Financial Performance - Operating revenue for the first half of 2022 reached RMB 7,963,307 thousand, an increase of 9.47% compared to the same period in 2021[15]. - Net profit attributable to shareholders of the parent company was RMB 2,936,881 thousand, reflecting a slight increase of 0.52% year-on-year[15]. - The net cash flow from operating activities showed a significant decline, amounting to -RMB 5,610,412 thousand, a decrease of 69.22% compared to the previous year[15]. - The total assets as of June 30, 2022, were RMB 629,522,400 thousand, representing a growth of 3.42% from the end of 2021[15]. - The basic earnings per share decreased by 8.05% to RMB 0.80 compared to the same period last year[15]. - The bank's net profit attributable to shareholders was RMB 29.37 billion, a year-on-year increase of 0.52%[80]. - The bank achieved operating income of RMB 7,963.31 million, an increase of RMB 689.01 million or 9.47% year-on-year[80]. - The bank reported a net profit of CNY 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[186]. Risk Management - The company faces various risks including credit risk, liquidity risk, market risk, operational risk, compliance risk, information technology risk, reputation risk, and interest rate risk[3]. - The company has taken measures to effectively manage and control various operational risks[3]. - The bank's focus on credit risk management includes quarterly reviews of asset risk classification across all branches to ensure compliance and accuracy[113]. - The bank's risk management framework aims to maximize risk-adjusted returns while ensuring business safety and stability[127]. - The bank has strengthened its operational risk management through annual self-assessments and monitoring of key risk indicators[137]. - The bank's strategy includes enhancing monitoring of key sectors and clients to prevent loan deterioration and maintain overall asset quality[113]. Capital and Liquidity - The capital adequacy ratio improved to 14.03%, an increase of 0.07 percentage points compared to the end of 2021[16]. - The liquidity ratio improved to 102.24%, up from 89.13% at the end of 2021[18]. - The bank's net stable funding ratio is 102.11% as of June 30, 2022, indicating a stable funding position[24]. - The liquidity coverage ratio is 233.01%, significantly above the regulatory requirement, reflecting strong liquidity management[23]. - The bank's capital adequacy ratio stands at 12.5%, above the regulatory requirement of 10.5%[187]. Loan and Asset Quality - The non-performing loan ratio increased to 1.64%, up by 0.19 percentage points from the previous year[16]. - The bank's total loans reached RMB 268.87 billion, with a significant portion being pledged loans at 34.79%[72]. - The overdue loan balance increased to RMB 23.74 billion, representing 8.83% of the total loan amount, highlighting the impact of external economic pressures[110]. - The bank's loan impairment provision at the beginning of the period was RMB 10.04 billion, with a provision of RMB 2.42 billion during the period, resulting in an ending balance of RMB 11.26 billion[116]. - The bank's total non-performing loans were managed under the principle of "account write-off and rights retained for collection" to enhance recovery efforts[119]. Governance and Management - The board of directors approved the 2022 semi-annual report on August 26, 2022, with 9 out of 10 directors present[2]. - The independent directors actively participated in board meetings and provided independent opinions on key matters such as profit distribution and internal control evaluations[165]. - The bank's management team is responsible for executing the board's resolutions and managing business operations, with the president leading the team[177]. - The bank's leadership includes experienced professionals with backgrounds in banking and finance, enhancing its governance structure[180][181][182]. Green Finance Initiatives - The balance of green loans reached CNY 25.469 billion, an increase of CNY 2.72 billion from the beginning of the year[198]. - The overall environmental benefits from green loans include saving 81,432.48 tons of standard coal and reducing CO2 emissions by 406,724.12 tons[199]. - The company is actively exploring green asset management and has initiated the development of green ABS and ESG-themed financial products[198]. - Guiyin Bank has been recognized as a leading enterprise in green leasing for three consecutive years[199]. - The company aims to enhance its green financial services team and improve the proportion of green credit business[198]. Employee and Investor Relations - The company reported a total of 6,487 employees, with 5,745 in the parent company and 742 in major subsidiaries[196]. - The employee composition includes 1,620 in management, 4,521 in business roles, and 346 in support roles[196]. - During the reporting period, the company engaged with approximately 200 investors through various channels, including a 2021 online performance briefing[195]. - The company answered 43 investor inquiries online with a response rate of 100%[195]. - The company emphasizes investor relations management through multiple communication channels[195].

Financial Performance - The total operating income for 2021 was RMB 15,004,111, a decrease of 6.70% compared to RMB 16,081,403 in 2020[13]. - The operating profit for 2021 was RMB 6,795,707, reflecting a slight increase of 0.51% from RMB 6,761,379 in 2020[14]. - The net profit attributable to shareholders of the parent company was RMB 6,044,831, an increase of 2.07% from RMB 5,922,294 in 2020[14]. - The net cash flow from operating activities was RMB -14,113,981, a significant decrease of 208.36% compared to RMB 13,024,573 in 2020[14]. - The basic earnings per share, excluding non-recurring gains and losses, was CNY 1.75, down 6.86% from the previous period[15]. - The total operating income for Q4 was CNY 4.08 billion, with a net profit of CNY 1.69 billion[17]. - The total revenue from newly issued credit cards was CNY 351 million[60]. - The bank's total profit amounted to CNY 6.795 billion, slightly up from CNY 6.737 billion in the previous year[95]. - The company reported a significant increase in savings deposits by RMB 24.09 billion or 19.89% year-on-year[88]. - The bank's return on equity (ROE) was reported at 12%, an increase from 11% in the previous year[186]. Asset and Liability Management - The total assets increased by 3.05% to CNY 608.69 billion compared to the beginning of the period[15]. - The total liabilities rose by 1.54% to CNY 554.63 billion compared to the beginning of the period[15]. - The total amount of loans was RMB 254.99 billion, up from RMB 231.01 billion in the previous year[84]. - The total customer deposits reached RMB 359.74 billion, an increase of RMB 4.60 billion or 1.30% from the beginning of the year[88]. - The total risk-weighted assets amounted to RMB 453,700,424 thousand, up from RMB 423,668,285 thousand[22]. - The total capital adequacy ratio was reported at 13.96%, an increase from 13.81%[23]. - The bank's total assets reached CNY 1.1 trillion, with a focus on enhancing risk mitigation and loss absorption capabilities[105]. Risk Management - The company has faced various risks including credit risk, liquidity risk, and market risk, which are being effectively managed[3]. - The bank's credit risk management has been enhanced, with a steady growth in credit assets and stable asset quality[140]. - The bank's liquidity risk management strategy emphasizes "prudent operation, self-balancing, and liquidity first," integrating liquidity risk into the overall risk management framework[142]. - The bank's overall loan growth was RMB 23.98 billion, indicating a robust lending strategy amidst market challenges[119]. - The bank's non-performing loan ratio remained stable, with a focus on monitoring key clients and sectors to manage asset quality effectively[125]. Capital and Equity - The registered capital of the company is RMB 3,656,198,076[9]. - The total equity attributable to shareholders increased to RMB 52,347,880 thousand as of December 31, 2021, reflecting a growth of 21.90% from RMB 42,944,130 thousand in 2020[108]. - The core Tier 1 capital adequacy ratio improved to 10.62% in 2021 from 9.30% in 2020, demonstrating a significant enhancement in capital strength[154]. - The bank's core Tier 1 capital net amount as of December 31, 2021, was CNY 48,167.64 million, an increase from CNY 38,733.43 million in 2020, reflecting a growth of 24.0%[152]. Customer and Market Engagement - Retail customer count reached 11.8 million, an increase of 960,000 or 8.86% year-on-year[36]. - The bank actively supported 2781 private enterprises, with a loan balance of CNY 384.35 billion[47]. - The bank's user data indicates a steady growth in customer base, reflecting increased trust and engagement with its services[182]. - The bank aims to enhance its digital banking capabilities to better serve its clients and adapt to market trends[185]. Strategic Initiatives - A new five-year development strategy was implemented, emphasizing reform and digital transformation[32]. - The bank aims to achieve high-quality development by 2025, becoming a leading commercial bank in the western region and a key supporter of new development in Guizhou[164]. - The bank's strategic focus includes expanding its market presence and enhancing its risk management capabilities to adapt to changing market conditions[180]. - The bank is exploring potential mergers and acquisitions to enhance market presence in the region[188]. Governance and Compliance - The bank's governance structure is based on a modern corporate governance framework, which has been recognized for its effectiveness in recent rankings[72]. - The bank's governance practices align with regulatory requirements, enhancing operational transparency and stakeholder engagement[167]. - The bank's board includes a diverse group of professionals with backgrounds in finance, law, and public administration, enhancing its governance structure[181]. - The company strictly followed relevant laws and regulations for the convening of general meetings[175].

Financial Performance - The operating revenue for Q1 2022 was CNY 3,626,014 thousand, representing a 2.48% increase compared to CNY 3,538,120 thousand in the same period last year[4]. - The net profit attributable to shareholders of the parent company was CNY 1,590,152 thousand, a 1.18% increase from CNY 1,571,587 thousand year-on-year[4]. - The total profit for the period was RMB 1,775,032 thousand, down from RMB 1,810,823 thousand in the previous year, a decrease of about 2.0%[31]. - The comprehensive income totalled RMB 1,623,220 thousand, up from RMB 1,557,643 thousand year-over-year, indicating a growth of approximately 4.2%[31]. - The bank's interest income was RMB 7,046,431 thousand, compared to RMB 6,994,111 thousand in Q1 2021, reflecting an increase of about 0.7%[31]. - The bank's fee and commission income was RMB 250,495 thousand, down from RMB 275,439 thousand in the previous year, a decrease of approximately 9.0%[31]. Cash Flow - The net cash flow from operating activities was -CNY 7,709,952 thousand, a significant decrease of 493.95% compared to -CNY 1,298,084 thousand in the previous year[4]. - The total cash inflow from operating activities was RMB 8,725,834 thousand, down from RMB 15,844,068 thousand year-on-year[32]. - The cash flow from investment activities showed a net outflow of RMB 1,415,782 thousand, contrasting with a net inflow of RMB 6,538,699 thousand in the previous year[32]. - The cash inflow from financing activities was RMB 24,926,519 thousand, significantly higher than RMB 8,470,000 thousand in the same quarter of 2021[32]. - The net cash flow from financing activities was RMB 12,943,841 thousand, compared to a negative RMB 3,601,038 thousand in the first quarter of 2021[32]. - The total cash and cash equivalents at the end of the period amounted to RMB 18,504,223 thousand, down from RMB 29,280,266 thousand year-on-year[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 623,627,623 thousand, reflecting a 2.45% increase from CNY 608,686,846 thousand at the end of the previous year[4]. - The total liabilities increased to RMB 567.81 billion from RMB 554.63 billion, marking a rise of about 2.3%[30]. - The company reported a total equity of RMB 55.82 billion, up from RMB 54.06 billion, reflecting an increase of approximately 3.3%[30]. - As of March 31, 2022, total assets amounted to RMB 623.63 billion, an increase from RMB 608.69 billion at the end of 2021, reflecting a growth of approximately 2.3%[30]. Loans and Deposits - Total deposits reached RMB 369,578,198 thousand, an increase from RMB 359,743,868 thousand year-on-year[10]. - Retail loans amounted to RMB 47,390,904 thousand, slightly up from RMB 47,029,147 thousand year-on-year[10]. - The net increase in customer loans and advances was RMB (6,035,809) thousand, compared to RMB (7,795,587) thousand in the first quarter of 2021[32]. - Customer deposits reached RMB 377.50 billion, up from RMB 367.43 billion, indicating a growth of about 2.9%[30]. - Retail deposits increased by RMB 12.611 billion, or 8.69%, reaching RMB 157.785 billion, accounting for approximately 42.69% of total deposits[27]. Ratios and Returns - The weighted average return on equity for ordinary shareholders was 3.30%, down 18.72% from 4.06% in the same period last year[4]. - The total assets return remained stable at 0.27%, showing no change compared to the previous year[4]. - The net interest margin decreased to 2.02% from 2.12% year-on-year[10]. - The capital adequacy ratio improved to 14.19% compared to 14.00% at the end of 2021[11]. - The non-performing loan ratio was reported at 1.60%, up from 1.45% at the end of 2021[13]. - The coverage ratio for loan loss provisions was 260.25%, down from 271.03% at the end of 2021[13]. Investments and Acquisitions - The company acquired 24.4 million shares of Xifeng Development Village Bank, increasing its ownership to 37.4% after a capital increase of RMB 56 million[28]. - The company also acquired 20% of Guiyang Huaxi Construction Village Bank by purchasing 20 million shares, with the transaction completed on February 22, 2022[29]. - The company plans to establish a wholly-owned subsidiary for wealth management, pending regulatory approval[27]. - The company plans to continue expanding its market presence through strategic acquisitions and partnerships in the banking sector[28]. Operational Challenges - The net cash flow from operating activities for the first quarter of 2022 was a negative RMB 7,709,952 thousand, compared to a positive RMB 1,298,084 thousand in the same period of 2021[32]. - The bank's operating expenses increased to RMB (1,851,379) thousand from RMB (1,727,567) thousand, marking an increase of approximately 7.1%[31]. - Credit impairment losses rose to RMB (984,247) thousand, compared to RMB (856,573) thousand in the same quarter of 2021, an increase of about 14.9%[31]. - The company is closely monitoring ongoing litigation that may impact its financial position, ensuring compliance with legal and regulatory requirements[29].

Financial Performance - Operating income for Q3 2021 was CNY 3,652,183 thousand, a decrease of 0.70% compared to the same period last year[4] - Net profit attributable to shareholders of the parent company for Q3 2021 was CNY 1,429,138 thousand, down 0.39% year-on-year[4] - The company achieved an operating income of RMB 10.922 billion, a decrease of 6.69% year-on-year, primarily due to fluctuations in bond market interest rates and a narrowing net interest margin[26] - The net profit attributable to shareholders of the parent company was RMB 4.351 billion, reflecting a year-on-year growth of 2.01%[26] - Operating income for the first nine months of 2021 was RMB 11,912,360 thousand, an increase from RMB 10,921,872 thousand in the same period of 2020, representing an increase of approximately 9.1%[31] - Net profit for the first nine months of 2021 was RMB 4,455,522 thousand, compared to RMB 4,400,691 thousand in the same period of 2020, reflecting a growth of about 1.2%[31] - The total profit for the first nine months of 2021 was RMB 4,840,107 thousand, slightly higher than RMB 4,729,337 thousand in the same period of 2020, showing an increase of approximately 2.3%[31] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date (YTD) was CNY -4,347,282 thousand, indicating a significant decline[4] - The net increase in cash flow from operating activities was RMB (32,710,765) thousand, compared to RMB (27,170,173) thousand in the same period of 2020, indicating a decline in cash flow[32] - The net cash flow from financing activities was RMB (75,123,083) thousand, compared to RMB (82,350,288) thousand in the same period of 2020, indicating a reduction in cash outflow[32] Asset and Liability Management - Total assets as of September 30, 2021, reached CNY 597,126,174 thousand, an increase of 1.09% from the end of the previous year[4] - The bank's total assets amounted to RMB 597.126 billion as of September 30, 2021, compared to RMB 590.680 billion at the end of 2020[30] - Total liabilities were RMB 544.560 billion, a slight decrease from RMB 546.229 billion at the end of 2020[30] - The bank's equity attributable to shareholders reached RMB 50.954 billion, up from RMB 42.944 billion at the end of 2020[30] Capital Adequacy and Risk Management - The total capital net amount reached CNY 61,789,508,000, with a core tier 1 capital of CNY 46,911,236,000[10] - The capital adequacy ratio stands at 14.03%, while the tier 1 capital adequacy ratio is 11.78%[10] - The capital adequacy ratio was 14.03%, with the core tier 1 capital adequacy ratio at 10.62%, both showing increases from the beginning of the year[26] - The non-performing loan ratio is at 1.48%, with a provision coverage ratio of 275.70%[13] - The non-performing loan ratio was 1.48%, a decrease of 0.05 percentage points compared to the beginning of the year, indicating stable asset quality[26] - The provision coverage ratio stood at 275.70%, with a loan-to-deposit ratio of 4.08%[26] - The leverage ratio has improved to 8.01% as of September 30, 2021, compared to 6.52% at the end of 2020[14] Loan and Deposit Growth - Total deposits amounted to CNY 355,553,690 thousand, with corporate demand deposits at CNY 89,271,587 thousand[8] - The total loan and advance principal amounted to CNY 246,619,200 thousand, with corporate loans at CNY 199,144,394 thousand[9] - The total loan amount was RMB 246.619 billion, which increased by RMB 15.610 billion or 6.76% year-to-date[25] - The balance of corporate loans reached RMB 200.665 billion, growing by 7.87% year-to-date[26] - Retail deposits amounted to RMB 139.613 billion, up RMB 18.524 billion or 15.30% year-to-date, accounting for approximately 39% of total deposits[28] Shareholder Information - The company has a total of 78,860 shareholders, with the largest shareholder holding 12.82% of the shares[19] Strategic Initiatives - The company has implemented a strategy to manage non-performing loans effectively, maintaining a focus on asset quality[12] - The company actively supports key industries and strategic initiatives, with loans in the three major strategies and "four modernizations" totaling RMB 101.555 billion[26] - Agricultural loan balance reached RMB 113.703 billion, an increase of RMB 8.831 billion or 8.42% year-to-date[27] Customer Base and Wealth Management - Retail customer base grew to 11.6493 million, an increase of 810,100 customers since the beginning of the year[28] - Wealth management assets under management (AUM) reached RMB 163.514 billion, an increase of RMB 11.357 billion since the beginning of the year[28] Bond Issuance - The bank issued various bonds totaling RMB 590 million during the reporting period[27]

Financial Overview - The registered capital of Bank of Guiyang is RMB 3,656,198,076[9] - The financial data and indicators in the report are prepared according to Chinese accounting standards, with all figures presented in RMB[2] - The report was reviewed by Ernst & Young Hua Ming LLP, ensuring the accuracy and completeness of the financial statements[2] - Operating revenue for the first half of 2021 was RMB 7,269,689 thousand, a decrease of 9.43% compared to RMB 8,026,841 thousand in the same period of 2020[15] - Net profit attributable to shareholders of the parent company reached RMB 2,921,657 thousand, reflecting a growth of 3.23% from RMB 2,830,249 thousand in the previous year[15] - The total assets as of June 30, 2021, amounted to RMB 596,816,871 thousand, representing a 1.04% increase from RMB 590,680,344 thousand at the end of 2020[15] - The company's total capital net amount is RMB 60,169,844 thousand, with a core tier 1 capital of RMB 45,315,295 thousand as of June 30, 2021[20] - The bank's total assets as of June 30, 2021, were RMB 336 trillion, reflecting an 8.6% year-on-year growth[135] Risk Management - The company faces various risks including credit risk, liquidity risk, market risk, operational risk, compliance risk, information technology risk, reputation risk, and interest rate risk[4] - The company has taken measures to effectively manage and control various operational risks[4] - The non-performing loan ratio improved to 1.51% from 1.53% in the previous period, indicating a decrease of 0.02 percentage points[16] - The capital adequacy ratio increased to 13.82%, up by 0.94 percentage points from 12.88% at the end of 2020[16] - The bank's focus on credit risk prevention includes monitoring key industries and implementing early warning measures to manage potential risks effectively[106] - The bank maintained a liquidity risk management framework, achieving all liquidity indicators above regulatory requirements, with no liquidity risk events occurring during the year[121] - The bank's provisions for impairment were adequately accounted for, ensuring compliance and accuracy in risk management[120] Operational Performance - The net cash flow from operating activities was negative at RMB -18,225,289 thousand, a significant decline compared to RMB -9,864,699 thousand in the same period last year, indicating a decrease of 84.75%[15] - The basic earnings per share for the first half of 2021 was RMB 0.87, a slight decrease of 1.14% compared to RMB 0.88 in the same period of 2020[15] - The company's weighted average return on equity decreased to 7.16%, down by 0.90 percentage points from 8.06% in the previous year[15] - The bank's total liabilities decreased by 36.26% in repurchase agreements, reflecting a strategic reduction in this area[63] - The bank's total financial investments decreased to CNY 262.849 billion from CNY 273.028 billion, with debt investments making up 67.27% of the total[97] Corporate Governance - The board of directors approved the mid-year report on August 27, 2021, with all 14 directors present for the vote[2] - The company held one annual general meeting during the reporting period, approving 31 resolutions including financial budgets and profit distribution plans[140] - The board of directors participated in meetings with full attendance, ensuring effective governance and oversight[141] - The company emphasizes investor relations management through multiple communication channels, including investor hotlines and online platforms[158] - The company has received recognition for its corporate governance, being awarded "Best Corporate Governance City Commercial Bank" for two consecutive years[30] Strategic Initiatives - The company emphasizes innovation and digital transformation, increasing investment in financial technology to enhance service capabilities[28] - The bank aims to enhance digital transformation and improve risk management capabilities to support high-quality development[136] - The bank's strategy includes focusing on serving small and micro enterprises and enhancing governance and internal control systems[136] - The company plans to issue special financial bonds for small and micro enterprises to support market expansion[143] - The bank is actively pursuing technology development to enhance operational efficiency and customer service capabilities[186] Community Engagement - The company is actively involved in supporting local economic development, focusing on rural revitalization and digital economy initiatives[25] - The bank has conducted 1,056 financial knowledge promotion and training activities to enhance financial literacy among rural residents[172] - The bank is committed to green procurement, prioritizing energy-saving and environmentally friendly products in procurement processes[165] - The bank has initiated targeted financial support for key agricultural industries, focusing on sustainable development and poverty alleviation[169] Financial Health - The liquidity coverage ratio is reported at 209.51% for the consolidated entity as of June 30, 2021[22] - The net stable funding ratio is 106.03%, indicating a stable funding position[23] - The total available stable funding is RMB 371,934,447 thousand, while the required stable funding is RMB 350,793,195 thousand[23] - The bank's total equity increased by 13.62% to CNY 3.656 billion as of June 30, 2021, compared to CNY 3.218 billion at the end of 2020[93] Shareholder Information - The total number of ordinary shareholders reached 80,636, an increase from 78,319 in the previous month[191] - The bank's total share capital increased from 3,218,028,660 shares to 3,656,198,076 shares following a non-public issuance of A shares approved by the China Securities Regulatory Commission[189] - The largest shareholder, Guiyang State-owned Assets Management Company, holds 468,599,066 shares, accounting for 12.82% of total shares[192] - The bank's transactions with related parties were conducted under fair and reasonable terms, with no significant impact on its financial status[186]

Financial Performance - Operating income for 2020 reached RMB 16,081,403 thousand, an increase of 9.64% compared to RMB 14,668,044 thousand in 2019[21] - Net profit attributable to shareholders of the parent company was RMB 5,922,294 thousand, reflecting a 2.10% increase from RMB 5,800,431 thousand in the previous year[21] - The net cash flow from operating activities surged by 87.42% to RMB 13,024,573 thousand, compared to RMB 6,949,429 thousand in 2019[21] - Total assets as of December 31, 2020, amounted to RMB 590,680,344 thousand, a growth of 5.40% from RMB 560,399,290 thousand at the end of 2019[21] - The total assets of the company reached RMB 590.68 billion, an increase of 5.40% compared to the beginning of the year[39] - The company achieved an operating income of RMB 16.08 billion for the reporting period, representing a year-on-year growth of 9.64%[39] - The net profit attributable to shareholders of the parent company was RMB 5.92 billion, reflecting a year-on-year increase of 2.10%[39] Risk Management - The bank faces various risks including credit risk, liquidity risk, market risk, operational risk, compliance risk, information technology risk, reputation risk, and interest rate risk, with measures in place for effective management[7] - The report emphasizes that forward-looking statements do not constitute a commitment to investors, highlighting the importance of investment risk awareness[5] - The bank's risk management philosophy emphasizes prudence and compliance, aiming to maximize risk-adjusted returns while minimizing systemic risks[144] - The comprehensive risk management system includes a three-tier structure, ensuring clear responsibilities across different management levels[144] - The bank's liquidity risk management framework was enhanced, with all liquidity indicators meeting or exceeding regulatory requirements[152] - Market risk indicators were kept within the established risk appetite levels, indicating stable market risk management[152] - The bank implemented various measures to strengthen credit risk management, including annual credit business guidance and enhanced monitoring of risk assets[150] Capital and Equity - The company's registered capital is 3,218,028,660 RMB, with a recent non-public issuance of 438,169,416 shares pending regulatory approval[19] - The capital adequacy ratio decreased to 12.88%, down by 0.73 percentage points from 13.61% in the previous year[21] - The core Tier 1 capital adequacy ratio was 9.30%, while the total capital adequacy ratio was 12.88% as of December 31, 2020[29] - The total equity attributable to shareholders increased by 10.03% to RMB 42,944,130 thousand as of December 31, 2020, from RMB 39,028,717 thousand in 2019[118] - The bank's total equity increased by 10.23% to RMB 44,451,621 thousand in 2020, compared to RMB 40,327,183 thousand in 2019[118] Loans and Deposits - The total deposits amounted to CNY 355.15 billion, growing by 6.58% year-on-year[48] - The total loan balance was CNY 231.01 billion, with a growth rate of 12.95%, which is higher than the total asset growth rate[48] - The loan-to-deposit ratio improved to 65.05%, compared to 61.37% in 2019[27] - The balance of loans to private enterprises reached CNY 38.54 billion, while inclusive small and micro loans amounted to CNY 24.79 billion[50] - The bank's retail deposits exceeded CNY 100 billion, reaching CNY 121.09 billion, which accounted for 34.10% of total deposits, an increase of 4.84 percentage points from the beginning of the year[51] Dividend and Profit Distribution - The board of directors proposed a cash dividend of 3 RMB per 10 shares, totaling 1,096,859,422.8 RMB (including tax) to be distributed to shareholders[4] - The proposed cash dividend for 2020 is CNY 3 per 10 shares, totaling CNY 1.097 billion, which represents 10% of the net profit[172] - The cash dividend distribution plan accounts for 19.39% of the net profit attributable to ordinary shareholders, totaling 5.657 billion CNY, with a 9.92% increase compared to 2019[173] - The bank's cash dividend policy stipulates that at least 10% of the distributable profit will be allocated to shareholders annually[170] Operational Efficiency - The cost-to-income ratio decreased to 23.84%, down from 26.30% in 2019, indicating improved efficiency[27] - The bank's total outstanding wealth management products reached 87.866 billion RMB, a growth of 13.68% year-on-year[87] - The bank's operating income from Guizhou province was 14.015 billion RMB, representing 96.11% of total operating income[92] Corporate Governance - The board meeting for the approval of the annual report included 10 directors, with 9 attending in person[4] - The company operates under the supervision of the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission[12] - The bank's independent directors agree that the profit distribution plan aligns with regulatory requirements and supports sustainable business development while ensuring reasonable returns for investors[174] Community Support and Development - The company actively supported local economic development and poverty alleviation efforts, contributing RMB 10 million to pandemic relief efforts[41] - The bank supported 46 special bond projects, signing funding supervision agreements with 46 entities, and subscribed to special bonds worth CNY 2.88 billion[69] Related Party Transactions - The bank's total credit exposure to related parties amounts to approximately 1.195 billion CNY, with significant loans to Guizhou's state-owned asset management companies[186] - The estimated amount of related party transactions for 2020 is CNY 970 million with Guizhou Provincial State-owned Assets Investment Management Company, representing 22.83% of the audited net assets for 2019[188] - The total balance of related party transactions as of the end of 2020 is CNY 897.31 million, which is 26.36% of the audited net assets for 2019, amounting to CNY 34.036 billion[188]

Financial Performance - Net profit attributable to shareholders was RMB 1.57 billion, representing a year-on-year growth of 4.39%[4] - Operating income for the first quarter was RMB 3.54 billion, a decrease of 14.70% compared to the same period last year[4] - The weighted average return on equity for ordinary shareholders was 4.06%, down by 0.26 percentage points year-on-year[4] - The basic earnings per share for ordinary shareholders was RMB 0.49, up 4.26% year-on-year[4] - The net profit for the first quarter of 2021 was RMB 1,630,020 thousand, an increase from RMB 1,567,724 thousand in the same period of 2020, representing a growth of 3.9%[29] - The bank's operating income for Q1 2021 was RMB 3,538,120 thousand, down from RMB 4,148,020 thousand in Q1 2020, a decline of 14.7%[29] - The basic/diluted earnings per share for Q1 2021 were RMB 0.49, compared to RMB 0.47 in Q1 2020, indicating an increase of 4.3%[29] Assets and Liabilities - Total assets reached RMB 598.33 billion, an increase of 1.30% compared to the end of the previous year[4] - Total liabilities amounted to RMB 552.32 billion, an increase of 1.12% from the previous year[4] - The total assets of the bank as of March 31, 2021, were RMB 598,330,405 thousand, compared to RMB 590,680,344 thousand at the end of 2020, reflecting an increase of 1.1%[27] - The total liabilities increased to RMB 552,321,141 thousand as of March 31, 2021, from RMB 546,228,723 thousand at the end of 2020, marking a rise of 1.9%[27] Cash Flow - The net cash flow from operating activities was negative RMB 1.30 billion, an improvement of 75.60% compared to the same period last year[4] - The net cash flow from operating activities for the first quarter of 2021 was RMB (1,899,612) thousand, compared to RMB (5,319,932) thousand in the same period of 2020, indicating an improvement[31] - The total cash inflow from operating activities was RMB 13,226,093 thousand in Q1 2021, up from RMB 12,786,167 thousand in Q1 2020[31] - The net cash flow from investment activities was RMB 6,850,518 thousand in Q1 2021, a recovery from a net outflow of RMB (68,093) thousand in Q1 2020[31] - The cash inflow from financing activities decreased to RMB 8,470,000 thousand in Q1 2021, down from RMB 23,660,000 thousand in Q1 2020[31] - The net cash flow from financing activities was RMB (3,601,458) thousand in Q1 2021, compared to a net inflow of RMB 921,928 thousand in Q1 2020[31] - The total cash and cash equivalents at the end of Q1 2021 stood at RMB 28,420,816 thousand, an increase from RMB 24,804,395 thousand at the end of Q1 2020[31] Loans and Deposits - The total amount of deposits reached RMB 360.75 billion, with corporate demand deposits at RMB 106.66 billion[6] - The total loans amounted to CNY 238.60 billion, increasing by CNY 7.59 billion or 3.28% compared to the beginning of the year[19] - Retail deposits increased by CNY 16.13 billion or 13.32%, reaching CNY 137.22 billion, accounting for 38.04% of total deposits[20] - The total amount of loans classified as normal is CNY 228,202,642,000, accounting for 95.64% of total loans[13] - The loan-to-deposit ratio is 66.14%, compared to 65.05% at the end of 2019[9] Risk and Capital Management - The net interest margin decreased to 2.12% from 2.32% in the same period last year[6] - The capital adequacy ratio stood at 13.04%, slightly up from 12.98% at the end of the previous year[8] - The non-performing loan ratio is 1.52%, a decrease of 0.01 percentage points compared to the beginning of the year[9] - The provision coverage ratio is 273.83%, down from 277.30% at the end of 2020[9] - The leverage ratio is 6.92%, an increase from 6.52% at the end of 2020[11] - The liquidity ratio stands at 100.13%, up from 88.08% at the end of 2020[9] - The liquidity coverage ratio is 288.03%, with high-quality liquid assets amounting to CNY 109,650,806,000[12] Shareholder Information - The top ten shareholders hold a total of 468,599,066 shares, representing 14.56% of the total shares[14] - The total number of shareholders is 76,564[14] Customer Base and Services - The number of effective personal customers reached 2.4274 million, with wealth customers increasing by 18,000 to 291,900[20] - The company has initiated the construction of a retail data analysis application platform to enhance customer precision marketing and data analysis capabilities[20]

Financial Performance - Net profit attributable to shareholders of the parent company was CNY 4.26 billion, a decrease of 0.96% year-on-year[4] - Operating income for the first nine months was CNY 11.70 billion, up 8.18% from the same period last year[4] - The weighted average return on equity decreased to 12.07%, down 1.74 percentage points from the previous year[4] - Operating income for Q3 2020 was RMB 3,677,827 thousand, a decrease from RMB 4,055,951 thousand in Q3 2019, representing a decline of approximately 9.3%[29] - Net profit for Q3 2020 was RMB 1,459,381 thousand, down from RMB 1,686,694 thousand in Q3 2019, indicating a decrease of approximately 13.5%[29] - The bank's net profit for the first three quarters of 2020 is projected to be in line with the previous year's performance, with no significant changes expected[26] Asset and Liability Management - Total assets reached CNY 576.24 billion, an increase of 2.83% compared to the end of the previous year[4] - The total liabilities reached RMB 533.28 billion, up from RMB 520.07 billion at the end of 2019, indicating an increase of about 2.34%[28] - The total amount of loans classified as normal was 207,158,131 thousand yuan, accounting for 95.40% of total loans[12] - The total adjusted on-balance and off-balance sheet assets amounted to 596,631,834 thousand yuan as of September 30, 2020[10] Loan and Deposit Growth - Total loans and advances amounted to CNY 217.14 billion, an increase from CNY 204.52 billion year-on-year[6] - Total loans amounted to RMB 217.14 billion, up RMB 12.62 billion or 6.17% year-to-date[17] - Corporate loans balance reached RMB 171.96 billion, growing by 6.92% since the beginning of the year[18] - Loans to private enterprises increased to RMB 41.24 billion, reflecting an 8.15% rise from the end of last year[18] - Total deposits reached RMB 336.33 billion, an increase of RMB 3.09 billion or 0.93% year-to-date[17] - Customer deposits stood at RMB 341.70 billion, compared to RMB 337.58 billion at the end of 2019, reflecting a growth of approximately 0.63%[28] Risk Management - The non-performing loan ratio increased to 1.58% as of December 31, 2019, from 1.45%[9] - Non-performing loan ratio stood at 1.58%, showing a continuous decline over three consecutive quarters[18] - The coverage ratio for provisions was 300.09% as of December 31, 2019, compared to 291.86%[9] - The bank's non-performing loan ratio remains stable, with no significant changes reported during the period[26] Capital Adequacy - The capital adequacy ratio stood at 13.32%, slightly up from 13.30% at the end of the previous year[8] - The core Tier 1 capital ratio improved to 9.36%, compared to 9.19% at the end of the previous year[8] - The bank's capital adequacy ratio was reported at 13.5% as of Q3 2020, maintaining compliance with regulatory requirements[30] Operational Efficiency - The cost-to-income ratio decreased to 23.04%, down from 24.03% year-on-year[6] - The cost-to-income ratio was 23.04%, a decrease of 0.99 percentage points compared to the same period last year[17] - The bank's total operating expenses for Q3 2020 were RMB 2,128,550 thousand, an increase from RMB 2,079,051 thousand in Q3 2019, reflecting a rise of approximately 2.4%[29] Customer Base and Services - The number of retail customers reached 10.841 million, with an increase of 819,000 customers since the beginning of the year[20] - The wealth management customer base grew to 289,000, an increase of 18,900 customers, representing a growth of 7.00%[21] - The average assets under management (AUM) for wealth customers reached 146.368 billion RMB, an increase of 18.303 billion RMB, or 14.29% compared to the beginning of the year[21] - The bank's credit card activation rate was 87%, with an increasing customer value contribution rate of 12% compared to the previous quarter[21] Cash Flow and Investment Activities - The net cash flow from operating activities decreased by 37.73% to CNY 4.59 billion compared to the same period last year[4] - Operating cash flow for the first nine months of 2020 was RMB 4,586,259 thousand, a decrease from RMB 7,364,662 thousand in the same period of 2019[31] - Total cash inflow from operating activities was RMB 31,756,432 thousand, compared to RMB 51,105,344 thousand in the previous year, reflecting a decline of approximately 37.8%[31] - The bank's cash inflow from investment activities was RMB 1,778,176,218 thousand, while cash outflow was RMB (1,779,758,616) thousand, resulting in a net cash flow from investment activities of RMB (1,582,398) thousand[31]

Financial Performance - Operating income for the first half of 2020 reached RMB 8,026,841 thousand, an increase of 18.67% compared to RMB 6,764,140 thousand in the same period of 2019[14] - Net profit attributable to shareholders of the parent company was RMB 2,830,249 thousand, up 6.68% from RMB 2,652,934 thousand in the first half of 2019[14] - The total assets as of June 30, 2020, amounted to RMB 571,800,785 thousand, representing a growth of 2.03% from RMB 560,399,290 thousand at the end of 2019[14] - The basic earnings per share rose to RMB 0.88, reflecting a growth of 7.32% from RMB 0.82 in the same period last year[14] - The total equity attributable to shareholders of the parent company was RMB 40,510,563 thousand, up 3.80% from RMB 39,028,717 thousand at the end of 2019[14] - The bank's total operating income for the first half of 2020 was RMB 7.33 billion, a 17.43% increase from RMB 6.24 billion in the same period of 2019[50] - The bank's net profit attributable to shareholders was RMB 2,830,249 thousand, up from RMB 2,652,934 thousand in the same period last year, reflecting a growth of 6.68%[66] Risk Management - The company has taken measures to effectively manage and control various operational risks, including credit risk and liquidity risk[3] - The bank has implemented measures to manage credit risk, including optimizing the credit system and enhancing monitoring of large risk assets[93] - The bank's credit risk management has improved, with a focus on monitoring large non-performing loans and implementing tailored strategies for key industries and enterprises[107] - The liquidity risk management framework has been enhanced, with all liquidity indicators meeting or exceeding regulatory requirements, ensuring overall liquidity risk is controllable[109] - The bank's strategy includes actively managing non-performing loans through traditional methods and exploring new avenues such as internet-based litigation for asset disposal[93] Shareholder Information - The company distributed cash dividends of RMB 3.1 per 10 shares, totaling RMB 997,588,884.6 during the reporting period[2] - The total number of ordinary shares remained unchanged at 3,218,028,660 shares as of June 30, 2020, with 95.40% being freely tradable shares[175] - The top ten shareholders hold a total of 1,063,000,000 shares, representing 32.96% of the total shares[180] - The largest shareholder, Guiyang State-owned Assets Investment Management Company, holds 468,599,066 shares, accounting for 14.56% of the total[180] - The company has a total of 148,189,014 restricted shares, representing 4.60% of the total shares[175] Corporate Governance - The company is focused on enhancing corporate governance and protecting the rights of minority shareholders through independent director oversight[130] - The board held 2 regular meetings and 5 temporary meetings, approving 63 proposals including non-public issuance of A shares and the 2019 annual profit distribution plan[128] - The company has established a shareholder return plan for 2020-2022, reflecting its commitment to returning value to shareholders[132] - The company has maintained compliance with regulatory requirements for related party transactions, ensuring fair pricing and approval processes[158] Operational Highlights - The bank has established a comprehensive network covering all administrative regions in Guizhou Province, enhancing its market presence[25] - Continuous investment in financial technology is being made to support the transition towards digital and intelligent services[26] - The bank's customer base is strengthened by a long-term partnership with local industries, ensuring a stable client loyalty[25] - The bank's electronic channel business achieved a diversion rate of 97.63%, with mobile banking users reaching 4.2522 million, a growth of 9.66%[45] Community Engagement and Social Responsibility - The company has actively participated in poverty alleviation efforts, focusing on financial support for rural markets and projects[163] - The company provided targeted poverty alleviation loans totaling RMB 2,390.15 million, benefiting 2,419,527 impoverished individuals[166] - A total of 179 projects were supported with loans amounting to RMB 13.061 billion, helping over 20,000 registered poor households to escape poverty[164] - The company donated RMB 10 million to support COVID-19 relief efforts and issued RMB 500 million in special interbank certificates to aid pandemic response and economic recovery[168] Audit and Compliance - The report was reviewed by Ernst & Young Hua Ming LLP, ensuring the accuracy and completeness of the financial statements[2] - The external audit fee for the year was RMB 3.5 million, which includes RMB 3 million for financial report audits and RMB 0.5 million for internal control audits[146] - The company has not faced any significant legal or administrative penalties during the reporting period[150] Future Outlook - The company’s future plans and forward-looking statements do not constitute a commitment to investors, highlighting investment risks[2] - The bank aims to enhance its focus on small and micro enterprises, agriculture, and rural areas, increasing support in these sectors[120] - The bank plans to leverage opportunities from national strategic initiatives, including ecological and digital economy development in Guizhou province[121]