PSBC(01658)2023-04-25 00:03Financial Performance - The operating income reached RMB 335.39 billion, an increase of 5.10% year-on-year[1]. - Net profit attributable to shareholders was RMB 85.22 billion, up 11.89% year-on-year[3]. - Total assets exceeded RMB 14 trillion, growing by 11.75% compared to the end of the previous year[3]. - Total customer loans amounted to RMB 7.21 trillion, reflecting an increase of 11.72% year-on-year[3]. - Total customer deposits reached RMB 12.71 trillion, with a year-on-year growth of 11.98%[3]. - The non-performing loan ratio stood at 0.84%, with a provision coverage ratio of 385.51%[3]. - Operating income for 2022 reached RMB 335.39 billion, representing a year-on-year growth of 5.10%[42]. - Net profit attributable to bank shareholders was RMB 85.22 billion, an increase of 11.89% compared to the previous year[44]. - The net interest income for 2022 was RMB 273.59 billion, up from RMB 269.38 billion in 2021[51]. - The bank's total liabilities reached RMB 13.24 trillion, marking a year-on-year growth of 12.29%[45]. - The weighted average return on equity improved to 12.31%, an increase of 0.03 percentage points year-on-year[48]. - The cost-to-income ratio was reported at 61.44%, an increase from 59.08% in 2021[54]. - The liquidity ratio stood at 73.87%, well above the regulatory requirement of 25%[57]. - The bank's basic and diluted earnings per share for 2022 were RMB 0.85, compared to RMB 0.78 in 2021[51]. Customer and Market Focus - The bank aims to enhance its services in rural revitalization, small and micro enterprises, proactive credit, wealth management, and financial markets[4]. - The bank emphasizes a customer-centric approach, aiming to create value for over 650 million customers through a comprehensive service system[5]. - The company has over 40,000 business outlets and serves more than 650 million individual customers[22]. - The company aims to enhance its wealth management transformation and upgrade its retail credit business model[18]. - The company is focused on supporting the real economy and contributing to economic stability[18]. - The company aims to strengthen its support for rural revitalization, small and micro enterprises, and urban residents, enhancing service levels[26]. - The company is focusing on digital transformation in risk management and enhancing its intelligent risk control capabilities[66]. - The company aims to enhance its comprehensive financial service capabilities for small and micro enterprises throughout their entire lifecycle[72]. - The company aims to promote wealth management to benefit a broad range of urban and rural residents, leveraging a customer base of over 650 million[73]. Risk Management and Compliance - The company emphasizes risk management and has established a comprehensive risk management system[22]. - The company emphasizes the importance of risk management, with a comprehensive credit risk monitoring system covering all credit clients[28]. - The company is set to increase financial support for key sectors such as agriculture, technology innovation, green development, and small enterprises in 2023[80]. - The company plans to strengthen risk management and monitoring systems to maintain a robust risk profile[82]. - The company emphasizes a comprehensive risk management approach, integrating digitalization and centralization into its risk management processes[76]. Digital Transformation and Innovation - The company has initiated a digital RMB pilot to assist in its digital transformation[18]. - The company is committed to building a digital inclusive service ecosystem and enhancing customer-centric financial services[18]. - The company is enhancing its IT capabilities, with a new core personal business system fully operational and an increasing proportion of self-developed applications[28]. - The company is focusing on enhancing financial technology innovation to improve service efficiency and customer experience[151]. - The company is committed to digital transformation to improve customer experience, reduce operational costs, and enhance management efficiency[75]. - The company has launched a private banking service targeting high-net-worth clients, with the first private banking center opening in Wuhan on January 18, 2023[166][167]. Awards and Recognition - The company has received ratings of A+ from Fitch, A1 from Moody's, and A from S&P Global, with a stable outlook[23]. - The company was awarded the Annual Financial Technology Development Award by the People's Bank of China[39]. - The company was recognized as the Best Retail Bank and Best Financial Technology Innovation Bank by Global Finance[40]. - The company received the Outstanding Green Financial Institution award from Hong Kong Commercial Daily[39]. - The company was awarded the Annual Inclusive Finance Award by Daily Economic News[40]. - The company was recognized as one of the Top 10 Best Employers in China for 2022 by Zhaopin and Peking University[40]. - The company was awarded the Annual Market Influence Award by the China Foreign Exchange Trading Center[39]. - The company was recognized as the Best Listed Company and Most Investment Value Listed Company by Dagong Wenhui Media Group[39]. Wealth Management and Financial Products - The wealth management business saw a significant increase in fee income, reaching RMB 7.606 billion, a growth of 47.12% year-on-year[105]. - The bank's wealth management system served 1.0114 million customers, with asset allocation plans developed for 486,500 high-net-worth clients, a year-on-year growth of nearly 156%[168]. - The bank's new insurance premium for long-term policies reached CNY 76.27 billion, accounting for 28.50% of new premiums, an increase of 8.66 percentage points year-on-year[160]. - The bank's asset management plan (including trust plans) had a total scale of CNY 61.541 billion, which increased by nearly 50% compared to the end of the previous year[160]. - The bank's promotional activities for personal pension services included various media campaigns to enhance customer awareness and engagement[161]. Corporate Social Responsibility and Community Engagement - The company has established a comprehensive financial service system focusing on key customer groups, enhancing user acquisition through technology-enabled solutions in various sectors, including healthcare and education[198]. - The company has advanced the construction of a smart rural platform, serving 11,000 rural clients in areas such as asset management and property rights transactions[198]. - The company has actively supported key regional development strategies, with corporate loan balances in key areas reaching 1.127265 trillion yuan, an increase of 200.85 billion yuan[194].