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Public company info - Zhongyuan Bank Co. Ltd.-H shares , 01216.HK

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Zhongyuan Bank Co. Ltd.-H shares, 01216.HK - Company Profile
Chairman DOU Rongxing
Share Issued (share) 3,795,000,000
Par Currency Renminbi
Par Value 1.0
Industry Banks
Corporate Profile Business Summary: The Bank is primarily engaged in PRC banking and related financial services, including corporate banking, retail banking, treasury operation and other business. Performance for the year: In 2019, it achieved operating income of RMB19,022 million, representing an increase of 13.3%. It recorded net profits of RMB3,206 million, representing an increase of 35.5%. Business Review The year 2019 witnessed the fifth anniversary of the establishment of Zhongyuan Bank. With diligence and persistence, Zhongyuan Bank expanded financial services through hard working, served people in central China with great efforts and demonstrated patriotism with sacrifice, thus achieving fruitful results. During the past five years, Zhongyuan Bank followed instructions, remained true to its original aspirations and undertook missions, delivering outstanding results. In 2019, the operation and operating results of the customers of Zhongyuan Bank achieved remarkable improvements. The number of effective retail customers and effective corporate customers reached 4,448,000 and 33,000, respectively. The total assets amounted to RMB709,885 million, representing an increase of RMB89,441 million as compared with the end of last year. The balance of deposits (net of accrued interest) amounted to RMB385,046 million, representing an increase of RMB38,857 million as compared with the end of last year. The balance of loans (net of accrued interest) amounted to RMB299,205 million, representing an increase of RMB44,835 million as compared with the end of last year. The asset quality and profitability were continuously improved. The non-performing loan ratio was 2.23%, representing a decrease of 0.21 percentage point as compared with the beginning of the year. It achieved operating income of RMB19,022 million, representing an increase of 13.3%. Income from intermediate businesses amounted to RMB1,866 million, increasing 45.7%. It recorded net profits of RMB3,206 million, representing an increase of 35.5%. The Group made more important progresses. It acquired AB Leasing, obtaining the third license on finance leasing in Henan Province. Zhongyuan Consumer Finance Company (中原消費金融公司) successfully attracted foreign investment and its registered capital reached RMB2 billion, further enhancing its operation capability. The corporate governance of county banks gradually improved with the comprehensive benefits gradually released. Only a solid foundation can lead to long-term sustainable development. In 2019, Zhongyuan Bank maintained serving the real economy as its responsibilities and facilitated the high-quality social and economic development with excellent financial services. The Bank actively served key national strategies, fully supported Henan Province to fully leverage on “Four Brands (四張牌)” and advance the construction of “Three Zones and One Cluster (三區一群)” and assisted to the implementation of national strategies on “the ecological protection and high-quality development in the Yellow River basin” and “building Zhengzhou into a national center city” to grow up along with the economic development of Henan Province. The Bank further focused on principal responsibilities and businesses, poured the Bank's efforts in supporting small and micro private enterprises, established the Department of Small and Micro Finance and developed the “five-professional” model on small and micro services. The balance of bank-wide loans to small and micro enterprises amounted to RMB119.5 billion, serving over 38,000 small and micro enterprises. The Bank will continuously promote inclusive finance and leverage on FinTech to boost the availability and convenience of financial services. The Bank increased the Bank's support to key groups. The balance of loans to targeted poverty alleviation programs through financial means amounted to RMB4.5 billion, representing an increase of RMB2 billion as compared with the end of last year. Innovation is sought through sticking to the right path and achievements can be made with aspirations. Zhongyuan Bank was established under the background with rapid market changes and booming financial technologies. The development environment with uncertainties drives the Bank thinking in advancing and developing in exploration with “putting customers to the center” as the beacon. Based on market characteristics and customer demands, the Bank developed the strategy on “Internetization and Ruralization of Banking Services (上網下鄉)” and initiated the digitalized transformation to foster new drivers in struggles and draw strength from forging ahead. In 2019, Zhongyuan Bank further deepened the digitalized transformation and became a pioneer in the industry in overall transformation. Its organizational structure was further optimized. It completed the implementation of the tribal agile transformation in the retail line at the head office, achieved transformation of the corporate transaction banking towards an agile organization and initiated the construction of the linkage marketing system with the head office, branches and sub-branches. The adaptability of products to the market was consistently enhanced with higher speed in product innovation and iteration and increasingly diversified products. “Zhongyuan Jushang (中原聚商)”, “Yunong Loans (豫 農貸)”, “credit cards” and other popular products attracted various fans. The technology base was further reinforced with six technology platforms and nine data basic platforms developed and launched, which accumulated energy for transformation and intensifying foundation. The strategy on “ruralization of banking services (下鄉)” was advanced in the favorable environment of the rejuvenation of rural areas. It consistently improved the rural financial service system covering counties, townships and villages and popularized online integrated financial services to develop an ecosystem on rural financial services. It supported the construction of rural infrastructure and the development modern agriculture. The balance of bank-wide agriculture-related loans amounted to RMB69.8 billion, representing an increase of RMB14.6 billion as compared with the beginning of the year and providing more considerate financial strength to rural residents in Henan Province. Prospects: 2020 is the year to complete building a moderately prosperous society in all respects and the “13th Five-year Plan”. It is also a starting point of the second five-year development of Zhongyuan Bank. The bank will seize every minute and make more efforts to restart. Standing at the new starting point and embarking on a new journey, the Bank will continue to implement the strategic layouts of the Central Committee of the Communist Party of China (CPC) (the “CPC Central Committee”) on financial development, focus on principal businesses and practice the bank's original aspirations. The bank will adhere to serving the real economy, strictly control financial risks and steadfastly deepen innovation and transformation with an unwavering spirit and the courage for overcoming difficulties and achieving innovation. Under the care and guidance of CPC committees, governments and regulatory authorities at all levels and with the trust and support of investors and customers as well as the solidarity of all staff of the Bank, the bank will create new brilliance in the development of Zhongyuan Bank.

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