本行及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、审议程序 1. 苏州银行股份有限公司（以下简称"本行"）于 2025 年 10 月 29 日召开 第五届董事会第二十九次会议，审议通过了《关于苏州银行股份有限公司 2025 年中期利润分配方案的议案》。 2. 根据本行 2024 年度股东会授权，本次利润分配方案不需提交股东会审议。 证券代码：002966 证券简称：苏州银行 公告编号：2025-082 苏州银行股份有限公司 2025 年中期利润分配方案公告 根据安永华明会计师事务所（特殊普通合伙）审定的 2024 年度财务报表， 截至 2024 年 12 月 31 日，本行母公司经审计的未分配利润为 1,411,703.69 万元。 2025 年上半年，本行母公司实现净利润 304,155.60 万元（未经审计），本行合 并报表中归属于母公司股东净利润为 313,436.20 万元（未经审计），扣除 2025 年上半年发放的无固定期限资本债券利息合计 23,310.00 万元后，合并报表中归 属于母公司普通股股东净利润为 290,126.20 万元（未经审计） ...

Financial Performance - Operating income for Q3 2025 reached RMB 2,973,541, an increase of 2.49% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was RMB 1,342,724, reflecting a growth of 9.45% year-on-year[5] - The net profit for the first nine months of 2025 was RMB 4.652 billion, representing a year-on-year increase of RMB 322 million or 7.43%[27] - Net interest income rose to ¥6.51 billion, an increase from ¥5.98 billion, marking a growth of approximately 8.8% year-over-year[42] - The total comprehensive income attributable to shareholders was ¥3.19 billion, down from ¥4.38 billion, a decrease of approximately 27.2%[43] Assets and Liabilities - Total assets as of September 30, 2025, amounted to RMB 776,039,980, representing an increase of 11.87% from the end of the previous year[6] - The total liabilities increased to RMB 714.62 billion, an increase of RMB 76.16 billion or 11.93% compared to the beginning of the year[27] - The bank's net asset attributable to shareholders was RMB 59,153,099, up 11.80% compared to the end of last year[6] - The total amount of loans and advances issued is RMB 356.22 billion, reflecting growth compared to the previous period[38] - The total cash and cash equivalents at the end of the period reached CNY 18.95 billion, up from CNY 11.91 billion year-over-year[47] Loans and Deposits - The loan and advance amount reached RMB 356,224,443, marking an increase of 11.15% from the previous year-end[9] - Total deposits increased to RMB 482,422,584, a rise of 12.87% compared to the end of last year[9] - The net increase in customer deposits was ¥53.82 billion, slightly down from ¥54.17 billion in the previous year[45] Capital Adequacy and Asset Quality - The core tier 1 capital adequacy ratio stood at 9.79%, slightly up from 9.38% at the end of last year[13] - The provision coverage ratio was reported at 420.59%, indicating a stable asset quality[27] - The non-performing loan ratio remained stable at 0.83%, consistent with the previous year's figure[13] - The non-performing loan ratio remained stable at 0.83%, unchanged from the beginning of the year[27] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 65,120[32] - The largest shareholder, Suzhou International Development Group Co., Ltd., holds 15.20% of shares, totaling 679,614,894 shares[32] - The company plans to increase shareholding by at least RMB 400 million within six months starting from July 1, 2025[34] Cash Flow and Financing Activities - The net cash flow from operating activities was ¥28.07 billion, compared to ¥24.20 billion in the previous year, indicating a growth of approximately 15.5%[46] - The net cash flow from financing activities was CNY 9.90 billion, an increase from CNY 4.45 billion in the previous year[47] - The cash outflow from financing activities totaled CNY 160.14 billion, compared to CNY 154.38 billion in the previous year[47] - The net increase in cash and cash equivalents for the period was CNY 4.10 billion, a significant recovery from a decrease of CNY 773.98 million in the previous year[47] Investments - The company holds a total of RMB 187 billion in the ten largest financial bonds, primarily policy financial bonds[36] - The company’s financial investments include RMB 74.87 billion in debt investments and RMB 129.41 billion in other debt investments[38] - The company’s trading financial assets increased to RMB 86.37 billion from RMB 76.42 billion[38]

Core Insights - Suzhou Bank Co., Ltd. announced the results of its procurement framework for medical green channel and health check services for 2025 on October 27, 2025 [1] Group 1: Company Overview - Suzhou Bank has invested in 8 enterprises and participated in 1,993 bidding projects [1] - The bank holds 148 trademark registrations, 4 patents, and 58 copyright registrations [1] - Additionally, the bank possesses 106 administrative licenses [1] Group 2: Procurement Details - The procurement was awarded to Suzhou Gusu Meizhao Health Check Center Co., Ltd. [2] - The announcement was made in Jiangsu Province [2] - The publication date of the procurement results is October 27, 2025 [2]

Core Viewpoint - The city commercial bank sector experienced a decline of 2.43% on October 29, with Chengdu Bank leading the drop, while the overall stock market indices showed an increase [1][2]. Market Performance - The Shanghai Composite Index closed at 4016.33, up 0.7% - The Shenzhen Component Index closed at 13691.38, up 1.95% [1]. Individual Stock Performance - Chengdu Bank saw a significant decline of 5.74%, closing at 17.07 - Other notable declines included Xiamen Bank (-4.90%), Jiangsu Bank (-3.84%), and Qingdao Bank (-3.66%) [2]. - Chongqing Bank was one of the few gainers, with a slight increase of 0.84%, closing at 10.76 [1]. Trading Volume and Turnover - Chengdu Bank had a trading volume of 1.298 million shares, with a turnover of 22.27 million yuan - Jiangsu Bank had a trading volume of 2.039 million shares, with a turnover of 2.164 billion yuan [2]. Capital Flow Analysis - The city commercial bank sector saw a net outflow of 742 million yuan from institutional investors, while retail investors contributed a net inflow of 410 million yuan [2]. - The data indicates that speculative funds had a net inflow of 331 million yuan [2]. Individual Stock Capital Flow - Qingdao Bank had a net inflow of 61.11 million yuan from institutional investors, while it experienced a net outflow of 59.42 million yuan from speculative funds [3]. - Nanjing Bank also saw a net inflow of 43.97 million yuan from institutional investors, but a net outflow of 34.08 million yuan from speculative funds [3].

Group 1: Industry Overview - The report highlights that the financial sector will focus on serving the real economy, emphasizing the importance of supporting key areas such as technology, green initiatives, and digital transformation during the 14th Five-Year Plan period [3][4] - The People's Bank of China (PBOC) has established a policy framework to enhance financial support for technological innovation, indicating a sustained increase in loans to technology-oriented small and medium-sized enterprises, with a growth rate of 22.3% in Q3 2025 [4][5] - The report notes that the monetary policy will maintain its current stance, with an emphasis on macroeconomic policies to support high-quality development and mitigate local government debt risks [5][6] Group 2: Regional Banking Dynamics - The report discusses the potential for regional banks to expand their assets, driven by the economic growth in major provinces, which are expected to play a pivotal role in regional economic development [6][7] - It emphasizes the collaboration between regional banks and local fiscal policies, which is anticipated to enhance their capacity to serve the real economy and promote industrial upgrades [6][7] Group 3: Investment Recommendations - The report suggests that regional banks are likely to benefit from the demonstration effect of economic powerhouses, with asset expansion expected to remain resilient [7][8] - It recommends focusing on state-owned banks for their stable high dividend yields and suggests potential valuation recovery opportunities for joint-stock and regional banks, specifically naming banks such as CITIC Bank, Jiangsu Bank, Chengdu Bank, and others [8]

Macroeconomic Information and Commentary - Recent US-China trade negotiations in Kuala Lumpur focused on key economic issues, including maritime logistics and shipbuilding industry measures, resulting in a basic consensus on addressing mutual concerns [2] - The State Council's financial work report emphasizes high-quality financial services for the real economy, with a focus on technology innovation, consumption, small and micro enterprises, and stabilizing foreign trade [2] Company and Industry Analysis Electronics Industry - The electronics sector saw an 8.49% increase last week, with semiconductor and consumer electronics indices rising by 8.01% and 9.38% respectively [5] - Notable companies in the electronics sector include Yunhan Chip City and Yuanjie Technology, while companies like Abison and Huatian Technology lagged behind [5] - The electronics sector's PE ratio (TTM) is 66.18X, up 5.10X week-on-week, indicating a high valuation relative to historical levels [5] - Storage prices have surged, with DRAM and NAND Flash prices increasing by 15%-20%, driven by AI demand, suggesting a sustained positive outlook for the storage market [6] - Investment opportunities are identified in AI infrastructure, edge SOC, foldable smartphone supply chains, and the storage industry, maintaining an "overweight" rating for the electronics sector [6] Medical Services Industry - WuXi AppTec reported a revenue increase of 18.61% year-on-year for the first three quarters of 2025, with a significant rise in net profit [8] - The company's gross margin improved to 46.62%, driven by operational efficiency and the sale of shares in a joint venture [9] - The chemical business segment showed robust growth, particularly in TIDES (oligonucleotide and peptide drugs), which saw a revenue increase of 121.1% [10] - The company expects a return to double-digit growth in its ongoing business, raising revenue forecasts for 2025-2027 [11] Banking Industry - Policy banks have deployed over 330 billion yuan in new financial tools to stimulate credit demand, with a focus on infrastructure and emerging sectors like AI [12] - The introduction of these financial tools is expected to support medium to long-term corporate loans and improve the loan structure [12] - The banking sector is anticipated to benefit from the increased investment demand, particularly in regional banks, with a recommendation to focus on state-owned banks and select regional banks for their stable dividend yields [13]

Core Insights - Suzhou Bank has achieved significant growth in asset scale, deposits, and loans, with total assets exceeding 750 billion yuan, a year-on-year increase of 8.83% [1] - The bank's revenue reached 6.504 billion yuan, and net profit attributable to shareholders was 3.134 billion yuan, reflecting year-on-year growth of 1.81% and 6.15% respectively [2] - The bank maintains a low non-performing loan ratio of 0.83%, indicating strong asset quality amidst increasing competition in the regional banking sector [5] Financial Performance - Total deposits amounted to 462.752 billion yuan, with a growth of 10.98% year-on-year, while total loans reached 363.497 billion yuan, growing by 9.04% [1] - The cost-to-income ratio improved to 30.51%, down 6.28 percentage points from the end of the previous year, enhancing operational efficiency [2] Strategic Initiatives - Suzhou Bank is leveraging a "dual-engine" strategy focusing on "Science and Technology Innovation + Cross-border" and "People's Livelihood + Wealth Management" to drive high-quality development [3] - The bank has established a comprehensive support system for innovative enterprises, with over 13,000 clients and a total credit amount exceeding 130 billion yuan in the science and technology sector [3] - Cross-border financial services have seen significant growth, with international settlement volume surpassing 13.6 billion USD, a year-on-year increase of 30% [3] Asset Quality and Risk Management - The bank's non-performing loan ratio remains stable at 0.83%, with a provision coverage ratio of 437.91%, indicating robust asset quality [5] - Core Tier 1 capital adequacy ratio stands at 9.87%, with total capital adequacy ratio at 14.57%, positioning the bank among the top tier of listed banks in terms of risk indicators [5] Technological Empowerment - Suzhou Bank has enhanced its risk management capabilities through the optimization of its intelligent risk control system and the implementation of advanced data analytics [6] - The bank is committed to exploring new growth opportunities in financial technology applications, consumer finance services, and cross-border business expansion to adapt to changing market conditions [6]

Investment Rating - The investment rating for the industry is "Positive" (maintained) [1] Core Insights - The report highlights that retail non-performing loan (NPL) rates and generation rates are currently high, indicating ongoing pressure on bank profitability. Despite a low overall NPL rate, the retail sector shows signs of risk, with a marginal increase in the NPL rate to 1.28% [14][15] - The transition period for new risk regulations is nearing its end, with concerns about the impact on banks' provisioning levels. However, the report suggests that the actual impact may be less severe than market expectations [16] - The trend of de-collateralization in bank lending is evident, driven by both business characteristics and strategic choices made by banks to reduce reliance on collateralized loans [17] Summary by Sections 1. Retail NPL and Generation Rates - The retail NPL rate has increased to 1.28%, with a steepening curve indicating ongoing risk. The generation rate for retail loans remains high, with significant increases noted in certain banks [14][18] - The report indicates that while the overall NPL rate is low, the divergence between overdue and NPL indicators suggests underlying risks in the retail sector [19] 2. Impact of New Risk Regulations - The new risk regulations will require banks to classify impaired loans as NPLs, potentially increasing reported NPL rates. However, the report anticipates that the actual provisioning pressure may be manageable [16][17] 3. De-Collateralization in Lending - The report notes a significant decline in the proportion of collateralized loans, with banks shifting towards non-collateralized lending strategies. This shift is influenced by the need to manage risk more effectively [17][18] 4. Investment Recommendations - The report recommends certain state-owned banks due to their customer base advantages and manageable retail risk pressures. It also highlights specific banks such as CITIC Bank and Agricultural Bank of China as beneficiaries of this trend [6]

中证500ETF华夏（512500）业绩比较基准为中证500指数，管理人为华夏基金管理有限公司，基金经理 为荣膺，成立（2015-05-05）以来回报为-11.63%，近一个月回报为-0.81%。 来源：新浪基金∞工作室 10月27日，截止午间收盘，中证500ETF华夏（512500）涨1.26%，报4.092元，成交额7346.89万元。中 证500ETF华夏（512500）重仓股方面，胜宏科技截止午盘涨6.15%，华工科技涨8.49%，赤峰黄金涨 1.97%，润和软件涨2.16%，苏州银行涨0.12%，四川长虹涨2.88%，天风证券涨0.76%，东吴证券涨 1.66%，芯原股份跌2.03%，九号公司跌5.54%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

Core Viewpoint - The A-share listed banks are expected to show overall revenue and net profit growth in the third quarter of 2025, with improvements in asset quality and a narrowing decline in net interest margins [1][2][3]. Group 1: Financial Performance - Huaxia Bank reported operating income of 64.881 billion yuan, a year-on-year decrease of 8.79%, and net profit attributable to shareholders of 17.982 billion yuan, down 2.86%, with a narrowing decline of 5.09 percentage points compared to the first half of the year [1]. - Chongqing Bank achieved operating income of 11.740 billion yuan, a year-on-year increase of 10.40%, and net profit of 5.196 billion yuan, up 10.42% [2]. - Ping An Bank reported operating income of 100.668 billion yuan, a year-on-year decrease of 9.8%, and net profit of 38.339 billion yuan, down 3.5%, with a narrowing decline compared to the first half of the year [2]. Group 2: Market Trends - Ten banks have seen shareholding increases from shareholders and executives this year, indicating a positive outlook for the banking sector amid macroeconomic stabilization and easing monetary policy [3]. - Analysts expect cumulative revenue and net profit for listed banks in the first three quarters of 2025 to grow by 0.4% and 1.1% year-on-year, respectively, driven by a narrowing decline in net interest margins and reduced credit costs [3]. Group 3: Interest Margin Outlook - Zhongtai Securities suggests that the net interest margin for banks may stabilize in the third quarter due to reduced re-pricing pressure on assets and a greater decline in deposit rates compared to the Loan Prime Rate (LPR) [4]. - The projected increase in net interest margin for the third and fourth quarters is 0.7 basis points and 0.3 basis points, respectively, indicating stability in the banking sector [4]. Group 4: Related Stocks - Goldman Sachs reported that the A-shares and H-shares of major banks have recorded absolute returns of 12% and 21% year-to-date, driven by improvements in asset quality and narrowing declines in net interest margins [5]. - Ping An Insurance increased its stake in Postal Savings Bank, acquiring 6.416 million shares at an average price of 5.3638 HKD per share [6].