为增强零售信贷数据的可读性，充分发挥数据价值，总行零售信贷部、数据管理部携手兴业数金，依托 数据中台生态能力，于今年3月顺利上线零售信贷业务数据可视化服务。 "在以前，用数一般需要研发人员进行传统的数据开发、指标加工、报表开发等工作，交付周期较长。 现在，我们业务人员可以直接使用拖拉拽式自定义开发功能，使用过程中能够全视角感受到数据对业务 的影响，让数据不再游离于业务场景之外。通过随时随地结合应用场景使用，极大提高了效率和自动化 水平，让我们更专注于业务数据本身，而不是技术可行性。"业务人员表示。 原先，大量的业务数据分散在各个业务系统，导致原始数据难以进行整合加工，并且数据时效性较低， 业务人员无法及时获取有效数据，快速高效地从数据中挖掘价值。为持续提升数据服务效能，总行零售 信贷部与数据管理部、兴业数金正式组建"零售信贷实时数据分析可视化建设"专项工作小组，通过聚焦 前沿技术应用，引入流式计算与动态可视化技术，着力突破传统数据服务的时效性瓶颈，生动展现零售 信贷集中作业实时动态情况，为后续业务决策提供更精准的实时数据支撑。 截至目前，零售信贷数据可视化服务已累计建设近千个维度指标，累计访问量达近20万人次 ...

Core Insights - The market size of China's retail credit intelligent risk control solutions is projected to reach 6.541 billion yuan in 2024, representing a year-on-year growth of 20.1% [1] Company Insights - Ant Group's Ant Financial Technology holds the largest market share in this sector, accounting for 15.7% [1]

2025 年 05 月 05 日 招商银行(600036.SH) 一波三折—招商银行 2025 年一季报点评 事件：招商银行公布 2025 年一季报，营收同比增长-3.09%，拨 备前利润同比增长-4%，归母净利润同比增长-2.08%，各项业绩指 标增速较 2024 年报均略有下行，与 2024 年一季报情景较为类 似，我们点评如下： 招商银行 2025 年一季度业绩增长主要依靠规模扩张所驱动，而 净息差同比收窄、非息收入增长放缓则对利润增长形成拖累。 规模扩张速度与去年四季度大致相当。今年一季度，招商银行 生息资产（日均余额口径）同比增长 8.7%，较 2024Q4 增速基本 持平，仍处于去年初以来较快增长阶段，其中信贷增速基本平稳， 信贷扩张节奏仍偏低，而金融投资增速较 2024Q4 提升约 2 个百 分点，同业类资产增速略有放缓。从单季度新增生息资产规模（日 均余额口径）来看，今年 Q1 新增生息资产 1766 亿元，同比多增 84 亿元，其中新增信贷同比多增 62 亿元，而新增金融投资同比 多增 595 亿元。资产配置结构显示，当前有效信贷需求不足是资 产投放的核心矛盾。 进一步观察信贷结构，我们以招 ...

Core Viewpoint - The company is facing significant delays in financial reporting and stock resumption due to ongoing audits and governance restructuring following issues with related party transactions and previous auditors [1][9][10]. Group 1: Financial Reporting and Auditing - The company has appointed Ernst & Young as the new auditor, but the approval from the shareholders' special meeting is required before the audit of financial statements for 2022 to 2025 can commence [9][10]. - The financial report disclosures will continue to be delayed, making the possibility of stock resumption in the short term extremely unlikely [1][10]. - The company has acknowledged accounting violations related to related party transactions, leading to distorted financial data for 2022 and 2023 [5]. Group 2: Governance and Management Changes - The company has decided to optimize its governance structure by clearly delineating the roles of the CEO and Chairman, appointing Ye Dichi as the new independent non-executive Chairman [6][8]. - The previous CEO and CFO have been held responsible for the related party transaction issues, leading to their departure from the company [5][6]. - A temporary special committee has been established to enhance internal controls, consisting of four independent non-executive directors [8]. Group 3: Business Performance and Growth Potential - The company has reported a decline in total outstanding loans, with a 31.2% year-on-year decrease to 216.9 billion yuan by the end of 2024 [11]. - Despite the overall decline in loans, the consumer finance segment has shown growth potential, with a 34.9% year-on-year increase in loan balance to 50.1 billion yuan in 2024 [11]. - New loan origination has improved, with a 47.6% year-on-year increase in the fourth quarter of 2024, driven significantly by the consumer finance sector [12]. Group 4: Asset Quality - The company has seen improvements in overdue rates for total loans and unsecured loans, with a 30-day overdue rate of 4.5% as of the first quarter of 2025 [14]. - However, the overdue rate for secured loans has continued to rise, indicating ongoing challenges in asset quality [14].