On March 9, Ping An Bank Co.Ltd(000001) released the annual performance report of 2021, which opened the prelude to the disclosure of annual reports of listed banks.
As the first annual performance report of 42 A-share listed banks, the net profit of Ping An Bank Co.Ltd(000001) 2021 increased by 25.6% year-on-year, which won a "good start" for the disclosure of the 2021 annual performance report of listed banks.
Ping An Bank Co.Ltd(000001) released the annual report of 2021, which showed that the profitability was steadily enhanced last year and the asset quality remained stable. For the whole year of 2021, Ping An Bank Co.Ltd(000001) (Group caliber) achieved an operating revenue of 169383 billion yuan, a year-on-year increase of 10.3%; The net profit was 36.336 billion yuan, a year-on-year increase of 25.6%.
Thanks to the increase in net income from handling fees and commissions brought about by wealth management, wealth management and other businesses, the bank's non interest income increased rapidly last year, realizing a total non interest net income of 49.047 billion yuan, a year-on-year increase of 22.4%; It accounted for 28.96% of business income, with a year-on-year increase of 2.86 percentage points. The bank continued to promote the transformation and upgrading of retail business in 2021, and the retail business achieved an operating revenue of 98.237 billion yuan, a year-on-year increase of 8.4%; The retail business realized a net profit of 21.498 billion yuan, a year-on-year increase of 17.3%. By the end of 2021, Ping An Bank Co.Ltd(000001) had more than one million wealth customers, reaching 1099800, an increase of 17.7% over the end of 2020; Retail customer assets under management (AUM) amounted to 3.18 trillion yuan, a year-on-year increase of 21.3%.
By the end of 2021, Ping An Bank Co.Ltd(000001) total assets had reached 4.92 trillion yuan, an increase of 10.1% over the end of 2020. In terms of asset quality, by the end of 2021, its non-performing loan ratio was 1.02%, down 0.16 percentage points; The provision coverage rate was 288.42%, an increase of 87.02 percentage points, and the risk offset capacity was continuously enhanced. According to the annual report, Ping An Bank Co.Ltd(000001) last year, a total of 40.418 billion yuan of loans were written off; The total amount of non-performing assets recovered was 32.771 billion yuan, a year-on-year increase of 25.7%. Among them, 15.888 billion yuan of written off non-performing loans were recovered, and 98.70% of the non-performing assets were recovered in cash.
The first annual report of 2021 issued by listed banks performed well, which became an epitome of the recovery of overall profits of listed banks last year. As of press time, among all 42 A-share listed banks, including Ping An Bank Co.Ltd(000001) including, a total of 22 banks have disclosed the performance express in 2021. The net profit of all 22 banks achieved positive growth year-on-year in 2021, of which the net profit of 12 banks increased by more than 20% year-on-year.
" Ping An Bank Co.Ltd(000001) released this annual report, which is a good start for the subsequent disclosure of bank annual reports. The net profits of 22 banks that have disclosed the performance express have achieved positive growth year-on-year, indicating that it is a foregone conclusion that listed banks will achieve restorative growth in profits in 2021." LV Changshun, chief researcher of Shanghai Zhonghe Yingtai Financial Consulting Co., Ltd., told reporters that in the subsequent disclosure of the bank's annual report, the performance of high-quality urban commercial banks and joint-stock banks will be a bright spot. The annual report and performance express with frequent good news will boost the valuation of the banking sector in 2022.
