Core Viewpoint - Suzhou Bank demonstrates notable operational highlights amidst economic adjustments, driven by a customer-centric integrated business strategy that emphasizes long-term value and collaboration [1] Group 1: Business Strategy and Focus Areas - Suzhou Bank adheres to a customer-centric integrated business strategy, deeply rooted in the local area, and focuses on sectors such as technology finance, green finance, inclusive finance, pension finance, and digital finance [2] - The bank aims to support the local economy and enterprises through its "Five Major Articles" initiative, enhancing its service to manufacturing, technology innovation, and green finance sectors [2] - As of the end of 2024, Suzhou Bank has partnered with over 12,000 technology innovation enterprises, with a total credit amount exceeding 120 billion yuan; green loan balance reached 41.23 billion yuan, reflecting a net increase of 11.05 billion yuan, a growth rate of 36.62% [2] Group 2: Financial Services for Small and Micro Enterprises - The bank continues to improve its financial service system for small and micro enterprises, with loans to these enterprises reaching a balance of 67.49 billion yuan, an increase of 8.17 billion yuan year-on-year, and an average interest rate of 3.77% [3] - Suzhou Bank emphasizes digital transformation to enhance asset quality, implementing advanced risk control systems and big data monitoring [3] - The non-performing loan ratio stands at 0.83%, the lowest since its listing, achieving a six-year decline since 2018 [3] Group 3: Retail Banking and Pension Services - Suzhou Bank has launched the "Suxin Retail" brand, focusing on "people's finance" and integrating wealth management and daily life services [4] - The "Suxin Retail" brand includes sub-brands such as "Suxin Wealth," "Suxin Life," "Suxin Health," and "Suxin Loan," with "Suxin Health" being a key component of its pension finance strategy [5] - The bank has issued over 4.7 million social security cards and nearly 350,000 senior citizen cards, serving 4.5 million pension clients and 2.8 million senior citizen clients annually [5] Group 4: Integrated Operations and Financial Performance - Suzhou Bank's integrated operations are gaining momentum, with the establishment of a comprehensive operational framework and the successful opening of its Xuzhou branch [6] - In 2024, the bank achieved a net profit of 5.068 billion yuan, an increase of 468 million yuan year-on-year, representing a growth rate of 10.16%; basic earnings per share reached 1.31 yuan, up 0.09 yuan year-on-year, a growth rate of 7.38% [6] - The weighted average return on equity remains stable at 11.68%, indicating strong financial health [6]

Core Viewpoint - Suzhou Bank successfully held the 2025 Wealth Festival and celebrated its 15th anniversary, emphasizing its mission of "serving the people" and the brand image of "heartfelt wealth management" [1][3] Group 1: Event Highlights - The event was attended by leaders from various financial institutions and over 300 representatives from business associations and VIP clients [1] - The bank's president and vice president participated in the event, showcasing the institution's commitment to local economic development [1][3] Group 2: Strategic Goals and Vision - The Suzhou Municipal Financial Office emphasized the importance of strengthening wealth management institutions and fostering collaboration among financial entities to enhance the competitiveness of China's financial system [3] - Suzhou Bank aims to continue its mission of safeguarding residents' wealth and providing high-quality wealth management services, aligning with its core values of stability, professionalism, and innovation [4][6] Group 3: Financial Performance and Growth - As of the end of Q1 2025, Suzhou Bank's total assets exceeded 720 billion yuan, a 15-fold increase since its establishment, with personal financial assets surpassing 383.6 billion yuan and personal wealth management scale nearing 120 billion yuan [5] - The Su Xin Fund, established one year ago, has a management scale of nearly 16 billion yuan and aims to be a protector of client interests and a pioneer in industry reforms [5] Group 4: Future Outlook - The bank plans to enhance its "Su Xin Wealth" brand and continue developing a comprehensive service system that caters to clients throughout their financial lifecycle [4][6] - The event featured a macroeconomic outlook presentation and discussions on future plans for the Su Xin Fund, reinforcing the bank's commitment to long-term client relationships and responsible financial management [5]

Core Viewpoint - Suzhou Bank has demonstrated strong operational performance and growth, maintaining a customer-centric integrated business strategy while focusing on regional economic development and innovation-driven financial services [1][3][11]. Group 1: Financial Performance - As of the end of 2024, Suzhou Bank's total assets reached 693.71 billion yuan, an increase of 91.87 billion yuan, or 15.27% year-on-year [3]. - The bank's total deposits amounted to 416.97 billion yuan, up by 53.14 billion yuan, reflecting a growth rate of 14.61% [3]. - Total loans stood at 333.36 billion yuan, with an increase of 39.96 billion yuan, marking a growth of 13.62% [3]. - For 2024, the bank achieved an operating income of 12.22 billion yuan, a year-on-year increase of 3.58 billion yuan, or 3.01% [3]. - Net profit reached 5.27 billion yuan, up by 4.76 billion yuan, representing a growth of 9.92% [3]. - By the first quarter of 2025, total assets surpassed 700 billion yuan, reaching 727.15 billion yuan, with a year-to-date increase of 33.44 billion yuan, or 4.82% [4]. Group 2: Risk Management - Suzhou Bank has established a comprehensive risk management system, achieving a non-performing loan ratio of 0.83% by the end of 2024, the lowest since its listing [7][10]. - The bank's provision coverage ratio was 483.50%, indicating strong risk mitigation capabilities [7]. - Core Tier 1 capital adequacy ratio stood at 9.77%, with total capital adequacy at 14.87%, all meeting regulatory requirements [7]. Group 3: Business Strategy - The bank's integrated business strategy focuses on "Technology + Cross-border" and "Livelihood + Wealth," enhancing support for the real economy and increasing service efficiency [1][11]. - In the technology finance sector, Suzhou Bank has developed a range of products tailored for innovative enterprises, with over 12,000 cooperative clients and a total credit amount exceeding 120 billion yuan [12]. - The retail banking segment has introduced the "Su Xin Retail" brand, focusing on pension finance and wealth management, with significant outreach in social security card issuance [13]. Group 4: Market Position and Shareholder Returns - Suzhou Bank has maintained a cash dividend payout ratio exceeding 30% for five consecutive years, with a proposed cash dividend of 2.00 yuan per 10 shares for 2024 [5]. - The bank's commitment to shareholder returns is reflected in its robust profit distribution plan, with a total cash dividend of 1.647 billion yuan for the year [5].