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].

Summary of Conference Call Records Industry Overview - The conference call discusses the performance of the banking industry, specifically focusing on the 23 listed banks in the United States and their financial metrics for the year 2024 [1][2]. Key Points and Arguments 1. **Revenue and Profit Growth**: The listed banks achieved an average revenue growth of 1.8% year-on-year for 2024, which is an improvement of 0.9 percentage points compared to the first three quarters of 2023. However, the net interest income for the year decreased by 2.3% [1][2]. 2. **Commission Income Recovery**: The banks experienced a 9.3% year-on-year recovery in commission net income, although retail financial demand remains weak, impacting overall income [2][3]. 3. **Debt Market Contribution**: The trading segment of banks contributed significantly to revenue, with a 28% increase in related income for the year, partially offsetting revenue pressures [2][3]. 4. **Asset Growth and Loan Performance**: By the end of 2024, the asset growth rate for listed banks decreased by 0.8 percentage points to 7.2%, while loan growth fell by 0.3 percentage points to 7.7% [4][5]. 5. **Interest Margin Pressure**: The pricing of assets is expected to continue influencing the interest margin levels, with ongoing negative impacts likely to keep margins under pressure [5][6]. 6. **Asset Quality Stability**: The overall asset quality of the banking sector remains stable, with a non-performing loan ratio of 1.25% and a coverage ratio of 236%, although specific sectors like retail and real estate are under scrutiny for potential risks [5][6][8]. 7. **Real Estate Loan Performance**: Among the 16 banks, 11 reported a decrease in the non-performing loan ratio for real estate loans, with notable exceptions like Zhengzhou Bank, which saw an increase to 9.55% [8][9]. 8. **Dividend Policies**: Citic Bank reported the largest increase in dividend payout ratio, rising by 30.5% in 2024. The overall stability of dividend rates is expected to be maintained, providing a focus on shareholder value [10][11]. 9. **Investment Opportunities**: Recommendations include focusing on regional banks benefiting from policy effectiveness and economic recovery, as well as high-dividend stocks like Industrial and Commercial Bank of China and Bank of China [11]. Other Important Insights - The call highlighted the importance of monitoring macroeconomic conditions and consumer financial demand, which are critical for future growth and risk assessment in the banking sector [7][9]. - The potential for policy changes affecting the real estate market and overall economic recovery was emphasized as a key factor for future performance [9][11].

Core Viewpoint - The banking industry in China is facing challenges such as reduced profit margins, asset quality pressure, and shrinking credit demand, yet Zhengzhou Bank has demonstrated resilience and a successful transformation strategy amidst these difficulties [1] Group 1: Financial Performance - In 2024, Zhengzhou Bank achieved an operating income of 12.877 billion yuan and a net profit of 1.786 billion yuan, marking a 2.69% year-on-year profit growth, the first positive growth in three years [2] - The bank's non-interest income reached 2.513 billion yuan in 2024, a 30.34% increase, with its share of total operating income rising from 14.10% in 2023 to 19.51% in 2024, an increase of 5.41 percentage points [3] Group 2: Retail Transformation and Efficiency - Zhengzhou Bank has prioritized retail transformation, with personal deposits reaching 218.179 billion yuan by the end of 2024, accounting for approximately 54% of total deposits, which helps reduce interest expenses [4] - The bank's efficiency has improved, with per capita assets reaching 1.09 million yuan and average assets per branch at 371.6 million yuan, both at a three-year high and significantly above industry averages [4] - The non-performing loan ratio was 1.79% at the end of 2024, a decrease of 0.08 percentage points year-on-year, while the provision coverage ratio improved to 182.99%, an increase of 8.12 percentage points [4] Group 3: Support for the Real Economy - Zhengzhou Bank has redefined its business logic to support the real economy, focusing on innovation in financial mechanisms and utilizing data to address financing challenges for small and medium-sized enterprises [5] - The bank's policy-driven innovation in science and technology finance has led to a loan balance of 48.269 billion yuan, with a year-on-year growth rate of 44.50% [6] - Zhengzhou Bank plays a crucial role in the "7+28+N" industrial chain layout in Henan Province, providing quality financial services to key industries and actively engaging in local economic development [6] Group 4: Conclusion - Zhengzhou Bank's strategies in retail transformation, science and technology finance, and digital empowerment have not only restored profitability but also established a symbiotic relationship with the regional economy [7] - The bank's approach illustrates that regional banks can achieve counter-cyclical growth by deeply integrating into local industrial upgrades and addressing the pain points of the real economy through differentiated services [7]

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].

Core Viewpoint - Zhengzhou Bank has been recognized for its innovative financial practices that contribute to high-quality development, showcasing a unique path in strategic transformation for local banks [3][10]. Group 1: Financial Innovation - Zhengzhou Bank won the "2024 Financial Institution Five Major Articles Practice Award" at the 19th "China Financial Brand List," highlighting its ability to serve the real economy [3]. - The bank's strategic transformation aligns with national policies, demonstrating a commitment to innovation in various financial sectors [10]. Group 2: Technology Finance - As a key player in policy-driven technology finance in Henan Province, Zhengzhou Bank focuses on "early, small, and hard technology" investments, creating a service system that covers the entire lifecycle of enterprises [4]. - The bank has been recognized for its "Technology Loan" and "Specialized and Innovative Loan" programs, receiving awards for its support of small and micro enterprises [4]. Group 3: Green Finance - Zhengzhou Bank is committed to supporting low-carbon transformation projects, including infrastructure upgrades and clean energy initiatives, successfully issuing 2 billion yuan in green bonds [5]. - The bank integrates green concepts into its corporate culture, promoting a dual approach of institutional innovation and cultural immersion [5]. Group 4: Pension Finance - In response to an aging population, Zhengzhou Bank has developed a "financial + service" ecosystem for elderly care, offering specialized products and services that extend beyond traditional banking [6]. - The bank's "Pension Financial Service Station" enhances customer satisfaction by integrating health management and consumer rights protection for elderly clients [6]. Group 5: Inclusive Finance - Zhengzhou Bank addresses financing challenges for small and micro enterprises through digital technology, reducing loan approval times to 30 minutes and increasing the first loan rate for small businesses to 45% [8]. - The bank's innovative products, such as "Flow Loan" and "Tobacco Merchant Loan," exemplify its commitment to inclusive finance [8]. Group 6: Digital Finance - The bank is actively integrating financial services into the digital transformation of small and medium enterprises, reducing their transition costs [9]. - Internally, Zhengzhou Bank is enhancing its digital capabilities by restructuring its top-level mechanisms and promoting technology integration across its operations [9].

Financial Performance - Operating income for the year was RMB 12.86 billion, a decrease of 5.90% compared to RMB 13.67 billion in the previous year[4] - Total profit amounted to RMB 1.77 billion, representing a year-on-year increase of 1.97%[5] - Net profit attributable to shareholders was RMB 1.87 billion, up by 0.88% from RMB 1.85 billion in the previous year[4] - Basic earnings per share remained stable at RMB 0.15[4] - Return on equity decreased by 0.10 percentage points to 3.19%[4] Assets and Liabilities - Total assets reached RMB 676.93 billion, an increase of 7.33% compared to the previous year[5] - Total deposits amounted to RMB 404.54 billion, growing by 12.07% year-on-year[5] - Total loans and advances reached RMB 387.69 billion, reflecting a growth of 7.51% from the previous year[5] Shareholder Equity - Equity attributable to shareholders increased to RMB 54.43 billion, a rise of 3.77% from the previous year[4] - Net assets per share for ordinary shareholders rose to RMB 4.89, an increase of 4.71%[4]

Financial Performance - Operating income for Q3 2024 was RMB 2,655,893 thousand, a decrease of 25.42% year-on-year[4] - Net profit attributable to shareholders for Q3 2024 was RMB 650,271 thousand, down 7.63% compared to the same period last year[4] - The net profit for the first nine months of 2024 was RMB 2,244,132 thousand, a decrease of 18.41% year-on-year[4] - The company reported a diluted earnings per share of RMB 0.07 for Q3 2024, down 12.50% from the previous year[4] - Operating income for the nine months ended September 30, 2024, was RMB 9,061,035, down 13.4% from RMB 10,464,658 in the same period of 2023[25] - Net profit for the nine months ended September 30, 2024, was RMB 2,288,964, a decrease of 19.6% compared to RMB 2,848,811 in the same period of 2023[25] - Net profit for the three months ended September 30, 2024, was RMB 639,852 thousand, down from RMB 734,328 thousand in the same period of 2023, reflecting a decrease of about 12.9%[27] - The company reported a decrease in commission income, with net commission income of RMB 349,854, down 20.9% from RMB 442,230 in the same period of 2023[25] Assets and Liabilities - Total assets as of September 30, 2024, reached RMB 666,626,085 thousand, an increase of 5.69% from the end of 2023[6] - Total liabilities as of September 30, 2024, were RMB 609,820,482 thousand, reflecting a 5.80% increase from the end of 2023[6] - The total amount of loans and advances increased by 6.41% to RMB 383,710,888 thousand compared to the end of 2023[6] - The total deposits reached RMB 396,909,399 thousand, a growth of 9.96% compared to the end of 2023[6] - The company's total assets as of September 30, 2024, amounted to RMB 666,626,085 thousand, an increase from RMB 630,709,429 thousand as of December 31, 2023, representing a growth of about 5.7%[29] - The total liabilities as of September 30, 2024, were RMB 609,820,482 thousand, up from RMB 576,394,573 thousand at the end of 2023, indicating an increase of approximately 5.8%[29] Equity and Capital Ratios - The weighted average return on equity (annualized) decreased by 0.68 percentage points to 5.82% in Q3 2024[4] - Net asset value per share increased to RMB 4.94, up 5.78% from RMB 4.67 at the end of 2023[6] - The capital adequacy ratio was 12.29%, maintaining a stable and reasonable level[18] - The core tier 1 capital adequacy ratio was 8.97%, slightly up from 8.90% at the end of 2023[11] - The liquidity coverage ratio was 199.11%, significantly above the regulatory requirement of 100%[10] Cash Flow - Operating cash flow before tax profit decreased to RMB 2,557,093 thousand from RMB 3,345,512 thousand, a decline of approximately 23.5% year-over-year[32] - Net cash flow from operating activities improved significantly to RMB 11,613,414 thousand compared to a negative cash flow of RMB 1,019,928 thousand in the previous year[33] - Net cash flow from investment activities was negative at RMB 5,521,555 thousand, worsening from a negative RMB 4,001,424 thousand in the same period last year[33] - Cash flow from financing activities showed a net outflow of RMB 8,067,981 thousand, contrasting with a net inflow of RMB 6,654,275 thousand in the previous year[33] - Total cash and cash equivalents decreased to RMB 10,030,682 thousand from RMB 12,151,348 thousand, reflecting a reduction of approximately 17.4%[33] - Interest received during the period was RMB 14,642,806 thousand, slightly down from RMB 15,097,962 thousand year-over-year[33] - Interest paid amounted to RMB 6,001,090 thousand, a decrease from RMB 6,910,657 thousand in the previous year[33] - The company reported a significant increase in net cash from financing activities due to bond issuance, totaling RMB 105,234,850 thousand[33] Shareholder Information - The total number of common shareholders at the end of the reporting period was 104,093, with 104,042 A-share shareholders and 51 H-share shareholders[19] - The top 10 common shareholders held a total of 3,000,000,000 shares, representing 33.33% of the total shares[20] - The top shareholder, Hong Kong Central Clearing (Agent), held 2,020,252,753 H-shares, accounting for 22.22% of total shares[19] - Zhengzhou Investment Holding Co., Ltd. held 608,105,180 A-shares, representing 6.69% of total shares, with 207,515,000 shares under pledge[19] - The company did not report any significant changes in the top shareholders or their participation in securities lending activities during the reporting period[22] Other Financial Metrics - The non-performing loan ratio stood at 1.86%, a decrease of 0.01 percentage points from the beginning of the year[18] - The provision coverage ratio was reported at 166.23%, indicating a strong buffer against potential loan losses[18] - The company recorded a net loss from financial investments of RMB 3,843,452 thousand, compared to a loss of RMB 4,054,440 thousand in the previous year[32] - The company achieved an operating income of RMB 9.06 billion and a net profit of RMB 2.29 billion during the reporting period[18] - For the nine months ended September 30, 2024, the total comprehensive income attributable to the company's shareholders was RMB 2,445,915 thousand, a decrease from RMB 2,877,861 thousand for the same period in 2023, representing a decline of approximately 15%[26] - The company reported a net fee and commission income of RMB 83,855 thousand for the three months ended September 30, 2024, compared to RMB 120,133 thousand for the same period in 2023, a decline of approximately 30.3%[27] - The fair value changes of equity instruments designated at fair value through other comprehensive income for the three months ended September 30, 2024, resulted in a loss of RMB 165,554 thousand, compared to a loss of RMB 51,911 thousand in the same period of 2023[28]