Company Overview - As of December 31, 2024, the registered capital of Huishang Bank is RMB 13,889,801,211[9]. - Huishang Bank was established on April 4, 1997, and officially commenced operations on January 1, 2006[9]. - The bank employs a total of 12,837 staff and operates 21 branches and 464 external business institutions[10]. - The bank has formed a diversified operational structure with four subsidiaries and stakes in other financial institutions[10]. - The bank's market positioning focuses on serving local economies, small and medium enterprises, and the general public[10]. - The bank's main business scope includes banking services, securities investment fund custody, and foreign exchange services[10]. - The bank's H shares were listed on the Hong Kong Stock Exchange on November 12, 2013, under stock code 3698[9]. Financial Performance - Total assets reached RMB 2,013,753 million, an increase of 11.49% year-over-year[30]. - Customer loans and advances totaled RMB 1,002,166 million, growing by 14.64% compared to the previous year[30]. - Operating income for 2024 was RMB 37,128 million, reflecting a 2.10% increase from 2023[23]. - Net profit for the year was RMB 15,917 million, representing a 6.18% increase year-over-year[23]. - Basic earnings per share increased to RMB 1.05, up 5.00% from RMB 1.00 in 2023[23]. - Non-performing loan ratio improved to 0.99%, down from 1.26% in the previous year[20]. - Total customer deposits reached RMB 1,138,966 million, an increase of 11.65% year-over-year[30]. - The return on average assets (ROA) decreased to 0.83%, down from 0.89% in 2023[20]. - The capital adequacy ratio increased to 13.72%, up from 13.21% in the previous year[20]. Awards and Recognition - The company received multiple awards in 2024, including the "Outstanding Comprehensive Business Institution" from the Shanghai Bills Exchange[11]. - The company ranked 146th in the "Global Bank Brand Value Top 500" list by The Banker magazine in March 2024[12]. - The company was recognized as the 183rd in the "China Brand Value Top 500" list in May 2024[12]. - The company achieved the first place in the evaluation of the effectiveness of credit policy guidance for technology enterprises in Anhui Province in Q1 2024[12]. - The company was awarded the "Outstanding Financial Consumer Rights Protection Case" by the China Banking and Insurance News in March 2024[11]. - The company was awarded the "2024 Financial Innovation Excellence Institution" by the Banker magazine in November 2024[14]. Digital Transformation and Innovation - The company’s trading app won the "Digital Financial Innovation Case" award in September 2024[13]. - The company’s "Digital Supply Chain Financial Service Platform" was recognized as an outstanding institution in December 2024 by the People's Bank of China Clearing Center[16]. - The company is committed to digital transformation and innovation in international business, launching several mobile products to improve cross-border financial services[139]. - The company launched 19 standardized open banking products and 259 APIs, facilitating 284 million transactions and connecting with 46 external partners, serving 1,817 corporate clients and 121,900 individual clients[153]. - The bank is committed to building a digital risk control system characterized by full-process, model-based, and real-time capabilities[197]. Risk Management - The bank has established a comprehensive risk management system for large exposure risks, ensuring compliance with regulatory requirements[171]. - The bank's liquidity risk management aims to balance liquidity, safety, and profitability while ensuring sufficient funds to meet expected and unexpected demands[175]. - The bank's operational risk management is being optimized in response to regulatory changes, focusing on enhancing data sharing mechanisms and fine-tuning management capabilities[173]. - The bank's strategy includes proactive measures to mitigate risks in key areas and increase the disposal of non-performing assets[170]. - The bank has enhanced its foreign exchange risk management by employing both qualitative and quantitative methods, aiming to maximize risk-adjusted returns[180]. Customer Engagement and Services - The number of mobile banking customers exceeded 10 million, reflecting a significant digital transformation[39]. - The company’s asset custody business reached RMB 1,136.593 billion by December 31, 2024, an increase of RMB 116.098 billion (11.38%) from the beginning of the year, with custody fee income of RMB 618.9846 million, up RMB 33.8703 million (5.79%) year-on-year[148]. - The corporate online banking customer count reached 417,700, with transaction volumes of 38.994 million, reflecting a year-on-year growth of 20.98%, and total transaction amounts of RMB 5.27 trillion, up 9.98%[151]. - The company processed over 3,800 consumer rights protection reviews related to products and services, and conducted over 160 training sessions on consumer rights protection[192]. - Customer complaints increased by 26.24% year-on-year, totaling 3,059 complaints, primarily concerning credit cards and personal loans[192]. Corporate Social Responsibility and Community Engagement - The company is focused on enhancing financial services to support the real economy and small enterprises, while promoting green credit initiatives[191]. - The company aims to strengthen its corporate culture and social responsibility initiatives, aligning with its strategic goals for high-quality development[190]. - The company established a green finance management system to enhance service quality and efficiency in green finance[159]. Future Outlook and Strategic Goals - The bank aims to enhance its market share in investment banking and increase resources allocation to economically vibrant areas[196]. - The bank plans to strengthen its digital financial services and accelerate the application of new technologies such as artificial intelligence[196]. - The bank's strategic goal is to become an outstanding local mainstream bank through a comprehensive management system focusing on finance, risk control, and technology[195]. - The bank will support the development of emerging industries such as new energy vehicles and artificial intelligence through integrated services[195].
徽商银行(03698) - 2024 - 年度财报