Dividend and Share Information - The total cash dividend for the year 2024 is expected to be RMB 8.406 billion, with a distribution of RMB 0.62 per 10 shares for the final dividend and RMB 1.30 per 10 shares for the interim dividend[10]. - The total number of shares issued as of December 31, 2024, is 43.782 billion shares[10]. - The cash dividend distribution is subject to approval at the 2024 Annual General Meeting[10]. - The board meeting on March 28, 2025, approved the profit distribution plan for the year 2024[7]. - The company will provide further details regarding the timing of the 2024 Annual General Meeting and related arrangements in due course[10]. Financial Performance - The total operating income for the year reached CNY 133.12 billion, with a net profit attributable to shareholders of CNY 32.30 billion[17]. - Operating revenue for 2024 was RMB 133,123 million, a decrease of 3.11% compared to RMB 137,391 million in 2023[41]. - Net profit attributable to shareholders was RMB 32,296 million, down 9.85% from RMB 35,823 million in 2023[41]. - The non-performing loan ratio decreased to 1.47%, indicating stable asset quality[21]. - The total assets amounted to CNY 7.81 trillion, reflecting a year-on-year growth of 1.82%[17]. Risk Management and Compliance - The company has not identified any significant risks that would adversely affect its future development strategy and operational goals[10]. - The company has taken proactive measures to effectively manage various risks[10]. - The bank is committed to strict risk management and compliance, focusing on maintaining asset quality and risk control in key areas[31]. - The company's commitment to compliance and risk management is aimed at building trust and enhancing customer loyalty[39]. - The company has established a comprehensive internal capital adequacy assessment framework to ensure effective capital management and risk management[108]. Customer and Market Development - Retail customer numbers increased by 5.99% year-on-year, while private banking customer numbers rose by 12.48%[20]. - The bank aims to enhance financial services for key economic sectors and weak links in society[30]. - The number of technology-oriented enterprises served reached 114,300, an increase of 14% year-on-year, with loans to these enterprises totaling CNY 412.2 billion, up 8% from the previous year[132]. - The balance of inclusive small micro-enterprise loans was CNY 855.10 billion, with a year-on-year increase of CNY 63.89 billion; the average interest rate for these loans was 4.27%, down 38 basis points[136]. - The bank served over 45,000 clients in the supply chain finance sector, enhancing its digital and online service capabilities[148]. Asset and Liability Management - Total assets reached CNY 7.81 trillion, an increase of 1.82% compared to the previous year[26]. - Total liabilities amounted to CNY 7.16 trillion, growing by 1.72% year-on-year[26]. - The liquidity coverage ratio stood at 161.99%, exceeding the regulatory requirement of 100%[49]. - The total amount of loans and advances issued by the company reached RMB 4,450.48 billion, an increase of RMB 65.60 billion or 1.50% compared to the previous year[75]. - The total amount of non-performing loans (NPLs) in the real estate, manufacturing, and wholesale and retail sectors was RMB 26.84 billion, accounting for 79.44% of total company NPLs[94]. Technological Innovation and Digital Transformation - Minsheng Bank plans to embrace technological innovation and digital transformation to improve financial services and customer experience[31]. - The bank's digital financial development is driven by technology and data, with over 30 typical application scenarios implemented across eight major business areas[139]. - The group is focusing on enhancing financial services through fintech, aiming to improve service quality and efficiency for the real economy[54]. - The company actively explored digital finance and developed a digital investment research platform to enhance investment decision-making efficiency[177]. - The group has established a technology finance committee and specialized branches to enhance support for innovative enterprises, with a three-year plan for technology finance business implementation[131]. Sustainable Development and Green Finance - The balance of green credit increased by over 20% year-on-year, demonstrating a strong commitment to green finance[18]. - The MSCI ESG rating improved to "AAA," marking a significant achievement in sustainable development efforts[22]. - The balance of green credit reached CNY 323.46 billion, an increase of 22.41%, outpacing the average growth rate of all loans[134]. - The group has launched various innovative financial products, including carbon market services and green financing projects, to support the transition to a low-carbon economy[133]. - The group will continue to strictly implement national policies and regulatory requirements in the real estate sector, aiming for balanced development in volume, price, and quality[129]. Awards and Recognition - The bank has received multiple awards, including the 2023 Financial Technology Development Award and the 2024 MSCI ESG Rating of AAA[32]. - Minsheng Wealth received multiple industry awards, including the "Bank Wealth Management Company Excellence Award" and "Annual Cash Management Product Award" during the reporting period[178]. - Minsheng Jinzu received multiple industry awards, including "Annual Green Finance Benchmark Enterprise" and "Most Influential Financial Leasing Company" during the reporting period[174].
民生银行(01988) - 2024 - 年度业绩