BANK OF QINGDAO(SZ:002948)2025-04-09 11:04Group 1: Financial Performance - Total assets of Qingdao Bank reached approximately 690 billion RMB, with a year-on-year growth of 13.5% [3] - Total loans exceeded 340 billion RMB, growing by 13.5% [3] - Operating income was 13.5 billion RMB, an increase of 8.2% year-on-year [3] - Net profit attributable to shareholders was 4.3 billion RMB, up 20.2% compared to the previous year [3] - Net interest margin was 1.73%, with a slight decrease of 0.10 percentage points [14] Group 2: Customer Base and Structure Optimization - Total corporate clients reached 275,000, growing by 12.18% [4] - Retail customers with debit cards numbered 6.01 million, an increase of 6.05% [4] - High-end retail clients with financial assets over 200,000 RMB reached 427,000, growing by 9.51% [4] - The average interest rate on deposits was 2.08%, down 0.15 percentage points year-on-year [4] Group 3: Asset Quality - Non-performing loan ratio was 1.14%, a decrease of 0.04 percentage points, marking seven consecutive years of decline [5] - Provision coverage ratio improved to 241.32%, an increase of 15.36 percentage points from the previous year [6] Group 4: Strategic Development and Market Position - Qingdao Bank's corporate deposits reached 212.2 billion RMB, growing by 7.6% [6] - The bank's average cost of corporate deposits was 1.71%, down 0.16 percentage points [6] - The bank's debt financing tool issuance reached 98.2 billion RMB, with an underwriting amount of 48.1 billion RMB, increasing by 59.8% [17] Group 5: Future Outlook and Strategic Focus - The bank aims to enhance its professional capabilities, focusing on high-quality development and strategic planning for 2025 [11] - Emphasis on risk management and asset quality improvement, particularly in credit card and small business loans [19] - Plans to leverage artificial intelligence for operational efficiency and customer service enhancement [22]