证券代码：002958 证券简称：青农商行 青岛农村商业银行股份有限公司投资者关系活动记录表 编号:2025-10 投资者关系活动类 别 特定对象调研 □分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他： 参与单位名称及人 员姓名 信达证券张弛、山东省信用增进牟飞 时间 2025 年 9 月 16 日下午 地点 本行 4 楼会议室 上市公司接待人员 姓名 本行高管及相关部门人员 投资者关系活动主 要内容介绍 1.今年零售中间业务收入增长主要来源和持续性？ 答：目前，理财业务仍是我行中收的重要来源，今年以来，我行大力 拓展财富业务，一是搭建普惠财富管理体系和私行财富管理体系，完善产 品支撑、队伍支撑、服务支撑、科技支撑等，提升财富管理综合能力，提 升客户 AUM，加大财富业务整体中收贡献度。二是深化客群精耕，聚焦重 点客群风险偏好、流动性偏好，配备专属产品、专项活动、服务策略，加 大财富产品配置，提升财富中收。三是加大理财经理人才培养力度，搭建 "培训赋能"机制，根据队伍等级评定结果，体系化制定学习地图，梯次 化、差异化进行培训赋能；搭建"实战赋能"机制，通过小班制速训营、 树立 ...

Core Viewpoint - The company reported significant fluctuations in the value of its trading financial assets, primarily due to the impact of secondary market stock price changes on the underlying equity assets of venture capital projects that have either gone public or exited [1] Group 1 - The company has participated in several venture capital projects, with some companies achieving IPOs or exits, leading to changes in the fair value of its trading financial assets [1] - Over the past two years, the company has gradually exited most of its related venture capital investments, with only a few projects remaining [1] - The company is actively formulating exit plans for the remaining projects, expecting the impact of this business on its overall performance to diminish gradually [1]

Group 1 - The core viewpoint of the article is that Jinling Pharmaceutical (000919) clarified its financial asset composition and liquidity status in response to investor inquiries [1] - The company holds 1 billion in trading financial assets, primarily in structured bank deposits, and only has shares in Zijin Bank [1] - The total cash balance reported is 1.3 billion, which includes funds held by the company and its subsidiaries [1]

Core Viewpoint - The company received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, specifically focusing on the acquisition of a 60% stake in Shanghai Pu Jing Enterprise Management Center (Limited Partnership) and the related financial implications [1][2]. Group 1: Acquisition Details - The company acquired a 60% stake in Shanghai Pu Jing for a cash consideration of 90 million yuan, with the identifiable net assets of the acquired entity showing a book value of -942 million yuan and a fair value of 135 million yuan, resulting in an assessment increment of 1.076 billion yuan [1][2]. - The acquisition was driven by the need to stabilize control and management of the acquired entity due to financial difficulties faced by one of its partners, Shanghai Jing Rui Investment Co., Ltd. [2][3]. Group 2: Financial Impact - The acquisition led to an increase in the book value of intangible assets by 1.929 billion yuan, primarily due to mining rights, and an increase in investment property by 483 million yuan [1][2]. - The total assets of the acquired entity amounted to 3.032 billion yuan, with a net profit of -325.6 million yuan for the year 2024 [5][6]. Group 3: Management and Operational Strategy - Post-acquisition, the company plans to appoint a senior management team to enhance governance and operational efficiency, focusing on cost reduction and revenue enhancement through improved sales and marketing efforts [6][7]. - The company aims to leverage its experience in mining rights management to mitigate potential impairment risks associated with the acquired assets [1][3]. Group 4: Asset Valuation and Assessment - The identifiable assets and liabilities of the acquired company were assessed using various valuation methods, including the discounted cash flow method for mining rights, which were valued at 2.0009436 billion yuan [7][8]. - The fair value of investment properties was determined to be 452 million yuan, reflecting a 17.82% increase from the book value [7][8].

Core Viewpoint - The main difference between trading financial assets and other equity investments lies in the treatment of fair value fluctuations and the adjustment logic for retained earnings upon derecognition [2]. Group 1: Accounting Treatment Differences - Fair value changes for trading financial assets are recognized in current profit and loss, directly impacting the income statement, while for other equity investments, they are recorded in other comprehensive income, not affecting current profit [1][2]. - Both types of investments recognize dividend or interest income through the investment income account [1]. - Trading financial assets do not require impairment provisions as their fair value fluctuations are reflected in current profit, whereas other equity investments typically do not require impairment unless there is a non-temporary decline in value [1]. Group 2: Disposal Accounting Treatment - The disposal difference for trading financial assets is recorded in investment income, affecting current profit, while for other equity investments, it is transferred to retained earnings, not impacting the income statement [1]. - Fair value changes previously recorded in other comprehensive income are also transferred to retained earnings upon disposal [1]. Group 3: Financial Statement Impact - Trading financial assets directly affect the income statement, increasing profit volatility, while other equity investments only impact the balance sheet, smoothing profits but reducing return on equity [1].