6月26日，山东省"弘扬中国特色金融文化 培育'好品金融'品牌"工作座谈会在济南召开，威海银行党委 书记、董事长孟东晓在会上围绕绿色金融发展情况作交流发言，系统介绍了威海银行坚持服务实体经 济、积极推动绿色转型的经验做法和实践成果。 近年来，威海银行紧扣中央金融"五篇大文章"工作思路，全面对接国家绿色低碳高质量发展战略，加快 金融产品和服务体系创新，持续提升绿色金融发展质效。自2018年起，该行积极推进绿色金融体系建 设，建立了"1+3+5+N"绿色产品体系，发布"绿色成金"特色品牌，设立绿色支行，累计发行70亿元绿色 金融债券，绿色资产规模持续攀升。截至2025年5月末，绿色贷款余额达515.13亿元，较年初增长 38.19%。绿金综合评价结果位居全省前列，连续两年获评威海市"绿色低碳高质量发展先进集体"，并荣 获"2024年中国品牌日山东品牌价值企业"等荣誉称号。 孟东晓介绍，威海银行将绿色金融发展纳入全行战略层面推进，成立绿色金融管理委员会，出台《绿色 金融三年行动方案（2023-2025）》，在总分行设立绿色金融部与绿色支行，强化组织体系保障，全面 提升绿色金融服务质效。聚焦生态、和谐、共赢的发展理念 ...

Group 1 - Multiple banks have been fined millions for regulatory violations, with several responsible individuals banned from the banking industry [1][2] - Agricultural Bank of China Zhaotong Branch was fined 2.4 million yuan for imprudent loan management and other violations, with two individuals banned for 10 and 11 years respectively [3] - Yunnan Luquan Rural Commercial Bank was fined 1.35 million yuan for inadequate personal loan management and misuse of credit funds, with one individual receiving a warning [5] Group 2 - Yunnan Xundian Rural Commercial Bank was fined 300,000 yuan for imprudent loan management, with one individual banned for 10 years [5] - Regulatory bodies have intensified scrutiny on banks' compliance, with several banks facing significant fines in June [6][7] - China People's Bank of Liaoning Province fined Everbright Bank Shenyang Branch 2.29 million yuan for multiple violations, including failure to comply with financial statistics and customer identity verification [7]

在国家"双碳"战略的驱动下，威海银行将绿色金融作为服务实体经济重要抓手，构建起涵盖绿色技术研 发、场景应用、产业转型等全周期服务矩阵，通过优化信贷资源配置、创新金融工具应用，精准对接区 域特色化绿色发展需求，持续为区域经济绿色转型注入金融活水，在绿水青山与金山银山之间架起畅通 的金融桥梁。 在威海，一农业发展公司受行业结算模式影响，面临着严峻的资金压力：上游客户要求现款结算导致采 购资金支出集中，而下游客户回款周期长达6个月，造成现金流持续紧张。同时，企业可用抵押资产有 限，传统融资渠道受阻，发展受到制约。针对这一困境，威海银行通过深入调研，与企业充分沟通后， 创新授信方案，成功发放950万元绿色贷款，专项用于苗木培育与采购。该方案不仅缓解了企业的短期 资金压力，还支持其构建"育林—固碳—增收"的循环发展模式，在解决融资难题的同时强化了生态效 益，实现了经济效益与环境效益的双赢。 同期，威海银行重点支持聊城某塑胶科技公司的3亿元绿色项目贷款也成功落地。该企业贷款资金主要 用于9.36万吨氯化聚乙烯和20万吨聚合氯化铝生产，聚合氯化铝作为高效净水剂，较传统产品节省30% 用量及40%成本，投产后将推动我国水处理 ...

出品|WEMONEY研究室 文|王彦强 2024年，山东三家上市城商行交出了差异化的成绩单：青岛银行以20.16%的归母净利润增速位居榜首；威海银行则以1.77%的净息差领先同业。然而，齐鲁银行虽以49.86亿元的净利润规模拔 从业务结构看，三家银行战略侧重各异——威海银行公司业务占比超六成，青岛银行零售收入贡献突出，而齐鲁银行在资产规模增速（14.01%）上持续领跑。值得注意的是，三家上市城商行的存 青岛银行利润增速第一 威海银行息差最高 威海银行不良贷款率最高 从资产规模来看，排名第一的是青岛银行，为6899.63亿元。齐鲁银行紧随其后，为6895.39亿元，威海银行排名第三，为4414.64亿元。 从资产规模增速来看，三家山东城商行都保持在双位数，其中齐鲁银行，以14.01%的增速排名第一。青岛银行和威海银行分别以13.48%、12.65%排名第二和第三。 山东三家上市城商行2024年总资产及资产质量情况 值得一提的是，齐鲁银行近几年的资产规模增长势头很猛，显著高于青岛银行。 从归母净利润表现来看，齐鲁银行2024年实现归母净利润49.86亿元，排名第一，青岛银行、威海银行分别以42.64亿元、19.9 ...

Financial Performance - Net interest income for 2024 reached RMB 6,999.9 million, an increase of 5.68% compared to RMB 6,623.5 million in 2023[11]. - Total operating income was RMB 9,315.6 million, reflecting a growth of 6.64% from RMB 8,735.4 million in the previous year[11]. - Net profit attributable to shareholders was RMB 1,991.7 million, up 2.99% from RMB 1,933.8 million in 2023[11]. - Total assets increased to RMB 441,463.8 million, marking a 12.65% rise from RMB 391,876.8 million in 2023[11]. - Total loans amounted to RMB 210,331.2 million, a growth of 10.72% compared to RMB 189,965.2 million in the previous year[11]. - Total operating income for 2024 was RMB 93.16 billion, up RMB 5.80 billion or 6.64% from 2023[26]. - Net profit for the year was CNY 2.198 billion, an increase of CNY 0.082 billion, or 3.87% year-on-year[25]. - Operating expenses increased by 14.73% to RMB 22.38 billion in 2024, compared to RMB 19.50 billion in 2023[26]. - The company reported a significant increase in tax expenses, rising by 75.67% to RMB 3.08 billion in 2024[26]. Asset and Liability Management - Total assets reached CNY 441.46 billion, an increase of CNY 49.59 billion, or 12.65% compared to the end of 2023[23]. - Total deposits increased by CNY 26.89 billion, or 10.09%, compared to the end of 2023[23]. - Total loans increased by CNY 20.37 billion, or 10.72%, compared to the end of 2023[23]. - Total liabilities amounted to RMB 410,666.3 million, an increase of RMB 467.97 million or 12.86% from RMB 363,868.9 million[91]. - Customer deposits, the main source of funding, totaled RMB 293,489.5 million, an increase of RMB 26,893 million or 10.09% from RMB 266,596.2 million[94]. - The total amount of bonds issued by the company reached RMB 49.718 billion, an increase of RMB 12.272 billion or 32.77% from the end of 2023, driven by adjustments in the liability business structure and increased issuance of low-interest market funds[98]. Risk Management - The company has established a comprehensive risk management framework, including a board of directors, supervisory board, and specialized committees to oversee risk management policies and procedures[168]. - Credit risk management aims to ensure the safe development of credit business and asset quality, balancing risk and return while adhering to regulatory requirements[175]. - The company has implemented a full-process management system for market risk, including identification, measurement, monitoring, control, and reporting[178]. - The operational risk management policy has been revised to align with regulatory requirements, establishing a clear framework for risk identification and control[181]. - The company has established a clear and comprehensive credit risk management policy system, including guidelines for credit approval and management[175]. Digital Transformation and Technology - The bank's digital transformation strategy focuses on data standardization and online intelligence, enhancing its financial technology capabilities[149]. - The bank's total investment in information technology for 2024 is CNY 175.2555 million, accounting for 1.88% of operating income[149]. - The bank has 498 self-service banking facilities, including 239 smart devices equipped with facial recognition technology[142]. - The bank's online banking platform processed a total transaction amount of CNY 13.26434 trillion during the reporting period, serving approximately 697,700 online banking customers[144]. - The bank's mobile banking users increased by 19.22% to approximately 3.8 million, with total transactions processed amounting to CNY 209.365 billion[145]. Corporate and Retail Banking - Corporate banking business revenue increased to RMB 5,817.5 million, representing 62.45% of total revenue, up from 58.32% in the previous year[114]. - Retail banking business revenue decreased to RMB 1,691.7 million, accounting for 18.16% of total revenue, down from 20.27% in the previous year[114]. - The average interest rate for inclusive small and micro enterprise loans was 4.51%, with a total of 73,300 loan accounts supporting the funding needs of these enterprises[121]. - The balance of supply chain financing business reached 8.741 billion yuan by the end of the reporting period[123]. - Personal deposit balance increased to 142.096 billion yuan, up by 12.30% from the end of 2023[128]. Awards and Recognition - The bank has received multiple awards, including "Top Ten Urban Commercial Banks in China" and "Most Competitive Small and Medium Bank"[9]. - The company has been recognized with the highest ESG rating of "A" for two consecutive years, enhancing brand influence and social reputation[24]. - Tongda Financial Leasing was recognized as a "Leading Green Leasing Enterprise" and "Most Growth-Oriented Financial Leasing Company" in 2024[151].

Financial Performance - Weihai Bank reported a registered capital of RMB 5,980,058,344 as of December 31, 2024[10]. - In 2024, the bank's net interest income reached RMB 6,999.9 million, an increase of 5.68% compared to RMB 6,623.5 million in 2023[14]. - The bank's total assets as of the end of 2024 amounted to RMB 441,463.8 million, reflecting a growth of 12.65% from RMB 391,876.8 million in 2023[14]. - The net profit attributable to shareholders was RMB 1,991.7 million in 2024, up 2.99% from RMB 1,933.8 million in 2023[14]. - The bank's loan total reached RMB 210,331.2 million, marking a 10.72% increase from RMB 189,965.2 million in 2023[14]. - Operating income for the year was CNY 9.316 billion, an increase of CNY 0.582 billion or 6.64% year-on-year[26]. - Net profit for the year was CNY 2.198 billion, an increase of CNY 0.082 billion or 3.87% year-on-year[26]. - The cost-to-income ratio for 2024 is 22.88%, up from 21.31% in 2023[58]. - Pre-tax profit for 2024 was RMB 2.51 billion, an increase of RMB 214.6 million or 9.37% compared to 2023[64]. Risk Management - The report indicates that there were no significant risks identified that could adversely affect the bank's future development strategy and operational goals[7]. - The company has established a comprehensive risk management framework, including a board of directors, supervisory board, and senior management, to oversee credit, market, and information technology risks[170]. - The credit risk management policy aims to ensure stable development of credit business and asset quality, balancing risk and return while adhering to regulatory requirements[178]. - The company has implemented a full-process management system for market risk, including identification, measurement, monitoring, control, and reporting[181]. - The bank has successfully implemented operational risk management policies, ensuring no significant operational risk loss events occurred during the reporting period[183]. - The bank conducts quarterly liquidity stress tests to assess the impact of various risks on its operations and adjust emergency plans accordingly[187]. Capital and Equity - The bank's capital adequacy ratio stood at 13.76% in 2024, a slight increase from 13.38% in 2023[15]. - Total equity reached RMB 30.80 billion, an increase of RMB 2.79 billion or 9.96% from the end of 2023, with equity attributable to shareholders increasing by 12.46%[102]. - The core tier 1 capital ratio increased to 9.31% from 8.77% year-on-year[159]. - The total capital adequacy ratio improved to 13.76% from 13.38% year-on-year[159]. Loans and Advances - The total amount of loans and advances was RMB 210.33 billion, up RMB 20.37 billion or 10.72% from the end of 2023[106]. - The total amount of non-performing loans was RMB 2.96 billion, an increase of RMB 0.20 billion or 7.25% from the end of 2023[106]. - The non-performing loan ratio decreased by 0.04 percentage points to 1.41% as of the end of 2024[108]. - Individual loans decreased to RMB 43.30 billion, down RMB 1.10 billion or 2.48% from 2023[68]. Deposits and Liabilities - As of the end of 2024, total deposits amounted to RMB 293.49 billion, an increase of RMB 26.89 billion or 10.09% compared to the end of 2023[99]. - Total liabilities reached RMB 410,666.3 million as of December 31, 2024, an increase of RMB 467.97 million or 12.86% from RMB 363,868.9 million in 2023[94]. - The proportion of deposits in total liabilities was 73.53% as of December 31, 2024, compared to 75.30% in 2023[95]. Digital Transformation and Technology - The company aims to enhance its digital construction and service quality through technology integration with business departments[153]. - The bank's online banking platform processed a total transaction amount of CNY 13.26434 trillion during the reporting period[147]. - The number of mobile banking users increased by 19.22% to approximately 3.8 million by the end of the reporting period[148]. - The total investment in information technology for 2024 is CNY 175.2555 million, accounting for 1.88% of operating income[152]. Green Finance Initiatives - Green loan balance reached CNY 37.713 billion, an increase of CNY 11.692 billion or 44.93% year-to-date, accounting for 17.93% of total loans[26]. - The bank established a green finance department and green branches to enhance its green finance initiatives[26]. - The company actively supports key industries aligned with national policy, including green finance and supply chain financing[123]. Corporate Governance - The bank's board of directors confirmed the annual performance report for the fiscal year ending December 31, 2024, which has been audited and received a standard unqualified opinion[7]. - The report emphasizes the importance of accurate and complete financial reporting, with the board taking responsibility for the data presented[7]. - The board meeting that approved the annual report had full attendance with 15 directors present[7].

Capital and Shareholder Information - The registered capital of Weihai City Commercial Bank is RMB 5,980,058,344[8] - The company has issued a total of 5,980,058,344 shares, including 4,971,197,344 domestic shares and 1,008,861,000 H shares[144] - The top shareholder, Shandong Expressway Group, holds 2,126,237,528 shares, representing 35.56% of total shares[147] - The domestic shareholder count stands at 1,038 as of the reporting period[146] - The top three shareholders include Shandong High-Speed Group Company (47.16%), Weihai Finance Bureau (15.38%), and Shandong High-Speed (11.60%)[149] - The company has a significant concentration of ownership, with the top five shareholders holding over 75% of the total shares[154] Financial Performance - The report period ended on June 30, 2024, covering six months of financial performance[7] - Net interest income for the first half of 2024 was RMB 3,463.3 million, an increase of 5.21% compared to RMB 3,291.7 million in the same period of 2023[10] - Total operating income reached RMB 4,556.0 million, reflecting a growth of 4.76% from RMB 4,349.0 million year-on-year[10] - Net profit attributable to shareholders was RMB 1,074.5 million, up 2.58% from RMB 1,047.5 million in the previous year[10] - The net profit for the first half of 2024 was RMB 1.188 billion, an increase of RMB 0.034 billion, or 2.90% year-on-year[19] - The bank's total pre-tax profit for the first half of 2024 was RMB 1,415.9 million, an increase from RMB 1,288.5 million in the same period of 2023[88] Asset and Liability Management - Total assets as of June 30, 2024, amounted to RMB 422,864.1 million, representing a 7.91% increase from RMB 391,876.8 million at the end of 2023[11] - Total liabilities reached RMB 393,542 million, an increase of 8.15% from RMB 3,638,690 million at the end of 2023, primarily due to growth in deposits and issued bonds[70] - The total amount of loans and advances issued by the company reached RMB 205.42 billion, an increase of RMB 15.46 billion, or 8.14%, compared to the end of 2023[51] - The total deposits increased by RMB 15.14 billion, or 5.68%, while the total loans increased by RMB 15.46 billion, or 8.14% compared to the end of 2023[17] - The bank's liquidity ratio stood at 97.06%, significantly higher than 86.52% in the previous period[13] Risk Management - The bank did not identify any significant risks that could adversely affect its future development strategy and operational goals during the reporting period[5] - The bank has established a comprehensive risk management system covering credit risk, market risk, operational risk, liquidity risk, interest rate risk, and compliance risk, ensuring sustainable and healthy business development[128] - The bank's credit risk management framework includes differentiated credit access policies and a robust early warning system, enhancing risk monitoring and control capabilities[129] - The non-performing loan ratio remained stable at 1.45% as of June 30, 2024[13] - The company reported a total exposure of CNY 7.351 billion for significant related party transactions, accounting for 22.89% of net capital[194] Corporate Governance - The board consists of 15 members, including 5 executive directors, 5 non-executive directors, and 5 independent non-executive directors[158] - The supervisory board comprises 8 members, including 3 employee supervisors, 3 shareholder supervisors, and 2 external supervisors[160] - The company has established a comprehensive corporate governance structure, ensuring high levels of transparency and accountability[177] - The company held its 2023 annual general meeting on April 30, 2024, with 19 shareholders representing 4,811,198,888 voting shares, accounting for approximately 80.45% of the total voting shares[178] - The company has confirmed compliance with the securities trading standards for directors and supervisors during the reporting period[169] Digital Transformation and Innovation - The company implemented a digital transformation project focusing on "data standardization, online standardization, and online intelligence" to enhance business growth[18] - The bank is committed to digital transformation, enhancing its core competitiveness through technology empowerment[111] - The bank has a total of 485 self-service banking facilities, including 228 smart devices, enhancing customer service and operational efficiency[112] - The online banking platform has approximately 674,800 customers, with a total transaction volume of CNY 592.68 billion during the reporting period[114] - The mobile banking application has around 3.51 million users, processing transactions totaling CNY 106.38 billion in the reporting period[115] Shareholder and Employee Relations - The company emphasizes the importance of professional development within its workforce, aiming to build a team characterized by professionalism, expertise, and innovation[143] - The total number of employees reached 3,320, with 55.9% being female and 22.4% aged 30 or younger[170] - 96.1% of employees hold a bachelor's degree or higher, contributing to a culture of innovation and responsiveness to market changes[170] - The company is committed to improving employee and customer satisfaction indices, focusing on creating a positive environment for both[143] Compliance and Regulatory Framework - The company has launched a "Compliance Year" initiative to enhance compliance culture and address violations effectively[139] - Anti-money laundering measures were reinforced, with no incidents of money laundering or terrorist financing reported during the period[140] - Legal risk management has been improved through online document review and enhanced training on new laws and regulations[141] - The report highlights the regulatory framework governing the ownership and control of commercial banks in China[153] - The company maintained sufficient public float, complying with the minimum requirements of the listing rules[195]

Financial Performance - The unaudited interim results for Weihai City Commercial Bank for the six months ended June 30, 2024, were announced[1]. - Net interest income for the first half of 2024 was RMB 3,463.3 million, an increase of 5.21% compared to RMB 3,291.7 million in the same period of 2023[9]. - Total operating income reached RMB 4,556.0 million, reflecting a growth of 4.76% from RMB 4,349.0 million year-on-year[9]. - The bank's net profit for the first half of 2024 was RMB 1,188.2 million, a 2.90% increase from RMB 1,154.7 million in the same period of 2023[9]. - The total comprehensive income for the period amounted to RMB 1,987,611 thousand, a significant increase of 41.1% from RMB 1,408,546 thousand in 2023[200]. - The bank's basic and diluted earnings per share remained stable at RMB 0.18 for both 2024 and 2023[200]. - The net income attributable to shareholders was RMB 1,074,481 thousand, slightly up from RMB 1,047,456 thousand in the same period last year[199]. - The bank reported a decrease in commission income, with net commission income falling to RMB 259,033 thousand from RMB 343,901 thousand, a decline of 24.8%[199]. - The bank's investment securities net income increased to RMB 680,330 thousand, up 21.8% from RMB 558,287 thousand in the previous year[199]. - The bank's asset impairment losses were slightly reduced to RMB 2,169,585 thousand from RMB 2,192,199 thousand, indicating improved asset quality management[199]. Risk Management - The report indicates that there are no major risks affecting the bank's future development strategy and operational goals[4]. - The bank's management discussed the main risks faced and the measures taken to address them in the report[4]. - The bank has established a comprehensive risk management system covering various risk types, including credit risk, market risk, operational risk, and liquidity risk, ensuring sustainable and healthy business development[128]. - The bank's credit risk management framework includes differentiated credit access policies and a robust monitoring mechanism, with a focus on early detection and response to potential risks[129]. - The bank closely monitors liquidity risk, adjusting asset-liability structures dynamically to ensure liquidity risk remains safe and controllable, meeting regulatory requirements[132]. - The bank has set specific limits for interest rate risk management for 2024, regularly monitoring compliance with these limits[133]. - The bank has strengthened its information technology risk management, enhancing system maintenance and monitoring to ensure stable operation[135]. - The bank has launched a "Compliance Year" initiative to enhance compliance culture and address violations effectively[139]. - Anti-money laundering measures were reinforced, with no incidents of money laundering or terrorist financing reported during the period[140]. Capital and Assets - The bank's total assets as of June 30, 2024, amounted to RMB 422,864.1 million, representing a 7.91% increase from RMB 391,876.8 million at the end of 2023[10]. - The total equity attributable to shareholders increased by 5.76% to RMB 23,416.6 million from RMB 22,140.8 million at the end of 2023[10]. - The bank's core Tier 1 capital adequacy ratio improved to 8.97% as of June 30, 2024, up from 8.77% at the end of 2023[12]. - The total capital adequacy ratio increased to 13.55% from 13.38% at the end of 2023[124]. - Total liabilities as of June 30, 2024, amount to RMB 393,542 million, an increase of RMB 2,967.3 million or 8.15% from the end of 2023[70]. - The total amount of loans and advances issued as of June 30, 2024, is RMB 205,424.9 million, an increase from RMB 189,965.2 million as of December 31, 2023, representing a growth of 8.06%[59]. Loans and Deposits - The total loan amount increased by 8.14% to RMB 205,424.9 million from RMB 189,965.2 million at the end of 2023[10]. - Total deposits increased by RMB 15.14 billion, growing 5.68% from the end of 2023[16]. - As of June 30, 2024, total deposits amounted to RMB 289.61 billion, an increase of RMB 15.63 billion or 5.70% compared to the end of 2023[72]. - The amount of mortgage loans is RMB 66,629.5 million, accounting for 32.43% of the total loans as of June 30, 2024, compared to 34.35% (RMB 65,258.2 million) at the end of 2023[59]. - The amount of guaranteed loans is RMB 72,194.9 million, representing 35.14% of the total loans as of June 30, 2024, compared to 36.58% (RMB 69,487.2 million) at the end of 2023[59]. Shareholder Information - The company has issued a total of 5,980,058,344 shares, including 4,971,197,344 domestic shares and 1,008,861,000 H shares[144]. - The largest shareholder, Shandong High-speed Group, holds 2,126,237,528 shares, representing 35.56% of total shares[147]. - The domestic shareholder count stands at 1,038 as of the report date[146]. - The bank's major shareholders include entities with over 5% equity, such as Shandong High-Speed Group and Weihai Municipal Finance Bureau, which can influence management decisions[153]. - The bank's governance is influenced by major shareholders, which include state-owned enterprises and local government entities[154]. Corporate Governance - The board consists of 15 members, including 5 executive directors, 5 non-executive directors, and 5 independent non-executive directors[158]. - The supervisory board comprises 8 members, including 3 employee supervisors, 3 shareholder supervisors, and 2 external supervisors[160]. - The company has established a comprehensive corporate governance structure, ensuring high levels of transparency and accountability[178]. - The board of directors has formed six specialized committees to provide advice on decision-making and oversee financial activities[178]. - The company adheres to the remuneration management system in compliance with national laws, including performance-based and long-term incentive pay[172]. Digital Transformation and Innovation - The bank is focused on digital transformation to enhance core competitiveness and has established a dedicated internet finance department[111]. - The bank is advancing its digital transformation strategy, emphasizing data standardization and online intelligence[118]. - The integration of technology and business operations is enhancing service efficiency and innovation capabilities[119]. - The bank has a total of 485 self-service banking facilities, including 228 smart devices, enhancing customer service and operational efficiency[112]. - The online banking platform has approximately 674,800 customers, with a total transaction volume of CNY 592.68 billion during the reporting period[114]. Employee and Customer Engagement - The total number of employees reached 3,320, with 55.9% being female and 22.4% aged 30 or below[170]. - 96.1% of employees hold a bachelor's degree or higher, contributing to a culture of innovation and responsiveness to market changes[170]. - The company emphasizes talent development through various training programs to enhance the core competitiveness of its workforce[173]. - The company is committed to improving employee and customer satisfaction indices, focusing on making employees happy and customers satisfied[143].

Financial Performance - Net interest income for 2023 reached RMB 6,623.5 million, a 2.68% increase from RMB 6,450.5 million in 2022[13]. - Net profit attributable to shareholders for 2023 was RMB 1,933.8 million, reflecting a 1.44% increase from RMB 1,906.4 million in 2022[13]. - Total operating income for 2023 was RMB 8,735.4 million, up 5.36% from RMB 8,290.9 million in 2022[13]. - The bank's asset impairment losses increased to RMB 4,493.3 million, a 7.75% rise from RMB 4,170.0 million in 2022[13]. - Total assets increased to RMB 391,876.8 million, a 14.02% increase from RMB 343,703.0 million in 2022[14]. - Total loans reached RMB 189,965.2 million, reflecting a 15.62% growth compared to RMB 164,297.2 million in the previous year[14]. - Total liabilities rose to RMB 363,868.9 million, marking a 14.43% increase from RMB 317,970.4 million in 2022[14]. - Total equity increased to RMB 28,007.9 million, an 8.84% rise from RMB 25,732.6 million in 2022[14]. - The bank's liquidity ratio improved to 86.52%, compared to 79.09% in the previous year[15]. - The non-performing loan ratio improved slightly to 1.45%, compared to 1.46% in the previous year[15]. Risk Management - The company has not identified any significant risks that could adversely affect its future development strategy and operational goals[4]. - The report includes a detailed description of the main risks faced by the company and the measures taken to address them[4]. - The bank's risk management system includes a comprehensive structure with specialized committees under the board of directors, including the Risk Management Committee and the Audit Committee[138]. - The bank aims to ensure stable development of credit business and asset quality while balancing risk and return through a well-defined credit risk management policy[142]. - The bank has implemented a differentiated credit approval policy to enhance risk control and ensure compliance with regulatory requirements[142]. - Market risk management focuses on controlling interest rate and exchange rate risks, with established processes for risk identification, measurement, monitoring, and reporting[143]. - The bank has set market risk limits for 2023, ensuring that all market risk indicators remain within the approved thresholds[144]. - The bank's operational risk management framework has been strengthened, focusing on the identification, monitoring, and assessment of key risk indicators[145]. - The bank's liquidity risk management policies emphasize the importance of maintaining sufficient funds to meet payment obligations and support business operations[146]. Corporate Governance - The bank's board consists of 15 directors, including 5 executive directors, 5 non-executive directors, and 5 independent non-executive directors, with a term of three years[177]. - The supervisory board is composed of 8 members, including 3 employee supervisors, 3 shareholder supervisors, and 2 external supervisors, also serving a three-year term[179]. - The bank's governance structure includes nominations from major shareholders for board and supervisory positions, ensuring representation[176]. - The bank's compliance with the interim measures for commercial bank equity management is highlighted, ensuring transparency in shareholder influence[175]. - The bank's leadership structure reflects a commitment to diversity and expertise, with members holding advanced degrees in finance and management[187][189]. Digital Transformation and Innovation - The bank aims to enhance customer experience through a digital transformation strategy focusing on online and offline integration[11]. - The bank's digital transformation projects are nearing completion, enhancing business growth capabilities[19]. - The bank emphasizes digital transformation and technology empowerment to enhance customer experience and marketing efficiency[95]. - The bank's digital banking strategy focuses on data standardization and online intelligence, aiming to improve operational management and service models[124]. Shareholder Structure - The total number of shares issued by the company as of December 31, 2023, is 5,980,058,344, including 4,971,197,344 domestic shares and 1,008,861,000 H shares[164]. - The top ten domestic shareholders hold a total of 3,993,000,000 shares, representing approximately 66.78% of the total shares[166]. - Shandong Expressway Group Company holds 2,126,237,528 shares, accounting for 35.56% of the total shares[166]. - The largest shareholder, Shandong Expressway Group, has a direct or indirect holding of 2,820,195,515 shares, representing 47.16% of the company's equity[168]. Future Outlook and Strategic Direction - The economic outlook for 2024 indicates a resilient Chinese economy with ongoing structural improvements and a favorable environment for financial services[160]. - The bank plans to focus on high-quality development and service provision, aligning with national financial reform initiatives[161]. - Key strategic measures for 2024 include enhancing core competitiveness, improving compliance, and promoting digital transformation[162]. - The bank aims to increase operational efficiency by controlling costs and enhancing revenue across assets and liabilities[163].

Financial Reporting and Audit - The annual financial report for the year ending December 31, 2023, has been audited and confirmed by the board and the audit committee[1]. - The report includes a standard unqualified audit opinion from Lixin CPA and Hong Kong Lixin Dehao CPA for the financial statements prepared under Chinese and international accounting standards, respectively[4]. - The board of directors guarantees the authenticity, accuracy, and completeness of the financial report[4]. - The report will be published on the Hong Kong Stock Exchange and the bank's official website[1]. - The board meeting that approved the annual report had full attendance from all 15 directors[4]. Financial Performance - The earnings per share attributable to shareholders increased to RMB 0.29, up from RMB 0.28, representing a growth of 3.57%[12]. - The net asset value per share attributable to shareholders rose to RMB 3.70, a 10.45% increase from RMB 3.35[12]. - Net interest income for 2023 was RMB 6,623.5 million, an increase of 2.68% compared to RMB 6,450.5 million in 2022[13]. - Total operating income reached RMB 8,735.4 million, reflecting a growth of 5.36% from RMB 8,290.9 million in the previous year[13]. - The net profit attributable to shareholders was RMB 1,933.8 million, up 1.44% from RMB 1,906.4 million in 2022[13]. - Total assets increased to RMB 391,876.8 million, representing a 14.02% rise from RMB 343,703.0 million at the end of 2022[14]. - Total deposits increased by RMB 37.103 billion, growing 16.17% year-over-year[19]. - Total loans increased by RMB 25.668 billion, reflecting a growth of 15.62% compared to the previous year[19]. - The non-performing loan ratio stood at 1.45%, showing stability compared to 1.46% in the previous year[15]. Risk Management - The bank has not identified any significant risks that could adversely affect its future development strategy and operational goals during the reporting period[4]. - The report outlines the main risks faced by the bank in its operational management and the measures taken to address these risks[4]. - The bank is committed to strengthening risk management by applying advanced technology and building a precise risk warning system[11]. - The bank's liquidity ratio improved to 86.52%, indicating a strong liquidity position[15]. - The bank's risk management system includes a comprehensive structure with specialized committees under the board of directors, including the Risk Management Committee and the Audit Committee[138]. - The bank aims to ensure stable development of credit business and asset quality while balancing risk and return through a well-defined credit risk management policy[142]. Strategic Direction and Future Plans - The strategic direction focuses on digitalization, emphasizing differentiated, retail, refined, integrated, capitalized, branded, and group-oriented development[9]. - The bank aims to enhance customer experience through a three-step strategy of online transformation, enriching online services, and strategic digital banking[11]. - The bank plans to continue expanding its market presence and enhancing its product offerings in response to economic conditions[17]. - The bank aims to enhance its core competitiveness through a strategy focused on quality service and compliance, while promoting digital transformation[161]. - Key initiatives for 2024 include strengthening party leadership, improving strategic planning, and enhancing operational efficiency[162]. Shareholder and Governance Structure - The total number of shares issued by the company as of December 31, 2023, is 5,980,058,344, including 4,971,197,344 domestic shares and 1,008,861,000 H shares[164]. - The top ten domestic shareholders hold a total of 3,993,000,000 shares, representing approximately 66.78% of the total shares[166]. - The bank's board consists of 15 directors, including 5 executive directors, 5 non-executive directors, and 5 independent non-executive directors, with a term of three years[177]. - The bank's governance structure includes a mix of executive, non-executive, and independent directors to ensure diverse oversight[177]. - The company continues to focus on enhancing its governance structure through the appointment of qualified individuals to key positions[183]. Digital Transformation and Technology - The bank's digital transformation projects are nearing completion, aimed at enhancing business growth through standardized and intelligent online services[19]. - The bank has initiated 25 IT projects, successfully completing 24 projects including a new generation credit middle platform and public risk control foundation[124]. - The bank's total investment in information technology for 2023 amounts to CNY 274.9203 million, accounting for 3.15% of operating income[124]. - The bank has established a digital banking strategy focusing on data standardization and online intelligence, aiming to improve operational efficiency and service capabilities[124]. Compliance and Regulatory Framework - The bank has set 2023 as the "Year of Compliance Struggle," implementing a "zero tolerance" compliance risk preference and enhancing compliance management capabilities[156]. - The bank has developed a comprehensive anti-money laundering internal control system, integrating anti-money laundering regulations into operational processes[157]. - The bank has implemented anti-money laundering policies and improved monitoring systems, with no incidents of money laundering or terrorist financing reported during the period[158]. - Legal risk management framework has been enhanced, focusing on compliance and integration with overall risk management activities[159].