Core Insights - Harbin Bank and Chengdu New Hope Financial Information Co., Ltd. signed a strategic cooperation agreement to enhance digital growth, intelligent risk control, and digital customer operations, accelerating the integration of traditional finance and modern technology [2][3] - The newly launched digital product "Qian Dao Jia" includes consumer loans and business loans, utilizing big data and artificial intelligence for real-time risk control and automated approval, transforming the credit decision-making process from experience-driven to data-driven [2][3] - "Qian Dao Jia" offers personalized product recommendations and dynamic credit adjustments based on customer profiles, shifting financial services from standardized offerings to customized experiences [2][3] Digital Transformation Initiatives - Harbin Bank has initiated the "Digital Ha Xing" project, implementing ten foundational projects to reconstruct its management and financial service system, focusing on innovation, collaboration, and agility [3] - The "Qian Dao Jia" consumer loan product integrates into residents' daily life scenarios, allowing loan applications via WeChat mini-program, with approval and disbursement completed in as little as one minute, offering loans up to 800,000 yuan [3] - The business loan product targets the financing needs of small and micro enterprises, providing up to 1 million yuan in unsecured loans, aligning with government measures to support small business financing [3] Future Directions - New Hope Group's CEO emphasized the commitment to delivering and innovating the "Qian Dao Jia" project, aiming for enhanced business efficiency, service innovation, and user experience [4] - Harbin Bank plans to leverage the "Qian Dao Jia" brand to advance digital capabilities and service ecosystem upgrades, focusing on collaborations with established brands and core enterprises in sectors like ice and snow economy and green economy [4] - The bank aims to strengthen its digital risk control system by integrating various governmental data sources to lower loan application barriers for small micro clients, enhancing loan accessibility for high-tech talents and new citizens [5]

Core Viewpoint - Harbin Bank and Zhongqi Yunlian Co., Ltd. have signed a comprehensive strategic cooperation agreement to enhance supply chain finance through a digital platform, aiming to create an ecosystem that bridges the gap between core enterprises and financial institutions, thereby supporting the high-quality development of the real economy [2][3]. Group 1 - The strategic cooperation will leverage a digital supply chain finance platform to establish an ecosystem involving core enterprises, financial institutions, and suppliers, facilitating online business processes and information sharing [2]. - The partnership aims to alleviate financial pressure on core enterprises by optimizing accounts receivable management and injecting financial momentum into the real economy [2]. - Both parties will focus on key regions such as Liaoning, Southwest, and Beijing-Tianjin, utilizing financial technology to innovate supply chain finance products and services [2]. Group 2 - Zhongqi Yunlian's chairman emphasized the integration of finance, technology, and industry to explore innovative models that enhance efficiency and reduce costs for real enterprises [3]. - Harbin Bank has positioned supply chain finance as a crucial tool for serving the real economy and promoting high-quality inclusive finance, transitioning from single product sales to diversified, integrated financial services [3]. - The bank aims to create a new financial service model that seamlessly integrates products and services into the supply chain, enhancing the overall service efficiency [3].

Core Viewpoint - Jiangsu Bank has received approval from the Ningbo Financial Regulatory Bureau to open a branch in Ningbo, marking a significant step in the bank's expansion strategy through the acquisition of a local village bank [1][2]. Group 1: Acquisition and Expansion Strategy - Jiangsu Bank approved the acquisition of Ningbo Jiangbei Fumin Village Bank to establish its branch, which had been kept confidential due to regulatory uncertainties [2]. - The establishment of branches in provinces outside their home base is now being facilitated through the acquisition of village banks, indicating a shift in regulatory stance [3][4]. - The newly formed branch will inherit the assets, liabilities, and operations of the acquired village bank, which had total assets of over 200 million yuan and reported a net loss of 688,000 yuan as of November last year [4]. Group 2: Regulatory Context - Historically, city commercial banks faced strict regulations on cross-regional expansion, with significant restrictions imposed since 2011 [5]. - Recent approvals for cross-regional acquisitions, such as those by Jiangsu Bank and Harbin Bank, suggest a potential easing of these restrictions, although industry insiders believe this will not become a standard practice [6][7]. - The ongoing reforms in small and medium-sized banks, including the restructuring of village banks, have led to a notable increase in approvals for acquisitions and dissolutions, with 26 approvals granted in the current year alone [6].

Core Viewpoint - The successful implementation of the first online cross-border settlement business for border residents in Heilongjiang Province marks a significant step in empowering the economic development along the border [1][3]. Group 1: Financial Services Innovation - Harbin Bank has introduced a new settlement scheme for border residents' mutual market trade, enhancing convenience and efficiency in cross-border transactions [1]. - The bank collaborates with Heilongjiang Longrui Asset Management Co., leveraging the "Cross-Border Digital Financial Platform" and the "Heilongjiang Provincial Foreign Trade Group Digital Import and Export Comprehensive Service Platform" to optimize services for border residents [1][3]. - The new service system integrates account management, payment, clearing, data statistics, declaration, and risk management, fulfilling the financial service needs of border residents [1]. Group 2: Digital Transformation and Future Plans - Harbin Bank's "Cross-Border Digital Financial Platform" serves as a digital engine supporting the development of new foreign trade formats, providing automated cross-border payment services and compliance management [3]. - The border residents' mutual market cross-border settlement service is a significant upgrade, aiming to inject compliant and efficient financial resources into border trade [3]. - The bank plans to continue leveraging its financial technology advantages to promote the scale and intensive transformation of border residents' mutual market trade, contributing to a higher level of openness in border areas [3].

华夏时报（www.chinatimes.net.cn）记者 卢梦雪 见习记者 张萌 北京报道 在业绩高速增长的背后，哈尔滨银行的资产质量却呈现出"冰火两重天"的局面。截至2024年末，该行不良贷款率 虽较上年末下降0.03个百分点，却仍高达2.84%，超过同业水平。受此影响，该行自2020年以来的信用减值损失持 续处于较高水平，极大侵蚀了净利润。 作为东北地区第一家上市银行，哈尔滨银行的业绩表现向来备受关注。 2024年年报显示，哈尔滨银行全年实现营业收入142.43亿元，同比增长7.56%；实现净利润10.82亿元，同比飙升 21.88%。这一增速在上市银行中名列前茅。 资产质量承压之下，如何破局？ 5月14日，哈尔滨银行在接受《华夏时报》记者采访时表示，该行改革化险工作取得积极进展，各项经营指标稳中 有进，保持企稳向好的良好态势。未来，该行将继续推动公司同业、零售小微、跨境金融协同发展，形成独具特 色的竞争优势。 净利润重回增长轨道 自2022年起，哈尔滨银行结束了之前的业绩下滑，重回增长轨道。 年报数据显示，2022年，哈尔滨银行实现营业收入及净利润分别为128.71亿元、7.13亿元，同比分别增长4. ...

Core Insights - The report highlights the performance of 30 A-share and H-share listed city commercial banks in terms of non-performing loan (NPL) ratios for the year 2024, with Harbin Bank having the highest NPL ratio at 2.84% [1][2] - Chengdu Bank recorded the lowest NPL ratio at 0.66%, showing a slight decrease from the previous year [1][2] - Overall, 20 city commercial banks saw a decrease in their NPL ratios, while 5 banks experienced an increase, and 5 banks maintained the same ratio compared to the previous year [1] NPL Ratio Summary - Harbin Bank: NPL ratio of 2.84%, down from 2.87% in 2023 [2] - Chengdu Bank: NPL ratio of 0.66%, down by 0.02 percentage points from 0.68% in 2023 [2] - Other banks with NPL ratios below 1% include Xiamen Bank, Ningbo Bank, Hangzhou Bank, Nanjing Bank, Suzhou Bank, Jiangsu Bank, and Huishang Bank [1][2] - Notable increases in NPL ratios were observed in Jiujiang Bank (up 0.10 percentage points) and West Xi'an Bank (up 0.37 percentage points) [2] - The majority of banks, 20 out of 30, reported a decrease in NPL ratios, indicating an overall improvement in asset quality within the sector [1]

Core Viewpoint - The asset quality data of 30 listed city commercial banks in 2024 shows significant divergence, with varying non-performing loan (NPL) ratios and provision coverage ratios reflecting different operational strategies and regional economic impacts [1][3][5]. Non-Performing Loan Ratios - Chengdu Bank has the lowest NPL ratio at 0.66%, continuing a three-year improvement trend, while Harbin Bank has the highest at 2.84% [1][3]. - The first tier of banks, including Chengdu, Xiamen, Hangzhou, Ningbo, Nanjing, and Suzhou, all maintain NPL ratios below 1% [3]. - The second tier consists of 17 banks with NPL ratios between 1% and 2%, indicating manageable risk levels despite narrowing net interest margins [3]. - The tail end, including Harbin Bank and Shengjing Bank, shows NPL ratios exceeding 2%, with Harbin Bank slightly decreasing from 2.89% in 2022 to 2.84% in 2024 [3][4]. Provision Coverage Ratios - Hangzhou Bank leads with a provision coverage ratio of 541.45%, significantly above the regulatory requirement of 150%, despite a decline from its peak [4]. - Suzhou Bank and Chengdu Bank follow with coverage ratios of 483.50% and 479.29%, respectively, forming a quality defense line in the Yangtze River Delta and Chengdu-Chongqing regions [4]. - A middle tier of 14 banks has coverage ratios between 200% and 400%, indicating basic coverage of regional economic risks, but some banks show signs of accelerated provision consumption [4]. Regional Economic Impact - The asset quality is closely linked to regional economic vitality, with the Chengdu-Chongqing economic circle providing unique advantages for Chengdu Bank, which saw a 21% year-on-year increase in infrastructure loans [5][6]. - The Yangtze River Delta shows a mixed performance, with Hangzhou and Ningbo maintaining low NPL ratios due to strengths in digital economy and advanced manufacturing [6]. - The Northeast region faces significant pressure, exemplified by Harbin Bank's high NPL ratio, while Qingdao Bank benefits from the marine economy transformation, keeping its NPL ratio at 1.14% [6].

Core Viewpoint - Harbin Bank (06138) reported its 2024 annual results, showing a revenue of 14.243 billion yuan, a year-on-year increase of 7.56%, and a net profit attributable to shareholders of 920 million yuan, up 24.28% year-on-year [3] Financial Performance - The company achieved a total operating revenue of 14.243 billion yuan, reflecting a growth of 7.56% compared to the previous year [3] - The net profit attributable to shareholders reached 920 million yuan, marking a 24.28% increase year-on-year [3] - The net cash flow from operating activities was 20.676 billion yuan, which represents a decline of 55.13% year-on-year [29] - Basic earnings per share were 0.03 yuan, with a weighted average return on equity of 1.46%, an increase of 0.26 percentage points from the previous year [25][3] Valuation Metrics - As of April 28, the price-to-earnings ratio (TTM) for Harbin Bank was approximately 3.27 times, the price-to-book ratio (TTM) was about 0.06 times, and the price-to-sales ratio (TTM) was around 0.21 times [3] Revenue Composition - The revenue composition for 2024 included retail financial services contributing 6.4472 billion yuan, corporate financial services at 5.3151 billion yuan, and interbank financial services at 2.4036 billion yuan [18] Asset and Liability Changes - As of the end of 2024, the company's monetary funds increased by 56.36% compared to the previous period, while loans and advances rose by 17.5% [32] - The total deposits and interbank deposits increased by 8.11%, while the amount of sold repurchase financial assets surged by 225.46% [35]

Financial Performance - Net interest income for 2024 reached RMB 9,836.9 million, an increase of 3.01% compared to RMB 9,549.0 million in 2023[20]. - Total operating income increased by 7.56% to RMB 14,243.2 million in 2024 from RMB 13,241.7 million in 2023[20]. - Net profit attributable to shareholders of the parent company rose by 24.28% to RMB 919.7 million in 2024, up from RMB 740.0 million in 2023[20]. - The total assets of the company increased by 12.65% to RMB 916,231.9 million in 2024, compared to RMB 813,328.7 million in 2023[23]. - The net profit for 2024 was RMB 1.0824 billion, showing a significant increase of 21.88% compared to the previous year[27]. - The operating income for 2024 was RMB 14.2432 billion, representing a year-on-year growth of 7.56%[27]. - The company achieved a pre-tax profit of RMB 651.4 million and a net profit of RMB 1.0824 billion, representing a year-on-year increase of 21.9%[67]. - The company reported a total credit impairment loss of RMB 8,073.1 million for the year, compared to RMB 6,957.9 million in the previous year[163]. Asset and Loan Growth - As of December 31, 2024, the total assets of Harbin Bank amounted to RMB 916.2319 billion[13]. - The total customer loans and advances reached RMB 379.0939 billion as of December 31, 2024[13]. - Total customer deposits were RMB 693.6794 billion at the end of 2024[13]. - The loan balance stood at RMB 379.0939 billion, reflecting a growth of 17.30% year-on-year[27]. - Customer loans and advances totaled RMB 379,093.9 million in 2024, reflecting a growth of 17.30% from RMB 323,182.7 million in 2023[23]. - The total amount of customer loans and advances was RMB 379.0939 billion, an increase of RMB 55.9112 billion or 17.3% year-on-year[110]. - The total amount of personal loans was RMB 117.7799 billion, with an NPL amount of RMB 5.8556 billion, resulting in an NPL ratio of 4.97%[149]. Risk Management and Loan Quality - The non-performing loan ratio decreased to 2.84% in 2024 from 2.87% in 2023[23]. - The provision coverage ratio improved to 202.59% in 2024, up from 197.38% in 2023[23]. - The bank's non-performing loan (NPL) ratio was 2.84% as of December 31, 2024, a slight decrease from 2.87% in the previous year[140]. - The provision coverage ratio increased to 202.59%, up by 5.21 percentage points compared to the end of 2023[138]. - The overdue loans accounted for 13.6% of total loans as of December 31, 2024, a decrease of 1.2 percentage points compared to the previous year[157]. - The company implemented proactive risk management strategies, focusing on controlling new overdue loans as a key operational priority[157]. Digital Transformation and Innovation - The company plans to enhance its digital banking capabilities, including the launch of cross-border clearing and new mobile banking services by 2025[45]. - The bank has implemented a digital transformation in risk management to enhance risk identification and decision-making processes[138]. - The bank's digital transformation efforts are focused on enhancing customer experience and optimizing product functionality through technology[176]. Market Position and Recognition - The company ranked 183rd in the "2024 Global Bank 1000" list by The Banker and 282nd in the "2024 Global Bank Brand Value 500" list by Brand Finance[14]. - The company achieved 42nd place in the "2024 Top 100 Chinese Banks" list published by the China Banking Association[15]. - The company received the "2024 Digital Financial Gold List Mobile Banking Channel Integration Innovation Award" from CFCA and other organizations[15]. - The "Ice Shield Anti-Fraud Platform" won the "2024 Banking Risk Control Excellence Product Award" at the CIFS Fifth China Banking Digital Summit[15]. Customer and Deposit Growth - Retail deposits amounted to RMB 499.977 billion, representing a growth of 12.33% compared to the end of the previous year[43]. - The average balance of customer deposits reached RMB 667.803 billion in 2024, compared to RMB 629.5179 billion in 2023, indicating a growth of 6.1%[85]. - The bank achieved a market share of 19.65% in retail deposits in Harbin, maintaining the top position for seven consecutive years[174]. Corporate and Financial Services - The total balance of corporate deposits as of December 31, 2024, was RMB 193.7024 billion, indicating enhanced deposit stability[185]. - The total amount of corporate loans reached RMB 205.405 billion, an increase of RMB 21.3999 billion from the beginning of the year, accounting for 54.2% of the total loan amount[188]. - The pre-tax profit from corporate financial services was RMB 249.3 million, accounting for 38.3% of the company's total pre-tax profit[182]. - The operating income from corporate financial services was RMB 5.3151 billion, an increase of RMB 673.5 million compared to the same period last year, representing 37.3% of the company's total operating income[182]. Strategic Initiatives and Future Plans - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming year[19]. - The company aims to achieve a balanced development of scale, structure, quality, and efficiency, transitioning from scale-driven growth to value creation[46]. - The company plans to optimize its asset portfolio and credit structure while expanding funding sources to stabilize net interest margin and yield in 2025[60]. - The company aims to enhance capital management and ensure capital levels remain above regulatory requirements in 2025[62].

Core Viewpoint - Harbin Bank is enhancing its services for the elderly by introducing "Elderly Financial Specialty Services" to facilitate pension certification and other financial transactions, addressing the challenges faced by senior citizens in the digital age [1][2][3] Group 1: Service Implementation - Harbin Bank has launched a series of services aimed at assisting elderly clients with pension certification, allowing them to complete these processes with the help of bank staff [1][2] - The bank has established self-service devices across its branches to streamline the pension certification process, ensuring that retirees can access services conveniently near their homes [2] - The bank's efforts include cross-province services for social security card transactions, catering to elderly clients who may reside in different locations [2] Group 2: Commitment to Elderly Care - Harbin Bank is committed to creating a one-stop platform for elderly financial services, focusing on personalized and diverse financial needs of senior clients [2] - The bank has implemented various policies and standards to ensure that its services are age-friendly, including the establishment of evaluation norms for service demonstration points [3] - The bank conducts themed activities to promote respect and care for the elderly, further enhancing its engagement with this demographic [3]