Bank of Chengdu(601838)2025-04-28 14:20Financial Performance - Total assets reached RMB 1.25 trillion, with deposits of RMB 880 billion and loans of RMB 740 billion, marking a continuous growth of over RMB 100 billion for four consecutive years[17]. - Operating income and net profit exceeded RMB 22 billion and RMB 12 billion respectively, with a weighted average return on equity of 17.81%[17]. - Annual operating income was CNY 22.982 billion, representing a 5.89% growth year-over-year[29]. - Net profit attributable to shareholders was CNY 12.858 billion, up 10.17% from the previous year[29]. - Basic earnings per share reached CNY 3.28, a 0.27% increase year-over-year[29]. - The company's operating revenue for 2024 reached ¥22,981,527, an increase of 5.89% compared to ¥21,702,189 in 2023[43]. - Net profit for 2024 was ¥12,850,233, reflecting a growth of 10.10% from ¥11,671,933 in 2023[43]. - The company's total liabilities increased by 14.15% to ¥1,164,211,707 in 2024, up from ¥1,019,923,459 in 2023[43]. Asset Quality - Non-performing loan ratio decreased for nine consecutive years to 0.66%, maintaining the best asset quality in the industry[17]. - The non-performing loan ratio improved to 0.66%, marking a decline for nine consecutive years[29]. - Provision coverage ratio was 479.29%, maintaining a strong risk resistance capability among listed banks[29]. - The non-performing loan ratio improved to 0.66% in 2024, down from 0.68% in 2023[46]. - The provision coverage ratio for non-performing loans was reported at 479.29% in 2024, slightly down from 504.29% in 2023[46]. Market Position and Recognition - The company ranked 359th in the Fortune China 500 list, marking its first entry into the ranking[17]. - The company entered the Fortune China 500 for the first time, ranking 359th[29]. - The company was recognized multiple times as a "Monthly Active Trading Merchant" and "Annual Market Innovative Institution" in the interbank market, showcasing its competitive edge[85]. Loan and Deposit Growth - Total deposits amounted to CNY 885.859 billion, growing by 13.51% compared to the previous year[29]. - Total loans stood at CNY 742.568 billion, reflecting an 18.67% year-over-year increase[29]. - Personal consumption loan issuance and balance increased by over 100% and 120% respectively compared to the previous planning period[22]. - The company expanded its retail customer base to over 10 million, with new savings deposits reaching a historical peak of 84.3 billion yuan[34]. - Personal customer deposits grew by 23.79% to 438.42 billion, while corporate customer deposits increased by 3.79% to 405.45 billion[140]. Technological Advancements - The company implemented a new ticket business system that reduced processing time by 80%, significantly enhancing operational efficiency and customer experience[19]. - The company plans to accelerate the launch of important IT projects to enhance "finance + technology" integration[35]. - The monthly active user base for mobile banking reached 1.39 million, showcasing significant growth in digital engagement[34]. - The company expanded its electronic banking services, optimizing customer transaction experiences and increasing customer loyalty[87]. Risk Management - The company is focused on risk management, with effective measures in place to prevent systemic risks and enhance credit risk control[32]. - The company has strengthened its risk management framework, implementing new regulations to enhance operational risk management across banking and insurance institutions[76]. - Credit risk remains a significant concern, primarily related to loan portfolios and investment portfolios[200]. Green Finance Initiatives - The proportion of green loans has been continuously increasing, reflecting the company's commitment to supporting green, low-carbon, and circular economies[31]. - The company launched the first carbon emission reduction-linked loan, emphasizing its commitment to green finance and low-carbon transformation[79]. - Green loan balance ranked first among legal entities in Sichuan Province, with an increasingly完善的绿色融资服务体系[19]. Strategic Development - The company has established a comprehensive financial service ecosystem for inclusive finance, focusing on small and micro enterprises[19]. - The company is committed to long-termism and innovation, aiming to transform from a product provider to a value co-creator[35]. - The company achieved a historic high in credit issuance of nearly 400 billion yuan for the year, with new investments in local and credit bonds exceeding 40 billion yuan[30]. - The company aims to achieve 100% coverage of key regional industrial chains through comprehensive financial support[30]. Investment and Acquisitions - The company completed the acquisition of 100% of Sichuan Ming Mountain Jin Cheng Village Bank, enhancing its market presence[153]. - The company plans to increase its registered capital in Sichuan Jincheng Consumer Finance Company from 420 million to 1 billion, enhancing its investment capacity[156].