Core Viewpoint - CITIC Bank reported strong performance in 2024, achieving "double growth" in revenue and net profit, while maintaining stable asset quality and optimizing its asset and liability structure [1][2]. Revenue and Profit Growth - In 2024, CITIC Bank achieved operating revenue of 213.646 billion yuan, a year-on-year increase of 3.76%. Net interest income was 146.679 billion yuan, up 2.19%, with a net interest margin of 1.77%, outperforming the market for three consecutive years [1][2]. - Non-interest income reached 66.967 billion yuan, growing 7.39% year-on-year, marking five consecutive years of positive growth, with a non-interest income ratio of 31.34%, up 1.05 percentage points year-on-year [1]. Asset Quality and Provisioning - CITIC Bank's non-performing loan (NPL) balance was 66.485 billion yuan, an increase of 1.685 billion yuan (2.60%) year-on-year, with an NPL ratio of 1.16%, down 0.02 percentage points, achieving six consecutive years of decline [3]. - The provision coverage ratio improved by 1.84 percentage points to 209.43%, continuing an upward trend for four years. The new NPL ratio decreased by 0.06 percentage points to 1.48% [3]. Asset and Liability Structure - CITIC Bank's total assets exceeded 9.5 trillion yuan, reaching 95,327.22 billion yuan, a 5.31% increase year-on-year. Total loans and advances were 57,201.28 billion yuan, up 4.03%, and customer deposits totaled 57,782.31 billion yuan, increasing by 7.04% [4]. - The bank optimized its asset and liability structure, with general loans increasing by 0.27 percentage points to 55.29%, while discount loans decreased by 1.54 percentage points to 7.87% [4]. Future Strategy - For 2025, CITIC Bank plans to maintain moderate growth in asset allocation, focusing on structural optimization. The credit growth target is set at 330 billion yuan, with a 5.9% increase, including 270 billion yuan for corporate credit and 120 billion yuan for retail business [4][5]. - The bank aims to enhance its digital risk control capabilities and adjust its business structure to capture market opportunities, reducing low-yield assets while increasing high-yield credit bond allocations [5].

第一是2024年整体资产质量总体不错，这是2025年的基础，其中有三个特点，一是关键指标均正向变 动，目前同业不良率和拨备覆盖率均正向变动的比较少；二是指标变动跑赢大市；三是整体指标趋势向 好，不良率连续6年下降，达到2014年以来最好水平，拨备覆盖率连续4年上升，新发生不良连续4年下 降。 第二是中信银行稳健的经营理念和风险文化。"近几年来在风险领域，中信银行一直秉承着安全和稳 定、稳健、审慎、可持续发展的经营理念。我们不以风险下沉来换取短期的收益，也不以损害风险抵御 能力来放弃利润。全行上下已经形成了敬畏风险、审慎经营的风险文化。我们认为经营理念和风险文化 是一个银行的灵魂和价值观，它决定着银行的经营风格和风险偏好，也决定着一个银行资产质量的长期 趋势。"胡罡说。 信心来源三是中信银行的资产结构还在持续的优化过程中。对公贷款占比为58.7%，零售贷款占比为 41.3%；二是对公贷款结构向长三角、珠三角、京津冀、成渝等区域集中；另外，零售贷款结构改善， 去年住房贷款按揭增量排整个市场第一位。个贷信用贷款，高收入也就是年收入15万元以上客群占比， 占比达到56%，比年初提升14个百分点，信用卡优质客群占比48 ...

Core Viewpoint - CITIC Bank reported a year-on-year increase in both revenue and net profit for 2024, but its retail banking segment showed significant declines, raising concerns about its strategic transformation efforts [3][10]. Financial Performance - CITIC Bank achieved operating revenue of 213.65 billion yuan, a growth of 3.76% year-on-year [3]. - The net profit attributable to shareholders was 68.58 billion yuan, reflecting a 2.33% increase compared to the previous year [3]. - The net interest margin was 1.77%, down by 1 basis point from the previous year, but the decline was less severe than in prior years [5]. Retail Banking Segment - The retail banking segment's pre-tax profit fell by over 40%, with revenue decreasing by 0.86% [10]. - The revenue contribution from retail banking remains below the 50% target set three years ago, currently at 40.1% [12][13]. - The bank's retail banking pre-tax profit has dropped significantly from 227.04 million yuan in 2021 to 92.3 million yuan in 2024, a cumulative decline of 60% [11]. Asset Quality - As of the end of the reporting period, the non-performing loan (NPL) balance was 66.49 billion yuan, an increase of 2.60% year-on-year [6][7]. - The NPL ratio improved to 1.16%, down by 0.02 percentage points from the previous year [7]. - The provision coverage ratio increased to 209.43%, up by 1.84 percentage points year-on-year [6]. Business Segmentation - The corporate banking segment saw revenue and pre-tax profit growth of 4.02% and 18.92%, respectively [10]. - The financial markets segment also experienced growth, with revenue and pre-tax profit increasing by 23.07% and 37.65% [10]. - The retail banking segment's performance contrasts sharply with the growth seen in corporate and financial market segments [10]. Strategic Outlook - The bank's chairman emphasized the importance of a "light" transformation strategy focusing on efficiency and sustainable development [14]. - The goal remains to enhance the contribution of retail revenue to over 50%, a target that has not yet been achieved [13].

Financial Performance - The company's operating income for 2024 reached RMB 213,223 million, a 3.72% increase from RMB 205,570 million in 2023[40]. - Total profit for 2024 was RMB 80,863 million, reflecting a growth of 7.98% compared to RMB 74,887 million in 2023[40]. - Net profit attributable to shareholders was RMB 68,576 million, up 2.33% from RMB 67,016 million in 2023[40]. - The average return on total assets (ROAA) for 2024 was 0.75%, a slight decrease from 0.77% in 2023[42]. - The net interest margin stood at 1.77%, remaining stable year-on-year and outperforming the market for three consecutive years[22]. - The company's total assets as of December 31, 2024, amounted to RMB 9,532,722 million, a 5.31% increase from RMB 9,052,484 million in 2023[44]. - Customer deposits totaled RMB 5,778,231 million, representing a 7.04% increase from RMB 5,398,183 million in 2023[44]. - The liquidity coverage ratio was 218.13% in 2024, significantly higher than the regulatory requirement of 100%[49]. Dividend Distribution - The proposed cash dividend for the fiscal year 2024 is RMB 1.722 per 10 shares, totaling RMB 9.582 billion, alongside an interim dividend of RMB 9.873 billion, leading to a total annual cash dividend of RMB 19.455 billion[4]. - The bank aims to maintain its total dividend distribution amount unchanged, adjusting the per-share distribution ratio if there are changes in total share capital before the dividend record date[4]. - The bank plans to further increase its dividend payout ratio to reward investors for their trust and support[16]. Asset and Loan Management - The total amount of loans and advances reached RMB 57,201.28 billion, an increase of 4.03% year-over-year, with net loans accounting for 58.7% of total assets[114]. - The balance of loans to technology enterprises increased by nearly 20% year-on-year, reflecting the bank's focus on serving the real economy[17]. - The green credit balance surpassed RMB 600 billion, with a year-on-year growth of 31%[17]. - The non-performing loan ratio is projected to be 1.16% by the end of 2024, marking six consecutive years of decline[21]. - The provision coverage ratio increased to over 209%, the best level since 2013[21]. Strategic Vision and Market Position - The bank's strategic vision includes becoming a world-class bank by implementing a "Five Leading" strategy, focusing on wealth management, comprehensive financing, transaction settlement, foreign exchange services, and digital banking[9]. - The bank ranks 19th in the "Global Banking Brand Value 500" list published by Brand Finance in 2024, and its Tier 1 capital ranks 18th in the "World's 1000 Banks Ranking" by The Banker magazine[8]. - CITIC Bank was recognized as a "Market Influential Institution" and "Market Innovative Business Institution" by the National Interbank Funding Center in January 2024[34]. Risk Management and Compliance - The bank emphasizes risk management and has established a comprehensive risk management system to enhance risk control effectiveness[62]. - The bank's governance structure is designed to ensure effective management and compliance, enhancing operational efficiency and risk management capabilities[59]. Customer and Market Engagement - The bank served over 300,000 small and micro enterprises through its "CITIC Easy Loan" product, covering nearly 80% of the national economy[17]. - The retail customer base increased to 145 million, with retail managed assets steadily rising to 4.69 trillion yuan[19]. - The number of pension account users exceeded 5 million, leading the industry in pension fund custody scale[17]. Awards and Recognition - The company was recognized as a top performer in various awards, including the "Best Wealth Management Bank" and "Outstanding Financial Institution" in 2024[36][37]. - The bank received multiple awards from the Shanghai Commercial Paper Exchange, including "Outstanding Comprehensive Business Institution" and "Outstanding Discount Institution" in January 2024[34]. Financial Innovations and Projects - The company launched several new projects, including a privacy computing data integration project and a trust technology platform, which received accolades from the People's Bank of China[38]. - The bank is advancing digital transformation and has launched a domestic distributed core system, integrating technologies like AI, blockchain, and big data into its operations[62].

Core Viewpoint - The report outlines the management and compliance of related party transactions by CITIC Bank for the year 2024, emphasizing the importance of regulatory adherence and the establishment of a robust governance framework to mitigate risks associated with such transactions [1][2][3]. Related Party Transaction Management - The governance structure includes a multi-level management system involving the Related Party Transaction Control Committee, senior management, and various offices to ensure compliance and effective management of related party transactions [1][2]. - The board of directors holds ultimate responsibility for related party transaction management, with the audit committee overseeing the review and risk control processes [2][3]. Compliance and Regulatory Adherence - The bank has implemented a "1+3+N" management system to ensure comprehensive compliance with regulatory requirements, including the establishment of detailed management procedures and training sessions for staff [7][8]. - Regular training sessions have been conducted to enhance understanding of regulatory requirements and improve the execution of management systems [8]. Related Party Identification and Reporting - As of the reporting period, the bank identified 6,993 related legal entities and 9,185 related individuals, with a notable increase in the number of related legal entities compared to the previous year [14]. - The bank has reported a total of 11,947.50 billion yuan in related party transactions, ensuring all transactions adhered to the required approval and reporting processes [18]. Credit Transactions with Related Parties - The bank's credit transactions with related parties include significant amounts, such as 3,739.28 billion yuan with CITIC Group, all within the regulatory limits [15][17]. - The overall quality of credit transactions with related parties is reported as good, with minimal amounts classified as special mention or substandard [18]. Non-Credit Related Transactions - The bank has engaged in non-credit related transactions, with a total of 15,390.18 billion yuan reported for the year, all of which complied with the necessary approval and reporting procedures [19].

（一）提议聘请 2024 年度会计师事务所 委员会第三十九次会议审议通过了《关于聘用 2024 年度会计师 事务所及其费用的议案》，认为毕马威会计师事务所（包括分别 承担国内、国际审计的毕马威华振会计师事务所（特殊普通合伙） 和毕马威会计师事务所，以下合称"毕马威"）具备应有的专业 胜任能力、投资者保护能力、独立性和良好的诚信状况，同意将 该议案提交董事会审议。 （二）监督指导会计师事务所审计工作 中信银行: 中信银行股份有限公司董事会审计与关 联交易控制委员会2024年度履职情况报告 根据《上海证券交易所上市公司自律监管指引第 1 号——规 范运作》及《中信银行股份有限公司董事会审计与关联交易控制 委员会议事规则》《中信银行股份有限公司审计与关联交易控制 委员会年报工作规则》等规定，中信银行股份有限公司（以下简 称"本行"）董事会审计与关联交易委员会（以下简称"委员会"） 勤勉、审慎、合规履职，现将 2024 年度履职情况报告如下： 一、委员会召开会议情况 截至 2024 年末，委员会由 3 名董事组成，均为独立非执行 董事。2024 年，委员会共召开 10 次会议（其中现场会议 9 次， 书面传签会议 1 ...

公司代码：601998 公司简称：中信银行 中信银行股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以 下简称企业内部控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办 法，在内部控制日常监督和专项监督的基础上，我们对公司2024年12月31日（内部控制 评价报告基准日）的内部控制有效性进行了评价。 一、重要声明 中信银行股份有限公司 2024 年度内部控制评价报告 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效 性，并如实披露内部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内 部控制进行监督。经理层负责组织领导企业内部控制的日常运行。公司董事会、监事会 及董事、监事、高级管理人员保证本报告内容不存在任何虚假记载、误导性陈述或重大 遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信 息真实完整，提高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限 性，故仅能为实现上述目标提供合理保证。此外，由于情况的变化可能导致内部 ...

证券代码：601998 证券简称：中信银行 公告编号：临2025-030 中信银行股份有限公司续聘会计师事务所公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 拟续聘会计师事务所名称：毕马威华振会计师事务所（特殊普通合伙）为 本行国内会计师事务所；毕马威会计师事务所为本行国际会计师事务所。 中信银行股份有限公司（以下简称"本行"）于2025年3月26日召开了第七 届董事会第九次会议，审议通过了《关于聘用2025年度会计师事务所及其费用的 议案》，同意2025年继续聘用毕马威华振会计师事务所（特殊普通合伙）（以下 简称"毕马威华振"）、毕马威会计师事务所（以下简称"毕马威香港"），分 别为本行提供国内、国际审计服务。拟续聘的会计师事务所情况如下： 一、拟聘任会计师事务所的基本情况 （一）机构信息 1. 毕马威华振会计师事务所（特殊普通合伙） （1）基本信息 毕马威华振会计师事务所于1992年8月18日在北京成立，于2012年7月5日获 财政部批准转制为特殊普通合伙的合伙制企业，更名为毕马威华振会计师事务所 （特 ...

自 2024 年 1 月 1 日至 2024 年 12 月 31 日，中信银行股份有限公司（以 下简称"中信银行"或"本行"或"公司"）股票连续 12 个月每个交易日收盘 价均低于最近一个会计年度经审计的每股归属于本行普通股股东的净资产，根 据中国证券监督管理委员会（以下简称"中国证监会"）《上市公司监管指引 第 10 号——市值管理》的相关规定，本行应当制定估值提升计划。本次估值提 升计划已经本行第七届董事会第九次会议审议通过。 本行拟通过坚持战略引领、完善公司治理、提升分红水平、强化投资者 关系管理、优化信息披露、争取股东支持、完善市值管理机制等举措提升公司 投资价值。 相关风险提示：本估值提升计划仅为本行行动计划，不代表本行对业 绩、股价、重大事件等任何指标或事项的承诺。本行业绩及二级市场表现受到 宏观形势、行业政策、市场情况等诸多因素影响，相关目标的实现情况存在不 确定性。 一、估值提升计划的触发情形及审议程序 证券代码：601998 证券简称：中信银行 公告编号：临 2025-028 中信银行股份有限公司关于估值提升计划的公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重 ...

根据《国有企业、上市公司选聘会计师事务所管理办法》 （财会〔2023〕4 号）的要求，中信银行股份有限公司（以下简 称"本行"）董事会审计与关联交易控制委员会对 2024 年度外部 审计机构毕马威华振会计师事务所（特殊普通合伙）及毕马威 会计师事务所（以下合称"毕马威"）的履职情况进行了评估， 具体情况如下： 一、会计师事务所基本情况 （一）毕马威华振会计师事务所（特殊普通合伙） 毕马威华振会计师事务所于 1992 年 8 月 18 日在北京成立， 于 2012 年 7 月 5 日获财政部批准转制为特殊普通合伙的合伙制 企业，更名为毕马威华振会计师事务所（特殊普通合伙）（以 下简称"毕马威华振"），2012 年 7 月 10 日取得工商营业执照， 并于 2012 年 8 月 1 日正式运营。毕马威华振总所位于北京，注 册地址为北京市东城区东长安街 1 号东方广场东 2 座办公楼 8 层。 毕马威华振的首席合伙人邹俊，中国国籍，具有中国注册会计 师资格。截至 2024 年 12 月 31 日，毕马威华振合伙人 241 人， 注册会计师 1,309 人，其中签署过证券服务业务审计报告的注册 1 会计师超过 300 ...