CCB(601939)2023-03-29 16:00Financial Performance - Net interest income for 2022 was RMB 643,064 million, an increase of 6.22% from RMB 605,420 million in 2021[1]. - Non-interest income decreased by 18.01% to RMB 179,409 million from RMB 218,826 million in 2021, with net fee and commission income down by 4.45%[1]. - Total operating income was RMB 822,473 million, a slight decrease of 0.22% compared to RMB 824,246 million in 2021[1]. - The net profit for 2022 reached RMB 323,166 million, reflecting a growth of 6.33% from RMB 303,928 million in 2021[1]. - Total revenue for 2022 was RMB 822,473 million, a slight decrease of 0.22% compared to 2021[173]. - Net profit increased by 6.33% to RMB 323,166 million in 2022, up from RMB 303,928 million in 2021[173]. - The total profit for the year was CNY 382.017 billion, a year-on-year increase of 0.95%, while net profit rose by 6.33% to CNY 323.166 billion[125]. Income and Expenses - Interest income for 2022 was RMB 1,169,900 million, an increase of RMB 112,566 million or 10.65% from the previous year[14]. - The total interest expenses for the group amounted to RMB 526.836 billion, an increase of RMB 74.922 billion or 16.58% year-on-year, with interest expenses from deposits accounting for 76.35% of the total[21]. - The employee costs increased to RMB 126.594 billion in 2022, up 7.07% from RMB 118.238 billion in 2021[40]. - The bank's total expenses for business and management were RMB 213.219 billion, an increase of 1.60% from the previous year[40]. Asset and Liability Management - The total assets of the company increased to RMB 33,115,865 million, up from RMB 29,613,956 million in 2021[6]. - As of the end of 2022, the total assets of the group reached RMB 34.60 trillion, an increase of RMB 4.35 trillion, representing a growth of 14.37% compared to the previous year[55]. - The total liabilities of the group amounted to CNY 31.72 trillion, an increase of CNY 4.08 trillion or 14.77% compared to the previous year[89]. - The balance of deposits reached CNY 25.02 trillion, up CNY 2.64 trillion or 11.81% year-on-year[89]. Loan and Advance Growth - The total amount of loans and advances reached RMB 21.20 trillion, an increase of RMB 2.39 trillion, with a growth rate of 12.71% year-on-year[60]. - The net amount of loans and advances increased by RMB 2.32 trillion, with a growth rate of 12.79% year-on-year, supporting high-quality development in various sectors[55]. - Domestic corporate loans and advances amounted to RMB 11.02 trillion, up RMB 1.43 trillion, reflecting a growth of 14.87%[60]. - Personal loans and advances totaled RMB 8.24 trillion, increasing by RMB 344.84 billion, with a growth rate of 4.37%[60]. Risk Management - The company employs a three-stage risk assessment model for credit risk, considering various factors including macroeconomic conditions and debtor credit ratings[68]. - The non-performing loan ratio improved to 1.38%, down from 1.42% in 2021[175]. - The bank aims to enhance risk management and compliance, focusing on proactive credit loss management and maintaining stable risk indicators[194]. Strategic Initiatives - The company is focusing on new financial initiatives including housing leasing, inclusive finance, and green finance to enhance service offerings[110]. - The bank has implemented three major strategies focusing on housing rental, inclusive finance, and financial technology to enhance service quality and support economic development[150]. - The bank's green finance development strategy for 2022-2025 was approved in January 2022, marking a significant step towards sustainable finance[160]. User Engagement and Technology - 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[142]. - The number of online users exceeded 500 million, with mobile banking users reaching 440 million, showcasing industry-leading active user ratios[188]. - The bank's technology infrastructure has seen a rapid increase, with computing power growing to 68 times that of five years ago[171]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12%[136]. - The company aims to improve its capital adequacy ratio to 15% by the end of the next fiscal year[136].