Zhi Tong Cai Jing·2025-03-28 08:53Core Viewpoint - Construction Bank reported a stable performance in 2024 with a slight decrease in operating income but a modest increase in net profit, emphasizing stability in operations and asset quality [1][2][3] Financial Performance - Operating income for 2024 was 728.57 billion RMB, a year-on-year decrease of 2.29% [1] - Net profit attributable to ordinary shareholders was 328.469 billion RMB, an increase of 0.28% year-on-year [1] - Basic earnings per share stood at 1.31 RMB, with a proposed final dividend of 0.206 RMB per share [1] Asset and Liability Management - Total assets reached 40.57 trillion RMB, with a growth rate of 5.86% [1] - Total liabilities amounted to 37.23 trillion RMB [1] - Non-performing loan ratio was 1.34%, with a provision coverage ratio of 233.60% [1] Loan and Investment Structure - Net loans and advances amounted to 25.04 trillion RMB, an increase of 8.48%, representing a 1.49 percentage point increase in total assets [2] - Bond investment scale reached 10.39 trillion RMB, up 10.71%, with a 1.12 percentage point increase in total assets [2] Profitability and Efficiency Metrics - Return on equity was 10.69%, with an average return on assets of 0.85% and a net interest margin of 1.51% [2] - Capital adequacy ratio was 19.69%, with a core tier 1 capital ratio of 14.48% [2] - Cost-to-income ratio was 29.58%, indicating industry-leading operational efficiency [2] Strategic Focus and Innovation - The bank is focusing on strengthening its core business, with an increasing share of loans in key sectors such as technology and strategic emerging industries [3] - The scale of asset management reached 5.65 trillion RMB, with custodial assets at 23.95 trillion RMB, maintaining industry leadership [3] - The bank's cloud computing capabilities grew by 9.58%, with 193 financial model applications launched [3] Social Responsibility and ESG Rating - The bank is committed to promoting green and low-carbon transformation, achieving the highest MSCI ESG rating of AAA [3]