Huishang Bank announces 2024 results, dividend, and A-share plan extension

Huishang Bank Corporation (HKEX: 3698) reported its 2024 annual results, showcasing significant asset growth and a proposed dividend, alongside plans to extend its A-Share offering. The bank's total assets reached over RMB2 trillion, up 11.49% year-on-year, with loans exceeding RMB1 trillion for the first time. Net profit amounted to RMB15.917 billion, and basic earnings per share reached RMB1.05. The Board recommends a cash dividend of RMB0.21 per share, totaling approximately RMB2.917 billion. Furthermore, Huishang Bank announced a proposed extension of its A-Share offering plan and related authorization, solidifying its intent to pursue a listing on the Mainland market. The Bank also re-affirmed its commitment to high corporate governance standards and announced key personnel appointments, demonstrating its focus on sustainability, transparency, and effective management. The bank’s financial reports were unqualified by Ernst & Young, with internal audit frameworks and adherence to best practices confirmed. A change in accounting firms to KPMG for 2025 was made.