CZBANK(601916) 新华财经·2025-04-03 12:24Group 1 - The core viewpoint of the article highlights the strategic shift of Zhejiang Commercial Bank towards long-term value creation, moving away from a focus on scale and quick profits [1] - In 2024, Zhejiang Commercial Bank reported a net profit of 15.19 billion yuan, a slight increase of 0.92%, while revenue grew by 6.19%, the highest among listed joint-stock banks [1] - Non-interest income for the bank increased by over 39%, contributing nearly one-third of total revenue, with investment income exceeding 11.3 billion yuan, a year-on-year growth of over 28% [1] Group 2 - The bank experienced a decline in interest income, with a net interest margin decrease of 30 basis points and a 5% drop in net interest income [2] - Fee and commission income fell by 11%, primarily due to decreased revenue from guarantee and bond underwriting services [2] - The asset quality improved, with the non-performing loan ratio dropping to 1.38%, while overdue loans increased by 21% [2] Group 3 - Recently, Zhejiang Commercial Bank faced significant shareholder reductions, with Shandong International Trust reducing its stake to 2.09% after selling 195 million shares [3] - This marks the second major shareholder reduction in six months, following a previous announcement of Hengdian Group's plan to sell approximately 275 million shares [3] - Additionally, several former executives of the bank collectively reduced their holdings by about 28,900 shares [4]