Financial Performance - The bank achieved an operating income of RMB 11.297 billion and a net profit of RMB 1.074 billion for the year ended December 31, 2023[9]. - Net interest income for 2023 was RMB 8,771.37 million, a decrease of 8.86% compared to RMB 9,624.33 million in 2022[19]. - Total operating income decreased by 11.15% to RMB 11,296.64 million in 2023 from RMB 12,714.04 million in 2022[19]. - The net profit attributable to shareholders for 2023 was RMB 1,036.19 million, down 33.13% from RMB 1,549.55 million in 2022[19]. - The average return on total assets decreased to 0.20% in 2023 from 0.31% in 2022[19]. - The company reported a pre-tax profit of RMB 1,010.35 million, compared to a loss of RMB 1,680.96 million in the previous year[177]. - The total operating income for the year was RMB 11,296.64 million, a decline from RMB 12,714.04 million in 2022[177]. Asset and Loan Growth - As of December 31, 2023, Jiangxi Bank's total assets reached RMB 552.345 billion, with total deposits of RMB 381.212 billion and total loans and advances of RMB 336.890 billion[9]. - Total assets increased by 7.13% to RMB 552,345.38 million in 2023 from RMB 515,572.66 million in 2022[21]. - The total amount of loans and advances issued by Jiangxi Bank was RMB 336.890 billion, reflecting an 8.16% growth year-on-year[40]. - The total deposits absorbed by Jiangxi Bank amounted to RMB 381.212 billion, marking an 8.08% increase from the previous year[40]. - The average balance of loans and advances was RMB 326.982 billion, with an average yield of 4.48%, compared to RMB 296.364 billion and 4.81% in 2022[73]. - The total amount of corporate loans and advances issued by the group reached RMB 219.9 billion, an increase of 16.16% compared to the end of the previous year[182]. Risk Management and Asset Quality - The non-performing loan ratio slightly improved to 2.17% in 2023 from 2.18% in 2022[21]. - The bank's focus on risk management led to a stable overall asset quality, with enhanced control over credit risk and improved post-loan management strategies[45]. - The group’s non-performing loans totaled RMB 7.30 billion, with a non-performing loan ratio of 2.17%, indicating a stable loan quality[142]. - The overdue loans totaled RMB 12.27 billion, representing 3.64% of total loans, a decrease of 1.12 percentage points compared to the previous year[156]. - The group implemented measures to enhance the management of non-performing assets, including optimizing the collection management structure and innovating disposal methods[158]. Digital Transformation and Innovation - Jiangxi Bank emphasizes digital transformation and aims to provide high-quality financial services to various customer segments, including urban and rural residents and small and medium-sized enterprises[9]. - The bank implemented a digital transformation strategy, establishing a large technology organizational structure to enhance digital infrastructure[30]. - The bank's digital transformation initiatives included the integration of online marketing platforms, resulting in a unified customer resource approach and improved service efficiency[46]. - The bank's commitment to digital infrastructure included the implementation of AI and biometric technologies, providing over 300,000 intelligent identification services monthly[46]. Customer and Market Development - The number of corporate clients increased by 16.23%, achieving the best historical growth level, while the number of micro and small enterprise loan clients grew by 24.38%[42]. - Customer acquisition reached a historical high, with significant growth in corporate and individual clients[57]. - The bank's retail financial services saw a 4.52% increase in total personal customers, with a 7.64 percentage point rise in the fund retention rate for payroll clients[42]. - The market share of RMB corporate deposits in Jiangxi Province was 8.81%, ranking fourth among 27 major financial institutions[179]. Financial Investments and Interest Income - The company achieved interest income of RMB 19.886 billion in 2023, a decrease of RMB 1.104 billion or 5.26% compared to 2022, primarily due to declining yields from loans and financial investments[71]. - Financial investment interest income fell to RMB 4.278 billion, a decrease of RMB 1.568 billion or 26.81%, influenced by lower market interest rates and a strategic shift towards low-risk, high-liquidity assets[75]. - The group's financial investment balance was RMB 163.7736 billion, an increase of RMB 6.676 billion or 4.25% compared to the previous year[118]. Employee and Operational Efficiency - The bank has a workforce of 5,143 employees and has established branches in Guangzhou and Suzhou, covering all prefecture-level cities in Jiangxi Province[9]. - Operating expenses totaled RMB 3.631 billion, a slight decrease of RMB 13 million or 0.36%, reflecting ongoing cost control measures[97]. - Employee costs remained stable at RMB 2.106 billion, with a marginal increase of RMB 0.17 million or 0.01% compared to the previous year[102]. Strategic Initiatives and Future Outlook - Jiangxi Bank aims to maximize value for stakeholders while contributing to the modernization of Jiangxi through high-quality financial services[10]. - The bank aims to create more value for customers and investors by exploring specialized operations and promoting high-quality development in 2024[49]. - The bank plans to continue reallocating resources from financial market activities to support real economy sectors[176].
江西银行(01916) - 2023 - 年度业绩