BOB(601169)2024-04-11 16:00Financial Performance - Total assets reached 3.75 trillion yuan, a year-on-year increase of 10.65%[10] - Net profit attributable to shareholders was 25.624 billion yuan, up 3.49% year-on-year[10] - Operating income for 2023 was 66.711 billion yuan, a year-on-year increase of 0.66%[20] - Net profit attributable to shareholders was 25.624 billion yuan, a year-on-year increase of 3.49%[20] - Revenue for 2023 reached RMB 66.711 billion, a year-on-year increase of 0.66%[39] - Net profit attributable to shareholders of the parent company was RMB 25.624 billion, up 3.49% year-on-year[39] - Total assets grew by 10.65% to RMB 3.75 trillion by the end of 2023[42] - Revenue for the reporting period reached 66.711 billion yuan, a year-on-year increase of 0.66%[181][182] - Net profit attributable to shareholders of the parent company was 25.624 billion yuan, up 3.49% year-on-year[181][182] - Net interest income accounted for 75.47% of total revenue, a decrease of 2.17 percentage points year-on-year[184][185] - Non-interest net income in 2023 reached RMB 16.361 billion, a year-on-year increase of 10.41%, accounting for 24.53% of total operating income[193] - The company's fee and commission net income in 2023 was RMB 3.752 billion, a significant decrease of 46.90% compared to 2022, primarily due to reduced income from agency and entrusted business[194] - Business and management expenses in 2023 amounted to RMB 19.269 billion, an increase of 9.49% year-on-year, with a cost-to-income ratio of 28.88%[195] Asset Quality and Risk Management - Non-performing loan ratio decreased to 1.32%, down 0.11 percentage points from the beginning of the year[10] - Provision coverage ratio improved to 216.78%, up 6.74 percentage points from the beginning of the year[10] - Non-performing loan ratio decreased by 0.11 percentage points to 1.32%[20] - Provision coverage ratio increased by 6.74 percentage points to 216.78%[20] - The non-performing loan ratio decreased by 0.11 percentage points to 1.32%, while the provision coverage ratio increased by 6.74 percentage points to 216.78%[46][47] - The non-performing loan ratio was 1.32%, a decrease of 0.11 percentage points from the beginning of the year[66] - The bank's retail non-performing loan ratio was 1.15%, with asset quality remaining stable and controllable[79] - Non-performing loan ratio and overdue loan ratio decreased compared to the beginning of the year, with the non-performing loan generation rate also declining year-on-year, and the provision coverage ratio increased compared to the beginning of the year[155] - The new credit risk management system was fully launched, achieving 100% coverage of credit risk quantitative assessment for industrial and commercial registered enterprises, with an average early warning time improved to 4 months[157] Digital Transformation and Innovation - Completed 20 major projects and 13 shortlisted projects in digital transformation[12] - Launched the "Jingzhi Brain" AIB financial intelligent application platform[12] - The company established a digital currency innovation lab in Suzhou and became the first city commercial bank to access the central bank's digital RMB system[21] - The company launched the "AIB" (AI Banking) platform, aiming to build an "AI-driven commercial bank"[23] - The company optimized the "Smoke Index" 2.0 version, enabling early warnings up to 15 months in advance, with an average warning time improved to 4 months[23] - The bank built a unified data base, a unified financial operating system, and a unified risk control platform, winning the first "three major battles" of digital transformation[121] - The bank launched the "new three major battles" of digital transformation, focusing on "big retail, big operations, and big technology"[122] - The company's AI-driven banking initiative has deployed over 2,000 customer engagement strategies, reaching over 370 million customers[127] - The company invested RMB 2.89 billion in digital transformation, including technology R&D, equipment procurement, and infrastructure construction[195] - The number of IT employees at the end of 2023 was 977, with 99% holding a bachelor's degree or higher, including 59.47% with a master's degree or above[197][198] - The company's information technology investment accounted for 4.5% of its operating income in 2023, an increase of 0.8 percentage points compared to the previous year[199] - The company established a Financial Technology Management Committee in 2023, holding 7 meetings and identifying 20 major projects for the year[200] Loans and Advances - Loans for technology finance, green finance, and inclusive finance all grew by more than 30%[11] - Technology financial loan balance reached 259.236 billion yuan, a year-on-year increase of 33.10%[20] - Green loan balance reached 156.047 billion yuan, a year-on-year increase of 41.47%[20] - The balance of inclusive finance loans reached 231.516 billion yuan, a year-on-year increase of 34.5%[21] - The balance of loans for "specialized, sophisticated, distinctive, and innovative" enterprises reached 72.9 billion yuan, a year-on-year increase of 187%[21] - Total loans and advances increased by 12.14% to RMB 2.02 trillion, with corporate loans growing by 16.62% and personal loans by 9.80%[42][43] - The company's loan-to-deposit ratio improved, with a focus on supporting technology, green finance, and inclusive finance sectors[42] - The company's technology finance loan balance reached 259.236 billion yuan, an increase of 64.466 billion yuan or 33.10% from the beginning of the year[129] - The company's green loan balance reached 156.047 billion yuan, an increase of 45.744 billion yuan or 41.47% from the beginning of the year[130] - The company's inclusive finance loan balance reached 231.516 billion yuan, an increase of 59.388 billion yuan or 34.5% from the beginning of the year[131] - The number of inclusive small and micro enterprise loan accounts reached 349,000, an increase of 49,700 or 16.6% from the beginning of the year[132] - The company served nearly 13,000 "specialized, refined, and innovative" enterprises, with a loan balance exceeding 72.9 billion yuan, a year-on-year increase of 187.13%[105] - The company's "Linghang e-loan" product balance exceeded 29 billion yuan, becoming a flagship product for serving "specialized, refined, and innovative" enterprises[109] - The company's supply chain financing reached nearly 1 trillion yuan, with over 1,000 core enterprises and more than 10,000 chain enterprises, achieving a customer growth rate of over 100%[111] - The company's bond underwriting scale reached 235.499 billion yuan, a year-on-year increase of 88.44%, with an increment of 110.525 billion yuan, ranking first in the interbank market[112] - The company participated in the issuance of 17 out of 30 publicly offered REITs in the market, achieving full coverage of market-first REITs project investments[112] Retail Banking and Customer Focus - Targeted children and elderly customer groups in retail banking, aiming to become a "child-friendly bank" and a "bank for life"[13] - The number of personal pension fund accounts exceeded 1.3 million, ranking first among city commercial banks and first in market share in Beijing[21] - Retail AUM reached 1.0365 trillion yuan, a year-on-year increase of 6.32%, and the number of retail customers exceeded 29 million[65] - Retail revenue reached 24.39 billion yuan, a year-on-year increase of 10.21%, contributing 37.73% to the total revenue, an increase of 3.64 percentage points from the beginning of the year[75] - Retail AUM stood at 1.036526 trillion yuan, an increase of 61.584 billion yuan from the beginning of the year, with a growth rate of 6.32%[76] - Retail credit balance reached 698.901 billion yuan, an increase of 62.619 billion yuan from the beginning of the year, with a growth rate of 9.84%[77] - The number of retail customers exceeded 29 million, reaching 29.09 million, an increase of 1.566 million from the beginning of the year, with a growth rate of 5.69%[78] - The bank issued nearly 1.1 million "Xiao Jing Cards," serving 1.9 million families, with new customers accounting for 82% of the total[82] - The bank's retail interest net income increased by 14.1% year-on-year, contributing 46.94% to the total, an increase of 6.82 percentage points[75] - The bank's savings deposit scale exceeded 600 billion yuan, reaching 615.733 billion yuan, an increase of 77.966 billion yuan from the beginning of the year, with a growth rate of 14.5%[76] - The bank's retail credit structure was optimized, with the proportion of personal consumption and business loans increasing by 6.61 percentage points from the beginning of the year[77] - Pension account openings exceeded 1.3 million, achieving the goal of ranking first among city commercial banks and first in market share in Beijing[83] - The average deposit amount per pension account reached nearly 7,000 yuan, with deposit quality at a high level among peers[83] - The company issued over 8,300 exclusive "Talent Cards" to support high-level talent development in Beijing[85] - The "Aixin Tong" smart salary service added nearly 10,000 high-quality corporate clients[86] - The company's insurance AUM increased by 32.3% year-over-year, with 115 insurance products sold through 10 insurance companies[90] - Private banking product offerings increased by 82.6% year-over-year, with 566 products launched[91] - Private banking product sales scale grew by 64.2% year-over-year, with a 21.8% increase in outstanding product scale[91] - The company's "Aixin Tong" platform saw over 1 million participants in its "Aixin Welfare Day" brand activities[86] - The company's "Jingcai Fanghua 'She' Finance" brand was launched, focusing on female clients with exclusive financial products and services[84] - The company's "Jingcai Xipin" assistance activities involved over 100,000 employees, with consumption exceeding 10 million yuan[88] - The scale of the "Jing e Loan" product increased by 298% compared to the beginning of the year[92] - The electronic application rate for credit cards exceeded 90%, with the approval rate increasing by nearly 46 percentage points[93] - Debit card online payment transactions reached 750 million, with a transaction amount of 225.85 billion yuan, up 16.3% and 9.3% year-on-year respectively[94] - The "Shield" platform intercepted 337,300 risky transactions, recovering over 160 million yuan in customer losses[94] Corporate Banking and Strategic Initiatives - Focused on serving "specialized, refined, and innovative" enterprises in corporate banking[13] - The bank served 11% of the "specialized, sophisticated, distinctive, and innovative" enterprises nationwide with 1% of the financial assets[14] - The bank launched the "Pilot e-Loan" product and established the "Specialized, Sophisticated, Distinctive, and Innovative Research Institute" platform[14] - The bank's cash dividend ratio has remained above 30% since 2017[16] - The number of corporate value customers reached 67,800, an increase of nearly 10,000 from the beginning of the year[21] - The underwriting scale of non-financial corporate debt financing instruments increased by 110.5 billion yuan, ranking first in the interbank market[21] - The company participated in the issuance of 17 out of 30 public REITs projects in the market[21] - The issuance volume of "Xiaojing Card" reached nearly 1.1 million cards, with over 16,000 "Jingmiao Club" events held[21] - The company's RMB corporate deposit balance exceeded 1.4 trillion yuan, an increase of 123.3 billion yuan from the beginning of the year[99] - The balance of inclusive finance loans reached 231.516 billion yuan, an increase of 59.388 billion yuan from the beginning of the year, with a growth rate of 34.5%[102] - The balance of technology finance reached 259.236 billion yuan, an increase of 64.466 billion yuan from the beginning of the year, with a growth rate of 33.10%[103] - The company served nearly 13,000 "specialized, refined, and innovative" enterprises, with a loan balance exceeding 72.9 billion yuan, a year-on-year increase of 187.13%[105] - The company's value customer base reached 67,817, an increase of 9,554 from the beginning of the year, with a growth rate of 16.40%[105] - The company signed strategic cooperation agreements with 46 clients, including the Beijing Fengtai District Government, Beijing Property Exchange, and China Unicom, to build a comprehensive financial service ecosystem[106] - The company's cumulative business amount in the clean energy, automotive, and high-end equipment industry chains reached FPA caliber[106] - The company's corporate loans in the Beijing region totaled 313 billion yuan, with an overall project connection rate exceeding 80% and approved credit exceeding 40.4 billion yuan[107] - The company launched several online products, including "Linghang e-loan" and "Jingli e-loan," and upgraded the "Little Giant" APP to version 3.0, expanding credit financing services to 19 functions[108] - The company's "Linghang e-loan" product balance exceeded 29 billion yuan, becoming a flagship product for serving "specialized, refined, and innovative" enterprises[109] - The company's supply chain financing reached nearly 1 trillion yuan, with over 1,000 core enterprises and more than 10,000 chain enterprises, achieving a customer growth rate of over 100%[111] - The company's bond underwriting scale reached 235.499 billion yuan, a year-on-year increase of 88.44%, with an increment of 110.525 billion yuan, ranking first in the interbank market[112] - The company participated in the issuance of 17 out of 30 publicly offered REITs in the market, achieving full coverage of market-first REITs project investments[112] - The scale of the bank's financial market management business reached 3.72 trillion yuan, a year-on-year increase of 26.46%[113] - The transaction volume of bill business increased by 132% year-on-year, and the transaction volume of interbank loans increased by 54% year-on-year[113] - The scale of custody assets reached 1.61 trillion yuan, with a growth rate of 53.74%[114] - The number of interbank cooperation institutions exceeded 1,000, an increase of 23.19% compared to the beginning of the year[116] - The bank supported green, carbon neutrality, and rural revitalization with financial support of 9.021 billion yuan[117] - The underwriting volume of government bonds increased by 41% year-on-year, and the underwriting volume of policy financial bonds increased by 22% year-on-year[118] - The investment balance of green bonds increased by 85% compared to the beginning of the year[118] - The bank completed the reform of the custody architecture, achieving a business development model of "integrated collaboration, professional division, agile response, and efficient operation"[119] - The bank built a unified data base, a unified financial operating system, and a unified risk control platform, winning the first "three major battles" of digital transformation[121] - The bank launched the "new three major battles" of digital transformation, focusing on "big retail, big operations, and big technology"[122] - The company's AI-driven banking initiative has deployed over 2,000 customer engagement strategies, reaching over 370 million customers[127] - The company's technology finance loan balance reached 259.236 billion yuan, an increase of 64.466 billion yuan or 33.10% from the beginning of the year[129] - The company's green loan balance reached 156.047 billion yuan, an increase of 45.744 billion yuan or 41.47% from the beginning of the year[130] - The company's inclusive finance loan balance reached 231.516 billion yuan, an increase of 59.388 billion yuan or 34.5% from the beginning of the year[131] - The number of inclusive small and micro enterprise loan accounts reached 349,000, an increase of 49,700 or 16.6% from the beginning of the year[132] - The company has opened over 1.3 million personal pension fund accounts, ranking first in market share in Beijing[132] - The company has completed the inventory of over 140,000 entities and 3 million attributes, forming an enterprise-level data asset catalog[133] - The company has designed 141 dashboards and put 115 into production, accumulating over 2,000 data indicators[133] - The company has issued 26.61 million digital yuan in rewards to over 190 innovative small and medium-sized enterprises[133] - The company has established a digital currency innovation laboratory in Suzhou to strengthen research and application of digital currency scenarios[133] - The bank launched the "Jingying Plan" children's comprehensive financial service 3.0, issuing over 1.1 million "Xiaojing Cards" and serving 1.9 million child customers and families[135] - The bank's "Chuangying Loan" for entrepreneurship reached a balance of 13.2 billion yuan, and it issued 8,300 exclusive "Yingcai Cards" for talents[137] - The bank served nearly 13,000 "specialized, sophisticated, distinctive, and innovative" enterprises, with a loan balance exceeding 72.9 billion yuan, a