Financial Performance - Total assets of the company reached RMB 840.77 billion, a year-on-year increase of 10.5%[6] - Total liabilities amounted to RMB 775.74 billion, up 10.7% compared to the previous year[6] - Operating income for the year was RMB 16.46 billion, representing a 4.4% year-on-year growth[6] - Profit before tax stood at RMB 3.92 billion, an increase of 2.9% from the previous year[6] - Net profit reached RMB 3.77 billion, marking a 5.7% year-on-year growth[6] - Total assets increased by 10.5% to RMB 840.77 billion, with customer loans and advances growing by 17.4% to RMB 396.01 billion[26] - Total liabilities rose by 10.7% to RMB 775.74 billion, with customer deposits increasing by 13.3% to RMB 450.69 billion[26] - Net profit attributable to equity holders of the bank grew by 5.5% to RMB 3.76 billion, with basic and diluted earnings per share increasing by 5.1% to RMB 0.62[24] - Operating income increased to RMB 16.46 billion, up 4.4% year-on-year, with net profit rising to RMB 3.77 billion, up 5.7% year-on-year[32] - Total assets reached RMB 840.77 billion, a year-on-year increase of 10.5%[35] - Total liabilities amounted to RMB 775.74 billion, a year-on-year increase of 10.7%[35] - Operating income was RMB 16.46 billion, up 4.4% year-on-year[35] - Net profit reached RMB 3.77 billion, a year-on-year increase of 5.7%[35] - Total assets reached RMB 840.77 billion, a year-on-year increase of 10.5%, with loan balance at RMB 396.01 billion, up 17.4%[42] - Deposit balance increased to RMB 450.69 billion, a year-on-year growth of 13.3%[42] - Net profit rose to RMB 3.77 billion, a year-on-year increase of 5.7%[42] - Total assets increased by RMB 79.69 billion, a year-on-year increase of 10.5%, driven by increased credit to key sectors of the real economy[87] - Total assets increased by 11.4% to RMB 1,038.62 billion[125] Asset and Liability Structure - The company's registered capital was RMB 6.071 billion as of the end of 2023[6] - Domestic legal person shares accounted for 65.47% of the equity structure[6] - Domestic individual shares made up 5.46% of the equity structure[6] - H-shares represented 29.07% of the equity structure[6] - The company operates 218 business outlets nationwide, including 1 business department, 7 first-level branches, 6 second-level branches, and 6 central sub-branches[6] - Total assets of Tianjin Bank reached nearly 800 billion yuan in the first half of 2023, with both net interest margin and net interest spread increasing year-on-year[21] - Total assets increased by 10.5% to RMB 840.77 billion, with loan balance at RMB 396.01 billion, up 17.4% year-on-year[32] - Total deposits increased to RMB 450.69 billion, up 13.3% year-on-year, with corporate deposits at RMB 263.55 billion, up 6.5%, and personal deposits at RMB 165.80 billion, up 18.4%[33] - Loan balance in Tianjin region grew to RMB 236.73 billion, up 31.3% year-on-year, ranking first among financial institutions in Tianjin[33] - Green loan balance increased to RMB 24.35 billion, up 51.25% year-on-year, while loans to technology-based enterprises grew by 14.97%[33] - Total assets reached RMB 840.77 billion, a year-on-year increase of 10.5%, with loan balance at RMB 396.01 billion, up 17.4%[42] - Green loan balance surged to RMB 24.35 billion, a year-on-year growth of 51.25%[45] - Loans to technology-based enterprises increased by 14.97% year-on-year[43] - Inclusive small and micro enterprise loans grew to RMB 37.25 billion, up 26.01% year-on-year[45] - The "Smart Merchant" platform served nearly 1 million merchants, with daily transactions reaching 5.8 million users and 8 million transactions[45] - Interest income increased to RMB 31.21 billion, a year-on-year growth of 2.7%[46] - Pre-tax profit rose to RMB 3.92 billion, a year-on-year increase of 2.9%[46] - Net interest margin increased from 1.73% to 1.75% year-over-year, while net interest yield decreased from 1.70% to 1.65%[47] - Total interest income for 2023 was RMB 31.21 billion, an increase of RMB 830 million (2.7%) compared to the previous year, driven by a 2 basis point increase in the average yield of interest-earning assets to 4.52%[53] - Interest income from customer loans and advances increased by RMB 2.07 billion (10.5%) to RMB 21.84 billion, with the average balance rising by 11.6% to RMB 3,688.1 billion[54] - Interest income from investment securities and other financial assets decreased by RMB 1.09 billion (12.3%) to RMB 7.77 billion, with the average balance dropping by 4.4% to RMB 2,412.3 billion and the average yield falling by 29 basis points to 3.22%[55] - Interest income from receivables from banks and other financial institutions decreased by RMB 150 million (12.2%) to RMB 1.08 billion, with the average balance declining by 15.6% to RMB 337.2 billion[56] - Interest income from deposits with banks and other financial institutions decreased by RMB 5 million (24.5%) to RMB 15.4 million, with the average balance dropping by 38.4% to RMB 76.4 billion[57] - Interest income from deposits with the central bank remained stable at RMB 511.3 million, with a slight decrease of RMB 1 million (0.2%)[58] - Total interest expenses increased by RMB 880 million (4.6%) to RMB 19.79 billion, primarily due to a rise in the average balance of customer deposits[60] - The average balance of customer deposits increased to RMB 4,150.3 billion, with interest expenses rising to RMB 11.99 billion, reflecting a slight decrease in the average interest rate from 2.96% to 2.89%[49] - Customer deposit interest expenses increased by RMB 6.9 billion, a year-on-year increase of 6.1%, with the average balance of customer deposits rising by 8.7% to RMB 4,150.3 billion, while the average interest rate decreased by 7 basis points to 2.89%[61] - Interest expenses on deposits from other financial institutions increased by RMB 2.7 billion, a year-on-year increase of 26.7%, with the average balance rising by 12.8% to RMB 512.1 billion[62] - Interest expenses on bonds issued decreased by RMB 8.6 billion, a year-on-year decrease of 28.9%, with the average balance decreasing by 18.0% to RMB 804.7 billion and the average interest rate decreasing by 41 basis points to 2.63%[64] - Investment income increased by RMB 13.4 billion, a year-on-year increase of 84.6%, reaching RMB 29.3 billion[69] - Net fee and commission income decreased by RMB 1.2 billion, a year-on-year decrease of 6.9%, totaling RMB 15.7 billion[71] - Trading net loss decreased by RMB 4.4 billion, a year-on-year decrease of 54.6%, totaling RMB 3.6 billion[72] - Operating expenses increased by RMB 3.4 billion, a year-on-year increase of 7.7%, reaching RMB 47.9 billion, mainly due to increases in employee compensation and general administrative expenses[75] - Employee compensation expenses increased by RMB 1.7 billion, a year-on-year increase of 7.5%, totaling RMB 24.5 billion[76] - Taxes and surcharges increased by RMB 0.3 billion, a year-on-year increase of 13.1%, mainly due to the growth in interest income leading to higher VAT surcharges[78] - Office and rental expenses increased by RMB 0.7 billion, a year-on-year increase of 16.4%, primarily due to increased technology investments[78] - Other general operating and administrative expenses increased by RMB 1.0 billion, a year-on-year increase of 13.9%, mainly due to increased business activities and deposit insurance costs[79] - Depreciation and amortization decreased by RMB 0.3 billion, a year-on-year decrease of 3.3%, mainly due to some assets being fully depreciated[81] - Expected credit loss impairment increased by RMB 2.5 billion, a year-on-year increase of 3.3%, primarily due to increased provisions for risk coverage[82] - Income tax expenses decreased by RMB 0.9 billion, a year-on-year decrease of 37.8%, mainly due to an increase in tax-exempt income[84] - Corporate loans increased by RMB 89.02 billion, a year-on-year increase of 48.1%, reflecting the company's focus on supporting key economic sectors[90] - Short-term corporate loans decreased to 17.7% of total corporate loans, while medium- and long-term loans increased to 82.3% of total corporate loans, reflecting a shift in loan structure[92] - Total corporate loans increased by 48.1% to RMB 274.02 billion, with medium- and long-term loans growing by 60.8% to RMB 225.40 billion[92] - Working capital loans increased by 41.0% to RMB 124.75 billion, driven by increased credit support for production and operational activities[93][94] - Fixed asset loans grew by 46.4% to RMB 101.98 billion, primarily due to increased credit support for project construction[93][94] - Trade financing surged by 117.0% to RMB 7.60 billion, reflecting higher customer financing demand[93][94] - Other corporate loans, including M&A and factoring, increased by 69.7% to RMB 39.70 billion[93][94] - Personal loans decreased by 10.1% to RMB 110.59 billion, with personal consumption loans dropping by 21.6% to RMB 48.45 billion[96][97] - Personal business loans increased by 11.8% to RMB 37.43 billion, supported by targeted credit products for individual businesses[97] - Housing mortgage loans declined by 11.0% to RMB 24.70 billion, impacted by weak housing market demand and increased prepayments[98] - Investment securities and other financial assets grew by 7.2% to RMB 346.67 billion, driven by increased investment in standardized bonds[100] - Total investment securities and other financial assets increased by 7.2% to RMB 346.6685 billion, with bonds accounting for 69.7% of the total[101] - Bonds measured at amortized cost decreased by 4.5% to RMB 141.7669 billion, while bonds measured at fair value through other comprehensive income increased by 35.9% to RMB 88.8632 billion[101] - Funds increased significantly by 92.7% to RMB 40.5794 billion, reflecting a strategic shift in asset allocation[101] - Asset management plans and trust plans decreased by 16.1% to RMB 48.4913 billion, indicating a reduction in non-standard credit assets[101] - The bank's bond holdings increased by 9.8% to RMB 242.2102 billion, with a notable 18.5% increase in bonds issued by Chinese public entities and policy banks[102] - Government bonds increased by 4.4% to RMB 81.2346 billion, while corporate bonds saw a significant 21.2% increase to RMB 53.2618 billion[102] - Financial assets measured at fair value through profit or loss increased by 23.3% to RMB 93.9179 billion, reflecting a more active trading strategy[104] - Reverse repurchase financial assets decreased by 30.6% to RMB 7.6688 billion, as the bank adjusted its asset structure[106] - Cash and deposits with central banks increased by 5.1% to RMB 45.09 billion, indicating improved liquidity management[107] - Customer deposits increased by RMB 52.92 billion (13.3%) to RMB 450.69 billion, driven by the company's focus on deposit growth strategies[111][112] - Corporate deposits grew by RMB 16.07 billion (6.5%) to RMB 263.55 billion, with a significant increase in demand deposits (14.3%)[113][114] - Personal deposits rose by RMB 25.76 billion (18.4%) to RMB 165.80 billion, supported by optimized financial resource allocation and marketing strategies[113][114] - Interbank and other financial institution deposits surged by RMB 16.97 billion (40.3%) to RMB 590.44 billion, reflecting adjustments in liability structure[116] - Central bank borrowings increased by RMB 16.40 billion (26.5%) to RMB 782.01 billion, leveraging policy support tools[120] - Issued bonds decreased by RMB 10.19 billion (10.9%) to RMB 832.86 billion due to adjustments in liability business structure[115] - Total liabilities grew by RMB 75.28 billion (10.7%) to RMB 7,757.42 billion, primarily driven by customer deposit growth[110][111] - Derivative financial assets increased by RMB 24 million (41.0%) to RMB 83 million, influenced by market volatility[108] - Other assets decreased by RMB 1.45 billion (10.7%) to RMB 12.12 billion, mainly due to a reduction in other receivables[108] - Derivative financial liabilities dropped by RMB 57 million (94.7%) to RMB 3 million, affected by market fluctuations[121] - Other liabilities increased by RMB 5.6 billion, a 9.7% increase, mainly due to an increase in settlement payables[122] - Shareholders' equity reached RMB 65.03 billion, a 7.3% increase from the previous year, driven by an increase in undistributed profits[124] - Unused corporate loan limits increased by 43.8% to RMB 26.22 billion[126] - Normal loans accounted for 95.31% of total loans, an increase of RMB 63.49 billion from the previous year[128] - Non-performing loans (NPL) increased by RMB 520 million, but the NPL ratio decreased by 0.14 percentage points to 1.67%[128] - Corporate loans in the leasing and business services sector increased by 58.5% to RMB 85.27 billion[131] - Corporate loans in the water conservancy, environment, and public facilities management sector increased by 84.7% to RMB 31.19 billion[131] - Corporate loans in the financial sector increased by 97.6% to RMB 16.06 billion[131] - Corporate loans in the scientific research and technical services sector increased by 584.2% to RMB 11.81 billion[131] - The company's corporate loan balance for the top five industries (leasing and business services, water conservancy and public facilities management, real estate, construction, and wholesale and retail) reached RMB 203.57 billion, accounting for 74.3% of total corporate loans and advances[133] - The non-performing loan (NPL) ratio for corporate clients decreased to 1.49%, down by 0.61 percentage points compared to the previous year-end[138] - The NPL ratio for the wholesale and retail industry decreased by 2.26 percentage points to 4.69%, while its share of total corporate NPLs increased to 29.4%[138] - The NPL ratio for the manufacturing industry increased to 4.96%, with its share of total corporate NPLs rising to 23.8%[138] - The NPL ratio for the real estate industry decreased significantly by 4.91 percentage points to 1.09%, with its share of total corporate NPLs dropping to 8.2%[138] - The total corporate NPL amount decreased to RMB 40.97 billion, with the top five industries contributing 83.5% of the total[135] - The NPL ratio for personal loans increased to 2.46%, up by 0.51 percentage points compared to the previous year-end[140] - The NPL ratio for working capital loans decreased slightly to 2.44%, while its share of total NPLs increased to 44.6%[140] - The NPL ratio for fixed asset loans decreased significantly by 1.23 percentage points to 0.65%, with its share of total NPLs dropping to 9.7%[140] - Non-performing loans (NPL) totaled RMB 6,815.8 million, with a NPL ratio of 1.67%, a decrease of 0.14 percentage points compared to the previous year[144] - Total customer loans and advances reached RMB 407,450.5 million, a 17.3% increase from the previous year, with guaranteed loans showing the highest growth at 77.9%[147] - The loan concentration ratio for the largest single borrower was 4.85%, down from 6.80% in the previous year, indicating improved risk diversification[148] - The top ten single borrowers accounted for RMB 35,075.7 million in loans, representing 8.61% of the total loan portfolio[151] - Overdue loans decreased by 12.3% to RMB 8,938.9 million, with the largest reduction in loans overdue for 1 to 3 years, which fell by 60.0%[154] - Loan impairment provisions increased by 14.1% to RMB 11,441.3 million, reflecting the company's efforts to strengthen risk coverage[156] - The net
天津银行(01578) - 2023 - 年度财报