昨日，平安银行召开了2024年年度股东大会， 该行党委书记、行长冀光恒、监事长叶望春、副行长兼首席 财务官项有志、行长助理兼首席风险官吴雷鸣、独立董事艾春荣、董事会秘书周强出席。 在常规议程之外，平安银行管理层代表直面了如何稳住急降的息差、零售转型难度和战略延续性、零售风险是 否见顶、如何使经营效益重回正增区间、如何提振股价等犀利问题。 "争取维持一个健康的息差" 如何让息差下行坡度不要那么陡峭，平缓一点、降速慢一点，是各家银行一定会被问到的问题。平安银行本次 股东大会也不例外，有股东问及在息差下行趋势下，平安银行如何寻求差异化发展的问题。 从全行业经营层面看，冀光恒赞同银行净息差收窄已是既定的结构性趋势，主要受政策引导让利实体经济、利 率市场化深化及经济增速多重因素作用影响。 今年一季度，股份行净息差已经下滑到了1.56%，而同期平安银行净息差保持在1.83%。这种相对优势，其实 被一些券商分析师认为能让平安银行在银行板块整体复苏时拥有更大弹性。 "我们要争取维持一个健康的息差，其实我们从去年开始就一直在控制付息成本。今年我给零售行长的任务是 一定要将零售付息成本变得很低。另外，我们对公付息成本已经在下降。 ...

日前，广东金融监管局公告显示，樊忠广东华兴银行股份有限公司（下称"华兴银行"）行长助理的任职 资格获核准。据华兴银行公开信息，樊忠2020年已出任总行授信审批部总经理。2024年12月，樊忠以华 兴银行总行首席授信审批官（拟任）身份出席了公开活动。 相比行长，华兴银行董事长自该行2011年成立以来就一直由周泽荣担任，周泽荣是华兴银行第一大股东 侨鑫集团的董事长，1949年出生的他现年已76岁。 信贷风险管控仍面临挑战 近年，华兴银行围绕"小而分散"和"零售转型"战略部署，信贷结构持续优化调整，同时通过加大不良贷 款处置清收力度，2024年末，不良率同比下降4BP至1.53%，但关注类、逾期贷款占比同比分别上升 44BP、34BP至3.4%、2.24%，信用风险管控依旧面临挑战。 授信审批部总经理升任行长助理 5月14日，广东金融监管局发布关于樊忠华兴银行行长助理任职资格的批复，核准樊忠华兴银行行长助 理的任职资格。 据华兴银行公开信息，2019年1月，樊忠陪同时任华兴银行行长吴洪涛拜访了海王集团，樊忠彼时的身 份为华兴银行深圳区域授信审批中心总经理；2020年10月，华兴银行举办授信审批条线2020年度信贷业 ...

近年来，兴化农商银行紧扣江苏农商联合银行零售金融工作指导意见，以系统化思维谋全局、专业化模 式建生态、精细化运营挖价值，交出零售转型阶段性答卷。 凝聚改革共识，以系统化思维锚定零售发展方向 零售转型，非一朝一夕之功。通过战略共识凝聚、组织架构重塑、资源靶向配置，为零售转型注入持久 动能。 战略先行，锚定发展路径。始终秉持"做零售就是做未来"理念，坚定不移将零售业务作为高质量发展的 核心驱动力，确保战略始终保持连贯性。2018—2020年战略周期内，明确以零售业务为主体的"一体两 翼"布局。2021—2023年战略周期内，进一步提出构建"五全大零售"金融服务格局。2024年，顺应零售 网金融合发展趋势，出台《零售转型2024—2026年工作规划》，为发展提供清晰的行动指南。 架构重塑，打通管理壁垒。优化零售金融业务板块，在原电子银行部的基础上，组建零售金融部，与普 惠金融部共同推动零售业务发展。两部门共下设财富业务、网络金融，普惠贷款、消费金融、快贷等五 大中心，由同一位分管行长统筹管理，并由首席信息官进行协助管理和技术支持。此外，成立高效协同 小组，建立跨条线敏捷协同机制，打通管理壁垒，形成零售转型工作合力。 ...

3月27日，郑州银行（002936）发布2024年度报告，并推出现金分红方案。报告显示，截至2024年末， 郑州银行资产总额达6,763.65亿元，较上年增长7.24%，总体规模稳步攀升；存款总额和贷款总额分别 达4,045.38亿元和3,876.90亿元，较年初增长12.07%和7.51%，主营业务加速发展；全年分别实现营业收 入和利润总额128.77亿元、17.86亿元，其中，利润总额同比增长2.69%，近三年首次实现正增长，扭转 连续负增长局面。总体来看，2024年郑州银行逆势实现资产、存款、贷款、利润"四增长"，经营业绩持 续向好。 数字化转型方面，郑州银行2024年12月份召开了数字化转型启动大会，秉承"对外客户体验第一、对内 效率第一"的理念，将战略拆解到日常工作和具体项目，以数字化思维重塑银行业务及经营管理模式， 以科技引领赋能业务发展，着力重塑"以客户为中心"的业务运营体系，构建"以数据为驱动"的经营管理 模式，打造新一轮高质量发展强劲引擎。在启动大会上，郑州银行还分别与华为技术有限公司、郑好融 征信服务有限公司签署战略合作协议。双方将基于郑州银行在金融领域的业务优势，以及华为、郑好融 平台的 ...

Core Insights - The company is experiencing its most severe downturn since its IPO 13 years ago, with Q1 2025 revenue growth slowing to 2.1% and net profit declining by 8.3% [1] - The traditional kitchen appliance sector is facing significant challenges due to the decline in real estate benefits, increasing consumer segmentation, and competition from emerging product categories [1] Financial Performance - In 2024, the company reported total revenue of 11.26 billion, a year-on-year increase of 2.8%, while net profit fell by 8.2% to 1.28 billion [2] - The core revenue sources, range hoods and gas stoves, contributed 68.3% of total revenue, but their growth rates slowed to 1.2% and 0.7% respectively [2] - In Q1 2025, revenue was 2.15 billion, a decrease of 5.3%, and net profit was 230 million, down 18.6%, marking the largest quarterly decline since 2010 [3] Market Dynamics - The offline market for range hoods saw a retail sales decline of 3.1% in 2024, with the company's market share dropping to 28.7% as competitors like Fotile gained ground [2] - Emerging product categories like dishwashers and integrated stoves accounted for 23.5% of revenue, but their growth rate fell sharply from 41.3% in 2023 to 18.7% in 2024 [3] - The integrated stove segment, which was expected to perform well, only grew by 9.6%, significantly below the industry average of 32.4% [3] Cost and Profitability Challenges - The overall gross margin decreased by 2.1 percentage points to 49.3%, primarily due to rising raw material costs and the increased share of low-margin new products [3] - The company raised prices by 5.2% for range hoods to maintain profitability, but this led to a loss of market share in e-commerce channels [3] - Cash flow from operating activities was negative at -187 million in Q1 2025, reflecting increased promotional efforts and challenges in accounts receivable management [4] Strategic Positioning - The company is at a crossroads, facing market share erosion from competitors and struggling to adapt to new market dynamics [5] - Despite efforts to diversify into new product categories since 2018, the company has not achieved significant market penetration, particularly in dishwashers [5] - The management transition in March 2025, with the founder stepping down, raises questions about the company's strategic direction and ability to respond to market changes [6] Future Outlook - The company is undergoing a profound transformation, grappling with growth challenges and attempting significant strategic changes [7] - The ability to redefine its position in the smart, integrated, and scenario-based kitchen appliance market will be crucial for the company's future success [7]

Core Viewpoint - Chengdu Bank's 2024 annual report highlights significant growth, with total assets exceeding 1.25 trillion yuan and a net profit increase of 10.17%, marking it as a key player in the financial sector of the Chengdu-Chongqing economic circle [1][8]. Group 1: Regional Economic Collaboration - Chengdu Bank is positioned as a "new engine" for regional finance, leading in new deposit and loan scales among financial institutions in Sichuan, and supporting major infrastructure and livelihood projects [2][3]. - The bank has actively engaged in financing significant projects, including a tailored asset-backed commercial paper for Huaxi Group, unlocking nearly 1 billion yuan in receivables [3]. - The bank's services extend to major infrastructure projects, ensuring comprehensive financial support for key industries and achieving 100% coverage of financial services for regional industrial chains [3][4]. Group 2: Retail Transformation - Chengdu Bank has shifted focus to retail banking, with personal deposits surpassing 400 billion yuan and leading in personal loan growth within the region [5]. - The bank's retail strategy emphasizes customer-centric services, including tailored offerings for elderly clients, resulting in a significant increase in service accessibility [5][6]. - The bank has developed a chain service system for corporate clients, enhancing financial management solutions and expanding its wealth management services [6]. Group 3: Financial Technology Development - Chengdu Bank is enhancing its digital capabilities through significant investments in technology, including upgrades to its bill business system and internet loan services [7]. - The bank's technology-driven approach has led to a high coverage rate of financial services for specialized small and medium enterprises, supporting their growth [7]. - The introduction of AI models for risk management has improved the bank's asset quality, with a decrease in non-performing loan rates and a high provision coverage ratio [7]. Group 4: Strategic Goals and Future Outlook - Chengdu Bank aims to build a partnership-based relationship with clients, focusing on long-term growth and alignment with regional development [8]. - The bank plans to deepen its engagement in the Chengdu-Chongqing economic circle, contributing to the prosperity of the regional financial ecosystem [8].

Core Viewpoint - Nanjing Bank has achieved significant growth in 2024, with total assets exceeding 2.59 trillion yuan and strong revenue and net profit growth, but faces increasing uncertainties due to market volatility and competition in retail transformation [1][3][4] Financial Performance - As of the end of 2024, Nanjing Bank's total assets reached 2.59 trillion yuan, a year-on-year increase of 13.25% [3] - The bank's annual operating income surpassed 50 billion yuan, growing by 11.32%, ranking among the top in A-share listed banks [3] - The net profit attributable to shareholders was 20.177 billion yuan, up 9.05% year-on-year, also ranking favorably [3] - In Q1 2025, operating income continued to grow, reaching 14.19 billion yuan, a 6.53% increase, while net profit was 6.108 billion yuan, up 7.06% [4] Revenue Composition - Nanjing Bank's net interest income was 26.627 billion yuan, a 4.62% increase, while non-interest income reached 23.646 billion yuan, growing by 19.98% and accounting for 47.04% of total revenue [4] - The significant increase in non-interest income was primarily driven by fair value changes, which surged by 329.48% to 7.377 billion yuan [5] Investment Strategy - The bank's investment style is characterized as "risk-seeking," with financial investments making up 41.7% of total assets, ranking sixth among A-share listed banks [5] - The proportion of trading financial assets exceeded 18%, indicating a higher sensitivity to market fluctuations [5] Retail Banking Challenges - Despite growth in corporate and retail loans, Nanjing Bank's personal banking segment reported a loss of 1.199 billion yuan in 2024, the first loss since its listing [8] - Operating costs for personal banking rose by 42.92% to 13.743 billion yuan, significantly impacting profitability [8] Asset Quality - Nanjing Bank maintained a non-performing loan (NPL) ratio of 0.83%, down 0.07 percentage points year-on-year, remaining below 1% for 15 consecutive years [11] - However, the proportion of special mention loans increased from 1.17% to 1.2%, indicating potential pressure on asset quality [11] Risk Management - The bank increased credit impairment losses to 10.525 billion yuan in 2024, a 20% rise from the previous year [12] - The provision coverage ratio decreased from 360.58% in 2023 to 335.27% in 2024, indicating reduced buffer against potential risks [12] Strategic Direction - Nanjing Bank aims to enhance its retail strategy, focusing on wealth management and cost efficiency while expanding its core deposit channels [15] - The bank plans to support technology-driven enterprises and provide comprehensive financial services throughout the corporate lifecycle [16]

瑞财经 严明会近日，华夏银行发布财报显示，2024年，华夏银行实现营业收入971.46亿元，同比增长4.23%，告别了 此前两年营收连续下滑的境况，实现归母净利润276.76亿元，同比增长4.98%。 近年来，华夏银行融入新发展格局，实施促转型、调结构、增效益、防风险工作主线。虽然取得了一定的成效，但也 面临着区域发展不平衡、零售转型成效不显著的挑战。 截至2024年底，华夏银行公司贷款余额1.56万亿元，同比增长5.40%，个人贷款余额7220.27亿元，比上年末减少28.43 亿元，票据贴现余额760.55亿元，比上年末减少207.32亿元，下降21.42%。 而且，个人贷款不良余额130.18亿元，相较上年末增加7.54亿元，不良贷款率1.80%，比上年末上升0.11个百分点。 另一边，华夏银行的现金流压力不小，2024年，其经营活动产生的现金流量净额42.5亿元，同比下滑83%，主要是由 于卖出回购金融资产款减少。 今年1月，原华夏银行董事长李民吉因个人原因突然辞任，而在一个月之前，他才刚连任第九届董事会董事长。 华夏银行新一任董事长是杨书剑。今年2月，杨书剑辞去北京银行董事、行长、董事会风险管理委员 ...

"聚焦主责主业，探索更加契合城市商业银行发展规律的经营 模式，坚持走'想明白的路'。"成都银行董事长王晖在年报致 辞中谈到："我们致力于减少影响价值创造的'内卷'行为，以 专注、创新与勤勉，在周期跌宕中铸就'成行信念'"……这些 或可一窥成都银行绩优的"密码"。 作者：程诚 封图：图片资料室 年报季临近尾声，各家城商行2024年年报陆续出炉。作为中西部规模、业绩领先的城商行，成都 银行(601838.SH) 再次凸显绩优股底色。该行4月28日晚披露的年报显示，至2024年末该行资产总 额突破1.25万亿元，全年营收、净利润均保持较快速度增长。 2024年，商业银行面临净息差收窄趋势，资产质量承压，外部环境变化亦带来多重挑战。在此背 景下，成都银行主动融入战略大局，在服务区域经济发展中发挥自身优势，在延续近年来高质量增 长的同时，不良贷款率九年连降至0.66%，资产质量保持行业优等。 "聚焦主责主业，探索更加契合城市商业银行发展规律的经营模式，坚持走'想明白的路'。"成都银 行董事长王晖在年报致辞中谈到："我们致力于减少影响价值创造的'内卷'行为，以专注、创新与 勤勉，在周期跌宕中铸就'成行信念'"……这些或可 ...

城商行Ⅱ 执业证书编号：S0740517030004 Email：daizf@zts.com.cn 执业证书编号：S0740519050002 Email：dengmj@zts.com.cn 分析师：杨超伦 执业证书编号：S0740524090004 Email：yangcl@zts.com.cn | 总股本(百万股) | 4,835.03 | | --- | --- | | 流通股本(百万股) | 4,835.03 | | 市价(元) | 6.30 | | 市值(百万元) | 30,460.68 | | 流通市值(百万元) | 30,460.68 | 1、《详解齐鲁银行 2024 业绩快报： 业绩增速边际向上，资产质量持续优 化》2025-02-06 2、《详解齐鲁银行 2024 年半年报： 业绩稳健；稳步扩表；资产质量优化》 2024-08-24 量改善》2024-07-23 齐鲁银行（601665.SH） 证券研究报告/公司点评报告 2025 年 04 月 27 日 | 评级： | 增持（维持） | 公司盈利预测及估值 | | | | | | | | --- | --- | --- | --- | -- ...