Bank Of Chongqing(SH:601963)2024-03-27 16:00Financial Performance - The audited net profit for 2023 is CNY 4.699 billion, with a proposed cash dividend of CNY 0.408 per share[6]. - The bank's net profit for 2023 reached RMB 5,228,955 thousand, representing a 2.20% increase compared to RMB 5,116,525 thousand in 2022[20]. - The bank's basic earnings per share for 2023 were RMB 1.36, up 3.82% from RMB 1.31 in 2022[20]. - The bank's total operating income for 2023 was RMB 13,211,473 thousand, a slight decline of 1.89% from RMB 13,465,405 thousand in 2022[20]. - The bank's investment income increased by 9.05% to RMB 2,010,579 thousand in 2023, compared to RMB 1,843,673 thousand in 2022[20]. - The bank's cash flow from operating activities for 2023 was RMB 4,449,352 thousand, down 16.23% from RMB 5,311,657 thousand in 2022[20]. - The bank's total assets reached RMB 759.88 billion, an increase of 10.98% compared to RMB 684.71 billion in 2022[21]. - The bank's total customer loans and advances amounted to RMB 392.93 billion, reflecting an 11.45% growth from RMB 352.57 billion in the previous year[21]. - The bank's total customer deposits totaled RMB 414.81 billion, an increase of 8.42% from RMB 382.59 billion in 2022[21]. Risk Management - The non-performing loan ratio stood at 1.34%, with a provision coverage ratio of 234.18%[8]. - The company has strengthened its credit risk management and asset quality, with a focus on key industries such as new energy vehicles and green development[88]. - The company has implemented dynamic adjustments to its credit strategy based on national macro policies and market changes, enhancing risk prevention measures[88]. - The total loan loss provisions increased to RMB 12.139 billion, up RMB 2.012 billion from the previous year, with a non-performing loan coverage ratio of 234.18%, an increase of 22.99 percentage points[102]. - The overdue loans aged within 90 days were RMB 3.243 billion, representing 0.83% of the total loans, while overdue loans aged over 90 days accounted for RMB 4.380 billion, with a total overdue loan ratio of 1.95%[97]. Governance and Compliance - The board meeting confirmed that all financial reports are accurate and complete, with no material omissions[6]. - The bank's governance structure and compliance with regulations were confirmed during the board meeting[6]. - The board consists of 14 directors, including 2 women and 7 with extensive banking experience, reflecting a diverse composition[175]. - The board has established a communication and reporting mechanism with senior management, ensuring regular updates from the president[177]. - The company emphasizes the importance of governance and compliance with corporate governance codes during the reporting period[176]. Strategic Development - The company aims to become a leading listed commercial bank with a focus on serving the real economy, small and micro enterprises, and urban and rural residents[15]. - The company is implementing a "1-3-3" strategic development framework to enhance service, digital transformation, and distinctive development[15]. - The company plans to expand its product matrix to meet the needs of the "One City, Three Provinces" market, focusing on small and micro loans[17]. - The company is enhancing its personal loan offerings, including mortgage loans and consumer loans, to stabilize its market position[17]. - The company aims to strengthen its risk management and enhance its overall value through a focus on technology, talent, and management empowerment[16]. Digital Transformation - The company’s digital transformation and technology-driven initiatives have led to significant advancements in its product offerings and service capabilities[8]. - The company achieved the "External Data Management Capability Maturity Level (Level 3)" certification from the China Academy of Information and Communications Technology in August 2023[14]. - The bank is committed to digital transformation in personal banking, enhancing customer engagement through various marketing activities and payment ecosystems[114]. - The bank has established a digital certificate platform and applied OCR+RPA technology to automate and streamline business processes, significantly enhancing service capabilities and operational efficiency[127]. - The bank's mobile banking personal customers reached 2.1744 million, an increase of 399,700 from the end of the previous year; total transactions amounted to 9.9783 million, up by 2.3049 million year-on-year[125]. Community and Environmental Responsibility - The report outlines the bank's commitment to environmental and social responsibilities[6]. - The company was awarded the "Advanced Unit" in the evaluation of financial services for rural revitalization by the Chongqing Banking and Insurance Regulatory Bureau[13]. - The company provided credit support exceeding CNY 130 billion to key strategic areas and important industries during the reporting period[8]. - The company launched new financial products such as "流水贷" and "渝贸贷" to enhance accessibility and coverage of inclusive finance[112]. - The company donated 1.5 million yuan to both Southwest University and Chongqing University[180].