Core Viewpoint - The article highlights the evolution and transformation of Tianfu Bank over the past two decades, emphasizing its role as a key financial institution in the Sichuan region and its challenges in maintaining growth and profitability amidst changing market conditions [1][10]. Group 1: Historical Development - Tianfu Bank originated from the merger of ten urban credit cooperatives in December 2001, with a registered capital of only 100.7 million yuan, establishing a market-oriented and international standard reform approach [2]. - Over the years, the bank has achieved significant milestones, including the establishment of the first rural bank in China and a comprehensive governance structure, leading to a 100-fold increase in assets and profits by its tenth anniversary in 2011 [3]. - As of now, Tianfu Bank has expanded its network to 11 branches and 122 outlets, with total assets reaching 270 billion yuan, making it a vital financial player in the local economy [4]. Group 2: Recent Challenges - Despite its growth, Tianfu Bank has faced a decline in performance since its rebranding in 2017, with main business revenue dropping from 4.653 billion yuan in 2017 to 2.46 billion yuan in 2023, a decrease of 77.1% [5]. - The bank's net profit also fell significantly during this period, from 1.841 billion yuan to 426 million yuan, with a peak decline of 82.55% [5]. - In 2024, the bank's total assets reached 259.968 billion yuan, a 6.8% increase from the previous year, but its main business revenue continued to decline by 2.48% [6]. Group 3: Strategic Adjustments - In response to ongoing operational pressures, the bank underwent a management restructuring in March 2023, appointing a new chairman with extensive industry experience to lead its transformation efforts [8]. - The bank is focusing on enhancing its inclusive finance services and supporting technology-driven enterprises, launching new digital services and financing models to better serve local businesses [8]. - A significant capital increase of 5 billion yuan was completed in 2024, with state-owned enterprises becoming the majority shareholders, which is expected to improve the bank's capital adequacy and support its long-term development [9]. Group 4: Future Outlook - The bank's credit rating remains stable at AA+, reflecting its importance in the regional financial system and the positive impact of government support [10]. - As Tianfu Bank continues to adapt to market challenges, its commitment to local economic development and support for small and medium-sized enterprises positions it for potential growth and stability in the future [10].