Financial Performance - Net interest income for 2024 is RMB 8,602.62 million, a decrease of 1.92% compared to 2023[15]. - Total operating income for 2024 is RMB 11,559.23 million, reflecting a growth of 2.32% from 2023[15]. - Pre-tax profit decreased by 25.54% to RMB 752.33 million in 2024 compared to 2023[15]. - Net profit attributable to shareholders for 2024 is RMB 1,056.92 million, a 2.00% increase from 2023[15]. - Total assets increased by 3.85% to RMB 573,634.75 million in 2024 compared to 2023[17]. - The liquidity coverage ratio significantly increased to 403.22% in 2024 from 333.38% in 2023[17]. - Basic earnings per share for 2024 is RMB 0.12, up 9.09% from 2023[15]. - The bank's cost-to-income ratio improved to 28.48% in 2024 from 30.60% in 2023[15]. - Operating income for the reporting period was RMB 11.56 billion, representing a year-on-year growth of 2.32%[45]. - Net profit for the period was RMB 1.10 billion, showing a 2.21% increase compared to the same period last year[45]. Asset and Loan Growth - Total loans and advances increased by 4.76% compared to the end of the previous year[33]. - Total deposits increased by 2.55% compared to the end of the previous year[33]. - The total amount of loans and advances issued reached RMB 352.9 billion, reflecting a growth of 4.76% year-on-year[44]. - The total loans and advances amounted to RMB 352.94 billion, an increase of RMB 16.05 billion or 4.76% compared to the previous year[117]. - The balance of inclusive small and micro enterprise loans under RMB 10 million reached RMB 52.602 billion, an increase of RMB 6.461 billion or 14.00% year-on-year, with a weighted average interest rate of 4.62%[157]. - The balance of loans for talent services reached RMB 5.24 billion, with a year-on-year increase of 33.41%[154]. - The balance of green loans amounted to RMB 39.45 billion, reflecting a growth of 26.45% year-on-year[153]. - The agricultural loan balance was RMB 30.517 billion, up RMB 2.059 billion or 7.24% year-on-year, serving 15,546 agricultural clients with a weighted average interest rate of 4.91%[158]. Risk Management - Non-performing loan ratio improved slightly to 2.15% in 2024 from 2.17% in 2023[17]. - The non-performing loan ratio decreased by 0.02 percentage points compared to the end of the previous year, indicating improved risk management[44]. - The total impairment provision for loans was RMB 12,144.79 million as of December 31, 2024, compared to RMB 12,930.81 million in the previous year[118]. - The company’s loan impairment provisions increased to RMB 11,670.85 million as of December 31, 2024, reflecting a significant rise in provisions for stage three loans[134]. - The distribution of overdue loans shows that 97.17% of loans were not overdue, while overdue loans totaled RMB 9,982.05 million, representing 2.83% of total loans as of December 31, 2024[125]. Awards and Recognition - Jiangxi Bank has been recognized as one of the "Top 500 Service Enterprises in China" for five consecutive years[9]. - The bank received the "Financial Technology Development Award" from the People's Bank of China in 2023[11]. - Jiangxi Bank was awarded the "Outstanding Institution" for data quality work by the Credit Reference Center of the People's Bank of China in 2023[11]. - The bank's ESG rating was assessed as "A" and it was included in the "Top 20 ESG Comprehensive Performance" list for city commercial banks in 2024[13]. - The bank was recognized as the 9th city commercial bank in China to sign the UN Principles for Responsible Banking[23]. Digital Transformation and Innovation - The bank launched new digital financial products, resulting in a 75% year-on-year increase in loans to key enterprises in the digital economy sector[34]. - The online banking penetration rate reached 91%, with channel activity increasing by 13.15% compared to the previous year[181]. - The "Jiangxi Bank Micro Bank" WeChat public account had 1.1183 million followers, an increase of 9.25% from the previous year[184]. - 18 out of 43 digital transformation projects planned for 2024-2026 have been completed by the end of 2024[186]. - The new credit management system became the first fully domestically controlled banking system in Jiangxi Province[186]. Customer Base and Services - Customer base for corporate, individual, and inclusive finance segments grew by 10.57%, 5.64%, and 8.17% respectively[33]. - The number of corporate clients exceeded 100,000, representing a year-on-year growth of 10.57%[138]. - The company expanded its retail customer base to 6.5722 million, an increase of 350,500 customers compared to the end of the previous year[160]. - Personal comprehensive consumption loans issued exceeded RMB 13 billion, supporting over 50,000 local residents' consumption needs, with the "Jiangyin Quick Loan" balance increasing by over RMB 1.9 billion or over 38% year-on-year[165]. - The number of customers signing up for four or more internet payment channels increased by 15.54% compared to the end of the previous year[168]. Green Finance Initiatives - The bank issued 6 billion RMB in green financial bonds, marking a significant step in promoting green finance[34]. - The company has implemented a strategy for green finance, aiming to become a benchmark in green financial services in Jiangxi Province[153]. - The bank's green loan balance increased by 8.251 billion RMB, with a growth rate of 26.45% compared to the previous year[34]. Operational Efficiency - The bank's operating expenses decreased by 5.36% year-on-year, and the cost-to-income ratio fell by 2.12 percentage points[38]. - The total asset impairment loss for the reporting period was RMB 7.376 billion, an increase of RMB 711.81 million or 10.68% compared to the same period last year[80]. - The company achieved a 0% failure rate in system operations through the establishment of seven key operational support teams[190].
江西银行(01916) - 2024 - 年度业绩