BANK OF SUZHOU(SZ:002966)2022-03-28 16:00Financial Performance - Group revenue amounted to RMB 108.29 billion, with a net profit attributable to shareholders of RMB 31.07 billion, representing a year-on-year growth of 20.79%[16]. - The bank's net profit increased by 20.62% year-on-year to RMB 3.29 billion, while the net profit attributable to shareholders rose by 20.79% to RMB 3.11 billion[34]. - The net profit attributable to shareholders for 2021 was CNY 3,206,989, an increase of 20.78% compared to CNY 2,653,468 in 2020[35]. - The group achieved operating income of RMB 10.83 billion, an increase of RMB 465 million, with a growth rate of 4.49% year-on-year[65]. - The net profit for the period was RMB 3.29 billion, an increase of RMB 562 million, representing a growth of 20.62% compared to the previous year[65]. - The basic earnings per share were RMB 0.93, an increase of RMB 0.16, reflecting a growth of 20.78% compared to the previous year[65]. - The weighted average return on equity was 9.96%, an increase of 100 basis points year-on-year[65]. Asset and Liability Management - Total assets reached RMB 4530.29 billion, an increase of 16.74% compared to the beginning of the year[16]. - Total liabilities were RMB 418.740 billion, an increase of RMB 61.903 billion, or 17.35%[134]. - Customer deposits accounted for 66.47% of total liabilities, amounting to RMB 278.343 billion, an increase of RMB 28.234 billion, or 11.29%[135]. - The total equity of the bank reached RMB 34.29 billion, an increase of RMB 3.06 billion or 9.79% compared to the previous year[145]. Loan and Deposit Growth - Loan and deposit scales were RMB 2037.52 billion and RMB 2783.43 billion, with year-on-year growth of 12.55% and 11.29% respectively[16]. - The balance of loans to real enterprises grew by 19.04%, and inclusive small and micro loans increased by 23.71%, indicating a continuous optimization of the business structure[22]. - The total loan balance as of December 31, 2021, was CNY 213.28 billion, an increase of CNY 25.16 billion from the previous year[160]. - The personal deposit principal reached RMB 115.30 billion, up by RMB 15.72 billion or 15.79% year-on-year, driven by enhanced marketing efforts targeting retail customers[138]. Non-Performing Loans and Asset Quality - Non-performing loan ratio decreased to 1.11%, while the provision coverage ratio increased to 422.91%[16]. - The bank's non-performing loan ratio and balance both decreased, while the provision coverage ratio and provision-to-loan ratio both increased, indicating improved asset quality[25]. - The non-performing loan (NPL) ratio improved to 1.11%, down from 1.38% in 2020[46]. - The non-performing loan balance decreased to CNY 2.37 billion, with a non-performing loan ratio of 1.11%, down 0.27 percentage points year-on-year[160]. Capital and Funding - Issued RMB 50 billion in convertible bonds and received approval for RMB 60 billion in perpetual bonds to strengthen capital[17]. - The capital adequacy ratio stood at 13.06%, down from 14.21% in the previous year[46]. - The core tier 1 capital adequacy ratio was 10.37%, a decrease from 11.26% in the previous year[49]. Digital Transformation and Innovation - Supported over 6500 technology innovation enterprises with credit exceeding RMB 240 billion, enhancing digital transformation efforts[18]. - Financial technology investment exceeded 3% of operating income, leading the industry in technological advancement[18]. - Launched the "Su-Pay" mobile payment product for foreign nationals, marking a significant innovation in digital finance[18]. - The bank launched 25 digital transformation projects, focusing on account management, remote banking, data management, and intelligent risk control[24]. Social Responsibility and Community Engagement - Committed nearly RMB 20 million to charitable donations and sponsorships, integrating ESG responsibilities into social management[19]. - Issued over 2.1 million social security cards, achieving a market share of over 65% in Suzhou[19]. Financial Investments - Financial investments amounted to RMB 168.891 billion, up RMB 25.726 billion, or 17.97% from the previous year[117]. - Interest income from financial investments was 4.766 billion RMB, an increase of 656 million RMB, or 15.96%, due to the growth in investment scale[83].