Financial Performance - Bank of Zhengzhou Co., Ltd. reported its audited consolidated annual results for the year ended December 31, 2023[1]. - Operating revenue for 2023 was RMB 13,699,410 thousand, a decrease of 10.03% compared to RMB 15,225,843 thousand in 2022[24]. - Total profit for 2023 was RMB 1,739,636 thousand, down 38.03% from RMB 2,807,230 thousand in 2022[24]. - Net profit attributable to shareholders for 2023 was RMB 1,850,117 thousand, a decline of 23.62% from RMB 2,422,304 thousand in 2022[24]. - Operating income for Q4 2023 was 3,234,752 thousand RMB, down from 3,561,061 thousand RMB in Q3 2023[32]. - The company achieved operating revenue of RMB 13.70 billion, a year-on-year decrease of 10.03%[54]. - Net profit for the period was RMB 1.86 billion, down 28.48% compared to the previous year[54]. - The net interest income was RMB 11.74 billion, representing a decline of 4.20% year-on-year[58]. - Non-interest income decreased significantly by 34.06%, amounting to RMB 1.96 billion[55]. - The company reported a pre-tax profit of RMB 1.74 billion, a decrease of 38.03% from the previous year[55]. Assets and Liabilities - Total assets at the end of 2023 reached RMB 630,709,429 thousand, an increase of 6.63% from RMB 591,513,618 thousand at the end of 2022[24]. - Total liabilities at the end of 2023 were RMB 576,394,573 thousand, up 6.96% from RMB 538,888,382 thousand at the end of 2022[24]. - The total amount of loans and advances issued (excluding accrued interest) was RMB 360,608,206 thousand, an increase of 8.97% from RMB 330,921,097 thousand in 2022[24]. - The total amount of deposits absorbed by Zhengzhou Bank was RMB 360.961 billion, growing by 6.89% year-on-year[41]. - The total amount of personal loans was RMB 84.15 billion, with an NPL ratio of 1.72%[131]. Risk Management - The company has not identified any major risks that could adversely affect its future development strategy and operational goals[7]. - The report includes a detailed description of the main risks faced by the company and the measures taken to address them[7]. - The company aims to strengthen its risk management systems and enhance digital risk control capabilities[15]. - The non-performing loan ratio slightly improved to 1.87% in 2023 from 1.88% in 2022, a decrease of 0.01 percentage points[25]. - The provision coverage ratio increased to 174.87% in 2023, up from 165.73% in 2022, an increase of 9.14 percentage points[25]. Corporate Governance and Compliance - The board of directors confirmed that the financial data is accurate and complete, with no significant omissions or misleading statements[7]. - The company plans to continue optimizing corporate governance and enhance operational management levels as a solid backing for sustainable development[15]. - The company is actively enhancing its compliance management and internal control systems to ensure stable operations[49]. - The company emphasizes strengthening risk management and compliance to ensure stable development of its subsidiaries[174]. Strategic Initiatives - The company is committed to high-quality development and aims to contribute to the modernization of Zhengzhou as a national central city[18]. - The company has initiated strategic planning adjustments to adapt to changing market conditions and maintain a focus on high-quality development[15]. - The company launched various innovative financial products, including "Technology Talent Loan" and "Intellectual Property Pledge Loan," to support the full lifecycle of technological innovation[16]. - The company is actively involved in rural revitalization efforts, including the establishment of rural financial service points and the launch of a mobile banking app tailored for rural areas[18]. - The company emphasizes the importance of serving the real economy and has implemented measures to alleviate financial burdens on enterprises[16]. Capital and Investments - The capital adequacy ratio decreased to 12.38% from 12.72% year-over-year, indicating a decline in capital strength[181]. - Core Tier 1 capital increased to CNY 40,526,517 thousand as of December 31, 2023, compared to CNY 40,383,351 thousand a year earlier, reflecting a slight growth of 0.35%[181]. - The company’s bond investments included RMB 65.74 billion in government bonds, representing 35.00% of total bond investments, up from 30.94% in the previous year[108]. - The company issued bonds totaling RMB 102.07 billion, which accounted for 17.71% of total liabilities, an increase from 17.63% in 2022[115]. Customer and Market Engagement - The bank's credit card business generated operating income of RMB 170 million, with transaction amounts reaching RMB 19.805 billion, reflecting a growth of 28.48% year-on-year[200]. - The bank's cumulative issuance of rural revitalization cards reached 171,800, with an increase of 83,000 cards compared to the end of the previous year[196]. - The bank actively promoted online supply chain services, providing financing services to over 1,000 core enterprise suppliers, with over 90% being small and micro enterprises[191]. - The bank facilitated 94 matching transactions, amounting to RMB 19.045 billion, enhancing core customer relationships[194].
郑州银行(06196) - 2023 - 年度业绩