On March 2, Bank Of Shanghai Co.Ltd(601229) released the performance express of 2021. During the reporting period, the group achieved good growth in revenue and profit, with an operating revenue of 56.230 billion yuan, a year-on-year increase of 10.81%; The net profit attributable to the shareholders of the parent company was 22.042 billion yuan, a year-on-year increase of 5.54%; The weighted average return on net assets was 11.80%.
In addition, the group's businesses have also achieved rapid development and its structure has been continuously improved. At the end of 2021, the total assets of the group were 2653199 billion yuan, an increase of 7.76% over the end of the previous year. The total amount of loans and advances to customers was 1223748 billion yuan, an increase of 11.44% over the end of the previous year, accounting for 46.12% of the total assets, an increase of 1.52 percentage points over the end of the previous year. The total amount of deposits was 1450430 billion yuan, an increase of 11.81% over the end of the previous year, accounting for 59.26% of the total liabilities, an increase of 2.15 percentage points over the end of the previous year. The asset quality remained stable, and the group's non-performing loan ratio was 1.25% at the end of 2021; The provision coverage rate is 301.13%, and the overall provision is sufficient.
In 2021, Bank Of Shanghai Co.Ltd(601229) adhered to the strategic guidance, actively implemented the national macro policy guidance, focused on the main responsibility and main business, promoted the transformation and development and structural adjustment, improved the level of serving the real economy, strengthened the professional operation ability, promoted the digital transformation, improved the risk control mechanism, achieved good business performance, and made a good start to the three-year development plan (20212023).
