Core Viewpoint - Zhengzhou Bank has successfully reversed its net profit decline after nearly three years, achieving a net profit of 1.876 billion yuan in 2024, marking a year-on-year growth of 1.39%, indicating a transition to a new phase of high-quality development [1] Group 1: Strategic Focus and Operational Efficiency - Zhengzhou Bank has actively adjusted its strategic direction, focusing on "cost reduction and efficiency enhancement" and "business transformation" to improve operational efficiency and service capabilities [2] - The bank has effectively reduced operating costs through optimizing internal management processes, enhancing technological capabilities, and strengthening cost control, laying a solid foundation for net profit growth [2] - The acceleration of business transformation includes advancing retail and corporate business, risk control, and digital transformation, broadening revenue sources and consolidating competitive advantages in regional markets [2] Group 2: Asset Optimization - In September 2024, Zhengzhou Bank signed an asset transfer contract with Zhongyuan Asset Management, selling 15 billion yuan of credit and other assets, which improved liquidity and reduced asset loss risks [3] - This asset transfer is a key step in optimizing the bank's asset structure and enhancing asset quality, allowing for more resources to be allocated to high-yield, low-risk business areas [3] Group 3: Profit Growth Drivers - The positive growth in net profit is attributed to multiple factors, including a strategic focus on customer experience and internal efficiency, which has garnered customer trust and support [4] - The bank has adopted a more prudent and proactive risk management strategy, effectively controlling the non-performing loan ratio, which stood at 1.79% at the end of 2024, marking a steady decline over two consecutive years [4] - Zhengzhou Bank has actively fulfilled its social responsibilities by supporting green finance, technological innovation, and rural revitalization, enhancing its brand image and opening new business growth points [4] Group 4: Future Development Strategy - Looking ahead, Zhengzhou Bank aims to deepen business transformation and asset optimization during the "14th Five-Year Plan" period, focusing on retail business and inclusive finance [5] - The bank plans to continue advancing digital transformation by leveraging cutting-edge technologies such as big data and artificial intelligence to create a new ecosystem for smart banking [5] - In risk management, Zhengzhou Bank will enhance its comprehensive risk management system and improve risk warning and handling capabilities to ensure continuous asset quality improvement [5] Group 5: Commitment to Social Responsibility - Zhengzhou Bank will continue to practice the concept of green development, increasing support for green finance and rural revitalization to contribute to sustainable economic and social development [6] - The bank's impressive performance in 2024 reflects its strategic transformation and operational management effectiveness, injecting new vitality into the regional financial market [6] - The bank is committed to being a modern commercial bank with core competitiveness, regional influence, and social responsibility, creating greater value for shareholders, customers, and society [6]

Core Viewpoint - The performance of 14 out of 17 listed city commercial banks in China for 2024 shows resilience and growth despite challenges in the banking sector, with many banks leveraging regional advantages and differentiated business strategies to achieve notable results [1][2]. Revenue and Profit Growth - The average revenue growth rate for the 14 listed city commercial banks reached 5.31% year-on-year, with Nanjing Bank leading at 11.32% growth [2][3]. - Jiangsu Bank and Ningbo Bank achieved over 8% revenue growth despite a high base, supported by quality credit resources in the Jiangsu and Zhejiang regions [2][3]. Performance Summary of Listed City Commercial Banks - Jiangsu Bank: Revenue of 808.15 billion, up 8.78%; Net profit of 318.43 billion, up 10.76% [3]. - Beijing Bank: Revenue of 699.17 billion, up 4.81%; Net profit of 258.31 billion, up 0.81% [3]. - Ningbo Bank: Revenue of 666.31 billion, up 8.19%; Net profit of 271.27 billion, up 6.23% [3]. - Nanjing Bank: Revenue of 502.71 billion, up 11.32%; Net profit of 201.77 billion, up 9.05% [3]. - Zhengzhou Bank: Revenue decreased by 5.78% to 128.77 billion, attributed to weak corporate loan growth [3][4]. Asset Quality and Risk Management - Zhengzhou Bank reported a non-performing loan (NPL) ratio of 1.79%, higher than the average for city commercial banks, indicating a need for improvement in asset quality management [7]. - All 14 listed city commercial banks maintained a provision coverage ratio above the regulatory minimum of 150%, with Hangzhou Bank and Ningbo Bank showing exceptional performance [8][9]. Differentiated Business Strategies - City commercial banks are encouraged to adopt differentiated development strategies based on regional characteristics to enhance their business models [10]. - Ningbo Bank focuses on risk management in exchange rate and interest rate, achieving a 20.15% increase in institutional deposits [11]. - Beijing Bank plans to leverage digital products and services to enhance its business model in a low-interest environment [11].

郑州银行正在稳步推进风险内控转型，重塑现有风险管理体系。在这一过程中，郑州银行综合施策，采 取了一系列多元化、系统性的风险管控措施，全方位保障各项事务的稳健运行。这些措施涵盖了风险识 别、评估、预警和应对等多个环节，旨在构建一个全面、动态、可持续的风险防控体系。 在风险管理上，郑州银行持续做实、做好"三道防线"。分支机构和业务部门压实"第一道防线"责任，在 日常业务开展中直接识别、评估和控制风险，从源头上把控风险的产生；风险管理部门发挥第二道防线 作用，负责制定风险管理政策和流程，对第一道防线的工作进行监督和指导，确保风险管控措施的有效 执行；内部审计部门筑牢第三道防线，对风险管理体系进行全面审计，及时发现潜在问题并提出改进建 议，对第一、二道防线履职情况及有效性进行监督评价。在这套架构下，风险管理团队通过不断优化流 程和调整方法，有效提升风险管控水平，为郑州银行的稳健发展保驾护航。 在当前复杂多变的金融环境中，郑州银行展现出了强劲的发展韧性与活力。郑州银行2024年度报告显 示，截至2024年末，郑州银行不良贷款率1.79%，较年初下降0.08个百分点，拨备覆盖率182.99%，风险 抵补能力持续增强。20 ...

展望未来，郑州银行将继续秉承"服务地方经济、服务中小企业、服务城乡居民"的宗旨，以更加饱满的 热情、更加创新的思维、更加务实的作风， 为客户提供更加优质、高效的金融服务，为地方经济发展 做出更大的贡献。 2024年，郑州银行迎来了一个具有里程碑意义的时刻——存款总额首次突破4000亿元大关，全年存款增 量达到435.77亿元，超过前两年增量的总和。这一成绩不仅标志着郑州银行在市场竞争中的强劲表现， 也彰显了其在金融服务领域的卓越实力和稳健发展态势。 通过不断创新金融产品和服务模式，郑州银行的服务质效得到了显著提升，客户满意度不断提高，为存 款业务的稳定增长奠定了坚实基础。 截至2024年末，郑州银行吸收存款本金余额达到4,045.38亿元，发放贷款及垫款总额3,876.90亿元，全年 存贷款增量分别为435.77亿元和270.82亿元，存贷款增速分别为12.07%和7.51%，分别高出全省金融机 构3.26、0.74个百分点。这一系列亮眼的数据，充分展现了郑州银行在复杂经济环境下的强大韧性和持 续增长能力。 深耕本地市场 夯实客户基础 郑州银行作为一家具有深厚地方背景的银行，始终将深耕本地市场作为业务发展的核 ...

在银行业整体承压的2024年， 郑州银行 交出了一份看似稳健的财报，资产规模突破6700亿元，存贷款 增速均超7%，不良率微降，拨备覆盖率提升。但穿透这些表面光鲜的指标，一组异常数据引发关注 ——在税前利润增长2.69%的情况下，净利润增幅仅0.21%，两者增速差创近五年新高。 更值得警惕的是，所得税费用异动揭示出利润调节痕迹，净利息收益率36BP的断崖式下跌，以及逾期 贷款激增31.8%的资产质量警报，共同勾勒出一家区域银行在利率市场化、风险出清周期与资本约束收 紧三重挤压下的生存困境。 当传统"以量补价"模式遭遇风险递延的隐性反噬，这份乍暖还寒的财报，实则是中国中小银行转型阵痛 的典型样本。 税费异动折射盈利质量恶化 郑州银行2024年财报显示，所得税费用从2023年的-1.19亿元变动至-0.77亿元，绝对值减少4,280万元。 表面上看，税负降低对净利润形成正向贡献，但结合利润表深层结构分析，这一现象恰恰暴露了银行盈 利能力的根本性缺陷。 | | | 载至12月31 日止年度 | | | | | --- | --- | --- | --- | --- | --- | | 项目 | 2024 年 | 2 ...

Core Viewpoint - The article emphasizes the importance of financial services in supporting national strategies and high-quality economic development, highlighting Zhengzhou Bank's commitment to five key areas: technology, green finance, inclusive finance, pension finance, and digital finance [1] Group 1: Technology Finance - Zhengzhou Bank has established a strategic focus on technology finance, with a policy-driven loan balance of 48.269 billion yuan in 2024, reflecting a growth rate of 44.50% [2] - The bank aims to create a comprehensive financial service system that covers the entire lifecycle of technology enterprises, particularly in innovation hubs like Zhengzhou High-tech Zone and Central Plains Science City [2] - Innovative products such as "Talent e-loan" and "Intellectual Property Pledge Loan" are designed to facilitate the transformation of technological achievements into industrial applications [2] Group 2: Green Finance - Zhengzhou Bank is actively implementing the national green development strategy, with a green finance loan balance of 9.146 billion yuan in 2024, showing a significant increase of 123.73% [3] - The bank issued 2 billion yuan in special green financial bonds, targeting six core areas including energy conservation and pollution prevention [3] - Collaborative efforts with government and research institutions have led to the establishment of a green technology assessment platform, supporting key green projects like new energy vehicles [3] Group 3: Inclusive Finance - Zhengzhou Bank focuses on small and micro enterprises, offering products like "Order Loan" and "Enterprise Procurement Loan" to enhance financing efficiency [4][5] - The bank has optimized traditional products like "Housing e-loan" to simplify approval processes and improve loan accessibility for small businesses [5] - Efforts to support rural revitalization include expanding service channels and introducing tailored loan products for agricultural needs [5] Group 4: Pension Finance - The bank has formed a dedicated team to enhance pension financial services, aligning with national policies on aging [6] - It prioritizes credit funding for pension industry projects and offers specialized financial products for elderly clients [6] - Collaboration with social security departments aims to streamline pension distribution processes and provide comprehensive financial services for seniors [6] Group 5: Digital Finance - Zhengzhou Bank is embracing financial technology, launching online products like "Zheng e-loan" to streamline the loan process [7] - Strategic partnerships with tech companies, including Huawei, focus on digital transformation and enhancing operational efficiency [7] - The bank is committed to expanding its technological collaborations to drive digital development [7]

Core Viewpoint - Zhengzhou Bank has consistently focused on serving the local economy, small and micro enterprises, and urban and rural residents, significantly increasing its credit issuance to support high-quality development of the real economy [3][4]. Group 1: Credit Growth and Structure - As of the end of 2024, Zhengzhou Bank's total loans and advances reached 387.69 billion yuan, a year-on-year increase of 7.51%, surpassing the average growth rate of financial institutions in the province by 0.74 percentage points [3][5]. - The bank's corporate loans (excluding bill discounting) amounted to 268.94 billion yuan, growing by 6.11% year-on-year, while personal loans reached 90.96 billion yuan, increasing by 8.09% [4]. - Corporate loans accounted for 69.37% of total loans, reflecting a stable proportion and enhanced support for enterprise financing [4]. Group 2: Support for the Real Economy - Zhengzhou Bank has aligned its credit resource allocation with national development strategies, focusing on key sectors and weak links in the real economy [4][6]. - The bank has increased support for advanced manufacturing, launching specialized credit products and optimizing loan approval processes for sectors like smart manufacturing and green manufacturing [7]. - The bank has enhanced financial services for small and micro enterprises by innovating its product offerings and improving approval processes, thus increasing loan accessibility [8]. Group 3: Rural and Agricultural Support - In line with the rural revitalization strategy, Zhengzhou Bank has intensified support for agriculture, providing comprehensive financial services to agricultural enterprises and cooperatives [9]. - The bank has introduced specialized loan products for agricultural modernization, including unique offerings like "Chili Loan" to support rural development [9]. Group 4: Consumer Financing - Zhengzhou Bank has optimized its personal loan product system to meet diverse consumer financing needs, launching flexible loan solutions for housing mortgages and consumer finance [10]. Group 5: Risk Management - The bank has maintained a focus on prudent operations and risk prevention, ensuring stable credit asset quality through big data applications and enhanced credit management processes [11]. Group 6: Future Outlook - Looking ahead, Zhengzhou Bank aims to continue enhancing its financial services for the real economy, optimizing credit resource allocation, and advancing towards digital and intelligent credit business models [12][13].

近年来，在客户风险偏好下降、有效信贷需求收缩、息差收窄的"三重压力"下，中国银行业普遍面临盈 利空间收窄、资产质量承压的挑战，部分区域性银行甚至陷入"增收不增利"的困境。 然而，郑州银行在这一轮行业洗牌中展现出逆势突围的韧性。一方面，以零售转型和数字化重塑为抓 手，构建起"规模增长-效能提升-风险可控"的良性循环；另一方面，通过深耕科创金融、绿色金融等政 策导向领域，精准滴灌新质生产力。 作为全国首家"A+H"上市城商行，郑州银行正以差异化发展路径，为区域性银行探索高质量发展提供了 可复制的"郑州样本"。 一、核心财务指标凸显高质量发展 2024年，郑州银行实现营业收入128.77亿元，净利润17.86亿元，利润同比增长2.69%，为近三年首次实 现正增长，这一良好业绩表现离不开郑州银行持续业务转型。 首先，顺应银行业净息差持续收窄的趋势，郑州银行通过多元化收入模式实现抗周期韧性。 2024年非利息收入达25.13亿元，同比增长30.34%，占营业收入比重也从2023年的14.10%上升至2024年 的19.51%，增长了5.41个百分点。这一增长主要源于财富管理、信用卡等业务扩张，2024年，财富类金 融资 ...

Financial Performance - The Bank of Zhengzhou Co., Ltd. reported its audited consolidated annual results for the year ending December 31, 2024[2]. - Operating income was RMB 12.890 billion, while net profit was RMB 1.863 billion, representing a year-on-year growth of 0.21%[11]. - Operating revenue for 2024 was RMB 12,890,323 thousand, a decrease of 5.91% compared to RMB 13,699,410 thousand in 2023[22]. - Total profit increased by 2.69% to RMB 1,786,431 thousand from RMB 1,739,636 thousand in the previous year[22]. - Net profit attributable to shareholders was RMB 1,875,762 thousand, reflecting a 1.39% increase from RMB 1,850,117 thousand in 2023[22]. - The total amount of loans and advances (excluding accrued interest) was RMB 387,690,452 thousand, up 7.51% from RMB 360,608,206 thousand in 2023[23]. - The total assets of Zhengzhou Bank reached RMB 676.365 billion, an increase of 7.24% compared to the previous year[39]. - The total deposits absorbed by Zhengzhou Bank amounted to RMB 404.538 billion, reflecting a growth of 12.07% year-on-year[39]. - The non-performing loan ratio stood at 1.79%, with a provision coverage ratio of 182.99%[11]. Risk Management - The board confirmed that there are no significant risks affecting the bank's future development strategy and operational goals[7]. - The report includes a detailed description of the main risks faced by the bank and the measures taken to address them[7]. - Zhengzhou Bank is committed to risk management and compliance, focusing on credit risk management and enhancing its risk management efficiency[14]. - The non-performing loan ratio improved to 1.79%, down from 1.87% in the previous year[25]. - The provision coverage ratio for commercial banks stood at 211.19%, and the loan provision ratio was 3.18%[36]. Capital and Liquidity - The capital adequacy ratio stood at 12.06%, a decrease of 0.32% from 12.38% in 2023[25]. - The liquidity coverage ratio increased to 305.04%, up from 265.83% in the previous year[25]. - The core tier 1 capital adequacy ratio as of December 31, 2024, was 8.76%, a slight decrease from 8.90% at the end of 2023[183]. - The total capital adequacy ratio as of December 31, 2024, was 12.06%, down from 12.38% at the end of 2023[183]. - The net amount of tier 1 capital as of December 31, 2024, was RMB 53.937 billion, compared to RMB 50.719 billion at the end of 2023[185]. Loans and Advances - Total loans reached RMB 387.690 billion, with a year-on-year increase of 7.51%[11]. - Policy-oriented sci-tech financial loans amounted to RMB 48.269 billion, growing at a rate of 44.50%[12]. - Green finance loan balance reached RMB 9.146 billion, with a significant growth rate of 123.73%[12]. - The company's loan portfolio composition as of December 31, 2024, included corporate loans at RMB 268,943,624 thousand (69.37%), personal loans at RMB 90,956,747 thousand (23.46%), and bill discounting at RMB 27,790,081 thousand (7.17%)[95]. - The total amount of loans and advances was RMB 387.69 billion, with a non-performing loan rate of 1.79%[129]. Deposits and Funding - Total deposits reached RMB 404.54 billion, an increase of RMB 43.58 billion or 12.07% compared to the previous year[115]. - The bank's liabilities totaled RMB 620.07 billion, an increase of RMB 43.68 billion or 7.58% compared to the previous year[112]. - Deposits absorbed by the bank increased by RMB 46.57 billion, accounting for 66.62% of total liabilities[114]. Income and Expenses - The company's net interest margin decreased to 1.63% from 2.00% in the previous year[49]. - Non-interest income increased by 28.88% to RMB 2.53 billion, compared to RMB 1.96 billion in the previous year[47]. - Operating expenses amounted to RMB 3.904 billion, an increase of RMB 0.046 billion or 1.18% compared to the previous year[80]. - Interest expenses for the reporting period were RMB 12.991 billion, a decrease of RMB 0.029 billion or 0.22% year-on-year[66]. Strategic Initiatives - The bank aims to enhance its service to the real economy and deepen its business transformation by 2025[14]. - The company is focusing on the development of technology finance, green finance, inclusive finance, pension finance, and digital finance to support local economic development[187]. - The bank established 400 community volunteer service stations and 23 inclusive finance service ports, covering 2,363 villages and towns[13]. Awards and Recognition - The company received multiple awards in 2024, including "Best Retail Banking Customer Experience Award" and "Best ESG Management Listed Company"[44]. - The company ranked 6th in the "Top 100 Service Industry Enterprises in Henan Province" for 2024[44].

Financial Performance - As of the end of 2024, the total assets of Bank of Zhengzhou reached RMB 676.365 billion, an increase of 7.24% compared to the previous year[13]. - Total deposits amounted to RMB 404.538 billion, reflecting a growth of 12.07% year-on-year[13]. - Total loans reached RMB 387.690 billion, with a year-on-year increase of 7.51%[13]. - The bank achieved an operating income of RMB 12.877 billion and a net profit of RMB 1.863 billion, representing a year-on-year growth of 0.21%[13]. - The total operating income for 2024 was RMB 12,877,200 thousand, a decrease of 5.78% compared to RMB 13,667,290 thousand in 2023[21]. - The total profit for 2024 was RMB 1,786,431 thousand, reflecting a 2.69% increase from RMB 1,739,636 thousand in 2023[21]. - The net profit attributable to shareholders for 2024 was RMB 1,875,762 thousand, up 1.39% from RMB 1,850,117 thousand in 2023[21]. - The net cash flow from operating activities for 2024 was RMB 8,765,356 thousand, a significant increase of 431.85% compared to RMB 1,648,102 thousand in 2023[21]. - The basic earnings per share for 2024 remained at RMB 0.15, unchanged from 2023[21]. Asset Quality - The non-performing loan ratio stood at 1.79%, with a provision coverage ratio of 182.99%[13]. - The non-performing loan ratio improved to 1.79% in 2024 from 1.87% in 2023, a decrease of 0.08 percentage points[24]. - The provision coverage ratio increased by 8.12% to 182.99% in 2024 from 174.87% in 2023[24]. - The bank's corporate loan non-performing loan ratio was 2.05%, a slight decrease of 0.04 percentage points year-on-year, reflecting improved asset quality[122]. - Personal loan non-performing loan ratio decreased to 1.56%, down by 0.16 percentage points from the previous year, indicating effective risk management[122]. Loan and Deposit Growth - Policy-oriented science and technology financial loans amounted to RMB 48.269 billion, with a growth rate of 44.50%[14]. - Green financial loans reached RMB 9.146 billion, showing a significant increase of 123.73%[14]. - The total amount of loans and advances increased by 7.51% to CNY 387.69 billion in 2024 from CNY 360.61 billion in 2023[23]. - Total deposits reached RMB 404.54 billion, increasing by RMB 43.58 billion or 12.07% compared to RMB 360.98 billion at the end of the previous year[111]. - The total amount of corporate loans reached RMB 296.734 billion, an increase of RMB 20.272 billion, or 7.33%, compared to the end of the previous year[180]. Digital Transformation and Customer Service - The bank is focusing on digital transformation and enhancing customer experience while improving internal efficiency[16]. - The bank established 400 community volunteer service stations and 23 inclusive finance service ports, covering 2,363 villages and towns[16]. - The bank's mobile banking platform signed up 3.76 million personal customers, with transaction volume increasing by 10.89% year-on-year[200]. - Customer service hotline provided 950,970 services with a satisfaction rate of 99.69%[200]. - Online service capabilities improved with 836,800 services provided through text and remote video, with 91.22% of responses handled by intelligent robots[200]. Risk Management and Compliance - The bank aims to strengthen its risk management systems and enhance its risk prevention capabilities[16]. - The company is committed to enhancing compliance management and risk control measures to ensure stable operations[42]. - The bank's loan loss provisions totaled RMB 51.38 billion for the reporting period, with a balance of RMB 126.69 billion at the end of the period[135]. Awards and Recognition - The bank received the "Support for Small and Micro Enterprises Model Award" from the Henan Provincial Science and Technology Department[14]. - The company was awarded multiple accolades, including "Best Retail Banking Customer Experience Award" in April 2024[44]. Investment and Financial Assets - The total amount of securities investments and other financial assets reached RMB 203.12 billion, an increase of RMB 14.61 billion or 7.75% from RMB 188.52 billion[103]. - The bank's investment in debt instruments amounted to RMB 202.25 billion, which is 70.72% of total investments, up from 62.91% the previous year[105]. - Investment income for the year ended December 31, 2024, was RMB 1,833.81 million, an increase of RMB 769.83 million or 72.35% compared to 2023[80]. Community and Economic Development - The bank is committed to supporting county-level economic development as a key area for financial services[16]. - The bank actively supported local economic development by focusing on technology finance, green finance, and inclusive finance[179]. - The balance of inclusive small and micro loans was RMB 53.685 billion, growing by 7.46% year-on-year, exceeding the general loan growth rate by 0.61 percentage points[190].