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 - 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]

Core Viewpoint - The 2024 annual reports of listed banks reveal significant performance salary clawbacks, with a total amount exceeding 113 million yuan across nine banks, indicating a growing trend in enforcing accountability in executive compensation [1][4]. Summary by Category Performance Salary Clawbacks - Nine listed banks have disclosed their performance salary clawback situations in their 2024 annual reports, including major banks like Bank of China, Zhejiang Commercial Bank, and Bohai Bank [1][4]. - The total amount of clawbacks reported by these banks exceeds 113 million yuan, with Bank of China leading at 32.5 million yuan [1][4]. - The average clawback amount per person was highest at Bohai Bank, reaching 39,264.71 yuan, while Bank of China and Harbin Bank also reported significant average clawbacks exceeding 10,000 yuan [2][4]. Year-on-Year Comparison - Compared to 2023, several banks, including China Merchants Bank and Weihai Bank, did not disclose specific clawback amounts for 2024, despite having reported significant figures in the previous year [6]. - In 2023, China Merchants Bank had the highest clawback amount at 43.29 million yuan, affecting 4,415 employees with an average clawback of approximately 9,805 yuan [6]. Disclosure Trends - Zhejiang Commercial Bank and Zhongyuan Bank disclosed specific clawback amounts for the first time in 2024, indicating an improvement in transparency [7]. - Bohai Bank and Dongguan Rural Commercial Bank have consistently disclosed their clawback amounts for three consecutive years, showing a commitment to accountability [5][6]. Regulatory Context - The regulatory framework for performance salary clawbacks has been strengthened over the years, with guidelines established by the former China Banking Regulatory Commission and the China Banking and Insurance Regulatory Commission [10][11]. - As of 2023, over 95% of banking institutions have implemented performance salary clawback mechanisms, reflecting a significant shift towards more robust governance in the banking sector [11].

普惠金融方面成效显著，全年投放普惠型小微企业贷款295亿元，服务小微企业19万户，贷款利率较上 年下降0.61个百分点。同时，涉农贷款余额达284.801亿元，其中备春耕贷款超120亿元，有力支持了乡 村振兴战略实施。 跨境金融取得重要进展，成功获批优质企业外汇收支便利化试点资格，并上线CIPS港币直参系统，成 为国内第二家具备该资格的城商行。通过搭建跨境数字金融平台，该行为"一带一路"企业提供了一站式 金融服务。 在服务实体经济方面，该行公司类贷款总额2,054.050亿元，重点支持了制造业、科技金融、绿色金融等 领域发展。其中，制造业贷款增长28.27%，科技金融贷款增长41%，绿色金融贷款增速更达249.46%， 体现了对实体经济的精准支持。 2024年，哈尔滨银行(06138.HK)经营业绩表现亮眼，多项指标实现稳健增长。 截至报告期末，哈尔滨银行资产规模持续扩大，全行资产总额达9,162.319亿元，较上年增长12.65%。 盈利能力显著提升，实现净利润10.824亿元，同比增长21.88%。在规模效益双增长的同时，资产质量持 续优化，不良贷款率降至2.84%，拨备覆盖率提升至202.59%，风险抵 ...

多领域发力，助力实体经济稳健前行。报告期内，集团立足金融本源，将为实体经济服务作为出发点和 落脚点。依托公司经营机构分布优势，围绕黑龙江省"三基地、一屏障、一高地"、"4567"现代产业体 系、"五篇大文章"，紧跟"成渝经济圈""京津冀一体化"等国家重点战略发展部署，为实体经济发展提供 金融支持。强化行业研究，加大科技金融、绿色金融、普惠金融、养老金融、数字金融重点领域信贷投 放；全面支持制造业转型升级，重点加大中长期制造业贷款投放力度，挖掘具有高附加值、产业链占据 核心地位的优质企业；加大对能源领域信贷投放，在保障传统能源安全的基础上，充分利用新能源发展 潜力；集中优势资源支持黑龙江省现代农业发展，依托农业产业链联动，在"龙头企业+基地+农户"一 体化生产经营模式中嵌入产业链金融；重点加大对基础设施建设项目融资支持，特别是电力、供热、交 通等民生领域；快速响应房地产融资协调机制工作要求，助力房地产市场平稳健康发展；强化同业金融 合作，积极推动银团业务开展，深化金融服务；持续加强客户走访，积极组织多种形式的银企对接，重 点强化对民营企业、小微企业的融资支持。截至2024年12月31日，集团的公司类贷款总额为人 ...

Financial Performance - Harbin Bank Co., Ltd. reported its audited financial results for the year ending December 31, 2024[4]. - Net interest income for 2024 reached RMB 9,836.9 million, a 3.01% increase from RMB 9,549.0 million in 2023[24]. - Total operating income increased by 7.56% to RMB 14,243.2 million in 2024, compared to RMB 13,241.7 million in 2023[24]. - 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[24]. - 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[27]. - The total equity attributable to shareholders of the parent company increased by 2.53% to RMB 63,161.9 million in 2024, compared to RMB 61,604.3 million in 2023[27]. - The net profit for 2024 was RMB 1.0824 billion, showing a significant increase of 21.88% compared to the previous year[31]. - The average return on equity for 2024 was 0.69%, an increase of 0.34 percentage points compared to the previous year[59]. Asset and Loan Growth - As of December 31, 2024, the total assets of Harbin Bank reached RMB 916.2319 billion, an increase of 12.65% compared to the end of the previous year[31]. - The loan balance stood at RMB 379.0939 billion, reflecting a growth of 17.30% year-on-year[31]. - Customer loans and advances totaled RMB 379,093.9 million, reflecting a 17.30% increase from RMB 323,182.7 million in 2023[27]. - The bank's corporate loans reached RMB 205.4050 billion, an increase of RMB 21.3999 billion or 11.6% year-on-year[116]. - The balance of loans for strategic emerging industries reached RMB 5.628 billion, showing a significant growth of 398.05% year-on-year[46]. - The balance of technology finance loans was RMB 11.767 billion, reflecting a year-on-year increase of 41%[46]. - The balance of green finance loans reached RMB 10.832 billion, with a remarkable growth of 249.46% compared to the previous year[46]. Non-Performing Loans and Risk Management - The non-performing loan ratio decreased to 2.84% in 2024 from 2.87% in 2023[27]. - The provision coverage ratio improved to 202.59% in 2024, up from 197.38% in 2023[27]. - The amount of non-performing loans was RMB 10,757.0 million, compared to RMB 9,259.6 million in 2023[144]. - The bank's individual loan non-performing loan ratio was 4.97%, up from 3.93% in 2023[147]. - 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[161]. - The company plans to enhance its risk management strategies to further reduce overdue loans and improve asset quality[161]. Regulatory Compliance and Transparency - The financial statements were audited by Hong Kong Lixin Dehao Accounting Firm Limited according to international auditing standards[4]. - The company emphasizes its commitment to transparency and compliance with the Hong Kong Listing Rules[12]. - The company is not recognized as an authorized institution under the Hong Kong Banking Ordinance and is not regulated by the Hong Kong Monetary Authority[6]. - The annual report is available on the company's website and the Hong Kong Stock Exchange's disclosure platform[5]. Digital Transformation and Innovation - The company aims to enhance its digital capabilities by launching various digital banking services and platforms by 2025[49]. - The company received the "2024 Digital Financial Gold List Award" for the "Mobile Banking Channel Integration Innovation Award" and was recognized as a "Model Bank for Green Financial Practices" in 2024[19]. - The company's "Cross-Border Digital Financial Platform" won the "2024 15th Financial Product and Service Innovation Award" in December 2024[19]. - The bank's digital transformation efforts are focused on enhancing customer experience and optimizing product functionality[180]. Customer Deposits and Retail Banking - The deposit balance was RMB 693.6794 billion, which is a 7.96% increase from the previous year[31]. - Retail deposits reached RMB 499.977 billion, an increase of 12.33% from the previous year[47]. - The bank achieved a market share of 19.65% in retail deposits in Harbin, maintaining the top position for seven consecutive years[178]. - The number of retail customers increased to 14.9077 million, a growth of 260,100 customers compared to the previous year[176]. Awards and Recognition - The company ranked 183rd in the "2024 Global Bank 1000" list published by The Banker and 282nd in the "2024 Global Bank Brand Value 500" list by Brand Finance[18]. - The company was awarded the "Outstanding Regional Private Banking Service Award" and "Outstanding Wealth Capability Service Bank" by Puyin Standard in October 2024[19]. - The company was recognized as a "Demonstration Unit for Modern Bank Business Network Service Certification" by the Beijing National Financial Technology Certification Center in December 2024[19]. - The company has been included in the "National Inclusive Finance Typical Case (2024)" selection by the China Association of Small and Medium Enterprises[19].