Bank Of Jiangsu(SH:600919)2022-04-12 16:00Financial Performance - Total assets reached CNY 26,188.74 billion, an increase of 12.02% year-over-year[11]. - Annual operating income was CNY 63.77 billion, a year-on-year growth of 22.58%[11]. - Net profit attributable to shareholders was CNY 19.694 billion, up 30.72% compared to the previous year[11]. - Operating income for 2021 was RMB 63.77 billion, representing a year-on-year growth of 22.58%[27]. - Net profit attributable to shareholders was RMB 19.69 billion, up 30.72% from 2020[27]. - The bank's cash flow from operating activities showed a significant recovery, with a net amount of RMB 71.77 billion, compared to a negative RMB 19.28 billion in 2020[27]. - The bank's total comprehensive income attributable to shareholders of the parent company increased by 40.27% to CNY 20.66 billion[87]. - Jiangsu Bank reported a net profit of 5.2 billion yuan for 2021, representing a year-on-year increase of 12%[200]. Asset Quality - Non-performing loan ratio improved to 1.08%, a decrease of 0.24 percentage points from the previous year[11]. - The non-performing loan ratio has decreased year-on-year, with overdue loans remaining below 1%[14]. - The non-performing loan ratio improved to 1.08%, down from 1.32% in 2020[29]. - The total non-performing loan balance is 15.138 billion RMB, with a non-performing loan ratio of 1.08%, a decrease of 0.24 percentage points compared to the beginning of the year[139]. - The total amount of loans under special attention is 18.781 billion RMB, with a ratio of 1.34%, down 0.02 percentage points from the beginning of the year[139]. Capital and Liquidity - Provision coverage ratio increased to 307.72%, up by 51.32 percentage points year-over-year[11]. - The capital adequacy ratio stood at 13.38%, a decrease from 14.47% in the previous year[29]. - The bank's liquidity coverage ratio was reported at 267.71% as of December 31, 2021[37]. - The bank's core tier 1 capital adequacy ratio was 8.78%, down from 9.25% in 2020[30]. - The bank's capital adequacy ratio stands at 13.5%, above the regulatory requirement[200]. Deposits and Loans - Total deposits increased to CNY 1,451,216,204 thousand, up 11.10% from CNY 1,306,233,634 thousand in the previous year[28]. - Retail deposit balance was 423.1 billion RMB, up 17.75% from the previous year, while retail loan balance rose by 19.48% to 561.4 billion RMB[13]. - Corporate loans rose to CNY 726,056,690 thousand, reflecting a growth of 13.99% compared to CNY 636,944,043 thousand last year[28]. - Total loans stood at CNY 14,001.72 billion, reflecting a growth of 16.52% year-on-year[60]. - The balance of loans to small and micro enterprises was CNY 12.14 billion, accounting for over 80% of total loans[83]. Customer Base and Services - Mobile banking customer base exceeded 13 million, a 30% year-on-year growth, with nearly 4.5 million active users[15]. - The number of small and micro loan customers increased by 38% to 66,000, with a total small micro loan balance exceeding 480 billion RMB[12]. - The bank's internet loan product "Tax e Loan" was launched, enhancing service offerings for small and micro enterprises[8]. - The bank's strategy focuses on "smart, characteristic, international, and comprehensive" services to enhance customer value[5]. - Jiangsu Bank plans to expand its digital banking services, aiming for a 30% increase in online transactions by 2023[200]. Strategic Initiatives - The bank's five-year development strategy (2019-2023) has been updated to align with the new development phase, emphasizing high-quality service to local economies[51]. - The bank's strategic focus includes digital transformation and the application of big data and artificial intelligence to improve customer service and internal management processes[52]. - Jiangsu Bank's development strategy for 2021-2025 was approved, focusing on long-term growth and market expansion[170]. - The bank's investment in manufacturing, green dual-carbon, and rural revitalization sectors continued to increase, focusing on key areas like "specialized, refined, and innovative" industries[72]. Risk Management - The group has implemented a robust credit risk management framework to enhance asset quality and control risks[130]. - The liquidity risk management strategy remains prudent, ensuring stable liquidity across various currencies and business lines[132]. - The market risk management framework includes gap analysis and stress testing to monitor and control risks effectively[134]. - The bank has implemented a series of measures to enhance credit risk prevention, including AI warning systems and risk limit management platforms[147]. Governance and Compliance - The company has no controlling shareholders or actual controllers as of the end of the reporting period, ensuring a clear governance structure[162]. - The company conducted two shareholder meetings during the reporting period, approving 13 resolutions including the financial budget for 2021 and the profit distribution plan for 2020[163]. - The company has implemented a self-assessment of corporate governance, enhancing compliance and effectiveness[162]. - The company is committed to maintaining compliance with regulatory requirements, as evidenced by the approval of new board members by the China Banking and Insurance Regulatory Commission[190].