证券代码：600919 证券简称：江苏银行 公告编号：2025-006 优先股代码：360026 优先股简称：苏银优 1 江苏银行股份有限公司董事会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带责任。 江苏银行股份有限公司（以下简称"公司"）第六届董事会第十 六次会议通知于 2025 年 3 月 4 日以电子邮件方式发出，会议于 2025 年 3 月 14 日以书面传签方式召开。本次会议应参与表决董事 15 名， 实际参与表决董事 15 名。会议符合《公司法》等法律法规及公司章 程的有关规定，表决所形成的决议合法、有效。 会议审议通过以下议案： 一、关于江苏银行股份有限公司 2024 年度主要股东履职履约情 况报告的议案 表决结果：同意 15 票，反对 0 票，弃权 0 票。 二、关于江苏银行股份有限公司 2024 年度主要股东资本补充能 力情况报告的议案 表决结果：同意 15 票，反对 0 票，弃权 0 票。 三、关于江苏银行股份有限公司 2024 年度大股东评估情况报告 的议案 四、关于江苏银行股份有限公司 2 ...

证券时报网讯，江苏省委组织部发布干部任前公示显示，现任江苏银行副行长、党委委员周爱国拟任省 委管理领导班子企业正职。 据了解，周爱国现年53岁，曾长期供职于建设银行江苏省分行，后出任江苏银行业务总监兼公司业务部 总经理、绿色金融部总经理，2023年3月获聘为江苏银行副行长。 ...

Core Viewpoint - Jiangsu Bank has successfully launched the first offline "one-time handling" service for the housing provident fund combination loan in Xuzhou, enhancing customer experience and streamlining the loan process [1][3]. Group 1: Loan Product Innovation - The combination loan product, which integrates housing provident fund loans and commercial personal housing loans, has gained popularity among homebuyers [1][3]. - Jiangsu Bank's "e-mortgage" product facilitates a collaborative pilot with the Xuzhou Housing Provident Fund Management Center, significantly simplifying the loan process [1][3]. Group 2: Efficiency and Customer Experience - The entire loan application to disbursement process now takes only half a day, greatly improving customer service efficiency and reducing the need for customers to visit the bank [1][3]. - The initiative aligns with national policies aimed at enhancing service efficiency and improving public satisfaction [1][3]. Group 3: Comprehensive Financial Services - Jiangsu Bank is committed to providing a one-stop personal credit service, offering a range of products including consumer loans, business loans, and credit cards [2][4]. - The bank has launched a promotional campaign titled "Beautiful Main Stage Starts with You," providing various benefits to customers [2][4]. Group 4: Commitment to Community Needs - Jiangsu Bank aims to address the urgent needs of the public by continuously exploring innovative service models and optimizing service processes [2][4]. - The bank's leadership emphasizes enhancing the core competitiveness of personal credit products and services to improve the quality of life for the community [2][4].

Investment Rating - The investment rating for the company is "Buy" and is maintained [5]. Core Insights - The company reported an annual revenue growth of 8.8% for 2024, with a significant quarterly growth of 18.5% in Q4. The net profit attributable to shareholders increased by 10.8% year-on-year, with a quarterly growth of 16.5% in Q4. The high growth in Q4 is attributed to a low base in Q4 2023 and expected gains from bond market investment income, alongside an anticipated narrowing of net interest margin decline and improved deposit costs [3][4][8]. - The year-end non-performing loan ratio remained stable at 0.89%, while the provision coverage ratio decreased by 1 percentage point to 350%. The non-performing loan net generation rate is expected to remain relatively stable in Q4 [3][4][8]. Summary by Sections Performance - The company's revenue accelerated in 2024, with a notable Q4 revenue growth of 18.5%. The annual revenue growth was supported by a low base effect and increased investment income from the bond market. The net profit growth remained stable compared to the previous quarter, with a significant increase in other comprehensive income [8][22]. Scale - Total assets grew by 16.1% year-on-year, with loans increasing by 10.7% and deposits by 12.8% compared to the beginning of the year. The retail loan demand is expected to remain weak, leading to tightened risk controls on consumer and business loans [8][22]. Interest Margin - The net interest margin is expected to narrow in Q4, with a significant improvement in funding costs. The estimated net interest margin for the first three quarters decreased by 2 basis points to 1.74%, while funding costs improved due to declining deposit costs [8][22]. Asset Quality - The asset quality is expected to remain stable, with the non-performing loan generation rate anticipated to stabilize in Q4. The retail loan non-performing rate increased slightly, but the overall asset quality for corporate loans is expected to remain strong [8][22]. Investment Recommendation - The company is expected to maintain stable growth in 2025, with a clear strategic plan focusing on developed economic regions. The current valuation is at 0.69 times the 2025 price-to-book ratio, indicating undervaluation, with a projected dividend yield of 5.6%, the highest among leading city commercial banks [8][22].

Investment Rating - The investment rating for Jiangsu Bank is "Buy" and is maintained [8] Core Views - Jiangsu Bank's 2024 revenue and profit growth rates have rebounded compared to the first three quarters, outperforming expectations [2][4] - The bank's net profit attributable to shareholders is expected to grow by 10.8% year-on-year in 2024, with revenue growth projected at 8.8% [3][4] - The bank's asset quality remains stable, with a non-performing loan ratio of 0.89% at the end of 2024, unchanged from the previous quarter [5] Summary by Sections Performance Overview - Jiangsu Bank's net profit attributable to shareholders for 2024 is projected to increase by 10.8%, an improvement of 0.7 percentage points from the previous three quarters [3] - Revenue is expected to grow by 8.8%, with an increase of 2.6 percentage points compared to the previous three quarters [3][4] Growth Drivers - The growth in net interest income and non-interest income is expected to drive the overall performance, aided by a favorable base effect and improved interest costs [4] - The bank is anticipated to maintain strong loan growth due to resilient credit demand in Jiangsu province [4][5] Asset Quality - The non-performing loan ratio is stable at 0.89%, and the provision coverage ratio is at 350%, down by 1 percentage point from the previous quarter [5] Financial Forecasts - Jiangsu Bank's net profit is forecasted to grow by 10.8% in 2024, followed by 8.1% in 2025 and 8.2% in 2026 [6] - The bank's book value per share (BPS) is projected to be 12.48, 14.05, and 15.44 for 2024, 2025, and 2026 respectively [6] Valuation - The current price corresponds to a price-to-book (PB) ratio of 0.77 for 2024, with a target price set at 14.05 per share, indicating a potential upside of 47% [6]

Investment Rating - The report maintains a "Buy" rating for Jiangsu Bank [1] Core Views - Jiangsu Bank's revenue and profit have accelerated, with a reported revenue of 80.8 billion yuan for 2024, representing an 8.8% year-on-year increase, and a net profit attributable to shareholders of 31.8 billion yuan, up 10.8% year-on-year [4][6] - The bank's asset quality remains stable, with a non-performing loan (NPL) ratio holding steady at 0.89% in Q4 2024, and a provision coverage ratio of 350% [6][7] - The report highlights a focus on optimizing loan structures and improving cost efficiency, with a projected loan growth of 10.7% for 2024 [6][7] Financial Data and Profit Forecast - Revenue and profit forecasts for Jiangsu Bank are as follows: - Total revenue for 2024 is estimated at 80.8 billion yuan, with a growth rate of 8.8% - Net profit for 2024 is projected at 31.8 billion yuan, with a growth rate of 10.8% - The bank's earnings per share (EPS) is expected to be 1.65 yuan in 2024, increasing to 1.77 yuan in 2025 and 1.91 yuan in 2026 [5][9] - The report anticipates a gradual increase in total loans, reaching approximately 2.1 trillion yuan in 2024, with a continued upward trend in deposits [9][11] Market Data - As of January 23, 2025, Jiangsu Bank's closing price is 9.59 yuan, with a market capitalization of approximately 175.99 billion yuan [1] - The bank's price-to-earnings (P/E) ratio is projected at 5.81 for 2024, and the price-to-book (P/B) ratio is expected to be 0.75 [11]

Financial Performance - Total operating income for 2024 reached RMB 808.15 billion, an increase of 8.78% compared to RMB 742.93 billion in the previous year[3] - Net profit attributable to shareholders of the listed company was RMB 318.43 billion, reflecting a year-on-year growth of 10.76% from RMB 287.50 billion[3] - Basic earnings per share were RMB 1.65, a decrease of 2.37% from RMB 1.69 in the previous year[3] - The weighted average return on equity was 13.59%, down 0.93 percentage points from 14.52% in the previous year[3] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 39,518.14 billion, representing a 16.12% increase from RMB 34,033.62 billion at the beginning of the period[3] - The balance of various deposits was RMB 21,158.51 billion, up 12.83% from the previous year[5] - The balance of various loans reached RMB 20,952.03 billion, marking a 10.67% increase year-on-year[5] Loan Quality - The non-performing loan ratio remained stable at 0.89%[5] - The provision coverage ratio decreased to 350.10%, down 39.43 percentage points from the previous year[4] Shareholder Equity - Total equity attributable to shareholders of the listed company increased by 21.15% to RMB 3,033.62 billion from RMB 2,504.10 billion[3]

证券代码：600919 证券简称：江苏银行 公告编号：2025-004 优先股代码：360026 优先股简称：苏银优 1 江苏银行股份有限公司董事会决议公告 本议案已经公司独立董事专门会议、董事会关联交易控制委员会 审议通过。 二、关于江苏银行股份有限公司与苏银凯基消费金融有限公司关 联交易的议案 表决结果：同意 15 票，反对 0 票，弃权 0 票。 本议案已经公司独立董事专门会议、董事会关联交易控制委员会 审议通过。 - 1 - 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带责任。 江苏银行股份有限公司（以下简称"公司"）第六届董事会第十 五次会议通知于 2025 年 1 月 16 日以电子邮件方式发出，会议于 2025 年 1 月 21 日以书面传签方式召开。本次会议应参与表决董事 15 名， 实际参与表决董事 15 名。会议符合《公司法》等法律法规及公司章 程的有关规定，表决所形成的决议合法、有效。 会议审议通过以下议案： 一、关于江苏银行股份有限公司与华泰证券股份有限公司关联交 易的议案 关联董事胡军、姜健、于兰英 ...

证券代码：600919 证券简称：江苏银行 公告编号：2025-003 优先股代码：360026 优先股简称：苏银优 1 江苏银行股份有限公司 2025 年第一次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 （一）股东大会召开的时间：2025 年 1 月 15 日 （二）股东大会召开的地点：南京市玄武区紫金山路 5 号南京东 郊国宾馆紫熙楼二楼朝阳厅 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持 有股份情况： | 1、出席会议的股东和代理人人数 | 1,926 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 9,335,719,775 | | 3、出席会议的股东所持有表决权股份数占公司有 | | | 表决权股份总数的比例（%） | 50.8721 | （四）表决方式是否符合《公司法》及《公司章程》的规定，大 会主持情况等。 本次股东大会由本公司董事会召集，葛仁余先生主持会议，会议 采 ...

江苏世纪同仁律师事务所关于 江苏银行股份有限公司 2025年第一次临时 股东大会的法律意见书 致:江苏银行股份有限公司 根据《公司法》等法律、行政法规和规范性文件以及公司《章程》的规定, 本所受公司董事会的委托,指派本所律师出席公司 2025年第一次临时股东大会, 并就本次股东大会的召集、召开程序、出席会议人员资格、表决程序以及表决结 果的合法有效性等事项出具法律意见。 为出具本法律意见书,本所律师对本次股东大会所涉及的有关事项进行了审 查,查阅了相关会议文件,并对有关问题进行了必要的核查和验证。 本所律师根据相关法律、行政法规和规范性文件的要求,按照律师行业公认 的业务标准、道德规范和勤勉尽责精神,出具法律意见如下: 一、关于本次股东大会的召集、召开程序 1. 本次股东大会由公司董事会召集。 公司已分别于 2024年 12月 27 目、2025 年 1 月 8 日在上海证券交易所网站 (http://www.sse.com.cn)和《中国证券报》《上海证券报》《证券时报》 上刊登了《江苏银行股份有限公司关于召开 2025 年第一次临时股东大会的通知》 以及《江苏银行关于 2025年第一次临时股东大会会议地址 ...