NJBK(SH:601009)2023-04-28 16:00Financial Performance - As of the end of 2022, the total assets of the company reached 2 trillion RMB, marking a historic milestone[13] - The loan balance was 946.913 billion RMB, an increase of 19.69% compared to the previous year[13] - The deposit balance was 1,238.032 billion RMB, growing by 15.52% year-on-year[13] - The company achieved a revenue of 44.606 billion RMB, representing a year-on-year growth of 9.00%[13] - The net profit attributable to shareholders was 18.408 billion RMB, an increase of 16.09% from the previous year[13] - The basic earnings per share were 1.76 RMB, reflecting a growth of 14.29% year-on-year[13] - Operating revenue for 2022 reached RMB 44,606,440, an increase of 9.00% compared to RMB 40,925,185 in 2021[30] - Net profit attributable to shareholders was RMB 18,408,039, reflecting a growth of 16.09% from RMB 15,856,757 in the previous year[30] - Total assets reached CNY 2.06 trillion, an increase of 17.76% year-over-year[16] - The net profit rose by 16.15% to RMB 18,543,956, attributed to increased operating income[35] Asset Quality and Risk Management - The non-performing loan ratio stood at 0.90%, indicating stable asset quality[13] - Non-performing loan ratio improved to 0.90%, down by 0.01 percentage points from the beginning of the year[16] - Provision coverage ratio stood at 397.20%, indicating a strong risk mitigation level[16] - The non-performing loan ratio decreased by 0.01 percentage points to 0.90%[35] - The loan impairment provision balance was CNY 33.826 billion, with a coverage ratio of 397.20%[154] - The overdue loans increased to RMB 11,448,353 thousand, with an overdue loan ratio of 1.21%, a decrease of 0.05 percentage points compared to the previous year[86] - The company has implemented measures to manage non-performing loans, including early detection and resolution of large problem assets[92] Digital Transformation and Technology - The company emphasized the importance of digital transformation and financial technology in enhancing its competitive edge in the banking sector[37] - The digital transformation efforts focus on cloud, online, and intelligent services to improve customer experience and operational efficiency[18] - The company has launched new products under the "Rui" series, enhancing its diversified product system to meet various customer wealth management needs[143] - The bank's mobile app user engagement increased by over 20%, enhancing customer service capabilities[137] - The company has established four new system platforms to enhance data governance and support management, improving operational efficiency[140] Awards and Recognition - The company ranked 101st in the "Top 1000 Global Banks" by The Banker magazine in 2022, improving by 8 positions from the previous year[27] - The company was awarded the "Best Transaction Bank" by Trade Finance magazine and the "Annual Market Influence Award" by the National Interbank Funding Center[27] - The N Card digital credit card was recognized as an "Outstanding Case of Digital Transformation" by China Net Finance in 2022[28] - The company received the "China Top 100 Enterprises Award" at the 22nd China Listed Companies Top 100 Forum, ranking 55th in the "Top 100 Listed Companies in China"[27] Strategic Focus and Growth Initiatives - The company aims for balanced, steady, and sustainable growth while enhancing internal collaboration and financial service levels[18] - The company plans to optimize its asset-liability structure and enhance financial management to ensure steady profit growth in 2023[151] - The company aims to enhance support for key sectors such as manufacturing, green finance, and "new infrastructure" in 2023[153] - The retail strategy will be accelerated, with a focus on wealth management and emerging businesses like personal pension accounts[166] Governance and Compliance - The company has no controlling shareholder and operates independently, maintaining complete independence in business, personnel, assets, institutions, and finance[178] - The company is committed to fair treatment of all investors and strict adherence to information disclosure management systems[177] - The board of directors consists of 9 members, including 4 independent directors, ensuring compliance with relevant laws and regulations[182] - The company has established a comprehensive risk management framework to enhance governance and compliance[155] Employee and Human Resources - In 2022, the bank recruited over 1,500 outstanding graduates, strengthening its human resources[42] - The bank's average employee age is 33, with 98.64% holding at least a bachelor's degree and 30.53% holding master's or doctoral degrees[42] - Employee compensation expenses were RMB 9.226 billion, accounting for 69.52% of total business and management expenses[62] Market Position and Client Base - The company achieved a credit rating of AAA with a stable outlook from China Chengxin International Credit Rating Co., Ltd.[26] - The company has established a total of 242 business outlets, expanding its coverage of small and micro financial services[123] - The wealth management client base reached 650,600, with an increase of 79,200 clients year-to-date, marking a historical high[130] Financial Products and Services - The company launched the "Technology-oriented Small and Medium Enterprises Financing Connection" initiative, with a loan balance of CNY 660.97 billion for technology and culture finance[124] - The balance of inclusive small and micro enterprise loans was CNY 906.09 billion, with a year-to-date increase of CNY 249.96 billion, or 38.10%[123] - The company underwrote over 230 billion yuan in non-financial corporate debt financing tools during the reporting period[126] Future Outlook - The company's 2023 operating targets include total assets reaching CNY 2.2 trillion, deposit balance of CNY 1.37 trillion, and new loans of approximately CNY 160 billion[167] - The non-performing loan ratio is expected to remain below 1%[167] - The company is committed to advancing its digital transformation and financial technology applications[166]