Assets and Financial Performance - Zhongyuan Bank's total assets reached RMB 1,326.736 billion as of December 31, 2022, ranking 8th among domestic city commercial banks[7]. - Total assets increased by 72.7% to RMB 1,326,736.4 million, compared to RMB 768,233.3 million in 2021[10]. - Net interest income for 2022 reached RMB 21,276.3 million, an increase of 27.5% compared to RMB 16,693.0 million in 2021[9]. - Total operating income rose to RMB 25,611.2 million, reflecting a growth of 32.8% from RMB 19,282.8 million in the previous year[9]. - The net profit attributable to shareholders was RMB 3,650.2 million, a 2.4% increase from RMB 3,565.0 million in 2021[9]. - The average return on total assets was 0.37%, down from 0.48% in 2021[9]. - The bank's cost-to-income ratio increased to 39.05%, compared to 35.95% in the previous year[9]. - The net interest margin decreased to 1.89%, down from 2.13% in 2021[9]. - The bank's total interest income reached RMB 43.61 billion, up RMB 11.75 billion or 36.9% compared to the previous year[32]. - The bank's total revenue for the year was RMB 25.6112 billion, up from RMB 19.2828 billion the previous year[95]. Loans and Deposits - The total loan amount (excluding accrued interest) reached RMB 684.075 billion, an increase of RMB 295.915 billion compared to the beginning of the year[17]. - The deposit balance (excluding accrued interest) was RMB 827.320 billion, an increase of RMB 378.895 billion from the start of the year[17]. - The company's personal loans reached RMB 237.49 billion, a year-over-year increase of RMB 53.37 billion or 29.0%, driven by the merger and enhanced support for social consumption growth[65]. - The company's bill discounting reached RMB 74.01 billion, an increase of RMB 43.62 billion or 143.5% year-over-year, attributed to the merger and adjustments based on customer financing needs[67]. - The bank's corporate loans amounted to RMB 372.58 billion, accounting for 54.2% of total loans, an increase of RMB 198.93 billion or 114.6% year-over-year[63]. Non-Performing Loans and Asset Quality - The non-performing loan ratio improved to 1.93%, down from 2.18% in 2021, indicating better asset quality[10]. - Non-performing loans amounted to RMB 13.20 billion, an increase of RMB 4.72 billion, with a non-performing loan ratio of 1.93%, down 0.25 percentage points from the previous year[83]. - The normal loan category accounted for 95.47% of total loans, while the substandard, doubtful, and loss categories represented 0.78%, 0.73%, and 0.42% respectively[84]. - The company actively mitigated NPLs through write-offs, cash recoveries, and loan restructuring, while enhancing risk management processes[86]. Strategic Goals and Development - The bank aims to achieve a strategic development goal of becoming a first-class commercial bank, with a vision to "break through one trillion, return to A-shares, and enhance brand recognition"[7]. - Zhongyuan Bank's strategic path includes "going online, rural outreach, digital innovation, and steady progress," aligning with its mission and vision[7]. - The bank aims to achieve a strategic goal of "breaking through one trillion" and returning to A-shares, focusing on building a century-old foundation[14]. - The bank is committed to enhancing its brand through various channels, including the Henan Spring Festival Gala and the Zhongyuan Financial Forum[14]. Governance and Management - The bank's board of directors includes executive directors Xu Nuojin, Wang Jiong, and Li Yulin, with independent non-executive directors contributing to governance[2][5]. - The bank's legal representatives and authorized representatives are Xu Nuojin and Jia Tingyu, respectively, ensuring compliance and governance[5]. - The bank's governance structure is being optimized to ensure effective operation and alignment with strategic goals[167]. - The bank's leadership emphasizes a commitment to economic research and policy development, as evidenced by Xu's extensive training and research experience in various international institutions[200]. Digital Transformation and Innovation - The bank aims to enhance its digital capabilities and strengthen data application across four major platforms, focusing on customer-centric operations[19]. - The bank's digital transformation strategy includes the development of a green credit system to enhance its green finance capabilities[109]. - The company achieved a cloud resource delivery efficiency improvement of over 10 times, reducing delivery time to 30 minutes, with 93% of application systems migrated to the cloud[145]. - The bank launched several innovative financial products, including "Specialized and Innovative Loans" and "Green Supply Chain Loans," contributing to the development of a comprehensive product system[108]. Community and Social Responsibility - The bank's mission is to build a better financial service for society, aiming to be the most trusted bank for the people of Central China[7]. - The bank has established a new rural revitalization financial service model, integrating five components: a service station, a rural revitalization card, a loan product, an online platform, and an agricultural service system, enhancing accessibility and precision of rural financial services[133]. - The bank provided local government special bond issuance services for 18 cities and 167 counties, maintaining the top market share in the industry[103]. Risk Management - The bank's capital adequacy ratio decreased to 11.83%, down from 13.30% in the previous year[10]. - Credit risk management remained stable, with a focus on improving asset quality and controlling non-performing loans through various recovery strategies[156]. - The bank has established a comprehensive liquidity risk management system, ensuring that key liquidity indicators meet regulatory requirements and are continuously optimized[159]. - The bank's information technology risk management capabilities have been rated 2C by the China Banking and Insurance Regulatory Commission, indicating continuous improvement in IT risk management[160].
中原银行(01216) - 2022 - 年度业绩