---
title: "Ping An Securities: Changshu Bank's interim dividend increases, pay attention to the convertible bond process, maintaining a \"strong buy\" rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252808977.md"
description: "Ping An Securities released a research report stating that Changshu Bank's net profit attributable to the parent company in the first half of 2025 is expected to be 1.97 billion yuan, a year-on-year increase of 13.5%. As of the end of June 2025, the total asset scale reached 401.2 billion yuan, with growth in both loans and deposits. The interim dividend payout ratio is 25.27%, significantly higher than in previous years. The company focuses on retail and micro-businesses and is expected to benefit from a recovery in market demand in the future. The balance of convertible bonds is 6 billion yuan, and if successfully converted into shares, the capital strength will be enhanced. The rating for the company is maintained at \"Strong Buy.\""
datetime: "2025-08-13T08:14:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252808977.md)
  - [en](https://longbridge.com/en/news/252808977.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252808977.md)
generator: "portal-rs"
---

# Ping An Securities: Changshu Bank's interim dividend increases, pay attention to the convertible bond process, maintaining a "strong buy" rating

Ping An Securities research report points out that Changshu Bank achieved a net profit attributable to shareholders of 1.97 billion yuan in the first half of 2025, a year-on-year increase of 13.5%. As of the end of June 2025, Changshu Bank's total assets reached 401.2 billion yuan, an increase of 9.45% compared to the beginning of the year, with loans increasing by 4.40% and deposits increasing by 8.46%. According to the company's mid-term profit distribution plan for 2025, the mid-term dividend payout ratio is 25.27%. The company focuses on changes in retail and small micro businesses, with an increase in mid-term dividend levels. The company has always adhered to the market positioning of "three rural issues and two small businesses," continuously pursuing differentiated development through deepening inclusive finance, targeting customer segments, and expanding in different locations. Retail and small micro businesses are steadily developing, and the company is expected to continue benefiting from the sustained recovery in demand from small micro enterprises and retail customers. The mid-term dividend rate for 2025 reached 25.27%, significantly higher than in previous years. In addition, as of August 12, the company's convertible bond balance reached 6 billion yuan, and based on the closing price on August 12, it has exceeded the strong redemption price of the convertible bonds. If successful in conversion, the capital strength is expected to further increase. The bank maintains its profit forecast for the company and is optimistic about the development space for small micro businesses in the long term, maintaining a "strongly recommend" rating

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**