Core Insights - Ningbo Bank is positioned for a key transformation period in 2026, focusing on serving the real economy with a customer-centric approach and a comprehensive service system [1] Financial Performance - As of September 2025, Ningbo Bank's total assets reached 3.58 trillion yuan, a 14.50% increase from the beginning of the year [1] - Customer loans and advances amounted to 17.2 trillion yuan, up 16.31% year-on-year, with corporate loans growing by 30.83% [1] - Customer deposits totaled 2 trillion yuan, reflecting an 11.52% increase from the start of the year [1] - For the first nine months of 2025, the bank reported operating income of 55 billion yuan, an 8.32% year-on-year growth, and a net profit attributable to shareholders of 22.4 billion yuan, up 8.39% [1] - The annualized weighted average return on equity stood at 13.81%, with basic earnings per share of 3.35 yuan, a growth of 8.77% [1] - By the end of Q3, operating cash flow per share reached 33.68 yuan, a significant increase of 78% year-on-year [1] Service and Product Development - Ningbo Bank has established a multi-dimensional and differentiated service system, with foreign exchange trading volume reaching 72 billion USD in the first half of 2025 [2] - Wealth management clients reached 12.31 million, with private banking assets under management totaling 358.5 billion yuan [2] - The bank's digital transformation includes the upgrade of its treasury management system and the launch of new digital products, enhancing service efficiency [2] - As of June 2025, the bank's wealth management product scale was 601.1 billion yuan, and its international settlement volume was 158 billion USD, a 19% increase year-on-year [2] Risk Management and Asset Quality - As of September 2025, Ningbo Bank maintained a non-performing loan ratio of 0.76%, with a provision coverage ratio of 376% [3] - The capital adequacy ratios are robust, with a core tier 1 capital ratio of 9.21%, a tier 1 capital ratio of 10.70%, and a total capital ratio of 14.62% [3] Strategic Focus - In 2026, Ningbo Bank aims to enhance its customer-centric approach, providing comprehensive financial services to support clients in asset management and risk management [4] - The bank plans to leverage digital systems and open banking to improve operational efficiency and support high-quality development for clients [4] - Ningbo Bank is committed to comprehensive risk management and sustainable development, aiming to create more value for society, shareholders, and customers [4]

Core Viewpoint - Ningbo Bank has been recognized as the "Annual Listed Bank" in the 2025 Financial Industry Annual Selection for its outstanding performance in business development and commitment to serving the real economy [1] Group 1: Financial Performance - As of September 2025, Ningbo Bank's total assets reached 35,783.96 billion yuan, a 14.50% increase from the beginning of the year [2] - The bank reported operating income of 54.976 billion yuan and a net profit attributable to shareholders of 22.445 billion yuan, reflecting year-on-year growth of 8.32% and 8.39%, respectively, outperforming the industry average [2] Group 2: Loan and Deposit Growth - Total loans and advances amounted to 17,168.23 billion yuan, marking a 16.31% increase since the beginning of the year [3] - Total deposits reached 20,478.04 billion yuan, up 11.52% from the start of the year [3] Group 3: Risk Management - As of September 2025, the non-performing loan ratio stood at 0.76%, unchanged from the beginning of the year, with a provision coverage ratio of 375.92% [3] - The bank has maintained a non-performing loan ratio below 1% for 18 consecutive years since its listing, showcasing strong asset quality [3] Group 4: Strategic Initiatives - Ningbo Bank is committed to integrating national strategies with its development, focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance [3][4] - The bank has been recognized for its achievements, ranking 72nd in the Global 1000 Banks list by The Banker magazine, an improvement of 8 places from the previous year [4] Group 5: Social Responsibility and Innovation - The bank emphasizes its role in supporting the real economy and has developed specialized products like patent loans and technology loans to foster new technologies [5] - It has also integrated green development into its strategic management, with green loan balances exceeding 68 billion yuan, expected to facilitate a carbon reduction of over 230,000 tons [5] Group 6: Future Outlook - Looking ahead, Ningbo Bank aims to uphold the principle of "professionalism creates value" while continuing to serve the real economy and empower social progress [7]

Group 1 - The "2025 Securities Market Annual Conference" was successfully held in Beijing, focusing on the theme of "Reform and Innovation in Capital Markets" [1] - Industry leaders emphasized the need for dual-driven reform and innovation to enhance the capital market's ability to serve the real economy and protect investors [1] - Key areas of focus include technological finance and green finance to achieve a "new start" in the capital market [1] Group 2 - The "2025 Golden Courser Award Ceremony" recognized institutions and individuals for their contributions to the healthy development of the capital market, with 11 significant awards presented [2] - Ningbo Bank won the "Golden Courser Award for Outstanding Service to the Real Economy" due to its excellent operational performance and risk management [2] Group 3 - Ningbo Bank views the award as recognition of its past year's work and an encouragement for future development, aiming to create a competitive commercial bank in China [4] - The bank's strategy focuses on supporting the real economy and small and medium-sized enterprises (SMEs), enhancing its service offerings and operational efficiency [4] Group 4 - Ningbo Bank has implemented a "four-special" model for microfinance services, providing simple, convenient, and efficient financial services to small enterprises [5] - As of June 2025, the bank's inclusive microloans balance reached 214.34 billion yuan, serving 234,400 micro-enterprises [5] Group 5 - On December 17, Ningbo Bank announced its first mid-year dividend distribution plan, distributing a cash dividend of 3 yuan per 10 shares, totaling 1.981 billion yuan [6] - The bank continues to focus on supporting key sectors such as private SMEs, manufacturing, and consumer finance, aiming to enhance financial service quality and support the real economy [6]

Core Viewpoint - Small and micro enterprises are vital to the national economy, serving as a foundation for employment, livelihood, and innovation, with Ningbo Bank positioning itself as a supporter of these enterprises through inclusive finance [1] Group 1: Financial Support and Innovation - Ningbo Bank has introduced a series of credit products such as "Small Micro Loan," "Easy Loan," "Export Extreme Loan," "Science and Technology Innovation Loan," and "Order Loan" to alleviate financing difficulties for small and micro enterprises [2] - The bank simplifies application processes and implements exclusive preferential policies to reduce the financing burden on stable small enterprises, enabling them to access necessary funds easily [2] - The bank provides comprehensive services throughout the growth cycle of small enterprises, including tailored financial and non-financial solutions [2][3] Group 2: Digital Transformation and Efficiency - Digital transformation is essential for small enterprises to enhance competitiveness and achieve high-quality development, with Ningbo Bank offering various digital solutions like "Financial Manager" and "Foreign Exchange Manager" [4][5] - The "Financial Manager" platform integrates various financial systems to improve fund management efficiency, significantly reducing time and errors in financial operations [4] - The "Foreign Exchange Manager" utilizes advanced technologies to streamline cross-border payment processes, allowing enterprises to complete transactions quickly and efficiently [5] Group 3: Resource Integration and Industry Upgrading - Ningbo Bank extends its services beyond financial support to include resource integration, helping small enterprises connect with academic and research institutions for technology transfer and innovation [6] - The bank has developed an "Overseas Service" platform to assist small enterprises in international expansion by collaborating with over 70 professional firms and institutions [6] - By addressing specific needs of enterprises, such as providing local expertise for international ventures, Ningbo Bank facilitates smoother market entry and operational success [6] Group 4: Commitment to Inclusive Finance - Ningbo Bank is committed to transforming inclusive finance from a policy benefit into a driving force for enterprise development, continuously exploring new service paths for small and micro enterprises [7]

Core Viewpoint - Ningbo Bank, as a nationally significant bank and a top global bank, focuses on creating value through professionalism and aims to support the real economy with its strategic orientation towards technology finance, green finance, inclusive finance, pension finance, and digital finance during the "14th Five-Year Plan" period [2][3]. Group 1: Financial Performance - As of September 2025, Ningbo Bank's total assets exceeded 3.5 trillion yuan, reaching 35,783.96 billion yuan, a growth of 14.50% from the beginning of the year, demonstrating strong asset expansion capabilities [2]. - The net profit attributable to shareholders for the first three quarters was 22.445 billion yuan, an increase of 8.39% year-on-year, indicating stable profit growth despite challenging external conditions [2][3]. - The non-performing loan ratio remained stable at 0.76%, with a provision coverage ratio of 375.92%, showcasing the bank's strong risk management capabilities [3]. Group 2: Technology Finance - Ningbo Bank has established a dedicated Technology Finance Department to provide comprehensive financial services for technology enterprises, focusing on their core needs across funding, technology, industry, and supply chains [4]. - The bank has successfully set up a 500 million yuan industrial fund in Jiaxing, enhancing project success rates to over 50% through a closed-loop system of fund investment and project implementation [5]. Group 3: Green Finance - By mid-2025, Ningbo Bank's green loan balance reached 68.814 billion yuan, an increase of 18.270 billion yuan from the beginning of the year, supporting the transition to a low-carbon economy [6]. - The bank issued five green bonds with a total amount of 7 billion yuan, and invested in 57 green bonds, holding a balance of 2.626 billion yuan [7]. Group 4: Inclusive Finance - In the first half of 2025, Ningbo Bank provided over 38 billion yuan in credit support to more than 20,000 small and micro enterprises, demonstrating its commitment to inclusive finance [8]. - The bank's "Bobo Zhila" platform offers comprehensive services, including carbon calculation and declaration, supporting enterprises in navigating development challenges [9]. Group 5: Pension Finance - Ningbo Bank's pension loan balance reached 790 million yuan by mid-2025, a significant increase of 273% from the beginning of the year, reflecting its focus on the aging population's financial needs [10]. - The bank has launched 170 personal pension products, catering to various age groups and risk preferences, enhancing wealth accumulation for residents [10]. Group 6: Digital Finance - Ningbo Bank has upgraded its digital product offerings, including the "Kunpeng Treasury" and "Financial Manager," to enhance service efficiency for enterprises [12]. - The bank has successfully facilitated equipment mortgage financing for manufacturing enterprises, alleviating financial pressures on small and medium-sized businesses [12][13].

Core Insights - The foreign trade economy plays a crucial role in connecting domestic and international dual circulation, driving economic growth and promoting industrial upgrades [1] - Financial institutions in Jiaxing are focusing on the pain points of foreign trade enterprises, such as cross-border financing, risk prevention, and market expansion, to provide innovative products and services [1][2] Cross-Border Financing - Jiaxing financial institutions are addressing the urgent cross-border financing needs of foreign trade enterprises as they expand overseas [2] - For instance, China Construction Bank's Pinghu branch provided 20 international letters of credit totaling $923.2 million to Zhejiang Jingxing Paper Industry, alleviating funding pressures for their Malaysian factory [2] - The Industrial and Commercial Bank of China designed a financing guarantee scheme for Treton Furniture Co., enabling them to secure a loan of 31.48 million yuan to support their operations in Vietnam [2] Precision Support for Enterprises - Financial support is critical for foreign trade enterprises, especially during periods of order surges and tariff fluctuations [4] - For example, a loan of 1 million yuan was approved for Haining Shitian Knitting Co. within two days to address their cash flow gap due to increased sock export orders [4] - Everbright Bank's Haining branch facilitated a seamless renewal of a 20 million yuan loan for Zhejiang Wanjie Textile New Materials Co., supporting their operational needs [4] Risk Prevention Innovations - Jiaxing financial institutions are utilizing foreign exchange derivatives and insurance collaborations to create tailored risk prevention solutions for enterprises [6] - Zhejiang Aino Textile Technology Co. received a combination loan of $185,000 and a foreign exchange swap to mitigate exchange rate risks, reducing their financing costs to 2.06% [6] - The Industrial and Commercial Bank of China introduced a low-cost option for foreign exchange transactions, helping companies stabilize profits amid currency fluctuations [7] Expanding International Reach - Jiaxing financial institutions are enhancing market access for foreign trade enterprises through platform building and technological empowerment [8] - The Cross-Border Trade Club platform by Bank of China has improved client acquisition efficiency for local businesses, allowing them to connect with global trade partners more effectively [8] - Ningbo Bank's "Export Extreme Loan" product has provided quick credit access for companies with significant export volumes, addressing their financing challenges [11] Future Directions - Jiaxing financial institutions plan to deepen cross-border financial innovations and optimize financing products to support the diverse needs of foreign trade enterprises [12] - The focus will be on stabilizing the scale, optimizing the structure, and enhancing the resilience of the foreign trade economy [12]

Core Insights - The share of inclusive finance business by large commercial banks continues to increase, while the market share of rural financial institutions is declining [1][2] - The transition of inclusive finance development in China is moving from "incremental expansion" to "high-quality development" [2][3] Summary by Sections Inclusive Finance Market Share - As of the end of Q2 2024, large commercial banks' inclusive micro-enterprise loans accounted for 45.11% of the total, while rural financial institutions' share dropped to 25.86% from 27.38% in Q1 2023 [1] - The average growth rate of inclusive micro-enterprise loans has been slowing down, with growth rates of 30.9%, 24.9%, 23.6%, 23.3%, and 14.7% from 2020 to 2024 respectively [1] Regulatory Changes - Recent regulatory documents emphasize the shift towards high-quality development, moving away from rigid quantity targets [2][3] - The 2023 and 2024 notifications from the financial regulatory authority focus on maintaining volume, stabilizing prices, and improving structure, with an added emphasis on quality in 2025 [2] Performance of Major Banks - Agricultural Bank of China leads in inclusive micro-enterprise loans with a balance of 3.82 trillion yuan, followed closely by China Construction Bank at 3.74 trillion yuan [4] - Agricultural Bank's loan balance growth rate is the highest among major banks at 18.50%, with other banks like Industrial and Commercial Bank of China and China Bank also showing strong growth [4][5] Client Base and Service Innovations - Agricultural Bank has the largest number of clients for inclusive micro-enterprise loans at 5.2084 million, reflecting a significant increase [5] - The bank is innovating its service offerings by leveraging AI technology and enhancing its online service platforms [6] Focus on Asset Quality - Many banks are prioritizing the improvement of asset quality for inclusive micro-loans, with specific strategies tailored to their client bases [8][9] - Agricultural Bank reported that its non-performing loan rates for inclusive loans are among the best in the industry, indicating effective risk management practices [11]

Core Viewpoint - In the first half of 2025, under the backdrop of China's economic recovery and deepening financial reforms, Ningbo Bank demonstrated resilience with a performance report characterized by "increased volume and stable quality" [1][3]. Financial Performance - As of June 2025, the total assets of Ningbo Bank exceeded 3.47 trillion yuan, reflecting a double-digit growth of 11.04% compared to the beginning of the year [3]. - The net profit attributable to shareholders reached 14.772 billion yuan, marking an 8.23% year-on-year increase, with profit growth outpacing revenue growth [1][4]. - The bank maintained a low non-performing loan ratio of 0.76% and a provision coverage ratio exceeding 370%, indicating strong asset quality [1][4]. Strategic Positioning - Ningbo Bank adopted a differentiated strategic approach by focusing on the Yangtze River Delta economic circle and establishing a "9+4" diversified profit center structure, which includes corporate banking, retail banking, wealth management, and consumer credit [1][5]. - The bank's risk management philosophy emphasizes that "operating a bank is managing risks," supported by a digital risk control system and intelligent early warning mechanisms [1][6]. Business Development - The bank's total deposits reached 2.08 trillion yuan, with a growth rate of 13.07%, significantly outpacing asset growth, indicating a solid core customer base and effective cost control [3]. - Loan and advance totals amounted to 1.673 trillion yuan, growing by 13.36%, reflecting a steady credit issuance pace without compromising risk preferences [3]. Profit Center Collaboration - The "9+4" profit center model enables the bank to leverage various business lines, including corporate banking, retail banking, wealth management, and consumer finance, to provide comprehensive solutions and maximize customer value [5][6]. - Subsidiaries such as Yongyin Fund and Ningyin Consumer Finance complement the main banking operations, enhancing overall business synergy and customer loyalty [5]. Technological and Risk Management - The bank's risk management integrates into all business processes, utilizing a digital risk control system for precise identification and real-time management of various risks [6]. - Technological advancements have transformed traditional support functions into core drivers of business model evolution, with investments in digital transformation and customer service enhancements [6]. Social Responsibility and Financial Inclusion - Ningbo Bank actively promotes five major financial initiatives, including technology finance, green finance, inclusive finance, pension finance, and digital finance, aligning national strategies with its development [2][7]. - The bank has established a green loan balance of 68.814 billion yuan, with significant support for clean energy and environmental projects [8]. - In the inclusive finance sector, the bank has introduced innovative credit products to address the financing challenges faced by small and micro enterprises, achieving a balance of 214.343 billion yuan in inclusive loans [9]. Future Outlook - With ongoing macroeconomic recovery and deepening financial reforms, Ningbo Bank is well-positioned to further unlock growth potential and create long-term value for customers, employees, shareholders, and society [12].

Core Viewpoint - Ningbo Bank has demonstrated strong performance in the first half of 2025, with significant growth in asset scale, profitability, and low non-performing loan rates, reflecting its effective operational strategies and risk management practices [1][5][8]. Financial Performance - As of June 30, 2025, Ningbo Bank's total assets reached 3.47 trillion yuan, an increase of 11.04% from the beginning of the year [2]. - The bank achieved a net profit attributable to shareholders of 14.772 billion yuan, representing a year-on-year growth of 8.23% [1][5]. - The non-performing loan ratio stood at 0.76%, maintaining a low level within the industry [1][8]. Growth in Key Areas - The bank's total deposits amounted to 2.08 trillion yuan, up 13.07% year-to-date, while total loans and advances reached 1.67 trillion yuan, increasing by 13.36% [2]. - Corporate loans totaled 998.204 billion yuan, with a significant increase of 21.34% from the start of the year [2]. Strategic Initiatives - Ningbo Bank has focused on supporting key sectors of the economy, implementing innovative financial products, and enhancing service models to drive high-quality economic development [2][3]. - The establishment of a dedicated technology finance department aims to provide comprehensive services to technology enterprises [2][3]. Sustainable Finance and Social Responsibility - The bank's green loan balance reached 68.814 billion yuan, with an increase of 18.270 billion yuan, and it has issued five green bonds totaling 7 billion yuan [3]. - The bank has also enhanced its support for the elderly economy, with pension loans growing by 273% to 790 million yuan [4]. Digital Transformation and Business Model Upgrade - Ningbo Bank has upgraded several digital products and systems to improve operational efficiency and user experience [6]. - The bank is advancing its business model towards specialization, digitization, platformization, and internationalization, which has led to a diversified profit structure [5][6]. Risk Management - The bank maintains a rigorous risk management framework, with a non-performing loan coverage ratio of 374.16% and a capital adequacy ratio of 15.21% [8]. - Continuous improvements in credit risk management and a focus on high-quality asset structures are part of the bank's strategy to mitigate risks [9].

Core Viewpoint - Ningbo Bank is leveraging its local financial strength to innovate cross-border financial services, supporting export-oriented enterprises and contributing to Ningbo's high-level openness [1] Group 1: Process Optimization - Cross-border settlement has been accelerated to "second-level" speed, with simplified client classification and approval processes, resulting in a 40% efficiency increase and saving 1-3 days in preparation time for businesses [2] Group 2: Currency Integration - Ningbo Bank has launched an all-currency, fully online cross-border fund pool service, enhancing global fund management for enterprises and improving fund turnover rates by 30% [3] Group 3: E-commerce Support - The bank has developed a "one-stop" service for cross-border e-commerce, integrating over 40 services including settlement, financing, and exchange rate management [4] - A "Cross-border E-commerce Financial Manager" service has been introduced to support the entire lifecycle of export e-commerce, reducing financial costs by 15% and significantly increasing efficiency [6] Group 4: Inclusive Finance - To address financing challenges for small and medium-sized enterprises, Ningbo Bank has introduced a fully online "Export Extreme Loan" product, which has reduced the average financing cycle by 70% and provided immediate funding for export businesses [7]