2023-03-30 16:00Financial Performance - Net interest income for 2022 was RMB 169.937 billion, an increase of 5.10% from RMB 161.693 billion in 2021[13]. - Total operating income reached RMB 272.978 billion, reflecting a growth of 1.33% compared to RMB 269.390 billion in the previous year[13]. - Net profit attributable to shareholders was RMB 92.149 billion, up 5.22% from RMB 87.581 billion in 2021[13]. - Total assets at the end of 2022 amounted to RMB 12.992 trillion, representing an increase of 11.37% from RMB 11.666 trillion in 2021[13]. - Customer loans reached RMB 7.296 trillion, marking an 11.22% increase from RMB 6.560 trillion in 2021[13]. - Customer deposits grew by 12.92% to RMB 7.949 trillion, up from RMB 7.040 trillion in 2021[13]. - The non-performing loan ratio was 1.35%, a decrease of 0.13 percentage points from 1.48% in 2021[14]. - The capital adequacy ratio stood at 14.97%, down from 15.45% in the previous year[14]. - The group achieved a net profit of RMB 92.15 billion, representing a year-on-year growth of 5.22%[28]. - Total operating income reached RMB 272.98 billion, with a year-on-year increase of 1.33%[29]. - The group's total assets amounted to RMB 12.99 trillion, reflecting an 11.37% growth compared to the previous year[28]. Risk Management - The company faces various risks including credit risk, market risk, operational risk, and compliance risk, and has implemented measures to manage these risks effectively[4]. - The bank's operational risk management system has been enhanced to better align with the complexity and scale of its operations[163]. - The bank has strengthened its anti-money laundering systems and processes, improving customer identification and reporting of large and suspicious transactions[164]. - The bank has established a comprehensive cross-industry and cross-border risk management system to address uncertainties from the global pandemic and external changes[166]. - The bank conducted climate risk sensitivity stress tests on eight high-carbon industries, indicating manageable credit risk under stress scenarios[168]. Digital Transformation and Innovation - The company reported a significant focus on digital transformation and wealth management services, including the launch of new products like "Hui Min Loan" and "Xing Nong e-loan" aimed at consumer and agricultural financing[5]. - The company emphasizes its commitment to online and offline integrated services through its "Cloud Bank" initiative, enhancing customer service through digital channels[5]. - The bank's digital transformation plan includes a comprehensive financial technology development blueprint, with a focus on building a centralized, intelligent, and ecological customer service system[23]. - The company plans to enhance its digital transformation and innovation capabilities, with a nearly 30% annual increase in technology investment over the past three years[20]. - The company has integrated artificial intelligence technologies to improve risk management and operational efficiency, reducing the time for account verification from three months to one week[137]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 355,157, with 323,957 holding A shares and 31,200 holding H shares[181]. - The total number of ordinary shares is 74,262,726,645, with A shares accounting for 52.85% and H shares for 47.15%[179]. - The Ministry of Finance is the largest shareholder, holding a total of 17,732,424,445 shares, representing 23.88% of the total issued ordinary shares[185]. - HSBC holds 14,135,636,613 H shares, accounting for 19.03% of the total issued ordinary shares[190]. - The National Social Security Fund holds 12,155,283,900 shares (A and H combined), which is 16.37% of the total issued ordinary shares[3]. Regulatory Compliance - The financial statements have been audited by KPMG Huazhen and KPMG, both issuing standard unqualified audit reports[4]. - The company operates under the supervision of various regulatory bodies, including the People's Bank of China and the China Banking and Insurance Regulatory Commission[5]. - The company is committed to maintaining transparency and accuracy in its financial reporting, ensuring compliance with both Chinese and international accounting standards[4]. Market Presence and Growth - The company has a strong presence in both A-share and H-share markets, listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange respectively[8]. - The company plans to continue expanding its market presence and enhancing its product offerings in the coming years[4]. - The bank aims to enhance its capabilities in inclusive finance, trade finance, technology finance, and wealth finance during the "14th Five-Year Plan" period[12]. - The company reported a 33% increase in green loan balances and a 46% increase in the amount of green bonds underwritten compared to the previous year[19]. - The company has seen over 30% growth in micro and small enterprise loans, consumer loans, and loans to strategic emerging industries in 2022[19]. Financial Investments and Assets - The group's financial investment net amount reached RMB 3,955,207 million at the end of 2022, an increase of RMB 431,958 million, representing a growth of 12.26% compared to the previous year[64]. - The bond investment balance was RMB 3,416,632 million as of December 31, 2022, which is an increase of RMB 395,360 million, or 13.09%, from the previous year[65]. - The group's cash and cash equivalents balance at the end of the reporting period was CNY 248.803 billion, an increase of CNY 54.495 billion compared to the end of the previous year[75]. - The total profit for the group was CNY 98.215 billion, with a year-on-year increase in operating income to CNY 272.978 billion, up from CNY 269.390 billion[81]. Customer and Loan Information - Customer loan balance was RMB 7.30 trillion, an increase of RMB 735.8 billion, or 11.22% year-on-year[28]. - The balance of domestic RMB loans reached CNY 6,848.3 billion, an increase of CNY 786.7 billion, marking a growth rate of 12.98%, the highest in nearly a decade[22]. - The balance of loans for strategic emerging industries grew by 110% year-on-year, with the number of technology finance clients increasing by 49.55%[89]. - The number of retail clients reached 191 million, a year-on-year increase of 3.29%, with AUM growing by 8.57% to CNY 4,621.36 billion[102]. - The balance of personal housing loans was CNY 1,512.65 billion, increasing by 1.55%, while personal consumption loans surged by 58.38% to CNY 84.89 billion[106].