Bank of RuiFeng(SH:601528)2024-07-02 08:28Group 1: Investor Relations Activities - The bank held multiple investor relations activities, including broker strategy meetings and specific object research sessions, on June 19, 2024, with various financial institutions participating [1][2][3][4][5] - Notable participants included Everbright Securities, Minsheng Securities, and Huatai Securities Asset Management [1][2][3][4][5] Group 2: Financial Performance Insights - The bank's net interest margin has been declining since 2023 due to market competition and lower loan pricing, with a significant drop in the re-pricing rates of existing loans [3] - The bank's deposit growth has outpaced loan growth, leading to an increased proportion of financial assets in total assets, which has diluted net interest income [3] Group 3: Future Strategies - The bank plans to enhance interest margin control by adjusting the structure of assets and liabilities, optimizing pricing management, and improving liquidity management [4] - In 2024, the bank aims to focus on high-quality development, supporting rural revitalization and advanced manufacturing sectors, while also enhancing financial services in key areas such as technology innovation and green finance [4] Group 4: Recent Developments - In June 2024, the bank acquired 2,693.2478 million shares of Cangnan Rural Commercial Bank, increasing its stake to 7.58%, making it a major shareholder [5] - The bank's investment decisions are based on the profitability, asset quality, and pricing of potential investment targets, following a rigorous decision-making process [5]