Financial Performance - The financial reports for 2022 were audited by Ernst & Young, with unqualified opinions issued[1]. - The financial report is prepared in accordance with both Chinese accounting standards and International Financial Reporting Standards[1]. - Net profit for 2022 was 3,500 million RMB, showing a steady growth trend over the past five years[26]. - The bank's ROA was 1.00%, and ROE was 12.27% in 2022, indicating strong profitability[21][22]. - Net profit attributable to shareholders was RMB 323,861 million, representing a growth of 7.06% compared to RMB 302,513 million in 2021[28]. - The net profit for 2022 was CNY 323.17 billion, reflecting a growth of 6.33% compared to the previous year[32]. - The total operating income for 2022 was RMB 758,155 million, a slight decrease from RMB 764,706 million in 2021[85]. - The pre-tax profit was RMB 382.02 billion, representing a 0.95% increase from the previous year[55]. - The net interest income increased by 6.22% to RMB 643,064 million from RMB 605,420 million in 2021[28]. - The net interest margin decreased to 1.82%, down by 12 basis points year-on-year[57]. Risk Management - The group faces major risks including credit risk, market risk, operational risk, liquidity risk, reputation risk, country risk, information technology risk, and strategic risk[2]. - The group actively implements measures to manage the aforementioned risks effectively[2]. - The company is committed to improving risk management mechanisms, including clarifying responsibilities within its comprehensive risk governance framework[5]. - The bank is focusing on enhancing its credit approval management mechanisms to streamline processes and improve efficiency[5]. - The non-performing loan ratio stood at 1.38%, reflecting effective risk management[22]. - The bank emphasizes risk compliance management, maintaining stable indicators such as overdue rates and default rates[44]. Corporate Strategy and Development - The company reported a focus on sustainable development and financial investment progress, highlighting the establishment of a consumer finance ecosystem to enhance the quality of life for citizens[5]. - The bank is advancing its wealth management strategy, aiming to build a first-class wealth management bank, with a specific emphasis on deepening its wealth management capabilities[5]. - The bank is actively expanding its transaction banking business, aiming to create a "second development curve" for corporate services[5]. - The bank has implemented three major strategies focusing on housing rental, inclusive finance, and financial technology to enhance service delivery and support economic development[10]. - The bank's green finance development strategy for 2022-2025 was approved, marking a significant step towards sustainable finance initiatives[14]. - The bank is committed to supporting the national strategy of carbon peak and carbon neutrality, focusing on credit management in the energy sector[48]. Customer Base and Market Position - China Construction Bank's market capitalization reached approximately $158.54 billion by the end of 2022, ranking it 4th among global listed banks[9]. - The bank serves 739 million individual customers and 9.35 million corporate clients, supported by 14,356 branches and a workforce of 352,588 employees[9]. - The number of corporate customers reached 9.35 million, with corporate loan growth hitting a historical high[42]. - The number of online users exceeded 500 million, with mobile banking users reaching 440 million, leading the industry in active customer ratio[33]. Digital Transformation and Technology - The introduction of new digital products, including the "CCB Smart Custody" service, marks the beginning of a new era in digital custody solutions[5]. - The company is exploring the application of cutting-edge technologies, such as the launch of an "AI Trader" in the money market, to enhance trading efficiency[5]. - The bank's fintech initiatives include the launch of the "Global Matchmaker" platform to facilitate cross-border transactions[11]. - The group has enhanced its core technology capabilities, achieving over a 30% increase in computing power compared to the previous year, maintaining industry leadership in overall scale and service capabilities[183]. - The group has developed an AI platform supporting 742 business scenarios, with a 90% accuracy rate in general ticket image recognition[189]. Social Responsibility and Community Engagement - The company is dedicated to protecting consumer rights and enhancing agile supply capabilities through continuous improvement of technology governance[5]. - The bank's commitment to social responsibility is reflected in its efforts to support rural revitalization and poverty alleviation initiatives[10]. - The bank is actively involved in social development initiatives, including pilot housing rental funds to explore new models for real estate development[5]. - The group supported over 1,000 housing rental enterprises and more than 600 affordable rental housing projects[145]. Financial Metrics and Ratios - Total assets reached 40 trillion RMB, while total liabilities also reached 40 trillion RMB in 2022[20]. - Capital adequacy ratio was 18.42%, ensuring a solid capital base[23]. - Provision coverage ratio reached 241.53%, demonstrating robust risk provisioning[24]. - The total amount of loans and advances reached RMB 21,199,205 million, up from RMB 18,807,830 million in 2021[95]. - The total amount of deposits reached RMB 25.02 trillion, up RMB 2.64 trillion or 11.81% year-on-year, accounting for 78.87% of total liabilities[117]. Investment and Financial Products - The cumulative issuance of inclusive small and micro loans since the pandemic reached CNY 8.4 trillion, maintaining a non-performing loan ratio of around 1%[34]. - The balance of green loans surpassed CNY 2.75 trillion, supporting the green and low-carbon transformation of industries[35]. - The balance of housing rental loans exceeded CNY 240 billion, with a comprehensive service platform covering 96% of cities at the prefecture level and above[34]. - The bank's "FITS" (Financial Total Solutions) brand aims to provide comprehensive financing and advisory services to various user groups[9]. Operational Efficiency - Operating income for 2022 was RMB 758,155 million, a decrease of 0.86% from RMB 764,706 million in 2021[28]. - The company's operating expenses amounted to RMB 222.314 billion, an increase of RMB 3.132 billion or 1.43% from the previous year, with a cost-to-income ratio of 28.25%, up 0.61 percentage points[79]. - The average implementation cycle for technology projects is 56 days, with a demand delivery rate of 91.3% and 24,000 versions launched in the year, a 13% increase year-on-year[190].
建设银行(00939) - 2022 - 年度财报