2024-03-28 16:00Financial Performance - The net cash flow from operating activities was CNY 642.85 billion, a decrease of CNY 335.57 billion compared to the previous year[3]. - The total interest income for 2023 was CNY 1.25 trillion, an increase of CNY 76.79 billion, representing a growth of 6.56%[28]. - Total profit for 2023 was RMB 389.377 billion, a growth of 1.48% year-on-year, while net profit increased by 2.34% to RMB 332.460 billion[54]. - Non-interest income for 2023 was RMB 152.503 billion, an increase of RMB 12.412 billion, or 8.86%, representing 19.81% of total operating income[34]. - Net commission and fee income decreased to RMB 115.746 billion, a reduction of RMB 0.339 billion, or 0.29%, making up 15.04% of operating income[35]. Asset and Liability Management - The total assets of the group reached RMB 38.325 trillion, reflecting a significant increase from the previous year[43]. - Total liabilities amounted to RMB 35.15 trillion, reflecting a significant increase from RMB 31.72 trillion in the previous year[84]. - As of the end of 2023, the total liabilities of the group reached CNY 35.15 trillion, an increase of CNY 3.43 trillion or 10.81% year-on-year, matching the growth of assets[86]. - The total equity of the group was CNY 3.17 trillion, an increase of CNY 295.83 billion or 10.29% year-on-year, primarily due to an increase in undistributed profits[89]. Loan and Financing Activities - The total amount of loans and advances reached RMB 13.23 trillion, an increase of RMB 2.21 trillion, or 20.01%, driven by increased lending in green finance and advanced manufacturing sectors[45]. - Total loans and advances amounted to RMB 23.86 trillion, an increase of RMB 2.66 trillion or 12.57% year-on-year, with corporate loans at RMB 13.94 trillion and personal loans at RMB 8.77 trillion[73]. - The balance of inclusive finance loans reached CNY 3.04 trillion, an increase of CNY 691.23 billion or 29.40% year-on-year, with 3.17 million customers, an increase of 647,400 customers[108]. - The bank's loan growth in inclusive finance was 29.40% year-on-year[13]. - Interest expense for deposits reached RMB 468 billion, an increase of RMB 65.75 billion or 16.35% year-on-year, driven by a 13.46% growth in average deposit balance[62]. Investment and Income Generation - The net interest margin was 1.50%, and the net interest yield was 1.70%, both down by 31 basis points compared to the previous year[55]. - Financial investment interest income rose to RMB 278.524 billion, an increase of RMB 22.282 billion, or 8.70%, due to a 13.50% growth in average balance[59]. - Interest income from repurchase agreements reached RMB 19.611 billion, an increase of RMB 4.587 billion, or 30.53%, primarily due to a 14.39% growth in average balance and a 24 basis points rise in average yield compared to the previous year[30]. - Total interest expenses for 2023 amounted to RMB 630.133 billion, an increase of RMB 103.229 billion, or 19.59%, with deposit interest expenses accounting for 74.27% of total interest expenses[31]. Digital and Technological Advancements - The bank's digital inclusive finance platform "Jianhang Huidongni" has evolved to version 4.0, enhancing services for small and micro enterprises[166]. - The company has invested over CNY 120 billion in financial technology over the past six years, with the number of financial technology personnel increasing from 6,983 to 16,331[192]. - The "Jianxing Cloud" computing power has reached 463.34 PFlops, which is 7.6 times the capacity from six years ago[192]. - The bank's wealth management system has been enhanced with tools for investment research, customer service, and product trading[123]. Green Finance and Social Responsibility - The bank's green loan balance reached CNY 3.88 trillion, an increase of CNY 1.13 trillion, representing a growth rate of 41.19% year-on-year[147][148]. - The bank issued green bonds totaling over CNY 240 billion, participating in the underwriting of 36 green non-financial corporate debt financing tools with a total issuance scale of CNY 29.143 billion[148]. - The bank's investment in clean energy, energy conservation, and environmental protection industries reached CNY 276 billion through equity investment channels[148]. - The bank provided CNY 1.3 billion in credit support for the "Qianfang Youyu" project, aiding unemployed fishermen in starting businesses[145]. Customer Engagement and Services - The number of registered users for the "CCB Life" app reached 128 million[22]. - The group’s user base for the "CCB Building Home" platform exceeded 51 million, with 287 long-term rental communities in operation[105]. - The total number of personal customers increased by over 14 million, with a total financial amount exceeding CNY 260 billion[188]. - The company has launched personal pension services, providing a full lifecycle account service from account opening to benefit collection[126].