The "good start" in 2022 obviously belongs to banks.
65438+1October 12, related stocks in the banking sector strengthened, with Jiangsu Bank, Changshu Bank and Sunong Bank gaining a lot. Year-to-date, Bank of Jiangsu has increased by more than 10%, far exceeding the three major indexes.
The strength of the stock price benefits from the pre-happiness of performance. 1, 1 1 In the evening, Bank of Jiangsu disclosed its performance report, with bright data.
Frequently exceeding the expected performance ignited the banking sector. It is worth noting that while the performance is improving, the valuation of banking stocks is not high. Banks with high profits and low valuations are expected to form a "Davis double click".
202 1 "the strongest" report card
On the evening of 65438+1October 1 1, Bank of Jiangsu released a performance report, showing that by the end of 202 1, the total assets of the Group were 2.62 trillion yuan, up by12.00% year-on-year; The balance of various deposits was 1.45 trillion yuan, up by1.10% year-on-year; The balance of various loans was 1.40 trillion yuan, a year-on-year increase of 16.52%.
Driven by the effective scale, the performance of Jiangsu Bank ushered in an accelerated release period. In 20021year, the operating income was 6377 1 billion yuan, and the net profit attributable to the mother was 65.438+09.694 billion yuan, with a year-on-year growth rate of over 30%, achieving high growth.
At the same time, the asset quality of Jiangsu Bank is constantly improving.
The data shows that from 20 15 to the end of 20021,the non-performing loan ratio of the bank decreased from 1.43% to 1.08%, and the provision coverage ratio increased from 192.06% to 307.72%. The decline in the non-performing loan ratio and the increase in the provision coverage ratio mean that the asset quality of Jiangsu Bank continues to improve, reflecting that the growth rate of Jiangsu Bank's net profit is full of gold.
The "source power" behind outstanding performance
The performance of data display is only the result of enterprise management, and the "source power" of the result deserves our further study. Through the dismantling of Jiangsu Bank's performance, we find that its outstanding performance can not be separated from a clear and sustained strategic positioning.
Since its establishment, Bank of Jiangsu has resolutely shouldered the responsibility of serving small and medium-sized enterprises and promoting local economic development, and has continuously improved its core competitiveness by giving full play to its regional advantages, deepening local markets and creating distinctive businesses.
With developed economy and rich financial resources, Jiangsu has a natural regional advantage in corporate business, and Jiangsu Bank has also built its own core competitiveness in corporate business through regional endowment.
By the end of 2020, the total GDP of Jiangsu Province was 10.27 trillion yuan, making it the second province with GDP exceeding 10 trillion yuan. The economic development of Jiangsu province is closely related to its economic structure, which is dominated by industry and service industry. By the end of 2020, the proportion of primary industry, secondary industry and tertiary industry in Jiangsu Province will reach 4%, 43% and 53% respectively. The added value of high-tech industry and equipment manufacturing industry in the province increased by 10.3% and 8.9% respectively over the previous year, which was higher than that of industries above designated size by 4.2% and 2.8%, and contributed 37.4% and 7 1.4% respectively to the growth of industrial added value.
Financial institutions have played an important role in resource allocation in the process of making Jiangsu's manufacturing industry stronger and bigger and promoting its transformation and upgrading.
As a local corporate bank rooted in Jiangsu since CCB, Jiangsu Bank has been deeply involved in the local manufacturing industry for many years, and has also achieved its own high-quality development in the process of serving the transformation and upgrading of "Made in Jiangsu" and promoting the development of advanced manufacturing industry.
In order to seize the opportunity of industrial structure adjustment in the transformation and upgrading of manufacturing industry, Jiangsu Bank took precautions as early as 20 13 and began to adjust the credit customer structure, focusing on serving high-tech manufacturing industry. The proportion of advanced manufacturing loans to total manufacturing loans will increase from 30.8% in 20 15 to more than 40% in 2020.
According to the data of the 2020 annual report, the market share of small and micro loans of Jiangsu Bank exceeded 10%, ranking first for many years in a row, covering 1 3 high-tech enterprises in the province, supporting more than110,000 high-tech enterprises, and ranking first in the province in the balance of technology loans.
It is worth noting that in the context of the high-quality development of the company's business, Jiangsu Bank has not been confined to the present and actively laid out the retail business as an important strategic direction.
Retail business has always been called "hard work" and "tired work" by banks. In the era when the masses are "lying down to make money", no one cares. Because of financial disintermediation and interest rate marketization, corporate banking has entered the "Red Sea", while retail business has the advantages of scattered objects, relatively low risks and relatively stable returns, and has become a "blue ocean" for banks to compete for.
Since 20 14, Jiangsu Bank has taken retail business as an important strategic direction, continuously tapped the retail potential, firmly adhered to the strategic goal of "expanding retail business and deepening customer management", focused on customers, accurately served consumer finance segments, continuously deepened the transformation and development of "smart retail", and achieved a historic breakthrough in the scale and efficiency of retail business.
According to the data of 20021interim report, the balance of retail deposits in Jiangsu Bank was 420 1 100 million yuan, an increase of 16.9% compared with the beginning of the year. The balance of retail loans was 5 159 billion yuan, an increase of 9.8% over the beginning of the year.
The retail AUM scale was 872.34 billion yuan, an increase of 12% over the beginning of the year. The total number of retail customers is nearly 24 million, the total number of wealth customers and private banking customers exceeds 63,000, and the number of private banking customers has increased by nearly 18% compared with the beginning of the year. Sales in Public Offering of Fund increased by 250% year-on-year, and sales of wealth management products increased by more than 300% year-on-year.
Focusing on high-end manufacturing and retail to accelerate the transformation of "smart retail", Jiangsu Bank, driven by "two wheels", tells us with beautiful business data that its future can be expected.
Layout for the next decade or even a hundred years.
The Analects of Confucius said: "He who has no long-term worries must have near worries". Jiangsu Bank has not been carried away by its short-term business performance, but has begun to lay out plans for the next decade and century.
It is not your opponent who defeats you, and it is not your peers who subvert you. It may be cross-border with the rapid development of technologies such as mobile Internet and artificial intelligence, frontier technologies such as quantum communication and biotechnology have opened up the imagination, and the fourth scientific and technological revolution has arrived. Scientific and technological revolution will fundamentally improve production efficiency by geometric progression, and then reconstruct production mode and business model.
As an ancient industry that has been passed down for hundreds of years and experienced many changes of the times, banking has also entered this scientific and technological revolution. It can be said that the competition in the banking industry in the future may no longer be a simple dispute between deposits and loans, but a competition between financial technologies.
As early as 20 13, Jiangsu Bank clearly proposed to build "the bank with the most Internet big data genes", and now "intelligence" has ranked first in the bank's strategy.
Since it was put forward to attach importance to "financial technology", Jiangsu Bank has put it into practice and carried it out wholeheartedly.
20 15 based on the tax data, Jiangsu bank pioneered the bank-wide pure credit online loan product "tax e-finance" in China. In 2020, Bank of Jiangsu further integrated products such as "tax e-finance", "fast e-loan" and "talent e-loan", launched the "e-finance" platform, and provided online account opening, financing, wealth management and consulting services for small and micro enterprises based on the social scene of WeChat.
Network financing solves the trouble of "running errands" for enterprises, improves the service quality while facilitating enterprise financing, and becomes a "sharp weapon" for financing small and micro enterprises.
With continuous investment and several iterations of products, the platform of "Rongyong E" has achieved enviable commercial results.
According to the data of 20021semi-annual report, the evolution and digital transformation of the bank's microfinance wisdom have achieved remarkable results. Intelligent online lending has served more than 80,000 small and micro enterprises with the loan amount exceeding120 billion yuan. More than 1 10,000 customers have served technology-based enterprises, and the loan balance has exceeded11400 million yuan. Innovatively launch a "stuck neck" special loan to strengthen financial supply to key areas and core technologies.
In addition, financial technology has also played an irreplaceable role in building a full-cycle, omni-channel and full-link "smart retail". The upgraded "consumer e-loan" products have been successfully exported to multiple Internet platforms, which not only enriched the retail product system of the Bank, but also improved the customer experience.