德意志银行股价自2008年全球金融危机爆发初期以来首次突破账面价值，这标志着这家德国最大银行在经历了多年的法律挫折、资产减记和重组 后，终于迎来转型的关键里程碑。 在1月5日的早盘交易中，德意志银行股价攀升至33.95欧元，超越了该行最近报告的每股账面价值33.66欧元。尽管最终收盘价回落至33.81欧元， 但这依然是一个重要的分水岭。 市净率（Price-to-Book ratio）是衡量银行估值的关键指标，反映了投资者对银行资产质量、回报率及增长前景的信心。自2008年初银行业健康状 况引发市场疑虑以来，德意志银行的股价长期处于低于账面价值的折价交易状态。 分析师指出，德国政府方面以债务融资驱动的投资计划预计将利好德意志银行的投资银行部门，使其作为主权债券发行和企业重组顾问的角色受 益。同时，企业信贷需求的上升也将提振其贷款业务的利润。 在2020年，投资者担忧新冠疫情引发的经济衰退可能破坏Sewing的重组计划，加之欧洲央行的负利率政策、巨额重组成本以及裁员计划受阻，导 致银行盈利深受拖累。 然而，随着欧洲银行股在过去三年经历广泛反弹，投资者信心已缓慢回归。 德意志银行不仅摆脱了包括抵押贷款支持证券不当 ...

截至9月30日，邮储银行股东户数14.26万，较上期减少13.09%；人均流通股478570股，较上期增加 15.29%。2025年1月-9月，邮储银行实现营业收入2650.80亿元，同比增长1.82%；归母净利润765.62亿 元，同比增长0.98%。 12月18日，邮储银行涨1.12%，成交额6.79亿元。两融数据显示，当日邮储银行获融资买入额7267.09万 元，融资偿还6495.22万元，融资净买入771.87万元。截至12月18日，邮储银行融资融券余额合计10.99 亿元。 融资方面，邮储银行当日融资买入7267.09万元。当前融资余额10.94亿元，占流通市值的0.30%，融资 余额超过近一年50%分位水平，处于较高位。 融券方面，邮储银行12月18日融券偿还8.26万股，融券卖出2.06万股，按当日收盘价计算，卖出金额 11.21万元；融券余量99.16万股，融券余额539.43万元，超过近一年70%分位水平，处于较高位。 资料显示，中国邮政储蓄银行股份有限公司位于中国北京市西城区金融大街3号,香港湾仔皇后大道东 248号大新金融中心40楼，成立日期2007年3月6日，上市日期2019年12月1 ...

来源：新浪证券-红岸工作室 12月9日，邮储银行跌0.54%，成交额7.25亿元。两融数据显示，当日邮储银行获融资买入额9390.95万 元，融资偿还7773.85万元，融资净买入1617.10万元。截至12月9日，邮储银行融资融券余额合计10.83 亿元。 截至9月30日，邮储银行股东户数14.26万，较上期减少13.09%；人均流通股478570股，较上期增加 15.29%。2025年1月-9月，邮储银行实现营业收入2650.80亿元，同比增长1.82%；归母净利润765.62亿 元，同比增长0.98%。 分红方面，邮储银行A股上市后累计派现1377.96亿元。近三年，累计派现773.95亿元。 机构持仓方面，截止2025年9月30日，邮储银行十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股5.20亿股，相比上期减少4.22亿股。华夏上证50ETF（510050）位居第七大流通股东，持 股2.11亿股，相比上期减少554.09万股。华泰柏瑞沪深300ETF（510300）位居第八大流通股东，持股 1.88亿股，相比上期减少918.03万股。易方达沪深300ETF（510310）位居第九大流通 ...

来源：新浪证券-红岸工作室 12月8日，邮储银行涨0.18%，成交额6.77亿元。两融数据显示，当日邮储银行获融资买入额6409.31万 元，融资偿还5334.24万元，融资净买入1075.06万元。截至12月8日，邮储银行融资融券余额合计10.67 亿元。 融资方面，邮储银行当日融资买入6409.31万元。当前融资余额10.61亿元，占流通市值的0.28%，融资 余额低于近一年40%分位水平，处于较低位。 分红方面，邮储银行A股上市后累计派现1377.96亿元。近三年，累计派现773.95亿元。 机构持仓方面，截止2025年9月30日，邮储银行十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股5.20亿股，相比上期减少4.22亿股。华夏上证50ETF（510050）位居第七大流通股东，持 股2.11亿股，相比上期减少554.09万股。华泰柏瑞沪深300ETF（510300）位居第八大流通股东，持股 1.88亿股，相比上期减少918.03万股。易方达沪深300ETF（510310）位居第九大流通股东，持股1.36亿 股，相比上期减少465.40万股。 融券方面，邮储银行12月8日融券偿还5.09万 ...

来源：新浪证券-红岸工作室 资料显示，中国邮政储蓄银行股份有限公司位于中国北京市西城区金融大街3号,香港湾仔皇后大道东 248号大新金融中心40楼，成立日期2007年3月6日，上市日期2019年12月10日，公司主营业务涉及中国 邮政储蓄银行股份有限公司在中国提供银行及相关金融服务。该银行主要通过个人银行、企业银行及资 金业务运营。个人银行业务向个人客户提供多种产品及服务,包括人民币及外汇存储、贷款、银行卡及 中间业务产品及服务。企业银行业务为企业客户提供多样化金融产品及服务,包括企业贷款、贴现票 据、企业存款及中间业务产品及服务,如:结算、票据管理、现金管理、投资银行、托管及公司理财。资 金业务主要包括金融市场业务,如:市场交易、投资、同业融资及票据贴现。资金业务还包括资产管理。 主营业务收入构成为：个人银行业务65.15%，公司银行业务22.71%，资金运营业务12.10%，其他业务 0.04%。 截至9月30日，邮储银行股东户数14.26万，较上期减少13.09%；人均流通股478570股，较上期增加 15.29%。2025年1月-9月，邮储银行实现营业收入0.00元；归母净利润765.62亿元，同比增 ...

Core Insights - Postal Savings Bank of China (PSBC) experienced a decline of 1.69% in stock price on November 21, with a trading volume of 1.244 billion yuan [1] - The bank's financing buy-in amounted to 139 million yuan, while financing repayment was 144 million yuan, resulting in a net financing outflow of 5.079 million yuan [1] - As of November 21, the total margin trading balance for PSBC was 922 million yuan, indicating a low financing balance at 0.24% of the market capitalization, below the 30th percentile of the past year [1] Financing and Margin Trading - On November 21, PSBC's financing buy-in was 139 million yuan, with a current financing balance of 918 million yuan [1] - The bank's margin trading balance is significantly low compared to historical levels, indicating potential underutilization of financing options [1] - In terms of short selling, PSBC had a repayment of 312,900 shares and a short sale of 18,200 shares, with a short selling amount of 105,700 yuan [1] Company Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, provides a range of banking and financial services in China [2] - The bank's main business segments include personal banking (65.15% of revenue), corporate banking (22.71%), and funding operations (12.10%) [2] - As of September 30, 2025, PSBC reported a net profit of 76.562 billion yuan, reflecting a year-on-year growth of 0.98% [2] Shareholder and Dividend Information - Since its A-share listing, PSBC has distributed a total of 137.796 billion yuan in dividends, with 77.395 billion yuan in the last three years [3] - As of September 30, 2025, the number of shareholders decreased by 13.09% to 142,600, while the average circulating shares per person increased by 15.29% [2][3] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable reductions in their holdings compared to previous periods [3]

Core Viewpoint - Postal Savings Bank of China (PSBC) shows stable performance with a slight increase in net profit, while financing and margin trading activities indicate low investor engagement and high short-selling interest [1][2][3] Financing Summary - On November 11, PSBC recorded a financing buy-in of 63.89 million yuan and a financing repayment of 52.19 million yuan, resulting in a net financing buy of 11.70 million yuan [1] - The total financing and margin trading balance reached 848 million yuan, with the financing balance at 844 million yuan, accounting for 0.22% of the market capitalization, which is below the 20th percentile of the past year [1] - The short-selling activity included a repayment of 25,300 shares and a sale of 600 shares, with a short-selling balance of 436,000 yuan, indicating a high level of short-selling compared to the past year [1] Company Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, provides a range of banking and financial services in China, focusing on personal banking, corporate banking, and fund operations [2] - The revenue composition includes 65.15% from personal banking, 22.71% from corporate banking, and 12.10% from fund operations, with other services contributing 0.04% [2] - As of September 30, 2025, PSBC reported a net profit of 76.56 billion yuan, reflecting a year-on-year growth of 0.98% [2] Dividend Summary - Since its A-share listing, PSBC has distributed a total of 137.80 billion yuan in dividends, with 77.40 billion yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of PSBC include Hong Kong Central Clearing Limited, which holds 520 million shares, a decrease of 422 million shares from the previous period [3] - Other notable shareholders include Huaxia SSE 50 ETF, Huatai-PB CSI 300 ETF, and E Fund CSI 300 ETF, all of which have seen reductions in their holdings [3]

Core Viewpoint - Postal Savings Bank of China (PSBC) shows a slight decline in stock price, with a market capitalization of 709.76 billion yuan and a trading volume of 910 million yuan on November 5 [1] Financial Performance - PSBC's dividend yields over the past three years were 5.58%, 6.00%, and 4.61% respectively, indicating a stable return for investors [2] - For the period from January to September 2025, PSBC reported a net profit of 76.562 billion yuan, reflecting a year-on-year growth of 0.98% [7] Shareholder Information - As of September 30, 2025, the number of PSBC shareholders decreased by 13.09% to 142,600, while the average number of circulating shares per person increased by 15.29% to 478,570 shares [7] Dividend Distribution - Since its A-share listing, PSBC has distributed a total of 137.796 billion yuan in dividends, with 77.395 billion yuan distributed over the last three years [8] Market Position - PSBC is classified as a state-owned enterprise, ultimately controlled by China Post Group [2] - The bank's main business segments include personal banking (65.15% of revenue), corporate banking (22.71%), and funding operations (12.10%) [6] Technical Analysis - The average trading cost of PSBC shares is 5.14 yuan, with the stock price currently near a support level of 5.88 yuan [5]

Group 1 - Postal Savings Bank of China (PSBC) shares increased by 2.08% on November 4, reaching 5.90 CNY per share, with a trading volume of 431 million CNY and a market capitalization of 708.56 billion CNY [1] - Year-to-date, PSBC's stock price has risen by 8.90%, with a 2.80% decline over the last five trading days, a 1.20% increase over the last 20 days, and a 2.43% increase over the last 60 days [1] - As of September 30, 2025, PSBC reported a net profit of 76.56 billion CNY, reflecting a year-on-year growth of 0.98% [3] Group 2 - PSBC's main business segments include personal banking (65.15% of revenue), corporate banking (22.71%), and funding operations (12.10%) [2] - The bank has distributed a total of 137.80 billion CNY in dividends since its A-share listing, with 77.40 billion CNY distributed over the last three years [4] - As of September 30, 2025, the number of PSBC shareholders decreased by 13.09% to 142,600, while the average circulating shares per person increased by 15.29% to 478,570 shares [3]

Core Viewpoint - Postal Savings Bank of China (PSBC) has shown a mixed performance in its stock price, with an 8.34% increase year-to-date, but a recent decline of 5.48% over the past 20 days [2] Company Overview - PSBC is headquartered in Beijing and was established on March 6, 2007, with its listing date on December 10, 2019 [2] - The bank provides a range of banking and financial services, primarily through personal banking (65.15% of revenue), corporate banking (22.71%), and funding operations (12.10%) [2] - The bank's main services include savings, loans, credit cards, corporate loans, and asset management [2] Financial Performance - As of June 30, 2025, PSBC reported a net profit of 49.228 billion yuan, reflecting a year-on-year growth of 0.85% [3] - The bank has distributed a total of 137.796 billion yuan in dividends since its A-share listing, with 77.395 billion yuan distributed in the last three years [4] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 10.31% to 164,100, while the average number of circulating shares per person increased by 11.66% to 415,086 shares [3] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with significant increases in their holdings [4]