ZHENGZHOU BANK(SZ:002936) Xin Lang Cai Jing·2025-04-01 01:11Core Viewpoint - Zhengzhou Bank has successfully reversed its negative profit trend over the past three years, achieving a net profit growth in 2024, supported by steady credit business expansion and ongoing business transformation [1][2]. Group 1: Financial Performance - In 2024, Zhengzhou Bank reported a net profit of 1.876 billion yuan, marking a year-on-year increase of 1.39%, thus reversing the negative profit trend of the previous three years [2]. - The total deposits of Zhengzhou Bank exceeded 400 billion yuan for the first time, with a net increase of 43.577 billion yuan in deposits, surpassing the total increase of the previous two years [3]. - The bank's total assets reached 676.365 billion yuan, growing by 7.24% year-on-year, while the loan and advance total amounted to 387.690 billion yuan, reflecting a growth of 7.51% [4]. Group 2: Deposit and Loan Growth - Zhengzhou Bank's deposit growth rate was 12.07%, which is 3.26 percentage points higher than the average growth rate of financial institutions in the province [3][4]. - The bank's personal deposit balance reached 218.179 billion yuan, accounting for approximately 54% of total deposits, indicating a successful retail strategy transformation [2]. Group 3: Risk Management and Asset Quality - The non-performing loan ratio of Zhengzhou Bank was 1.79%, a decrease of 0.08 percentage points from the beginning of the year, while the provision coverage ratio stood at 182.99%, indicating enhanced risk resistance capabilities [5]. - The bank's liquidity improved through the sale of 15 billion yuan in credit assets, which also contributed to reducing asset losses [5]. Group 4: Strategic Initiatives - Zhengzhou Bank has implemented a "three services" strategy focusing on serving local economies, small and medium-sized enterprises, and urban and rural residents [5]. - The bank has launched various financial products tailored for technology enterprises, including "R&D loans" and "investment-loan linkage" business models, to support innovation and development in the technology sector [6]. - Strategic partnerships with Huawei and Zhenghao Credit Service have been established to enhance digital transformation and innovation in financial services [6].