公司代码：601128 公司简称：常熟银行 江苏常熟农村商业银行股份有限公司 2018 年年度报告 7X24小时全国服务热线 4009-962000 ✆ 962000 (江苏) @ www.csrcbank.com 1/171 2018 年年度报告 重要提示 1、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、未出席董事情况 | --- | --- | --- | --- | |----------------|----------------|----------------------|--------------| | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | 董事 | 赵海慧 | 公务原因 | 杨玉光 | | 董事 | 孟施何 | 公务原因 | 杨玉光 | | 董事 | 戴叙明 | 公务原因 | 王春华 | 3、立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 4、公司负责人宋建明、行长庄广强、主管会计工作负责人薛文及会计机构 ...

Financial Performance - Net profit attributable to shareholders was RMB 1,119,948 thousand, representing a growth of 25.32% year-on-year[7]. - Basic earnings per share increased to RMB 0.50, up 25.00% from RMB 0.40 in the same period last year[7]. - The company reported a total revenue of RMB 4,279,796 thousand, reflecting an 18.27% increase year-on-year[7]. - Net profit attributable to shareholders increased by 93.18% to RMB 1,428,010 thousand, driven by higher investment income and fair value gains[14]. - The bank's comprehensive income totalled RMB 1,514,896 thousand, a 92.93% increase, primarily due to fair value gains on available-for-sale bonds[14]. - Net profit for the first three quarters reached CNY 1,206,834 thousand, a 28.5% increase compared to CNY 939,640 thousand in the same period last year[31]. - Net profit for the first nine months of 2018 was CNY 1,015,229 thousand, up 19.8% from CNY 847,626 thousand in the same period of 2017[34]. Asset and Liability Growth - Total assets reached RMB 164,775,171 thousand, an increase of 13.00% compared to the end of the previous year[6]. - The bank's total liabilities rose to RMB 151,943,029 thousand, an increase of 12.78% from RMB 134,715,996 thousand at the end of the previous year[25]. - Total assets increased to CNY 154,475,316 thousand, up from CNY 137,642,674 thousand at the beginning of the year, representing a growth of approximately 12.5%[26]. - The bank's total liabilities rose to CNY 142,513,030 thousand, an increase of 11.9% from CNY 127,254,511 thousand at the beginning of the year[27]. - Total deposits reached RMB 114,542,651 thousand, a rise of 15.73% compared to RMB 99,004,967 thousand at the end of the previous year[17]. - The bank's customer deposits increased to CNY 105,282,064 thousand, up 15.3% from CNY 91,316,286 thousand at the beginning of the year[27]. Cash Flow and Investment - Net cash flow from operating activities was RMB 997,150 thousand, a significant recovery from a negative cash flow of RMB -6,268,095 thousand in the previous year[6]. - Cash flow from operating activities generated a net inflow of CNY 997,150 thousand in the first nine months of 2018, a significant recovery from a net outflow of CNY 6,268,095 thousand in the same period of 2017[35]. - The company reported a net cash outflow from investing activities of CNY 6,217,458 thousand in the first nine months of 2018, slightly worse than the outflow of CNY 6,067,199 thousand in the same period of 2017[36]. - Cash inflow from investment activities was 51,042,055, down from 106,405,034 year-over-year[39]. - Net cash flow from investment activities was -6,189,665, slightly worse than -6,036,399 in the previous year[39]. Capital and Risk Management - The weighted average return on equity rose to 9.71%, an increase of 0.82 percentage points compared to the previous year[7]. - Core Tier 1 capital adequacy ratio improved to 10.03%, up from 9.88% at the end of the previous year[18]. - Non-performing loan ratio decreased to 1.00%, down from 1.14% at the end of the previous year, indicating improved asset quality[20]. - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place[31]. - The bank's capital adequacy ratio remains strong, supporting future growth and expansion plans[31]. Shareholder Information - The number of shareholders reached 59,829, indicating a stable shareholder base[10]. - The company has a total of 200,045,824 shares held by the largest shareholder, accounting for 9.00% of total shares[10]. Investment Income - Investment income surged by 197.95% to RMB 180,673 thousand, attributed to increased returns from funds and other investments[14]. - The bank reported a significant increase in investment income, reaching CNY 180,673 thousand for the first three quarters, compared to CNY 60,639 thousand in the previous year[31]. Digital Banking and Market Strategy - The bank is focusing on enhancing its digital banking services and expanding its market presence through strategic partnerships and technology investments[31].

Financial Performance - The company's operating income for the first half of 2018 was CNY 2,746,922 thousand, representing a 16.30% increase compared to CNY 2,361,995 thousand in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2018 was CNY 711,132 thousand, a 24.55% increase from CNY 570,954 thousand year-on-year[22]. - Basic earnings per share for the first half of 2018 were CNY 0.32, up 23.08% from CNY 0.26 in the same period last year[23]. - The weighted average return on equity increased to 6.27%, up 0.56 percentage points from 5.71% in the previous year[23]. - The company reported a net cash flow from operating activities of CNY 5,063,761 thousand, a significant recovery from a negative cash flow of CNY -5,508,224 thousand in the same period last year[22]. - Total operating income amounted to 2,746.92 million RMB, compared to 2,361.99 million RMB in the previous period, indicating a significant increase[60]. - The company's net profit for the reporting period reached 711.32 million RMB, an increase of 140.18 million RMB, representing a year-on-year growth of 24.55%[59]. Asset and Liability Management - The net assets attributable to shareholders at the end of the reporting period reached CNY 11,642,773 thousand, an increase of 11.22% from CNY 10,468,055 thousand at the end of the previous year[22]. - Total assets at the end of the reporting period were CNY 163,289,318 thousand, reflecting an 11.98% increase from CNY 145,824,683 thousand at the end of the previous year[22]. - Total liabilities amounted to CNY 150,957,006 thousand, up from CNY 134,715,996 thousand in 2017, reflecting a growth of about 12.0%[102]. - Total deposits reached CNY 112,717,570 thousand, a significant increase from CNY 99,004,967 thousand in 2017, indicating a growth of around 13.8%[102]. - Total loans amounted to CNY 87,301,093 thousand, up from CNY 77,811,115 thousand in 2017, representing an increase of approximately 12.7%[102]. Risk Management - The company has not reported any foreseeable major risks, indicating effective risk management measures are in place[7]. - The bank faces potential risks including credit risk, liquidity risk, market risk, operational risk, and information technology risk, which could impact its financial performance[96][97]. - The provision coverage ratio increased to 386.31% as of June 30, 2018, compared to 325.93% at the end of 2017, indicating stronger provisions against potential loan losses[110]. - The bank has established a liquidity risk management framework, monitoring liquidity indicators monthly and daily to ensure liquidity safety[138]. - The bank's credit risk management includes a differentiated credit policy and an internal rating system for corporate clients to enhance risk assessment[136]. Operational Efficiency - The cost-to-income ratio improved to 36.21% in the first half of 2018, down from 37.14% in the same period of 2017, showing better operational efficiency[110]. - The non-performing loan ratio improved to 1.01%, a decrease of 0.13 percentage points from the beginning of the year[32]. - The bank's net interest margin was reported at 2.87% for the first half of 2018, down from 3.22% in the same period of 2017[110]. Strategic Initiatives - The company plans to continue expanding its market presence and enhancing its product offerings through strategic investments and innovations[68]. - The company is accelerating its retail banking transformation and increasing investment in financial technology[29]. - The company has established village banks and branches in underdeveloped regions to alleviate local financial supply shortages[163]. - The company has committed to supporting rural revitalization and financial poverty alleviation initiatives, focusing on new strategies and collaborations with charitable organizations[168]. Shareholder Information - The total number of shares before the change was 2,222,727,969, with a breakdown of 1,232,213,563 restricted shares (55.44%) and 990,514,406 unrestricted shares (44.56%) [182]. - The company has a total of 200,045,824 shares with limited sale conditions that will become tradable on October 9, 2019[192]. - The company has no controlling shareholder or actual controller[193]. - The company reported a total of 1,385 pending lawsuits as of June 30, 2018, involving 1,313 parties, with a total amount of 989 million RMB[154]. Community Engagement - The company actively engages in poverty alleviation by providing personal operating loans to "three rural" clients, enhancing financial support in underdeveloped areas[163]. - As of June 30, 2018, the company issued operating loans totaling RMB 7.097 billion in 22 poverty-stricken counties, helping 37,000 households achieve self-sufficiency and creating approximately 56,000 jobs[167]. - The company paid local taxes amounting to RMB 42.7 million in the first half of 2018, contributing significantly to the fiscal revenue of impoverished areas[167].

Financial Performance - Net profit attributable to shareholders reached RMB 369,330 thousand, a growth of 16.76% year-on-year[7] - Operating income for the quarter was RMB 1,289,231 thousand, reflecting a 12.50% increase compared to the same period last year[7] - Basic earnings per share rose to RMB 0.17, representing a 21.43% increase from RMB 0.14 in the previous year[8] - Net profit for the first quarter was CNY 400,821 thousand, up from CNY 335,435 thousand, reflecting a year-over-year increase of about 19.5%[32] - The total operating income for the first quarter was CNY 1,289,231 thousand, up from CNY 1,145,941 thousand, representing an increase of about 12.5%[32] - The total profit for Q1 2018 was RMB 435,137 thousand, compared to RMB 383,117 thousand in the previous year, marking an increase of 13.63%[36] - Basic earnings per share increased to RMB 0.15 from RMB 0.14, reflecting a growth of 7.14%[36] Asset and Liability Growth - Total assets increased to RMB 152,105,525 thousand, up 4.31% from the previous year[7] - The total liabilities increased to CNY 139,904,487 thousand from CNY 134,715,996 thousand, showing a growth of about 3.2%[29] - The bank's equity attributable to shareholders increased to CNY 11,538,199 thousand from CNY 10,468,055 thousand, a rise of about 10.2%[29] Cash Flow and Deposits - Net cash flow from operating activities was RMB 6,453,220 thousand, a significant recovery from a negative cash flow of RMB -1,224,896 thousand in the same period last year[7] - The net increase in customer deposits and interbank placements was RMB 12,312,861 thousand, significantly higher than RMB 5,346,839 thousand in the previous year, indicating a growth of 130.63%[37] - Customer deposits grew to CNY 110,172,588 thousand, up from CNY 99,004,967 thousand, indicating an increase of approximately 11.8%[29] - The net cash and cash equivalents at the end of the period stood at RMB 9,750,324 thousand, up from RMB 6,830,806 thousand, indicating a growth of 42.03%[38] Capital and Asset Quality - The bank's core tier 1 capital adequacy ratio improved to 10.54%, up from 9.88% in the previous year, indicating stronger capital position[22] - The non-performing loan ratio decreased to 1.08% from 1.14%, suggesting improved asset quality[24] Income Sources - Net income from fees and commissions increased by 37.74% to 124,860,000 RMB, driven by growth in investment banking and asset management fees[16] - Net interest income rose to CNY 1,135,745 thousand, compared to CNY 1,040,280 thousand in the previous period, marking an increase of approximately 9.2%[32] Other Financial Metrics - The weighted average return on equity increased to 3.32%, up 0.15 percentage points from the previous year[7] - The bank's cost-to-income ratio was reported at 38.68%, slightly up from 37.14%, indicating a need for efficiency improvements[24] - The comprehensive income total increased by 68.11% to 451,017,000 RMB, primarily due to the rise in the fair value of available-for-sale bonds[16] - The bank's other comprehensive income showed a net gain of CNY 50,196 thousand, compared to a loss of CNY 67,150 thousand in the previous period[34] Strategic Developments - The bank successfully issued 3 billion RMB of convertible bonds on January 19, 2018, enhancing its capital structure[18] - The bank opened a new branch in Zhenjiang, expanding its market presence[18]

Financial Performance - The total operating income for 2017 was RMB 4,996,733,000, representing an increase of 11.65% compared to RMB 4,475,246,000 in 2016[25]. - The net profit attributable to shareholders for 2017 was RMB 1,264,295,000, a 21.51% increase from RMB 1,040,505,000 in 2016[25]. - The basic earnings per share for 2017 was RMB 0.57, up 11.76% from RMB 0.51 in 2016[24]. - The weighted average return on equity for 2017 was 12.52%, an increase of 0.61 percentage points from 11.91% in 2016[24]. - The total assets at the end of 2017 reached RMB 145,824,683,000, a 12.19% increase from RMB 129,981,520,000 at the end of 2016[25]. - The net profit attributable to the parent company's shareholders reached 1.264 billion yuan, an increase of 224 million yuan, representing a year-on-year growth of 21.51%[78]. - Net profit for 2017 reached CNY 1.26 billion, a 21.5% increase compared to CNY 1.04 billion in 2016[134]. - The net profit margin after regular gains and losses for 2017 was 0.96%, an increase from 0.88% in 2016[135]. Asset and Loan Management - The total loans increased to CNY 77.81 billion, reflecting a growth of CNY 11.39 billion or 17.15% from the start of the year[46]. - The bank's total loans amounted to CNY 77.81 billion in 2017, up from CNY 66.42 billion in 2016, reflecting a growth of approximately 17.3%[126]. - The balance of personal loans reached 37.164 billion yuan, accounting for 47.76% of total loans, up from 44.62% in the previous period[61]. - The balance of corporate loans was 36.057 billion yuan, representing 46.34% of total loans, a slight decrease from 47.42%[61]. - The total amount of loans at the end of the period was 77,811,115 thousand RMB, an increase from 66,419,172 thousand RMB at the beginning of the period[149]. - The proportion of personal loans increased to 47.75% at the end of the period, up from 44.61% at the beginning of the period[149]. Risk Management - The company has taken measures to manage various risks, including credit risk, market risk, liquidity risk, and operational risk[7]. - The company’s risk management framework is comprehensive, focusing on proactive risk identification and control, which supports its operational efficiency[39]. - The non-performing loan ratio improved to 1.14%, down 0.26 percentage points from the beginning of the year[46]. - The non-performing loan ratio improved to 1.14% in 2017, down from 1.40% in 2016[135]. - The provision coverage ratio significantly increased to 325.93% in 2017 from 234.83% in 2016, indicating stronger risk management[135]. Branch and Market Expansion - The company established 37 branches in 9 cities within Jiangsu province, including 6 branches in other locations, enhancing its regional market presence[37]. - The bank opened two new branches in Taizhou and Suzhou, increasing the total number of branches to 145, covering 70% of Jiangsu province[45]. - The retail banking segment contributed 43% to the operating profit, an increase of 19.43 percentage points compared to the previous year, indicating a strong transformation towards retail banking[36]. Technological Advancements - The number of mobile banking users increased by 86%, and the number of active accounts grew 2.2 times, showcasing the success of digital transformation efforts[43]. - The company has set up a financial technology laboratory and a big data research center to enhance its technological capabilities and improve customer service[43]. - The company has developed a new mobile banking platform and third-party payment solutions to enhance retail financial services[176]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares, totaling RMB 400,091,034.42, pending shareholder approval[5]. - The company aims to ensure that cash dividends over the last three years account for at least 30% of the average distributable profit[180]. - The company plans to allocate 10% of the annual net profit, amounting to RMB 120,486,605.49, to statutory surplus reserves[182]. - A general risk reserve of RMB 361,459,816.46 will be set aside, which is 30% of the annual net profit[182]. Financial Commitments and Liabilities - The total liabilities increased significantly, with bonds payable rising to 20.357 billion yuan, a 191.20% increase from 6.991 billion yuan[76]. - The bank's total financial commitments include unused credit card limits of CNY 5.378 billion, an increase from CNY 4.089 billion at the beginning of the period[165]. Regulatory Compliance and Governance - The company has committed to not transferring or managing shares held by major shareholders for specified lock-up periods[188]. - The company has appointed Lixin Accounting Firm as its auditor for a period of 4 years, with an audit fee of 1,000 thousand RMB[197]. - There are no significant litigation or arbitration matters reported for the current year[198]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[196]. - The company has not encountered any major accounting errors that require correction during the reporting period[196]. Miscellaneous - The company received government subsidies amounting to 54,515 thousand RMB, which are now classified under other income instead of non-operating income[195]. - The company has made changes to its accounting policies, including the reclassification of certain income items, which resulted in a decrease of 12,765 thousand RMB in non-operating income for 2017[195]. - The company has written off 696 million yuan of the pending lawsuit assets, with an impairment provision of 130 million yuan for the unrecognized portion[199].

Financial Performance - Net profit attributable to shareholders was RMB 893,641 thousand, representing a growth of 15.29% year-on-year[9]. - Operating income for the period was RMB 3,618,774 thousand, up 11.37% from the same period last year[8]. - Basic earnings per share increased to RMB 0.40, a rise of 2.56% compared to the previous year[9]. - Net income from fees and commissions increased by 41.55% to 292,671 thousand RMB, driven by growth in investment banking and asset management fees[15]. - Net profit for the first nine months reached CNY 939.64 million, up from CNY 805.02 million, reflecting a year-over-year increase of about 16.7%[32]. - Basic earnings per share for the first nine months were CNY 0.40, compared to CNY 0.39 in the previous year, reflecting a slight increase of 2.6%[33]. - Net profit for the first nine months of 2017 was CNY 847,626, up 12.3% from CNY 754,620 in the same period last year[35]. - Basic earnings per share for Q3 2017 was CNY 0.14, up from CNY 0.12 in Q3 2016[35]. Asset and Liability Management - Total assets reached RMB 142,409,246 thousand, an increase of 9.56% compared to the end of the previous year[8]. - Total deposits reached 98,918,993 thousand RMB, up from 88,810,115 thousand RMB, with corporate demand deposits increasing to 29,556,824 thousand RMB from 23,090,893 thousand RMB[24]. - Total loans amounted to 74,850,365 thousand RMB, an increase from 66,419,172 thousand RMB, with corporate loans rising to 36,931,430 thousand RMB from 31,500,805 thousand RMB[24]. - Total liabilities rose to CNY 131.59 billion from CNY 119.55 billion, indicating an increase of about 10.1% year-over-year[28]. - The bank's total liabilities included an increase in bonds payable by 175.63% to 19,268,404 thousand RMB, reflecting a rise in issued interbank certificates[24]. - The bank's total capital net amount reached 12,778,934 thousand RMB, up from 11,553,713 thousand RMB[21]. Operational Efficiency - The weighted average return on equity decreased by 0.27 percentage points to 8.89%[9]. - The bank's cost-to-income ratio improved to 36.30% from 37.40%, indicating better operational efficiency[24]. - The bank's operating expenses for the first nine months totaled CNY 2.42 billion, compared to CNY 2.22 billion in the previous year, representing an increase of about 9.0%[32]. Cash Flow and Investment - Cash flow from operating activities showed a net outflow of RMB -6,268,095 thousand, a decline of 205.15% year-on-year[8]. - The net cash flow from operating activities for the first nine months of 2017 was negative at CNY -6,006,722, compared to a positive CNY 6,696,607 in the same period last year[39]. - Investment activities resulted in a net cash outflow of CNY -6,036,399 for the first nine months of 2017, compared to CNY -8,355,362 in the same period last year[40]. - The bank issued bonds that generated CNY 71,937,239 in cash inflow during Q3 2017, significantly higher than CNY 30,774,185 in Q3 2016[38]. Shareholder Information - The total number of shareholders reached 54,154 by the end of the reporting period[12]. - The top shareholder, Bank of Communications Co., Ltd., held 200,045,824 shares, accounting for 9.00% of total shares[12]. Government Support and Non-Recurring Items - The company received government subsidies amounting to RMB 15,606 thousand during the reporting period[11]. - The company reported a decrease in non-recurring gains and losses, with a total impact of RMB -447 thousand for the current period[11]. Quality of Assets - The non-performing loan ratio improved to 1.23% from 1.40% year-on-year, indicating better asset quality[24]. - The bank's investment income decreased by 44.09% to 60,639 thousand RMB due to reduced bond price spreads[16]. - The bank's investment income for the first nine months was CNY 60.64 million, down from CNY 108.45 million, indicating a decrease of approximately 44.1%[32].