BOB(SH:601169) Jin Rong Shi Bao·2025-04-22 06:51Core Viewpoint - In 2024, Beijing Bank demonstrates resilience and innovative practices amidst challenges in the banking sector, achieving significant growth in assets, revenue, and net profit despite a declining interest rate environment [1][3]. Financial Performance - As of the end of 2024, Beijing Bank's total assets reached 4.22 trillion yuan, a 12.61% increase from the beginning of the year [1][3]. - The bank reported operating income of 69.917 billion yuan, a year-on-year growth of 4.81% [1]. - The net profit attributable to shareholders was 25.831 billion yuan, reflecting a 0.81% increase year-on-year [1]. Market Performance - Beijing Bank's stock price increased by 43.69% over the year, marking the largest gain in nearly a decade [1]. - The bank's brand value reached 103.662 billion yuan, indicating a dual enhancement in market capitalization and brand value [1]. Strategic Development - The bank focuses on "stable growth and optimized structure," achieving balanced development across scale, structure, quality, and efficiency [3]. - The deposit scale reached 2.45 trillion yuan, growing by 18.34% year-on-year, driven by a strategy emphasizing quality deposits [3]. - Loan balances in key sectors such as technology finance, green finance, and inclusive finance saw substantial growth, with increases of 40.52%, 43.11%, and 28.30% respectively [4]. Non-Interest Income - Non-interest income amounted to 18.007 billion yuan, a 10.06% increase, constituting 25.75% of total operating income, up by 1.22 percentage points year-on-year [4]. Retail Business - The bank's retail assets under management (AUM) reached 1.22 trillion yuan, growing by 17.25% year-on-year, marking the best performance since its transformation [4]. Competitive Advantage - Beijing Bank aims to differentiate itself in a competitive market by creating a unique identity and expanding its financial services in key regions, particularly in the Yangtze River Delta [5]. - The bank has established over 110 branches in Shanghai, Zhejiang, and Jiangsu, with loans from these regions accounting for 22.9% of the total [5]. Digital Transformation - Beijing Bank has initiated a three-year digital transformation plan, focusing on unifying data, financial operations, and risk control systems [9]. - The bank is transitioning to a fully digital operating model, with significant projects aimed at enhancing operational efficiency and customer experience [9]. AI Integration - The bank is committed to integrating AI into its operations, having developed its own large-scale AI model and various AI-driven platforms to enhance service delivery [10]. - AI applications have been implemented in high-value areas such as customer service and risk management, improving operational efficiency by over 10% [10].