BOB(601169)2025-04-14 13:15Financial Performance - Total assets reached RMB 4.22 trillion, an increase of 12.61% year-on-year[12] - Operating income was RMB 69.917 billion, a year-on-year growth of 4.81%[12] - Net profit attributable to shareholders was RMB 25.831 billion, up 0.81% year-on-year[12] - The total assets reached RMB 4,221.542 billion, up from RMB 3,748.679 billion in 2023[49] - The total liabilities increased to RMB 3,863.202 billion, compared to RMB 3,420.447 billion in 2023[49] - The company's operating revenue for 2024 reached RMB 69,917 million, representing a 4.81% increase from RMB 66,711 million in 2023[62] - Net profit attributable to shareholders of the parent company was RMB 25,831 million, a 0.81% increase compared to RMB 25,624 million in 2023[62] - The net cash flow from operating activities surged to RMB 129,547 million, marking a significant increase of 208.61% from RMB 41,978 million in 2023[62] - The total equity of shareholders increased to RMB 358,340 million, reflecting a net increase of RMB 30,156 million during the reporting period[91] - The company achieved net interest income of CNY 51.91 billion in 2024, a year-on-year increase of 3.10%[168] - Non-interest income reached CNY 18.01 billion in 2024, reflecting a year-on-year growth of 10.06%[173] Loan and Deposit Growth - Technology finance loan balance reached RMB 364.279 billion, growing at a rate of 40.52%[14] - Green finance loan balance was RMB 210.350 billion, with a growth rate of 43.11%[14] - Inclusive finance loan balance stood at RMB 310.614 billion, increasing by 28.30%[14] - The balance of inclusive finance loans was RMB 306.14 billion, with a growth rate of 28.30%[59] - The balance of technology finance loans was RMB 364.279 billion, showing a growth of 40.52%[59] - The company's loan issuance and advances totaled RMB 2.21 trillion, up 9.65% from RMB 2.02 trillion in 2023[70] - Total deposits reached CNY 2.45 trillion, with a year-on-year increase of 18.34%[109] - The company's RMB corporate deposits reached 1,677.3 billion, an increase of 251.9 billion or 17.67% year-to-date, marking a historical high[143] - The average daily RMB corporate loan balance was 1,272.6 billion, up 159.5 billion or 14.33% year-to-date[143] Risk Management and Compliance - Non-performing loan ratio decreased to 1.31%, with a provision coverage ratio of 208.75%[12] - The non-performing loan ratio was 1.43% in 2024, slightly up from 1.31% in 2023[58] - The provision coverage ratio improved to 216.78% in 2024, compared to 208.75% in 2023[58] - The bank is committed to enhancing risk management and compliance culture, launching initiatives like "Risk Management Improvement Year" and "Compliance Culture Construction Year"[20] - The bank's risk monitoring system continuously iterates models to enhance precision in risk control across all channels[199] Digital Transformation and Innovation - The bank aims to strengthen its digital transformation and innovation in financial services, focusing on six major innovative financial areas[20] - The company is focused on digital transformation and innovation in financial services, aiming for a customer-centric approach[36] - The digital wealth management system has been built with over 190 service upgrades and 3,000+ optimized function pages, enhancing customer experience[186] - The bank's technology finance loan balance reached CNY 364.279 billion, an increase of CNY 105.043 billion, representing a growth rate of 40.52% compared to the beginning of the year[200] - The bank executed 63 technology innovation bills with a total amount of CNY 31.372 billion, showing a year-on-year growth of 56.08%[200] Customer Base and Services - The number of personal pension accounts exceeded 1.7 million, reflecting the bank's expansion in pension finance services[14] - Retail AUM reached CNY 1.22 trillion, a growth of 17.25% compared to the beginning of the year[110] - Retail customer base surpassed 30.7 million, an increase of 1.63 million from the beginning of the year[110] - The number of credit card new customers increased by 528,000, a year-on-year increase of 16%[129] - The bank's wealth management product offerings and scale doubled year-on-year, with the proportion of dividend insurance products nearing 50% by year-end[138] Strategic Initiatives - The bank aims to complete the "thousand billion action" target for specialized and innovative enterprises ahead of schedule, with a loan balance of RMB 106.8 billion[18] - The bank's strategic focus includes promoting green transformation and leveraging AI to reshape various industries[20] - The company has implemented a strategy focusing on supporting technological innovation and green loans, enhancing its service to the real economy[103] - The company plans to enhance its investment banking capabilities and optimize its income structure in 2025[174] Market Position and Recognition - In 2024, Bank of Beijing ranked 51st among the world's top 1,000 banks by Tier 1 capital according to The Banker magazine[31] - The brand value of Bank of Beijing reached 103.662 billion CNY, ranking 85th in the "China's 500 Most Valuable Brands" list[31] - The company was awarded multiple accolades, including the "Best M&A Management Award" from the All-China M&A Association, highlighting its competitive position in the investment banking sector[159]