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].
贵州银行(06199) - 2024 - 年度业绩