Bank of Nanjing (601009) H2 2024 earnings summary

Executive summary

• Achieved strong growth in both revenue and net profit, with continued focus on high-quality development and customer-centric strategies.

• Maintained stable asset quality and improved operational efficiency, reinforcing positive business momentum.

Financial highlights

• Operating income reached RMB 502.71 billion, up 11.32% year-over-year.

• Net profit attributable to shareholders was RMB 201.77 billion, a 9.05% increase year-over-year.

• Total assets grew to RMB 25,914.02 billion, up 13.25% from the previous year-end.

• Basic earnings per share rose to RMB 1.83, up 8.93% year-over-year.

Outlook and guidance

• Management expects any differences between preliminary and final audited results to be within 10%.