证券代码：601288 证券简称：农业银行 公告编号：临 2023-030 号 中国农业银行股份有限公司 关于召开2023年中期业绩发布会的公告 中国农业银行股份有限公司董事会及全体董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 承担个别及连带责任。 重要内容提示： 本行拟于2023年8月29日披露本行2023年中期业绩。为了便于广 大投资者更全面深入地了解本行2023年中期业绩和经营情况，本行拟 于 2023年8月29日（星期二）17:00-18:30召开业绩发布会，就2023年 1 会议召开时间：2023年8月29日（星期二）17:00-18:30 会议召开方式：网络直播 网络直播地址：http://www.wscloud.hk/d/1288HK_2023IR 投资者如需提问，可于2023年8月25日（星期五）23:59前将相关 问题通过电子邮件形式发送至本行投资者关系邮箱： ir@abchina.com，或于直播时间登陆上述网络直播地址问答区留 言。本行将于2023年中期业绩发布会（下称"业绩发布会"）上 对投资者普遍关注的业绩问题进行回答。 中期业绩 ...

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。 中國農業銀行股份有限公司 AGRICULTURAL BANK OF CHINA LIMITED （於中華人民共和國註冊成立之股份有限公司） （股份代號：1288） 董事會會議召開日期 中國農業銀行股份有限公司（「本行」）董事會（「董事會」）謹此宣佈，本行將於2023年8月 29日（星期二）召開董事會會議，以考慮及批准（其中包括）本行截至2023年6月30日止的 2023年度中期業績。 承董事會命 中國農業銀行股份有限公司 韓國強 公司秘書 中國北京 2023年8月17日 於本公告日期，本行的執行董事為谷澍先生、付萬軍先生、張旭光先生和林立先生；本行的非執行董事為 廖路明先生、李蔚先生、周濟女士、劉曉鵬先生、肖翔先生和張奇先生；本行的獨立非執行董事為黃振中先生、 梁高美懿女士、劉守英先生、吳聯生先生和汪昌雲先生。 ...

Financial Performance - The company achieved operating revenue of 189.36 billion RMB, a year-on-year increase of 2.19%[57]. - Net profit attributable to shareholders of the parent company was 71.55 billion RMB, reflecting a growth of 1.75% compared to the previous year[41]. - The total operating income for the group reached RMB 189,360 million for the three months ended March 31, 2023, compared to RMB 185,305 million for the same period in 2022, reflecting a growth of 1.1%[93]. - The total profit before tax was RMB 83,027 million, down from RMB 85,140 million, a decrease of 2.5% year-on-year[93]. - The net profit attributable to shareholders for the first quarter of 2023 was CNY 60.1 billion, compared to CNY 64.2 billion for the same period in 2022[75]. - The total comprehensive income for the first quarter of 2023 was CNY 60.1 billion, compared to CNY 64.2 billion for the same period in 2022[75]. Cash Flow and Liquidity - The net cash flow from operating activities for the first quarter of 2023 was RMB 905,857 million, a significant increase of 146.64% compared to RMB 367,281 million in the same period of 2022[25]. - The group reported a net cash inflow of RMB 663,541 million for the period, compared to RMB 159,862 million in the same period last year, indicating a substantial increase[98]. - The average liquidity coverage ratio for the first quarter of 2023 was 124.5%[69]. - The average liquidity coverage ratio for the first quarter of 2023 was 124.5%, down by 7.6 percentage points from the previous quarter, indicating a decrease in liquidity buffer[88]. - The cash and cash equivalents at the end of the period stood at RMB 2,369,174 million, up from RMB 1,284,624 million, reflecting a significant increase of 84.7%[98]. Assets and Liabilities - As of March 31, 2023, the total assets of the group reached RMB 36,811,547 million, an increase from RMB 33,925,488 million at the end of 2022, representing an increase of approximately 8.5%[17]. - Total liabilities increased to 340,783.56 billion RMB, reflecting a growth of 9.04% from the previous year-end[58]. - The total expected cash outflows amounted to CNY 7,365.05 billion, while the total expected cash inflows were CNY 3,660.56 billion[69]. - The balance of loans to the manufacturing sector as of March 31, 2023, was RMB 26,925 million, indicating a continued focus on supporting the real economy[3]. - The balance of inclusive finance loans was CNY 3,136.8 billion, up by CNY 570.7 billion, reflecting a growth of 22% compared to the end of the previous year[60]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 476,934, with the top ten shareholders holding a combined 40.39% of shares[30]. - The largest shareholder, Central Huijin Investment Ltd., holds 140,087,446,351 shares, representing 40.03% of the total[30]. - The second-largest shareholder, the Ministry of Finance, holds 123,515,185,240 shares, accounting for 35.29%[30]. - The total number of preferred shareholders is 36, with the largest holding being 55,600,000 shares by China Merchants Jinling Shipyard[33]. - The preferred shares held by the top ten shareholders account for 13.90% of the total preferred shares[33]. Financial Ratios and Coverage - The leverage ratio as of March 31, 2023, was 7.05%, exceeding regulatory requirements[15]. - The leverage ratio as of March 31, 2023, was 7.05%, down from 7.52% at the end of 2022[70]. - The company’s provision coverage ratio improved to 302.61%, up by 0.01 percentage points from the previous year-end[52]. - The bank's core tier 1 capital adequacy ratio stood at 10.70%, down from 11.15% in the previous quarter, indicating a slight decline in capital strength[86]. - The non-performing loan balance stood at 287.90 billion RMB, with a non-performing loan ratio of 1.37%, unchanged from the end of the previous year[52]. Investment Activities - The group reported a cash inflow from investment activities of RMB 585,554 million for the first quarter of 2023, compared to RMB 475,734 million in the same period of 2022[22]. - The group’s cash outflow from investment activities was RMB 808,434 million for the first quarter of 2023, up from RMB 679,247 million in the same period of 2022[22]. - Investment income surged to RMB 4,607 million, significantly higher than RMB 1,574 million in the previous year, marking an increase of 192.5%[93]. Operational Highlights - The bank plans to expand its market presence through strategic partnerships and technology investments in the coming quarters[76]. - The bank's net profit for the first quarter of 2023 is expected to show a positive trend, driven by increased interest income and improved asset quality[76]. - The bank's non-performing loan ratio remained stable, reflecting effective risk management practices[76].

Financial Performance - The operating income for Q1 2023 was RMB 189,365 million, a decrease of 2.24% compared to RMB 205,857 million in the same period last year[5] - The net profit attributable to shareholders of the parent company was RMB 71,554 million, representing a 1.75% increase from RMB 70,750 million year-on-year[5] - For the three months ending March 31, 2023, the group achieved a net profit of RMB 72.115 billion, an increase of 2.83% year-on-year[14] - The group reported operating revenue of RMB 189.365 billion, a year-on-year increase of 2.24%[14] - The net profit for the first quarter of 2023 is RMB 72,115 million, up from RMB 70,132 million in the same period of 2022, representing a growth of about 2.8%[31] - The total comprehensive income for the first quarter of 2023 is RMB 60,103 million, down from RMB 64,203 million in the same period of 2022[31] Cash Flow and Liquidity - The net cash flow from operating activities surged to RMB 905,857 million, a significant increase of 146.64% compared to RMB 367,281 million in Q1 2022[6] - The significant increase in net cash flow from operating activities was primarily due to the growth in net deposits and interbank placements[6] - The bank's net cash from operating activities for the first quarter of 2023 was RMB 905,857 million, significantly higher than RMB 367,281 million in the same period of 2022[34] - The adjusted net cash outflow for the first quarter of 2023 is RMB 4,333,454 million[28] - The total expected cash inflow for the first quarter of 2023 is RMB 3,031,591 million[28] - The liquidity coverage ratio averaged 124.5% in Q1 2023, a decrease of 7.6 percentage points from the previous quarter[27] Assets and Liabilities - The total assets at the end of Q1 2023 reached RMB 36,811,547 million, reflecting an 8.51% increase from RMB 33,927,533 million at the end of the previous year[5] - As of March 31, 2023, total assets increased to RMB 36,811,547 million, up from RMB 33,925,488 million as of December 31, 2022, representing an increase of approximately 8.5%[32] - Total liabilities increased to RMB 34,078,356 million from RMB 31,251,728 million, reflecting a growth of approximately 9.0%[33] - The total customer loans and advances amounted to RMB 21,132.46 billion, up by RMB 136.86 billion or 6.92% year-on-year[15] - Customer loans and advances rose to RMB 20,285,884 million, compared to RMB 18,980,973 million at the end of 2022, marking an increase of about 6.9%[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 476,934, with the top two shareholders holding a combined 75.32% of shares[7] - Central Huijin Investment Ltd. held 40.03% of shares, while the Ministry of Finance of the People's Republic of China held 35.29%[7] - Cash dividends of RMB 1.936 billion were distributed to shareholders, with a dividend yield of 4.84%[20] Capital and Equity - The equity attributable to shareholders of the parent company increased to RMB 2,726,520 million, a rise of 2.19% from RMB 2,668,412 million at the end of the previous year[5] - The bank's total equity increased to RMB 2,733,191 million from RMB 2,673,760 million, reflecting an increase of about 2.2%[33] - The bank's core tier 1 capital adequacy ratio was 10.70%, down from 11.15% at the end of the previous year[25] - The leverage ratio as of March 31, 2023, is 7.05%, which is above regulatory requirements[29] Income and Expenses - Net interest income was RMB 145.607 billion, a decrease of 3.54% year-on-year, with a net interest margin of 1.70%[14] - Operating expenses rose by 5.03% year-on-year to RMB 49.921 billion, with a cost-to-income ratio of 24.52%, up 0.61 percentage points year-on-year[14] - Credit impairment losses increased by RMB 3.631 billion year-on-year to RMB 56.513 billion[14] - The bank's interest income from investment securities was RMB (72,963) million for the first quarter of 2023, compared to RMB (65,437) million in the same period of 2022, indicating a decline in interest income[34] Other Financial Metrics - The return on average equity (annualized) decreased to 12.60%, down by 0.79 percentage points from 13.39% in the previous year[5] - The annualized average total asset return rate was 0.82%, a decrease of 0.12 percentage points year-on-year[14] - The annualized weighted average return on equity was 12.60%, down 0.79 percentage points year-on-year[14] - Basic earnings per share remained flat at RMB 0.20 compared to the same period last year[14] - The weighted average number of shares for basic and diluted earnings per share remained unchanged at RMB 0.20 per share[5] - The net trading income for the first quarter of 2023 is RMB 10,174 million, compared to RMB 564 million in the same period of 2022[30]

Financial Performance - The bank achieved a net profit of RMB 258.688 billion for the year 2022, reflecting its strong financial performance[2]. - Net profit for 2022 was RMB 258.7 billion, an increase of 6.9% compared to the previous year[21]. - Operating income for 2022 was RMB 725,499 million, slightly up from RMB 721,746 million in 2021[16]. - The net interest income for 2022 was RMB 589,966 million, an increase of 2.0% from RMB 577,987 million in 2021[16]. - The company's operating income for 2022 was RMB 725.499 billion, reflecting a slight increase of RMB 3.753 billion or 0.5% year-on-year[39]. - The average yield on interest-earning assets decreased to 3.57% in 2022 from 3.70% in 2021, while the net interest margin fell to 1.73% from 1.96%[41]. - The company achieved net interest income of RMB 589.966 billion, an increase of RMB 11.979 billion or 2.1% compared to 2021, accounting for 81.3% of total operating income[40][41]. - The company reported a decrease in credit impairment losses to RMB 145.267 billion, down RMB 20.619 billion or 12.4% from 2021[39]. Asset and Liability Management - As of the end of 2022, Agricultural Bank of China reported total assets of RMB 33,927.533 billion, with total customer loans and advances amounting to RMB 19,765.745 billion[2]. - The bank's total liabilities increased to RMB 31,253,082 million, a rise of 17.3% from RMB 26,647,796 million in 2021[16]. - Total assets reached RMB 33.9 trillion by the end of 2022, with a customer loan and advance total of RMB 19.8 trillion, an increase of RMB 2.59 trillion, representing a growth rate of 15.1%[21]. - The bank's total liabilities showed stable growth, enhancing the foundation for liability sources and improving the diversity of the liability structure[82]. - The total liabilities reached RMB 312,530.82 billion, up RMB 46,052.86 billion or 17.3% year-over-year, with deposits increasing by RMB 32,139.13 billion or 14.7%[76]. Capital Adequacy and Risk Management - The capital adequacy ratio stood at 17.20% as of the end of 2022, indicating a solid capital position[2]. - Capital adequacy ratio stood at 17.20%, an increase of 7 basis points from the end of the previous year[21]. - The bank's credit risk management has been enhanced with a focus on "one household, one policy" for key areas like real estate and large corporate clients[23]. - The bank's non-performing loan ratio decreased to 1.37%, marking a continuous decline for two consecutive years[21]. - The non-performing loan ratio remained stable, with a focus on managing liquidity, interest rate, and exchange rate risks effectively[82]. - The non-performing loan balance was RMB 271.062 billion, an increase of RMB 25.280 billion from the previous year, with a non-performing loan ratio of 1.37%, a decrease of 0.06 percentage points[181]. Customer Deposits and Loans - The bank's total deposits reached RMB 25,121.040 billion, showcasing its robust deposit base[2]. - Total customer deposit balance reached RMB 28.2 trillion, with an increase of RMB 4.2 trillion, reflecting a growth rate of 17.7%[21]. - The total amount of deposits absorbed reached RMB 25,121,040 million, a growth of 14.0% from RMB 21,907,127 million in 2021[16]. - Customer loans and advances totaled RMB 19,765,745 million, up 15.5% from RMB 17,175,073 million in the previous year[16]. - The balance of personal loans increased by 428.07 billion RMB year-on-year, also leading the industry[98]. Digital Transformation and Innovation - Agricultural Bank of China is actively implementing strategies in rural revitalization and digital operations to enhance its service offerings[2]. - The bank's online personal banking monthly active customers reached 172 million, maintaining a leading position in the industry[23]. - The company has initiated the construction of a digital business operation center and a data center in Inner Mongolia to support digital transformation[139]. - The bank's digital RMB services expanded to include public wallet opening, exchange, and payment services, enhancing its capabilities in key industries[122]. - The company is advancing the construction of a digital credit management platform to strengthen data foundations and system support for credit management[182]. Green Finance and Social Responsibility - The bank is committed to green finance, focusing on projects that support environmental improvement and resource efficiency[5]. - The balance of green credit reached CNY 2.6975 trillion by the end of 2022, with a growth rate of 36.4%, surpassing the bank's overall growth rate by 21.3 percentage points[36]. - The bank's focus on green finance and support for small and micro enterprises has led to rapid loan growth in key areas[22]. - The company launched new financial products such as "Smart Livestock Loan" and "Rural Living Environment Loan" to enhance service capabilities[154]. - The company is committed to enhancing financial services for rural revitalization, with a focus on food security and rural industry development[156]. International Operations and Market Presence - Agricultural Bank of China operates a vast network with 22,788 domestic branches and 13 overseas branches, enhancing its market presence[2]. - The bank's international settlement volume reached $1,615.913 billion in 2022, with international trade financing business volume at $168.849 billion, marking significant growth in cross-border financial services[123]. - The bank's overseas branches and holding institutions had total assets of $158.75 billion by the end of 2022, achieving a net profit of $600 million for the year[123]. - The bank processed trade facilitation business worth $80.6 billion in 2022, representing a growth of 212.4%[124]. - The bank's cross-border RMB business volume reached ¥23.2 trillion in 2022, with the Dubai branch handling RMB clearing business worth ¥92.1 billion, an increase of 157%[124]. Employee and Organizational Development - The total number of employees as of the end of 2022 is 452,258, with 25.9% located in the western region of China[142][143]. - Employee educational background shows that 58.3% hold a bachelor's degree, while only 0.1% have a doctoral degree[144]. - The company has implemented a salary policy that links total salary levels to operational efficiency and performance assessment results[140]. - The company has enhanced its risk control organizational system to continuously improve internal supervision and risk prevention capabilities[139]. - The company has established a green finance/carbon peak and carbon neutrality working committee to strengthen strategic coordination in green finance[139].

证券代码：601288 证券简称：农业银行 公告编号：临 2023-016 号 中国农业银行股份有限公司 关于召开 2023 年一季度业绩说明会的公告 中国农业银行股份有限公司董事会及全体董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 担个别及连带责任。 重要内容提示： 中国农业银行股份有限公司（以下简称"本行"）拟于2023年4 月28日披露2023年一季度业绩。为了便于广大投资者更全面深入地了 解本行2023年一季度业绩和经营情况，本行拟于2023年4月28日（星 期五）16:30-17:30举办业绩说明会，就投资者普遍关注的业绩问题进 行交流。 一、业绩说明会类型 1 会议召开时间：2023年4月28日（星期五）16:30-17:30 会议召开方式：网络文字互动 参会网址：上证路演中心（http://roadshow.sseinfo.com） 投资者如需提问，可于2023年4月25日（星期二）24:00前将相关 问题通过电子邮件形式发送至本行投资者关系邮箱： ir@abchina.com，或在会议召开时提问。 通过网络文字互动方式召开。 二、业绩说明 ...

Agricultural Bank of China Limited (OTCPK:ACGBY) Q2 2023 Earnings Call Transcript August 29, 2023 5:00 AM ET Company Participants Han Guoqiang - Secretary of the Board of Directors Fu Wanjun - Vice Chairman, Executive Director, President Lin Li - Vice President Conference Call Participants Han Guoqiang Ladies and gentlemen, good afternoon. I'm the Secretary of the Board of Directors of ABC. I'm very glad to invite the investors, analysts as well as press brands to participate in the Agriculture Bank of Chin ...

[27 -> 36] 女士们、先生们,大家下午好,我是中国农业银行董事会秘书韩国强。 [36 -> 52] 今天非常高兴地邀请到了众多投资者、分析师和媒体朋友参加农业银行2022年度业绩发布会,特别是时隔几年。 [52 -> 67] 又与香港的投资者和朋友们见面,十分高兴和荣幸,在此对各位的盛情光临表示热烈的欢迎。 [67 -> 87] 对大家长期以来关注支持农业银行发展,对于诚挚的谢意,本次发布会设有北京、香港两个现场,同步全球网络视频直播。 [87 -> 108] 经初步统计,北京会场出席嘉宾52人,香港会场出席嘉宾30人,另外,发布会还通过三个网络平台实施直播。 [108 -> 127] 目前,线上网络端十分活跃,也有大量投资者在线。下面,我为大家介绍出席本次业绩发布会的农业银行部分董事会成员和管理层代表。 [127 -> 159] 他们是中国农业银行副董事长、执行董事、行长傅万钧先生、中国农业银行执行董事、副行长张旭光先生、副行长刘家旺先生、独立董事黄振中先生、投资总监江瑞斌先生、财务会计部总经理刘世东先生。 [160 -> 164] 信用管理部主要负责人王笑汉先生。 [165 -> 174] 另外, ...

Financial Performance - The company achieved a net profit of RMB 2,586.88 billion for the year 2022, reflecting its strong financial performance[26]. - Net profit for the year was RMB 258.7 billion, reflecting a year-over-year growth of 6.9%[64]. - The net profit for 2022 was CNY 258.688 billion, an increase of CNY 16.752 billion or 6.9% compared to the previous year[122]. - The bank's total operating income for 2022 was RMB 724,868 million, a slight increase from RMB 719,915 million in 2021[186]. Assets and Liabilities - As of December 31, 2022, the total assets of the company reached RMB 339,275.33 billion, with total loans and advances amounting to RMB 197,657.45 billion and total deposits of RMB 251,210.40 billion[26]. - The company's total liabilities amounted to RMB 312,530.82 billion, an increase of RMB 46,052.86 billion or 17.3% compared to the previous year[3]. - The company's equity totaled RMB 26,744.51 billion, up by RMB 2,530.92 billion or 10.5% from the previous year, with a net asset value per share of RMB 6.37[8]. - Total assets reached RMB 33.9 trillion, an increase of 16.7% year-over-year[64]. - The company's total assets as of December 31, 2022, were CNY 33,927.533 billion, an increase of CNY 4,858.378 billion or 16.7% year-over-year[164]. Loans and Advances - The total amount of loans and advances issued reached RMB 19,765,745 million in 2022, an increase from RMB 17,175,073 million in 2021[42]. - The total amount of loans and advances issued reached RMB 19,765.75 billion, an increase of RMB 2,590.67 billion, or 15.1% compared to the previous year[190]. - The number of micro and small enterprise loan clients reached 2.53 million, an increase of 610,000 from the previous year, with a growth rate of over 30% for four consecutive years[72]. - Loans in high-tech manufacturing and green development sectors increased by 47.7% and 36.4% respectively[72]. Deposits - Customer deposits increased by RMB 32,139.13 billion, representing a growth of 14.7% year-on-year[3]. - Customer deposit balance reached RMB 28.2 trillion, with an increase of RMB 4.2 trillion, representing a growth rate of 17.7%[64]. - Total deposits absorbed amounted to RMB 25,121,040 million in 2022, compared to RMB 21,907,127 million in 2021[55]. Risk Management - The non-performing loan ratio improved to 1.37% in 2022, down from 1.43% in 2021[41]. - The provision coverage ratio was maintained at a strong level, ensuring adequate risk management[58]. - The bank's non-performing loan ratio has decreased year-on-year, indicating improved asset quality and effective risk management[108]. - The bank's comprehensive risk management has been enhanced, with a focus on digital risk control systems and improved monitoring accuracy[108]. Capital Adequacy - The capital adequacy ratio stood at 17.20%, indicating a strong capital position[26]. - Capital adequacy ratio stood at 17.20%, up by 7 basis points compared to the end of the previous year[71]. - The company maintained a capital adequacy ratio of 17.20%, reflecting a stable financial position[84]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 777.66 billion to ordinary shareholders for the year 2022[21]. - The bank plans to distribute a dividend of RMB 2.222 per share, subject to shareholder approval[69]. Digital Transformation and Innovation - The bank's digital transformation has progressed significantly, with monthly active users of personal mobile banking reaching 172 million, maintaining the industry's highest growth[107]. - The company launched innovative financial products such as "Smart Agriculture Loan" and "E-Agriculture Loan," with the latter reaching a balance of CNY 747.7 billion, growing by 37.3%[88]. - The digital transformation led to an increase in online loan balances by CNY 905.4 billion, with a conversion rate of over 30% for identified potential micro-enterprise clients[74]. Green Finance Initiatives - The company is focusing on green finance initiatives to support environmental sustainability and resource efficiency[32]. - As of the end of 2022, the balance of green loans reached CNY 2,697.5 billion, with a growth rate of 36.4%, exceeding the bank's overall growth rate by 21.3 percentage points[113]. - The bank has signed cooperation agreements with the Ministry of Ecology and Environment and the National Energy Administration to enhance green finance initiatives[113]. Future Outlook - Future outlook indicates a commitment to improving operational efficiency and adapting to regulatory changes in the financial sector[44]. - The bank will continue to implement policies to support rural revitalization and the real economy, aiming for high-quality development in 2023[98]. - The company aims to enhance its market presence through strategic expansions and new product developments in the upcoming fiscal year[44].

Financial Performance - The bank achieved a net profit of RMB 258.688 billion for the year 2022, reflecting its strong financial performance[2]. - The company's operating revenue for 2022 reached RMB 725,499 million, a slight increase of 0.1% compared to RMB 721,746 million in 2021[12]. - Net profit attributable to shareholders of the parent company for 2022 was RMB 259,140 million, up 7.9% from RMB 241,183 million in 2021[12]. - The net interest income for 2022 was RMB 589,966 million, reflecting an increase of 2.0% from RMB 577,987 million in 2021[12]. - The company reported a significant increase in cash flow from operating activities, totaling RMB 1,322,003 million in 2022, compared to RMB 239,615 million in 2021[12]. - The company's diluted earnings per share for 2022 was RMB 0.69, an increase from RMB 0.65 in 2021[12]. - The company reported a decrease in credit impairment losses to RMB 145.267 billion, down 12.4% from RMB 165.886 billion in the previous year[27]. - The effective tax rate was 15.52%, down 11.9% year-on-year, primarily due to tax-exempt income from holding Chinese government bonds[43]. Asset and Liability Management - As of the end of 2022, the total assets of Agricultural Bank of China amounted to RMB 33,927.533 billion, with customer loans and advances totaling RMB 19,765.745 billion and deposits of RMB 25,121.040 billion[2]. - Total liabilities amounted to RMB 31,253,082 million, up 17.3% from RMB 26,647,796 million in 2021[11]. - The bank's equity attributable to shareholders reached RMB 2,668,412 million, marking an increase of 10.5% from RMB 2,414,605 million in 2021[11]. - The net capital amounted to RMB 3,416,001 million, up from RMB 3,057,867 million in the previous year, indicating a growth of 11.7%[11]. - The core tier 1 capital net amount was RMB 2,215,395 million, an increase of 8.5% from RMB 2,042,480 million in 2021[11]. - The bank's risk-weighted assets totaled RMB 19,862,505 million, up from RMB 17,849,566 million in 2021, reflecting a growth of 11.3%[11]. Customer Loans and Deposits - Customer loans and advances totaled RMB 19,765,745 million, an increase of 15.1% from RMB 17,175,073 million in the previous year[11]. - Deposits from customers increased to RMB 25,121,040 million, a rise of 14.9% compared to RMB 21,907,127 million in 2021[11]. - The balance of personal loans increased by CNY 428.07 billion year-on-year, also leading the industry[85]. - The balance of personal housing loans increased by CNY 104.32 billion year-on-year, maintaining a leading position in the industry[85]. - The balance of county-level corporate loans (excluding bill discounting) was CNY 3,964.5 billion at the end of 2022, an increase of CNY 596.1 billion from the previous year[130]. Risk Management - The non-performing loan ratio improved to 1.37% in 2022, down from 1.43% in 2021[13]. - The provision coverage ratio increased to 302.60% in 2022, compared to 299.73% in 2021, indicating stronger risk management[13]. - The company has continuously optimized its risk management policy system in 2022, revising various credit risk management guidelines and implementing new measures for expected credit loss management[145]. - The credit risk management framework includes a centralized management structure with multiple committees overseeing risk assessment and asset disposal, ensuring a unified approach to risk management[148]. - The company has focused on managing credit risks in key areas such as real estate and local government debt, maintaining stable asset quality amidst macroeconomic adjustments[148]. Strategic Initiatives - The bank is focused on high-quality development, emphasizing its role as a leading bank in serving rural revitalization and the real economy[2]. - The bank plans to continue expanding its market presence and enhancing its financial services to support sustainable economic activities[6]. - The bank aims to strengthen financing for infrastructure projects and increase medium to long-term loans for the manufacturing sector[24]. - The bank's strategic focus includes promoting green finance and digital transformation to support high-quality economic development[25]. - The company has established a Green Finance/Carbon Neutrality Committee to strengthen strategic coordination in green finance[118]. Market Position and Recognition - Agricultural Bank of China was ranked 28th in the Fortune Global 500 list and 3rd in the Banker Magazine's Global Banking 1000 ranking based on Tier 1 capital in 2022[2]. - The bank has been included in the list of global systemically important banks for nine consecutive years since 2014, highlighting its significance in the global financial system[2]. - The number of personal customers reached 862 million, maintaining a leading position in the industry[21]. - The bank's online loan product "Huinong e-loan" reached a balance of CNY 747.7 billion, with a growth rate of 37.3%[17]. Technological Advancements - The bank invested RMB 23.211 billion in information technology in 2022, enhancing its technological capabilities and supporting high-quality business development[116]. - The bank's cloud computing applications managed over 40,000 servers and supported more than 1,200 application modules, with 68% of applications deployed based on PaaS[116]. - The bank's online financial platform was upgraded to version 6.0, improving service capabilities and user experience[99]. International Operations - The bank established 22 overseas institutions and 1 joint venture bank across 18 countries and regions by the end of 2022, enhancing its cross-border financial service network[103]. - The bank's international settlement volume reached USD 1,615.913 billion in 2022, with international trade financing volume at USD 168.849 billion, marking significant growth in cross-border financial services[103]. - The bank's cross-border RMB business volume was CNY 2.32 trillion in 2022, with the Dubai branch handling RMB clearing business of CNY 92.1 billion, a growth of 157%[104].