Core Viewpoint - Zhengzhou Bank achieved growth in assets, deposits, loans, and profits in 2024, driven by steady credit business, improved operational performance, and deepening business transformation [1] Business Development - The bank optimized its business structure, with personal deposits reaching CNY 218.18 billion, accounting for 53.93% of total deposits, an increase of nearly 16 percentage points from 2021 [2] - Loan issuance totaled CNY 387.69 billion, a growth of 7.51% year-on-year, surpassing the average growth rate of provincial peers [2] - The bank's human resources efficiency improved, with per capita deposits at CNY 6.5 million and average deposits per branch at CNY 222.3 million [2] Financial Performance and Risk Control - Zhengzhou Bank reported operating income of CNY 12.88 billion and total profit of CNY 1.79 billion in 2024, marking a 2.69% increase in total profit, the first positive growth in three years [3] - The bank's net profit attributable to shareholders was CNY 1.88 billion, up 1.39% year-on-year, with a cash dividend proposal of CNY 0.20 per share [3] - Total assets reached CNY 676.37 billion, a 7.24% increase, with a non-performing loan ratio of 1.79% and a provision coverage ratio of 182.99% [4] Strategic Transformation - The bank focused on policy-driven innovation, with science and technology loans reaching CNY 48.27 billion, a growth of 44.50%, and green finance loans at CNY 9.15 billion, growing by 123.73% [5] - Zhengzhou Bank emphasized serving local economies and small enterprises, successfully supporting 6,586 small businesses and facilitating financing for 40 real estate projects [6] Digital Transformation - In December 2024, the bank launched a digital transformation initiative, aiming to enhance customer experience and operational efficiency through technology [7] - Strategic partnerships were established with Huawei and Zhenghao Credit Service to drive digital innovation in banking services [7]

Core Viewpoint - Zhengzhou Bank has successfully reversed its negative profit trend over the past three years, achieving a net profit growth in 2024, supported by steady credit business expansion and ongoing business transformation [1][2]. Group 1: Financial Performance - In 2024, Zhengzhou Bank reported a net profit of 1.876 billion yuan, marking a year-on-year increase of 1.39%, thus reversing the negative profit trend of the previous three years [2]. - The total deposits of Zhengzhou Bank exceeded 400 billion yuan for the first time, with a net increase of 43.577 billion yuan in deposits, surpassing the total increase of the previous two years [3]. - The bank's total assets reached 676.365 billion yuan, growing by 7.24% year-on-year, while the loan and advance total amounted to 387.690 billion yuan, reflecting a growth of 7.51% [4]. Group 2: Deposit and Loan Growth - Zhengzhou Bank's deposit growth rate was 12.07%, which is 3.26 percentage points higher than the average growth rate of financial institutions in the province [3][4]. - The bank's personal deposit balance reached 218.179 billion yuan, accounting for approximately 54% of total deposits, indicating a successful retail strategy transformation [2]. Group 3: Risk Management and Asset Quality - The non-performing loan ratio of Zhengzhou Bank was 1.79%, a decrease of 0.08 percentage points from the beginning of the year, while the provision coverage ratio stood at 182.99%, indicating enhanced risk resistance capabilities [5]. - The bank's liquidity improved through the sale of 15 billion yuan in credit assets, which also contributed to reducing asset losses [5]. Group 4: Strategic Initiatives - Zhengzhou Bank has implemented a "three services" strategy focusing on serving local economies, small and medium-sized enterprises, and urban and rural residents [5]. - The bank has launched various financial products tailored for technology enterprises, including "R&D loans" and "investment-loan linkage" business models, to support innovation and development in the technology sector [6]. - Strategic partnerships with Huawei and Zhenghao Credit Service have been established to enhance digital transformation and innovation in financial services [6].