Core Viewpoint - Ningbo Bank has announced its first-ever mid-term dividend plan since its listing in 2007, distributing a cash dividend of 3 yuan per 10 shares, marking a significant step in returning value to shareholders [1][3]. Dividend Plan Details - The total dividend payout amounts to 1.981 billion yuan, with the record date set for December 16, 2025, and the dividend payment date on December 17, 2025 [2][3]. - Different tax arrangements apply to various types of shareholders, with specific amounts for Hong Kong investors and domestic investors based on their holding periods [2]. Financial Performance - As of September 2025, Ningbo Bank reported total assets of 3.58 trillion yuan, a 14.50% increase from the beginning of the year, with deposits and loans also showing significant growth [4]. - The bank achieved an operating income of 54.976 billion yuan and a net profit of 22.445 billion yuan, both reflecting year-on-year growth of over 8% [4]. Risk Management and Stability - The bank maintains a low non-performing loan ratio of 0.76%, having kept it below 1% for 18 consecutive years, indicating strong asset quality [4]. - The diversified equity structure and stable management team contribute to the bank's strategic resilience and competitive advantage in profitability [4]. Market Significance - The mid-term dividend reflects the company's commitment to shareholder returns amid regulatory encouragement for increased dividends among listed companies [3][5]. - This initiative positions Ningbo Bank as a benchmark for shareholder returns within the city commercial bank sector, enhancing its investment appeal [3][5].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued guidelines to enhance the protection of small and medium investors in the capital market, emphasizing the need for listed companies to improve investor returns [1] Group 1: Investor Returns - The guidelines advocate for listed companies to adopt "cancellation-style buybacks" as a means to return value to investors [1] - There is a strong emphasis on encouraging listed companies to implement multiple dividend distributions within a year, ensuring the stability, sustainability, and predictability of dividends [1]