Financial Performance - For the year ended December 31, 2023, Shengjing Bank reported interest income of RMB 38,376,991, a decrease of 11.5% compared to RMB 43,348,175 in 2022[6]. - Net interest income fell by 31.0% to RMB 8,866,241 from RMB 12,853,684 in the previous year[6]. - Non-interest income decreased significantly by 64.4% to RMB 1,173,584, down from RMB 3,299,427 in 2022[6]. - Total operating income was RMB 10,039,825, reflecting a decline of 37.8% from RMB 16,153,111 in 2022[6]. - Operating profit decreased by 22.7% to RMB 920,365 compared to RMB 1,191,249 in the previous year[6]. - Net profit for the year was RMB 764,759, down 25.0% from RMB 1,019,269 in 2022[6]. - The net profit attributable to shareholders was RMB 732,434, a decrease of 25.3% from RMB 979,898 in the previous year[6]. - The bank's operating expenses increased by 3.6% to RMB 5,999,866 from RMB 5,790,240 in 2022[6]. Asset Quality and Risk Management - Asset impairment losses significantly decreased by 66.0% to RMB 3,119,594 compared to RMB 9,171,622 in the previous year[6]. - The total non-performing loan ratio improved to 2.68% in 2023, down from 3.22% in 2022, a reduction of 0.54%[7]. - The coverage ratio for provisions increased to 159.50% in 2023, up from 140.30% in 2022, an increase of 19.20%[7]. - The bank's non-performing loan balance decreased by RMB 6.957 billion, with a non-performing loan coverage ratio of 159.50%, up by 19.2 percentage points[17]. - The impairment provision for loans and advances decreased by RMB 7.10 billion or 25.9%, totaling RMB 20.28 billion, with a coverage ratio of 159.50%, up 19.2 percentage points[70]. - The bank continues to optimize credit risk management and enhance asset quality through various measures[85]. Capital and Liquidity - The company's operating income for 2023 was RMB 10.04 billion, with a capital adequacy ratio of 14.12%, an increase of 2.60% compared to 2022[8]. - The company's core tier 1 capital ratio improved to 10.42% in 2023, an increase of 0.56% from 2022[8]. - The loan-to-deposit ratio decreased significantly to 62.78% in 2023 from 79.50% in 2022, a drop of 16.72%[8]. - The bank's total capital adequacy ratio was 14.12% as of December 31, 2023, compared to 11.52% in the previous year[95]. - The bank's total liabilities decreased by RMB 6.05 billion or 66.0% year-on-year, totaling RMB 3,119.59 billion[60]. Customer Engagement and Digital Transformation - The bank's digital transformation initiatives have led to improved operational efficiency and customer engagement, contributing to the growth in personal deposits[78]. - The company is actively implementing digital transformation initiatives, enhancing its digital risk control capabilities with the launch of an automated retail credit approval system[107]. - The company has launched innovative deposit products, including the "Orange Long Time - Cute Baby Series," which received significant social media attention[106]. - The company aims to enhance customer wealth management service experience, receiving the "Excellence in Wealth Management City Commercial Bank" award in 2023[111]. - The company has established a mobile learning platform to broaden training channels and enrich training resources[187]. Corporate Governance and Management - The board of directors includes 14 members, with key positions held by 孫進 (Chairman) and 柳旭 (President)[159]. - Recent management changes include 柳旭 being approved as President on July 11, 2023, and 孫進 being elected as Chairman on August 25, 2023[161]. - The company has established various committees, including risk control and consumer rights protection, with designated chairs and members[163]. - The company has increased the level of information disclosure and standardized investor relations management activities[188]. - The bank's governance report indicates no financial, business, or familial relationships among its directors and senior management[194]. Future Outlook - The bank's future outlook and development strategy will be discussed in detail in the annual report[3]. - The company anticipates a stable economic recovery in 2024, with a focus on maintaining adequate liquidity and aligning monetary supply with economic growth[132]. - The company aims to support the digital transformation of industries in Liaoning Province, targeting the development of 22 key industrial clusters and four trillion-yuan industrial bases[132].
盛京银行(02066) - 2023 - 年度业绩