Financial Performance - Net interest income for 2024 reached RMB 3,518,668 thousand, a year-on-year increase of 13.94% compared to RMB 3,088,261 thousand in 2023[11]. - Net commission and fee income increased by 68.54% to RMB 173,506 thousand in 2024 from RMB 102,948 thousand in 2023[11]. - Total operating income rose to RMB 5,209,013 thousand, reflecting a 9.20% growth from RMB 4,770,347 thousand in 2023[11]. - Pre-tax profit surged by 42.69% to RMB 1,784,764 thousand in 2024, compared to RMB 1,250,790 thousand in 2023[11]. - Net profit attributable to shareholders increased by 28.31% to RMB 1,275,665 thousand in 2024 from RMB 994,237 thousand in 2023[11]. - Total operating income for 2024 was RMB 5.21 billion, an increase of RMB 439 million, reflecting a growth rate of 9.20% compared to the previous year[32]. - Total revenue and net profit increased by 9.2% and 28.3% respectively, with a net interest margin improvement of 10 basis points to 2.49%[21]. Asset and Loan Growth - The total assets of Luzhou Bank reached RMB 171 billion, with total customer loans amounting to RMB 103.93 billion and total customer deposits of RMB 135.31 billion as of the end of the reporting period[6]. - Total assets grew by 8.48% to RMB 170,999,572 thousand in 2024, up from RMB 157,636,383 thousand in 2023[12]. - Customer loans net amount increased by 11.44% to RMB 98,585,035 thousand in 2024 from RMB 88,465,685 thousand in 2023[11]. - The loan balance in Luzhou reached RMB 69.27 billion, an increase of 13.6%, maintaining its position as the largest loan bank in the region for seven consecutive years[18]. - The total amount of loans reached RMB 1,032.71 million, marking an increase of 11.70% from RMB 924.57 million in the previous year[88]. - The total amount of corporate loans was RMB 896.36 billion, an increase of RMB 113.27 billion, with a growth rate of 14.46%[64]. Customer Deposits - The bank's total customer deposits increased by a significant percentage compared to the previous year, reflecting strong growth in its deposit base[6]. - Customer deposits reached RMB 135,314.34 million by the end of 2024, up RMB 17,690.00 million or 15.04% from RMB 117,624.52 million in 2023, accounting for 85.34% of total liabilities[79]. - The average balance of customer deposits was RMB 129.92 billion in 2024, with interest expenses amounting to RMB 339.38 million, down from RMB 352.30 million in 2023[47]. Risk Management - The non-performing loan ratio improved to 1.19% in 2024, down from 1.35% in 2023[11]. - The company’s provision coverage ratio increased by 62.77 percentage points to 435.19%, enhancing its risk compensation capacity[24]. - The bank has implemented strict monitoring measures for overdue loans and has developed tailored risk mitigation plans for non-performing loans[103]. - The company emphasizes proactive compliance and strict risk control principles to enhance credit risk management, focusing on optimizing credit structure and improving internal credit systems[110]. Awards and Recognition - Luzhou Bank ranked 15th in the "GYROSCOPE" evaluation system for city commercial banks in 2024, with the highest employee awareness capability ranking[9]. - The bank's new electronic banking platform won the "Best Technology Innovation Award" at the 2024 financial innovation competition[9]. - Luzhou Bank was included in the "Top 20 ESG Comprehensive Performance" list for city commercial banks in the 2024 Banking Industry ESG Development Report[9]. - Luzhou Bank was awarded the "Outstanding Mobile Banking Brand" at the 2024 Financial Wind and Cloud Awards[9]. - The bank has received multiple awards for its innovative financial services and contributions to inclusive finance in 2024[9]. Shareholder Information - The top shareholder, Luzhou Laojiao Group, holds 390.528 million shares, accounting for 14.37% of total shares[165]. - The largest shareholder, Luzhou Laojiao Group Co., Ltd., holds 433,920,000 shares, representing approximately 15.97% of the issued shares and 22.09% of the related class shares[166]. - The total number of shares outstanding remained unchanged at 2,717,752,062 shares as of December 31, 2024[161]. - The report indicates no other individuals, apart from directors and senior management, hold any significant equity interests as of December 31, 2024[172]. Management and Governance - The company has established several committees, including the development strategy committee and risk management committee, to enhance governance[191]. - The bank's management team has extensive experience, with Liu previously serving as vice president and holding various leadership roles since 1997[195]. - The management team emphasizes the importance of strategic planning and operational efficiency in driving growth[198]. - The company is committed to maintaining compliance with the Securities and Futures Ordinance and the Listing Rules[179].
泸州银行(01983) - 2024 - 年度业绩