2023-03-30 11:08Financial Performance - Net interest income for 2022 was RMB 693,687 million, a slight increase from RMB 690,680 million in 2021, representing a growth of 0.15%[3] - Total operating income decreased to RMB 841,441 million in 2022 from RMB 860,880 million in 2021, reflecting a decline of 2.3%[3] - Net profit attributable to shareholders reached RMB 360,483 million, up from RMB 348,338 million in 2021, marking an increase of 3.3%[3] - The company's net profit increased by 3.1% to reach RMB 361 billion, setting a historical high[10] - Total operating income was RMB 841.441 billion, a decrease of 2.3%, with net interest income at RMB 693.687 billion, up 0.4%[14][15] - The company achieved a net profit of RMB 361.038 billion in 2022, an increase of RMB 10.822 billion, representing a growth of 3.1%[14] - The company reported a net profit of 1,767,537 million in retained earnings as of December 31, 2022, compared to 1,620,642 million in 2021, reflecting an increase of about 9.1%[174] Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 39,609,657 million, compared to RMB 35,171,383 million in 2021, indicating a growth of 12.9%[3] - The bank's total liabilities rose to RMB 36,095,831 million in 2022 from RMB 31,896,125 million in 2021, reflecting an increase of 13.8%[3] - Total assets grew by 12.6% to RMB 39.6 trillion, maintaining a leading position among global banks[10] - The total amount of loans as of December 31, 2022, was RMB 23,212.312 million, compared to RMB 20,667.245 million at the end of 2021[43] - The total liabilities as of December 31, 2022, were 36,095,831 million, up from 31,896,125 million in 2021, which is an increase of approximately 13.8%[174] Customer Loans and Advances - Customer loans and advances totaled RMB 23,212,312 million, an increase from RMB 20,667,245 million in 2021, representing a growth of 7.5%[3] - The company’s corporate loans increased by RMB 16,322.60 million, a growth of 13.4% year-on-year[40] - Personal loans rose by RMB 2,917.80 million, reflecting a growth of 3.7% from the previous year[41] - The total amount of non-performing loans (NPLs) reached RMB 321.170 million, an increase of RMB 277.41 million, with a non-performing loan ratio of 1.38%, down by 0.04 percentage points[42] - The bank continues to enhance risk management across various industries, aiming to stabilize overall loan quality[45] Capital and Equity - The bank's core tier 1 capital increased to RMB 3,121,080 million from RMB 2,886,378 million in 2021, a growth of 8.1%[3] - The capital adequacy ratio rose to 19.26%, with a provision coverage ratio of 209.47%, indicating strong risk resistance capabilities[10] - Total equity attributable to shareholders was RMB 3,513,826 million as of December 31, 2022, compared to RMB 3,275,258 million in 2021, indicating an increase of 7.3%[114] - Core Tier 1 capital increased to RMB 3,141,891 million as of December 31, 2022, up from RMB 2,903,516 million in 2021, reflecting a growth of 8.2%[64] - The total capital ratio improved to 19.26%, compared to 18.02% in the previous year, demonstrating enhanced capital strength[171] Income and Expenses - Non-interest income for 2022 was RMB 147.75 billion, a decrease of RMB 22.45 billion, or 13.2%, accounting for 17.6% of total operating income[28] - The company's total operating expenses were RMB 240.88 billion, an increase of RMB 4.66 billion, or 2.0%, with employee costs rising by 3.0%[31] - The income tax expense for 2022 was RMB 61,527 million, a decrease from RMB 74,683 million in 2021, indicating a reduction of 17.6%[126] - The company reported a pre-tax profit of RMB 422,565 million for 2022, slightly down from RMB 424,899 million in 2021[119] Customer Deposits - Customer deposits amounted to RMB 29,870.49 billion, up RMB 34,287.17 billion or 13.0% year-over-year, with corporate deposits increasing by 10.0% and personal deposits by 16.4%[60] - The company’s total customer deposits increased by RMB 3.4 trillion, setting a new record[12] - Daily average deposit growth outperformed peers, achieving the highest balance ratio in recent years, indicating a stable upward trend in deposit accumulation[80] Risk Management - The non-performing loan ratio decreased to 1.38%, continuing a downward trend for eight consecutive quarters[10] - The provision coverage ratio for loan impairment was 209.47% at the end of 2022, an increase of 3.63 percentage points year-over-year[47] - The bank is committed to optimizing credit structures and supporting the real economy through targeted financing strategies[44] Technology and Innovation - The company is focused on strengthening technology, data, and talent support to enhance customer experience and operational efficiency[74] - The D-ICBC digital ecosystem and ECOS technology ecosystem construction have significantly improved, with over 270 PB of data, a 30% year-on-year growth[79] Shareholder Information - The total number of ordinary shareholders reached 734,420, with a notable presence of state-owned entities among the top shareholders[83] - The top shareholder, Central Huijin Investment Ltd., holds 34.71% of the shares, followed by the Ministry of Finance with 31.14%[84] - The cash dividend for ordinary shares for the year 2022 was RMB 3.035 per 10 shares, totaling approximately RMB 108.169 billion, representing a payout ratio of 31.3%[110] Regulatory Compliance - The company has adhered to the corporate governance code as per Hong Kong Listing Rules during the reporting period[106] - The company plans to issue up to RMB 130 billion of perpetual capital bonds to supplement its Tier 1 capital, pending regulatory approval[66]