信用减值损失大增超六成 中山农商银行2024年净利润下降14.56%

Core Viewpoint - Zhongshan Rural Commercial Bank reported a decline in net profit for the first time in five years, with a net profit of 1.556 billion yuan in 2024, down 14.56% year-on-year, primarily due to increased credit impairment losses [1][2] Group 1: Financial Performance - The bank achieved operating income of 3.92 billion yuan in 2024, an increase of 0.92 billion yuan or 2.39% year-on-year [1] - Interest income, which contributes over 70% of total income, decreased to 2.768 billion yuan, down 0.89 billion yuan or 3.11% year-on-year [1] - Net interest income as a percentage of total operating income fell from 74.96% to 71.07% [1] - Fee and commission income rose to 217 million yuan, an increase of 24.78% year-on-year [1] - Investment income increased to 865 million yuan, up 61.51% year-on-year [1] Group 2: Credit Impairment and Losses - The significant decline in net profit was attributed to increased credit impairment losses, which accounted for 42.9% of total operating expenses [2] - Credit impairment losses were reported at 1.053 billion yuan, an increase of 66.79% year-on-year [2] - Losses from loans and advances accounted for 1.026 billion yuan, up 56.40% year-on-year [2] Group 3: Asset and Liability Overview - Total assets reached 211.852 billion yuan at the end of 2024, an increase of 3.34% from the beginning of the year [2] - Loan balance stood at 111.172 billion yuan, representing 50.92% of total assets, with corporate loans exceeding 60 billion yuan [2] - Total liabilities were 194.477 billion yuan, up 3.08% from the beginning of the year [3] Group 4: Capital Adequacy and Asset Quality - The capital adequacy ratio decreased to 15.03%, down 0.30% year-on-year [3] - The non-performing loan ratio increased to 1.73%, up 0.49% year-on-year, marking three consecutive years of increase [3] - The provision coverage ratio fell to 178.81%, down 96.74% year-on-year, also reflecting a three-year decline [3] Group 5: Institutional Background - Zhongshan Rural Commercial Bank is a local commercial bank with independent legal status, established in 1952 and restructured in 2013 [3] - The bank maintains a strong market share in Zhongshan's financial sector, ranking among the top three institutions [3] - The top five shareholders hold over 5% each, including Zhongshan Investment Control Asset Management Co., Ltd. and others [3]