Financial Performance - Total assets of Luzhou Bank reached RMB 157.636 billion, with total customer loans at RMB 93.039 billion and total customer deposits at RMB 117.625 billion[5]. - Net interest income decreased by 5.21% to RMB 3,088.261 million compared to RMB 3,258.171 million in 2022[9]. - Operating income increased by 22.25% to RMB 4,770.347 million from RMB 3,901.997 million in the previous year[9]. - Net profit attributable to shareholders rose by 23.12% to RMB 994.237 million, up from RMB 807.529 million in 2022[9]. - Basic earnings per share improved to RMB 0.33, up from RMB 0.26 in the previous year[8]. - Operating income and net profit growth exceeded asset, deposit, and loan growth by over 10 percentage points[14]. - In 2023, the company's pre-tax profit reached RMB 1.25 billion, an increase of RMB 236 million, representing a growth of 23.29% compared to the previous year[21]. - The net profit for 2023 was RMB 994.24 million, up by RMB 187 million, with a growth rate of 23.12% year-on-year[21]. - Total operating income for 2023 was RMB 4.77 billion, an increase of RMB 868 million, reflecting a growth of 22.25% compared to 2022[23]. Asset and Liability Management - Total assets increased by 6.06% year-on-year to RMB 157.64 billion in 2023[10]. - Total liabilities increased by 5.98% year-on-year to RMB 146.71 billion[10]. - Customer deposits grew by 7.47% year-on-year to RMB 117.62 billion[10]. - The total amount of customer loans was RMB 93.04 billion, an increase of RMB 9.86 billion, representing a growth of 11.85% year-on-year[50]. - The net amount of customer loans was RMB 88.47 billion, an increase of RMB 8.47 billion, reflecting a growth of 10.58% compared to the previous year[50]. - The total investment value as of the end of December 2023 was RMB 51.55 billion, an increase of RMB 3.02 billion or 6.22% compared to the end of 2022[55]. Credit Quality and Risk Management - The bank's expected credit losses and other asset impairment losses increased by 36.74% to RMB 1,799.374 million compared to RMB 1,315.882 million in 2022[9]. - Non-performing loan ratio decreased to 1.35%, the best level in four years[10]. - Provision coverage ratio increased significantly by 115.49 percentage points to 372.42%[10]. - The total amount of overdue loans was RMB 1.34 billion, a decrease of RMB 236 million from the end of the previous year, with an overdue loan ratio of 1.45%[84]. - The bank's loan loss provisions measured at amortized cost increased to RMB 4.57 billion at year-end 2023, up RMB 1.39 billion from the previous year, representing a growth rate of 43.72%[86]. - The bank's non-performing loans management included exploring multiple channels for asset resolution, such as debt transfer[87]. Income Sources - The proportion of net interest income in total operating income decreased to 64.74%, down by 18.76 percentage points from the previous year[23]. - Non-interest income for 2023 was RMB 1.68 billion, accounting for 35.26% of total operating income[23]. - The bank's income from wealth management fees was RMB 127.21 million, an increase of RMB 24.84 million, representing a growth of 24.26% year-on-year[42]. - The bank's financial investment net income was RMB 354.06 million, an increase of RMB 219.76 million, representing a growth of 163.52% year-on-year[44]. - Non-interest income surged to RMB 1,682.09 million, an increase of RMB 1,038.38 million or 161.26% compared to the previous year[40]. Governance and Management - The company appointed new non-executive directors and independent non-executive directors on March 13, 2023, enhancing its governance structure[155]. - The company has maintained a consistent leadership structure with no significant changes in the supervisory board members[156]. - The company continues to focus on enhancing its governance and management capabilities through strategic appointments and stability in leadership[156]. - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and senior management[190]. - The company has committed to maintaining high standards of corporate governance and adhering to best practices[199]. Market Position and Recognition - The bank ranked 17th in the "GYROSCOPE" evaluation system for urban commercial banks, with a competitiveness ranking of 4th[7]. - Luzhou Bank was awarded the "Pioneer Bank in Inclusive Finance" in the 21st China Economic Wind and Cloud List[7]. - The bank operates 39 business outlets across its branches in Chengdu, Meishan, and Suining[5]. Employee and Workforce - The total number of employees at Luzhou Bank is 1,445, with an average age of 34.53 years[183]. - Employees aged 20 to 30 years account for 31.83% of the workforce, while those aged 30 to 40 years make up 46.09%[183]. - Employees with a master's degree or higher total 276, representing 19.10% of the workforce[184]. - The gender distribution shows 43.53% male employees and 56.47% female employees, indicating a balanced gender ratio[185]. - A total of 407 internal and external training sessions were conducted, with approximately 18,200 participants[186].
泸州银行(01983) - 2023 - 年度财报