Financial Performance - In 2022, the company's operating income reached RMB 36,230 million, a 2.02% increase from RMB 35,514 million in 2021[41]. - The pre-tax profit for 2022 was RMB 17,315 million, reflecting a significant growth of 27.91% compared to RMB 13,537 million in 2021[41]. - The net profit attributable to shareholders was RMB 13,398 million, up 16.91% from RMB 11,460 million in the previous year[41]. - The company achieved a net profit of RMB 13.683 billion in 2022, representing a year-on-year increase of 16.11%[62]. - The bank's total profit before impairment for 2022 was RMB 26,977 million, slightly down from RMB 27,085 million in 2021[133]. Asset and Liability Management - Total assets as of December 31, 2022, amounted to RMB 1,580,236 million, representing a 14.21% increase from RMB 1,383,662 million in 2021[42]. - Total liabilities were RMB 1,457.41 billion, up 14.56% year-on-year[50]. - Customer deposits reached RMB 894,156 million, which is a 16.33% increase from RMB 768,668 million in the previous year[42]. - The bank's total equity attributable to shareholders was RMB 119.61 billion, an increase from RMB 108.56 billion in the previous year[109]. Loan and Deposit Growth - Customer loans and advances totaled RMB 764,309 million, marking a 16.72% increase from RMB 654,795 million in 2021[42]. - The balance of loans for rural revitalization strategy reached RMB 200.18 billion, an increase of RMB 42.28 billion from the beginning of the year[56]. - The balance of inclusive loans for small and micro enterprises was RMB 104.56 billion, with an increase of RMB 21.65 billion[56]. - The personal loan segment accounted for RMB 254.08 billion, representing 33.24% of total loans, with an NPL amount of RMB 2.29 billion and an NPL ratio of 0.90%[117]. Non-Performing Loans and Asset Quality - The non-performing loan (NPL) ratio improved to 1.49%, down from 1.78% in the previous year[50]. - The coverage ratio for non-performing loans increased to 276.57%, up from 239.74% year-on-year[47]. - The non-performing loan balance decreased to RMB 11.361 billion, with a non-performing loan ratio of 1.49%, down 0.29 percentage points from the previous year[60]. - The impairment losses on assets in 2022 were RMB 9.662 billion, a decrease of RMB 3.886 billion or 28.68% year-on-year, indicating improved asset quality[87]. Capital Adequacy and Risk Management - The core Tier 1 capital adequacy ratio was 8.60%, slightly up from 8.45% in the previous year[47]. - The capital adequacy ratio as of December 31, 2022, was reported at 12.02%, with a Tier 1 capital ratio of 9.53% and a core Tier 1 capital ratio of 8.60%[129]. - The bank's liquidity coverage ratio reached 292.78% by the end of 2022, with qualified high-quality liquid assets amounting to RMB 133.287 billion[173]. - The bank's credit risk management focused on optimizing credit structure and enhancing asset quality, with significant improvements in risk asset disposal during the reporting period[169]. Digital Transformation and Innovation - The company aims to build a professional, standardized, collaborative, and agile local mainstream bank through digital transformation efforts[187]. - The company completed the construction of a DevOps development management platform to enhance agile development capabilities in personal finance and corporate client management[182]. - The bank is accelerating digital transformation, focusing on online services for supply chain, microfinance, and personal loans to enhance customer experience[188]. - The bank's information technology personnel number stands at 517, accounting for 4.62% of the total workforce, focusing on enhancing technological support capabilities[181]. Customer Engagement and Market Expansion - The number of mobile banking customers reached 8.48 million, a year-on-year increase of 20.33%, with mobile banking transactions totaling 226.81 million, amounting to RMB 1.72 trillion[156]. - The bank's market share for personal deposits increased to 9.32%, a rise of 1.32 percentage points, marking the highest growth in history[193]. - The cash management business signed 8,657 clients, a growth of 70.35% year-on-year, with an annual transaction volume of RMB 4.99 trillion, up 1.22%[143]. - The company launched various marketing campaigns and financial products to enhance market expansion and digital transformation[145]. Compliance and Risk Management - The bank emphasizes anti-money laundering (AML) efforts, implementing a risk-based management approach and utilizing advanced technologies such as machine learning for customer relationship analysis and monitoring model optimization[180]. - The bank's compliance risk management system is robust, with a three-line defense mechanism and a dual reporting system to ensure effective compliance risk control[178]. - In 2022, the bank conducted ongoing compliance risk assessments and enhanced its internal control system, maintaining a good external regulatory evaluation[179]. - The bank's operational risk management system was strengthened, focusing on key risk indicators and enhancing information technology systems to mitigate operational risks[172].
徽商银行(03698) - 2022 - 年度财报