养老，是家之大事、国之大事，实现养老产业的高质量发展，金融助力不可或缺。近年来，甘肃银行积 极践行金融工作政治性和人民性，构建起"线上+线下""行内+行外""金融+非金融"的全方位"适老"金融 服务体系，让"金融为民"的服务理念具象化展现，开启守护银发群体的金融新途。 在适老化改造方面，甘肃银行持续加强网点基础设施建设，在网点内部设立"惠民小站"服务专区，配备 移动填单台、起立助手、爱心专座、轮椅、老花镜、放大镜、免费雨具、血压仪、微波炉、医药箱等服 务设施，切实提升对老年客户的关爱程度与服务质量。 此外，甘肃银行在信贷投放、场景建设等关键环节重点发力，随着甘肃银行在养老金融方面的探索和实 践，养老金融产品和服务持续丰富。甘肃银行与甘肃省内多家龙头企业开展合作，共同建设"甘肃银 行'甘养乐'养老金融示范基地"；围绕养老食堂建设，甘肃银行巧妙运用金融科技打造特色生态场景， 让养老生活更具品质。 莫道桑榆晚，人间重晚晴。甘肃银行将主动适应老年客群以及养老产业的金融需求变化，加速养老金融 产品与服务的创新步伐，不断完善养老金融服务的供给体系，努力做实、擦亮"甘养乐"养老金融品牌形 象，推动人民群众从"养老"变"享老 ...

Financial Performance - Interest income for 2024 was RMB 12,978.1 million, a decrease of 6.6% from RMB 13,900.6 million in 2023[23]. - Net interest income decreased to RMB 4,636.3 million in 2024, down 14.7% from RMB 5,434.5 million in 2023[23]. - Total operating income for 2024 was RMB 5,953.9 million, a decline of 10.6% compared to RMB 6,665.1 million in 2023[23]. - Operating profit for 2024 was RMB 475.7 million, representing a decrease of 16.4% from RMB 569.3 million in 2023[23]. - Annual profit for 2024 was RMB 584.7 million, down 9.6% from RMB 646.6 million in 2023[23]. - The bank's net fee and commission income increased to RMB 400.1 million in 2024, up 5.3% from RMB 379.9 million in 2023[23]. - The bank's total operating expenses for 2024 were RMB 2,376.6 million, slightly down from RMB 2,388.8 million in 2023[23]. - The bank's tax expense for 2024 was RMB 109.0 million, an increase from RMB 77.1 million in 2023[23]. - The total operating income decreased from RMB 6,665.1 million in 2023 to RMB 5,953.9 million in 2024, a decline of 10.65%[110]. - Net profit for 2024 decreased by 9.6% to RMB 584.7 million from RMB 646.6 million in 2023[32]. Asset and Liability Management - Total assets and liabilities increased by over 6%, reaching RMB 400 billion, with loan growth of 4.27% and general deposits growth of 9.46%[6]. - Total assets increased to RMB 414,707.6 million in 2024, up from RMB 388,588.7 million in 2023, representing a growth of 3.0%[24]. - Total liabilities rose to RMB 380,869.7 million in 2024, up from RMB 355,408.6 million in 2023, reflecting a growth of 7.1%[24]. - Customer deposits amounted to RMB 321,379.3 million, up 8.7% year-on-year[32]. - The net amount of customer loans and advances was RMB 225,595.6 million in 2024, accounting for 54.4% of total assets, a decrease of 1.5 percentage points from 2023[79]. - The total customer loans and advances stood at RMB 224,859.5 million, with normal loans comprising 93.8% of the total[97]. - The total amount of interbank deposits was RMB 15,708.6 million in 2024, down from RMB 20,120.3 million in 2023[148]. Loan Portfolio and Quality - Cumulative loan issuance exceeded RMB 100 billion, with green and technology loans growing over 20%[6]. - Customer loans and advances totaled RMB 231,414.3 million in 2024, compared to RMB 222,871.6 million in 2023, marking an increase of 4.7%[24]. - The non-performing loan ratio improved to 1.93% in 2024, down from 2.00% in 2023, showing a reduction of 3.5%[24]. - The provision for impairment losses on customer loans and advances increased by 0.6% to RMB 5,818.7 million as of December 31, 2024, from RMB 5,781.8 million as of December 31, 2023[87]. - The non-performing loans (NPL) amounted to RMB 4,340.7 million, with an NPL ratio of 1.93%, a decrease of 0.07 percentage points from 2.00% in the previous year[98]. - The non-performing loan (NPL) ratio for corporate loans decreased from 1.64% to 1.42%, a decline of 0.22 percentage points[106]. - The non-performing loan ratio for retail loans increased from 3.82% to 4.01%, an increase of 0.19 percentage points[106]. Shareholder Information - Gansu Electric Power Investment Group holds approximately 4.21% of the company's shares as of December 31, 2024[11]. - Gansu Highway Aviation Tourism Investment Group is the major shareholder with an 18.3% stake in the company as of December 31, 2024[11]. - Gansu State-owned Assets Investment Group directly holds about 12.67% and indirectly through subsidiaries holds an additional 10.74% of the company's shares as of December 31, 2024[11]. - Jiuquan Steel Group holds approximately 6.53% of the company's shares as of December 31, 2024[12]. Risk Management - The company aims to enhance its internal control and operational risk management through the GRC system[11]. - The bank's risk management strategy includes a comprehensive assessment of credit, market, operational, and liquidity risks, with regular reporting to the board of directors[176]. - The company manages foreign exchange risk through matching funding sources and uses exposure limits to control adverse impacts from currency fluctuations[185]. - The liquidity risk management framework aims to ensure timely access to sufficient funds to meet obligations and support ongoing operations[188]. - The company has established a GRC system to identify, measure, and monitor operational risks effectively[187]. - The liquidity coverage ratio increased to 190.88% as of December 31, 2024, compared to 157.69% in 2023[190]. Strategic Initiatives - The company aims to enhance customer management and team building while focusing on risk management and operational efficiency in 2025[8]. - The bank aims to enhance risk management and optimize income structure as part of its strategic development plan[31]. - The bank plans to focus on transforming traditional businesses and developing emerging businesses to drive profit growth[31]. - The company prioritizes credit allocation to industries with technological advantages and significant development potential, such as advanced manufacturing and renewable energy[179]. Digital Transformation and Technology - The bank's digital transformation efforts focus on five key capabilities, including business management and product innovation, with a product conversion rate of 63.64% for award-winning products[174]. - The bank launched 43 information system construction projects in 2024, including a mobile banking application compatible with Huawei's HarmonyOS, and an intelligent transaction anti-fraud monitoring platform that monitored 136 million transactions[174]. - The bank's investment in information technology systems was approximately RMB 198.3 million in 2023 and RMB 206.7 million in 2024[173]. Customer Engagement - Retail banking system improved, with over 1.9 million personal asset customers, 158,000 personal loan customers, and 660,000 credit card customers[7]. - The total number of retail wealth management customers exceeded 153,911 as of December 31, 2024[140]. - The total transaction volume for acquiring business reached approximately RMB 115 billion in 2024, up from RMB 89.477 billion in 2023, representing a significant increase[138].

Group 1: Financial Performance and Growth - Gansu Bank has cumulatively issued over 900 billion yuan in various loans, with significant growth in inclusive microloans, technology loans, and green loans, particularly in rural areas where the loan balance approaches 32 billion yuan [1] - Since 2019, Gansu Bank has issued over 475 million yuan in inclusive microloans, with a current loan balance of 131.58 million yuan [6] - The bank's green loan balance has reached 195.7 billion yuan, reflecting its commitment to ecological and sustainable development [7] Group 2: Organizational Development and Governance - Gansu Bank emphasizes high-quality party building as a core driver for its development, enhancing political leadership and decision-making processes [2][3] - The bank has implemented a dual-track career development system for its employees, focusing on building a high-quality professional talent pool [3] - The bank has established a comprehensive risk management system, utilizing big data for credit risk monitoring and enhancing internal control compliance [11] Group 3: Community Engagement and Social Responsibility - Gansu Bank has invested over 151.25 million yuan in infrastructure projects to support rural revitalization, including road repairs and water supply initiatives [13] - The bank has launched the "Seed Loan" product to support the development of the seed industry, with a current loan balance of 1.19 million yuan [14] - Gansu Bank has contributed 300 million yuan to educational initiatives, helping numerous underprivileged students pursue higher education [15] Group 4: Digital Transformation and Innovation - Gansu Bank has achieved significant milestones in digital transformation, with mobile banking customers reaching 4.04 million and a monthly active user base exceeding 1 million [9] - The bank has launched various digital financial products, including online credit loans, enhancing service efficiency and customer satisfaction [6][10] - The bank's digital strategy includes building an ecological platform to support businesses in establishing online stores [9] Group 5: Future Outlook and Strategic Goals - Gansu Bank aims to continue its high-quality financial development, focusing on innovation in financial products and services to enhance overall financial quality [16] - The bank is committed to supporting the local economy and addressing the financial needs of key industries and projects [7][16] - Gansu Bank plans to leverage its comparative advantages and engage in differentiated competition to achieve sustainable growth [16]

Financial Performance - Gansu Bank's net profit for the first half of 2024 was RMB 1.5 billion, representing a 15% increase compared to the same period last year[4]. - The bank's pre-tax profit for the first half of 2024 was RMB 338.7 million, a decrease of 8.8% from RMB 371.4 million in the previous period[10]. - Net profit for the first half of 2024 was RMB 394.5 million, down 3.3% from RMB 408.0 million in the first half of 2023[18]. - The bank's total operating income for the first half of 2024 was RMB 3,156.8 million, a decrease of 9.5% compared to RMB 3,486.7 million in the same period of 2023[18]. - The bank's total operating income for the same period was RMB 3,156,828 thousand, down from RMB 3,486,781 thousand, indicating a decrease of about 9.5%[193]. - The profit for the period was RMB 394,509 thousand, compared to RMB 407,988 thousand in the previous year, reflecting a decline of approximately 3.3%[194]. Asset and Liability Management - The bank's total assets reached RMB 200 billion, reflecting a year-on-year growth of 10%[4]. - Total assets as of June 30, 2024, amounted to RMB 422,173.4 million, an increase of 8.6% from the end of 2023[18]. - Total liabilities increased by 9.3% to RMB 388,570.3 million from RMB 355,408.6 million[11]. - The bank's total liabilities increased to RMB 388,570,231 thousand from RMB 355,408,580 thousand, representing an increase of about 9.3%[195]. - As of June 30, 2024, total equity amounted to RMB 33,603.1 million, an increase from RMB 33,180.1 million as of December 31, 2023[73]. - The bank's total liabilities and equity reached RMB 422,173,357 thousand, up from RMB 388,588,652 thousand, marking an increase of approximately 8.6%[196]. Loan and Deposit Growth - The bank's customer deposits grew by 12% year-on-year, totaling RMB 150 billion[4]. - Customer loans and advances increased by 7.8% to RMB 240,345.2 million from RMB 222,871.6 million[11]. - Total customer loans and advances increased from RMB 217,117.4 million as of December 31, 2023, to RMB 234,132.9 million as of June 30, 2024[74]. - Customer deposits rose by 8.8% from RMB 295,556.2 million as of December 31, 2023, to RMB 321,680.4 million as of June 30, 2024[71]. - The net increase in customer deposits was RMB 26,124,197 thousand, compared to RMB 14,232,187 thousand in the previous year, showing a significant increase of about 83.7%[200]. Non-Performing Loans and Credit Quality - Gansu Bank reported a non-performing loan ratio of 1.5% as of August 29, 2024, indicating a stable credit quality[4]. - The non-performing loan ratio improved slightly to 1.94% from 2.00%[13]. - The bank's non-performing loan (NPL) ratio decreased to 1.94% as of June 30, 2024, down from 2.00% as of December 31, 2023, with NPLs totaling RMB 4,533.5 million[75]. - The NPL ratio for corporate loans decreased from 1.64% as of December 31, 2023, to 1.55% as of June 30, 2024[81]. - The NPL ratio for retail loans increased from 3.82% as of December 31, 2023, to 4.09% as of June 30, 2024[81]. Capital Adequacy and Regulatory Compliance - Gansu Bank's capital adequacy ratio stands at 12.5%, above the regulatory requirement of 10.5%[4]. - The core Tier 1 capital adequacy ratio decreased to 10.88% from 11.38%[13]. - The bank's liquidity coverage ratio increased to 175.89% as of June 30, 2024, up from 157.69% at the end of 2023[143]. - The net stable funding ratio improved to 135.14% as of June 30, 2024, from 127.84% at the end of 2023[143]. Technology and Digital Banking Initiatives - The bank is investing in new technology for digital banking services, aiming to increase online transactions by 30% in 2025[4]. - The bank has over 4.653 million online banking customers, including 77,100 corporate customers and over 4.5759 million retail customers as of June 30, 2024[126]. - The bank has approximately 4.016 million mobile banking customers, with transaction totals around RMB 138.930 billion as of June 30, 2024[127]. - The "Longyin Business" e-commerce platform has onboarded 1,084 merchants and has 2.69 million users as of June 30, 2024[131]. Awards and Recognition - The bank won the "Best Digital Financial Small and Medium Bank" award at the 2024 Small and Medium Bank Development Summit[9]. - The bank received the "Innovation Award for Small and Medium Banks" at the 7th BankDigital Summit[9]. - The bank was awarded the "Best ESG Performance Award" at the 2023 China Financing Awards[9]. Governance and Management - The company has established various committees to enhance governance and oversight, including audit and risk control committees[164]. - The management structure includes independent non-executive directors who provide oversight and independent opinions based on their expertise[164]. - The company is committed to enhancing its governance structure with new appointments and strategic oversight[169]. - The board of directors proposed not to distribute a final dividend for the year 2023 due to the need for sufficient capital support for future business development[183]. Employee and Workforce Management - The company has a total of 4,480 employees as of June 30, 2024, with the largest segment being corporate banking, accounting for 24.67% of the workforce[176]. - Among the employees, 83.28% hold a bachelor's degree, while 8.91% have a master's degree or higher[179]. - The employee training program is tailored to different business lines, emphasizing the company's commitment to professional development[181]. - The workforce is predominantly aged between 31 and 40 years, comprising 53.84% of the total employee count[178].

Financial Performance - Bank of Gansu reported its unaudited interim results for the six months ended June 30, 2024[1]. - The bank's net profit for the period was RMB 1.2 billion, representing a 10% increase compared to the same period last year[1]. - The total operating income for the first half of 2024 was RMB 3,156.8 million, a decrease of 9.5% compared to RMB 3,486.7 million in the same period of 2023[18]. - Net profit for the first half of 2024 was RMB 394.5 million, down 3.3% from RMB 408.0 million in the first half of 2023[18]. - The bank's pre-tax profit for 2024 was RMB 338.7 million, down RMB 32.7 million or 8.8% from the previous year[19]. - The profit for the period was RMB 394,509 thousand, a decrease of 3.9% from RMB 407,988 thousand in the prior year[194]. - The bank's total comprehensive income for the period was RMB 398,099 thousand, down from RMB 407,988 thousand, representing a decrease of approximately 2.2%[199]. Asset and Liability Management - The bank's total assets reached approximately RMB 200 billion, reflecting a year-on-year increase of 12%[2]. - Total assets increased by 8.6% to RMB 422,173.4 million from RMB 388,588.7 million[11]. - Total liabilities increased by 9.3% to RMB 388,570.3 million from RMB 355,408.6 million[11]. - Total equity increased to RMB 33,603.1 million, an increase from RMB 33,180.1 million as of December 31, 2023[73]. - The bank's total liabilities and equity amounted to RMB 422,173,357 thousand, up from RMB 388,588,652 thousand, which is an increase of approximately 8.6%[196]. Loan and Deposit Growth - Customer deposits grew by 15% year-on-year, totaling RMB 150 billion[3]. - Total customer deposits reached RMB 321,680.4 million, increasing by 8.8% from the end of 2023[18]. - Customer loans and advances increased by 7.8% to RMB 240,345.2 million from RMB 222,871.6 million[11]. - The total amount of corporate loans was RMB 152,871.3 million as of June 30, 2024[89]. - The bank's net increase in customer loans and advances was RMB 18,006,726 thousand, compared to RMB 15,463,297 thousand in the previous year, reflecting a growth of about 16.5%[200]. Non-Performing Loans and Credit Quality - The non-performing loan ratio stood at 1.5%, a decrease from 1.8% in the previous period[4]. - The non-performing loan ratio improved slightly to 1.94% from 2.00%[13]. - The bank's non-performing loan (NPL) ratio decreased to 1.94% as of June 30, 2024, down from 2.00% at the end of 2023, with NPLs totaling RMB 4,533.5 million[75]. - Customer loans and advances credit impairment losses fell by 31.2% from RMB 1,247.6 million in 2023 to RMB 858.5 million in 2024[56]. Revenue and Income Sources - Net interest income decreased by 11.6% to RMB 2,537.1 million compared to RMB 2,869.4 million in the same period last year[10]. - Net interest income for the six months ended June 30, 2024, was RMB 2,969.8 million, a decrease of 5.5% compared to RMB 3,142.5 million for the same period in 2023[90]. - Net fee and commission income increased by 5.8% to RMB 218.9 million from RMB 206.9 million[10]. - The bank's net fee and commission income increased to RMB 218,865 thousand, compared to RMB 206,941 thousand, reflecting a growth of approximately 5.5% year-over-year[193]. Strategic Initiatives and Future Outlook - The bank plans to expand its branch network by 10% in the next fiscal year to enhance market presence[2]. - Future guidance indicates a target growth rate of 8% for total loans in the upcoming year[4]. - The bank aims to enhance risk management and optimize income structure as part of its strategic development goals[17]. - The bank is exploring potential mergers and acquisitions to strengthen its market position[2]. Awards and Recognition - The bank was awarded the "Best Digital Financial Small and Medium Bank" at the 2024 Small and Medium Bank Development Summit[9]. - The bank received the "Innovation Award for Small and Medium Banks" at the 7th BankDigital Summit[9]. - The bank won the "Best ESG Performance Award" at the 2023 China Financing Awards[9]. Risk Management and Compliance - The bank's liquidity coverage ratio increased to 175.89% as of June 30, 2024, up from 157.69% at the end of 2023[143]. - The bank has established a comprehensive internal control and operational risk management system to monitor operational risks[140]. - The bank's legal compliance department is responsible for managing legal compliance risks across all branches[146]. - The bank employs various methods for interest rate risk assessment, including duration analysis and stress testing[138]. Digital Transformation and Technology Investment - The bank's investment in information technology was RMB 69.8 million for 2023 and RMB 77.1 million for the first half of 2024[133]. - The bank's digital transformation projects include four launched projects and seven optimized projects, enhancing financial service capabilities[133]. - The bank has over 4.653 million online banking customers, including 77,100 corporate customers and over 4.5759 million retail customers as of June 30, 2024[126]. Corporate Governance and Management - The company has established a modern corporate governance structure in compliance with applicable laws and regulations[182]. - The board of directors includes members with extensive experience in strategic development and management, contributing to major decision-making[162]. - The company is committed to transparency in shareholder equity and compliance with regulatory requirements[161]. - The management team is focused on strategic development and operational management to ensure effective implementation of business plans[162].

Rankings and Awards - Gansu Bank ranked 55th in the "Top 100 Chinese Banks" list by the China Banking Association for the 8th consecutive year[3] - Gansu Bank ranked 315th globally and 63rd domestically in the "Top 1000 World Banks 2023" by The Banker magazine[3] - Gansu Bank achieved the Provincial Governor's Financial Award for the 10th time in 2023[3] - The bank ranked 315th in the 2023 Top 1000 World Banks and 63rd among Chinese banks, according to The Banker magazine[12] Shareholder Structure - Gansu Bank's major shareholder, Gansu Provincial Highway Aviation Tourism Investment Group, holds approximately 18.30% of the bank's shares as of December 31, 2023[6] - Gansu Provincial State-owned Assets Investment Group directly holds approximately 12.67% of Gansu Bank's shares and indirectly holds about 10.74% through its subsidiaries as of December 31, 2023[6] - Gansu Bank's largest shareholder, Jinchuan Group, holds approximately 6.53% of the bank's shares as of December 31, 2023[7] Financial Performance - Net interest income for 2023 was RMB 5,434.5 million, an increase of 7.2% compared to RMB 5,067.9 million in 2022[13] - Fee and commission income for 2023 was RMB 424.0 million, a decrease of 8.6% compared to RMB 464.0 million in 2022[13] - Trading net income for 2023 was RMB 629.0 million, a decrease of 17.5% compared to RMB 762.1 million in 2022[13] - Investment securities net income for 2023 was RMB 116.6 million, an increase of 124.7% compared to RMB 51.9 million in 2022[13] - Exchange net income for 2023 was RMB 47.5 million, a decrease of 77.3% compared to RMB 209.6 million in 2022[13] - Operating income for 2023 was RMB 6,665.1 million, an increase of 2.1% compared to RMB 6,526.8 million in 2022[13] - Operating expenses for 2023 were RMB 2,388.8 million, an increase of 2.2% compared to RMB 2,337.9 million in 2022[13] - Asset impairment losses for 2023 were RMB 3,707.0 million, an increase of 2.5% compared to RMB 3,618.4 million in 2022[13] - Annual profit for 2023 was RMB 646.6 million, an increase of 7.0% compared to RMB 604.3 million in 2022[13] - Total assets increased to RMB 388.5887 billion in 2023, up from RMB 377.2025 billion in 2022[14] - Customer loans and advances grew to RMB 222.8716 billion in 2023, compared to RMB 214.2724 billion in 2022[14] - Customer deposits rose to RMB 295.5562 billion in 2023, up from RMB 279.0392 billion in 2022[14] - Net interest margin (NIM) improved to 1.48% in 2023 from 1.45% in 2022[14] - Non-performing loan (NPL) ratio remained stable at 2.00% in 2023, unchanged from 2022[14] - Provision coverage ratio stood at 133.39% in 2023, slightly down from 134.73% in 2022[14] - Core tier 1 capital adequacy ratio decreased to 11.38% in 2023 from 11.76% in 2022[14] - Total operating income for 2023 was RMB 6,665.1 million, a 2.1% increase from RMB 6,526.8 million in 2022[21] - Net profit for 2023 increased by 7.0% to RMB 646.6 million, up from RMB 604.3 million in 2022[21] - Total assets as of December 31, 2023, were RMB 388,588.7 million, a 3.0% year-on-year increase[21] - Customer loans and advances (including accrued interest) totaled RMB 222,871.6 million, a 4.0% increase compared to 2022[21] - Customer deposits (including accrued interest) reached RMB 295,556.2 million, a 5.9% year-on-year increase[21] - Net interest income for 2023 was RMB 5,434.5 million, a 7.2% increase from RMB 5,067.9 million in 2022[22] - Interest income for 2023 was RMB 13,900.6 million, a 0.8% increase from RMB 13,788.6 million in 2022[22] - Interest expenses decreased by 2.9% to RMB 8,466.1 million in 2023, down from RMB 8,720.7 million in 2022[22] - The non-performing loan ratio remained stable at 2.0% as of December 31, 2023, unchanged from 2022[21] - Investment securities net income for 2023 was RMB 116.6 million, a 124.7% increase from RMB 51.9 million in 2022[22] - Customer deposits increased by 2.47% to RMB 279,754.9 million in 2023, compared to RMB 265,404.8 million in 2022[27] - Net interest income rose to RMB 5,557.0 million in 2023, up from RMB 5,264.6 million in 2022[27] - The net interest margin improved to 1.48% in 2023 from 1.45% in 2022[27] - Interest income from customer loans and advances grew to RMB 10,606.2 million in 2023, accounting for 75.6% of total interest income, up from 74.3% in 2022[31] - The average yield on customer loans and advances decreased to 4.85% in 2023 from 5.05% in 2022[34] - Interest income from investment securities and other financial assets declined by 6.4% to RMB 2,834.7 million in 2023, primarily due to a decrease in average yield from 2.50% to 2.34%[35] - Interest income from interbank placements dropped by 64.3% to RMB 15.6 million in 2023, driven by a 50.7% reduction in average balance and a decrease in average yield from 1.14% to 0.83%[36] - The total interest-bearing liabilities increased to RMB 341,543.9 million in 2023, up from RMB 330,408.7 million in 2022[27] - The average balance of interest-earning assets grew by 3.4% to RMB 375,349.1 million in 2023, contributing to a 0.3% increase in total interest income[32] - The average yield on interest-earning assets decreased to 3.74% in 2023 from 3.85% in 2022, influenced by declining market interest rates[32] - Buyback and lending interest income increased by 22.3% from RMB 264.7 million in 2022 to RMB 323.6 million in 2023, driven by an increase in the average yield from 1.80% to 1.94% and a 13.3% rise in the average balance from RMB 14,744.4 million to RMB 16,704.5 million[37] - Interest income from deposits with the central bank decreased by 5.8% from RMB 257.9 million in 2022 to RMB 243.0 million in 2023, due to a 5.9% reduction in the average balance from RMB 18,042.4 million to RMB 16,981.2 million[38] - Total interest expenses decreased by 2.9% from RMB 8,720.7 million in 2022 to RMB 8,466.1 million in 2023, primarily due to a decline in the average cost rate of interest-bearing liabilities from 2.64% to 2.48%[40] - Interest expenses on customer deposits remained nearly flat at RMB 6,910.2 million in 2023, with the average cost rate decreasing from 2.60% to 2.47% and the average balance increasing by 5.4% to RMB 279,754.9 million[41] - Interest expenses on repurchase agreements and borrowed funds increased by 38.8% from RMB 122.3 million in 2022 to RMB 169.7 million in 2023, driven by a 109.9% rise in the average balance to RMB 6,668.4 million[42] - Interest expenses on issued debt securities decreased by 27.2% from RMB 811.6 million in 2022 to RMB 590.7 million in 2023, with the average balance declining by 21.6% to RMB 23,556.7 million[43] - Net interest margin increased from 1.45% in 2022 to 1.48% in 2023, supported by the company's efforts to optimize asset structure and reduce liability costs[46] - Net fee and commission income decreased by 5.0% from RMB 400.0 million in 2022 to RMB 379.9 million in 2023, mainly due to reduced fees in agency and settlement services[48] - Trading net income decreased from RMB 762.1 million in 2022 to RMB 629.0 million in 2023, as the company reduced investment asset transactions to increase credit support for the real economy[49] - Investment securities and other financial assets generated a net income of RMB 116.6 million in 2023, up from RMB 51.9 million in 2022[50] - Net exchange gains decreased to RMB 47.5 million in 2023 from RMB 209.6 million in 2022, primarily due to foreign exchange rate fluctuations[51] - Other operating income increased to RMB 57.6 million in 2023 from RMB 35.3 million in 2022, mainly due to rental and other business income[52] - Operating expenses increased by 2.2% to RMB 2,388.8 million in 2023 from RMB 2,337.9 million in 2022, driven by higher employee costs and general administrative expenses[53] - Employee costs rose by 1.4% to RMB 1,261.8 million in 2023 from RMB 1,244.6 million in 2022, with a notable 59.2% increase in union and employee education expenses[56] - General administrative expenses increased by 9.6% to RMB 590.8 million in 2023 from RMB 539.0 million in 2022, reflecting the company's business transformation efforts[57] - Credit/asset impairment losses increased by 2.4% to RMB 3,707.0 million in 2023 from RMB 3,618.4 million in 2022, with a 56.7% rise in investment asset impairment losses[59] - Total assets grew to RMB 388,588.7 million in 2023 from RMB 377,202.5 million in 2022, with customer loans and advances accounting for 57.4% of total assets[62] - Customer loans and advances net of impairment losses increased to RMB 217,089.8 million in 2023 from RMB 208,623.2 million in 2022, representing 55.9% of total assets[63] - Investment securities and other financial assets decreased to RMB 127,021.7 million in 2023 from RMB 131,295.5 million in 2022, accounting for 32.7% of total assets[63] - Total customer loans and advances increased by 4.0% to RMB 222,871.6 million as of December 31, 2023, accounting for 57.4% of total assets, up 0.6 percentage points from 2022[64] - Corporate loans grew by 4.2% to RMB 142,825.3 million, driven by increased support for the real economy in line with national policies[66] - Retail loans increased by 4.0% to RMB 51,972.0 million, primarily due to the development of credit card overdraft business and increased consumer loan offerings[66] - Credit loans rose by 15.6% to RMB 33,870.8 million, driven by the expansion of credit card overdraft and online credit products[68] - Impairment losses on customer loans and advances increased by 2.3% to RMB 5,781.8 million, reflecting higher provisions and increased recovery efforts[69] - Investment securities and other financial assets decreased by 2.4% to RMB 130,134.3 million, as the company shifted focus to credit asset allocation[70] - Total liabilities increased to RMB 355,408.6 million, with customer deposits accounting for 83.2% of total liabilities, up from 81.0% in 2022[71][72] - Customer deposits grew to RMB 295,556.2 million, reflecting the company's strong deposit base and focus on retail and corporate clients[72] - Total customer deposits (including accrued interest) increased by 5.9% from RMB 279,039.2 million as of December 31, 2022, to RMB 295,556.2 million as of December 31, 2023, driven by steady growth in retail deposits due to enhanced marketing efforts[74] - The bank issued zero-coupon interbank certificates of deposit totaling RMB 45,000.0 million from January 1, 2023, to December 31, 2023, with effective annual interest rates ranging from 2.06% to 2.89%[75] - Total equity increased from RMB 32,599.3 million as of December 31, 2022, to RMB 33,180.1 million as of December 31, 2023, with retained earnings rising from RMB 4,247.0 million to RMB 4,796.8 million[76] - Non-performing loans (NPLs) amounted to RMB 4,334.4 million as of December 31, 2023, with an NPL ratio of 2.00%, unchanged from the previous year[78][79] - Retail loans accounted for 23.9% of total loans, with NPLs in retail loans amounting to RMB 1,985.8 million, representing an NPL ratio of 3.82%[82] - The manufacturing sector accounted for 14.6% of total loans, with NPLs of RMB 227.1 million and an NPL ratio of 0.72%[82] - The real estate sector accounted for 5.0% of total loans, with NPLs of RMB 488.4 million and an NPL ratio of 4.46%[82] - The wholesale and retail trade sector accounted for 5.8% of total loans, with NPLs of RMB 883.0 million and an NPL ratio of 7.06%[82] - The agriculture, forestry, animal husbandry, and fishery sector accounted for 3.5% of total loans, with NPLs of RMB 268.6 million and an NPL ratio of 3.51%[82] - The construction sector accounted for 6.7% of total loans, with NPLs of RMB 153.6 million and an NPL ratio of 1.05%[82] - Loans to manufacturing, leasing and business services, construction, wholesale and retail, and real estate sectors accounted for 65.7% and 66.1% of the company's total corporate loans as of December 31, 2022, and December 31, 2023, respectively[83] - The top ten single borrowers accounted for 12.3% of the total loans, with the largest borrower in the manufacturing sector having a loan balance of RMB 8,000 million, representing 3.7% of total loans[85] - The corporate loan non-performing loan (NPL) ratio decreased from 1.69% as of December 31, 2022, to 1.64% as of December 31, 2023, a decrease of 0.05 percentage points[88] - The retail loan NPL ratio increased from 3.76% as of December 31, 2022, to 3.82% as of December 31, 2023, an increase of 0.06 percentage points[88] - The total loan balance increased from RMB 210,063.4 million as of December 31, 2022, to RMB 217,117.4 million as of December 31, 2023[86] - The company's operating income from corporate banking, retail banking, and financial markets business accounted for 40.2%, 41.9%, and 15.8% of total operating income, respectively, as of December 31, 2023[90] - The total off-balance sheet commitments decreased from RMB 27,558.0 million as of December 31, 2022, to RMB 24,393.4 million as of December 31, 2023, primarily due to proactive adjustments in off-balance sheet asset structure[93] - The bank's inclusive finance small and micro loan balance reached RMB 12.443 billion, with a cumulative annual issuance of RMB 10.058 billion, serving 15,546 small and micro customers, including 1,957 small and micro enterprises and 13,589 individual businesses and small business owners[94] - The average interest rate for inclusive finance small and micro loans was 5.66%, with RMB 6.002 billion issued to 1,320 small and micro enterprises[94] - The bank launched the "Xiao Wei E Loan" product, issuing RMB 3.093 billion to 10,938 small and micro business owners and individual businesses, with an interest rate not exceeding 5.5%[94] - The bank's agricultural loans reached RMB 17.479 billion, with a net increase of RMB 911 million, and issued RMB 1.557 billion in loans for six major industries including livestock and crops[94] - The bank had 3,

Bank Rankings and Achievements - Bank of Gansu ranked 55th in the "Top 100 Chinese Banks" list for 2023, marking its 8th consecutive year in the ranking[3]. - The bank achieved a ranking of 315th in the "2023 Global Top 1000 Banks" by The Banker magazine, with a domestic ranking of 63rd based on Tier 1 capital[3]. - The bank has received the provincial financial award for the 10th time, reflecting its commitment to excellence in financial services[3]. - Gansu Bank was awarded the "Best Retail Business Small and Medium Bank" in 2023 by Contemporary Banker magazine[12]. Financial Performance - In 2023, Gansu Bank reported a net interest income of RMB 5,434.5 million, an increase of 7.2% from RMB 5,067.9 million in 2022[13]. - The total operating income for 2023 was RMB 6,665.1 million, up from RMB 6,526.8 million in 2022, reflecting a growth of 2.1%[13]. - The bank's annual profit reached RMB 646.6 million, representing an increase of 7% compared to RMB 604.3 million in the previous year[13]. - Gansu Bank's total interest income for 2023 was RMB 13,900.6 million, slightly up from RMB 13,788.6 million in 2022[13]. - The bank's operating expenses increased to RMB 2,388.8 million in 2023 from RMB 2,337.9 million in 2022, marking a rise of 2.2%[13]. - Net profit rose by 7.0% to RMB 646.6 million in 2023, compared to RMB 604.3 million in 2022[21]. Asset and Loan Management - Total assets increased to RMB 388,588.7 million in 2023, up from RMB 377,202.5 million in 2022, representing a growth of 3.7%[14]. - Customer loans and advances totaled RMB 222,871.6 million, an increase from RMB 214,272.4 million in the previous year, reflecting a growth of 3.7%[14]. - The non-performing loan ratio was maintained at 2.00%, consistent with the previous year[14]. - The provision for impairment losses on customer loans and advances increased by 2.3% to RMB 5,781.8 million as of December 31, 2023, reflecting the company's strategy to enhance risk resistance capabilities[69]. Risk Management - The bank emphasizes the importance of risk prevention and has established a comprehensive risk management responsibility system[3]. - The bank's GRC system is used for internal control compliance and operational risk management[6]. - The bank's credit risk management strategy categorizes industries into four types: aggressive growth, selective growth, maintain share, and contraction, with tailored credit strategies for each[144]. - The bank's liquidity risk management framework emphasizes the separation of responsibilities for policy implementation and oversight[149]. Customer Deposits and Funding - The bank's total customer deposits increased to RMB 295,556.2 million, up from RMB 279,039.2 million in 2022, reflecting a growth of 5.9%[14]. - Total liabilities rose to RMB 355,408.6 million, compared to RMB 344,603.2 million in 2022, marking a 3.4% increase[14]. - The average cost of interest-bearing liabilities was 2.48%, compared to 2.64% in the previous year[29]. Strategic Goals and Future Outlook - The bank is committed to high-quality development and aims to enhance operational efficiency and quality in 2024, coinciding with the 75th anniversary of the founding of the nation[3]. - The bank's focus for 2024 includes enhancing party building, addressing weaknesses, and promoting structural adjustments[3]. - The bank plans to enhance risk management and optimize income structure as part of its strategic goals[19]. Corporate Governance and Compliance - The company is committed to maintaining a high level of corporate governance and has complied with the corporate governance code during the reporting period[179]. - The company has established a comprehensive anti-money laundering system and submits large transaction reports daily to the Chinese Anti-Money Laundering Monitoring and Analysis Center[156]. - The company has implemented a market-oriented and standardized compensation system for senior management, aligning with performance evaluations[188]. Community and Environmental Initiatives - The bank actively supports regional development initiatives and has contributed to disaster relief efforts in Gansu Province[3]. - The group has issued RMB 1 billion in "green" financial bonds to support green industry projects[197]. - The establishment of a green finance department in June 2017 focuses on promoting green finance initiatives[197].

Financial Performance - The bank's net profit for the first half of 2023 was RMB 1.5 billion, representing a growth of 10% compared to the same period last year[6]. - Profit before tax increased by 27.3% to RMB 371.4 million, compared to RMB 291.7 million in the first half of 2022[12]. - Net profit for the period was RMB 408.0 million, reflecting a 3.2% increase from RMB 395.2 million in the same period last year[12]. - The total operating income for the first half of 2023 was RMB 3,486.7 million, an increase of 15.9% from RMB 3,007.5 million in the same period of 2022[84]. - The total comprehensive income for the six months ended June 30, 2023, was RMB 398,848 thousand, compared to RMB 371,469 thousand for the same period in 2022, reflecting an increase of approximately 7%[200]. Loan and Asset Quality - The total customer loans and advances amounted to RMB 100 billion, reflecting a year-on-year increase of 12%[6]. - The non-performing loan ratio stood at 1.5%, a decrease from 1.8% in the previous period[5]. - Customer loans and advances (including accrued interest) rose by 6.8% to RMB 228,823.5 million compared to RMB 214,272.4 million at the end of 2022[13]. - The non-performing loan ratio decreased to 1.96% from 2.00% at the end of 2022, indicating improved asset quality[15]. - The total amount of customer loans and advances was RMB 223,672.8 million as of June 30, 2023, representing a 7.8% increase from RMB 207,428.5 million as of June 30, 2022[83]. Income and Expenses - Interest income for the first half of 2023 reached RMB 7,081.6 million, a 4.8% increase from RMB 6,759.8 million in the same period of 2022[12]. - Net interest income increased by 21.0% to RMB 2,869.4 million compared to RMB 2,371.5 million in the first half of 2022[12]. - The bank's net fee and commission income decreased by 8.7% to RMB 206.9 million from RMB 226.6 million in the previous year[12]. - Operating expenses increased by 7.9% to RMB 1,052.5 million compared to RMB 975.8 million in the first half of 2022[12]. - Credit impairment losses increased by 18.6% from RMB 1,740.1 million for the six months ended June 30, 2022, to RMB 2,063.2 million for the six months ended June 30, 2023[57]. Capital and Liquidity - The bank's capital adequacy ratio is reported at 12.5%, above the regulatory requirement of 10.5%[5]. - The liquidity coverage ratio as of June 30, 2023, is 142.42%, down from 148.83% on December 31, 2022[143]. - The net stable funding ratio on June 30, 2023, is 126.03%, a decrease from 132.48% on December 31, 2022[143]. - The core tier one capital adequacy ratio is 11.71%, slightly down from 11.76% as of December 31, 2022[152]. Strategic Initiatives - The bank plans to expand its market presence by opening 10 new branches in key urban areas by the end of 2023[6]. - The bank is investing RMB 200 million in technology development to enhance its digital banking capabilities[6]. - The bank aims to enhance risk management and internal control compliance, optimize income structure, and strengthen customer management to improve profit contributions[18]. - The bank's strategy includes transforming traditional businesses and developing emerging businesses to become profit growth points[18]. Customer and Market Engagement - User data showed an increase in active accounts by 15%, reaching 2 million active users[6]. - The total amount of corporate deposits was RMB 80,204.3 million as of June 30, 2023, maintaining a stable share of 27.3% of total customer deposits[94]. - The bank has 309,538 wealth clients and 2,496 private banking clients as of June 30, 2023, indicating ongoing expansion in the wealth management segment[98]. - The company actively promoted inclusive finance during the reporting period, focusing on meeting the financial needs of local customers[89]. Governance and Management - The bank's board of directors includes members with extensive experience in strategic development and management, contributing to the bank's governance[162][163]. - The company emphasizes compliance and legal oversight through its independent directors, leveraging their extensive experience in finance and law[164]. - The company has a structured governance framework with various committees to ensure effective oversight and risk management[164]. - The company is committed to enhancing its operational management and risk control measures as part of its strategic objectives[168].

Financial Performance - Bank of Gansu reported an unaudited interim performance for the six months ended June 30, 2023[1]. - The bank's interim financial data for the first half of 2023 is unaudited and presented in millions of RMB[10]. - Net interest income increased by 21.0% to RMB 2,869.4 million compared to RMB 2,371.5 million in the previous period[11]. - Total operating income for the first half of 2023 was RMB 3,486.7 million, a year-on-year increase of 15.9% from RMB 3,007.5 million in the same period of 2022[83]. - Net profit rose by 3.2% to RMB 408.0 million from RMB 395.2 million year-on-year[18]. - Profit before tax for the six months ended June 30, 2023, was RMB 371,435 thousand, up from RMB 291,711 thousand in the prior year, indicating a growth of approximately 27%[198]. - The bank's total comprehensive income for the period was RMB 398,848 thousand, compared to RMB 371,469 thousand in the same period of 2022, reflecting an increase of approximately 7.4%[199]. Asset Quality - The bank's non-performing loan ratio was not specified, but it is a key metric for assessing asset quality[4]. - Non-performing loan ratio improved slightly to 1.96% from 2.00%[14]. - Non-performing loans amounted to RMB 4,374.2 million as of June 30, 2023, with a non-performing loan ratio of 1.96%, down from 2.00% as of December 31, 2022[75]. - The total credit impairment losses increased by 18.6% to RMB 2,063.2 million for the six months ended June 30, 2023, compared to RMB 1,740.1 million for the same period in 2022[56]. - Customer loan and advance impairment losses increased by 5.9% from RMB 5,649.2 million as of December 31, 2022, to RMB 5,984.6 million as of June 30, 2023, due to enhanced provisioning efforts in response to external economic uncertainties[66]. Shareholder Information - The bank's major shareholders include Gansu Provincial Investment Group, holding approximately 12.67% of the shares directly and an additional 10.74% indirectly[3]. - Gansu Provincial Power Investment Group holds about 4.21% of the bank's shares[2]. - The bank's major shareholder, Gansu Provincial Highway Aviation Tourism Investment Group, holds approximately 18.30% of the shares[3]. - The total issued share capital is 15,069,791,330 shares, with domestic shares accounting for 74.83% and H-shares for 25.17%[152]. - The top shareholder, Gansu Provincial Public Aviation Travel, holds 2,657,154,433 shares, representing 17.63% of the total issued shares[154]. Capital and Liquidity - Core Tier 1 capital adequacy ratio stood at 11.71%, a slight decrease from 11.76%[14]. - The liquidity coverage ratio as of June 30, 2023, is 142.42%, down from 148.83% on December 31, 2022[142]. - The net stable funding ratio as of June 30, 2023, is 126.03%, a decrease from 132.48% on December 31, 2022[142]. - The bank's capital adequacy ratio is calculated in accordance with the regulations set by the financial supervisory authority[150]. - As of June 30, 2023, the core tier 1 capital net amount is RMB 32,767 million, an increase from RMB 32,328.4 million as of December 31, 2022, reflecting a growth of 1.36%[151]. Operational Highlights - The bank's registered address is located at 525-1 Donggang West Road, Chengguan District, Lanzhou City, Gansu Province, China[6]. - The bank was established on November 18, 2011, in Gansu Province, China[2]. - The bank's H-shares are listed on the Hong Kong Stock Exchange, with a nominal value of RMB 1.00 per share[3]. - The bank's performance report complies with the Hong Kong Stock Exchange's listing rules[1]. - The bank's distribution network included 1 head office, 12 branches, 181 sub-branches, 4 micro-branches, and 1 community branch, covering all cities and approximately 95% of counties in Gansu Province as of June 30, 2023[122][124]. Awards and Recognition - The bank received the Provincial Governor's Financial Award for 2022 from the Gansu Provincial Government[9]. - The bank won the UnionPay Innovation Cooperation Excellence Award from China UnionPay[9]. - The bank was recognized as the "Best Retail Business Small and Medium Bank" in the 2023 "Iron Horse" selection[9]. - The bank received the "Good News Award" for serving agriculture, rural areas, and farmers from the China Banking Association in 2022[9]. - The bank won a silver award for "Digital Products" in the 2023 Excellence in Digital Finance Competition[9]. Risk Management - The bank aims to enhance risk management and internal controls while optimizing its income structure to support high-quality development[17]. - The bank's risk management strategy includes comprehensive management of credit, market, operational, and liquidity risks[133]. - The bank has established a GRC system for internal control and operational risk management, enabling the identification, measurement, and monitoring of operational risks[139]. - The bank categorizes its credit risk exposure into four types: aggressive growth, selective growth, maintaining share, and contraction/exit, implementing different credit strategies accordingly[134]. Management and Governance - The board of directors includes key members such as Liu Qing, who has been with the bank since May 2011 and serves as the chairman and executive director[161]. - The management team is responsible for overseeing the bank's strategic development and operational management, with a focus on risk asset resolution and financial planning[161]. - The company has a structured governance framework with various committees, including the Audit Committee and Risk Control Committee, to ensure compliance and oversight[163]. - The company emphasizes the importance of legal and compliance expertise in its board composition, particularly in the context of Hong Kong regulations[163]. - The company is awaiting regulatory approval for the appointment of new independent non-executive directors, which is crucial for maintaining compliance with governance standards[164].

Bank Performance and Growth - In 2022, Bank of Gansu ranked 301st in the "Top 1000 World Banks" list published by The Banker magazine and 51st in the "Top 100 Chinese Banks" list for the seventh consecutive year[4]. - The bank's performance in 2022 was characterized by steady business development despite challenges such as the pandemic and economic downturn[4]. - Gansu Bank reported a total customer loans and advances amounting to RMB 100 billion as of December 31, 2022, reflecting a year-on-year increase of 12%[6]. - The bank's net profit for the year was RMB 1.5 billion, representing a growth of 10% compared to the previous year[6]. - Gansu Bank's total assets reached RMB 150 billion, up 8% from the previous year, demonstrating solid growth in its balance sheet[6]. - The bank's operational performance has shown continuous improvement, with a clear transformation in personal business and effective marketing strategies for corporate business[4]. - The bank aims to enhance its development strength and pursue high-quality growth, focusing on proactive, structural, and connotative development strategies[4]. Digital Transformation and Innovation - The bank's digital transformation efforts include projects in smart retail, intelligent risk control, and omnichannel construction, leading to continuous optimization of business structure and service quality[4]. - The bank is investing RMB 200 million in technology upgrades to enhance digital banking services and improve customer experience[6]. - Gansu Bank has launched a new mobile banking app, which has already attracted 500,000 downloads within the first month of its release[6]. - The bank launched 28 innovative products in 2022, including 23 products such as interbank forfaiting purchases and medical insurance electronic certificates[138]. - The digital transformation projects included 20 initiatives, with 17 completed on schedule, enhancing digital customer management and operational capabilities[138]. Risk Management and Asset Quality - The non-performing loan ratio stood at 1.5%, a decrease from 1.8% in the previous year, indicating improved asset quality[6]. - The bank aims to strengthen its risk management and operational efficiency to support sustainable growth in the future[17]. - The bank's risk management strategy categorizes industries into four types: aggressive growth, selective growth, maintain share, and compression exit, with annual reviews[141]. - The bank's credit risk management focuses on loans, investments, guarantees, and other credit exposures, with a comprehensive risk management report submitted to the board semi-annually[140]. - The provision for impairment losses on customer loans and advances increased by 5.5% to RMB 5,649.2 million, reflecting a proactive approach to risk management[67]. Financial Metrics and Income - The bank's total operating income for 2022 was RMB 6,526.8 million, compared to RMB 6,277.6 million in 2021, reflecting an increase of 4.0%[13]. - The bank's fee and commission income increased to RMB 464.0 million in 2022, up from RMB 392.4 million in 2021, a rise of 18.3%[13]. - The bank's trading net income for 2022 was RMB 762.1 million, down from RMB 953.1 million in 2021, a decrease of 20.0%[13]. - The bank's net interest income for 2022 was RMB 5,067.9 million, an increase from RMB 4,924.2 million in 2021, representing a growth of 2.9%[13]. - The bank's operating expenses for 2022 were RMB 2,337.9 million, slightly higher than RMB 2,289.0 million in 2021, indicating a 2.1% increase[13]. Customer and Market Expansion - Gansu Bank plans to expand its market presence by opening 10 new branches in 2023, targeting a 15% increase in customer base[6]. - The bank's retail banking business contributed 34.6% to total operating income, with a total of RMB 2,348.5 million in 2021[88]. - Customer deposits reached RMB 279,039.2 million, representing a 6.0% increase compared to the previous year[20]. - The total amount of retail loans was RMB 49,983.4 million, with a non-performing loan amount of RMB 1,880.2 million, resulting in an NPL ratio of 3.76%[85]. - The bank's focus on marketing efforts contributed to the increase in retail deposit scale[72]. Related Party Transactions and Compliance - The bank provided loans and credit financing to related parties under normal commercial terms, exempting it from compliance with certain Hong Kong listing rules[192]. - The bank accepted deposits from related parties at normal deposit rates, also exempting it from compliance with specific listing regulations[193]. - The bank entered into a property lease agreement with a related party, paying a total rent of RMB 526,600 for the year 2022[195]. - The transactions with related parties were conducted under normal commercial terms and were below the threshold for reporting and independent shareholder approval[196]. - The bank's related party transactions are structured to comply with the minimum exemption levels set by Hong Kong listing rules[194]. Awards and Recognition - The bank has received the Provincial Governor's Financial Award for the ninth time, reflecting its commitment to financial excellence[4]. - The bank received multiple awards in 2022, including the "Best Credit Card Scenario Construction Award" from the Financial Digital Development Alliance[12]. Future Outlook and Strategic Focus - The bank's strategic focus for 2023 includes implementing the spirit of the 20th National Congress of the Communist Party and adhering to the new development philosophy[4]. - The bank plans to focus on transforming traditional businesses and developing emerging sectors to drive profit growth[19]. - The bank aims to achieve a return on equity (ROE) of 12% in the upcoming fiscal year, up from 11%[6]. - The bank plans to optimize the maturity profile of its assets and liabilities to better manage interest rate risk[143].