Bank Of Jiangsu(SH:600919)2021-04-28 16:00Financial Performance - The bank's basic earnings per share were RMB 1.21, with a cash dividend payout ratio exceeding 30% of net profit attributable to shareholders[6]. - Jiangsu Bank achieved a net profit of 15.066 billion yuan in 2020, representing a year-on-year growth of 3.06%[17]. - Operating income for the year was CNY 52.03 billion, up 15.68% compared to the previous year[10]. - Net profit attributable to shareholders was CNY 15.07 billion, representing a year-on-year increase of 3.06%[10]. - The bank's total revenue for the year 2020 was reported at RMB 6.30 billion, reflecting a year-on-year increase of 5%[123]. - The net profit attributable to shareholders reached 6 billion RMB, an increase of 10% compared to the previous year[183]. - The bank's total assets amounted to 1.5 trillion RMB, representing a growth of 12% year-on-year[184]. - The bank's customer deposits grew by 10.1% year-on-year, totaling RMB 900 billion[188]. Asset and Loan Growth - The total assets of Jiangsu Bank reached RMB 2.34 trillion by the end of the reporting period[6]. - Total assets reached CNY 2.34 trillion, a year-on-year increase of 13.21%[10]. - Total loans stood at CNY 1.20 trillion, reflecting a year-on-year growth of 15.48%[10]. - The bank's loan and advance balance was CNY 1,165.96 billion, reflecting a 15.34% increase from the previous year[69]. - The total amount of loans classified as "concerned" was 16.32 billion RMB, with a ratio of 1.36%, down by 0.58 percentage points from the beginning of the year[91]. Non-Performing Loans and Risk Management - The non-performing loan ratio has decreased for five consecutive years, while the provision coverage ratio has increased for five consecutive years[6]. - Non-performing loan ratio improved to 1.32%, a decrease of 0.06 percentage points from the beginning of the year[10]. - The provision coverage ratio increased to 256.40%, up by 23.61 percentage points from the start of the year[10]. - The total non-performing loans amounted to 15.83 billion RMB, with a non-performing loan ratio of 1.32%, a decrease of 0.06 percentage points compared to the beginning of the year[91]. - The bank's credit risk management has been enhanced through a differentiated and dynamic credit approval system, ensuring asset quality control amid external changes[86]. Customer Engagement and Digital Banking - The number of mobile banking customers exceeded 10 million, with monthly active users ranking first among city commercial banks[9]. - Jiangsu Bank plans to expand its digital banking services, aiming for a 30% increase in online transactions by the end of 2021[184]. - The bank has launched a new mobile banking app, targeting a user base increase of 30% by the end of 2021[188]. Capital and Dividends - Jiangsu Bank issued cash dividends of RMB 3.16 per 10 shares, totaling RMB 4.67 billion (including tax) based on the new total share capital after the rights issue[2]. - The bank's cash dividend proposal for 2020 suggests a distribution of RMB 4,667,195,699, which is 30.98% of the net profit attributable to ordinary shareholders, amounting to RMB 15,065,745,000[117]. - The bank plans to distribute cash dividends of RMB 3.16 per 10 shares for the year 2020, which is an increase from RMB 2.78 per 10 shares in 2019[115]. Technology and Innovation - The bank's technology loan balance ranks first in the province, supporting over 10,000 technology enterprises[7]. - The bank's technology personnel increased by over 15%, with significant investments in technology, leading to the launch of the "筋斗云" 2.0 smart marketing system[12]. - The bank is investing 500 million RMB in new technology development, focusing on AI and blockchain solutions to enhance operational efficiency[182]. Community and Environmental Initiatives - The bank provided robust financial support during the COVID-19 pandemic, facilitating smooth financial services to aid in economic recovery[139]. - The company provided green financing solutions to over 2,000 green clients, resulting in a reduction of 1.4175 million tons of standard coal and 930,700 tons of carbon dioxide equivalent emissions[135]. - A total of 200 financial poverty alleviation key projects were launched, with an investment of 5 billion yuan, effectively driving income growth for economically weak villages and low-income farmers[132]. Governance and Compliance - The company has maintained a stable governance structure with no major changes in its controlling shareholders or actual controllers as of the reporting period[126]. - The company has actively responded to regulatory requirements to improve its corporate governance and has conducted regular self-assessments to enhance compliance and effectiveness[200]. - The company has established measures to ensure that any dilution of immediate returns from public offerings will be addressed appropriately[122].