Financial Performance - The Bank of Zhengzhou reported its audited consolidated annual results for the year ended December 31, 2022[1]. - Operating income for 2022 was RMB 15,225,843 thousand, an increase of 2.80% compared to RMB 14,810,905 thousand in 2021[20]. - Total profit decreased by 29.61% to RMB 2,807,230 thousand from RMB 3,988,138 thousand in the previous year[20]. - Net profit attributable to shareholders was RMB 2,422,304 thousand, down 24.92% from RMB 3,226,192 thousand in 2021[20]. - The bank's net profit was RMB 2.6 billion, a decrease of 23.48% compared to the previous year[34]. - The net interest income was RMB 12.25 billion, reflecting a growth of 2.55% year-on-year[46]. - The net profit attributable to shareholders was negative at (981,141) thousand RMB in Q4 2022, compared to a profit of 872,379 thousand RMB in Q3 2022[26]. - The total operating income for Q4 2022 was 3,402,986 thousand RMB, a decrease from 4,258,469 thousand RMB in Q3 2022[26]. Risk Management - The bank did not identify any significant risks that would adversely affect its future development strategy and operational goals during the reporting period[6]. - The report includes a detailed description of the main risks faced by the bank and the measures taken to address them[6]. - The bank's commitment to high-quality development is aligned with the national strategy for economic stability and growth[15]. - The bank's focus on high-quality development and risk management has led to an overall controllable loan quality[81]. - The bank has established a comprehensive credit risk management framework covering the entire credit business process[145]. - The bank's operational risk management framework aims to minimize losses from internal processes and external events[147]. - The bank's liquidity risk management focuses on maintaining sufficient funding positions to meet obligations and business needs[148]. Capital and Shareholder Information - The board proposed a capital reserve distribution plan, offering 1 additional share for every 10 shares held, with no cash dividends or bonus shares[6]. - The total number of issued shares is 8,265,537,599, including 1,836,780,000 H-shares and 6,428,757,599 A-shares[168]. - The bank's total number of limited shares at the end of the reporting period was 344,097,605, representing 4.16% of total shares[167]. - The top 10 ordinary shareholders held a total of 3,746,000,000 shares, with the largest shareholder, Hong Kong Central Clearing (Agent), holding 1,836,588,724 H-shares, representing 22.22% of total shares[177]. - Zhengzhou Finance Bureau, a state-owned entity, held 597,496,646 A-shares, accounting for 7.23% of total shares, with 84,799,000 shares pledged[177]. Loans and Advances - In 2022, Zhengzhou Bank provided loan extensions for 4,500 small and micro enterprises, totaling RMB 3.18 billion to support economic recovery[11]. - The total amount of loans and advances issued was RMB 330.921 billion, up 14.49% year-on-year[34]. - The bank supported 2,640 innovation-driven enterprises with loans amounting to RMB 24.1 billion during the reporting period[14]. - The total amount of personal loans was RMB 81,316,327 thousand, with an NPL of RMB 2,020,870 thousand, resulting in an NPL ratio of 2.49%[85]. - The overdue loans amounted to RMB 9,839,206 thousand, representing 2.97% of the total loans, an increase of RMB 1,489,000 thousand or 17.83% from the previous year[88]. Economic and Market Context - In 2022, the national GDP reached RMB 121,020.7 billion, growing by 3.0% year-on-year, with the primary, secondary, and tertiary industries increasing by 4.1%, 3.8%, and 2.3% respectively[27]. - The total retail sales of consumer goods in 2022 amounted to RMB 43,973.3 billion, a slight decline of 0.2% compared to the previous year, indicating a significant impact from economic downturns[27]. - The total import and export value in 2022 reached RMB 42,067.8 billion, growing by 7.7% year-on-year, with general trade imports and exports increasing by 11.5%[27]. - The average disposable income per capita in China in 2022 was RMB 36,883, showing a nominal increase of 5.0% year-on-year, with real growth of 2.9% after adjusting for price factors[27]. Digital Transformation and Innovation - The bank's digital transformation strategy was emphasized as a key focus for future development[14]. - The company focuses on becoming a "financial service expert for small and medium-sized enterprises," emphasizing digitalization, online services, and intelligent development[39]. - The bank launched over 10 specialized financial products, including talent loans and R&D loans, to support innovation-driven enterprises[14]. - The bank's mobile banking platform signed up 2.7367 million customers, a 12% year-on-year growth, with transaction amounts reaching RMB 283.8 billion, up 33%[142]. Corporate Governance and Compliance - The annual report was approved by the board of directors at the eighth meeting of the seventh board on March 30, 2023[5]. - The company emphasizes compliance and risk management, implementing a three-line defense system to enhance operational stability[41]. - The bank has established a comprehensive anti-money laundering governance structure, having developed 11 specialized anti-money laundering regulations[152]. - The bank has improved its business continuity management capabilities, enhancing its response to emergencies and refining internal control systems[150].
郑州银行(06196) - 2022 - 年度业绩