BANK OF ZHENGZHOU CO., LTD. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Bank of Zhengzhou Co., Ltd.*
鄭州銀行股份有限公司*
(A joint stock company incorporated in the People's Republic of China with limited liability)
(H Shares Stock Code: 6196)
(Preference Shares Stock Code: 4613)
THIRD QUARTERLY REPORT OF 2021
The board of directors (the "Board") of Bank of Zhengzhou Co., Ltd.* (the "Bank") hereby announces the unaudited third quarterly results of the Bank and its subsidiaries for the nine months ended 30 September 2021 (the "Reporting Period"), which was prepared in accordance with the International Financial Reporting Standards ("IFRS"). This announcement is made in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
By order of the Board
Bank of Zhengzhou Co., Ltd.*
WANG Tianyu
Chairman
Zhengzhou, Henan, China
29 October 2021
As at the date of this announcement, the Board comprises Mr. WANG Tianyu, Mr. SHEN Xueqing and Mr. XIA Hua as executive directors, Mr. JI Hongjun and Mr. WANG Shihao as non-executive directors, Mr. XIE Taifeng, Mr. WU Ge, Ms. CHAN Mei Bo Mabel and Ms. LI Yanyan as independent non-executive directors.
- The Bank is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.
1
IMPORTANT NOTICES
- The Board, the board of supervisors, directors, supervisors and senior management of the Bank warrant the truthfulness, accuracy and completeness of the contents of this third quarterly report of 2021 of the Bank (the "Report"), and that there are no false representations or misleading statements contained in or material omissions from the Report, and they jointly and severally accept responsibility for the Report.
- Financial information set out in the Report has been prepared in accordance with the IFRS. Unless otherwise specified, the financial information contained herein was derived from the consolidated financial statements of the Bank and its subsidiaries, i.e. Henan Jiuding Financial Leasing Co., Ltd., Fugou Zhengyin County Bank Co., Ltd., Xinmi Zhengyin County Bank Co., Ltd., Xunxian Zhengyin County Bank Co., Ltd. and Queshan Zhengyin County Bank Co., Ltd. (collectively, the "Group" or "Bank").
- Mr. WANG Tianyu, the legal representative of the Bank and chairman of the Board, Mr. SHEN Xueqing, the president, Mr. FU Chunqiao, the person-in-charge of accounting, and Ms. GAO Chenxin, the head of accounting department of the Bank hereby declare and warrant the truthfulness, accuracy and completeness of the financial statements in the Report.
- The quarterly financial report of the Bank has not been audited.
2
- MAJOR FINANCIAL DATA
-
Major accounting data and financial indicators
During the Reporting Period, unless otherwise specified, the Bank is not required to make retrospective adjustments to or restatements of the accounting data of the previous years.
Unit: RMB'000 | ||||
Increase/decrease | Increase/decrease | |||
as compared | as compared | |||
with the | with the | |||
corresponding | corresponding | |||
July to | period of the | January to | period of the | |
September | previous year | September | previous year | |
Item | 2021 | (%) | 2021 | (%) |
Operating income(1) | 3,485,826 | 8.07 | 10,430,690 | (4.36) |
Net profit attributable to shareholders | ||||
of the Bank | 877,943 | 0.36 | 3,331,814 | 1.19 |
Net cash flows used in operating activities | (20,282,583) | 193.09 | (25,846,390) | 4,210.59 |
Net cash flows used in operating activities | ||||
per share (RMB/share) | (2.70) | 154.72 | (3.44) | 3,722.22 |
Basic earnings per share (RMB/share) (2) | 0.12 | (7.69) | 0.44 | (13.73) |
Diluted earnings per share (RMB/share) (2) | 0.12 | (7.69) | 0.44 | (13.73) |
Weighted average return on net assets (%) | 8.77 | Decreased by | 11.51 | Decreased by |
(on annualised basis)(2) | 1.92 percentage | 2.21 percentage | ||
points | points |
Notes:
- Operating income includes net interest income, net fee and commission income, net trading gains, net gains arising from investments and other operating income.
-
Basic earnings per share, diluted earnings per share and weighted average return on net assets were all calculated according to Compilation Rules for Information Disclosures by Companies that Offer Securities to the Public (No.9): Calculation and Disclosure of Rate of Return on Equity and Earnings per Share (2010 Revision).
During the Reporting Period, the Bank did not distribute dividends of the offshore preference shares. No dividend of the offshore preference shares had to be deducted from the net profit attributable to shareholders of the Bank, and net proceeds raised from the offshore preference shares issuance were deducted from the weighted average net assets. - According to the requirements of the Notice on Strictly Implementing Accounting Standards for Business Enterprises and Effectively Enhancing the 2020 Annual Reports of Enterprises (Cai Kuai [2021] No. 2) jointly issued by the Ministry of Finance of the People's Republic of China, State-owned Assets Supervision and Administration Commission of the State Council, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission, the Bank has re-classified the income from credit card repayment by instalments from fee and commission income to interest income since 2020, and restated the figures for the corresponding period.
3
Unit: RMB'000 | |||
Increase/ | |||
decrease as | |||
compared with | |||
the end of the | |||
30 September | 31 December | previous year | |
Scale indicators | 2021 | 2020 | (%) |
Total assets | 561,961,906 | 547,813,444 | 2.58 |
Loans and advances to customers | |||
Corporate loans and advances to customers | 191,524,004 | 156,954,032 | 22.03 |
Personal loans and advances to customers | 75,249,866 | 67,328,937 | 11.76 |
Discounted bills | 15,826,305 | 13,676,221 | 15.72 |
Gross loans and advances to customers | 282,600,175 | 237,959,190 | 18.76 |
Add: Accrued interests | 1,293,240 | 1,046,446 | 23.58 |
Less: Provision for impairment losses(1) | 8,408,297 | 7,755,623 | 8.42 |
Book value of loans and advances to customers | 275,485,118 | 231,250,013 | 19.13 |
Total liabilities | 512,007,929 | 501,841,523 | 2.03 |
Deposits from customers | |||
Corporate deposits | 164,138,179 | 175,669,237 | (6.56) |
Personal deposits | 113,396,581 | 107,774,562 | 5.22 |
Other deposits(2) | 35,331,587 | 30,786,621 | 14.76 |
Total deposits from customers | 312,866,347 | 314,230,420 | (0.43) |
Add: Accrued interests | 2,512,215 | 2,282,315 | 10.07 |
Book value of deposits from customers | 315,378,562 | 316,512,735 | (0.36) |
Share capital | 7,514,125 | 7,514,125 | - |
Shareholders' equity | 49,953,977 | 45,971,921 | 8.66 |
Including: Equity attributable to | |||
shareholders of the Bank | 48,356,062 | 44,494,897 | 8.68 |
Equity attributable to ordinary | |||
shareholders of the Bank | 40,530,554 | 36,669,389 | 10.53 |
Net assets per share attributable to ordinary | |||
shareholders of the Bank (RMB/share) | 5.39 | 4.88 | 10.45 |
Notes:
- Provision for impairment losses excludes provision for impairment losses on forfeiting and discounted bills, which is included in other comprehensive income.
- Other deposits include pledged deposits, remittances outstanding and temporary deposit.
4
-
Explanations on differences between consolidated financial statements prepared in accordance with China Accounting Standards for Business Enterprises and IFRSs
There are no differences between the net profit attributable to shareholders of the Bank for the Reporting Period ended 30 September 2021 and the equity attributable to shareholders of the Bank as at the end of the Reporting Period as presented in the Group's consolidated financial statements prepared under China Accounting Standards for Business Enterprises and those prepared under IFRSs.
(III) Supplementary financial indicators
30 | 31 | 31 | 31 | ||
Regulatory | September | December | December | December | |
Regulatory indicators | standards | 2021 | 2020 | 2019 | 2018 |
Core tier-one capital | |||||
adequacy ratio (%) (1) | ≥7.5 | 9.62 | 8.92 | 7.98 | 8.22 |
Tier-one capital adequacy ratio (%) (1) | ≥8.5 | 11.51 | 10.87 | 10.05 | 10.48 |
Capital adequacy ratio (%) (1) | ≥10.5 | 13.56 | 12.86 | 12.11 | 13.15 |
Leverage ratio (%) (2) | ≥4 | 7.37 | 6.63 | 6.34 | 6.79 |
Liquidity ratio (%) (2) | ≥25 | 47.19 | 70.41 | 56.44 | 56.39 |
Liquidity coverage ratio (%) (2) | ≥100 | 179.09 | 353.94 | 300.37 | 304.42 |
Non-performing loan ratio (%) (3) | ≤5 | 1.95 | 2.08 | 2.37 | 2.47 |
Allowance to non-performing | |||||
loans (%) (3) | ≥150 | 156.62 | 160.44 | 159.85 | 154.84 |
Allowance to total loans (%) (3) | ≥2.5 | 3.05 | 3.33 | 3.79 | 3.82 |
Loan to deposit ratio (%) (2) | 98.07 | 82.63 | 72.33 | 66.06 | |
Return on total assets (%) | |||||
(on annualised basis) | 0.83 | 0.63 | 0.70 | 0.69 | |
Cost-to-income ratio (%) (4) | 20.03 | 22.53 | 26.62 | 28.06 |
Notes:
- The capital adequacy ratios and relevant data are calculated by the Bank in accordance with the Administrative Measures for the Capital of Commercial Banks (Trial Implementation) issued by the former China Banking Regulatory Commission (hereinafter referred to as "Former CBRC") in 2012 and relevant requirements and based on statutory financial statements prepared under the Accounting Standards for Business Enterprises.
- Among the above regulatory indicators, leverage ratio, liquidity ratio, liquidity coverage ratio and loan to deposit ratio are all data reported to the regulatory departments.
- Non-performingloan ratio was calculated by dividing total non-performing loan principal (excluding accrued interests) by gross loans and advances to customers (excluding accrued interests); the allowance to non-performing loans was calculated by dividing allowance for impairment losses on loans and advances to customers by total non-performing loan principal (excluding accrued interests); and the allowance to total loans was calculated by dividing allowance for impairment losses on loans and advances to customers by gross loans and advances to customers (excluding accrued interests).
- Calculated by dividing operating expenses (after deducting tax and surcharges) by operating income.
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Bank of Zhengzhou Co. Ltd. published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 10:06:08 UTC.
