张家港行(002839) - 2024 Q4 - 年度财报

Financial Performance - Total operating income for 2024 reached ¥4,711,289,734.07, an increase of 3.75% compared to ¥4,541,001,431.06 in 2023[17] - Net profit attributable to shareholders for 2024 was ¥1,878,563,242.92, reflecting a growth of 5.13% from ¥1,786,919,111.87 in 2023[17] - Net profit after deducting non-recurring gains and losses for 2024 was ¥1,847,515,183.55, up 6.86% from ¥1,728,833,026.41 in 2023[17] - Basic earnings per share for 2024 increased to ¥0.81, a rise of 3.85% from ¥0.78 in 2023[17] - Net profit for 2024 was RMB 1,875,249,496.55, reflecting a 4.29% increase from RMB 1,798,065,714.21 in 2023[47] - The company reported a net profit margin of 12%, an increase from 10% in the previous year[9] Cash Flow and Liquidity - The net cash flow from operating activities for 2024 was negative at -¥419,783,941.81, a decline of 123.38% compared to ¥1,795,487,875.54 in 2023[17] - The net cash flow from operating activities decreased by 123.38% to -RMB 419.78 million, primarily due to reduced cash inflow from deposit absorption and repurchase transactions[94] - The net cash flow from investment activities improved by 152.27% to RMB 2.61 billion, mainly due to increased cash received from investment recoveries[94] - The company maintained a liquidity ratio of 96.96%, significantly above the regulatory minimum of 25%, ensuring strong liquidity position[29] Assets and Liabilities - Total assets at the end of 2024 amounted to ¥218,908,026,873.13, representing a growth of 5.69% from ¥207,126,798,437.95 at the end of 2023[17] - Total assets increased to ¥218.91 billion in 2024 from ¥207.13 billion in 2023, showing a growth of approximately 8.6%[27] - Total liabilities increased by 4.79% from CNY 189.92 billion in 2023 to CNY 199.01 billion in 2024[78] - Customer deposits represented 86.03% of total liabilities, increasing by 6.40% from CNY 160.92 billion in 2023 to CNY 171.22 billion in 2024[78] Risk Management - The company’s credit risk primarily arises from its loan business, which is a significant source of income[116] - The company has strengthened credit risk management by utilizing big data and AI for better risk identification and early warning systems[118] - The company is actively managing liquidity risk by analyzing market share gaps and conducting liquidity stress tests to ensure a balanced asset-liability structure[119] - Market risk management has been enhanced through continuous monitoring of credit limits and optimizing technology for risk prevention[120] Strategic Initiatives - The company plans to distribute a cash dividend of ¥2.0 per 10 shares to all shareholders[3] - The company is focusing on digital transformation and technology empowerment to improve customer experience and operational efficiency[45] - The company will continue to adhere to the "supporting agriculture and small enterprises" strategy, focusing on inclusive finance to promote stable business development[130] - The company is implementing a new three-year development plan, emphasizing strategic management and monitoring to control strategic risks[122] Governance and Management - The company has established a robust financial management system and accounting framework[141] - The board has set up six specialized committees to enhance governance and oversight[137] - The company has a structured remuneration management policy in place for its directors and senior management[173] - The independent directors actively contributed to optimizing corporate governance and board construction[180] Employee and Operational Insights - The average age of employees is 36 years, with 11.05% of middle management under 35 years old, indicating a young and professional workforce[45] - The company has a total of 2,452 employees, with 2,302 in the parent company and 150 in major subsidiaries[186] - The company has established and effectively implemented internal control systems in accordance with regulatory requirements, focusing on comprehensive policy and procedure development[195] Market and Product Development - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[5] - Market expansion plans include entering three new international markets by the end of the year, projected to increase user base by 30%[6] - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[4]