为者常成，行者常至。但在利率下行、净息差收窄压力下，2024年银行业要平衡规模和效益面临考验。 日前，邮储银行在这样的环境中交出了一份"逆周期"答卷：2024年，该行资产规模突破17万亿元，营收同比增长1.83%，实现利润总额945.92亿元，同比 增长3.27%，净息差1.87%稳居行业前列。 这份成绩单背后，是邮储银行对"长期主义"的坚守——不盲目追求规模扩张，而是通过精细化管理实现"量价险"均衡优化。正如该行董事长郑国雨所 言："因势而变、顺势而行。" 净息差1.87%"稳"字诀： "量价险"均衡优化 商业银行的资产负债管理核心目标是在盈利性、安全性和流动性之间寻找平衡。 面对LPR（货币市场报价利率）、存量房贷利率下调，"报行合一"政策等因素叠加影响，2024年邮储银行不仅实现了营收、净利润"双增长"，更以1.87% 的净息差水平领跑，其秘诀在于"稳净息、提非息"的双轮驱动策略。 截至2024年年末，邮储银行资产总额突破17万亿元，达17.08万亿元，较2023年年末增长8.64%；其中客户贷款总额8.91万亿元，较2023年年末增长 9.38%。负债总额突破16万亿元，达16.05万亿元，较2023 ...

近期，上市公司财报相继披露，通过梳理六家国有银行的财务数据，不难发现，邮储银行的净息差明显 领先其他五家国有大行。这不禁显示出邮储银行在资金成本上具有一定优势。 邮储银行董事长郑国雨在2024年业绩发布会上表示，该行已形成资本损耗低，资金成本低，信用成本低 的"三低"优势，为其战略优化升级奠定了良好基础。而战略优化升级将主要体现在发挥好4万多个网点 扎根基层的触达优势，推动普惠金融与科技金融、绿色金融、养老金融充分融合，让金融服务惠及更多 客户，覆盖更广区域，支持更多金融需求。 虽然在商业银行净息差逐步收窄下，邮储银行资金成本优势日益凸显，但该行核心一级资本长期处于紧 平衡状态，对其更加多元的资产配置形成了一定制约。财报披露，截至2024年年末，邮储银行的核心一 级资本充足率为9.56%，较2023年年末提升了0.03个百分点，而与其他国有银行10%以上的该项指标数 据相比，仍有一定差距。 不过值得关注的是，邮储银行于3月30日发布了《向特定对象发行A股股票预案》的公告，《预案》显 示，邮储银行拟向财政部、中国移动集团和中国船舶集团发行该行A股股票，募集资金总额为1300亿 元，其中引入财政部战略投资1175 ...

证券代码：601658 证券简称：邮储银行 公告编号：临 2025-027 中国邮政储蓄银行股份有限公司 关于控股股东增持本行股份的公告 中国邮政储蓄银行股份有限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： 2025 年 4 月 8 日，中国邮政储蓄银行股份有限公司（以下简 称本行）控股股东中国邮政集团有限公司（以下简称邮政集团）通过 上海证券交易所系统以集中竞价方式增持本行 19,910,200 股 A 股股 份，占本行已发行普通股总股份的 0.02%（以下简称本次增持）。 邮政集团后续拟通过上海证券交易所系统以集中竞价等合法 合规方式继续增持本行 A 股股份（以下简称本次增持计划）。 本次增持计划的实施期限为自本公告披露之日起 12 个月内。 本次增持计划可能存在因资本市场情况发生变化或目前尚无 法预判的其他风险因素，导致增持计划延迟实施或无法完成实施的 风险。 一、增持主体的基本情况 （一）增持主体名称、与本行的关系 本次增持主体邮政集团为本行控股股东、实际控制人。 1 （二）增持主体已持有股份的数量、 ...

Core Viewpoint - The Postal Savings Bank of China Sichuan Branch is actively enhancing its financial services across various sectors, including private economy, rural revitalization, and consumer promotion, to support local economic development and fulfill its mission as a state-owned bank [2][3][5]. Financial Support for Private Economy - The bank has increased its financial support for private enterprises, with a focus on tailored financial solutions to meet specific business needs, such as the "Zhuangda Loan" which helped a technology company save nearly 1 million yuan in financing costs [5][6]. - In the first two months of the year, the bank issued loans totaling 1.145 billion yuan to 1,175 private enterprises, with a loan balance of 4.943 billion yuan, accounting for 58.30% of total loans [6]. Support for Agricultural Development - The bank has provided significant financial support for agricultural production, with 190 million yuan in credit funds allocated to help establish high-standard farmland in Quxian County [7][8]. - The bank's agricultural loans increased by 16.9 billion yuan in 2024, exceeding regulatory targets, with a 26.65% increase in loans in key rural revitalization areas [8]. Promotion of Consumer Spending - The bank has actively supported consumer spending by issuing 3.2 billion yuan in personal consumption loans in 2024, including 1.57 billion yuan for non-housing consumption [9]. - Various promotional activities have been launched, such as discounts for credit card users, to stimulate local consumption and enhance financial literacy among consumers [9][10]. Innovation in Financial Products - The bank has developed innovative financial products, such as online mortgage loans and intellectual property pledge loans, to support technology-driven enterprises and facilitate their growth [3][4]. - The bank's technology finance loan balance reached 19.947 billion yuan, with a net increase of 6.327 billion yuan, reflecting a growth rate of 46.46% [3]. Commitment to Elderly Financial Services - The bank has implemented specialized services for elderly clients, including dedicated service windows and priority services for vulnerable groups, contributing to the "financial aging" reform [4]. - The bank has focused on pension planning and support for the elderly care industry, creating a comprehensive financial service model for different age groups [4]. Overall Mission and Future Outlook - The Postal Savings Bank of China Sichuan Branch aims to continuously optimize its financial services and innovate its product offerings to contribute to high-quality local economic development and the modernization of Sichuan [10].

Group 1 - Nanchang Tongwei Biotechnology Co., Ltd. hosted the "Tongwei Good Products Year" event in Yugan County, Jiangxi Province, with Postal Savings Bank of China Yugan County Branch as the exclusive partner bank [1][2] - Over 100 local fish farming operators participated in the event, discussing new opportunities for fishery development and industry upgrades [1] - A fish farmer, Yuan Xiaofei, successfully obtained a 1 million yuan industry loan from Postal Savings Bank during the event, highlighting the bank's quick service and support for local businesses [1][2] Group 2 - Nanchang Tongwei is actively implementing the strategic layout of its parent company, Tongwei Group, and has established deep cooperation with Postal Savings Bank to provide nearly 20 million yuan in loans to about 50 downstream aquaculture households in 2024 [2] - The event signifies a new chapter in the collaboration between Nanchang Tongwei and Postal Savings Bank, aiming to enhance service to the local economy and support the agricultural sector [2] - Both parties plan to explore diverse and innovative cooperation models to empower the fishery and related industries in Yugan County, contributing to local economic prosperity [2]

Core Insights - The article highlights the significant role of Postal Savings Bank in supporting local agriculture, particularly in the strawberry farming sector, showcasing a successful case of financial assistance leading to economic growth [1][2]. Group 1: Company Support - The Postal Savings Bank provided a tailored loan of 200,000 yuan to a local strawberry farmer, which was crucial for the establishment and operation of the strawberry farm [1]. - The bank's support allowed the farmer to overcome initial funding challenges, leading to a successful strawberry harvest with yields of 2,500 to 3,000 jin per mu, translating to a net profit of approximately 15,000 yuan per mu after costs [2]. Group 2: Agricultural Development - The farmer expanded his strawberry cultivation area by 150 mu this year, introducing multiple high-quality strawberry varieties and diversifying product offerings [2]. - The bank has a total agricultural loan balance of 350 million yuan, supporting various agricultural sectors including vegetables, flowers, and livestock, thereby injecting financial vitality into the local rural economy [2].

Group 1 - The new chairman of Postal Savings Bank, Zheng Guoyu, has been appointed after a vacancy of nearly three years, with expectations for changes in the bank's operations and strategy [1] - Zheng Guoyu's qualifications were approved in February 2025, and he previously held positions in major banks such as Bank of China and Industrial and Commercial Bank of China [1] - Postal Savings Bank's core tier 1 capital ratio is currently at 9.56%, and the bank is set to receive a capital injection of 130 billion yuan from the government, which is expected to improve this ratio by 1.5 percentage points [2][3] Group 2 - In 2024, Postal Savings Bank reported a revenue of 348.78 billion yuan, a year-on-year increase of 1.83%, and a net profit of 86.48 billion yuan, up 0.24% [4] - The bank's net interest margin for 2024 was 1.87%, a decrease of 0.14 percentage points from the previous year, but still remains relatively high within the industry [6] - The bank's personal banking business revenue proportion has declined to 69.57% in 2024 from 72.95% in 2023, indicating a shift in revenue sources [8] Group 3 - The bank's non-performing loan (NPL) ratio increased to 0.90% in 2024, with a total NPL balance of 80.32 billion yuan, of which personal small loans accounted for over 40% [9][10] - The interest income from customer loans reached 324.72 billion yuan in 2024, with personal loan interest income decreasing by 3.39% due to factors such as LPR and lower mortgage rates [11] - The bank plans to distribute a cash dividend of 1.14 yuan per 10 shares, totaling 11.29 billion yuan, as part of its valuation enhancement plan [13][14] Group 4 - Postal Savings Bank's operational costs have been tightly controlled, with total business and management expenses increasing by only 0.91% to 224.04 billion yuan in 2024 [15][16] - The bank's employee count increased to 197,600, with an average salary of 331,200 yuan, reflecting a decrease of 7.28% year-on-year [16]

Core Viewpoint - Postal Savings Bank of China plans to issue A-shares to specific investors, raising 130 billion yuan to enhance core tier one capital and support future business development [1][2][3] Company Announcements - The bank's stock closed at 5.2 yuan, down 2.44% from the previous week, with a total market capitalization of 517.62 billion yuan, ranking 6th among state-owned banks [1] - The issuance will involve 20,569,620,252 shares at a price of 6.32 yuan per share, with a lock-up period of five years [1][2] - The bank has outlined a shareholder return plan for the next three years, committing to cash dividends of no less than 10% of net profit [1][4] - An investor briefing is scheduled for March 31, 2025, to engage with investors and address their concerns [1][4] Shareholding Changes - Following the issuance, the Ministry of Finance's stake will increase to 15.54%, with a subscription amount of approximately 11.76 billion yuan [2] - The Postal Group's shareholding will decrease from 62.78% to 52.00% post-issuance [3]

Core Viewpoint - Postal Savings Bank of China (PSBC) is set to enhance its core Tier 1 capital adequacy ratio by 1.5 percentage points through a planned private placement, which will occur after the annual dividend distribution for 2024, ensuring no impact on current shareholders' dividends [1][5]. Group 1: Capital Increase and Shareholder Impact - The Ministry of Finance will lead a capital increase for four major state-owned banks, including PSBC, through a special bond issuance totaling 500 billion yuan, with PSBC receiving approximately 117.58 billion yuan [2][3]. - Major shareholders, including China Mobile and China Shipbuilding Group, have committed to significant cash subscriptions of 78.54 billion yuan and 45.66 billion yuan respectively, reflecting confidence in PSBC's investment value [4]. - The capital increase is part of a broader policy initiative aimed at strengthening the capital base of state-owned banks, enhancing their lending capacity to support the real economy [4]. Group 2: Pricing Mechanism and Market Confidence - PSBC will utilize a "locked price and premium issuance" mechanism for the private placement, which aligns with regulatory requirements and offers a premium over the average trading price of the previous 20 trading days [5]. - The issuance will not affect the 2024 dividend for existing shareholders, thereby maximizing benefits for both new and old shareholders and enhancing market confidence [5]. Group 3: Financial Projections and Growth Potential - Although the capital increase may lead to a short-term dilution effect estimated at around 6%, PSBC anticipates that the increase in capital and optimization of agency fees will create new growth opportunities [6]. - The bank plans to issue shares in the A-share market, taking advantage of the higher A-share price compared to H-share, which demonstrates a commitment to protecting the interests of shareholders across both markets [6]. - With the expected influx of funds, PSBC aims to improve its profitability and core competitiveness, ultimately enhancing its net asset value and asset scale [6].

Core Viewpoint - The transformation of the economy and the arrival of a low-interest-rate era have significantly altered the development model and operational strategies of the banking industry, with China Postal Savings Bank (PSBC) exemplifying how to embrace these changes effectively [1] Financial Performance - As of the end of 2024, PSBC's total assets, loan amounts, and deposits reached CNY 17.08 trillion, CNY 8.91 trillion, and CNY 15.29 trillion respectively, representing growth of 1.3 times, 2.6 times, and 1.4 times since its listing [2] - Operating income and net profit attributable to shareholders for 2024 were CNY 348.77 billion and CNY 86.48 billion, showing increases of 1.6 times and 1.7 times since listing [2] - The bank maintained a non-performing loan ratio below 1%, positioning it favorably among listed banks [2] Business Strategy - PSBC has focused on deepening its core responsibilities, particularly in serving rural and small to medium-sized enterprises, with a network of nearly 40,000 outlets covering 99% of counties [4] - The bank's agricultural loan balance was CNY 2.29 trillion, and loans to small and micro enterprises reached CNY 1.63 trillion, both leading among state-owned banks [4] Risk Management - The bank's customer base is diversified, reducing risk exposure, particularly in rural areas less affected by macroeconomic cycles [5] - The stability of deposits from rural and county customers provides a low-cost funding source, with a deposit interest rate of 1.44% as of 2024 [6] Technological Innovation - PSBC has increased its investment in technology, with CNY 12.296 billion allocated in 2024, a 9.03% increase year-on-year, representing 3.53% of its operating income [8] - The bank has developed a "Look to the Future" evaluation model for technology companies, allowing for tailored financial support based on innovation potential rather than traditional collateral [9][10] Strategic Initiatives - The bank announced a capital increase of CNY 130 billion, with the Ministry of Finance becoming a significant shareholder, expected to enhance its core tier one capital adequacy ratio by 1.5 percentage points [7] - PSBC is implementing five major actions to ensure strategic goals are met, including enhancing service capabilities and digital transformation [11]