2024-03-27 16:00Financial Performance - The net profit attributable to shareholders for 2023 was RMB 92,728 million, up by 0.68% from RMB 92,102 million in 2022[12]. - Total operating income for 2023 was RMB 257,595 million, reflecting a slight increase of 0.31% from RMB 256,796 million in 2022[12]. - The bank's net interest income for 2023 was RMB 164,123 million, a decrease of 3.39% compared to RMB 169,882 million in 2022[12]. - Non-interest income grew by 7.55% year-on-year, contributing to profit growth[30]. - The company reported a total profit of RMB 99.698 billion, a year-over-year increase of 1.61%[31]. - The profit before tax for 2023 was RMB 99,698 million, up from RMB 98,115 million in 2022, reflecting a growth of 1.81%[83]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 14,060,472 million, an increase of 8.23% from RMB 12,991,571 million in 2022[12]. - The bank's total liabilities were RMB 12,961,022 million, up by 8.39% from RMB 11,958,049 million in 2022[12]. - Customer loans amounted to RMB 7,957,085 million, representing a growth of 9.08% compared to RMB 7,294,965 million in 2022[12]. - Customer deposits increased to RMB 8,551,215 million, a rise of 7.58% from RMB 7,949,072 million in 2022[12]. - The bank's core tier 1 capital net amount was RMB 905,394 million, reflecting a growth of 7.76% from RMB 840,164 million in 2022[12]. Risk Management - The bank faces various risks including credit risk, market risk, operational risk, and compliance risk, and has implemented measures to manage these risks effectively[3]. - The non-performing loan ratio decreased to 1.33%, down 0.02 percentage points from the previous year, while the provision coverage ratio increased to 195.21%, up 14.53 percentage points[20]. - The bank has strengthened risk identification and accelerated risk disposal, enhancing credit risk management in key areas[143]. - The bank's asset quality is steadily improving, with a focus on prudent classification standards for overdue loans[143]. Governance and Compliance - The financial statements have been audited by KPMG Huazhen and KPMG, both issuing standard unqualified audit reports[3]. - The bank's governance structure includes a board of directors and a supervisory board, ensuring compliance with regulatory requirements[3]. - The bank's management emphasizes the importance of maintaining accurate and complete financial reporting, ensuring accountability among board members and executives[3]. - The group is enhancing its compliance management system to ensure legal and regulatory adherence while improving anti-money laundering capabilities[163]. Strategic Initiatives - The bank's future plans and strategic developments are subject to market risks and should be approached with caution by investors[3]. - The bank plans to distribute a cash dividend of RMB 0.375 per share, totaling RMB 27.849 billion, which accounts for 32.67% of net profit[20]. - The group aims to enhance its strategic focus on inclusive finance, trade finance, technology finance, wealth management, and green finance to meet diverse financial needs and support national strategies[168]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[33]. Digital Transformation - The bank's digital service brand, "Yunshang Jiaohang," aims to meet customer needs through online services and remote video support[4]. - The bank's digital transformation efforts included the launch of new mobile banking services, enhancing online and intelligent service capabilities[20]. - The number of active users of the personal mobile banking app reached 49.1048 million, an increase of 7.96% compared to the previous year[129]. - The "Buy Now, Pay Later" app had a total of 77.4025 million registered users, with monthly active users reaching 25.7074 million[130]. Shareholder Information - The total cash dividend distribution for the year is RMB 27.849 billion, with a per-share cash dividend of RMB 0.375 (including tax) based on 74.263 billion shares outstanding[3]. - The total number of ordinary shareholders at the end of the reporting period was 308,784, with A shares accounting for 278,402 and H shares for 30,382[176]. - The top three shareholders of the company are the Ministry of Finance, HSBC, and the Social Security Fund[200]. - Shareholders have equal rights to information, participation, and voting on significant matters of the company[200].