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郑州银行(002936) - 2022 Q4 - 年度财报

Financial Performance - Operating revenue for 2022 was RMB 15,101,350 thousand, an increase of 2.03% compared to RMB 14,800,539 thousand in 2021[18]. - Total profit decreased by 29.61% to RMB 2,807,230 thousand from RMB 3,988,138 thousand in the previous year[18]. - Net profit attributable to shareholders was RMB 2,422,304 thousand, down 24.92% from RMB 3,226,192 thousand in 2021[18]. - The total assets at the end of 2022 reached RMB 591,513,618 thousand, reflecting a growth of 2.88% from RMB 574,979,662 thousand in 2021[19]. - The non-performing loan ratio increased slightly to 1.88% from 1.85% in the previous year[20]. - The core tier 1 capital ratio decreased to 9.29% from 9.49% in 2021, a decline of 0.20%[20]. - The net interest margin for 2022 was 2.18%, down from 2.24% in 2021[21]. - The provision coverage ratio improved to 165.73% from 156.58% in the previous year, an increase of 9.15%[20]. - The total loans and advances (excluding accrued interest) increased by 14.49% to RMB 330,921,097 thousand from RMB 289,027,668 thousand in 2021[19]. - The weighted average return on equity decreased to 3.53% from 7.17% in 2021, a decline of 3.64%[20]. Risk Management - The company did not identify any significant risks that would adversely affect its future development strategy and operational goals during the reporting period[2]. - The company is focused on risk management and has outlined its strategies in the "Management Discussion and Analysis" section of the report[2]. - The provision coverage ratio for non-performing loans was calculated based on the balance of impairment provisions against the total amount of non-performing loans[24]. - The bank's capital adequacy ratio is calculated based on the statutory financial statements prepared in accordance with Chinese accounting standards[24]. - The non-performing loan ratio is calculated as the total amount of non-performing loans divided by the total amount of loans issued[24]. - The average return on assets for the reporting period was calculated based on the net profit as a percentage of the average total assets[24]. - The company has established a comprehensive market risk management framework, including risk identification, measurement, and monitoring[159]. - The company has implemented a daily risk monitoring system to enhance the quality and effectiveness of risk management[159]. - The company has revised its operational risk management framework to minimize operational losses[160]. - The company has developed a robust anti-money laundering framework, including 11 specialized regulations[165]. Strategic Initiatives - The company emphasizes a commitment to high-quality development and aims to establish itself as a leading bank in value[9]. - The bank plans to continue expanding its market presence and enhancing its product offerings in the future[9]. - Zhengzhou Bank is committed to digital transformation and has been designated as a policy-oriented financial operation entity for scientific and technological innovation[12]. - The bank's strategy includes a focus on risk control and the disposal of non-performing assets to strengthen its foundation[12]. - The bank aims to enhance its role in local economic development while adhering to national and provincial policy directives[13]. - The bank's strategic vision focuses on becoming a "value-leading bank for high-quality development" with three main business positions: trade logistics bank, SME financial service expert, and boutique citizen bank[34]. - The bank is actively pursuing digital transformation to enhance financial services for the real economy, leveraging the "Digital China" national strategy[34]. - The bank's strategy focuses on high-quality development, innovation-driven growth, and optimizing the asset-liability structure to achieve balanced growth in scale, profitability, and risk[175]. Loans and Advances - Zhengzhou Bank provided financial support for small and micro enterprises, processing 4,500 loan deferments totaling RMB 3.18 billion[10]. - The bank approved RMB 6.4 billion in loans for the "guarantee delivery" initiative, signing strategic cooperation agreements with 7 real estate companies[11]. - As of the reporting period, Zhengzhou Bank supported 2,640 innovation-related loans, with a total balance of RMB 24.1 billion[13]. - The total amount of loans and advances issued by the bank was RMB 330.92 billion, an increase of RMB 41.89 billion or 14.49% year-on-year[76]. - The balance of loans to small and micro enterprises reached RMB 44.292 billion, an increase of 13.72% compared to the end of the previous year, exceeding the overall loan growth rate by 0.88 percentage points[151]. - The cumulative issuance of inclusive loans to small and micro enterprises amounted to RMB 29.799 billion, with an average interest rate of 5.68%[151]. - The bank's total loan issuance reached RMB 330.92 billion, with a non-performing loan rate of 1.80% for corporate loans, a decrease of 0.06 percentage points year-on-year[101]. - Personal loans accounted for 24.57% of total loans, with a non-performing loan rate of 2.49%, an increase of 0.34 percentage points from the previous year[101]. Shareholder Information - The bank's total issued shares as of December 31, 2022, amounted to 8,265,537,599, including 1,836,780,000 H shares and 6,428,757,599 A shares[178]. - The total number of ordinary shareholders at the end of the reporting period was 98,586, with 98,532 A-share shareholders and 54 H-share shareholders[187]. - The top 10 ordinary shareholders held a total of 4,200,000,000 shares, with the largest shareholder, Hong Kong Central Clearing Limited, holding 1,836,588,724 H-shares, representing 22.22%[188]. - Zhengzhou Finance Bureau held 597,496,646 A-shares, accounting for 7.23% of total shares, with 84,799,000 shares pledged[188]. - The report indicates that there were no special agreements for repurchase transactions among the top 10 shareholders[191]. - The report highlights the ownership structure involving multiple layers of control among major shareholders, particularly in state-owned enterprises[195]. - The major shareholders include Zhengzhou Finance Bureau, Zhengzhou Investment Holding Co., Ltd., and other related entities[200]. - There are no controlling shareholders or actual controllers for Zhengzhou Bank as of the end of the reporting period[200]. Economic Outlook - The bank anticipates facing risks from global economic downturns and domestic economic pressures in 2023[174]. - The overall economy is expected to return to potential growth rates in 2023, with significant consumption rebound anticipated due to targeted interest rate cuts in the real estate sector[175]. - The bank will closely monitor macroeconomic policies and the impact of extreme weather on its operations, ensuring financial stability and operational results[175]. - The bank's focus on restoring and expanding consumption is aligned with provincial efforts to activate the real estate market and promote major project advancements[175].