JRCB(SZ:002807)2025-07-08 09:38Group 1: Economic Growth and Industry Structure - Jiangyin's economy has maintained strong growth, with GDP expected to exceed 510 billion yuan in 2024, and the industrial sector accounting for over 50% of the economy, ranking among the top county economies in China [2][3] - The industrial structure is continuously optimizing, with traditional industries upgrading towards high value-added sectors and emerging industries like high-end equipment, new materials, and biomedicine rapidly rising [2][3] - The government is focusing on building a "345" modern industrial system, consolidating three pillar industries, targeting four emerging industries, and planning for five future industries [2][3] Group 2: Future Lending Focus - Jiangyin Rural Commercial Bank's future lending will focus on two main areas: supporting traditional enterprises' intelligent transformation and resource allocation for "specialized, refined, unique, and innovative" small and micro enterprises, as well as rural revitalization projects [3] - Emphasis will be placed on financing support for green technology applications and innovative enterprises, integrating deeply into regional economic transformation [3] Group 3: Interest Margin Trends - In Q1 2025, the net interest margin narrowed due to declining asset yields influenced by overall market interest rate reductions and increased competition affecting loan pricing [3] - The bank is actively optimizing its deposit structure to increase the proportion of low-cost deposits and control high-cost deposit growth, which helps mitigate the pressure from declining asset yields [3] - Although facing short-term pressure on net interest margins, the bank expects a gradual stabilization throughout the year due to ongoing improvements in the liability side and asset structure optimization [3]