XIANMEN BANK(SH:601187)2024-04-29 12:07Financial Performance - The company's operating income for 2023 was 5,602,714,000, a decrease of 4.96% compared to 2022[21]. - The net profit attributable to shareholders of the parent company reached 2,663,871,000, reflecting a growth of 6.30% year-on-year[21]. - The company achieved operating revenue of RMB 5,603 million in 2023, a decrease of 4.96% year-on-year, primarily due to a narrowing interest margin[132]. - Net profit attributable to shareholders of the parent company was RMB 2,664 million, an increase of RMB 158 million, representing a year-on-year growth of 6.30%[132]. - Non-interest income grew by 15.44% year-on-year, reaching RMB 1,276 million, while net interest income decreased by 9.67% to RMB 4,326 million[132]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of 721.23 million RMB for 2023, compared to 700.99 million RMB in 2022[189]. Asset and Liability Management - The total assets increased by 5.24% to 390,663,859,000 as of December 31, 2023[21]. - The total liabilities amounted to 360,149,816,000, representing a 3.95% increase from the previous year[21]. - The total deposits reached 207,574,654,000, with a year-on-year growth of 1.32%[21]. - The total amount of loans and advances was CNY 209.701 billion, growing by 4.65% year-on-year[76]. - The balance of green loans grew by 72%, while the balance of medium and long-term manufacturing loans increased by 33%[7]. - The balance of inclusive small and micro enterprise loans was CNY 71.728 billion, with an increase of CNY 10.688 billion, representing a growth rate of 17.51%[81]. Capital and Liquidity Ratios - The core Tier 1 capital ratio improved to 9.86% as of December 31, 2023, compared to 9.50% a year earlier, indicating a stronger capital position[25]. - The liquidity coverage ratio stood at 315.54% as of December 31, 2023, up from 226.48% in the same period last year, reflecting enhanced liquidity management[26]. - The net stable funding ratio was reported at 122.97% as of December 31, 2023, compared to 115.34% a year earlier, showing improved funding stability[28]. - The leverage ratio as of December 31, 2023, was 6.40%, an increase from 5.56% a year earlier, indicating a more efficient use of capital[47]. - The capital adequacy ratio increased to 15.40% by the end of 2023, up from 13.76% at the end of 2022[188]. Client and Market Development - The number of clients served in the inclusive small and micro enterprise loan segment increased by 15% year-on-year[12]. - The number of Taiwan enterprise clients increased by 34% compared to the beginning of the year, with credit accounts growing by 41%[137]. - The company aims to strengthen its financial services for cross-strait businesses, enhancing customer coverage and market advantages through tailored products[48]. - The company has established a comprehensive financial service system for cross-strait operations, maintaining the highest number of credit card issuances for Taiwanese residents in Fujian[160]. - The company launched the first online consumption credit loan product for Taiwanese residents, "Tai e Loan," contributing to a 20% increase in Taiwanese clients and a 34% increase in Taiwanese enterprise clients[160]. Digital Transformation and Innovation - The company has made significant advancements in digital transformation, enhancing data governance and application across its operations[37]. - The company has successfully transitioned offline business to online, implementing a new online process for various loan products, enhancing its commercial model[86]. - The company implemented a digital upgrade of its credit factory, achieving a credit amount exceeding 7 billion yuan and improving marketing efficiency by 65%[120]. - The company launched several specialized financial products for new citizens and Taiwanese residents, including "New Citizen Quick E Loan" and "Taiwan E Loan," which have received media recognition and awards[94]. - The company received multiple awards for its financial technology projects, including recognition for its "Tai e Loan" product[193]. Risk Management and Compliance - The company has enhanced its financial market operations, optimizing asset structure and managing liability costs effectively, leading to improved profitability[105]. - The company focused on compliance management in financial market operations, ensuring adherence to external regulations and strengthening its management system[108]. - The company has implemented various intelligent operational tools, saving over 1,180 person-months of labor and processing over 4.93 million documents[182]. - The company achieved a provision coverage ratio of 412.89%, an increase of 24.96 percentage points from 387.93% in the previous year[188]. - The company implemented a refined risk management system, enhancing its ability to identify potential risks through big data applications[132]. Awards and Recognition - The company has been recognized for its contributions to private enterprises, receiving the "Outstanding Contribution Bank Award" for 2022 from local financial authorities[29]. - The company was recognized as the "Outstanding Institution for Serving Small and Micro Enterprises" in Xiamen for nine consecutive years[81]. - The company was recognized as a leading market influence institution in the interbank bond market and received multiple awards for its trading capabilities[133].