2019-03-29 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.20 per share to all shareholders, based on a total of 4,509,690,000 shares[2]. - The cash dividend distributed to shareholders for the year 2018 amounted to RMB 901,938,000, which represents 59.37% of the net profit attributable to ordinary shareholders of RMB 1,519,256,000[181]. - The total cash dividend for 2018, including other methods, is RMB 901,938,000, which accounts for 100% of the distributable profit of RMB 2,497,412,820.13[182]. - For every 10 shares, a cash dividend of RMB 2.00 (including tax) will be distributed to ordinary shareholders[182]. - The cash dividend payout ratio increased from 42.72% in 2017 to 59.37% in 2018[181]. - The company plans to allocate 10% of the net profit for 2018 to statutory reserves, amounting to RMB 20,000,000[182]. - The company has committed to distributing at least 80% of its profits as cash dividends during its mature development stage[182]. - The remaining undistributed profits will be carried forward to the next year[182]. Financial Performance - Net interest income decreased by 7.05% to RMB 4,464,029,000 compared to RMB 4,802,408,000 in 2017[13]. - Non-interest income increased significantly by 272.56% to RMB 2,907,924,000 from RMB 780,524,000 in 2017[13]. - Total operating income rose by 32.04% to RMB 7,371,953,000 from RMB 5,582,932,000 in 2017[13]. - Net profit increased by 7.34% to RMB 2,043,389,000 compared to RMB 1,903,607,000 in 2017[13]. - Total assets reached RMB 317,658,502,000, up from RMB 306,276,092,000 in 2017, reflecting a growth rate of 3.72%[13]. - The bank's basic earnings per share decreased to RMB 0.37 from RMB 0.47 in 2017[13]. - The bank's cash flow from operating activities showed a net outflow of RMB 20,854,480,000, an improvement of 18.68% compared to RMB 25,646,229,000 in 2017[13]. - In 2018, the company's total profit reached RMB 2.476 billion, an increase of RMB 106.25 million, or 4.48% compared to the previous year[34]. Risk Management - The company has detailed the main risks and corresponding mitigation measures in the report[3]. - The company emphasizes the importance of risk management and has outlined its strategies in the report[3]. - The bank's credit risk management has improved through daily supervision and evaluation of branches, particularly in high-risk areas[104]. - The bank has established a comprehensive credit system to standardize business processes, ensuring compliance and smooth operation of credit activities[159]. - The bank's liquidity risk management aims to ensure sufficient cash flow to meet payment obligations, with a continuous increase in deposits, maintaining a diverse range of types and maturities[161]. Strategic Focus - The bank's strategic plan for 2019-2021 emphasizes customer experience, financial technology, and risk management[21]. - The company aims to enhance retail business profitability through refined management and to promote steady growth in wholesale business[175]. - The strategic focus for 2019 includes leveraging financial technology and improving risk management capabilities[174]. - The company is committed to strengthening operational risk management through innovative technology and improved internal processes[171]. Shareholder Commitments - The company has ongoing commitments from major shareholders to not interfere with daily operations and to maintain capital support[184]. - The bank's management has a commitment to not transfer or manage their shares for 36 months post-listing[186]. - The shareholders' lock-up commitments will not terminate due to changes in their positions or resignation[186]. - The bank's internal employee shareholders must adhere to a 50% limit on total shares sold within 5 years after the lock-up[186]. Audit and Compliance - The financial statements for the year 2018 have been audited by KPMG and received unqualified opinions under both Chinese and international accounting standards[2]. - The board of directors and senior management have confirmed the accuracy and completeness of the annual report, assuming legal responsibility for its content[2]. - The company reported a total audit fee of RMB 6.078 million and non-audit fees of RMB 440,000 for the year ended December 31, 2018[193]. - The company has maintained compliance with major shareholder commitments regarding non-interference in daily operations and capital support[188]. Asset Quality - The non-performing loan ratio was reported at 1.68%, slightly improved from 1.69% in the previous year[14]. - The company maintained a stable credit asset quality, with the proportion of substandard loans increasing to 0.92% and the proportion of suspicious loans decreasing to 0.64%[100]. - The balance of loan impairment provisions at the end of the period was RMB 3.56 billion, an increase of RMB 1.01 billion or 39.70% compared to the previous year[111]. - The coverage ratio for loan provisions was 168.04%, an increase of 14.52 percentage points from the previous year[111]. Innovative Products and Services - The bank successfully launched its A-share IPO on January 16, 2019, becoming the second A+H listed city commercial bank in China[21]. - The bank introduced several innovative products, including "Science and Technology Loan" and "Trade Finance," enhancing its inclusive finance system[23]. - The bank's credit card was launched in September 2018, utilizing a new internet-based customer acquisition model[23]. - The bank's supply chain finance business issued loans totaling CNY 15.45 billion to nearly 1,500 distributors, with a year-end balance of CNY 4.63 billion, a year-on-year increase of 13.76%[142]. Customer Growth and Engagement - The number of retail customers grew to 4.0783 million, an increase of 501,500 or 14.02% year-on-year, with total assets held by retail customers reaching CNY 1,312.87 billion, up 21.64%[142]. - The bank processed 5,319 transactions in second-hand housing fund supervision, with a total amount of CNY 22.87 billion, contributing to a retail deposit increase of CNY 2.78 billion[140]. - The bank's wealth management clients with assets over CNY 2 million reached 7,062, a year-on-year increase of 26.20%, with total assets of CNY 31.258 billion, up 23.02%[144]. Technology and Digital Transformation - The bank focuses on enhancing financial technology capabilities and developing differentiated products[138]. - The bank completed 46 key projects in financial technology, enhancing its operational capabilities and supporting rapid business growth[156]. - The bank's self-service banking transactions reached 5.6204 million, with a total transaction amount of 19.584 billion RMB[153].