iphonegamestoearncrypto| Bank of Suzhou held an online presentation meeting on its 2023 annual results

On the afternoon of May 17, 2024, Suzhou Bank held an online presentation meeting on 2023 annual results. Bank of Suzhou (002966) Chairman Cui Qingjun, President Wang Qiang, Vice President Li Wei, Vice President Bei Haoming, Vice President Xue Hui, head of Finance Department Xu Feng and independent director Li Zhiqing attended the meeting. This meeting uses video and web interaction.IphonegamestoearncryptoIt was held in the form of President Wang Qiang and presided over.

In his speech at the performance presentation meeting, Chairman Cui Qingjun said that 2023 is the comprehensive implementation of the Party.IphonegamestoearncryptoThe opening year of the 20th spirit is also the end of the last three-year strategic plan of Suzhou Bank. Suzhou Bank is based in Suzhou, ploughs Jiangsu, fully integrates into the Yangtze River Delta, and handed over a high-quality development paper to investors. The year 2024 is the beginning of the new three-year strategic planning of Suzhou Bank. in the face of the complex market environment, Suzhou Bank insists on "taking advantage of the situation and complying with the trend" and strives to improve its capabilities in an all-round way.

First, strategic leadership to enhance the group's ability to operate in an integrated manner. Issue the strategic plan for 2024-2026, and implement the integrated operation as the highest strategy by clarifying the business strategies of the three major business sectors, streamlining the departmental configuration of the head office, issuing an outline of corporate culture, transforming and building a comprehensive branch, etc.

The second is to give priority to customers and enhance the ability of differentiation to win live guests. Explore the key customer group management, sink the focus of customer group management, reduce enterprise financing costs, adhere to the strategy of business characteristics and regional differentiation, and achieve a breakthrough in the quality and quantity of customer service.

The third is to keep correct and innovate and improve the ability of digital cooperation online and offline. Focus on financial science and technology innovation, promote digital transformation, increase digital RMB scene innovation, improve and improve the public and retail wisdom (601519) management system, successfully release the digital staff of Suzhou Bank, and inject new momentum into scientific and technological innovation.

The fourth is to be stable and far-reaching, and enhance the value creation ability of comprehensive risk control. Continuously improve the management and control model, effectively improve the overall risk management level, around the "business compliance" and "employee behavior compliance" two main lines, with large internal control to build a good corporate culture and a healthy atmosphere.

Fifth, people-oriented, to enhance the staff entrepreneurial team building ability. Comprehensively strengthen team building, optimize the cadre selection mechanism, continue to stimulate the enthusiasm and vitality of the staff of the bank, and win the "marathon" of the sustainable and high-quality development of Suzhou Bank.

President Wang Qiang made a report on the business situation in three aspects: "effective results, confidence, and effective measures." President Wang Qiang pointed out that the quality and efficiency of the service entities of Suzhou Bank has improved steadily, the momentum of operation and development has been continuously strengthened, the institutional and institutional foundation has been continuously consolidated, and the bank's high-quality development has shown a new momentum and upward trend. Next, we will focus on serving the real economy, deepen integrated operation, strengthen comprehensive risk management, speed up scientific and technological innovation and empowerment, and comprehensively do a good job in the key work in the next stage.

First, we should overcome the difficulties and work together as a whole. Adhering to the integrated management strategy of "customer-centered", focusing on the dual-core driving strategy of "scientific innovation + cross-border", retail "wealth + people's livelihood", and financial market "market research + investment transactions". Continue to create a unique and differentiated competitive advantage.

The second is to get live guests, a set of strategies to attack in place. Focus on the construction of the marketing system of the whole bank, anchor the source of target customers, build the channel ecology of "GOAI", promote the construction of scene links and platforms, increase the binding and application of various settlement products, and effectively enhance the sense of customer achievement.

Third, the guardian of value, a network of risk control to catch the point. Adhere to the general tone of soundness and prudence, give full play to the role of credit policy guidance, credit risk limit, and risk preference as a "combination", deepen the "construction year" of employee behavior management, and promote the construction of a new comprehensive credit cluster system and employee behavior management system. we will do grid management of joint prevention and control, and further promote compliance.

Fourth, driven by innovation, front-line science and technology takes the lead. We will actively explore the construction of the digital financial ecosystem, strengthen the ability of customized digital currency cooperative development, increase the use of intelligent operation tools, enable the transformation of scientific research achievements, consolidate data governance, build a data asset system, and ensure continuous, safe and stable operation of business.

In answering the questions that investors are generally concerned about, Chairman Cui Qingjun responded to strategic implementation and profit distribution respectively.

Aiming at how to implement the strategic planning for the new three years

Chairman Cui Qingjun said that he would answer from three aspects: Tao, skill and practice. One is the level of Tao. We will anchor the vision of development, implement the core values of "soundness, diligence, ingenuity and innovation", practice long-term doctrine and altruistic thinking, concentrate our wisdom on writing the "five major articles" of finance, and make every effort to build banks trusted by the people of enterprises. Take the initiative to seek change and change, and put forward the integrated management and development strategy of "customer-centered", supporting the optimization of organizational structure and other mechanisms, and strive to find a way of differential development. The second is the level of skill. We will further focus on the core of customers, unswervingly accumulate and expand basic customers and basic business, enhance the matching degree of resource allocation and strategic planning, and use the twin engines of "scientific innovation + cross-border" and "people's livelihood + wealth". Play the two cards of "China and Singapore" and "both sides of the strait" to promote the high-quality development of new productivity. The third is the level of line. We will earnestly enhance the systematicness, accuracy and effectiveness of the strategy implementation, focus on enhancing professional capabilities, strengthening fine management, promoting digital transformation, paying attention to reducing costs and efficiency, strictly abiding by the bottom line of risk control, and carrying out integrated operation; enhance the comprehensive strength of branches and strengthen the business to form characteristics.

Dividends of concern to shareholders and investors

Chairman Cui Qingjun stressed that Suzhou Bank attaches great importance to the reasonable return on investment of shareholders and implements a positive profit distribution plan on the premise that profits and capital adequacy ratios meet the requirements of sustainable operation and long-term development. In the past three years, the proportion of cash dividends of Suzhou Bank has been maintained at more than 30%. The total amount of cash dividends has increased year by year with the growth of distributable profits, and the cumulative amount of cash dividends has reached 35.Iphonegamestoearncrypto.73 billion yuan (including 2023 dividends). In order to clarify investors' expectations and enhance investors' sense of achievement, Suzhou Bank actively responds to the guidance of regulatory policies and intends to request the shareholders' meeting to authorize the board of directors to formulate and implement the 2024 interim dividend plan within the prescribed time limit, in accordance with the resolution of the shareholders' meeting, subject to the conditions of profit distribution.

In addition, President Wang Qiang and various leaders in charge provided detailed and professional answers to key market concerns such as Bank of Suzhou's asset quality outlook, public credit placement, retail asset acquisition, financial market business strategies, and downward interest rate response measures. Face the problem, be pragmatic and efficient.

Standing at a new starting point, with the support of the provincial and municipal governments, Bank of Suzhou will continue to practice the core values of "stability, refinement, ingenuity, and innovation" and always put "customer satisfaction, employee gain, shareholder approval, regulatory recognition," As a unremitting direction of struggle, we strive to build a bank trusted by enterprises and people, and continue to contribute new practices of Bank of Suzhou to Chinese-style modernization!