Financial Performance - Operating income for 2024 was CNY 12.42 billion, a year-on-year increase of CNY 1.07 billion, or 9.46%[11] - Net profit for 2024 was CNY 3.78 billion, up CNY 0.13 billion, or 3.43% year-on-year[11] - Total operating income increased by 9.46% to RMB 12,417.66 million compared to RMB 11,344.69 million in the previous year[41] - Net profit for 2024 reached RMB 3,778.51 million, reflecting a growth of 3.43% compared to the previous year[71] - The bank's total assets impairment losses rose by 36.66% to RMB 4,542.83 million from RMB 3,324.10 million in 2023[41] - The company's operating expenses decreased to CNY 3.711 billion, a reduction of CNY 0.259 billion or 6.52% year-on-year[103] Asset and Loan Growth - As of the end of 2024, total assets reached CNY 589.99 billion, an increase of CNY 13.20 billion, or 2.29% from the beginning of the year[11] - Total loans amounted to CNY 347.09 billion, up CNY 15.14 billion, or 4.56% year-to-date[11] - Total deposits reached CNY 375.00 billion, increasing by CNY 18.76 billion, or 5.26% from the start of the year[11] - The balance of loans related to "new industrialization," "new urbanization," "agricultural modernization," and "tourism industrialization" reached CNY 228.687 billion, an increase of CNY 7.905 billion from the beginning of the year[27] - The balance of technology finance loans was CNY 8.071 billion, up CNY 3.095 billion from the beginning of the year, representing a growth rate of 62%[28] - The balance of inclusive small and micro enterprise loans was CNY 52.940 billion, serving 66,500 customers, with growth rates of 11.62% and 12.48% respectively[28] Client Growth - The number of corporate clients reached 115,900, a net increase of 7,000, or 6.38% from the beginning of the year[11] - The number of individual clients was 12.17 million, with a net increase of 489,500, or 4.19% year-to-date[11] - The number of inclusive small and micro enterprise customers increased to 66,500, up by 12.48%[15] - Monthly active users of mobile banking reached 953,200, an increase of 167,300 or 21.29% from the beginning of the year[53] Asset Quality and Risk Management - The non-performing loan ratio stood at 1.72%, with a provision coverage ratio of 315.98%, indicating a stable asset quality[11] - Non-performing loan ratio increased to 1.72% in 2024 from 1.68% in 2023, indicating a slight deterioration in asset quality[43] - The bank's credit risk management framework has been enhanced, focusing on high-quality development and maintaining asset quality stability[153] - The bank's trading book maintained profitability despite increased volatility in market risk indicators such as Value at Risk (VaR)[155] Digital Transformation and Technology - The bank has implemented advanced technologies such as cloud computing and artificial intelligence, achieving a full private cloud deployment for its core transaction system[38] - The company has established a digital financial model driven by data elements and digital technology, enhancing product experience and risk control measures[184] - The company has implemented smart upgrades in 211 branches, achieving a business substitution rate of 81.38%[70] Community and Social Responsibility - The company donated a total of RMB 2.56 million during the reporting period to support rural revitalization and education for impoverished students[192] - The company conducted 3,967 consumer education activities during the reporting period, reaching 2,202,100 consumers[191] - The company organized over 1,100 volunteers to support students during the college entrance examination period[192] Compliance and Risk Management - The bank has established a comprehensive compliance risk management mechanism to effectively identify, assess, and prevent compliance risks, ensuring legal and regulatory compliance in operations[166] - The company has strengthened its legal risk management by implementing strict legal review processes and enhancing employee legal awareness through training[165] - The company has established a robust anti-money laundering management structure, integrating it into its overall risk management framework[161] Market Position and Recognition - The bank's ranking in the 2024 Global Banking 1000 list was 252, and it ranked 46th in the 2024 China Banking 100 list[37] - The bank's core Tier 1 capital adequacy ratio improved to 12.24% in 2024, up from 11.25% in 2023[43]

Core Viewpoint - The event focused on customized tax services aimed at addressing the personalized needs of taxpayers, enhancing the implementation of tax policies for businesses [3][5]. Group 1: Customized Tax Services - The "customized tax service" initiative was launched by the Guizhou Provincial Taxation Bureau to provide tailored tax support for businesses of different sizes and industries through measures like "one policy for one household," "intelligent matching," and "expert consultations" [3]. - The initiative aims to convert policy benefits into development momentum for enterprises, assisting them in overcoming difficulties and facilitating transformation and upgrades [3][5]. Group 2: Event Details - The event included lectures and face-to-face discussions, where tax professionals from the Guizhou Provincial Taxation Bureau explained high-interest topics such as supplementary medical insurance tax policies and personal income tax deductions [3]. - Over 60 staff members from Guizhou Bank's headquarters and Guiyang branch participated in the event, indicating strong engagement from the banking sector [3]. Group 3: Impact and Future Plans - Since the beginning of 2024, the customized tax service has helped over 100 large enterprises resolve issues related to mergers, reorganizations, and cross-regional tax disputes [5]. - The Guizhou Provincial Taxation Bureau plans to continue a series of thematic promotional activities centered on "Taxation, Rule of Law, and Fairness" to support compliant business operations and facilitate faster development for business entities [5].

Core Viewpoint - Micro and small enterprises are crucial for economic development, job creation, and market vitality, and Guizhou Bank aims to enhance its inclusive finance services to support these businesses effectively [1][4]. Group 1: Financial Support for Small Enterprises - Guizhou Bank has set a goal of "expanding coverage, improving quality, and increasing efficiency" in its inclusive finance strategy, focusing on credit provision, digital empowerment, and compliance [1]. - As of December 31, 2024, the bank's inclusive loans for small enterprises reached 52.94 billion yuan, an increase of 5.51 billion yuan from the beginning of the year, representing an 11.62% growth [1]. - The bank's "1+2+7" service model for small enterprises ensures a one-day response, two days to formulate a plan, and seven days for loan approval, facilitating timely financial support [3]. Group 2: Case Studies of Successful Financing - The case of Qianbang Cable illustrates the bank's impact, where a 10 million yuan loan enabled the company to pay for raw materials, leading to a sales revenue of 20.48 million yuan within two months of production [2]. - Hu Yongtao, a recent graduate, received 5 million yuan in credit from Guizhou Bank to support his cattle farming venture, demonstrating the bank's role in facilitating entrepreneurship [6]. Group 3: Digital Transformation and Product Innovation - Guizhou Bank has developed an intelligent micro-loan platform utilizing advanced technologies like facial recognition and big data analysis to enhance its loan products, such as "Yanshang Loan" for tobacco retailers [7]. - The bank's online loan products have significantly improved convenience for small business owners, as evidenced by a customer who quickly secured a 100,000 yuan loan through the "Yanshang Loan" [7]. Group 4: Grid Service Model - The bank employs a "grid service" model to provide tailored financial services to micro and small enterprises, ensuring that financial support reaches a wider audience [9]. - This model has been well-received, with clients reporting satisfaction with the bank's ability to meet their financial needs and provide additional services like payment solutions [9]. Group 5: Future Commitment - Guizhou Bank plans to continue enhancing its support for small enterprises by adopting a proactive approach, simplifying processes, and focusing on customer service to ensure high-quality development [10].

Financial Performance - Guizhou Bank reported its annual performance for the year ending December 31, 2024, in compliance with the Hong Kong Stock Exchange listing rules[2]. - The board of directors confirmed the annual performance, emphasizing high-quality development and coordinated growth in scale, structure, quality, efficiency, and safety[12]. - Total assets reached CNY 589.99 billion by the end of 2024, an increase of CNY 13.20 billion, or 2.29% from the beginning of the year[13]. - Total loans amounted to CNY 347.09 billion, up CNY 15.14 billion, or 4.56% year-to-date[13]. - Total deposits increased to CNY 375.00 billion, reflecting a growth of CNY 18.76 billion, or 5.26% from the start of the year[13]. - Operating revenue for 2024 was CNY 12.42 billion, a year-on-year increase of CNY 1.07 billion, or 9.46%[13]. - Net profit reached CNY 3.78 billion, up CNY 0.13 billion, or 3.43% year-on-year[13]. - Non-performing loan ratio stood at 1.72% with a provision coverage ratio of 315.98% by the end of 2024[13]. Client Growth - The number of corporate clients increased to 115,900, a net increase of 7,000, or 6.38% from the beginning of the year[13]. - The number of individual clients reached 12.17 million, with a net increase of 489,500, or 4.19% year-to-date[13]. - The number of corporate clients reached 115,900, accounting for 9.89% of the province's enterprises[31]. - The monthly active users of mobile banking peaked over one million, with an average of 953,200 active users, an increase of 167,300 users or 21.29% year-to-date[55]. Strategic Focus and Initiatives - The bank's strategic focus includes enhancing user data management and expanding market presence through new products and technologies[12]. - The bank aims to align its operations with the "Four New" and "Four Modernizations" strategies to drive growth and innovation[8]. - The company aims to enhance risk management and service quality while focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance[33]. - The bank aims to enhance its digital transformation and support for technology enterprises, green finance, and inclusive finance as part of its strategic initiatives[49]. Risk Management - The company has established a comprehensive risk management system covering all risk categories, enhancing risk quantification capabilities[57]. - The bank's credit risk management framework includes a "three lines of defense" model, enhancing the identification, monitoring, and management of credit risks[155]. - The bank's liquidity risk management preference remains "prudent, compliant, and cautious," ensuring a reasonable liquidity level[176]. - The bank's liquidity coverage ratio stands at 271.91%, with qualified liquid assets amounting to RMB 54.346 billion, and a net cash outflow of RMB 19.987 billion over the next 30 days[179]. Technology and Digital Transformation - The company has implemented a full private cloud deployment of its core transaction system, leading in financial technology applications[40]. - The bank's business intelligence (BI) platform usage increased to over 266,800 times, a growth of 157.7% year-on-year, enhancing data-driven decision-making efficiency[188]. - The bank established a comprehensive digital financial implementation plan for 2024-2026, outlining strategic directions for digital finance development[189]. - The bank's production system availability exceeded 99.99%, demonstrating significant improvements in disaster recovery capabilities[184]. Social Responsibility and Community Engagement - A total of 256 million RMB was donated for social responsibility initiatives, including support for rural revitalization and education for impoverished students[194]. - The company conducted 3,967 consumer rights protection activities, reaching 2.2021 million consumers, with a complaint resolution satisfaction rate of 84.37%[193]. - The cumulative invoicing for the tea industry surpassed 1.25 billion yuan, showcasing the successful implementation of digital financial services[187]. Shareholder Information - As of December 31, 2024, the total share capital amounted to 14,588,046,744 shares, with domestic shares accounting for 84.92% and H shares for 15.08%[197][198]. - The top shareholder of the company is the Guizhou Provincial Finance Department, holding 2,917,500,000 shares, which accounts for 20.00% of the total issued share capital[200].

Core Insights - Guizhou Bank demonstrates strong operational resilience and growth potential, with total assets reaching CNY 589.99 billion and a 9.46% year-on-year increase in operating income to CNY 12.42 billion [1][2] - The bank's net profit attributable to shareholders increased by 3.43% to CNY 3.78 billion, reflecting solid financial performance [1][2] Financial Performance - Total assets grew by 2.29% compared to the beginning of the year, with total loans increasing by 4.56% to CNY 347.08 billion, representing 58.83% of total assets [2] - Deposits reached CNY 375.00 billion, up 5.26%, enhancing the stability of the bank's liabilities [2] - The bank's net interest margin and net interest spread remained high at 1.77% and 1.81%, respectively, indicating strong profitability [2] Asset Quality - Non-performing loan ratio remained stable at 1.72%, with a provision coverage ratio rising to 316%, an increase of 28.27 percentage points [4] - Key capital adequacy ratios improved, with the core Tier 1 capital ratio at 12.24%, Tier 1 capital ratio at 13.16%, and total capital ratio at 14.30% [4] Customer Base and Technological Empowerment - The bank's corporate client base exceeded 115,900, while individual clients surpassed 12.16 million, indicating a broadening service reach [6] - Digital banking engagement saw mobile banking monthly active users peak over one million, showcasing the bank's leadership in transaction processing capabilities [6] Support for Local Economy - Guizhou Bank's financing balance for the real economy reached CNY 230.48 billion, growing by 12.65% year-on-year, supporting local economic development [7] - The bank provided CNY 70.98 billion in loans for the "Four Modernizations" (new industrialization, urbanization, agricultural modernization, and tourism industrialization) [7] Rural Revitalization Efforts - The bank extended its services to 88 counties, establishing over 2,000 agricultural service points, with agricultural loans reaching CNY 107.50 billion [8] - Innovative financial products like "Tea Green Loan" and "Medicine Procurement Loan" were launched, with CNY 16.50 billion in agricultural modernization loans issued [8] Innovation and High-Quality Development - Guizhou Bank is committed to high-quality development, aligning with national strategies and regional needs, focusing on five major financial areas [9] - The bank's technology-driven financial services for innovative enterprises resulted in a 62.2% increase in technology finance loans to CNY 8.07 billion [10] Green and Inclusive Finance - The bank's green finance initiatives led to a 10.85% increase in green credit balance to CNY 57.86 billion, supporting energy-saving and ecological restoration projects [10] - Inclusive finance efforts resulted in a 11.62% growth in micro-enterprise loans to CNY 52.94 billion, with a 12.48% increase in micro-enterprise clients [11] Future Outlook - Guizhou Bank aims to continue exploring new paths for financial innovation while contributing to the high-quality development of Guizhou Province [12]

Annual Performance Overview - Guizhou Bank reported its annual performance for the year ending December 31, 2024, in compliance with the Hong Kong Stock Exchange listing rules[2]. - The board of directors confirmed the annual performance, emphasizing high-quality development and coordinated growth in scale, structure, quality, efficiency, and safety[12]. - The annual report will be uploaded to the bank's website and the Hong Kong Stock Exchange website in due course[2]. - Total assets reached CNY 589.99 billion by the end of 2024, an increase of CNY 13.20 billion, or 2.29% from the beginning of the year[13]. - Total loans amounted to CNY 347.09 billion, up CNY 15.14 billion, or 4.56% year-to-date[13]. - Total deposits increased to CNY 375.00 billion, reflecting a growth of CNY 18.76 billion, or 5.26% from the start of the year[13]. - Operating revenue for 2024 was CNY 12.42 billion, a year-on-year increase of CNY 1.07 billion, or 9.46%[13]. - Net profit reached CNY 3.78 billion, up CNY 0.13 billion, or 3.43% year-on-year[13]. Financial Health Indicators - The bank's financial indicators and accounting data will be summarized in the annual report, providing insights into its financial health[4]. - Non-performing loan ratio stood at 1.72% with a provision coverage ratio of 315.98% by the end of 2024[13]. - The number of corporate clients increased to 115,900, a net increase of 7,000, or 6.38% from the beginning of the year[13]. - The number of individual clients reached 12.17 million, with a net increase of 489,500, or 4.19% year-to-date[13]. - Total liabilities increased to CNY 537.68 billion, up CNY 9.31 billion or 1.76% from the start of the year[51]. - The total equity to total assets ratio was 8.87%, an increase from 8.39% in 2023[45]. Strategic Initiatives and Growth - The bank aims to enhance its market position through strategic initiatives aligned with national financial policies[12]. - The bank is focused on achieving sustainable growth while navigating regulatory challenges in the financial sector[12]. - The bank's operational framework is guided by the principles of the new era of socialism with Chinese characteristics[12]. - The company aims to enhance risk management and service quality while focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance[33]. - The company has established a modern financial service matrix across 88 counties, with over 2,000 rural service points[40]. Technology and Digital Transformation - The company has implemented a full private cloud deployment of its core transaction system, leading the industry in distributed architecture transformation[40]. - The bank's electronic channel transactions accounted for 99.32% of total transactions, completing 716 million transactions, a year-on-year growth of 17.02%[72]. - The bank's BI platform usage increased to over 266,800 times, a growth of 157.7% year-on-year, enhancing data-driven decision-making efficiency[188]. - The bank's digital financial development plan outlines strategic directions and measures for 2024 to 2026, ensuring targeted growth[189]. Risk Management and Compliance - The bank's credit risk management framework includes a "three lines of defense" model, enhancing the identification, monitoring, and management of credit risks[155]. - The bank has continuously improved its internal control system and enhanced anti-money laundering technology, leading to effective monitoring and reporting of suspicious transactions[164]. - The bank's liquidity coverage ratio stands at 271.91%, with qualified liquid assets amounting to RMB 54.346 billion, and a net cash outflow of RMB 19.987 billion over the next 30 days[179]. - The bank's liquidity risk management preference remains "prudent, compliant, and cautious," ensuring a reasonable liquidity level[176]. Community Engagement and Social Responsibility - The company donated a total of CNY 2.56 million during the reporting period, supporting rural revitalization and various public welfare activities[194]. - The company conducted 3,967 consumer education events, reaching 2.2021 million participants, while complaints decreased by 87 cases, a reduction of 8.02%, with a resolution satisfaction rate of 84.37%[193]. Shareholder Information - The total share capital as of December 31, 2024, was 14,588,046,744 shares, with domestic shares accounting for 84.92% and H shares for 15.08%[197]. - The top shareholder of the company is the Guizhou Provincial Finance Department, holding 2,917,500,000 shares, which accounts for 20.00% of the total issued share capital[200].

财联社11月19日讯（记者 彭科峰） 落马已久的贵州银行上市功臣李志明有了新消息！ 11月18日，正义网发布消息，从最高人民检察院获悉，贵州银行原党委书记、董事长李志明（正厅级） 涉嫌受贿罪、违法发放贷款罪一案，经贵州省人民检察院指定管辖，由六盘水市人民检察院依法向六盘 水市中级人民法院提起公诉。检方指出，应以受贿罪、违法发放贷款罪追究李志明的刑事责任。 60后董事长李志明被指违法放贷 在任期间贵州银行在港上市 昨日，正义网披露了李志明的最新消息。据介绍，贵州当地的检察机关在审查起诉阶段，依法告知了李 志明享有的诉讼权利，并依法讯问了被告人，听取了辩护人的意见。六盘水市人民检察院起诉指控：李 志明利用担任湖北银行副行长，贵州银行党委书记、董事长等职务上的便利，为他人谋取利益，非法收 受他人财物，数额特别巨大；违反国家规定发放贷款，数额特别巨大，依法应当以受贿罪、违法发放贷 款罪追究其刑事责任。 公开信息显示，李志明出生于1961年，曾在中国农业银行、深圳发展银行、湖北银行、贵州银行工作多 年。2017年12月，李志明加入贵州银行，担任党委书记候选人、董事长候选人。2018年4月，李志明担 任贵州银行党委书记、 ...

Group 1 - The Guizhou banking sector is facing scrutiny as Li Zhiming, the former Party Secretary and Chairman of Guizhou Bank, has been prosecuted for bribery and illegal loan issuance [1][2] - Li Zhiming is accused of leveraging his positions at Hubei Bank and Guizhou Bank to gain illegal benefits, with the amounts involved being particularly large [2] - The case is currently under further investigation, with the local procuratorate formally charging Li Zhiming and informing him of his legal rights during the prosecution phase [2]

Company Overview - The company's H-shares are listed on the Hong Kong Stock Exchange with a stock code of 6199.HK[13] - The company's registered address is located at No. 9 Yongchang Road, Guanshanhu District, Guiyang City, Guizhou Province, China[13] - The company's financial license number is B1383H252010001[13] - The company's unified social credit code is 915200000550280000[13] - The company's H-shares were first traded on the Hong Kong Stock Exchange on December 30, 2019[7] - The company's H-share registrar and transfer office is Hong Kong Central Securities Registration Co., Ltd[14] - The company's overseas auditor is BDO Limited, Hong Kong[14] - The company's domestic auditor is Lixin Certified Public Accountants (Special General Partnership)[14] - The company's legal representative is Mr. Yang Mingshang[13] - The company's board secretary and company secretary is Mr. Zhou Guichang[12] Financial Performance - Net interest income decreased by 13.77% to RMB 4,342.58 million in H1 2024 compared to H1 2023[16] - Total operating income declined by 7.20% to RMB 5,967.27 million in H1 2024 compared to H1 2023[16] - Net profit decreased by 3.80% to RMB 2,122.50 million in H1 2024 compared to H1 2023[16] - Total assets increased by 2.02% to RMB 588,440.54 million as of June 30, 2024 compared to December 31, 2023[17] - Total loans and advances increased by 5.03% to RMB 348,653.94 million as of June 30, 2024 compared to December 31, 2023[17] - Non-performing loan ratio improved slightly to 1.65% as of June 30, 2024, down from 1.68% at the end of 2023[17] - Provision coverage ratio increased to 290.57% as of June 30, 2024, up from 287.71% at the end of 2023[17] - Core tier 1 capital adequacy ratio stood at 11.21% as of June 30, 2024, slightly down from 11.25% at the end of 2023[17] - Total assets reached 588.441 billion yuan, an increase of 11.655 billion yuan (2.02%) compared to the beginning of the year[22] - Total loans amounted to 348.654 billion yuan, an increase of 16.705 billion yuan (5.03%) compared to the beginning of the year[22] - Operating income was 5.967 billion yuan, a decrease of 463 million yuan (7.20%) year-on-year[22] - Net profit was 2.123 billion yuan, a decrease of 84 million yuan (3.80%) year-on-year[22] - Non-performing loan ratio was 1.65%, a decrease of 0.03 percentage points compared to the beginning of the year[22] - Green credit balance reached 56.85 billion yuan, an increase of 4.656 billion yuan (9.02%) compared to the beginning of the year[24] - Technology finance loan balance was 6.884 billion yuan, an increase of 1.908 billion yuan (38.34%) compared to the beginning of the year[23] - Pension finance loan balance was 827 million yuan, an increase of 534 million yuan (182.25%) compared to the beginning of the year[26] - Provision coverage ratio was 290.57%, an increase of 2.86 percentage points compared to the beginning of the year[22] - The company provided 17.717 billion yuan in loans to 23,600 small and micro customers under inclusive finance[25] - The company's total financing balance for the real economy reached 216.621 billion yuan, an increase of 12.017 billion yuan or 5.87% compared to the beginning of the year[28] - The company's supply chain finance customers reached 980, with a trade financing balance of 12.071 billion yuan, and 85.1% of the 7.687 billion yuan trade financing was allocated to small and medium-sized enterprises, meeting the financing needs of 620 SMEs[29] - The company's cash management system served 2,030 customers, an increase of 138 or 7.29% compared to the beginning of the year, with a year-on-year growth rate of 18.51%. The system processed 29,381 financial transactions, a year-on-year increase of 29.10%, with a transaction amount of 62.974 billion yuan, a year-on-year increase of 136.22%[29] - The company's institutional deposits reached 74.396 billion yuan, an increase of 6.202 billion yuan or 9.09% compared to the beginning of the year, with institutional customers increasing by 571 or 3.31% to 17,813[30] - The company's agricultural modernization loan balance reached 27.605 billion yuan, with a cumulative issuance of 8.9 billion yuan during the reporting period[31] - The company's personal deposit customers reached 11.9214 million, an increase of 242,400 or 2.08% compared to the beginning of the year, with personal deposit balances reaching 182.758 billion yuan, an increase of 9.396 billion yuan or 5.42%[32] - The company's consumer finance loan balance reached 34.55 billion yuan, an increase of 1.971 billion yuan compared to the beginning of the year[33] - The company's inclusive small and micro enterprise loan balance reached 49.034 billion yuan, an increase of 1.606 billion yuan compared to the beginning of the year, with the number of inclusive small and micro enterprise customers reaching 62,700, an increase of 3,600[34] - The company's bond trading spread income increased by 358.62% year-on-year, and the net profit of proprietary business increased by 109.02% year-on-year[35] - The company's net profit for the first half of 2024 was RMB 2.1225 billion, a decrease of 3.80% year-on-year[38] - Interest income for the first half of 2024 was RMB 10.957 billion, a decrease of 5.45% compared to the same period last year[39] - The company's net interest income for the first half of 2024 was RMB 4.34258 billion, accounting for 72.77% of operating income[40] - The average yield on total interest-earning assets for the first half of 2024 was 4.25%, a decrease from 4.76% in the same period last year[41] - The company's net interest margin for the first half of 2024 was 1.68%, down from 2.07% in the same period last year[42] - The company's electronic channel financial transactions accounted for 99.23% of total transactions, with 336 million transactions, a year-on-year increase of 24.12%[37] - The number of mobile banking customers reached 6.7566 million, an increase of 266,300 from the beginning of the year[37] - The company's asset management business focused on fixed-income assets, with all existing wealth management products being net-value products[36] - The company's fee and commission income for the first half of 2024 was RMB 307.78 million, an increase of 9.84% year-on-year[39] - The company's investment securities net income for the first half of 2024 was RMB 887.57 million, a significant increase of 76.58% year-on-year[39] - Interest income decreased by RMB 631.98 million (5.45%) to RMB 10.957 billion in the first half of 2024 compared to the same period in 2023[47] - Customer loan interest income decreased by RMB 502 million (5.85%) to RMB 8.092 billion in the first half of 2024[48] - Financial investment interest income decreased by RMB 140 million (5.32%) to RMB 2.487 billion in the first half of 2024[50] - Interest income from deposits with central bank increased by RMB 4 million (3.06%) to RMB 149 million in the first half of 2024[51] - Interest income from deposits with other financial institutions increased by RMB 28 million (168.80%) to RMB 44 million in the first half of 2024[51] - Interest expense increased by RMB 62 million (0.94%) to RMB 6.614 billion in the first half of 2024[53] - Customer deposit interest expense decreased by RMB 31 million (0.71%) to RMB 4.377 billion in the first half of 2024[54] - Interest expense on deposits from other financial institutions increased by RMB 52 million (17.33%) to RMB 350 million in the first half of 2024[54] - Net fee and commission income increased by RMB 4.9 million (2.43%) to RMB 206.44 million in the first half of 2024[58] - Investment securities net income increased by RMB 385 million (76.58%) to RMB 888 million in the first half of 2024[60] - Employee costs decreased by RMB 320.8 million (3.08%) to RMB 10.10 billion in the first half of 2024[62][63] - Depreciation and amortization decreased by RMB 187.2 million (9.80%) to RMB 1.72 billion in the first half of 2024[62][63] - Other general and administrative expenses decreased by RMB 253.7 million (8.71%) to RMB 2.66 billion in the first half of 2024[62][63] - Impairment losses decreased by RMB 248 million (11.48%) to RMB 1.908 billion in the first half of 2024[64][65] - Income tax decreased by RMB 491.4 million (13.49%) to RMB 3.15 billion in the first half of 2024[66][67] - Total assets increased by RMB 11.655 billion (2.02%) to RMB 5,884.41 billion as of June 30, 2024[69][70] - Loans and advances increased by RMB 16.705 billion (5.03%) to RMB 3,486.54 billion as of June 30, 2024[71][72] - Corporate loans and advances increased by RMB 13.234 billion (4.85%) to RMB 2,861.95 billion as of June 30, 2024[73] - Personal loans and advances increased by RMB 1.547 billion (3.25%) to RMB 490.77 billion as of June 30, 2024[74] - Investment securities and other financial assets decreased by RMB 8.427 billion (3.98%) to RMB 2,035.30 billion as of June 30, 2024[74][75] - Total liabilities increased by RMB 9.765 billion to RMB 5,381.33 billion, a growth of 1.85% compared to the end of the previous year[79] - Customer deposits grew by RMB 14.066 billion to RMB 3,703.12 billion, an increase of 3.95%[81] - Interbank and other financial institution deposits rose by RMB 1.136 billion to RMB 26.518 billion, up 4.47%[83] - Issued bonds decreased by RMB 6.944 billion to RMB 87.323 billion, a decline of 7.37%[84] - Total equity increased by RMB 1.890 billion to RMB 503.08 billion, a growth of 3.90%[84] - Central and local government bonds accounted for 41.35% of financial investments, totaling RMB 84.151 billion[77] - Policy bank bonds made up 15.16% of financial investments, amounting to RMB 30.846 billion[77] - Corporate bonds represented 13.08% of financial investments, totaling RMB 26.625 billion[77] - Investment funds managed by public fund managers accounted for 22.44% of financial investments, amounting to RMB 45.679 billion[77] - Asset-backed securities represented 0.20% of financial investments, totaling RMB 397.26 million[77] - Total loans and advances reached RMB 348.65 billion, an increase of RMB 16.71 billion (5.03%) compared to the beginning of the year[92] - Non-performing loan (NPL) ratio decreased to 1.65%, down by 0.03 percentage points from the beginning of the year[88] - Corporate loans and advances accounted for 82.08% of total loans, a slight decrease of 0.15 percentage points from the beginning of the year[92] - Personal loans and advances accounted for 14.08% of total loans, a decrease of 0.24 percentage points from the beginning of the year[92] - The balance of bills discounting increased to RMB 13.38 billion, accounting for 3.84% of total loans, up by 0.39 percentage points from the beginning of the year[92] - The balance of non-performing loans was RMB 5.76 billion, with a NPL ratio of 1.65%[88] - The balance of special mention loans (关注类) was RMB 10.08 billion, accounting for 2.89% of total loans, down by 0.03 percentage points from the beginning of the year[88] - The balance of credit card commitments increased to RMB 14.41 billion, up from RMB 12.89 billion at the end of 2023[87] - The total balance of acceptances, letters of credit, credit card commitments, and guarantees was RMB 24.75 billion, slightly up from RMB 24.31 billion at the end of 2023[87] - The company's total loans amounted to RMB 348.65 billion, with a non-performing loan (NPL) ratio of 1.65%, a slight decrease from 1.68% at the end of 2023[94] - The real estate sector's NPL balance decreased by RMB 983 million to RMB 2.063 billion, with the NPL ratio dropping significantly by 11.85 percentage points to 28.54%[95] - The leasing and commercial services sector accounted for 33.83% of total loans, with an NPL ratio of 0.56%, a slight increase from 0.53% at the end of 2023[94] - The wholesale and retail sector's loan balance increased to RMB 43.81 billion, with an NPL ratio of 1.01%, up from 0.71% at the end of 2023[94] - The construction sector's NPL ratio increased to 1.44%, up from 1.03% at the end of 2023, with an NPL balance of RMB 278.94 million[94] - The company's mortgage loans had the highest NPL ratio at 5.27%, a decrease from 7.10% at the end of 2023[96] - The overdue loan balance increased by RMB 2.455 billion to RMB 8.901 billion, with an overdue rate of 2.55%, up from 1.94% at the end of 2023[97] - Loans overdue within 3 months accounted for 1.01% of total loans, an increase of 0.37 percentage points from the end of 2023[97] - Loans overdue between 3 months and 1 year accounted for 1.17% of total loans, an increase of 0.24 percentage points from the end of 2023[97] - The company's credit loans had an NPL ratio of 1.68%, an increase of 0.52 percentage points from the end of 2023[96] - The manufacturing industry and leasing and business services industry accounted for 1.12% and 0.92% of the total loan balance, respectively, with 30-day ratios of 7.34% and 6.04% of net capital[98] - The largest single borrower's loan balance was 3.909 billion yuan, accounting for 1.12% of the total loan balance and 7.34% of net capital[98] - The top ten borrowers' loan balance was 24.344 billion yuan, accounting for 6.97% of the total loan balance and 45.72% of net capital[98] - Corporate banking business generated net interest income of 5.379 billion yuan, while retail banking business had a net interest expense of 1.331 billion yuan[99] - The company's total operating income for the first half of 2024 was 5.967 billion yuan, with corporate banking contributing 48.34%[102] - Core tier 1 capital adequacy ratio decreased slightly from 11.25% at the end of 2023 to 11.21% at the end of June 2024[103] - Total capital adequacy ratio decreased from 13.30% at the end of 2023 to 13.22% at the end of June 2024[103] - The company's pre-tax profit for the first half of 2024 was 2.438 billion yuan, with funds business contributing the largest share at 1.138 billion yuan[99] - Fee and commission net income for corporate banking was 111.65 million yuan, while retail banking had a net expense of 9.14 million yuan[99] - Investment securities net income for funds business was 887.57 million yuan, accounting for 14.87% of total operating income[99] - Core Tier 1 capital increased to RMB 46,808.34 million as of June 30, 2024, up from RMB 44,918.43 million at the end of 2023[104] - Core Tier 1 capital adequacy ratio slightly decreased to 11.21% in 2024 from 11.25% in 2023[104] - Total capital adequacy ratio stood at 13.22% in 2024, compared to 13.30% in 2023[104] - Risk-weighted assets increased to RMB 402,878.21 million in 2024 from RMB 383,889.98 million in 2023[104] Risk Management - The company strengthened its credit risk management framework, focusing on high-quality development and optimizing policies and processes[105] - Market risk management was enhanced with improved risk identification, quantification, and monitoring, with all market

Financial Performance - Guizhou Bank reported a net interest income of RMB 4,342.58 million for the first half of 2024, a decrease of 13.77% compared to RMB 5,036.29 million in 2023[16]. - Total operating income for the bank was RMB 5,967.27 million, down 7.20% from RMB 6,429.95 million in the previous year[16]. - The bank's net profit for the first half of 2024 was RMB 2,122.50 million, reflecting a decline of 3.80% from RMB 2,206.35 million in 2023[16]. - The company achieved a pre-tax profit of 2.44 billion RMB in the first half of 2024, a decrease of 5.17% year-on-year[40]. - Net profit for the same period was 2.12 billion RMB, down 3.80% compared to the previous year[40]. - Interest income totaled 10.96 billion RMB, a decline of 5.45% from 11.59 billion RMB in the previous year[41]. - The company processed 336 million electronic financial transactions, an increase of 24.12% year-on-year[39]. - The bank's total operating expenses for the six months ending June 30, 2024, amount to RMB 1.613 billion[104]. Asset and Liability Management - The total assets of Guizhou Bank reached RMB 588,440.54 million as of June 30, 2024, representing a growth of 2.02% from RMB 576,786.03 million at the end of 2023[17]. - Guizhou Bank's total liabilities increased to RMB 332,691.36 million, up 5.08% from RMB 316,610.23 million at the end of 2023[17]. - Customer deposits reached RMB 370.31 billion as of June 30, 2024, reflecting an increase of RMB 14.07 billion or 3.95% from the end of 2023[87]. - The bank's liquidity coverage ratio decreased to 273.59% as of June 30, 2024, down from 365.70% at the end of 2023[17]. - The bank's total capital adequacy ratio was reported at 13.22%, slightly down from 13.30%[109]. Loan Portfolio and Quality - Total loans amounted to CNY 348.65 billion, up CNY 16.705 billion, or 5.03% year-to-date[23]. - The non-performing loan ratio improved slightly to 1.65% as of June 30, 2024, down from 1.68% at the end of 2023[17]. - The non-performing loan balance was RMB 57.57 billion, with a non-performing loan ratio of 1.65%, a decrease of 0.03 percentage points from the beginning of the year[94]. - The overdue loan balance increased to RMB 8.90 billion, with an overdue rate of 2.55%, up 0.61 percentage points from the beginning of the year[101]. - The proportion of normal loans was 95.46%, slightly up from 95.40% at the end of 2023, indicating stable loan quality[94]. Risk Management - The bank has established a comprehensive risk management system to support its business development and ensure stability[13]. - The bank continues to enhance its credit risk management policies and frameworks to improve overall risk management effectiveness[110]. - The bank has implemented a robust information technology risk management system, ensuring no significant technology risk events occurred during the reporting period[114]. - The bank's market risk indicators, including trading book profit and loss and Value at Risk (VaR), remained within the set limits during the first half of 2024[112]. - The bank has established a comprehensive anti-money laundering management structure involving the board of directors, supervisory board, senior management, and various functional departments[117]. Digital Transformation and Innovation - Guizhou Bank is the first bank in China to fully deploy its main trading systems on a private cloud, enhancing its operational capabilities[14]. - The bank's intelligent micro-loan platform has seen a loan balance exceed 9 billion, with over 15,000 new applications and 12,000 customers served during the reporting period[136]. - The bank's digital platform has facilitated 300,000 transactions, leading to an average daily deposit of 200 million[136]. - The bank has launched 211 digital branches, laying a solid foundation for comprehensive transformation[39]. - The bank's digital financial services have expanded into the catering and tourism industries, with significant projects like "Qian Wine Qian Cuisine" and "Xijiang Qianhu Miao Village" systems being launched[136]. Corporate Governance and Shareholder Structure - The bank's chairman is Yang Mingshang, who is also the legal representative[11]. - The board of directors consists of 13 members, including 3 executive directors and 5 non-executive directors[180]. - The top shareholder, Guizhou Provincial Finance Department, holds 20.00% of the total issued share capital[149]. - The second-largest shareholder, China Guizhou Moutai Distillery (Group) Co., Ltd., holds 12.00% of the total issued share capital[149]. - The company has undergone significant changes in its board and supervisory roles during the reporting period[185]. Social Responsibility and Community Engagement - A total of 220 million yuan was donated by the company during the reporting period, reflecting its commitment to social responsibility[144]. - The company organized 931 consumer rights protection education activities, reaching 774,500 consumers during the reporting period[143]. - The company has established 327 outdoor worker care stations to provide essential services[144].