Financial Performance - The bank plans to allocate 10% of its audited net profit for 2022, amounting to RMB 586 million, to statutory surplus reserves[6]. - A cash dividend of RMB 0.29 per share (before tax) is proposed, pending approval at the 2022 annual general meeting[6]. - The bank's financial report for 2022 has been audited by KPMG and received a standard unqualified opinion[6]. - Operating income for 2022 was RMB 13,235,957 thousand, representing a year-on-year increase of 1.84%[28]. - Pre-tax profit reached RMB 6,284,062 thousand, up 4.92% compared to the previous year[28]. - Net profit for 2022 was RMB 6,082,525 thousand, reflecting a growth of 6.66% year-on-year[28]. - Total assets as of the end of 2022 amounted to RMB 657,689,972 thousand, an increase of 10.84% from the previous year[30]. - Customer loans and advances totaled RMB 331,997,701 thousand, marking an 11.37% increase year-on-year[30]. - The average return on total assets for 2022 was 0.97%, a decrease of 0.03 percentage points from the previous year[31]. - The average return on equity was 11.72%, down 1.15 percentage points compared to 2021[31]. - The net interest margin for 2022 was 1.89%, a slight decrease of 0.01 percentage points from the previous year[31]. - The cost-to-income ratio increased to 34.78%, up 0.60 percentage points year-on-year[31]. - Earnings per share for 2022 was RMB 0.86, a decrease of 7.53% compared to the previous year[29]. Risk Management - The bank has not identified any significant risks that could adversely affect its future development strategy and operational goals[6]. - The report includes a detailed description of the main risks faced by the bank and the measures taken to address them[6]. - The company has established a comprehensive risk management system based on compliance and risk control[12]. - The company has a robust governance structure with a diverse equity composition, ensuring effective management and stability[25]. - The company has established a comprehensive risk management framework, ensuring risk tolerance aligns with capital adequacy levels[144]. - The bank's liquidity risk management strategy effectively maintained liquidity risk within acceptable limits, with no significant liquidity risk events reported during the period[146]. - The bank's total credit risk was well-controlled, with the non-performing loan ratio maintained within management targets[145]. Strategic Initiatives - The company aims to enhance rural revitalization through the "133" project, focusing on high-quality agriculture, livable rural areas, and farmer prosperity[10]. - The "1+12348" strategic plan targets high-quality development by leveraging digitalization and group operations, with a focus on technology, talent, and capital as key drivers[10]. - The company is committed to a regional group operation strategy, focusing on the Guangdong-Hong Kong-Macao Greater Bay Area, with a new operational framework[12]. - The company is actively pursuing new product development and technological advancements to enhance its service offerings[12]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions[12]. - The bank's management is focused on digital transformation and group development, aiming to enhance core competitiveness and achieve high-quality growth[128]. Customer Engagement and Services - The company reported a significant increase in user engagement, extending financial services to the entire industrial chain, supply chain, and value chain[12]. - The company aims to build a regional modern agricultural commercial bank group, focusing on high-quality development led by strong party governance[23]. - The company focuses on core customer groups, including modern agriculture, advanced manufacturing, and small and micro enterprises, to create a vibrant customer ecosystem[24]. - The company has established partnerships with 597 grassroots party organizations in villages, achieving a 100% coverage rate for party-building initiatives[192]. - The bank's rural financial service center has deployed nearly 4,000 financial service personnel to enhance financial service accessibility in rural areas[191]. Loan and Asset Quality - Non-performing loan ratio stood at 0.90% with a provision coverage ratio of 373.83%, reflecting strong asset quality and stable risk management[15]. - Loans to the manufacturing sector reached RMB 48.3 billion, an increase of 22.84% year-on-year, highlighting the commitment to support the real economy[16]. - Loans for rural revitalization exceeded RMB 66.7 billion, up 18.51% from the beginning of the year, demonstrating a focus on agricultural finance[16]. - The total amount of loans and advances as of December 31, 2022, was RMB 331.99 billion, with a non-performing loan (NPL) amount of RMB 2.87 billion, resulting in an NPL ratio of 0.90%[102]. - The total amount of mortgage loans was RMB 170.43 billion, with an NPL ratio of 0.83%[104]. - The total amount of guaranteed loans was RMB 84.45 billion, with an NPL ratio of 0.53%[104]. Digital Transformation - The bank's digital transformation strategy aims to create a "smart digital bank" with a focus on organizational innovation and data governance[168]. - The bank has launched 16 data empowerment projects and developed 20 self-researched machine learning algorithm models, marking a significant innovation breakthrough[129]. - The bank's smart customer service systems have improved operational efficiency in marketing, risk warning, and overdue collection[169]. - The bank has built a data governance framework and completed the planning for a data middle platform to enhance operational efficiency[168]. - The bank's new organizational structure for digital transformation includes a dedicated data management team to standardize and professionalize data management[168]. Community and Social Responsibility - The company has donated RMB 10.3612 million to support educational initiatives as part of its poverty alleviation efforts[184]. - The total amount allocated for relief assistance reached RMB 9.613 million, actively participating in rural revitalization projects[184]. - The company conducted 1,513 consumer protection education activities, reaching 2.1788 million consumers in 2022[183]. - The bank organized nearly 4,000 personnel to conduct over 600 volunteer activities in rural areas, promoting financial literacy and support[180].
东莞农商银行(09889) - 2022 - 年度财报