Recently, Dongguan Agricultural and Commercial Bank of Dongguan (stock code: 9889.HK), the first local corporate financial institution in Dongguan, released its first annual "transcript" after listing.

The group's assets are close to 600 billion yuan, and the benefit, quality and scale develop harmoniously.

According to the data, by the end of 2021, the total assets of Dongguan Agricultural and Commercial Bank Group reached 593.361 billion yuan, the balance of various deposits reached 413.961 billion yuan, and the balance of loans reached 298.115 billion yuan. Operating indicators continued to hit a record high; operating income in 2021 was 12.996 billion yuan, an increase of 7.88 percent over the same period last year.

In terms of benefits, the group's net profit is 5.703 billion yuan, and the net profit belonging to the bank's shareholders is 5.59 billion yuan, an increase of 12.81% and 15.09% respectively over the same period last year; the average return on assets is about 1.00%, and the average return on equity is 12.87%. The profitability is remarkable and the operating efficiency continues to improve.

In terms of quality, at the end of 2021, the group's non-performing loan ratio was 0.84%, capital adequacy ratio was 16.29%, provision coverage ratio was 375.34%, and asset quality remained at an excellent level.

The business brand features are outstanding, and the service entity is significantly improved.

As the main financial force of agriculture, rural areas and farmers and the main force of local finance, Dongguan Agricultural and Commercial Bank of China has always adhered to the market position of supporting agriculture and supporting small farmers. According to the disclosure, Dongguan Agricultural and Commercial Bank took the lead in setting up a rural revitalization financial service center in Dongguan banking industry, focusing on the three main lines of "industrial revitalization of villages, beautiful villages and inclusive villagers" to promote rural revitalization of financial services. The bank innovatively launched the "133" project of rural revitalization financial services, the implementation of the "three major personnel" stationing system, and combined with the local folk characteristics, innovated and launched a series of "rural revitalization credit cards" featuring "one village, one card". With the hot "whole village credit" activities, the bank has realized that innovative products and services can directly reach the villagers of village enterprises, which has become a beautiful scenery for the revitalization of Dongguan banking service villages in 2021.

In the implementation of inclusive finance, the bank launched customized services around the "three-chain" customer group of "modern agriculture, rural areas and farmers", the "three chains" of advanced manufacturing and the "three innovation" customer group of small and medium-sized enterprises. By the end of 2021, the loan balance of the bank's "modern agriculture, rural areas and farmers" customers was 56.312 billion yuan, that of supporting manufacturing and related industries was about 39.379 billion yuan, and that of supporting small and medium-sized enterprises, "agriculture, rural areas and farmers" was about 2.498 billion yuan. At the same time, the bank continues to increase credit support for small and micro enterprises. By the end of 2021, the loan balance of the group's small and micro enterprises (the full caliber of the CBIC) reached 132.033 billion yuan.

Focusing on the convenience and benefit of the people, Dongguan Agricultural and Commercial Bank of China has made great efforts to deepen the transformation of retail services. In 2021, the bank issued a total of 583200 credit cards, retail customer base asset management (AUM) reached 242.993 billion yuan, technology enabled to promote the innovation and development of retail business and wealth business.

The digital transformation has been promoted in many ways, and there are many bright spots in science and technology.

Dongguan Agricultural and Commercial Bank actively complies with the development of digital economy, promotes digital transformation, embeds digitization into the whole life cycle of customer service, and creates greater value for customers. In 2021, Dongguan Agricultural and Commercial Bank set up a special digital transformation office to continuously deepen the construction of financial science and technology talent team, and continue to increase financial science and technology resources investment, the Group invested a total of about 514 million yuan in science and technology during the year, enabling business innovation and development.

Dongguan Agricultural and Commercial Bank also continues to build an open business ecology, through in-depth promotion of scene construction, efforts to create a complete online financial services ecosystem, multi-dimensional to meet the core customer "financial + non-financial" service needs. By the end of 2021, the cumulative number of users of the bank's personal mobile banking exceeded 3.36 million, with an average monthly active users (MAU) reaching 700000. At the same time, in order to promote the intelligent transformation of the network and the upgrading of the operation mode, and further optimize the customer experience, Dongguan Agricultural and Commercial Bank innovatively launched "Cloud Bank", putting nearly 320 intelligent devices in more than 200 business institutions, promoting the transformation of bank outlets to scene and digitalization, and effectively improving the convenience of customers' access to services.