Financial Performance - Net interest income for 2023 was RMB 8,289.0 million, a decrease of 3.5% from RMB 8,593.6 million in 2022[15]. - Net fee and commission income increased to RMB 972.2 million, up 15.5% from RMB 841.7 million in 2022[15]. - Total operating income for 2023 was RMB 10,358.4 million, down 4.7% from RMB 10,869.9 million in 2022[15]. - Pre-tax profit decreased to RMB 855.1 million, a decline of 57.3% compared to RMB 2,001.5 million in 2022[15]. - Net profit for the year was RMB 745.4 million, down 55.7% from RMB 1,680.4 million in 2022[15]. - Earnings per share (EPS) for 2023 was RMB 0.15, a decrease of 71.4% from RMB 0.53 in 2022[15]. - The bank's total assets increased, with net assets per share at RMB 11.65, down from RMB 11.89 in 2022[15]. - The group achieved operating revenue of RMB 10.3584 billion and net profit of RMB 745 million, reflecting a stable growth in overall business management[23]. - The net interest income for the year was RMB 8.289 billion, accounting for 80.0% of total operating revenue[25]. - The pre-tax profit for the year was RMB 855.1 million, with a net profit of RMB 745.4 million after tax[24]. Asset and Liability Management - As of December 31, 2023, Bank of Jiujiang reported total assets exceeding RMB 500 billion, with a network of 279 branches[6]. - The bank's total assets grew to RMB 503,849.2 million in 2023, up from RMB 479,703.5 million in 2022, representing a growth of 5.4%[17]. - The bank's total liabilities increased to RMB 462,892.7 million in 2023 from RMB 443,287.3 million in 2022[17]. - The capital adequacy ratio decreased to 12.01% in 2023 from 12.62% in 2022[16]. - The liquidity coverage ratio improved significantly to 448.64% in 2023 from 267.97% in 2022[18]. - The bank's equity attributable to shareholders increased to RMB 40,156.5 million in 2023 from RMB 35,627.6 million in 2022[17]. - The total amount of cash and deposits with the central bank was RMB 33.30 billion, remaining stable compared to the previous year[74]. - The total amount of repurchase agreements increased to RMB 4.97 billion, a significant rise of RMB 3.27 billion or 192.3% from the previous year[80]. Loan and Credit Quality - The non-performing loan ratio increased to 2.09% in 2023 from 1.82% in 2022[17]. - The total amount of customer loans and advances reached RMB 293,410.2 million in 2023, an increase from RMB 271,535.2 million in 2022[17]. - The total amount of customer loans and advances amounted to RMB 301.62 billion, an increase of RMB 22.46 billion or 8.0% compared to the previous year[84]. - The total overdue loans amounted to RMB 6.375 billion, representing 2.1% of the total customer loans and advances[104]. - The provision for loan impairment losses increased to RMB 9.680 billion as of December 31, 2023, up from RMB 8.762 billion the previous year[107]. - The distribution of loans classified as normal was RMB 284.20 billion, accounting for 94.22% of total loans, while loans under special attention were 11.12 billion, representing 3.69%[86]. - The manufacturing sector accounted for 14.5% of total loans, while the wholesale and retail sector contributed 9.3%, and the real estate sector made up 8.1%[92]. Awards and Recognition - In 2023, the bank was awarded the title of "Outstanding Comprehensive Business Institution" by the Shanghai Bill Exchange[8]. - The bank received multiple awards in 2023, including the "Outstanding Investment Return Bank" and "Outstanding Wealth Management City Commercial Bank"[10]. - The bank was recognized for its contributions to social responsibility, receiving the "2022 Jiangxi Social Responsibility Enterprise" award[9]. - The bank's RFID smart insurance cabinet project won the "Scene Financial Innovation Excellent Case Award" in January 2024[13]. - The bank's industry finance practice was recognized with awards such as "Outstanding Industry Finance Bank" and "Tianxin Award for Integrated Innovation"[128]. - The bank's wealth management capabilities were acknowledged with multiple industry awards, including the "Golden Bull Award" from China Securities Journal[126]. Strategic Initiatives - The bank has optimized its shareholder structure by introducing strategic investors such as Industrial Bank and Beijing Automotive Group[6]. - The bank is committed to enhancing financial services and management quality, with ongoing financial reform and international cooperation[22]. - The bank's strategic theme for 2024 is to firmly advance transformation and enhance strategic execution capabilities[139]. - The bank is focused on enhancing credit management by implementing early identification and early warning mechanisms for risks[146]. - The bank's strategic risk level is stable and manageable, with effective risk management practices in place[167]. Human Resources - The bank employs 5,429 full-time staff, with an average age of 29.97 years, and 87.24% holding undergraduate or associate degrees[6]. - Employee compensation expenses amounted to RMB 1.93 billion, an increase of RMB 106.5 million, or 5.9% year-on-year, due to a rise in employee numbers[51]. Shareholder Structure - The total issued share capital of the bank is 2,847,367,200 shares, including 2,365,000,000 domestic shares and 482,367,200 H shares[168]. - The top ten shareholders of the company held a total of 1,632,987,590 shares, representing approximately 57.35% of the total issued share capital as of December 31, 2023[171]. - The largest shareholder, Jiujiang Finance Bureau, directly held 366,020,000 shares, accounting for 12.85% of the total issued share capital[171]. - The bank has established related transactions with several major shareholders, including Jiangxi State-owned Assets Management Company and Fangda Carbon New Material Technology Co., Ltd.[188].
九江银行(06190) - 2023 - 年度业绩