ZHENGZHOU BANK(SZ:002936)2025-03-27 13:10Financial Performance - As of the end of 2024, the total assets of Bank of Zhengzhou reached RMB 676.365 billion, an increase of 7.24% compared to the previous year[13]. - Total deposits amounted to RMB 404.538 billion, reflecting a growth of 12.07% year-on-year[13]. - Total loans reached RMB 387.690 billion, with a year-on-year increase of 7.51%[13]. - The bank achieved an operating income of RMB 12.877 billion and a net profit of RMB 1.863 billion, representing a year-on-year growth of 0.21%[13]. - The total operating income for 2024 was RMB 12,877,200 thousand, a decrease of 5.78% compared to RMB 13,667,290 thousand in 2023[21]. - The total profit for 2024 was RMB 1,786,431 thousand, reflecting a 2.69% increase from RMB 1,739,636 thousand in 2023[21]. - The net profit attributable to shareholders for 2024 was RMB 1,875,762 thousand, up 1.39% from RMB 1,850,117 thousand in 2023[21]. - The net cash flow from operating activities for 2024 was RMB 8,765,356 thousand, a significant increase of 431.85% compared to RMB 1,648,102 thousand in 2023[21]. - The basic earnings per share for 2024 remained at RMB 0.15, unchanged from 2023[21]. Asset Quality - The non-performing loan ratio stood at 1.79%, with a provision coverage ratio of 182.99%[13]. - The non-performing loan ratio improved to 1.79% in 2024 from 1.87% in 2023, a decrease of 0.08 percentage points[24]. - The provision coverage ratio increased by 8.12% to 182.99% in 2024 from 174.87% in 2023[24]. - The bank's corporate loan non-performing loan ratio was 2.05%, a slight decrease of 0.04 percentage points year-on-year, reflecting improved asset quality[122]. - Personal loan non-performing loan ratio decreased to 1.56%, down by 0.16 percentage points from the previous year, indicating effective risk management[122]. Loan and Deposit Growth - Policy-oriented science and technology financial loans amounted to RMB 48.269 billion, with a growth rate of 44.50%[14]. - Green financial loans reached RMB 9.146 billion, showing a significant increase of 123.73%[14]. - The total amount of loans and advances increased by 7.51% to CNY 387.69 billion in 2024 from CNY 360.61 billion in 2023[23]. - Total deposits reached RMB 404.54 billion, increasing by RMB 43.58 billion or 12.07% compared to RMB 360.98 billion at the end of the previous year[111]. - The total amount of corporate loans reached RMB 296.734 billion, an increase of RMB 20.272 billion, or 7.33%, compared to the end of the previous year[180]. Digital Transformation and Customer Service - The bank is focusing on digital transformation and enhancing customer experience while improving internal efficiency[16]. - The bank established 400 community volunteer service stations and 23 inclusive finance service ports, covering 2,363 villages and towns[16]. - The bank's mobile banking platform signed up 3.76 million personal customers, with transaction volume increasing by 10.89% year-on-year[200]. - Customer service hotline provided 950,970 services with a satisfaction rate of 99.69%[200]. - Online service capabilities improved with 836,800 services provided through text and remote video, with 91.22% of responses handled by intelligent robots[200]. Risk Management and Compliance - The bank aims to strengthen its risk management systems and enhance its risk prevention capabilities[16]. - The company is committed to enhancing compliance management and risk control measures to ensure stable operations[42]. - The bank's loan loss provisions totaled RMB 51.38 billion for the reporting period, with a balance of RMB 126.69 billion at the end of the period[135]. Awards and Recognition - The bank received the "Support for Small and Micro Enterprises Model Award" from the Henan Provincial Science and Technology Department[14]. - The company was awarded multiple accolades, including "Best Retail Banking Customer Experience Award" in April 2024[44]. Investment and Financial Assets - The total amount of securities investments and other financial assets reached RMB 203.12 billion, an increase of RMB 14.61 billion or 7.75% from RMB 188.52 billion[103]. - The bank's investment in debt instruments amounted to RMB 202.25 billion, which is 70.72% of total investments, up from 62.91% the previous year[105]. - Investment income for the year ended December 31, 2024, was RMB 1,833.81 million, an increase of RMB 769.83 million or 72.35% compared to 2023[80]. Community and Economic Development - The bank is committed to supporting county-level economic development as a key area for financial services[16]. - The bank actively supported local economic development by focusing on technology finance, green finance, and inclusive finance[179]. - The balance of inclusive small and micro loans was RMB 53.685 billion, growing by 7.46% year-on-year, exceeding the general loan growth rate by 0.61 percentage points[190].