Bank Of Shanghai(SH:601229)2018-04-20 16:00Financial Performance - The company achieved a net profit attributable to shareholders of 15.328 billion yuan in 2017, representing a year-on-year growth of 7.13%[23]. - The net profit attributable to shareholders for the reporting period was CNY 15.328 billion, an increase of 7.13% compared to the previous year[63]. - The net profit for 2017 reached CNY 15,336,793 thousand, an increase of 7.06% compared to CNY 14,325,064 thousand in 2016[39]. - The operating income for the period was CNY 33.125 billion, with a year-on-year decrease of CNY 1.279 billion[63]. - Total operating income decreased by 3.72% to CNY 33.12 billion, while non-interest income surged by 66.65% to CNY 14.01 billion[70]. - The retail business segment's total profit increased by 45.25% to RMB 2,976,070 thousand in 2017 compared to RMB 2,048,980 thousand in 2016[183]. - The total profit for the funding business segment decreased by 9.82% to RMB 6,238,497 thousand in 2017 from RMB 6,917,987 thousand in 2016[185]. Asset and Loan Growth - The total assets of the group reached RMB 1,807.767 billion, a steady growth of 2.98%[14]. - The loan balance was RMB 664.022 billion, achieving a rapid growth of 19.86%[14]. - The corporate loan balance increased to RMB 446.592 billion, growing by 24.18%[14]. - Retail loan balance reached RMB 174.051 billion, with a significant growth of 46.14%[14]. - The balance of domestic and foreign currency loans increased by 19.86% compared to the beginning of the year, with a year-on-year growth rate increase of 16.60 percentage points[24]. - Total loans and advances reached RMB 664.02 billion, an increase from RMB 554.00 billion in 2016, representing a growth of 19.83%[98]. - The balance of consumer loans (including credit cards) increased by CNY 49.24 billion, accounting for 54.06% of personal loans by the end of the reporting period[65]. Non-Performing Loans and Risk Management - The non-performing loan ratio decreased by 0.02 percentage points to 1.15%[17]. - The non-performing loan ratio improved to 1.15%, a decrease of 0.02 percentage points compared to the previous year, while the provision coverage ratio increased to 272.52%, up by 17.02 percentage points year-on-year[23]. - The non-performing loan (NPL) ratio improved to 1.15%, a decrease of 0.02 percentage points from the previous year, while the provision coverage ratio increased to 272.52%, up 17.02 percentage points[67]. - The company's risk cost was 0.56%, a decrease of 0.07 percentage points from the previous year, indicating improved risk management capabilities[67]. - The company maintained a prudent approach in assessing the quality of credit assets, fully provisioning for loan and advance losses[158]. Capital and Dividends - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 3,902.8925 million[6]. - The capital reserve will be converted into 4 additional shares for every 10 shares, totaling RMB 3,122.314 million[6]. - The company issued CNY 20 billion in preferred shares to enhance its capital structure, resulting in a capital adequacy ratio of 14.33%, an increase of 1.16 percentage points[68]. - The total capital at the end of the reporting period was RMB 170.29 billion, an increase from RMB 137.08 billion in the previous year[171]. Customer Base and Digital Growth - The company’s online customer base reached 12.8657 million by the end of 2017, leading the industry[23]. - The company’s mobile banking and WeChat banking users grew to 3.1379 million and 2.1655 million, respectively, with increases of 43.92% and 55.36% year-on-year[23]. - Internet financial services saw significant growth, with online personal customer count increasing by 83.19% to 12.87 million, and internet consumer loan balance rising by 124.64% to CNY 29.80 billion[66]. Deposits and Liabilities - Total deposits rose by 8.78% to CNY 923,585,324 thousand, compared to CNY 849,073,364 thousand in 2016[39]. - The total deposits absorbed by the group reached RMB 923.59 billion, an increase of RMB 745.12 billion, with a growth rate of 8.78%[131]. - The company's deposit balance (including fiscal deposits) reached CNY 637.88 billion, an increase of 11.05% compared to the end of the previous year[198]. - The balance of current deposits grew by 8.00%, accounting for 50.41% of total deposits[198]. Awards and Recognition - The company received multiple awards, including the "Best Development Award for Syndicated Loans" from the China Banking Association[35]. - Moody's assigned a long-term issuer rating of "Baa3" with a stable outlook to the company[34]. - The company ranked 85th and 89th in the "Global Bank 1000" list by The Banker magazine based on Tier 1 capital and total assets, improving by 6 and 8 positions respectively[23].