The explosive "Soochow Super" breaking the circle: a city commercial bank's 7.6 million monthly active users and 1.6 trillion AUM

On November 25th, Bank of Jiangsu held a performance briefing for the third quarter of 2025.

Yuan Jun, Director and President of Bank of Jiangsu, Lu Songsheng, Director, Secretary of the Board, and Head of the Planning and Finance Department, and Independent Director Hong Lei attended the meeting and answered questions of concern to investors.

At the meeting, regarding the chain effect brought by Bank of Jiangsu's sponsorship of the "Su Super" event, as well as the company's performance, net interest margin performance, New Year’s Day reserve, and readiness for refinancing, Yuan Jun responded to each question.

"Su Super" Event Creates Chain Benefits

Regarding the performance contribution from sponsoring the "Su Super" event and whether to continue sponsorship, Director and President Yuan Jun stated that since the beginning of this year, the retail sector of Bank of Jiangsu has been focusing on sports, cultural, and other interest circles to carry out scenario innovation. "The 'Su Super' event has strengthened Bank of Jiangsu's ability to build scenarios, creating a significant boost effect for the bank's APP activation, consumer credit, and customer management, promoting the formation of a chain benefit of 'event traffic - consumption retention - economic increment.'"

By the end of September, the number of customers using the Bank of Jiangsu APP was nearly 22 million, with monthly active customers exceeding 7.6 million; retail AUM exceeded 1.6 trillion yuan, with nearly 200 billion yuan added, ranking first among city commercial banks in both scale and new additions.

In 2026, Bank of Jiangsu will actively seek sponsorship opportunities for excellent events, including the "Su Super," with specifics to be confirmed by the respective event organizing committees.

NIM Narrowing Better Than Industry Average

Yuan Jun introduced that the banking industry is currently facing a trend of narrowing net interest margins (NIM). In the first half of 2025, the NIM for commercial banks was 1.42%, a decrease of 10 basis points compared to 2024, while Bank of Jiangsu's NIM in the first half of 2025 was 1.78%, a decrease of 8 basis points compared to 2024, with the narrowing extent better than the industry average.

In the future, the bank will continue to optimize asset-liability allocation and structure, enhance investment research capabilities on the asset side, seize quality assets, and ensure stability in deposits and cost reduction on the liability side, striving to maintain a stable NIM level.

Reserve Progress Meets Expectations

Regarding the "New Year’s Day reserve," Yuan Jun explained that Bank of Jiangsu has always insisted on project reserves as the foundation for asset deployment, driving steady growth in reserves and orderly credit deployment through continuous customer growth. In recent years, Bank of Jiangsu has built a normalized project reserve mechanism throughout the year based on the idea of "expanding reserves and optimizing deployment," actively carrying out customer expansion projects to solidify the customer base and strengthen project reserves.

Starting in the second half of this year, the bank has concentrated on advancing project reserves for 2026, closely following policy directions and focusing on key areas such as the development of new productive forces and the "five major financial articles," with the overall progress currently meeting expectations.

Mainly Inherent Accumulation

Regarding readiness for refinancing, Yuan Jun stated that in recent years, Bank of Jiangsu has prioritized high-quality development, vigorously promoting endogenous growth, with the capital adequacy ratio remaining stable and meeting relevant regulatory requirements. As of the end of September, the core Tier 1 capital adequacy ratio of Bank of Jiangsu Group was 8.61%, an increase of 0.12 percentage points compared to the end of the first half Bank of Jiangsu will fully consider profit growth and capital consumption, and reasonably formulate medium- and long-term capital planning based on its own operating conditions, balancing scale, efficiency, effectiveness, and quality to ensure that all capital indicators remain within compliance ranges.

On one hand, the focus will be on endogenous accumulation. The bank will continue to maintain stable accumulation of endogenous profits by optimizing the asset-liability structure, stabilizing the net interest margin, and maintaining a steady level of profit growth. It will continuously strengthen refined capital management, implement all requirements of new capital regulations, and promote the concept of capital intensification throughout the bank. The bank will drive asset structure optimization, encourage the development of low capital consumption businesses, and improve capital utilization efficiency. Capital assessment will be strengthened to establish a capital-intensive orientation and enhance capital return levels.

On the other hand, external supplementation will be auxiliary. Currently, the refinancing work of listed banks is still subject to regulatory restrictions. Bank of Jiangsu will actively pay attention to policy guidance and refinancing-related regulations, reference practices of peers, and comprehensively consider factors such as regulatory policies, capital needs, and sustainable business development.

Cumulative Dividends of Nearly 50 Billion

Director and President Yuan Jun also stated that since its listing, Bank of Jiangsu has always attached great importance to investor demands and returns, actively giving back to investors through continuous and stable cash dividends. In recent years, Bank of Jiangsu has maintained an annual cash dividend ratio of 30% of net profit attributable to shareholders, with cumulative cash dividends of nearly 50 billion yuan since its listing. For the year 2024, the bank has implemented a mid-term dividend, and relevant information can be found in the disclosed announcements.

To further increase investor returns and boost long-term holding confidence, the 2024 annual general meeting of shareholders of Bank of Jiangsu approved the proposal to authorize the board of directors to decide on the mid-term profit distribution for 2025. The subsequent arrangements will be determined by the board of directors based on a comprehensive consideration of the bank's profitability, cash flow situation, and medium- and long-term development plans, and will be strictly executed in accordance with relevant regulations.

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