Bank Of Jiangsu(SH:600919) Zhong Jin Zai Xian·2025-04-23 14:15Core Viewpoint - Jiangsu Bank's 2024 annual report showcases strong growth with operating income of 80.815 billion yuan and net profit attributable to shareholders of 31.843 billion yuan, highlighting its strength as a leading city commercial bank [1] Group 1: Personal Financial Business Performance - Retail asset management (AUM) has surpassed 1.42 trillion yuan, maintaining the top position among city commercial banks [1] - Retail deposit balance reached 822.9 billion yuan, a year-on-year increase of 16.21%, while retail loan balance was 674.8 billion yuan, up 3.40% from the previous year [1] - The personal loan non-performing rate is controlled at a low level of 0.88% [1] - As of the end of Q1 this year, retail AUM has exceeded 1.5 trillion yuan [1] Group 2: Professional Foundation - Jiangsu Bank focuses on a "full product" development strategy, offering a comprehensive range of high-quality financial products [2] - The bank launched the "Su Yin Jin Xuan" fund selection brand, which has outperformed market indices [2] - The bank provides efficient and convenient services through its mobile banking app and over 500 physical branches [2] Group 3: Recognition and Awards - Jiangsu Bank's personal financial services have received industry recognition, winning awards such as the "Topology Award" from Zhitong Finance and the "2024 Annual Bank Wealth Management Brand Award" from Shanghai Stock Exchange [3] Group 4: Targeted Services - The bank utilizes big data to create customer profiles, offering differentiated services to meet diverse consumer needs [4] - Jiangsu Bank has launched a 2025 consumption promotion initiative with 20 measures to stimulate consumer spending [4] - The bank has introduced various promotional activities in line with government policies to encourage consumption [4] Group 5: Elderly Financial Services - Jiangsu Bank has developed the "Su Yin Pension Finance" brand, providing a comprehensive service system for elderly customers [5] - The issuance of the "Rong Xiang Xing Fu" debit card has exceeded 1 million, and the sales of exclusive wealth management products have surpassed 260 billion yuan [5] Group 6: Entrepreneurial Services - The bank has introduced the "Qi Tou Jia" comprehensive service brand to cater to the needs of entrepreneurs, focusing on investment, financing, inheritance, and communication [6][7] - The number of financial private clients has grown at an annual rate of over 20%, exceeding 110,000 by the end of Q1 2025 [7] Group 7: Community Engagement and Cultural Finance - Jiangsu Bank has implemented a "1+N" customer acquisition model, integrating financial services into community life [8] - The bank has partnered with cultural institutions to enhance cultural finance and launched co-branded digital debit cards [9] - The bank supports major sports events and promotes community activities to create a vibrant lifestyle ecosystem [9] Group 8: Overall Strategy and Future Outlook - Jiangsu Bank emphasizes customer-centricity and aims to create value through community engagement and collaboration [8] - The bank's mobile app has over 7 million monthly active users, leading among city commercial banks [9] - Jiangsu Bank is committed to adapting to changing environments and providing warm, precise services to ensure customer satisfaction [9]