证券代码：002839 证券简称：张家港行 | --- | --- | |----------------|----------------------------------------------------------| | | | | | √ 特定对象调研 □分析师会议 | | 投资者关系活动 | □ 媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □ 现场参观 | | | 其他 （请文字说明其他活动内容） | | | 兴业基金、信诚基金、易方达基金、太平养老、工银瑞信、淡水 | | 参与单位 | 泉、兴业证券、平安集团、长信基金等 | | 时间 | 2021 年 1 月 15 日上午 | | 地点 | 张家港行总行 17 楼会议室 | | 上市公司接待人 | 副行长 陈金龙先生 | | | 副行长 陶怡女士 | | 员姓名 | 董事、董事会秘书 张平先生 | | 投资者关系活动 | 主要就张家港行经营情况进行了交流，以下为投资者问 | 江苏张家港农村商业银行股份有限公司投资者关系活动记录表 | --- | --- | |--------------|--------- ...

证券代码：002839 证券简称：张家港行 | --- | --- | |---------------------|------------------------------------------------------| | | √特定对象调研 □分析师会议 | | | □媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | 其他 （请文字说明其他活动内容） | | 参与单位 | 华泰证券、南方基金等 | | 时间 | 2021 年 3 月 4 日上午 | | 地点 | 张家港行总行 16 楼会议室 | | | 董事长 季颖先生 | | 上市公司接待人 | 副行长 陈金龙先生 | | 员姓名 | 副行长 陶怡女士 | | | 董事、董事会秘书 张平先生 | | | 主要就张家港行经营情况进行了交流，以下为投资者问 | | | 询及简要回复情况记录： | | | Q: 贵行如何应对与大行的普惠小微贷款的竞争？ | | | A ：大行普惠小微贷款的政策与去年变化不大，普惠小微 | | 投资者关系活动 | 贷款市场竞争较激烈，尤其是抵押类客户 ...

Financial Performance - Net profit attributable to shareholders for the quarter was RMB 506.58 million, representing a year-on-year increase of 33.78%[4] - Basic earnings per share for the quarter increased to RMB 0.23, a rise of 27.78% compared to the previous year[5] - The weighted average return on equity rose to 3.80%, an increase of 0.63 percentage points from the previous year[5] - Net profit attributable to shareholders reached RMB 1.268 billion, reflecting a year-on-year growth of 30.10%[26] - The net profit for the current period is CNY 1,285,283,692.53, an increase from CNY 999,668,009.69 in the previous period, representing a growth of approximately 28.7%[37] - The total comprehensive income attributable to the parent company's owners is CNY 1,414,912,695.22, compared to CNY 1,105,855,094.17 in the previous period, reflecting an increase of about 27.9%[39] Revenue and Income - Operating income for the quarter was RMB 1.32 billion, up 9.41% from the same period last year[4] - Net commission and fee income increased by 53.91% to ¥17,638,466.39 compared to ¥11,459,958.64 in the same period last year, primarily due to increased fees from bank card services[13] - Net interest income for the period was RMB 2.92 billion, up from RMB 2.76 billion in the previous period, reflecting an increase of about 5.2%[36] - Total operating income for the current period was RMB 3.67 billion, compared to RMB 3.43 billion in the prior period, indicating a growth of approximately 7.0%[36] - The bank's interest income rose to RMB 5.77 billion, compared to RMB 5.25 billion in the previous period, representing an increase of about 9.9%[36] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 184.82 billion, an increase of 12.30% compared to the end of the previous year[4] - The total number of shares outstanding as of the last trading day before disclosure was 2,169,649,302 shares[6] - The company reported a significant increase in other debt investments, which rose by 31.33% to RMB 34.08 billion compared to the end of the previous year[12] - Total liabilities increased by 12.80% to ¥169,213,355,928.27 from ¥150,012,862,359.34[18] - The bank's total liabilities amounted to RMB 169.21 billion, an increase from RMB 150.01 billion in the previous year, marking a rise of around 12.8%[35] Customer and Loan Metrics - Customer loans and advances rose by 12.96% to ¥112,757,182,292.89 from ¥99,816,806,670.03[18] - Total loan balance was RMB 112.76 billion, up by RMB 12.94 billion or 12.96% since the beginning of the year[26] - The number of loan customers increased to 380,400, a growth of 44.79% year-to-date[26] - The company has a total of 38,040 corporate loan customers, with a growth of 39.30% year-to-date[26] Cash Flow - Cash flow from operating activities for the year-to-date period reached RMB 6.72 billion[5] - The net cash flow from operating activities for the current period is CNY 6,724,199,333.46, a significant improvement from a negative CNY 3,914,821,700.20 in the previous period[40] - The net cash flow from investment activities shows a negative CNY 8,356,966,779.36, worsening from a negative CNY 4,956,161,068.46 in the previous period[41] - The net cash flow from financing activities is CNY 2,036,406,603.78, down from CNY 6,784,068,520.74 in the previous period, indicating a decrease of approximately 70%[41] Risk and Quality Metrics - The non-performing loan ratio was 0.90%, a slight improvement from 0.95% in the previous year[14] - The provision coverage ratio improved to 541.02%, an increase of 65.67 percentage points year-to-date[26] - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place[36] Future Outlook - Future outlook includes continued focus on expanding market presence and enhancing product offerings to drive growth[36] - The company’s strategy focuses on high-quality development and expanding its customer base in the regional economy[25]

Financial Performance - Total operating income for the first half of 2022 was CNY 2,352,536,684.35, an increase of 5.74% compared to CNY 2,224,807,488.82 in the same period of 2021[25]. - Net profit for the first half of 2022 reached CNY 776,562,616.09, representing a growth of 27.06% from CNY 611,160,364.36 in the first half of 2021[25]. - The net profit attributable to shareholders of the listed company was CNY 761,845,368.50, which is a 27.76% increase from CNY 596,331,735.77 in the same period last year[25]. - Basic earnings per share for the first half of 2022 were CNY 0.31, up 14.81% from CNY 0.27 in the same period of 2021[25]. - The bank's net profit for the period includes a non-recurring gain of CNY 89.10 million, primarily from the disposal of non-current assets and government subsidies[31]. - Net interest income for the first half of 2022 was CNY 1.89 billion, reflecting a year-on-year increase of 6.51%[60]. - The bank's net profit for the first half of 2022 was CNY 776.56 million, representing a growth of 27.06% year-on-year[63]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to CNY 177,599,176,640.57, up from CNY 164,578,715,094.33 at the end of 2021, reflecting a growth of 7.91%[25]. - The total equity attributable to shareholders of the listed company increased to CNY 14,878,090,244.69 as of June 30, 2022, from CNY 14,417,308,001.26 at the end of 2021, marking a growth of 3.20%[25]. - The total loan and advance principal as of June 30, 2022, is CNY 109.25 billion, an increase of 9.45% from CNY 99.82 billion as of December 31, 2021[35]. - The total deposit principal as of June 30, 2022, is CNY 133.22 billion, reflecting a growth of 9.98% from CNY 121.13 billion as of December 31, 2021[35]. - The bank's total liabilities increased by 8.36% to CNY 162.56 billion from CNY 150.01 billion[104]. Risk Management - The bank focuses on strengthening credit risk management, particularly in supporting agriculture and small enterprises, with an emphasis on adjusting asset structure[145]. - The bank has implemented a comprehensive risk management system, enhancing tools such as a risk warning system and collateral mitigation system to improve risk management capabilities[145]. - The bank has developed a liquidity risk management emergency plan to swiftly address potential liquidity crises[147]. - The bank actively manages interest rate risk by aligning the maturity structure of assets and liabilities, conducting regular interest rate risk stress tests[149]. - The bank emphasizes the importance of a robust internal control system, continuously improving compliance and effectiveness in response to regulatory changes[150]. Non-Performing Loans - The non-performing loan ratio is 0.90% as of June 30, 2022, down from 0.95% as of December 31, 2021[38]. - Non-performing loans stood at CNY 989 million, with a non-performing loan ratio of 0.90%, down by 0.05 percentage points from the beginning of the year[59]. - The provision for loan losses increased to CNY 5.26 billion as of June 30, 2022, up from CNY 4.48 billion at the end of 2021, reflecting a growth of RMB 786.21 million or 17.55%[125]. Green Finance Initiatives - The company's green loan balance reached CNY 1.724 billion, an increase of 669 million yuan, representing a growth of 63.41% compared to the end of the previous year[173]. - The company actively promotes green finance and has established a "Green Finance Service Center" to support rural revitalization and sustainable development[173]. - The company has successfully integrated green finance with green agriculture and small and micro enterprises, addressing the financing difficulties faced by many[173]. - The company has developed a three-year green finance plan for 2022-2024, aligning with national green development strategies[173]. Operational Efficiency - The bank's cost-to-income ratio is 30.34% as of June 30, 2022, slightly improved from 31.11% as of December 31, 2021[38]. - The bank's total operating expenses increased by 2.67% to CNY 1.65 billion, indicating effective cost management amidst growth[63]. - The bank's fee and commission income surged by 83.93%, reaching CNY 33.60 million, driven by increased service demand[60]. Shareholder Information - The bank's annual shareholders' meeting had a participation rate of 31.85% on April 20, 2022[156]. - The bank plans not to distribute cash dividends or issue bonus shares for the half-year period[167]. - The bank has no stock incentive plans or employee stock ownership plans in place during the reporting period[168].

Financial Performance - Net profit attributable to shareholders rose by 29.74% to RMB 433.35 million year-on-year[3] - Operating income grew by 11.80% to RMB 1.20 billion compared to the same period last year[3] - Basic earnings per share increased by 33.33% to RMB 0.24[4] - The net profit attributable to shareholders for the reporting period was RMB 433 million, reflecting a year-on-year growth of 29.74%[20] - Net profit for the current period was ¥440,084,028.53, representing a 28.4% increase compared to ¥342,867,387.30 in the previous period[29] - The total profit amounted to ¥480,716,520.01, which is a 30.0% increase from ¥369,636,239.31 in the prior period[29] Asset and Liability Management - Total assets increased by 6.49% to RMB 175.26 billion compared to the end of the previous year[3] - Total liabilities were RMB 160.23 billion, an increase of 6.81% compared to the previous year-end[13] - The bank's equity attributable to shareholders was RMB 15.03 billion, up 3.21% from the end of 2021[14] - Adjusted on-balance and off-balance sheet asset balance reached RMB 203.83 billion, an increase from RMB 190.07 billion at the end of 2021[12] - The bank's total liabilities were RMB 160.23 billion, up from RMB 150.01 billion, marking an increase of around 6.5%[24] - The bank's equity attributable to shareholders reached RMB 14.88 billion, an increase from RMB 14.42 billion, representing a growth of about 3.2%[24] Loan and Deposit Growth - Total deposits amounted to RMB 128.54 billion, up RMB 7.41 billion or 6.11% from the start of the year[14] - The total loan balance was RMB 106.65 billion, increasing by RMB 6.84 billion or 6.85% year-to-date[13] - Loans and advances issued by the bank totaled RMB 102.06 billion, compared to RMB 95.55 billion in the previous year, reflecting an increase of approximately 6.5%[23] - The net increase in customer loans and advances was ¥6,970,147,139.26, compared to ¥2,982,971,805.83 in the previous period, showing a significant increase[32] - The bank's total deposits increased to RMB 131.58 billion, up from RMB 124.61 billion, reflecting a growth of about 5.0%[24] Risk Management - Non-performing loan ratio improved to 0.94%, down from 0.95%[11] - The non-performing loan ratio stood at 0.94%, slightly down from the beginning of the year, with a provision coverage ratio of 482.33%, up 6.98 percentage points[20] - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place[22] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 47.06% to RMB 946.81 million[4] - The bank's liquidity ratio was 76.66%, significantly above the regulatory requirement of 25%[11] - Total cash inflow from operating activities was ¥10,733,988,532.80, compared to ¥13,579,413,410.88 in the previous period, indicating a decrease of 20.0%[32] - Cash and cash equivalents at the end of the period were 2,901,608,435.53, down from 3,242,491,931.03[34] - The net decrease in cash and cash equivalents was -132,140,486.64, compared to -823,806,865.92 in the previous period[34] Strategic Initiatives - The bank is focused on strategic development and has implemented "eight major projects" to enhance operational transformation and support the real economy[20] - The bank plans to expand its market presence through strategic partnerships and new product offerings in the upcoming quarters[22] - The bank is focusing on enhancing its digital banking capabilities to attract a younger customer base and improve user engagement[22] Investment and Income - Investment income rose to ¥219,891,701.89 from ¥155,117,863.71, reflecting an increase of 41.7%[29] - Net interest income was ¥933,539,490.18, up from ¥883,560,575.07, reflecting a growth of 5.7%[29] - Other comprehensive income after tax was ¥27,382,233.87, down from ¥50,544,503.58, a decrease of 45.9%[29]

Financial Performance - The total operating income for 2021 was RMB 4,616,386,535.83, representing a 10.05% increase from RMB 4,194,692,041.29 in 2020[22] - The net profit attributable to shareholders for 2021 was RMB 1,303,849,618.24, a 30.30% increase compared to RMB 1,000,677,495.40 in 2020[22] - The net profit after deducting non-recurring gains and losses was RMB 1,241,904,792.24, up 28.83% from RMB 963,956,572.02 in 2020[22] - The basic earnings per share for 2021 was RMB 0.72, reflecting a 30.91% increase from RMB 0.55 in 2020[22] - The total profit for 2021 was approximately ¥1.37 billion, a 36.81% increase from ¥1.00 billion in 2020[63] - Net profit reached ¥1.34 billion, marking a 34.24% increase from ¥995.62 million in the previous year[63] - The company reported a significant increase in commission income, which rose by 118.15% to ¥343.13 million[63] - The company reported a net profit margin of 12% for the fiscal year 2021, an increase from 10% in the previous year[194] Asset and Liability Management - The total assets at the end of 2021 reached RMB 164,578,715,094.33, a 14.44% increase from RMB 143,817,651,264.21 at the end of 2020[22] - The bank's total liabilities increased to RMB 150,012,862,359.34 in 2021, up from RMB 132,508,113,122.02 in 2020, marking a growth of approximately 13.2%[34] - The total liabilities decreased by 4.85% from RMB 1,858.16 billion in 2020 to RMB 1,768.02 billion in 2021[6] - The company's total equity reached ¥14.57 billion, reflecting a growth of 28.79% year-over-year[106] Loan and Credit Quality - Customer loans and advances reached RMB 99,816,806,670.03 at the end of 2021, an increase of 17.6% from RMB 84,855,628,516.34 in 2020[34] - The non-performing loan ratio improved to 0.95% in 2021, down from 1.17% in 2020, indicating better asset quality[37] - The total non-performing loans amounted to ¥943.64 million, representing 0.95% of total loans, a slight improvement from 1.17% in the previous year[116] Cash Flow and Operating Activities - The net cash flow from operating activities for 2021 was RMB 158,217,198.33, a significant decrease of 97.92% compared to RMB 7,616,831,140.06 in 2020[22] - The net cash flow from operating activities decreased significantly to ¥158.22 million from ¥7.62 billion in the previous year[109] Market Position and Growth - The bank's market share for savings deposits in Zhangjiagang reached 48.53%, ranking first in the city[48] - The bank's ranking in the Global 1000 Banks list by The Banker improved to 614, up 4 places from the previous year[52] - The bank's local currency deposit market share reached 21.76%, with a deposit growth market share of 22.92%, leading among 34 financial institutions in Zhangjiagang City[57] - The bank aims to increase its market share in rural areas by 20% through tailored financial products and services[200] Strategic Initiatives and Future Plans - The bank is focusing on digital transformation and green finance as part of its new three-year strategic plan, aiming for high-quality development[146] - The bank plans to explore potential mergers and acquisitions to strengthen its market position and expand its service offerings[200] - The company plans to implement a share buyback program, with specific plans for increasing holdings by 200,000 shares[171] - The company is investing 50 million yuan in research and development for new technologies aimed at enhancing customer experience[194] Governance and Management - The company has no actual controller or major shareholder, with three main shareholders holding over 5%: Jiangsu Shagang Group Co., Ltd., Zhangjiagang Municipal Public Asset Management Co., Ltd., and Jiangsu Guotai Nanyuan Hotel Co., Ltd.[164] - The board of directors has established several specialized committees, including a strategic development committee and an audit committee, to enhance governance[161] - The company has established a sound organizational structure with clear functions for the board, supervisory board, and various committees[167] Risk Management - The company is focusing on enhancing credit risk management, particularly in loan and investment businesses[133] - The bank has established a liquidity risk management framework, including liquidity matching ratios and high-quality liquid asset ratios, achieving regulatory requirements ahead of the transition period[137] - The bank's market risk management framework has been enhanced, with daily market revaluation of trading accounts and periodic revaluation of banking accounts, ensuring compliance with regulatory standards[138]

Financial Performance - Net profit attributable to shareholders was RMB 378.66 million, reflecting a year-on-year growth of 37.89%[4] - Operating income for the quarter was RMB 1.21 billion, up 23.04% from the same period last year[4] - The basic earnings per share increased by 40.00% to RMB 0.21, while diluted earnings per share rose by 38.46% to RMB 0.18[5] - Net profit for the current period reached RMB 999.67 million, up from RMB 768.78 million in the previous period, reflecting a growth of about 30.00%[27] - The net profit attributable to the parent company was approximately CNY 974.99 million, an increase from CNY 767.87 million in the previous period, representing a growth of 27%[28] - The total comprehensive income attributable to the parent company was approximately CNY 1.11 billion, compared to CNY 547.32 million in the previous period, indicating a significant increase[28] - Basic earnings per share rose to CNY 0.54 from CNY 0.42, reflecting a growth of 28.57%[28] Asset and Liability Management - Total assets at the end of the reporting period reached RMB 161.40 billion, an increase of 12.23% compared to the end of the previous year[4] - Total liabilities increased to RMB 147.24 billion, a rise of 11.12% from RMB 132.51 billion at the end of 2020[15] - The adjusted on-balance and off-balance sheet asset balance was RMB 18.83 billion, up from RMB 18.29 billion in June 2021[14] - The leverage ratio stood at 6.93%, slightly down from 6.96% in June 2021, indicating stable capital management[14] - The total liabilities included borrowings from the central bank amounting to RMB 3,357,857,278.10 as of January 1, 2021[33] Loan and Deposit Growth - Customer loans and advances amounted to RMB 97.46 billion, up 14.85% from RMB 84.86 billion at the end of 2020[15] - The bank's loan and advance amounts were RMB 93.52 billion, an increase from RMB 81.98 billion, indicating a growth of approximately 14.25%[25] - The company reported a 23.44% increase in personal loans, reaching RMB 42.72 billion compared to RMB 34.61 billion at the end of 2020[15] - The net increase in customer loans and advances was approximately CNY 12.67 billion, up from CNY 11.52 billion in the previous period[30] - The total customer deposits and interbank deposits increased by CNY 12.75 billion, compared to CNY 13.21 billion in the previous period[30] Risk Management - The non-performing loan ratio improved to 0.94%, down from 1.17% a year earlier[10] - The ratio of non-performing loans was 0.94%, a decrease from 1.17% at the end of 2020, indicating improved asset quality[17] - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place[27] Cash Flow Analysis - Cash flow from operating activities showed a significant decline, with a net outflow of RMB 3.91 billion, down 178.01%[5] - The net cash flow from operating activities was negative at approximately CNY -3.91 billion, a decline from CNY 5.02 billion in the previous period[30] - The net cash flow from investment activities was approximately CNY -4.96 billion, worsening from CNY -3.66 billion in the previous period[30] - The net cash flow from financing activities was approximately CNY 6.78 billion, a recovery from CNY -1.56 billion in the previous period[31] - The total net increase in cash and cash equivalents was approximately CNY -2.10 billion, compared to CNY -210.37 million in the previous period[31] Equity and Capital Adequacy - Shareholder equity increased to RMB 14.16 billion, representing a growth of 25.22% compared to RMB 11.31 billion at the end of 2020[15] - The total equity attributable to shareholders reached RMB 14.02 billion, up from RMB 11.21 billion, representing a growth of about 25.10%[26] - The capital adequacy ratio stood at 14.52%, up from 13.75% at the end of the previous year[10] Other Financial Metrics - The weighted average return on equity was 3.17%, an increase of 0.65 percentage points compared to the previous year[5] - The net interest margin for the quarter was 2.21%, a decrease of 32 basis points from the end of the previous year[10] - Interest income increased to RMB 5.25 billion, compared to RMB 4.63 billion in the previous period, marking a rise of approximately 13.41%[27] - The net interest income for the current period was RMB 2.76 billion, compared to RMB 2.69 billion previously, showing a growth of about 2.83%[27] - The bank's financial investments rose to RMB 52.33 billion, compared to RMB 44.33 billion in the previous year, reflecting an increase of approximately 18.06%[25] Miscellaneous - The company reported non-recurring gains of RMB 21.97 million for the quarter, primarily from asset disposals and government subsidies[7] - The number of ordinary shareholders reached 73,274 as of the reporting period[18] - The company holds financial bonds totaling RMB 1.04 billion, with varying interest rates and maturity dates[20] - The company has not audited its third-quarter report for 2021[35] - The company has implemented the new leasing standards starting from 2021, requiring adjustments to the balance sheet[32]

Financial Performance - Operating income for the first half of 2021 was CNY 2,224,807,488.82, an increase of 4.93% compared to CNY 2,120,224,445.18 in the same period of 2020[23] - Net profit for the first half of 2021 reached CNY 611,160,364.36, representing a 24.07% increase from CNY 492,590,279.25 in the first half of 2020[23] - The net profit attributable to shareholders of the listed company was CNY 596,331,735.77, up 20.90% from CNY 493,251,310.43 in the previous year[23] - Basic earnings per share for the first half of 2021 were CNY 0.33, a 22.22% increase compared to CNY 0.27 in the same period of 2020[23] - The total profit amounted to RMB 616,583,778.56, reflecting a growth of 21.16% compared to RMB 508,882,397.76 in the prior year[53] Assets and Liabilities - Total assets as of June 30, 2021, amounted to CNY 155,927,877,760.06, reflecting an 8.42% increase from CNY 143,817,651,264.21 at the end of 2020[23] - Total liabilities increased by 7.32% to CNY 142.20 billion as of June 30, 2021, compared to CNY 132.51 billion at the end of 2020[90] - Total equity attributable to shareholders of the listed company was CNY 13,593,190,552.38, an increase of 21.31% from CNY 11,205,111,802.25 at the end of 2020[23] Cash Flow - The net cash flow from operating activities was negative at CNY -2,635,475,121.70, a significant decrease compared to CNY 4,581,617,220.72 in the same period of 2020[23] - The bank's net cash flow from operating activities was negative at CNY -2.64 billion for the first half of 2021, compared to a positive CNY 4.58 billion in the same period of 2020[103] Loans and Advances - The total loan and advance principal as of June 30, 2021, was CNY 93.54 billion, an increase of 10.24% from CNY 84.86 billion on December 31, 2020[29] - Personal loans and advances amounted to CNY 40.39 billion, reflecting a growth of 16.71% compared to CNY 34.61 billion at the end of 2020[29] - The bank's loan and advance issuance increased by 9.66% to CNY 89.90 billion, compared to CNY 81.98 billion at the end of 2020[77] Deposits - The bank's total deposits reached CNY 118.97 billion, up by 11.02% from CNY 107.16 billion at the end of 2020[31] - Customer deposits reached CNY 121.92 billion, reflecting an 11.04% increase from CNY 109.79 billion at the end of 2020[93] Non-Performing Loans - The non-performing loan ratio was reported at 0.98%, a decrease from 1.17% at the end of 2020[32] - The non-performing loan ratio decreased to 0.98% from 1.17%, with non-performing loans totaling CNY 920,486,026.31, down by 7.47%[111] Investment Income - The bank's investment income increased by 21.09% to RMB 384,499,376.20, compared to RMB 317,522,762.06 in the previous year[51] - The bank's other operating income, including investment income and other gains, contributed to overall revenue growth[63] Operational Efficiency - The cost-to-income ratio improved to 29.79%, down from 31.27% in 2020, indicating better operational efficiency[32] - The ratio of business and management expenses to operating income rose to 29.79%, up 1.79 percentage points year-on-year[69] Risk Management - The bank's liquidity risk management includes a real-time monitoring system and an emergency response plan for liquidity crises[134] - The bank has implemented measures to strengthen operational risk management, including enhancing internal control processes and employee training[138] Shareholder Information - The total number of shares before the change was 1,807,957,762, with a total of 109,281,997 shares released from restrictions, resulting in a total of 1,807,957,814 shares after the change[186] - The largest shareholder, Jiangsu Shagang Group Co., Ltd., held 147,828,660 shares, representing 8.18% of total shares[196] - The number of shareholders at the end of the reporting period was 76,650[192] Corporate Governance - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[155] - The company has maintained a zero-incident record for major lawsuits and arbitrations during the reporting period[161]

Financial Performance - The total operating income for 2020 was RMB 4,194,692,041.29, an increase of 8.87% compared to RMB 3,852,844,596.19 in 2019[22] - The net profit attributable to shareholders for 2020 was RMB 1,000,677,495.40, reflecting a growth of 4.87% from RMB 954,163,494.71 in 2019[22] - The net profit after deducting non-recurring gains and losses was RMB 963,956,572.02, up by 6.88% from RMB 901,873,915.72 in the previous year[22] - The basic earnings per share for 2020 was RMB 0.55, an increase of 3.77% compared to RMB 0.53 in 2019[22] - The diluted earnings per share rose to RMB 0.48, up by 4.35% from RMB 0.46 in the previous year[22] - The company's net profit for the year was impacted by an increase in tax expenses, which rose to CNY 7.61 million from CNY 28.42 million in 2019[88] - The bank's net profit attributable to shareholders was CNY 1.001 billion, an increase of 4.87% year-on-year, with basic earnings per share of CNY 0.55, up 3.77%[61] Cash Flow and Assets - The net cash flow from operating activities was RMB 7,616,831,140.06, a significant recovery from a negative cash flow of RMB -3,775,770,425.93 in 2019[22] - The total assets at the end of 2020 reached RMB 143,817,651,264.21, representing a 16.88% increase from RMB 123,044,681,891.26 at the end of 2019[22] - The bank's total liabilities increased to RMB 132,508,113,122.02 in 2020 from RMB 112,307,263,071.95 in 2019, reflecting a growth of approximately 17.9%[32] - The company's total equity increased to CNY 11,309,538,142.19, representing a growth of 5.33% compared to the previous year[111] - The bank's total deposits reached CNY 107.165 billion, an increase of 18.03% year-on-year, while loan balance reached CNY 84.856 billion, up 18.84% year-on-year, marking a significant milestone in deposit and loan scale[56] Loan and Credit Quality - Customer loans and advances amounted to RMB 84,855,628,516.34 at the end of 2020, up from RMB 71,405,979,878.94 in 2019, indicating a growth of about 18.5%[32] - The non-performing loan ratio was reported at 1.17% for 2020, a decrease from 1.38% in 2019, indicating improved asset quality[35] - The bank's total loans for small enterprises amounted to RMB 138.15 billion, with a customer count of 4,400, showing growth of 36.05% and 47.65% respectively[50] - The total amount of non-performing loans remained stable, with a slight decrease in the proportion of loans classified as "concern" to 1.70%[121] - The proportion of normal loans improved to 97.13%, up from 96.05% in the previous year, indicating better loan quality[121] Investment and Income - Interest income for 2020 was RMB 6.28 billion, an increase of 11.56% from RMB 5.63 billion in 2019[71] - The bank's investment income decreased by 6.60% to RMB 477.08 million in 2020[71] - The average yield on interest-earning assets was 4.78%, slightly down from 4.84% in the previous year, indicating a tightening margin environment[75] - The bank's credit impairment losses increased by 12.13% to RMB 1.86 billion in 2020[71] - The bank's non-performing loan ratio improved to 1.17%, a decrease of 0.21 percentage points from the beginning of the year, with a provision coverage ratio of 307.83%, up 55.69 percentage points[61] Strategic Initiatives - The bank has established three laboratories focused on financial technology, big data, and online financial products to enhance digital transformation[45] - The bank's strategic focus on rural finance and small enterprises has been reinforced, with significant investments in digital banking and partnerships with leading tech companies[45] - The bank has developed a comprehensive operational risk management framework, including the establishment of a Financial Ethics and Compliance Committee to oversee compliance work[150] - The bank has established a new three-year strategic plan for 2021-2023, focusing on "supporting agriculture and small enterprises," with 47 key projects and 155 tasks to ensure strategic implementation[154] - The bank aims to enhance its digital transformation and risk prevention in key areas, aligning with the national "dual circulation" strategy and the "14th Five-Year Plan" for high-quality development[155] Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 1.60 per 10 shares to all shareholders, with no stock bonus or capital increase for 2020[4] - The profit distribution plan for 2020 includes a cash dividend of 1.6 CNY per 10 shares, totaling 10,090 million CNY for statutory surplus reserves and 20,181 million CNY for general risk reserves[165] - The cash dividend for 2020 is proposed to be 1.6 yuan per 10 shares (including tax), with no stock bonus or capital increase planned[169] - The company has committed to not reducing its shareholding through various means for a period of three years from the date of its initial public offering[172] - The company has a share repurchase plan that will be activated if the stock price falls below the latest audited net asset value per share for 20 consecutive trading days, with a total repurchase amount not exceeding the previous year's distributable net profit[177] Compliance and Governance - The company has no significant litigation or arbitration matters during the reporting period[191] - The company has no bankruptcy restructuring matters during the reporting period[190] - The company has no penalties or rectification measures during the reporting period[197] - The company has no changes in the scope of consolidated financial statements during the reporting period[185] - The company has no significant accounting policy changes compared to the previous year's financial report[183]

Financial Performance - Total operating income for Q1 2021 was CNY 1,072,830,018.09, an increase of 6.73% compared to CNY 1,005,172,788.50 in the same period last year[8] - Net profit attributable to shareholders was CNY 334,021,214.12, representing a 14.20% increase from CNY 292,499,592.81 year-on-year[8] - Net profit after deducting non-recurring gains and losses was CNY 334,475,469.07, up 19.51% from CNY 279,883,252.02 in the previous year[8] - The bank's basic earnings per share increased by 12.50% to CNY 0.18 from CNY 0.16 in the same period last year[8] - Net profit for the current period reached CNY 342,867,387.30, up from CNY 293,150,566.95, indicating a year-over-year increase of about 16.9%[76] - Total profit amounted to RMB 344,287,308.83, up from RMB 312,482,587.31, indicating an increase of approximately 10.2%[84] - Net profit for the period was RMB 320,369,394.66, compared to RMB 290,238,268.29 in the previous period, marking a growth of around 10.4%[84] Assets and Liabilities - Total assets as of March 31, 2021, were CNY 148,423,768,564.12, a 3.20% increase from CNY 143,817,651,264.21 at the end of the previous year[9] - Customer loans and advances amounted to CNY 87,896,394,486.30, reflecting a 3.58% increase from CNY 84,855,628,516.34 at the end of 2020[9] - Total liabilities increased by 3.17% to CNY 136,708,668,272.57 from CNY 132,508,113,122.02 year-on-year[12] - The bank's total liabilities reached RMB 134,435,607,588.95, compared to RMB 130,252,783,215.69, marking an increase of approximately 3.3%[72] - The bank's total equity attributable to shareholders was RMB 11.59 billion, compared to RMB 11.20 billion at the end of 2020, marking a growth of around 3.5%[65] Cash Flow - Net cash flow from operating activities decreased by 61.26% to CNY 1,788,502,855.82 from CNY 4,616,597,506.72 in the same period last year[8] - Cash flow from operating activities totaled RMB 13,579,413,410.88, an increase from RMB 10,182,143,800.08, representing a growth of approximately 33.5%[91] - The net cash flow from financing activities was 247,525,315.54 RMB, compared to a negative cash flow of -1,385,158,120.05 RMB in the previous period[95] - The net cash flow from investment activities was -2,876,315,040.06 RMB, compared to -3,019,610,015.76 RMB in the previous period[99] Capital Adequacy and Ratios - The bank's capital adequacy ratio was 13.18%, above the regulatory requirement of 10.5%[13] - The core tier one capital adequacy ratio is 9.92% as of March 31, 2021, down from 10.35% at the end of 2020[18] - The total capital adequacy ratio stands at 13.18% as of March 31, 2021, compared to 13.75% at the end of 2020[18] - The leverage ratio is 6.2% as of March 31, 2021, slightly down from 6.28% at the end of 2020[21] Loan and Deposit Activities - The total loans classified as normal amount to RMB 8,544,532.15 million, representing 97.21% of total loans as of March 31, 2021[22] - The bank has increased its focus on supporting small and micro enterprises, with over 90% of its loan portfolio directed towards these sectors[23] - The bank's total deposits increased to RMB 118.67 billion from RMB 109.79 billion, representing a growth of about 8.0%[61] - The net increase in customer loans and advances was RMB 2,982,971,805.83, compared to RMB 2,686,492,523.49 in the previous period, representing a growth of approximately 11%[91] Income and Expenses - The bank's investment income increased by 94.59% year-on-year to RMB 155,117,863.71 in Q1 2021, attributed to higher investment returns compared to the same period last year[39] - The bank's commission income rose by 69.13% to RMB 59,516,332.71, primarily due to increased agency service fees[39] - The bank's other business income surged by 612.29% to RMB 2,710,411.23, attributed to higher leasing income[39] - The bank's total operating expenses were RMB 688,612,597.59, compared to RMB 665,245,320.50, indicating a slight increase of about 3.5%[84] Shareholder Information - The total number of ordinary shareholders is 80,680, with the top ten shareholders holding significant stakes[28] - Jiangsu Shagang Group Co., Ltd. is the largest shareholder, holding 8.18% of the shares[28] Digital Transformation and Innovation - The bank is actively implementing a retail transformation strategy, enhancing its core competitiveness and expanding its service offerings[24] - The bank is advancing its digital transformation efforts to improve customer service experiences[24] - The bank has introduced innovative online products and services to enhance customer engagement and operational efficiency[26]