张家港行(002839) - 2023 Q4 - 年度财报

Financial Performance - The company's operating income for 2023 was approximately ¥4.54 billion, a decrease of 5.93% compared to ¥4.83 billion in 2022[181]. - Net profit attributable to shareholders for 2023 was approximately ¥1.79 billion, an increase of 6.24% from ¥1.68 billion in 2022[181]. - The net profit after deducting non-recurring gains and losses was approximately ¥1.73 billion, reflecting a 12.00% increase from ¥1.54 billion in 2022[181]. - The net cash flow from operating activities decreased significantly by 76.48%, totaling approximately ¥1.80 billion compared to ¥7.63 billion in 2022[181]. - Total assets at the end of 2023 reached approximately ¥207.13 billion, marking a 10.45% increase from ¥187.53 billion at the end of 2022[181]. - Customer loans and advances amounted to approximately ¥127.10 billion, up from ¥115.03 billion in 2022, indicating a growth in lending activities[189]. - The bank's total liabilities increased to approximately ¥189.92 billion, compared to ¥171.81 billion in 2022, reflecting a growth in financial obligations[189]. - The weighted average return on equity for 2023 was 11.65%, a decrease of 0.56 percentage points from 12.21% in 2022[181]. - The basic earnings per share for 2023 was ¥0.78, an increase of 6.85% from ¥0.73 in 2022[181]. - The bank's total equity attributable to shareholders increased by 9.48% to approximately ¥17.04 billion from ¥15.56 billion in 2022[181]. Capital and Risk Management - The capital adequacy ratio for 2023 stands at 13.04%, above the regulatory standard of ≥ 10.5%[192]. - The non-performing loan ratio is 0.94%, well below the threshold of ≤ 5%[192]. - The loan provision coverage ratio is 424.23%, significantly exceeding the requirement of ≥ 150%[192]. - The cost-to-income ratio improved to 36.9%, below the target of ≤ 45%[192]. - The net interest margin decreased to 1.99% compared to 2.43% in 2021[192]. - The liquidity ratio is at 81.83%, well above the minimum requirement of ≥ 25%[192]. - The single largest customer loan ratio is 4.45%, under the limit of ≤ 15%[192]. - The average total assets return rate is 0.91% for the reporting period[192]. - The core tier 1 capital adequacy ratio is 9.76%, exceeding the regulatory minimum of ≥ 7.5%[192]. - The migration rate for substandard loans is 37.41%, showing an increase from previous years[192]. Governance and Compliance - The bank's governance structure complies with the requirements of the Company Law and relevant regulations, with no significant discrepancies noted[13]. - The bank's strategic development committee is chaired by the chairman, ensuring oversight of strategic initiatives[16]. - The company has consistently adhered to relevant laws and regulations during board meetings, with all proposals being unanimously approved after thorough discussions[51]. - The company has established specialized committees under the board, which have been diligent in their responsibilities and have passed all proposals during the reporting period[49]. - The company has reported on its compliance efforts, including a compliance report for the first half of 2023, which was approved by the Financial Ethics and Compliance Committee[51]. - The independent directors have made a total of 12 objective and impartial independent opinions to safeguard the overall interests of the company, particularly focusing on the protection of minority shareholders' rights[48]. Strategic Development - The bank plans to focus on "risk control, structural adjustment, broadening sources, strengthening norms, and improving capabilities" as part of its new three-year development plan from 2024 to 2026[8]. - The company has actively participated in the formulation of the "2024-2026 New Three-Year Development Plan," providing forward-looking guidance and suggestions to support high-quality business development[48]. - The company has a strategic development committee that has met multiple times to evaluate strategic execution and technology investment plans[102]. Employee and Compensation - The total number of employees in the main subsidiaries is 2,557, with 2,051 holding bachelor's degrees and 218 holding graduate degrees or higher[80]. - The company employs a broadband salary system that reflects differences in position, capability, and performance, with distinct compensation strategies for functional and business positions[82]. - The company has established a salary level based on job value assessment and external market salary levels, ensuring competitive compensation[82]. - The company has a structured approach to salary determination for executives and board members, based on performance assessments and internal regulations[70]. - The company has implemented a performance bonus system for business positions, aligning incentives with organizational goals[82]. - The board has actively engaged in discussions and passed resolutions regarding executive compensation and operational targets for the upcoming year[78]. Community Engagement and Social Responsibility - The company donated a total of CNY 3.09 million during the reporting period, contributing to local community projects and recognized as a "Most Charitable Donation Enterprise"[116]. - The company achieved a tax revenue of CNY 694 million, representing a year-on-year growth of 7.81%[116]. - The company has focused on financial support for the photovoltaic industry development under the "dual carbon" goals, as reported by the Agricultural and Green Finance Committee[51]. - The company has established 66 rural inclusive financial service points to enhance financial services for rural areas, providing basic financial services and social security services[95]. - The company is actively developing exclusive financial products like "Micro Easy Loan" to support agricultural entities, utilizing a risk-sharing mechanism with banks and guarantee institutions[95]. - The company has collaborated with the People's Bank of Zhangjiagang to develop online platforms "Code on Demand" and "Loan on Demand" to promote agricultural support policies[95]. Profit Distribution - The bank's profit distribution plan included a bonus of 0.4 shares for every 10 shares held, increasing the registered capital by 3.6 million RMB to a total of 90.36 million RMB[1]. - The company's profit distribution plan for 2023 includes a cash dividend of 2.0 yuan per 10 shares, accounting for 10% of the net profit, with a total of 177.05 million yuan allocated for statutory surplus reserves and 354.09 million yuan for general risk reserves[85]. - The company has committed to a minimum cash dividend ratio of 20% during profit distribution, reflecting its growth stage and significant capital expenditure plans[85].