> 数据图表各位网友请教一下4.12025-12-34.1投资策略25年股息率25Q3 PB25年股息率25Q3 PB类型国有行国有行国有行国有行国有行国有行股份行股份行股份行股份行股份行股份行股份行股份行股份行简称农行交行工行邮储建行中行平安浦发华夏民生招行兴业光大浙商中信A股3.12%4.14%3.82%3.79%3.99%3.65%5.02%3.42%5.61%4.34%4.63%5.02%5.06%4.51%4.66%3.75%4.70%4.21%4.07%4.22%H股4.68%5.00%5.26%4.48%5.23%5.27%4.47%4.19%5.45%5.86%5.56%4.99%5.11%4.28%5.37%4.91%A股1.020.600.750.680.740.730.510.520.360.321.010.550.430.480.600.750.530.660.610.63H股0.680.500.550.580.560.510.311.110.400.370.500.560.540.410.510.52国有行平均股份行平均城商行平均农商行平均上市银行平均资料来源:wind,浙商证券研究所。注1:数据截至2025年12月1日,颜色越红代表股息率越高、PB估值越低。注2:2025年股息率=考虑再融资摊薄影响后的2024年每股分红金额*(1+25Q1~3归母净利润同比增速)/2024年分红比例*2025年分红比例,2025年分红比例取2024年分红比例与2025年中期分红比例的较大值。类型城商行城商行城商行城商行城商行城商行城商行城商行城商行城商行城商行城商行城商行城商行城商行城商行城商行农商行农商行农商行农商行农商行农商行农商行农商行农商行农商行H股1.88%5.01%5.95%5.37%简称兰州宁波郑州青岛苏州江苏杭州西安南京北京添加标题厦门上海长沙齐鲁成都重庆贵阳江阴港行青农无锡渝农常熟瑞丰沪农紫金苏农A股4.27%3.38%1.01%3.78%4.73%5.24%4.30%2.72%4.47%5.59%4.19%5.27%4.56%3.94%5.45%4.04%4.70%4.61%4.46%3.87%3.70%4.76%4.53%3.77%4.61%3.18%3.24%A股0.450.870.400.720.740.770.860.500.800.440.750.600.560.780.860.710.350.630.630.490.610.570.810.570.720.510.57H股0.210.540.480.5133浙商证券综合其他