Financial Performance - Net interest income for 2024 reached RMB 9,170.6 million, an increase from RMB 8,289.0 million in 2023, representing a growth of 10.65%[16]. - Total operating income for 2024 was RMB 10,388.4 million, slightly up from RMB 10,358.4 million in 2023, indicating a marginal increase of 0.29%[16]. - The net profit for the year 2024 was RMB 761.5 million, compared to RMB 745.4 million in 2023, reflecting a growth of 2.83%[16]. - The basic earnings per share for 2024 was RMB 0.14, consistent with RMB 0.15 in 2023, showing a decrease of 6.67%[16]. - The average return on total assets for 2024 was 0.15%, unchanged from 2023[16]. - The core tier 1 capital adequacy ratio improved to 9.44% in 2024 from 8.64% in 2023, an increase of 0.80 percentage points[16]. - The cost-to-income ratio for 2024 was 33.68%, up from 31.56% in 2023, indicating a rise of 2.12 percentage points[16]. - The company achieved operating revenue of RMB 10.388 billion and net profit of RMB 0.762 billion for the year ending December 31, 2024[22]. Awards and Recognition - The bank received multiple awards in January 2024, including the "2023 Outstanding Participating Institution Award" for its contributions to the digital supply chain financial service platform[7]. - The bank was recognized as a "Top 100 Self-Settlement" institution for 2023 by the Central Government Bond Registration and Settlement Co., Ltd.[8]. - The bank won the "2023 Mobile Payment Promotion Award" and "2023 Business Innovation Award" for its performance in mobile payment and credit card services[7]. - The bank received multiple awards in 2024, including "Best Digital Financial SME Bank" and "Best Industry Financial Innovation Bank"[10]. - The bank's credit risk early warning system was recognized as an excellent case in risk management innovation[11]. - The bank's project "Digital Carbon Integration" won the second prize for green finance in a competition with 99 entries[12]. Staffing and Operations - As of the reporting date, the bank employed 5,773 full-time staff, with an average age of 30.34 years, and 87.03% holding undergraduate or associate degrees[6]. - The bank has achieved full coverage in all prefecture-level cities in Jiangxi Province through its 13 branches and 263 sub-branches[6]. - The bank has established 20 rural banks, enhancing its regional presence and service offerings[6]. - The bank's registered address is located at 619 Changhong Avenue, Lianxi District, Jiujiang City, Jiangxi Province, China[5]. Asset and Liability Management - Total assets reached RMB 516.459 billion in 2024, up from RMB 503.849 billion in 2023, representing a growth of 1.22%[17]. - Total liabilities rose to RMB 473.926 billion in 2024, compared to RMB 462.893 billion in 2023, marking an increase of 2.23%[17]. - The liquidity coverage ratio decreased to 394.39% in 2024 from 448.64% in 2023, indicating a tighter liquidity position[17]. - The company maintained a leverage ratio of 7.06% in 2024, slightly down from 7.12% in 2023[17]. - The single largest customer loan ratio decreased to 0.89% in 2024 from 0.99% in 2023, indicating improved risk management[17]. Loan and Credit Management - Customer loans and advances net amount increased to RMB 311.948 billion in 2024, up from RMB 293.410 billion in 2023, reflecting a growth of 6.25%[17]. - The non-performing loan ratio increased to 2.19% in 2024 from 2.09% in 2023[17]. - The provision coverage ratio slightly improved to 154.25% in 2024 compared to 153.82% in 2023[17]. - The total amount of corporate loans and advances was RMB 199.24 billion, up RMB 16.96 billion or 9.3% year-on-year, driven by an increase in corporate credit[71]. - The total amount of retail loans and advances reached RMB 89,391 million, a decrease from RMB 97,719.9 million as of December 31, 2023, representing a decline of 8.5%[77]. Risk Management - The company is focused on risk management, with a comprehensive structure involving the board of directors and various committees to oversee risk strategies and policies[158]. - Credit risk is primarily associated with loans, investments, guarantees, and other credit exposures, highlighting the company's focus on managing these risks effectively[159]. - The company has established a comprehensive market risk management system, focusing on interest rate and exchange rate risks, and has implemented stress testing to measure potential losses under various scenarios[163]. - The company is enhancing its risk management capabilities by building a credit risk monitoring system and improving post-loan management quality through digital risk control initiatives[164]. Digital Transformation and Innovation - The company has implemented a digital transformation strategy, focusing on five core areas, including digital financial services and risk control capabilities[153]. - The AI model platform "Jiu Yin Brain" has been developed, learning from 23,000 FAQs and over 1,300 documents, with over 6,500 users and applications in more than 30 business scenarios[153]. - The company has actively promoted digital transformation, launching a specialized credit scheme "Digital Transformation Loan" in the local copper industry[142]. - The company has developed a multi-level consumer credit system, focusing on core products like "New Enjoy Loan" to meet diverse financial needs[136]. Compliance and Regulatory Management - The company has established a compliance risk management framework involving multiple governance bodies, including the board of directors and compliance management committee[174]. - Compliance risk management measures include the implementation of regulatory opinions and continuous improvement of compliance mechanisms[175]. - The company has enhanced its compliance management by establishing a full-process compliance management system, focusing on pre-emptive risk control measures[176]. - In 2024, the company reported a significant increase in anti-money laundering efforts, with 269 cases of abnormal account openings and 199 cases of telecom fraud intercepted, amounting to over RMB 19.4 million in illegal funds blocked[179].
九江银行(06190) - 2024 - 年度业绩