Financial Performance - Interest income increased by 1.6% to RMB 8,593.6 million in 2022 compared to RMB 8,456.5 million in 2021[13] - Net fee and commission income grew by 21.5% to RMB 841.7 million in 2022 from RMB 692.8 million in 2021[13] - Operating income rose by 5.0% to RMB 10,869.9 million in 2022 from RMB 10,347.5 million in 2021[13] - Net profit attributable to shareholders decreased by 6.6% to RMB 1,615.1 million in 2022 from RMB 1,728.6 million in 2021[13] - Basic earnings per share dropped by 26.39% to RMB 0.53 in 2022 from RMB 0.72 in 2021[13] - Average return on total assets declined by 0.05 percentage points to 0.36% in 2022 from 0.41% in 2021[14] - Net interest margin decreased by 0.09 percentage points to 1.91% in 2022 from 2.00% in 2021[14] - Core tier 1 capital adequacy ratio fell by 0.35 percentage points to 7.93% in 2022 from 8.28% in 2021[14] - Total capital adequacy ratio decreased by 0.59 percentage points to 12.62% in 2022 from 13.21% in 2021[14] - Total assets increased to RMB 479,703.5 million in 2022, up 3.9% from RMB 461,503.0 million in 2021[15] - Customer loans and advances net balance grew to RMB 271,535.2 million in 2022, an 11.8% increase from RMB 242,938.4 million in 2021[15] - Customer deposits rose to RMB 377,340.0 million in 2022, a 9.4% increase from RMB 344,851.1 million in 2021[15] - Non-performing loan ratio increased to 1.82% in 2022, up 0.41 percentage points from 1.41% in 2021[15] - Provision coverage ratio decreased to 173.01% in 2022, down 41.65 percentage points from 214.66% in 2021[15] - Loan-to-deposit ratio rose to 73.98% in 2022, up 1.57 percentage points from 72.41% in 2021[16] - Liquidity coverage ratio dropped to 267.97% in 2022, down 158.34 percentage points from 426.31% in 2021[16] - Single largest customer loan and advance ratio decreased to 0.64% in 2022, down 0.24 percentage points from 0.88% in 2021[16] - Total equity increased to RMB 36,416.2 million in 2022, up 2.8% from RMB 35,413.2 million in 2021[15] - Net capital rose slightly to RMB 42,594.0 million in 2022, a 0.1% increase from RMB 42,530.5 million in 2021[15] - The company achieved a total operating income of RMB 108.70 billion and a net profit of RMB 16.80 billion in 2022[28] - Total assets reached RMB 4,797.04 billion, a year-on-year increase of 3.9%[28] - Customer loans and advances totaled RMB 2,791.65 billion, up 11.8% from the previous year[28] - Customer deposits amounted to RMB 3,773.40 billion, a 9.4% increase from the end of the previous year[28] - The non-performing loan ratio stood at 1.82%, with a provision coverage ratio of 173.01% and a capital adequacy ratio of 12.62%[28] - The company achieved a pre-tax profit of RMB 20.01 billion in 2022, a year-on-year increase of 0.2%, while net profit decreased by 5.8% to RMB 16.80 billion[29] - Net interest income increased by 1.6% to RMB 8.59 billion, accounting for 79.1% of total operating income[30] - Fee and commission net income grew by 21.5% to RMB 841.7 million, driven by a 17.6% increase in fee and commission income[29] - The net interest margin decreased to 1.91% in 2022 from 2.00% in 2021, while the net interest spread remained stable at 1.93%[30] - Interest income from customer loans and advances increased by RMB 1.26 billion, primarily due to a RMB 1.87 billion increase from scale expansion, despite a RMB 608.5 million decrease from interest rate changes[33] - Interest expense increased by RMB 531.2 million, with customer deposits contributing RMB 1.13 billion due to scale expansion, partially offset by a RMB 596.5 million decrease from interest rate changes[33] - The average yield on interest-earning assets decreased to 4.43% in 2022 from 4.55% in 2021, while the average cost of interest-bearing liabilities decreased to 2.50% from 2.63%[30] - Financial investment income decreased by 0.9% to RMB 1.05 billion, while other operating income surged by 177.0% to RMB 385.3 million[29] - Operating expenses increased by 5.9% to RMB 3.28 billion, and asset impairment losses rose by 6.4% to RMB 5.60 billion[29] - Profit attributable to non-controlling interests increased by 16.2% to RMB 65.3 million, while profit attributable to the company's shareholders decreased by 6.6% to RMB 1.62 billion[29] - Interest income for 2022 reached RMB 19.948 billion, an increase of RMB 668 million, or 3.5% YoY, driven by growth in interest-earning assets, partially offset by a decline in average asset yield[36] - Customer loans and advances interest income increased by RMB 1.262 billion, or 9.9% YoY, to RMB 13.966 billion, due to an increase in the average balance of customer loans and advances[36] - Financial investment interest income decreased by RMB 398 million, or 7.2% YoY, to RMB 5.111 billion, as the company adopted a more conservative investment strategy, increasing low-risk investments like government bonds[37] - Interest income from reverse repurchase agreements decreased by RMB 158 million, or 29.0% YoY, to RMB 389 million, due to a decline in the average yield of reverse repurchase assets[38] - Interest income from deposits with the central bank decreased by RMB 43 million, or 8.7% YoY, to RMB 452 million, primarily due to a decrease in the average balance of deposits with the central bank[39] - Interest income from deposits with other financial institutions increased by RMB 7 million, or 28.0% YoY, to RMB 30 million, driven by an increase in the average yield, partially offset by a decrease in the average balance[40] - Interest expenses for 2022 increased by RMB 531 million, or 4.9% YoY, to RMB 11.354 billion, mainly due to higher customer deposit interest expenses[41] - Customer deposit interest expenses increased by RMB 1.134 billion, or 13.7% YoY, to RMB 9.395 billion, driven by an increase in both the average interest rate and the average balance of customer deposits[42] - Interest expenses from deposits with other financial institutions decreased by RMB 103 million, or 18.0% YoY, to RMB 471 million, as the company optimized its liability structure[44] - Net interest margin decreased from 2.00% in 2021 to 1.91% in 2022, reflecting the narrowing of overall market interest rate spreads due to further interest rate marketization[48] - Fee and commission net income reached RMB 842 million, an increase of RMB 149 million, up 21.5% year-on-year, driven by strengthened management of intermediary business income[49] - Credit commitment and financial guarantee fees increased to RMB 256 million, up 11.4% year-on-year, due to growth in bank guarantee and commercial bill acceptance business[49] - Wealth management fee income rose to RMB 237 million, a 3.4% increase year-on-year, attributed to the expansion of wealth management asset scale[50] - Settlement and clearing service fee income surged to RMB 221 million, a 105.3% year-on-year increase, driven by higher credit letter issuance fees[50] - Financial investment income net amounted to RMB 1.049 billion, a slight decrease of 0.9% year-on-year, reflecting a conservative investment strategy[51] - Operating expenses totaled RMB 3.275 billion, up 5.9% year-on-year, in line with overall business growth[53] - Employee compensation expenses increased to RMB 1.819 billion, a 3.2% rise year-on-year, due to expanded workforce[54] - Depreciation and amortization expenses rose to RMB 423 million, up 21.1% year-on-year, reflecting changes in tangible assets and equipment[55] - Asset impairment losses reached RMB 5.602 billion, a 6.4% increase year-on-year, due to enhanced financial asset risk management[57] - Income tax expenses increased to RMB 321 million, up 50.3% year-on-year, driven by higher non-deductible write-off losses[60] - Total assets of the group increased by RMB 18.201 billion (3.9%) to RMB 479.704 billion as of December 31, 2022, primarily due to increases in customer loans and advances, and financial investments[62] - Customer loans and advances totaled RMB 279.165 billion, an increase of RMB 29.451 billion (11.8%) compared to the previous year, driven by steady growth in corporate loans and retail loan business development[65] - Corporate loans and advances increased by RMB 12.745 billion (8.5%) to RMB 162.427 billion, supported by the group's efforts to expand corporate credit and support the real economy[66] - Retail loans and advances grew by RMB 9.042 billion (10.4%) to RMB 95.632 billion, mainly due to the steady development of personal business loans[72] - Bill discounting increased by RMB 7.663 billion (57.0%) to RMB 21.106 billion, as the group intensified efforts in bill discounting due to its low capital consumption and customer financing costs[73] - Financial investments increased by RMB 2.263 billion (1.5%) to RMB 153.476 billion, primarily due to an increase in debt securities held by the group[76] - Total financial investments amounted to RMB 153.476 billion, with debt securities accounting for 71.9% (RMB 110.427 billion), non-standardized investments for 18.5% (RMB 28.339 billion), and other financial investments for 7.9% (RMB 12.078 billion)[77] - Cash and deposits with central bank decreased by 7.1% to RMB 33.148 billion, primarily due to strategic adjustments in asset structure[78] - Total liabilities increased by 4.0% to RMB 443.287 billion, with customer deposits rising by 9.4% to RMB 377.340 billion[79][82] - Deposits from other financial institutions decreased by 17.2% to RMB 2.232 billion, reflecting adjustments in liquidity management[78] - Borrowings from central bank decreased by 49.4% to RMB 12.841 billion, mainly due to the maturity of existing borrowings[86] - Repurchase agreements increased by 71.9% to RMB 1.700 billion, driven by liquidity management adjustments[87] - Issued debt securities decreased by 8.4% to RMB 28.800 billion, reflecting active management of interbank liabilities[88] - Current deposits from corporate clients accounted for 31.9% (RMB 120.222 billion) of total customer deposits, while personal clients' current deposits made up 7.0% (RMB 26.658 billion)[84] - Fixed-term deposits from personal clients increased to 33.7% (RMB 127.081 billion) of total customer deposits, up from 31.4% in the previous year[84] - Guarantee deposits decreased to 10.6% (RMB 39.894 billion) of total customer deposits, down from 12.5% in the previous year[84] - Total equity of the group increased by RMB 10.03 billion to RMB 364.16 billion, a growth of 2.8% compared to the previous year[90] - The group's off-balance sheet commitments increased by RMB 10.64 billion to RMB 108.18 billion, a growth of 10.9%, primarily due to increases in unused credit card limits and letters of credit[94] - The group's non-performing loan (NPL) balance reached RMB 5.07 billion, with an NPL ratio of 1.82%, up by 0.41 percentage points from the previous year[95] - Normal and special mention loans totaled RMB 274.10 billion, accounting for 98.18% of total loans, while NPLs accounted for 1.82%[98] - Corporate loans and advances increased by RMB 12.75 billion to RMB 162.43 billion, with an NPL ratio of 2.19%, up by 0.62 percentage points[101] - Retail loans and advances increased by RMB 9.04 billion to RMB 95.63 billion, with an NPL ratio of 1.58%, up by 0.24 percentage points[101] - The increase in NPL ratio was mainly due to weakened repayment capacity of some customers affected by the overall economic environment and the pandemic[101] - Manufacturing industry loans amounted to RMB 32.74 billion, accounting for 11.7% of total loans, with a non-performing loan (NPL) rate of 0.53%[102] - Real estate industry loans totaled RMB 25.78 billion, representing 9.2% of total loans, with an NPL rate of 1.94%[102] - Wholesale and retail industry loans reached RMB 24.67 billion, making up 8.8% of total loans, with an NPL rate of 2.73%[102] - Leasing and business services industry loans were RMB 18.53 billion, accounting for 6.6% of total loans, with an NPL rate of 4.10%[102] - Transportation, storage, and postal industry loans stood at RMB 1.91 billion, representing 0.7% of total loans, with an NPL rate of 36.07%[102] - Total corporate loans and advances amounted to RMB 162.43 billion, accounting for 58.2% of total loans, with an NPL rate of 2.19%[102] - Total retail loans and advances were RMB 95.63 billion, making up 34.3% of total loans, with an NPL rate of 1.58%[102] - Mortgage loans totaled RMB 102.80 billion, representing 36.8% of total loans, with an NPL rate of 2.60%[105] - Guaranteed loans amounted to RMB 77.52 billion, accounting for 27.8% of total loans, with an NPL rate of 0.80%[105] - Pledged loans were RMB 54.08 billion, making up 19.4% of total loans, with an NPL rate of 1.90%[105] - The company's loan balance in Jiangxi Province reached RMB 231.41 billion, accounting for 82.9% of the total customer loans and advances, with an increase of RMB 28.19 billion compared to the previous year[110] - The non-performing loan (NPL) balance in Jiangxi Province increased by RMB 699 million, and the NPL ratio rose by 0.11 percentage points, primarily due to weakened repayment capabilities of some customers[110] - The total NPL balance for the company was RMB 5.07 billion, with an NPL ratio of 1.82%, compared to RMB 3.51 billion and 1.41% in the previous year[108] - The company's loan balance in Jiujiang City, Jiangxi Province, was RMB 87.43 billion, an increase of RMB 12.57 billion from the previous year[110] - The total overdue loans amounted to RMB 5.29 billion, accounting for 1.9% of the total customer loans and advances, an increase of RMB 557 million compared to the previous year[118] - The company's loan impairment loss allowance increased by RMB 1.23 billion to RMB 8.76 billion, a 16.3% increase from the previous year[121] - The company's operating income in Jiangxi Province was RMB 9.76 billion, accounting for 89.8% of the total operating income, an increase from 81.6% in the previous year[123] - The company's loan exposure to the top ten single borrowers was RMB 11.81 billion, accounting for 4.24% of the total loans and 27.73% of the company's net capital[114] - Company banking business revenue was RMB 5,049.7 million, accounting for 46.5% of total revenue, a decrease from 49.0% in 2021[124] - Retail banking business revenue increased to RMB 3,113.2 million, accounting for 28.6% of total revenue, up from 28.1% in 2021[124] - Financial markets business revenue grew to RMB 2,626.2 million, representing 24.2% of total revenue, up from 21.2% in 2021[124] - Total operating revenue reached RMB 10,869.9 million, a 5.0% increase from RMB 10,347.5 million in 2021[124] - Capital adequacy ratio decreased to 12.62% in 2022, down 0.59 percentage points from 13.21% in 2021[125][126] - Core tier 1 capital adequacy ratio declined to 7.93% in 2022, down 0.35 percentage points from 8.
九江银行(06190) - 2022 - 年度财报