Core Points - Jinshang Bank reported a net profit of 1.75 billion yuan for 2024, marking a 12.6% decrease year-on-year, the first decline since its listing [1][2] - The bank's total operating income for 2024 was 5.791 billion yuan, down 0.2% from the previous year, indicating a reversal from previous growth trends [1][2] - The bank's non-performing loan (NPL) ratio stood at 1.77% at the end of 2024, remaining stable year-on-year, but the NPL rate in the manufacturing sector surged from 0.75% to 2.83% [1][4] Financial Performance - Jinshang Bank's pre-provision profit for 2024 was 3.521 billion yuan, an increase of 0.55 billion yuan year-on-year [2] - The bank's credit impairment losses for 2024 were 1.675 billion yuan, up 243 million yuan from the previous year, contributing to the decline in net profit [2] - The average return on total assets and average return on equity for 2024 were 0.47% and 6.88%, respectively, both showing a decline compared to the previous year [3] Asset Quality - The total amount of loans and advances issued by Jinshang Bank reached 201.414 billion yuan at the end of 2024, with corporate loans growing by 5.8% and personal loans by 7.7% year-on-year [4] - The bank's focus on non-performing loans revealed a significant increase in the manufacturing sector, with the NPL balance rising from 328 million yuan to 1.128 billion yuan [4] - The bank's provision coverage ratio was 205.46% at the end of 2024, reflecting a strong risk resistance capability [5] Governance Changes - Jinshang Bank announced significant changes to its board of directors, including the nomination of new non-executive and independent directors [5][6] - The bank plans to enhance its financial management and internal compliance controls as part of its governance strategy [6] - The decision to abolish the supervisory board aims to streamline decision-making processes and improve governance efficiency [6]
晋商银行净利润上市以来首降 不良贷款集中存隐忧