ZJB(SH:601860)2023-04-28 16:00Financial Performance - As of December 2022, total assets reached 224.7 billion yuan, an increase of 8.7% year-on-year[8]. - Total deposits amounted to 175.9 billion yuan, up 12.6% from the previous year[14]. - Total loans reached 160.3 billion yuan, reflecting a growth of 14.4% year-on-year[14]. - Net profit for the year was 1.6 billion yuan, representing a year-on-year increase of 5.6%[8]. - The company's operating revenue for 2022 was CNY 4,506,757 thousand, a slight increase of 0.10% compared to CNY 4,502,101 thousand in 2021[34]. - Net profit for 2022 reached CNY 1,600,177 thousand, reflecting a growth of 5.61% from CNY 1,515,204 thousand in 2021[34]. - The total assets at the end of 2022 amounted to CNY 224,722,133 thousand, an increase of 8.74% from CNY 206,666,030 thousand in 2021[36]. - The total loans and advances increased by 14.45% to CNY 160,295,782 thousand in 2022, up from CNY 140,059,315 thousand in 2021[36]. - The company's cost-to-income ratio rose to 38.57% in 2022, an increase of 2.72 percentage points from 35.85% in 2021[41]. - The company achieved operating income of 4.51 billion RMB, a slight increase of 0.1% compared to the previous year[77]. Asset Quality and Risk Management - The non-performing loan ratio improved to 1.20%, a decrease of 0.25 percentage points from the beginning of the year[8]. - The provision coverage ratio increased to 246.7%, up by 14.66 percentage points from the beginning of the year, indicating improved asset quality and risk resilience[17]. - The non-performing loan ratio of the bank was 1.20% at the end of 2022, a decrease of 0.25 percentage points from the beginning of the year, marking the best performance in history[17]. - The liquidity ratio stood at 60.47%, well above the standard value of 25%[46]. - The company faces significant credit risk due to potential defaults from borrowers, which could impact its financial stability[130]. Customer Engagement and Services - The number of credit customers increased to 94,400, a growth of 18.3% compared to the beginning of the year[9]. - The company provided fee reductions totaling 24 million yuan, benefiting 37,000 small and micro enterprises[16]. - The company has established 361 service points, covering all streets and villages in the city, benefiting approximately 760,000 rural residents[16]. - The company issued small and micro enterprise loans totaling CNY 118.23 billion, with inclusive small and micro enterprise loans amounting to CNY 30.29 billion, an increase of CNY 4.36 billion year-on-year[64]. - The company has increased the number of small and micro enterprise loan accounts to 22,847, an increase of 4,284 accounts since the beginning of the year[64]. Green Finance Initiatives - Green credit exceeded 10 billion yuan, marking a significant advancement in green finance[15]. - The bank's first green branch was inaugurated in Jiangbei New District, contributing to its recognition as one of Jiangsu's top ten green finance institutions[29]. - The company has established a green finance center to promote sustainable financial practices, with the first green branch opened in 2021 and awarded "Star-level Green Bank" in 2022[136]. - The company launched various green financial products, including "Green Loan" for the landscaping industry and "Green Energy Loan" for energy-saving projects, enhancing support for green enterprises[138]. - The "Zijin Environmental Loan" product was developed to support pollution prevention and ecological restoration projects, with loan pricing linked to environmental credit ratings[138]. Strategic Development and Compliance - The bank aims to deepen strategic transformation and maintain compliance with risk management as a priority in 2023[17]. - The bank's strategic plan for 2021-2025 includes a focus on compliance, high-quality development, and innovative service models[30]. - The company is committed to supporting rural revitalization, aligning its development strategy with national priorities[127]. - The company anticipates ongoing regulatory scrutiny, which may impact its operational flexibility and profitability[129]. - The company has implemented a dynamic credit policy based on environmental risk assessments, categorizing clients into different environmental risk levels[139]. Governance and Shareholder Information - In 2022, the company held a total of 26 meetings, including 2 shareholder meetings and 6 board meetings, to ensure effective governance[147]. - The company has implemented 17 new governance regulations to enhance decision-making and clarify responsibilities among governance bodies[148]. - The company has made commitments regarding shareholding restrictions for major shareholders, including a 36-month lock-up period post-IPO[158]. - The company has not faced any risks of suspension or termination of listing during the reporting period[165]. - The company has 151 pending lawsuits with a total amount involved of 137 million RMB, primarily related to credit disputes[165]. Employee Engagement and Development - The total number of employees is 2,387, with 1,721 in business roles and 369 in management roles[195]. - In 2022, the company conducted 103 training sessions, achieving a 100% employee coverage rate[198]. - The company has established a training management system to support ongoing employee development[197]. - The company organized various employee engagement activities, with over 400 employees participating in sports and cultural events[145].