极目新闻通讯员 陈小微 邮储银行湖北省分行始终坚守"金融为民、服务实体"初心，秉持"应降尽免、应免尽免"原则，通过持续 落实支付手续费减免、推动融资成本下降等一系列措施，将政策红利精准直达小微企业、个体工商户及 广大民众，为经济社会高质量发展注入源源不断的金融暖流。 构建立体化降费体系，政策红利覆盖更广 信贷融资降成本，直达实体经济。紧跟贷款市场报价利率（LPR）变化，对普惠型小微企业贷款内部资 金转移定价（FTP）给予75BP的优惠。2025年以来，小企业贷款加权平均利率较上年下降超过50BP。 主动承担贷款办理中涉及的抵押评估费、登记费、公证费等费用，坚决杜绝各类"隐性收费""搭车收 费"行为，切实减轻企业融资负担。 在降费政策执行层面，该行在全面落实国家四部委相关要求及行业协会倡议基础上，积极拓宽降费受益 面，着力打造"对公对私全覆盖、线上线下同优惠"的立体化降费网络，核心举措主要聚焦三大领域。 支付通道让利，惠及千企万户。对小微企业和个体工商户，单笔10万元（含）以内的对公行内转账实行 免费；同金额对公跨行转账手续费享受九折优惠。询证函手续费实行五折优惠。全面取消支票、本票、 银行汇票的工本费、挂失费 ...

Core Points - The main objective of the initiative by China CITIC Bank Nanchang Hongcheng Branch is to reduce operational costs for businesses and support the development of the real economy through a "payment reduction and benefit the public" campaign [1][2] Group 1: Policy Implementation - The bank has integrated various fee reduction measures into a user-friendly promotional brochure and service price list, which includes the cancellation of check issuance fees, loss reporting fees, and the exemption of management fees for corporate settlement accounts [1] - The bank has reduced interbank transfer fees, annual fees for digital certificates, and card transaction fees, aiming to provide tangible financial benefits to small and micro enterprises, individual businesses, and the general public [1] Group 2: Public Awareness and Training - The Nanchang Hongcheng Branch actively engages with businesses and schools to promote the fee reduction policies, visiting local communities and individual merchants to enhance public awareness [1] - Regular training sessions are conducted for staff to ensure comprehensive knowledge of the fee reduction policies, enabling them to accurately address customer inquiries [1] Group 3: Monitoring and Feedback Mechanism - A closed-loop mechanism for "promotion-execution-supervision" has been established to ensure the effective implementation of the fee reduction policies, including public displays of fee reduction projects and standards at service points [1] - The bank has set up a suggestion book to accept consumer feedback and conducts regular internal training and self-checks to verify the accurate execution of fee reductions and timely refunds [1]

Group 1 - The article discusses the development of a unique bill system in revolutionary bases during the Anti-Japanese War, which provided financial support for material supply and economic stability under extreme conditions [1] - The war economy faced severe challenges due to Japanese economic blockades, leading to a need for reliable alternative payment tools as traditional financial systems collapsed [2] - The bill system became a key method to alleviate cash shortages and maintain economic operations, with various types of bills playing critical roles in trade, financial stability, and production support [3][4][5] Group 2 - The article highlights the importance of institutional innovation in the bill system, which aimed to break economic blockades and ensure the supply of essential goods while managing foreign exchange resources [6][7] - Historical experiences from the Anti-Japanese War indicate that financial innovation must be rooted in the real economy and serve the needs of the people [8] - The article emphasizes the need for a robust regulatory framework and credit mechanisms to support the healthy development of the bill market in the current economic context [10][11][12] Group 3 - The article suggests that the cultural aspect of bill usage, emphasizing integrity and trust, played a significant role in the economic development of revolutionary bases [13] - It calls for the promotion of bill culture and the establishment of a sound market ecology to enhance public awareness and acceptance of bills [13] - The article advocates for financial innovation that aligns with national development strategies, particularly in supporting small and medium-sized enterprises and enhancing consumption [14][15][16]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was just over $536 million, up 1.4% on a comparable adjusted basis year over year [9][18] - Comparable adjusted EBITDA for the quarter was just over $100 million, increasing nearly 3.5% from 2024 [10][19] - Comparable adjusted EPS finished at $0.75, reflecting just over 4% expansion versus the prior year [10][20] - Net debt levels decreased to $1.46 billion, down approximately $80 million from the previous year [28] Business Line Data and Key Metrics Changes - Payments and Data segments grew by a blended rate just above 8.5%, with the Data segment revenue growing 29% year over year [11][24] - Merchant Services revenue grew by 1.3% year over year to $97.8 million, with adjusted EBITDA remaining flat at $21.4 million [20] - B2B segment revenues increased by 1.2% to $70.2 million, with adjusted EBITDA dollars remaining flat at $13.3 million [22] - Print segment revenue declined by 4% year over year to $291.3 million, with legacy check revenues declining by 1.8% [26] Market Data and Key Metrics Changes - The revenue mix shifted towards payments and data offerings, with the ratio of print to payments and data segments changing from 57:43 to 54:46 year over year [11] - The company continues to monitor macroeconomic trends and consumer sentiment for potential impacts on revenue [6][32] Company Strategy and Development Direction - The company is focused on executing its North Star strategy, which emphasizes accelerating free cash flow and profit growth [5][14] - The management is maintaining overall guidance ranges for 2025 despite macroeconomic uncertainties [9][32] - New partnerships, such as with TownBank, are seen as opportunities to expand market reach and improve service delivery [38][66] Management's Comments on Operating Environment and Future Outlook - Management acknowledged extraordinary volatility and macroeconomic uncertainty but emphasized control over internal execution [5][6] - The company expects continued strong performance in the Data segment and is optimistic about future growth despite potential challenges in the Print segment [24][32] Other Important Information - The company reported a free cash flow of $24.3 million for the quarter, improving by $18.1 million from the previous year [29] - The Board approved a regular quarterly dividend of $0.30 per share, payable on June 2, 2025 [31] Q&A Session Summary Question: Insights on the Merchant Business - Management noted that the Merchant business continues to perform well across various market conditions, with strength in government and not-for-profit sectors [34][35] Question: Strategic Changes with New Leadership - Management expressed confidence in the new leadership and highlighted a focus on improving partnership relationships and expanding distribution channels [36][38] Question: Segment Modeling and Performance - Management indicated that the Data segment had a strong quarter but does not expect to maintain a 29% growth rate, projecting upper single digits to low double digits for the full year [44] Question: Impact of Government Check Phasing Out - Management clarified that the federal government is not a customer and does not expect significant impact from the phasing out of physical checks [54][56] Question: Observations on Tariffs and Spending - Management noted minimal evidence of consumer pull forward in spending related to tariffs, emphasizing that their revenue is transaction-based [58][59] Question: Potential Catalysts for Partnerships - Management highlighted the company's strong brand and relationships in the banking sector as key advantages for driving new partnerships [66][70]