Changshu Bank(601128)2024-06-13 07:35Group 1: Financial Performance - The bank's revenue and net profit attributable to shareholders showed significant growth in Q1 2024, driven by five key factors: deposit growth of 14.35% and loan growth of 5.76% as of March 2024 [3] - The bank aims for a revenue growth of around 10% and a net profit growth of 18% for the full year of 2024 [3] Group 2: Interest Margin and Cost Control - The decline in net interest margin in 2023 was primarily due to competition and insufficient credit demand, alongside adjustments in mortgage rates [3] - The bank plans to maintain a stable interest margin in 2024 by optimizing loan structures and controlling deposit costs [3] Group 3: Asset Quality and Risk Management - As of March 2024, the bank reported a non-performing loan ratio of 0.76% and a provision coverage ratio of 539.18%, indicating strong asset quality [3] - The bank will continue to enhance its risk management system to maintain stable levels of non-performing loans and provision coverage [3] Group 4: Investor Relations Activities - The bank conducted multiple investor relations activities, including 13 institutions participating in a conference call on May 7, 2024, with a total of 17 participants [1] - A total of 30 institutions were involved in a follow-up call on the same day, indicating strong interest from investors [1]