Bank of Chengdu(SH:601838)2024-04-24 11:38Financial Performance - As of the end of 2023, Chengdu Bank's total assets reached RMB 1,091.243 billion, making it the first city commercial bank in the western region to exceed RMB 1 trillion in asset size[18]. - Operating income, operating profit, and net profit exceeded RMB 21 billion, RMB 16 billion, and RMB 11 billion respectively, with a weighted average return on equity of 18.78%[18]. - In 2023, Chengdu Bank reported operating income of CNY 21,702,189 thousand, an increase of 7.22% compared to CNY 20,241,312 thousand in 2022[36]. - The net profit for 2023 reached CNY 11,671,933 thousand, reflecting a growth of 16.22% from CNY 10,043,073 thousand in 2022[36]. - The bank's basic earnings per share for 2023 was CNY 3.01, representing an increase of 11.90% from CNY 2.69 in 2022[38]. - Total profit amounted to 13,892,333 thousand yuan, up 18.93% from 11,681,213 thousand yuan in 2022[25]. - The asset profit margin for 2023 is 1.16%, slightly down from 1.19% in 2022[40]. - The cost-to-income ratio increased to 25.09% in 2023 from 24.39% in 2022[40]. Asset and Liability Management - The total amount of loans and advances increased by 28.27% to CNY 625,742,219 thousand in 2023, compared to CNY 487,826,670 thousand in 2022[36]. - The bank's total liabilities increased by 19.12% to CNY 1,019,923,459 thousand in 2023, compared to CNY 856,224,024 thousand in 2022[36]. - The bank's net assets attributable to shareholders reached CNY 71,235,227 thousand, up 16.13% from CNY 61,342,713 thousand in 2022[36]. - Total deposits reached 780,421,289 thousand yuan in 2023, up from 654,652,022 thousand yuan in 2022, marking an increase of approximately 19.2%[50]. - Total loans and advances increased to 625,742,219 thousand yuan in 2023, compared to 487,826,670 thousand yuan in 2022, representing a growth of about 28.3%[50]. Credit Quality and Risk Management - The non-performing loan ratio was 0.68%, marking eight consecutive years of decline, with a provision coverage ratio of 504.29%[18]. - The non-performing loan ratio improved to 0.68% in 2023, down from 0.78% in 2022[40]. - The provision coverage ratio remained strong at 504.29% in 2023, compared to 501.57% in 2022[40]. - The bank's focus on risk management has led to a decrease in the proportion of non-performing loans from 0.84% in 2023 compared to 0.78% in 2022[153]. - The bank has implemented measures to enhance credit risk management, including optimizing credit risk management structure and improving personnel training[185]. Digital Transformation and Innovation - Digital channel business transaction volume accounted for 99%, with mobile banking monthly active users growing nearly 30% year-on-year[23]. - The bank's digital transformation projects are being implemented, with significant improvements in operational efficiency[23]. - The monthly active users of the mobile banking app reached 1.1735 million by the end of the reporting period[79]. - The company successfully launched its first gold swap transaction, enhancing its product offerings[78]. Corporate Governance and Community Engagement - The board proposed a cash dividend of RMB 8.968 per 10 shares, totaling RMB 3.4203 billion, which accounts for 30.05% of the net profit attributable to shareholders[7]. - The bank's corporate culture initiatives have reached over 70 million internet visits, promoting community engagement and financial education[24]. - The bank has established a standardized wealth advisory service system, with steady growth in fund distribution business[22]. Market Position and Recognition - Chengdu Bank's ranking in the "Global 1000 Banks" list by The Banker reached 181, marking a continuous two-digit rise for six consecutive years[18]. - The bank received multiple awards in 2023, including recognition as the "Best Growing Listed Bank" and "Best Mobile Banking" by various financial institutions[32]. Green Finance and Sustainable Development - The proportion of green loans has been continuously increasing, successfully qualifying as one of the first local financial institutions in the country to support carbon reduction tools[23]. - The bank is focused on supporting green, low-carbon, and circular economy developments, enhancing financial services for key industries[72].