The “Most Influential” series of appraisals is aimed at documenting the 20-year history of China's stock markets. The results of the appraisals were announced at the “Review and Prospects of China's Securities Market Over 20 Years & the 4th Summit Forum on Market Value Management of China's Public Listed Companies” that was held in Beijing on May 29. The Industrial Bank had the honor of being named as the “Favorite Public Listed Company among Investors in China's Securities Market over the Last 20 Years” by right of its stable business performance and excellent work in investor relations.
This prize was jointly created by the China Center for Market Value Management in conjunction with the four securities newspapers, four domestic top-ranking financial university research institutions, China Investor Protection Net and the Securities News Channel of CCTV. Since its launch in March this year, the appraisal has gone through the four stages of expert recommendation and self recommendation, initial section of the organization committee, an online public vote and review and determination by experts in an evaluation committee. A total of over 1.13 million public votes were cast in the appraisal. In the end, the evaluation committee picked out the winners from almost 400 public listed companies and agencies.
Since its foundation, and especially over the last ten years, the Industrial Bank (IB) has taken it upon itself to respond to the market, serve the economy, show care for the livelihood of the people, and strive for development. IB has promoted the continuous, fast and healthy development of its all businesses, continuously enhanced its comprehensive strength and gradually manifested its own distinct characteristics. Its development scale, speed, quality and efficiency are among the highest in the industry. As of the end of March 2010, the total assets of IB were almost RMB 1.5 trillion, the balance of loans was nearly RMB 750 billion, and total client deposits exceeded RMB 930 billion, which were 2.42, 2.31 and 2.21 times the totals before its IPO in 2007 respectively. Moreover, its NPL ratio was only 0.53%, the lowest in its history, reaching an international standard. Its profitability has also increased considerably. Its net profit in 2009 exceeded RMB 13.2 billion. The total after-tax profit achieved by the bank in the three years since its IPO is RMB 33.3 billion. The compound growth ratio of net profit over the last three years is 51.76%, and its weighted average ROE has remained high at around 25%. These two figures are 10% and 6% higher than the average level of public listed banks respectively.
Since its IPO, IB has placed a large focus on investor relations management. It actively communicates with investors by means of introductory seminars, online investor exchanges, special business survey meetings, investor hotlines and investor mail. This allows the bank to promptly and objectively transmit information in regard to bank investment value, and helps it to maintain an image as a responsible public listed bank. IB has been granted many honors, such as “Golden Bull Prize of China's Top 100 Public Listed Companies 2008”, “Public Listed Bank with the Most Value for Investment 2009”, “Best Fortune Making IR Prize in China's Capital Market 2009”, “Second Prize of Top 100 Companies for Investor Relations”, “Best Communication Prize” and “Best Prize for Contribution to Social Responsibilities”.