ZJB(SH:601860)2024-04-25 12:25Financial Performance - As of the end of 2023, the total assets of the company reached 247.664 billion yuan, an increase of 22.942 billion yuan, representing a growth of 10.21% compared to the beginning of the year[7] - Operating profit and net profit were 1.992 billion yuan and 1.619 billion yuan, respectively, with growth rates of 2.55% and 1.16%[7] - Operating revenue for 2023 was CNY 4,419,752, a decrease of 1.93% compared to CNY 4,506,757 in 2022[20] - Net profit for 2023 reached CNY 1,618,684, reflecting a slight increase of 1.16% from CNY 1,600,177 in 2022[20] - The net cash flow from operating activities decreased by 10.89% to CNY 5,841,913 from CNY 6,555,690 in 2022[20] - Basic earnings per share remained stable at CNY 0.44, unchanged from 2022[20] - The average return on total assets for shareholders decreased to 0.69%, down 0.05 percentage points from 0.74% in 2022[20] - The weighted average return on equity for shareholders decreased to 9.10%, down 0.54 percentage points from 9.64% in 2022[20] Loan and Deposit Growth - The deposit balance was 196.774 billion yuan, up by 20.862 billion yuan, with a growth rate of 11.86%[7] - The loan balance stood at 177.222 billion yuan, increasing by 16.926 billion yuan, reflecting a growth of 10.56%[7] - The company achieved a loan balance of 109.2 billion yuan for agricultural and small micro loans, which accounted for 90% of the annual loan increment, with an increase of 15.3 billion yuan[8] - The balance of inclusive micro-enterprise loans was RMB 32.58 billion, with a growth rate of 14.75%, exceeding the average growth rate of all loans[141] - The company's agricultural and small micro-loan balance reached RMB 109.25 billion, an increase of RMB 15.31 billion from the beginning of the year, accounting for 61.59%, up 3.03 percentage points[153] Risk Management and Asset Quality - The non-performing loan ratio was 1.16%, a decrease of 0.04 percentage points from the beginning of the year, while the provision coverage ratio improved to 247.25%, up by 0.59 percentage points[7] - The non-performing loan ratio improved to 1.16%, a decrease of 0.04 percentage points from the beginning of the year, marking the best performance in recent years[83] - Provision coverage ratio increased to 247.25%, up by 0.59 percentage points since the beginning of the year[47] - Non-performing loans increased by 6.52% to RMB 2,053,603,000, while loan loss provisions grew by 6.78% to RMB 5,077,631,000[96] Strategic Initiatives and Innovations - The company launched several innovative financial products, including "Jinling Huinong Small Loan" and "Huinong Fast Loan," to support rural revitalization[16] - The company aims to enhance its core competitiveness and achieve high-quality development through a strategic focus on product and service innovation[30] - The company is focusing on digital transformation and enhancing financial services through technology, aiming for sustainable development[41] - The company has implemented a high-quality development three-year action plan (2023-2025) to enhance strategic management effectiveness[138] - The company has established a green finance center to manage and promote green finance business across the organization[147] Community Engagement and Social Responsibility - The company established a rural revitalization charity fund, donating CNY 1.5 million for poverty alleviation projects and related activities[81] - The company conducted 354 financial knowledge promotion activities during the reporting period, reaching 130,000 customers[135] - The company has conducted 983 village outreach activities, engaging nearly 30,000 participants from rural households and new agricultural operators[199] - The company has supported 24 major agricultural projects with a loan disbursement of CNY 486 million, contributing to the development of the agricultural sector[198] Governance and Management - The company’s governance structure was enhanced, with 5 board meetings held, reviewing 53 proposals[170] - The company’s management team consists of experienced professionals with backgrounds in finance and banking, contributing to strategic decision-making[179] - The total pre-tax remuneration for the chairman Zhao Yuankuan is CNY 1.4747 million, while the vice chairman Zhu Ming received CNY 1.4311 million[174] Employee Development - The total number of employees was 2,405, with 400 holding a master's degree or above[160] - The company conducted a total of 103 training sessions during the reporting period, achieving a 100% employee coverage rate[168]