Hua Xia Shi Bao·2025-03-29 02:35Core Insights - Industrial and Commercial Bank of China (ICBC) reported a net profit of 366.946 billion yuan for 2024, reflecting a year-on-year growth of 0.5% despite a 2.5% decline in operating income [2][5] - The bank's total assets reached 48.82 trillion yuan, a 9.2% increase from the previous year, while customer deposits grew by 3.9% to 34.84 trillion yuan [2][5] - The bank's capital adequacy ratio stood at 19.39%, with a non-performing loan ratio of 1.34%, which decreased by 2 basis points [2][5] Financial Performance - The bank's net interest margin (NIM) and net interest yield were reported at 1.23% and 1.42%, respectively, down by 18 and 19 basis points year-on-year [6] - The bank's dividend payout for 2024 is approximately 109.773 billion yuan, with a cash dividend of 1.646 yuan per 10 shares [9][10] - The bank has maintained a stable dividend rate of over 30% in recent years, with a total cash dividend return exceeding 1.5 trillion yuan since its listing in 2006 [9][10] Strategic Initiatives - The bank aims to enhance its internationalization and modernization efforts while focusing on risk management and value creation [4][5] - The bank plans to optimize its asset-liability structure and improve cost management to counteract the downward pressure on net interest margins [6][7] - The bank has committed to maintaining a consistent dividend policy while balancing short-term and long-term shareholder interests [10]