Financial Performance - For the year ended December 31, 2022, the total operating income was RMB 14,382.7 million, an increase of 14.8% compared to RMB 12,524.3 million in 2021[5]. - Net interest income for 2022 was RMB 6,514.9 million, representing a growth of 5.5% from RMB 6,176.4 million in 2021[5]. - The net profit attributable to the owners of the bank for 2022 was RMB 1,970.0 million, up from RMB 1,719.0 million in 2021, reflecting a year-on-year increase of 14.6%[5]. - The bank's total assets reached RMB 98.6 billion by the end of 2022, compared to RMB 87.3 billion in 2021, marking a growth of 10.5%[5]. - The bank's fee and commission income for 2022 was RMB 1,983.5 million, an increase from RMB 1,747.5 million in 2021, indicating a growth of 13.5%[5]. - The bank's investment securities net income was RMB 1,672.0 million for 2022, compared to RMB 1,290.0 million in 2021, reflecting a significant increase of 29.6%[5]. - The total operating income for 2022 was RMB 6,597.1 million, an increase of 3.7% from RMB 6,362.3 million in 2021[10]. - Net profit rose by 29.6% to RMB 1,672.0 million in 2022, up from RMB 1,290.0 million in 2021[10]. - Total assets reached RMB 267,000.7 million, reflecting a year-on-year growth of 14.0%[10]. - The net amount of loans and advances was RMB 170,597.4 million, which represents an 11.8% increase compared to the previous year[10]. Asset Quality - The bank's non-performing loan ratio was reported at 1.8% for 2022, a slight increase from 1.7% in 2021[5]. - The non-performing loan ratio was 1.98%, an increase of 0.1 percentage points year-on-year[10]. - Non-performing loans amounted to RMB 3,405.2 million as of December 31, 2022, categorized into substandard, doubtful, and loss categories[77]. - The non-performing loan (NPL) ratio increased from 1.88% as of December 31, 2021, to 1.98% as of December 31, 2022, primarily due to external economic conditions and the impact of the COVID-19 pandemic[79]. - The manufacturing sector had the highest NPL rate at 4.08% as of December 31, 2022, followed by the wholesale and retail sector at 1.29%[81]. - The NPL ratio for retail loans increased from 3.27% as of December 31, 2021, to 4.36% as of December 31, 2022, primarily due to ongoing impacts of COVID-19 and slower recovery of personal income stability[85]. Capital and Liquidity - The core Tier 1 capital adequacy ratio was 8.91%, slightly up from 8.83% in 2021[10]. - The total capital adequacy ratio as of December 31, 2022, was 11.50%, slightly down from 11.63% as of December 31, 2021[179]. - The net core tier 1 capital increased to RMB 17,240.2 million as of December 31, 2022, from RMB 15,896.7 million as of December 31, 2021[179]. - The total risk-weighted assets amounted to RMB 193,589.1 million as of December 31, 2022, up from RMB 180,086.9 million as of December 31, 2021[179]. - The bank's liquidity risk management framework includes a board of directors responsible for approving policies and strategies, with a focus on proactive management and maintaining overall liquidity stability[157]. - The bank's cash and deposits with the central bank reached RMB 34,642.8 million, a significant increase from RMB 30,998.0 million, reflecting a growth of approximately 11.88%[148]. Operational Changes and Strategy - The bank plans to expand its market presence by enhancing digital banking services and increasing customer engagement through new technology initiatives[2]. - The bank's board has confirmed the resignation of the chairman, Gao Bing, effective immediately, which may lead to changes in strategic direction[2]. - The bank is currently in the process of changing its legal representative, which may impact its governance structure moving forward[2]. - The company plans to continue expanding its loan offerings to meet diverse financial service needs, contributing to steady growth in net interest income[18]. - The company aims to enhance financial services and improve online service accessibility in response to the challenges posed by the COVID-19 pandemic[193]. - The company plans to continue focusing on local market development and risk control to achieve high-quality growth[193]. Risk Management - The bank's comprehensive risk management framework addresses credit, market, operational, liquidity, reputational, legal compliance, information technology, and anti-money laundering risks[139]. - The company has established a comprehensive credit risk management system involving the board, risk management committees, and various departments to enhance credit risk oversight[140]. - The company has strengthened its anti-money laundering (AML) framework, integrating it into the overall risk management system and enhancing the monitoring and reporting processes[170]. - The company has improved its AML risk management level by enhancing internal controls and conducting self-inspections to prevent and mitigate money laundering activities[170]. Shareholder Information - The board of directors has recommended not to distribute a final dividend for the year ending December 31, 2022, pending approval at the upcoming annual general meeting[188]. - The company has a total share capital of 5,074,191,569 shares, with 4,107,690,457 domestic shares (81.0%) and 966,501,112 H shares (19.0%)[192]. - The company is obligated to withhold a corporate income tax of 10% on dividends distributed to non-resident corporate shareholders[190]. - The annual general meeting for shareholders is scheduled for June 16, 2023, with a suspension of H share transfer registration from May 17 to June 16, 2023[191].
九台农商银行(06122) - 2022 - 年度业绩