Company Overview - The registered capital of Bank of Jiujiang Co., Ltd. is RMB 2,847,367,200[5]. - As of the reporting period, the bank has 5,773 full-time employees, with an average age of 30.34 years[6]. - The bank has established a total of 20 village and town banks, enhancing its regional coverage[6]. - The company has established 20 rural banks, controlling 18 of them, with total assets of RMB 170.20 billion and total loans of RMB 98.83 billion as of the reporting period[159]. Awards and Recognition - The bank achieved recognition as a "Top 100 Self-Settlement Institutions" in 2023 by the Central Government Bond Registration and Settlement Co., Ltd.[8]. - The bank received multiple awards in January 2024, including the "2023 Mobile Payment Promotion Award" and "2023 Business Innovation Award" for its outstanding performance in mobile payment and credit card business[7]. - The bank's project "New Generation Fully Online Industrial Financial Platform" won the third prize in the "2022 Financial Technology Development Award," being the only city commercial bank in Central China to receive this honor[7]. - The bank was recognized as the "Best Digital Financial Small and Medium Bank" at the 12th Small and Medium Bank Development Summit Forum in July 2024[9]. - The bank received the "Outstanding Wealth Management City Commercial Bank" award in October 2024[10]. - The bank's "Smart Ranch Project" was recognized as an excellent case in financial innovation in December 2024[11]. - The bank's credit risk early warning system was awarded for risk management innovation in December 2024[11]. - The bank has been recognized as a top 100 self-operated settlement institution for seven consecutive years since 2018[12]. - The company received multiple awards, including "Outstanding Asset Management City Commercial Bank" and "Annual Growth City Commercial Bank" in 2024, reflecting its strong market recognition[143]. Financial Performance - Net interest income for 2024 reached RMB 9,170.6 million, an increase from RMB 8,289.0 million in 2023, representing a growth of 10.65%[16]. - Total operating income for 2024 was RMB 10,388.4 million, slightly up from RMB 10,358.4 million in 2023, indicating a marginal increase of 0.29%[16]. - The net profit for the year 2024 was RMB 761.5 million, compared to RMB 745.4 million in 2023, reflecting a growth of 2.83%[16]. - The basic earnings per share for 2024 was RMB 0.14, consistent with the previous year[16]. - The average return on total assets for 2024 was 0.15%, unchanged from 2023[16]. - The core tier 1 capital adequacy ratio improved to 9.44% in 2024 from 8.64% in 2023[16]. - Total assets reached RMB 516,458.6 million, an increase from RMB 503,849.2 million in 2023, marking a growth of 1.22%[17]. - Net customer loans and advances amounted to RMB 311,947.8 million, up from RMB 293,410.2 million in 2023, reflecting a growth of 6.67%[17]. - The liquidity coverage ratio decreased to 394.39% from 448.64% in 2023, indicating a tighter liquidity position[17]. - The total customer loans and advances reached RMB 320.83 billion, reflecting an increase of RMB 19.21 billion or 6.4% year-on-year, driven by stable growth in corporate loans and an increase in bill discounting business[71]. Risk Management - The bank's provision coverage ratio improved to 154.25% compared to 153.82% in 2023, showing enhanced risk management[17]. - The non-performing loan ratio increased to 2.19% from 2.09% in 2023, indicating a slight deterioration in asset quality[17]. - The company has established a comprehensive risk control system, emphasizing professional team building and clear control plans[145]. - The company is enhancing its risk management capabilities by building a credit risk monitoring system and improving post-loan management quality[168]. - The company has implemented a comprehensive country risk management system to monitor and manage exposure to geopolitical and economic changes[170]. Digital Transformation and Innovation - The bank's RFID composite smart safe project won the "Outstanding Case Award for Scene Financial Innovation" in January 2024[7]. - The company is advancing digital finance initiatives, including the launch of "Digital Transformation Loan" and the establishment of an AI model ecosystem[20]. - The bank implemented a digital transformation strategy, achieving 86% of business contracts signed online, significantly improving operational efficiency[135]. - The digital transformation platform achieved a total credit amount exceeding RMB 42.28 billion by the end of 2024, enhancing the company's digital support capabilities[146]. - The AI model platform "Jiuyin Brain" has been developed, learning from 23,000 FAQs and over 1,300 documents, with over 6,500 users and applications in more than 30 business scenarios[157]. Customer and Market Focus - The bank allocated 88.2% of corporate loans to small and micro enterprises, emphasizing support for local economic development[21]. - The consumer finance business aims to enhance consumption potential and support local economic development, focusing on innovative scenarios and a multi-tiered consumer credit system[140]. - The bank's retail banking business focused on enhancing service quality and efficiency, with a strong emphasis on supporting small and micro enterprises[138]. - The company has developed specialized financial service solutions for 27 industry scenarios, focusing on supply chain finance and industry-specific needs[144]. Shareholder Structure - As of December 31, 2024, the total issued share capital of the company is 2,847,367,200 shares, comprising 2,365,000,000 domestic shares and 482,367,200 H shares[190]. - The proportion of state-owned shares is 48.80%, with a slight increase of 0.46% from the previous year[192]. - The top ten domestic shareholders hold a total of 1,632,987,590 shares, accounting for 57.35% of the total issued share capital[194]. - The company has no controlling shareholder as of the reporting period[199]. - The Jiujiang Finance Bureau and Beijing Automotive Group have been identified as significant shareholders with influence over the company's management[199].
九江银行(06190) - 2024 - 年度财报