Dividends and Shareholder Returns - The board proposed a final cash dividend of RMB 0.206 per share, totaling approximately RMB 51.502 billion for the year 2024[5]. - The total cash dividend for the year amounts to RMB 1.00754 billion, with a per-share dividend of RMB 0.403[5]. - The bank has distributed interim cash dividends of RMB 0.197 per share, totaling approximately RMB 49.252 billion[5]. - The company plans to distribute a cash dividend of RMB 0.206 per share for the year-end 2024, totaling RMB 0.403 per share for the entire year[45]. Financial Performance - Total operating income for 2024 was RMB 728.57 billion, a decrease of 2.29% compared to RMB 745.62 billion in 2023[35]. - Net interest income decreased by 4.43% to RMB 589.88 billion from RMB 617.23 billion in the previous year[35]. - Non-interest income saw a significant increase of 167.17%, reaching RMB 33.76 billion compared to RMB 12.64 billion in 2023[35]. - The net profit for 2024 was RMB 336.28 billion, reflecting a slight increase of 1.15% from RMB 332.46 billion in 2023[35]. - The total assets increased by 5.86% to RMB 40.57 trillion from RMB 38.32 trillion in 2023[35]. - The capital adequacy ratio improved to 19.69%, up from 17.95% in the previous year[37]. - The non-performing loan ratio decreased to 1.34% from 1.37% in 2023[37]. - The coverage ratio for provisions stood at 233.60%, down from 239.85% in the previous year[37]. Customer Engagement and Services - The bank serves 771 million individual customers and 11.68 million corporate clients, with a total of 376,847 employees and 14,750 operating institutions[15]. - The user base for the "Twin Stars" program reached 521 million, indicating strong customer engagement[34]. - The number of users for the "CCB Life" platform reached 521 million, with financial transaction users at 184 million[59]. - The wealth customer base grew to 39.16 million, an increase of 17.78% year-over-year[200]. Risk Management - The bank's major risks include credit risk, market risk, operational risk, liquidity risk, and strategic risk, which are actively managed[6]. - The bank's financial performance and business development are based on current plans, estimates, and forecasts, with a focus on risk awareness[6]. - The company employs a forward-looking approach in measuring expected credit losses, considering various reasonable and evidence-based information[132]. - The company has established scenario assumptions for expected credit loss measurement, incorporating optimistic, neutral, and pessimistic scenarios[132]. Technological Development - The bank is focusing on the development of financial technology to support the growth of the gold market[10]. - The bank aims to embrace the artificial intelligence revolution to enhance productivity in the new model era[10]. - The company is enhancing its technology finance services to support high-level technological self-reliance and innovation[184]. - The company aims to establish a comprehensive digital evaluation system for technology enterprises to improve financing accessibility[184]. - The company is enhancing its digital financial infrastructure, maintaining industry-leading overall computing power and service capabilities[199]. - The company is advancing the digital yuan pilot, with 367,000 active merchants[200]. Corporate Strategy and Social Responsibility - The bank is committed to enhancing its capabilities in serving national strategies, preventing financial risks, and participating in international competition[16]. - The bank aims to create greater value for shareholders and provide better services for customers while fulfilling its corporate social responsibilities[18]. - The bank's mission is to operate with a market-oriented approach, focusing on customer needs and ensuring compliance and risk management[18]. - The MSCI ESG rating of the company has improved to the highest level (AAA), reflecting its commitment to social responsibility[45]. Asset and Liability Management - The total assets of the group reached RMB 40.57 trillion by the end of 2024, an increase of RMB 2.25 trillion, representing a growth of 5.86% compared to the previous year[117]. - The total deposits amounted to RMB 28.71 trillion, up by RMB 1.06 trillion, with a growth rate of 3.83% year-on-year[149]. - The company's total financial investments reached RMB 10.68 trillion, an increase of RMB 1.05 trillion or 10.85% from the previous year[136]. - The company's issued debt securities increased to RMB 2.39 trillion, representing a rise of RMB 490.86 billion or 25.92% year-on-year[146]. Operational Efficiency - The company plans to enhance cost management and improve operational efficiency in the upcoming fiscal year[105]. - The effective tax rate was 12.51%, significantly lower than the statutory rate of 25%, due to increased investments in tax-exempt government bonds[109]. - The group has optimized its liability structure, enhancing the diversity of funding sources and improving the quality of liability management[149]. - The group aims to enhance its proactive liability capabilities and improve market financing abilities through strategic arrangements[148].
建设银行(00939) - 2024 - 年度财报