Financial Performance - Total assets of the group reached RMB 234.14 billion by the end of 2021, with total deposits amounting to RMB 193.11 billion and total loans and advances of RMB 156.85 billion, resulting in a net profit of RMB 1.29 billion[10]. - The bank's total assets were RMB 165.32 billion, with total deposits of RMB 133.77 billion and customer loans and advances totaling RMB 111.37 billion, achieving a net profit of RMB 1.43 billion by the end of 2021[17]. - In 2021, the net interest income was RMB 6,176.4 million, an increase of 21.2% from RMB 5,098.5 million in 2020[65]. - The annual profit for 2021 was RMB 1,290.0 million, representing an increase of 7.5% compared to RMB 1,199.7 million in 2020[65]. - The basic earnings per share remained stable at RMB 0.24 in 2021, unchanged from 2020[67]. - The capital adequacy ratio improved to 11.63% in 2021 from 11.37% in 2020, reflecting a stronger capital position[67]. - The net interest margin increased to 2.91% in 2021, compared to 2.75% in 2020, indicating improved profitability[67]. - The total operating income of the group was RMB 6,362.3 million, an increase of 14.7% from RMB 5,546.8 million in 2020[74]. - The total amount of loans and advances was RMB 156,850.2 million, which represents a 20.6% increase year-on-year[74]. - The non-performing loan ratio increased to 1.88% in 2021 from 1.63% in 2020, indicating a decline in asset quality[67]. Strategic Focus and Development - The bank's focus on rural revitalization and support for small and micro enterprises contributed to its recognition as a "Top Ten Precision Poverty Alleviation Institution" in rural finance[10]. - The bank plans to continue its transformation and high-quality development in 2022, emphasizing the integration of rural finance, community finance, cooperative platforms, and public welfare[18]. - The bank aims to balance scale and efficiency, speed and quality, as well as returns and risks in its future operations[18]. - The group plans to enhance community financial services and expand retail banking operations as part of its strategic vision[73]. - The group aims to strengthen risk management and internal controls while focusing on high-quality development[73]. Product and Service Innovation - The bank launched new products such as "Sunshine Loan," "Red Hatch Loan," and "Ji Mu Bao," enhancing its product offerings and supporting community financial services[17]. - The company continues to enhance digital capabilities and customer acquisition through improved service quality and targeted marketing strategies[111]. Risk Management and Compliance - The bank's compliance and risk management capabilities have improved, maintaining all regulatory indicators in a compliant and stable manner[17]. - The company plans to continue optimizing its asset structure and increasing credit investments to support future growth[94]. - The provision for impairment losses on loans increased by 32.2% from RMB 3,501.9 million as of December 31, 2020, to RMB 4,628.1 million as of December 31, 2021, reflecting a cautious approach to potential risks[166]. Community Engagement and Social Responsibility - The bank's community engagement and social responsibility initiatives have been recognized, with various charitable projects supporting education, the elderly, and the disabled[9]. - The company was awarded for its outstanding contributions to social responsibility and rural financial support in Jilin Province[54]. - The company has been acknowledged for its excellent service in rural revitalization and inclusive finance in 2021[59]. Ownership and Investments - The company holds a 51.00% stake in Anci District Huimin Village Bank, which was established in December 2011[6]. - The company has a 28.17% ownership in Anping Huimin Village Bank, established in December 2013, with a voting agreement in place with other shareholders[6]. - The company owns 49.00% of Baicheng Taobei Huimin Village Bank, established in November 2015, and has a voting agreement with other shareholders[6]. - The company has a 38.80% stake in Changbai Mountain Rural Commercial Bank, established in December 2011[6]. - The company holds a 40.00% stake in Changchun Gaoxin Huimin Village Bank, established in September 2013, with a voting agreement with other shareholders[6]. - The company owns 51.20% of Changchun Nanguan Huimin Village Bank, established in January 2011[6]. - The company has a 51.46% stake in Da'an Huimin Village Bank, established in January 2011[6]. - The company holds a 42.85% stake in Fuyu Huimin Village Bank, established in December 2015, with a voting agreement with other shareholders[6]. - The company owns 56.70% of Gaomi Huimin Village Bank, established in May 2011[6]. - The company has a 51.00% stake in Guangzhou Huangpu Huimin Village Bank, established in February 2014[6]. - The company holds a 35.00% stake in Huizhou Huimin Village Bank, which is considered a subsidiary under its control[29]. - The company owns 46.00% of Jilin Chuanying Huimin Village Bank, also classified as a subsidiary[29]. - The company has a 14.50% ownership in Jilin Chunchen Rural Commercial Bank, with the remaining 85.50% held by other shareholders[29]. - The company controls Jilin Fengman Huimin Village Bank with a 46.00% stake, while other shareholders hold 54.00%[31]. - The company has a 20.20% stake in Jilin Gongzhuling Rural Commercial Bank, with 79.80% held by other shareholders[31]. - The company owns 30.29% of Jilin Jiuyin Financial Leasing Company, which is also a subsidiary[31]. - The company holds a 33.15% stake in Jingmen Dongbao Huimin Village Bank, classified as a subsidiary[31]. - The company has a 34.36% ownership in Liaoyuan Rural Commercial Bank, which is under its control[32]. - The company controls Lijiang Huimin Village Bank with a 60.00% stake, while other shareholders hold 40.00%[32]. - The company has a 45.25% stake in Qian'an Huimin Village Bank, which is also considered a subsidiary[34]. - Jiutai Rural Commercial Bank holds 58.82% equity in Qingdao Pingdu Huimin Village Bank, which was established on December 23, 2010[36]. - Jiutai Rural Commercial Bank owns 53.53% of Qingyuan Qingxin Huimin Village Bank, established on January 23, 2014[36]. - Jiutai Rural Commercial Bank has a 20.00% stake in Sanya Huimin Village Bank, which is considered a subsidiary due to a voting agreement[36]. - Jiutai Rural Commercial Bank controls Shuangcheng Huimin Village Bank with a 62.26% equity stake, established on January 25, 2010[38]. - Jiutai Rural Commercial Bank holds 40.80% of Songyuan Ningjiang Huimin Village Bank, established on January 19, 2011[38]. - Jiutai Rural Commercial Bank has a 40.83% stake in Taonan Huimin Village Bank, established on December 11, 2015[40]. - Jiutai Rural Commercial Bank owns 47.00% of Tianjin Binhai Huimin Village Bank, established on June 11, 2014[42]. - Jiutai Rural Commercial Bank holds 75.76% equity in Tongcheng Huimin Village Bank, established on September 19, 2012[42]. - Jiutai Rural Commercial Bank has a 36.00% stake in Wen'an County Huimin Village Bank, established on December 23, 2011[42]. - Jiutai Rural Commercial Bank controls Wuchang Huimin Village Bank with a 66.67% equity stake, established on November 11, 2010[42]. Awards and Recognition - The company received multiple awards in 2021, including being recognized as one of the top 100 banks in China by the China Banking Association[54]. - The company was recognized as a leading institution in precision poverty alleviation and received accolades for its innovative financial products[57]. - The company has received recognition for its information security practices and innovative capabilities in the banking sector[57]. - The company has been awarded for its contributions to the rural financial system and support for small and micro enterprises[62].
九台农商银行(06122) - 2021 - 年度财报