Share This

Public company info - Bank of Guizhou Co. Ltd.- H Shares , 06199.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Bank of Guizhou Co. Ltd.- H Shares, 06199.HK - Company Profile
Chairman XU An
Share Issued (share) 2,200,000,000
Par Currency Renminbi
Par Value 1.0
Industry Banks
Corporate Profile Business Summary: The principal activities of the Bank are the provision of corporate and personal deposits, loans and advances, settlement, financial market business and other banking services as approved by the former CBRC. Performance for the year: The Group’s total revenue during the year ended 31 December 2019 represented an increase of 34.2% as compared with the Group’s total revenue during the year ended 31 December 2018. The amount of gross profit during the year ended 31 December 2019 amounted to HK$191.3 million, representing an increase of 28.1% from HK$149.3 million during the year ended 31 December 2018. The Group’s gross profit margin was 33.2% during the year ended 31 December 2019, as compared with 34.8% during the year ended 31 December 2018. Business Review： I. Taking clearer steps in strategic transformation. The Bank completed the formulation of the Development Strategy and Planning of the Bank of Guizhou for 2018–2022 and developed the “12345” overall strategic framework, namely with the vision of “grasping the pulse of the new era, maintaining high-quality development and building a top-notch modern urban commercial bank in China” and the targets of “contributing excellence and sharing happiness”, further clearing “customer-oriented, product-oriented and regional-oriented” positioning, focusing on the four tasks of “fully advancing transformation of corporate businesses, developing big retail with extraordinary efforts, improving profit in the financial market and rebuilding the online Bank of Guizhou” as well as emphasizing the improvement of five supporting systems of “talent recruitment, risk management, resources allocation, performance appraisal and technology construction”. Through the scientific preparation of strategic planning and vigorously advancing the implementation of strategies, the Bank is developing towards clearer orientations with more powerful strategic leadership. II. Successfully entering the international capital market. On 30 December 2019, the Bank was officially listed on the Main Board of the Hong Kong Stock Exchange. It issued 2.2 billion H shares and raised HK$5,456 million, which significantly boosted the capital strength of the Bank. The successful listing of the Bank at Hong Kong Stock Exchange made it a pioneer among local financial enterprises in entering the international capital market in Guizhou, which significantly boosted the market influence and brand effect of the Bank and strengthened the momentum to the high-quality development of the Bank. III. Maintaining high-quality development trends in businesses. Firstly, its assets size hiked steadily. For the year ended 31 December 2019, its total assets reached RMB409,389 million and the market share jumped by 19.98%. Its deposits from customers amounted to RMB260,266 million, up by 18.26% year on year. Its total loans and advances to customers was RMB179,868 million, up by 28.35% year on year. Secondly, the antirisk ability has been improving. The NPL ratio was 1.18%, representing a decrease of 0.18 percentage point as compared with the beginning of the year. The allowance coverage ratio was 324.95%, representing an increase of 81.23 percentage points as compared with the beginning of the year and a leading level among urban commercial banks across the country. Thirdly, the profitability has been significantly enhanced. In 2019, it realized a net profit of RMB3,564 million, representing an increase of 23.89% as compared to the beginning of the year. As at the end of the Reporting Period, its return on total assets and return on average equity were 0.95% and 12.01%. IV. Making smooth progress in technology construction. It initiated sub-systems, the construction of a newgeneration information system, and put 28 projects into operation. With key systems such as core, counter, credit and payment under development, the Bank is steadily advancing towards the target of building a national first-class modern urban commercial bank and a FinTech model. It vigorously advanced digital construction with the big data fundamental software, development platform, machine learning platform and risk control platform successfully put into operation and breakthroughs achieved in FinTech transformation. It completed 628 development tasks and introduced the white list for online loans, Meituan co-branded card, intelligent parking, education ecosystem, bank-hospital pass and other products and rapidly and efficiently responded to business demands. V. Achieving steady improvement in management efficiency. The Bank incorporated all regulatory and rating indicators into all sectors, sections and processes in operation and management. In 2019, all regulatory indicators on regulation met the standards and have been increasingly optimized. The Bank adjusted and optimized its asset input and structure and made detailed arrangements on assets and liabilities to gradually conduct scientific asset and liability management. The phase-I management accounting system, the procurement system and the account reporting system have been put into operation and the financial management became increasingly refined. It initiated the intelligent construction of business outlets and offices. It conducted 32 counter businesses without filling forms and the operation management gradually became intelligent. It created 7 national-level star outlets, ranking the first in the industry across the province. All regulatory indicators have been continuously met with the internal control management system further improved. The Bank firstly developed and applied the “AI Hawk-Eye Safety Risk Alarming System” in the financial industry in the province, firstly established the database on anti-fraud fugitives and firstly advanced the project on safety brand construction. All these efforts further consolidated the basis for the safe operation of the Bank. VI. Recording remarkable results in overall risk management. The Bank adhered to “sound and prudent” risk preferences and continuously improved the credit system. The planning on new capital agreements was successfully completed with the bank-wide risk preference indicator base established and improved and the overall risk management framework preliminarily developed. It completed the development of systems such as “scoring model”, “strategic planning” and “asset pool assignment model” and the internal rating on retails was officially put into operation. Non-retail rating programs were under orderly progress and the development and testing of the interbank rating model has been completed. It has gradually transformed the risk management model from being “experience-based” to being “measurement-based”. Prospects: What’s past is prologue. 2020 is the beginning of the next decade. The Bank will take strategic planning as the lead, transformation development as the driving force, risk prevention and control as the starting point and financial technology as the support, strive to support the real economy, prevent and control financial risks with full efforts, improve service quality and efficiency continuously, strive to provide customers with more high-quality and efficient financial services, strive to promote sustainable high-quality development of Bank of Guizhou, and return to shareholders and the society with excellent performance.

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.