NJBK(601009)2025-04-21 14:30Financial Performance - In 2024, the company achieved a revenue growth of 11.32% and a net profit attributable to shareholders growth of 9.05% compared to the previous year[14]. - The company distributed a total cash dividend of RMB 60.54 billion for the year, representing 30% of the net profit attributable to shareholders[8]. - Operating income was CNY 50.27 billion, representing a year-on-year increase of 11.32%[22]. - The net profit attributable to shareholders was CNY 20.18 billion, up by 9.05% year-on-year[22]. - The total assets of the group reached CNY 2.59 trillion, an increase of 13.25%[22]. - The total loans amounted to CNY 1.26 trillion, with a growth rate of 14.31%[22]. - The total deposits reached CNY 1.50 trillion, reflecting a growth of 9.26%[22]. - The net cash flow from operating activities showed a significant decline, with a net outflow of RMB 65,795,334 thousand compared to a net inflow of RMB 37,058,939 thousand in 2023, marking a decrease of 277.54%[37]. - The company's total assets reached RMB 2,591,399,702, an increase of 13.25% compared to the previous year, driven by an increase in loans and other debt investments[49]. - Net profit for the year was RMB 20,364,934, reflecting a growth of 9.31% due to increased operating income[49]. Loan and Deposit Growth - Loans to technology enterprises increased by 38% year-on-year, with the number of clients growing by over 30%[15]. - Green finance loans grew by 25% year-on-year, with multiple innovative products launched[15]. - Inclusive small and micro enterprise loans and agricultural loans increased by 16% and 22% year-on-year, respectively[15]. - The balance of technology finance loans reached RMB 127.2 billion, growing by 37.55% year-to-date[151]. - The balance of green finance loans was RMB 221.615 billion, reflecting a year-to-date growth of 25.20%[151]. - The balance of agricultural loans was RMB 143.544 billion, increasing by 22.30% since the beginning of the year[151]. - The total deposits amounted to RMB 1,496.17 billion, reflecting an increase of RMB 126.76 billion or 9.26% year-over-year, with corporate deposits growing by 8.14% and personal deposits by 11.69%[107]. Asset Quality and Risk Management - The non-performing loan ratio stood at 0.83%, a decrease of 0.07 percentage points from the previous year[22]. - The company maintained a non-performing loan ratio of 0.83% and a provision coverage ratio of 335.27%[64]. - The company has implemented measures to enhance asset quality management, focusing on risk identification and early intervention[121]. - The overdue loans reached RMB 15,920,833 thousand, reflecting an increase of RMB 1,538,329 thousand (10.7%) from the previous year[120]. - The company's non-performing loan (NPL) ratio for corporate loans was 0.66%, a decrease of 0.04 percentage points year-on-year[120]. - The NPL ratio for personal loans was 1.29%, down by 0.21 percentage points compared to the previous year[120]. Digital Transformation and Innovation - The company has successfully implemented digital RMB in nearly 100 scenarios, significantly increasing the online business rate[15]. - The number of mobile app users grew by 27.93%, while monthly active users (MAU) increased by 22.24%[26]. - The company launched various innovative financial products and services, enhancing its comprehensive service capabilities in the retail banking sector[157]. - The company enhanced its retail business through AI and digital tools, improving customer experience and operational efficiency[161]. - The company focused on digital financial development, emphasizing the integration of technology and data to drive high-quality growth[164]. Strategic Initiatives and Future Plans - The company has established a new five-year strategic plan focusing on five major banking constructions: science and technology bank, investment bank, wealth bank, transaction bank, and digital bank[15]. - The company aims to become a leading regional comprehensive financial service provider, focusing on high-quality development and effective risk management[55]. - The company is implementing an eight-pronged strategic support system to achieve its goals, focusing on organizational reform, team capability enhancement, and risk control upgrades[188]. - The company plans to enhance customer acquisition, optimize asset-liability management, and strengthen risk compliance to support long-term growth[189]. - The company anticipates facing challenges from complex international environments, domestic demand insufficiencies, and intensified competition within the banking sector[190]. Awards and Recognition - The company ranked 91st in the 2024 Global Bank 1000 list by The Banker magazine[34]. - The company achieved a AAA credit rating with a stable outlook from China Chengxin International Credit Rating Co., Ltd.[33]. - The company was awarded the "Best Practice Case of Listed Company Board" by the China Association of Public Companies[34]. - The company received multiple awards for its contributions to financial consumer satisfaction and charity, including the "Nanjing Charity Award" for the most caring charitable donation unit[34]. - The company was recognized as an "Outstanding Retail Bank" at the 2024 Retail Banking Summit hosted by Caixin[34].