大新银行集团(02356) - 2024 - 年度业绩

Financial Performance - Net interest income for the year ended December 31, 2024, increased by 9.8% to HK$5,288,117,000 compared to HK$4,815,435,000 in 2023[4] - Service fee and commission income rose by 53.3% to HK$1,328,609,000 from HK$866,802,000 year-on-year[4] - Total operating income grew by 17.2% to HK$6,934,923,000, up from HK$5,916,084,000 in the previous year[4] - Profit attributable to shareholders for the year was HK$2,060,347,000, reflecting a 10.8% increase from HK$1,860,306,000 in 2023[4] - Basic earnings per share increased to HK$1.47 from HK$1.32, while diluted earnings per share rose to HK$1.37 from HK$1.23[4] - The operating profit before credit impairment losses for 2024 was HKD 3,594,873 thousand, up from HKD 2,747,187 thousand in 2023, reflecting a growth of approximately 30.9%[19] - The annual profit for the year ended December 31, 2024, was HKD 2,060,347 thousand, an increase from HKD 1,860,306 thousand in 2023, representing a growth of about 10.7%[19] - The company reported a pre-tax profit of HKD 2,395,369 thousand for 2024, up from HKD 2,141,578 thousand in 2023, reflecting an increase of about 11.9%[22] - Non-interest income for 2024 was HKD 1,646,806 thousand, compared to HKD 1,100,649 thousand in 2023, marking a substantial increase of approximately 49.8%[19] Credit and Impairment - The company reported a credit impairment loss of HK$1,791,361,000, a significant increase of 145.0% compared to HK$731,311,000 in 2023[4] - Credit impairment losses for 2024 totaled HKD 1,791,361 thousand, compared to HKD 731,311 thousand in 2023, indicating a significant increase of approximately 144.5%[19] - The total impairment provisions for loans and advances increased to HKD 1,532,345 thousand in 2024 from HKD 1,113,256 thousand in 2023, indicating a rise of approximately 37.7%[41] - The stage 3 impairment provision increased to HKD 694,499,000 in 2024 from HKD 228,158,000 in 2023, reflecting a significant rise in credit risk[42] - Total overdue loans as of December 31, 2024, amounted to HKD 3,809,230,000, representing 2.75% of total loans, compared to HKD 2,167,589,000 or 1.51% in 2023[42] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HK$256,339,081,000, a decrease from HK$260,744,094,000 in 2023[6] - The total liabilities as of December 31, 2024, were HKD 222,515,709 thousand, compared to HKD 227,854,651 thousand in 2023, showing a decrease of approximately 2.4%[22] - The total amount of other assets decreased to HKD 4,752,501 thousand in 2024 from HKD 5,141,313 thousand in 2023, a decline of about 7.5%[38] - The total financial assets measured at fair value increased to HKD 44,808,705,000 in 2024, up from HKD 40,525,842,000 in 2023, reflecting a growth of approximately 8.1%[46] - The total debt securities measured at amortized cost decreased to HKD 35,554,370,000 in 2024 from HKD 39,413,306,000 in 2023, a decline of about 9.8%[47] Customer Deposits and Loans - Customer deposits decreased to HK$201,568,051,000 from HK$207,233,698,000 year-on-year[6] - Total customer loans and advances decreased to HKD 138,374,285 thousand in 2024 from HKD 143,049,476 thousand in 2023, representing a decline of approximately 3.7%[38] - The net amount of loans and advances after impairment provisions was HKD 136,841,940 thousand in 2024, down from HKD 141,936,220 thousand in 2023, a decrease of about 3.7%[41] - The total outstanding loans in Hong Kong decreased from HKD 103,611,210,000 in 2023 to HKD 102,052,384,000 in 2024, a decline of approximately 1.5%[52] - The total amount of trade finance loans decreased from HKD 5,624,799,000 in 2023 to HKD 4,902,455,000 in 2024, a decrease of about 12.8%[52] Dividends and Shareholder Returns - The company declared an interim dividend of HK$379,553,000, compared to HK$154,633,000 in the previous year[4] - The final dividend proposed is HKD 0.39 per share, totaling HKD 927.8 million for the year, a 10% increase from HKD 0.60 in 2023[72] Governance and Compliance - The company has adhered to the Corporate Governance Code, except for the provision F.2.2 regarding the attendance of the chairman at the annual general meeting[78] - The company has established a Securities Trading Code for directors, confirming compliance with the Standard Code throughout the fiscal year ending December 31, 2024[79] - The Audit Committee has reviewed the accounting standards and practices, including the consolidated financial statements for the year ending December 31, 2024[80] Future Outlook - The group anticipates continued challenges in the banking sector, particularly regarding credit risk and weak loan growth[77]