Bank Of Guiyang(SH:601997)2019-04-15 16:00Financial Performance - Net profit attributable to shareholders of the parent company was RMB 5.14 billion, up 13.39% from RMB 4.53 billion in the previous year[15]. - Annual operating income was RMB 12.645 billion, with a net profit attributable to shareholders of RMB 5.137 billion, reflecting a reasonable growth rate in key metrics[25]. - The total profit for 2018 was RMB 5,545,393 thousand, compared to RMB 5,126,690 thousand in 2017, marking an increase of around 8.2%[66]. - The net profit attributable to shareholders of the parent company rose to RMB 5,137,277 thousand in 2018, up from RMB 4,530,676 thousand in 2017, which is an increase of approximately 13.4%[66]. - The bank achieved a net profit of 4.992 billion RMB in 2018, with a distributable profit of 14.898 billion RMB after accounting for retained earnings[123]. Capital and Dividends - The board of directors proposed a cash dividend of 4 RMB per 10 shares, totaling 919,436,760 RMB, and a capital reserve conversion of 4 shares for every 10 shares, increasing registered capital from 2,298,591,900 RMB to 3,218,028,660 RMB[2]. - The bank's cash dividend distribution increased by 21.21% compared to the previous year, reflecting a commitment to shareholder returns[123]. - The bank's profit distribution policy stipulates that at least 10% of the distributable profit will be allocated as cash dividends each year[121]. - The company plans to increase its registered capital from 2.298 billion RMB to 3.218 billion RMB through a capital reserve conversion of 4 shares for every 10 shares held[123]. Risk Management - The company has implemented measures to effectively manage and control various operational risks, including credit, liquidity, market, operational, compliance, information technology, and reputation risks[4]. - The bank has established a comprehensive risk management system that includes credit risk, market risk, operational risk, and liquidity risk, ensuring all business operations are conducted safely and steadily[97]. - Credit risk management has been enhanced with the implementation of differentiated business authorization management and a quarterly monitoring system for credit risk preferences and limits, resulting in stable asset quality[102]. - The liquidity risk management framework has been improved, with no liquidity risk events occurring throughout the year, indicating that liquidity risk is generally controllable[103]. - The bank faces risks including credit risk from bond market defaults and local government debt, as well as liquidity risks due to increased market volatility[120]. Assets and Loans - Total assets reached RMB 503.33 billion, an increase of 8.45% from RMB 464.11 billion at the beginning of the period[15]. - The total loan amount increased by 35.69% to RMB 170.30 billion, with corporate loans rising by 36.79% to RMB 130.21 billion[15]. - The non-performing loan ratio was 1.35%, slightly up from 1.34% in the previous year[16]. - The balance of inclusive small and micro enterprise loans was RMB 182.30 billion, up RMB 53.03 billion, with a growth rate of 41.02%, exceeding the overall loan growth rate by 4.69 percentage points[42]. - The total amount of loans classified as normal increased to CNY 163.59 billion, representing 96.06% of total loans, up 0.59 percentage points from the previous year[86]. Shareholder Information - The total number of ordinary shares as of December 31, 2018, is 2,298,591,900, with 100% of the shares accounted for[148]. - The largest shareholder, Guiyang State-owned Assets Investment Management Company, holds 331,097,476 shares, representing 14.40% of the total shares, with 83,000,000 shares pledged[155]. - The total number of shareholders increased from 76,187 to 77,835 during the reporting period[154]. - The top ten shareholders with limited sale conditions hold a total of 1,000,000,000 shares, with all shares eligible for trading by August 2019[157]. Corporate Governance - The bank's risk management is overseen by Mr. Deng Yong, who serves as the Chief Risk Officer, ensuring compliance and risk mitigation strategies are in place[176]. - The bank emphasizes the importance of regulatory approvals for leadership appointments, reflecting its commitment to governance standards[174]. - The company has a diverse board with members holding various degrees and extensive experience in finance and management[180]. - The board of directors is responsible for regularly reviewing the compliance and effectiveness of the remuneration system for senior management[187]. Employee Information - The total number of employees in the parent company is 5,852, while the total number of employees in major subsidiaries is 622, resulting in a combined total of 6,474 employees[190]. - The professional composition of employees includes 2,365 in management, 3,690 in business, and 419 in support roles, totaling 6,474[190]. - The educational background of employees shows that there are 356 with a master's degree or higher, 4,939 with a bachelor's degree, and 1,077 with an associate degree[190]. - The number of retired employees that the parent company and major subsidiaries need to support is 687[190]. Environmental and Social Responsibility - The company has invested RMB 10.8 billion in poverty alleviation industrial funds, expected to help lift 29,693 registered impoverished households out of poverty[142]. - The company donated over RMB 3.617 million in charitable activities during the reporting period, including RMB 275,000 raised during the "Poverty Alleviation Day" employee donation event[143]. - The company aims to enhance financial services for agriculture and rural areas, establishing a robust support system for poverty alleviation and rural development[145]. - The company successfully issued its first green financial bond in 2018, with a focus on seven key areas including forestry development and clean energy[146].