Financial Performance - Interest income for 2021 was RMB 40,915.676 million, a decrease of 3.8% compared to RMB 42,533.959 million in 2020[10]. - Net interest income decreased by 14.9% to RMB 12,387.609 million from RMB 14,558.361 million in the previous year[10]. - Non-interest income increased significantly by 80.2% to RMB 3,079.002 million, compared to RMB 1,708.452 million in 2020[10]. - Operating profit fell by 82.5% to RMB 103.595 million from RMB 591.364 million in 2020[10]. - Net profit for 2021 was RMB 430.883 million, a decline of 65.0% from RMB 1,231.941 million in 2020[10]. - The net profit attributable to shareholders decreased by 66.6% to RMB 401.961 million from RMB 1,203.777 million in the previous year[10]. - Operating expenses increased by 15.9% to RMB 5,855.054 million compared to RMB 5,050.086 million in 2020[10]. - The company reported an asset impairment loss of RMB 9,507.962 million, a decrease of 10.5% from RMB 10,625.363 million in 2020[10]. - The company achieved operating income of RMB 15.47 billion, a decrease of RMB 800.2 million or 4.9% year-on-year[29]. - Net profit for 2021 was RMB 430.9 million, down RMB 801.1 million or 65.0% year-on-year[32]. Asset and Liability Management - Total assets reached RMB 1,006.13 billion, a decrease of 3.1% compared to 2020[12]. - Total loans and advances amounted to RMB 586.03 billion, an increase of 7.1% year-on-year[12]. - Total deposits increased to RMB 737.03 billion, reflecting an 8.2% growth from the previous year[12]. - The bank's equity attributable to shareholders increased by 0.5% to RMB 79.88 billion[12]. - Total liabilities as of December 31, 2021, were RMB 925.62 billion, a decrease from RMB 957.91 billion in 2020[93]. - The proportion of customer deposits to total liabilities was 79.6%, up by 8.5 percentage points from the previous year[96]. Loan and Deposit Growth - Personal deposits increased to RMB 419.843 billion, a rise of RMB 61.938 billion, reflecting a growth of 17.3% year-on-year[25]. - Personal loans reached RMB 100.725 billion, an increase of RMB 23.267 billion, representing a growth of 30.0% year-on-year[25]. - The total amount of loans and advances issued reached RMB 586.03 billion, an increase of RMB 39.97 billion, representing a growth of 7.1% year-on-year[78]. - Corporate loans (including discounted bills) amounted to RMB 485.31 billion, an increase of RMB 15.70 billion, with a growth rate of 3.3%[79]. Non-Performing Loans and Risk Management - The non-performing loan ratio stood at 3.28%, slightly up from 3.26% in 2020[12]. - The total amount of non-performing loans was RMB 19,198.18 million, compared to RMB 17,829.94 million in the previous year[105]. - The provision coverage ratio improved to 130.87%, up by 16.82 percentage points year-on-year[103]. - The bank's loan provision rate increased to 4.29%, up by 0.57 percentage points from the previous year[103]. - The impairment provision for loans and advances increased to RMB 24.67 billion, up RMB 4.34 billion or 21.3% from the previous year, due to a cautious approach considering economic uncertainties[84]. Strategic Initiatives and Future Outlook - Future outlook and development strategy discussed in the report indicate a focus on market expansion and new product development[8]. - The company plans to enhance risk management practices as part of its strategic initiatives moving forward[8]. - The bank's strategy focused on deposit growth, customer base development, value creation, and capability enhancement, leading to a stable operational performance[21]. - The bank's digital currency system and integrated payment system construction were advanced, aligning with government initiatives for "digital cities"[147]. Shareholder Information - The total number of shares outstanding as of December 31, 2021, was 8,796,680,200, consisting of 6,455,937,700 domestic shares and 2,340,742,500 H shares[173]. - The largest shareholder, Shenyang Jin Kong Investment Group Co., Ltd., owned 1,829,225,327 shares, accounting for 20.79% of the total[177]. - The company has not issued new shares during the reporting period[174]. Compliance and Regulatory Matters - The company emphasizes a "compliance first" principle, enhancing internal control and compliance management to adapt to regulatory requirements amid a trend of increasing supervision[159]. - The company has strengthened its anti-money laundering (AML) framework, focusing on system intelligence and enhancing monitoring capabilities to improve AML effectiveness[161]. - There were no significant lawsuits or arbitration matters that impacted the company's business activities during the reporting period[167].
盛京银行(02066) - 2021 - 年度财报