Capital Distribution and Financial Reporting - The Board of Directors proposed a capital reserve distribution plan, recommending a stock dividend of 1 share for every 10 shares held, with no cash dividends or bonus shares [6]. - The financial report for 2022 was audited by Ernst & Young, receiving standard unqualified opinions from both Chinese and Hong Kong auditing standards [5]. - The report period covers from January 1, 2022, to December 31, 2022, and includes consolidated financial data from several subsidiaries [5]. Company Performance and Financial Metrics - Operating income for 2022 was RMB 15,225,843 thousand, an increase of 2.80% compared to RMB 14,810,905 thousand in 2021 [23]. - Total profit decreased by 29.61% to RMB 2,807,230 thousand from RMB 3,988,138 thousand in the previous year [23]. - Net profit attributable to shareholders was RMB 2,422,304 thousand, down 24.92% from RMB 3,226,192 thousand in 2021 [23]. - Total assets increased by 2.88% to RMB 591,513,618 thousand at the end of 2022, compared to RMB 574,979,662 thousand at the end of 2021 [23]. - The non-performing loan ratio was 1.88%, slightly up from 1.85% in 2021 [25]. - The capital adequacy ratio decreased to 12.72% from 15.00% in the previous year [25]. - The weighted average return on equity dropped to 3.53% from 7.17% in 2021 [25]. - The net interest margin was 2.18%, down from 2.24% in the previous year [25]. - Cash flow from operating activities was negative at RMB (31,350,017) thousand, an improvement of 26.44% from RMB (42,619,059) thousand in 2021 [23]. Loan and Credit Management - Zhengzhou Bank provided financial support for small and micro enterprises, processing 4,500 deferment applications totaling RMB 3.18 billion [13]. - The bank approved RMB 6.4 billion in loans under the "guarantee delivery" initiative, signing strategic cooperation agreements with seven real estate companies [14]. - As of the reporting period, Zhengzhou Bank supported 2,640 innovation-related loans with a total balance of RMB 24.1 billion [16]. - The total amount of loans and advances increased by 14.49% to RMB 330,921,097 thousand from RMB 289,027,668 thousand in 2021 [23]. - The non-performing loan (NPL) balance reached RMB 6.22 billion, with a non-performing loan ratio of 1.88%, an increase of 0.03 percentage points from the previous year [124]. - The overdue loans reached RMB 9.84 billion, an increase of RMB 1.49 billion or 17.83% year-on-year, with overdue loans accounting for 2.97% of total loans, up 0.08 percentage points from the previous year [139]. Economic and Strategic Initiatives - The company aims to build a high-quality development value-leading bank, reflecting its commitment to progress and resilience in 2022 [12]. - Zhengzhou Bank implemented 27 measures to stabilize the economy and promote growth, aligning with national and provincial policies [14]. - The bank's leadership expressed a strong determination to continue high-quality development in 2023, aligning with national strategic directives [17]. - The company plans to enhance its market expansion strategies and invest in new technologies to improve operational efficiency and customer service [32]. Digital Transformation and Innovation - Zhengzhou Bank's digital transformation strategy was emphasized as a key focus for high-quality development [16]. - The bank introduced over 10 specialized products, including talent loans and R&D loans, to support innovative enterprises [16]. - The company is focused on becoming a "specialized financial service expert for small and medium enterprises," emphasizing digital and intelligent development [45]. - The bank has launched innovative products such as "Yidingtong" and cross-border non-financing guarantees, enhancing its service offerings [200]. Risk Management and Compliance - The company is committed to compliance and risk management, enhancing internal control and compliance levels to ensure stable operations [47]. - The bank has strengthened credit risk management and accelerated the disposal of non-performing assets during the reporting period [128]. - The bank's focus remains on high-quality development and enhancing risk management capabilities [128]. Awards and Recognition - The company has received multiple awards, including recognition as a "Top 100 Enterprises in Henan" and "Outstanding Financial Bond Issuer" in 2022 [51].

Financial Performance - Operating revenue for 2022 was RMB 15,101,350 thousand, an increase of 2.03% compared to RMB 14,800,539 thousand in 2021[18]. - Total profit decreased by 29.61% to RMB 2,807,230 thousand from RMB 3,988,138 thousand in the previous year[18]. - Net profit attributable to shareholders was RMB 2,422,304 thousand, down 24.92% from RMB 3,226,192 thousand in 2021[18]. - The total assets at the end of 2022 reached RMB 591,513,618 thousand, reflecting a growth of 2.88% from RMB 574,979,662 thousand in 2021[19]. - The non-performing loan ratio increased slightly to 1.88% from 1.85% in the previous year[20]. - The core tier 1 capital ratio decreased to 9.29% from 9.49% in 2021, a decline of 0.20%[20]. - The net interest margin for 2022 was 2.18%, down from 2.24% in 2021[21]. - The provision coverage ratio improved to 165.73% from 156.58% in the previous year, an increase of 9.15%[20]. - The total loans and advances (excluding accrued interest) increased by 14.49% to RMB 330,921,097 thousand from RMB 289,027,668 thousand in 2021[19]. - The weighted average return on equity decreased to 3.53% from 7.17% in 2021, a decline of 3.64%[20]. Risk Management - The company did not identify any significant risks that would adversely affect its future development strategy and operational goals during the reporting period[2]. - The company is focused on risk management and has outlined its strategies in the "Management Discussion and Analysis" section of the report[2]. - The provision coverage ratio for non-performing loans was calculated based on the balance of impairment provisions against the total amount of non-performing loans[24]. - The bank's capital adequacy ratio is calculated based on the statutory financial statements prepared in accordance with Chinese accounting standards[24]. - The non-performing loan ratio is calculated as the total amount of non-performing loans divided by the total amount of loans issued[24]. - The average return on assets for the reporting period was calculated based on the net profit as a percentage of the average total assets[24]. - The company has established a comprehensive market risk management framework, including risk identification, measurement, and monitoring[159]. - The company has implemented a daily risk monitoring system to enhance the quality and effectiveness of risk management[159]. - The company has revised its operational risk management framework to minimize operational losses[160]. - The company has developed a robust anti-money laundering framework, including 11 specialized regulations[165]. Strategic Initiatives - The company emphasizes a commitment to high-quality development and aims to establish itself as a leading bank in value[9]. - The bank plans to continue expanding its market presence and enhancing its product offerings in the future[9]. - Zhengzhou Bank is committed to digital transformation and has been designated as a policy-oriented financial operation entity for scientific and technological innovation[12]. - The bank's strategy includes a focus on risk control and the disposal of non-performing assets to strengthen its foundation[12]. - The bank aims to enhance its role in local economic development while adhering to national and provincial policy directives[13]. - The bank's strategic vision focuses on becoming a "value-leading bank for high-quality development" with three main business positions: trade logistics bank, SME financial service expert, and boutique citizen bank[34]. - The bank is actively pursuing digital transformation to enhance financial services for the real economy, leveraging the "Digital China" national strategy[34]. - The bank's strategy focuses on high-quality development, innovation-driven growth, and optimizing the asset-liability structure to achieve balanced growth in scale, profitability, and risk[175]. Loans and Advances - Zhengzhou Bank provided financial support for small and micro enterprises, processing 4,500 loan deferments totaling RMB 3.18 billion[10]. - The bank approved RMB 6.4 billion in loans for the "guarantee delivery" initiative, signing strategic cooperation agreements with 7 real estate companies[11]. - As of the reporting period, Zhengzhou Bank supported 2,640 innovation-related loans, with a total balance of RMB 24.1 billion[13]. - The total amount of loans and advances issued by the bank was RMB 330.92 billion, an increase of RMB 41.89 billion or 14.49% year-on-year[76]. - The balance of loans to small and micro enterprises reached RMB 44.292 billion, an increase of 13.72% compared to the end of the previous year, exceeding the overall loan growth rate by 0.88 percentage points[151]. - The cumulative issuance of inclusive loans to small and micro enterprises amounted to RMB 29.799 billion, with an average interest rate of 5.68%[151]. - The bank's total loan issuance reached RMB 330.92 billion, with a non-performing loan rate of 1.80% for corporate loans, a decrease of 0.06 percentage points year-on-year[101]. - Personal loans accounted for 24.57% of total loans, with a non-performing loan rate of 2.49%, an increase of 0.34 percentage points from the previous year[101]. Shareholder Information - The bank's total issued shares as of December 31, 2022, amounted to 8,265,537,599, including 1,836,780,000 H shares and 6,428,757,599 A shares[178]. - The total number of ordinary shareholders at the end of the reporting period was 98,586, with 98,532 A-share shareholders and 54 H-share shareholders[187]. - The top 10 ordinary shareholders held a total of 4,200,000,000 shares, with the largest shareholder, Hong Kong Central Clearing Limited, holding 1,836,588,724 H-shares, representing 22.22%[188]. - Zhengzhou Finance Bureau held 597,496,646 A-shares, accounting for 7.23% of total shares, with 84,799,000 shares pledged[188]. - The report indicates that there were no special agreements for repurchase transactions among the top 10 shareholders[191]. - The report highlights the ownership structure involving multiple layers of control among major shareholders, particularly in state-owned enterprises[195]. - The major shareholders include Zhengzhou Finance Bureau, Zhengzhou Investment Holding Co., Ltd., and other related entities[200]. - There are no controlling shareholders or actual controllers for Zhengzhou Bank as of the end of the reporting period[200]. Economic Outlook - The bank anticipates facing risks from global economic downturns and domestic economic pressures in 2023[174]. - The overall economy is expected to return to potential growth rates in 2023, with significant consumption rebound anticipated due to targeted interest rate cuts in the real estate sector[175]. - The bank will closely monitor macroeconomic policies and the impact of extreme weather on its operations, ensuring financial stability and operational results[175]. - The bank's focus on restoring and expanding consumption is aligned with provincial efforts to activate the real estate market and promote major project advancements[175].

Financial Performance - The Bank of Zhengzhou reported its audited consolidated annual results for the year ended December 31, 2022[1]. - Operating income for 2022 was RMB 15,225,843 thousand, an increase of 2.80% compared to RMB 14,810,905 thousand in 2021[20]. - Total profit decreased by 29.61% to RMB 2,807,230 thousand from RMB 3,988,138 thousand in the previous year[20]. - Net profit attributable to shareholders was RMB 2,422,304 thousand, down 24.92% from RMB 3,226,192 thousand in 2021[20]. - The bank's net profit was RMB 2.6 billion, a decrease of 23.48% compared to the previous year[34]. - The net interest income was RMB 12.25 billion, reflecting a growth of 2.55% year-on-year[46]. - The net profit attributable to shareholders was negative at (981,141) thousand RMB in Q4 2022, compared to a profit of 872,379 thousand RMB in Q3 2022[26]. - The total operating income for Q4 2022 was 3,402,986 thousand RMB, a decrease from 4,258,469 thousand RMB in Q3 2022[26]. Risk Management - The bank did not identify any significant risks that would adversely affect its future development strategy and operational goals during the reporting period[6]. - The report includes a detailed description of the main risks faced by the bank and the measures taken to address them[6]. - The bank's commitment to high-quality development is aligned with the national strategy for economic stability and growth[15]. - The bank's focus on high-quality development and risk management has led to an overall controllable loan quality[81]. - The bank has established a comprehensive credit risk management framework covering the entire credit business process[145]. - The bank's operational risk management framework aims to minimize losses from internal processes and external events[147]. - The bank's liquidity risk management focuses on maintaining sufficient funding positions to meet obligations and business needs[148]. Capital and Shareholder Information - The board proposed a capital reserve distribution plan, offering 1 additional share for every 10 shares held, with no cash dividends or bonus shares[6]. - The total number of issued shares is 8,265,537,599, including 1,836,780,000 H-shares and 6,428,757,599 A-shares[168]. - The bank's total number of limited shares at the end of the reporting period was 344,097,605, representing 4.16% of total shares[167]. - The top 10 ordinary shareholders held a total of 3,746,000,000 shares, with the largest shareholder, Hong Kong Central Clearing (Agent), holding 1,836,588,724 H-shares, representing 22.22% of total shares[177]. - Zhengzhou Finance Bureau, a state-owned entity, held 597,496,646 A-shares, accounting for 7.23% of total shares, with 84,799,000 shares pledged[177]. Loans and Advances - In 2022, Zhengzhou Bank provided loan extensions for 4,500 small and micro enterprises, totaling RMB 3.18 billion to support economic recovery[11]. - The total amount of loans and advances issued was RMB 330.921 billion, up 14.49% year-on-year[34]. - The bank supported 2,640 innovation-driven enterprises with loans amounting to RMB 24.1 billion during the reporting period[14]. - The total amount of personal loans was RMB 81,316,327 thousand, with an NPL of RMB 2,020,870 thousand, resulting in an NPL ratio of 2.49%[85]. - The overdue loans amounted to RMB 9,839,206 thousand, representing 2.97% of the total loans, an increase of RMB 1,489,000 thousand or 17.83% from the previous year[88]. Economic and Market Context - In 2022, the national GDP reached RMB 121,020.7 billion, growing by 3.0% year-on-year, with the primary, secondary, and tertiary industries increasing by 4.1%, 3.8%, and 2.3% respectively[27]. - The total retail sales of consumer goods in 2022 amounted to RMB 43,973.3 billion, a slight decline of 0.2% compared to the previous year, indicating a significant impact from economic downturns[27]. - The total import and export value in 2022 reached RMB 42,067.8 billion, growing by 7.7% year-on-year, with general trade imports and exports increasing by 11.5%[27]. - The average disposable income per capita in China in 2022 was RMB 36,883, showing a nominal increase of 5.0% year-on-year, with real growth of 2.9% after adjusting for price factors[27]. Digital Transformation and Innovation - The bank's digital transformation strategy was emphasized as a key focus for future development[14]. - The company focuses on becoming a "financial service expert for small and medium-sized enterprises," emphasizing digitalization, online services, and intelligent development[39]. - The bank launched over 10 specialized financial products, including talent loans and R&D loans, to support innovation-driven enterprises[14]. - The bank's mobile banking platform signed up 2.7367 million customers, a 12% year-on-year growth, with transaction amounts reaching RMB 283.8 billion, up 33%[142]. Corporate Governance and Compliance - The annual report was approved by the board of directors at the eighth meeting of the seventh board on March 30, 2023[5]. - The company emphasizes compliance and risk management, implementing a three-line defense system to enhance operational stability[41]. - The bank has established a comprehensive anti-money laundering governance structure, having developed 11 specialized anti-money laundering regulations[152]. - The bank has improved its business continuity management capabilities, enhancing its response to emergencies and refining internal control systems[150].

Financial Performance - Operating income for Q3 2022 was RMB 4,160,477 thousand, an increase of 19.30% year-on-year[4] - Net profit attributable to shareholders for Q3 2022 was RMB 872,379 thousand, a decrease of 0.63% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was RMB 825,378 thousand, a decrease of 5.36% year-on-year[4] - The total operating income for the group reached RMB 11,723,349 thousand, an increase from RMB 10,435,097 thousand in the same period last year, representing a growth of approximately 12.3%[32] - Net interest income for the group was RMB 9,455,463 thousand, up from RMB 8,736,852 thousand, reflecting a year-on-year increase of about 8.2%[32] - The net profit attributable to shareholders of the bank was RMB 3,543,822 thousand, compared to RMB 3,456,135 thousand in the previous year, indicating a growth of approximately 2.5%[33] - The total profit amounted to RMB 4,355,769 thousand, which is an increase from RMB 4,236,446 thousand, showing a growth of around 2.8% year-on-year[33] - The total comprehensive income for the group was RMB 3,750,293 thousand, down from RMB 3,985,486 thousand, indicating a decrease of about 5.9%[34] Asset and Liability Management - Total assets as of September 30, 2022, were RMB 596,131,114 thousand, an increase of 3.68% from the end of 2021[6] - The total liabilities as of September 30, 2022, were RMB 532,939,613 thousand, an increase of 3.37% from the end of 2021[6] - The bank's total equity reached RMB 63.19 billion as of September 30, 2022, up from RMB 59.41 billion at the end of 2021, reflecting a growth of approximately 6.5%[31] - The bank's total assets increased to 457,135,570 thousand RMB as of September 30, 2022, up from 421,013,820 thousand RMB at the end of 2021[13] - The bank's total deposits reached RMB 339.88 billion as of September 30, 2022, compared to RMB 321.57 billion at the end of 2021, representing an increase of about 5.7%[30] Capital Adequacy and Risk Management - The core tier 1 capital adequacy ratio as of September 30, 2022, is 9.54%, an increase from 9.49% at the end of 2021[10] - The bank's total capital adequacy ratio is 14.51%, slightly down from 15.00% at the end of 2021[13] - The loan provision coverage ratio is 3,169.12%, well above the regulatory requirement of 150%[10] - The non-performing loan ratio is 1.76%, down from 1.85% at the end of 2021, indicating improved asset quality[10] Cash Flow Analysis - The net cash flow from operating activities for Q3 2022 was RMB (4,614,560) thousand, a decrease of 77.25% year-on-year[4] - The cash inflow from operating activities for the group was RMB 40,202,723 thousand for the nine months ended September 30, 2022, down from RMB 45,308,441 thousand in the same period of 2021, a decrease of 6.2%[39] - The net cash flow from operating activities for the bank was RMB (20,783,729) thousand, down from RMB (25,409,235) thousand, representing a decline of about 18.5%[40] - The net cash flow from investment activities for the group was RMB 20,897,096 thousand, down from RMB 26,190,609 thousand, indicating a decline of about 20.5%[41] Operational Efficiency - The cost-to-income ratio improved to 17.53% from 22.98% year-on-year, reflecting better operational efficiency[12] - The bank's investment income increased by 64.65% year-on-year, reaching 674,749 thousand RMB, driven by favorable bond market conditions[17] - The bank's foreign exchange net income surged by 693.22% year-on-year, totaling 1,075,050 thousand RMB, attributed to fluctuations in the USD/RMB exchange rate[17] Strategic Initiatives - The bank has launched a new debit card for new citizens and developed exclusive consumer loan and wealth management products[20] - Financial support for the "guarantee housing" initiative amounted to RMB 5.692 billion in approvals and RMB 1.842 billion in disbursements[20] - A total of 83 credit cooperation projects were initiated with key small and micro enterprise parks, resulting in RMB 15.464 billion in credit support[19]

Financial Performance - The bank reported a total revenue of RMB 1.2 billion for the first half of 2022, reflecting a year-on-year increase of 15%[2]. - Net profit attributable to shareholders reached RMB 500 million, representing a growth of 10% compared to the same period last year[2]. - Total operating revenue for the first half of 2022 reached RMB 7,562,872 thousand, an increase of 8.86% compared to RMB 6,947,551 thousand in the same period of 2021[12]. - Net profit attributable to shareholders was RMB 2,531,066 thousand, reflecting a growth of 3.15% from RMB 2,453,871 thousand year-on-year[12]. - The net profit for the period was RMB 2.632 billion, representing a year-on-year growth of 3.63%[25]. - The total profit for the first half of 2022 was RMB 3,245,690 thousand, reflecting a 2.67% increase from RMB 3,161,181 thousand in the same period of 2021[33]. Assets and Liabilities - The bank's total assets increased to RMB 150 billion, up 8% from the end of 2021[2]. - Total assets as of June 30, 2022, amounted to RMB 584,295,564 thousand, representing a 1.62% increase from RMB 574,979,662 thousand at the end of 2021[12]. - Total liabilities stood at RMB 522,149,410 thousand, which is a 1.28% increase from RMB 515,568,122 thousand at the end of 2021[12]. - The bank's total liabilities reached RMB 548.29 billion, reflecting a growth of RMB 9.32 billion or 1.73% from the previous year[66]. - The bank's total deposits amounted to RMB 327,616,719 thousand, reflecting an increase of RMB 6,042,504 thousand or 1.88% from RMB 321,574,215 thousand at the end of the previous year[83]. Loan and Deposit Growth - Customer deposits grew by 12% year-on-year, totaling RMB 120 billion[2]. - The total amount of loans and advances (excluding accrued interest) was RMB 316,481,914 thousand, up by 9.50% from RMB 289,027,668 thousand in the previous year[12]. - The total amount of loans and advances reached RMB 316.48 billion, with a non-performing loan amount of RMB 5,574,487 thousand, resulting in a non-performing loan rate of 1.76%[92]. - The total amount of corporate loans reached RMB 222.42 billion, with an increase of RMB 22.64 billion or 11.33% from the previous year[71]. - Personal loans totaled RMB 79.95 billion, representing 25.26% of total loans, with a year-on-year increase of RMB 3.81 billion or 5.00%[73]. Risk Management - The non-performing loan ratio remained stable at 1.5%, indicating effective risk management strategies[2]. - The non-performing loan ratio improved to 1.76% as of June 30, 2022, down from 1.85% at the end of 2021[13]. - The bank has identified no significant risks that could adversely affect its strategic development and operational goals[2]. - The bank's credit impairment losses were RMB 2.959 billion, an increase of RMB 0.548 billion or 22.75% year-on-year, primarily due to increased provisioning efforts[61]. - The bank has implemented various measures to enhance risk management, including a comprehensive credit risk management framework and improved risk monitoring systems[149]. Technology and Innovation - Investment in technology and digital banking solutions increased by 25%, focusing on improving customer experience[2]. - The bank aims to enhance its digital transformation and expand its services to rural areas through innovative products like the "Rural Revitalization" mobile banking app[26]. - The "Cloud Financing" platform provided financing exceeding RMB 21 billion to over 1,000 upstream and downstream clients[139]. - The "Cloud Logistics" platform facilitated nearly 1.25 million payment transactions, amounting to RMB 1.8 billion[140]. Shareholder Information - As of June 30, 2022, the total number of issued shares is 8,265,537,599, including 6,428,757,599 A-shares and 1,836,780,000 H-shares[167]. - The largest shareholder, Hong Kong Central Clearing Limited, holds 1,836,582,674 H-shares, representing 22.22% of total shares[172]. - The total number of ordinary shareholders reached 99,227, with 99,170 holding A-shares and 57 holding H-shares[171]. - The company did not conduct any share buybacks during the reporting period[165]. - The report indicates that there were no repurchase transactions among the top 10 ordinary shareholders during the reporting period[175]. Future Outlook - Future guidance indicates a target net profit growth of 12% for the full year 2022[2]. - The bank plans to expand its branch network by 20% in the next year to enhance customer service and market reach[2]. - The bank aims to enhance financial services for new citizens, with a dedicated loan balance of RMB 1.2 trillion by the end of June 2022[22]. - The bank plans to expand its market presence through strategic partnerships and new product offerings in the upcoming quarters[82].

Financial Performance - The bank's operating income for Q1 2022 was RMB 3,421,374,000, representing a 7.13% increase compared to RMB 3,193,708,000 in Q1 2021[3] - Net profit attributable to shareholders for Q1 2022 was RMB 1,166,426,000, a 3.66% increase from RMB 1,125,256,000 in the same period last year[3] - The bank's net profit for the first quarter of 2022 was RMB 1.22 billion, representing a year-on-year increase of 5.07%[19] - The total comprehensive income for the group was RMB 1,291,449 thousand, up from RMB 1,200,755 thousand in the same period last year, indicating a growth of approximately 7.56%[37] - The total profit for the group was RMB 1,504,566 thousand, compared to RMB 1,430,475 thousand in the previous year, representing an increase of about 5.18%[36] Asset and Liability Management - Total assets as of March 31, 2022, were RMB 575,109,347,000, a slight increase of 0.02% from RMB 574,979,662,000 at the end of 2021[6] - The bank's total liabilities were RMB 514,406,358,000, a decrease of 0.23% from RMB 515,568,122,000 at the end of 2021[6] - The bank's total liabilities as of March 31, 2022, included deposits from customers amounting to RMB 325,161,235 thousand, a slight increase from RMB 321,574,215 thousand as of December 31, 2021[32] - The total assets of the group amounted to RMB 575,109,347 thousand, a slight increase from RMB 574,979,662 thousand as of December 31, 2021[31] Loan and Credit Quality - The bank's total loans and advances amounted to RMB 306,544,896,000, reflecting a 6.06% increase from RMB 289,027,668,000 at the end of 2021[6] - The non-performing loan ratio was 1.80% as of March 31, 2022, a slight improvement from 1.85% at the end of 2021[10] - The non-performing loan ratio decreased to 1.80%, down by 0.05 percentage points from the beginning of the year[19] - The group's non-performing loan ratio remained stable, with credit impairment losses recorded at RMB 1,346,495 thousand for the three months ended March 31, 2022, compared to RMB 1,041,574 thousand for the same period in 2021[35] Capital Adequacy - The bank's core Tier 1 capital adequacy ratio was 9.36% as of March 31, 2022, down from 9.49% at the end of 2021[10] - The capital adequacy ratio as of March 31, 2022, was 14.55%, a decrease from 15.00% at the end of 2021[13] - The core tier 1 capital adequacy ratio was 9.36%, slightly down from 9.49% at the end of 2021[13] Income Sources - The bank's fee and commission income decreased by 30.12% year-on-year to RMB 268.61 million due to regulatory fee reduction policies[17] - Investment income surged by 385.60% year-on-year to RMB 131.90 million, attributed to changes in trading bond investments[17] - The bank's fee and commission income for the three months ended March 31, 2022, was RMB 232,520 thousand, down from RMB 341,752 thousand in the same period of 2021, reflecting a decline of approximately 31.9%[35] Cash Flow and Liquidity - The net cash flow from operating activities was RMB (19,460,535,000), a significant decline of 624.06% compared to RMB (2,687,681,000) in Q1 2021[3] - The total cash inflow from operating activities was RMB 14,993,150 thousand, a decrease from RMB 23,454,913 thousand in the same period last year, indicating a decline of approximately 36.06%[38] - The net cash inflow from investment activities was RMB 9,445,113 thousand, compared to RMB 120,184 thousand in the previous year[40] - The liquidity coverage ratio was reported at 253.97%, indicating strong liquidity management[15] Shareholder Information - The largest shareholder is Hong Kong Central Clearing Limited, holding 1,836,581,354 H shares, representing 22.22% of total shares[22] - Zhengzhou Finance Bureau holds 597,496,646 A shares, accounting for 7.23% of total shares, with 84,799,000 shares pledged[22] - Zhengzhou Investment Holding Company owns 449,810,819 A shares, which is 5.44% of total shares[22] - The total number of overseas preferred shareholders is 1, with The Bank of New York Depository holding 59,550,000 shares, representing 100% of the overseas preferred shares[27] Strategic Initiatives - The bank is advancing its digital transformation, enhancing customer data systems and risk management capabilities[20] - The bank has signed strategic cooperation agreements with 17 technology innovation enterprises, positioning itself as a key player in policy-driven financial operations in Henan Province[19] Other Financial Activities - In January 2022, the company transferred debt assets related to a legal dispute, as announced on January 26, 2022[28] - The company fully redeemed a 10-year secondary capital bond worth RMB 2 billion issued in March 2017 in March 2022[28] - The report indicates that the top 10 ordinary shareholders did not engage in any repurchase transactions during the reporting period[25] - The report is available on the Shenzhen Stock Exchange and the company's website, as well as on the Hong Kong Stock Exchange[29] - The report includes a detailed financial statement, which is attached to the announcement[30]