金融界4月15日消息，A股三大指数收盘涨跌不一，上证380指数 (上证380，000009)下跌0.25%，报 5304.0点，成交额885.91亿元。 数据统计显示，上证380指数近一个月下跌6.15%，近三个月上涨1.25%，年至今下跌1.15%。 据了解，上证380指数以上证180指数样本空间剔除部分证券后的沪市证券为样本空间，从中根据证券营 业收入增长率、净资产收益率、成交金额和总市值的综合排名，并按照二级行业的自由流通市值比例分 配样本只数，在二级行业内选取综合排名最靠前的380只证券作为样本。该指数以2003年12月31日为基 日，以1000.0点为基点。 从指数持仓来看，上证380指数十大权重分别为：沪农商行（1.28%）、赤峰黄金（1.21%）、成都银行 （1.14%）、渝农商行（1.02%）、宇通客车（0.94%）、瑞芯微（0.87%）、亨通光电（0.8%）、中国 软件（0.78%）、生益科技（0.74%）、宏发股份（0.72%）。 从上证380指数持仓的市场板块来看，上海证券交易所占比100.00%。 从上证380指数持仓样本的行业来看，工业占比26.66%、信息技术占比14.56%、原材 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 重慶農村商業銀行股份有限公司Chongqing Rural Commercial Bank Co., Ltd.*（「本行」）董 事會（「董事會」）茲通告謹定於2025年4月25日（星期五）舉行董事會會議，以審議及通過 （其中包括）本行及其附屬公司截至2025年3月31日止三個月的未經審核季度業績。 代表董事會 重慶農村商業銀行股份有限公司* Chongqing Rural Commercial Bank Co., Ltd.* 執行董事兼行長 隋軍 中國•重慶，2025年4月11日 於本公告日期，本行執行董事為隋軍先生；本行非執行董事為胡淳女士、殷祥林先生及 彭玉龍先生；及本行獨立非執行董事為張橋雲先生、李明豪先生、李嘉明先生及畢茜女 士。 * 本行經中國銀行業監督管理機構批准持有B0335H250000001號金融許可證，並經重慶市市 場監督管理局核准領取統一社會信用代碼為915000006761297 ...

财报季，行业前排大哥的"成绩单"总是格外引人关注。近日，南都·湾财社通过头部公司财报透视中小 银行生态变化，继上期扫描头部城商行后，本期聚焦头部农商行。 三家万亿资产上市农商行中，重庆农商行、广州农商行已发布2024年财报。记者注意到，2021年，蔡建 上任广州农商行董事长后，该行正式宣誓成为国内"国内一流商业银行"。四年过去，广州农商行在2025 年工作会议中却直言"对标健康的银行资产负债表，仍存在资产规模保持稳定但配置失衡、核心负债总 体充裕但成本较高两方面不足"。广州农商行离"一流商业银行"究竟还有多远，与重庆农商上对比成色 如何？ 据wind数据，2024年末，广州农商行贷款及垫款总额超过重庆农商行，但在科技、普惠和绿色贷款余额 等核心数据上全面落后于重庆农商行，且人均创收仅约重庆农商行六成，人均创利仅约后者两成。2024 年，广州农商行股价已经连续3年下跌，较高点暴跌超70%，重庆农商行股价自2021年以来已经上涨 87.4%。2025年是广州农商行"十四五"规划收官之年，蔡建承诺的"国内一流商业银行"该如何兑现？ 乡村金融突出 科技、普惠、绿色贷款余额落后头部 2020年末，广州农商行总资产刚进入 ...

证券代码：601077 证券简称：渝农商行 公告编号：2025-014 二、经营业绩和财务状况情况说明 2025年一季度，本集团各项业务稳健开展，总体经营情况良好。 本集团实现营业收入72.24亿元，同比增加0.96亿元，增幅1.35%；利 润总额42.39亿元，同比增加4.49亿元，增幅11.85%；净利润38.17亿 元，同比增加1.55亿元，增幅4.24%；归属于本行股东的净利润37.45 亿元，同比增加2.21亿元，增幅6.27%。截至2025年3月31日，本集团 资产总额16,103.30亿元，较上年末增加953.88亿元，增幅6.30%；负 债总额14,749.64亿元，较上年末增加936.31亿元，增幅6.78%；不良 贷款率1.17%，较上年末下降0.01个百分点；拨备覆盖率363.30%，较 上年末基本持平。 重庆农村商业银行股份有限公司 2025年第一季度业绩快报公告 本行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。 本公告所载2025年第一季度主要财务数据为初步核算数据，未经 会计师事务所审计，具体数据以重庆 ...

Core Points - As of March 28, 2025, Chongqing Rural Commercial Bank (601077) closed at 6.02 CNY, a 2.91% increase from the previous week's 5.85 CNY [1] - The bank's market capitalization is currently 69.959 billion CNY, ranking 2nd out of 10 in the rural commercial bank sector and 197th out of 5140 in the A-share market [1] Company Announcements - As of March 31, 2025, there have been no changes in the registered and issued shares of Chongqing Rural Commercial Bank's H-shares and A-shares [1] - The registered share capital consists of 2,513,336,041 H-shares and 8,843,663,959 A-shares, with a par value of 1 CNY per share, totaling 11.357 billion CNY [1] - The number of issued shares remains unchanged, with 2,513,336,041 H-shares and 8,843,663,959 A-shares, and there are no treasury shares [1] - The report submitted to the Hong Kong Stock Exchange by the Executive Director and President, Sui Jun, emphasizes the need for specific records in the case of share buybacks or redemptions [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 FF301 截至月份: 2025年3月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 重慶農村商業銀行股份有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03618 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,513,336,041 | RMB | | 1 | RMB | | 2,513,336,041 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 2,513,336,041 | RMB | | 1 | RMB | | 2,513,336,041 | | 2. 股份分類 | 普通股 | ...

Investment Rating - The report assigns an "Buy" rating for the company, marking its first coverage [2][8]. Core Insights - The company achieved a revenue of 28.262 billion yuan in 2024, reflecting a year-on-year growth of 1.09%. The net profit attributable to shareholders reached 11.513 billion yuan, up 5.6% year-on-year, with an acceleration in growth compared to the previous quarters [5][8]. - The asset scale of the company expanded steadily, with total assets reaching 15,149.42 billion yuan, a 5.1% increase from the previous year. Customer deposits totaled 9,419.46 billion yuan, also up 5.1% year-on-year [5][8]. - Non-interest income showed significant growth, amounting to 5.767 billion yuan, a substantial increase of 29.23% year-on-year, contributing to 20.41% of total revenue, up 4.44 percentage points from the previous year [5][8]. Summary by Sections Recent Performance - The company outperformed the CSI 300 index with a 12-month return of 41.6%, compared to the index's 11.2% [4]. - The stock price as of March 28, 2025, was 6.02 yuan, with a 52-week price range of 4.43-6.20 yuan [4]. Financial Highlights - The company reported a net interest margin of 1.61%, down 12 basis points year-on-year, but stable quarter-on-quarter [5]. - The non-performing loan ratio stood at 1.18% at the end of 2024, with a provision coverage ratio of 363.44%, indicating stable asset quality [5]. Future Projections - Revenue forecasts for 2025-2027 are 28.671 billion yuan, 29.917 billion yuan, and 31.205 billion yuan, with growth rates of 1.45%, 4.34%, and 4.31% respectively. Net profit projections are 11.846 billion yuan, 12.311 billion yuan, and 12.771 billion yuan, with growth rates of 2.89%, 3.92%, and 3.74% respectively [7][8].

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company reported a revenue of 28.261 billion yuan for 2024, representing a year-on-year growth of 1.1%, with a net profit attributable to shareholders of 11.513 billion yuan, up 5.6% year-on-year [8][11] - The net interest margin pressure has weakened, and provisions have contributed positively to performance [8] - The company is expected to benefit from strong credit demand in the Chengdu-Chongqing economic circle, with a projected net profit growth of 4.2%, 5.2%, and 5.6% for 2025-2027 [8] Summary by Sections Revenue and Profitability - The company achieved a revenue of 28.261 billion yuan in 2024, with a quarterly revenue of 6.747 billion yuan in Q4 2024, reflecting an 11.4% year-on-year increase [11] - The net profit for 2024 was 11.513 billion yuan, with Q4 net profit reaching 1.205 billion yuan, a 27.2% increase year-on-year [11] Interest Margin and Cost Management - The net interest margin for 2024 was 1.61%, a decrease of 12 basis points year-on-year, but the decline has narrowed compared to the first half of 2024 [23] - The company has optimized its funding costs, with significant reductions in the costs of various deposit types [23] Asset Quality - The non-performing loan ratio stood at 1.18% at the end of 2024, showing stability with a slight year-on-year decrease [28] - The overdue loan ratio improved to 1.32%, indicating effective overdue management [28] Loan and Deposit Growth - Total loans and advances reached 714.3 billion yuan by the end of 2024, marking a year-on-year growth of 5.6% [15] - Total deposits amounted to 941.9 billion yuan, with personal deposits increasing by 8.2% year-on-year [21] Non-Interest Income - The company reported a net non-interest income of 41.55 billion yuan, a significant increase of 55.5% year-on-year, driven by favorable market conditions [26]

Core Viewpoint - The first annual report of a listed rural commercial bank in A-shares, Chongqing Rural Commercial Bank, shows a slight revenue growth of 1.09% despite a more than 4% decline in interest income, driven by a nearly 30% increase in non-interest income [1][2]. Financial Performance - In 2024, Chongqing Rural Commercial Bank achieved operating income of 28.262 billion yuan, a year-on-year increase of 1.09%, and a net profit attributable to shareholders of 11.5127 billion yuan, up 5.60% year-on-year, with basic earnings per share of 0.99 yuan [1][2]. - The bank's net interest income was 22.495 billion yuan, a decrease of 4.25% year-on-year, with a net interest margin of 1.61%, down 12 basis points [2][3]. - Non-interest income reached 5.767 billion yuan, a significant increase of 29.23%, accounting for 20.41% of total operating income, up 4.45 percentage points year-on-year [2][3]. Investment Performance - Investment income nearly doubled from 2.169 billion yuan in 2023 to 4.199 billion yuan in 2024, marking a growth of 93.56% [3]. - The bank's financial investments totaled 628 billion yuan, with bond investments amounting to 514.5 billion yuan, representing 81.93% of total financial investments [3]. Asset Quality - As of the end of 2024, the bank's non-performing loan ratio was 1.18%, a slight decrease of 0.01 percentage points year-on-year [3][4]. - The overdue loan ratio was 1.32%, down 0.10 percentage points from the previous year, indicating improved overdue management [3]. - However, the migration rate of special mention loans increased to 31.39%, up 4.79 percentage points year-on-year, suggesting potential future asset quality challenges [4]. Stock Performance and Dividend Policy - The bank's stock price increased by 57% in 2024 but remained below the per-share net asset value for 12 consecutive months [5]. - A valuation enhancement plan for 2025 was announced alongside the annual report, focusing on sustainable profit distribution and investor returns [5][6]. - The bank proposed a dividend of 3.046 yuan per 10 shares for 2024, which represents 30% of the annual net profit, although some investors expressed dissatisfaction with the reduced dividend compared to the mid-year payout [6].

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][27] Core Views - The company's revenue growth has turned positive, primarily driven by a significant increase in non-interest income, which rose by 55.6% [4][19] - The net profit for 2024 is projected to grow by 5.6% year-on-year, supported by improved net interest income and a stable asset quality [4][22] - The company is well-positioned to capitalize on the economic development in Chongqing, with a focus on infrastructure loans and a strong retail banking presence [25] Summary by Relevant Sections Financial Performance - The company's revenue for 2024 is expected to be 28,179 million yuan, reflecting a 1% year-on-year growth, while net profit is projected at 11,513 million yuan, a 5.6% increase [2][4] - The net interest income for Q4 2024 increased by 3.11% quarter-on-quarter, with a net interest margin improvement to 1.61% [12][22] Asset and Liability Management - The asset structure in Q4 2024 focused on adjustments, with a decrease in loan issuance of 1.1 billion yuan compared to the previous year [14][15] - Deposits grew by 2.06 billion yuan in Q4 2024, with a significant increase in demand deposits, which turned positive with a 2.1% year-on-year growth [18][15] Non-Interest Income - Non-interest income for 2024 is expected to grow by 28.9%, with other non-interest income contributing significantly to this growth [19][20] - The company experienced a decline in card fees, which fell by 47.2%, impacting overall fee income [19][20] Asset Quality - The overall asset quality remains stable, with a slight increase in the non-performing loan ratio to 1.18% in Q4 2024 [22][25] - The provision coverage ratio improved to 363.43%, indicating a robust buffer against potential loan losses [22][25] Investment Recommendations - The company is expected to maintain a high dividend yield, with a stable historical dividend policy, making it an attractive investment opportunity [25][27] - The projected price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are 5.64, 5.39, and 5.21 respectively, indicating potential for price appreciation [2][25]