QILU BANK(SH:601665)2023-04-27 16:00Financial Performance - The total operating income for 2022 was CNY 11,063,702 thousand, representing an increase of 8.82% compared to 2021[22]. - The net profit for 2022 reached CNY 3,630,907 thousand, reflecting an 18.18% growth year-over-year[22]. - The total assets at the end of 2022 amounted to CNY 506,013,306 thousand, a 16.75% increase from the previous year[22]. - The total loans increased to CNY 257,261,568 thousand, marking an 18.76% rise compared to 2021[22]. - The total deposits reached CNY 349,649,963 thousand, reflecting a 19.33% increase year-over-year[22]. - The basic earnings per share for 2022 was CNY 0.73, a 14.06% increase from 2021[23]. - The weighted average return on equity rose to 11.92%, an increase of 0.52 percentage points from the previous year[23]. - The total income from corporate banking was 5.90 billion RMB, with a profit of 1.67 billion RMB, showing an increase from the previous year[114]. - The bank's total income from personal banking was 3.21 billion RMB, with a profit of 1.21 billion RMB, also an increase year-on-year[114]. Asset Quality - The non-performing loan ratio improved to 1.29%, down from 1.35% in 2021[25]. - The provision coverage ratio increased to 281.06%, up from 253.95% in the previous year[25]. - The overall asset quality has shown a steady improvement, with the total non-performing loan balance at CNY 3.32 billion, resulting in a non-performing loan ratio of 1.29%[79]. - The bank's loan impairment provision balance was CNY 9.33 billion, with a provision coverage ratio of 281.06%, an increase of 27.11 percentage points year-on-year[89]. Growth in Loans and Deposits - As of the end of 2022, the total assets, deposits, and loans of Qilu Bank experienced rapid growth, with a 30.89% increase in the balance of inclusive loans for small and micro enterprises[10]. - The balance of inclusive loans accounted for over 20% of the total loans, reflecting the bank's commitment to serving the real economy[10]. - Loans to private and small enterprises surpassed RMB 10 billion, with inclusive loans accounting for over 20% of total loans[12]. - Personal deposits totaled CNY 163.07 billion, up CNY 38.56 billion, or 30.97% year-over-year[41]. - The bank's county-level branches saw deposits and loans grow by 43.04% and 32.35% respectively, significantly outpacing the average growth across the bank[10]. Digital Transformation and Technology - Qilu Bank is advancing its digital transformation strategy, with plans for a three-year roadmap to enhance customer service and operational efficiency[11]. - The bank is focusing on integrating financial technology to improve customer experience and satisfaction[11]. - The bank's inclusive financial services have expanded, with a strong emphasis on digital and online development[10]. - The bank has adopted a digital transformation strategy, improving its online customer acquisition and service delivery channels[37]. - The bank's online banking and mobile banking transaction volume reached CNY 2.43 trillion, reflecting a year-over-year growth of 7.14%[49]. Risk Management - The bank has established a comprehensive risk management mechanism to improve risk pricing and measurement capabilities[12]. - The bank has implemented a comprehensive risk management system focusing on credit, market, operational, liquidity, and compliance risks[132][134][135][137][138]. - The bank's liquidity coverage ratio significantly increased to 277.77%, up from 193.35% in the previous quarter[30]. - The bank's debt quality management system is aligned with its liability scale and structure, adhering to regulatory requirements[107]. Corporate Governance - The current board of directors includes experienced professionals with backgrounds in banking and finance, such as the chairman Zheng Zugang and vice chairman Zhang Hua, who have extensive experience in various leadership roles within the banking sector[157][159]. - The bank's management team consists of individuals with advanced degrees and significant expertise in finance, including independent directors with backgrounds in accounting and law, enhancing the governance structure[158][161]. - The bank's leadership is well-positioned to navigate the evolving financial landscape, leveraging their collective experience in both domestic and international markets[159][161]. - The company held three shareholder meetings during the reporting period, complying with the Company Law and its articles of association[151]. Awards and Recognition - Qilu Bank was awarded the "Outstanding Wealth Management City Commercial Bank" and received approval for securities investment fund sales[12]. - The company received multiple awards in 2022, including recognition for outstanding contributions to the local economy and digital financial innovation[21]. Strategic Initiatives - The bank has committed to a new three-year development plan and digital transformation strategy starting in 2023, aiming for high-quality growth[11]. - The bank plans to continue supporting the construction of a modern socialist economy in 2023[13]. - The bank aims to enhance its service capabilities to support the real economy and expand domestic demand, focusing on key strategic projects[144]. - The bank's development strategy emphasizes digital transformation as a core driver, aiming to enhance various values including user and product value[145].