On April 15, Bank Of Hangzhou Co.Ltd(600926) released the annual report of 2021. According to the annual report data, since last year, the bank has faced the challenges of the economic and financial situation outside China, maintained strategic concentration, strengthened strategic transformation, deeply cultivated services for the real economy, deepened the construction of diversified profit centers, optimized its business structure, further improved its asset quality, and achieved a wonderful start to the five-year plan. At the same time, accelerate the secondary transformation on the track of “smarter, lighter, more refined and more specialized”, and strive to build differentiated advantages on the basis of balanced development.
better: optimize the structure while continuing the high growth of performance 2021 Bank Of Hangzhou Co.Ltd(600926) continued the development trend of high growth: profit performance was eye-catching . The annual operating revenue was 29.361 billion yuan, an increase of 18.36% over the same period last year; The net profit attributable to the shareholders of the company was 9.261 billion yuan, an increase of 29.77% over the same period of last year; The net non interest income was 8.325 billion yuan, a year-on-year increase of 50.44%. The net non interest income accounted for 28.36% of the operating income, an increase of 6.05 percentage points over the same period of the previous year, of which the net income from handling fees and commissions was 3.608 billion yuan, a year-on-year increase of 19.69%, and the net income from intermediary business accounted for 12.29% of the operating income, an increase of 0.14 percentage points over the same period of the previous year; Further promote the endogenous growth ability of profitability scale stable expansion assets totaled 1390565 billion yuan, an increase of 18.93% over the end of the previous year; Deposits and loans were 810658 billion yuan and 588563 billion yuan respectively, an increase of 16.14% and 21.69% respectively over the end of the previous year bad products hit new lows repeatedly NPL ratio dropped to 0.86% for 20 consecutive quarters, with provision coverage of 567.71%. The asset quality reached the better level of listed banks, and the provision level was in the leading position in the industry.
lighter: the transformation of light banks has been effective the new five-year strategy continues the transformation direction of light banks proposed during the previous round of planning. In 2021, the bank actively practiced the strategy of comprehensive operation and light capital flow, broke through the carry in of bond underwriting, strengthened the advantages of Treasury platform and continuously improved the linkage between investment and loan, and initially formed the four flow business pattern of bond, fund-raising, customer service and discount; In 2021, it underwritten 143445 billion yuan of various debt financing instruments, an increase of 98.50% over the same period of last year. Among them, Zhejiang Province has obvious regional advantages, with a market share of 11.97%, ranking among the top in the market of Zhejiang Province. The increase of asset securitization circulation was accelerated. Promote the implementation of the winning wealth strategy, constantly enrich the wealth management product system, strengthen the marketing organization, develop the wealth management business well, gradually develop the consignment business, and boost the rapid growth of intermediate business income. By the end of the year, the cumulative sales of retail wealth management products were 859214 billion yuan, a year-on-year increase of 12.93%, and the balance of consignment funds was 12.414 billion yuan, a year-on-year increase of 165.65%; The Commission for commission sales was 228 million yuan, a year-on-year increase of 73.22%. The customer service launched the online platform of “foreign exchange transaction”, innovated products such as “drop remittance” and “dual currency deposit”, and the derivative transaction volume of customer service was US $9.020 billion, a year-on-year increase of 108.73%.
more specialized: serving the real economy and improving the quality and efficiency 2021, the bank deepened its comprehensive business model around the customer business philosophy of “customer expansion and operation and product portfolio application”. Corporate finance uses financial technology to drive product and service innovation, and increases credit in key areas such as manufacturing, new urbanization, inclusive finance, science, technology, culture and innovation, green finance and strategic emerging industries. The balance of manufacturing loans at the end of the year increased by 30.03% compared with the end of the previous year; We operated the scientific innovation ecosystem in depth, promoted the “specialized and special new” financial services for small and medium-sized enterprises, and served 9165 scientific innovation customers, with a year-on-year increase of 15.52%; There are more than 1000 “specialized and special new” enterprise customers. More than 95% of the customers of science and innovation enterprises are private enterprises and more than 70% are small and micro enterprises. Serving the “double carbon” goal, the balance of green loans was 41.932 billion yuan, an increase of 10.449 billion yuan or 33.19% over the end of the previous year. Small and micro finance deeply cultivated the self-employed customer base. On the basis of continuously expanding the basic mortgage market, it actively developed credit small and micro enterprises and launched the implementation of the “Morning Star Plan” for credit small and micro enterprises. At the end of the year, the balance of “two increases and two controls” small and micro loans was 91.707 billion yuan, an increase of 20.86%; Actively respond to the call of Zhejiang Province to build a high-quality demonstration area for common prosperity, formulate an action plan and refine the target list, support the construction of infrastructure and characteristic industries for high-quality development, focus on the regional short board, accurately develop county finance, strengthen investment in key areas of Rural Revitalization around supporting agriculture and benefiting agriculture, and help regional economic and social development and the construction of common prosperity. The balance of agriculture related loans at the end of the year was 73.930 billion yuan, an increase of 15.302 billion yuan or 26.10% over the end of the previous year; Loans in 26 counties in mountainous areas totaled 15.724 billion yuan.
better: lean management helps smart growth in the process of business transformation, Bank Of Hangzhou Co.Ltd(600926) constantly honed its fine management ability, making the Transformation Road stable and far-reaching. During the year, the bank paid more attention to the construction of lean management capacity, continued to promote projects such as “double base” management and “three modernizations” construction, and focused on the implementation of special plans such as science and technology, human resources and outlets corresponding to the five-year strategic plan. Strengthen the hierarchical and classified management of outlets, and start the implementation of the “double thirty” plan for outlets of subordinate institutions; Asset liability management plays an overall role, and performance appraisal plays the role of “baton”; We will promote the market-oriented employment mechanism, promote the construction of the cadre echelon, strengthen the use of outstanding young cadres, make solid progress in the construction of the talent team, gradually establish a more effective incentive and restraint mechanism, and fully stimulate the motivation and vitality of entrepreneurship.
smarter: speed up the digital transformation financial technology is the key variable to break through the tradition and promote the transformation of business model. According to the annual report, the bank’s fintech and Internet operation, as the carrier of customer operation, the focus of customer acquisition and the means of risk control, highlighted the advantages of the combination of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) Wuxi Online Offline Communication Information Technology Co.Ltd(300959) .
At the same time, as a legal person bank headquartered in the highland of the national digital economy, Bank Of Hangzhou Co.Ltd(600926) has good location advantages in promoting digital transformation. It also actively integrates and serves the digital reform of state-owned assets and state-owned enterprises at all levels in the province, and strives to become a leader in the digital reform of financial services and the construction of “digital intelligence Hangzhou” in the province. Taking the trading bank as an example, the bank’s “finance and capital engine” enables digital government, outputs scientific and technological capabilities and solutions, and contributes to the construction of “smart state-owned assets”. During the period, the cumulative number of contracted customers increased by 69.65% year-on-year, and the number of transactions in various accounts was 1.5831 million, a year-on-year increase of 90.63%.
It is reported that Bank Of Hangzhou Co.Ltd(600926) takes digital intelligence empowerment as an important strategic positioning of the new five-year strategic plan, comprehensively promotes the construction of “digital intelligence Hangzhou bank” according to the “4 + 3 + 2” system, and focuses on building data integrators, business partners, innovation leaders and technology providers through the construction of 20 major projects, vigorously promotes digital innovation and large-scale operation transformation, and realizes the high-efficiency empowerment of financial technology on business and management.
