On April 29, Huzhou Wuxing Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Huzhou Wuxing Rural Commercial Bank") released its 2023 annual report.
As of the end of 2023, the total assets of Huzhou Wuxing Rural Commercial Bank were 61.318 billion yuan, an increase of 13.208 billion yuan or 27.45% over the end of the previous year, the total liabilities were 57.962 billion yuan, an increase of 12.891 billion yuan or 28.6% over the end of the previous year, the deposits were 50.762 billion yuan, an increase of 10.097 billion yuan or 24.83% over the end of the previous year, and the loans and advances were 35.865 billion yuan, an increase of 7.212 billion yuan or 25.17% over the end of the previous year.
In 2023, Huzhou Wuxing Rural Commercial Bank will achieve operating income of 1.2 billion yuan, a year-on-year increase of 11.52%, and a net profit of 446 million yuan, a year-on-year increase of 10.95%.
As of the end of the reporting period, the provision for impairment loss of various assets of Huzhou Wuxing Rural Commercial Bank was 1,122,412,000 yuan, an increase of 45,536,500 yuan over the beginning of the year, of which the provision for loan loss was 1,077,739,100 yuan, an increase of 86,753,900 yuan over the beginning of the year, the provision for impairment of non-credit assets was 39,003,600 yuan, a decrease of 39,650,200 yuan over the beginning of the year, the balance of general risk provision at the end of the reporting period was 991,319,400 yuan, an increase of 200,000 yuan over the beginning of the year, and the provision coverage ratio reached 452.91%, the loan ratio was 2.92%.
As of the end of the reporting period, the fifth-level non-performing loans were 237.9569 million yuan, an increase of 45.4838 million yuan over the beginning of the year, and the non-performing loan ratio was 0.65%, the same as at the beginning of the year.
As of the end of the reporting period, a total of 6 executive directors, employee supervisors and senior managers who were uniformly approved by Zhejiang Rural Commercial United Bank and received remuneration in Huzhou Wuxing Rural Commercial Bank had a total actual remuneration of 5.2136 million yuan in 2022, and have not yet received the notice of the provincial bank on the approval of the remuneration of senior management personnel in 2023. According to the assessment of general employees, the total remuneration actually received by the two employee supervisors (Wu Jianqing and Zhu Wenjuan) in 2023 is 1.2609 million yuan. During the reporting period, the total amount of allowances (after-tax) actually received by the 3 independent directors was 80,000 yuan, and the total allowances (after tax) received by the 12 non-employee equity directors and non-employee supervisors was 360,000 yuan.
In 2023, the total remuneration of employees of the Bank will be 209.5173 million yuan (excluding senior executives), including 46.3436 million yuan of basic salary, 137.3429 million yuan of performance salary, and 25.8313 million yuan of incentive salary. In 2023, the deferred remuneration will be 34.4361 million yuan (excluding senior executives).
It is reported that Huzhou Wuxing Rural Commercial Bank Co., Ltd. was established on July 16, 2005, with Chen Faliang as the legal representative and a registered capital of 647,792,604 yuan. The company's business scope includes taking deposits from the public, issuing short-term, medium-term and long-term loans, and handling domestic settlements.
As of the end of the reporting period, Huzhou Wuxing Rural Commercial Bank had no controlling shareholder or actual controller. Zhejiang Feiying Investment Co., Ltd., the single largest shareholder, holds 32,304,917 shares of Huzhou Wuxing Rural Commercial Bank, with a shareholding ratio of 4.99%, and Zhejiang Feihua Technology Co., Ltd., a related party, holds a total of 51,761,117 shares of Huzhou Wuxing Rural Commercial Bank, with a shareholding ratio of 7.99%.