CCB(SH:601939) Zheng Quan Ri Bao·2025-03-28 12:52Core Viewpoint - China Construction Bank (CCB) reported a net profit of 336.28 billion yuan for 2024, reflecting a year-on-year growth of 1.15% despite a decline in total operating income [1][3]. Financial Performance - CCB achieved total operating income of 750.15 billion yuan in 2024, down 2.54% from 769.74 billion yuan in 2023 [3]. - The bank's net interest income decreased by 4.43% to 589.88 billion yuan, while net fee and commission income fell by 9.35% to 104.93 billion yuan [3]. - Other non-interest income saw a significant increase of 50.56%, reaching 55.34 billion yuan [3]. - The bank's net profit attributable to shareholders was 335.58 billion yuan, a slight increase of 0.88% compared to the previous year [3]. Dividend Policy - CCB's board proposed a final cash dividend of 0.206 yuan per share, leading to a total cash dividend of 0.403 yuan per share for the year, amounting to 100.75 billion yuan, with a payout ratio of 30% [1]. Asset and Liability Management - As of the end of 2024, CCB's total assets reached 40.57 trillion yuan, an increase of 5.86% [2]. - The bank's total liabilities were 37.23 trillion yuan, reflecting a growth of 5.90% [2]. - CCB's net loans and advances amounted to 25.04 trillion yuan, with an increase of 8.48% [2]. Risk Management - CCB reported a non-performing loan (NPL) ratio of 1.34%, a decrease of 0.03 percentage points from the previous year, indicating improved asset quality [2]. - The bank's provision coverage ratio stood at 233.60%, demonstrating strong risk mitigation capabilities [2]. Strategic Focus - CCB emphasized its commitment to supporting the real economy and enhancing comprehensive management to create greater value for shareholders [1]. - The bank's loans to private enterprises reached 5.99 trillion yuan, up 11.01%, with significant increases in loans to the manufacturing sector and strategic emerging industries [3].