Bank of Chengdu(601838) Mei Ri Jing Ji Xin Wen·2025-05-12 15:13Core Insights - Chengdu Bank demonstrated resilience and growth in its latest annual report, achieving significant milestones in revenue and profit despite industry challenges [1][2] - The bank's strategic focus on risk management and innovation has led to a continuous decline in non-performing loan rates, reaching a historic low of 0.66% [1][3] - Chengdu Bank has been recognized as a benchmark for high-quality development among regional banks, making its debut in the Fortune China 500 list [1] Financial Performance - In 2024, Chengdu Bank's operating income and net profit surpassed 22 billion yuan and 12 billion yuan, respectively, with year-on-year growth of 5.89% and 10.17% [2] - The bank's total assets, deposits, and loans reached 12,501.16 billion yuan, 8,858.59 billion yuan, and 7,425.68 billion yuan, reflecting year-on-year growth of 14.56%, 13.51%, and 18.67% [2][3] - The board proposed a cash dividend of 8.91 yuan per 10 shares, totaling 3.776 billion yuan, which is 30.04% of the net profit attributable to shareholders [2] Risk Management - Chengdu Bank has maintained a non-performing loan rate below 0.7% for nine consecutive years, with a provision coverage ratio exceeding 479%, positioning it among the top tier of listed banks in terms of risk resilience [1][3] Strategic Initiatives - The bank has focused on serving local economies, achieving a record credit issuance of nearly 400 billion yuan in 2024, and has established itself as a trusted partner for regional economic development [4] - Chengdu Bank has developed specialized financial products and services tailored to local industries, enhancing its market responsiveness and efficiency [5] Retail Banking and Digital Transformation - The bank's retail banking sector has seen significant growth, with over 10 million retail customers and a savings deposit total of 438.416 billion yuan, marking a historical peak [6] - Digital banking initiatives have led to a substantial increase in mobile banking users, with active monthly users reaching 1.39 million [6][10] Social Responsibility and Sustainable Development - Chengdu Bank has actively engaged in green financing, with green loan balances reaching 49.771 billion yuan, a year-on-year increase of 22.8%, and has been a leader in green bond underwriting [8] - The bank has implemented inclusive finance strategies, reaching over 40,000 small and micro enterprises, with a focus on providing tailored financial solutions [9]