宁波银行(002142) - 2024 Q4 - 年度财报

Dividend and Financial Performance - The company plans to distribute a cash dividend of 9 RMB per 10 shares to common shareholders, subject to approval at the 2024 annual general meeting[4]. - In 2024, the company's operating income reached RMB 66,631 million, an increase of 8.19% compared to RMB 61,585 million in 2023[25]. - The net profit for 2024 was RMB 27,221 million, reflecting a growth of 6.29% from RMB 25,609 million in 2023[25]. - The basic earnings per share for 2024 was RMB 3.95, a 5.33% increase from RMB 3.75 in 2023[25]. - The company reported a total of 20,593.50 billion in deposits, an increase of 18.68% compared to the previous year[27]. - The company’s total deposits at the end of the year were RMB 1,836.345 billion, reflecting a growth of 17.24% year-on-year[131]. - The company reported a significant increase in other business income, which rose by 178.79% to RMB 92 million due to increased gains from the disposal of investment properties[137]. Asset and Liability Management - Total assets as of December 31, 2024, amounted to RMB 3,125,232 million, representing a 15.25% increase from RMB 2,711,662 million at the end of 2023[26]. - The company's total liabilities increased by 15.20% to RMB 2,890,972 million from RMB 2,509,452 million in 2023[26]. - The company's equity attributable to ordinary shareholders increased by 15.88% to RMB 233,151 million from RMB 201,195 million in 2023[26]. - The company's total equity stood at 234.26 billion RMB, reflecting a 15.85% increase from the previous year, with retained earnings increasing by 155.77 billion RMB to 1,027.31 billion RMB[114]. Risk Management and Compliance - The company focuses on risk management, aiming to minimize risk costs and ensure sustainable development[20]. - The capital adequacy ratio was 15.32%, well above the regulatory standard of 10.75%[31]. - The non-performing loan ratio remained stable at 0.76%, within the acceptable limit of 5%[31]. - The bank's provisioning coverage ratio was 389.35%, indicating strong risk management practices[32]. - The company emphasizes effective risk management in derivative trading, with a focus on market, liquidity, credit, operational, and legal risks[143]. - The company has established a comprehensive market risk management system, focusing on interest rate and exchange rate risks, with regular stress testing to assess potential losses under extreme market conditions[165][166]. Digital Transformation and Innovation - The company is committed to integrating financial technology into its operations, investing significant resources annually to improve digital and intelligent capabilities[21]. - The company continues to focus on digital transformation to enhance operational efficiency and maintain a competitive edge in the market[54]. - The company is enhancing its wealth management strategy through technology empowerment and optimizing its operational system[199]. Customer Engagement and Market Strategy - The company emphasizes a strategy of supporting the real economy and serving small and medium-sized enterprises, enhancing financial services quality and efficiency[20]. - The company aims to deepen its market presence and optimize branch layouts based on regional customer characteristics, enhancing market competitiveness[19]. - The company focused on enhancing customer retention through innovative products and actively participated in deposit tenders to attract institutional clients[111]. - The company organized over 4,000 private banking events throughout the year, engaging more than 100,000 clients[200]. Awards and Recognition - The company received multiple awards in 2024, including ranking 10th in the "Top 100 Competitiveness of Chinese Banking Industry" and being recognized as the "Best Wealth Management Bank" by various institutions[23]. - The company received multiple awards from the China Foreign Exchange Trading Center, including "Annual Market Influential Institution" and "Market Innovation Business Institution"[198]. Financial Ratios and Performance Metrics - The net interest margin (NIM) for 2024 was 1.86%, a decrease of 2 basis points from the previous year, while the net interest spread was 1.91%, down 10 basis points[65]. - The average daily loan balance accounted for 54.66% of interest-earning assets, an increase of 1.20 percentage points year-on-year[65]. - The average loan yield for 2024 was 4.84%, a decrease of 29 basis points year-on-year, with corporate loans averaging 4.29% (down 10 basis points) and personal loans averaging 5.76% (down 58 basis points)[68]. - The company's total non-interest income for 2024 was 18.638 billion RMB, a decrease of 9.87% year-on-year, primarily due to market fluctuations affecting fee income and the fair value of derivative financial instruments[81].