Bank Of Guiyang(SH:601997)2023-04-28 16:00Financial Performance - The total operating income for 2022 was RMB 15,642,966,000, representing a 4.26% increase compared to RMB 15,004,111,000 in 2021[13]. - The net profit attributable to shareholders of the parent company for 2022 was CNY 6,106,642, an increase of 1.02% compared to CNY 6,044,831 in 2021[14]. - The operating profit for 2022 was CNY 6,809,066, showing a slight increase of 0.20% from CNY 6,795,707 in the previous year[14]. - The bank's basic earnings per share decreased to CNY 1.60, down 3.03% from CNY 1.65 in 2021[14]. - Operating income for 2022 was CNY 15.643 billion, a year-on-year growth of 4.26%; net profit attributable to shareholders was CNY 6.107 billion, up 1.02%[33]. - The bank's total revenue of CNY 5.2 billion for 2022 represented a year-on-year increase of 12%[193]. Assets and Liabilities - Total assets as of December 31, 2022, reached CNY 645,998,467, reflecting a growth of 6.13% from CNY 608,686,846 in 2021[14]. - The total amount of loans and advances reached RMB 285.29 billion, an increase of RMB 30.3 billion, or 11.88% from the beginning of the year[82]. - The total principal amount of loans and advances reached RMB 285.29 billion, an increase of RMB 30.3 billion, or 11.88% from the beginning of the year[82]. - The bank's total assets grew to CNY 150 billion, reflecting a growth rate of 8% year-on-year[197]. Risk Management - The company faces various risks including credit risk, liquidity risk, market risk, operational risk, compliance risk, information technology risk, reputation risk, and interest rate risk[3]. - The bank's non-performing loan ratio remained stable at 1.45% for 2022, unchanged from 2021[15]. - The bank's non-performing loan ratio improved to 1.5%, down from 1.8% in the previous year, indicating better asset quality management[187]. - The bank's risk management framework is aligned with its strategic goals, ensuring effective identification, measurement, and response to various risks[140]. - The bank has implemented a liquidity risk management strategy, maintaining a reasonable level of liquidity and ensuring all payment and settlement operations are conducted smoothly, with no liquidity risk events reported during the year[143]. Capital Adequacy - The capital adequacy ratio improved to 14.16%, an increase of 0.20 percentage points from 13.96% in the previous year[15]. - The core tier 1 capital adequacy ratio stood at 10.95%, up from 10.71% in the previous period, indicating improved capital strength[20]. - As of December 31, 2022, the core tier 1 capital net amount reached RMB 52,484.57 million, an increase from RMB 48,167.64 million in 2021, reflecting a growth of 6.8%[155]. - The total risk-weighted assets amounted to RMB 479,206.60 million, up from RMB 453,700.42 million in 2021, indicating a year-on-year increase of 5.6%[156]. Governance and Compliance - The financial report received a standard unqualified audit opinion from Ernst & Young Hua Ming[2]. - The bank's governance structure was optimized to ensure effective decision-making and risk management[29]. - The company has seen changes in its board, with several directors resigning due to work-related reasons in 2022[185]. - The bank conducted 15 compliance briefings to enhance employee awareness of compliance risks and has implemented a series of training programs for new employees[148]. Community and Social Responsibility - Guizhou Bank donated 15 million yuan to the health department of Guiyang to assist in pandemic control efforts[30]. - The bank's commitment to social responsibility was highlighted through its initiatives in public welfare and community support[30]. - The bank actively supported local economic development and small and micro enterprises, focusing on the manufacturing sector and supply chain finance[30]. Digital Transformation and Innovation - The bank emphasized digital transformation and customer-centric services to enhance its operational efficiency[30]. - The bank is focusing on digital transformation and has established a leadership group to enhance data standardization and digital financial scenarios[36]. - Guizhou Bank has launched a new mobile banking app, which has already attracted 1 million downloads within the first month of its release[188]. - The bank is investing CNY 200 million in new technology development, focusing on digital banking solutions to enhance customer experience[188]. Future Outlook - The bank aims to enhance consumer confidence and support traditional service industries, particularly those impacted by economic downturns, with a focus on small and micro enterprises[162]. - Future guidance suggests a target net profit growth of 12-15% for the upcoming fiscal year, driven by increased lending and improved operational efficiency[190]. - The bank plans to expand its market presence by opening 50 new branches in the next fiscal year, aiming for a 10% increase in market share[190].