NJBK(SH:601009)2018-04-25 16:00Financial Performance - In 2017, the company achieved a total cash dividend distribution of RMB 2.926 billion, with a payout of RMB 3.45 per 10 shares based on a total share capital of 8,482,207,924 shares[5]. - The total profit achieved was CNY 11.884 billion, with net profit attributable to the parent company at CNY 9.668 billion, representing a year-on-year increase of 17.02%[11]. - The net profit attributable to shareholders of the listed company was RMB 9,668,173, marking an 8.75% increase compared to the previous year[33]. - The company achieved a net profit of RMB 9.511 billion in 2017, with a proposed cash dividend of RMB 3.45 per 10 shares, totaling RMB 2.926 billion[200]. - The total distributable profit for shareholders in 2017 was RMB 8.072 billion after accounting for statutory reserves and preferred stock dividends[200]. Asset and Liability Management - As of the end of 2017, the company's total assets reached CNY 1,141.163 billion, an increase of 7.26% from the beginning of the year[11]. - The total liabilities increased by 7.13% to RMB 1,072,952,203, primarily due to an increase in deposits and bonds payable[69]. - The capital adequacy ratio stood at 12.93%, with a provision coverage ratio of 462.54% and a non-performing loan ratio of 0.86%[11]. - The total assets at the end of the reporting period were RMB 1,141,162,795, representing a 7.26% increase driven by growth in loans and securities investments[69]. - The total amount of loans and advances issued was RMB 7,120,433 in 2017, which accounted for 84.20% of the total impairment losses[101]. Loan and Deposit Growth - The company's deposits amounted to CNY 722.623 billion, growing by 10.29% year-on-year[11]. - The total loans reached CNY 388.952 billion, reflecting a year-on-year growth of 17.23%[11]. - The company's corporate loans amounted to CNY 299.605 billion, an increase of CNY 30.065 billion from the beginning of the year, representing a year-on-year growth of 11.15%[45]. - The company's microfinance loans amounted to CNY 144.071 billion at the end of 2017, an increase of CNY 29.153 billion, with a growth rate of 25.37%, accounting for 37.04% of the total loan balance[45]. - The company's personal loan balance was CNY 89.347 billion, an increase of CNY 27.102 billion, with a growth rate of 43.54%[49]. Risk Management - The company maintained stable asset quality and effective risk control, contributing to a steady increase in operational efficiency[2]. - The company has no foreseeable major risks and has implemented various measures to effectively manage and control operational risks[5]. - The company aims to strengthen risk management and compliance to ensure stable development[18]. - The company has established a comprehensive risk management governance structure, optimizing its risk organization to ensure stable operations and development[185]. - The company has implemented specific measures to address market volatility and improve the timeliness and effectiveness of market risk management[190]. Business Development and Strategy - The company aims to become a leading comprehensive financial service provider among small and medium-sized commercial banks, focusing on serving local economies and real enterprises[2]. - The company focused on transformation, management enhancement, and risk control to achieve stable progress and improve quality and efficiency[10]. - The company plans to enhance its service offerings through the implementation of three major plans aimed at supporting the real economy[65]. - The company has actively engaged in the development of financial technology, focusing on high availability and intelligence to support digital transformation across its business lines[175]. - The company launched a trading bank strategy, resulting in a significant increase in daily deposits covered by cash management services[48]. Market Position and Recognition - The company ranked 146th among the world's top 1000 banks and 131st in the global banking brand rankings published by The Banker magazine in 2017[2]. - The company was awarded the title of "Most Respected Listed Company" in 2017 by the China Listed Companies Association[62]. - The company achieved the highest comprehensive capability ranking among urban commercial banks and ranked ninth in the overall market in the 2017 national bank wealth management comprehensive capability evaluation[180]. - The company has maintained a AAA rating for its main entity and financial bonds from domestic rating agencies, with an international rating of Baa3 from Moody's[12]. - The company ranked 3rd in the GYROSCOPE evaluation system for commercial banks in China[62]. Product and Service Innovation - The company launched new products such as "Xin Guanjia" and "Xin E Commerce," and successfully implemented the "Hello E Loan" application across the province[17]. - The company has expanded its online lending business, partnering with third-party platforms like Alipay and Gome Financial[51]. - The company launched a series of innovative wealth management products targeting different customer segments, including the "Education Worry-Free" series for general individual clients and equity investment products for private banking clients[180]. - The company has developed a comprehensive internet consumer finance electronic platform, including various digital interfaces such as the Xinmengxiang website and mobile app, enhancing user engagement and service delivery[171]. - The product system has been enriched with offerings like Chengyidai and Gouyidai, catering to diverse consumer financing needs, resulting in a more robust product portfolio[171]. Employee and Training Development - In 2017, the company successfully held 134 training programs, enhancing employee stability and talent attraction[183]. - The company received multiple awards for its training programs, including first place in the national "Good Course" competition and second place in the "Good Lecturer" category[183]. - The company is committed to building a first-class talent team to support its transformation and development[18]. - The investment research team comprises 80% of the asset management department, enhancing the company's ability in industry research and risk management across 13 sectors[180]. - The company has initiated a new generation mobile banking construction plan, significantly improving customer experience and operational efficiency[51].