On March 21, Industrial Bank Co.Ltd(601166) announced that it had recently received the reply of Fujian Provincial People's Government on the free transfer of Industrial Bank Co.Ltd(601166) equity and agreed to transfer 3.512 billion Industrial Bank Co.Ltd(601166) ordinary shares held by Fujian Provincial Department of Finance (accounting for 16.91% of the total share capital of the bank) to Fujian Financial Investment Co., Ltd. (hereinafter referred to as Fujian Financial Investment Co., Ltd.) free of charge.
This equity change belongs to the free transfer of state-owned shares and does not touch the tender offer. This equity change will lead to the change of the company's largest shareholder from Fujian Provincial Department of finance to Fujian financial investment.
At present, Fujian Provincial Department of finance holds 3.915 billion Industrial Bank Co.Ltd(601166) ordinary shares, accounting for 18.85% of the total share capital of the bank; Fujian financial investment does not hold shares in the bank. After the above equity transfer, Fujian Provincial Department of finance still holds 403 million ordinary shares of the bank, accounting for 1.94%; Fujian financial investment will hold 3.512 billion ordinary shares of the bank, accounting for 16.91%.
It is understood that Fujian financial investment is a 100% holding subsidiary of Fujian Provincial Department of finance. Fujian Provincial Department of Finance and Fujian financial investment act in concert with each other in matters involving Industrial Bank Co.Ltd(601166) rights and interests. Before and after the transfer, the total number and proportion of shares held by Fujian Provincial Department of Finance and Fujian financial investment remain unchanged, and the bank still has no controlling shareholder.
In addition, this equity change still needs to be approved by the CBRC on the qualification of shareholders involved in this equity transfer, the compliance confirmation of Shanghai Stock Exchange, and go through the transfer registration and other procedures in the Shanghai Branch of China Securities Depository and Clearing Co., Ltd.
Industrial Bank Co.Ltd(601166) 2021 annual performance express shows that the bank achieved an operating revenue of 221236 billion yuan in 2021, a year-on-year increase of 8.91%; The net profit attributable to the shareholders of the parent company was 82.68 billion yuan, a year-on-year increase of 24.1%. By the end of 2021, the bank's total assets were 8.6 trillion yuan, an increase of 8.96% over the end of the previous year.
Asset quality continued to improve. By the end of 2021, the bank's non-performing loan ratio was 1.10%, down 0.15 percentage points from the end of the previous year; The provision coverage rate was 268.73%, an increase of 49.90 percentage points over the end of the previous year.
