BANK OF CHANGSHA(SH:601577) Mei Ri Jing Ji Xin Wen·2025-05-07 08:42Core Viewpoint - Hunan Province is evolving as a significant transportation hub and an innovative ground for the transformation of traditional industries and the integration of emerging industries, with Changsha Bank playing a crucial role in this development [1] Group 1: Financial Performance - Changsha Bank reported total assets of 1.15 trillion yuan, an increase of over 120 billion yuan year-on-year, marking three consecutive years of asset growth exceeding 100 billion yuan [1] - For the year 2024, the bank achieved an operating income of 25.94 billion yuan, a year-on-year increase of 4.57%, and a net profit attributable to shareholders of 7.83 billion yuan, up 4.87% [2] - The bank's net interest margin stood at 2.11%, with net interest income growing by 2.68% due to optimized deposit structure and effective cost control [2] - As of the end of 2024, the bank's total assets reached 1.1467 trillion yuan, a year-on-year increase of 126.72 billion yuan, representing a growth rate of 12.42% [2] Group 2: Loan and Deposit Growth - County loans accounted for nearly 60% of the bank's new loans, with a county loan balance of 201.37 billion yuan, reflecting a year-on-year increase of 316.72 billion yuan [4] - The bank's county deposit balance reached 234.17 billion yuan, an increase of 29.6 billion yuan, with a growth rate of 14.47% [4] - The bank's "One County, One Specialty" loan program saw a balance of 6.582 billion yuan, a significant increase of 68.1% year-on-year [3] Group 3: Strategic Initiatives - In 2024, Changsha Bank launched its new ten-year strategy, focusing on the "Five Major Articles" of finance, with over 150 billion yuan allocated to these areas [6] - The bank has developed a robust digital finance platform, connecting over 2,300 government services and achieving over 11.6 million users in online channels [7] - The bank aims to become a leading "green ecological bank" by promoting green finance, with a green loan balance of 52.829 billion yuan, up 23.14% year-on-year [6] Group 4: Community Engagement - Changsha Bank is committed to enhancing financial services in rural areas through a three-tiered service network and initiatives like "Thousand Enterprises, Ten Thousand Households" outreach [6][7] - The bank's inclusive finance efforts resulted in a balance of 68.283 billion yuan in loans to small and micro enterprises, an increase of 15.91% [6]