ICBC(HK:01398) 智通财经网·2025-03-28 08:50Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) reported a mixed performance for the fiscal year ending December 31, 2024, with a slight decrease in net interest income and operating revenue, but a modest increase in net profit, reflecting resilience amid challenging external conditions [1] Financial Performance - Net interest income was RMB 637.405 billion, a decrease of 2.7% year-on-year [1] - Operating revenue reached RMB 786.126 billion, down 2.52% year-on-year [1] - Net profit attributable to shareholders was RMB 365.863 billion, an increase of 0.51% year-on-year [1] - Basic earnings per share stood at RMB 0.98, with a proposed final cash dividend of RMB 1.646 per 10 shares (tax included) [1] - The non-performing loan ratio improved to 1.34%, a decrease of 2 basis points [1] - Provision coverage ratio increased to 214.91%, up 0.94 percentage points [1] - Capital adequacy ratio rose to 19.39%, maintaining a leading position among global banks [1] Strategic Focus - The bank emphasized its commitment to serving the real economy, with new domestic RMB loans and bond investments totaling RMB 2.3 trillion, supporting economic recovery [2] - Loan growth in manufacturing, strategic emerging industries, and green development was 13.7%, 16.7%, and 19.1% respectively [2] - Personal consumption loans grew by 28.3%, while personal operating loans increased by 24.6%, enhancing domestic demand [2] Technological Innovation - The bank is embracing transformation in the "AI+" era, launching a corporate-level financial model to enhance service speed, quality, and efficiency [3] - Financial technology investments accounted for 3.63% of operating revenue, with tech personnel making up 8.6% of total staff [3] - The establishment of a Free Trade Account (FT) unit aims to strengthen offshore finance and support the internationalization of the RMB [3] Risk Management - The bank follows a proactive risk management approach, integrating a risk control committee and enhancing its intelligent risk control platform [4] - Focus on asset quality improvement, particularly in real estate and local government debt sectors [4] - The bank aims to enhance group governance and management effectiveness through improved data integration and reporting processes [4]