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贵阳银行(601997) - 2023 Q4 - 年度财报

Financial Performance - The total operating income for 2023 was RMB 15,096,125, a decrease of 3.50% compared to RMB 15,642,966 in 2022[14]. - The operating profit for 2023 was RMB 5,956,075, down 12.53% from RMB 6,809,066 in the previous year[14]. - The total profit for 2023 was RMB 5,986,033, reflecting an 11.90% decrease from RMB 6,794,812 in 2022[14]. - The net profit attributable to shareholders of the parent company was RMB 5,561,921, an 8.92% decline from RMB 6,106,642 in 2022[14]. - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was RMB 5,453,130, a decrease of 9.65% compared to RMB 6,035,277 in the previous year[14]. - Basic earnings per share attributable to ordinary shareholders of the parent company decreased by 9.38% to 1.45 RMB, down from 1.60 RMB[15]. - The company reported a net profit attributable to shareholders of RMB 5,561.92 million, down 8.92% year-on-year[102]. - Operating expenses increased to RMB 9,140.05 million, an increase of RMB 306.15 million or 3.45% year-on-year[104]. - The company increased its credit impairment losses, totaling RMB 4,897.64 million, up from RMB 4,284.97 million in the previous year[104]. Dividends and Shareholder Returns - The board proposed a cash dividend of RMB 2.90 per 10 shares, totaling RMB 1,060,297,442.04 to be distributed to shareholders[2]. - The company plans to issue dividends for preferred shares on November 22, 2023, reflecting ongoing shareholder returns[16]. Risk Management - The company has faced various risks including credit risk, liquidity risk, and market risk, and has implemented measures to manage these risks effectively[3]. - The bank's risk management strategy has shifted towards proactive prevention, with regular monitoring and compliance checks in place[63]. - The bank has implemented a comprehensive risk management framework, focusing on operational, compliance, and information technology risks, ensuring overall risk is manageable[156]. - Credit risk management strategies have been continuously improved, with a steady growth in credit assets and stable asset quality, reflecting a proactive approach to credit risk prevention and governance[148]. - The bank has established a liquidity risk management framework, ensuring the ability to maintain a minimum survival period of 30 days under stress scenarios, with all liquidity regulatory indicators meeting or exceeding requirements[150]. Asset and Loan Management - The total amount of loans and advances increased by 13.58% to 324.04 billion RMB, compared to 285.29 billion RMB in the previous year[15]. - The non-performing loan ratio rose to 1.59%, an increase of 0.14 percentage points from 1.45% in the previous year[15]. - The total loan amount reached CNY 324.04 billion, with a non-performing loan (NPL) balance of CNY 5.165 billion, resulting in a NPL ratio of 1.59%, an increase of 0.14 percentage points from the beginning of the year[124]. - The bank's corporate loans in the real estate sector amounted to CNY 37.09 billion, representing 11.45% of total loans, reflecting support for housing rental and urban renewal initiatives[90]. - The bank's mortgage loans constituted 29.51% of the total loan balance as of December 31, 2023[94]. Capital Adequacy and Financial Stability - The capital adequacy ratio improved to 15.03%, up by 0.87 percentage points from 14.16%[15]. - The core Tier 1 capital adequacy ratio is 11.84%, up from 11.68% year-on-year[21]. - The total capital adequacy ratio increased to 15.03%, compared to 14.16% in the previous year, demonstrating enhanced financial stability[161]. - The bank's tier 1 capital adequacy ratio improved to 12.90%, up from 12.02% year-on-year, indicating a stronger capital position[161]. Digital Transformation and Innovation - The company aims to enhance its digital transformation and risk management strategies to support sustainable growth[29]. - The bank is committed to digital transformation, enhancing its organizational structure and operational models to support business innovation[31]. - The bank's digital transformation efforts include the launch of several online financial products such as "Shuangxin Tong" and "Cheng e Loan PLUS," aimed at enhancing customer financial service satisfaction[72]. - The bank invested CNY 314.20 million in information technology, accounting for 2.08% of operating revenue, with CNY 29.99 million allocated for innovative research and applications, representing 9.54% of total tech investment[70]. Governance and Management - The bank's governance structure is based on a modern framework that emphasizes party leadership and effective decision-making, continuously improving governance capabilities[78]. - The company is focused on capital management planning and shareholder return planning as part of its strategic initiatives[182]. - The company has a strong emphasis on compliance with regulatory requirements, as seen in the pending approvals for new executive appointments[188]. - The bank's governance practices align with the regulations set by the China Securities Regulatory Commission, ensuring no significant discrepancies[174]. Market Position and Growth Strategy - The bank aims to enhance its financial services in key areas such as technology finance, green finance, and inclusive finance, focusing on improving credit structure and efficiency[168]. - The bank's strategic plan for 2021-2025 includes a commitment to high-quality development and risk management, with a goal to become a leading commercial bank in the western region of China[169]. - The bank is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[194]. - The bank plans to expand its market presence by opening 30 new branches in 2024, aiming for a 25% increase in customer base[194].