Financial Overview - As of December 31, 2022, Bank of Jiujiang had total assets exceeding RMB 470 billion[7]. - The total assets reached RMB 479,703.5 million in 2022, an increase of 3.9% from RMB 461,503.0 million in 2021[19]. - The total liabilities increased to RMB 443,287.3 million, a rise of 4.0% from RMB 426,089.8 million in 2021[19]. - The total equity attributable to shareholders rose to RMB 35,627.6 million, an increase of 2.7% from RMB 34,683.9 million in 2021[19]. - The company's total operating income reached RMB 10.87 billion, a year-on-year increase of 5.0%[30]. - The net profit for the year was RMB 1.68 billion, representing a decline of 5.8% compared to the previous year[32]. Income and Profitability - The net interest income for 2022 was RMB 8,593.6 million, an increase of 1.6% compared to RMB 8,456.5 million in 2021[17]. - The net fee and commission income rose to RMB 841.7 million, reflecting a growth of 21.5% from RMB 692.8 million in the previous year[17]. - Total operating income reached RMB 10,869.9 million, up by 5.0% from RMB 10,347.5 million in 2021[17]. - The pre-tax profit for the year was RMB 2,001.5 million, showing a slight increase of 0.2% compared to RMB 1,998.4 million in 2021[17]. - The net profit attributable to shareholders for the year was RMB 1,615.1 million, a decrease of 6.6% from RMB 1,728.6 million in 2021[17]. - The basic earnings per share decreased to RMB 0.53, down by 26.39% from RMB 0.72 in the previous year[17]. Asset Quality and Risk Management - The non-performing loan ratio increased to 1.82% in 2022, up by 0.41 percentage points from 1.41% in 2021[19]. - The provision coverage ratio decreased to 173.01% in 2022, down by 41.65 percentage points from 214.66% in 2021[19]. - The group's non-performing loan (NPL) balance as of December 31, 2022, was RMB 5.071 billion, with an NPL ratio of 1.82%, an increase of 0.41 percentage points from the previous year[101]. - The increase in the overall NPL ratio was primarily influenced by the economic environment and the impact of the pandemic, which weakened the repayment capacity of some customers[107]. - The group has strengthened risk management performance assessments and increased efforts in the recovery and disposal of non-performing loans[101]. Capital and Liquidity - The capital adequacy ratio was reported at 12.62%, meeting regulatory requirements[30]. - The liquidity coverage ratio significantly dropped to 267.97% in 2022, down by 158.34 percentage points from 426.31% in 2021[20]. - As of December 31, 2022, the liquidity ratio was 63.69%, net stable funding ratio was 130.87%, and liquidity coverage ratio was 267.97%[180]. - The net stable funding ratio increased from 129.44% in 2021 to 130.87% in 2022[180]. Employee and Operational Metrics - The bank operates 281 branches and has a total of 4,967 full-time employees, with an average age of 29.79 years[8]. - The bank's workforce consists of 87.54% with bachelor's and associate degrees, and 12.06% with master's degrees or higher[8]. - Employee compensation expenses for the year ended December 31, 2022, were RMB 1.819 billion, an increase of RMB 0.056 billion or 3.2% year-on-year[57]. Awards and Recognition - In 2022, the bank received multiple awards, including the "Core Dealer" and "Market Innovation Award" in the interbank currency market[10]. - The bank was recognized as the "Best City Commercial Bank" and received multiple awards for its contributions to green finance and digital transformation in 2022[14]. - The bank has been recognized for its contributions to green finance development in Jiangxi Province[10]. Digital Transformation and Innovation - The bank's digital transformation efforts resulted in over 85% of personal loans being processed online as of December 31, 2022[151]. - The bank launched a new version of its mobile banking app, enhancing digital service capabilities and customer engagement[141]. - The bank's investment business saw the proportion of standardized business increase from 74.3% to 79.1%, with bond business rising from 66.6% to 71.9%[145]. Customer and Market Engagement - The number of retail customers increased to 4.8845 million, a rise of 10.77%, with wealth management clients growing by 13.23% to 659,800[142]. - The bank's total transaction volume for acquiring merchants reached RMB 29.69 billion in 2022, with a transaction count of 143 million, reflecting a growth of 57.14%[141]. - The bank's inclusive agricultural loans reached RMB 63.85 billion, an increase of RMB 11.164 billion, representing a growth of 21.19% year-on-year[149]. Strategic Initiatives - The company emphasizes a strategy of "industry + technology + finance" to support the real economy and improve operational efficiency[164]. - The company aims to solidify its customer base and enhance revenue and profit in 2023, focusing on structural adjustments and sustainable development[163]. - The company has implemented a comprehensive credit risk management strategy, maintaining a reasonable non-performing loan ratio through enhanced risk identification and management processes[169].
九江银行(06190) - 2022 - 年度业绩