CEB BANK(601818) 21世纪经济报道·2025-04-03 03:07Core Viewpoint - The performance report of Everbright Bank for 2024 highlights a slight decline in revenue but an increase in net profit, emphasizing the bank's focus on technological innovation and valuation enhancement strategies to attract long-term capital [1][2][7]. Financial Performance - Everbright Bank reported a revenue of 135.42 billion yuan, a year-on-year decrease of 7.0%, but the decline narrowed by 1.7 percentage points compared to the previous three quarters [2]. - The net profit reached 41.91 billion yuan, showing a year-on-year growth of 2.0% and a quarter-on-quarter acceleration of 0.2 percentage points [2]. - Total assets increased to 6.96 trillion yuan, up 186.2 billion yuan or 2.7% from the previous year, with loans totaling 3.93 trillion yuan, a growth of 146.9 billion yuan or 3.9% [2][3]. - The bank's deposit cost improved to 2.18%, a reduction of 14 basis points from the previous year, positively impacting revenue despite a slowdown in loan growth [2]. Credit Support and Strategy - Everbright Bank prioritizes support for the real economy, directing resources towards technology innovation, advanced manufacturing, green development, and small and micro enterprises [3]. - Loans to technology enterprises grew by 42.1%, while loans to strategic emerging industries increased by 45.5% [3]. - The bank plans to allocate over 70% of its corporate credit growth in 2025 to high-quality development in key sectors such as technology and green finance [3]. Technological Innovation - The bank is accelerating its technological financial development, implementing a "Technology Finance 2.0" plan to enhance services for technology enterprises [4][5]. - Digital infrastructure improvements include a nearly 70% cloud application rate and a 47% increase in full-stack cloud computing power [6]. - The bank aims to enhance its data governance and service capabilities, exploring innovative practices in data elements [6]. Valuation Enhancement - Everbright Bank is actively pursuing a valuation enhancement plan, focusing on improving operational management and market recognition [7][8]. - The bank's stable dividend policy has resulted in a cash dividend of 11.167 billion yuan for 2024, with a payout ratio increasing to 30.14% [9][10]. - The bank's stock offers attractive dividend yields, with A-shares at 5% and H-shares exceeding 6%, positioning it favorably compared to fixed-income products [10].