Financial Reporting and Audit - The annual financial report for the year ending December 31, 2023, has been audited and confirmed by the board and the audit committee[1]. - The report includes a standard unqualified audit opinion from Lixin CPA and Hong Kong Lixin Dehao CPA for the financial statements prepared under Chinese and international accounting standards, respectively[4]. - The board of directors guarantees the authenticity, accuracy, and completeness of the financial report[4]. - The report will be published on the Hong Kong Stock Exchange and the bank's official website[1]. - The board meeting that approved the annual report had full attendance from all 15 directors[4]. Financial Performance - The earnings per share attributable to shareholders increased to RMB 0.29, up from RMB 0.28, representing a growth of 3.57%[12]. - The net asset value per share attributable to shareholders rose to RMB 3.70, a 10.45% increase from RMB 3.35[12]. - Net interest income for 2023 was RMB 6,623.5 million, an increase of 2.68% compared to RMB 6,450.5 million in 2022[13]. - Total operating income reached RMB 8,735.4 million, reflecting a growth of 5.36% from RMB 8,290.9 million in the previous year[13]. - The net profit attributable to shareholders was RMB 1,933.8 million, up 1.44% from RMB 1,906.4 million in 2022[13]. - Total assets increased to RMB 391,876.8 million, representing a 14.02% rise from RMB 343,703.0 million at the end of 2022[14]. - Total deposits increased by RMB 37.103 billion, growing 16.17% year-over-year[19]. - Total loans increased by RMB 25.668 billion, reflecting a growth of 15.62% compared to the previous year[19]. - The non-performing loan ratio stood at 1.45%, showing stability compared to 1.46% in the previous year[15]. Risk Management - The bank has not identified any significant risks that could adversely affect its future development strategy and operational goals during the reporting period[4]. - The report outlines the main risks faced by the bank in its operational management and the measures taken to address these risks[4]. - The bank is committed to strengthening risk management by applying advanced technology and building a precise risk warning system[11]. - The bank's liquidity ratio improved to 86.52%, indicating a strong liquidity position[15]. - The bank's risk management system includes a comprehensive structure with specialized committees under the board of directors, including the Risk Management Committee and the Audit Committee[138]. - The bank aims to ensure stable development of credit business and asset quality while balancing risk and return through a well-defined credit risk management policy[142]. Strategic Direction and Future Plans - The strategic direction focuses on digitalization, emphasizing differentiated, retail, refined, integrated, capitalized, branded, and group-oriented development[9]. - The bank aims to enhance customer experience through a three-step strategy of online transformation, enriching online services, and strategic digital banking[11]. - The bank plans to continue expanding its market presence and enhancing its product offerings in response to economic conditions[17]. - The bank aims to enhance its core competitiveness through a strategy focused on quality service and compliance, while promoting digital transformation[161]. - Key initiatives for 2024 include strengthening party leadership, improving strategic planning, and enhancing operational efficiency[162]. Shareholder and Governance Structure - The total number of shares issued by the company as of December 31, 2023, is 5,980,058,344, including 4,971,197,344 domestic shares and 1,008,861,000 H shares[164]. - The top ten domestic shareholders hold a total of 3,993,000,000 shares, representing approximately 66.78% of the total shares[166]. - The bank's board consists of 15 directors, including 5 executive directors, 5 non-executive directors, and 5 independent non-executive directors, with a term of three years[177]. - The bank's governance structure includes a mix of executive, non-executive, and independent directors to ensure diverse oversight[177]. - The company continues to focus on enhancing its governance structure through the appointment of qualified individuals to key positions[183]. Digital Transformation and Technology - The bank's digital transformation projects are nearing completion, aimed at enhancing business growth through standardized and intelligent online services[19]. - The bank has initiated 25 IT projects, successfully completing 24 projects including a new generation credit middle platform and public risk control foundation[124]. - The bank's total investment in information technology for 2023 amounts to CNY 274.9203 million, accounting for 3.15% of operating income[124]. - The bank has established a digital banking strategy focusing on data standardization and online intelligence, aiming to improve operational efficiency and service capabilities[124]. Compliance and Regulatory Framework - The bank has set 2023 as the "Year of Compliance Struggle," implementing a "zero tolerance" compliance risk preference and enhancing compliance management capabilities[156]. - The bank has developed a comprehensive anti-money laundering internal control system, integrating anti-money laundering regulations into operational processes[157]. - The bank has implemented anti-money laundering policies and improved monitoring systems, with no incidents of money laundering or terrorist financing reported during the period[158]. - Legal risk management framework has been enhanced, focusing on compliance and integration with overall risk management activities[159].
威海银行(09677) - 2023 - 年度业绩