上海农村商业银行股份有限公司章程 （已经2025年6月13日召开的上海农村商业银行股份有限公司 2024年度股东大会审议通过，并经国家金融监督管理总局上海监管局 《国家金融监督管理总局上海监管局关于上海农村商业银行股份有 限公司修改公司章程的批复》（沪金复〔2025〕604号）核准生效） 第五条 本行的中文名称为：上海农村商业银行股份有限公司， 简称：上海农商银行或者上海农村商业银行。 第一章 总则 第一条 为维护上海农村商业银行股份有限公司(以下简称"本 行")、股东、职工和债权人的合法权益，规范本行的组织和行为， 根据《中国共产党章程》《中华人民共和国公司法》(以下简称"《公 司法》")、《中华人民共和国证券法》(以下简称"《证券法》")、 《中华人民共和国商业银行法》(以下简称"《商业银行法》")、《中 华人民共和国银行业监督管理法》(以下简称"《银行业监督管理法》")、 《上市公司章程指引》（以下简称"《章程指引》"）、《银行保险 机构公司治理准则》及其他有关适用法律法规，制定本章程。 第二条 本行系依照《公司法》《商业银行法》和其他有关规定 成立的股份有限公司。 本行经《中国银行业监督管理委员会关于 ...

上海农村商业银行股份有限公司 董事会议事规则 第一章 总 则 第一条 为进一步规范上海农村商业银行股份有限公司 (以下简称"本行")董事会的议事方式和决策程序，促使董 事和董事会有效地履行其职责，提高董事会规范运作和科学 决策水平，根据《银行保险机构公司治理准则》《上市公司 治理准则》《上海农村商业银行股份有限公司章程》（以下 简称"《章程》"）及其他法律、法规，结合本行实际，制 定本规则。 第二条 董事会是本行常设决策机构，在法律法规、《章 程》和股东会赋予的职权范围内行使职权，维护本行及股东 的合法权益。 第三条 董事会设董事会秘书，对董事会负责。董事会秘 书依据有关法律法规和本行《章程》规定的内容履行信息披 露、公司治理机制建设、投资者关系管理、股权管理、会议 筹备等工作职责。 第四条 董事会下设董事会办公室，处理董事会的日常事 务，为董事会行使职权和履行职责提供支持。 第二章 董事会议事程序 1 第一节 会议种类、召集与主持 第五条 董事会会议包括定期会议和临时会议，董事会定 期会议每年度至少应当召开4次，由董事长召集和主持。 第六条 在发出召开董事会定期会议的通知前，董事会办 公室应当充分征求各董事 ...

证券代码：601825 证券简称：沪农商行 公告编号：2025-039 上海农村商业银行股份有限公司 关于公司章程修订获国家金融监督管理总局上海监管局 核准并撤销监事会的公告 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。 2025 年 5 月 23 日，上海农村商业银行股份有限公司（以下简称 "公司"）董事会 2025 年第四次会议审议通过了《关于撤销监事会 并修订<上海农村商业银行股份有限公司章程>及相关附件的议案》， 2025 年 6 月 13 日，公司 2024 年度股东大会审议批准了该议案。具 体 情 况 请 见 公 司 2025 年 6 月 14 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）披露的《公司 2024 年度股东大会决议公告》。 近日，经修订的《公司章程》及相关附件《股东会议事规则》《董 事会议事规则》获国家金融监督管理总局上海监管局核准生效。本次 经修订的《公司章程》生效后，公司监事会和监事同步撤销，由审计 委员会承接和行使《公司法》规定的监事会职权。 公司监事会自设立 ...

Market Performance - The rural commercial bank sector increased by 1.75% on September 24, with Yunnan Rural Commercial 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 - Yunnan Rural Commercial Bank (601077) closed at 6.54, up 1.87% with a trading volume of 853,400 shares and a transaction value of 559 million [1] - Changshu Bank (601128) closed at 7.11, up 1.57% with a trading volume of 412,600 shares and a transaction value of 291 million [1] - Shanghai Rural Commercial Bank (601825) closed at 8.67, up 0.70% with a trading volume of 244,700 shares and a transaction value of 212 million [1] - Jiangyin Bank (002807) closed at 4.56, up 0.44% with a trading volume of 258,000 shares and a transaction value of 118 million [1] - Qingnong Commercial Bank (002958) closed at 3.17, down 0.31% with a trading volume of 435,000 shares and a transaction value of 138 million [1] Fund Flow Analysis - The rural commercial bank sector experienced a net outflow of 639,800 yuan from main funds, while retail funds saw a net inflow of 28.92 million yuan [1] - Individual stock fund flows showed that Changshu Bank had a main fund net inflow of 22.92 million yuan, while Yunnan Rural Commercial Bank had a net inflow of 9.09 million yuan from main funds [2] - Jiangyin Bank experienced a significant net outflow of 18.43 million yuan from main funds, indicating a potential concern among investors [2]

Group 1 - The article highlights the top 20 performing stocks in the S&P China A-Share Dividend Opportunity Index (CSPSADRP) as of September 22, 2025, showcasing significant year-to-date gains and dividend yields [1][2] - The top performer is Youfa Group (601686.SH) with a year-to-date increase of 15.82% and a dividend yield of 4.85% [1] - Other notable performers include HERRIG (601598.SH) with a 36.27% increase and a 4.06% dividend yield, and Yutong Bus (600066.SH) with an 18.96% increase and a 6.74% dividend yield [1] Group 2 - The overall dividend yield for the index is reported at 5.12%, with a historical price-to-earnings ratio of 10.47 and an expected price-to-earnings ratio of 9.88 [2] - The index consists of 100 stocks, with individual stock weight capped at 3% and sector weight limited to 33% [2] - The data is sourced from the Shanghai Stock Exchange and Wind, reflecting the performance and characteristics of the index as of late August 2025 [2]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 9.61 CNY per share, corresponding to a PB of 0.70 for 2025 [4][7]. Core Views - The company's revenue growth has shown marginal improvement, with a cumulative year-on-year growth of -3.4% for revenue, +0.6% for net profit attributable to the parent company, and a decrease in net interest income by 5.5% [11]. - The loan portfolio has expanded steadily, with a year-on-year growth of 5.2%, primarily driven by corporate loans, which increased by 7.8% [11]. - The net interest margin remains under pressure at 1.39%, but there is significant potential for improvement in funding costs as high-interest deposits are re-priced [11]. - Asset quality remains stable, with a non-performing loan ratio holding steady, while the attention ratio has increased slightly to 1.77% [11]. Financial Summary - The company's projected net profit attributable to the parent company for 2025 is 12,415 million CNY, reflecting a year-on-year growth of 1.0% [6]. - The earnings per share (EPS) for 2025 is estimated at 1.29 CNY, with a book value per share (BVPS) of 13.81 CNY [4][6]. - The total assets are projected to reach 1,583,350 million CNY by 2025, with a capital adequacy ratio of 17.73% [14].

9月23日，银行股逆势走强，40只银行股飘红。 《国际金融报》记者注意到，自半年报披露以来，A股42家上市银行中有17家银行发布了2025年中期分 红方案。沪农商行、长沙银行、苏农银行、民生银行和常熟银行已于近日率先开启中期权益分派实施工 作，5家银行分红金额合计将达到97.61亿元。 据已披露的中期分红方案统计，17家银行累计派发"红包"金额超过2300亿元。 受访专家指出，银行较高的分红频率和比例能够吸引长期资金的关注和投资，有助于提升银行股的市场 表现和估值水平。展望后市，看好银行股绝对收益。 上市银行高比例分红 据半年度权益分派实施公告计算，首批宣布实施分红的5家银行分红总额将达到97.61亿元。 具体来看，沪农商行和长沙银行将于9月26日实施分红。其中，沪农商行将对普通股每股派发现金红利 0.241元（含税），共计派发现金红利约23.24亿元。长沙银行每股派发现金红利0.20元（含税），共计 派发现金红利约8.04亿元。 另外，常熟银行、民生银行和苏农银行本年度中期分红已实施完毕。 9月8日，常熟银行成为A股银行中首家派发中期红利的银行，每股派发现金红利0.15元（含税），共计 派发现金红利4.97 ...

Core Viewpoint - The banking sector in A-shares is experiencing a strong performance, with 40 out of 42 listed banks showing gains, driven by high interim dividend distributions that attract long-term investments [1][6]. Group 1: Interim Dividend Announcements - 17 banks have announced their interim dividend plans, with a total distribution exceeding 230 billion yuan [2][4]. - The first five banks to implement their dividend plans will distribute a total of 9.761 billion yuan, with specific amounts for each bank detailed [3][4]. - Notably, state-owned banks continue to maintain high dividend payouts, with a total of 204.657 billion yuan distributed among six major banks, and Industrial and Commercial Bank of China leading with 50.396 billion yuan [4]. Group 2: Market Performance and Investor Sentiment - The high frequency and proportion of dividends are expected to attract long-term funds, enhancing the market performance and valuation of bank stocks [2][6]. - On September 23, the banking sector index rose by 1.28%, with 40 out of 42 banks experiencing stock price increases, indicating strong market sentiment [6][7]. - Analysts suggest that the average static dividend yield for A-share listed banks has risen to 4.3%, indicating significant potential for equity returns [7].

Core Viewpoint - The mid-term dividend plans of A-share listed banks for 2025 are progressing steadily, reflecting confidence in development and returning value to investors [1] Group 1: Mid-term Dividend Distribution - As of September 22, 17 A-share listed banks have disclosed their mid-term profit distribution plans, with major state-owned commercial banks being the main contributors, each proposing dividends exceeding 10 billion [2] - Notably, Changsha Bank has implemented its first mid-term dividend since its listing, with a payout of 0.20 yuan per share totaling 804 million [2] - The six major state-owned banks maintain a dividend payout ratio around 30%, showcasing their commitment to stable operations and shareholder returns [2] Group 2: Industry Trends and Insights - The participation and enthusiasm for mid-term dividends among listed banks have significantly increased in 2025, becoming a new trend in the industry [4] - Experts attribute this trend to improved bank performance, corporate governance, and market confidence, indicating a strong belief in future profitability [4] - The implementation of mid-term dividends is seen as a proactive measure to boost investor confidence and manage valuations [4] Group 3: Sustainability and Future Outlook - The widespread adoption of mid-term dividends is expected to enhance investor returns and attract long-term capital, fostering a positive market cycle [5] - Experts predict that with the continuous improvement of the macro economy, the profitability of the banking sector is likely to improve steadily, supporting the expansion of dividend scales [5] - Factors such as easing interest margin pressures and the growth of non-interest income from wealth management are expected to further enhance the stability of bank earnings [5]

Core Viewpoint - The financial ETF (510230) has seen a rise of over 0.5%, supported by mid-term dividend announcements from banks, which are aiding in the valuation recovery of the sector [1] Group 1: Dividend Announcements - Changsha Bank announced a dividend of 0.20 CNY per share (before tax), totaling 804 million CNY in payouts [1] - Shanghai Rural Commercial Bank declared a dividend of 0.241 CNY per share (before tax), with total distributions amounting to 2.324 billion CNY [1] - By September 19, 2025, four banks, including Minsheng Bank, Jiangsu Rural Bank, Changsha Bank, and Shanghai Rural Commercial Bank, have released specific mid-term dividend plans [1] Group 2: Market Impact - The gradual rollout of mid-term dividends by listed banks is expected to attract more financial investments from funds that prioritize dividends, thereby driving the recovery of the banking sector's valuations [1] - The financial ETF (510230) tracks the 180 Financial Index (000018), which selects representative securities from the financial sector, including banks, insurance, and securities, to reflect the overall performance of listed companies in the financial industry [1] - The 180 Financial Index is characterized by high industry concentration and style allocation, effectively representing market trends in the financial sector [1]