Financial Performance - Net interest income for 2023 was RMB 8,289.0 million, a decrease from RMB 8,593.6 million in 2022[14]. - Net fee and commission income increased to RMB 972.2 million in 2023, up from RMB 841.7 million in 2022[14]. - Total operating income for 2023 was RMB 10,358.4 million, compared to RMB 10,869.9 million in 2022[14]. - Operating expenses rose to RMB 3,407.1 million in 2023, up from RMB 3,275.2 million in 2022[14]. - Impairment losses on assets increased to RMB 6,105.7 million in 2023, compared to RMB 5,601.5 million in 2022[14]. - Profit before tax for 2023 was RMB 855.1 million, significantly lower than RMB 2,001.5 million in 2022[14]. - Net profit for the year was RMB 745.4 million, down from RMB 1,680.4 million in 2022[14]. - Net profit attributable to shareholders was RMB 723.6 million in 2023, compared to RMB 1,615.1 million in 2022[14]. - Total operating income for 2023 was RMB 10,358.4 million, a decrease from RMB 10,869.9 million in 2022, representing a decline of 4.7%[116]. Asset and Liability Management - As of December 31, 2023, Jiujiang Bank has total assets exceeding RMB 500 billion and operates 279 branches[4]. - The bank's registered capital amounts to RMB 2,847,367,200[3]. - Total assets grew to RMB 503,849.2 million in 2023, up from RMB 479,703.5 million in 2022, representing a growth of 5.4%[16]. - The total liabilities of the group reached RMB 462.89 billion, increasing by RMB 19.61 billion or 4.4% compared to the end of the previous year[76]. - The bank's equity attributable to shareholders rose to RMB 40,156.5 million in 2023 from RMB 35,627.6 million in 2022, an increase of 14.2%[16]. - The liquidity coverage ratio improved significantly to 448.64% in 2023 from 267.97% in 2022[17]. - The capital adequacy ratio slightly decreased to 12.01% in 2023 from 12.62% in 2022[15]. - The net stable funding ratio decreased from 130.87% in 2022 to 127.03% in 2023, with available stable funding increasing to RMB 341.784 billion[157]. Loan and Credit Management - Customer loans and advances net amount increased to RMB 293,410.2 million in 2023 from RMB 271,535.2 million in 2022, a rise of 8.4%[16]. - The non-performing loan ratio increased to 2.09% in 2023 from 1.82% in 2022[16]. - The total amount of customer loans and advances was RMB 301.62 billion, up RMB 22.46 billion or 8.0% year-on-year[89]. - The group reported a total of RMB 98,967.2 million in mortgage loans, with a non-performing loan amount of RMB 3,449.5 million, representing 3.49%[99]. - The group increased its loan amount in Jiangxi Province to RMB 250.43 billion, an increase of RMB 19.02 billion or 8.2% year-on-year, accounting for 83.0% of total loans[102]. - The distribution of corporate loans by product type shows that working capital loans accounted for 55.5% of the total, while fixed asset loans made up 30.6%[65]. - The top three industries by loan amount were manufacturing (RMB 43,638.0 million), wholesale and retail (RMB 28,040.7 million), and real estate (RMB 24,427.8 million)[98]. Awards and Recognition - Jiujiang Bank has been recognized as a "Core Underwriter" and "Outstanding Market Maker" for its performance in the 2022 RMB financial bond underwriting market[5]. - The bank was awarded the "Comprehensive Excellence Award" for its cross-border RMB business in Jiangxi Province for 2022[6]. - In 2023, Jiujiang Bank was named "Outstanding Industry Financial Bank" in a selection event focused on supply chain financing[6]. - The bank received multiple awards in 2023, including the "Outstanding Investment Return Bank" and "Outstanding Wealth Management City Commercial Bank" at various forums[7][9]. - The company has been recognized with multiple awards, including the "Financial Innovation Contribution Award" from the Jiangxi Provincial Financial Regulatory Bureau[22]. Strategic Focus and Development - The bank aims to enhance service to local economies and small and medium enterprises as part of its strategic focus for sustainable development[20]. - The company is focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance for future growth[23]. - The bank aims to enhance its brand image by forming a national alliance for small and medium-sized banks in industrial finance[133]. - The bank's digital transformation efforts have led to significant improvements in risk management, with a focus on integrating technology into financial services[140]. - The bank aims to enhance strategic execution and operational efficiency in 2024, focusing on fine management and risk control[142]. Risk Management - The bank has established a comprehensive risk management system to enhance compliance and risk prevention measures[21]. - The bank's risk management framework includes a comprehensive structure from the board of directors to functional departments, ensuring effective risk oversight and management[143]. - The bank has implemented a multi-dimensional credit risk monitoring system to enhance risk identification capabilities[149]. - The bank has strengthened its operational risk management framework, ensuring that operational risks are controlled within acceptable limits[152]. - The bank's credit risk management culture emphasizes prudent management, with significant achievements in asset quality control and the implementation of standardized credit processes[145]. Customer Engagement and Services - The number of retail customers reached 5.3661 million, marking a growth of 9.86%[126]. - The total number of credit cards issued reached 1.1506 million, indicating stable overall operations in the credit card business[128]. - The company launched new products such as "Good Car Card" and "Truck ETC" to meet diverse customer needs in the credit card sector[128]. - The bank's trade finance business achieved a cross-border RMB settlement scale of RMB 5.509 billion, an increase of 29.72%[134]. - The bank's agricultural loans reached RMB 67.909 billion, an increase of RMB 4.059 billion or 6.36% year-on-year[138]. Shareholder Structure - As of December 31, 2023, the total issued share capital of the company is 2,847,367,200 shares, comprising 2,365,000,000 domestic shares and 482,367,200 H shares[171]. - The top ten domestic shareholders hold a total of 1,632,987,590 shares, representing 57.35% of the total issued share capital[174]. - The largest domestic shareholder, Jiujiang Finance Bureau, holds 366,020,000 shares, accounting for 12.85% of the total issued share capital[174]. - The shareholding structure indicates significant ownership concentration among a few major shareholders, with the top three holding over 35% of the shares[182]. - The company has no controlling shareholder as of the reporting period[183].
九江银行(06190) - 2023 - 年度财报