Financial Performance - Net interest income for 2024 was RMB 3.52 billion, reflecting a year-on-year growth of 13.94% from RMB 3.09 billion in 2023[12]. - The net profit attributable to shareholders was RMB 1.28 billion, representing a 28.31% increase from RMB 994.24 million in 2023[12]. - Luzhou Bank's operating income for 2024 was RMB 5.21 billion, a 9.20% increase from RMB 4.77 billion in 2023[12]. - Net profit increased by 28.3%, with revenue growth of 9.2%[22]. - Total operating income for 2024 was RMB 5.21 billion, an increase of RMB 439 million, reflecting a growth rate of 9.20%[33]. - The bank's pre-tax profit for 2024 was RMB 1.78 billion, an increase of RMB 534 million, representing a growth of 42.69% compared to the previous year[31]. - The bank's net fee and commission income for 2024 was RMB 173.51 million, up from RMB 102.95 million in 2023[31]. - In 2024, the company's non-interest income reached RMB 1.69 billion, an increase of RMB 0.08 billion, or 0.49% year-over-year[51]. Asset and Liability Management - The total assets of Luzhou Bank reached RMB 170.99 billion, an increase of 8.48% compared to RMB 157.64 billion in 2023[12]. - Customer deposits increased to RMB 135.31 billion, a rise of 15.04% from RMB 117.62 billion in 2023[12]. - Total liabilities amounted to RMB 158.56 billion as of December 31, 2024, an increase of RMB 11.85 billion or 8.08% year-over-year, primarily due to steady growth in customer deposits[78]. - The proportion of deposits to total liabilities increased by 5.16 percentage points to 85.34%[21]. - The average balance of customer deposits in 2024 was RMB 129.917 billion, an increase from RMB 119.811 billion in 2023, with a corresponding average cost rate of 2.61%[48]. Loan and Credit Quality - Customer loans amounted to RMB 98.59 billion, up 11.44% from RMB 88.47 billion in 2023[12]. - The non-performing loan ratio improved to 1.19%, down from 1.35% in 2023[12]. - The bank's total loans classified as non-performing accounted for 85.16% of loans overdue for more than 90 days[25]. - The total loan principal amounted to RMB 103.271 billion, an increase of 11.70% compared to the previous year, with non-performing loans totaling RMB 1.229 billion, a decrease of RMB 0.16 billion[89]. - The non-performing loan ratio was 1.19%, down by 0.16 percentage points from the previous year[89]. - The bank's credit commitments stood at RMB 1.911 billion at the end of the reporting period[86]. Capital Adequacy and Risk Management - Core Tier 1 capital adequacy ratio increased to 8.27% from 8.12% year-on-year, while Tier 1 capital adequacy ratio rose to 10.15% from 9.61%[13]. - The bank's capital adequacy ratio rose to 13.12% from 12.74% year-on-year[13]. - The capital adequacy ratio at the end of the reporting period was 13.12%, an increase of 0.38 percentage points from the previous year, exceeding regulatory requirements by 2.62 percentage points[109]. - The bank's loan loss provisions increased to RMB 5,342,538 thousand by the end of 2024, up from RMB 4,572,916 thousand in 2023[103]. - The bank's provision coverage ratio increased by 62.77 percentage points to 435.19%, enhancing its risk compensation capability[25]. Customer and Market Development - Luzhou Bank was ranked 15th in the "GYROSCOPE" evaluation system for city commercial banks in 2024, with the highest employee awareness capability[10]. - The bank launched over 30 specialized products, with 23 available for online processing, becoming the first in Sichuan to offer online property mortgage loans[19]. - The retail banking customer base increased to 1.4771 million, up by 74,700 customers or 5.33% compared to the end of 2023[143]. - The company launched several innovative financing products, including "Daily Loan C" and "Tax Loan," to meet diverse customer needs[140]. - The bank's gold and precious metals sales reached RMB 3.5307 million, an increase of RMB 1.6721 million or 89.97% compared to 2023[149]. Shareholder Structure and Governance - The total share capital remains unchanged at 2,717,752,062 shares as of December 31, 2024[162]. - The largest shareholder, Luzhou Laojiao Group Co., Ltd., holds 390,528,000 shares, accounting for 14.37% of the total shares[166]. - The top 10 domestic shareholders hold a total of 1,964,632,062 shares, representing approximately 72.34% of the total share capital[166]. - The company has established a dedicated consumer rights protection committee under the board of directors to enhance consumer rights protection efforts[160]. - The company strictly adheres to national laws and regulations, ensuring consumer protection is integrated into all aspects of product design and service delivery[160]. Operational and Compliance Management - The bank has maintained zero significant operational risk events and incidents by the end of the reporting period[112]. - The company conducts regular assessments and training to strengthen compliance culture and risk awareness among employees[114]. - The operational risk management committee is responsible for overseeing the company's operational risk prevention efforts and enhancing the long-term mechanism for risk control[114]. - The company has implemented a robust liquidity risk management governance structure, clearly defining responsibilities across various levels of management[124]. - The bank has implemented a liquidity risk emergency plan, which is regularly tested and evaluated[126].
泸州银行(01983) - 2024 - 年度财报