Zhangjiagang Bank (002839) issued a notice on November 22nd, 2021: Wang Jian Chen Junliang of Guoxin Securities and he Yi Zhang Ying of China Merchants Bank investigated our company on November 19, 2021.
The main contents of this survey are as follows:Q: under the downward macroeconomic pressure, what is the asset quality of your bank's small and micro business? And what is the risk control system in general?
A: while maintaining steady and rapid development of our small and micro business, we continue to strengthen risk control measures and maintain good asset quality, and the defect rate control has been less than 1%, which is the same as that of the same industry. In terms of risk control measures, we should strictly control the source of business before the loan, clarify the use of the loan, carry out cross-review and examination and approval in accordance with the credit management method, verify the authenticity of the customer's identity and operation, and analyze the stability of short-term and medium-and long-term operations. focus on the verification of soft information in the side investigation; regular inspection of abnormal customers in the middle of the loan, timely early warning and repair of overdue customers, etc. In the post-loan link, our risk early warning system runs through data, such as other bank credit cards, timely reminders of overdue loans, matching different early warning signals, and hierarchical post-loan management, which is helpful to the accurate response of customer managers' risk early warning. In addition, by strengthening the construction of intelligent risk control platform, we build a digital decision-making platform around small and micro business, comprehensively enhance the risk control system, online loan business conducts risk assessment based on tax, industry and commerce, credit information, judicial, provident fund and other data, and optimizes risk monitoring mechanism by using biometric, OCR identification, equipment anti-fraud, digital certificate, big data, model platform, password control, network security and other technologies.
Q: what is the current situation of deposit competition and how does your bank deal with it? What is the trend and forecast of the debt-side cost rate for the whole year and next year? Taken together, how do you view the trend of net interest margin this year and next year?
A: in the fourth quarter, a new round of deposit competition has been launched one after another, and the collection and collection of deposits is the focus of competition among various financial institutions. Our bank has begun to strengthen the collection and storage organization through all kinds of activities, labor competitions and so on. With the gradual appearance of the impact of the adjustment of the central bank's deposit interest rate pricing mechanism in the first half of this year, it is expected that the interest payment costs on the subsequent debt side will stabilize; on the asset side, as the LPR interest rate has not been adjusted for many times in a row, the recent downward trend of new lending rates has gradually narrowed. From a prudent point of view, it is expected that the future net interest margin will still decline within a narrow range in a short period of time, but it will generally stabilize.
Zhangjiagang Bank's main business: corporate business, personal business, financial market business
According to the third quarterly report of Zhangjiagang Bank in 2021, the company's main income was 3.431 billion yuan, up 10.66% from the same period last year; the net profit was 975 million yuan, up 26.97% from the same period last year; and the non-net profit was 941 million yuan, up 27.62% from the same period last year. Among them, in the third quarter of 2021, the company's main income in a single quarter was 1.206 billion yuan, up 23.04% from the same period last year; and the net profit in a single quarter was 379 million yuan, up 37.89% from the same period last year. The non-net profit in a single quarter was 357 million yuan, up 34.22% from the same period last year; the debt ratio was 91.23%, and the investment income was 565 million yuan.
A total of nine institutions have rated the stock in the last 90 days, with six buying ratings and three overweight ratings; the average institutional target price has been 7.39 in the past 90 days; the net financing outflow in the past three months has been 2.0275 million, and the financing balance has decreased; the net inflow of securities has increased by 3.9799 million. According to the Securities Star valuation analysis tool, Zhangjiagang Bank (002839) has a good company rating of 2.5 stars, a good price rating of 4 stars, and a comprehensive valuation rating of 3 stars. (rating range: 1-5 stars, up to 5 stars)