Core Viewpoint - Lucheng Bank has reported significant declines in revenue and net profit for 2024, marking a departure from its previous three years of growth, with a new chairman appointed amid these challenges [2][3][8]. Financial Performance - Lucheng Bank's operating income for 2024 was 221 million yuan, a decrease of 12.14% year-on-year [3]. - The net profit attributable to shareholders fell to 40.36 million yuan, down 40.65% from the previous year, representing a reduction of approximately 27.65 million yuan [3]. - The bank's interest income, which constitutes over 90% of its revenue, decreased by 10.04% to 211 million yuan [3]. - The bank's gross profit margin dropped from 0.76% to 0.42% [2]. - The weighted average return on equity fell to 4.91% from 8.54% [2]. Management Changes - The chairman of Lucheng Bank, Yang Maojie, resigned due to a job transfer, and was succeeded by Gong Fanglei, who has experience in various banking roles [8][9]. - The change in leadership comes at a critical time as the bank faces declining performance and stock price challenges [8]. Historical Context - Lucheng Bank had shown consistent growth from 2021 to 2023, with operating revenues increasing from 217 million yuan in 2021 to 252 million yuan in 2023 [4]. - The bank's net profit had also grown during this period, reaching 68.01 million yuan in 2023 [4]. Challenges and Future Outlook - The bank's non-performing loan ratio increased to 1.73%, up 0.68 percentage points from the previous year, indicating deteriorating asset quality [9]. - The new chairman is expected to focus on optimizing the business structure and enhancing middle-income sources while reducing operational costs [9]. - Recommendations for future strategies include leveraging digital tools for better risk assessment and expanding agricultural loan services [10].