NJBK(SH:601009)2021-04-29 16:00Financial Performance - Total assets reached over 1.5 trillion yuan, an increase of 12.93% year-on-year[10]. - Total deposits amounted to 946.2 billion yuan, growing by 11.33% compared to the previous year[10]. - Loan balance stood at 674.6 billion yuan, reflecting an 18.58% increase year-on-year[10]. - Revenue was 34.465 billion yuan, a year-on-year growth of 6.24%[10]. - Net profit attributable to shareholders was 13.101 billion yuan, up by 5.20% year-on-year[10]. - Non-performing loan ratio remained stable at below 1%[10]. - The company's operating income for 2020 was CNY 34,465,476, an increase of 6.24% compared to CNY 32,442,262 in 2019[31]. - The net profit attributable to shareholders for 2020 was CNY 13,100,883, reflecting a growth of 5.20% from CNY 12,453,477 in 2019[31]. - The company’s basic earnings per share for 2020 was CNY 1.34, a decrease of 5.63% from CNY 1.42 in 2019[31]. - The company’s total liabilities increased to CNY 1,409,042,793, a rise of 12.23% from CNY 1,255,507,175 in 2019[31]. Risk Management - The board of directors confirmed that there are no significant risks foreseen in the company's operations, with existing risks being effectively managed[6]. - The company has taken various measures to manage and control operational risks, including credit, market, liquidity, and operational risks[6]. - The company has enhanced its risk management strategies and improved customer service capabilities in response to market trends and economic conditions[62]. - The company has implemented measures to enhance the efficiency of non-performing asset disposal, including debt restructuring and market-oriented transfer methods[141]. - The company’s non-performing loan ratio for microloans was 0.71% at the end of 2020, a decrease of 0.13 percentage points from the previous year[158]. - The company’s non-performing loan ratio for corporate loans was 1.00%, a decrease of 0.07 percentage points, reflecting improved asset quality management[136]. Strategic Initiatives - The company emphasizes its commitment to high-quality development despite the challenges posed by the COVID-19 pandemic[9]. - The company has strengthened its strategic execution and transformation efforts during the pandemic[9]. - The company plans to accelerate its digital transformation and deepen market integration to create new growth and strategic development spaces[13]. - The company launched the "Retail Strategy 2.0" reform, focusing on a customer-centric approach and establishing a comprehensive retail customer management framework[22]. - The company aims to enhance its service to the real economy and support small and medium-sized enterprises in 2021[157]. - The company plans to continue optimizing deposit structure and reducing deposit costs in 2021[156]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 3.93 RMB per 10 shares, totaling 3.933 billion RMB, based on a total share capital of 10,007,016,973 shares[6]. - The company achieved a net profit of RMB 12.773 billion for the year 2020, with a proposed cash dividend distribution of RMB 39.33 billion, accounting for 30.02% of the net profit attributable to the parent company's shareholders[192]. - The total distributable profit for the year, after accounting for statutory surplus reserves and general risk reserves, was RMB 97.57 billion, leading to a total available profit of RMB 385.94 billion after adding undistributed profits[192]. Compliance and Governance - The company has implemented a compliance management framework, emphasizing a "compliance for all" approach, with specific goals outlined in the "Compliance for All Construction Implementation Outline (2020-2022)"[184]. - The company has established a compliance bottom line manual and initiated compliance bottom line execution environment assessments to ensure adherence to regulations[184]. - The establishment of a comprehensive risk management governance structure has clarified the roles of the board, supervisory board, and senior management in risk governance[176]. Customer Engagement and Product Development - The company launched new financial products such as "Tongxin Loan" and "Suyingbao" aimed at supporting enterprises affected by the pandemic[10]. - The company achieved a 34% growth in active basic customers, with personal deposits exceeding 200 billion yuan, representing an increase of 2.52 percentage points[13]. - The company actively supported the recovery of enterprises during the pandemic, implementing various financial measures to assist in resuming production[45]. - The company has developed over 400 AI analysis models on its Crystal Ball AI platform, enhancing operational efficiency and decision-making capabilities[74]. Market Position and Recognition - The company ranked 128th in the 2020 World's Top 1000 Banks by The Banker, improving by one position from the previous year[26]. - The company was awarded the "Best Small and Medium Bank" by Contemporary Banker in 2020[27]. - The company achieved a RAROC ranking of 4th and an economic profit ranking of 6th in McKinsey's 2020 China TOP 40 Banks Value Creation Ranking[26].