中国光大银行股份有限公司（简称本行）于近日收到《国家金融 监督管理总局关于张铭文光大银行董事任职资格的批复》（金复〔2024〕 692 号），国家金融监督管理总局已于 2024 年 10 月 28 日核准张铭文 先生本行董事的任职资格。 张铭文先生简要情况详见本行于 2024 年 7 月 12 日刊登在上海证 券交易所网站（www.sse.com.cn）及本行网站（www.cebbank.com） 的《中国光大银行股份有限公司 2024 年第二次临时股东大会会议文 件》。 特此公告。 中国光大银行股份有限公司董事会 股票代码：601818 股票简称：光大银行 公告编号：临 2024-065 中国光大银行股份有限公司 关于董事任职资格核准的公告 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。 2024 年 11 月 4 日 ...

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company has shown stable growth in performance, with a slight increase in net profit despite a decline in revenue [1][2] - Asset quality remains robust, with a non-performing loan ratio of 1.25% and a provision coverage ratio of 171% [3] - Short-term revenue pressures are noted due to declining interest margins and poor performance in fee-based income, but long-term prospects are optimistic due to expected recovery in retail demand and wealth management [4] Financial Performance - For the first three quarters of 2024, the company reported revenue of 102.4 billion yuan, a year-on-year decrease of 8.8%, while net profit attributable to shareholders was 38.4 billion yuan, an increase of 1.9% [1][2] - Net interest income decreased by 11.0% year-on-year, but the decline rate has narrowed, indicating improved cost control and deposit structure optimization [2] - Fee and commission income saw a significant decline of 20.6% year-on-year, primarily due to reduced credit card transaction volumes [2] Asset Quality - As of the end of Q3 2024, the non-performing loan balance decreased by 250 million yuan, maintaining a stable non-performing loan ratio [3] - The company recognized credit impairment losses of 24.6 billion yuan in the first three quarters, which is 10.9 billion yuan less than the previous year [3] Asset and Liability Management - Total assets reached 6.9 trillion yuan, with total loans at 3.9 trillion yuan, reflecting a year-on-year growth of 0.7% and 3.6% respectively [4] - Total deposits increased significantly by 101.6 billion yuan in Q3 2024, despite a year-on-year decline of 1.6% [4]

Investment Rating - The investment rating for the company is "Neutral" [2][6]. Core Views - The company's net profit attributable to shareholders for the first three quarters of 2024 was CNY 38.4 billion, representing a year-on-year growth of 1.9%, indicating stable growth despite a decline in operating income [1]. - The total assets of the company grew by 0.7% year-on-year to CNY 6.9 trillion, reflecting a cautious expansion strategy [1]. - The net interest margin for the first three quarters of 2024 was 1.47%, down 25 basis points year-on-year, primarily due to a decrease in LPR and weak credit demand [1]. - Non-interest income showed a significant increase of 26.8% year-on-year, reaching CNY 14.6 billion, driven by higher investment income and fair value changes [1]. - The company maintained a stable non-performing loan ratio of 1.25% as of the end of the third quarter, with a provision coverage ratio of 171%, down 10 percentage points from the end of the previous year [1]. Summary by Relevant Sections Financial Performance - The company achieved operating income of CNY 102.4 billion in the first three quarters of 2024, a decrease of 8.8% year-on-year, with net interest income at CNY 72.6 billion, down 11.0% [1][3]. - The weighted average ROE for the first three quarters was 9.7%, a decline of 0.6 percentage points year-on-year [1]. Asset Quality - The non-performing loan balance increased by CNY 1 billion to CNY 48.5 billion by the end of the third quarter, with the non-performing loan ratio stable at 1.25% [1][4]. Profitability Forecast - The company is expected to achieve net profits of CNY 40.9 billion, CNY 41.4 billion, and CNY 42.6 billion for 2024, 2025, and 2026 respectively, with growth rates of 0.3%, 1.1%, and 2.9% [1][3].

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [1] Core Views - The company's revenue decline has stabilized, and profit continues to grow steadily. For the first three quarters of 2024, the company achieved revenue of 102.4 billion yuan (YoY -8.76%), with net profit attributable to shareholders of 38.4 billion yuan (YoY +1.92%) [3] - The bank's asset quality remains robust, with a non-performing loan ratio steady at 1.25% and a provision coverage ratio of 170.73% [5] - The bank's capital structure is optimized, and its asset quality is stable, supporting its strategic transformation and business expansion [3][5] Summary by Sections Financial Performance - In Q3 2024, the bank's net interest income was 24.5 billion yuan (YoY -8.84%), while non-interest income was 8.1 billion yuan (YoY -8.41%). The decline in net interest income has narrowed compared to Q2 [3] - The bank's total assets at the end of Q3 2024 reached 38,972 billion yuan, reflecting a growth of 2.91% since the beginning of the year [4] Asset Quality - The non-performing loan ratio remained stable at 1.25%, and the provision coverage ratio slightly decreased but remains at a relatively sufficient level [5] - The bank's credit impairment losses for Q3 were 4.345 billion yuan (YoY -51.26%), which continues to support profit [5] Future Outlook - The bank is expected to maintain a steady growth trajectory, with projected net profits for 2024-2026 of 41.9 billion, 44.2 billion, and 46.4 billion yuan, respectively, indicating YoY growth of 2.8%, 5.5%, and 4.9% [3] - The current stock price corresponds to a price-to-book ratio (PB) of 0.3 for 2024-2026, suggesting potential for appreciation [3]

Investment Rating - The report assigns a 2024E P/B of 0.4x and a 2024E P/E of 5.0x for the company, with a TTM dividend yield of 5.1% [1][5]. Core Insights - The company reported a revenue decline of 8.7% YoY in Q3 2024, with profit before provision down 11.7% YoY, while net profit attributable to the parent increased by 2.3% YoY [1][5]. - For the first three quarters of 2024, revenue decreased by 8.8% YoY, profit before provision fell by 10.9% YoY, and net profit attributable to the parent rose by 1.9% YoY [1][5]. - The annualized ROE for the first three quarters of 2024 decreased by 0.57 percentage points to 9.66%, while the CET1 capital ratio increased by 0.56 percentage points to 9.67% YoY [1][5]. Summary by Sections Revenue and Profitability - Q3 2024 net interest income decreased by 11.0% YoY, with a slight improvement from Q2 2024's decline of 12.1% [2]. - The estimated net interest margin for Q3 2024 was 1.49%, up 4 basis points QoQ, while the yield on interest-bearing assets decreased by 5 basis points to 3.54% [2]. - The cost of interest-bearing liabilities decreased by 9 basis points to 2.18% [2]. Loan and Deposit Growth - Loan growth compared to the end of 2023 was 2.91%, which is lower than the 5.29% growth rate from the same period last year [2]. - Deposits decreased by 1.79% compared to the end of 2023, contrasting with a 4.29% growth rate from the previous year [2]. Asset Quality - The non-performing loan (NPL) ratio remained stable at 1.25%, while the provision coverage ratio decreased to 170.73%, down 1.72 percentage points [3]. - Net fee and commission income for the first three quarters of 2024 fell by 20.6% YoY, with fee income down 19.2% and fee expenses down 7.7% [3]. Cost Management - The cost-to-income ratio for the first three quarters of 2024 was 27.6%, an increase of 1.4 percentage points YoY [3].

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [1] Core Views - The revenue decline has stabilized, and profit continues to grow steadily. For the first three quarters of 2024, the company achieved revenue of 102.4 billion yuan (YoY -8.76%), with net profit attributable to shareholders of 38.4 billion yuan (YoY +1.92%) [3][4] - The asset quality remains robust, with a non-performing loan ratio holding steady at 1.25% and a provision coverage ratio of 170.73% [5][6] - The company is expected to maintain a stable profit growth trajectory, with projected net profits of 41.9 billion yuan, 44.2 billion yuan, and 46.4 billion yuan for 2024, 2025, and 2026 respectively [3][6] Summary by Sections Financial Performance - In Q3 2024, net interest income was 24.5 billion yuan (YoY -8.84%), while non-interest income was 8.1 billion yuan (YoY -8.41%). The decline in net interest income has narrowed compared to Q2 [3][4] - The total loan principal at the end of Q3 2024 was 38,972 billion yuan, reflecting a growth of 2.91% since the beginning of the year [4] - The company’s total revenue for 2024 is projected to be 146.5 billion yuan, with a slight increase expected in subsequent years [6] Asset Quality - The non-performing loan ratio remained stable at 1.25%, indicating a solid asset quality. The provision coverage ratio is at a relatively sufficient level of 170.73% [5][6] - The company reported a credit impairment loss of 4.345 billion yuan in Q3, which is a significant decrease of 51.26% YoY, contributing positively to profits [5] Market Position and Outlook - The company is expected to benefit from an improved deposit structure and a potential recovery in agency sales as market conditions stabilize [3][4] - The projected price-to-book ratios for 2024-2026 are 0.3, indicating a favorable valuation relative to its earnings growth [3][6]

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。 股票代码：601818 股票简称：光大银行 公告编号：临2024-062 中国光大银行股份有限公司 关联交易公告 重要内容提示： 交易简要内容 中国光大银行股份有限公司（简称本行）拟为光大证券股份有 限公司（简称光大证券）核定人民币 115 亿元综合授信额度，期限 12 个月，信用方式。 本行拟为中国光大环境（集团）有限公司（简称光大环境）核 定人民币 12 亿元授信总额度，期限 2 年，信用方式。 本行拟为北京古北水镇旅游有限公司（简称古北水镇）核定单 一客户授信总额度人民币1.805206 亿元、总敞口人民币1.715206 亿 元，包括：（1）综合授信额度 1 亿元、敞口 1 亿元，期限 1 年，由 北京汤河文化发展有限公司（简称汤河文化）提供连带责任保证担 保；（2）在光大金融租赁股份有限公司（简称光大金租）存量的融 资租赁余额 0.805206 亿元、敞口余额 0.715206 亿元。 本行拟为中国光大控股有限公司（简称光大控股）核定承诺性 循环贷款 2.6 亿美元（约合 ...

Financial Performance - The total assets of the bank reached RMB 6.88 trillion, with a net profit of RMB 38.592 billion[5]. - For the period of January to September 2024, the company achieved a net profit of RMB 38.592 billion, an increase of 1.81% compared to the same period last year[17]. - The company's operating income for the same period was RMB 102.399 billion, a decrease of 8.76% year-on-year, with net interest income down 11.03% to RMB 72.590 billion[17]. - The weighted average return on equity was 9.66%, down 0.57 percentage points from the previous year[17]. - The company reported a non-performing loan balance of RMB 48.522 billion, with a non-performing loan ratio of 1.25%, unchanged from the end of the previous year[17]. - The net profit for the group reached RMB 38,592 million for the nine months ended September 30, 2024, a slight increase from RMB 37,906 million in the same period of 2023, showing a growth of 1.8%[37]. - The total operating income for the group was RMB 102,399 million for the nine months ended September 30, 2024, compared to RMB 112,230 million for the same period in 2023, indicating a decline of 8.7%[37]. - The bank's basic earnings per share remained stable at RMB 0.57 for both 2024 and 2023, while diluted earnings per share increased slightly from RMB 0.56 in 2023 to RMB 0.57 in 2024[38]. Asset and Loan Balances - The balance of loans to technology enterprises reached RMB 358.197 billion, an increase of RMB 91.045 billion, or 34.08% compared to the end of the previous year[5]. - The balance of green loans was RMB 418.792 billion, an increase of RMB 105.03 billion, or 33.47% compared to the end of the previous year[5]. - The balance of inclusive loans was RMB 432.263 billion, an increase of RMB 53.13 billion, or 14.01% compared to the end of the previous year[5]. - The total loans and advances issued were RMB 3,826,952 million, compared to RMB 3,712,925 million at the end of 2023, representing an increase of approximately 3.07%[32]. - The bank's total liabilities as of September 30, 2024, were RMB 6,884,743 million, reflecting a stable financial position[32]. - The total equity attributable to shareholders of the bank increased to RMB 580,138 million as of September 30, 2024, compared to RMB 552,391 million as of December 31, 2023, marking a rise of 5.0%[34]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB 111.607 billion, a significant increase compared to the previous year's cash outflow of RMB 35.524 billion[16]. - The liquidity coverage ratio was 132.11% as of September 30, 2024, compared to 149.17% at the end of the previous year[15]. - The bank's cash flow from operating activities showed a positive trend, indicating effective liquidity management[32]. - The cash and cash equivalents balance as of September 30, 2024, was RMB 120,165 million, an increase from RMB 102,859 million in the same period of 2023[44]. Investment and Financing Activities - The cash inflow from investment activities for the group reached RMB 1,092,260 million in the nine months ended September 30, 2024, compared to RMB 765,942 million in the same period of 2023, representing an increase of 42.6%[43]. - The total cash inflow from financing activities was RMB 738,823 million, down from RMB 1,013,950 million in the previous year, indicating a decrease of 27.1%[43]. - The net cash flow used in financing activities was RMB (59,817) million, a decline from a net inflow of RMB 139,870 million in the same period of 2023[43]. Strategic Focus and Business Development - The bank is focusing on digital transformation to enhance customer acquisition, retention, and value[8]. - The bank is actively exploring new business avenues and optimizing its asset-liability structure[6]. - The company focuses on enhancing service quality in financial business, supporting key sectors like advanced manufacturing and strategic emerging industries, and aims to create greater value for clients through a diversified product offering[18]. - Retail financial business is transitioning to a digital model, with steady growth in retail customer numbers and assets under management (AUM), while optimizing deposit structures and enhancing risk control capabilities[20]. - The company is committed to expanding its wealth management capabilities, focusing on product system construction and enhancing asset allocation abilities[20]. - The company is actively promoting the development of innovative products such as public REITs and enhancing its custody services[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 164,731 for A shares and 816 for H shares, with the largest shareholder holding 41.14% of A shares[22]. - The top ten ordinary shareholders do not participate in margin trading or have any voting rights restored for preferred shareholders[24]. - The controlling shareholder, China Everbright Group, has increased its stake by acquiring 80,619,500 A-shares, representing 0.14% of the total share capital, with a total investment of RMB 249,064,790[30].

股票代码：601818 股票简称：光大银行 公告编号：临 2024-058 中国光大银行股份有限公司 第九届董事会第二十二次会议决议公告 本次会议由崔勇副董事长主持，审议并通过以下议案： 一、关于中国光大银行股份有限公司2024年度中期利润分配方案 的议案 表决情况：有效表决票14票，同意14票，反对0票，弃权0票。 《中国光大银行股份有限公司2024年度中期利润分配方案公告》 详 见 上 海 证 券 交 易 所 网 站 （ www.sse.com.cn ） 及 本 行 网 站 （www.cebbank.com）。 该项议案需提交股东大会审议批准。 独立董事对该项议案的独立意见：本行拟定的2024年度中期利润 分配方案符合中国证券监督管理委员会《上市公司监管指引第3号— —上市公司现金分红》《上海证券交易所上市公司自律监管指引第1 1 号——规范运作》及《公司章程》的有关规定，符合本行实际情况和 持续稳健发展的需要，不存在损害包括中小股东在内的全体股东利益 的情况。 二、关于《中国光大银行股份有限公司2024-2028年资本规划》 的议案 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 ...

股票代码：601818 股票简称：光大银行 公告编号：临2024-060 优先股代码：360013、360022、360034 优先股简称：光大优 1、光大优 2、光大优 3 中国光大银行股份有限公司 2024年度中期利润分配方案公告 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。 重要内容提示： 分配比例：每10股派发现金股息人民币1.04元（含税）。 二、履行的决策程序 （一）董事会会议的召开、审议和表决情况 本行于2024年10月30日召开的第九届董事会第二十二次会议审 议通过了《关于中国光大银行股份有限公司2024年度中期利润分配方 案的议案》，本方案符合公司章程规定的利润分配政策和已披露的股 东回报规划。董事会同意将本行2024年度中期利润分配方案提交本行 股东大会审议。 （二）监事会意见 本次中期利润分配以实施分红派息股权登记日登记的中国 光大银行股份有限公司（简称本行）普通股总股本为基数，具体股权 登记日期将在分红派息实施公告中明确。 本次中期利润分配方案尚需提交本行股东大会审议通过并 完成约定的2024年度优先股 ...