炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：机构之家 威海银行（9677.HK）H股定增"补血"方案，已浮出水面。 机构之家关注到，12月21日，威海银行于港交所发布公告，该行与津联集团订立H股认购协议，拟向津 联集团发行不超过1.5亿股H股，认购价为每股H股人民币3.29元，较最新收盘价3.06港元溢价约 17.97%，合计总额不超过人民币4.935亿元。 图片系威海银行公告津联集团同意认购其新发H股 "姗姗来迟"的援手 回顾来看，威海银行定增计划早已启动。 早在7月31日，威海银行即对外公告，拟向合格认购方发行不超过7.58亿股内资股和不超过1.54亿股H 股，分别对应募集资金不超过24.94亿元、5.06亿元，合计最多将募集30亿元。募集资金净额将全部用于 补充该行核心一级资本。 或许是源于控股股东的"呵护"，在彼时威海银行定增公告中，还透露的本次发行内资股等发行对象可能 包括山东高速集团及其控股子公司山东高速。同日，作为A股上市公司的山东高速（600350.SH）即"心 有灵犀"地对外公告称，其将以3.29元/股股价认购威海银行不超过1.06亿股内资股，认购总额不超 ...

威海银行(09677)公布，于2025年12月21日，该行与津联集团订立H股认购协议，拟向津联集团发行不超 过1.5亿股H股，认购价为每股H股人民币3.29元，较于本公告日期香港联交所所报收市价每股H股3.06港 元溢价约17.97%，现金代价不超过人民币4.935亿元。募集资金净额将全部用于补充该行核心一级资 本。 ...

12月3日，陕西金融监管局发布批复，同意长安银行增资扩股方案，募集股份不超过26.11亿股，募集资金全部用于补充核心一级资本。 " 数据显示，今年前三个季度，长安银行的核心一级资本充足率、一级资本充足率、资本充足率一直处于下滑的趋势。截至三季度末，三项指标分 别为8.23%，9.62%，11.66%，距离监管红线并不远了。" 01 批复要求，长安银行应严格审查股东资质，按程序向陕西金融监管局申请核准相关股东资格，并严格核查入股资金来源，确保入股资金为来源合法 的自有资金，不得以委托资金、债务资金等非自有资金入股，确保增资扩股的真实性。 此前，长安银行已于2025年10月11日召开2025年第一次临时股东大会，审议了关于增资扩股方案的议案。 02 长安银行是在陕西省委、省政府主导下，经原中国银监会批准，重组宝鸡、咸阳、渭南、汉中、榆林五家地方金融机构，引入延长集团、陕西煤 业、陕西有色等战略投资者，以新设合并方式组建的陕西第一家省属法人股份制商业银行，2009年7月29日开业。 开业之初，长安银行的注册资本为30亿，经过多次增资扩股及股票股利分配，截至2024年末，其注册资本金已升至75.77亿。 03 可以看 ...

12月3日，据陕西监管局最新公告，长安银行增资扩股方案已获批。本次募集股份不超过26.11亿股，募 集资金将全部用于补充核心一级资本。 公告指出，长安银行应严格审查股东资质，按程序向该局申请核准相关股东资格，并要严格核查入股资 金来源，确保入股资金为来源合法的自有资金。 资料显示，长安银行成立于2009年7月，是在陕西省委、省政府主导下，在合并重组陕西省内原5家城市 商业银行、城市信用社基础上，引入11家战略投资者，以新设合并方式组建的法人股份制商业银行。 自成立以来，长安银行进行多次增资扩股，其注册资本金已从最初的30亿元增至75.77亿元。目前，该 行的前三大股东分别为陕西延长石油（集团）有限责任公司、陕西煤业化工集团有限责任公司、陕西有 色金属控股集团有限责任公司，实际控制人为陕西省人民政府。 或受益于此，长安银行资本净额有所增加。截至2025年9月末，该行核心一级资本净额为304.51亿元， 同比增加14.35亿元。 不过，其资本充足率却在下降，同期核心一级资本充足率为8.23%，一级资本充足率为9.62%，资本充 足率为11.66%；而去年同期分别为9.23%、10.8%、13.01%。资产质量方面 ...

Group 1 - The core point of the article is that Jiujiang Bank has announced a plan to issue up to 860 million domestic shares and up to 175 million H-shares to raise funds for supplementing its core Tier 1 capital [1] - As of the announcement date, Jiujiang Bank's total share capital is approximately 2.847 billion shares, and if the issuance is fully completed, the total share capital will increase to 3.882 billion shares, representing an increase of over 36% [1] - From 2020 to 2022, Jiujiang Bank's core Tier 1 capital adequacy ratio declined from 9.02% to 7.93%, nearing the regulatory minimum requirement [1] Group 2 - In response to the declining capital adequacy ratio, Jiujiang Bank initiated its first capital increase plan after going public at the end of 2022, aiming to issue up to 365 million domestic shares and up to 75 million H-shares, ultimately raising nearly 4 billion yuan by the end of 2023 [1] - Since its listing, Jiujiang Bank has conducted a total of 11 shareholder capital contribution changes to continuously "replenish" its capital [1] - According to Wu Zewei, a special researcher at Suzhou Bank, the targeted issuance and introduction of strategic investors will enhance the bank's risk resistance capability and support real credit lending, while also optimizing the equity structure and improving corporate governance [1]

Core Insights - Jiujiang Bank reported a revenue of 8.03 billion yuan for the first three quarters of 2025, a year-on-year decline of 4.04%, while net profit reached 866 million yuan, with a growth rate recovering to 3.94% from a previous decline of 36.08% in the first half of the year [2][3] Financial Performance - The main source of revenue for Jiujiang Bank is net interest income, which amounted to 6.46 billion yuan, a decrease of 5.66 billion yuan or 8.05% year-on-year [3] - Non-interest income included net fee and commission income of 471 million yuan, down 30.97% year-on-year, while net financial investment income increased by 8.06 billion yuan, a growth of 150.33% [3] - Asset impairment losses were 4.57 billion yuan, a decrease of 328 million yuan or 6.7% year-on-year, supporting the recovery of net profit growth [3] - As of September 30, 2025, total assets reached 521.33 billion yuan, an increase of 2.61% year-on-year, with loans and advances at 324.96 billion yuan, up 4.82% [3] Capital Increase Plan - Jiujiang Bank announced a capital increase plan to issue up to 860 million domestic shares and 175 million H-shares, aiming to raise funds to supplement core tier one capital and enhance risk resistance [4][5] - If the capital increase is completed, total shares will rise from 2.847 billion to 3.882 billion, an increase of 36.4% [5] - As of September 30, 2025, the core tier one capital adequacy ratio was 8.63%, down 0.81 percentage points from the end of the previous year [4] Shareholder Structure - The top three domestic shareholders of Jiujiang Bank are Jiujiang Municipal Finance Bureau (15.78%), BAIC Group (12.85%), and Industrial Bank (10.34%) [6]

Core Insights - Jiujiang Bank reported a revenue of 8.03 billion yuan for the first three quarters of 2025, a year-on-year decline of 4.04%, while net profit reached 866 million yuan, with a growth rate recovering to 3.94% from a decline of 36.08% in the first half of the year [2][3] Financial Performance - The main source of revenue for Jiujiang Bank is net interest income, which amounted to 6.46 billion yuan, a decrease of 5.66 billion yuan or 8.05% year-on-year [3] - Non-interest income included net fee and commission income of 471 million yuan, down 30.97% year-on-year, while net financial investment income increased by 8.06 billion yuan, a growth of 150.33% [3] - Asset impairment losses were 4.57 billion yuan, a decrease of 328 million yuan or 6.7% year-on-year, supporting the recovery of net profit growth [3] - As of September 30, 2025, total assets reached 521.33 billion yuan, an increase of 2.61% year-on-year, with loans and advances at 324.96 billion yuan, up 4.82% [3] Capital Increase Plan - Jiujiang Bank announced a capital increase plan to issue up to 860 million domestic shares and 175 million H-shares, aiming to raise funds to supplement core tier one capital and enhance risk resistance [4][5] - If the capital increase is completed, total shares will rise from 2.847 billion to 3.882 billion, an increase of 36.4% [5] - As of September 30, 2025, the core tier one capital adequacy ratio was 8.63%, down 0.81 percentage points from the end of the previous year [4] Shareholder Structure - The top three domestic shareholders of Jiujiang Bank are Jiujiang Municipal Finance Bureau (15.78%), BAIC Group (12.85%), and Industrial Bank (10.34%) [6]

Core Viewpoint - Jiujiang Bank (06190.HK) announced a plan to issue up to 860 million domestic shares and up to 175 million H-shares to qualified subscribers by October 31, 2025, to effectively supplement its core Tier 1 capital and enhance its risk resistance capability [1] Group 1 - The issuance aims to optimize the bank's equity structure [1] - The net proceeds from the issuance, after deducting related expenses, will be used entirely to supplement the bank's core Tier 1 capital [1]

Core Points - China Mobile has converted 56,314,540 convertible bonds into ordinary shares of SPDB, increasing its shareholding from 17.00% to 18.18% [1][2] - The conversion is aimed at enhancing SPDB's core Tier 1 capital, capital strength, and risk resilience [1][2] - SPDB's previous half-year report indicated that China Mobile is its second-largest shareholder [2] Summary by Sections Shareholding Changes - Following the conversion, China Mobile's shareholding in SPDB rises to 18.18%, which does not trigger a mandatory takeover bid and does not change the largest shareholder status [2] - The conversion allows China Mobile to acquire SPDB shares at a price comparable to market trading prices [2] Capital Strengthening - The convertible bonds were issued in October 2019, totaling 50 billion yuan, with proceeds intended to support future business development and enhance core Tier 1 capital [3] - The conversion period for the bonds is from May 4, 2020, to October 27, 2025, with trading ceasing on October 23, 2025 [3] Market Confidence - Other institutions, such as Xinda Investment and Dongfang Asset, have also converted their holdings into ordinary shares, reflecting confidence in SPDB's future performance [4] - As of June 30, SPDB's core Tier 1 capital adequacy ratio was 8.91%, below the industry average of 10.93% as reported by the National Financial Supervision Administration [4]

Core Insights - China Bank reported a total asset of 36.79 trillion yuan as of June 30, 2025, representing a year-on-year growth of 4.93% [2] - The bank achieved an operating income of 329 billion yuan, a year-on-year increase of 3.76%, while net profit decreased by 0.31% to 126.14 billion yuan [2] - The bank's net profit attributable to shareholders was 117.59 billion yuan, down 0.85% year-on-year [2] Capital Increase and Financial Health - The Ministry of Finance issued special government bonds worth 500 billion yuan to support China Bank and three other state-owned banks in capital replenishment [2] - China Bank raised 165 billion yuan through a targeted A-share issuance to the Ministry of Finance, which will be fully used to increase core Tier 1 capital [2] - Following the capital increase, the bank's core Tier 1 capital adequacy ratio reached 12.57%, up 75 basis points from the previous quarter, marking the highest level in the bank's history [3] Strategic Focus and Future Plans - The bank aims to enhance capital efficiency and optimize its capital structure, focusing on leveraging capital to improve financial service levels and operational efficiency [3] - The bank plans to strengthen its global presence and diversify income sources while enhancing capital return and value creation [3] - The bank's vice president indicated that the capital increase will enable it to better support the real economy and maintain stable credit growth while improving the efficiency of fund utilization [4][5]