Investment Rating - The investment rating for Chongqing Bank is "Cautious Accumulate" [5]. Core Views - Chongqing Bank's 2023 performance shows stable growth with continuous improvement in asset quality. The bank is strategically located in the core area of the Chengdu-Chongqing economic circle, benefiting from rapid regional economic development. The retail loan structure has been effectively adjusted [3][4]. - As of the end of 2023, the core Tier 1 capital adequacy ratio stands at 9.78%, and the cash dividend rate has remained high and stable over the past three years, with the H-share dividend yield approaching 10%, indicating a high investment value [3][4]. - In Q4 2023, both revenue and profit growth improved, leading to stable annual performance, with a slight revenue decline of 1.9% and a minor net profit increase of 1.3%. Notably, Q4 2023 revenue grew by 5.5% year-on-year, primarily driven by a significant increase of 410% in other non-interest income [3][4]. Financial Summary - For the fiscal year 2023, Chongqing Bank reported a revenue of 13,211 million RMB, reflecting a decrease of 1.9% compared to the previous year. The net profit for the same period was 4,930 million RMB, showing a slight increase of 1.3% [4]. - The bank's price-to-earnings (PE) ratio is 3.01, and the price-to-book (PB) ratio is 0.29, indicating a relatively low valuation compared to historical levels [4]. Loan and Asset Quality - In Q4 2023, Chongqing Bank's net loan increase was 6.6 billion RMB, with a focus on higher quality loans. The total loan growth for the year was 11.3%, an increase of 0.4 percentage points from 2022, with 52% of new loans directed towards leasing and business services, and 10% towards infrastructure [3][4]. - The non-performing loan (NPL) ratio at the end of Q4 2023 rose slightly to 1.34%, but both the attention rate and overdue rate decreased compared to mid-year levels, indicating an overall improvement in asset quality [3][4].

Investment Rating - The report assigns a cautious buy rating to Chongqing Bank [1] Core Views - Chongqing Bank has significantly improved its asset quality and exhibits characteristics of a typical dividend stock with low valuation and high dividends, benefiting from regional economic recovery [2][3] - The bank is the first A+H listed city commercial bank in the western region, covering "one city and three provinces," with a stable market share in Chongqing [2][10] - The bank's credit risk management has improved, with a focus on local business and significant write-offs of non-performing loans [13][15] - The regional economic recovery provides positive options for growth, with Chongqing Bank poised to benefit from government policies aimed at stabilizing growth [2][3] - The bank's current H-share price-to-book (PB) ratio is at a historical low of 0.25x, with a dividend yield exceeding 10% in 2023, indicating high investment value [2][3] Summary by Sections 1. Overview of Chongqing Bank - Chongqing Bank was established in 1996 and became the first A+H listed city commercial bank in the western region in 2021 [7] - The bank has a diversified and decentralized shareholding structure, with no controlling shareholder [7][8] 2. Asset Quality Improvement - The bank's asset quality has significantly improved, with a focus on local business and substantial write-offs of non-performing loans [13][15] - The non-performing loan (NPL) ratio was 1.33% as of Q3 2023, which is higher than comparable peers [19] 3. Profitability and Growth Potential - Chongqing Bank's profitability is slightly below the industry average, with a return on equity (ROE) of 10.2% in 2022, lower than the average of 11.99% for listed city commercial banks [21][23] - The bank's growth in assets and loans has slowed since 2016, reflecting the regional economic conditions [24] 4. Investment Analysis - The bank's low valuation and high dividend yield make it an attractive investment opportunity [2][3] - The regional economic recovery is expected to support the bank's growth and asset quality improvement [2][3]

Financial Performance - The net profit for the year 2023 is CNY 4.699 billion, with a proposed cash dividend of CNY 0.408 per share[6]. - Net profit for 2023 was CNY 5.229 billion, reflecting a year-on-year growth of 2.20%[53]. - Net profit attributable to shareholders was RMB 4,929,787 thousand, representing a 1.27% increase from RMB 4,867,857 thousand in 2022[41]. - The bank's total liabilities amounted to RMB 700,584,443 thousand, an increase of 10.64% from RMB 633,217,086 thousand in 2022[42]. - The total equity of the group was RMB 59.30 billion, an increase of RMB 7.80 billion, representing a growth of 15.15% year-on-year[106]. - The average return on total assets decreased to 0.72% from 0.78% in 2022, while the weighted average return on equity slightly declined to 10.14%[43]. - The bank's operating income for 2023 was CNY 12.846 billion, with net interest income at CNY 10.447 billion, a decrease of 3.34% year-on-year[55]. - The total amount of customer loans and advances was RMB 392.93 billion, an increase of RMB 40.36 billion or 11.45% year-on-year[88]. Asset and Liability Management - As of December 31, 2023, the total assets of the Bank of Chongqing amounted to CNY 759.884 billion, with total deposits of CNY 414.813 billion and total loans of CNY 392.935 billion[28]. - The bank's total capital net amount reached RMB 69,708,993 thousand, reflecting a 14.22% increase from RMB 61,032,503 thousand in 2022[42]. - The capital adequacy ratio stood at 13.37%, with core Tier 1 capital ratio at 9.78%, both showing an increase from the previous year[54]. - The total amount of impaired financial assets was RMB 1,389.09 million, an increase from RMB 786.45 million, indicating a rise in credit risk[93]. - The total amount of high-quality liquid assets as of December 31, 2023, was RMB 132.62 billion, up from RMB 103.02 billion in 2022[174]. Risk Management - The bank emphasizes a risk management framework that covers various types of risks, ensuring that returns are aligned with the risks undertaken, thereby maximizing shareholder value[159]. - The bank's credit risk management focuses on supporting the real economy while optimizing the credit structure, particularly in modern manufacturing, green finance, and rural revitalization[160]. - The bank has implemented a dynamic management approach for non-performing assets, exploring new methods to enhance recovery efficiency and asset value[161]. - The provision for loan losses increased to RMB 12.14 billion, up RMB 2.01 billion from the previous year, with a non-performing loan coverage ratio of 234.18%[126]. - The company emphasizes the importance of risk management, enhancing its capabilities through a structured risk management framework and leveraging technology for better monitoring[40]. Digital Transformation and Innovation - The company has initiated 45 key digital transformation projects to enhance service innovation and operational efficiency[48]. - The bank's digital transformation investment grew by 21%, enhancing data management and technological capabilities[50]. - The digital credit product system launched 4 brands and 16 main products, with a cumulative issuance of 46.44 billion RMB and a remaining balance of 13.65 billion RMB[148]. - The company is focusing on digital transformation and has implemented a comprehensive online operation for deposit products, enhancing market expansion and business marketing capabilities[135]. - The company is enhancing its technology capabilities by optimizing digital tools to improve customer acquisition and management processes[195]. Strategic Vision and Goals - The bank's strategic vision focuses on becoming a first-class commercial bank with a commitment to local economic service and digital transformation[28]. - The company aims to stabilize asset quality, financial management, and operational safety in 2024[193]. - The company plans to enhance financial services in line with major national strategies, including the Chengdu-Chongqing economic circle[194]. - The company will focus on increasing credit asset ratios and expanding retail, inclusive finance, and green loan businesses[194]. - The company intends to optimize loan pricing and improve the efficiency of credit processes through automation and digitalization[194]. Awards and Recognition - The bank has been recognized for four consecutive years as a pioneer in financial technology innovation by the People's Bank of China[28]. - The company won several awards at the 2023 Third China Asset Management and Wealth Management Industry Golden Reputation Awards, including "Outstanding Asset Management City Commercial Bank" and "Outstanding Innovation Asset Management Bank" in June 2023[33]. - The company received the "2023 Annual Green Finance Innovation Case" by The Banker magazine in October 2023[34]. - The company has been recognized as a "Leader" in enterprise standards for the fourth consecutive year by multiple regulatory bodies in March 2023[33]. - The company received the "Pioneer 100 Index (2023)" award for its ESG efforts from the State-owned Assets Supervision and Administration Commission in December 2023[34]. Governance and Compliance - The company has fully complied with the corporate governance code as per the Hong Kong Stock Exchange regulations during the reporting period[196]. - The compliance management framework has been strengthened, with initiatives such as the "Compliance System Construction Strengthening Year" to enhance compliance capabilities and ensure adherence to regulations[179]. - The group has established a balanced mechanism between capital occupation and risk assets to ensure sustained compliance with capital adequacy ratios[182]. - The company is committed to high-level corporate governance, adhering to relevant laws and regulations, and continuously optimizing its governance structure[196]. - The company has established a transparent governance framework to protect shareholder rights and enhance corporate value[196].

财联社12月22日讯（记者 邹俊涛）追债近两年未果，重庆银行一纸诉状将中金公司等中介机构告上法庭。 12月22日晚，重庆银行发布关于诉讼事项的公告。公告称，该行向成渝金融法院提起诉讼，请求判令中国国际金融股份有限公司（以下简称"中金公司"）、 天职国际会计师事务所（特殊普通合伙）（以下简称"天职国际"）、东方金诚国际信用评估有限公司（以下简称"东方金诚"）等机构对重庆爱普地产（集 团）有限公司（以下简称"重庆爱普公司"）债券发行披露文件中虚假陈述导致的该行损失承担连带赔偿责任。 重要内容提示: ● 案件所处的诉讼(仲裁)阶段:已立案未开庭; ● 上市公司所处的当事人地位:原告: ● 涉案的全额: 债权投资本金 500,000,000 元以及按合同约定计算的利息和 ● 是否会对上市公司损益产生负面影响: 本次诉讼尚未开庭审理，本行已 将本次诉讼所涉债权投资纳入不良，并已对该笔债权计提相应减值准 备,预计本次诉讼事项不会对本行的本期利润或期后利润造成重大影 响,本行将根据案件审理情况依法履行信息披露义务。 露文件中虚假陈述导致的本行损失承担连带赌偿责任。近日,本行收到成渝金融 法院的《受理案件通知书》,现将本次诉 ...

每经记者 王砚丹 每经编辑 彭水萍 12月22日晚间，重庆银行发布公告，公司向成渝金融法院提起诉讼，请求判令中金公司、天职国际会计 师事务所(特殊普通合伙)、东方金诚国际信用评估有限公司、雷晓阳、简福庆、张剑峰、陈泯、程伟、 王林强等九家被告对重庆爱普地产(集团)有限公司债券发行披露文件中虚假陈述导致的本行损失承担连 带赔偿责任。 重庆银行表示，2016年2月4日，公司认购重庆爱普公司非公开发行公司债券5亿元，因重庆爱普公司未 能支付债券本金及利息等，公司以重庆爱普公司及相关担保人为被告向重庆市第一中级人民法院提起诉 讼，但因重庆爱普公司及相关担保人无可供执行财产，该债券本息尚未清偿。 重庆银行认为上述九名被告在上述债券发行披露的文件中未按照法律法规及行业规范履行职责，债券发 行《募集说明书》中未如实足额披露发行人负债及对外担保情况，存在虚假记载、误导性陈述及重大遗 漏等行为，因此要求其共同赔偿重庆银行投资上述债券所导致的债券本金损失5亿元以及截至目前1.99 亿元的债券利息及逾期利息损失。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 BANK OF CHONGQING CO., LTD.* 重慶銀行股份有限公司* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1963） 二〇二三年第三季度報告 重慶銀行股份有限公司*（「本行」）董事會（「董事會」）欣然公佈本行及其附屬公司 （「本集團」）截至2023年9月30日止第三季度期間（「報告期」）參照《國際財務報告 準則》（「國際財務報告準則」）編製的未經審計業績。本季度報告乃根據香港聯合 交易所有限公司證券上市規則（「上市規則」）第13.09條及香港法例第571章證券及 期貨條例第XIVA部項下之內幕消息條文（定義見上市規則）的要求做出。 1. 重要提示 1.1 本行董事會、監事會及董事、監事、高級管理人員保證本季度報告內容 的真實、準確、完整，不存在虛假記載、誤導性陳述或者重大遺漏，並 承擔個別和連帶的法律責任。 1.2 本行第六屆董事會第七十六次會議於2023年10月27日以 ...

Financial Performance - The net profit for the first half of 2023 was CNY 3,052,330 thousand, representing a year-on-year increase of 5.36% from CNY 2,896,970 thousand in 2022[13]. - Net interest income for the first half of 2023 was CNY 5,386,427 thousand, a slight increase of 0.60% compared to CNY 5,354,539 thousand in the same period of 2022[13]. - The operating income for the first half of 2023 was RMB 6.73 billion, an increase of 1.29% compared to the same period last year[24]. - The group's pre-tax profit for the first half of 2023 was RMB 3.43 billion, down RMB 45.50 million or 1.31% compared to the same period last year[52]. - The net profit attributable to the shareholders of the bank for the first half of 2023 was RMB 2.91 billion, representing a year-on-year increase of 4.38%[22]. Asset and Liability Management - As of June 30, 2023, the total assets of the Bank of Chongqing amounted to CNY 727.06 billion, with total deposits of CNY 406.18 billion and total loans of CNY 378.41 billion[9]. - The total liabilities of the group reached RMB 673.09 billion, an increase of 6.30% from the previous year-end[20]. - The total equity of the group was RMB 53.97 billion, an increase of RMB 2.47 billion or 4.80% from the end of 2022[72]. - The capital adequacy ratio stood at 12.50%, indicating a stable capital strength[21]. - The core tier 1 capital adequacy ratio was 9.38% as of June 30, 2023, slightly down from 9.52% at the end of 2022[16]. Loan Quality and Risk Management - The non-performing loan ratio stood at 1.21%, with a provision coverage ratio of 251.88%, indicating strong asset quality and compliance with regulatory requirements[9]. - The non-performing loan ratio improved to 1.21% as of June 30, 2023, down from 1.38% at the end of 2022, indicating better asset quality[16]. - The loan loss provisions increased to RMB 11.43 billion, with a non-performing loan coverage ratio of 251.88%, up by 40.69 percentage points from the previous year[94]. - The group has strengthened risk management and credit risk prevention measures amid challenging macroeconomic conditions[75]. - The group is exploring new methods for managing non-performing assets to improve recovery efficiency and asset value[132]. Digital Transformation and Innovation - The bank achieved a 55.72% growth in self-operated online consumer products, emphasizing its digital transformation and technology-driven initiatives[9]. - The bank's digital banking services have integrated over 90 financial services in the upgraded mobile banking version 6.0, enhancing user experience[120]. - The bank has completed the design of the digital credit scene loan foundation, facilitating the migration of related products to the self-developed decision-making platform "Xinghan Zhice"[117]. - The company is enhancing its digital development by implementing a "Remote Assistance" system for loan processes, improving customer interaction and service efficiency[105]. - The digital credit product "Haoqi Loan" has cumulatively issued over 40.86 billion CNY, with a balance of 13.67 billion CNY, reflecting a year-to-date increase of 0.83 billion CNY, or 6.42%[117]. Regulatory Compliance and Governance - The financial report for the first half of 2023 has not been audited[6]. - The bank's board of directors confirmed the accuracy and completeness of the semi-annual report, assuming legal responsibility for any misrepresentation or omissions[6]. - The group has established a robust anti-money laundering framework, enhancing compliance through the development of a comprehensive management system and digital tools to monitor risks effectively[149]. - The group has met the minimum capital requirements set by the National Financial Supervision Administration, ensuring compliance with transitional arrangements and counter-cyclical capital requirements[151]. - The commitments made by the company and its major shareholders are effective from February 5, 2021, and are intended to be long-term[181]. Market Position and Recognition - The bank has been recognized as an investment-grade institution by Standard & Poor's for the past year, highlighting its financial stability[9]. - The bank has been ranked among the top 300 banks in the world by The Banker magazine for eight consecutive years, showcasing its competitive position[9]. - The company was recognized as an advanced unit for financial services to small and micro enterprises by the Chongqing Banking and Insurance Regulatory Bureau[103]. - The company has launched innovative products such as "Flow Loan" and "Communication Chain Quick Loan" to meet the financing needs of small and micro enterprises[104]. - The company is focusing on enhancing financial services for small and micro enterprises, increasing credit support and optimizing service pricing based on market rates[104]. Economic Environment and Outlook - The domestic GDP growth for the first half of 2023 was 5.50%, supporting the annual growth target of around 5%[159]. - The GDP of Chongqing grew by 4.60% year-on-year in the first half of 2023, indicating a recovery in the local economy[160]. - The banking sector will focus on supporting high-quality development of the real economy, enhancing technology-driven financial transformation, and advancing inclusive and green finance[160]. - Infrastructure investment and manufacturing investment show resilience, with significant potential for digital and green transformation in enterprises[160]. - The regulatory environment is evolving with ongoing reforms in financial supervision, aiming to strengthen risk prevention and enhance governance in financial institutions[160].

Financial Performance - Bank of Chongqing reported unaudited interim results for the six months ended June 30, 2023[1]. - The net profit for the first half of 2023 was RMB 3,052,330 thousand, representing a year-on-year increase of 5.36% from RMB 2,896,970 thousand in 2022[13]. - Net interest income for the first half of 2023 was RMB 5,386,427 thousand, a slight increase of 0.60% compared to RMB 5,354,539 thousand in the same period of 2022[13]. - The operating income for the first half of 2023 was RMB 6.73 billion, an increase of 1.29% compared to the same period last year[26]. - The net profit attributable to the shareholders of the bank for the first half of 2023 was RMB 2.91 billion, up 4.38% from the same period last year[24]. - The total customer loans and advances amounted to RMB 378.41 billion, reflecting a growth of 7.33% year-on-year[22]. - The total customer deposits amounted to RMB 406.18 billion, reflecting a growth of 6.16% year-on-year[22]. - The total liabilities of the group reached RMB 673.09 billion, an increase of 6.30% from the previous year-end[22]. - The total assets of the group reached RMB 727.06 billion, an increase of 6.18% compared to the end of the previous year[22]. Risk Management - The bank faces significant risks and has outlined measures to address them in the risk management section of the report[6]. - The non-performing loan ratio stood at 1.21%, with a provision coverage ratio of 251.88%, meeting regulatory requirements[9]. - The coverage ratio for loan loss provisions improved to 251.88% as of June 30, 2023, compared to 211.19% at the end of 2022, reflecting stronger risk management[16]. - The bank has established a large exposure risk management system to monitor and control client concentration risks effectively[160]. - The bank has implemented stress testing for liquidity risk at least quarterly, with results indicating that liquidity risk remains within controllable limits[155]. Digital Transformation and Innovation - The bank achieved a 55.72% growth in self-operated online consumer products, emphasizing digital transformation and technology-driven initiatives[9]. - The bank's retail business is focused on digital transformation, enhancing customer engagement through the "Yulehui" e-commerce platform and integrating financial services with high-frequency lifestyle scenarios[117]. - The bank has implemented digital management initiatives to improve risk control and customer relationship management efficiency[111]. - The mobile banking user base surpassed 2 million, with an increase of 227,800 users during the reporting period, representing a growth of 12.83%[130]. - The bank's digital innovation projects have been systematically implemented, with 45 projects selected for the 2023 digital innovation project library[132]. Capital and Funding - The core tier 1 capital ratio was 9.38% as of June 30, 2023, slightly down from 9.52% at the end of 2022, indicating a stable capital position[16]. - The total capital net amount as of June 30, 2023, is CNY 64,572,930 thousand, up from CNY 61,032,503 thousand as of December 31, 2022[169]. - The bank issued RMB 50 billion subordinated bonds in March 2022, with a fixed interest rate of 3.73% for ten years, to supplement Tier 2 capital[175]. - The bank aims to enhance capital strength and optimize capital structure through innovative capital tools and external capital channels[175]. Regulatory Compliance and Governance - The bank's board confirmed the accuracy and completeness of the interim report, with no false statements or significant omissions[6]. - The bank operates under the financial license approved by the China Banking and Insurance Regulatory Commission[2]. - The bank has established a robust anti-money laundering management system and developed a comprehensive set of anti-money laundering policies[165]. - The bank has initiated a special action plan focusing on compliance system enhancement, with six major tasks and eighteen specific measures[164]. Economic Environment - The GDP growth rate for the first half of 2023 was 5.50%, supporting the annual target of around 5%[178]. - Chongqing's GDP grew by 4.60% year-on-year in the first half of 2023, indicating a recovery in economic activities[180]. - Major infrastructure projects and consumer policies are expected to create greater growth opportunities for financial institutions in the region[180]. Customer Engagement and Services - The bank has actively engaged in innovative business development, launching nearly 70 new financial services to meet the needs of various customer segments[9]. - The bank launched innovative products such as "Flow Loan" and "Yumao Loan" to enhance financial services for small and micro enterprises[114]. - The total number of debit cards issued increased by 216,800 to 5.1847 million, with transaction volume reaching CNY 8.961 billion during the reporting period[119]. - The bank's supply chain finance business financing balance exceeded CNY 700 million, transitioning from offline to online services[127]. Shareholder Commitments and IPO Regulations - The bank's shareholders have committed to a 36-month lock-up period for shares following the IPO, effective from February 5, 2021[182]. - The company has committed to not transferring shares held prior to the IPO for 36 months from the listing date[193]. - The company will initiate share repurchase procedures if there are significant misstatements in the prospectus[195]. - The company assures that the prospectus for the IPO does not contain any misleading statements or major omissions, and it will bear legal responsibility for its accuracy and completeness[200].

Financial Performance - Net profit attributable to shareholders for Q1 2023 was RMB 1,543,790 thousand, representing a 3.64% increase from the same period in 2022[3] - Operating income for Q1 2023 was RMB 3,124,509 thousand, showing a slight decrease of 0.04% compared to Q1 2022[3] - The total comprehensive income for the period was RMB 2,011,683 thousand, up from RMB 1,322,479 thousand in the same quarter of 2022, marking a significant increase of 52.2%[18] - The bank's basic earnings per share for the period was RMB 0.43, compared to RMB 0.42 in the same period last year[18] - The net profit for the three months ended March 31, 2023, was CNY 1.544 billion, an increase of CNY 0.054 billion, or 3.64% year-on-year[14] Assets and Liabilities - Total assets as of March 31, 2023, amounted to RMB 709,116,608 thousand, an increase of 3.56% compared to the end of 2022[3] - As of March 31, 2023, the total assets of the group reached CNY 709.117 billion, an increase of CNY 24.404 billion, or 3.56% compared to the end of the previous year[14] - Customer loans and advances totaled RMB 366,710,096 thousand, reflecting a growth of 4.01% year-over-year[3] - Customer deposits reached RMB 402,223,224 thousand, marking a 5.13% increase from the end of 2022[3] - The total equity attributable to shareholders increased to RMB 51,286,743 thousand from RMB 49,336,512 thousand, a rise of 3.9%[20] Cash Flow - The net cash flow from operating activities for Q1 2023 was RMB 4,295,652 thousand, a significant recovery from a negative cash flow in the previous year[3] - The net cash flow from operating activities was RMB 4,295,652 thousand, a significant improvement compared to a net outflow of RMB 25,339,566 thousand in the same period of 2022[22] - The cash flow from financing activities for Q1 2023 was negative CNY 7,527,486 thousand, compared to a positive CNY 19,486,479 thousand in Q1 2022[24] - The cash flow from operating activities showed a significant decrease, with net cash flow of CNY 6,193 thousand in Q1 2023 compared to negative CNY 4,014 thousand in Q1 2022[24] Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio stood at 9.32% as of March 31, 2023, down from 9.52% at the end of 2022[6] - The leverage ratio increased to 6.80% as of March 31, 2023, compared to 6.65% at the end of 2022[7] - The liquidity coverage ratio improved to 270.78% as of March 31, 2023, up from 242.19% at the end of 2022[8] - The core tier 1 capital adequacy ratio was 9.32%, the tier 1 capital adequacy ratio was 10.24%, and the total capital adequacy ratio was 12.45%, meeting regulatory requirements[14] Non-Performing Loans - The non-performing loan balance was CNY 4.525 billion, a decrease of CNY 0.310 billion from the end of the previous year, with a non-performing loan ratio of 1.24%, down 0.14 percentage points[14] - The provision coverage ratio stood at 234.91%, an increase of 23.72 percentage points compared to the end of the previous year[14] Operating Expenses - The operating expenses for the three months were CNY 0.874 billion, an increase of CNY 0.100 billion, or 12.90% year-on-year[14] - The cost-to-income ratio was 26.90%, an increase of 3.19 percentage points compared to the same period last year[14] Investment Activities - Cash received from investment recoveries was CNY 15,836,426 thousand, a decrease from CNY 26,706,120 thousand in the same period of 2022[23] - Cash paid for investments in the first quarter of 2023 was CNY 30,050,080 thousand, significantly higher than CNY 16,316,134 thousand in Q1 2022[23] - The net cash flow from investing activities for Q1 2023 was negative CNY 11,769,564 thousand, compared to a positive CNY 13,018,737 thousand in Q1 2022[23] - Cash received from obtaining investment income in Q1 2023 was CNY 2,482,979 thousand, slightly down from CNY 2,695,578 thousand in Q1 2022[23] - Cash received from dividends in Q1 2023 was CNY 6,400 thousand, while no dividends were received in Q1 2022[23]

Financial Performance - The total assets of the group amounted to RMB 684.713 billion, with total deposits of RMB 382.594 billion and total loans of RMB 352.573 billion[9]. - Net profit for 2022 increased by 5.30% to RMB 5,116,525 thousand compared to 2021[22]. - Operating revenue for 2022 was RMB 13,143,636 thousand, reflecting a decline of 7.63% year-over-year[22]. - Interest income for 2022 was RMB 27,533,983 thousand, a slight increase of 0.45% compared to 2021[22]. - Net interest income decreased by 6.80% to RMB 10,808,258 thousand in 2022[22]. - Total liabilities increased by 11.15% to RMB 633,217,086 thousand in 2022[23]. - The bank's equity attributable to shareholders rose by 4.36% to RMB 49,336,512 thousand[23]. - Basic earnings per share for 2022 were RMB 1.31, up 2.34% from the previous year[22]. - The bank's net cash flow from operating activities was RMB 5,311,657 thousand, an increase of 4.45% compared to 2021[22]. Asset Quality - The non-performing loan ratio stood at 1.38%, with a provision coverage ratio of 211.19%, meeting regulatory requirements[9]. - The coverage ratio for bad loans decreased to 211.19%, down from 274.01% in 2021, reflecting a reduction in provisions[24]. - The non-performing loan (NPL) ratio increased by 0.08 percentage points compared to the end of the previous year, with notable increases in the power, gas, and real estate sectors[96]. - The total amount of overdue loans reached RMB 10.42 billion, an increase of RMB 1.97 billion from the previous year, with an overdue loan ratio of 2.97%, up 0.29 percentage points[101]. - The NPL ratio for mortgage loans rose by 0.53 percentage points to 2.50%, while the NPL ratio for credit loans increased by 0.22 percentage points to 1.04%[97]. Strategic Vision and Development - The company aims to enhance service quality, digital transformation, and distinctive development as part of its strategic vision[9]. - The company emphasizes a strategic development framework of "1-3-3" to promote high-quality growth[9]. - The company aims to become a leading national listed commercial bank with a focus on serving the real economy and small enterprises[15]. - The company plans to strengthen its technology, talent, and management capabilities to support high-quality development[18]. - The company is committed to improving corporate governance and transparency to support high-quality development[21]. Digital Transformation and Innovation - The bank launched a one-stop data application service platform to promote digital transformation[10]. - Digital transformation initiatives included over 120 technology projects, enhancing innovation capabilities in digital credit and risk control[30]. - The bank's digital credit product "Good Enterprise Loan" series has expanded to cover 53 sub-products across 13 application scenarios, with a cumulative investment of 34.8 billion yuan[125]. - The bank's mobile banking personal customer base reached 1.7747 million, an increase of 296,600 from the previous year, with a total transaction amount of 230.486 billion yuan[128]. - The bank's digital transformation efforts have effectively supported the real economy, enhancing operational efficiency and customer experience through technology innovation[124]. Risk Management - The company is committed to risk management and enhancing its overall value through comprehensive optimization[15]. - The bank's liquidity risk management framework has been established to ensure timely access to sufficient funds to meet obligations, adhering to principles of prudence and foresight[149]. - The bank has conducted annual operational risk and control self-assessments (RCSA) to monitor and report operational risk events to the board and senior management[140]. - The bank's operational risk management tools have been enhanced, with a focus on post-loan management and employee behavior governance to mitigate risks in key areas[140]. - The group emphasizes a comprehensive risk management system to ensure that returns match the risks undertaken, aiming for maximum shareholder value[137]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or significant omissions[6]. - The board consists of 14 members, including 4 executive directors, 5 non-executive directors, and 5 independent non-executive directors, promoting diversity in its composition[180]. - The company has established eight specialized committees under the board to enhance governance and decision-making processes[180]. - The board's responsibilities include formulating annual financial budgets and profit distribution plans, as well as overseeing risk management policies[177]. - The company has complied with the corporate governance code and improved its governance practices during the reporting period[173]. Community and Environmental Initiatives - The bank's green finance scale increased by 44.7% compared to the end of the previous year[10]. - The bank's "Carbon Reduction Financing" product was introduced to support green finance initiatives[10]. - The company aims to expand green finance initiatives, promoting services for traditional industries' green upgrades and supporting low-carbon industries[170]. - The bank actively supports the Chengdu-Chongqing economic circle with credit support in key industries[10]. - The company is committed to supporting rural revitalization by developing digital products for agricultural scenarios and increasing credit support for new agricultural business entities[170].