ZJB(601860)2022-04-29 16:00Financial Performance - The net profit for 2021 was 1.515 billion yuan, reflecting a year-on-year increase of 5.1%, while the non-performing loan ratio improved to 1.45%, the best level since the company went public[14]. - Operating revenue for 2021 was CNY 4,502,101 thousand, a slight increase of 0.57% compared to CNY 4,476,750 thousand in 2020[42]. - The company’s audited net profit for 2021 was CNY 1,515,203,246.44, with a total distributable profit of CNY 2,792,298,506.42[182]. - The net profit before tax was 1.779 billion RMB, representing a year-on-year growth of 11.16%[95]. - The company achieved operating income of 4,502,101 thousand RMB, a year-on-year increase of 0.57%[93]. - The net interest income was 3.959 billion RMB, an increase of 3.09% year-on-year[105]. - The company reported a decrease in operating costs by 6.52%, totaling 2,724,653 thousand RMB[93]. - The average interest rate on loans was 4.71%, slightly down from 4.86% in the previous year[102]. Asset and Loan Growth - As of the end of 2021, the total assets of Zijin Bank reached 206.7 billion yuan, with a deposit balance of 156.2 billion yuan, an increase of 8 billion yuan from the beginning of the year[14]. - The loan balance was 140.1 billion yuan, growing by 19.4 billion yuan year-on-year, with agricultural and small micro loans accounting for 55.46% of the total[14]. - Total loans and advances increased by 16.05% to CNY 140,059,315 thousand from CNY 120,689,850 thousand in 2020[45]. - The loan-to-asset ratio improved to 67.77%, up by 12.32 percentage points from the beginning of the year[60]. - The company added 341,500 new registered households and 93,300 new credit accounts during the reporting period, with a new credit balance of 3.74 billion yuan[70]. - The company provided 84.421 billion CNY in loans to small and micro enterprises, with a total of 25.931 billion CNY in inclusive loans, an increase of 9.552 billion CNY year-on-year[87]. - The company completed 465 village-level credit assessments, providing loan credit of 38.198 billion CNY to 377,100 rural households[88]. Risk Management - The bank's risk management initiatives included the implementation of automated monitoring systems for credit fund flows and the establishment of a comprehensive risk management framework[20]. - The company is enhancing its risk management framework, focusing on credit, market, liquidity, and compliance risks[65]. - The overdue loans over 90 days accounted for 48.46% of non-performing loans at the end of the reporting period[138]. - The provision for impairment losses on loans and advances decreased significantly to CNY 772,109 in 2021 from CNY 1,206,159 in 2020[111]. Innovation and Product Development - The bank's innovative products included the "Jinling Huinong Small Loan" and carbon emission rights pledge loans, contributing to its service for rural revitalization[15]. - The company launched innovative financial products such as "Jinling Huinong Micro Loan" and "Tax Micro Loan" to support rural revitalization and small businesses[34]. - The company launched the "Zijin Micro e-loan" product, combining online and offline operations to improve efficiency for small and micro enterprises[83]. - The company has established a green loan product system, including "Green Loan," "Green Energy Loan," and "Environmental Protection Loan" to support various environmental initiatives[165]. Market Position and Recognition - The company achieved a significant milestone by being ranked 505th in the 2021 Global 1000 Banks list by The Banker magazine[38]. - The company was recognized as one of the top 100 banks in China by the China Banking Association in 2021[38]. - The company has committed to sustainable development, becoming the first rural commercial bank in China to publish an ESG report[34]. Strategic Focus and Future Plans - The bank plans to focus on "strategic grasp, innovation emphasis, risk control, and cultural building" in 2022 to enhance its competitive edge and risk management capabilities[16]. - The company aims to become a leading rural commercial bank with a focus on service innovation and compliance development[38]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming year[107]. - The company aims for a deposit growth of 11.5%, loan growth of 12.8%, and a net profit increase of over 4.67% for 2022[157]. Social Responsibility and Community Engagement - The company has actively engaged in social responsibility initiatives, including donations to schools and support for vulnerable groups, reaching over 124,000 people through volunteer services[170]. - The company donated over CNY 1.01 million in various materials for health and education support, including 10,000 health gift boxes to key rural areas in Nanjing[170]. - The company has established a volunteer service team for the protection of the Yangtze River dolphin, engaging customers in conservation efforts[168]. Employee Engagement and Corporate Culture - The number of young employees under 35 reached 107, accounting for 34.51% of the total workforce by the end of 2021[173]. - The company has established 20 employee clubs and organized various health and sports activities to enhance employee well-being and brand influence[173]. - The company has implemented a three-level consumer rights protection system, enhancing customer experience and satisfaction[174]. Shareholder and Profit Distribution Policies - A cash dividend of CNY 1 per 10 shares (totaling CNY 366,095,756.60) is proposed for distribution to shareholders[182]. - The company has committed to maintaining a continuous and stable profit distribution policy, with cash distributions not exceeding the cumulative distributable profit[184]. - The company will evaluate the implementation of the shareholder dividend return plan at least once every three years[188].