The Hong Kong Exchanges and Clearing Limited and the stock exchange of Hong Kong Limited shall not be responsible for the contents of this announcement, nor make any statement on its accuracy or completeness, and expressly state that they shall not be liable for any loss arising from the whole or any part of this announcement or reliance on such contents.
CHINA ZHESHANG BANK CO., LTD.
Zheshang Bank Co., Ltd
(a company limited by shares incorporated in the people’s Republic of China)
(Stock Code: 2016)
(preferred stock code: 4610)
2021 annual performance announcement
The board of directors of Zheshang Bank Co., Ltd. (“the bank”) hereby announces the audited results of the bank for the year ended December 31, 2001. This announcement sets out the full text of the bank’s 2021 annual report and meets the requirements of the information attached to the preliminary announcement of annual results in the Securities Listing Rules of the stock exchange of Hong Kong Limited (“Stock Exchange”). Release the annual performance announcement and annual report. The Chinese and English versions of this performance announcement can be found on the bank’s website (www.czbank. Com) And the website of the stock exchange (www.hkex. Com.. HK). In case of any ambiguity in the understanding of the Chinese and English texts, the Chinese texts shall prevail. The printed version of the bank’s 2021 annual report will then be sent to the bank’s H-share shareholders and can be posted on the bank’s website at that time (www.czbank. Com) And the website of the stock exchange (www.hkex. Com.. HK).
Accept the order of the board of directors
China Zheshang Bank Co.Ltd(601916) Zhang Rongsen
Executive director and President
Hangzhou, China, March 29, 2022 as of the date of this announcement, the executive directors of the bank are Mr. Zhang Rongsen, Ms. Ma Hong and Mr. Chen Haiqiang; The non-executive directors are Mr. Hou Xingchuan, Mr. Ren Zhixiang, Ms. Gao Qinhong, Mr. Hu Tiangao and Mr. Zhu Weiming; The independent non-executive directors are Mr. Zheng Jindu, Mr. Zhou Zhifang, Mr. Wang Guocai, Mr. Wang Wei and Mr. Xu Yongbin. Important note: the board of directors, the board of supervisors, directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. The fourth meeting of the sixth board of directors of the company deliberated and adopted the China Zheshang Bank Co.Ltd(601916) 2021 annual report and summary on March 29, 2022. The company actually has 13 directors and 12 directors attended in person. Mr. Wang Wei entrusted Mr. Zhou Zhifang to attend the meeting. The number of participants met the provisions of the company law of the people’s Republic of China and the articles of association. Eight supervisors of the company attended the meeting as nonvoting delegates. The company’s auditors KPMG Huazhen Certified Public Accountants (special general partnership) and KPMG certified public accountants have respectively audited the 2021 financial report prepared by the company in accordance with Chinese accounting standards and international financial reporting standards, and issued standard unqualified audit reports respectively. Unless otherwise specified, the currency of this report is RMB. Certain amounts and percentages contained in this report have been adjusted for rounding. The difference between the total amount and the total amount in any table is due to rounding. According to Article 18 of the measures for the administration of securities issuance and underwriting of the CSRC and the relevant regulatory Q & A provisions, if a listed company issues securities with a profit distribution plan or a plan for converting provident fund into share capital that has not been submitted to the general meeting of shareholders for voting, or has not been implemented despite the vote of the general meeting of shareholders, it shall issue after the implementation of the plan. After considering the process of the company’s share allotment, future development and the interests of all shareholders, it is recommended not to distribute common stock dividends or convert capital reserve into share capital in 2021. At the same time, in order to ensure a reasonable return on investment and implement a stable dividend distribution policy, the company will consider dividend distribution according to the allotment process. Zhang Rongsen, the president of the company (acting as the chairman), Liu long, the person in charge of finance, and Jing Feng, the person in charge of financial institutions, guarantee the authenticity, accuracy and completeness of the financial report in the annual report. Please refer to the “management discussion and analysis – risk management” section of this report for the main risks faced by the company and the measures to be taken. Forward looking statements such as the company’s future plans in this report do not constitute the company’s substantive commitment to investors. Investors and relevant persons should maintain sufficient risk awareness and understand the differences between plans, forecasts and commitments.
interpretation
The company, the bank, our bank, China Zheshang Bank Co.Ltd(601916) : China Zheshang Bank Co.Ltd(601916)
China Banking and Insurance Regulatory Commission: Bank Of China Limited(601988) Insurance Regulatory Commission
China Securities Regulatory Commission: China Securities Regulatory Commission
Stock exchange of Hong Kong: stock exchange of Hong Kong Limited
Securities and Futures Ordinance: Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong)
Hong Kong Listing Rules: rules governing the listing of securities on the stock exchange of Hong Kong Limited
Standard Code: the standard code for securities transactions by directors of listed issuers in Appendix 10 of the Hong Kong Listing Rules
Zheyin leasing: zheyin Financial Leasing Co., Ltd. is a holding subsidiary of the company, and the company accounts for 51% of the shares
The group: the company and its subsidiaries
2021 annual report 001
Speech by Party Secretary
2021 is a key year for relay exploration and continuous struggle at a new historical starting point.
Over the past year, with the concern and support of the majority of investors and all sectors of society, China Zheshang Bank Co.Ltd(601916) resolutely implemented the decision-making and deployment of the Party committee, government and regulatory authorities, guided by the vision of “first-class commercial bank”, adhered to the overall goal of “two most”, deeply implemented the platform service strategy, and created a new situation in which the five business sectors went hand in hand and served the real economy to a higher level. From the main indicators, the trend of “stability” continues; From the perspective of business structure, the intensity of “advance” is increasing; From the perspective of development kinetic energy, “new” kinetic energy is growing; From the perspective of development quality, “good” factors are accumulating.
In the past year, we have focused on the main responsibility and main business. We continued to promote the upgrading of platform products and service models from generation to generation, serving more than 39000 core enterprises in the supply chain of the industrial chain and their upstream and downstream customers, and accurately assisted in the stable upgrading of the supply chain of the industrial chain. The launch of the “spark plan” special action for the manufacturing industry and the introduction of the “specialized and special new” special credit policy have achieved remarkable results in supporting the high-quality development of the manufacturing industry. Throughout the year, the increment of inclusive small and micro enterprise loans reached a record high, deepened the promotion of talent banking services, and the proportion of private enterprise loans continued to rank in the forefront of national banks. Adhere to the deep cultivation of Zhejiang, deeply implement the upgraded version of the smooth financing project, strengthen the construction of Zhejiang base camp, and the total amount of financing in the province continues to grow. A special working class for 26 counties in mountainous areas of Zhejiang was established to actively connect with the action of “expanding the middle and raising the low” in the province, serve the high-quality development of Zhejiang and build a demonstration area of common prosperity. We strictly implemented the national policy of “housing without speculation”, prospectively reduced the exposure of real estate credit, and fully achieved the regulatory indicators of real estate loans.
Over the past year, we have been brave in reform and reconstruction. Smoothly complete the change of the board of directors, adjust and enrich the senior management, and comprehensively improve the performance ability of the board of directors and senior management. Study and formulate the China Zheshang Bank Co.Ltd(601916) “fourth five year plan” (20212025), provide an action program for the next five years, and strictly supervise the implementation of the head office departments and branches. Orderly promote the top-level design and overall coordination of major reforms, continuously straighten out the bank wide institutional setting management system, and constantly stimulate the innovation vitality of system and mechanism. We successfully issued 25 billion yuan of perpetual bonds, and the subscription multiple of the whole market hit a new high of similar bonds in the same period. Our capital strength was consolidated in line with the trend. Actively integrate into the overall situation of digital reform in Zhejiang, build a top-level structure of China Zheshang Bank Co.Ltd(601916) “1 + 5 + n” digital reform, and innovate to create a series of “hard core” achievements of digital finance.
002 China Zheshang Bank Co.Ltd(601916)
Speech by Party Secretary
Over the past year, we have focused on deepening reform. We will deepen the structural reform of the financial supply side, promote the coordinated development of the five business sectors, and achieve double-digit growth in asset scale, operating income and profit before provision. Inefficient assets and high interest liabilities decreased in an orderly manner, the net interest margin continued to improve, and the business structure continued to be optimized. Positive progress has been made in the net worth transformation of financial services, and the rectification of stock financial assets has achieved the expected results. The comprehensive risk management system was improved, and the asset quality showed a good trend. The activity of “year of internal control and compliance management construction” was carried out. Significant progress was made in “reshaping ideas, rebuilding systems and reengineering processes”, and major cases and major operational risks continued to be zero. 2022 is the key year for the country to implement the 14th five year plan, and it is also the year for China Zheshang Bank Co.Ltd(601916) to seize the momentum to build a “first-class commercial bank”. Facing the new situation, new tasks and new challenges, we will take the vision of “first-class commercial banks” as the guide, take digital reform as the main line, take deep cultivation in Zhejiang as the first priority, take stability as the first priority, comprehensively build a five character political ecology of “integrity, simplicity, expertise, coordination and honesty”, promote the coordinated development of five business sectors, build a comprehensive financial service model, build a large supervision system, enhance the ability of risk prevention and disposal, raise integrity, consolidate the foundation Shape the image, comprehensively open a new journey of high-quality development, truly build a bank of Zhejiang merchants and Zhejiang people, and greet the 20th CPC National Congress and the 15th CPC Congress of Zhejiang Province with excellent achievements! In 2022, our journey will be like a rainbow, moving forward hand in hand!
Party secretary
Lu Jianqiang
March 29, 2022
President’s speech
2021 is the historical intersection of “two centenaries”. With the development vision of “building a first-class commercial bank” and guided by the 12 character business policy of “increasing scale, adjusting structure, controlling risks and creating benefits”, our business performance has been significantly improved, creating a new pattern of coordinated development of five business blocks. At the end of 2021, the group’s total asset balance was 2286.7 billion yuan, an increase of 11.6% over the beginning of the year. The growth of deposits and loans in the second half of the year obviously caught up with the level in the first half of the year; The annual operating revenue was 54.58 billion yuan, an increase of 2.69 billion yuan in the second half of the year compared with the first half of the year, an increase of 14.3% and the growth rate ranked among the top in the stock industry. The development trend of the whole bank is stable and good, and strides forward on the main track of the joint-stock bank.
This year, we adhered to both “expanding the area of cultivated land” and “improving the yield of grain per mu”, and took the road of connotative development. We insist on serving customer needs as the center, “cutting watermelon, picking peaches and picking sesame”, and implement the customer strategy of “active participation of large customers, mutual support of medium-sized customers, and accumulation of sand for small enterprises and retail customers”. We implement the new business philosophy of “the most economical capital and the most considerable benefits”, the asset scale of “controllable risk and considerable income”, the liability scale of “real, stable and low cost”, and the transaction, sales and circulation scale of “zero consumption and low consumption of capital”. In 2021, the interest payment rate of our bank decreased by 15bps compared with the previous year, the international settlement volume doubled year-on-year, exceeded US $200 billion, the sales of financial assets exceeded 150 billion yuan, and the non interest income increased by 18%. This year, we gathered development consensus and worked hard to create a new pattern of coordinated development of five business sectors. The large retail sector is the “ballast” of our high-quality development and the first sector in front. We adhere to small amount dispersion and Wuxi Online Offline Communication Information Technology Co.Ltd(300959) simultaneous development; By the end of 2021, the proportion of Pratt & Whitney small and micro loans continued to maintain the leading position in the stock bank. The large company sector is the “backbone” of the bank to increase revenue and profit. It is the main battlefield to expand the basic customer base. We optimize and improve the platform service advantage and service industry chain
