Financial Performance - As of the end of 2023, Jiangxi Bank's total assets reached RMB 552.345 billion, with total deposits of RMB 381.212 billion and total loans and advances of RMB 336.890 billion[24]. - The bank achieved an operating income of RMB 11.297 billion and a net profit of RMB 1.074 billion for the year 2023[24]. - Total operating income decreased by 11.15% to RMB 11,296.64 million from RMB 12,714.04 million in 2022[27]. - Net profit attributable to shareholders decreased by 33.13% to RMB 1,036.19 million from RMB 1,549.55 million in 2022[27]. - The group’s pre-tax profit for the period was RMB 1,010.35 million, compared to RMB 1,680.96 million in the previous year, indicating a decrease of approximately 39.8%[118]. - The bank's financial investment income decreased by 28.77% to RMB 1.52 billion, reflecting adjustments in investment strategies[43]. Asset and Liability Management - Total assets increased by 7.13% to RMB 552,345.38 million compared to RMB 515,572.66 million in 2022[28]. - The total liabilities of the group were RMB 504.813 billion, an increase of RMB 36.055 billion, reflecting a growth of 7.69%[84]. - The liquidity coverage ratio improved to 333.38% from 323.78% in 2022[28]. - The balance of qualified high-quality liquid assets was RMB 52.94 billion, with a net cash outflow of RMB 15.88 billion over the next 30 days[160]. Loan and Deposit Growth - The total amount of loans and advances issued by Jiangxi Bank was RMB 336.890 billion, reflecting an increase of 8.16% year-on-year[36]. - The total deposits absorbed by Jiangxi Bank amounted to RMB 381.212 billion, marking an 8.08% increase from the previous year[36]. - The average balance of loans and advances increased to RMB 326.982 billion, while the average balance of financial investments decreased to RMB 117.643 billion[50]. - The balance of inclusive small and micro enterprise loans under RMB 10 million reached RMB 46.141 billion, an increase of RMB 10.754 billion, or 30.39% year-on-year[133]. Risk Management - The bank's focus on risk management led to a stable overall asset quality, with enhanced control over credit risk and a dynamic monitoring of liquidity risk[38]. - The non-performing loan ratio slightly improved to 2.17% from 2.18% in 2022[28]. - The group has established a risk management framework that includes credit risk, liquidity risk, market risk, operational risk, and other risks, ensuring comprehensive risk governance[157]. - The group has maintained a prudent liquidity risk management strategy, dynamically monitoring the maturity of assets and liabilities to ensure a reasonable match[160]. Digital Transformation and Innovation - Jiangxi Bank emphasizes digital transformation and aims to provide high-quality financial services to various customer segments[24]. - The bank's focus on digital transformation has led to the establishment of a large technology organizational structure and the implementation of a "four self model" for integrated research and investment platforms[32]. - The group is advancing digital transformation with a "432N" strategy, outlining specific implementation paths for 2024-2026[151]. - The bank has implemented a digital transformation strategy, integrating multiple online marketing platforms and enhancing service efficiency through big data and AI technologies[38]. Customer Base and Service Expansion - The bank has established 110 "Jiangyin Love the Elderly" community activity centers to improve services for the elderly population[33]. - The number of micro and small enterprise loan customers increased by 24.38%, while the total number of corporate customers grew by 16.23%, achieving the best historical level[37]. - The bank's retail financial services saw a 4.52% increase in total personal customers, with a 7.64 percentage point rise in the fund retention rate for payroll customers[37]. - The bank's electronic payment signed customer base reached 2.085 million, an increase of 8.51% year-on-year[139]. Strategic Initiatives - The bank's future strategy includes deepening reforms and enhancing services to support the local economy and small and medium-sized enterprises[24]. - Jiangxi Bank aims to enhance its governance and service to the real economy while managing risks effectively[31]. - The bank aims to achieve the annual goals of "two stabilizations, two advancements, and three improvements" in 2024, focusing on modern industrial system construction and digital empowerment[34]. - The bank's strategy focuses on high-quality development and reform transformation in line with national policies[31]. Shareholder Structure and Capital Management - Jiangxi Bank's total issued share capital as of December 31, 2023, is RMB 6,024,276,901, consisting of 1,345,500,000 H-shares and 4,678,776,901 domestic shares[178]. - The largest shareholder, Jiangxi Provincial Transportation Investment Group, holds 937,651,339 shares, representing 15.56% of the total share capital[181]. - The bank's shareholder structure includes significant state-owned entities, such as Jiangxi Provincial Transportation Investment Group and Jiangxi Provincial Financial Holding Group[190]. - The net amount of core tier 1 capital increased to RMB 37,227.26 million from RMB 36,366.53 million in the previous year, reflecting a growth in capital management[174].
江西银行(01916) - 2023 - 年度财报