NJBK(SH:601009)2014-04-29 16:00Financial Performance - The company achieved a net profit of 4.497 billion yuan in 2013, representing a year-on-year growth of 12.07%[19]. - Total profit for the year reached RMB 5,608,521 thousand, an increase of 12.61% compared to the previous year[41]. - Net profit attributable to shareholders was RMB 4,496,857 thousand, reflecting a growth of 12.07% year-on-year[41]. - Operating income amounted to RMB 10,478,294 thousand, marking a 14.96% increase from the previous year[43]. - The company reported a net profit for the period of RMB 4.53 billion, reflecting a growth of 12.02% due to increased operating profit[70]. - The company’s net interest income for the year was 90.963 billion RMB, an increase of 4.027 billion RMB, reflecting a growth of 24.05% year-on-year[101]. - The total operating income for 2013 was 104.783 billion RMB, up from 91.144 billion RMB in 2012, indicating a growth of 15.00%[100]. - The company’s interest expenses for the reporting period were 11.672 billion RMB, an increase of 2.626 billion RMB, representing a growth of 29.03%[105]. - The proportion of non-interest income was 13.21% of total operating income, with non-interest net income recorded at 1.382 billion RMB[100]. Assets and Liabilities - Total assets reached 434.057 billion yuan by the end of 2013, an increase of 90.265 billion yuan, or 26.26% from the beginning of the year[27]. - The total liabilities increased by 27.66% to RMB 407.20 billion, primarily due to an increase in customer deposits and interbank liabilities[70]. - Total assets amounted to RMB 434.06 billion, an increase of 26.26% compared to the beginning of the year, driven by increases in interbank and bond assets[70]. - The total amount of financial assets at fair value was CNY 48,916,774 thousand, with a change in fair value gain of CNY 294,728 thousand[121]. - The company’s total loans and advances amounted to 95.802 billion RMB, with corporate loans accounting for 71.577 billion RMB, representing 34.46% of total loans[104]. Deposits and Loans - Total deposits amounted to 260.149 billion yuan, up 46.494 billion yuan, reflecting a growth of 21.76%[27]. - The loan balance was 146.961 billion yuan, increasing by 21.693 billion yuan, which is a growth of 17.32%[27]. - The bank's total deposits reached RMB 260,149,321 thousand, an increase from RMB 213,655,802 thousand in the previous year[46]. - The total loans issued were RMB 146,961,400 thousand, up from RMB 125,268,655 thousand in the previous year[46]. - Personal savings deposits rose to CNY 458.62 billion, a growth of CNY 98.51 billion or 27.35%[59]. - Corporate deposits reached CNY 2142.87 billion, increasing by CNY 366.43 billion or 20.63%[60]. - Small and micro enterprise loans totaled CNY 460.70 billion, up CNY 70.14 billion or 17.96% from the beginning of the year[60]. Risk Management - The company has taken various measures to effectively manage and control operational risks, including credit, market, liquidity, and operational risks[7]. - The company has established a risk management framework to address various risks, including credit risk and market risk[161]. - The company has strengthened the management of credit risk by implementing a comprehensive risk management evaluation system for branches and enhancing the credit approval standards for key industries such as real estate and government financing platforms[163]. - The company has implemented a comprehensive risk monitoring system, including tracking major liquidity risk indicators and conducting stress tests regularly[169]. - The company plans to enhance asset quality management through improved risk assessment and recovery strategies for non-performing assets[136]. Strategic Initiatives - The company launched a new five-year development strategy for 2014-2018, aiming to become a leading comprehensive financial service provider among small and medium-sized commercial banks[20]. - The company is committed to expanding its business in consumer finance, technology finance, and small micro finance sectors, positioning itself as a leader among similar-sized city commercial banks[175]. - The company is actively participating in the establishment of new branches and financial departments to support its growth strategy[180]. - The company plans to continue improving the assessment standards for directors and senior management based on operational conditions and asset scale[196]. Shareholder and Governance - The company distributed a cash dividend of RMB 4.6 per 10 shares to all shareholders, based on the year-end share capital[4]. - The company has no controlling shareholder and has maintained a diversified ownership structure since its establishment[16]. - The company has cumulatively distributed cash dividends amounting to 2.689853 billion yuan over the last three years, which accounts for 56.25% of the average distributable profit during that period[200]. - The company’s cash dividend policy stipulates that cash dividends will be distributed when the company is profitable and has positive retained earnings, with a minimum distribution of 30% of the average distributable profit over the last three years[200]. Audit and Compliance - The financial report for 2013 was audited by PwC and received a standard unqualified opinion[4]. - The board of directors strictly executed the resolutions of the shareholders' meeting, with good compliance reported[186]. - The Audit Committee held five meetings, reviewing the 2012 financial status and the preparation of the 2013 quarterly reports[192].