Core Viewpoint - Zhongyuan Bank aims to become a leading city commercial bank and a financial leader in Henan province, reaffirming its strategic goals in its latest annual report [1] Financial Performance - In 2024, Zhongyuan Bank reported revenue of 25.955 billion yuan, a year-on-year decrease of 0.9%; net profit was 3.47 billion yuan, an increase of 8.2%; and attributable net profit was approximately 3.45 billion yuan, with a growth rate of 7% [1] - Interest income decreased, with net interest income at 21.543 billion yuan, down by 720 million yuan, a decline of 3.2% [2] - Total assets reached 1.365 trillion yuan, an increase of 18.751 billion yuan, or 1.4%, while total liabilities amounted to 1.26 trillion yuan [2] Loan and Asset Quality - Loans and advances accounted for 51.1% of total assets, with a total loan amount of 719.653 billion yuan, reflecting a growth of 1.1% [2] - The non-performing loan (NPL) ratio was 2.02%, a decrease of 0.02 percentage points year-on-year, with high NPL rates in the accommodation and catering industry (6.09%), real estate (4.42%), and agriculture (5.71%) [5] - The total overdue loans amounted to approximately 29.251 billion yuan, with an overdue loan ratio of about 4.09%, an increase of 0.11 percentage points [6] Strategic Initiatives - Zhongyuan Bank is focusing on developing a policy-driven technology finance model, establishing 13 specialized teams and 7 technology branches, with significant growth in products like "Technology Loan" and "Specialized and Innovative Loan" [3] - The bank's green credit balance reached 41.759 billion yuan, an increase of 8.068 billion yuan, and it has provided financial services to over 13,000 technology enterprises [4] Dividend and Compensation - The bank announced a dividend of 0.12 yuan per share for the 2024 fiscal year, totaling approximately 439 million yuan, marking its first dividend distribution since 2020 [7][8] - Employee costs increased to 353,600 yuan per employee, a rise of 7.12% from the previous year, while total operating expenses decreased by 4.12 billion yuan [10][11] Shareholder Structure - Zhongyuan Bank has 11 equity stakes up for auction due to loan defaults, totaling approximately 1.106 billion shares, or 3.03% of total equity [13] - The largest shareholder is Henan Investment Group with a 6.69% stake, followed by the Luoyang Municipal Finance Bureau at 3.73% [14][15]