Financial Performance - 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 the previous year[24]. - Net profit attributable to shareholders for 2023 was RMB 1,850,117 thousand, representing a decline of 23.62% from RMB 2,422,304 thousand in 2022[24]. - Net cash flow from operating activities for 2023 was RMB 1,648,102 thousand, a significant improvement from a negative cash flow of RMB 31,350,017 thousand in 2022[24]. - 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 in 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]. - Basic earnings per share for 2023 were RMB 0.15, a decrease of 6.25% from RMB 0.16 in 2022[24]. - The total equity attributable to shareholders at the end of 2023 was RMB 52,452,824 thousand, a 3.31% increase from RMB 50,772,566 thousand in 2022[24]. Risk Management - The company did not identify any significant risks that would adversely affect its future development strategy and operational goals during the reporting period[7]. - The report includes a detailed description of the main risks faced by the company and the measures taken to address them, found in the "Management Discussion and Analysis" section[7]. - The company is enhancing its digital risk control capabilities and optimizing corporate governance to improve operational management[15]. - The company emphasizes the importance of party leadership in financial work to ensure effective governance and operational efficiency[15]. - The company is committed to enhancing compliance management and risk control, aiming for stable and healthy business development[49]. Strategic Initiatives - The company is committed to high-quality development strategies, focusing on stability and progress, and aims to contribute to the modernization of Zhengzhou as a national central city[18]. - The company is actively participating in the "Rural Revitalization" initiative by establishing rural financial service points and promoting financial literacy in rural areas[18]. - The company is focusing on the integration of financial resources into key social development areas and addressing societal challenges through various initiatives[16]. - The company aims to strengthen the integration of talent, technology, capital, and industry chains to enhance its operational mechanisms[16]. - The company implemented a differentiated interest rate pricing mechanism to support local industries, reducing project fees and promoting interest-free renewals[16]. Subsidiaries and Investments - The company operates several subsidiaries, including Henan Jiuding Financial Leasing Co., Ltd., and various village banks[7]. - The bank's subsidiary, Jiuding Financial Leasing Company, reported total assets of RMB 35,010,000,000 and net profit of RMB 350,000,000 for the reporting period[161]. - The bank's investment in Zhongmou Zhengyin Village Bank increased its shareholding from 18.53% to 49.51% after acquiring shares from 78 shareholders[158]. - The company holds 49.51% of Zhongmu Zhengyin Village Bank and 49.58% of Yanling Zhengyin Village Bank, focusing on supporting agriculture and small enterprises[170]. Loan and Deposit Activities - A total of 16,579 microfinance loans were granted interest reductions amounting to RMB 23.34 million during the year[18]. - The bank's total deposits amounted to RMB 360.961 billion, growing by 6.89% year-on-year[41]. - Loans and advances totaled RMB 360.608 billion, reflecting an 8.97% increase from the previous year[41]. - Personal deposits reached RMB 168.643 billion, an increase of 19.55% year-on-year, while personal loans grew to RMB 84.147 billion, up 3.48%[196]. - The bank provided supply chain financial services with a loan balance of RMB 22.668 billion to core enterprises and their upstream and downstream customers by the end of the reporting period[191]. Financial Ratios and Metrics - Core Tier 1 capital adequacy ratio decreased to 8.90% in 2023 from 9.29% in 2022, a decline of 0.39 percentage points[25]. - Non-performing loan ratio slightly improved to 1.87% in 2023 from 1.88% in 2022, a decrease of 0.01 percentage points[25]. - Provision coverage ratio increased to 174.87% in 2023 from 165.73% in 2022, an increase of 9.14 percentage points[25]. - Weighted average return on equity decreased to 3.29% in 2023 from 3.53% in 2022, a decline of 0.24 percentage points[25]. - Total assets return decreased to 0.30% in 2023 from 0.45% in 2022, a decline of 0.15 percentage points[25]. Compliance and Governance - The company emphasizes strengthening risk management and compliance to ensure stable development of its subsidiaries[174]. - The capital management goals include meeting regulatory requirements and ensuring capital levels align with risk management[175]. - The company conducts regular stress tests to assess capital adequacy under adverse conditions[178]. - The capital adequacy ratio is calculated based on the regulations set by the former China Banking and Insurance Regulatory Commission[180]. Awards and Recognition - The company has been recognized with multiple awards in 2023, including the "Best Social Responsibility Bank" by the Financial Times[52].
郑州银行(06196) - 2023 - 年度财报