Financial Performance - As of the end of 2021, the total assets of Zijin Bank reached CNY 206.7 billion, with a deposit balance of CNY 156.2 billion, an increase of CNY 8 billion from the beginning of the year[14]. - Operating income for the year was CNY 4.502 billion, reflecting a growth of 0.6%, while net profit increased by 5.1% to CNY 1.515 billion[14]. - The net cash flow from operating activities was negative at CNY -23,135,964 thousand, a significant decline compared to CNY 13,081,997 thousand in 2020, representing a decrease of 276.85%[42]. - Operating revenue for 2021 was CNY 4,502,101 thousand, a slight increase of 0.57% compared to CNY 4,476,750 thousand in 2020[42]. - Net profit for 2021 reached CNY 1,515,204 thousand, reflecting a growth of 5.11% from CNY 1,441,496 thousand in 2020[42]. - The company reported a pre-tax profit of 1,779,000 thousand RMB, representing a year-on-year growth of 11.16%[95]. - The company’s audited net profit for 2021 was CNY 1,515,203,246.44, with a total distributable profit of CNY 2,792,298,506.42[182]. Loan and Asset Management - The loan balance stood at CNY 140.1 billion, growing by CNY 19.4 billion year-on-year, with agricultural and small micro loans accounting for 55.46% of the total[14]. - The total loans and advances increased by 16.05% to CNY 140,059,315 thousand from CNY 120,689,850 thousand in 2020[45]. - The non-performing loan ratio improved to 1.45%, marking the best level since the company went public[14]. - The provision coverage ratio increased to 232% from 220.15% in 2020, an increase of 11.85 percentage points[52]. - The company’s loan loss provision at the end of the period was CNY 4,710,311 thousand, after a provision of CNY 772,109 thousand during the period[139]. - The overdue loans over 90 days accounted for 48.46% of non-performing loans at the end of the reporting period[138]. Customer Growth and Services - The number of credit customers reached 1.111 million, an increase of 241.8% compared to the beginning of the year[15]. - The company added 341,500 new registered households and 93,300 new credit accounts during the reporting period, with a new credit balance of 3.74 billion yuan[70]. - The company completed 4,645 first-time loans to small and micro enterprises, amounting to 2.9 billion yuan[77]. - The company provided 84.421 billion CNY in small and micro enterprise loans, with 25.931 billion CNY being inclusive loans, an increase of 9.552 billion CNY year-on-year[87]. - The company has implemented a "whole village credit" service model to provide low-cost and convenient loan support to rural areas[34]. Strategic Initiatives and Innovations - The company launched innovative financial products such as "Jinling Huinong Micro Loan" and "Tax Credit Loan" to support rural revitalization[34]. - The company plans to focus on product and service innovation, resource reallocation, and business model transformation in its new strategic plan[38]. - The company has established a green loan product system, including "Green Loan," "Green Energy Loan," and "Environmental Protection Loan" to support various environmental initiatives[165]. - The company launched several innovative financial products, including "Zijin Quick Loan" and "Zijin Micro E Loan," to support small and micro enterprises[83]. Risk Management and Compliance - The bank's risk management measures led to a reduction in non-performing loans, with a focus on comprehensive risk management and monitoring systems[20]. - The company is facing various risks, including credit risk, liquidity risk, market risk, operational risk, information technology risk, and reputation risk[158]. - The company has established an ESG management system and actively promoted green finance, becoming the tenth commercial bank in China to sign the "Principles for Responsible Banking"[75]. Community Engagement and Social Responsibility - The company has donated approximately 1.01 million CNY worth of materials to support pandemic prevention efforts, receiving recognition from the Chinese Red Cross Society[169]. - The company has actively participated in social responsibility initiatives, including over 280 volunteer service events involving nearly 4,000 employees[170]. - The company donated over CNY 1.01 million in various materials for health and education support, including 10,000 health gift boxes for key rural areas in Nanjing[170]. Future Outlook and Goals - The company anticipates a stable economic outlook for 2022, with GDP growth projected at 8.1% for 2021, reflecting robust development momentum in the region[5]. - The company aims for a deposit growth of 11.5%, loan growth of 12.8%, and a net profit increase of over 4.67% for 2022[157]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the coming year[107].
紫金银行(601860) - 2021 Q4 - 年度财报