Financial Performance - For the year ending December 31, 2024, Shengjing Bank reported interest income of RMB 32,619.6 million, a decrease of 15.0% compared to RMB 38,377.0 million in 2023[10]. - Interest expenses were RMB 25,732.9 million, down 12.8% from RMB 29,510.8 million in the previous year[10]. - Net interest income decreased by 22.3% to RMB 6,886.7 million from RMB 8,866.2 million in 2023[10]. - Non-interest income increased by 44.0% to RMB 1,690.0 million compared to RMB 1,173.6 million in 2023[10]. - Operating income was RMB 8,576.7 million, reflecting a decline of 14.6% from RMB 10,039.8 million in the prior year[10]. - Net profit attributable to shareholders was RMB 621.1 million, down 15.2% from RMB 732.4 million in 2023[10]. - The company achieved a net profit of RMB 643 million, a decrease of RMB 121 million, or 15.9% year-on-year, primarily due to the continuous decline in loan market interest rates[27]. - The company reported a pre-tax profit of RMB 970.29 million, an increase of RMB 49.93 million or 5.4% year-on-year[31]. - The company achieved operating income of RMB 8.58 billion in 2024, a decrease of RMB 1.46 billion or 14.6% year-on-year, primarily due to macroeconomic and market factors affecting net interest margin and interest income[30]. Asset and Liability Management - As of December 31, 2024, the total assets of the company reached RMB 1,122.77 billion, with total loans and advances amounting to RMB 500.59 billion and total deposits of RMB 780.59 billion[14]. - The company's total assets reached RMB 1,122.776 billion, an increase of RMB 42.724 billion, or 4.0% year-on-year[24]. - Total deposits amounted to RMB 780.589 billion, up RMB 19.435 billion, or 2.6% from the previous year[24]. - Total loans reached RMB 500.592 billion, an increase of RMB 22.715 billion, or 4.8% year-on-year[24]. - Total liabilities as of December 31, 2024, amounted to RMB 1,042.58 billion, an increase of RMB 42.42 billion or 4.2% compared to the previous year[98]. - Total customer deposits reached RMB 780.59 billion, up RMB 19.43 billion or 2.6% year-over-year, accounting for 74.9% of total liabilities[100]. Capital Adequacy and Risk Management - The company's operating income for 2024 was RMB 8.58 billion, with a capital adequacy ratio of 14.69%, an increase of 0.57% compared to the previous year[14]. - The core tier 1 capital adequacy ratio decreased to 10.26%, down by 0.16% from the previous year, reflecting tighter capital conditions[13]. - The company has focused on enhancing risk management capabilities and optimizing credit asset structures to maintain stable asset quality[108]. - The company has implemented a comprehensive risk management strategy, enhancing risk identification precision and improving self-regulatory capabilities[150]. - The bank's liquidity risk management emphasizes a prudent and stable approach, ensuring sufficient cash or high-quality liquid assets to meet payment needs under normal and stressed conditions[159]. Loan and Deposit Growth - Loans to technology enterprises, inclusive of small and micro enterprises, grew by 87.7% and 65.4% respectively, while green loans increased by 41.6%[26]. - Consumer loans increased by 44.2% year-on-year, aligning with national policies to boost consumption[26]. - The total amount of personal loans and advances was RMB 114.63 billion, with a NPL amount of RMB 3.32 billion, reflecting a slight increase in the NPL ratio from the previous year[115]. - The bank's total personal deposits increased to RMB 555.05 billion, up from RMB 518.80 billion in 2023, representing a growth of 7.0%[101]. Digital Transformation and Innovation - The company is focusing on digital transformation and operational efficiency, implementing a strategic plan for 2024-2026 to enhance service delivery and customer experience[17]. - The company aims to enhance digital risk control capabilities and improve automated approval processing rates through the development of precise risk control measurement tools and strategies[150]. - The company has launched new financial products including "Sheng商贷," "Sheng抵贷," and "Sheng科贷," expanding its inclusive financial product offerings[150]. - The company has established 162 "Shengqing Service Stations" and is exploring new financial service models to enhance customer engagement[147]. Governance and Compliance - The company has established a "Party Building" initiative to strengthen governance and operational integrity, aiming to integrate party leadership into its business practices[14]. - The company is committed to compliance and has been actively improving its compliance system as part of its three-year action plan[144]. - The bank's compliance risk management focuses on establishing a comprehensive compliance management system, promoting a culture of compliance, and ensuring adherence to regulatory requirements across all operational dimensions[163]. Shareholder and Ownership Structure - The total number of shares as of December 31, 2024, is 8,796,680,200, with no changes during the reporting period[174]. - The proportion of state-owned shares increased from 37.52% to 40.93% due to an increase of 300 million shares[175]. - The top ten shareholders hold a total of 4,409,061,661 shares, accounting for 50.12% of the company's total shares[177]. - The ownership structure indicates a strong influence from state-owned entities and related parties in the company's governance[179].
盛京银行(02066) - 2024 - 年度业绩