Financial Performance - The annual profit for the year ended December 31, 2023, was RMB 178.4 million, a decrease from RMB 1,672.0 million in 2022[6]. - The net profit for 2023 was RMB 178.4 million, down 89.3% from RMB 1,672.0 million in 2022[12]. - The total operating income of the group was RMB 5,514.3 million, a decrease of 16.4% compared to RMB 6,597.1 million in 2022[12]. - The pre-tax profit for 2023 was RMB 66.4 million, a decline of 96.7% compared to the previous year[15]. - Total comprehensive income for the year was RMB 250,987,000, compared to RMB 1,622,887,000 in the previous year, reflecting a significant decrease[192]. - The company incurred a net loss from trading activities of RMB 47,532 thousand for the year, compared to a gain of RMB 95,101 thousand in 2022[191]. - The company’s fee and commission income decreased to RMB 98,439 thousand, down from RMB 153,493 thousand in the previous year, reflecting a decline of approximately 35.9%[191]. - The company’s dividend income dropped to RMB 7,784 thousand from RMB 21,423 thousand in 2022, a decrease of about 63.7%[191]. Asset and Liability Management - Total assets increased to RMB 269,775.0 million in 2023, compared to RMB 267,000.7 million in 2022, representing a growth of 1.0%[8]. - Total liabilities reached RMB 250,910.5 million in 2023, an increase from RMB 248,381.4 million in 2022[8]. - The bank's total liabilities stood at RMB 250,910.5 million as of December 31, 2023, compared to RMB 248,381.4 million in 2022[68]. - The bank's cash and deposits with central banks totaled RMB 27,149.6 million, providing a strong liquidity buffer[142]. - The asset-liability gap stood at RMB 18,864.5 million, indicating a positive liquidity position[143]. - The bank's liquidity risk management framework emphasizes proactive management, maintaining a stable liquidity position despite external economic changes[151]. Loan and Deposit Trends - The total amount of loans and advances issued increased by 3.5% to RMB 178,111.4 million as of December 31, 2023, accounting for 65.4% of total assets[57]. - Total deposits reached RMB 236,654.1 million, marking a year-on-year increase of 4.1%[12]. - The bank's loan-to-deposit ratio was 75.26% in 2023, a slight decrease from 75.67% in 2022[8]. - Retail deposits accounted for 80.1% of total deposits as of December 31, 2023, up from 74.5% in the previous year[69]. - The total amount of retail loans issued by the company was RMB 25,749.8 million, accounting for 14.5% of the total loans and advances[101]. Non-Performing Loans and Asset Quality - The non-performing loan ratio rose to 2.34% in 2023, up from 1.98% in 2022, indicating a deterioration in asset quality[8]. - Non-performing loans increased to RMB 4,175.5 million, resulting in a non-performing loan ratio of 2.34% as of December 31, 2023, up from 1.98% in the previous year[75]. - The provision for loan impairment increased by 22.3% from RMB 5,359.5 million as of December 31, 2022, to RMB 6,554.5 million as of December 31, 2023, reflecting changes in loan scale and potential risk levels[63]. - The amount of loans classified as "attention" rose significantly from RMB 5,533.9 million in 2022 to RMB 10,563.5 million in 2023, indicating increased credit risk[74]. Interest Income and Expenses - Net interest income for 2023 was RMB 5,528.4 million, down from RMB 6,514.9 million in 2022, reflecting a decline of approximately 15.1%[7]. - Interest income decreased by 4.9% from RMB 14,382.7 million in 2022 to RMB 13,674.5 million in 2023, primarily due to a decline in average yield on interest-earning assets from 5.65% to 5.15%[24]. - Total interest expense increased to RMB 8,146.1 million in 2023 from RMB 7,867.8 million in 2022, with deposits accounting for 93.6% of total interest expense[32]. - The average yield on total deposits was 3.24% in 2023, slightly up from 3.22% in 2022[33]. Operational and Strategic Initiatives - The group plans to enhance retail transformation and optimize operational management to drive growth[11]. - The strategic vision includes becoming a competitive professional financial service provider with a focus on serving the real economy[11]. - The company plans to focus on expanding its interest-earning asset base to improve net interest income in the future[24]. - The company has established a village bank management department to assist in strategic development and risk management, enhancing operational support across six service centers[128]. Risk Management - The company has established a comprehensive risk management system to mitigate uncertainties affecting strategic and operational goals[134]. - Credit risk management is primarily associated with corporate loans, retail loans, and funding operations, with a structured organization involving various committees and departments[135]. - The company implements a client admission mechanism to determine target customers based on its market positioning and credit policies[136]. - The bank's operational risk management is overseen by the board, with the legal compliance department leading daily monitoring and control efforts[149]. Corporate Governance - The company emphasizes high standards of corporate governance as a key factor in enhancing its core competitiveness and has established a modern governance structure[183]. - The company has fully complied with all applicable provisions of the Corporate Governance Code during the reporting period[183]. - The board has proposed not to distribute a final dividend for the year ended December 31, 2023, pending approval at the 2023 annual general meeting[185].
九台农商银行(06122) - 2023 - 年度业绩