2022-03-25 16:00Financial Performance - The company reported a total cash dividend of RMB 10.86 billion, with a distribution of RMB 2.01 per 10 shares (before tax) based on a total share capital of 54.032 billion shares[3]. - As of the end of 2021, the total assets of the company reached CNY 5.90 trillion, an increase of 9.95% compared to the previous year[21]. - The company achieved an operating income of CNY 152.75 billion, a year-on-year growth of 7.14%[23]. - The net profit attributable to shareholders was CNY 43.41 billion, reflecting a year-on-year increase of 14.73%[21]. - The company’s total loans and advances reached CNY 3.31 trillion, a 9.90% increase year-on-year[23]. - The company’s collaborative revenue grew nearly 20% year-on-year, driven by cross-segment initiatives[20]. - The company’s retail revenue accounted for 41.47% of total revenue, up 0.32 percentage points year-on-year[19]. - The group reported a net profit of RMB 43.639 billion, an increase of 15.06% year-on-year[55]. - The total operating income for the period was RMB 1527.51 billion, up RMB 101.79 billion or 7.14% year-on-year[58]. - The net profit for 2021 was RMB 52.94 billion, up 16.3% from RMB 45.53 billion in 2020[111]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and plans, indicating that these do not constitute substantive commitments to investors[3]. - The company has detailed the main risks and corresponding mitigation measures in the management discussion and analysis section of the report[4]. - The company’s non-performing loan ratio improved to 1.25%, down from 1.38% the previous year[23]. - The company’s non-performing loan ratio remained stable, reflecting effective risk management strategies[86]. - The bank has implemented a comprehensive risk management system, including country risk management, to guide business towards low-risk countries[151]. - The bank emphasizes green finance, supporting clean energy and environmental protection industries, while adhering to strict credit policies in real estate[155]. Regulatory Compliance - The financial report for 2021 was audited by Ernst & Young Huaming and Ernst & Young, both issuing standard unqualified audit opinions[2]. - The company operates under the regulatory oversight of the People's Bank of China and the China Banking and Insurance Regulatory Commission[6]. - The capital adequacy ratio stood at 13.37%, with a core tier 1 capital ratio of 8.91%, both meeting regulatory requirements[55]. - The bank's large risk exposure limits are maintained within regulatory requirements, ensuring effective management of client concentration risks[151]. Digital Transformation and Innovation - The bank's digital transformation initiatives have been recognized, winning awards for "Best Digital Bank" and "Best Personal Mobile Banking" in 2021[16]. - The bank's technology investment reached 5.786 billion yuan, an increase of 636 million yuan, or 12.35% year-on-year, accounting for 3.79% of operating income[139]. - The digital banking sector achieved a user base of 52.52 million registered users for the personal mobile banking app, with monthly active users reaching 18.78 million, a growth of 40.13% year-over-year[128]. - The company aims to enhance its wealth management capabilities by integrating online and offline channels, focusing on customer segmentation and targeted marketing strategies[131]. Wealth Management - The bank's wealth management subsidiary, Everbright Wealth Management, received multiple awards, including "2021 Excellent Retail Bank" and "2021 Excellent Wealth Management Bank"[15]. - Retail AUM exceeded CNY 2 trillion, growing by 10.68% from the previous year[19]. - The wealth management client base surpassed 140 million, with over 1 million wealth clients having average assets between 500,000 and 6 million yuan, corresponding to an AUM exceeding 1 trillion yuan[131]. - Wealth management fee income reached CNY 7.944 billion, a year-on-year increase of 23.09%[125]. Corporate Governance - The company has committed to maintaining shareholder rights and ensuring fair treatment for minority shareholders during the profit distribution process[171]. - The company has not encountered any bankruptcy reorganization or major litigation during the reporting period[177]. - The bank reported a total of 593 ongoing lawsuits and arbitration cases with a total amount involved of RMB 674 million, which will not have a significant adverse impact on the bank's financial or operational results[178]. Social Responsibility - The bank has been actively involved in social responsibility initiatives, supporting the "Mother Water Cellar" public welfare project[12]. - The bank established a dedicated Rural Revitalization Financial Department, enhancing the quality and efficiency of financial services for rural revitalization[161]. - The bank launched a comprehensive financial service plan for rural revitalization, which includes 10 service sub-plans and 10 categories of products[161]. International Expansion - The bank's international expansion includes the opening of branches in Hong Kong, Seoul, Luxembourg, Sydney, and a representative office in Tokyo[12]. - The bank provided a comprehensive credit limit of RMB 150 billion to China Pacific Property Insurance Co., Ltd., which is also a related party[186].