Chongqing Rural Commercial Bank(601077)2024-12-11 07:42Group 1: Investor Relations and Dividend Plans - Chongqing Rural Commercial Bank plans to distribute a cash dividend of RMB 1.944 per 10 shares (including tax) for the 2024 interim dividend, with a payout ratio of 30% [4] - Since its listing in 2019, the bank has distributed over RMB 14.4 billion in cash dividends, maintaining a payout ratio above 30% for four consecutive years [4] Group 2: Financial Performance and Credit Strategy - The bank aims to maintain a reasonable net interest margin and stable asset quality, with a focus on supporting high-quality economic development [4] - The bank's corporate loan non-performing loan (NPL) generation rate has decreased year-on-year, indicating improved asset quality [4] - As of June 2024, the bank's inclusive small and micro enterprise loans exceeded 200,000 accounts, with a balance of RMB 136.8 billion, leading the city in both incremental and outstanding loans [5] Group 3: Competitive Positioning - The bank's competitive advantage lies in its strong retail deposit base, maintaining the highest market share in Chongqing, while large banks dominate corporate deposits [5] - The bank focuses on digital transformation to enhance service delivery and product offerings, aiming to deepen its market penetration in rural and county areas [5] - The bank's strategy includes leveraging its extensive network of over 1,700 branches to provide tailored financial services to small and micro enterprises [5]