青农商行(002958) - 2021 Q4 - 年度财报

Financial Performance - Operating revenue was RMB 10.297 billion, reflecting a growth of 7.58% year-on-year[22]. - Net profit attributable to shareholders was RMB 3.066 billion, representing a year-on-year increase of 3.58%[22]. - In 2021, the total operating income reached 10.297 billion CNY, a year-on-year increase of 7.58%[30]. - The net profit attributable to shareholders was 3.066 billion CNY, reflecting a year-on-year growth of 3.58%[30]. - The total profit for 2021 reached CNY 3,313,443, reflecting a growth of 6.59% from CNY 3,108,546 in the previous year[50]. - Net profit for 2021 was CNY 3,092,067, up 3.85% from CNY 2,977,367 in 2020[50]. - The company's total profit for 2021 was CNY 3,313,443, up CNY 204,897 or 6.59% from the previous year[86]. - Net profit reached CNY 3,092,067, an increase of CNY 114,700 or 3.85% year-over-year[86]. Asset and Liability Management - Total assets reached RMB 430.44 billion, an increase of 5.81% compared to the beginning of the year[22]. - The bank's total assets increased by 5.81% to CNY 430,438,090 at the end of 2021, compared to CNY 406,811,073 at the end of 2020[50]. - The bank's total liabilities increased by 4.85% to CNY 395,388,008 in 2021 from CNY 377,108,681 in 2020[50]. - As of December 31, 2021, the total liabilities of the company amounted to 395.39 billion yuan, an increase of 4.85% compared to the previous year[166]. Loan and Deposit Growth - Total deposits amounted to RMB 268.82 billion, growing by 7.23% year-on-year[22]. - Personal deposits grew by 15.86% over the year[30]. - The company's total customer deposits reached 268.82 billion yuan, a growth from 250.69 billion yuan in 2020[170]. - The total amount of loans and advances increased by CNY 14.71 billion, representing a growth rate of 6.75% compared to the previous year[122]. Risk Management - The non-performing loan ratio stood at 1.74%[22]. - A comprehensive risk management system was established to enhance credit risk, liquidity risk, and market risk control[24]. - The bank aims to enhance risk management and compliance through a comprehensive reform of its organizational structure and business processes[34]. - The bank's non-performing loan (NPL) balance was CNY 4.04 billion, resulting in a non-performing loan ratio of 1.74%, an increase of 0.30 percentage points from the previous year[133]. - The bank's provisions for loan impairment increased to CNY 3,736,646 thousand in 2021, up from CNY 3,203,698 thousand in 2020[149]. International Business - International business settlement volume was USD 20.83 billion, a year-on-year increase of 19.35%[22]. - The international settlement volume reached 20.831 billion USD, an increase of 19.35%[31]. - In 2021, the bank's international settlement volume exceeded $20 billion, representing a year-on-year growth of 19.35%[79]. Digital Transformation - The bank established 8 digital transformation "tribes" and completed 71 key digital transformation projects[31]. - The bank has introduced a digital transformation strategy, completing 71 key projects in 2021 to enhance operational efficiency[79]. Green Finance Initiatives - The bank joined the United Nations' "Principles for Responsible Banking" to promote green finance initiatives[23]. - The bank joined the United Nations' "Principles for Responsible Banking" and initiated a green finance special action[30]. - The bank's green loan balance reached 5.655 billion yuan, with an increase of 82.54% year-on-year, supporting carbon neutrality goals[79]. Customer Service and Market Expansion - The bank aims to strengthen its service to small and micro enterprises and rural areas, aligning with national economic development policies[66]. - The bank has expanded its branch network to 358, including branches in Yantai and Jinan, enhancing its market presence[69]. - The bank has established a unique urban-rural financial service model, with the largest number of branches in Qingdao, providing convenient financial services to residents[73]. Financial Ratios and Performance Metrics - The return on average equity (ROE) was 10.63%, down from 11.58% in 2020, indicating a decline of 0.95 percentage points[50]. - The liquidity ratio improved to 89.95%, significantly higher than the regulatory minimum of 25%[62]. - The bank's total assets return rate decreased to 0.74%, down from 0.80% in 2020[62]. - The bank's diluted earnings per share decreased by 5.88% to CNY 0.48 in 2021 from CNY 0.51 in 2020[50]. Income Sources - Net interest income decreased to CNY 8,048,242, a decline of CNY 37,212 or 0.46% year-over-year, primarily due to a reduction in the average yield of interest-earning assets[86]. - Non-interest income surged to CNY 2,248,516, reflecting a significant increase of CNY 762,444 or 51.31% compared to 2020[86]. - The non-interest income from fees and commissions increased by 62.66% to CNY 0.492 billion in 2021, reflecting a focus on intermediary business growth[104].