Double-digit growth in net profit and non-performing rate have all fallen. The six major state-owned banks made an average daily net profit of 3.486 billion yuan last year.

　　As of March 31, the 2021 annual reports of the six major state-owned banks have been fully disclosed.

Data shows that in 2021, the operating income of the six major state-owned banks will total 3,680.634 billion yuan, and the net profit attributable to the parent will total 1,272.344 billion yuan. Calculated based on 365 natural days in 2021, the average daily net profit is 3.486 billion yuan.

It is worth noting that the asset quality of the six major banks has improved, the non-performing ratios have all fallen, and the risks of many banks' property-related business are controllable.

　　Text, Biao/Guangzhou Daily All Media Reporter Lin Xiaoli and Wang Chuhan

　　Industrial and Commercial Bank of China "Most Profitable" Net Interest Margin Downward Pressure

　　In terms of operating income and net profit attributable to the parent, the six major state-owned banks have achieved positive growth, and the net profit attributable to the parent has achieved double-digit growth.

Among them, many data of ICBC still maintain the first place.

　　In terms of operating income, both ICBC and China Construction Bank will break through the 800 billion yuan mark in 2021.

Among them, the operating income of ICBC reached 942.8 billion yuan, a year-on-year increase of 6.8%; the operating income of China Construction Bank reached 824.246 billion yuan, a year-on-year increase of 9.05%.

　　In terms of net profit attributable to the parent, ICBC is the "most profitable".

The annual report shows that in 2021, ICBC will achieve a net profit of 348.338 billion yuan attributable to the parent, a year-on-year increase of 10.27%; the Postal Savings Bank has the fastest growth rate, with a year-on-year increase of 18.65%, and a net profit attributable to the parent of 76.170 billion yuan.

　　In terms of total assets, the six state-owned banks have also achieved good growth.

According to the annual report, as of the end of 2021, the total assets of ICBC reached 35.17 trillion yuan, breaking the 35 trillion yuan mark; China Construction Bank exceeded 30 trillion yuan, reaching 30.25 trillion yuan; the Agricultural Bank’s total assets reached 29.07 trillion yuan, directly Pushing the 30 trillion yuan mark.

　　In recent years, supervision has guided banks to reduce the financing cost of the real economy. Against this background, the net interest margins of the six major state-owned banks will still decline in 2021. In terms of net interest margins from high to low, Postal Savings Bank is 2.36%. It decreased by 6 basis points year-on-year; China Construction Bank also decreased by 6 basis points, to 2.13%; Agricultural Bank of China was 2.12%, decreased by 8 basis points compared with the same period of last year; Industrial and Commercial Bank of China was 2.11%, decreased by 4 basis points year-on-year; Bank of China decreased by 10 basis points 1 basis point, reaching 1.75%; Bank of Communications dropped slightly by 1 basis point, reaching 1.56%.

　　Non-performing rate of Postal Savings Bank is the lowest, and Bank of Communications is still the highest

　　With the "double rise" of the non-performing loan balance and non-performing loan ratio in the previous year, the asset quality of the six major banks in 2021 has attracted much attention.

The data shows that in 2021, the non-performing ratios of the six major banks will all decline.

Among them, the non-performing ratio of Bank of Communications is still the highest at 1.48%; the non-performing ratio of Postal Savings Bank is still far lower than the other five, only 0.82%, down 0.06 percentage points from the end of the previous year.

The non-performing loan ratios of Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank were similar, at 1.42%, 1.42% and 1.43% respectively, and Bank of China was 1.33%.

　　In terms of non-performing loan balances, the non-performing loan balances of ICBC and Bank of Communications decreased by 549 million yuan and 902 million yuan respectively compared with the previous year, while the non-performing loan balances of China Construction Bank, Agricultural Bank, Bank of China and Postal Savings Bank increased respectively compared with the end of 2020. 5.342 billion yuan, 8.669 billion yuan, 1.519 billion yuan and 2.318 billion yuan.

　　In order to enhance risk resistance, the six major state-owned banks continued to increase their provisions.

As of the end of 2021, the provision coverage ratio of Postal Savings Bank remained at the highest among the six major state-owned banks, with a provision coverage ratio of 418.61%, an increase of 10.55 percentage points from the end of the previous year; the provision coverage ratio of Agricultural Bank, China Construction Bank, and Industrial and Commercial Bank of China Both exceeded 200%, up 33.53 percentage points, 26.37 percentage points and 25.16 percentage points from the end of the previous year respectively; the provision coverage ratio of Bank of Communications was the lowest among the six major banks, at 166.5%, but increased by 22.63 percentage points from the end of the previous year.

　　Many bank executives responded to the housing-related business risks that the public was concerned about.

Zhang Wenwu, vice president of ICBC, admitted at the performance conference that ICBC's real estate loan non-performing ratio will rebound in stages in 2021, but the proportion of real estate loans is relatively low, and the loan identification standards are also more prudent.

Overall, the overall asset quality in 2021 is healthy and fully controlled.

Cui Yong, vice president of the Agricultural Bank of China, also said that the current non-performing rate of agricultural bank-related housing loans is only 0.64%, of which personal housing loans are better than real estate development loans.

"In the short term, the expectations of the real estate industry are still being repaired, the declining trend of market sales and investment has not yet reversed, and the capital chain tension of housing companies with high levels of debt and difficult housing companies has not yet eased significantly. There will still be certain risk exposure pressures in the follow-up. Agricultural Bank accounts for a small proportion of the loans of these enterprises, and most of them have collateral, so the credit risk is controllable." Cui Yong said.

　　More than 380 billion yuan in dividends

　　Executives shout that investors hold

　　It is worth noting that the cash dividends of the six major state-owned banks are also quite strong, with a total dividend of more than 380 billion yuan, and the dividend ratio is all 30%.

Among them, the Industrial and Commercial Bank of China has the highest cash dividend scale, reaching 104.5 billion yuan, with a pre-tax dividend of 2.933 yuan per 10 shares.

China Construction Bank plans to distribute dividends of 91.004 billion yuan, ranking second.

The proposed dividends of Agricultural Bank and Bank of China both exceed 60 billion yuan, and the proposed dividends of Bank of Communications and Postal Savings Bank both exceed 20 billion yuan.

　　In response to the issue of dividend distribution at the press conference, Liu Jin, President of Bank of China, said that the average share price of Bank of China in 2021 will be 2.81 yuan per share, and the dividend per share will be 0.221 yuan. An increase of 2.08 percentage points in the previous year.

"Such a dividend yield is not high for institutional investors, but it is also a stable and reliable choice under the current complex domestic and international situation. For individual clients, as part of the asset portfolio, investment banking stocks are a stable and reliable choice. It’s a good choice. If you choose wealth management products, fixed investment funds and other investment tools that can achieve such a level of income, it will be considered very good.” Liu Jin suggested that investors should look at both the stock price and dividends. The growth and growth that the capital market is concerned about depends on the stability of bank stocks. When it is time to sell the Bank of China stock, place an order when it is time to place an order.

　　ICBC Board Secretary Guan Xueqing mentioned at the performance conference that the dividend rate this year was 30.9%, and the dividend amounted to 104.5 billion yuan.

Corresponding to the stock price at the end of 2021, ICBC's A-share dividend rate is 6.33%, and the H-share dividend rate is 8.15%.

Very attractive to long-term investors.

　　Hu Changmiao, secretary of the board of directors of China Construction Bank, said that the performance of CCB's share price in the industry has always been relatively beautiful. In recent years, the cash dividend has been maintained at a ratio of 30%. This year, China Construction Bank plans to give investors a cash dividend of 0.364 yuan per share. .

It is believed that investors with strategic vision will continue to choose CCB.