Financial Reporting and Compliance - The audited annual financial report for the year ending December 31, 2022, has been prepared in accordance with Chinese accounting standards and has received a standard unqualified audit opinion from the auditing firm [4]. - The board of directors confirmed that the financial data presented in the report is true, accurate, and complete, with no false statements or significant omissions [4]. - The report indicates that there are no major risks that could adversely affect the company's future development strategy and operational goals [4]. - The financial data and indicators are presented in Renminbi, with adjustments made for rounding, which may cause discrepancies in totals [4]. - The company has not disclosed specific performance metrics or user data in the provided content, focusing instead on governance and compliance aspects [4]. - The report will be made available to shareholders and published on the Hong Kong Stock Exchange and the company's website [1]. - The board meeting that approved the annual report had full attendance from the 15 directors [4]. - The company emphasizes the importance of understanding the difference between plans, forecasts, and commitments in its forward-looking statements [4]. Risk Management - The report includes a section on risk management and future outlook, detailing the main risks faced by the company and the measures taken to address them [4]. - The company has established a comprehensive credit risk management policy system, including credit approval, limit management, and post-loan management, to ensure compliance with regulatory and internal management requirements [149]. - The company has implemented a differentiated authorization and professional approval mechanism to strengthen risk control and ensure a balanced risk-reward relationship [149]. - The market risk management system includes risk identification, measurement, monitoring, control, and reporting, ensuring safe and stable operations within acceptable market risk levels [150]. - The company has focused on enhancing environmental and social risk management, particularly in green finance, by implementing a "one-vote veto" system for environmental compliance [149]. - The company has adopted a digital transformation strategy to improve credit risk management processes and enhance the timeliness and effectiveness of credit management [149]. Financial Performance - Net interest income for 2022 was RMB 6,450.5 million, an increase of 6.66% compared to RMB 6,047.5 million in 2021 [12]. - Total operating income reached RMB 8,290.9 million, reflecting a growth of 12.38% from RMB 7,377.4 million in the previous year [12]. - The net profit attributable to shareholders was RMB 1,906.4 million, up 9.22% from RMB 1,745.4 million in 2021 [12]. - Total assets increased to RMB 343,703.0 million, representing a 12.87% rise from RMB 304,520.8 million at the end of 2021 [13]. - The total loan amount reached RMB 164,297.2 million, a growth of 14.66% compared to RMB 143,292.7 million in 2021 [13]. - The non-performing loan ratio stood at 1.46%, slightly improved from 1.47% in the previous year [14]. - The weighted average return on equity was 8.63%, an increase from 8.55% in 2021 [14]. - The cost-to-income ratio improved to 21.80%, down from 20.50% in the previous year [14]. - The core tier 1 capital adequacy ratio was 8.81%, a decrease from 9.35% in 2021 [14]. - The liquidity ratio improved significantly to 79.09%, up from 63.22% in the previous year [14]. Digital Transformation and Technology - The company is advancing its digital transformation strategy, engaging KPMG for the implementation of a digital transformation PMO project [18]. - The company aims to optimize its business structure by focusing on retail, inclusive finance, and specialty businesses [18]. - The company launched 41 digital transformation projects during the reporting period, including a unified portal and mobile office, significantly enhancing operational efficiency [130]. - The company introduced 37 technology professionals to strengthen its technology capabilities, supporting its digital transformation efforts [131]. - The total investment in information technology for the year 2022 was CNY 316.2721 million, accounting for 3.81% of operating income, with a year-on-year growth of 40.89% [129]. Shareholder Information - The total number of shares issued by the company is 5,980,058,344, including 4,971,197,344 domestic shares and 1,008,861,000 H shares [168]. - The top shareholder, Shandong Expressway Group Co., holds 2,126,237,528 shares, representing 35.56% of total shares [171]. - The company has not experienced any changes in its share capital during the reporting period [168]. - The company emphasizes a focus on three major transformations: digital model transformation, control model transformation, and business model transformation [167]. - The top ten domestic shareholders collectively hold a significant portion of the company's shares, with the top three shareholders alone accounting for over 62% [171]. Governance and Management - The board consists of 15 directors, including 5 executive directors, 5 non-executive directors, and 5 independent non-executive directors [181]. - The term for directors is three years, with the possibility of re-election; independent non-executive directors cannot serve more than six years cumulatively [181]. - The supervisory board consists of 9 members, including 3 employee supervisors, 3 shareholder supervisors, and 3 external supervisors [183]. - The company has maintained stability in its senior management, with no significant changes reported outside of those mentioned [188]. - The company has a structured governance framework with clear roles and responsibilities for its board and management team [190]. Future Outlook and Strategic Initiatives - The company anticipates a positive economic recovery in 2023, supported by enhanced financial policies and reforms, with a projected increase in the fiscal deficit ratio by 0.2 percentage points to 3% [164]. - The company aims to implement a digital-driven retail banking model, focusing on high-quality development and integrating regulatory requirements and reform initiatives [165]. - The company plans to actively seize policy and market opportunities to identify new growth points [167]. - A strategic acquisition is planned, which is projected to enhance the company's service offerings and increase customer base by 30% [196]. - The company is investing heavily in technology development, allocating 100 million for R&D in the upcoming year [197].
威海银行(09677) - 2022 - 年度业绩