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Public company info - Harbin Bank Co. Ltd. - H Shares , 06138.HK
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Harbin Bank Co. Ltd. - H Shares, 06138.HK - Company Profile
Chairman -
Share Issued (share) 3,024,000,000
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, personal banking, treasury operation and other business. Performance for the year: As at 31 December 2019, the Group’s total assets amounted to RMB583.0894 billion, representing a decrease of RMB32.4991 billion as compared to the end of last year; customer deposits amounted to RMB425.6837 billion, representing an increase of RMB30.1669 billion or 7.6% as compared to the end of last year; total loans amounted to RMB263.6041 billion, representing an increase of RMB9.8414 billion or 3.9% as compared to the end of last year; and the quality of assets was basically stable, with NPL ratio of 1.99% and impairment coverage ratio of 152.50%. For the year of 2019, the Bank recorded an operating income of RMB15.1244 billion and a net profit of RMB3.6351 billion. Business Review In 2019, global economic growth slowed down. The growth rates of major developed economies declined amid international trade tension and continued weakened investment. Signs of internal-oriented trade protectionism policies emerged and Sino-U.S. trade frictions continued to escalate. Facing the increasingly severe and complicated economic and financial situation as well as the impact of peer risk events, the Board of the Bank, with strong support of the Bank’s shareholders, proactively responded to the national policies in unison with the management and all employees by implementing regulatory requirements, effectively controlling and mitigating financial risks, and improving quality and efficiency of financial services. The Bank maintained steady and healthy business operations, upgraded its management level, strengthened its market position and realized high quality development. Over the past year, the Bank’s operations remained stable and healthy while breakthroughs were made in key areas. As at the end of 2019, the Group had total assets of RMB583,089.4 million. Net profit of the Bank for the year of 2019 amounted to RMB3,635.1 million. The key regulatory indicators met regulatory standards. Major breakthroughs were achieved in the Company’s retail deposits business, which ranked first in terms of the market share of deposits in multiple regions where the Bank’s branch outlets located at, and its proportion of retail deposits was among the leading institutions in the market. HB Leasing maintained a good momentum for its business operation, and vigorously developed the special agricultural machinery business by opening up the resources of domestic and overseas agricultural machinery manufacturers. The expansion of agricultural machinery business significantly speeded up its pace. HBCF successfully introduced the strategic investment of Duxiaoman (度小滿), the financial technology platform under Baidu, and its capital strength leapt to the forefront of the industry. HBCF was successfully approved as a national high-tech enterprise, which greatly enhanced its brand image and corporate value. Over the past year, the Bank’s featured businesses embraced energetic development while further strengthened their market position. The proportion of retail loan strategic business continued to increase, significantly higher than the average level of city commercial banks. The Bank further strengthened the position of its featured Sino-Russia financial brand and maintained its leading position in Rouble cash exchange, cash cross-border transfer and cross-border interbank loan among its industry peers. The Sino Russian Financial Union initiated by the Bank was included in the Joint Statement of the Eighth Sino-Russian Dialogue Between Ministers of Finance (第八次中俄財長 對話聯合聲明). The cross-border e-commerce financial service platform established connection and cooperation with 12 overseas mainstream payment channels, and the transaction settlement amount across all channels accounted for more than 15% of the online banking business in terms of market share, ranking among top three in the market. With the active market expansion of agricultural finance business, the number of mid-end and high-end customers steadily increased and “Smart Flash Loan”, the first online project for farmers, was launched. Over the past year, the Bank conducted extensive cooperation, and continued to strengthen the bank-government relationship. For further deepening the comprehensive strategic cooperation with Harbin New Area, the Company entered into strategic cooperation agreements with the Economic Development Zone as well as five major industry groups in the province such as Heilongjiang Province New Industry Investment Group (省新產業投資集團). The Company continued to strengthen communication with its industry peers and maintained sound cooperative relationships with them. HB Leasing engaged in cooperation with acclaimed international brands such as CNH in the United States, CLAAS in Germany and Kubota in Japan, as well as first-rate domestic brands such as Tung Fong Hung and Wode. HBCF carried out in-depth business cooperation with Duxiaoman, and established sound cooperative relations with over 10 platforms such as JD.com, 360 and Qudian. Over the past year, the Bank continued to strengthen its risk management and control and maintained stable asset quality. The Company deepened credit model reform, continuously improved the ability to avoid and control risks, and actively applied the retail internal assessment and financial technology risk management tools. With increased efforts in the collection and disposal of non-performing assets, the Bank scored a historical high in the scale of disposal, and inventively applied write-off leverage. HB Leasing enhanced post-leasing management, regulated working process and comprehensively conducted post-leasing reviews for existing businesses, contributing to an effective decrease in non-performing assets. HBCF strengthened the real-time monitoring of business risks, made timely adjustments to the business deployment strategy and significantly increased efforts in the write-off of non-performing assets. Over the past year, the Bank actively implemented social responsibilities and built a good corporate image. Adhering to the philosophy of “Inclusive Finance, Harmonious Co-Enrichment”, the Bank was determined to uphold its microcredit strategy, actively responded to national and regulatory policies, and increased efforts in financial support of “agriculture, rural areas and farmers”, small and micro enterprises and people’s livelihood. The Bank ranked 199th in the Top 1000 World Banks 2019 according to The Banker of United Kingdom, 34th in China’s Top 100 in the Banking Industry according to China Banking Association, and 217th in Global Banking Brands Top 500 of 2019 according to Brand Finance. Prospects: Currently, COVID-19 is continuing to cause damage to people all over the world and affect global economy and the financial market. In 2020, the domestic banking industry will face an even more severe and unfavorable environment for development, as well as more challenges and difficulties in operation. Adhering to the general principle of steady improvement, the Bank will maintain stable operation, strengthen comprehensive business risk management and control, increase internal management effectiveness and leverage the Bank’s advantages in resource endowment to ensure sound operational results for the Group, create greater value for the shareholders, provide more quality financial services to the customers and make greater contributions to the development of economy and society!

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