ZJB(SH:601860)2019-03-29 16:00Financial Performance - Total assets reached RMB 193.2 billion, with deposits at RMB 114.7 billion and loans at RMB 87.1 billion, marking significant growth[19]. - The bank achieved a net profit growth in double digits, with operating income also increasing, reflecting a strong operational momentum[19]. - In 2018, the company's operating income reached CNY 4,229,565 thousand, an increase of 16.77% compared to 2017[34]. - The net profit attributable to shareholders was CNY 1,253,766 thousand, reflecting a growth of 10.20% year-on-year[34]. - The company achieved a comprehensive income total of RMB 1.55 billion, a 54.39% increase year-on-year[71]. - Operating revenue for 2018 was RMB 4.23 billion, a year-on-year increase of 16.77%, while net profit reached RMB 1.25 billion, up 10.20%[66]. - The total deposits reached CNY 114.71 billion in 2018, compared to CNY 101.83 billion in 2017, indicating a growth of about 12.7%[119]. - The loan total for 2018 was CNY 87.14 billion, an increase from CNY 72.74 billion in 2017, reflecting a growth of approximately 19.8%[119]. Risk Management - The bank maintained a zero-incident record with no major loss events, demonstrating effective risk management and compliance measures[20]. - The bank's risk management framework was enhanced with the implementation of a three-year comprehensive risk management plan[20]. - The company implemented a comprehensive risk control system, focusing on credit, market, liquidity, and compliance risks[54]. - The company established five mechanisms for credit risk management, including market access, loan approval, credit exit, risk warning, and non-performing asset disposal[156]. - The liquidity risk management goal is to control liquidity risk within acceptable limits, ensuring the company's sustainable and stable operation[159]. - The company has implemented a comprehensive operational risk management framework, focusing on key business areas to minimize potential losses[165]. Innovation and Product Development - A total of 25 innovative products were launched during the year, with notable awards for "Green Energy Loan" and "Green Loan" for financial innovation[19]. - The "Green Energy Loan" product received a second prize in the 2018 Nanjing Financial Innovation Awards, promoting green energy development[170]. - The "Private Banking Exclusive Product" was launched for high-net-worth clients, enhancing the company's brand image in private banking[171]. - The "Zijin E Loan" series offers online loan products with a streamlined application process, completing approvals in just three minutes[170]. - The company introduced the "Zijin Flash Card," enabling instant credit card approval and usage, improving customer experience[171]. Operational Efficiency - The bank's cost-to-income ratio showed a significant decline, reflecting improved operational efficiency[19]. - The cost-to-income ratio improved to 33.42%, a decrease of 1.59 percentage points from the beginning of the year[65]. - The non-performing loan ratio and the proportion of overdue loans over 90 days both decreased, indicating significant improvement in operational efficiency[59]. - The bank's liquidity ratio was 61.22% in 2018, significantly above the minimum requirement of 25%[122]. - The bank's core tier 1 capital adequacy ratio remained stable at 9.70% in 2018, consistent with 2017[122]. Market Presence and Customer Base - The number of network financial customers reached 1.75 million, with direct banking users increasing by 150,000, enhancing online customer acquisition capabilities[19]. - The company’s electronic banking usage rate and total customer count ranked in the top tier among provincial rural commercial banks[60]. - The bank has a total of 133 branches, indicating a stable network for market expansion[125]. - The company plans to continue expanding its market presence and investing in new technologies to enhance growth prospects[43]. Shareholder and Stakeholder Information - 南京紫金投资集团有限责任公司 holds 328,129,524 shares, representing a significant stake in the company[173]. - 江苏省国信资产管理集团有限公司 holds 267,852,322 shares, indicating its strong influence as a major shareholder[173]. - 江苏苏豪投资集团有限公司 holds 111,635,151 shares, contributing to the company's shareholder diversity[173]. - 南京金威智能科技有限公司 has a shareholding of 15,723,480, accounting for 0.43% of the total shares[176]. - The company has a diverse range of associated entities, including 南京证券股份有限公司 and 南京紫金资产管理有限公司, indicating a broad operational network[177]. Future Outlook and Strategic Plans - The company aims for high-quality development and strategic planning in 2019, focusing on risk control and management[106]. - The company provided a future outlook, projecting a revenue growth of 10% for the next quarter, driven by new product launches[189]. - Market expansion plans include entering two new provinces, aiming for a 30% market share in those regions by 2025[191]. - The company announced a strategic acquisition of a local competitor, expected to enhance operational efficiency and increase market presence[192]. - The company aims to reduce operational costs by 15% through improved supply chain management and automation[194].