Hua Xia Bank Co. (600015) H2 2024 earnings summary

Executive summary

• Achieved steady operational results in 2024, focusing on high-quality development and strategic execution.

Financial highlights

• Operating income reached RMB 97,146 million, up 4.23% year-over-year.

• Net profit attributable to shareholders was RMB 27,676 million, up 4.98% year-over-year.

• Total assets grew to RMB 4,376,491 million, a 2.86% increase from the previous year-end.

• Loan balance rose to RMB 2,366,317 million, up 2.46% year-over-year.

• Deposit balance reached RMB 2,151,370 million, up 1.01% year-over-year.

Key financial ratios and metrics

• Basic EPS was RMB 1.62, up 9.46% year-over-year.

• Weighted average ROE was 8.84%, up 0.13 percentage points year-over-year.

• NPL ratio declined to 1.60%, down 0.07 percentage points from the previous year-end.

• Provision coverage ratio improved to 161.89%, up 1.83 percentage points year-over-year.

• Book value per share increased to RMB 18.97, up 8.40% year-over-year.