2024-03-21 16:00Financial Performance - In 2023, the net profit attributable to shareholders reached CNY 67.016 billion, maintaining a high growth rate[22]. - The net profit for the banking sector in 2023 was 2.4 trillion RMB, showing a year-over-year growth of 3.2%[54]. - The bank's net profit for the year 2023 is projected to grow by 10% year-on-year, reflecting strong operational performance[36]. - The net profit attributable to shareholders was RMB 67.02 billion, an increase of 7.91% year-on-year[62]. - The bank's cash flow from operating activities showed a significant decline, with a net cash flow of (CNY 918 million) compared to CNY 195,066 million in 2022, marking a decrease of 100.47%[39]. - The total operating income for the corporate banking segment was RMB 91,552 million, accounting for 44.5% of total revenue, while the retail banking segment generated RMB 86,424 million, representing 42.0%[160]. - The total operating income for the year 2023 was CNY 205,896 million, a decrease of 2.60% compared to CNY 211,392 million in 2022[39]. Asset and Liability Management - As of December 31, 2023, the total assets of CITIC Bank reached RMB 9,052.48 billion, an increase of 5.91% compared to the previous year[94]. - The total liabilities of the group reached RMB 8,317,809 million, marking a 5.80% increase compared to the previous year[112]. - Customer deposits totaled RMB 5,467,657 million, an increase of RMB 2,988.35 million or 5.86% from the previous year[114]. - The total amount of cash and deposits at the central bank was RMB 416.44 billion, down from RMB 477.38 billion in the previous year[96]. - The total amount of financial investments accounted for 28.6% of total assets, a slight decrease from 29.3% in the previous year[96]. Risk Management - The bank has implemented a comprehensive risk management system, focusing on areas such as real estate and large risk clients to reduce risk costs[26]. - The bank is committed to risk control, ensuring compliance and preventing systemic risks[20]. - The bank's risk management system has been restructured to enhance professional, intelligent, and refined risk management capabilities[16]. - The bank's non-performing loan ratio improved to 1.18% in 2023, down from 1.27% in 2022[45]. - The bank's provision coverage ratio improved to 207.59%, up by 6.40 percentage points from the previous year[60]. Strategic Focus and Development - The bank's strategy focuses on becoming a leading wealth management bank, comprehensive financing bank, and digital bank[2]. - The bank aims to continue supporting the real economy and align with national strategies to achieve the goal of becoming a "financial power"[17]. - The company aims to build a leading wealth management bank, focusing on asset management, private banking, and consumer finance[19]. - The bank's strategic focus is on innovation and service enhancement to adapt to the changing competitive landscape[27]. - The bank is enhancing its digital capabilities to provide more precise customer insights and smarter product matching[19]. Technology and Innovation - Total technology investment over the past three years reached nearly 28 billion yuan, with a compound annual growth rate of 17%[15]. - The bank's financial technology development has been recognized with two awards from the People's Bank of China in three years, highlighting its innovation in digitalization[15]. - The bank's digital financial innovation ecosystem won the People's Bank of China Gold Award, marking the second time in three years it has received this award, highlighting its leadership in digital finance[198]. - The bank's AI platform, "CITIC Brain," has an average daily call volume exceeding 14 million, representing a 30% increase since the beginning of the year, providing comprehensive intelligent solutions[199]. - The bank's core business systems have achieved full autonomy and control, recognized as one of the top ten events in financial information technology for 2023[198]. Customer and Market Engagement - The total number of wealth management clients reached 14.06 million, an increase of 4.78 million or 51.55% year-over-year[188]. - Customer base increased by over 30%, with over 1,200 clients using the newly launched treasury management system "Tian Yuan Treasury"[25]. - The overseas financial service sector has served over 10 million families, establishing a benchmark in the market for overseas financial services[25]. - The bank's brand image and financial institution ratings have steadily improved, with market capitalization growth outpacing the broader market[22]. Awards and Recognition - CITIC Bank was ranked 20th in the "Top 500 Global Banking Brands" by The Banker magazine in 2023[4]. - The bank received multiple awards in 2023, including "Best RMB Foreign Exchange Spot Market Maker" and "Best Technical Service Support Institution" from the China Foreign Exchange Trading Center[35]. - The bank was awarded "Outstanding Financial Bond Issuer" by the Central Government Bond Registration and Settlement Co., Ltd. in 2023[34]. - The bank was rated "Excellent" in the rural revitalization assessment by the People's Bank of China and the Financial Regulatory Administration in August 2023[36]. Financial Ratios and Metrics - The bank's return on assets (ROA) and return on equity (ROE) have steadily improved, while non-performing loan ratio continues to decline[11]. - The liquidity coverage ratio stood at 167.48% in 2023, slightly down from 168.03% in 2022, indicating a decrease of 0.55 percentage points[48]. - The total capital adequacy ratio was 12.93% in 2023, down from 13.18% in 2022, a decrease of 0.25 percentage points[48]. - The leverage ratio was reported at 6.66% in 2023, a slight increase from 6.59% in 2022, reflecting a 0.07 percentage point rise[48]. Loan and Credit Management - The total loan amount of the group was RMB 5,498.344 billion, an increase of RMB 345.572 billion, representing a growth of 6.71%[124]. - The non-performing loan (NPL) balance decreased to RMB 648.00 billion, down RMB 4.13 billion, with an NPL ratio of 1.18%, a decrease of 0.09 percentage points[119]. - The corporate loan balance (excluding bill discounting) was RMB 2,697.150 billion, an increase of RMB 173.134 billion, or 6.86%[120]. - The personal loan balance reached RMB 2,283.846 billion, increasing by RMB 166.936 billion, or 7.89%[120]. - The overdue loans (1-90 days) amounted to RMB 40.76 billion, with an overdue rate of 0.74%, up from 0.66% in the previous year[140].