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江阴银行(002807) - 2020 Q4 - 年度财报
JRCBJRCB(SZ:002807)2021-03-30 16:00

Financial Performance - The total operating income for 2020 was RMB 3,351,289 thousand, a decrease of 1.56% compared to RMB 3,404,346 thousand in 2019[23]. - The net profit attributable to shareholders of the listed company was RMB 1,056,881 thousand, representing an increase of 4.36% from RMB 1,012,687 thousand in the previous year[23]. - The net profit after deducting non-recurring gains and losses was RMB 1,037,199 thousand, up by 1.05% from RMB 1,026,424 thousand in 2019[23]. - The basic earnings per share for 2020 was RMB 0.4866, down by 2.11% from RMB 0.4971 in the previous year[23]. - The diluted earnings per share was RMB 0.4355, a decrease of 0.93% from RMB 0.4396 in 2019[23]. - The weighted average return on equity was 8.85%, a decline of 0.25 percentage points from 9.10% in the previous year[23]. - The total profit for 2020 was CNY 1,106,765 thousand, a decrease of CNY 5,833 thousand or 0.52% compared to 2019[77]. - Net profit for 2020 reached CNY 1,070,130 thousand, an increase of CNY 58,353 thousand or 5.77% year-over-year[77]. - The 2020 net profit after tax was CNY 1,042.60 million, with a proposed cash dividend of CNY 1.80 per 10 shares, totaling CNY 390.96 million, which represents 36.99% of the net profit attributable to ordinary shareholders[193][198]. Cash Flow and Dividends - The net cash flow from operating activities was RMB 3,347,884 thousand, a significant decrease of 70.80% compared to RMB 11,466,470 thousand in 2019[23]. - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares (including tax) to all shareholders[6]. - The company has maintained a cash dividend policy that requires at least 30% of the average distributable profit over the last three years to be distributed as cash dividends[190]. - The cash dividend for 2019 was CNY 390.96 million, accounting for 38.61% of the net profit attributable to ordinary shareholders[198]. Assets and Liabilities - Total assets increased to CNY 142,766,234 thousand, a growth of 13.00% compared to CNY 126,343,092 thousand[26]. - Net assets attributable to shareholders rose to CNY 12,131,493 thousand, reflecting a 3.18% increase from CNY 11,757,457 thousand[26]. - The bank's total liabilities reached CNY 130.51 billion, an increase of CNY 16.04 billion or 14.01% from the previous year[103]. - The bank's cash and deposits with the central bank amounted to CNY 9.90 billion, accounting for 6.94% of total assets, a decrease of 1.64% from the previous year[94]. Loans and Deposits - Total deposits reached CNY 105,759,036 thousand at the end of 2020, up from CNY 95,288,357 thousand in 2019, marking a significant increase[39]. - Total loans amounted to CNY 77,210,353 thousand, an increase from CNY 67,069,695 thousand in the previous year[39]. - Total deposits reached RMB 1,030.75 billion by the end of 2020, an increase of RMB 99.66 billion or 10.7% year-on-year[106]. - The total amount of loans and advances was CNY 80.23 billion, up CNY 10.03 billion or 14.29% year-on-year, with corporate loans increasing by 10.37% and personal loans by 36.23%[98]. Risk Management - The non-performing loan ratio was reported at 1.79%, well below the regulatory limit of 5%[40]. - The bank's credit risk management policies are aimed at maintaining overall credit asset quality stability and ensuring loss provisions cover non-performing loans[143]. - The bank has established measures to control loan concentration risk, with single customer loan balances not exceeding 10% of net capital, and single group customer credit balances not exceeding 15%[148]. - The bank's liquidity ratio as of December 31, 2020, was 99.05%, indicating a stable and controllable liquidity situation[166]. Business Strategy and Innovation - The company aims to enhance its financial performance by focusing on four profit segments: corporate finance, inclusive finance, personal retail, and interbank finance[184]. - The company has committed to a strategy of digital transformation, aiming for a more personalized and intelligent banking experience[184]. - The company launched several innovative products, including "Factory Loan," "Environmental Loan," and "Chain Financing Loan" to meet diverse customer needs[65]. - The bank established three dedicated departments for small micro finance, inclusive finance, and retail finance to accelerate retail transformation[54]. Customer Engagement and Technology - The bank's electronic banking counter replacement rate reached 96.9%, with mobile banking users totaling 670,000 by the end of 2020[57]. - The bank's electronic banking transaction substitution rate has exceeded 90%, indicating a significant shift towards online channels for customer interactions[175]. - The bank has engaged in various investor communication activities to discuss business operations and industry developments[187].