BANK OF SUZHOU(002966)2025-04-28 14:40Financial Performance - Revenue growth was recorded at 3.01%, while net profit attributable to shareholders increased by 10.16%[14]. - The company's total revenue for 2024 was 12,223,786, an increase of 3.01% compared to 11,866,120 in 2023[44]. - Operating profit rose to 6,389,536, reflecting an 11.30% increase from 5,740,637 in the previous year[44]. - Net profit reached 5,272,956, marking a 9.92% increase from 4,797,129 in 2023[44]. - The bank's operating income for 2024 was RMB 12.224 billion, an increase of RMB 357.666 million, or 3.01% year-over-year[78]. - The net interest income for 2024 was RMB 7.905 billion, a decrease of RMB 577.783 million, or 6.81% from the previous year, accounting for 64.67% of total operating income[81]. - The group's interest income for the reporting period was 20.809 billion RMB, an increase of 491.8 million RMB or 2.42% compared to the same period last year[89]. - The net cash inflow from operating activities for 2024 was CNY 10.97 billion, a decrease of CNY 5.50 billion compared to 2023[163]. Asset and Liability Growth - Total assets reached CNY 693.71 billion, an increase of 15.27% year-over-year[25]. - The total liabilities of the company reached CNY 638.46 billion, an increase of CNY 84.28 billion or 15.21% year-over-year[142]. - The company's total deposits amounted to CNY 427.40 billion, an increase of CNY 54.97 billion, with a growth rate of 14.76% year-over-year[146]. - The company's total loans and advances amounted to RMB 333,358,541 thousand, with a non-performing loan (NPL) ratio of 0.83%, a slight decrease from the previous year's 0.84%[176][181]. - The total amount of loans and advances as of December 31, 2024, reached CNY 333.36 billion, an increase of CNY 39.96 billion or 13.62% compared to the previous year[125]. Risk Management and Loan Quality - The non-performing loan ratio stood at 0.83%, with a provision coverage ratio of 483.50%[14]. - The bank has implemented a comprehensive risk management system to strengthen risk prevention and control[17]. - The company is enhancing digital risk monitoring and management to improve asset quality amid changing macroeconomic conditions[182]. - The company maintained a stable loan quality with a slight decrease in the non-performing loan ratio compared to the previous year[173]. - The provision for loan losses increased to RMB 13.32 billion, up by RMB 500 million from the previous year[192]. Digital Transformation and Innovation - The bank is accelerating its digital transformation and expanding its online and offline service platforms[16]. - The bank launched a digital transformation initiative called "228 Action," advancing 71 transformation projects[26]. - The bank's digital transformation efforts included the launch of a new international settlement system and upgrades to its mobile banking app[70]. Strategic Focus and Market Position - The bank's ranking among the world's top 1000 banks improved to 253rd place, and it ranked 10th among city commercial banks in the "Gyro" evaluation by the China Banking Association[14]. - The company aims to enhance its core capabilities in areas such as collaboration, resource allocation, and technological innovation to drive sustainable growth[28]. - The company is actively pursuing a strategic direction aligned with regional economic development, particularly in the Yangtze River Delta[40]. - The company emphasizes a customer-centric integrated operation strategy, focusing on technology finance, green finance, and digital finance[37]. Dividend and Shareholder Returns - The bank's cash dividend distribution plan for 2024 proposes a total cash dividend of 1.647 billion RMB, accounting for 32.50% of the net profit attributable to shareholders[3]. - Shareholder equity grew by 15.92% to 55,255,762 compared to 47,666,146 in the previous year[44].