Bank Of Jiangsu(SH:600919)2023-04-25 16:00Financial Performance - The total asset scale of Bank of Jiangsu reached 3 trillion RMB, with a year-on-year increase in earnings per share of 32.23%[11] - Net profit attributable to shareholders was CNY 25.386 billion, a year-on-year increase of 28.90%[16] - The company achieved operating revenue of RMB 70,570,422 thousand, representing a year-on-year increase of 10.66%[46] - The net profit attributable to shareholders was RMB 25,385,993 thousand, an increase of 28.90% compared to 2021[46] - The return on equity (ROE) was 14.79%, an increase of 2.19 percentage points year-over-year[68] - The group reported a significant increase in trading financial liabilities, which surged by 3,470.71% from CNY 254,093 to CNY 9,072,932[51] - Jiangsu Bank reported a net profit of 1.2 billion yuan for the fiscal year, representing a year-over-year increase of 15%[190] Asset and Loan Growth - Total assets reached CNY 29,802.95 billion at the end of 2022, an increase of 13.80% year-on-year[16] - Total loans stood at CNY 16,041.89 billion, reflecting a year-on-year growth of 14.57%[16] - The balance of loans to the manufacturing sector was CNY 193.2 billion, up 20.75% year-on-year, accounting for 21.78% of the total corporate loan balance[114] - The total amount of loans classified as normal was CNY 1.568 trillion, representing 97.75% of total loans, showing a slight increase in quality[104] - The company's loans and advances amounted to RMB 1,556,170,969 thousand, reflecting a growth of 14.50% compared to RMB 1,359,127,491 thousand in the previous year[80] Deposit Growth - Total deposits amounted to CNY 16,251.47 billion, growing by 11.99% compared to the previous year[16] - Customer deposits increased by 12.16% to RMB 1,658,677,652 thousand from RMB 1,478,812,360 thousand year-over-year[80] - Corporate deposits accounted for 54.28% of total deposits, while personal deposits increased by 31.21% to 555,175,263 thousand RMB[101] Non-Performing Loans and Risk Management - The non-performing loan ratio improved to 0.94%, down by 0.14 percentage points from the previous year[16] - The overdue loans for more than 90 days accounted for 66.81% of the non-performing loans, indicating a need for closer monitoring[108] - The provision coverage ratio improved to 362.07%, an increase of 54.35 percentage points year-on-year[68] - The migration rate for normal loans was 1.54%, down from 2.08% in the previous year, indicating improved loan quality[105] Digital Transformation and Innovation - The company launched a large language model platform with 176 billion parameters for customer service applications[16] - The company is actively exploring the application of digital RMB and has launched digital RMB-based loan and wealth management products[18] - The bank's digital transformation strategy emphasizes enhancing customer experience, efficiency, and security, with significant investments in fintech capabilities[121] - The bank has launched a new mobile banking app, which has seen a download rate of 1 million within the first month[190] Green Finance and ESG Commitment - The bank's green credit balance ranked first among commercial banks directly managed by the central bank, reflecting its commitment to ESG strategies[12] - Green finance investment and financing scale reached CNY 3,203 billion, a 52% increase year-on-year[16] - The balance of green credit reached CNY 201.5 billion by the end of 2022, with a year-on-year increase of 58%, and clean energy loans grew by 162% to CNY 27.5 billion[114] Awards and Recognition - The company received multiple awards, including the "High-Quality Development Bank Tianji Award" in December 2022[41] - SuYin Wealth Management's wealth management business received multiple awards in 2022, including the "Golden Bull Award" and "Golden Shell Award" for excellence[123] Dividend Distribution - The bank plans to distribute cash dividends of 5.156 RMB per 10 shares, totaling 761.524 million RMB, which accounts for 30% of the net profit attributable to the parent company[5] - The board of directors' proposal for the 2022 dividend distribution is pending approval from the shareholders' meeting[200] Employee and Management Structure - The total number of employees in the group at the end of the reporting period was 17,590, including 5,005 management personnel, 5,510 marketing personnel, and 5,785 operational personnel[196] - The company has implemented a comprehensive training plan to enhance employee skills and capabilities[198] - The company experienced changes in its board and management, with new appointments including a new chairman and independent directors[195] Governance and Compliance - The company has established a clear boundary of responsibilities among governance bodies, ensuring checks and balances[156] - The company emphasized compliance and effectiveness in governance, integrating party leadership into its governance structure[156] - The company is actively managing its governance structure by ensuring compliance with legal and regulatory requirements during the transition of board members[180]