Share This

Public company info - China Minsheng Banking Corp. Ltd. - H Shares , 01988.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

China Minsheng Banking Corp. Ltd. - H Shares, 01988.HK - Company Profile
Chairman Gao Yingxin
Share Issued (share) 8,320,000,000
Par Currency Renminbi
Par Value 1.0
Industry Banks
Corporate Profile Business Summary: The Group mainly provides corporate and personal banking, treasury business, financial leasing, fund and asset management, investment banking and other financial services in the PRC. Performance for the year: During the Reporting Period, the Group recorded operating income of RMB181,807 million, representing an increase of RMB4,062 million, or 2.29%, as compared with the corresponding period of the previous year. Profit before allowance amounted to RMB131,322 million, representing an increase of RMB3,593 million, or 2.81%, as compared with the corresponding period of the previous year. Net profit attributable to equity shareholders of the Bank amounted to RMB34,309 million, representing a decrease of RMB19,510 million, or 36.25%, as compared with the corresponding period of the previous year. Business Review Interest income During the Reporting Period, interest income of the Group amounted to RMB286,593 million, representing an increase of RMB11,778 million, or 4.29%, as compared with the corresponding period of the previous year, mainly due to the increases of interest income from loans and advances to customers of the Group. (1)Interest income from loans and advances to customers During the Reporting Period, interest income from loans and advances to customers of the Group amounted to RMB200,351 million, representing an increase of RMB14,206 million, or 7.63%, as compared with the corresponding period of the previous year, mainly due to the increases in loans and advances to customers. In regards to business types, interest income from corporate loans and advances amounted to RMB107,978 million, representing an increase of RMB6,341 million, or 6.24%, as compared with the corresponding period of the previous year. Interest income from personal loans and advances amounted to RMB92,373 million, representing an increase of RMB7,865 million, or 9.31%, as compared with the corresponding period of the previous year. In regards to changing factors, the increase in the daily average scale of loans and advances led to an increase of RMB29,925 million in interest income, as compared with the corresponding period of the previous year, and the decrease in the average ratio return led to a decrease of RMB15,719 million in interest income, as compared with the corresponding period of the previous year. (2)Interest income from financial investments During the Reporting Period, interest income from financial investment of the Group amounted to RMB64,402 million, representing an increase of RMB143 million, or 0.22%, as compared with the corresponding period of the previous year. (3)Interest income from balances and placements with banks and other financial institutions and financial assets held under resale agreements During the Reporting Period, interest income from balances and placements with banks and other financial institutions and financial assets held under resale agreements of the Group amounted to RMB9,694 million, representing a decrease of RMB3,111 million, or 24.30%, as compared with the corresponding period of the previous year. The decrease was mainly due to the reduction of the interest rate in the money market. The average return ratio fell by 0.77 percentage points, as compared with the corresponding period of the previous year, which led to a decrease of RMB2,708 million in interest income, as compared with the corresponding period of the previous year. (4)Interest income from long-term receivables During the Reporting Period, interest income from long-term receivables of the Group amounted to RMB6,840 million, representing an increase of RMB429 million, or 6.69%, as compared with the corresponding period of the previous year, mainly due to the increase in the scale of long-term receivables. (5)Interest income from balances with central bank During the Reporting Period, interest income from balances with central bank of the Group was RMB5,306 million, representing an increase of RMB111 million, or 2.14%, as compared with the corresponding period of the previous year. Net non-interest income During the Reporting Period, net non-interest income of the Group amounted to RMB46,583 million, representing a decrease of RMB9,128 million, or 16.38%, as compared with the corresponding period of the previous year. 1.Net fee and commission income During the Reporting Period, net fee and commission income of the Group amounted to RMB27,664 million, representing a decrease of RMB540 million, or 1.91%, as compared with the corresponding period of the previous year. This was mainly because fee income from settlement and clearance services amounted to RMB2,881 million, representing a decrease of RMB815 million, or 22.05%, as compared with the corresponding period of the previous year, and fee and commission income from credit commitments amounted to RMB2,104 million, representing a decrease of RMB370 million, or 14.96%, as compared with the corresponding period of the previous year. 2.Other net non-interest income During the Reporting Period, other net non-interest income of the Group amounted to RMB18,919 million, representing a decrease of RMB8,588 million, or 31.22%, as compared with the corresponding period of the previous year. The decrease was mainly due to the decrease in the scale of financial assets at fair value through profit or loss and fluctuations of market price and exchange rate. Prospects: Looking into 2021, the world economic situation will remain complex and challenging, with unstable and uneven recovery and various pandemic-inflicted risks that cannot be ignored. The rising tide of protectionism and unilateralism, prolonged ultra-low interest rates in the US and in Europe, and fluctuation of international commodity prices, all are pointing to a more volatile capital market. Despite such an increasingly complex international environment, the fundamentals sustaining China’s steady, long-term and quality economic growth remain unchanged. 2021 marks the beginning of the 14th Five-Year Plan and is a year of special importance in the process of modernisation of China. With China’s economy gradually recovers, it is expected to see a more prudent monetary policy, a slowdown in total social financing and credit growth, more stable macro leverage ratio, more reasonably ample liquidity, stable market projection and more positive factors in the economic operation, which will bring more new opportunities to the banking industry. A good wind is the time to set sail. In response to the new situation and requirements of the new era, China Minsheng Bank will adhere to the strategic goal of “building a first-class commercial bank with distinctive features, increasing value, continuous innovation and stable operation”. As entering the new development stage, the Company will continue to implement the new development philosophy, deepen institutional reform and strengthen corporate culture. It is determined to follow a sound and sustainable development path through innovation and solid work, and will make greater contributions to the start of the 14th Five-Year Plan!

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.