Core Viewpoint - The recent approval of Jiang Lei as the vice president of Yantai Bank marks a significant step in the bank's management restructuring, indicating a new phase in its leadership dynamics [1][5]. Group 1: Management Changes - Yantai Bank has undergone notable personnel adjustments in recent years, including the appointment of Zeng Yong as chairman and Wang Jianchun as president, reflecting a shift in leadership roles [3]. - The local government plays a crucial role in personnel decisions, with both the chairman and president positions nominated by the Yantai municipal government [3]. - Jiang Lei's appointment follows a series of high-level changes, including the exit of former president Wang Guang and the introduction of new management team members [3][5]. Group 2: Capital Strength and Growth - Yantai Bank's registered capital increased significantly from 2.65 billion to 4.62 billion yuan, a growth of 74.42%, primarily through a targeted issuance to 16 state-owned enterprises [3]. - The bank's corporate deposits reached 47.09 billion yuan by the end of 2024, a substantial increase of 25.14% year-on-year, contrasting with a negative growth of 3.74% in 2023 [3]. - The bank has signed strategic agreements with local governments to enhance fiscal and institutional account openings, leading to improved fund management and deposit growth [4]. Group 3: Financial Performance - Yantai Bank reported a revenue of 2.806 billion yuan in 2024, a year-on-year increase of 36.48%, with a net profit of 368 million yuan, up 11.62% [4]. - In the first half of 2025, the bank continued its positive trend with revenues of 1.664 billion yuan, a 17.41% increase, and a net profit of 294 million yuan, growing by 4.04% [4]. - As of June 2025, the bank's total assets reached 163.37 billion yuan, with total liabilities of 148.60 billion yuan, maintaining a healthy capital adequacy ratio of 16.32% [4].