研報掘金丨華鑫證券:中國銀行中收增速轉正,非息收入亮眼,予“買入”評級
華鑫證券研報指出,中國銀行(601988.SH)2024/25Q1歸母淨利潤2378.4/543.6億元,同比+2.6%/-2.9%。Q1營收同比+2.6%,增速較24A提升1.4pct;歸母淨利潤同比-2.9%,增速較24A放緩5.5pct ,盈利增速放緩。25Q1總資產同比增長6.9%至36萬億元,增速較24A回落1.2pct。其中存款同比增長6.2%至25.6萬億元,貸款總額同比增長8.3%至22.6萬億元。從增量來看,一季度新增貸款1.01萬億元,較去年同期多增0.09萬億元。息差環比回落,同比降幅收窄;中收增速轉正,非息收入亮眼。公司一季度末核心一級資本充足率11.82%,一級資本充足率13.8%,資本充足率17.98%。給予“買入”投資評級。
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