Financial Performance - Net interest income for 2023 was RMB 3,088,261 thousand, a decrease of 5.21% compared to RMB 3,258,171 thousand in 2022[11]. - Total operating income increased by 22.25% to RMB 4,770,347 thousand in 2023 from RMB 3,901,997 thousand in 2022[11]. - Net profit attributable to shareholders reached RMB 994,237 thousand, reflecting a growth of 23.12% year-over-year[11]. - Total operating income for 2023 was RMB 4.77 billion, an increase of RMB 868 million, reflecting a growth of 22.25% from the previous year[32]. - In 2023, the company reported a pre-tax profit of RMB 1.25 billion, an increase of RMB 236 million, representing a growth of 23.29% compared to the previous year[30]. - Non-interest income for 2023 was RMB 1.68 billion, accounting for 35.26% of total operating income, indicating a shift towards diversified income sources[32]. - The bank's average return on total assets was 0.65%, up 0.08 percentage points, while the average return on equity was 9.36%, up 1.23 percentage points[19]. - The bank's total operating expenses for 2023 amounted to RMB 1,722,652,000, an increase of RMB 147,469,000 or 9.36% compared to RMB 1,575,183,000 in 2022[56]. Asset and Liability Management - Total assets of Luzhou Bank reached RMB 157.636 billion as of December 31, 2023[6]. - Total customer loans amounted to RMB 93.039 billion, while total customer deposits were RMB 117.625 billion[6]. - Total liabilities reached RMB 146.71 billion as of December 31, 2023, an increase of RMB 8.28 billion or 5.98% compared to the previous year[77]. - Customer deposits amounted to RMB 117.62 billion, growing by RMB 8.18 billion or 7.47% year-over-year, representing 80.17% of total liabilities[79]. - The bank's equity increased to RMB 10.93 billion, up RMB 0.73 billion or 7.17% compared to the previous year[83]. - The bank's total loans reached RMB 92.46 billion, an increase of 11.63% from the previous year, with non-performing loans totaling RMB 1.25 billion, a decrease of RMB 0.23 billion[88]. - The bank's total financial investments at amortized cost amounted to RMB 14.79 billion, a slight decrease from RMB 15.34 billion in the previous year[76]. Loan and Credit Quality - The non-performing loan ratio improved to 1.35% in 2023, down from 1.53% in 2022[11]. - The quality of new loans significantly improved, achieving the best non-performing loan ratio in four years[14]. - The provision coverage ratio reached 372.42%, an increase of 115.49 percentage points year-on-year, enhancing risk resistance capability[21]. - The bank's non-performing loans totaled RMB 1,244,540 thousand, with the majority (84.72%) concentrated in the leasing and business services, real estate, and construction industries[90]. - The proportion of normal loans increased to 97.37% in 2023 from 96.65% in 2022, while non-performing loans decreased slightly to 1.35% from 1.53%[89]. - The bank's credit risk management has improved, as evidenced by the decrease in the proportion of substandard loans to 0.37% from 1.38% year-on-year[89]. Capital Management - The capital adequacy ratio decreased slightly to 12.74% in 2023 from 13.01% in 2022[12]. - The Tier 1 capital adequacy ratio was 9.61%, down 0.11 percentage points year-on-year, and above regulatory requirements by 1.11 percentage points[108]. - The core Tier 1 capital adequacy ratio increased to 8.12%, up 0.02 percentage points from the previous year, exceeding regulatory requirements by 0.62 percentage points[108]. - The bank adheres to regulatory capital requirements and conducts regular internal capital assessments to ensure adequate capital levels[106]. - The bank's capital management strategy aims to enhance capital risk resistance and return on capital while meeting regulatory requirements[106]. Risk Management - The bank has strengthened credit risk management by optimizing credit structure and enhancing credit approval processes[110]. - The bank's non-performing asset management measures include early intervention and tailored risk resolution plans for overdue loans[103]. - The bank is focusing on post-loan risk management to prevent credit risks and improve asset quality monitoring[112]. - The bank has implemented a comprehensive operational risk management strategy, including internal control improvements and compliance culture promotion[113]. - The bank's liquidity ratio reached 80.14%, exceeding the regulatory requirement by 55.14 percentage points[125]. Shareholder Structure - The bank's total share capital remained unchanged at 2,717,752,062 shares throughout the reporting period[163]. - The top shareholder, Luzhou Laojiao Group Co., Ltd., holds 14.37% of the bank's shares, totaling 390,528,000 shares[167]. - Luzhou Bank reported significant shareholder structures, with major shareholders holding over 5% of the shares or having substantial influence on management decisions[176]. - The report indicates that there are no other known individuals with significant shareholdings as of December 31, 2023, apart from directors and senior management[174]. - The company has established a unified action agreement regarding shareholdings with Luzhou Laojiao Group Co., Ltd. and Luzhou Xinglu Investment Group Co., Ltd. until May 31, 2024[5]. Business Development and Strategy - The company plans to focus on high-quality development and business transformation in 2024, optimizing asset structure and enhancing credit risk management[28]. - The bank is committed to deepening reforms and enhancing internal controls and risk management to ensure sustainable and stable operations[28]. - The bank is focused on enhancing its operational efficiency and expanding its market presence through strategic initiatives[198]. - The bank's strategic direction includes exploring new business opportunities and potential partnerships to drive growth[198]. - The company is actively enhancing its environmental and social risk management strategies in line with national carbon neutrality goals[131].
泸州银行(01983) - 2023 - 年度业绩