Financial Performance - Interest income decreased by 15.0% to RMB 32,619,614,000 from RMB 38,376,991,000 in 2023[8] - Net interest income fell by 22.3% to RMB 6,886,675,000 compared to RMB 8,866,241,000 in the previous year[8] - Non-interest income increased by 44.0% to RMB 1,689,976,000 from RMB 1,173,584,000 in 2023[8] - Operating profit rose by 5.4% to RMB 970,293,000, up from RMB 920,365,000 in 2023[8] - Net profit attributable to shareholders decreased by 15.2% to RMB 621,050,000 from RMB 732,434,000 in 2023[8] - Total operating revenue for 2024 was RMB 8,576.65 million, a decrease of 14.6% from RMB 10,039.83 million in 2023[123] Assets and Liabilities - Total assets increased by 4.0% to RMB 1,122,776,226,000 compared to RMB 1,080,052,706,000 in 2023[10] - Total liabilities rose by 4.2% to RMB 1,042,578,840,000 from RMB 1,000,157,843,000 in 2023[10] - As of December 31, 2024, the total assets of Shengjing Bank reached RMB 1,122.776 billion, with total loans and advances amounting to RMB 500.592 billion and total deposits of RMB 780.589 billion[12] - As of December 31, 2024, total liabilities amounted to RMB 1,042.58 billion, an increase from RMB 1,000.16 billion as of December 31, 2023, reflecting a growth of 4.2%[98] Loan and Deposit Information - Total deposits amounted to RMB 780.589 billion, up RMB 19.435 billion, or 2.6% from the previous year[23] - Total loans reached RMB 500.592 billion, an increase of RMB 22.715 billion, or 4.8% year-on-year[23] - The loan-to-deposit ratio increased to 64.13%, up by 1.35% compared to the previous year[12] - Personal loans had an NPL ratio of 2.90% as of December 31, 2024, up from 2.74% the previous year[115] Risk Management - The non-performing loan ratio remained stable at 2.68%[10] - The bank's risk management system has been upgraded to enhance credit risk prevention and asset quality stability[107] - The company's loan coverage ratio was 157.00% as of December 31, 2024, a decrease of 2.5 percentage points from the previous year[87] - The bank's liquidity risk management emphasizes a prudent and stable approach, ensuring sufficient cash or high-quality liquid assets to meet payment needs under normal and stressed conditions[158] Capital Adequacy - The average return on equity declined to 0.80% from 0.95% in 2023[10] - The core tier 1 capital adequacy ratio decreased to 10.26%, down by 0.16% from 2023, while the tier 1 capital adequacy ratio decreased to 12.24%, down by 0.19% from 2023[12] - The core tier 1 capital adequacy ratio was 10.26%, tier 1 capital adequacy ratio was 12.24%, and total capital adequacy ratio was 14.69% as of December 31, 2024[116] Strategic Initiatives - The bank's strategic vision is to become a "good bank that benefits enterprises and the public," with a focus on high-quality development and digital transformation[15] - The bank has implemented a "12345" development strategy to navigate complex financial environments and enhance operational efficiency[15] - The company aims to enhance its digital risk control capabilities by developing over 10 digital risk models to improve risk identification accuracy and automate approval processes[149] Customer and Market Development - The bank has launched the "Shengqing Community" initiative, serving over one million community residents[13] - The company has actively responded to national policies to support rural revitalization, launching specialized agricultural products and services[140] - The number of personal customers reached 31.8652 million, with a net increase of 324,100 customers, including 1.41903 million first-tier customers[134] Shareholder Information - As of December 31, 2024, the total number of shares is 8,796,680,200, with 6,455,937,700 domestic shares and 2,340,742,500 H shares, showing no changes during the reporting period[173] - The top ten domestic shareholders hold a total of 4,409,061,661 shares, accounting for 50.12% of the company's total share capital[176] - The major shareholder, Zhengbo Holdings Limited, possesses 400,000,000 H shares, which is 17.09% of H shares and 4.55% of total share capital[179] Compliance and Governance - The company is committed to compliance and has implemented a three-year action plan to enhance its compliance framework[143] - The company's governance structure includes various independent non-executive directors, enhancing oversight and compliance[193] - The strategic development committee has been renamed to the strategic development and ESG committee, effective from February 22, 2024[197]
盛京银行(02066) - 2024 - 年度财报