Bank of Guiyang proposes stable dividend despite profit dip

Bank of Guiyang (SSE:601997) is proposing a cash dividend of CNY 2.9 per 10 shares for 2024, totaling CNY 1,060,297,442.04, mirroring the previous year's payout. This recommendation comes despite the bank reporting a net profit of CNY 48.73 million for 2024, a 10.62% decrease compared to the previous year. At year-end 2024, the bank's total assets reached CNY 7,056.69 billion, a 2.56% increase year-over-year. Non-performing loan ratio stood at 1.58%, a slight decrease from the beginning of the year, and capital adequacy ratio improved to 15.20%. The AGM materials also cover board and supervisory reports, related party transaction details, and executive compensation plans, showcasing a focus on governance and risk management.