SHENGJING BANK CO., LTD.* 盛京銀行股份有限公司* （於中華人民共和國註冊成立的股份有限公司） （股份代號：02066） 2024年度股東大會通告 香港交易及結算所有限公司及香港聯合交易所有限公司對本通告內容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就本通告全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損 失 承 擔 任 何 責 任。 茲通告 盛 京 銀 行 股 份 有 限 公 司（「本 行」）2024年 度 股 東 大 會（「大 會」）謹 定 於2025年6月13日（星 期 五）上 午9時30分假座中國遼寧省瀋陽市瀋河區北 站 路109號6樓604室 舉 行，以 審 議 並 酌 情 通 過 下 列 決 議 案： 普通決議案 – 1 – 1. 2024年 度 董 事 會 工 作 報 告； 2. 2024年 度 監 事 會 工 作 報 告； 3. 2024年度財務決算及2025年 度 財 務 預 算 報 告； 4. 2024年 度 利 潤 分 配 方 案； 5. 聘 任2025年 度 審 計 師； 6. ...

出品 | 搜狐财经 作者 | 冯紫彤 从股权到人事，从资产质量到业务结构，摆脱"恒大系"身份两年后，历史包袱沉重的盛京银行仍在艰难转型。 2024年，盛京银行实现营收85.77亿元，同比下降14.57%；实现归母净利润6.21亿元，同比下降15.21%。这是盛京银行5年来第四次出现营收、利润双降的情 况。但好消息是，同比降幅有了明显收窄。 在年报中，盛京银行明确提出其战略目标为 "一稳一提两增"，即稳增长、提质量、增效益、增效率。 效益难增：净息差仅0.8%，生息资产扩张难 在当前市场利率下行的背景下，上市银行利差空间被压缩导致利息净收入大幅下滑从而牵连营业收入的现象并不鲜见，不少大行也难逃息差焦虑和营收困 局。 但盛京银行的情况又有些不一样，体现在其息差水平实在太低了。 据国家金融监督管理总局最新数据，2024年第四季度，商业银行净息差为1.52%，环比下降0.01个百分点；其中城商行第四季度的净息差为1.38%，环比下降 0.05个百分点。 但盛京银行年报数据显示，2024年，其净息差仅0.8%，同比上年度下行16基点。目前，A股、H股共有50余家银行披露了2024年度净息差水平，低于1%的 仅盛京银行一 ...

2024 年度報告 目錄 | 1. | 公司基本情況 | 2 | | --- | --- | --- | | 2. | 財務摘要 | 4 | | 3. | 董事長致辭 | 7 | | 4. | 榮譽與獎項 | 9 | | 5. | 管理層討論和分析 | 11 | | 5.1 | 總體經營情況 | 11 | | 5.2 | 財務報表分析 | 12 | | 5.3 | 業務綜述 | 42 | | 5.4 | 風險管理 | 53 | | 5.5 | 未來展望和發展戰略 | 59 | | 6. | 重大事項 | 60 | | 7. | 股本變動及股東情況 | 61 | | 8. | 董事、監事、高級管理人員 | 68 | | --- | --- | --- | | | 及員工 | | | 9. | 企業管治報告 | 89 | | 10. | 董事會報告 | 120 | | 11. | 監事會報告 | 126 | | 12. | 社會責任報告 | 129 | | 13. | 內部控制 | 131 | | 14. | 獨立審計師報告 | 132 | | 15. | 財務報表 | 141 | | 16. | 財務報表附註 ...

近日，盛京银行提交了一份2024年的答卷，整体看不容乐观。 2024年，盛京银行实现营收85.77亿元，同比下降了14.57%；实现归母净利润6.21亿元，同比下降了15.21%。 文：向善财经 盛京银行，曾入选过"世界最佳银行"排行榜中国20佳银行，一度是银行中的优等生。 不过随着2021年恒大风波开始，盛京银行便进入了低谷期，由此产生的影响是近两年人事变动也更为频繁，去恒大化也更为明显。 此前在中国银行任职的孙进于2023年11月正式担任盛京银行董事长。 2024年初，盛京银行的董监高进行了大规模调整。 由此可见，2024整年对于盛京银行而言，是新领导们带领下的第一年，也可以说是盛京银行崭新的一年，而在这全新一年中，取得的结果如何呢？ 业绩寒冬，已有回暖征兆？ 数据来看，2024年盛京银行并没有完全摆脱"恒大风波"的影响，业绩未出现翻转迹象。 据天眼查APP显示，这次成绩与2019年高光时刻相比，营收不足当年210.1亿的一半，归母净利润仅为当年54.43亿的九分之一。 | | ਵ | 2024年报 | 2023年报 | 2022年报 | | --- | --- | --- | --- | --- | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告內容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損 失 承 擔 任 何 責 任。 SHENGJING BANK CO., LTD.* 盛京銀行股份有限公司* （於中華人民共和國註冊成立的股份有限公司） （股份代號：02066） 截 至2024年12月31日止年度業績公告 盛 京 銀 行 股 份 有 限 公 司（「本 行」）董 事 會（「董事會」）欣 然 公 佈 截 至2024年 12月31日 止 年 度 經 審 計 的 本 行 及 其 子 公 司 年 度 業 績（「年度業績」）（根 據 國 際 會 計 準 則 理 事 會 頒 佈 的《國 際 財 務 報 告 準 則》編 製）。本 行 董 事 會 及 其 轄 下 的 審 計 委 員 會 已 審 查 並 確 認 年 度 業 績。 年度業績刊登在香港聯合交易所有限公司網站(www.hkexnews.hk)和本行 網 站(www.shengjingbank.com.cn)上。本 ...

为扎实做好科技金融"大文章"，促进"科技-产业-金融"良性循环，全面提升服务专精特新企业质效，近 日，盛京银行在全行范围内启动"助力发展新质生产力 走进千家专精特新"专项活动。 该行安排自2024年10月-2025年6月，集中走访专精特新中小企业、专精特新"小巨人"企业、制造业单项 冠军企业千家以上，主动给各类专精特新企业送政策、送产品、送服务，努力为相关企业主体提供更加 精准、高效的综合金融服务。 盛京银行表示，专精特新企业是推进新型工业化、发展新质生产力的重要生力军。 本次集中走访安排思想行动统一、任务目标明确、工作重点清晰、责任分工压实，希望通过实地走访服 务，全面提升服务专精特新企业质效，进一步完善金融支持科技创新的工作机制，为助力推动高水平科 技自立自强作出新贡献。 2024年以来，该行将科技金融纳入核心业务规划，结合科技型企业研发投入、专利情况、成长空间、政 策支持等要素进行企业画像，创新推出并不断完善"科技研发贷""科技人才贷""科技积分贷""科技认股 选择权"等科技金融系列信贷产品，服务科技型企业全生命周期发展。 通过强化内部联动、外部协同、跨界融合，努力为科技型企业提供全链条、多元化、接力式 ...

Financial Performance - Revenue for the first half of 2024 decreased by 36.2% to RMB 4,560.15 million compared to RMB 7,143.94 million in the same period of 2023[5] - Net profit attributable to shareholders decreased by 21.9% to RMB 576.59 million in the first half of 2024 from RMB 737.88 million in the same period of 2023[5] - Net profit for the first half of 2024 was RMB 592 million, a decrease of RMB 198 million, or 25.1%, compared to the same period last year[13] - Net profit for the period was RMB 650.98 million, a decrease from RMB 919.25 million in the same period last year[183] - Net profit attributable to shareholders for the six months ended June 30, 2024, was RMB 576,594 thousand, compared to RMB 737,875 thousand in the same period in 2023[173] - Total comprehensive income for the six months ended June 30, 2024, was RMB 172,611 thousand, compared to RMB 897,956 thousand in the same period in 2023[174] - Other comprehensive income for the first half of 2024 was a loss of RMB 419.08 million[180] - Total comprehensive income for the first half of 2024 was RMB 172.61 million[180] - Pre-tax profit for corporate banking was RMB 751,304 thousand, retail banking was RMB 131,086 thousand, and funds business incurred a loss of RMB 244,764 thousand, with other business contributing RMB 13,354 thousand, resulting in a total pre-tax profit of RMB 650,980 thousand[195] - Pre-tax profit for corporate banking in the previous period was RMB 3,253,163 thousand, retail banking was RMB 77,500 thousand, and funds business incurred a loss of RMB 2,413,324 thousand, with other business contributing RMB 1,915 thousand, leading to a total pre-tax profit of RMB 919,254 thousand[198] Asset and Liability Management - Total assets decreased by 1.1% to RMB 1,068.31 billion as of June 30, 2024, compared to RMB 1,080.05 billion at the end of 2023[5] - Total loans and advances increased by 3.1% to RMB 492.71 billion as of June 30, 2024, compared to RMB 477.88 billion at the end of 2023[5] - Total deposits increased by 2.4% to RMB 779.28 billion as of June 30, 2024, compared to RMB 761.15 billion at the end of 2023[5] - Total liabilities decreased by RMB 11.916 billion to RMB 988.241 billion, a 1.2% decline compared to the end of the previous year[73] - Total equity increased to RMB 80.06 billion as of June 30, 2024, up from RMB 79.89 billion at the end of 2023[177] - Total assets as of June 30, 2024, were RMB 1,068,305,291 thousand, compared to RMB 1,080,052,706 thousand as of December 31, 2023[175] - Loans and advances as of June 30, 2024, were RMB 517,773,638 thousand, compared to RMB 496,289,504 thousand as of December 31, 2023[175] - Financial investments measured at fair value through profit or loss as of June 30, 2024, were RMB 102,030,638 thousand, compared to RMB 105,916,358 thousand as of December 31, 2023[175] - Financial investments measured at fair value through other comprehensive income as of June 30, 2024, were RMB 55,366,719 thousand, compared to RMB 86,554,502 thousand as of December 31, 2023[175] - Financial investments measured at amortized cost as of June 30, 2024, were RMB 250,522,833 thousand, compared to RMB 264,690,316 thousand as of December 31, 2023[175] - Cash and deposits with central banks as of June 30, 2024, were RMB 83,349,513 thousand, compared to RMB 76,097,764 thousand as of December 31, 2023[175] - Total liabilities for corporate banking were RMB 239,210,055 thousand, retail banking were RMB 565,830,886 thousand, and funds business were RMB 183,091,896 thousand, with other liabilities at RMB 108,580 thousand, resulting in a total liability sum of RMB 988,241,417 thousand[196] - Total liabilities for corporate banking in the previous period were RMB 279,026,867 thousand, retail banking were RMB 554,934,279 thousand, and funds business were RMB 178,759,906 thousand, with other liabilities at RMB 108,866 thousand, leading to a total liability sum of RMB 1,012,829,918 thousand[199] Interest Income and Expense - Interest income decreased by RMB 4.86 billion, or 22.8%, while interest expenses decreased by RMB 2.11 billion, or 13.8%, resulting in a net interest income decrease of RMB 2.74 billion, or 45.9%[14][17][18] - Net interest income decreased by RMB 2.743 billion to RMB 3.236 billion, with a net interest margin of 1.20% and a net interest spread of 0.80%[21][22] - Interest income for the six months ended June 30, 2024, was RMB 16,442,995 thousand, compared to RMB 21,300,324 thousand in the same period in 2023[173] - Net interest income for the six months ended June 30, 2024, was RMB 3,235,788 thousand, compared to RMB 5,978,322 thousand in the same period in 2023[173] - Interest income received was RMB 12.20 billion, up from RMB 8.54 billion in the same period last year[185] - Interest payments (excluding bond interest) decreased to RMB 10.76 billion, compared to RMB 15.71 billion in 2023[185] - Net interest income for corporate banking was RMB 2,436,459 thousand, while retail banking recorded a net interest income of RMB 1,197,768 thousand, and funds business had a net interest expense of RMB 398,439 thousand, resulting in a total net interest income of RMB 3,235,788 thousand[195] - Net interest income for corporate banking in the previous period was RMB 4,671,451 thousand, retail banking was RMB 1,300,042 thousand, and funds business was RMB 6,829 thousand, leading to a total net interest income of RMB 5,978,322 thousand[198] Loan and Deposit Performance - Total loans and advances increased by 3.1% to RMB 492.71 billion as of June 30, 2024, compared to RMB 477.88 billion at the end of 2023[5] - Total deposits increased by 2.4% to RMB 779.28 billion as of June 30, 2024, compared to RMB 761.15 billion at the end of 2023[5] - The loan-to-deposit ratio increased to 63.23% as of June 30, 2024, from 62.78% at the end of 2023[6] - Loans in key areas such as technology, green, and manufacturing reached RMB 16.2 billion, with small and micro enterprise loans growing by 32.2% and the number of small and micro enterprise loan customers increasing by 23.9%[11] - Loans and advances accounted for RMB 485.01 billion of interest-earning assets, with an average yield of 5.08%, down from 5.36% in the same period last year[20] - Loan and advance interest income decreased by RMB 5.215 billion (29.8%) to RMB 12.258 billion, accounting for 74.5% of total interest income, down 7.5 percentage points year-over-year[28] - Total loans and advances increased to RMB 492.71 billion as of June 30, 2024, up from RMB 477.88 billion at the end of 2023, with mortgage loans accounting for 40.4% of the total[63] - Corporate loans (including bill discounts) increased by RMB 13.99 billion (3.8%) to RMB 383.32 billion, representing 77.8% of total loans and advances, up 0.5 percentage points from the end of 2023[60] - Personal loans increased by RMB 833 million (0.8%) to RMB 109.38 billion, accounting for 22.2% of total loans and advances, down 0.5 percentage points from the end of 2023[60] - Deposits increased by RMB 18.123 billion to RMB 779.277 billion, a 2.4% increase, accounting for 78.9% of total liabilities[75] - Personal deposits grew by RMB 27.206 billion, a 5.2% increase, while corporate deposits decreased by RMB 15.217 billion[75] Non-Performing Loans and Risk Management - The non-performing loan ratio slightly decreased to 2.66% as of June 30, 2024, from 2.68% at the end of 2023[6] - Non-performing loan ratio decreased to 2.66%, down by 0.02 percentage points from the end of the previous year, while the provision coverage ratio increased to 159.59%, up by 0.09 percentage points[10] - The company's non-performing loan ratio was 2.66% as of June 30, 2024, compared to 2.68% as of December 31, 2023[90] - Corporate loans (including bill discounts) had a non-performing loan ratio of 2.62% as of June 30, 2024, down from 2.66% as of December 31, 2023[91] - Personal loans had a non-performing loan ratio of 2.82% as of June 30, 2024, up from 2.74% as of December 31, 2023[91] - Total non-performing loans amounted to RMB 13.11 billion as of June 30, 2024, with a NPL ratio of 2.66%[82] - Loans classified as normal accounted for 93.3% of total loans as of June 30, 2024, up from 94.2% at the end of 2023[83] - Loans to the top five industries (wholesale and retail, leasing and business services, real estate, manufacturing, and construction) accounted for 59.2% of total loans as of June 30, 2024[87] - The top ten single borrowers accounted for 11.72% of total loans as of June 30, 2024, all classified as normal loans[89] - Loans to the wholesale and retail industry had the highest NPL ratio of 4.85% as of June 30, 2024[85] - Loans to the real estate industry had a NPL ratio of 2.36% as of June 30, 2024, up from 2.20% at the end of 2023[85] - Loans to the manufacturing industry had a NPL ratio of 3.05% as of June 30, 2024, down from 3.61% at the end of 2023[85] - Loans to the agriculture, forestry, animal husbandry, and fishery industry had the highest NPL ratio of 8.18% as of June 30, 2024[86] - The company optimized its credit risk management by refining credit policies, implementing quota management, and improving loan review processes[119] - The company strengthened its operational risk management by enhancing internal control culture, optimizing risk control mechanisms, and conducting regular risk assessments[121] - The company improved its market risk management system, including the introduction of the "Market Risk Management Measures (2024)" and the "Market Risk Quota Management Plan (2024)"[122] - The company focused on managing interest rate risk in the banking book by adjusting asset-liability structures and using internal pricing tools to mitigate the impact of rate fluctuations[123] - The company established a comprehensive liquidity risk management system to ensure liquidity safety and meet regulatory requirements[124] Capital and Liquidity - The capital adequacy ratio decreased to 13.93% as of June 30, 2024, from 14.12% at the end of 2023[6] - The company's core tier 1 capital adequacy ratio was 10.26%, tier 1 capital adequacy ratio was 12.24%, and total capital adequacy ratio was 13.93% as of June 30, 2024[92] - The company's capital adequacy ratio remained stable, with a capital reserve of RMB 14.859 billion[80] - The company has extended the validity period for the issuance of financial bonds until November 29, 2024[152] - The company's total equity as of December 31, 2023, was RMB 79.89 billion, with retained earnings of RMB 23.53 billion[182] - The company allocated RMB 54.44 million to statutory surplus reserves during the first half of 2024[180] - The company allocated RMB 28.16 million to general reserves during the first half of 2024[180] - Cash dividends distributed during the first half of 2024 amounted to RMB 3.6 million[180] - The company's investment revaluation reserve decreased to a negative RMB 2.79 billion as of June 30, 2024, from a negative RMB 2.35 billion at the end of 2023[177] Digital Transformation and Innovation - The bank enhanced digital transformation and product innovation in transaction banking to support regional development[103] - The bank implemented advanced machine learning algorithms to improve retail credit risk models and customer experience[106] - Mobile banking users reached 4.287 million, a year-on-year increase of 3.8%, with monthly active users growing by 4.0% compared to the same period last year[117] - The company launched 42 new features in its mobile banking app, including card replacement, wealth management, and loan services, enhancing the user experience[117] - The company upgraded its domestic distributed database platform and implemented a multi-active mode across three data centers, significantly improving data security and business continuity[118] - The company developed new platforms such as the "Intelligent Message Push Platform" and "Shengqing Community Platform" to drive business scenario innovation[118] Corporate Governance and Shareholding - The company's board of directors includes 5 executive directors, 5 non-executive directors, and 5 independent non-executive directors[154][155] - The company's senior management team includes a President, 3 Vice Presidents, and a Chief Information Officer[154][155] - The company's independent non-executive director Chen Bonan's appointment is pending approval from the Liaoning Financial Regulatory Bureau[155] - The company's Assistant to the President Sun Yingpin's appointment is pending approval from the Liaoning Financial Regulatory Bureau[155] - Total number of shares as of the latest practicable date is 8,796,680,200, with 6,455,937,700 domestic shares and 2,340,742,500 H shares, unchanged during the reporting period[131] - State-owned legal person holdings increased by 300,000,000 shares to 3,600,756,425 shares, representing 40.93% of total shares, while private legal person holdings decreased by 300,000,000 shares to 2,733,627,664 shares, representing 31.08% of total shares[132] - As of June 30, 2024, the bank has 3,469 domestic shareholders and 124 H-share shareholders, including 42 state-owned legal person shareholders, 110 private legal person shareholders, and 3,317 individual shareholders[133] - The top 10 domestic shareholders hold a total of 4,409,061,661 shares, representing 50.12% of the total share capital, with Shenyang Shengjing Financial Holding Investment Group Co., Ltd. holding the largest stake at 20.79%[134] - Shenyang Shengjing Financial Holding Investment Group Co., Ltd. holds 1,829,225,327 shares, representing 28.33% of domestic shares and 20.79% of total share capital[137] - Shenyang Municipal State-owned Assets Supervision and Administration Commission holds 64.85% of Shenyang Financial Holding Group, which owns 1,829,225,327 A-shares of the company[138] - Shenyang Industrial Investment Development Group Co., Ltd., which is 98.16% owned by Shenyang Municipal State-owned Assets Supervision and Administration Commission, holds 479,836,334 A-shares of the company[138] - Sun Cuhong holds 420,898,500 H-shares, representing 17.98% of total H-shares and 4.78% of total share capital[140] - Future Capital Group Limited holds 400,000,000 H-shares, representing 17.09% of total H-shares and 4.55% of total share capital[140] - PEAK TRUST COMPANY-NV holds 406,761,000 H-shares, representing 17.38% of total H-shares and 4.62% of total share capital[140] - Zhang Songqiao holds 324,651,500 H-shares, representing 13.87% of total H-shares and 3.69% of total share capital[140] - Oshidori International Holdings Limited holds 293,034,000 H-shares, representing 12.52% of total H-shares and 3.33% of total share capital[140] - Cheng Yu Tung Family (Holdings II) Limited holds 179,518,060 H-shares, representing 7.67% of total H-shares and 2.04% of total share capital[140] - Chow Tai Fook (Holding) Limited holds 179,518,060 H-shares, representing 7.67% of total H-shares and 2.04% of total share capital[140] - Murtsa Capital Limited holds 172,512,893 H-shares, representing 7.37% of total H-shares and 1.96% of total share capital[141] - Murtsa Capital Limited holds

Financial Performance - Revenue for the first half of 2024 decreased by 36.2% to RMB 4,560,146 thousand compared to RMB 7,143,937 thousand in the same period of 2023[7] - Net profit attributable to shareholders declined by 21.9% to RMB 576,594 thousand in H1 2024 from RMB 737,875 thousand in H1 2023[7] - Net profit for the first half of 2024 was RMB 592 million, a decrease of RMB 198 million (25.1%) year-on-year[15] - Net profit attributable to shareholders for the six months ended June 30, 2024, was RMB 576,594 thousand, down from RMB 737,875 thousand in the same period in 2023[175] - Net profit for the period was RMB -24,876 thousand, with a comprehensive income of RMB -2,336,109 thousand[184] - Basic and diluted earnings per share for the six months ended June 30, 2024, were RMB 0.07, compared to RMB 0.08 in the same period in 2023[176] Assets and Liabilities - Total assets decreased by 1.1% to RMB 1,068,305,291 thousand as of June 30, 2024, compared to RMB 1,080,052,706 thousand at the end of 2023[7] - Total assets reached RMB 1,068.305 billion, with total deposits increasing by RMB 18.123 billion (2.4%) to RMB 779.277 billion, accounting for 78.9% of total liabilities, up 2.8 percentage points from the previous year[11] - Total assets decreased to RMB 1,068.31 billion as of June 30, 2024, down from RMB 1,080.05 billion at the end of 2023[179] - Total liabilities decreased by RMB 11.916 billion (1.2%) to RMB 988.241 billion as of June 30, 2024, compared to the end of the previous year[75] - Total liabilities were RMB 988,241,417 thousand, with corporate banking liabilities at RMB 239,210,055 thousand, retail banking at RMB 565,830,886 thousand, and funds business at RMB 183,091,896 thousand[199] - Total equity increased slightly to RMB 80.06 billion as of June 30, 2024, up from RMB 79.89 billion at the end of 2023[179] Loans and Advances - Total loans and advances increased by 3.1% to RMB 492,707,548 thousand as of June 30, 2024, compared to RMB 477,876,799 thousand at the end of 2023[7] - Total loans increased by RMB 14.831 billion (3.1%) to RMB 492.708 billion, accounting for 46.1% of total assets, up 1.8 percentage points from the previous year[11] - Loans and advances to customers as of June 30, 2024, were RMB 517,773,638 thousand, up from RMB 496,289,504 thousand as of December 31, 2023[177] - Corporate loans (including bill discounts) reached RMB 383.32 billion, accounting for 77.8% of total loans and advances, up 3.8% from the end of 2023[62] - Personal loans totaled RMB 109.38 billion, representing 22.2% of total loans and advances, with a slight increase of 0.8% from the end of 2023[62] Deposits - Total deposits grew by 2.4% to RMB 779,277,310 thousand as of June 30, 2024, from RMB 761,154,553 thousand at the end of 2023[7] - Customer deposits increased by RMB 18.123 billion (2.4%) to RMB 779.277 billion, accounting for 78.9% of total liabilities, up 2.8 percentage points from the previous year[77] - Deposits from customers grew to RMB 800.46 billion as of June 30, 2024, compared to RMB 779.97 billion at the end of 2023, an increase of RMB 20.49 billion[178] Non-Performing Loans (NPL) and Risk Management - The non-performing loan ratio slightly improved to 2.66% as of June 30, 2024, compared to 2.68% at the end of 2023[8] - Non-performing loan ratio decreased by 0.02 percentage points to 2.66%, while the provision coverage ratio increased by 0.09 percentage points to 159.59%[12] - The bank's non-performing loan (NPL) ratio decreased to 2.66% as of June 30, 2024, down by 0.02 percentage points from the end of 2023[83] - The bank's provision coverage ratio improved to 159.59% as of June 30, 2024, up by 0.09 percentage points from the end of 2023[83] - The NPL ratio for corporate loans (including bill discounts) was 2.62% as of June 30, 2024, slightly down from 2.66% at the end of 2023[93] - The NPL ratio for personal loans increased to 2.82% as of June 30, 2024, compared to 2.74% at the end of 2023[93] Interest Income and Expenses - The net interest margin declined by 0.42 percentage points to 0.80% in H1 2024 compared to 1.22% in H1 2023[7] - Interest income decreased by RMB 4.857 billion (22.8%) to RMB 16.443 billion, while interest expenses decreased by RMB 2.115 billion (13.8%) to RMB 13.207 billion[16] - Net interest income decreased by RMB 2.743 billion (45.9%) to RMB 3.236 billion[16] - Net interest income for the first half of 2024 was RMB 3.235 billion, a decrease of RMB 2.742 billion (45.9%) compared to the same period in 2023[19][20] - Interest income for the first half of 2024 was RMB 16.443 billion, a decrease of RMB 4.857 billion (22.8%) compared to the same period in 2023, primarily due to a decrease in interest income from loans and advances[28][29] - Interest expense for the first half of 2024 was RMB 13.207 billion, a decrease of RMB 2.115 billion (13.8%) compared to the same period in 2023[20] Capital Adequacy and Ratios - The capital adequacy ratio decreased by 0.19 percentage points to 13.93% as of June 30, 2024, from 14.12% at the end of 2023[8] - The bank's capital adequacy ratios as of June 30, 2024, were 10.26% for core tier 1 capital, 12.24% for tier 1 capital, and 13.93% for total capital, all meeting regulatory requirements[94] - The bank's total capital net amount was RMB 105.547 billion as of June 30, 2024, with risk-weighted assets totaling RMB 757.566 billion[96] Operating Expenses and Cost Management - The cost-to-income ratio increased significantly to 57.58% in H1 2024 from 33.39% in H1 2023[7] - Operating expenses increased by RMB 220.05 million (8.6%) to RMB 2.77 billion in the first half of 2024[49] - Employee compensation expenses decreased by RMB 20.30 million (1.4%) to RMB 1.46 billion in the first half of 2024[50] - Office expenses decreased by RMB 40.61 million (36.0%) to RMB 72.30 million in the first half of 2024[52] - Depreciation and amortization expenses increased by RMB 10.39 million (3.6%) to RMB 295.78 million in the first half of 2024[52] - Other general and administrative expenses increased by RMB 290.76 million (57.1%) to RMB 800.41 million in the first half of 2024[53] Investment and Trading Activities - Investment income increased by RMB 1.204 billion (105.8%) to RMB 2.342 billion, driven by the sale and disposal of bonds and other financial investments[16] - Financial investment net income increased by RMB 1.204 billion (105.8%) to RMB 2.342 billion in H1 2024, mainly due to higher net gains from bond asset disposals[47] - Net investment income for the six months ended June 30, 2024, was RMB 2,342,057 thousand, an increase from RMB 1,137,775 thousand in the same period in 2023[175] - Trading net loss increased by RMB 931 million to RMB 1.058 billion in H1 2024, primarily due to foreign exchange business costs and fair value revaluation changes[46] - Net trading loss for the six months ended June 30, 2024, was RMB 1,058,480 thousand, compared to a loss of RMB 126,981 thousand in the same period in 2023[175] Business Segments and Contributions - Corporate banking business generated RMB 2.534 billion in operating income, accounting for 55.6% of the total operating income in the first half of 2024[99] - Retail banking business contributed RMB 1.129 billion in operating income, representing 24.7% of the total operating income in the first half of 2024[99] - The funds business generated RMB 880 million in operating income, making up 19.3% of the total operating income in the first half of 2024[99] - Total operating income for the first half of 2024 was RMB 4,560.146 million, with corporate banking contributing RMB 2,533.834 million (55.6%) and retail banking contributing RMB 1,128.556 million (24.7%)[100] - Net interest income for corporate banking was RMB 2,436,459 thousand, while retail banking recorded RMB 1,197,768 thousand, and funds business had a net interest expense of RMB 398,439 thousand, resulting in a total net interest income of RMB 3,235,788 thousand[198] - Total operating income for the company was RMB 4,560,146 thousand, with corporate banking contributing RMB 2,533,834 thousand, retail banking RMB 1,128,556 thousand, and funds business RMB 879,821 thousand[198] Shareholder and Equity Information - The total number of shares of the company is 8,796,680,200, with 6,455,937,700 domestic shares and 2,340,742,500 H-shares, showing no change during the reporting period[133] - As of June 30, 2024, the company has 3,469 domestic shareholders and 124 H-share shareholders, including 42 state-owned legal entity shareholders and 110 private legal entity shareholders[135] - The top 10 domestic shareholders hold a total of 4,409,061,661 shares, accounting for 50.12% of the company's total shares, with 480,000,000 shares pledged[136] - Shenyang Shengjing Financial Holding Investment Group Co., Ltd. is the largest shareholder, holding 1,829,225,327 shares, representing 20.79% of the total shares[136] - Shenyang Hengxin State-owned Assets Management Group Co., Ltd. holds 479,836,334 shares, accounting for 5.45% of the total shares[136] - Liaoning Huibao International Investment Group Co., Ltd. holds 400,000,000 shares, representing 4.55% of the total shares, with all shares pledged[136] Risk Management and Compliance - The company has established a comprehensive market risk management system, including the issuance of the "Shengjing Bank Market Risk Management Measures (2024)" and the "Shengjing Bank Book Division Implementation Rules (2024)"[124] - The company has implemented the "Shengjing Bank 2024 Market Risk Limit Management Plan" to strengthen limit monitoring and early warning, enhancing market risk control[124] - The company has built a liquidity risk management system to ensure timely and cost-effective liquidity needs, achieving overall liquidity safety and compliance with regulatory indicators[126] - The company has optimized its information technology risk management, using advanced data analysis and AI technologies to build a comprehensive IT internal control and compliance management system[127] - The company has successfully constructed an open-source vulnerability knowledge base platform, which has accumulated over 280,000 vulnerability records, providing strong technical support for system security risk prevention[127] - The company has conducted network security self-inspections and data security checks, with a total of 5,987 employees participating in training courses related to network security and digital transformation[127] - The company has strengthened its reputation risk management by enhancing forward-looking analysis and dynamic monitoring, ensuring timely response and maintaining an efficient linkage mechanism[128] - The company has implemented a compliance risk management system, including the "Shengjing Bank Compliance Three-Year Action Plan (2024-2026)" and monthly supervision mechanisms to ensure regulatory compliance[129] - The company has enhanced its anti-money laundering (AML) risk management by optimizing AML operational models and strengthening the identification, monitoring, and control of AML risks[130] - The company has improved its AML monitoring models and increased the use of financial technology to enhance the effectiveness of AML risk monitoring and control measures[130] Subsidiaries and Investments - The total assets of the 6 village banks reached RMB 2.343 billion, a year-on-year increase of 28.9%[116] - The total liabilities of the village banks amounted to RMB 1.727 billion, a year-on-year increase of 42.4%, with deposits reaching RMB 1.686 billion, up 44.6% year-on-year[116] - Shenyang Shenbei Fumin Village Bank was established on February 9, 2009, with a registered capital of 150,000 thousand RMB, and the company holds a 20% stake[189] - Shenyang Xinmin Fumin Village Bank was established on June 25, 2010, with a registered capital of 30,000 thousand RMB, and the company holds a 20% stake[189] - Shenyang Faku Fumin Village Bank was established on October 26, 2010, with a registered capital of 30,000 thousand RMB, and the company holds a 20% stake[189] - Shenyang Liaozhong Fumin Village Bank was established on November 26, 2010, with a registered capital of 30,000 thousand RMB, and the company holds a 20% stake[189] - Ningbo Jiangbei Fumin Village Bank was established on August 17, 2011, with a registered capital of 100,000 thousand RMB, and the company holds a 30% stake[189] - Shanghai Baoshan Fumin Village Bank was established on September 9, 2011, with a registered capital of 150,000 thousand RMB, and the company holds a 40% stake[189] - Sheng Yin Consumer Finance Co., Ltd. was established on February 25, 2016, with a registered capital of 300,000 thousand RMB, and the company holds a 75% stake[189] Cash Flow and Financial Position - Operating cash flow for the six months ended June 30, 2024, was RMB -51,872,774 thousand, compared to RMB -9,932,168 thousand in the same period in 2023[185] - Investment cash flow for the six months ended June 30, 2024, was RMB 76,545,682 thousand, compared to RMB 15,795,239 thousand in the same period in 2023[186] - Financing cash flow for the six months ended June 30, 2024, was RMB -272,951 thousand, compared to RMB -3,462,323 thousand in the same period in 2023[187] - Cash and cash equivalents increased by RMB 24,394,121 thousand to RMB 60,164,061 thousand as of June 30, 2024[187] - The company's operating assets decreased by RMB 23,621,262 thousand, primarily due to a net increase in loans and advances of RMB 32,654,548 thousand[185] - The company's operating liabilities increased by RMB 16,337,477 thousand, mainly due to a net increase in deposits of RMB 20,492,469 thousand[186] Other Financial Metrics - The loan-to-deposit ratio increased to 63.23% as of June 30, 2024, from 62.78% at the end of 2023[8] - The average yield on interest-earning assets decreased to 4.05% in the first half of 2024 from 4.35% in the same period in 2023[22] - The average interest rate on interest-bearing liabilities decreased to 2.85% in the first half of 2024 from 3.05% in the same period in 2023[23] - The net interest spread decreased to 1.20% in the first half of 2024 from 1.30% in the same period in 2023[23] - Corporate loans (including bill discounts) accounted for 56.3% of total interest income in the first half of 2024, down from 68.5% in the same period in 2023[29] - Personal loans accounted for 18.2% of total interest income in the first half of 2024, up from 13.5% in the same period in 2023[29] - Financial investments accounted for 21.2% of total interest income in the first half of 2024, up from 14.2% in the same period in 2023[29] Corporate Governance and Management - The company's board of directors includes 5 executive directors, 5 non-executive directors, and 5 independent non-executive directors[156] - The company's senior management team includes a President, 3 Vice Presidents, and a Chief Information Officer[157] - No directors, supervisors, or senior executives hold any interests or short positions in the company's shares or related securities[158] - Total number of employees as of June 30, 2024, is 8,601[162] - The company conducted 9,822 training sessions in

Meeting Details - The 2023 Annual General Meeting of Shengjing Bank Co., Ltd. is scheduled for June 5, 2024, at 10:00 AM[2] - The meeting is expected to last no more than half a working day[7] - Shareholders must complete share transfer procedures by May 3, 2024, to be eligible to attend the meeting[5] - The bank will suspend share transfer registration from May 6, 2024, to June 5, 2024[5] Agenda Items - The agenda includes the approval of the 2023 financial results and the 2024 budget report[3] - The bank will discuss the profit distribution plan for the 2023 fiscal year[4] - The meeting will also address the appointment of auditors for the 2024 fiscal year[3] - All resolutions will be voted on, with results published according to the listing rules[4] - The meeting will also cover related party transactions and control plans for 2024[4] Presentations - The bank's independent non-executive directors will present their reports during the meeting[3]

Interest Income and Net Interest Income - Interest income decreased by 11.5% to RMB 38,376,991 thousand in 2023 compared to 2022[6] - Net interest income dropped by 31.0% to RMB 8,866,241 thousand in 2023 compared to 2022[6] - Interest income for 2023 was RMB 38.38 billion, a decrease of RMB 4.97 billion (11.5%) compared to 2022[21] - Net interest income for 2023 was RMB 8.87 billion, a decrease of RMB 3.99 billion (31.0%) year-on-year[21] - Interest income decreased by RMB 4.97 billion (11.5%) year-on-year to RMB 38.38 billion, primarily due to a decline in interest income from loans and advances[33] - Interest income from loans and advances decreased by RMB 4.54 billion (13.0%) year-on-year to RMB 30.28 billion, accounting for 79.0% of total interest income[35][36] - Interest income from financial investments decreased by RMB 397 million (5.8%) year-on-year to RMB 6.49 billion[37] - Interest income from deposits with central banks decreased by RMB 62 million (6.0%) year-on-year to RMB 976 million[38] - Interest income from placements with other financial institutions increased by RMB 118 million (59.6%) year-on-year to RMB 317 million[39] - Interest income from reverse repurchase agreements decreased by RMB 90 million (22.8%) year-on-year to RMB 306 million[40] Non-Interest Income and Operating Income - Non-interest net income fell by 64.4% to RMB 1,173,584 thousand in 2023 compared to 2022[6] - Operating income declined by 37.8% to RMB 10,039,825 thousand in 2023 compared to 2022[6] - Operating income for 2023 was RMB 10.04 billion, a decrease of RMB 6.11 billion (37.8%) compared to 2022[21] - Fee and commission income for 2023 was RMB 146.52 million, a decrease of RMB 117.75 million (44.6%) compared to 2022[21] - Net fee and commission income decreased by 44.6% to RMB 146.52 million in 2023, influenced by reduced fee income and increased expenses[49][50] - Trading net loss increased by RMB 736 million to RMB 565 million in 2023, mainly due to higher foreign exchange funding costs[51] - Investment net income decreased by 46.0% to RMB 1.52 billion in 2023, primarily due to lower net gains from bond disposals[52][53] Operating Expenses and Asset Impairment Losses - Operating expenses increased by 3.6% to RMB 5,999,866 thousand in 2023 compared to 2022[6] - Asset impairment losses decreased by 66.0% to RMB 3,119,594 thousand in 2023 compared to 2022[6] - Operating expenses increased by 3.6% to RMB 6.00 billion in 2023, with a notable rise in other general and administrative expenses by 23.4%[54][58] - Employee compensation expenses decreased by 2.5% to RMB 3.11 billion in 2023, mainly due to reductions in salaries, bonuses, and allowances[55][56] - Asset impairment losses decreased by 66.0% to RMB 3.12 billion in 2023, reflecting improved asset quality[59] Profit and Net Profit - Operating profit dropped by 22.7% to RMB 920,365 thousand in 2023 compared to 2022[6] - Net profit attributable to shareholders decreased by 25.3% to RMB 732,434 thousand in 2023 compared to 2022[6] - Net profit for 2023 was RMB 765 million, a decrease of RMB 255 million (25.0%) year-on-year, primarily due to LPR reductions, declining market interest rates, and insufficient growth in financing demand[20] Assets and Liabilities - Total assets decreased by 0.2% to RMB 1,080.05 billion in 2023 compared to 2022[7] - Total loans and advances dropped by 22.1% to RMB 477.88 billion in 2023[7] - Total deposits decreased by 1.3% to RMB 761.15 billion in 2023[7] - Total assets decreased by RMB 23.60 billion to RMB 10,800.53 billion, a decline of 0.2% year-over-year, primarily due to optimized asset structure adjustments[62] - Loans and advances decreased by RMB 1,354.86 billion to RMB 477.88 billion, a decline of 22.1%, accounting for 44.3% of total assets, down 12.4 percentage points year-over-year[65] - Corporate loans (including bill discounts) decreased by RMB 144.16 billion to RMB 369.33 billion, a decline of 28.1%, accounting for 77.3% of total loans and advances, down 6.4 percentage points year-over-year[66] - Personal loans increased by RMB 8.67 billion to RMB 108.55 billion, a growth of 8.7%, accounting for 22.7% of total loans and advances, up 6.4 percentage points year-over-year[67] - Financial investments increased to RMB 457.16 billion, accounting for 42.3% of total assets, up from 30.5% in the previous year[63] - Total liabilities decreased by RMB 818 million (0.1%) to RMB 10,001.58 billion as of December 31, 2023, with deposits accounting for 78.0% of total liabilities[76] - Deposits (excluding interest payable) decreased by RMB 10.41 billion (1.3%) to RMB 761.15 billion, with personal deposits increasing by RMB 16.14 billion (3.2%) and corporate deposits decreasing by RMB 15.76 billion[78] - Personal deposits accounted for 68.2% of total deposits, with time deposits making up 63.4% of personal deposits[80] - Corporate deposits accounted for 30.0% of total deposits, with time deposits increasing to 15.0% from 11.8% in 2022[80] - Issued bonds (excluding interest payable) totaled RMB 16.83 billion, including RMB 11.84 billion in interbank certificates of deposit[81][82] - Shareholders' equity decreased by RMB 1.54 billion (1.9%) to RMB 79.90 billion as of December 31, 2023[83] Loan Quality and Provision Coverage - Non-performing loan ratio improved to 2.68% in 2023, down by 0.54 percentage points from 2022[7] - Provision coverage ratio increased to 159.50% in 2023, up by 19.20 percentage points from 2022[7] - Non-performing loan balance decreased by RMB 6.957 billion to RMB 12.806 billion, and the provision coverage ratio increased by 19.2 percentage points to 159.50%[17] - Provision coverage ratio improved to 159.50%, an increase of 19.2 percentage points year-over-year[70] - The non-performing loan (NPL) ratio improved to 2.68% in 2023, down by 0.54 percentage points from 2022, and the provision coverage ratio increased to 159.50%, up by 19.2 percentage points[85] - The total balance of non-performing loans decreased to RMB 12.81 billion in 2023 from RMB 19.76 billion in 2022, with the NPL ratio dropping to 2.68% from 3.22%[86] - Loans classified as "normal" accounted for 94.2% of total loans in 2023, slightly down from 94.3% in 2022, while "substandard" loans decreased to 2.3% from 2.9%[87] - The wholesale and retail sector had the highest NPL ratio at 5.02% in 2023, down from 7.70% in 2022, with the real estate sector's NPL ratio increasing to 2.20% from 1.70%[89] - Loans to the top five industries (wholesale and retail, leasing and business services, real estate, manufacturing, and construction) accounted for 57.7% of total loans in 2023, down from 63.3% in 2022[90] - The top ten single borrowers, all classified as "normal" loans, accounted for a combined 12.07% of total loans in 2023, with the largest borrower in the wholesale and retail sector at 1.69%[91] - The non-performing loan (NPL) ratio for corporate loans (including bill discounts) was 2.66% as of December 31, 2023, compared to 3.43% as of December 31, 2022[93] - The NPL ratio for retail loans was 2.74% as of December 31, 2023, up from 2.16% as of December 31, 2022[93] - The total NPL ratio was 2.68% as of December 31, 2023, down from 3.22% as of December 31, 2022[92] Capital Adequacy and Capital Ratios - Capital adequacy ratio rose to 14.12% in 2023, an increase of 2.60 percentage points from 2022[8] - Core tier 1 capital adequacy ratio improved to 10.42% in 2023, up by 0.56 percentage points from 2022[8] - Core tier 1 capital adequacy ratio increased to 10.42%, tier 1 capital adequacy ratio to 12.43%, and total capital adequacy ratio to 14.12%, up by 0.56, 2.57, and 2.60 percentage points respectively from the end of the previous year[16] - The core tier 1 capital adequacy ratio was 10.42%, tier 1 capital adequacy ratio was 12.43%, and total capital adequacy ratio was 14.12% as of December 31, 2023[94] Loan-to-Deposit Ratio and Net Interest Margin - Loan-to-deposit ratio decreased to 62.78% in 2023, down by 16.72 percentage points from 2022[8] - Net interest margin declined to 0.96% in 2023, down by 0.38 percentage points from 2022[7] - Net interest margin (NIM) for 2023 was 0.96%, a decrease of 0.38 percentage points year-on-year[26] - Net interest spread for 2023 was 1.14%, a decrease of 0.26 percentage points compared to 2022[26] - Total interest-bearing assets for 2023 averaged RMB 924.74 billion, with an average yield of 4.15%, down from 4.53% in 2022[27] - Total interest-bearing liabilities for 2023 averaged RMB 980.88 billion, with an average cost of 3.01%, down from 3.13% in 2022[28] Interest Expense and Deposit Rates - Interest expense decreased by RMB 983 million (3.2%) year-on-year to RMB 29.51 billion, mainly due to a reduction in deposit interest expense[41] - Deposit interest expense decreased by RMB 734 million (2.9%) year-on-year to RMB 24.29 billion, accounting for 82.3% of total interest expense[42][44] - Interest expense on borrowings from central banks decreased by RMB 430 million (61.4%) year-on-year to RMB 27 million[43] - Total deposits increased to RMB 803.92 billion in 2023, with a slight decrease in interest expense to RMB 24.29 billion, resulting in an average interest rate of 3.02%, down from 3.15% in 2022[45] - Interest expense on interbank and other financial institution deposits decreased by 42.5% to RMB 1.83 billion in 2023, primarily due to a reduction in average balances[46] - Interest expense on repurchase agreements increased by 66.3% to RMB 2.81 billion in 2023, driven by higher average balances[47] - Interest expense on issued bonds rose by 4.4% to RMB 550 million in 2023, attributed to increased average balances[48] - The average deposit interest rate for 2023 decreased by 13 basis points compared to 2022[10] Corporate and Retail Banking - The company's operating income from corporate banking business was RMB 6.873 billion, accounting for 68.5% of total operating income in 2023[99] - Retail banking business contributed RMB 2.749 billion in operating income, representing 27.4% of total operating income in 2023[99] - Corporate deposits balance reached RMB 2,286.08 billion as of December 31, 2023[102] - Corporate loans balance stood at RMB 3,081.04 billion as of December 31, 2023[103] - Transaction banking assets totaled RMB 372.95 billion, with intermediary business income increasing by 71.2% YoY to RMB 238 million[104] - Personal deposits balance grew by 3.2% YoY to RMB 5,188.04 billion as of December 31, 2023[106] - Personal loans balance increased by 8.7% YoY to RMB 1,085.5 billion as of December 31, 2023[107] - Personal customers reached 29.5875 million, with 13.8662 million being first-tier customers, an annual net increase of 354,000[108] - Wealth management customers increased to 302,900, a growth of 24,000 compared to the previous year[108] - Debit card issuance totaled 20.4402 million, an increase of 683,800 from the previous year, with a total consumption transaction volume of RMB 24.172 billion[110] - Wealth management product scale reached RMB 39.044 billion, generating intermediate business income of RMB 201 million[111] - RMB bond trading volume increased by 43% year-on-year, enhancing market activity[112] - The company launched new products such as "Liao Nong Loan," "Liao Gu Loan," and "Liao Wen Loan" to support rural, capital market, and cultural enterprises[113] - The "Fang Yi Loan" product, launched in early 2023, became a key customer acquisition tool, meeting the rapid financing needs of small and micro enterprises[113] - Credit card loan balance reached RMB 13.333 billion, an increase of RMB 4.307 billion compared to the previous year[114] - Cumulative credit card issuance reached 2.3711 million cards[114] - Shengjing Consumer Finance Company has served over 6 million customers[115] - The total assets of 6 village banks increased by 7.2% year-on-year, with liabilities up by 10.7% and net profit increasing by 21.5%[116] Digital Transformation and IT - The bank completed the evaluation of its information technology strategic planning and refined the granularity of IT project and budget management[120] - The bank established an enterprise-level risk management platform, embedding digital risk control tools into business processes[120] - The bank launched a corporate mobile banking app and continuously iterated on mobile banking and WeChat mini-program functionalities[120] - The company improved its information technology risk management by implementing a full-cycle security management process for new systems[127] - The company conducted 5 training courses on cybersecurity emergency response, outsourcing risk management, and information security management, with a cumulative participation of over 5,100 employees[127] - The company emphasized its strategic focus on digital transformation, retail finance, and risk management to drive high-quality development[133] Risk Management - The bank has optimized its credit policies and quota management, focusing on key regions, industries, and target customers to guide financial allocation more precisely[121] - The bank has conducted in-depth reviews and analyses of corporate credit risks, identifying key groups and enterprises to form tailored strategies for each[122] - The bank has established a comprehensive operational risk management system, identifying 1,551 risk points and implementing 1,849 control measures[123] - The bank is set to complete the construction of a comprehensive market risk management system by 2024, enhancing the standardization and refinement of market risk management[124] - The bank has maintained stable interest rate risk levels within acceptable ranges through proactive management and adjustments in asset-liability structures[125] - The bank has implemented a centralized liquidity risk management framework, ensuring balanced liquidity supply and demand with controlled gaps[126] - The company strengthened its reputation risk management by enhancing online monitoring mechanisms and conducting multi-themed training sessions to improve employee awareness[128] - The company optimized its anti-money laundering management framework and improved customer due diligence and transaction monitoring models[130] - The company established a country risk management system, conducting internal assessments and ratings to enhance the accuracy and timeliness of risk identification[131] - The company is committed to strengthening compliance risk management, conducting regular risk assessments, and enhancing internal audits[129] Strategic Focus and Development - The company plans to focus on industrial finance, leveraging local industrial advantages and policy support to reduce investment risks[132] - The company emphasized the importance of digital transformation in Liaoning Province, targeting 22 key industrial clusters and 4 trillion-level industrial bases[132] - The company highlighted the strong recovery of consumer spending in Liaoning Province, with retail sales growth consistently exceeding the national average[132] - The company aims to develop strategic emerging industries, including aviation manufacturing, new materials, robotics, and new energy vehicles[132] - The company implemented the "12345" development strategy, focusing on transformation, reform, and digitalization to enhance overall development capabilities[189] Shareholders and Equity - The total number of shares remained unchanged at 8,796,680,200, with 6,455,937,700 domestic shares and 2,340,742,500 H shares as of December 31, 2023[138] - Domestic institutional shareholders held 72.01% of the total shares, with state-owned entities holding 37.52% and private entities holding 34.49%[139] - The top 10 domestic shareholders collectively held 50.12% of the total shares, with Shenyang Shengjing Financial Holding Group being the largest shareholder at 20.79%[141] - The