Core Viewpoint - Ningbo Bank is leveraging financial technology innovations to address the diverse financial needs of urban merchants and small businesses, enhancing their operational efficiency and supporting their digital transformation [2][4][6]. Group 1: Financial Technology Innovations - Ningbo Bank has developed the "Ningxing Cloud," the first cloud brand among domestic city commercial banks, utilizing cloud computing and distributed technology to provide professional and digital financial solutions [2][4]. - The "Ningxing Cloud" offers seven core products that cover the entire business management process, including comprehensive financial services such as fund management, foreign exchange, invoicing, payment, and payroll [4][5]. - The platform supports various service outputs, including standardized, customized, and private solutions, tailored to meet the specific needs of enterprises [4][5]. Group 2: Security and Efficiency - The two key features of "Ningxing Cloud" are efficiency and security, allowing businesses to access a full range of services with a single application, significantly improving operational efficiency [4][5]. - The platform is built with high-level security measures, ensuring that the data center meets the highest standards for network, server, operating system, and application system security [4][6]. Group 3: Comprehensive Product Matrix - Ningbo Bank has upgraded multiple core products since the launch of "Ningxing Cloud," creating a comprehensive digital service system that includes fund management, treasury services, human resources, and cross-border finance [5][6]. - The "Digital Human 3.0" system provides a comprehensive personnel management solution, enabling real-time monitoring of labor costs and efficiency for business owners [5]. - The "Treasury Service 2.0" has been enhanced to include a "6 Full" service system, covering all aspects of consulting, business, risk management, overseas connections, system openness, and user support [5][6]. Group 4: Cross-Border Financial Services - The "Foreign Exchange Manager" platform integrates over 200 functions to provide comprehensive services for more than 50,000 cross-border trade and investment enterprises, facilitating settlement, financing, and risk management [6]. - The mobile "Foreign Exchange Manager" app allows businesses to manage foreign exchange operations anytime and anywhere, marking a significant step in the digital transformation of cross-border enterprises [6]. Group 5: Future Outlook - Ningbo Bank aims to deepen its technological empowerment and connect more enterprises through cloud interactions, driving value creation and supporting the high-quality development of the real economy [6].

Core Insights - Ningbo Bank has reported a data resource entry amount of 6 million yuan in its 2024 annual report, marking it as the second bank in China to implement data asset accounting after CITIC Bank [1][2] - The bank achieved an operating income of 66.631 billion yuan in 2024, a year-on-year increase of 8.19%, and a net profit attributable to shareholders of 27.127 billion yuan, up 6.23% year-on-year [1] - By the end of 2024, Ningbo Bank's total assets reached 31.252 trillion yuan, a growth of 15.25% compared to the previous year, officially entering the "30 trillion club" [1] Financial Performance - The total loans and advances amounted to 14.76063 trillion yuan, reflecting a year-on-year growth of 17.83%, while total deposits reached 18.36345 trillion yuan, up 17.24% year-on-year [1] - The non-performing loan ratio stood at 0.76%, indicating a stable performance in asset quality [1] Interest Margins - The net interest margin for 2024 was 1.86%, a decrease of 2 basis points year-on-year, while the net profit margin was 1.91%, down 10 basis points year-on-year [2] - The decline in net interest margin was attributed to effective credit demand shortages, falling market interest rates, and adjustments in existing mortgage rates [2] Digital Transformation - The annual report emphasized the importance of digitalization, mentioning upgrades to systems like Kunpeng Treasury and Financial Management solutions, which aim to enhance operational efficiency and customer service [2] - In July 2023, Ningbo Bank launched its fintech brand "Ningxing Cloud," offering various financial services including fund management and foreign exchange [2] Data Asset Financing - Despite limited details on data resources in the annual report, Ningbo Bank has engaged in data asset financing, indicating a deeper involvement in data elements than presented [3] - In October 2023, a company in Deqing County secured a 10 million yuan loan from Ningbo Bank by pledging its autonomous driving simulation data as collateral [3]