Core Viewpoint - Chengdu Bank has demonstrated robust growth in business scale, operating income, and net profit in 2024, achieving high-quality development while optimizing asset quality [2][4]. Financial Performance - Total assets reached 1.2501 trillion yuan, an increase of 158.87 billion yuan, or 14.56% year-on-year [3] - Total deposits amounted to 885.86 billion yuan, up by 105.44 billion yuan, or 13.51% [3] - Total loans stood at 742.57 billion yuan, increasing by 116.83 billion yuan, or 18.67% [3] - Operating income was 229.82 billion yuan, a year-on-year increase of 12.79 billion yuan, or 5.89% [3] - Net profit attributable to shareholders reached 128.58 billion yuan, up by 11.87 billion yuan, or 10.17% [3] - The non-performing loan ratio decreased to 0.66%, marking a nine-year decline [3][4]. Strategic Initiatives - Chengdu Bank is focusing on five key financial areas to enhance economic development, including technology finance, green finance, inclusive finance, pension finance, and digital finance [5][6]. - The bank has launched 18 technology finance products and has engaged with over 3,000 technology enterprises [6]. - Green credit balance reached 49.77 billion yuan, growing by 22.87% year-on-year, with significant contributions to low-carbon industries [6]. - Inclusive finance initiatives have reached over 40,000 small and micro enterprises, with loan growth exceeding the bank's average [7]. Regional Economic Integration - Chengdu Bank is deeply integrated into the regional economy, supporting major infrastructure projects with over 38 billion yuan in funding [8]. - The bank has aligned its services with national strategies such as the Belt and Road Initiative and the Chengdu-Chongqing Economic Circle [8]. Customer Base and Digital Transformation - The bank's retail customer base surpassed 10 million, with significant growth in personal loans and savings deposits [12]. - Digital transformation efforts have led to a substantial increase in mobile banking users, enhancing operational efficiency and customer experience [12]. Future Outlook - As of early 2025, total assets reached 1.335 trillion yuan, with continued growth in deposits and loans [13]. - The bank aims to strengthen its foundational financial services while enhancing its business model to adapt to evolving market conditions [13].

Core Viewpoint - Chengdu Bank's 2024 annual report highlights significant growth, with total assets exceeding 1.25 trillion yuan and a net profit increase of 10.17%, marking it as a key player in the financial sector of the Chengdu-Chongqing economic circle [1][8]. Group 1: Regional Economic Collaboration - Chengdu Bank is positioned as a "new engine" for regional finance, leading in new deposit and loan scales among financial institutions in Sichuan, and supporting major infrastructure and livelihood projects [2][3]. - The bank has actively engaged in financing significant projects, including a tailored asset-backed commercial paper for Huaxi Group, unlocking nearly 1 billion yuan in receivables [3]. - The bank's services extend to major infrastructure projects, ensuring comprehensive financial support for key industries and achieving 100% coverage of financial services for regional industrial chains [3][4]. Group 2: Retail Transformation - Chengdu Bank has shifted focus to retail banking, with personal deposits surpassing 400 billion yuan and leading in personal loan growth within the region [5]. - The bank's retail strategy emphasizes customer-centric services, including tailored offerings for elderly clients, resulting in a significant increase in service accessibility [5][6]. - The bank has developed a chain service system for corporate clients, enhancing financial management solutions and expanding its wealth management services [6]. Group 3: Financial Technology Development - Chengdu Bank is enhancing its digital capabilities through significant investments in technology, including upgrades to its bill business system and internet loan services [7]. - The bank's technology-driven approach has led to a high coverage rate of financial services for specialized small and medium enterprises, supporting their growth [7]. - The introduction of AI models for risk management has improved the bank's asset quality, with a decrease in non-performing loan rates and a high provision coverage ratio [7]. Group 4: Strategic Goals and Future Outlook - Chengdu Bank aims to build a partnership-based relationship with clients, focusing on long-term growth and alignment with regional development [8]. - The bank plans to deepen its engagement in the Chengdu-Chongqing economic circle, contributing to the prosperity of the regional financial ecosystem [8].

Core Viewpoint - Chengdu Bank has demonstrated strong growth and stability, achieving significant increases in both assets and profits, while also expanding its deposit and loan portfolios, positioning itself as a leading city commercial bank in the western region of China [1][2][7]. Financial Performance - As of the end of last year, Chengdu Bank's total assets reached 1,250.1 billion yuan, an increase of 158.9 billion yuan, representing a growth rate of 14.56% [2][4]. - The bank's total deposits amounted to 885.9 billion yuan, up by 105.4 billion yuan, with a growth rate of 13.51% [2]. - Total loans reached 742.6 billion yuan, increasing by 116.8 billion yuan, with a growth rate of 18.67% [2]. - The bank's net profit for the reporting period was 128.6 billion yuan, reflecting a year-on-year increase of 11.9 billion yuan, or 10.17% [7]. Business Strategy - Chengdu Bank focuses on a strategy of "stable deposits and efficient assets," emphasizing "refined, digital, and large retail" transformation [2]. - The bank has developed three main business areas: government finance, entity business, and retail liabilities, which serve as its competitive advantages [2]. Loan and Deposit Breakdown - Company deposits stood at 405.5 billion yuan, growing by 3.79%, while personal deposits reached 438.4 billion yuan, with a significant growth of 23.79% [3]. - The bank's loan structure is robust, with corporate loans at 602.6 billion yuan, growing by 20.25%, and personal loans at 138.7 billion yuan, increasing by 12.46% [4]. Investment and Innovation - Chengdu Bank has been active in investment banking, achieving record-high credit bond underwriting and launching several innovative financial products [5][6]. - The bank has successfully issued the first asset-backed debt financing tool without external guarantees, reducing local enterprises' financing costs [6]. Shareholder Confidence - Major shareholders, including Chengdu Jiaozi Financial Holding Group, have increased their stakes in the bank, reflecting confidence in its future growth [11][12]. - The bank's board proposed a cash dividend of 8.91 yuan per 10 shares, totaling 3.776 billion yuan, which is 30.04% of the net profit attributable to shareholders [7]. Future Outlook - Chengdu Bank aims to enhance its strategic support for key industries and social welfare while adhering to the principles outlined in the "Five Major Financial Actions" [8][9][12].