Financial Performance - Net interest income for 2024 reached RMB 6,999.9 million, an increase of 5.68% compared to RMB 6,623.5 million in 2023[11]. - Total operating income was RMB 9,315.6 million, reflecting a growth of 6.64% from RMB 8,735.4 million in the previous year[11]. - Net profit attributable to shareholders was RMB 1,991.7 million, up 2.99% from RMB 1,933.8 million in 2023[11]. - Total assets increased to RMB 441,463.8 million, marking a 12.65% rise from RMB 391,876.8 million in 2023[11]. - Total loans amounted to RMB 210,331.2 million, a growth of 10.72% compared to RMB 189,965.2 million in the previous year[11]. - Total operating income for 2024 was RMB 93.16 billion, up RMB 5.80 billion or 6.64% from 2023[26]. - Net profit for the year was CNY 2.198 billion, an increase of CNY 0.082 billion, or 3.87% year-on-year[25]. - Operating expenses increased by 14.73% to RMB 22.38 billion in 2024, compared to RMB 19.50 billion in 2023[26]. - The company reported a significant increase in tax expenses, rising by 75.67% to RMB 3.08 billion in 2024[26]. Asset and Liability Management - Total assets reached CNY 441.46 billion, an increase of CNY 49.59 billion, or 12.65% compared to the end of 2023[23]. - Total deposits increased by CNY 26.89 billion, or 10.09%, compared to the end of 2023[23]. - Total loans increased by CNY 20.37 billion, or 10.72%, compared to the end of 2023[23]. - Total liabilities amounted to RMB 410,666.3 million, an increase of RMB 467.97 million or 12.86% from RMB 363,868.9 million[91]. - Customer deposits, the main source of funding, totaled RMB 293,489.5 million, an increase of RMB 26,893 million or 10.09% from RMB 266,596.2 million[94]. - The total amount of bonds issued by the company reached RMB 49.718 billion, an increase of RMB 12.272 billion or 32.77% from the end of 2023, driven by adjustments in the liability business structure and increased issuance of low-interest market funds[98]. Risk Management - The company has established a comprehensive risk management framework, including a board of directors, supervisory board, and specialized committees to oversee risk management policies and procedures[168]. - Credit risk management aims to ensure the safe development of credit business and asset quality, balancing risk and return while adhering to regulatory requirements[175]. - The company has implemented a full-process management system for market risk, including identification, measurement, monitoring, control, and reporting[178]. - The operational risk management policy has been revised to align with regulatory requirements, establishing a clear framework for risk identification and control[181]. - The company has established a clear and comprehensive credit risk management policy system, including guidelines for credit approval and management[175]. Digital Transformation and Technology - The bank's digital transformation strategy focuses on data standardization and online intelligence, enhancing its financial technology capabilities[149]. - The bank's total investment in information technology for 2024 is CNY 175.2555 million, accounting for 1.88% of operating income[149]. - The bank has 498 self-service banking facilities, including 239 smart devices equipped with facial recognition technology[142]. - The bank's online banking platform processed a total transaction amount of CNY 13.26434 trillion during the reporting period, serving approximately 697,700 online banking customers[144]. - The bank's mobile banking users increased by 19.22% to approximately 3.8 million, with total transactions processed amounting to CNY 209.365 billion[145]. Corporate and Retail Banking - Corporate banking business revenue increased to RMB 5,817.5 million, representing 62.45% of total revenue, up from 58.32% in the previous year[114]. - Retail banking business revenue decreased to RMB 1,691.7 million, accounting for 18.16% of total revenue, down from 20.27% in the previous year[114]. - The average interest rate for inclusive small and micro enterprise loans was 4.51%, with a total of 73,300 loan accounts supporting the funding needs of these enterprises[121]. - The balance of supply chain financing business reached 8.741 billion yuan by the end of the reporting period[123]. - Personal deposit balance increased to 142.096 billion yuan, up by 12.30% from the end of 2023[128]. Awards and Recognition - The bank has received multiple awards, including "Top Ten Urban Commercial Banks in China" and "Most Competitive Small and Medium Bank"[9]. - The company has been recognized with the highest ESG rating of "A" for two consecutive years, enhancing brand influence and social reputation[24]. - Tongda Financial Leasing was recognized as a "Leading Green Leasing Enterprise" and "Most Growth-Oriented Financial Leasing Company" in 2024[151].
威海银行(09677) - 2024 - 年度财报