2021-03-26 16:00Financial Performance - Total assets reached CNY 5,368.11 billion, an increase of 13.41% year-over-year [17]. - Loans surpassed CNY 3 trillion, with deposits growing by 15.33% [17]. - Annual operating income was CNY 142.48 billion, a year-over-year increase of 7.28% [17]. - Net profit attributable to shareholders was RMB 37,824 million, reflecting a growth of 1.26% from RMB 37,354 million in the previous year [20]. - The non-performing loan ratio improved to 1.38%, down from 1.56% in the previous year, indicating better asset quality [20]. - The bank's total operating income for 2020 reached RMB 142,479 million, up from RMB 132,812 million in 2019 [96]. - The net profit reached CNY 37.91 billion, representing a year-on-year growth of 1.24% [46]. - The bank's total liabilities rose by 13.01% to RMB 4,913,112 million, compared to RMB 4,347,377 million in 2019 [20]. - The total amount of loans and advances reached 3,009.482 billion RMB, an increase from 2,712,204 million in 2019, marking a growth of 10.95% [79]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report [2]. - The report includes a detailed description of major risks and the measures to address them [7]. - The company emphasized the importance of risk management, focusing on credit, liquidity, and market risks [129]. - The company plans to enhance its digital risk management capabilities using big data and AI technologies [129]. - The bank has implemented differentiated risk management measures in response to the pandemic, including a "green channel" for credit support in essential goods and medical supplies [135]. - The bank's real estate credit asset quality remains stable and better than the overall average, adhering to the principle of "housing for living, not for speculation" [135]. Corporate Governance - The board of directors includes 12 members, with various roles and compensation details disclosed for the reporting period [187]. - The company has established a comprehensive salary management system to ensure fairness and market competitiveness [193]. - The company has appointed several independent directors with extensive academic and professional backgrounds, enhancing its governance structure [199]. - The board includes experts from various fields, such as economics, finance, and accounting, which strengthens the company's strategic decision-making capabilities [200]. - The company has established a robust oversight mechanism with the appointment of a dedicated supervisor, ensuring compliance and accountability [200]. Shareholder Information - The proposed cash dividend for ordinary shareholders is RMB 2.10 per 10 shares, totaling RMB 11,346.70 million, which accounts for 30.00% of the net profit attributable to shareholders [143]. - The bank's cash dividend policy stipulates a minimum distribution of 10% of the distributable profit in profitable years [141]. - The total number of shareholders as of the end of the reporting period was 188,308 [159]. - The largest shareholders include China Everbright Group with 43.23% of A shares and 3.30% of H shares, and China Overseas Ocean Shipping Group with a total of 4.31% through its subsidiaries [165][166]. Technological Advancements - Technology R&D funding increased to CNY 5.15 billion, a growth of 51.29% [19]. - The bank's technology-driven initiatives include the "123+N" digital development system, enhancing its competitive edge in the financial market [41]. - The bank's big data platform reached a total data volume of 3.63 PB, an increase of 105% compared to the end of the previous year [121]. - The bank's technology personnel increased to 1,965, a growth of 27.43% year-on-year, representing 4.24% of total employees [121]. Market Expansion - The company has accelerated its international expansion with the opening of branches in Hong Kong, Seoul, Luxembourg, Sydney, and the establishment of a representative office in Tokyo [13]. - The establishment of a representative office in Tokyo and the approval for a branch in Macau mark significant international expansion [19]. - The company is focused on expanding its market presence and enhancing its asset management capabilities through strategic investments and partnerships [166]. Customer Engagement - Retail banking segment achieved operating income of 58.663 billion yuan, accounting for 41.17% of total revenue [38]. - Retail customer base reached 123 million, with wealth clients increasing by 22.57% to 950,000 and private banking clients growing by 24.54% to over 40,000 [38]. - The "Cloud Payment" platform maintained its leading position with over 10,000 payment projects, a growth of 39.39% year-on-year [38]. - The company’s mobile banking and related apps saw a user increase of 63.37%, reaching 132 million users [108]. Awards and Recognition - The company ranked 25th in the "Top 500 Bank Brand Value" list in 2021, an improvement from the previous year [13]. - The company has received multiple awards, including "Best Supply Chain Financial Innovation Bank" and "Best Brand Building Bank" in 2020 [15]. - The bank's brand value reached 10.325 billion USD, an increase of 6.6% year-on-year, ranking 25th in the global bank brand value list [41]. Community Engagement - The company reported a total of 3.999 million yuan in donations for targeted poverty alleviation during the reporting period, with cumulative donations exceeding 84 million yuan [150]. - The company helped 80 national-level poverty-stricken counties through e-commerce poverty alleviation, with total sales of poverty alleviation products reaching 83.15 million yuan, including 50.82 million yuan in sales during the reporting period, a year-on-year increase of 147.84% [150].