Financial Performance - The total assets of the company reached RMB 2,013,753 million, an increase of 11.49% compared to the previous year[28]. - The total customer loans and advances amounted to RMB 1,002,166 million, growing by 14.64% year-on-year[28]. - The operating income for 2024 was RMB 37,128 million, reflecting a 2.10% increase from 2023[24]. - The net profit attributable to shareholders was RMB 15,414 million, representing a 6.80% increase compared to the previous year[24]. - The basic earnings per share increased to RMB 1.05, up by 5.00% from RMB 1.00 in 2023[24]. - The non-performing loan ratio improved to 0.99%, down from 1.26% in the previous year[21]. - The capital adequacy ratio rose to 13.72%, an increase of 0.51% from the previous year[21]. - The total liabilities increased to RMB 1,852,086 million, reflecting an 11.61% growth year-on-year[24]. - The company ranked 24th among the top 100 banks in China, improving by 11 positions from the previous year[28]. - The company achieved an "A" rating in the 2023 annual performance evaluation by the Anhui Provincial Finance Department in November 2024[15]. Awards and Recognition - The company received multiple awards in 2024, including being ranked 146th in the "Global Bank Brand Value 500" list by The Banker magazine[13]. - The company was recognized as a "Top 10 Outstanding Examples of Science and Technology Finance" by the Anhui Provincial Financial Society[14]. - The company was awarded the "Outstanding Financial Consumer Rights Protection Case" by the China Banking and Insurance News in March 2024[12]. - The company was recognized as the "Best Cooperative Bank" by the Anhui Equity Custody Trading Center in July 2024[13]. - The company was awarded the "Outstanding Organization Award" for its reading activity themed "Building Dreams Together" by the Anhui State-owned Assets Supervision and Administration Commission[13]. - The company was awarded the "2024 Annual Financial Innovation Excellence Institution" by the Banker magazine in November 2024[15]. Customer and Market Growth - The number of mobile banking customers exceeded 10 million, with a 90.7% increase in online service scenarios[34]. - Personal financial assets surpassed RMB 820 billion, with a growth of 15.9%[33]. - The balance of inclusive finance loans for small and micro enterprises was RMB 154.4 billion, ranking first among peers in Anhui Province[32]. - The company’s "Transaction APP" won the "Digital Financial Innovation Case" award in 2024[14]. - The company signed cooperation agreements with over 4,200 enterprises under the "Common Growth Plan" initiative[154]. - The total balance of green loans amounted to RMB 115.88 billion at the end of 2024, an increase of RMB 33.476 billion, marking a growth of 40.62%[157]. Risk Management - The bank's liquidity risk management emphasizes balancing liquidity, safety, and profitability to ensure sufficient funds under both normal and stressed conditions[171]. - The bank has implemented a proactive liquidity risk management strategy, including regular liquidity stress testing to assess its ability to respond to liquidity shocks[173]. - The bank's credit risk management strategy includes optimizing the credit business structure in response to economic conditions and policy guidance[167]. - The bank has integrated large exposure risk management into its overall risk management system to effectively control customer concentration risks[168]. - The bank's operational risk indicators are generally in line with its risk appetite limits, with a focus on high-frequency, low-impact operational risk events[170]. Digital Transformation and Innovation - The company is actively promoting digital transformation and innovation in international business, launching several mobile products to improve cross-border financial services[135]. - The company implemented 89 software development projects throughout the year, enhancing customer service capabilities and digital risk management[184]. - The bank is focusing on enhancing digital transformation in credit risk management to improve the overall risk management framework[167]. - The bank is accelerating digital transformation, launching various digital financial platforms and applications, including the "Huiyin Treasury" and AI-based services[200]. Corporate Social Responsibility - The company conducted over 5,900 consumer rights protection education and publicity activities, reaching more than 50.72 million consumers[189]. - The company is actively promoting green credit and supporting low-carbon economy initiatives[188]. - The company is focused on enhancing its corporate culture to align with its strategic development goals[187].
徽商银行(03698) - 2024 - 年度业绩