Jinwu Financial News | Dongguan Agricultural Commercial Bank (09889) announced that in 2023, it recorded net profit attributable to the bank's shareholders of 5.161 billion yuan, a year-on-year decrease of 12.99%. The basic income per share is $0.75, and the bank pays a cash dividend of 2.65 yuan (tax included) for every 10 shares to shareholders.
During the period, net profit was recorded at 5.346 billion yuan, a decrease of 737 million yuan from the same period last year, a decrease of 12.11%. The main reason was that operating income grew slowly due to factors such as market interest rates maintaining a downward trend and policy-guided finance continuing to benefit the real economy. At the same time, increased reserve planning efforts to enhance risk defense capabilities.
During the period, revenue recorded 13.26 billion yuan, a slight increase of 0.18% year on year; net interest income recorded 10.572 billion yuan, down 3.3% year on year. Interest spreads declined mainly due to the bank's preferential policies supporting the real economy and the reduction in LPR interest rates (loan market quoted interest rates).
During the period, the total assets of the Group were 708.854 billion yuan, an increase of 51,164 billion yuan over the beginning of the year, an increase of 7.78%. The balance of various deposits was 487.095 billion yuan, an increase of 27.932 billion yuan over the beginning of the year, or 6.08%. The balance of various loans was 355,073 billion yuan, an increase of 23.076 billion yuan over the beginning of the year, an increase of 6.95%. The scale of assets grew steadily, and efforts to serve the real economy continued to strengthen.
During the period, the Group's non-performing loan ratio was 1.23%, and the provision coverage ratio was 308.30%. The capital adequacy ratio and Tier 1 capital adequacy ratio were 15.85% and 13.65% respectively. The capital adequacy ratios at all levels were superior to regulatory standards, and the overall risk was stable and manageable.