Changshu Bank(SH:601128)2023-03-23 16:00Financial Performance - In 2022, the company's revenue increased by 15.07% to CNY 8,808,734,000, and net profit attributable to shareholders rose by 25.39% to CNY 2,743,731,000[23]. - The total assets reached CNY 287,881,374,000, marking a 16.75% increase from the previous year[24]. - The total deposits amounted to CNY 213,445,361,000, reflecting a growth of 16.81% year-on-year[24]. - The total loan amount reached CNY 193,433,049,000, with corporate loans at CNY 68,841,847,000, showing an 18.82% increase[25]. - The basic earnings per share increased by 25% to CNY 1.00[26]. - The weighted average return on equity improved by 1.44 percentage points to 13.06%[26]. - The company achieved operating income of 8.81 billion RMB, an increase of 1.15 billion RMB, or 15.07% year-on-year[47]. - Net profit attributable to shareholders reached 2.74 billion RMB, up by 556 million RMB, or 25.39% year-on-year[47]. - The net interest margin decreased to 2.88% in 2022 from 2.95% in 2021[11]. - The liquidity coverage ratio was 196.86% as of December 31, 2022, indicating strong liquidity position[34]. Risk Management - The company emphasizes the importance of risk management, identifying credit, market, liquidity, and operational risks as key areas of focus[8]. - The company has implemented measures to effectively manage and control various risks encountered in its operations[8]. - The non-performing loan ratio remained stable at 0.81% in 2022, unchanged from 2021[11]. - The provision coverage ratio improved to 536.77% in 2022, indicating strong asset quality management[11]. - The bank has strengthened credit risk management by optimizing the risk preference limit system and implementing differentiated credit policies for various industries and regions[126]. - The bank has implemented a comprehensive risk management framework for interest rate risk, ensuring stable net interest income and economic value[129]. Customer Engagement and Service - The company reported a strong customer engagement, with high foot traffic in its branches during both restricted and unrestricted periods[13]. - The company plans to maintain a return on equity (ROE) of about 13.5% and a stable cost-to-income ratio[145]. - The company is committed to expanding inclusive financial services and enhancing customer engagement through digitalization and ecological construction[144]. - The bank's retail business launched the "Star Benefit Loan" and "Star Mortgage Loan" products, achieving 23,000 active accounts with a total balance of 3.422 billion yuan[140]. - User retention rates improved to 85%, indicating strong customer loyalty and satisfaction[180]. Digital Transformation - The company has implemented a digital transformation strategy, significantly improving transaction processing capacity by 46 times[43]. - The company is focusing on digital transformation and has launched several integrated financial service platforms[142]. - The bank's digital transformation for small and micro businesses includes the development of a command system and mobile approval features, saving 20 minutes per transaction[140]. - The company has invested in green finance products to support the low-carbon transition of the real economy, aligning with environmental, social, and governance (ESG) requirements[157]. Organizational Development - The company trained over 40,000 employees in 2022, emphasizing organizational transformation and capability enhancement[23]. - The total number of employees in the parent company and major subsidiaries is 7,090, with 4,317 in the parent company and 2,773 in major subsidiaries[189]. - The company has established a sound and effective salary management mechanism to promote stable operations and sustainable development[191]. - The company launched a new training program for new managers and financial technology managers to enhance employee skills[195]. Strategic Initiatives - The company plans to expand its market presence by entering three new provinces in 2023, aiming for a 20% increase in market share[180]. - New product launches are expected to contribute an additional 500 million RMB in revenue in 2023, driven by innovative features and enhanced user experience[180]. - The company has allocated 200 million RMB for research and development in new technologies, focusing on digital banking solutions[180]. - The company has completed a strategic acquisition of a local fintech company, enhancing its technological capabilities and service offerings[182]. Community and Social Responsibility - Total donations and public welfare project investments amounted to CNY 8.7684 million, with CNY 6.8512 million allocated for poverty alleviation and assistance projects[158]. - The company is dedicated to creating a harmonious financial ecosystem through various financial literacy programs and community service initiatives[157]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 37,374, an increase from 34,730 at the end of the previous month[170]. - The top ten shareholders hold a total of 9.01% of shares, with the largest shareholder, Bank of Communications, holding 246,896,692 shares[171]. - The company has a total of 60 billion CNY in convertible bonds issued, with a listing date in October 2022[169].