Financial Performance - Harbin Bank Co., Ltd. reported its audited financial results for the year ending December 31, 2023[1]. - Net interest income for 2023 was RMB 9,549.0 million, an increase of 6.02% compared to RMB 9,007.2 million in 2022[13]. - Total operating income reached RMB 13,241.7 million, reflecting a growth of 2.88% from RMB 12,870.5 million in the previous year[13]. - Net profit attributable to shareholders increased by 33.38% to RMB 740.0 million, up from RMB 554.8 million in 2022[13]. - The company's cost-to-income ratio rose to 42.01%, an increase of 2.60 percentage points from 39.41% in 2022[13]. - The average return on equity improved to 0.35%, up from 0.04% in the previous year, marking a significant increase[13]. - The net profit for 2023 was RMB 8.881 billion, an increase of RMB 1.756 billion, marking a growth of 24.6% year-on-year[28]. - The net profit attributable to shareholders of the parent company was RMB 7.400 billion, up by RMB 1.852 billion, indicating a growth of 33.4%[28]. - The total operating income for the year ended December 31, 2023, was RMB 13.2417 billion, representing an increase from RMB 12.8705 billion in 2022[126]. Asset and Liability Management - As of December 31, 2023, the total assets of Harbin Bank amounted to RMB 813.3287 billion, with total customer loans and advances at RMB 323.1827 billion and total customer deposits at RMB 642.5056 billion[9]. - Total assets reached RMB 813.3287 billion, an increase of 14.1% compared to the previous year[17]. - Total loans amounted to RMB 323.1827 billion, growing by 13.6% year-on-year[17]. - Total deposits increased to RMB 642.5056 billion, reflecting a growth of 15.2% from the previous year[17]. - The total liabilities of the bank amounted to RMB 749.4405 billion, an increase of RMB 100.0280 billion, representing a growth of 15.4% compared to the previous year[91]. - The balance of interbank borrowings was RMB 46.2738 billion as of December 31, 2023, an increase of RMB 5.2874 billion, reflecting a growth of 12.9%[95]. - The total amount of debt instruments issued by financial institutions decreased to RMB 149.8011 billion, a decline of RMB 6.0979 billion, with its proportion in total investment securities dropping from 52.9% in 2022 to 43.1% in 2023[88]. Risk Management - The bank's internal management mechanisms have been optimized, enhancing risk management and compliance[18]. - The company implemented strict risk control measures for new business, optimizing risk admission standards and policies[106]. - The bank's proactive risk management approach aims to control new overdue loans and enhance recovery efforts for non-performing assets[118]. - The bank has implemented measures to strengthen credit risk management, including optimizing internal rating systems and enhancing collateral risk valuation processes[177]. - Liquidity risk management is prioritized, with a commitment to early identification and control of potential liquidity risks, ensuring sufficient funding for obligations[178]. - The bank conducts regular analysis of economic conditions and financial market trends to assess potential liquidity risk sources and their impact on operations[178]. - The bank aims to maintain a sufficient level of high-quality liquid assets to meet both normal and stressed operating conditions[178]. Customer and Market Engagement - The bank established 386 operating institutions across seven major administrative regions in China by the end of 2023[9]. - The total number of branches established by Harbin Bank reached 17 in major cities and 30 village banks across 14 provinces and municipalities[9]. - The number of retail customers reached 14,647,600 by the end of 2023, an increase of 363,300 customers compared to the previous year[136]. - The bank maintained a market share of 19.1% in retail deposits in Harbin, ranking first in the region for six consecutive years[137]. - The total sales of personal wealth management products, including wealth management, funds, and insurance, amounted to RMB 47.43 billion during the reporting period[141]. - The company issued a total of 18.0965 million debit cards by December 31, 2023, with an increase of 310,800 cards during the reporting period[140]. Awards and Recognition - Harbin Bank's "Beautiful Life Account" product won the "Best Regional Financial Deposit Product Award" at the 2023 Asian Banker Awards[9]. - The bank was recognized as the "Best Rural Service Revitalization Bank" in the 2022 Financial Times "Gold Dragon Awards" and received multiple awards for its digital transformation initiatives[10]. - The bank's unified intelligent risk control platform was awarded at the China Digital Finance Annual Conference in 2023[10]. Corporate Social Responsibility - The total social welfare expenditure of the company reached RMB 17.2031 million, with green credit balance amounting to RMB 3.1 billion by the end of 2023[194]. - The company engaged in 168 community service activities, benefiting over 60,000 individuals through various volunteer projects during the reporting period[196]. - The company responded to disaster relief efforts by providing aid to over 1,234 households affected by flooding in Heilongjiang Province[196]. - The company issued RMB 50 million in working capital loans to environmental enterprises, using carbon reduction as collateral, marking the first such loan in the province[196]. Governance and Compliance - The board of directors and the audit committee reviewed the annual results, ensuring accuracy and compliance with regulations[1]. - The company holds a financial license approved by the National Financial Regulatory Administration, indicating its compliance with local regulations[2]. - The company has established a clear legal risk prevention process, enhancing its legal compliance training and internal control culture[189]. - The company has implemented a comprehensive anti-money laundering management mechanism, including the creation of an anti-money laundering center to improve work efficiency[191].
哈尔滨银行(06138) - 2023 - 年度业绩