Bank Of Shanghai(SH:601229)2023-04-27 16:00Financial Performance - In 2022, Shanghai Bank achieved a net profit attributable to shareholders of 22.08 billion RMB, a year-on-year increase of 1.08%[8]. - Total operating income for 2022 was RMB 53,112,478, down 5.54% from RMB 56,229,904 in 2021[33]. - Net profit for 2022 reached RMB 22,317,928, reflecting a 1.08% increase compared to RMB 22,080,368 in 2021[33]. - The average return on assets for 2022 was 0.81%, down from 0.86% in 2021[34]. - The weighted average return on equity for ordinary shareholders was 11.00% in 2022, a decrease of 0.80 percentage points from 11.80% in 2021[34]. - Operating income was RMB 53.11 billion, a decrease of 5.54% year-on-year[44]. - The company reported a net cash flow from operating activities of RMB 25,190,851 in 2022, a significant recovery from a negative cash flow in 2021[33]. - The company reported a total operating revenue of RMB 53,112.48 million, a decrease of RMB 31.17 million or 5.54% year-on-year[46]. Asset and Liability Management - Total assets reached 2,878.53 billion RMB, growing by 8.49% compared to the previous year[8]. - The year-end equity attributable to shareholders was 221.05 billion RMB, up 7.72% from the end of the previous year[8]. - The total liabilities of the group reached RMB 2,656.88 billion, an increase of RMB 209.45 billion, representing a growth rate of 8.56% compared to the previous year[82]. - The capital adequacy ratio improved to 13.16% as of December 31, 2022, up from 12.16% in 2021[36]. - The company optimized its liability structure, reducing interbank liabilities and increasing the stability of its funding sources[84]. - The total deposits increased to RMB 1,571,456,429 in 2022, reflecting an 8.34% growth from RMB 1,450,430,492 in 2021[35]. Loan and Credit Quality - The non-performing loan ratio remained stable at 1.25%, unchanged from the previous year[8]. - The overdue non-performing loan ratio decreased by 30 percentage points compared to the end of the previous year[9]. - The total customer loans and advances amounted to RMB 1,304.59 billion, an increase of RMB 80.85 billion, or 6.61% year-on-year[128]. - The non-performing loan balance decreased to RMB 12.04 billion, down 1.82% from the previous year, with a non-performing loan ratio of 1.56%, a decrease of 0.11 percentage points[95]. - The company has improved its risk management measures, focusing on value customer management and asset structure adjustment to maintain stable asset quality in retail loans[96]. - The provision coverage ratio decreased by 9.52 percentage points to 291.61%[94]. Digital Transformation and Innovation - The bank is committed to digital transformation, aiming to improve operational efficiency and customer service through data-driven management[14]. - Financial technology personnel increased by 16.78% year-on-year, with total financial technology investment growing by 15.06%, accounting for an increase of 0.82 percentage points in operating revenue[10]. - The company launched the "Spark" innovation incubation platform, successfully transforming 16 innovative ideas into tangible results during the reporting period[179]. - The company enhanced its digital operation system, reaching over 90 million customer touchpoints with improved strategy response rates[180]. - The company launched innovative custody products, including mixed valuation funds and MSCI index funds, enhancing its service offerings in key sectors[160]. Support for Economic Development - The bank is committed to supporting key sectors of the national economy and adjusting its business structure to align with economic development strategies[8]. - The bank's strategy includes a focus on green finance and supporting national green industry development[10]. - The company has increased its support for inclusive finance, green finance, and technology innovation finance, optimizing its business structure in response to macroeconomic adjustments[199]. - The company plans to continue supporting national strategic planning and regional economic development, particularly in the Yangtze River Delta and Guangdong-Hong Kong-Macau regions[100]. Customer and Market Position - The company maintains a leading market share in deposits and loans in the Shanghai region, with a solid customer and branch foundation[26]. - The bank's inclusive finance business scale exceeded 100 billion yuan, with significant growth in housing mortgage loans, ranking first among Chinese banks in Shanghai[27]. - The retail customer base expanded to 20.64 million, a growth of 6.10% year-on-year, with total retail customer assets under management (AUM) increasing by 7.40% to CNY 968.14 billion[163]. - The company had a total of 273,200 customers, an increase of 15,100 customers or 5.83% from the previous year[135]. Awards and Recognition - The bank received a long-term issuer rating of "Baa2" and a stable outlook from Moody's Investors Service[28]. - The bank ranked 68th in the "2022 Global Bank 1000" list by The Banker magazine based on tier 1 capital[29]. - The bank was awarded multiple honors, including "Best Private Bank" in the city/rural commercial bank category by Asian Private Banker magazine[31].