Bank Of Jiangsu(SH:600919)2018-04-24 16:00Financial Performance - Total assets reached CNY 1.77 trillion, an increase of 10.78% year-on-year[18] - Total deposits amounted to CNY 1,007.8 billion, growing by 11.07% year-on-year[18] - Total loans stood at CNY 747.3 billion, reflecting a year-on-year growth of 15.08%[18] - Operating income was CNY 33.839 billion, up 7.58% year-on-year[18] - Net profit reached CNY 12.016 billion, representing a year-on-year increase of 12.96%[18] - Net profit attributable to shareholders was CNY 11.875 billion, a growth of 11.92% year-on-year[18] - Basic earnings per share were CNY 1.03[18] - The bank's total equity increased to CNY 112,827,783 thousand, with retained earnings rising by CNY 6,510,025 thousand to CNY 29,388,605 thousand[42] - The net interest income was 27.815 billion RMB, representing a 10.18% year-on-year growth[77] - The group achieved operating income of 33.839 billion RMB, a year-on-year increase of 7.58%[75] Asset Quality - The non-performing loan ratio improved to 1.41%, a decrease of 0.02 percentage points from the beginning of the year[19] - The loan loss provision coverage ratio was reported at 184.25%, well above the required 150%[118] - The total amount of non-performing loans reached 10.554 billion RMB, an increase of 1.236 billion RMB compared to the beginning of the year, with a non-performing loan ratio of 1.41%, down 0.02 percentage points[124] - The total amount of loans under special mention decreased to 18.997 billion RMB, a reduction of 5.45 billion RMB compared to the beginning of the year[124] Capital and Liquidity - Capital adequacy ratio increased to 12.62%[19] - The group's liquidity coverage ratio stood at 113.52%, with qualified liquid assets amounting to CNY 151,564,234 thousand and net cash outflows in the next 30 days at CNY 133,511,505 thousand[40] - The total risk-weighted assets amounted to CNY 1,078,766,573 thousand, with a total capital adequacy ratio of 12.62%[36] Business Strategy and Market Position - The bank has established a clear market positioning focused on serving small and medium-sized enterprises and local economies, enhancing its competitive edge in various financial sectors[47] - The bank plans to expand its market presence in the Yangtze River Delta region, focusing on increasing corporate loans[88] - The company aims to strengthen its market position through strategic initiatives and risk management practices[172] Technological Advancements - The bank is advancing its financial technology applications, integrating blockchain, IoT, and AI into multiple business areas to enhance service delivery[47] - The company aims to accelerate the application of financial technology, including a three-year plan for artificial intelligence development[110] - The bank is enhancing its IT infrastructure, focusing on internet-based systems and implementing new technologies like blockchain and artificial intelligence[59] Social Responsibility and Community Engagement - The company reported a total of 28.78 billion RMB in industry-specific poverty alleviation loans and 1.05 billion RMB in personal poverty alleviation loans, supporting financing needs for poverty alleviation projects[189] - The company allocated 329.59 million RMB for targeted poverty alleviation, benefiting 2,150 impoverished families in Jiangsu's northern regions[190] - The company has invested CNY 39,300,000 in 9 agricultural industry funds, with a total fund size of CNY 806,500,000[192] Shareholder Returns - The company plans to distribute cash dividends of RMB 1.80 per 10 shares, totaling RMB 207.8 million, pending shareholder approval[168] - The net profit attributable to the company's ordinary shareholders for 2017 was RMB 11,874.997 million, with a dividend payout ratio of 17.50%[170] - The company has maintained a consistent dividend policy over the past three years, reflecting its commitment to shareholder returns[170]