上海银行(601229) - 2024 Q4 - 年度财报

Financial Performance - The company achieved an operating income of 52.986 billion RMB, a year-on-year increase of 4.79%[16] - The net profit attributable to shareholders was 23.560 billion RMB, reflecting a year-on-year growth of 4.50%[16] - Total assets at the end of the year reached 3,226.656 billion RMB, an increase of 4.57% compared to the previous year[16] - Net interest income for 2024 was RMB 32,486,088 thousand, a decrease of 7.62% from RMB 35,164,078 thousand in 2023[51] - Net commission and fee income decreased by 19.46% to RMB 3,958,816 thousand in 2024 from RMB 4,915,199 thousand in 2023[51] - Other non-interest income increased by 57.75% to RMB 16,540,646 thousand in 2024 compared to RMB 10,485,197 thousand in 2023[51] - Total operating income for 2024 was RMB 52,985,550 thousand, reflecting a growth of 4.79% from RMB 50,564,474 thousand in 2023[51] - The company achieved a net profit of RMB 23,560,448 thousand in 2024, up 4.38% from RMB 22,572,244 thousand in 2023[51] - Basic earnings per share increased by 4.58% to RMB 1.60 in 2024 from RMB 1.53 in 2023[51] Asset Quality and Risk Management - The non-performing loan ratio improved to 1.18%, a decrease of 0.03 percentage points year-on-year, marking two consecutive years of decline[16] - The overdue loans over 90 days and non-performing loan ratio decreased to 84.14%, down by 10.48 percentage points compared to the end of the previous year[20] - The company is focusing on enhancing risk management and compliance systems, with a data-driven comprehensive risk management framework in place[26] - The company’s focus on credit risk management has led to a stable improvement in asset quality, with a decrease in the proportion of attention-class loans to 2.06%[131] - The overall risk remains controllable, with adequate provisions for impairment losses in place[138] - The company has implemented targeted control measures for overdue loans and developed plans to mitigate risks, ensuring overall risk remains manageable[150] Loan Growth and Sector Focus - Loans in the Yangtze River Delta region amounted to 636.643 billion RMB, up 6.96% year-on-year, accounting for over 70% of the company's total loans[17] - Loans to technology enterprises, inclusive finance, and green loans grew by 13.84%, 13.31%, and 16.38% respectively compared to the previous year[17] - The total amount of loans to technology enterprises reached CNY 229.01 billion, a year-on-year increase of 26.09%, with a balance of CNY 159.73 billion, up 13.84% from the previous year[174] - Inclusive finance loans amounted to CNY 216.76 billion, growing by 17.62%, with a year-end balance of CNY 165.72 billion, an increase of 13.31%[174] - Green loans issued totaled CNY 84.13 billion, a 1.36% increase, with a year-end balance of CNY 120.29 billion, up 16.38%[175] Capital and Funding - The core Tier 1 capital adequacy ratio reached 10.35% by the end of 2024, an increase of 0.82 percentage points year-on-year, marking three consecutive years of growth[20] - Capital adequacy ratio stood at 14.21%, an increase of 0.83 percentage points year-on-year[55] - The company's leverage ratio improved to 6.81% as of December 31, 2024, compared to 6.54% at the end of the previous year[164] - The net stable funding ratio as of December 31, 2024, is 109.89%, compared to 109.09% on September 30, 2024[163] - The liquidity coverage ratio is 167.73%, with qualified liquid assets amounting to CNY 261,561,043 thousand and net cash outflows over the next 30 days at CNY 155,945,852 thousand[161] Customer Engagement and Market Position - The pension customer average AUM increased by 7.82% year-on-year, maintaining the company's leading market share in Shanghai[17] - The company served over 600,000 inclusive finance clients, representing a growth of 35%[25] - The company maintained the largest market share in pension clients in the Shanghai region[42] - The total customer base reached 303,700, an increase of 5.34% year-on-year; company loan issuance amounted to 593.012 billion yuan[186] - The company is committed to enhancing its retail business, particularly in pension finance and wealth management, to improve customer experience[39] Innovation and Technology - Financial technology investment accounted for 5% of operating income, indicating a commitment to enhancing technological capabilities[19] - The company has implemented AI infrastructure, including the DeepSeek model, to improve operational efficiency and customer service[18] - Shanghai Bank is advancing its digital transformation to improve operational efficiency and customer service through data-driven management[41] - The bank aims for high-quality development by strengthening risk management and compliance systems, with a focus on digital transformation and AI applications[29] Corporate Social Responsibility - The company donated 37.67 million yuan throughout the year, supporting key areas such as rural revitalization, culture, sports, education, and healthcare[21] - The annual cash dividend payout ratio is expected to be 31.22%, maintaining an increase for two consecutive years, with a total cash dividend exceeding 48 billion yuan since its listing[21] - The company plans to implement a mid-term dividend of 2.80 yuan per 10 shares and a final cash dividend of 2.20 yuan per 10 shares for 2024[21]