近日，宁波银行股份有限公司开展了特定对象调研活动，吸引了包括富国基金、平安资管、泉果基金在 内的3家机构参与。以下为本次调研的详细情况。 调研基本信息投资者活动关系类别：特定对象调研时间：2025年9月24日上午地点：公司总部大厦参与 单位名称：富国基金、平安资管、泉果基金上市公司接待人员姓名：公司投关团队 调研精彩要点贷款增速能否持续：近年来，宁波银行积极响应政策，重点支持民营小微企业、制造业企 业等领域，实现贷款规模稳步增长。未来，随着扩内需、促消费政策红利释放以及新质生产力培育，该 行将扩大金融服务覆盖面，保持信贷合理增长，支持实体经济发展。资本计量高级法推进：2024年11月 国家金融监督管理总局发布相关规定后，宁波银行正在积极研究跟进，同时关注监管动态与同业进展， 稳妥推进资本计量高级法相关工作。资产质量展望：面对经济周期与局势变化带来的挑战，宁波银行将 依托"四化五帮"服务体系助力重点领域，严格授信准入。同时完善全流程信用风险管理，预计资产质量 将保持在行业较好水平。 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图 ...

宁波银行股份有限公司投资者关系活动记录表 编号:2025-30 | 投资者关系活动 | 特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 □其他： | | 活动参与人员 | 公司投关团队； | | | 富国基金 徐健荣、平安资管 王可、泉果基金 张家盛 | | 时间 | 2025 年 9 月 24 日上午 | | 地点 | 公司总部大厦 | | 形式 | 现场会议 | | | 1、请问公司贷款增速较高，未来能否保持？ | | | 答：近年来，公司认真贯彻落实各级政府和金融监管部门的决策部署，聚焦 | | | 民营小微企业、制造业企业、进出口企业、民生消费等重点领域，加大资源 | | | 倾斜和支持力度，持续提升金融服务水准，助力实体经济提质增效，实现贷 | | | 款规模稳步增长。下阶段，随着扩内需、促消费等政策红利持续释放，新质 | | | 生产力加速培育，公司将持续扩大金融服务的覆盖面，有效对接实体经济融 | | | 资需求，保持信贷合理增长，切实支持实体经济发展。 | | | 2、贵行是否会 ...

编号:2025-25 | 投资者关系活动 |  特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 □其他： | | | 公司投关团队； | | 活动参与人员 | Aspoon Capital Chenyi Huang、Capital Feiyu Shang、Ci Financial Phoebe Hong、 | | | Dymon Irene Zhou、Hao Capital Elsa Wang、North Rock Capital Hu Shen、 | | | Point72 Zining Wang | | 时间 | 年 月 日下午 2025 7 16 | | 地点 | 公司总部大厦 | | 形式 | 现场会议 | | | 1、请问公司如何在行业竞争中取得优势？ | | | 答：公司坚持差异化的经营策略，主动适应经营环境变化，持续积累差异化 | | | 的比较优势，推动银行高质量发展：一是深化经营主线，推动持续发展；二 | | | 是强化专业经营，夯实核心优势；三是加快科技转型，赋能经营管理；四 ...

Group 1: Loan Growth and Support for the Economy - The bank has focused on key sectors such as private small and micro enterprises, manufacturing, import-export businesses, and consumer spending to enhance financial services and support the real economy, resulting in steady loan growth [2] - Future loan growth is expected to be maintained due to ongoing policy benefits aimed at expanding domestic demand and promoting consumption [2] Group 2: Capital Measurement and Regulatory Compliance - The bank is actively researching and following the requirements for implementing advanced capital measurement methods as outlined by the National Financial Supervision Administration [2] - The bank is monitoring regulatory developments and the progress of peers in applying for advanced measurement methods [2] Group 3: Capital Supplementation Plans - The bank has optimized its business structure and reduced capital usage, achieving a capital adequacy ratio of 15.32% by the end of 2024, which is considered a strong level within the industry [2] - The bank plans to issue capital bonds not exceeding 45 billion yuan to further strengthen its capital base [2] Group 4: Investor Relations and Compliance - The investor relations activity involved thorough communication with investors, adhering to disclosure regulations without leaking any undisclosed significant information [2]

编号:2025-20 | 投资者关系活动 |  特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 □其他： | | 活动参与人员 | 公司投关团队； | | | Point72 Asset Mgmt Vincent Gu | | 时间 | 年 月 日上午 2025 6 5 | | 地点 | 电话会议 | | 形式 | 电话会议 | | | 1、请问公司分红增长较快原因？ 答：稳定的分红是股东投资回报的重要组成部分，公司始终将为股东创造良 | | | 发现金红利 9 元（含税），连续第二年增加分红金额。未来，公司将继续统 | | | 好回报作为经营管理的重要考量。2024 年度利润分配方案为每 10 股普通股派 | | | 筹好分红与内源性资本增长的关系，夯实业务稳健可持续发展所必需的资本 | | | 基础。 | | | 2、请问公司贷款增速较高，未来能否保持？ | | | 答：近年来，公司认真贯彻落实各级政府和金融监管部门的决策部署，聚焦 | | | 民营小微企业、制造业企业、进出口企业、民生消费 ...

Group 1: Capital Measurement and Regulatory Compliance - The bank is actively researching and following the requirements for implementing advanced capital measurement methods as per the regulations issued by the National Financial Supervision Administration in November 2024 [2] Group 2: Loan Growth and Economic Support - The bank has focused on key sectors such as private small and micro enterprises, manufacturing, import-export businesses, and consumer services to enhance financial services and support the real economy, resulting in steady loan growth [2] - Future loan growth is expected to be maintained due to ongoing policy benefits aimed at expanding domestic demand and promoting consumption [2] Group 3: Asset Quality Management - The bank acknowledges new challenges in asset quality management due to economic fluctuations and external conditions, committing to strict credit policies and risk management practices [2] - The bank's asset quality is projected to remain at a relatively good level within the industry, supported by a comprehensive credit risk management framework and the use of financial technology [2] Group 4: Investor Communication and Disclosure - The company ensured thorough communication with investors during the meeting, adhering to disclosure regulations and avoiding any leakage of undisclosed significant information [2]

Group 1: Business Strategy - In 2025, Ningbo Bank will focus on steady progress, adapting to changes in the operating environment, and enhancing support for the real economy, particularly in innovative sectors [2] - The bank aims to strengthen its "professional + technology" approach, enhancing digital solutions to empower clients and improve efficiency [2] - Risk prevention will be prioritized through comprehensive systems and processes to ensure stable development in a volatile market [2] Group 2: Financial Performance and Measures - The bank's capital adequacy ratio was 15.32% at the end of 2024, maintaining a strong position in the industry [3] - To address narrowing interest margins, the bank will optimize both asset and liability sides, focusing on supporting real economy credit needs and enhancing investment strategies [3] - The bank plans to issue up to 45 billion yuan in capital bonds to strengthen its capital base [3] Group 3: Shareholder Engagement - The bank maintains close communication with major shareholders, who express confidence in the bank's long-term development and strategic initiatives [3] - Any potential shareholding increase by shareholders will be disclosed in accordance with legal and regulatory requirements [3] Group 4: Regulatory Compliance - The bank has established a dedicated office to implement advanced capital measurement methods in response to new regulatory guidelines [3] - The bank emphasizes compliance with disclosure regulations, ensuring no significant undisclosed information was leaked during investor interactions [3]

调研纪要：宁波银行在2024年度利润分配方案中提出每10股派发9元现金红利，连续第二年增加分红金 额。2024年净息差为1.86%，同比下降2个基点，净利差为1.91%，同比下降10个基点。2025年，公司将 优化信贷资源配置，推动个人贷款增长，控制负债成本。手续费收入方面，2024年受资本市场波动等因 素影响承压明显，2025年将提升财富管理业务收入，挖掘客户多元需求，丰富用卡场景。拨备覆盖率从 2023年的高位下降至2024年末的389.35%，主要原因是信贷资产增长快，增加了拨备计提和不良核销。 此外，公司正在研究资本计量高级法，并关注监管动态和其他同业进展。 机构简介： 上海高毅资产管理合伙企业（有限合伙）是国内投研实力较强、管理规模较大、激励制度领先的平台型 私募基金管理公司，专注于资本市场，致力于为优秀的投资经理配备一流的研究支持、渠道资源、品牌 背书、资本对接和运营维护，打造以人为本的企业文化和扁平化的组织架构，让优秀的投资经理专注于 投资，全力以赴地为投资者创造更佳的收益。高毅资产旗下汇聚了多位长期业绩优秀、市场经验丰富的 明星投资经理。目前投研团队超过30人，投资经理包括千亿级基金公司投资总 ...

Group 1 - The new chairman of Postal Savings Bank, Zheng Guoyu, has been appointed after a vacancy of nearly three years, with expectations for changes in the bank's operations and strategy [1] - Zheng Guoyu's qualifications were approved in February 2025, and he previously held positions in major banks such as Bank of China and Industrial and Commercial Bank of China [1] - Postal Savings Bank's core tier 1 capital ratio is currently at 9.56%, and the bank is set to receive a capital injection of 130 billion yuan from the government, which is expected to improve this ratio by 1.5 percentage points [2][3] Group 2 - In 2024, Postal Savings Bank reported a revenue of 348.78 billion yuan, a year-on-year increase of 1.83%, and a net profit of 86.48 billion yuan, up 0.24% [4] - The bank's net interest margin for 2024 was 1.87%, a decrease of 0.14 percentage points from the previous year, but still remains relatively high within the industry [6] - The bank's personal banking business revenue proportion has declined to 69.57% in 2024 from 72.95% in 2023, indicating a shift in revenue sources [8] Group 3 - The bank's non-performing loan (NPL) ratio increased to 0.90% in 2024, with a total NPL balance of 80.32 billion yuan, of which personal small loans accounted for over 40% [9][10] - The interest income from customer loans reached 324.72 billion yuan in 2024, with personal loan interest income decreasing by 3.39% due to factors such as LPR and lower mortgage rates [11] - The bank plans to distribute a cash dividend of 1.14 yuan per 10 shares, totaling 11.29 billion yuan, as part of its valuation enhancement plan [13][14] Group 4 - Postal Savings Bank's operational costs have been tightly controlled, with total business and management expenses increasing by only 0.91% to 224.04 billion yuan in 2024 [15][16] - The bank's employee count increased to 197,600, with an average salary of 331,200 yuan, reflecting a decrease of 7.28% year-on-year [16]

Group 1: Core Insights - Postal Savings Bank of China (PSBC) is addressing two main concerns: the long-term "tight balance" state of its core Tier 1 capital and the unique agency fee adjustment mechanism from its "self-operated + agency" model [2][3] - The bank is set to receive a capital injection of 130 billion RMB from the government, which is expected to increase its core Tier 1 capital adequacy ratio by 1.5 percentage points [2][7] - The bank plans to implement a proactive adjustment of agency fees, transitioning from a previously reactive approach to a more strategic one [2][8] Group 2: Financial Performance - In 2024, PSBC reported operating income of 349.133 billion RMB, a year-on-year increase of 1.81%, and a net profit attributable to shareholders of 86.479 billion RMB, up 0.24% [4] - Total assets exceeded 17 trillion RMB, growing by 8.64%, while total liabilities surpassed 16 trillion RMB, increasing by 8.69% [4] - The bank's non-performing loan ratio stands at 0.90%, with a non-performing loan generation rate of 0.84% and a provision coverage ratio of 286.15% [5] Group 3: Strategic Initiatives - The bank aims to enhance its asset-liability management flexibility and proactivity to build a more balanced and resilient balance sheet [5][6] - Key strategies include improving loan allocation capabilities, consolidating core competitive advantages in liabilities, and implementing more flexible non-credit allocation strategies [5][6] - The bank is transitioning towards a more robust income model, balanced business structure, coordinated market structure, efficient operational system, excellent risk control system, and high-quality collaborative system [6] Group 4: Capital Increase and Shareholder Impact - The recent capital increase will not affect the 2024 dividend for existing shareholders, as the issuance will occur after the annual dividend distribution [7] - The capital increase is the largest in the bank's history, directly enhancing the core Tier 1 capital adequacy ratio by 1.5 percentage points [7][8] - The government will become the second-largest shareholder with a 15% stake, reflecting strong confidence in the bank's future [7][8]