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Industrial bank seeks shareholder approval for bond issuance

May 10, 2025 at 05:04 AM UTCBy FilingReader AI

Industrial Bank (SSE:601166) has released documents for its 2024 Annual Shareholders Meeting, outlining key proposals including plans to issue up to CNY 150 billion in capital bonds and an additional amount in financial bonds, subject to shareholder and regulatory approvals. The bank reported 2024 net profit of CNY 709.48 billion and proposes a cash dividend of CNY 1.06 per share, a 2% increase year-over-year. Total assets reached CNY 10.51 trillion, up 3.47% from the prior year, with a non-performing loan ratio of 1.07%. The agenda includes the election of Yu Hua to the board, appointment of the 2025 auditor, and reports on director performance and related-party transactions. Shareholders will also consider a capital management plan for 2025-2030. The meeting is scheduled for May 29, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:601166Shanghai Stock Exchange
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