Core Viewpoint - Jiangsu Bank has made significant progress in its high-quality development journey, focusing on a stable risk control system, balanced growth in scale and efficiency, and innovative management practices since 2025 [1] Financial Performance - For the third quarter of 2025, Jiangsu Bank reported operating income of 67.183 billion yuan, a year-on-year increase of 7.83%, and net profit attributable to shareholders of 30.583 billion yuan, up 8.32% year-on-year [2] - The annualized ROE was 15.87% and annualized ROA was 0.96%, with a non-performing loan ratio of 0.84%, marking a historical low [2] - The bank's risk coverage ratio stood at 322.62%, indicating strong risk mitigation capabilities [2] Revenue Sources - Jiangsu Bank achieved net interest income of 49.868 billion yuan, a year-on-year increase of 19.61%, and fee and commission income of 5.421 billion yuan, up 7.88% [3] - The bank's total assets reached 4.93 trillion yuan, with loan balances of 2.47 trillion yuan (up 17.87% year-to-date) and deposit balances of 2.54 trillion yuan (up 20.22% year-to-date) [3] Corporate Lending - As of September, corporate loan balances reached 1.6641 trillion yuan, a year-on-year increase of 26.26%, while corporate deposit balances grew by 20.75% to 1.4028 trillion yuan [4] - The bank is focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, to enhance financial services [4] Retail Banking - Jiangsu Bank's retail banking segment has seen significant growth, with total assets under management (AUM) surpassing 1.6 trillion yuan, an increase of nearly 200 billion yuan [6] - The bank's mobile banking app has nearly 22 million customers, with monthly active users exceeding 7.6 million, leading among city commercial banks [5] Asset Quality - The non-performing loan ratio is at 0.84%, down 0.05 percentage points from the beginning of the year, and the bank has maintained a downward trend in asset quality since its listing in 2016 [7] - The bank's risk management framework has been continuously improved, enhancing its risk control capabilities [7] Market Position - Jiangsu Bank has gained significant attention in the capital markets, with nearly 70 research reports published by analysts this year [8] - The bank ranks 56th in the "Global 1000 Banks" list and 16th among Chinese banks, reflecting its growing competitiveness [8]

Core Viewpoint - Shenwan Hongyuan Securities emphasizes its commitment to serving the real economy and integrating its development into the broader context of building a financial powerhouse, focusing on the implementation of the "Five Major Articles" in finance [2] Group 1: Financial Performance and Goals - In 2024, Shenwan Hongyuan aims to achieve an underwriting scale of over 930 billion yuan in equity and debt, with an investment balance of approximately 500 billion yuan, providing stable funding support for areas related to the "Five Major Articles" in finance [2] Group 2: Challenges and Solutions - The company identifies common challenges in the industry, such as insufficient coverage of early-stage projects in technology finance and the "last mile" issue in inclusive finance, and proposes several strategies to address these [3][4] - To tackle the issue of insufficient early-stage project coverage in technology and green finance, the company plans to enhance its research, investment, and investment banking capabilities, expand its reserve of hard technology early-stage projects, and seek policy support [3] - For the "last mile" challenge in inclusive finance, Shenwan Hongyuan intends to collaborate with credit agencies and big data service providers to build an evaluation system for small and medium-sized enterprises, thereby reducing direct financing costs [3] Group 3: Pension Finance and Digital Transformation - The company aims to address the limited scale and variety of pension funds managed by securities institutions by increasing the supply of pension financial products and launching innovative products such as target date and target risk funds [4] - Shenwan Hongyuan plans to expand digital financial scenarios by applying big data and artificial intelligence in project discovery, risk assessment, and product creation, thereby enhancing the coverage of digital services across various dimensions [4]

Core Insights - The financial operation in Hubei Province shows a positive trend with growth in volume, effectiveness, quality, and efficiency [1][2] Financial Performance - As of the end of September, the total loan balance in Hubei Province reached 9.35 trillion yuan, a year-on-year increase of 7.5%, surpassing the national average by 1 percentage point, making it the highest in Central China [2][3] - In the first nine months, Hubei added 637.5 billion yuan in loans, an increase of 79.6 billion yuan compared to the previous year, marking a historical high for the same period [2][3] - The social financing scale in Hubei reached 13.59 trillion yuan by the end of August, with a year-on-year growth of 9.2% [2][3] Policy Implementation - Efficient policy implementation is key to enhancing financial effectiveness, with a focus on major projects and key industries leading to a credit amount exceeding 2 trillion yuan for projects over 100 million yuan [3] - The manufacturing sector saw a rebound in medium to long-term loan growth, reaching 12.6%, an increase of 2.64 percentage points from the previous year [3] Resource Allocation - Financial resources are increasingly focused on key areas, with structural policy tools' fund balance reaching 249.3 billion yuan, a year-on-year increase of 13.5% [3] - Loans to agricultural and small enterprises reached a record high of 98.5 billion yuan, growing by 42% year-on-year [3] Financial Innovations - The "Five Major Financial Articles" initiative has led to a loan balance of 38.194 billion yuan, accounting for 41.2% of total loans, with a year-on-year growth of 15.4% [4][5] - The technology finance sector has mobilized 67.8 billion yuan in loans, with technology loans for small and medium-sized enterprises growing by 26.1% [4] Green Finance - Green loan balance reached 1.8042 trillion yuan, with a year-on-year increase of 24.4%, supported by various innovative financing models [4] Inclusive Finance - The balance of inclusive loans reached 1.2303 trillion yuan, growing by 10.9%, which is 3.2 percentage points higher than the average loan growth rate [5] Pension Finance - The loan balance for the pension industry reached 4.6 billion yuan, with a significant year-on-year growth of 153.4% [6] Digital Finance - The "301" model has facilitated the issuance of 4.471 billion yuan in loans, with a year-on-year increase of 339 billion yuan [6]

Core Insights - The financial market in Shanxi province has shown stable operation in 2023, characterized by expansion in scale, steady growth rate, and improved structure, providing continuous financial support for the province's high-quality economic transformation [1] Group 1: Social Financing - The total social financing increment in Shanxi for the first three quarters reached 471.93 billion yuan, with loans to the real economy accounting for 93.6% of this increment [2] - As of the end of September, the total social financing stock in Shanxi was 7 trillion yuan, marking an 8.1% year-on-year increase, setting a new record [2] Group 2: Loan Growth - Financial institutions in Shanxi have actively met the funding needs of the real economy, with the total balance of loans reaching 4.9 trillion yuan by the end of September, an increase of 316.2 billion yuan from the beginning of the year, and a year-on-year growth of 6.7% [3] - Green loans in Shanxi reached a balance of 567.05 billion yuan by the end of September, increasing by 63.98 billion yuan since the beginning of the year [4] - Inclusive small and micro loans saw a significant year-on-year growth of 21.5%, reaching a balance of 534.06 billion yuan by the end of September [5] - Loans to technology enterprises amounted to 277.27 billion yuan by the end of August, reflecting a year-on-year growth of 10.3% [6] - The balance of medium and long-term loans for the manufacturing sector was 259.91 billion yuan by the end of September, with a year-on-year increase of 12.7% [6] Group 3: Policy Support - The People's Bank of Shanxi has established a policy framework for the "Five Major Articles" to support high-quality economic development, utilizing structural monetary policy tools to enhance financial support for key areas [7] - By the end of August, the loan balance under the "Five Major Articles" reached 1.56 trillion yuan, with a year-on-year growth of 14.7%, surpassing the overall loan growth rate by 7.4 percentage points [7] - Loans in the subfields of technology finance, green finance, inclusive finance, pension finance, and digital finance grew by 10.6%, 18.4%, 17.9%, 13.7%, and 31% respectively, all exceeding the overall loan growth rate [7]

Core Insights - Shanghai Bank's Q3 2025 report highlights a focus on strategic leadership and structural adjustments, resulting in steady operational performance and improved service quality for the real economy [1][2] Financial Performance - For the first three quarters of this year, Shanghai Bank reported operating income of 41.14 billion yuan, a year-on-year increase of 4.04%, and a net profit attributable to shareholders of 18.08 billion yuan, up 2.77% year-on-year [1] - Basic earnings per share reached 1.27 yuan, reflecting a year-on-year growth of 2.42% [1] - As of the end of September, the bank's total assets stood at 3.31 trillion yuan, a 2.52% increase from the end of the previous year [1] Asset Quality and Risk Management - The non-performing loan ratio remained stable at 1.18% as of September, unchanged from the end of the previous year, with a provision coverage ratio of 254.92%, indicating a robust overall provision level [2] - Core Tier 1 capital adequacy ratio was reported at 10.52%, with Tier 1 capital adequacy ratio at 11.40% and total capital adequacy ratio at 14.33%, all showing slight improvements from the previous year [2] Shareholder Activity - The largest shareholder, Shanghai Lianhe Investment Co., Ltd., increased its holdings to 2.092 billion shares by the end of September, a rise of 6.97 million shares since June, resulting in a shareholding ratio of 14.72% [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 BANK OF TIANJIN CO., LTD.* 天津銀行股份有限公司 * （於中華人民共和國註冊成立的股份有限公司） （股份代號：1578） 公告 截至2025年9月30日止九個月之財務及經營數據 本公告乃由天津銀行股份有限公司*（「本行」）根據《證券及期貨條例》（香港法例 第571章）第XIVA部項下之內幕消息條文及《香港聯合交易所有限公司證券上市規 則》第13.09(2)(a)條及第13.10B條作出。 背景 截至2025年9月末，本行資產總額人民幣9,689.03億元，較年初增長人民 幣429.09億元，增幅4.63%；其中客戶貸款及墊款金額為人民幣4,716.28億 元，較年初增長人民幣308.49億元，增幅7.00%。負債總額人民幣8,982.89億 元，較年初增長人民幣417.05億元，增幅4.87%；其中客戶存款金額人民幣 5,405.36億元，較年初增長人民幣395.79億元，增幅 ...

Core Viewpoint - The report highlights the financial performance and operational strategies of CITIC Bank for the first three quarters of 2025, showcasing steady growth in key financial metrics despite a challenging external environment. Group 1: Company Overview - CITIC Bank's total assets reached 98,981.28 billion RMB, a 3.83% increase from the previous year [9] - The bank's total loans and advances amounted to 57,824.81 billion RMB, reflecting a growth of 1.09% [9] - Customer deposits totaled 60,673.29 billion RMB, up 5.00% year-on-year [9] Group 2: Financial Performance - Net profit attributable to shareholders was 533.91 billion RMB, a year-on-year increase of 3.02% [10] - Operating income decreased by 3.46% to 1,565.98 billion RMB, with net interest income down 2.06% [10] - The cost-to-income ratio improved to 28.58%, a decrease of 0.21 percentage points year-on-year [10] Group 3: Business Strategies - The bank emphasized support for the real economy, with corporate loans increasing by 10.99% to 29,742.77 billion RMB [10] - Personal loans (excluding credit cards) reached 18,304.20 billion RMB, a slight increase of 0.83% [12] - The bank launched various consumer finance initiatives, with personal consumption loans amounting to 2,315.36 billion RMB [13] Group 4: Risk Management - The non-performing loan (NPL) ratio remained stable at 1.16%, with a total NPL balance of 669.39 billion RMB [36] - The bank's capital adequacy ratios met regulatory requirements, with a core tier one capital ratio of 9.59% [37] Group 5: Digital and Green Finance - Digital economy loans reached 2,733.51 billion RMB, a growth of 9.42% [19] - The bank's green loan balance increased steadily, with a focus on sustainable finance initiatives [15]

Core Viewpoint - China Construction Bank reported a year-on-year increase in both revenue and net profit for the first three quarters of 2025, with revenue rising by 0.82% to 573.70 billion yuan and net profit increasing by 0.62% to 257.36 billion yuan [1][2]. Financial Performance - As of the end of September, total assets reached 45.37 trillion yuan, an increase of 11.83% compared to the end of the previous year [2]. - The total amount of loans and advances was 27.68 trillion yuan, up 7.10% from the end of last year [2]. - Non-performing loan (NPL) ratio stood at 1.32%, a decrease of 0.02 percentage points from the end of the previous year [2]. - The bank's net interest income was 427.61 billion yuan, down 3.00% year-on-year, while non-interest income rose by 13.95% to 146.10 billion yuan [4]. Profitability Metrics - The annualized average return on assets was 0.80%, and the annualized weighted average return on equity was 10.32% [2]. - The net profit attributable to shareholders for the third quarter increased by 4.19% to 95.28 billion yuan [3]. Business Segments - Fee and commission income grew by 5.31% to 89.67 billion yuan, indicating a positive trend in wealth management [4]. - The bank's wealth management business showed strong growth, with double-digit increases in fund distribution and third-party custody services [4]. Loan and Investment Highlights - The balance of green loans reached 5.89 trillion yuan, growing by 18.38% year-on-year [6]. - Inclusive finance loans for small and micro enterprises amounted to 3.81 trillion yuan, an increase of 397.69 billion yuan from the end of last year [6]. Technological and Financial Innovations - The bank has registered 21 financial asset investment companies and completed the filing of 19 funds [6]. - The application of artificial intelligence has been systematically promoted, supporting 347 business scenarios [6].

Core Points - The company reported a net profit of 18.075 billion RMB for the first three quarters of 2025, representing a year-on-year increase of 2.77% [9] - The total assets of the company reached 3,308.002 billion RMB, an increase of 2.52% compared to the end of the previous year [8] - The company’s capital adequacy ratio stood at 14.33%, with a non-performing loan ratio of 1.18%, remaining stable compared to the previous year [9][10] Financial Performance - The company achieved an operating income of 41.14 billion RMB for the first nine months of 2025, up 4.04% year-on-year [9] - The net cash flow from operating activities was -154.412 billion RMB, a decrease of 178.293 billion RMB year-on-year, primarily due to an increase in financial assets held for trading [5] - The company’s total deposits reached 1,804.245 billion RMB, reflecting a growth of 5.51% from the end of the previous year [8] Business Development - The company focused on supporting the real economy, with total loans and advances to customers amounting to 1,441.646 billion RMB, an increase of 2.55% year-on-year [8] - Technology loans amounted to 166.292 billion RMB, showing a significant year-on-year growth of 33.83% [11] - The company’s manufacturing loans reached 86.507 billion RMB, up 8.89% year-on-year [12] Shareholder Information - The top ten shareholders included Banco Santander, holding 929.137 million shares, accounting for 6.54% of the total share capital [6] - The company’s board of directors and senior management confirmed the accuracy and completeness of the quarterly report [2] Retail Financial Services - The company managed retail customer assets totaling 1,078.145 billion RMB, a growth of 5.50% from the previous year [16] - The number of retail customers reached 21.5033 million, with personal loans and advances totaling 395.642 billion RMB [16] Debt Issuance - In September 2025, the company issued 20 billion RMB of ordinary financial bonds with a fixed interest rate of 1.89% [20]

Core Viewpoint - CICC reported a significant increase in net profit for Q3, with a 2.5 times year-on-year growth, reflecting strong performance across its main business segments [1][2]. Financial Performance - For the first nine months of the year, CICC achieved operating revenue of 20.76 billion yuan, a year-on-year increase of 54.36%, and a net profit attributable to shareholders of 6.57 billion yuan, up 129.75% [1][2]. - In Q3 alone, the company recorded revenue of 7.93 billion yuan, a 74.78% increase year-on-year, and a net profit of 2.24 billion yuan, which represents a 254.93% increase [1][2]. - CICC's total assets reached 764.94 billion yuan, growing by 13.37% compared to the end of the previous year [1]. - Cash flow from operating activities improved significantly, with a net cash flow of 62.70 billion yuan, up 157.26% year-on-year [2]. Business Segments - All main business segments of CICC showed revenue growth, with brokerage business net income increasing by over 70% [1][4]. - In Q3, net income from brokerage was 4.52 billion yuan, up 76.31%; investment banking fees were 2.94 billion yuan, up 42.55%; and asset management fees were 1.06 billion yuan, up 26.61% [4]. - Self-operated income for the first three quarters reached 10.97 billion yuan, a 46.99% increase year-on-year [5]. Investment Banking Strength - CICC's investment banking business continued to demonstrate competitive advantages, successfully managing significant IPOs, including SANY Heavy Industry's record-breaking listing in Hong Kong [1][6]. - The SANY IPO had a pre-green shoe issuance size of 1.73 billion USD and a post-green shoe size of 1.99 billion USD, marking it as the largest IPO in the engineering machinery sector [6]. - CICC also facilitated the dual listing of Hesai Technology, which was the largest IPO in the global lidar industry [7]. - The company ranked first in various financing categories, including global equity financing for Chinese enterprises and A-share IPO underwriting [8]. International and ESG Initiatives - CICC has been actively involved in international projects, supporting initiatives like the Belt and Road and promoting the internationalization of the RMB [8]. - The company has also made strides in green finance, leading in the issuance of green and ESG bonds [8].