AMTD’s Strategic Investment - Bank of Qingdao Enjoyed Solid 2024 Financial Performance
AMTD Digital Inc. (NYSE: HKD) and World Media and Entertainment Universal Inc. (WME) announced that their strategic investment, Bank of Qingdao, has reported strong preliminary annual results for 2024. The bank demonstrated significant improvements with a 20.16% increase in net profit attributable to shareholders and a 13.48% rise in total assets.
The bank's non-performing loan ratio declined for the second consecutive year to 1.14%. AMTD, through WME, currently holds 367,675,000 H-shares of Bank of Qingdao, representing approximately 16.04% of total H-shares and 6.32% of total ordinary share capital. The bank's performance aligns with its '14th Five Year Plan' implementation and commitment to high-quality development.
AMTD Digital Inc. (NYSE: HKD) e World Media and Entertainment Universal Inc. (WME) hanno annunciato che il loro investimento strategico, Banca di Qingdao, ha riportato risultati annuali preliminari forti per il 2024. La banca ha dimostrato miglioramenti significativi con un incremento del 20,16% dell'utile netto attribuibile agli azionisti e un aumento del 13,48% del totale delle attività.
Il rapporto di prestiti non performanti della banca è diminuito per il secondo anno consecutivo, raggiungendo il 1,14%. AMTD, attraverso WME, detiene attualmente 367.675.000 azioni H della Banca di Qingdao, che rappresentano circa il 16,04% del totale delle azioni H e il 6,32% del capitale sociale ordinario totale. Le prestazioni della banca sono in linea con l'attuazione del '14° Piano quinquennale' e l'impegno per uno sviluppo di alta qualità.
AMTD Digital Inc. (NYSE: HKD) y World Media and Entertainment Universal Inc. (WME) anunciaron que su inversión estratégica, Banco de Qingdao, ha reportado sólidos resultados anuales preliminares para 2024. El banco mostró mejoras significativas con un incremento del 20,16% en las ganancias netas atribuibles a los accionistas y un aumento del 13,48% en el total de activos.
La relación de préstamos no productivos del banco disminuyó por segundo año consecutivo, alcanzando el 1,14%. AMTD, a través de WME, actualmente posee 367.675.000 acciones H del Banco de Qingdao, lo que representa aproximadamente el 16,04% del total de acciones H y el 6,32% del capital social ordinario total. El rendimiento del banco está alineado con la implementación de su '14° Plan Quinquenal' y el compromiso con el desarrollo de alta calidad.
AMTD 디지털 주식회사 (NYSE: HKD)와 월드 미디어 및 엔터테인먼트 유니버설 주식회사 (WME)는 그들의 전략적 투자인 칭다오 은행이 2024년을 위한 강력한 연간 예비 결과를 보고했다고 발표했습니다. 은행은 주주에게 귀속되는 순이익 20.16% 증가와 총 자산 13.48% 증가라는 중요한 개선을 보여주었습니다.
은행의 부실 채권 비율은 두 번째 해에 연속으로 1.14%로 감소했습니다. AMTD는 WME를 통해 현재 칭다오 은행의 367,675,000 H주를 보유하고 있으며, 이는 총 H주의 약 16.04% 및 총 보통주 자본의 6.32%를 차지합니다. 은행의 성과는 '14차 5개년 계획'의 이행 및 고품질 개발에 대한 의지와 일치합니다.
AMTD Digital Inc. (NYSE: HKD) et World Media and Entertainment Universal Inc. (WME) ont annoncé que leur investissement stratégique, Banque de Qingdao, a rapporté de solides résultats annuels préliminaires pour 2024. La banque a montré des améliorations significatives avec une augmentation de 20,16 % du bénéfice net attribuable aux actionnaires et une hausse de 13,48 % des actifs totaux.
Le ratio de prêts non performants de la banque a diminué pour la deuxième année consécutive, atteignant 1,14 %. AMTD, par l'intermédiaire de WME, détient actuellement 367 675 000 actions H de la Banque de Qingdao, représentant environ 16,04 % du total des actions H et 6,32 % du capital social ordinaire total. Les performances de la banque sont en adéquation avec la mise en œuvre de son '14e Plan quinquennal' et son engagement envers un développement de haute qualité.
AMTD Digital Inc. (NYSE: HKD) und World Media and Entertainment Universal Inc. (WME) haben bekannt gegeben, dass ihre strategische Investition, Bank of Qingdao, starke vorläufige Jahresergebnisse für 2024 gemeldet hat. Die Bank zeigte signifikante Verbesserungen mit einem 20,16% Anstieg des Nettogewinns, der den Aktionären zugeschrieben werden kann, und einem 13,48% Anstieg der Gesamtaktiva.
Die Quote notleidender Kredite der Bank ist im zweiten Jahr in Folge auf 1,14% gesunken. AMTD hält über WME derzeit 367.675.000 H-Aktien der Bank of Qingdao, was etwa 16,04% der gesamten H-Aktien und 6,32% des gesamten Stammkapitals entspricht. Die Leistung der Bank steht im Einklang mit der Umsetzung ihres '14. Fünfjahresplans' und dem Engagement für hochwertige Entwicklung.
- 20.16% increase in net profit attributable to shareholders
- 13.48% growth in total assets
- Reduction in non-performing loan ratio to 1.14%
- None.
Insights
Bank of Qingdao's stellar 2024 performance presents significant positive implications for AMTD Digital's investment portfolio. The 20.16% year-over-year increase in net profit demonstrates robust earnings growth, while the 13.48% expansion in total assets indicates successful market penetration and business development.
Particularly noteworthy is the Bank's improving asset quality, evidenced by the declining non-performing loan (NPL) ratio of 1.14%. This figure is notably better than the Chinese banking sector's average NPL ratio, which typically hovers around 1.8%. The two-year consecutive decline in NPLs suggests effective risk management practices and prudent lending policies, important factors for long-term sustainability in the banking sector.
AMTD's strategic holding of 367,675,000 H-shares, representing 16.04% of H-shares and 6.32% of total ordinary share capital, positions it as a significant stakeholder in the Bank's success. This investment aligns with AMTD's portfolio strategy of maintaining substantial positions in well-performing financial institutions. The Bank's successful execution of its '14th Five Year Plan' suggests a clear strategic direction and ability to achieve long-term objectives, potentially enhancing the value of AMTD's investment.
Bank of Qingdao reported significant growth in its key financial metrics for 2024 compared to 2023, highlighting a
As of the date of the announcement, AMTD, through WME, holds 367,675,000 H-shares of the Bank, accounting for approximately
About AMTD Group
AMTD Group is a conglomerate with core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality areas.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in
About World Media and Entertainment
World Media and Entertainment, jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide. WME comprises L’Officiel, The Art Newspaper, movie and entertainment projects, collectively a diversified media and entertainment portfolio of global businesses, and a global portfolio of premium properties.
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