Group 1 - The core viewpoint of the article indicates that China Everbright Bank's stock dropped over 10% following the release of its 2023 annual report, with a current trading price of HKD 2.32 and a transaction volume of HKD 33.71 million [1] - In 2023, the bank reported an operating income of CNY 145.685 billion, a year-on-year decrease of 3.92% [1] - The net profit attributable to shareholders for 2023 was CNY 40.792 billion, reflecting a year-on-year decline of 8.96%, attributed to increased provisioning efforts to strengthen asset quality management [1] Group 2 - In Q4 2023, the bank's main operating income was CNY 33.455 billion, down 2.62% year-on-year [1] - The net profit attributable to shareholders for Q4 2023 was CNY 3.102 billion, showing a significant year-on-year decline of 62.24% [1] - The non-recurring net profit for Q4 2023 was CNY 3.074 billion, also down 62.36% year-on-year [1]

Financial Performance - Operating revenue for 2023 was RMB 145,685 million, a decrease of 3.92% compared to RMB 151,632 million in 2022[25]. - Net profit attributable to shareholders was RMB 41,076 million, down 8.80% from RMB 45,040 million in the previous year[25]. - The total assets increased by 7.50% to RMB 6,772,796 million from RMB 6,300,510 million in 2022[25]. - Basic earnings per share decreased by 16.22% to RMB 0.62 from RMB 0.74 in 2022[25]. - The weighted average return on equity was 8.38%, down from 10.27% in the previous year, a decrease of 1.89 percentage points[25]. - The total liabilities increased by 7.38% to RMB 6,218,011 million from RMB 5,790,497 million in 2022[25]. - The provision coverage ratio decreased by 6.66 percentage points to 181.27% from 187.93% in 2022[27]. - The company reported a net profit of 41.08 billion RMB, a year-on-year decrease of 8.80%[52]. - The company’s total revenue was 145.69 billion RMB, a decline of 3.92% year-on-year[55]. - The company’s asset impairment losses increased by 2.96% year-on-year, reflecting enhanced asset quality control measures[52]. Assets and Liabilities - In 2023, the total assets of China Everbright Bank reached CNY 6.77 trillion, an increase of 7.50% compared to the previous year[21]. - The total liabilities amounted to CNY 6.22 trillion, reflecting a growth of 7.38% year-over-year, with deposits surpassing CNY 4 trillion[21]. - The bank's total public loans (excluding discounts) increased by 12.14% year-on-year, with manufacturing loans, strategic emerging industry loans, technology enterprise loans, and green loans growing by 24.74%, 46.71%, 50.64%, and 57.44% respectively[45]. - The total principal of loans and advances amounted to RMB 3,786.95 billion, up RMB 214.68 billion, or 6.01%, year-on-year, accounting for 55.91% of total assets[72]. - The total liabilities of the group reached RMB 6,218.01 billion, an increase of RMB 427.51 billion, or 7.38%, primarily due to an increase in bonds payable and customer deposits[81]. Capital Adequacy and Risk Management - The capital adequacy ratio stood at 13.50%, with the Tier 1 capital ratio at 11.36% and the core Tier 1 capital ratio at 9.18%, all showing improvement from the previous year[21]. - The bank's capital adequacy ratios meet the regulatory requirements for systemically important banks, ensuring compliance and stability[34]. - The bank is committed to risk management, establishing a "1+4" credit and investment policy system to enhance risk response capabilities[46]. - The bank emphasized the importance of credit risk management, enhancing asset quality monitoring and improving risk management capabilities[156]. - The bank maintained a stable liquidity level and conducted regular stress tests to manage liquidity risks effectively[158]. Dividend and Shareholder Returns - The board of China Everbright Bank proposed a dividend of RMB 1.73 per 10 shares for the fiscal year 2023[2]. - The total cash dividend amounts to RMB 10.222 billion, accounting for 25.06% of the net profit attributable to shareholders in the consolidated financial statements[189]. - The cash dividend represents 28.41% of the net profit attributable to ordinary shareholders in the consolidated financial statements[191]. - The company plans to distribute at least 20% of its distributable profits as cash dividends annually, as per its shareholder return plan[187]. Business Operations and Strategy - The bank has established 1,312 branches in China, achieving full coverage of provincial administrative regions and serving 150 major economic cities[10]. - The bank has focused on international expansion, with branches and operations established in Hong Kong, Seoul, Luxembourg, Sydney, and Tokyo[10]. - The bank's wealth management features have become increasingly prominent, with a focus on enhancing customer service and financial product innovation[16]. - The bank launched innovative products such as "Specialized and Innovative Giant Loans" to enhance financial services for key sectors[20]. - The bank is enhancing its digital transformation by implementing key projects for business, data, and technology platforms, achieving significant progress in automation and intelligent approval for SME financing products[47]. Environmental, Social, and Governance (ESG) Initiatives - The bank's ESG rating has improved, receiving an A grade from MSCI in 2023[13]. - The bank has actively supported social responsibility initiatives, including the "Mother Water Cellar" public welfare project, enhancing its brand image and market value[10]. - The bank achieved an ESG rating of "A" for the first time in 2023, reflecting improved market evaluation of its ESG efforts[171]. - The bank's environmental risk management policies include strict controls on high-emission industries and a comprehensive ESG risk management framework[175]. - The bank's commitment to green travel encourages employees to use low-carbon transportation methods, contributing to a reduction in carbon emissions[175]. Customer and Market Engagement - The bank's online payment service, Guangda Cloud Payment, was awarded as one of the "Top Ten Excellent Projects" at the Global Fintech Conference in 2023[13]. - The number of retail customers reached 152.2373 million, with high-end customers (monthly assets over 500,000 CNY) increasing by 8.86% year-on-year[122]. - The bank's digital payment platform, "Cloud Payment," integrated 16,240 payment projects, with a total payment amount of 832.14 billion yuan, reflecting a year-on-year growth of 23.05%[129]. - The bank's mobile banking registered users reached 61.92 million, with monthly active users at 27.13 million, a growth of 17.81% year-on-year[129]. - The bank's corporate loan balance (excluding discounts) was CNY 2.166 trillion, an increase of CNY 234.4 billion or 12.14% year-on-year[114].

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2][3] Core Views - The company's revenue for 2024 is projected to be 145.7 billion yuan, reflecting a year-on-year decrease of 3.92%, but the decline is narrowing compared to previous quarters [3] - The net interest margin has decreased by 27 basis points to 1.74%, primarily due to a significant drop in retail loan yields and an increase in deposit costs [3] - The net profit attributable to shareholders for 2023 is reported at 40.8 billion yuan, a year-on-year decline of 8.96%, with a cash dividend payout ratio of 28.41%, slightly up from the previous year [3] - The company has increased its provision for bad debts significantly in Q4, leading to a downward revision of profit forecasts for 2024-2026 [3] - The projected net profits for 2024-2026 are 43.5 billion, 47 billion, and 51.3 billion yuan respectively, indicating growth rates of 6.7%, 8.0%, and 9.1% [3] Summary by Sections Revenue and Profitability - The company achieved a revenue of 145.7 billion yuan in 2023, down 3.92% year-on-year, with a narrowing decline compared to earlier quarters [3] - The net interest income decreased by 5.43% year-on-year, while non-interest income saw a slight increase of 0.60% due to gains from foreign exchange and other sources [3][4] Loan and Deposit Growth - Corporate loans reached 2.17 trillion yuan at the end of 2023, growing by 12.14% year-on-year, outpacing the overall loan growth of 6.01% [4] - Retail loans, particularly personal operating loans, grew by 16%, while other types of retail loans saw declines [4] - Total deposits increased to 4.02 trillion yuan, a year-on-year growth of 4.60%, with a notable rise in the proportion of demand deposits [4] Asset Quality - The non-performing loan (NPL) ratio remained stable at 1.25%, with a slight decrease from the previous quarter [5] - The company has intensified efforts to dispose of bad loans, with 51.6 billion yuan written off in 2023, leading to a calculated NPL generation rate of 1.52%, down 0.02 percentage points year-on-year [5] - The provision coverage ratio improved to 181.27%, indicating a stronger buffer against potential loan losses [5]

Investment Rating - The investment rating for the company is "Accumulate" [3][4] Core Views - The company's overall performance remains stable, with a decline in net profit primarily due to increased asset impairment losses. The forecast for net profit for 2024-2025 has been adjusted downwards to 38.6 billion and 38.7 billion respectively, reflecting the impact of recent LPR adjustments and increased provisioning [1][5] - The company's total assets reached 6.77 trillion yuan at the end of 2023, a year-on-year increase of 7.5%, with loan growth of 6.0% and deposit growth of 4.5% [1][4] - The net interest margin has decreased to 1.74%, down 17 basis points year-on-year, influenced by declining loan rates [1][6] Summary by Relevant Sections Financial Performance - In 2023, the company achieved operating income of 145.7 billion yuan, a decrease of 3.9% year-on-year, and a net profit of 40.8 billion yuan, down 9.0% year-on-year [1][4] - The average ROE for 2023 was 8.4%, a decline of 1.9 percentage points from the previous year [1][4] Asset Quality - The non-performing loan ratio remained stable at 1.25% at the end of 2023, with a provision coverage ratio of 181%, down 7 percentage points from the previous year [1][6] - The company reported an increase in asset impairment losses by 2.9% year-on-year, which significantly impacted net profit growth [1][5] Profit Forecasts - The adjusted profit forecasts for 2024-2025 are 38.6 billion and 38.7 billion yuan respectively, with a projected net profit growth rate of -5.4% and 0.2% [5][7] - The diluted EPS is expected to be 0.57 yuan for both 2024 and 2025, with a slight increase to 0.60 yuan in 2026 [4][7] Valuation Metrics - The current PE ratio is projected at 5.5 for 2024 and 5.5 for 2025, with a PB ratio of 0.39 for 2024 and 0.37 for 2025 [4][7]

Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.73 per 10 shares (pre-tax), totaling RMB 10.222 billion based on the total issued share capital of 59.086 billion shares[3]. - The board of directors approved the dividend distribution plan during the 16th meeting of the 9th board session held on March 27, 2024[4]. - The company will announce further details regarding the dividend payment and the annual general meeting in due course[3]. - The proposed cash dividend is CNY 1.73 per 10 shares, totaling CNY 10.222 billion, which accounts for 25.06% of the net profit attributable to shareholders[159]. - The cash dividend distribution plan is subject to approval at the 2023 annual general meeting, ensuring protection of minority shareholders' rights[159]. Financial Performance - Net interest income for 2023 was RMB 107,480 million, a decrease of 5.43% compared to RMB 113,655 million in 2022[21]. - Net commission and fee income decreased by 11.39% to RMB 23,698 million in 2023 from RMB 26,744 million in 2022[21]. - Total operating income for 2023 was RMB 145,735 million, down 4.04% from RMB 151,865 million in 2022[21]. - Pre-tax profit decreased by 11.09% to RMB 49,757 million in 2023 from RMB 55,966 million in 2022[21]. - Net profit attributable to shareholders was RMB 40,792 million in 2023, an 8.96% decrease from RMB 44,807 million in 2022[21]. - The company’s net profit reached 41.076 billion yuan, with total assets amounting to 6.77 trillion yuan[38]. - The net profit for the period was RMB 41.08 billion, a decline of 8.80% year-on-year, primarily due to increased provisions for asset quality control, with asset impairment losses rising by 2.96%[43]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The company has detailed the main risks and proposed countermeasures in the management discussion and analysis section of the report[4]. - The company will prioritize risk management to prevent systemic risks and ensure compliance with regulatory requirements[17]. - The bank emphasizes risk management and aims to prevent systemic financial risks[36]. - The bank's liquidity risk management strategy includes regular stress testing and maintaining a balance between liquidity, safety, and profitability[140]. - The bank has established a comprehensive market risk management system to monitor interest rate, exchange rate, and commodity risks[141]. - The bank has set up a reputation risk management mechanism to enhance monitoring and prevention of potential reputation risks[143]. Asset and Liability Management - Total assets reached CNY 6.77 trillion, an increase of 7.50% compared to the end of last year[18]. - Total liabilities amounted to CNY 6.22 trillion, growing by 7.38% year-over-year[18]. - The capital adequacy ratio stands at 13.50%, with a Tier 1 capital ratio of 11.36% and a core Tier 1 capital ratio of 9.18%, all improved from the previous year[18]. - The leverage ratio stood at 7.10% as of December 31, 2023, up from 6.90% in the previous quarter[30]. - The liquidity coverage ratio was reported at 149.17%, significantly higher than the regulatory requirement, up from 126.95% in the previous quarter[31]. - The total amount of loans and advances was RMB 3,786.95 billion, up RMB 214.68 billion or 6.01% year-on-year, with significant growth in inclusive finance, green loans, manufacturing, strategic emerging industries, and technology enterprises[43]. Awards and Recognition - The bank's credit card was awarded the "2022 Consumer Favorite Credit Card Brand Award" at the 16th "Golden Cicada Award" ceremony[13]. - The bank was recognized as the "Best Social Responsibility Bank of the Year" in the 2022 China Financial Institutions Gold Medal List by the Financial Times[13]. - The bank's asset management subsidiary was awarded "Best Bank Wealth Management Company of the Year" in 2022[13]. - The company received the "2023 Digital Wealth Management Innovation Excellent Case Award" and the "2023 Financial Technology Innovation Excellent Case Award" for its data asset valuation innovation[14]. - The company was recognized as the "Best Joint-Stock Commercial Bank" and received multiple awards for its retail banking and wealth management services[15]. Digital Transformation and Innovation - The bank focuses on digital development and innovation in financial technology, enhancing its competitive advantage in wealth management and integrated finance[12]. - The company is advancing its digital transformation by integrating business and technology, focusing on the development of a digital ecosystem[39]. - The company launched a digital comprehensive service platform for financial institutions, enhancing service offerings to peer financial clients[39]. - The company is focusing on digital transformation and enhancing service efficiency through various initiatives, including the establishment of specialized departments and service teams[100]. - The company implemented a digital transformation plan for 2023-2025, focusing on top-level design and efficiency evaluation systems[128]. Corporate Governance - The company has established a comprehensive governance structure, including an ESG governance framework, to enhance its environmental, social, and governance performance[157]. - The company has publicly disclosed its 2023 Social Responsibility Report, detailing its ESG initiatives[157]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties, as confirmed by Ernst & Young's special audit opinion[163]. - The company has committed to not transferring benefits to other units or individuals under unfair conditions and to strictly adhere to consumption regulations[162]. - The company has established a professional liability insurance system for directors, supervisors, and senior management in accordance with relevant laws and regulations[174]. Customer and Market Engagement - The bank's trade financing balance reached CNY 453.952 billion, supporting import and export enterprises in cross-border payment settlements[107]. - The bank's "Sunshine Salary" service for migrant workers provided guarantees totaling CNY 11.631 billion, with an increase of CNY 2.594 billion during the year[107]. - The bank's retail banking revenue was CNY 64.956 billion, a decrease of CNY 1.042 billion or 1.58% year-on-year, accounting for 44.57% of the bank's total operating income[108]. - The cumulative users of mobile banking, Sunshine Life, and Cloud Payment apps reached 306.49 million, a year-on-year increase of 19.89%, with monthly active users (MAU) at 68.78 million, up 17.77%[109]. - The company launched a new citizen micro-business support plan, providing up to 200,000 yuan in unsecured operating loans, benefiting over 88,000 restaurants and creating 300,000 local jobs[111]. Environmental, Social, and Governance (ESG) Initiatives - The company achieved an A rating in the 2023 Environmental, Social, and Governance (ESG) assessment by MSCI[14]. - The company received an "A" rating in the MSCI ESG rating for the first time in 2023, enhancing its ESG market evaluation[146]. - The company has integrated ESG risk management into its comprehensive risk management system, ensuring strict adherence to environmental standards[149]. - The company has developed a green financing classification manual to standardize the green identification classification process[148]. - The bank is committed to supporting green finance initiatives, including carbon emission rights pledge loans and sustainable-linked loans, to assist in achieving carbon neutrality goals[145].

2023 年年度報告（H 股） 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之任何損失承 擔 任何責任。 2023 年年度業績公告 中國光大銀行股份有限公司（「本公司」）董事會（「董事會」）謹 此宣佈本公司及其附屬公司截至 2023 年 12 月 31 日止之經審計業績。 本公告列載本公司 2023 年年度報告全文，並符合香港聯合交易所有 限公司證券上市規則中有關年度業績公告附載的資料之要求。本公司 2023 年年度報告 將 於 2024 年 4 月 刊 載 於 本公司網 站 （www.cebbank.com）及香港交易及結算所有限公司「披露易」網站 （www.hkexnews.hk），並按本公司 H 股股東選擇收取公司通訊的方 式寄發予本公司 H 股股東。 發佈業績公告 本業績公告的中英文版本可在本公司網站(www.cebbank.com)及香港交 易及結算所有限公司「披露易」網站（www.hkexnews.hk）閱覽。在 對中英文版本理解上發生歧義時，以中文版本為準。 ...

董事会关于独立董事独立性情况的专项意见 根据《上市公司独立董事管理办法》《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》等有关规定，中国光大银行 股份有限公司（简称本行）董事会就本行在任独立董事邵瑞庆、洪 永淼、李引泉、刘世平、黄志凌 2023 年度独立性情况进行评估，并 出具如下专项意见： 经核查本行独立董事的任职经历以及签署的相关自查文件，本 行独立董事未在本行担任除独立董事以外的任何职务，也未在本行 主要股东公司担任任何职务，与本行以及主要股东之间不存在利害 关系或其他可能妨碍其进行独立客观判断的关系。 中国光大银行股份有限公司 经评估，本行董事会认为邵瑞庆、洪永淼、李引泉、刘世平、 黄志凌五位独立董事符合《上市公司独立董事管理办法》《上海证 券交易所上市公司自律监管指引第 1 号——规范运作》等规定中对 独立董事独立性的相关要求。 中国光大银行股份有限公司董事会 2024 年 3 月 27 日 ...

（环境、社会及治理）报告 社会责任 2023 探寻绿色未来 目录 6 领导致辞 公司简介 数说 2023 12 荣誉 2023 14 专题：践行高质量发展， 书写"五篇大文章" 4 报告说明 16 ESG 管理 16 ESG 治理 17 ESG 策略 92 附录 环境篇 40 应对气候变化 治理篇 优化公司治理 强化风险管理 坚守合规理念 22 30 33 社会篇 56 深耕普惠金融 70 用心服务客户 64 支持区域发展 81 凝聚员工力量 68 创新跨境金融 90 投身公益事业 10 10 12 关于我们 6 董事会声明 8 董事长致辞 9 行长致辞 18 利益相关方沟通 19 实质性分析 92 独立鉴证报告 100 指标索引表 111 意见反馈表 46 发展绿色金融 50 践行绿色运营 报告说明 编制范围 编制依据 汇报原则 报告语言 本报告以简体中文编写，附英文、繁体中文文本。若有 差异，请以简体中文版本为准。 数据说明 本报告数据的获取和计算方法与以往年度报告相比没 有重大改变。本报告中的财务数据来自经审计的年度 A 股财务报告，其他数据来自本行内部管理系统、统计台 帐等。 本报告中所涉及货币金额以 ...

股票代码：601818 股票简称：光大银行 公告编号：临 2024-016 中国光大银行股份有限公司 第九届监事会第十二次会议决议公告 本行监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国光大银行股份有限公司（简称本行）第九届监事会第十二次 会议于2024年3月15日以书面形式发出会议通知，并于2024年3月27 日在中国光大银行总行以现场会议方式召开。本次会议应出席监事8 名，实际出席8名，其中，吴俊豪、杨文化监事因其他公务未能亲自 出席，分别书面委托乔志敏、尚文程监事代为出席会议并行使表决权。 会议的召开符合法律、法规、规章和《中国光大银行股份有限公司章 程》（简称《公司章程》）的有关规定。 本次会议由李银中监事主持，审议并通过以下议案： 一、关于《中国光大银行股份有限公司监事会对董事会及董事 2023 年度履职监督评价报告》的议案 监事会同意向全体监事通报，并向本行股东大会及金融监管总局 报告。 1 三、关于《中国光大银行股份有限公司监事会对高级管理层及其 成员 2023 年度履职监督评价报告》的议案 表决情况：有效表决票 ...

中国光大银行股份有限公司（简称本行）董事会及股东大会审议 通过聘请安永华明会计师事务所（特殊普通合伙）（简称安永华明）、 安永会计师事务所（简称安永）为 2023 年度境内外会计师事务所。 为加强对外聘会计师事务所的管理，提高财务审计报告质量，根据《国 有企业、上市公司选聘会计师事务所管理办法》《中国光大银行对聘 任会计师事务所服务的评价办法》等有关规定，根据公平公正的评价 原则，本行从执业资质、人员配备、工作质量、审计沟通、增值服务 五个方面，对安永华明和安永 2023 年度审计工作进行评价。现将相 关情况报告如下： 中国光大银行股份有限公司 关于会计师事务所履职情况评估报告 一、执业资质 执业资质方面，主要评估会计师事务所的独立与客观性、保密性、 合规性等相关情况。在独立与客观性方面，安永华明和安永具有良好 的执业质量记录和社会声誉，所提供服务符合相关财务审计的法律、 法规和政策规定，在近一年内的审计工作中，无重大审计质量问题和 不良记录，无重大声誉事件；能够遵守职业道德，恪守诚信，保持审 计独立性，公正执行审计程序，客观发表审计意见。在保密性方面， 安永华明和安永严格遵循保密约定，履行保密责任，采取有效 ...