Financial Performance - Weihai Bank reported a registered capital of RMB 5,980,058,344 as of December 31, 2024[10]. - In 2024, the bank's net interest income reached RMB 6,999.9 million, an increase of 5.68% compared to RMB 6,623.5 million in 2023[14]. - The bank's total assets as of the end of 2024 amounted to RMB 441,463.8 million, reflecting a growth of 12.65% from RMB 391,876.8 million in 2023[14]. - The net profit attributable to shareholders was RMB 1,991.7 million in 2024, up 2.99% from RMB 1,933.8 million in 2023[14]. - The bank's loan total reached RMB 210,331.2 million, marking a 10.72% increase from RMB 189,965.2 million in 2023[14]. - Operating income for the year was CNY 9.316 billion, an increase of CNY 0.582 billion or 6.64% year-on-year[26]. - Net profit for the year was CNY 2.198 billion, an increase of CNY 0.082 billion or 3.87% year-on-year[26]. - The cost-to-income ratio for 2024 is 22.88%, up from 21.31% in 2023[58]. - Pre-tax profit for 2024 was RMB 2.51 billion, an increase of RMB 214.6 million or 9.37% compared to 2023[64]. Risk Management - The report indicates that there were no significant risks identified that could adversely affect the bank's future development strategy and operational goals[7]. - The company has established a comprehensive risk management framework, including a board of directors, supervisory board, and senior management, to oversee credit, market, and information technology risks[170]. - The credit risk management policy aims to ensure stable development of credit business and asset quality, balancing risk and return while adhering to regulatory requirements[178]. - The company has implemented a full-process management system for market risk, including identification, measurement, monitoring, control, and reporting[181]. - The bank has successfully implemented operational risk management policies, ensuring no significant operational risk loss events occurred during the reporting period[183]. - The bank conducts quarterly liquidity stress tests to assess the impact of various risks on its operations and adjust emergency plans accordingly[187]. Capital and Equity - The bank's capital adequacy ratio stood at 13.76% in 2024, a slight increase from 13.38% in 2023[15]. - Total equity reached RMB 30.80 billion, an increase of RMB 2.79 billion or 9.96% from the end of 2023, with equity attributable to shareholders increasing by 12.46%[102]. - The core tier 1 capital ratio increased to 9.31% from 8.77% year-on-year[159]. - The total capital adequacy ratio improved to 13.76% from 13.38% year-on-year[159]. Loans and Advances - The total amount of loans and advances was RMB 210.33 billion, up RMB 20.37 billion or 10.72% from the end of 2023[106]. - The total amount of non-performing loans was RMB 2.96 billion, an increase of RMB 0.20 billion or 7.25% from the end of 2023[106]. - The non-performing loan ratio decreased by 0.04 percentage points to 1.41% as of the end of 2024[108]. - Individual loans decreased to RMB 43.30 billion, down RMB 1.10 billion or 2.48% from 2023[68]. Deposits and Liabilities - As of the end of 2024, total deposits amounted to RMB 293.49 billion, an increase of RMB 26.89 billion or 10.09% compared to the end of 2023[99]. - Total liabilities reached RMB 410,666.3 million as of December 31, 2024, an increase of RMB 467.97 million or 12.86% from RMB 363,868.9 million in 2023[94]. - The proportion of deposits in total liabilities was 73.53% as of December 31, 2024, compared to 75.30% in 2023[95]. Digital Transformation and Technology - The company aims to enhance its digital construction and service quality through technology integration with business departments[153]. - The bank's online banking platform processed a total transaction amount of CNY 13.26434 trillion during the reporting period[147]. - The number of mobile banking users increased by 19.22% to approximately 3.8 million by the end of the reporting period[148]. - The total investment in information technology for 2024 is CNY 175.2555 million, accounting for 1.88% of operating income[152]. Green Finance Initiatives - Green loan balance reached CNY 37.713 billion, an increase of CNY 11.692 billion or 44.93% year-to-date, accounting for 17.93% of total loans[26]. - The bank established a green finance department and green branches to enhance its green finance initiatives[26]. - The company actively supports key industries aligned with national policy, including green finance and supply chain financing[123]. Corporate Governance - The bank's board of directors confirmed the annual performance report for the fiscal year ending December 31, 2024, which has been audited and received a standard unqualified opinion[7]. - The report emphasizes the importance of accurate and complete financial reporting, with the board taking responsibility for the data presented[7]. - The board meeting that approved the annual report had full attendance with 15 directors present[7].
威海银行(09677) - 2024 - 年度业绩