Financial Performance - Jinshang Bank reported a total revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-on-year increase of 15%[24]. - The bank's net profit for 2021 was RMB 450 million, up 10% compared to the previous year[24]. - Future guidance for 2022 includes a revenue growth target of 12% and a net profit increase of 8%[24]. - The total operating income for the year ended December 31, 2021, was RMB 5,390.7 million, representing a 10.7% increase from RMB 4,868.0 million in 2020[42]. - The net profit for the year ended December 31, 2021, rose by 6.9% to RMB 1,679.4 million, compared to RMB 1,570.9 million for the previous year[43]. - Net profit attributable to equity holders was RMB 1,685.6 million, a 7.6% increase from RMB 1,566.7 million in 2020[28]. - The company achieved a net profit of RMB 1,679.4 million for the year ended December 31, 2021[102]. User Growth and Market Expansion - User data indicated an increase in active accounts by 20%, reaching a total of 1.5 million active users by the end of 2021[24]. - The bank plans to expand its market presence by opening 10 new branches in key urban areas in 2022[24]. - The company aims to enhance customer experience through innovative online products and green financing methods[139]. Asset and Liability Management - Total assets increased by 11.9% to RMB 303,291.5 million from RMB 270,943.6 million in 2020[30]. - Total liabilities rose by 12.5% to RMB 281,133.9 million compared to RMB 249,902.2 million in 2020[30]. - Total deposits reached RMB 195.3 billion, an increase of 12.6% year-on-year[39]. - The liquidity coverage ratio was 322.30%, down from 327.19% in the previous year[33]. - Cash and deposits with central banks increased by 17.1% to RMB 24,042.2 million, representing 40.3% of total assets as of December 31, 2021[93]. Loan Portfolio and Quality - Total loans amounted to RMB 155.7 billion, with a year-on-year growth of 14.4%[39]. - The non-performing loan ratio improved to 1.5%, down from 1.8% in 2020, reflecting better asset quality management[24]. - The non-performing loan ratio remained stable at 1.84%, unchanged from 2020[32]. - The balance of inclusive small and micro enterprise loans reached RMB 5,746 million by the end of 2021, with a year-to-date increase of RMB 1,247 million, reflecting a year-on-year growth rate of 27.72%[40]. - The total amount of non-performing corporate loans was RMB 2,453.9 million, with a NPL ratio of 2.50%[109]. Capital Adequacy and Risk Management - The bank's capital adequacy ratio stands at 12.5%, above the regulatory requirement, indicating a strong capital position[24]. - The capital adequacy ratio increased to 12.02% from 11.72% in 2020[33]. - The Tier 1 capital adequacy ratio and core Tier 1 capital adequacy ratio were both 10.10% as of December 31, 2021, a decrease of 0.62 percentage points from the end of 2020[125]. - The company plans to enhance its risk management framework by integrating comprehensive risk management systems and maintaining a prudent risk appetite[126]. - The bank has established a comprehensive credit risk management system to identify, measure, monitor, and control credit risks associated with corporate and personal loans, as well as financial market operations[127]. Technology and Innovation - Jinshang Bank is investing RMB 100 million in new technology development, focusing on digital banking solutions to enhance customer experience[24]. - The bank has launched a new mobile banking app, which has seen over 200,000 downloads within the first month of release[24]. - The company aims to strengthen digital transformation and data governance, with new projects like supply chain finance service platform and green finance management system launched[41]. Shareholder Structure and Governance - The total issued share capital of the bank was 5,838,650,000 shares as of December 31, 2021[149]. - The largest shareholder, Shanxi Provincial Finance Department, held 715,109,200 shares, accounting for 12.25% of the total share capital[152]. - The company has a significant concentration of ownership, with the top three shareholders holding over 43% of the total equity[156]. - The company has a diverse shareholder base, including state-owned enterprises and investment management firms[156][157]. - The company is committed to compliance with regulatory approvals from the China Banking and Insurance Regulatory Commission for its board members[170]. Operational Efficiency and Cost Management - The cost-to-income ratio improved slightly to 36.84% from 36.01% in 2020[31]. - Operating expenses rose by 13.5% from RMB 1,824.3 million in 2020 to RMB 2,070.5 million in 2021, primarily due to the expiration of temporary social insurance fee reductions[66]. - Employee benefits, including wages, bonuses, and allowances, rose by 5.4% to RMB 874.4 million, while social insurance and pension costs surged by 120.8% to RMB 214.2 million[68]. Strategic Initiatives - The bank is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[24]. - The company actively participated in green finance initiatives, launching products such as pollution rights mortgage and intellectual property pledge[40]. - The company launched new financial products, including "Core Upstream and Downstream Credit Loans" and "Integrity Loans," to meet diverse financing needs of small and micro enterprises[40].