财经网×企业预警通App ◆监管之声 央行等印发行动方案，18条重磅举措提升上海跨境金融服务能级 中国人民银行、金融监管总局、国家外汇局、上海市人民政府联合印发《上海国际金融中心进一步提升跨境金融服务 便利化行动方案》，着眼于更好发挥上海国际金融中心在服务构建新发展格局中的特殊作用，支持各类主体更加安 全、便捷、高效参与国际竞争与合作。《行动方案》明确，优化外汇业务管理模式和展业流程。支持银行落实外汇展 业管理办法，实施外汇业务流程优化和系统再造，对企业进行外汇合规风险等级分级并提供差异化、便利化金融服 务。支持中国银行、中信银行、中国民生银行、花旗银行(中国)有限公司等试点银行在沪分行按新规定开展业务，支 持更多在沪银行参与。建立试点银行外汇业务尽职免责申述评议机制，支持银行就涉嫌违规行为进行申述，依托外汇 市场自律机制开展评议，合理判定银行"尽职尽责"情况，提升跨境金融服务质效。 ◆行业关注 存款利率"倒挂"或将持续 银行接踵降息缓解负债端压力 4月以来，中小银行又掀起新一轮"降息潮"。据不完全统计，4月份，全国多地农商行、村镇银行以及部分民营银行， 均对存款利率有不同程度下调，下调后的定期存款多数已经跌 ...

"自从民生银行推出'民生E链'福费廷自动放款业务，泡杯茶的功夫供应商就收到了融资款项，实在是太 便捷了！"近日，一家上海建筑施工企业相关负责人高兴地介绍。 该企业是上海市建筑工程承包、设计、施工领域的龙头企业，在日常经营中需频繁开立国内信用证向上 游供应商办理结算融资。民生银行"电子信用证"极大地减轻了企业操作负担，提升了业务放款效率。企 业负责人对此表示："作为首批体验民生银行福费廷自动放款功能的企业，我们充分享受到产品提供的 高效、便捷的融资服务，为民生银行点赞！" 信用证产品数字化迭代升级 作为首批对接人民银行"电子信用证信息交换系统"的试点银行之一，民生银行一直是国内信用证产品数 字化的创新先行者。通过持续迭代优化产品功能，民生银行"电子信用证"已支持企业足不出户即可享受 国内信用证开立、通知、交单、到单通知、确认付款以及福费廷融资在内的全流程线上服务，同步支 持"买方付息"、"代理交单"、"代理融资"、"分批交单"等细分场景服务业务模式线上办理。 近日，民生银行深耕产品数字化创新领域，推出"民生E链"之"电子信用证"福费廷自动放款功能，企业 通过民生银行网银或系统直连等渠道在线发起国内信用证福费廷业 ...

银行板块9股本月创新高 4月24日，银行板块逆市上涨，行业指数收盘涨1.16%，领跑市场，中国银行、农业银行、工商银行股价均创历史新高，收盘分别上涨2.1%、2%、 1.83%。从长线来看，本月以来共有9只银行股盘中股价创历史新高，其中建设银行、交通银行、江苏银行等6股在本周一刷新历史高点。 （原标题："大象股"也疯狂！这个板块密集新高） 本月以来，共有9只银行股盘中突破历史新高，包括工农中建四大国有银行股。去年四季度，银行股业绩明显改善，今年一季度亦有多股报喜。银 行板块现金分红金额有望再创新高，12股年度分红超百亿元。 数据显示，本月以来股价突破历史新高的9只银行股中，5股属于国有大型银行，除工农中建四大行外，交通银行亦上榜。4股属于城商行，包括北 京银行、上海银行、江苏银行、成都银行。创新高的银行股今年以来股价稳健上涨，上海银行年内涨幅达到15.52%，工农中建四大行年内涨幅均 在6%以上。 4月以来，市场行情持续震荡，银行板块作为高股息、低估值的避险资产颇受资金青睐。数据显示，农业银行、宁波银行、中信银行近5日获主力 资金净流入均在1亿元以上，此外工商银行、无锡银行、邮储银行获主力资金净流入超6000 ...

文 ｜ 肖斐斐 胡家俊 彭博 林楠 李鑫 已披露经营情况的6家银行情况看，一季度财务指标和资产质量总体稳健。此外，上周银行板块表 现乐观，核心驱动要素在于市场波动率加大背景下，银行板块受益于其稳定回报和股指权重的两大 优势。展望未来，短期看中美贸易摩擦对市场预期仍有影响，在此背景下低波板块具有配置价值 中期看，在宏观"审慎"和"走弱"的两种假设情形下，银行板块相对于大部分行业而言，基本面具备 相对稳健特征，相对价值显著，建议积极增配。 ▍ 事项： 截至2 0 2 5年4月2 0日，6家上市银行（包含1家大行，3家股份行及2家农商行）已披露2 0 2 5年一季 度业绩或经营情况。 ▍ 一季报汇总：整体稳健，分化延续。 已有6家银行披露业绩或经营预告，整体来看，银行扩表 策略积极，收入增长分化，资产质量稳定。 ▍ 投资观点：关注板块防御属性与确定性价值。 已披露经营情况的6家银行情况看，一季度财务指标和资产质量总体稳健。此外，上周银行板块 表现乐观，核心驱动要素在于市场波动率加大背景下，银行板块受益于其稳定回报和股指权重的 两大优势。展望未来，短期看中美贸易摩擦对市场预期仍有影响，在此背景下低波板块具有配置 价值 ...

Dividend and Share Information - The total cash dividend for the year 2024 is expected to be RMB 8.406 billion, with a distribution of RMB 0.62 per 10 shares for the final dividend and RMB 1.30 per 10 shares for the interim dividend[10]. - The total number of shares issued as of December 31, 2024, is 43.782 billion shares[10]. - The cash dividend distribution is subject to approval at the 2024 Annual General Meeting[10]. - The board meeting on March 28, 2025, approved the profit distribution plan for the year 2024[7]. - The company will provide further details regarding the timing of the 2024 Annual General Meeting and related arrangements in due course[10]. Financial Performance - The total operating income for the year reached CNY 133.12 billion, with a net profit attributable to shareholders of CNY 32.30 billion[17]. - Operating revenue for 2024 was RMB 133,123 million, a decrease of 3.11% compared to RMB 137,391 million in 2023[41]. - Net profit attributable to shareholders was RMB 32,296 million, down 9.85% from RMB 35,823 million in 2023[41]. - The non-performing loan ratio decreased to 1.47%, indicating stable asset quality[21]. - The total assets amounted to CNY 7.81 trillion, reflecting a year-on-year growth of 1.82%[17]. Risk Management and Compliance - The company has not identified any significant risks that would adversely affect its future development strategy and operational goals[10]. - The company has taken proactive measures to effectively manage various risks[10]. - The bank is committed to strict risk management and compliance, focusing on maintaining asset quality and risk control in key areas[31]. - The company's commitment to compliance and risk management is aimed at building trust and enhancing customer loyalty[39]. - The company has established a comprehensive internal capital adequacy assessment framework to ensure effective capital management and risk management[108]. Customer and Market Development - Retail customer numbers increased by 5.99% year-on-year, while private banking customer numbers rose by 12.48%[20]. - The bank aims to enhance financial services for key economic sectors and weak links in society[30]. - The number of technology-oriented enterprises served reached 114,300, an increase of 14% year-on-year, with loans to these enterprises totaling CNY 412.2 billion, up 8% from the previous year[132]. - The balance of inclusive small micro-enterprise loans was CNY 855.10 billion, with a year-on-year increase of CNY 63.89 billion; the average interest rate for these loans was 4.27%, down 38 basis points[136]. - The bank served over 45,000 clients in the supply chain finance sector, enhancing its digital and online service capabilities[148]. Asset and Liability Management - Total assets reached CNY 7.81 trillion, an increase of 1.82% compared to the previous year[26]. - Total liabilities amounted to CNY 7.16 trillion, growing by 1.72% year-on-year[26]. - The liquidity coverage ratio stood at 161.99%, exceeding the regulatory requirement of 100%[49]. - The total amount of loans and advances issued by the company reached RMB 4,450.48 billion, an increase of RMB 65.60 billion or 1.50% compared to the previous year[75]. - The total amount of non-performing loans (NPLs) in the real estate, manufacturing, and wholesale and retail sectors was RMB 26.84 billion, accounting for 79.44% of total company NPLs[94]. Technological Innovation and Digital Transformation - Minsheng Bank plans to embrace technological innovation and digital transformation to improve financial services and customer experience[31]. - The bank's digital financial development is driven by technology and data, with over 30 typical application scenarios implemented across eight major business areas[139]. - The group is focusing on enhancing financial services through fintech, aiming to improve service quality and efficiency for the real economy[54]. - The company actively explored digital finance and developed a digital investment research platform to enhance investment decision-making efficiency[177]. - The group has established a technology finance committee and specialized branches to enhance support for innovative enterprises, with a three-year plan for technology finance business implementation[131]. Sustainable Development and Green Finance - The balance of green credit increased by over 20% year-on-year, demonstrating a strong commitment to green finance[18]. - The MSCI ESG rating improved to "AAA," marking a significant achievement in sustainable development efforts[22]. - The balance of green credit reached CNY 323.46 billion, an increase of 22.41%, outpacing the average growth rate of all loans[134]. - The group has launched various innovative financial products, including carbon market services and green financing projects, to support the transition to a low-carbon economy[133]. - The group will continue to strictly implement national policies and regulatory requirements in the real estate sector, aiming for balanced development in volume, price, and quality[129]. Awards and Recognition - The bank has received multiple awards, including the 2023 Financial Technology Development Award and the 2024 MSCI ESG Rating of AAA[32]. - Minsheng Wealth received multiple industry awards, including the "Bank Wealth Management Company Excellence Award" and "Annual Cash Management Product Award" during the reporting period[178]. - Minsheng Jinzu received multiple industry awards, including "Annual Green Finance Benchmark Enterprise" and "Most Influential Financial Leasing Company" during the reporting period[174].

Financial Performance - Net profit attributable to shareholders for Q3 2024 was RMB 8,012 million, a decrease of 18.24% compared to the same period last year[5]. - Basic earnings per share for Q3 2024 were RMB 0.16, representing a 23.81% decrease compared to the same period last year[5]. - The net profit for the first nine months of 2024 was RMB 30,716 million, a decrease of 9.4% compared to RMB 33,837 million for the same period in 2023[45]. - The group's total comprehensive income attributable to shareholders for the nine months ended September 30, 2024, was RMB 32,296 million, a decrease from RMB 35,273 million in the same period of 2023, representing a decline of approximately 5.5%[47]. - The group's basic and diluted earnings per share for the nine months ended September 30, 2024, were RMB 0.60, down from RMB 0.67 in the same period of 2023, indicating a decrease of approximately 10.4%[46]. Asset and Liability Management - Total assets as of September 30, 2024, amounted to RMB 7,698,010 million, reflecting a 0.30% increase from RMB 7,674,965 million at the end of 2023[4]. - Total liabilities reached CNY 70,517.21 billion, an increase of CNY 145.57 billion or 0.21% compared to the end of the previous year[22]. - The total liabilities as of September 30, 2024, were RMB 7,051,721 million, slightly up from RMB 7,037,164 million as of December 31, 2023, indicating a growth of 0.02%[44]. - The bank's total equity attributable to shareholders was RMB 632,889 million, reflecting a 1.33% increase from RMB 624,602 million at the end of 2023[4]. - The bank's total equity as of September 30, 2024, was RMB 646,289 million, up from RMB 637,801 million as of December 31, 2023, reflecting an increase of 1.4%[44]. Loan and Deposit Trends - Total loans and advances reached RMB 4,441,038 million, up 1.28% from RMB 4,384,877 million year-over-year[4]. - Total deposits amounted to RMB 4,185,246 million, a decline of 2.28% from RMB 4,283,003 million year-over-year[4]. - The total deposits amounted to CNY 41,852.46 billion, a decrease of CNY 977.57 billion or 2.28% year-on-year, but increased by CNY 1,205.14 billion or 2.96% quarter-on-quarter[22]. - The loan balance for strategic customers (including discounts) was 1,243.239 billion yuan, an increase of 49.427 billion yuan from the end of the previous year[32]. - The small and medium enterprise loan balance was 932.614 billion yuan, reflecting an increase of 11.76% from the end of the previous year[32]. Non-Performing Loans and Risk Management - The non-performing loan ratio remained stable at 1.48% as of September 30, 2024[4]. - As of September 30, 2024, the total amount of non-performing loans reached RMB 65.63 billion, an increase of RMB 0.53 billion compared to the end of the previous year, with a non-performing loan ratio of 1.48% remaining stable[36]. - The coverage ratio for provisions stood at 146.26%, a decrease of 3.43 percentage points from the end of the previous year[36]. - The provision coverage ratio decreased to 146.26% from 149.69% at the end of 2023[4]. - The bank's capital adequacy ratio was reported at a healthy level, ensuring compliance with regulatory requirements and supporting future growth initiatives[44]. Income and Expense Analysis - Net interest income for Q3 2024 was RMB 25,161 million, down 2.76% year-over-year[5]. - The net interest income for the first nine months of 2024 was RMB 73,743 million, down from RMB 77,208 million in the same period of 2023, reflecting a decline of 4.3%[45]. - The group reported a decrease in fee and commission income, totaling RMB 16,796 million for the first nine months of 2024, compared to RMB 19,246 million in the same period of 2023, a decline of 12.5%[45]. - The group reported operating income of CNY 1,016.60 billion, a decrease of CNY 46.44 billion or 4.37% year-on-year, with the decline narrowing by 1.80 percentage points compared to the first half of the year[23]. - The bank's investment income for the first nine months of 2024 was RMB 15,529 million, an increase from RMB 11,513 million in the same period of 2023, marking a growth of 35.5%[45]. Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 194.6 billion in the first three quarters of 2024, a significant decline from RMB 123.54 billion in the same period of 2023[12]. - The group's cash and cash equivalents at the end of the period were RMB 183,142 million, down from RMB 208,794 million at the end of September 2023, reflecting a decrease of about 12.3%[50]. - The group's net cash flow from financing activities was RMB 135,593 million for the nine months ended September 30, 2024, compared to a negative cash flow of RMB 47,033 million in the same period of 2023[49]. - The liquidity coverage ratio was 154.33%, exceeding the regulatory requirement by 54.33 percentage points, indicating strong short-term liquidity risk resilience[39]. - The amount of high-quality liquid assets was RMB 1,025.82 billion, compared to RMB 1,125.73 billion at the end of the previous year[40]. Strategic Initiatives and Innovations - The group provided credit support exceeding CNY 4,100 billion to technology enterprises, with over CNY 1,100 billion specifically for specialized and innovative customers[24]. - The company launched innovative products such as "carbon rights mortgage financing" and "reduction loans" to support green development[25]. - The company has implemented a smart risk control system, enhancing the digital management capabilities in credit approval and post-loan management[35]. - The company expanded its digital financial services, enhancing user experience with over a thousand new payment options[28]. - The group aims to enhance its support for technology innovation enterprises through the establishment of a dedicated technology finance committee and the launch of various innovative financial products[24].

Dividend and Financial Reporting - The board approved a cash dividend of RMB 1.30 per 10 shares for all shareholders, subject to shareholder meeting approval[1]. - The financial report for the first half of 2024 has not been audited[1]. - The report period covers from January 1, 2024, to June 30, 2024[3]. - The report includes a comprehensive analysis of financial indicators and management discussions[2]. - The report will be made available on various media platforms and stock exchange websites[8]. Risk Management - The company has not identified any significant risks that could adversely affect its future development strategy and operational goals[1]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[1]. - The company is committed to effective risk management measures[1]. - The overall risk compensation capacity of commercial banks remains at a high level, supported by a package of policies aimed at stabilizing the real estate market[22]. - The bank is committed to supporting the stable development of the real estate market by addressing financing needs for various property enterprises and promoting affordable housing projects[152]. Financial Performance - Operating income for the first half of 2024 was RMB 65,589 million, a decrease of 6.12% compared to RMB 69,868 million in the same period of 2023[13]. - Net interest income decreased by 5.36% to RMB 48,582 million from RMB 51,334 million year-on-year[13]. - Net profit attributable to shareholders was RMB 22,474 million, down 5.48% from RMB 23,777 million in the first half of 2023[13]. - Total assets as of June 30, 2024, were RMB 7,551,013 million, a decrease of 1.62% from RMB 7,674,965 million at the end of 2023[14]. - Total loans and advances increased by 0.87% to RMB 4,423,227 million compared to RMB 4,384,877 million at the end of 2023[14]. Loan and Deposit Trends - Total deposits decreased by 5.10% to RMB 4,064,732 million from RMB 4,283,003 million at the end of 2023[14]. - The non-performing loan ratio improved slightly to 1.47% from 1.48% at the end of 2023[14]. - The total amount of loans classified as "concerned" reached RMB 122.913 billion, an increase of RMB 4.386 billion, with a ratio of 2.78%, up by 0.08 percentage points[64]. - The total amount of personal loans was RMB 1,749.63 billion, with an NPL amount of RMB 29.63 billion, resulting in an NPL ratio of 1.69%[71]. - The total amount of loans in the real estate sector decreased by RMB 5.898 billion, totaling RMB 340.400 billion[68]. Capital Adequacy and Financial Ratios - The capital adequacy ratio decreased to 12.30% from 13.14% at the end of 2023[14]. - The core tier 1 capital adequacy ratio was 9.35%, an increase of 0.07 percentage points from the end of the previous year[80]. - The liquidity coverage ratio was reported at 140.61%, above the regulatory requirement of 100%[16]. - The net stable funding ratio of the company is 104.78%, and the liquidity coverage ratio is 140.61%[59]. Shareholder Information - As of June 30, 2024, the total number of ordinary shares is 43,782,418,502, with 100% being unrestricted shares[166]. - The number of ordinary shareholders is 341,030, including 323,419 A-share holders and 17,611 H-share holders[169]. - The top 10 shareholders hold a combined total of 30.66% of the shares, with the largest being Hong Kong Central Clearing Limited at 18.93%[170]. - The company did not issue new ordinary shares during the reporting period, and there were no changes in the total number of shares[167]. - There are judicial freezes on 117,028,711 shares and judicial markings on 1,163,088,412 shares held by Dongfang Group[172]. Corporate Governance - The company emphasized the integration of party leadership with corporate governance, enhancing governance mechanisms and systems[191]. - The company maintained compliance with legal and regulatory requirements regarding corporate governance throughout the reporting period[191]. - The ninth board of directors was elected on June 26, 2024, during the annual general meeting, with nominations from the eighth board[197]. - The company has a diverse board composition, including independent directors and external supervisors, ensuring governance and oversight[196]. - The company continues to focus on strategic development and consumer rights protection through its board committees[198]. Digital Transformation and Innovation - The bank's digital finance initiatives included the launch of the "Cloud Data" model and improvements in mobile loan processing, achieving a 3-minute loan application and 1-minute disbursement[131]. - The bank is actively exploring the application of large model technology across eight areas, including smart marketing and risk control, to improve operational efficiency and customer experience[134]. - The bank has made significant progress in digital transformation, improving its information technology risk management system[160]. - The bank has strengthened its monitoring indicators for information technology risks, conducting regular assessments and optimizing risk control measures[160]. - The bank is focusing on digital transformation to improve marketing, operations, and risk management through technology upgrades[164].

Financial Performance - Operating income for the first half of 2024 was RMB 65,589 million, a decrease of 6.12% compared to RMB 69,868 million in the same period of 2023[8]. - Net interest income decreased by 5.36% to RMB 48,582 million from RMB 51,334 million year-on-year[8]. - Net profit attributable to shareholders was RMB 22,474 million, down 5.48% from RMB 23,777 million in the previous year[8]. - Total assets as of June 30, 2024, were RMB 7,551,013 million, a decrease of 1.62% from RMB 7,674,965 million at the end of 2023[9]. - Total loans and advances increased by 0.87% to RMB 4,423,227 million compared to RMB 4,384,877 million at the end of 2023[9]. - Total deposits decreased by 5.10% to RMB 4,064,732 million from RMB 4,283,003 million at the end of 2023[9]. - The bank's basic earnings per share for the first half of 2024 was RMB 0.43, down 6.52% from RMB 0.46 in the same period of 2023[8]. - The bank's cash flow from operating activities was negative at RMB -283,843 million, compared to RMB 108,631 million in the previous year[8]. Risk Management - The bank has not identified any significant risks that could adversely affect its future development strategy and operational goals[2]. - The bank's management has taken proactive measures to effectively manage various risks[2]. - The non-performing loan ratio improved slightly to 1.47% from 1.48% at the end of 2023[9]. - The provision coverage ratio stood at 149.26%, a slight decrease of 0.43 percentage points from the previous year[15]. - The liquidity coverage ratio was 140.61%, above the regulatory requirement of 100%[11]. - The leverage ratio was 6.92%, remaining compliant with the regulatory standard of ≥4.125[11]. Shareholder Information - China Minsheng Bank reported an interim profit distribution plan to pay a cash dividend of RMB 1.30 per 10 shares (including tax) to all shareholders[2]. - The total number of ordinary shareholders is 341,030, with 323,419 A-share holders and 17,611 H-share holders[157]. - The top ten shareholders hold a total of 18.93% and 10.30% of shares respectively, with the largest shareholder being Hong Kong Central Clearing Limited, holding 8,285,912,862 shares[158]. - The company has not issued new ordinary shares during the reporting period, maintaining a total of 43,782,418,502 shares[156]. Corporate Governance - The board of directors convened 11 meetings, discussing 76 proposals and reviewing 58 special reports[186]. - The supervisory board held 10 meetings, reviewing 30 proposals and 60 reports[187]. - The company strictly adhered to legal regulations and improved its corporate governance mechanisms during the reporting period[184]. - The company has appointed Cheng Fengchao and Liu Hanxing as independent directors during the 2023 annual general meeting, with their qualifications approved in February and March 2024 respectively[191]. Loan and Deposit Trends - Total loans and advances reached CNY 44,232.27 billion, an increase of CNY 383.50 billion or 0.87% year-on-year, accounting for 58.58% of total assets, up 1.45 percentage points[13]. - Total deposits amounted to CNY 40,647.32 billion, a decrease of CNY 2,182.71 billion or 5.10% year-on-year, with personal deposits growing steadily[13]. - The total amount of unused credit card limits was RMB 510.741 billion, a slight decrease of 0.77% from RMB 514.685 billion at the end of 2023[55]. Digital Transformation and Innovation - The company is focusing on digital transformation to enhance customer experience and operational efficiency[153]. - The bank's digital financial services have been enhanced, with continuous iteration of digital products and improved service capabilities[122]. - The company is actively exploring the application of large models and AIGC technologies to improve service efficiency and customer experience across various banking operations[125]. Economic Outlook - The banking industry is expected to face both opportunities and challenges in the second half of the year, with increased fiscal spending and local bond issuance anticipated to boost economic recovery[153]. - The optimization of deposit term structures and manual interest compensation adjustments are expected to alleviate pressure from narrowing net interest margins[153].

Financial Performance - Net profit attributable to shareholders for Q1 2024 was RMB 13,431 million, a decrease of 5.63% from RMB 14,232 million in Q1 2023[5] - Operating income for Q1 2024 was RMB 34,273 million, down 6.80% from RMB 36,773 million in the same period last year[5] - Basic earnings per share for Q1 2024 were RMB 0.31, a decline of 6.06% compared to RMB 0.33 in Q1 2023[5] - The net profit for the group for the first quarter of 2024 was RMB 13,487 million, a decrease of 5.8% compared to RMB 14,322 million in the same period of 2023[52] - The group reported a total operating income of RMB 34,273 million for Q1 2024, a decrease from RMB 36,773 million in Q1 2023, representing a decline of approximately 6.8%[52] - The net interest income for the group in Q1 2024 was RMB 24,262 million, down from RMB 25,369 million in Q1 2023, reflecting a decline of approximately 4.4%[52] - The group’s investment income for Q1 2024 was RMB 5,948 million, compared to RMB 4,108 million in Q1 2023, indicating a significant increase of approximately 45%[52] - For the three months ended March 31, 2024, the group's total comprehensive income was RMB 14,688 million, a decrease of 5% from RMB 15,462 million in the same period of 2023[54] Asset and Liability Management - Total assets as of March 31, 2024, amounted to RMB 7,727,511 million, representing a 0.68% increase from the end of 2023[4] - The total liabilities reached CNY 70,750.29 billion, an increase of CNY 378.65 billion or 0.54% compared to the end of the previous year[18] - The total liabilities of the group as of March 31, 2024, were RMB 7,075,029 million, compared to RMB 7,037,164 million as of December 31, 2023, indicating a slight increase of about 0.5%[49] - The group’s total equity as of March 31, 2024, was RMB 652,482 million, up from RMB 637,801 million as of December 31, 2023, reflecting an increase of about 2.5%[51] Loan and Deposit Activities - Total loans and advances increased by 2.60% to RMB 4,498,726 million compared to the end of 2023[4] - The total deposits amounted to CNY 42,526.03 billion, a decrease of CNY 304.00 billion or 0.71% year-on-year[18] - The balance of loans to the manufacturing sector was CNY 5,027.85 billion, increasing by CNY 392.98 billion or 8.48%[18] - The balance of small and medium-sized enterprise (SME) loans reached CNY 896.82 billion, an increase of CNY 54.61 billion, representing a growth of 6.48% compared to the end of the previous year[22] - The net cash flow from operating activities for the group was negative RMB 127,366 million, compared to a positive RMB 225,971 million in the same period of 2023[55] Non-Performing Loans and Risk Management - The non-performing loan ratio improved to 1.44% from 1.48% at the end of 2023[4] - The total amount of non-performing loans is CNY 64.974 billion, a decrease of CNY 1.23 billion compared to the end of last year, with a non-performing loan ratio of 1.44%, down 0.04 percentage points[38] - The bank's risk management has been enhanced, with a focus on optimizing credit structure and strict entry management to control new risks[38] Shareholder and Equity Information - The total equity attributable to shareholders increased by 2.34% to RMB 639,200 million compared to the end of 2023[4] - The number of ordinary shareholders reached 325,921 as of the end of the reporting period, with 308,219 A-share holders and 17,702 H-share holders[11] - The top 10 shareholders hold a total of 18.92% of H-shares and 10.30% of A-shares, with the largest shareholder being Hong Kong Central Clearing Limited[12] - The proportion of pledged shares reached 20% of the total equity, with efforts to reduce this ratio below 20% ongoing[13] Digital Transformation and Customer Engagement - The bank has continued to improve its digital transformation foundation, focusing on data value release and the construction of enterprise-level data lakes and integration architectures[37] - The bank's digital payment services have been upgraded, adding over 130 banks for credit card bill inquiries and automatic repayment services[36] - The total number of users added via WeChat reached 16.2764 million, an increase of 2.0763 million compared to the end of the previous year[26] - Retail online platform users reached 114.33 million, an increase of 1.48% from the previous year; monthly active users grew by 12.92% to 27.95 million[34] Government and Regulatory Compliance - Government subsidies received were 92 million RMB in Q1 2024, down from 132 million RMB in Q1 2023[8] - The bank has actively improved its corporate governance structure, enhancing the roles of independent directors and external supervisors[45]

Financial Performance - In 2023, the group achieved a net profit attributable to shareholders of RMB 35.823 billion, an increase of 1.57%[7] - As of the end of 2023, total equity attributable to shareholders reached RMB 624.6 billion, up by 4.11%[7] - Total assets amounted to RMB 7.67 trillion, reflecting a growth of 5.78%[7] - A cash dividend of RMB 2.16 per 10 shares (including tax) is proposed for distribution to all shareholders[2] - Operating income for 2023 was RMB 137,391 million, a decrease of 1.31% compared to RMB 139,219 million in 2022[24] - Net interest income decreased by 4.68% to RMB 102,431 million from RMB 107,463 million in the previous year[24] - Non-interest income increased by 10.09% to RMB 34,960 million, up from RMB 31,756 million in 2022[24] - The bank achieved a net profit attributable to shareholders of RMB 35.823 billion, an increase of 1.57% year-on-year[34] - The bank's total assets as of December 31, 2023, reached RMB 7,620,373 million, compared to RMB 7,199,972 million in 2022, marking an increase of 5.81%[107] Asset Quality and Risk Management - In 2023, the non-performing loan generation rate was 1.58%, a year-on-year decrease of 0.43 percentage points, marking three consecutive years of steady decline[9] - The bank achieved a reduction in non-performing loans, non-performing loan rates, and attention loan rates, with a notable improvement in asset quality[9] - Non-performing loan ratio decreased to 1.48%, down by 0.20 percentage points from the end of the previous year[12] - Provision coverage ratio increased to 149.69%, up by 7.20 percentage points from the end of the previous year[12] - The bank's bad loan ratio continued to decline, indicating improved asset quality management[33] - The total amount of non-performing loans for the group reached CNY 38.242 billion, a decrease of CNY 5.034 billion compared to the end of the previous year, with a non-performing loan ratio of 1.46%, down 0.34 percentage points year-on-year[135] - The coverage ratio for provisions increased compared to the end of the previous year, reflecting a stronger risk management stance[182] Digital Transformation and Innovation - The company launched innovative products such as "E-Creative Loan" and established a dedicated technology finance department[7] - The bank is committed to digital transformation, aiming to build an "ecological bank" and "smart bank" to support clients' digital transformation[12] - The bank's financial technology initiatives have enhanced service quality and efficiency across various sectors[33] - The bank has implemented a new three-year technology plan and its first data strategy to support digital finance initiatives[159] - The bank's digital marketing capabilities are now fully established, facilitating efficient online and offline marketing activities[160] - The bank's intelligent risk control system was enhanced with the launch of a multi-dimensional early warning model and intelligent collection system[163] Green Finance and Sustainable Development - The green credit balance grew at a rate of 47%[7] - The bank's MSCI ESG rating improved by two levels to "AA," reflecting industry recognition of its sustainable development practices[9] - The bank plans to increase green credit investments and innovate green financial service models[12] - The bank's green credit balance reached RMB 264.241 billion, an increase of 46.87% compared to the end of the previous year, outpacing the average growth rate of all loans[126] - The bank's green financial services have been recognized with multiple awards, including "Advanced Unit in Green Bank Evaluation" by the China Banking Association[126] Customer Engagement and Service Quality - The core enterprise customer count and financing balance doubled year-on-year, indicating significant growth in digital finance[7] - The cumulative number of pension accounts exceeded 1.7 million, with successful bids in 30 provincial-level pension plans[7] - The bank aims to enhance financial service quality and efficiency, focusing on supporting the real economy and optimizing business structures[10] - The bank's retail customer base reached 128.72 million, an increase of 5.65% year-over-year[139] - The bank's wealth management service system was enhanced, focusing on stable investment products to meet customer needs[141] Strategic Focus and Future Plans - The bank's strategic focus includes supporting high-tech and green industries to foster new productive forces[10] - The bank plans to deepen the integration of large, medium, and small enterprises, enhancing services for small and micro enterprises[10] - The company aims to enhance long-term confidence and resilience while cultivating new growth drivers in the transition of old and new economic dynamics[17] - The bank aims to optimize its asset business structure, focusing new credit resources on technology innovation, high-end manufacturing, and green finance[196] - The bank plans to accelerate its digital transformation by enhancing its organizational structure and improving data governance capabilities[196]