BANK OF XI'AN(600928)2024-04-29 11:57Financial Performance - Total assets reached CNY 432.201 billion, an increase of 6.50% compared to the end of the previous year[34]. - Total loan principal amounted to CNY 202.922 billion, growing by 6.98% year-on-year[34]. - Total deposit principal was CNY 293.786 billion, up 4.79% from the previous year[34]. - Annual operating income was CNY 7.205 billion, reflecting a year-on-year growth of 9.70%[34]. - Net profit attributable to shareholders was CNY 2.462 billion, an increase of 1.56% year-on-year[34]. - Retail deposits reached CNY 160.223 billion, with an increase of CNY 14.202 billion, representing a growth of 9.73%[42]. - Personal loans totaled CNY 65.174 billion, increasing by CNY 3.256 billion, a growth of 5.26%[42]. - The company achieved net interest income of 5.31 billion yuan, a decrease of 3.63% year-on-year, with interest income of 15.38 billion yuan, up 10.90% year-on-year, and interest expenses of 10.08 billion yuan, up 20.48% year-on-year[61]. - Non-interest net income reached 1.90 billion yuan, representing a year-on-year increase of 79.01%, primarily due to increased investment income and fair value changes[63]. - The company reported a net cash flow from operating activities significantly decreased by 76.33%, totaling 12,326,139 thousand compared to 52,081,383 thousand in 2022[114]. Loan and Deposit Growth - The loan balance for small and micro enterprises reached 35.072 billion CNY, with a 22.08% increase in the balance of inclusive small and micro enterprise loans to 7.254 billion CNY, up by 1.312 billion CNY from the beginning of the year[20]. - The balance of inclusive small and micro enterprise loans increased by 22.08%, reflecting the company's commitment to enhancing financial services for small businesses[20]. - Total loans and advances amounted to 202.92 billion, an increase from 189.69 billion year-on-year, with a net loan amount of 198.00 billion[140]. - The bank's deposits increased by 5.17% year-on-year, totaling CNY 302.56 billion[106]. - Total deposits reached 293.79 billion, a 4.79% increase from the previous year, with personal deposits growing by 9.72% to 162.16 billion, accounting for 53.60% of total deposits[146]. Risk Management and Asset Quality - The non-performing loan ratio increased to 1.35% from 1.25% in the previous year, indicating a rise of 0.10 percentage points[119]. - Credit impairment losses were CNY 2.74 billion, representing a year-on-year increase of 30.67%[105]. - The company has taken proactive measures to manage the watchlist loans, which amounted to 8.87 billion at the end of the reporting period[164]. - The overdue loans totaled 4,638,042 thousand yuan, representing 2.29% of total loans, compared to 4,538,074 thousand yuan (2.39%) in the previous year[167]. - The company reported a provision for loan impairment of 1,704.5 million yuan during the reporting period, with a year-end balance of 5,383.7 million yuan[195]. Investment and Financial Strategy - The company launched new products such as "Smart Deposit 4.0" and "Quick E-Loan," focusing on retail customer acquisition and expanding the customer base[17]. - The company aims to enhance its financial services in five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, as part of its 2024 outlook[3]. - The company’s financial investments amounted to 151.37 billion yuan, generating interest income of 5.19 billion yuan at an average interest rate of 3.43%[76]. - Financial investments measured at fair value and recognized in profit or loss increased to 28,742,857 thousand yuan, up from 25,986,237 thousand yuan, representing a growth of 10.77%[125]. - The company has enhanced its product development and innovation efforts to meet investor demands and market opportunities[199]. Awards and Recognition - The company received multiple awards, including ranking 340th in the "2023 Global Bank 1000" list, indicating strong market recognition[134]. - The company received multiple awards, including the "Five-Star Product" recognition from the China Investment Association[199]. Operational Efficiency - The company integrated technology and business, improving data governance, risk management, and IT operations capabilities, maintaining a leading position among regional banks[2]. - The company plans to enhance its technological capabilities and data application efficiency to support high-quality development[72]. - Employee costs for 2023 amounted to 1,057,523 thousand yuan, accounting for 53.74% of total business and management expenses, showing a year-on-year increase of 1.91%[83]. - Total business and management expenses for 2023 reached 1,967,685 thousand yuan, reflecting a 4.11% increase compared to 1,889,992 thousand yuan in 2022[83].