Recently, Bank Of Zhengzhou Co.Ltd(002936) (hereinafter referred to as ” Bank Of Zhengzhou Co.Ltd(002936) “) disclosed the performance report of 2021.
According to the data, as of the end of the reporting period, the total assets of the bank were 574980 billion yuan, an increase of 4.96% over the end of the previous year; The total principal of deposits was 318813 billion yuan, an increase of 1.46% over the end of the previous year; The total principal of loans and advances was 289028 billion yuan, an increase of 21.46% over the end of the previous year.
In terms of profitability, during the reporting period, the bank realized an operating revenue of 14.801 billion yuan, a year-on-year increase of 1.33%; The net profit was 3.398 billion yuan, a year-on-year increase of 2.32%.
In terms of income structure, during the reporting period, the bank realized interest income of 25.565 billion yuan, an increase of 1.672 billion yuan or 7% over the previous year. In the same period, the bank’s non interest income was 2.852 billion yuan, a decrease of 515 million yuan or 15.32% over the same period of last year, accounting for 19.27% of its operating income. Among them, the net income from handling fees and commissions was 1.242 billion yuan, a decrease of 488 million yuan over the previous year; Other non interest income was 1.610 billion yuan, a decrease of 27 million yuan over the same period last year.
As for the decrease of non interest income, the bank said in its annual report: “the bank took the initiative to adapt to the new regulations of asset management and market changes, steadily promoted the transformation and upgrading of intermediary business, and achieved a net income of handling fees and commissions of 1.242 billion yuan, a decrease of 488 million yuan or 28.23% over the same period of last year. This was mainly due to the bank’s positive response to the regulatory policy of reducing fees and transferring profits and the reduction of the scale of agency custody business during the reporting period.”
It is worth noting that the interest margin of the bank narrowed. The annual report shows that the net interest margin of the bank in 2021 was 2.24%, down 0.22 percentage points from the same period of last year, and the net interest rate of return was 2.31%, down 0.09 percentage points from the same period of last year.
As for the main reasons for the decline of net interest margin and net interest yield, the bank pointed out in its annual report that first, the bank actively responded to national policies and took multiple measures to make profits to the real economy, resulting in a decline in the average yield of interest bearing assets over the same period of last year; Second, affected by the fluctuation of market capital cost, the average cost rate of interest payment liabilities increased over the same period of last year.
In terms of asset quality, as of the end of the reporting period, the balance of non-performing loans was 5.345 billion yuan, and the non-performing loan ratio was 1.85%, down 0.23 percentage points from the end of the previous year; The core Tier-1 capital adequacy ratio, Tier-1 capital adequacy ratio and capital adequacy ratio were 9.49%, 13.76% and 15.00% respectively, a significant increase of 0.57 percentage points, 2.89 percentage points and 2.14 percentage points respectively compared with the end of the previous year.
According to public information, Bank Of Zhengzhou Co.Ltd(002936) was established in November 1996, listed in Hong Kong in December 2015 and Shenzhen in September 2018. By the end of 2021, the bank had 176 branches in Henan Province, initiated the establishment of Jiuding financial leasing company, and managed 7 village banks in Zhongmou, Xinmi, Yanling, Fugou, Queshan, Junxian and Xinzheng; Bank Of Zhengzhou Co.Ltd(002936) ranked 228Th in the list of Top 1000 global banks in 2021 released by the British banker magazine, and 222 in the list of “top 500 Chinese service enterprises in 2021” released by the China Enterprise Federation and the China Entrepreneurs Association.
