Ruifeng’s net profit rose 15 percent last year to 1.27 billion yuan in credit impairment losses of 850 million yuan

2022-07-21 0 By

China Economic Network Beijing, April 6 – Ruifeng Bank (601528.SH) disclosed the 2021 annual report on the evening of March 30.In 2021, Ruifeng Bank achieved operating revenue of 3.31 billion yuan, with a year-on-year growth of 10.02%;Net profit attributable to shareholders of listed companies reached 1.271 billion yuan, up 15.08% year on year;Net profit excluding non-recurring gains and losses attributable to shareholders of listed companies was 1.250 billion yuan, up 13.42% year on year;Net cash flow from operating activities was -187 million yuan, a year-on-year decrease of 101.50%.In 2021, Ruifeng Bank’s weighted average return on equity was 10.33%, down 0.10 percentage points from the same period last year.The weighted average return on equity, excluding non-recurring gains and losses, was 10.16%, 0.24 percentage points lower than the same period last year.On March 29, 2022, the second meeting of the fourth Board of Directors of Ruifeng Bank deliberated and approved the profit distribution plan for 2021, in which 10% of the after-tax profit is allocated to the statutory surplus reserve of 125 million yuan, and 30% of the after-tax profit is allocated to the general risk reserve of 375 million yuan.Ruifeng Bank will pay a cash dividend of RMB1.80 (including tax) per 10 shares based on its total share capital of rmb1.509 billion as of December 31, 2021, for a total cash dividend of RMB272 million.The profit distribution preplan needs to be approved by the general meeting of shareholders.By the end of 2021, ruifeng Bank’s total assets amounted to 136.868 billion yuan, with a year-on-year growth of 5.68%.Total liabilities reached 123.051 billion yuan, up 4.05% year on year;Total deposits reached 100.327 billion yuan, up 10.57% year on year;Total loans reached 85.034 billion yuan, up 10.97% year on year.In 2021, Ruifeng Bank achieved net interest income of 2.996 billion yuan, an increase of 14 million yuan year-on-year, an increase of 0.46%.Among them, interest income was 5.865 billion yuan, up 7.23% year on year;Interest expense was 2.87 billion yuan, up 15.35% year on year.During the reporting period, Ruifeng Bank credit impairment loss of 854 million yuan, a year-on-year increase of 49 million yuan, an increase of 6.18%.Among them, the impairment loss of loans and advances was 737 million yuan, up 18.31% year on year.At the end of the report, Ruifeng Bank non-performing loan balance of 1.067 billion yuan, the same period last year was 1.010 billion yuan;The non-performing loan ratio was 1.25%, down 0.07 percentage points from the beginning of the year.The provision coverage rate was 252.90%, 18.49 percentage points higher than at the beginning of the year.At the end of 2021, Ruifeng Bank’s overdue loans amounted to 837 million yuan, compared with 743 million yuan at the beginning of the year.The ratio of overdue loans of more than 90 days to non-performing loans was 39.73%, and that of overdue loans of more than 60 days to non-performing loans was 41.75%.By the end of 2021, Ruifeng Bank’s capital adequacy ratio was 18.85%, 0.60 percentage points higher than the same period last year;Tier 1 capital adequacy ratio was 15.42%, an increase of 0.75 percentage points over the same period last year;Core Tier 1 capital adequacy ratio was 15.41 percent, up 0.75 percentage points from a year ago.At the end of the report, the total number of employees of Ruifeng Bank is 2,238, including 2,131 employees of the parent company and 107 employees of the main subsidiaries.By the end of 2021, ruifeng Bank paid 194 million yuan to employees, up from 190 million yuan at the end of last year, up 2.43% year on year.In 2021, Ruifeng Bank paid 687 million yuan in cash to and for employees, compared with 595 million yuan in the same period last year.According to calculations, the total annual compensation and benefits of Ruifeng Bank employees in 2021 will be 692 million yuan, up 7.73% from 642 million yuan in the same period last year.Disclaimer: This article is reproduced for the purpose of conveying more information.If the source is wrong or violated your legitimate rights and interests, please contact the author with proof of ownership, we will promptly correct, delete, thank you.Email address: newmedia@xxcb.cn