Share This

Public company info - Jilin Jiutai Rural Commercial Bank Corporation Limited-H shares , 06122.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Jilin Jiutai Rural Commercial Bank Corporation Limited-H shares, 06122.HK - Company Profile
Chairman Gao Bing
Share Issued (share) 837,000,000
Par Currency Renminbi
Par Value 1.0
Industry Banks
Corporate Profile Business Summary: The Group operates three principal lines of business: corporate banking, retail banking and treasury operations. Performance for the year: The Group recorded a total operating income of RMB5,311.4 million in 2019, representing an increase of 5.4% as compared to RMB5,037.6 million in 2018. The Group’s net profi t increased by 1.0% from RMB1,183.6 million in 2018 to RMB1,195.7 million in 2019. Business Review As of December 31, 2019, the Group’s total assets amounted to RMB173,275.5 million, representing a year-on-year increase of 5.5%; total loans and advances to customers amounted to RMB96,104.0 million, representing a year-on-year increase of 24.0%; the non-performing loan ratio amounted to 1.68%, representing a year-on-year decrease of 0.07 percentage point; total deposits from customers amounted to RMB122,840.4 million, representing a year-on-year increase of 12.2%. In 2019, the Group’s profi t before tax was RMB1,503.5 million, representing a year-on-year increase of 4.4%; profi t for the year was RMB1,195.7 million, representing a year-on-year increase of 1.0%. It was mainly due to the increase in net interest income resulting from the increase in scale of loans and average yield of the Group and the decrease in operating expenses, which was partly offset by the decrease in net fee and commission income and the increase in impairment losses on assets. Prospects: Looking forward to 2020, the global economic structure, economic and trading environment as well as geopolitical situation will remain complex and changeful, and it is expected that the global economic growth will slow down. 2020 will be the year of completion for the establishment of a moderately prosperous society as well as for the “Thirteenth Five-Year Plan” in China. Despite the external challenges and internal structural and cyclical downward pressure, especially the relatively signifi cant impact brought by COVID-19 pneumonia on the economy and certain industries in a short term, the economy of China will remain promising and maintain high-quality growth in a long run. In addition to the policies announced by the Central Economic Work Conference at the end of last year to improve and strengthen the “six stabilities” and implement proactive fi scal policies and prudent monetary policies, since the beginning of 2020, a series of effective hedging measures have been introduced to promote the orderly resumption of operation and production, such as cutting taxes and fees, fi nancial services, rent reductions and job stabilization subsidies. It is expected that such measures will be further strengthened in the future to ensure the reasonable growth of the economy in quantity with steady improvement in quality. Furthermore, the regulatory policies are expected to remain stable while counter-cyclical adjustments will be adopted to maintain reasonable and suffi cient liquidity. Specifi c policies will be adopted to support the capital replenishment of banking institutions, promote the strategy of private economic development and rural revitalization and release the vitality of micro, small and medium-sized enterprises (the “SMEs”). Coupled with the revitalization strategy of the Northeastern China and the implementation of “one dome, six double-pillars (一主六雙)”, the overall industrial planning of Jilin Province, new growth momentum will be formed and the local advantages of rural commercial banks will be increasingly outstanding to form a stronger foundation for high quality development. In the future, the Group will closely follow the national policies, grasp the opportunity from the regional economic development and carry on its work in a stable and progressive manner. The Bank will further promote the development of its “Four in One Mechanism” system consisting of the fi nancial services for three rurals and the community, cooperation platforms and charity works. The Bank will focus on transformation and quality improvement based on its traditional values, adjust its structure for better services to the real economy and maintain sound risk prevention and control to develop new momentum for steady growth, new strengths from transformation and development and new advantages in terms of high-quality development, aiming to build itself as a fi rst-class modern PRC rural commercial bank with strong brand value.

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.