宁波银行（002142.SZ）2024年一季报点评 信贷量价齐升，净利息收入同比+12.2% 2024年04月29日 事件：4 月 29 日，宁波银行发布 24Q1 业绩。24Q1 实现营收 175 亿元， 推荐 维持评级 YoY+5.8%;归母净利润70亿元,YoY+6.3%;不良率0.76%，拨备覆盖率432%。 当前价格： 22.84元 ➢ 业绩整体稳健增长，净利息收入增速亮眼。宁波银行24Q1营收同比+5.8%、 归母净利润同比+6.3%，增速分别较 23 年末-0.6pct、-4.4pct。具体来看，量 价表现共同支撑下，净利息收入同比+12.2%。中收仍为营收的主要拖累项目， [Table_Author] 24Q1 同比-22.8%。24Q1 其他非息收入同比+3.0%，不过增速较 23 年下行 12.7pct。 ➢ 信贷投放高增长，息差边际回升。1）信贷投放提速，24Q1 宁波银行贷款 总额同比+24.2%，增速较23年末+4.4pct。24Q1新增信贷投放1094亿元， 较去年同期多增585亿元，而宁波银行信贷投放的高景气背后，或反映了长三角 分析师 余金鑫 区域对经济复苏更先一步的感知。结构 ...

Financial Performance - Revenue for Q1 2024 increased by 5.78% to 17,509 million RMB compared to the same period last year[3] - Net profit attributable to shareholders rose by 6.29% to 7,013 million RMB year-over-year[3] - Net profit attributable to parent company shareholders reached 7.013 billion yuan, a year-on-year increase of 6.29%[21] - Total operating income was 17.509 billion yuan, up 5.78% year-on-year[21] - Revenue for the first quarter of 2024 reached RMB 17,509 million, a 5.8% increase compared to RMB 16,553 million in the same period last year[26] - Net profit attributable to shareholders of the parent company for Q1 2024 was RMB 7,013 million, a 6.3% increase from RMB 6,598 million in Q1 2023[26] - Total comprehensive income for Q1 2024 was RMB 9,000 million, a 33.1% increase compared to RMB 6,761 million in Q1 2023[26] - Basic earnings per share for Q1 2024 were RMB 1.06, up 6% from RMB 1.00 in Q1 2023[27] Asset and Liability Management - Total assets grew by 6.51% to 2,888,206 million RMB as of March 31, 2024[5] - Total assets amounted to 2,888.206 billion yuan, an increase of 6.51% from the beginning of the year[21] - Total liabilities amounted to 2,676.996 billion yuan[24] - Total equity attributable to parent company shareholders was 210.175 billion yuan[25] - Customer loans and advances increased by 8.73% to 1,362,110 million RMB compared to the end of 2023[5] - Total customer loans increased by RMB 109.392 billion to RMB 1,362.110 billion as of March 31, 2024 compared to December 31, 2023[14] - Total loans reached 1,362.110 billion yuan, up 8.73% from the beginning of the year[21] - Customer deposits surged by 16.20% to 1,819,988 million RMB year-to-date[5] - Total deposits were 1,819.988 billion yuan, a 16.20% increase from the beginning of the year[21] - Customer deposits and interbank deposits increased by RMB 241,110 million in Q1 2024, compared to RMB 285,141 million in Q1 2023[28] - Loan loss provisions increased by RMB 788 million to RMB 44.585 billion as of March 31, 2024 compared to December 31, 2023[15] Capital and Liquidity Ratios - Capital adequacy ratio stood at 14.26% as of March 31, 2024, meeting the regulatory requirement of ≥10.75%[9][11] - Core tier 1 capital adequacy ratio was 9.26% as of March 31, 2024, above the regulatory minimum of 7.75%[9][11] - Liquidity coverage ratio reached 240.04% as of March 31, 2024, significantly exceeding the regulatory requirement of ≥100%[9][13] - Leverage ratio decreased to 5.54% as of March 31, 2024 from 6.00% as of December 31, 2023[12] - Cost-to-income ratio improved to 31.53% as of March 31, 2024 from 38.99% as of December 31, 2023[9] Asset Quality - Non-performing loan ratio remained stable at 0.76% as of March 31, 2024, well below the regulatory threshold of ≤5%[9] - Provision coverage ratio was 431.63% as of March 31, 2024, far above the regulatory minimum of ≥150%[9] - Non-performing loan ratio remained stable at 0.76%[21] - Provision coverage ratio stood at 431.63%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 166,638[17] - Ningbo Development Investment Group holds 18.74% of shares, totaling 1,237,489,845 shares[17] - Overseas Chinese Bank Limited holds 18.69% of shares, totaling 1,233,993,375 shares[17] - Youngor Fashion Co., Ltd. holds 10.00% of shares, totaling 660,360,057 shares[17] - Hong Kong Securities Clearing Company holds 3.90% of shares, totaling 257,819,012 shares[17] - Total number of preferred shareholders at the end of the reporting period is 35[19] - Huabao Trust Co., Ltd. holds 21.18% of preferred shares, totaling 31,450,000 shares[19] - Everbright Securities Asset Management holds 10.10% of preferred shares, totaling 15,000,000 shares[19] - Ping An Life Insurance Co., Ltd. holds 9.45% of preferred shares, totaling 14,040,000 shares[19] - Jiangsu International Trust Co., Ltd. holds 6.71% of preferred shares, totaling 9,960,000 shares[19] - Major shareholder Yager Fashion increased its stake by 42,670,934 shares, representing 0.65% of total shares[22] Financial Assets and Investments - Fair value changes in financial assets increased by 120.89% to 698 million RMB due to higher precious metal valuations[8] - Repurchase agreements (buying back financial assets) soared by 322.19% to 39,057 million RMB[8] - Other assets expanded by 202.92% to 17,742 million RMB due to increased clearing funds[8] - Other comprehensive income rose by 33.91% to 7,768 million RMB driven by bond valuation gains[8] - Net interest income for Q1 2024 was RMB 11,502 million, up 12.2% from RMB 10,253 million in Q1 2023[26] - Net interest margin (annualized) was 1.90% as of March 31, 2024, down from 1.88% as of December 31, 2023[9] Cash Flow - Net cash flow from operating activities in Q1 2024 was RMB 95,445 million, a 34.8% decrease from RMB 146,356 million in Q1 2023[28] - Investment activities resulted in a net cash outflow of RMB 33,018 million in Q1 2024, compared to RMB 37,723 million in Q1 2023[28] - Financing activities resulted in a net cash outflow of RMB 30,330 million in Q1 2024, a 61.4% decrease from RMB 78,692 million in Q1 2023[28] - The beginning cash and cash equivalents balance for the first quarter of 2024 was 57,227 million[29] - The ending cash and cash equivalents balance for the first quarter of 2024 was 89,298 million[29] Return on Equity - Weighted average ROE (annualized) decreased by 1.39 percentage points to 15.51%[3]

宁波银行股份有限公司 2023 年年度股东大会会议材料 （股票代码：002142） 目录 | 材料一：宁波银行股份有限公司 | 2023 | 年度董事会工作报告 1 | | --- | --- | --- | | 材料二：宁波银行股份有限公司 | 2023 | 年年度报告 2 | | 材料三：宁波银行股份有限公司 | 2023 | 年财务决算报告和 2024 年财务预算计划 3 | | 材料四：宁波银行股份有限公司 | 2023 | 年度利润分配方案 6 | | 材料五：关于聘请外部审计机构的议案 7 | | | | 材料六：宁波银行股份有限公司 | 2023 | 年关联交易执行情况及 2024 年工作计划...12 | | 材料七：宁波银行股份有限公司 | 2023 | 年度监事会工作报告 23 | | 材料八：宁波银行股份有限公司 | 2023 | 年度董事会和董事履职评价报告 24 | | 材料九：宁波银行股份有限公司 | 2023 | 年度监事会和监事履职评价报告 28 | | 材料十：宁波银行股份有限公司 | 2023 | 年度高级管理层和高级管理人员履职评价报 | | 告 32 | | | | 材 ...

证券代码：002142 证券简称：宁波银行 公告编号：2024-020 优先股代码：140001、140007 优先股简称：宁行优01、宁行优02 宁波银行股份有限公司 1.股东大会届次：2023 年年度股东大会。 2.股东大会的召集人：公司董事会。公司第八届董事会第六 次会议审议通过了《关于召开宁波银行股份有限公司 2023 年年度 股东大会的议案》。 3.会议召开的合法、合规性：本次会议由公司董事会召集， 召集、召开程序符合相关法律法规和《公司章程》的有关规定。 4．会议召开的日期、时间： 1 关于召开 2023 年年度股东大会通知的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 重要提示： 股东大会召开日期：2024 年 5 月 15 日。 宁波银行股份有限公司(以下简称"公司") 2023 年年度股东 大会定于 2024 年 5 月 15 日 15:30 召开,会议有关事项如下： 一、 召开会议基本情况 （1）现场会议召开时间：2024 年 5 月 15 日（星期三）下午 15:30。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络 投票 ...

证券代码：002142 证券简称：宁波银行 公告编号：2024-021 优先股代码：140001、140007 优先股简称：宁行优01、宁行优02 宁波银行股份有限公司 关于高级管理人员任职资格获核准的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 近日，宁波银行股份有限公司（以下简称"公司"）收到《国 家金融监督管理总局宁波监管局关于核准王丹丹任职资格的批复》 （甬金复〔2024〕77 号）《国家金融监督管理总局宁波监管局关于 核准徐雪松任职资格的批复》（甬金复〔2024〕78 号），国家金融 监督管理总局宁波监管局已核准徐雪松先生、王丹丹女士公司副行 长的任职资格。 徐雪松先生、王丹丹女士的简历请参见公司 2024 年 2 月 8 日 登载于巨潮资讯网（www.cninfo.com.cn）的《宁波银行股份有限 公司第八届董事会第五次会议决议公告》（公告编号 2024-003）。 特此公告。 宁波银行股份有限公司董事会 2024 年 4 月 24 日 ...

宁波银行股份有限公司 关于举行 2023 年度业绩网上说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 宁波银行股份有限公司（以下简称"公司"）将于 2024 年 4 月 30 日（星期二）下午 15:00-17:00 在全景网举行 2023 年度业绩 网上说明会。本次业绩说明会将采用网络远程方式举行，投资者可 登陆全景网"投资者关系互动平台"（https://ir.p5w.net）参与 本次说明会。 出席本次业绩说明会的人员有：公司董事长陆华裕先生，副董 事长、行长庄灵君先生，独立董事王维安先生，董事、副行长、财 务负责人、首席信息官罗维开先生，董事会秘书俞罡先生。 为提升交流的针对性，现就本次业绩说明会提前向投资者公开 征集问题，广泛听取投资者的意见和建议。投资者可于 2024 年 4 月 25 日（星期四）12:00 前访问 https://ir.p5w.net/zj/，进入 问题征集专题页面。 欢迎广大投资者积极参与。 特此公告。 证券代码：002142 证券简称：宁波银行 公告编号：2024-019 优先股代码：140001、140007 ...

[Table_MainInfo] 公司研究/金融/银行 证券研究报告 宁波银行（002142）公司年报点评 2024年04月12日 [Table_InvestInfo] 宁波银行 2023 年年报点评：个贷增长继续 投资评级 优于大市 维持 提速，零售 AUM 近万亿 股票数据 [0T4a月ble12_日St收oc盘k价In（fo元] ） 21.16 [Table_Summary] 投资要点：宁波银行发布 2023 年报，营收同比增长 6.40%，归母净 52周股价波动（元） 18.80-29.62 股本结构 利润同比增长 10.66%，与业绩快报一致。公司个贷尤其是消费贷增 [总Ta股b本le（_C百a万p股ita）lI nfo] 6604 长迅速，财富管理做大做强，我们维持公司“优于大市”评级。 流通A股（百万股） 6525 B股/H股（百万股） 0/0 相关研究  个贷增长继续提速。23年末个人贷款及垫款余额较22年同比增长29.6%，超过 [《Ta宁b波le银_R行e 2p 0o 23rtI年nf半o年] 报点评：营收增 23Q3同比增速（26.9%），个贷占比较22年提升3.1pct至40.5%。 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [4]. Core Insights - The company reported a revenue growth of 6.4% for the year 2023, with a net profit growth of 10.7%. The net interest income grew by 9%, while non-interest income from fees declined by 23% [5][6]. - Retail loans showed strong growth, increasing by 30% year-on-year, driven by mortgage and consumer loans. Total loans grew by 19.8% for the year [5][6]. - The net interest margin for the year was 1.88%, a slight decrease compared to previous quarters, but the decline in Q4 was less than that of peers [5][6]. - The company increased its dividend payout ratio to 16% in 2023, up from 15% in 2022, with a dividend of 0.6 yuan per share [5][6]. Summary by Sections Financial Performance - The company achieved a revenue growth of 6.4% for 2023, with a net profit growth of 10.7%. The net interest income increased by 9%, while fee income decreased by 23% [5][6]. - Total loans increased by 19.8% year-on-year, with retail loans growing by 30% and corporate loans by 17% [5][6]. - The net interest margin was reported at 1.88%, with a slight decrease compared to previous quarters [5][6]. Asset Quality - The year-end non-performing loan (NPL) ratio was stable at 0.76%, with a slight increase in the annual NPL generation rate to 0.95% [5][6]. - The provision coverage ratio decreased to 461% by year-end, reflecting a reduction in provisions due to improved profit margins [5][6]. Dividend Policy - The dividend payout ratio was increased to 16% in 2023, with a dividend of 0.6 yuan per share, marking a rise from the previous four years of 0.5 yuan per share [5][6]. Future Outlook - The company is expected to maintain a revenue growth rate of 6.4% and a net profit growth rate of 10.6% for 2024, with a valuation of 0.70x 2024 PB and 5.1x 2024 PE [5][6].

[Table_Page] 年报点评|城商行Ⅱ 证券研究报告 [宁Table_波Title] 银行（002142.SZ） [公Tab司le_I评nve级st] 买入 当前价格 21.12元 息差环比企稳，等待复苏 alpha 合理价值 36.43元 前次评级 买入 [Table_Summary] 报告日期 2024-04-10 核心观点： ⚫ 宁波银行发布2023年度报告。23年营收、PPOP、归母净利润同比分 [相Tab对le_P市icQ场uote表] 现 别变动+6.4%、+3.2%、+10.7%，增速较23Q1~3分别变动+0.95pct、 +1.93pct、-1.89pct。从累计业绩驱动来看，规模增长、其他收支、拨 10% 2% 备计提、有效税率形成正贡献，净息差收窄、净手续费收入下降、成本 04/23 06/23 08/23 10/23 12/23 02/24 04/24 -7% 收入比上升等因素形成一定拖累。（详细图表见正文） -15% ⚫ 亮点：（1）单季息差环比企稳。公司23A净息差为1.88%，环比23Q1- -24% -32% 3下降1bp，降幅小于同业。我们测算23Q4单季度息差1.86 ...

公[T司abl点e_H评ea报der告] ●银行业 2024年 4月 11日 [Table_Title] [Table_StockCode] 宁波银行(002142) 业绩增速稳健，信贷投放延续高增 [Table_InvestRank] 推荐 维持评级 核心观点： 分析师 [T abl事e_S件u：mm公a司ry]发 布了 2023年年度报告。 [张Ta一b纬le_ Authors] ：010-80927617  业绩表现稳健，减值计提水平下降：2023年，公司实现营业收入 615.85 ：zhangyiwei_yj@chinastock.com.cn 亿元，同比增长 6.40%，实现归属于母公司股东的净利润 255.35 亿元，同 分析师登记编码：S0130519010001 比增长 10.66%。ROE 为 15.08%，同比减少 0.48 个百分点。受利息净收入 持续增长以及减值计提水平的下降，公司业绩保持稳健。2023年，公司计 提信用及资产减值损失 89.40 亿元，同比减少 14.91亿元。  信贷规模延续高增增厚利息净收入，负债端成本刚性仍存：2023年，公 司实现利息净收入 409. ...