Industrial Bank Co.Ltd(601166) : important tips for the full text of the annual report in 2021
The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities.
The fifth meeting of the 10th board of directors of the company was held on March 24, 2022. There were 13 directors who should attend the meeting and 13 directors actually attended the meeting, of which 9 directors attended the meeting at the main venue in Fuzhou and the venue in Beijing, and 4 directors including Chen Jinguang, Su Xijia, Ben Shenglin and Qi Yuan attended the meeting by video access. The annual report and summary of 2021 were deliberated and adopted.
The financial data and indicators contained in this annual report are prepared in accordance with the Chinese accounting standards for business enterprises. Unless otherwise specified, they are consolidated statement data, and the monetary unit is presented in RMB.
The 2021 financial report of the company was audited by KPMG Huazhen Certified Public Accountants (special general partnership) in accordance with the auditing standards for Chinese certified public accountants, and issued an unqualified audit report.
LV Jiajin, chairman of the board of directors of the company, Tao Yiping, President of the company, and Lai Furong, head of the financial institution, guarantee the authenticity, accuracy and completeness of the financial report in the 2021 annual report.
The dividend distribution plan for ordinary shares in the reporting period considered by the board of directors: it is proposed to distribute a cash dividend of 10.35 yuan (including tax) for every 10 ordinary shares based on the total share capital of 20774190751 shares.
Dividend distribution plan for preferred shares: the total par value of "xingyeyou 1" preferred shares is 13 billion yuan, and it is proposed to distribute 722 million yuan of dividends in 2021 (annual dividend rate of 5.55%); The total par value of "xingyeyou 2" preferred shares is 13 billion yuan, and it is proposed to pay a dividend of 602 million yuan in 2021 (with an annual dividend rate of 4.63%); The total par value of "xingyeyou 3" preferred shares is 30 billion yuan, and it is proposed to pay a dividend of 1.47 billion yuan in 2021 (annual dividend rate of 4.90%).
Please carefully read the full text of this annual report. The outlook and forward-looking statements on the future financial situation, operating performance, business development and business plan involved in this report do not constitute the company's substantive commitment to investors. Investors are reminded to pay attention to investment risks. The board of directors of the company specially reminds investors that the company has described the risk factors in detail in this report. Please refer to the contents on various risks and risk management in Chapter III "management discussion and analysis".
Chairman's speech
Holding the baton of Industrial Bank Co.Ltd(601166) career development in the year of the intersection of "two hundred years" history, I feel deeply lucky and responsible in life. We sincerely thank all sectors of society for their concern and love and the unity and hard work of more than 60000 cadres and employees. We have obtained the first report card on the way to the new examination: more than 1 million public customers and more than 10 trillion yuan of on balance sheet and off balance sheet assets; The non-performing loan ratio and non-performing loan balance continued to "double drop", and the loan allocation ratio and provision coverage ratio "double rise" again; Entering group 3 of China's systemically important banks, Mingsheng's ESG rating has remained the highest in Bank Of China Limited(601988) industry for three consecutive years; Loans exceeded 4 trillion yuan, and the growth rate of green loans, inclusive small and micro loans and medium and long-term manufacturing loans exceeded 40%.
In the face of achievements, we must pay tribute to history. Founded 34 years ago, from starting from scratch to Xingye today, Xingye password is hidden in the duet of "change" and "invariance". What remains unchanged is the original intention to "explore ways for financial reform and make more contributions to economic construction", which has become the source of all industrial spirit and passed on from generation to generation. What has changed is the concept. From the positioning of "picking up the leftovers and making up the deficiencies" to the vision of "first-class bank and hundred years of development", and from rapid progress to high-quality development, the vicissitudes of time and trend are behind it. Grasping the general trend and following the trend ensures that we can always seize big opportunities and avoid big risks.
"All history is contemporary history". With the advent of the new era, Xingye people have absorbed the nutrition of history, kept pace with the times, and gradually explored and formed a strategic system with "commercial banks + investment banks" as the core. After policy changes, market baptism and the impact of the epidemic, our strategy has shown strong vitality in spite of rain and wind. Adhering to the original intention, strengthening the new development concept and drawing a blueprint to the end is not only our responsible attitude towards history, but also the foundation for us to move forward dream by dream. Especially at present, China's systemically important banks have marked a new direction. We must bear in mind that the country is big, build a strong system concept, assume more responsibilities and run out of the acceleration of strategic implementation.
——We should focus on the "technology industry finance" modern economic new triangle cycle, improve the speed of direct financing, sink the focus of indirect financing, provide diversified and full cycle high-quality financial services for the real economy, promote scientific and technological innovation, the integration of primary, secondary and tertiary industries and the symbiosis of large, medium and small enterprises, promote the continuous optimization of customer structure and business structure, and lay a more solid foundation for development.
——We should focus on the key task of ecological civilization construction of "reducing pollution, reducing carbon and increasing green", take the pioneering mission of China's first equatorial bank, continue to lead the trend of green financial innovation, help turn green water and green mountains into golden mountains and silver mountains, and Gobi desert into golden beaches and silver beaches, so as to further polish our special advantages.
——We should focus on the value chain of "asset construction - Product Creation - product sales", continue to improve the system of large investment banks, large asset management and large wealth, make the source of value creation of the real economy and the source of people's funds converge, play a moving movement of industry excellence and people's wealth, and constantly expand new space for development.
We are also well aware that strategic transformation is a protracted war that can not wait but can not be rushed. The business world is full of stories about how small boats can turn around and elephants can't dance. It is the quickest path in the long journey to concentrate on doing your own things well.
——We should make every effort to accelerate the digital transformation. In the era of technological innovation and the interconnection of all things, the problem of information asymmetry has been greatly alleviated. The underlying logic of financial operation has shifted from three financial statements to the fourth data statement, from the law of large numbers to big data, and from the "28 law" to the "Long Tail Theory". Finance has gradually removed its cold face of resisting thousands of miles and become more inclusive and efficient. We should comprehensively build digital industrial development, build sub branch outlets on various consumer Internet and industrial Internet apps, integrate our financial services into more enterprise production and people's life scenes, and promote industrial integration, public-private integration and urban-rural integration.
——We should continue to promote the reform of systems and mechanisms. After months of brainstorming, we began to implement the organizational system reform of the three lines of science and technology, retail and enterprise finance, increase scientific and technological support with unprecedented strength, and promote public-private linkage with unprecedented determination. We urged the head office leaders to set up department functions across lines according to the division of strategic functions, encouraged the whole bank to establish various task-based agile organizations, constantly broke the "Department wall", "line wall" and "company wall" and improved organizational vitality.
——We should deeply develop the first resource of talents. Innovation is the life of our bank, and talent is the fundamental driving innovation. We actively build a learning organization, increase investment in education and training, and help employees continuously improve themselves and adapt to the era of rapid change. We have focused on key areas, vigorously optimized the talent structure, and implemented the 10000 scientific and technological talents plan, the 10000 green talents plan, the industry expert talents plan and the strategic force multiplication plan. The first batch of 2000 scientific and technological talents have arrived as promised. We continue to break the shackles of thinking, encourage initiative, encourage employees to creatively solve all kinds of practical problems in a compliant way, and make the classic repertoire of love fight and win widely spread.
——We should do a good job in production safety in an all-round way. The changing situation in the past century has continued to evolve, the shadow of the epidemic in the century has not disappeared, the market has soared and plummeted, and the cognition has been refreshed repeatedly. The risks are frequent, changeable and infectious. We should listen to the thunder in the silence. While doing a good job in traditional risk prevention and control, we should also do a good job in the stress test of various new risks, play a good first hand chess, play an active battle, strive to walk in front of the risk curve and hold the bottom line of no major risks. In the digital age, it is particularly necessary to maintain sufficient awe of scientific and technological risks, adhere to the ethics of science and technology for the good, constantly improve equipment, technology, models and algorithms, and spare no effort to protect the valuable assets of banks and the sacred rights and interests of customers. Looking back at history again, generations of trendsetters have made contemporary lucky ones; Looking to the future, today's dreamer is tomorrow's dreamer. We should adhere to Party building, lead high-quality development, seize the day and strive for good results, and live up to history, the times and the future.
Chairman: LV Jiajin
