Share This

Public company info - Shengjing Bank Co. Ltd. - H Shares , 02066.HK

Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Shengjing Bank Co. Ltd. - H Shares, 02066.HK - Company Profile
Chairman QIU Huofa
Share Issued (share) 2,341,000,000
Par Currency Renminbi
Par Value 1.0
Industry Banks
Corporate Profile Business Summary: The Group is engaged in banking businesses and related financial services. Performance for the year: In 2019, the Bank achieved a profit before taxation of RMB6.143 billion, representing a year-on-year increase of RMB0.604 billion or 10.9%, and achieved a net profit of RMB5.438 billion, representing a year-on-year increase of RMB0.312 billion or 6.1%..In 2019, the Bank achieved an operating income of RMB21.007 billion, representing a year-on-year increase of RMB5.122 billion or 32.2%. Business Review: (I) Steady growth of assets and liabilities with a scale of trillion solid foundation At the end of 2019, total assets of the Bank amounted to RMB1,021.481 billion, representing an increase of 3.7% as compared with that at the beginning of the year, hence the asset size stands steady at RMB1 trillion. The Bank adhered to the credit supply strategy of “high quality customers in high quality industries and mainstream customers in mainstream industries”, as a result, the proportion of high-quality and high-yield assets increased steadily. The total amount of loans and advances to customers amounted to RMB457.202 billion, representing an increase of 21.4% as compared with that at the beginning of the year. The Bank adhered to the concept of “developing and boosting the Bank through deposits”, and the core debt ratio continued to increase with total liabilities of RMB942.359 billion, representing an increase of 1.5% as compared with that at the beginning of the year, of which total customer deposits amounted to RMB641.428 billion, representing an increase of 24.8% as compared with that at the beginning of the year. (II) Continuous optimization of income structure and increasing profitability In 2019, the Bank deeply implemented the operational concept of “returning to its roots and focusing on principal businesses”. On the asset side, the Bank strengthened loan pricing management, and on the liability side, it proactively optimized the structure of interest-bearing liabilities, as a result, the total operating profit before provision increased significantly. During the Reporting Period, the Bank recorded operating income of RMB21.007 billion, representing a year-on-year increase of RMB5.122 billion, or 32.2%, including net interest income of RMB16.350 billion, representing a year-on-year increase of RMB4.436 billion, or 31.7%; a total operating profit (before provision) of RMB16.376 billion, representing a year-on-year increase of RMB4.436 billion, or 37.1%; the net profit was RMB5.438 billion, representing a year-on-year increase of RMB312 million, or 6.1%. Meanwhile, the Bank further pushed forward the implementation of the “light asset and light capital” strategy and initially established a diversified profit structure. The Bank continued to expand the sources of non-interest income, hence realized the transformation of profit model and continuously improved the capacity and profit contribution, laying a solid foundation for the Bank to build a diversified income statement. During the Reporting Period, the Bank recorded net non-interest income of RMB4.657 billion, representing a year-on-year increase of RMB1.190 billion, or 34.3%, (III) Effective replenishment of core capital resulting in significant increase in capital strength In 2019, the Bank successfully achieved the simultaneous private placement of H shares and domestic shares, with proceed of approximately RMB18 billion, all of which were used to supplement core tierone capital, and the capital adequacy ratio was significantly increased. As of the end of 2019, the core tier-one capital adequacy ratio and tier-one capital adequacy ratio of the Bank were both 11.48%, representing an increase of 2.96 percentage points as compared with that at the beginning of the year, the capital adequacy ratio was 14.54%, representing an increase of 2.68 percentage points as compared with that at the beginning of the year. Such ratio is at the leading level of city commercial banks. Prospects: In 2020, Shengjing Bank will closely focus on the strategic vision of “building a sound bank”, be determined by “bending over backwards”, have tenacity without sparing effort, persist no matter any obstacles, unswervingly keep up, face difficulties, explore with ambition, rise to the top with courage; promote the reform and development of Shengjing Bank to start a new journey, achieve a new leap forward, and reach a new level with morale and firm confidence.

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.