BANK OF XI'AN(SH:600928)2022-04-28 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.90 per 10 shares, totaling RMB 844 million (including tax) based on a total share capital of 4,444,444,445 shares[4]. Financial Performance - Total operating income for 2021 was CNY 7,203,045 thousand, a year-on-year increase of 0.91% compared to CNY 7,137,883 thousand in 2020[26]. - Net profit attributable to shareholders of the parent company reached CNY 2,804,324 thousand, reflecting a growth of 1.73% from CNY 2,756,499 thousand in the previous year[27]. - Total assets increased by 12.88% to CNY 345,863,917 thousand as of December 31, 2021, up from CNY 306,391,591 thousand at the end of 2020[27]. - The total amount of loans and advances reached CNY 181,800,944 thousand, marking a 5.72% increase from CNY 171,971,798 thousand in 2020[27]. - Total liabilities rose by 13.35% to CNY 318,260,782 thousand, compared to CNY 280,768,067 thousand in the previous year[27]. - Total deposits amounted to CNY 229,023,935 thousand, an increase of 10.46% from CNY 207,345,846 thousand in 2020[27]. - The bank's net assets attributable to shareholders of the parent company increased by 7.73% to CNY 27,540,861 thousand from CNY 25,565,386 thousand in 2020[27]. - Basic earnings per share for 2021 were CNY 0.63, a year-on-year increase of 1.61% compared to CNY 0.62 in 2020[30]. - The non-performing loan ratio increased to 1.32% in 2021, up 0.14 percentage points from 1.18% in 2020[33]. - The capital adequacy ratio decreased to 14.12% as of December 31, 2021, down 0.38 percentage points from 14.50% at the end of 2020[33]. - The liquidity coverage ratio was 417.85% as of December 31, 2021, indicating strong liquidity management[46]. Risk Management - The company has actively managed various operational risks, including credit risk, liquidity risk, and market risk, to ensure financial stability[5]. - The company has emphasized the importance of risk control in key areas such as internet loans and real estate loans[8]. - The company aims to align its risk management with national financial stability goals, addressing issues in both internal and external audits[8]. - The risk management framework has been strengthened, integrating regulatory constraints and strategic development into its practices[80]. - The liquidity risk management framework was enhanced, focusing on optimizing asset-liability management and ensuring the stability of deposits, especially time deposits[194]. - The company conducted regular liquidity stress tests to evaluate liquidity risk under specific scenarios and improve emergency response capabilities[195]. - Market risk management was centralized, with a focus on optimizing internal controls and enhancing risk measurement and reporting systems[197]. - The company increased efforts to control interest rate risks on its balance sheet, improving risk identification, measurement, and monitoring processes[200]. Digital Transformation - The company has enhanced its digital strategy, increasing its financial service capabilities in key areas like urban management, education, and healthcare[7]. - The bank's digital transformation strategy includes the launch of mobile banking 7.0 and integration with digital RMB, enhancing customer service capabilities[55]. - The digital banking transformation includes the launch of a "super APP" for enhanced customer service and experience[70]. - The company is actively pursuing digital transformation and innovation in financial technology, including the promotion of digital RMB and customized IT solutions[77]. - The company is actively developing digital RMB scenarios, establishing a benchmark for regional digital currency applications[71]. Support for Enterprises - The company has committed to supporting small and micro enterprises by increasing financial service capabilities and reducing fees[6]. - The company launched over 20 new features for the "Xi Yin e-loan" product, enhancing online services for small and micro enterprises[66]. - The bank provided over CNY 9 billion in financial support for major projects and key enterprises, contributing to local economic development[60]. - The company implemented nine measures to support the real economy during the pandemic, including increasing credit support for severely affected industries and ensuring loan extensions for small and micro enterprises[192]. - The company has increased support for manufacturing, key projects, and quality SMEs in alignment with national economic development strategies[191]. Awards and Recognition - The bank received multiple awards, including the "Best Financial Innovation Award" and "Top 10 Regional Retail Business Service City Commercial Banks" in 2021[22]. Wealth Management - The total balance of wealth management products reached 54.628 billion yuan, a year-on-year increase of 51.96%[185]. - The number of investors in wealth management products increased to 144,700, representing a year-on-year growth of 52.60%[185]. - Wealth management business revenue for the period was 233.3441 million yuan, up 47.94% year-on-year[185]. - The company established a digital wealth management platform to enhance customer experience and service delivery[186]. - The company’s wealth client numbers and AUM grew by 31.59% and 33.83% respectively compared to the previous year[187]. Operational Efficiency - The cost-to-income ratio increased to 26.06% in 2021, up 0.73 percentage points from 25.33% in 2020[30]. - The provision coverage ratio decreased to 224.21% in 2021, down 45.18 percentage points from 269.39% in 2020[33]. - The weighted average return on equity for 2021 was 10.59%, a decrease of 0.65 percentage points from 11.24% in 2020[30]. - The company has focused on enhancing IT capabilities, including upgrading the core accounting system and developing a centralized customer information management platform[72]. - The company made significant investments in data infrastructure to enhance data governance and improve marketing and risk management capabilities[72]. International Business Strategy - The international business strategy focuses on supporting key projects through various financial products, enhancing service diversity[69].