BOB(SH:601169)2023-04-07 16:00Financial Performance - As of the end of 2022, total assets reached CNY 3.39 trillion, an increase of 10.76% from the beginning of the year, maintaining the leading position among city commercial banks[19] - The net profit attributable to shareholders was CNY 24.76 billion, a year-on-year increase of 11.40%, marking the highest growth rate in nearly 8 years[19] - The total deposits amounted to CNY 1.91 trillion, growing by 12.59% compared to the beginning of the year[28] - The company achieved operating income of RMB 66.28 billion, which remained stable compared to the previous year[54] - The total liabilities amounted to RMB 3.08 trillion, reflecting an increase of 11.42% year-on-year[58] - The company’s loan issuance and advances totaled RMB 1.80 trillion, up by 7.42% compared to the previous year[58] - The return on assets (ROA) was 0.77%, while the weighted average return on equity (ROE) was 9.60%, showing a slight improvement and decline respectively[56] - The net interest margin was recorded at 1.76%, reflecting the impact of market interest rate changes[61] - The company reported a net income from non-operating income of RMB 34 million after tax for the reporting period[70] - The company’s cost-to-income ratio improved to 26.55%, maintaining an excellent level among listed banks[185] Asset Quality and Risk Management - The non-performing loan ratio was 1.43%, a decrease of 0.01% compared to the previous year, with a provision coverage ratio of 210.04%, indicating stable asset quality[19] - The company maintained a provision coverage ratio of 210.04% and a provision-to-loan ratio of 3.00%, indicating strong risk resistance capabilities[63] - The non-performing loan ratio improved to 1.43% as of December 31, 2022, down from 1.44% in 2021 and 1.57% in 2020[64] - The liquidity ratio increased to 76.93% in 2022, up from 71.82% in 2021, reflecting a 5.11% improvement[67] - The bank is committed to enhancing its risk management system, focusing on intelligent risk management across all institutions and processes[47] Digital Transformation and Innovation - The company implemented a digital transformation strategy, establishing a unified data foundation and accelerating the development of a unified financial operating system[21] - The company launched several milestone achievements in business transformation, including the "Aixin Tong" 3.0 and the re-engineering of corporate account opening processes[21] - The bank plans to accelerate digital transformation and enhance risk management in response to new regulatory frameworks and market opportunities in 2023[31] - The bank is actively pursuing digital transformation, integrating advanced technologies such as big data and artificial intelligence into its operations[87] - The company aims to enhance employee engagement in digital transformation, with 81.6% of customer service calls being handled by intelligent systems[177] - The company launched the "Aixin Tong" 3.0 smart payroll platform, integrating four intelligent modules, enhancing digital management for enterprises, and providing a comprehensive digital payroll solution[112] Customer Engagement and Services - The bank served over 27 million customers, launching various financial products aimed at enhancing customer engagement and support[29] - The "Xiao Jing Card" program issued 520,000 cards, resulting in a 41% growth in the number of child financial customers, serving over 1.38 million families[22] - The personal pension account openings exceeded 200,000, marking a significant step in the construction of the third pillar of pension[22] - The bank's mobile banking app had over 5.3 million monthly active users, a year-on-year increase of 29%[105] - The bank launched the "Jingying Plan" for children's comprehensive financial services, serving over 1.38 million families and achieving sales of CNY 2.6 billion for the "Jingying Year-End Gift" product[108] Strategic Focus and Growth Areas - The company aims to create a comprehensive financial service system covering all life stages, including children's finance, entrepreneurial finance, and retirement finance[24] - The bank's strategy includes a focus on state-owned enterprises, specialized small and medium enterprises, and inclusive finance for small businesses[24] - The bank's long-term strategy is guided by the principles of digital transformation and innovation, aiming for a "Commercial Bank 2.0" development goal[26] - The bank is responding to national strategies by increasing asset allocation in green finance and technology innovation sectors[163] - The bank's financial market business saw a management scale of RMB 30 trillion, with a national market share of 2.7%[90] Awards and Recognition - The bank received multiple awards in 2022, including the "Best Regional Bank" at the Asia Money 2022 awards and the "Best Bank Award" at the China Financial Frontier Forum[49] - The bank's brand value reached 76.9 billion RMB, ranking 85th in the "China's 500 Most Valuable Brands" list[41] - The bank's brand value ranked among the top in the Chinese banking industry, reflecting a significant increase in brand influence[180]