沪农商行2024年半年度报告业绩点评：资产质量优异，首度实施中期分红.docx

2023A2024E 202.SE 2026E20,699.51 20,612.04 20,698.38 21,095.95

2023A

2024E 202.SE 2026E

2,268.42 2,157.16 2,190.64 2,231.89

3,443.87 4,027.29 4,399.30 4,373.27

26,413.80 26,796.49 27,288.32 27,903.12

313.44 296.15 304.45 316.96

8,599.16 8,248.42 8,434.27 8,612.54

29.68 25.49 27.29 27.90

622.32 10.26 28.00 20.00

18,093.84 18,236.68 18,550.32 18,965.72

3,207.37 2,918.01 2,800.50 2,576.27

14,886.47 15,318.68 15,749.81 16,389.44

2,399.09 2,683.98 2,834.97 3,024.22

12,141.96 12,281.68 12,517.88 12,981.35

684,879 720,316 752,139 783,032

89,302 98,253 106,097 113,039

493,842 534,933 559,005 583,042

1,313,112 1,363,262 1,452,997 1,511,398

79,102 110,485 96,653 115,797

1,392,214 1,473,747 1,549,650 1,627,195

1,037,738 1,091,700 1,140,827 1,189,883

225,974 241,483 256,594 273,147

12,143 14,572 17,195 19,774

1,275,855 1,347,756 1,414,616 1,482,803

% Q 9 112,427 121,815 130,460 139,434

1.67% 1.50% 1.45% 1.40%

1.61% 1.41% 1.38% 1.32%

3.66% 3.34% 3.22% 3.06%

10.64% 1.15% 1.92% 3.70%

3.17% 0.79% 1.72% 2.24%

8.91% 2.90% 2.81% 4.06%

3.07% L45% L84% 2.25%

-0.26% -0.42% 0.42% 1.92%

7.77% 3.82% 6.38% 4.02%

6.36% 5.17% 4.42% 4.11%

-20.36% 10.02% 7.98% 6.34%

22.42% 8.32% 4.30% 4.30%

25.60% 39.67% -12.52% 19.81%

9.33% 5.50% 4.82% 4.69%

7.94% 5.20% 4.50% 4.30%

19.21% 18.00% 17.00% 14.00%

1040% 835% 710% 688%

0.97% 0.96% 0.94% 0.93%

404.98% 378.39% 373.96% 366.07%

3.94% 3.58% 3.47% 3.37%

15.74% 16.12% 16.20% 16.26%

8.13% 8.37% 8.52% 8.66%

2.05% 1.92% 1.83% 1.74%

1.27

1.89

1.30

1.92

1.35

1.97

33.85% 31.98% 32.12% 32.10%

BVPS

11.66 12.63 13.33