HZBank(SH:600926) 2 1 Shi Ji Jing Ji Bao Dao·2025-04-14 04:07Core Insights - Hangzhou Bank has reported a satisfactory performance for the year 2024, achieving an operating income of 38.38 billion RMB, a year-on-year increase of 9.6%, and a net profit of 16.98 billion RMB, up 18.1% [1] - The bank's total assets exceeded 2.1 trillion RMB, with a non-performing loan ratio maintained at a low level of 0.76% [1] - The bank's strategic focus on serving the local economy and small and medium-sized enterprises (SMEs) has driven its growth, with total loans increasing by 16.16% and total deposits by 21.74% compared to the previous year [1] Group 1: Technology Finance - Hangzhou Bank has developed a comprehensive technology finance ecosystem, enhancing its "1+7+N" specialized financial system for innovation [1] - The bank serves over 23,000 technology enterprises, with more than 95% being private companies and over 75% being small and micro enterprises [1] - The balance of technology loans reached 93.5 billion RMB, reflecting a year-on-year growth of 29.52% [1] Group 2: Green Finance - The bank has integrated its business development with the national "dual carbon" strategy, focusing on clean energy and environmental protection [2] - Green loan balances increased by 14.7 billion RMB, a growth of 21.52%, reaching over 82 billion RMB by year-end [2] - The bank has supported 73 carbon reduction projects, including solar energy initiatives, with low-cost funding [2] Group 3: Inclusive Finance - Hangzhou Bank has enhanced its financial services for SMEs, with inclusive loans reaching 155.577 billion RMB, a year-on-year increase of 16.57% [3] - The number of inclusive loan clients grew by 22,781 to 138,035, with loan interest rates decreasing by 29 basis points compared to the previous year [3] - The bank is leveraging digital tools to improve service efficiency and better meet the needs of financial consumers [3] Group 4: Shareholder Returns - The bank has implemented a valuation enhancement plan to boost investor confidence and has proposed a cash dividend of 2.80 RMB per 10 shares for the end of 2024 [3] - The total cash dividend for 2024 is projected to reach 6.50 RMB per 10 shares, marking a 25% increase in per-share dividends and a 29% increase in total dividends compared to the previous year [3] - Cumulatively, the bank's cash dividends since its listing will exceed 18.8 billion RMB, surpassing its total equity financing to date [3]