Capital and Branch Network - The registered capital of Jiangxi Bank is RMB 6,024,276,901[4] - As of the end of the reporting period, Jiangxi Bank has 22 first-level branches and 232 business outlets covering all prefecture-level cities in Jiangxi Province[7] - The bank has established two branches outside Jiangxi Province, in Guangzhou and Suzhou[7] Awards and Recognition - Jiangxi Bank has been recognized as one of the "Top 500 Service Enterprises in China" for five consecutive years[7] - The bank received the third prize in the 2023 Financial Technology Development Award from the People's Bank of China[9] - Jiangxi Bank was awarded the "Outstanding Institution" for data quality work by the Credit Reference Center of the People's Bank of China in 2023[9] - The bank was recognized as a core dealer by the China Foreign Exchange Trading Center for its market influence in 2023[9] - Jiangxi Bank's ESG rating was assessed as "A" and it was included in the "Top 20 ESG Comprehensive Performance of City Commercial Banks" list[11] - The bank was recognized as the 9th city commercial bank in China to sign the UN Principles for Responsible Banking in 2024[21] Financial Performance - Net interest income for 2024 is RMB 8,602.62 million, a decrease of 1.92% compared to 2023[13] - Total operating income for 2024 is RMB 11,559.23 million, reflecting a growth of 2.32% from 2023[13] - Pre-tax profit decreased by 25.54% to RMB 752.33 million in 2024 compared to 2023[13] - Net profit attributable to shareholders for 2024 is RMB 1,056.92 million, an increase of 2.00% from 2023[13] - Total assets reached RMB 573,634.75 million in 2024, up 3.85% from 2023[15] - Non-performing loan ratio improved slightly to 2.15% in 2024 from 2.17% in 2023[15] - The liquidity coverage ratio increased significantly to 403.22% in 2024, up from 333.38% in 2023[15] - Basic earnings per share for 2024 is RMB 0.12, a rise of 9.09% compared to 2023[13] - The bank's total equity attributable to shareholders increased by 2.15% to RMB 47,784.46 million in 2024[15] - Total assets of the group increased by 3.85% compared to the end of the previous year[31] - Total loans and advances increased by 4.76% compared to the end of the previous year[31] - Total deposits increased by 2.55% compared to the end of the previous year[31] - Operating income increased by 2.63 million yuan year-on-year[31] - Net profit increased by 2.21% year-on-year[31] Loan and Deposit Growth - Customer base for corporate, individual, and inclusive finance segments grew by 10.57%, 5.64%, and 8.17% respectively[31] - Green loans increased by 26.45% year-on-year[22] - Digital economy sector loans increased by 75% year-on-year[22] - The number of inclusive financial service stations increased by 139, achieving full coverage in provincial and city-level counties[26] - The bank's green loan balance increased by RMB 8.251 billion, with a growth rate of 26.45% compared to the previous year[32] - The balance of inclusive small and micro loans grew by 14%, with a net increase over three years exceeding the balance of 2021[32] - The balance of inclusive small and micro enterprise loans under RMB 10 million reached RMB 52.602 billion, an increase of RMB 6.461 billion or 14.00% year-on-year, with a weighted average interest rate of 4.62%[155] - Agricultural loan balance was RMB 30.517 billion, up RMB 2.059 billion or 7.24% from the end of last year, serving 15,546 agricultural customers[156] Digital Transformation and Innovation - The bank launched new digital financial products, resulting in a 75% year-on-year increase in loans to key enterprises in the digital economy sector[32] - The online banking penetration rate reached 91%, with channel activity increasing by 13.15% compared to the previous year[179] - The number of corporate online banking customers grew by over 10% year-on-year[181] - The "Jiangxi Bank Micro Bank" WeChat public account had 1.1183 million followers, an increase of 9.25% from the previous year[182] - 18 out of 43 digital transformation projects planned for 2024-2026 have been completed by the end of 2024[184] - The new credit management system became the first fully domestically controlled banking system in Jiangxi Province[184] - The RPA platform has launched 52 various scenarios, saving over 14,000 working hours for business personnel throughout the year[185] Risk Management - The bank emphasizes a risk control strategy focusing on "controlling risks, reducing costs, and stabilizing growth" to enhance operational efficiency[193] - The bank has implemented a comprehensive risk management framework covering credit risk, market risk, liquidity risk, operational risk, and other risks[196] - Credit risk management measures include optimizing the risk management system and enhancing credit risk process control to prevent potential losses[200] - The bank has established a professional credit risk management team to improve the management of credit assets and enhance proactive risk control measures[200] - The bank aims to strengthen the collection and disposal of non-performing loans through targeted actions and innovative disposal methods[200] Community and Inclusive Finance - The company launched over 50 inclusive financial products, including "Digital Transformation Loan" and "Tax Rebate Pledge Loan," effectively meeting diverse financing needs[157] - The company has established 23 talent financial service centers to enhance financial services for talent enterprises[152] - The company aims to become a benchmark for green finance in Jiangxi Province, with a strategic focus on sustainable development[151] - The company has implemented differentiated marketing strategies to improve customer satisfaction and loyalty[136] - The company has actively engaged in low-cost deposit marketing to support major projects and enhance funding channels[137] Corporate and Personal Banking - The company's banking business revenue for 2024 was RMB 5,588.16 million, accounting for 48.34% of total revenue, while retail banking and credit card business revenue was RMB 2,937.52 million, representing 25.41%[135] - The financial market business generated revenue of RMB 2,992.10 million in 2024, which is 25.89% of total revenue, showing a growth compared to RMB 2,811.27 million in 2023[135] - The total number of personal customers reached 6.5722 million, an increase of 350,500 from the end of last year[158] - Personal deposit balance reached RMB 210.648 billion, an increase of RMB 25.072 billion or 13.51% year-on-year[161] - The personal comprehensive consumption loan issuance exceeded RMB 13 billion, supporting over 50,000 local residents' consumption needs[163] Financial Stability and Liabilities - The total liabilities of the group were RMB 525.054 billion, an increase of RMB 20.241 billion or 4.01% from the end of the previous year[97] - The total equity attributable to shareholders was RMB 47.78 billion, an increase of RMB 1.01 billion or 2.15% compared to the previous year[109] - The total off-balance sheet credit commitments amounted to RMB 58.53 billion, a decrease from RMB 61.37 billion in the previous year[112] - The total issued bonds reached RMB 65.47 billion, an increase of RMB 20.10 billion, influenced by the growth in interbank certificates of deposit and bond issuance[106]
江西银行(01916) - 2024 - 年度财报