Financial Performance - Dongguan Rural Commercial Bank reported a revenue of 12.312 billion yuan in 2024, a year-on-year decrease of 7.15% [1] - Net profit fell to 4.861 billion yuan, down 9.08% year-on-year, with attributable net profit decreasing by 10.40% to 4.625 billion yuan [1] - Pre-tax profit saw a significant decline of 20.62% to 4.104 billion yuan, primarily due to falling market interest rates and policies aimed at benefiting the real economy, leading to a 13.22% reduction in net interest income [1] Business Growth - The bank's total assets reached 745.904 billion yuan, reflecting a year-on-year growth of 5.23% [1] - Deposits increased by 6.81% to 520.248 billion yuan, while loans grew by 7.31% to 381.045 billion yuan, indicating strong regional market penetration and support for the real economy [1] Profitability Challenges - The average yield on interest-earning assets decreased from 3.64% to 3.23%, primarily due to lower loan yields influenced by the decline in LPR and reduced bond investment returns [2] - Despite a slight decrease in the cost of interest-bearing liabilities to 1.93%, net interest margin pressure remains significant [2] - Non-interest income saw a structural adjustment, with non-interest net income increasing by 16.73% to 3.138 billion yuan, largely driven by a 70.87% surge in trading net income [2] Asset Quality - The non-performing loan (NPL) ratio rose from 1.23% in 2023 to 1.84%, indicating increasing risk exposure [3] - The provision coverage ratio significantly dropped from 308.30% to 207.72%, reflecting a weakened risk mitigation capacity [3] Liquidity and Capital Adequacy - The loan-to-deposit ratio slightly increased to 73.27%, showing improved liquidity management [3] - Capital adequacy ratio stood at 16.54%, with a Tier 1 capital adequacy ratio of 14.37%, both exceeding regulatory requirements [3] Future Outlook - The bank's performance highlights the typical challenges faced by regional banks during macroeconomic pressures, balancing scale expansion with profitability [3] - Future focus will be on achieving "high-quality growth" through digital transformation, optimizing asset structure, and strengthening risk control capabilities [3]
“扎根地方经济+数字化转型”的东莞农商银行，2024年报数据双降