2023-03-30 16:00Financial Performance - The company achieved a net profit of RMB 2,586.88 billion for the year 2022, reflecting its strong financial performance[26]. - Net profit for the year was RMB 258.7 billion, reflecting a year-over-year growth of 6.9%[64]. - The net profit for 2022 was CNY 258.688 billion, an increase of CNY 16.752 billion or 6.9% compared to the previous year[122]. - The bank's total operating income for 2022 was RMB 724,868 million, a slight increase from RMB 719,915 million in 2021[186]. Assets and Liabilities - As of December 31, 2022, the total assets of the company reached RMB 339,275.33 billion, with total loans and advances amounting to RMB 197,657.45 billion and total deposits of RMB 251,210.40 billion[26]. - The company's total liabilities amounted to RMB 312,530.82 billion, an increase of RMB 46,052.86 billion or 17.3% compared to the previous year[3]. - The company's equity totaled RMB 26,744.51 billion, up by RMB 2,530.92 billion or 10.5% from the previous year, with a net asset value per share of RMB 6.37[8]. - Total assets reached RMB 33.9 trillion, an increase of 16.7% year-over-year[64]. - The company's total assets as of December 31, 2022, were CNY 33,927.533 billion, an increase of CNY 4,858.378 billion or 16.7% year-over-year[164]. Loans and Advances - The total amount of loans and advances issued reached RMB 19,765,745 million in 2022, an increase from RMB 17,175,073 million in 2021[42]. - The total amount of loans and advances issued reached RMB 19,765.75 billion, an increase of RMB 2,590.67 billion, or 15.1% compared to the previous year[190]. - The number of micro and small enterprise loan clients reached 2.53 million, an increase of 610,000 from the previous year, with a growth rate of over 30% for four consecutive years[72]. - Loans in high-tech manufacturing and green development sectors increased by 47.7% and 36.4% respectively[72]. Deposits - Customer deposits increased by RMB 32,139.13 billion, representing a growth of 14.7% year-on-year[3]. - Customer deposit balance reached RMB 28.2 trillion, with an increase of RMB 4.2 trillion, representing a growth rate of 17.7%[64]. - Total deposits absorbed amounted to RMB 25,121,040 million in 2022, compared to RMB 21,907,127 million in 2021[55]. Risk Management - The non-performing loan ratio improved to 1.37% in 2022, down from 1.43% in 2021[41]. - The provision coverage ratio was maintained at a strong level, ensuring adequate risk management[58]. - The bank's non-performing loan ratio has decreased year-on-year, indicating improved asset quality and effective risk management[108]. - The bank's comprehensive risk management has been enhanced, with a focus on digital risk control systems and improved monitoring accuracy[108]. Capital Adequacy - The capital adequacy ratio stood at 17.20%, indicating a strong capital position[26]. - Capital adequacy ratio stood at 17.20%, up by 7 basis points compared to the end of the previous year[71]. - The company maintained a capital adequacy ratio of 17.20%, reflecting a stable financial position[84]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 777.66 billion to ordinary shareholders for the year 2022[21]. - The bank plans to distribute a dividend of RMB 2.222 per share, subject to shareholder approval[69]. Digital Transformation and Innovation - The bank's digital transformation has progressed significantly, with monthly active users of personal mobile banking reaching 172 million, maintaining the industry's highest growth[107]. - The company launched innovative financial products such as "Smart Agriculture Loan" and "E-Agriculture Loan," with the latter reaching a balance of CNY 747.7 billion, growing by 37.3%[88]. - The digital transformation led to an increase in online loan balances by CNY 905.4 billion, with a conversion rate of over 30% for identified potential micro-enterprise clients[74]. Green Finance Initiatives - The company is focusing on green finance initiatives to support environmental sustainability and resource efficiency[32]. - As of the end of 2022, the balance of green loans reached CNY 2,697.5 billion, with a growth rate of 36.4%, exceeding the bank's overall growth rate by 21.3 percentage points[113]. - The bank has signed cooperation agreements with the Ministry of Ecology and Environment and the National Energy Administration to enhance green finance initiatives[113]. Future Outlook - Future outlook indicates a commitment to improving operational efficiency and adapting to regulatory changes in the financial sector[44]. - The bank will continue to implement policies to support rural revitalization and the real economy, aiming for high-quality development in 2023[98]. - The company aims to enhance its market presence through strategic expansions and new product developments in the upcoming fiscal year[44].