Core Viewpoint - Jiangxi Bank has reversed its declining performance trend in 2024, achieving modest growth in revenue and net profit compared to previous years [1][3][4]. Financial Performance - In 2024, Jiangxi Bank reported operating income of 11.559 billion RMB, an increase of 2.32% year-on-year [1][3][4]. - The net profit for the year was 1.098 billion RMB, reflecting a growth of 2.21% compared to the previous year [1][3][4]. - The net profit attributable to shareholders was 1.057 billion RMB, up by 2.00% year-on-year [1][3][4]. Historical Performance Comparison - The bank's operating income in 2022 and 2023 was 12.714 billion RMB and 11.297 billion RMB, showing declines of 14.08% and 11.15% respectively [1][4]. - Net profits in 2022 and 2023 were 1.601 billion RMB and 1.074 billion RMB, with significant decreases of 24.20% and 32.90% respectively [1][4]. Revenue Breakdown - Interest income for 2024 was 19.425 billion RMB, down 2.32% from the previous year, while interest expenses decreased by 2.62% to 10.823 billion RMB [7][8]. - Net interest income fell to 8.603 billion RMB, a decrease of 1.92% year-on-year [7][8]. Asset and Liability Management - Total assets reached 573.635 billion RMB, a growth of 3.85% from the previous year [5][6]. - Total loans and advances amounted to 352.940 billion RMB, increasing by 4.76% year-on-year [5][6]. - Total liabilities were 525.054 billion RMB, up by 4.01% compared to the previous year [5][6]. Asset Quality - The non-performing loan (NPL) ratio was 2.15%, a slight decrease of 0.02 percentage points from the previous year [12][13]. - The total amount of non-performing loans was 7.588 billion RMB, compared to 7.299 billion RMB the previous year [12][13]. Management Changes and Legal Issues - The current leadership includes Zeng Hui as the Party Secretary and Chairman since August 2022, and Luo Xiaolin as the Deputy Party Secretary and President [1][15]. - Former Vice President Yu Jian is under investigation for multiple charges, including corruption and illegal loan issuance [2][15][16].
江西银行换帅后年报第三卷：业绩反转 副行长去年落马