On March 17, Ping An Bank held its performance press conference for 2024. By the end of 2024, the net interest margin of the bank (group level) was 1.87%, a decrease of 51 basis points compared to the same period last year. Xiang Youzhi, Vice President and Chief Financial Officer of Ping An Bank, explained that in 2024, Ping An Bank actively adjusted the structure of retail loans, leading to a significant decrease in interest margin, and this factor has basically come to an end. Looking ahead to this year, Xiang Youzhi stated that there will still be downward pressure on net interest margin in 2025, but the pace of decline is expected to slow.