2019-03-28 16:00Financial Performance - In 2018, the bank achieved operating income of RMB 110.24 billion, a growth of 20.03% compared to 2017[20]. - The net profit for 2018 was RMB 33.72 billion, reflecting a 6.67% increase year-on-year[20]. - The bank's basic earnings per share for 2018 was RMB 0.61, a decrease of 4.69% compared to 2017[22]. - The bank's net profit attributable to shareholders was RMB 33.66 billion, with a basic earnings per share of RMB 0.61[27]. - The bank's total assets reached RMB 4.36 trillion, growing by 6.58% from 2017[22]. - The total loan and advance principal amounted to RMB 2.42 trillion, marking a 19.16% increase year-on-year[22]. - The bank's deposit balance was RMB 2.57 trillion, up 13.17% from the previous year[22]. - The bank's net interest income for the period was RMB 61.043 billion, with a year-on-year increase of RMB 12.093 billion, or 24.67%[50]. - The company's net interest margin rose to 1.50%, up 18 basis points year-on-year, while the net interest yield increased to 1.74%, up 22 basis points year-on-year[49]. - The total operating income for 2018 was RMB 110,244 million, representing a 20% increase from RMB 91,850 million in 2017[103]. Risk Management - The bank emphasized the importance of risk management and outlined major risks and mitigation strategies in the report[8]. - The bank's non-performing loan ratio was 1.59%, unchanged from the previous year, while the attention rate decreased by 0.56 percentage points to 2.41%[20]. - The provision coverage ratio improved to 176.16%, an increase of 17.98 percentage points[20]. - The bank's risk management indicators showed improvement, with a provision coverage ratio of 176.16%, an increase of 17.98 percentage points from the previous year[42]. - The bank's risk management strategy includes enhancing credit risk management and optimizing credit structure to support private enterprises and small businesses[128]. - The bank aims to improve liquidity risk management by ensuring compliance with regulatory standards and maintaining a diversified funding structure[129]. - The bank's market risk management includes continuous monitoring of market risk exposure and conducting stress tests to assess potential risks[129]. Product and Service Innovation - The bank introduced new loan products such as "New E Loan" and "Flexible Loan," leveraging big data and AI for enhanced customer service[5]. - The bank launched a net value-based wealth management product system called "Colorful Sunshine," which includes seven asset categories[7]. - The bank's online application and automatic approval system for short-term revolving loans was well received in the market[6]. - The bank is focusing on digital transformation and technology innovation, aiming to build a "digital Everbright" and enhance its service capabilities[36]. - The bank launched several innovative products, including "Sunshine E Micro Loan" for small and micro enterprises[119]. Corporate Governance and Shareholder Information - The bank's board of directors proposed a dividend of RMB 1.61 per 10 shares for the fiscal year 2018, before tax[3]. - The bank's profit distribution policy prioritizes cash dividends, with a minimum of 10% of distributable profits allocated for cash dividends in profitable years[136]. - The bank's comprehensive risk management framework will be refined to promote sustainable and healthy business development[135]. - The bank's top five clients contributed no more than 30% to the bank's total operating income as of the reporting period[142]. - The bank's largest shareholder, China Everbright Group, holds 22.03% of A shares and 3.40% of H shares, totaling 11,565,940,276 A shares and 1,782,965,000 H shares[162]. Awards and Recognition - The bank was awarded the "Best Technology Bank" and "Best Corporate Financial Services Bank" in the 2017 Financial Institution Awards by Caijing magazine[14]. - The bank received the "Outstanding Mobile Banking Award" and "Outstanding Credit Card Innovation Award" at the 2nd Intelligent Finance International Forum in 2018[14]. - The bank's "New E Loan" project won the "Annual Banking Innovation Product Award" at the 16th Financial Storm Summit in 2018[17]. - The bank has been recognized for its social responsibility efforts, receiving the "Annual Poverty Alleviation Award" from People's Daily in 2018[13]. Strategic Goals and Future Outlook - The bank plans to deepen its strategic focus on becoming a first-class wealth management bank in 2019[21]. - The bank aims to enhance its service capabilities for the real economy and drive innovation in product offerings[21]. - The bank aims for a loan growth of no less than 10% in 2019, contingent on stable operating environment and regulatory policies[133]. - The bank will focus on enhancing service quality and customer experience as part of its strategic transformation towards becoming a first-class wealth management bank[133]. Financial Position and Capital Management - The bank's total capital net amount reached RMB 412.01 billion, an increase from RMB 385.52 billion in 2017[29]. - The capital adequacy ratio stood at 13.01%, with a Tier 1 capital ratio of 10.09% and a core Tier 1 capital ratio of 9.15%[43]. - The bank's core Tier 1 capital ratio stood at 9.15% as of December 31, 2018, compared to 8.21% in 2016[30]. - The bank's liquidity coverage ratio improved to 118.15% by the end of 2018, indicating strong liquidity management[33]. Social Responsibility - The bank donated RMB 5 million for targeted poverty alleviation and contributed RMB 3 million to the "Mother Water Cellar" project, totaling RMB 37.42 million over 14 years[153]. - The bank's social responsibility report for 2018 was publicly disclosed, highlighting its commitment to green finance and environmental protection[152].