It is worth noting that several shareholders of Shizuishan bank pledged their shares, totaling nearly 200 million shares, accounting for 16.64% of the total share capital. At the same time, the banks two major shareholders were listed by the Supreme Peoples court as the persons who were executed for breach of faith, which is commonly known as Lao Lai.
In addition, in the data disclosed in the annual report of Shizuishan bank and the issuance plan of interbank certificates of deposit, the total assets, operating income and net profit are inconsistent, with the largest difference of several billion yuan.
In response to the above problems, Shizuishan bank said in its reply to the reporter of Huaxia times: our bank conducts information disclosure in strict accordance with the company law and other provisions. At present, our banks operation is normal and the operation is stable; the equity pledge handled by our shareholders is handled in accordance with the requirements of laws, regulatory regulations and our internal control management system, which belongs to the normal business scope and does not have equity The phenomenon of a large number of pledge; the inclusion of our shareholders in the list of persons to be executed for breach of faith by the court is caused by the economic disputes of the shareholders themselves, and has nothing to do with the operation and management of the bank.
By the end of the third quarter, interest income of Shizuishan bank was 2.961 billion yuan, of which loan interest contributed the most, reaching 1.926 billion yuan; interest expenditure was 1.682 billion yuan, including deposit interest expenditure of 1.119 billion yuan. Finally, Shizuishan bank realized a net interest income of 1.279 billion yuan. As of the end of September, the banks handling charges and commission net income and investment income suffered losses. As of the end of September, the banks handling charges and commission income was only 80 million yuan, but the expenditure reached 361 million yuan, resulting in a net income of - 284 million yuan; in the same period, the equity investment income of Shizuishan bank was 06 million yuan, but the inter-bank investment income was - 18 million yuan, resulting in investment income of - 12 million yuan.
The above data show that although Shizuishan banks net interest income in the first nine months of this year was 1.279 billion yuan, the overall revenue and profit were affected by the net income of handling charges and commission and the loss of investment income. The bank realized operating income and net profit of 891 million yuan and 136 million yuan, respectively, down 30.64% and 32.75% compared with the same period last year.
In terms of asset quality, the non-performing loan ratio of Shizuishan bank has increased. The tracking rating report of Shizuishan banks main body and related debts released by Dagong international disclosed that by the end of 2019, the balance of non-performing loans of Shizuishan bank was 829 million yuan, with a non-performing loan ratio of 2.03%; the balance of doubtful and loss non-performing loans increased by 3.73% and 309.09% respectively on a year-on-year basis; the scale of notes related loans decreased by 16.53% year-on-year; the scale of loans overdue for more than 90 days was 765 million yuan The banks non-performing loans are mainly concentrated in the wholesale and retail industry, real estate industry and manufacturing industry. By the end of 2019, the balance of non-performing loans of the above industries were 278 million yuan, 172 million yuan and 147 million yuan respectively. In 2020, the banks non-performing loans continued to rise, the non-performing loan ratio rose to 2.2%, and the provision coverage rate dropped to 129.9% in the same period. Overall, the companys asset quality is still facing downward pressure.
In addition to the decline of net profit and the rise of non-performing assets, there are many inconsistent data in the information disclosure of Shizuishan bank. For example, the balance of non-performing loans disclosed in the above rating report is 829 million yuan, while the balance of non-performing loans disclosed in the 2019 annual report of the bank is 657 million yuan. As for the source of data in the rating report, Dagong International said that the data was provided by Shizuishan bank. The reporter noted that the balance of non-performing loans disclosed by China integrity international in the tracking and rating report of Shizuishan bank is completely consistent with that of Dagong international, and the data source is also provided by Shizuishan bank.
In addition, there are data inconsistencies in the reports published by Shizuishan bank itself. The annual report shows that from 2017 to 2019, the banks total assets were 51.705 billion yuan, 53.503 billion yuan and 58.775 billion yuan, with operating revenue of 1.252 billion yuan, 1.146 billion yuan and 1.405 billion yuan, and net profit of 401 million yuan, 228 million yuan and 232 million yuan. However, the 2020 interbank deposit receipt issuance plan released by the bank disclosed that the total assets of the bank in 2017 and 2018 were 60.539 billion yuan and 62.158 billion yuan, the operating income was 1.685 billion yuan and 1.544 billion yuan, and the net profit was 478 million yuan and 302 million yuan.
From the data comparison, it can be seen that in the annual report and interbank deposit receipt issuance plan of Shizuishan bank, there are inconsistencies in the asset scale, revenue and net profit of 2017 and 2018, and the statistical caliber is not specified in the financial statements.
Two major shareholders become dishonest Executees
Shizuishan bank is headquartered in Shizuishan City, Ningxia Hui Autonomous Region. Its predecessor is Shizuishan city credit cooperative, which was established in 1987. In 2009, it was renamed Shizuishan bank with the approval of the former China Banking Regulatory Commission.
Shizuishan bank has set up branches in Shizuishan City, Yinchuan City, Zhongwei City, Wuzhong City and Guyuan City. As of the end of 2019, the company has 66 business outlets with 718 employees. The financial service scope covers 5 prefecture level cities and 16 districts and counties in Ningxia. In addition, the bank has successively initiated the establishment of seven village banks in Wuzhong of Ningxia, Feixi of Anhui, Qingdao of Shandong, Chongqing and other places, and all of them have been included in the companys consolidated statements.
In recent years, many shareholders of Shizuishan bank have pledged their shares. According to the national enterprise credit information publicity system, the bank has 36 items of equity pledge information, totaling nearly 200 million shares, accounting for 16.64% of the total equity. According to the 2019 annual report, among the top ten shareholders of Shizuishan bank, 27.5 million shares were pledged by Shenzhen Dafei Technology Holding Co., Ltd., 33.67 million shares were pledged by Ningxia Hengchan Construction Development Group Co., Ltd., 296.8631 million shares were pledged by Ningxia Tongda New Energy Group Co., Ltd., and 24.888 million shares were pledged by Shizuishan Hongshun Real Estate Development Co., Ltd Shares. At the end of the reporting period, the shares of Ningxia Tongda New Energy Group Co., Ltd. were frozen.
It is worth mentioning that most of the above shares are pledged to Shizuishan Dawukou Shiyin Village Bank Co., Ltd. and Yinchuan Shiyin Village Bank Co., Ltd. The two rural banks were initiated by Shizuishan bank, with a shareholding ratio of 42.83% and 46.36% respectively.
In addition, according to the rating report released by Dagong international, Shenzhen Dafei Technology Holding Co., Ltd. became the third largest shareholder of Shizuishan bank in May 2018, with a shareholding ratio of 4.93%. In March this year, Dafei cloud loan Technology (Beijing) Co., Ltd., a subsidiary of Shenzhen Dafei Technology Holding Co., Ltd., was put on file for investigation on suspicion of illegally absorbing public deposits. In April this year, Qinhuangdao Tianyue cruise service Co., Ltd. took over some shares of Shenzhen Dafei Technology Holding Co., Ltd., becoming the third largest shareholder of the company, with a shareholding ratio of 3.66%. In addition, among the top ten shareholders of Shizuishan bank, Ningxia Tongda New Energy Group Co., Ltd., the sixth largest shareholder, and Shenzhen Dafei Technology Holding Co., Ltd., the seventh largest shareholder, are dishonest companies publicized by the Supreme Peoples court, which are commonly known as Lao Lai. According to the China executive information disclosure network, the specific circumstances of the two companies breach of trust were those who have the ability to perform but refuse to perform the obligations determined by the effective legal documents. The filing time is April 2 and October 23, respectively. Source: China Times Author: Wang Zhongqi, Feng yingzi, editor in charge: Wang Xiaowu_ NF
In addition, among the top ten shareholders of Shizuishan bank, Ningxia Tongda New Energy Group Co., Ltd., the sixth largest shareholder, and Shenzhen Dafei Technology Holding Co., Ltd., the seventh largest shareholder, are dishonest companies publicized by the Supreme Peoples court, which are commonly known as Lao Lai. According to the China executive information disclosure network, the specific circumstances of the two companies breach of trust were those who have the ability to perform but refuse to perform the obligations determined by the effective legal documents. The filing time is April 2 and October 23, respectively.