Interface News reporter | an Zhen
May 13thMegamillionscosttoplayThe official Wechat account of the Commission for discipline Inspection and Supervision of Henan Province said: "Qingfeng Zhongyuan"MegamillionscosttoplayWang Tianyu, director of the Culture, Culture and History Committee of the Chinese people's political Consultative Conference in Zhengzhou, is currently under disciplinary examination and supervision investigation by the Henan Provincial Commission for discipline Inspection.
It is worth noting that Wang Tianyu worked in Zhengzhou Bank for a long time and stepped down as chairman of Zhengzhou Bank in March 2023. According to his public resume, Wang Tianyu, born in March 1966, is a doctor of economics and a senior accountant. He joined Zhengzhou Bank in August 1996 and has worked for the bank for nearly 27 years.
From December 1999 to October 2005, Wang Tianyu served as party committee member and vice president of Zhengzhou Bank, party committee secretary and president from October 2005 to June 2006, and party committee secretary, president and director from June 2006 to November 2010.
Since November 2010, Wang Tianyu has served as chairman of Zhengzhou Bank, as well as party committee secretary and president of the bank. Until December 2011, Wang Tianyu stepped down as president of Zhengzhou Bank, served as party committee secretary and chairman, and became executive director in February 2012.
During Wang Tianyu's tenure, Zhengzhou Bank completed its dual listing in Hong Kong and Shenzhen. It is also the first A-share listed bank in Henan and the first listed city commercial bank in China.
On March 21, 2023, Zhengzhou Bank announced that Wang Tianyu resigned as executive director and chairman of the Seventh Board of Directors, as well as chairman and member of the Strategic Development Committee of the Board of Directors, and member of the working Committee on Consumer Rights Protection of the Board of Directors. From March 21, Wang Tianyu will no longer hold any position at the bank or its holding subsidiary.
At that time, the Bank of Zhengzhou spoke highly of Wang Tianyu, saying that with his strong talent and rich industry experience, he had made a great contribution to the development of the bank, was respected by the whole bank, and was the pioneer and leader of Zheng Yin's career.
The current chairman of Zhengzhou Bank is Zhao Fei, born in February 1975. He graduated from Zhengzhou University as an economist. He has worked for a long time in the Henan branch of the Agricultural Development Bank of China. He joined Zhengzhou Bank in September 2022 as president and became chairman in July 2023.
It is worth noting that the performance of Zhengzhou Bank has been under pressure in recent years. According to the annual report, Zhengzhou Bank achieved a total revenue of 136 in 2023.Megamillionscosttoplay.67 billion yuan, down 9% from the same period last yearMegamillionscosttoplay.5%; the net profit belonging to shareholders was 1.85 billion yuan, down 23.62% from the same period last year. In 2023, the bank's revenue fell for the first time in seven years and its net profit hit its lowest level since it went public.
For the performance changes in 2023, Zhengzhou Bank pointed out that "due to changes in the size of foreign currency assets and exchange rate fluctuations, the narrowing of superimposed interest spreads and other factors, operating income and net profit are lower than those in the same period".
Despite the decline in net profit, Zhengzhou Bank still made a total profit of more than 10 billion yuan in the past four years, but the bank is the only one of the 42 A-share listed banks that has not paid a dividend in the past four years. At the performance meeting, Zhao Fei gave three major reasons for not paying dividends: first, profitability has been affected to a certain extent; second, to further enhance the ability to resist risks; third, the retained undistributed profits are used as a supplement to core first-tier capital.
