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泸州银行(01983) - 2018 - 年度财报
Luzhou BankLuzhou Bank(HK:01983)2019-04-25 08:31

Financial Performance - Total assets reached RMB 82.55 billion, an increase of 16.47% compared to RMB 70.88 billion in 2017[11] - Net interest income for 2018 was RMB 1.77 billion, reflecting a year-on-year growth of 12.58% from RMB 1.57 billion in 2017[9] - Net profit attributable to shareholders was RMB 658.31 million, a 6.40% increase from RMB 618.70 million in 2017[9] - Operating income for 2018 was RMB 1.93 billion, up 15.13% from RMB 1.68 billion in 2017[9] - The bank's equity attributable to shareholders increased by 46.85% to RMB 6.37 billion from RMB 4.34 billion in 2017[11] - Basic earnings per share improved to RMB 0.40, up from RMB 0.38 in 2017[9] - In 2018, the bank's pre-tax profit was RMB 853.99 million, an increase of RMB 40 million, representing a growth of 4.85% compared to the previous year[20] - The net profit for 2018 reached RMB 658.31 million, up by RMB 39.6 million, which is a growth of 6.40% year-on-year[20] - The bank's operating income for 2018 was RMB 1.934 billion, an increase of RMB 254 million, reflecting a growth rate of 15.13%[23] Loan and Deposit Growth - The total amount of loans and advances increased by 61.87% to RMB 30.49 billion from RMB 18.83 billion in 2017[11] - Customer deposits rose to RMB 52.39 billion, marking a 24.30% increase from RMB 42.15 billion in 2017[11] - The total loans and advances reached RMB 31.28 billion, showing a significant year-on-year growth of 61.22%[16] - The bank's net customer loans reached CNY 30.49 billion, accounting for 36.93% of total assets, up from 26.57% in 2017[55] - As of the end of 2018, the total corporate loans amounted to RMB 24.784 billion, an increase of RMB 12.833 billion or 107.38% compared to the previous year, accounting for 79.24% of total loans and advances, up 17.64 percentage points year-on-year[59] - Personal loans reached RMB 5.736 billion at the end of 2018, an increase of RMB 767 million or 15.44% year-on-year, accounting for 18.34% of total loans, down 7.27 percentage points from the previous year[61] Asset Quality and Risk Management - The non-performing loan ratio improved to 0.80%, a decrease of 0.19 percentage points from the beginning of the year, the lowest among city commercial banks in the province[16] - The bank's expected credit loss and asset impairment loss for 2018 was RMB 396.81 million, an increase from RMB 324.85 million in 2017[20] - The total amount of non-performing loans was RMB 248.26 million, which included substandard and suspicious loans, with no loans classified as losses[86] - The non-performing loan coverage ratio was 319.36%, an increase of 24.87 percentage points from the previous year-end[104] - The bank's provisions for loans classified as "loss" have been fully recognized, while provisions for "substandard" and "doubtful" loans are typically not fully recognized[103] - The bank has implemented stricter assessment measures for credit risk, resulting in a significant increase in the provision for loan impairment to RMB 567.523 million by the end of 2017[101] Capital and Equity - The bank successfully raised nearly HKD 2 billion in capital through its listing, becoming the first listed bank in a prefecture-level city in Western China[15] - Shareholders' equity reached RMB 6,366.79 million, up by RMB 2,031 million or 46.85% year-on-year, bolstered by the issuance of H-shares that raised RMB 1,735 million[82] - The capital adequacy ratio at the end of the reporting period was 13.29%, a decrease of 0.4 percentage points from the previous year-end, and it exceeded regulatory requirements by 2.79 percentage points[111] - The core tier 1 capital adequacy ratio was 10.69%, an increase of 0.29 percentage points from the previous year-end, exceeding regulatory requirements by 3.19 percentage points[111] Operational Efficiency - The bank's cost-to-income ratio increased to 34.54%, up by 2.65 percentage points compared to the previous year[16] - The bank's total operating expenses for 2018 were RMB 686.93 million, an increase from RMB 543.17 million in 2017[20] - The bank's personnel costs increased by CNY 92 million or 29.75% in 2018, primarily due to higher performance-related compensation[51] Strategic Initiatives - The bank plans to expand its branch network and enhance digital banking services in the coming years[8] - The bank established several new departments, including an International Business Department and a Supply Chain Finance Department, to enhance its service offerings[15] - The bank launched new products such as the Constellation Card and vault services, and formed strategic partnerships with various financial companies[16] Shareholder Structure - The company reported a total of 325,440,000 shares held by Luzhou Laojiao Group, representing approximately 14.91% of the company's equity[168] - Sichuan Jiale Enterprise Group holds 271,200,000 shares, accounting for 12.42% of the company's equity[168] - The company has a significant shareholder, Jiang Xiaoying, with 278,432,000 shares, which is 12.75% of the equity[168] - The company has a diverse shareholder base with multiple entities holding significant stakes across different categories of shares[168][169] Governance and Management - The board of directors includes 11 members, with a mix of executive and non-executive roles, ensuring diverse governance[179] - The company maintains a robust risk management framework with dedicated personnel in key positions[180] - The management team has a diverse background in finance and economics, contributing to informed decision-making and strategic growth[184][185][186][188]