Core Viewpoint - The performance comparison between leading and lagging private banks in 2024 highlights a significant disparity, with leading banks achieving net profits exceeding 10 billion yuan, while lagging banks struggle to break even or even incur losses [1][2]. Group 1: Performance of Private Banks - Leading private banks have shown remarkable results over the past decade, with WeBank's "Weilidai" serving over 70 million customers and MYbank providing comprehensive financial services to over 68 million small and micro enterprises [1]. - In contrast, the asset scale of leading banks accounts for half of the total assets of 19 private banks, while lagging banks are experiencing a significant reduction in assets, with declines exceeding double digits [1][2]. Group 2: Development Models and Challenges - The disparity in performance is attributed to fundamental differences in development models, with leading banks leveraging technological advantages and internet ecosystems, while mid-tier banks focus on regional economic development [2]. - Lagging banks face three main challenges: a technology gap with leading banks, reliance on a single business model with low income from intermediary services, and capital constraints leading to pressure on capital adequacy ratios [2]. Group 3: Future Directions and Innovations - The next decade for private banks requires a shift from merely existing to excelling, with many institutions exploring innovative paths [3]. - Leading banks are already experimenting with new models, such as wealth management transformations and international expansion, while mid-tier and lagging banks are focusing on niche markets and enhancing customer acquisition capabilities [3]. - Regulatory approaches will also need to adapt to the unique characteristics of private banks, with differentiated supervision to guide industry development [3].

Core Viewpoint - SuShang Bank has achieved high-quality development in 2024 despite a narrowing net interest margin and homogeneous competition, with a focus on stability reflected in its financial performance [1][3]. Financial Performance - The bank reported revenue of 5.006 billion yuan and net profit after tax of 1.158 billion yuan, both growing over 10% year-on-year [1]. - Asset scale reached 137.5 billion yuan by the end of 2024, with a compound annual growth rate of 10.76% over the past three years [1]. Support for Private Enterprises - SuShang Bank has embedded support for private enterprises into its core operations, achieving a 219% increase in private loans by implementing a "Inclusive Micro Loan Combat Manual" [3][4]. - By the end of 2024, the bank's private enterprise loan balance reached 24.141 billion yuan, accounting for over 76% of corporate and operational loans, with nearly 60% being credit loans [7]. Digital Transformation - The bank has leveraged digital technology to maintain a cost-to-income ratio of around 22%, which is approximately 10 percentage points lower than the industry average in Jiangsu [13]. - SuShang Bank's total asset return on assets (ROA) was 0.91% and return on equity (ROE) was 15.71%, placing it among the top banks in Jiangsu [13]. Innovative Financial Products - The bank has developed chain products like "Procurement Loans" and "Supply Loans," supporting over 1,600 core enterprises and focusing on key industries such as digital 3C and biomedicine [6]. - By the end of 2024, the bank's inclusive micro-loan balance was 21.832 billion yuan, with a year-on-year growth of 13.01%, covering 31.23% of total loans [11]. Risk Management and Technology - The bank has transformed its risk management system using advanced technology, processing over 300,000 loan applications daily with millisecond-level decision outputs [17]. - The non-performing loan rate was 1.18% in 2024, with a provision coverage ratio of 214.02%, exceeding regulatory requirements [17].