Financial Performance - Total operating income for the first half of 2022 was CNY 2,084,573,000, representing a 6.37% increase compared to the same period last year[15]. - Net profit for the first half of 2022 reached CNY 843,934,000, up 21.28% year-on-year[15]. - Basic earnings per share for the reporting period (January to June) increased to 0.47 CNY, up 20.51% from 0.39 CNY in the same period last year[18]. - Diluted earnings per share rose to 0.42 CNY, reflecting a 20.00% increase compared to 0.35 CNY year-over-year[18]. - The weighted average return on equity improved to 6.19%, an increase of 0.53 percentage points from 5.66% in the previous year[18]. - Total profit for the first half of 2022 was ¥1,002,452, marking a significant increase of 26.60% compared to ¥791,823 in the first half of 2021[36]. - Net profit attributable to shareholders reached CNY 840 million, up CNY 145 million, or 20.89% year-on-year[35]. Asset and Liability Management - Total assets as of June 30, 2022, amounted to CNY 170,268,083,000, reflecting a 7.27% increase from the end of the previous year[16]. - Total liabilities increased to CNY 156,466,188,000 yuan, up from 145,456,427,000 yuan, indicating an increase of about 7.0%[157]. - The bank's total net capital reached 15,364,417 thousand CNY, an increase from 15,064,010 thousand CNY year-over-year[21]. - The capital adequacy ratio stood at 12.63%, slightly down from 12.81% at the end of the previous year[21]. - The bank's total liabilities decreased by 2.79% to CNY 9,532,747 thousand, with interbank deposits showing a decline of 3.66%[68]. Loan and Deposit Growth - Total deposits reached CNY 130,198,451,000, marking a 6.17% increase compared to the previous year[16]. - Total loans increased to CNY 104,442,132,000, which is a 9.64% rise year-on-year[16]. - Retail savings deposits grew to CNY 61.17 billion, an increase of CNY 7.96 billion, or 14.00% from the beginning of the year[30]. - The total loan balance reached CNY 104,442,132, an increase of 9.64% from CNY 95,261,263 at the beginning of the period[54]. - Corporate loans accounted for 60.71% of the total loan balance, increasing from 60.39% year-over-year[54]. Risk Management - The company has effectively managed various risks, including credit risk, market risk, liquidity risk, and operational risk[5]. - The bank does not foresee any significant risks that could impact its operations in the near future[5]. - The non-performing loan ratio decreased to 0.95%, down from 0.98% in the previous year, indicating improved asset quality[18]. - The provision coverage ratio increased to 436.25%, up 24.03 percentage points year-to-date, indicating enhanced asset quality[35]. - The bank's loan loss provisions increased to CNY 4,130,771, reflecting a proactive approach to risk management[59]. Operational Efficiency - The cost-to-income ratio improved to 29.76%, down from 31.32% in the previous year, indicating better operational efficiency[18]. - The bank's net interest margin was recorded at 2.02%, down from 2.13% in the previous year, reflecting competitive market conditions[18]. - The company reported a significant improvement in cash flow from operating activities, with a net cash flow of CNY 3,126,674,000[15]. - Cash flow from operating activities generated a net inflow of RMB 3,126,674, a significant recovery from a net outflow of RMB 3,606,794 in the previous year[174]. Strategic Initiatives - The bank aims to enhance support for small and micro enterprises and promote green finance as part of its strategic goals[25]. - The company launched a new supply chain finance product to meet the financial needs of corporate clients[29]. - The bank successfully issued the first green + rural revitalization debt financing plan in the province, enhancing its market innovation position[89]. - The company has actively developed online financial products to enhance service efficiency and reduce resource consumption[97]. - The company has integrated ESG principles into its management practices to enhance governance and reduce risks[97]. Shareholder Information - Total number of common shareholders as of the end of the reporting period is 35,560[124]. - The top shareholder, Hengtong Group Co., Ltd., holds 124,959,048 shares, representing 6.93% of total shares[124]. - The report indicates that there were no changes in the number of shares held by the top shareholders during the reporting period[124]. - The company has not disclosed any relationships or concerted actions among the top shareholders[127]. Legal and Compliance - As of June 30, 2022, the company has 110 pending lawsuits as the plaintiff, involving a total amount of RMB 212.51 million[107]. - The bank has completed self-inspection and rectification work for compliance risk management during the reporting period[87]. - The bank's financial statements are prepared based on the assumption of going concern, with no significant doubts regarding its ability to continue operations[198].

1 证券代码：603323 证券简称：苏农银行 公告编号：2022-026 江苏苏州农村商业银行股份有限公司 关于接待机构投资者调研情况的公告 江苏苏州农村商业银行股份有限公司(以下简称"本行")董事会及全体董事 保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 真实性、准确性和完整性承担个别及连带责任。 本行于 2022 年 4 月 1 日至 2022 年 6 月 30 日期间，通过现场及电话会议等 交流形式共接待投资者调研 23 场次，现将主要情况公告如下： | --- | --- | --- | --- | |-------|------------------------------|--------------|------------------------------------------------------------------------------------------------------------------------| | 序号 | 调研时间 | 调研类别 | 参与单位名称 | | 1 | 2022 年 4 月 28 日 | 特定对象调研 | 天 ...

Financial Performance - The company's operating income for Q1 2022 was CNY 977,535,000, representing a year-on-year increase of 6.35%[7] - The net profit attributable to shareholders for Q1 2022 was CNY 308,367,000, reflecting a growth of 21.36% compared to the same period last year[7] - The basic earnings per share for Q1 2022 was CNY 0.17, up by 21.43% year-on-year[7] - Total operating revenue for Q1 2022 was 977,535, an increase from 919,210 in Q1 2021, representing a growth of approximately 6.7%[27] - Net interest income for Q1 2022 reached 820,654, up from 777,452 in Q1 2021, indicating a year-over-year increase of about 5.5%[27] - The company reported a basic earnings per share of 0.17 for Q1 2022, up from 0.14 in Q1 2021, indicating a growth of about 21.4%[28] - The company’s investment income for Q1 2022 was 112,439, significantly higher than 54,403 in Q1 2021, representing an increase of approximately 106.5%[27] - The total comprehensive income for Q1 2022 was 372,242, compared to 344,485 in Q1 2021, reflecting an increase of about 8.1%[28] Cash Flow and Liquidity - The net cash flow from operating activities increased by 44.35% to CNY 798,683,000 in Q1 2022[7] - Net cash flow from operating activities for Q1 2022 was 798,683, an increase of 44.4% compared to 553,291 in Q1 2021[30] - Total cash inflow from investment activities was 28,107,905, up from 19,253,224 in the previous year, representing a growth of 46.0%[30] - Net cash flow from investment activities was -1,886,583, an improvement from -2,773,461 in Q1 2021[30] - Cash inflow from financing activities totaled 2,780,000, a decrease of 48.7% compared to 5,422,744 in Q1 2021[30] - Net cash flow from financing activities was 600,228, down 42.3% from 1,042,555 in the same quarter last year[30] - The net increase in cash and cash equivalents was -484,216, compared to -1,182,990 in Q1 2021, showing a significant reduction in cash outflow[30] - The balance of cash and cash equivalents at the end of the period was 3,609,864, down from 4,621,252 at the end of Q1 2021[30] Assets and Liabilities - Total assets at the end of Q1 2022 reached CNY 163,942,607,000, a 3.29% increase from the end of the previous year[7] - Total assets as of March 31, 2022, amounted to 163,942,607, an increase from 158,724,694 as of December 31, 2021, showing a growth of about 3.9%[23] - Total liabilities rose to RMB 150,302,095 thousand, reflecting a 3.33% increase from RMB 145,456,427 thousand[17] - Total liabilities increased to 150,302,095 as of March 31, 2022, compared to 145,456,427 at the end of 2021, marking an increase of approximately 4.0%[23] - Total deposits reached RMB 124,758,492 thousand, up by 1.73% from RMB 122,636,757 thousand[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,379[13] - The top shareholder, Hengtong Group Co., Ltd., held 124,959,048 shares, accounting for 6.93% of the total shares[13] Risk and Capital Management - The non-performing loan ratio improved to 0.99%, down from 1.00% in the previous period[18] - The capital adequacy ratio increased to 12.90%, compared to 12.74% at the end of the previous year[18] - The coverage ratio for provisions reached 420.09%, an increase from 412.22% in the previous period[18] - The bank's leverage ratio stood at 6.42%, slightly up from 6.34% at the end of the previous year[18] Operational Highlights - The company recognized government subsidies amounting to CNY 6,663,000, which are closely related to its normal business operations[8] - The loan balance in Suzhou region was RMB 70,679,770 thousand, accounting for 71.69% of the total loan balance[17] - Retail loans grew to RMB 25,414,962 thousand, marking a 4.14% increase from RMB 24,403,707 thousand[17] - The bank conducted 11 investor meetings during the reporting period, engaging with 15 institutions on January 12, 2022[15] - Customer deposits and interbank deposits increased by 2,344,167, compared to 6,535,908 in the previous year, indicating a decline of 64.1%[30] - The net increase in customer loans and advances was 3,368,149, up from 2,415,243 in Q1 2021, reflecting a growth of 39.5%[30] - The cash received from investment recoveries was 27,811,789, significantly higher than 18,928,477 in the same quarter last year, marking a growth of 46.5%[30]

Financial Performance - The company's operating revenue for 2021 was CNY 3,834,238, an increase of 2.17% compared to CNY 3,752,835 in 2020[20]. - Net profit for 2021 reached CNY 1,161,439, reflecting a growth of 21.13% from CNY 958,828 in 2020[20]. - The total assets at the end of 2021 amounted to CNY 158,724,694, representing a 13.83% increase from CNY 139,440,364 in 2020[20]. - The company's net assets attributable to shareholders increased by 9.38% to CNY 13,147,222 at the end of 2021, up from CNY 12,020,228 in 2020[20]. - The loan total for 2021 was CNY 95,261,263, which is a 21.26% increase from CNY 78,558,537 in 2020[20]. - The basic earnings per share for 2021 was CNY 0.64, up 20.75% from CNY 0.53 in 2020[23]. - The capital adequacy ratio stood at 12.99%, exceeding the regulatory requirement of 10.5%[23]. - The non-performing loan ratio was reported at 1.00%, which is below the regulatory limit of 5%[23]. - The weighted average return on equity increased to 9.31%, up from 8.07% in 2020[23]. - Operating income reached CNY 3.834 billion, with net profit attributable to shareholders at CNY 1.160 billion, a year-on-year growth of 21.96%[31]. Risk Management - The company has taken measures to effectively manage and control various risks, including credit, market, liquidity, and operational risks[8]. - The company has no foreseeable major risks and has not engaged in non-operational fund occupation by controlling shareholders[8]. - The bank's loan balance and risk exposure to related natural persons amounted to CNY 29.97 million as of the end of the reporting period[104]. - The bank has implemented a comprehensive credit risk management strategy, including the establishment of a dynamic risk control and structural adjustment client list, which allows for effective risk mitigation[91]. - The liquidity risk management framework has been revised to enhance monitoring and forecasting of liquidity gaps across various business lines[92]. Corporate Governance - The company held 2 shareholder meetings during the reporting period, passing 16 resolutions[113]. - The board of directors consists of 14 members, including 4 executive directors and 10 non-executive directors, complying with regulatory requirements[114]. - The supervisory board conducted 5 special inspections and meetings, passing 21 resolutions related to financial reports and internal controls[115]. - The bank's specialized committees held 23 meetings, approving 112 resolutions, indicating active governance[116]. - The company has not identified any major differences in corporate governance compared to regulations set by the China Securities Regulatory Commission[121]. Employee Development - The company is focused on building a learning organization to improve talent quality and optimize talent structure[160]. - The company has a training plan in place to support employee development[159]. - The company organized a total of 108 training sessions in 2021, with an average of 159.53 hours of training per employee[160]. - The company has established a market-oriented human resource management system, including performance and salary management mechanisms to promote sustainable development[158]. Market Expansion and Strategy - The company plans to expand its market presence, as indicated by the approval of a proposal to change its registered address during the first extraordinary general meeting[122]. - The company plans to expand its market presence in key regions, targeting a 15% increase in market share over the next year[127]. - The bank launched the "Smart Manufacturing Loan" product to support industrial enterprises' intelligent transformation and digitalization[105]. - The bank is committed to supporting rural revitalization through tailored financial services and has identified significant growth opportunities in this area[106]. Green Finance Initiatives - The company's green finance initiatives were recognized, being awarded as a "demonstration financial institution for green finance innovation" in Jiangsu Province[35]. - The bank's green loan balance reached 2.879 billion yuan, with an increase of 733 million yuan, representing a growth rate of 34.16% compared to the beginning of the year[172]. - The bank successfully issued Jiangsu province's first cultural tourism rural revitalization bond financing plan, enhancing its support for the real economy[176]. - The bank's green credit system was optimized to strengthen environmental risk control and ensure compliance with environmental standards for new loans[172]. Dividend Policy - The company plans to distribute a cash dividend of RMB 1.6 per 10 shares (including tax) based on the total share capital on the dividend record date[6]. - The company plans to distribute at least 10% of the distributable profits as cash dividends in any given year from 2020 to 2022, with a cumulative distribution of no less than 30% of the average annual distributable profits over the last three years[162]. Financial Technology and Innovation - The bank's financial technology strategy focuses on product onlineization, business platformization, operational digitalization, and service ecologicalization[105]. - The bank developed the "Credit E-Loan" product to enhance user experience and optimize non-contact financial service scenarios[105]. - The bank successfully integrated digital RMB applications, becoming one of the first rural commercial banks to do so[31]. Community Engagement - The bank donated a total of 3.398 million yuan to support local economic and social development, receiving multiple awards for its charitable contributions[176]. - The bank's volunteer service program engaged over 2,000 participants in various community support activities throughout the year[176].

Financial Performance - Operating income for Q3 2021 was CNY 902,300,000, an increase of 2.83% year-on-year[6] - Net profit attributable to shareholders for Q3 2021 reached CNY 343,250,000, up 18.17% compared to the same period last year[6] - Basic earnings per share for Q3 2021 were CNY 0.19, reflecting an increase of 18.75% year-on-year[6] - Net profit for the first three quarters of 2021 reached CNY 1,045,223 thousand, a significant increase of 18.1% compared to CNY 884,739 thousand in the same period of 2020[40] - Net interest income rose to CNY 2,366,880 thousand, up from CNY 2,279,717 thousand year-over-year, reflecting a growth of 3.8%[40] - Total operating income for the first three quarters of 2021 was CNY 2,862,109 thousand, an increase of 2.2% from CNY 2,801,972 thousand in the previous year[40] - Basic earnings per share improved to CNY 0.58, up from CNY 0.49 in the same period last year, reflecting enhanced profitability[42] Assets and Liabilities - Total assets as of September 30, 2021, amounted to CNY 153,429,402,000, representing a growth of 10.03% from the end of 2020[6] - Total liabilities rose by 10.18% to RMB 140,263,644,000, up from RMB 127,300,176,000 year-over-year[22] - Total assets increased by 10.03% to RMB 153,429,402,000 as of September 30, 2021, compared to RMB 139,440,364,000 at the end of 2020[22] - The bank's total liabilities increased to CNY 140,263,644 thousand, compared to CNY 127,300,176 thousand at the end of 2020, marking a rise of approximately 10.2%[35] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 13,038,592,000, an increase of 8.47% from the end of 2020[6] - The bank's equity attributable to shareholders reached CNY 13,038,592 thousand, up from CNY 12,020,228 thousand, indicating a growth of 8.4%[36] - The bank's total number of ordinary shareholders at the end of the reporting period was 33,022[18] - The top shareholder, Hengtong Group Co., Ltd., held 124,959,048 shares, accounting for 6.93% of total shares[18] Loan and Deposit Growth - Total deposits grew by 11.42% to RMB 118,912,221,000, compared to RMB 106,725,338,000 at the end of 2020[22] - Total loans increased by 17.25% to RMB 92,107,027,000, up from RMB 78,558,537,000 year-over-year[22] - Retail loans surged by 28.75% to RMB 24,126,966,000, compared to RMB 18,739,013,000 at the end of 2020[22] - Net increase in customer deposits and interbank placements reached 11,029,373, compared to 9,081,510 in the same period last year, reflecting a growth of approximately 21.5%[47] - The company reported a net increase in customer loans and advances of 13,667,120, compared to 8,190,604 in the previous year, reflecting a growth of approximately 66.5%[47] Risk Management - The non-performing loan ratio improved to 1.06% from 1.28% in the previous year[27] - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies in place[40] - The coverage ratio for non-performing loans increased to 370.09% from 305.31% year-over-year[27] Cash Flow and Investment - The net cash flow from operating activities for the first nine months of 2021 was CNY -3,327,254,000[6] - Net cash flow from operating activities was -3,327,254, a significant decline from 9,105,049 in the previous year, indicating a negative shift in operational cash flow[47] - Cash inflow from investment activities totaled 67,446,345, up from 43,128,998, marking an increase of about 56.5% year-over-year[47] - Net cash flow from financing activities improved to 1,409,831, compared to a negative 4,438,396 in the same period last year, showing a recovery in financing operations[47] - The total cash and cash equivalents at the end of the period stood at 4,491,960, an increase from 3,956,504 year-over-year[47] - The net cash flow from investment activities was 607,317, a significant turnaround from -6,802,716 in the previous year, indicating improved investment management[47] Capital Adequacy - The capital adequacy ratio stood at 12.96%, compared to 12.81% at the end of 2020[28] - Core Tier 1 capital adequacy ratio was 10.72%, unchanged from the previous quarter[28] - The bank's leverage ratio was 6.43% as of September 30, 2021, up from 6.33% in the previous quarter[29] Other Income - The bank's investment income decreased by 57.55% due to reduced gains from trading financial assets[12] - The bank reported a significant increase in fee and commission income, which rose to CNY 160,770 thousand from CNY 104,836 thousand, representing a growth of 53.4%[40] - The bank's other comprehensive income after tax increased to CNY 250,801 thousand, compared to a loss of CNY 125,265 thousand in the previous year[42] Currency Impact - The impact of exchange rate changes on cash and cash equivalents was -2,174, contrasting with a positive impact of 7,379 in the previous year, highlighting currency volatility effects[47]

Financial Performance - Total operating income for the first half of 2021 was CNY 1,959,809,000, representing a 1.84% increase compared to the same period last year[16]. - Net profit for the first half of 2021 reached CNY 695,852,000, an increase of 17.89% year-on-year[16]. - Basic earnings per share for the first half of 2021 increased to 0.39 CNY, up 18.18% from 0.33 CNY in the same period last year[18]. - Diluted earnings per share rose to 0.35 CNY, reflecting a 16.67% increase compared to 0.30 CNY in the previous year[18]. - The weighted average return on equity improved to 5.66%, an increase of 0.63 percentage points from 5.03% year-on-year[18]. - The company reported a total of 85,911,502 restricted shares held by Jiangsu Xinhengtong Investment Group, with 18,409,607 shares eligible for trading on November 29, 2021[120]. Assets and Liabilities - Total assets as of June 30, 2021, amounted to CNY 150,731,353,000, reflecting an 8.10% increase from the beginning of the year[16]. - Total liabilities increased by 8.51% year-on-year to CNY 138,133,308,000[16]. - Total deposits reached CNY 116,026,692,000, up 8.72% compared to the same period last year[16]. - Total loans amounted to CNY 86,829,696,000, marking a 10.53% increase year-on-year[16]. - Total assets reached CNY 1507.31 billion, an increase of CNY 112.91 billion or 8.10% from the beginning of the year[28]. - Total liabilities increased to 137,554,410 from 126,749,256, reflecting a growth of about 8.9%[143]. Risk Management - The bank has effectively managed various risks, including credit, liquidity, market, and operational risks[5]. - There are no foreseeable major risks affecting the company's operations[5]. - The provision coverage ratio was reported at 360.01%, up from 332.66% in the previous year, reflecting strong risk management practices[21]. - The company has implemented a comprehensive credit risk management strategy, focusing on compliance and proactive control, with a clear risk preference framework[83]. - The liquidity risk management strategy includes dynamic adjustments to asset-liability management plans and monitoring of liquidity warning indicators[84]. Operational Efficiency - The cost-to-income ratio improved to 30.80%, down from 31.76% year-on-year, indicating better operational efficiency[21]. - The company has introduced Lean Six Sigma management to enhance internal control and compliance systems, aiming for a more robust risk management framework[27]. - The company is focused on enhancing its risk control system, aiming for automated decision-making processes to optimize customer experience[27]. Customer and Market Engagement - The company aims to achieve the goal of "rebuilding Su Nong Bank in five years" and strives to be a benchmark bank in the industry, recognized for its value and employee satisfaction[24]. - The company has accelerated its integration into the Suzhou urban area, focusing on the Yangtze River Delta integration strategy, enhancing service depth and breadth for small and micro enterprises[25]. - The retail business is rapidly developing with a focus on online products like "Su Nong Loan," adopting a model that emphasizes online services while supporting offline operations[27]. - The company has maintained a leading position in supporting local entities, leveraging its advantages as a local legal person bank to provide timely and efficient services[25]. Community and Social Responsibility - The company has emphasized the importance of rural financial support, aligning with national policies for rural revitalization and agricultural modernization[99]. - As of June 30, 2021, the company provided direct poverty alleviation loans totaling CNY 16.87 million, benefiting 12,959 low-income individuals[100]. - The company donated a total of CNY 2.887 million in charitable contributions during the first half of 2021, including CNY 2 million to the Wujiang Charity Association[101]. - The company organized over 1,000 volunteer service activities, receiving widespread recognition from the community[101]. Financial Instruments and Accounting - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the bank's ability to continue operations for the next 12 months[174]. - The bank's financial statements are prepared in Renminbi (CNY) as the functional currency[179]. - Financial instruments are recognized when the group becomes a party to the financial instrument contract, with derecognition occurring under specific conditions[187]. - Financial assets are classified at initial recognition based on the business model and cash flow characteristics, including fair value through profit or loss and amortized cost[188].

Financial Performance - In 2020, the total assets, deposits, and loans of the bank each exceeded an increase of 10 billion RMB for the first time in a single year[11]. - The bank's operating income and net profit showed steady growth, with asset quality remaining stable and risk resistance capacity continuously enhanced[11]. - The company's operating revenue for 2020 was CNY 3,752,835,000, representing a year-over-year increase of 6.59% compared to CNY 3,520,840,000 in 2019[19]. - The net profit for 2020 reached CNY 958,828,000, which is a 4.79% increase from CNY 915,027,000 in 2019[19]. - The total assets increased by 10.71% to CNY 139,440,364,000 in 2020 from CNY 125,955,321,000 in 2019[19]. - The total liabilities rose by 11.34% to CNY 127,300,176,000 in 2020 compared to CNY 114,330,482,000 in 2019[19]. - The basic earnings per share for 2020 was CNY 0.53, up 3.92% from CNY 0.51 in 2019[20]. - The net cash flow from operating activities of CNY 7,358,413,000, a significant increase of 94.26% from CNY 3,787,867,000 in 2019[19]. - The company reported a total of CNY 25,261 thousand in net profit for the year, compared to CNY 9,972 thousand in the previous year[23]. Risk Management - The bank has implemented various measures to effectively manage and control risks, including credit risk, market risk, liquidity risk, and operational risk[8]. - The bank's management emphasizes process optimization and refined management to enhance operational efficiency[12]. - The bank implemented a comprehensive risk management system, optimizing credit policies based on industry and regional assessments[83]. - The bank established a customer risk warning system, integrating external data to enhance risk management capabilities[83]. - The bank focused on monitoring overdue and non-performing loans, particularly in industries severely impacted by the pandemic[84]. - The bank's strategy included the reduction of non-standard business and the promotion of asset securitization to manage risk assets effectively[84]. - The bank has established an effective liquidity risk monitoring system, incorporating annual liquidity risk limit indicators and real-time monitoring within the asset-liability system[85]. - The bank conducts regular liquidity risk stress tests based on its asset-liability structure, using the results as a basis for risk management and operational decision-making[85]. Strategic Initiatives - The bank has focused on supporting agriculture and small enterprises, enhancing its financial resources to address financing difficulties in rural areas[12]. - The bank's strategic transformation includes the development of retail banking, light banking, smart banking, and specialty banking, with significant results in retail transformation[12]. - The bank aims to optimize service functions in the Suzhou urban area and promote green finance and innovation in technology finance[12]. - The company plans to leverage its local bank advantages to reduce information asymmetry in financial services[30]. - The company is committed to becoming a benchmark bank in the industry and a value bank recognized by society[27]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge[44]. Shareholder Returns - The profit distribution plan for 2020 proposes a cash dividend of 1.5 RMB per 10 shares (including tax), subject to shareholder approval[6]. - The company plans to distribute cash dividends of 1.5 RMB per 10 shares for the 2020 fiscal year, totaling 270,460 thousand RMB, which represents 28.43% of the net profit attributable to ordinary shareholders[108]. - The cash dividend distribution policy emphasizes a minimum of 10% of the annual distributable profit and at least 30% of the average annual distributable profit over the last three years for cash distributions[105]. - The company has maintained a consistent cash dividend policy, prioritizing cash dividends when there are no significant investment plans or cash expenditure needs[105]. - The independent directors have confirmed that the profit distribution plan complies with relevant regulations and considers the company's industry characteristics and development stage[105]. Corporate Governance - The company appointed Ernst & Young Hua Ming as the auditor for the 2020 financial report and internal control audit[114]. - The company has a commitment to maintain transparency and operability in its profit distribution decisions, enhancing shareholder oversight[105]. - The company’s board of directors includes a mix of experienced professionals, with the chairman and president both having extensive backgrounds in banking and finance[164]. - The company has a structured process for approving the remuneration of its board members and senior management[176]. - The company’s governance structure includes independent directors to enhance accountability[176]. - The internal control audit conducted by Ernst & Young Huaming CPA found that the company maintained effective internal control over financial reporting as of December 31, 2020[199]. Community Engagement and Social Responsibility - The company is committed to poverty alleviation through financial services, integrating financial support with charitable volunteer services[125]. - The company issued 59 personal poverty alleviation loans totaling 19.98 million RMB, directly benefiting low-income households[126]. - The company provided 16 poverty alleviation loans amounting to 82.26 million RMB to cooperative societies in economically weak villages, supporting local economic development[128]. - A total of 9,302 low-income individuals were assisted in poverty alleviation efforts during 2020[128]. - The company donated 5.0584 million RMB for various charitable activities, including 1 million RMB to combat COVID-19[128]. Technological Advancements - The company is focusing on technological advancements, with a new financial technology park branch reporting user data of 193,620[76]. - The company has integrated various data sources to launch the online loan product "Su Nong Loan," improving customer experience with "zero-contact" financial services[96]. - The company plans to enhance its digital services to improve user engagement and retention[165]. - Investment in research and development has increased, reflecting the company's commitment to innovation[165]. Market Position and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[170]. - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase customer base by 30%[168]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[165].

股票简称：苏农银行 股票代码：603323 江苏苏州农村商业银行股份有限公司 2021年第一季度报告 SZRCB ( 江苏苏州农村商业银行股份有限公司 2021年第一季度报告 STNATNOS | --- | --- | --- | |-------|--------------------|-------| | | | | | | 一、重要提示 … | 3 | | | 二、公司基本情况 - | 4 | | | 三、重要事项 - | 6 | | | 四、补充资料 | 8 | | | | | 五、附录 …………………………………………………………………… 10 目 录 2021 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准 确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人徐晓军、行长庄颖杰、主管会计工作负责人王明华及会计机构负责人 （会计主管人员）顾建忠保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 3 / 20 2 ...

Financial Performance - Net profit attributable to shareholders of the listed company for the first nine months was CNY 883,358, representing a year-on-year increase of 6.72%[9] - Operating income for the first nine months was CNY 2,801,972, up 7.40% from CNY 2,609,004 in the same period last year[9] - Basic earnings per share for the first nine months was CNY 0.49, an increase of 4.26% from CNY 0.47 in the same period last year[9] - The net profit attributable to shareholders of the parent company for Q3 2020 was 290,483 million, up from 247,816 million in Q3 2019, while the net profit for the first three quarters of 2020 was 883,358 million, compared to 827,739 million in the same period of 2019[36] - The bank's total profit for Q3 2020 was 302,943 million, compared to 278,462 million in Q3 2019, while total profit for the first three quarters of 2020 was 1,005,807 million, up from 936,502 million year-over-year[34] Asset and Liability Management - Total assets at the end of the reporting period reached CNY 133,720,169, an increase of 6.16% compared to the end of the previous year[9] - The total liabilities amounted to 121,605,554 thousand RMB, an increase from 114,330,482 thousand RMB year-on-year[19] - Total assets increased to 133,720,169 from 125,955,321, representing a growth of approximately 1.6% year-over-year[26] - Shareholders' equity totaled 12,114,615, up from 11,624,839, which is an increase of about 4.2%[28] - The capital adequacy ratio improved to 13.63%, up from 13.46% year-on-year[20] Cash Flow and Investments - The net cash flow from operating activities for the first nine months was CNY 9,105,049, a significant recovery from a negative cash flow of CNY -471,520 in the same period last year[9] - Operating cash flow from operating activities generated a net cash flow of 8,903,973, a significant improvement from a negative cash flow of -555,552 in the previous year[45] - Cash inflow from investment activities totaled 43,128,959, compared to 40,248,585 in the previous year, showing an increase of approximately 7%[45] - Cash outflow from investment activities was 49,930,487, up from 39,838,454 in the previous year, indicating a rise of about 25%[45] - The net cash flow from financing activities was -4,438,396, an improvement from -908,568 in the previous year[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,804[11] - The top ten shareholders held a total of 424,000,000 shares, accounting for approximately 23.4% of the total shares[11] Operational Efficiency - The weighted average return on equity decreased by 0.91 percentage points to 7.35% compared to the previous year[9] - Commission expenses increased by 33.77% to 70,448 thousand RMB due to higher electronic banking fees[14] - The bank's total expenses for Q3 2020 were 585,378 million, a decrease from 596,501 million in Q3 2019, and total expenses for the first three quarters of 2020 were 1,807,318 million, compared to 1,685,692 million in the same period of 2019[34] Risk Management - The non-performing loan ratio decreased to 1.22% from 1.33% year-on-year, indicating improved asset quality[23] - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies[30] - The bank reported a credit impairment loss of 268,188 million in Q3 2020, down from 347,521 million in Q3 2019, while the total credit impairment loss for the first three quarters of 2020 was 876,145 million, compared to 820,937 million in the same period of 2019[34] Future Strategies - The company has not disclosed any new product developments or market expansion strategies in this report[9] - The bank plans to expand its digital banking services to enhance customer engagement and operational efficiency[30] - The bank is focusing on increasing its investment in technology to support new product development and market expansion[30]

Financial Performance - Operating income for the first half of 2020 was CNY 1,924,484 thousand, representing a 10.36% increase compared to CNY 1,743,784 thousand in the same period last year[18]. - Total profit for the period reached CNY 702,864 thousand, up 6.81% from CNY 658,040 thousand year-on-year[18]. - Net profit attributable to shareholders was CNY 592,875 thousand, a slight increase of 2.23% from CNY 579,923 thousand in the previous year[18]. - Net cash flow from operating activities surged to CNY 5,989,009 thousand, marking a significant increase of 393.66% compared to CNY 1,213,181 thousand in the same period last year[18]. - Basic earnings per share remained stable at CNY 0.33, unchanged from the same period last year[19]. - The overall net income for the period was RMB 475,403 thousand, a significant increase from RMB 294,967 thousand in the previous year, showcasing strong financial performance[87]. - Net profit for the first half of 2020 reached CNY 590,268, representing an increase of 1.68% from CNY 581,290 in the previous year[196]. - Net profit for the first half of 2020 was 597,463, an increase from 576,952 in the previous year, reflecting overall business resilience[200]. Asset and Liability Management - Total assets at the end of the reporting period were CNY 132,810,840 thousand, reflecting a 5.44% growth from CNY 125,955,321 thousand at the end of the previous year[18]. - Total liabilities increased by 5.83% to CNY 121,001,494 thousand from CNY 114,330,482 thousand year-on-year[18]. - Total loans amounted to CNY 73,488,822 thousand, representing a 7.71% increase from CNY 68,230,108 thousand in the previous year[18]. - Total deposits reached CNY 103,212,736 thousand, up 7.56% from CNY 95,955,987 thousand year-on-year[18]. - The total liabilities increased to CNY 120,424,666, compared to CNY 113,741,640 in the previous year, reflecting a growth of 5.99%[194]. - Total liabilities reached CNY 121,001,494 thousand, up from CNY 114,330,482 thousand at the end of 2019, indicating an increase of about 5.8%[191]. Risk Management - The company established a comprehensive risk management system, integrating five major projects into a "five-dimensional integrated" intelligent risk control system[33]. - The company has strengthened credit risk management by implementing a comprehensive credit policy and optimizing credit asset management mechanisms, including a new credit risk management system design[108]. - The liquidity risk management has been enhanced through the upgrade of asset-liability management systems and the establishment of liquidity warning indicators and emergency response plans[109]. - Market risk management has been improved by developing a robust limit management system and enhancing risk assessment models, ensuring market risk remains controllable[110]. - Continuous improvement of operational risk management systems has been emphasized, including the establishment of key risk indicators and compliance training for employees[112]. Income Sources - The net income from fees and commissions increased by 73.49% to CNY 84,407,000 compared to the same period last year, driven by growth in wealth management and agency service fees[52]. - Non-interest income for the period was 475,403 thousand RMB, representing a significant increase of 61.17% year-on-year from 294,967 thousand RMB[86]. - Investment income totaled RMB 317,853 thousand, a 14.49% increase from RMB 277,619 thousand in the previous year, with the majority derived from trading financial assets[90]. - The company’s fee and commission income increased to CNY 125,090, up 67.73% from CNY 74,473 in the first half of 2019[196]. Government Support and Community Engagement - The company received a government subsidy of CNY 1,150,000, contributing positively to its non-operating income[22]. - The company provided 22.8 million RMB in direct poverty alleviation loans, helping 5,847 low-income individuals[155]. - The company donated a total of 3.4356 million RMB for various charitable activities, including 1 million RMB to the Wujiang Charity Association for COVID-19 relief[156]. - The company has actively engaged in volunteer services, with over 1,000 volunteer activities conducted in the first half of the year[156]. Strategic Initiatives - The company successfully launched the "Antivirus Recovery Loan" series, providing financing to 745 clients with a total of 1.047 billion yuan during the pandemic[37]. - The company is focusing on smart city initiatives, including the development of an internet hospital and digital payment solutions for various services[121]. - The company launched a series of innovative financial products, including "Jinli Housing Credit" and "Jinli Business Loan," aimed at supporting small and micro enterprises during the recovery period[119]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 44,510[180]. - The company has no changes in controlling shareholders or actual controllers during the reporting period[184]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period[127]. Audit and Compliance - The company has appointed Ernst & Young Hua Ming as the auditor for the 2020 financial report and internal control audit[141]. - There are no major related party transactions reported during the period[145]. - The company has not reported any non-standard audit reports for the previous year[143].