净值增长率为1.05%，位于 同类可比基金598/621；近一年复权单位净值增长 ...