兴业银行管理层透露市值管理计划 正积极申请设立AIC、研究中期分红

Core Viewpoint - The management of Industrial Bank emphasizes the importance of market value management and internal strength enhancement to achieve valuation recovery, while also preparing for long-term capital market opportunities [1][2] Financial Performance - Industrial Bank plans to distribute a cash dividend of 10.60 yuan per 10 shares, totaling 22.021 billion yuan, with the dividend payout ratio exceeding 30% for the first time [1] - The bank's net interest margin for 2024 is reported at 1.82%, a decrease of 11 basis points year-on-year, while the industry average is 1.52%, down 17 basis points [7] Strategic Adjustments - The bank is transitioning from a high-capital business model to a low-capital driven approach, focusing on customer and liability management rather than high-risk assets [3][4] - The management has identified four key relationships to optimize: potential vs. expansion, liabilities vs. assets, off-balance sheet vs. on-balance sheet, and risk control vs. short-term profit [4][5] Risk Management - The bank's risk management strategy emphasizes maintaining asset quality while navigating a complex risk environment, with expectations of a decrease in new non-performing assets compared to the previous year [7][8] Retail Development - Industrial Bank is enhancing its retail banking capabilities through a systematic approach, establishing five sub-systems to improve customer service and operational efficiency [9] - The bank aims to strengthen its position in technology finance, positioning it as a key growth area alongside its existing business lines [9]