Bank of Qingdao reports solid 2024, proposes dividend

Bank of Qingdao (SZSE: 002948) released its 2024 annual report, showcasing solid financial performance and outlining a future strategy focused on quality and sustainability. The bank reported a net profit of ¥4.405 billion, a 19.97% increase year-over-year, with basic earnings per share reaching ¥0.69. Bolstering shareholder returns, the board proposes a cash dividend of ¥1.60 per 10 shares, totaling ¥931.26 million, pending shareholder approval.