BANK OF CHANGSHA(601577) 证券日报·2025-04-26 00:29Key Points - The core viewpoint of the announcement is the financial performance and profit distribution plan of Changsha Bank for the year 2024, highlighting its commitment to shareholder returns while ensuring sustainable growth [10][11][12]. Financial Performance - As of the end of the reporting period, the total assets of Changsha Bank reached 1,211.24 billion RMB, an increase of 64.49 billion RMB, or 5.62% from the beginning of the year [4]. - The total deposits amounted to 750.71 billion RMB, up by 27.73 billion RMB, or 3.84% [4]. - The total loans and advances reached 587.94 billion RMB, increasing by 42.83 billion RMB, or 7.86% [4]. - For Q1 2025, the bank reported operating income of 6.81 billion RMB, a year-on-year increase of 3.78%, and a net profit attributable to shareholders of 2.17 billion RMB, up by 3.81% [4]. Asset Quality - The non-performing loan ratio stood at 1.18%, with a provision coverage ratio of 309.82% and a loan-to-deposit ratio of 3.65%, indicating stable asset quality [5]. Profit Distribution Plan - The bank plans to distribute a cash dividend of 0.42 RMB per share (including tax), with a total cash dividend amounting to 1,689.05 million RMB, representing 22.49% of the net profit attributable to ordinary shareholders [10][11]. - The total distributable profit as of December 31, 2024, is 33,227.85 million RMB, with the remaining undistributed profit of 31,538.80 million RMB carried forward to the next year [11][13]. Decision-Making Process - The profit distribution proposal was approved at the board meeting held on April 24, 2025, and will be submitted for shareholder approval [15][16]. - The independent directors and the supervisory board have reviewed the proposal, confirming its compliance with relevant regulations and its alignment with the bank's sustainable development strategy [16][17]. Related Transactions - Changsha Bank has approved a credit limit of 8.9 billion RMB to its subsidiary, Hunan Changyin 58 Consumer Finance Co., Ltd., for a term of one year, which is classified as a related party transaction [22][23]. - The transaction is part of the bank's normal business operations and is not expected to significantly impact its financial status [26].