Core Viewpoint - The banking sector in Central China, particularly in Hubei, Hunan, Henan, and Jiangxi provinces, is experiencing differentiated development, with city commercial banks showing resilience and growth, while rural commercial banks face significant operational challenges [1][9]. Group 1: City Commercial Banks Performance - Among the nine city commercial banks, eight reported year-on-year revenue growth, with seven achieving both revenue and net profit increases, indicating strong operational resilience [1][3]. - Changsha Bank leads with a revenue of 25.936 billion yuan and a net profit of 7.909 billion yuan, becoming a crucial pillar of regional finance [1][5]. - The revenue growth rates for Shangrao Bank and Ganzhou Bank were 33.69% and 12.81%, respectively, highlighting the growth potential of smaller city commercial banks [1][5]. Group 2: Net Profit and Revenue Disparities - In terms of net profit, Changsha Bank achieved 7.909 billion yuan, significantly higher than Ganzhou Bank's 722 million yuan, showcasing a stark disparity among the banks [4][5]. - The net profit growth rates varied, with Ganzhou Bank experiencing a remarkable increase of 91.44%, while other banks maintained stable growth rates between 0.22% and 7.69% [6][5]. Group 3: Asset Quality and Growth - Changsha Bank's total assets exceeded 1 trillion yuan, reaching 1,146.768 billion yuan, while other banks maintained assets between 500 billion and 700 billion yuan [8]. - Five city commercial banks showed robust asset growth, with asset expansion rates exceeding 10% for banks like Hubei Bank and Changsha Bank [8]. Group 4: Rural Commercial Banks Challenges - The three rural commercial banks faced significant operational pressures, with Wuhan Rural Commercial Bank's net profit declining by 50.46% and Changsha Rural Commercial Bank's by 31.62% [2][11]. - Despite efforts to diversify income sources, the reliance on interest income remains high, constituting 70% to 90% of total revenue for these banks [13]. Group 5: Strategic Alignment with Regional Development - City commercial banks are increasingly aligning their strategies with regional economic development, as seen with Changsha Bank's focus on key industries such as engineering machinery and renewable energy [14]. - The differentiation in performance between city and rural commercial banks reflects not only financial metrics but also their responsiveness to regional development strategies and core competitiveness [16][17].

Core Insights - Jiangxi Bank reported a slight increase in revenue and net profit for 2024, with revenue at 11.559 billion RMB, up 2.32% year-on-year, and net profit at 1.098 billion RMB, also up 2.21% [1][2] - The bank's pre-tax profit, however, fell by 25.54% to 752 million RMB, primarily due to a significant tax credit of 345 million RMB, indicating weakened profitability when excluding this factor [1][2] - Asset impairment losses rose to 7.376 billion RMB, an increase of 10.68% year-on-year, reflecting pressures on asset quality management [2][3] Financial Performance - Interest income decreased by 2.32% to 19.426 billion RMB, while interest expenses also fell by 2.62% to 10.823 billion RMB, leading to a net interest income decline of 1.92% to 8.603 billion RMB [2] - Fee and commission income increased by 7.10% to 690 million RMB, with net fee and commission income rising by 7.86% to 563 million RMB [2] - Trading gains surged by 41.43% to 145 million RMB, and net income from financial investments rose by 46.31% to 2.219 billion RMB [2] Asset Quality and Loan Performance - Total assets reached 573.635 billion RMB, a 3.85% increase, with deposits at 390.933 billion RMB and net loans at 342.088 billion RMB, up 5.09% [3] - Non-performing loans (NPLs) increased to 7.588 billion RMB, with an NPL ratio of 2.15%, slightly down from the previous year but still above the industry average of 1.5% [3][6] - Specific sectors showed high NPL ratios, with the real estate sector at 17.81% and the wholesale and retail sector at 7.66% [3][6] Risk Exposure - The bank's top ten non-industry customer risk exposure totaled 27.589 billion RMB, accounting for 7.81% of total loans and 56.60% of tier one capital [7] - The largest single customer exposure was 3.428 billion RMB, nearing regulatory limits [7] - The bank's provision coverage ratio decreased to 160.15%, the lowest in five years, indicating potential vulnerabilities in risk management [7]

Group 1 - The core viewpoint emphasizes the importance of low-carbon transformation in traditional industries, highlighting the collaboration between financial institutions and agricultural enterprises to enhance productivity and reduce carbon emissions [1][2] - Jiangxi Bank provided a total credit of 180 million yuan to Ningcheng Agricultural Development Co., Ltd. to support the low-carbon transformation of its tea garden, which is expected to double the yield per mu while significantly reducing fertilizer and water usage [1] - The bank also issued a 10 million yuan loan for the digital transformation of Changwang Technology Co., Ltd., aiding in the establishment of an intelligent factory to address challenges such as resource constraints and inefficiency [2] Group 2 - Jiangxi Bank has established Jiangxi Province's first "carbon neutral outlet" in Fuzhou, focusing on green operations, paperless offices, and digital transformation [2] - The bank is developing specialized financial products like "Pingshan Carbon Account Performance Linked Loan" and "Green Transformation Loan" to support local industries in their low-carbon transition [2] - The initiatives align with the dual carbon goals, showcasing the potential of finance to facilitate green development [2]

Capital and Branch Network - The registered capital of Jiangxi Bank is RMB 6,024,276,901[4] - As of the end of the reporting period, Jiangxi Bank has 22 first-level branches and 232 business outlets covering all prefecture-level cities in Jiangxi Province[7] - The bank has established two branches outside Jiangxi Province, in Guangzhou and Suzhou[7] Awards and Recognition - Jiangxi Bank has been recognized as one of the "Top 500 Service Enterprises in China" for five consecutive years[7] - The bank received the third prize in the 2023 Financial Technology Development Award from the People's Bank of China[9] - Jiangxi Bank was awarded the "Outstanding Institution" for data quality work by the Credit Reference Center of the People's Bank of China in 2023[9] - The bank was recognized as a core dealer by the China Foreign Exchange Trading Center for its market influence in 2023[9] - Jiangxi Bank's ESG rating was assessed as "A" and it was included in the "Top 20 ESG Comprehensive Performance of City Commercial Banks" list[11] - The bank was recognized as the 9th city commercial bank in China to sign the UN Principles for Responsible Banking in 2024[21] Financial Performance - Net interest income for 2024 is RMB 8,602.62 million, a decrease of 1.92% compared to 2023[13] - Total operating income for 2024 is RMB 11,559.23 million, reflecting a growth of 2.32% from 2023[13] - Pre-tax profit decreased by 25.54% to RMB 752.33 million in 2024 compared to 2023[13] - Net profit attributable to shareholders for 2024 is RMB 1,056.92 million, an increase of 2.00% from 2023[13] - Total assets reached RMB 573,634.75 million in 2024, up 3.85% from 2023[15] - Non-performing loan ratio improved slightly to 2.15% in 2024 from 2.17% in 2023[15] - The liquidity coverage ratio increased significantly to 403.22% in 2024, up from 333.38% in 2023[15] - Basic earnings per share for 2024 is RMB 0.12, a rise of 9.09% compared to 2023[13] - The bank's total equity attributable to shareholders increased by 2.15% to RMB 47,784.46 million in 2024[15] - Total assets of the group increased by 3.85% compared to the end of the previous year[31] - Total loans and advances increased by 4.76% compared to the end of the previous year[31] - Total deposits increased by 2.55% compared to the end of the previous year[31] - Operating income increased by 2.63 million yuan year-on-year[31] - Net profit increased by 2.21% year-on-year[31] Loan and Deposit Growth - Customer base for corporate, individual, and inclusive finance segments grew by 10.57%, 5.64%, and 8.17% respectively[31] - Green loans increased by 26.45% year-on-year[22] - Digital economy sector loans increased by 75% year-on-year[22] - The number of inclusive financial service stations increased by 139, achieving full coverage in provincial and city-level counties[26] - The bank's green loan balance increased by RMB 8.251 billion, with a growth rate of 26.45% compared to the previous year[32] - The balance of inclusive small and micro loans grew by 14%, with a net increase over three years exceeding the balance of 2021[32] - The balance of inclusive small and micro enterprise loans under RMB 10 million reached RMB 52.602 billion, an increase of RMB 6.461 billion or 14.00% year-on-year, with a weighted average interest rate of 4.62%[155] - Agricultural loan balance was RMB 30.517 billion, up RMB 2.059 billion or 7.24% from the end of last year, serving 15,546 agricultural customers[156] Digital Transformation and Innovation - The bank launched new digital financial products, resulting in a 75% year-on-year increase in loans to key enterprises in the digital economy sector[32] - The online banking penetration rate reached 91%, with channel activity increasing by 13.15% compared to the previous year[179] - The number of corporate online banking customers grew by over 10% year-on-year[181] - The "Jiangxi Bank Micro Bank" WeChat public account had 1.1183 million followers, an increase of 9.25% from the previous year[182] - 18 out of 43 digital transformation projects planned for 2024-2026 have been completed by the end of 2024[184] - The new credit management system became the first fully domestically controlled banking system in Jiangxi Province[184] - The RPA platform has launched 52 various scenarios, saving over 14,000 working hours for business personnel throughout the year[185] Risk Management - The bank emphasizes a risk control strategy focusing on "controlling risks, reducing costs, and stabilizing growth" to enhance operational efficiency[193] - The bank has implemented a comprehensive risk management framework covering credit risk, market risk, liquidity risk, operational risk, and other risks[196] - Credit risk management measures include optimizing the risk management system and enhancing credit risk process control to prevent potential losses[200] - The bank has established a professional credit risk management team to improve the management of credit assets and enhance proactive risk control measures[200] - The bank aims to strengthen the collection and disposal of non-performing loans through targeted actions and innovative disposal methods[200] Community and Inclusive Finance - The company launched over 50 inclusive financial products, including "Digital Transformation Loan" and "Tax Rebate Pledge Loan," effectively meeting diverse financing needs[157] - The company has established 23 talent financial service centers to enhance financial services for talent enterprises[152] - The company aims to become a benchmark for green finance in Jiangxi Province, with a strategic focus on sustainable development[151] - The company has implemented differentiated marketing strategies to improve customer satisfaction and loyalty[136] - The company has actively engaged in low-cost deposit marketing to support major projects and enhance funding channels[137] Corporate and Personal Banking - The company's banking business revenue for 2024 was RMB 5,588.16 million, accounting for 48.34% of total revenue, while retail banking and credit card business revenue was RMB 2,937.52 million, representing 25.41%[135] - The financial market business generated revenue of RMB 2,992.10 million in 2024, which is 25.89% of total revenue, showing a growth compared to RMB 2,811.27 million in 2023[135] - The total number of personal customers reached 6.5722 million, an increase of 350,500 from the end of last year[158] - Personal deposit balance reached RMB 210.648 billion, an increase of RMB 25.072 billion or 13.51% year-on-year[161] - The personal comprehensive consumption loan issuance exceeded RMB 13 billion, supporting over 50,000 local residents' consumption needs[163] Financial Stability and Liabilities - The total liabilities of the group were RMB 525.054 billion, an increase of RMB 20.241 billion or 4.01% from the end of the previous year[97] - The total equity attributable to shareholders was RMB 47.78 billion, an increase of RMB 1.01 billion or 2.15% compared to the previous year[109] - The total off-balance sheet credit commitments amounted to RMB 58.53 billion, a decrease from RMB 61.37 billion in the previous year[112] - The total issued bonds reached RMB 65.47 billion, an increase of RMB 20.10 billion, influenced by the growth in interbank certificates of deposit and bond issuance[106]

Core Viewpoint - Jiangxi Bank has reversed its declining performance trend in 2024, achieving modest growth in revenue and net profit compared to previous years [1][3][4]. Financial Performance - In 2024, Jiangxi Bank reported operating income of 11.559 billion RMB, an increase of 2.32% year-on-year [1][3][4]. - The net profit for the year was 1.098 billion RMB, reflecting a growth of 2.21% compared to the previous year [1][3][4]. - The net profit attributable to shareholders was 1.057 billion RMB, up by 2.00% year-on-year [1][3][4]. Historical Performance Comparison - The bank's operating income in 2022 and 2023 was 12.714 billion RMB and 11.297 billion RMB, showing declines of 14.08% and 11.15% respectively [1][4]. - Net profits in 2022 and 2023 were 1.601 billion RMB and 1.074 billion RMB, with significant decreases of 24.20% and 32.90% respectively [1][4]. Revenue Breakdown - Interest income for 2024 was 19.425 billion RMB, down 2.32% from the previous year, while interest expenses decreased by 2.62% to 10.823 billion RMB [7][8]. - Net interest income fell to 8.603 billion RMB, a decrease of 1.92% year-on-year [7][8]. Asset and Liability Management - Total assets reached 573.635 billion RMB, a growth of 3.85% from the previous year [5][6]. - Total loans and advances amounted to 352.940 billion RMB, increasing by 4.76% year-on-year [5][6]. - Total liabilities were 525.054 billion RMB, up by 4.01% compared to the previous year [5][6]. Asset Quality - The non-performing loan (NPL) ratio was 2.15%, a slight decrease of 0.02 percentage points from the previous year [12][13]. - The total amount of non-performing loans was 7.588 billion RMB, compared to 7.299 billion RMB the previous year [12][13]. Management Changes and Legal Issues - The current leadership includes Zeng Hui as the Party Secretary and Chairman since August 2022, and Luo Xiaolin as the Deputy Party Secretary and President [1][15]. - Former Vice President Yu Jian is under investigation for multiple charges, including corruption and illegal loan issuance [2][15][16].

Group 1 - Jiangxi Bank Co., Ltd. has applied for a patent titled "A Work Plan Management Method and System," with publication number CN 119761789 A, and the application date is March 2025 [1] - The patent provides a method for real-time management of work plans, which includes obtaining annual development plans of target enterprises and receiving employee information [1] - The system generates initial work plans based on employee information and the annual development plan, allowing for real-time modifications and adaptive adjustments to create target work plans [1] Group 2 - Jiangxi Bank Co., Ltd. was established in 1998 and is located in Nanchang City, primarily engaged in monetary financial services [2] - The company has a registered capital of 602,427.6901 million RMB and has made investments in 10 enterprises, participated in 3,026 bidding projects, and holds 23 trademark information and 1 patent [2]

Financial Performance - Net interest income for 2024 is RMB 8,602.62 million, a decrease of 1.92% compared to 2023[15]. - Total operating income for 2024 is RMB 11,559.23 million, reflecting a growth of 2.32% from 2023[15]. - Pre-tax profit decreased by 25.54% to RMB 752.33 million in 2024 compared to 2023[15]. - Net profit attributable to shareholders for 2024 is RMB 1,056.92 million, a 2.00% increase from 2023[15]. - Total assets increased by 3.85% to RMB 573,634.75 million in 2024 compared to 2023[17]. - The liquidity coverage ratio significantly increased to 403.22% in 2024 from 333.38% in 2023[17]. - Basic earnings per share for 2024 is RMB 0.12, up 9.09% from 2023[15]. - The bank's cost-to-income ratio improved to 28.48% in 2024 from 30.60% in 2023[15]. - Operating income for the reporting period was RMB 11.56 billion, representing a year-on-year growth of 2.32%[45]. - Net profit for the period was RMB 1.10 billion, showing a 2.21% increase compared to the same period last year[45]. Asset and Loan Growth - Total loans and advances increased by 4.76% compared to the end of the previous year[33]. - Total deposits increased by 2.55% compared to the end of the previous year[33]. - The total amount of loans and advances issued reached RMB 352.9 billion, reflecting a growth of 4.76% year-on-year[44]. - The total loans and advances amounted to RMB 352.94 billion, an increase of RMB 16.05 billion or 4.76% compared to the previous year[117]. - The balance of inclusive small and micro enterprise loans under RMB 10 million reached RMB 52.602 billion, an increase of RMB 6.461 billion or 14.00% year-on-year, with a weighted average interest rate of 4.62%[157]. - The balance of loans for talent services reached RMB 5.24 billion, with a year-on-year increase of 33.41%[154]. - The balance of green loans amounted to RMB 39.45 billion, reflecting a growth of 26.45% year-on-year[153]. - The agricultural loan balance was RMB 30.517 billion, up RMB 2.059 billion or 7.24% year-on-year, serving 15,546 agricultural clients with a weighted average interest rate of 4.91%[158]. Risk Management - Non-performing loan ratio improved slightly to 2.15% in 2024 from 2.17% in 2023[17]. - The non-performing loan ratio decreased by 0.02 percentage points compared to the end of the previous year, indicating improved risk management[44]. - The total impairment provision for loans was RMB 12,144.79 million as of December 31, 2024, compared to RMB 12,930.81 million in the previous year[118]. - The company’s loan impairment provisions increased to RMB 11,670.85 million as of December 31, 2024, reflecting a significant rise in provisions for stage three loans[134]. - The distribution of overdue loans shows that 97.17% of loans were not overdue, while overdue loans totaled RMB 9,982.05 million, representing 2.83% of total loans as of December 31, 2024[125]. Awards and Recognition - Jiangxi Bank has been recognized as one of the "Top 500 Service Enterprises in China" for five consecutive years[9]. - The bank received the "Financial Technology Development Award" from the People's Bank of China in 2023[11]. - Jiangxi Bank was awarded the "Outstanding Institution" for data quality work by the Credit Reference Center of the People's Bank of China in 2023[11]. - The bank's ESG rating was assessed as "A" and it was included in the "Top 20 ESG Comprehensive Performance" list for city commercial banks in 2024[13]. - The bank was recognized as the 9th city commercial bank in China to sign the UN Principles for Responsible Banking[23]. Digital Transformation and Innovation - The bank launched new digital financial products, resulting in a 75% year-on-year increase in loans to key enterprises in the digital economy sector[34]. - The online banking penetration rate reached 91%, with channel activity increasing by 13.15% compared to the previous year[181]. - The "Jiangxi Bank Micro Bank" WeChat public account had 1.1183 million followers, an increase of 9.25% from the previous year[184]. - 18 out of 43 digital transformation projects planned for 2024-2026 have been completed by the end of 2024[186]. - The new credit management system became the first fully domestically controlled banking system in Jiangxi Province[186]. Customer Base and Services - Customer base for corporate, individual, and inclusive finance segments grew by 10.57%, 5.64%, and 8.17% respectively[33]. - The number of corporate clients exceeded 100,000, representing a year-on-year growth of 10.57%[138]. - The company expanded its retail customer base to 6.5722 million, an increase of 350,500 customers compared to the end of the previous year[160]. - Personal comprehensive consumption loans issued exceeded RMB 13 billion, supporting over 50,000 local residents' consumption needs, with the "Jiangyin Quick Loan" balance increasing by over RMB 1.9 billion or over 38% year-on-year[165]. - The number of customers signing up for four or more internet payment channels increased by 15.54% compared to the end of the previous year[168]. Green Finance Initiatives - The bank issued 6 billion RMB in green financial bonds, marking a significant step in promoting green finance[34]. - The company has implemented a strategy for green finance, aiming to become a benchmark in green financial services in Jiangxi Province[153]. - The bank's green loan balance increased by 8.251 billion RMB, with a growth rate of 26.45% compared to the previous year[34]. Operational Efficiency - The bank's operating expenses decreased by 5.36% year-on-year, and the cost-to-income ratio fell by 2.12 percentage points[38]. - The total asset impairment loss for the reporting period was RMB 7.376 billion, an increase of RMB 711.81 million or 10.68% compared to the same period last year[80]. - The company achieved a 0% failure rate in system operations through the establishment of seven key operational support teams[190].

Group 1 - The National Financial Supervision Administration of China announced administrative penalties against Jiangxi Bank's Pingxiang branch for illegal handling of risk assets related to investment income [1] - The Pingxiang branch was fined 400,000 yuan for its violations [1] - Chen Wei, the former branch manager, received a warning and a fine of 70,000 yuan, while Wang Dongshan, the former general manager of the corporate finance department, was also warned and fined 60,000 yuan [1]

Financial Performance - Net interest income for the first half of 2024 was RMB 3,987.32 million, a decrease of 11.03% compared to RMB 4,481.64 million in 2023[12] - Total operating income increased by 6.48% to RMB 5,748.29 million from RMB 5,398.52 million year-on-year[12] - The net profit attributable to shareholders decreased by 48.15% to RMB 623.25 million from RMB 1,201.98 million in the previous year[12] - The bank's basic earnings per share dropped by 50.00% to RMB 0.10 from RMB 0.20 in the previous year[12] - The average return on total assets decreased to 0.23% from 0.47%, showing a decline in profitability[12] - The net profit for the period was RMB 645 million, a decrease of RMB 581 million compared to the same period last year[28] - The net profit attributable to shareholders was RMB 623.25 million, down RMB 578.73 million or 48.15% year-on-year, indicating significant profitability challenges[38] Asset Quality - The non-performing loan ratio rose to 2.53% from 2.17% in the previous year, indicating a deterioration in asset quality[14] - The bank's asset impairment losses increased by RMB 1.23 billion or 50.58%, reflecting a rise in credit risk and potential defaults[38] - The total impairment provision increased to RMB 15,198.46 million, up from 12,930.81 million as of December 31, 2023[109] - The total amount of non-performing loans was RMB 88,724.00 million, an increase from RMB 72,990.50 million as of December 31, 2023, indicating a rise in the NPL ratio from 2.17% to 2.53%[109] - The overdue loans totaled RMB 18,908.40 million, accounting for 5.39% of total loans[124] Capital and Liquidity - The capital adequacy ratio decreased to 13.22% from 13.55% in the previous year, reflecting a decline in capital strength[14] - The liquidity coverage ratio fell to 301.62% from 333.38%, indicating a decrease in liquidity buffer[14] Loans and Advances - The total loans and advances reached RMB 350.795 billion, an increase of RMB 13.906 billion from the end of last year[22] - The total amount of loans and advances issued was RMB 350.80 billion, an increase of RMB 13.91 billion or 4.13% from the end of 2023[108] - The group issued loans and advances totaling RMB 372.75 billion, an increase of 51.94% compared to RMB 245.33 billion in the same period last year[70] - The balance of long-term loans to the manufacturing sector increased by 14.97% compared to the end of the previous year, with loans to technology enterprises amounting to RMB 10.561 billion[158] Deposits - The total deposits amounted to RMB 383.244 billion, up by RMB 2.032 billion compared to the end of the previous year[22] - The balance of personal deposits exceeded RMB 200 billion, reaching RMB 202.376 billion, an increase of RMB 16.800 billion, growing by 9.05%[171] Financial Investments - The total amount of financial investments was RMB 164.39 billion, slightly up from RMB 163.77 billion at the end of 2023[87] - Financial investment income surged to RMB 1.35 billion, up RMB 956.59 million or 243.04%, highlighting strong performance in investment activities[38] Operational Efficiency - Operating expenses decreased by RMB 189 million to RMB 1.411 billion, a decline of 11.82% year-on-year[28] - The bank's total operating expenses decreased by RMB 189.15 million or 11.82%, reflecting cost control measures implemented during the period[38] Customer Base and Services - The number of corporate clients increased to 97,600, up by 5,847 from the end of the previous year[23] - The total number of individual customers reached 6.3681 million, an increase of 146,400 compared to the end of the previous year[169] - The number of corporate electronic channel customers grew by 6.37% year-on-year, with an effective customer signing rate of 84.43%[199] Digital Transformation - The company has enhanced its digital transformation efforts, expanding the breadth and depth of financial services through various electronic channels[196] - The company launched new features in its mobile banking, including online customer consultation and remote non-site due diligence services[199] Awards and Recognition - The bank received multiple awards in 2024, including recognition for its digital agricultural financial service platform, indicating a focus on innovation and market expansion[8]

Financial Performance - As of the end of 2023, Jiangxi Bank's total assets reached RMB 552.345 billion, with total deposits of RMB 381.212 billion and total loans and advances of RMB 336.890 billion[24]. - The bank achieved an operating income of RMB 11.297 billion and a net profit of RMB 1.074 billion for the year 2023[24]. - Total operating income decreased by 11.15% to RMB 11,296.64 million from RMB 12,714.04 million in 2022[27]. - Net profit attributable to shareholders decreased by 33.13% to RMB 1,036.19 million from RMB 1,549.55 million in 2022[27]. - The group’s pre-tax profit for the period was RMB 1,010.35 million, compared to RMB 1,680.96 million in the previous year, indicating a decrease of approximately 39.8%[118]. - The bank's financial investment income decreased by 28.77% to RMB 1.52 billion, reflecting adjustments in investment strategies[43]. Asset and Liability Management - Total assets increased by 7.13% to RMB 552,345.38 million compared to RMB 515,572.66 million in 2022[28]. - The total liabilities of the group were RMB 504.813 billion, an increase of RMB 36.055 billion, reflecting a growth of 7.69%[84]. - The liquidity coverage ratio improved to 333.38% from 323.78% in 2022[28]. - The balance of qualified high-quality liquid assets was RMB 52.94 billion, with a net cash outflow of RMB 15.88 billion over the next 30 days[160]. Loan and Deposit Growth - The total amount of loans and advances issued by Jiangxi Bank was RMB 336.890 billion, reflecting an increase of 8.16% year-on-year[36]. - The total deposits absorbed by Jiangxi Bank amounted to RMB 381.212 billion, marking an 8.08% increase from the previous year[36]. - The average balance of loans and advances increased to RMB 326.982 billion, while the average balance of financial investments decreased to RMB 117.643 billion[50]. - The balance of inclusive small and micro enterprise loans under RMB 10 million reached RMB 46.141 billion, an increase of RMB 10.754 billion, or 30.39% year-on-year[133]. Risk Management - The bank's focus on risk management led to a stable overall asset quality, with enhanced control over credit risk and a dynamic monitoring of liquidity risk[38]. - The non-performing loan ratio slightly improved to 2.17% from 2.18% in 2022[28]. - The group has established a risk management framework that includes credit risk, liquidity risk, market risk, operational risk, and other risks, ensuring comprehensive risk governance[157]. - The group has maintained a prudent liquidity risk management strategy, dynamically monitoring the maturity of assets and liabilities to ensure a reasonable match[160]. Digital Transformation and Innovation - Jiangxi Bank emphasizes digital transformation and aims to provide high-quality financial services to various customer segments[24]. - The bank's focus on digital transformation has led to the establishment of a large technology organizational structure and the implementation of a "four self model" for integrated research and investment platforms[32]. - The group is advancing digital transformation with a "432N" strategy, outlining specific implementation paths for 2024-2026[151]. - The bank has implemented a digital transformation strategy, integrating multiple online marketing platforms and enhancing service efficiency through big data and AI technologies[38]. Customer Base and Service Expansion - The bank has established 110 "Jiangyin Love the Elderly" community activity centers to improve services for the elderly population[33]. - The number of micro and small enterprise loan customers increased by 24.38%, while the total number of corporate customers grew by 16.23%, achieving the best historical level[37]. - The bank's retail financial services saw a 4.52% increase in total personal customers, with a 7.64 percentage point rise in the fund retention rate for payroll customers[37]. - The bank's electronic payment signed customer base reached 2.085 million, an increase of 8.51% year-on-year[139]. Strategic Initiatives - The bank's future strategy includes deepening reforms and enhancing services to support the local economy and small and medium-sized enterprises[24]. - Jiangxi Bank aims to enhance its governance and service to the real economy while managing risks effectively[31]. - The bank aims to achieve the annual goals of "two stabilizations, two advancements, and three improvements" in 2024, focusing on modern industrial system construction and digital empowerment[34]. - The bank's strategy focuses on high-quality development and reform transformation in line with national policies[31]. Shareholder Structure and Capital Management - Jiangxi Bank's total issued share capital as of December 31, 2023, is RMB 6,024,276,901, consisting of 1,345,500,000 H-shares and 4,678,776,901 domestic shares[178]. - The largest shareholder, Jiangxi Provincial Transportation Investment Group, holds 937,651,339 shares, representing 15.56% of the total share capital[181]. - The bank's shareholder structure includes significant state-owned entities, such as Jiangxi Provincial Transportation Investment Group and Jiangxi Provincial Financial Holding Group[190]. - The net amount of core tier 1 capital increased to RMB 37,227.26 million from RMB 36,366.53 million in the previous year, reflecting a growth in capital management[174].