2020 年度報告 徽 商 銀 行 股 份 有 限 公 司 Huishang Bank Corporation Limited （於中華人民共和國註冊成立的股份有限公司） 股份代號：3698 優先股股份代號：4608 2020 年度報告 目錄 CONTENTS | --- | --- | --- | |----------|------------------------------------------|-------| | | 釋義 | 4 | | 第一章 | 公司簡介 | 5 | | 第二章 | 會計數據和業務數據摘要 | 13 | | 第三章 | 董事長致辭 | 16 | | | | | | 第四章 | 行長致辭 | 19 | | 第五章 | 管理層討論與分析 | 22 | | | | | | 第六章 | 董事會報告 | 68 | | 第七章 | 股本變動及股東情況 | 84 | | 第八章 | 董事、監事、高級管理人員、員工和機構情況 | 104 | | 第九章 | 企業管治報告 | 121 | | 第十章 | 內部控制 | 150 | | 第十一章 | 監事會報告 | 153 | | | | | ...

徽 商 銀 行 股 份 有 限 公 司 Huishang Bank Corporation Limited (於中華人民共和國註冊成立的股份有限公司) 股份代號：3698 優先股股份代號：4608 2020中期報告 re @I @ 1 -1 -1 REERESS 目錄 釋義 4 | --- | --- | |--------|------------------------| | | | | 第一章 | 公司簡介 | | 第二章 | 會計數據和業務數據摘要 | | 第三章 | 管理層討論與分析 | | 第四章 | 股本變動及股東情況 | | 第五章 | | | 第六章 | 公司治理 | | 第七章 | 重要事項 | | 第八章 | 中期財務報告 | 6 8 10 52 董事、監事、高級管理人員、員工和機構情況 61 66 68 71 2020年中期報告 「本行」或「徽商銀行」 徽商銀行股份有限公司，包括附屬公司及下屬分支機構 「中國」或「我國」 中華人民共和國 「中國銀保監會」 中國銀行保險監督管理委員會 「中國銀監會」 原中國銀行業監督管理委員會 「安徽銀保監局」 中國銀保監會安徽監管局 「安徽銀監局」 原 ...

Financial Performance - The net operating income for 2019 was RMB 31,159 million, an increase of 15.61% compared to RMB 26,951 million in 2018[17]. - The profit before tax for 2019 reached RMB 12,301 million, reflecting a growth of 13.68% from RMB 10,821 million in 2018[17]. - The net profit attributable to shareholders for 2019 was RMB 9,819 million, up 12.26% from RMB 8,747 million in 2018[17]. - The net profit for the year was RMB 10.06 billion, a year-on-year increase of 13.57%, marking the first time exceeding RMB 10 billion[29]. - The average return on assets (ROA) for 2019 was 0.92%, slightly up from 0.90% in 2018[21]. - The core tier 1 capital adequacy ratio improved to 8.85% in 2019 from 8.37% in 2018, reflecting a 0.48% increase[22]. - The total equity attributable to shareholders increased to RMB 87,209 million, a growth of 27.85% from RMB 68,213 million in 2018[18]. - The company reported net commission and fee income of RMB 4.164 billion, an increase of RMB 0.458 billion or 12.36% year-on-year, attributed to growth in agency service fees and card fees[61]. Assets and Liabilities - Total assets as of December 31, 2019, amounted to RMB 1,131,721 million, a 7.73% increase from RMB 1,050,506 million at the end of 2018[18]. - Total liabilities amounted to RMB 1,042.23 billion, reflecting a robust financial position[29]. - Customer deposits totaled RMB 603.45 billion, representing a year-on-year growth of 4.92%[29]. - The total amount of corporate loans reached RMB 263.78 billion, up 18.2% from the previous year, comprising 56.86% of customer loans and advances, a decrease of 1.6 percentage points[72]. - The total amount of overdue loans increased to RMB 64.47 billion, with 40.30% overdue for less than 3 months[108]. Loan and Credit Management - The total customer loans and advances reached RMB 463,985 million, representing a significant growth of 21.54% from RMB 381,766 million in 2018[18]. - New credit issuance exceeded RMB 80 billion, with nearly RMB 20 billion allocated to private enterprises[30]. - The bank's non-performing loan ratio remained stable at 1.04%, unchanged from the previous year[22]. - The bank's non-performing loan ratio was 1.04%, which is 0.82 percentage points lower than the national average[38]. - The bank's focus on risk mitigation measures included increasing collateral to prevent risks during economic downturns[106]. Awards and Recognition - The company received multiple awards in 2019, including the "Most Influential Good News" in the Chinese banking industry from the China Banking Association[13]. - The company was recognized as one of the "Top 100 Unicorn Companies" in China and "Top 100 Internet Financial Unicorn Brands" by the Chinese Academy of Sciences[14]. - The company achieved a significant milestone by winning the "Best Development Award" for syndicated loans in 2019 from the China Banking Industry[14]. - The company was awarded the "Best Social Responsibility Practice Case" in the 2018 Chinese Banking Industry Social Responsibility Top 100 Evaluation[14]. - The company was recognized for its innovative financial services, receiving the "Top 10 Financial Institutions for Service to the Real Economy" award in 2019[14]. Operational Highlights - The bank employed 9,499 staff and operated 17 branches and 416 external business institutions[12]. - The bank's headquarters is located in Hefei, Anhui Province, China[12]. - The bank has established a good social image as a local bank, a citizen bank, and a small and medium enterprise bank[12]. - The bank's service to the real economy was emphasized, with a focus on six major financial areas including livelihood, industry, technology, green finance, inclusive finance, and poverty alleviation[35]. - The bank's international trade financing amounted to RMB 33.2 billion, with a steady increase in cross-border settlement volume reaching USD 7.66 billion[137]. Risk Management - The bank continues to implement a "prudent, rational, and stable" risk preference, enhancing its comprehensive risk management system to ensure sufficient risk provisions and capital adequacy levels[172]. - The bank's liquidity risk management aims to ensure sufficient funds to meet expected and unexpected demands, maintaining a stable liquidity environment[178]. - The bank's operational risk management focuses on strengthening internal processes and utilizing external data to prevent risk contagion and enhance monitoring systems[177]. - The bank has established a dynamic management system for major risk loans, implementing tailored strategies for recovery and restructuring[173]. - The bank's comprehensive risk management framework integrates technological innovations to enhance risk measurement and monitoring across various business areas[176]. Digital Transformation and Innovation - The bank is advancing its digital transformation by integrating data with business operations, leading to improved accuracy in credit risk warning models[192]. - The bank's information technology infrastructure has been strengthened, with the launch of a data center designed to national A-class standards and the establishment of a dual-active mobile banking system[192]. - The bank is promoting an open transaction banking platform to unify corporate financial services and enhance operational efficiency[192]. - The bank's electronic channel transaction ratio for retail accounts reached 95.97%, an increase of 2.6 percentage points year-on-year[160]. - The bank's personal wealth management business reached a scale of RMB 164.78 billion in 2019, with a year-on-year growth of RMB 62.22 billion, representing an increase of 60.67%[145]. Strategic Focus - The bank aims to enhance deposit sources by strengthening both RMB and low-cost USD deposits, with a focus on online channels[199]. - The bank plans to develop a comprehensive product system around customer needs, including liability, payment, wealth management, and financial management products[199]. - The bank's long-term strategy includes advancing supply-side structural reforms to address financing difficulties for small and micro enterprises[197]. - The bank is committed to maintaining a stable deposit base as a fundamental aspect of its balanced development strategy[199]. - The bank emphasizes the importance of solidifying its customer base, focusing on acquiring, serving, and retaining customers as key performance indicators[198].

2019 中期報告 （於中華人民共和國註冊成立的股份有限公司） 股份代號：3698 優先股股份代號：4608 2019 中期報告 mm 00000 目錄 | --- | --- | --- | |--------|------------------------------------------|-------| | | | | | 釋義 | | 2 | | 第一章 | 公司簡介 | 4 | | 第二章 | 會計數據和業務數據摘要 | 6 | | 第三章 | 管理層討論與分析 | 8 | | 第四章 | 股本變動及股東情況 | 58 | | 第五章 | 董事、監事、高級管理人員、員工和機構情況 | 67 | | 第六章 | 公司治理 | 72 | | 第七章 | 重要事項 | 75 | | 第八章 | 中期財務報告 | 79 | 釋義 徽商銀行股份有限公司 2019年中期報告 在本中期報告中，除非文義另有所指外，下列詞語具有如下涵義。 | --- | --- | |---------------------------------|-------------------------------------- ...

Financial Overview - As of the end of 2018, Huishang Bank's registered capital was approximately RMB 12.15 billion[4]. - Operating net income for 2018 reached RMB 26,951 million, an increase of 19.74% compared to RMB 22,508 million in 2017[9]. - Pre-tax profit rose to RMB 10,821 million, reflecting a growth of 12.57% from RMB 9,613 million in the previous year[9]. - Net profit attributable to shareholders was RMB 8,747 million, up 14.87% from RMB 7,615 million in 2017[9]. - Total assets increased by 15.68% to RMB 1,050,506 million from RMB 908,100 million year-over-year[10]. - Total liabilities grew by 15.47% to RMB 980,229 million, compared to RMB 848,888 million in 2017[10]. - The net profit for 2018 was RMB 8.860 billion, representing a year-on-year increase of 13.42%[22]. - The total customer deposits amounted to RMB 573.798 billion, reflecting a year-on-year growth of 11.89%[22]. - The total amount of loans and advances reached RMB 381.766 billion, marking a growth of 21.31%[22]. - The total investment reached RMB 504.645 billion, which is 48.04% of total assets, compared to 46.12% the previous year[50]. Operational Performance - The bank employed 9,515 staff and operated 17 branches and 424 external business institutions, including 2 branch business departments and 422 sub-branches[4]. - The bank's main operations include accepting deposits from corporate and retail customers and providing loans[4]. - The bank's comprehensive strength and management level have steadily improved, achieving coordinated development in scale, quality, and efficiency[4]. - The bank's retail business saw rapid growth, with personal financial assets exceeding RMB 250 billion[20]. - The bank's cash management transaction volume reached RMB 16 trillion, maintaining a leading position in the market[20]. - The bank's credit card service was awarded for "Best User Experience Mobile Banking" in 2018[6]. - The bank's liquidity coverage ratio stands at 132.75%, with high-quality liquid assets amounting to RMB 67.384 billion, and a net cash outflow of RMB 50.762 billion over the next 30 days[141]. Risk Management - The bank has implemented a comprehensive risk management system, focusing on prudent, rational, and stable risk preferences to ensure sufficient risk provisions and capital adequacy[137]. - The bank has optimized its market risk management processes, employing various analytical methods such as gap analysis and stress testing to maintain market risk within acceptable limits[139]. - The bank aims for a balanced development of scale, quality, and efficiency in its operations while maintaining a comprehensive risk management value[137]. - The bank has implemented a robust mechanism for monitoring liquidity indicators and conducting quarterly liquidity risk stress tests to prevent potential liquidity crises[141]. - The bank emphasizes the importance of risk warning and exit mechanisms, particularly in high-risk sectors such as real estate and small enterprises[138]. Awards and Recognition - The bank received multiple awards in 2018, including the "2018 Top 10 City Commercial Banks Golden Dragon Award" and "Outstanding Contribution Bank for Precision Poverty Alleviation" in Anhui region[7]. - The bank was recognized as a "First-Class Taxpayer" in Anhui Province for 2017[6]. - The bank achieved a ranking in the top 20 for "Profitability," "Innovation Capability," and "Comprehensive Wealth Management Capability" among city commercial banks in a report by the China Banking Association[7]. Product and Service Development - Huishang Bank launched several new products, including "Zhongbiao Loan" and "Minsheng Loan," enhancing its product offerings[20]. - The company is focusing on innovation and increasing R&D investments to improve competitiveness and support the development of small and micro enterprises[105]. - The company plans to enhance its retail banking capabilities by improving service levels and expanding wealth management product lines in response to market pressures in 2019[117]. - The company is actively participating in the green finance sector, supporting the development of green economies in Anhui and Jiangsu provinces[153]. Customer Engagement - The number of debit cards issued reached 17.04 million by the end of 2018, with a card balance of RMB 72.22 billion, marking a 49.97% increase year-on-year[119]. - The number of personal online banking customers reached 3.7747 million, with online banking transactions increasing by 32.66% to 290.9439 million transactions in 2018[129]. - Mobile banking customers totaled 3.1957 million, with transaction volume growing by 57.81% to RMB 381.9 billion in 2018[130]. Financial Stability - The bank's non-performing loan ratio improved slightly to 1.04% from 1.05% in the previous year[13]. - The coverage ratio for non-performing loans increased to 302.22%, up from 287.45% in 2017[13]. - The cost-to-income ratio decreased to 23.02% from 25.90% in 2017, indicating improved operational efficiency[11]. - The average return on total assets was 0.90%, down from 0.94% in the previous year[12]. Future Outlook - The company aims to continue its high-quality development in 2019, focusing on stability and progress amid challenges[21]. - The company plans to enhance fiscal policies to reduce taxes and fees, thereby lowering corporate costs and increasing household income[151]. - The company is committed to improving its risk management system to prevent systemic risks while promoting sustainable development[149]. - The company aims for stable growth and high-quality development, focusing on key areas such as infrastructure and new consumption, with a plan to maintain stable credit growth and leverage quality assets[152].