2024-03-27 16:00Financial Performance - Operating revenue for 2023 was RMB 145,685 million, a decrease of 3.92% compared to RMB 151,632 million in 2022[25]. - Net profit attributable to shareholders was RMB 41,076 million, down 8.80% from RMB 45,040 million in the previous year[25]. - The total assets increased by 7.50% to RMB 6,772,796 million from RMB 6,300,510 million in 2022[25]. - Basic earnings per share decreased by 16.22% to RMB 0.62 from RMB 0.74 in 2022[25]. - The weighted average return on equity was 8.38%, down from 10.27% in the previous year, a decrease of 1.89 percentage points[25]. - The total liabilities increased by 7.38% to RMB 6,218,011 million from RMB 5,790,497 million in 2022[25]. - The provision coverage ratio decreased by 6.66 percentage points to 181.27% from 187.93% in 2022[27]. - The company reported a net profit of 41.08 billion RMB, a year-on-year decrease of 8.80%[52]. - The company’s total revenue was 145.69 billion RMB, a decline of 3.92% year-on-year[55]. - The company’s asset impairment losses increased by 2.96% year-on-year, reflecting enhanced asset quality control measures[52]. Assets and Liabilities - In 2023, the total assets of China Everbright Bank reached CNY 6.77 trillion, an increase of 7.50% compared to the previous year[21]. - The total liabilities amounted to CNY 6.22 trillion, reflecting a growth of 7.38% year-over-year, with deposits surpassing CNY 4 trillion[21]. - The bank's total public loans (excluding discounts) increased by 12.14% year-on-year, with manufacturing loans, strategic emerging industry loans, technology enterprise loans, and green loans growing by 24.74%, 46.71%, 50.64%, and 57.44% respectively[45]. - The total principal of loans and advances amounted to RMB 3,786.95 billion, up RMB 214.68 billion, or 6.01%, year-on-year, accounting for 55.91% of total assets[72]. - The total liabilities of the group reached RMB 6,218.01 billion, an increase of RMB 427.51 billion, or 7.38%, primarily due to an increase in bonds payable and customer deposits[81]. Capital Adequacy and Risk Management - The capital adequacy ratio stood at 13.50%, with the Tier 1 capital ratio at 11.36% and the core Tier 1 capital ratio at 9.18%, all showing improvement from the previous year[21]. - The bank's capital adequacy ratios meet the regulatory requirements for systemically important banks, ensuring compliance and stability[34]. - The bank is committed to risk management, establishing a "1+4" credit and investment policy system to enhance risk response capabilities[46]. - The bank emphasized the importance of credit risk management, enhancing asset quality monitoring and improving risk management capabilities[156]. - The bank maintained a stable liquidity level and conducted regular stress tests to manage liquidity risks effectively[158]. Dividend and Shareholder Returns - The board of China Everbright Bank proposed a dividend of RMB 1.73 per 10 shares for the fiscal year 2023[2]. - The total cash dividend amounts to RMB 10.222 billion, accounting for 25.06% of the net profit attributable to shareholders in the consolidated financial statements[189]. - The cash dividend represents 28.41% of the net profit attributable to ordinary shareholders in the consolidated financial statements[191]. - The company plans to distribute at least 20% of its distributable profits as cash dividends annually, as per its shareholder return plan[187]. Business Operations and Strategy - The bank has established 1,312 branches in China, achieving full coverage of provincial administrative regions and serving 150 major economic cities[10]. - The bank has focused on international expansion, with branches and operations established in Hong Kong, Seoul, Luxembourg, Sydney, and Tokyo[10]. - The bank's wealth management features have become increasingly prominent, with a focus on enhancing customer service and financial product innovation[16]. - The bank launched innovative products such as "Specialized and Innovative Giant Loans" to enhance financial services for key sectors[20]. - The bank is enhancing its digital transformation by implementing key projects for business, data, and technology platforms, achieving significant progress in automation and intelligent approval for SME financing products[47]. Environmental, Social, and Governance (ESG) Initiatives - The bank's ESG rating has improved, receiving an A grade from MSCI in 2023[13]. - The bank has actively supported social responsibility initiatives, including the "Mother Water Cellar" public welfare project, enhancing its brand image and market value[10]. - The bank achieved an ESG rating of "A" for the first time in 2023, reflecting improved market evaluation of its ESG efforts[171]. - The bank's environmental risk management policies include strict controls on high-emission industries and a comprehensive ESG risk management framework[175]. - The bank's commitment to green travel encourages employees to use low-carbon transportation methods, contributing to a reduction in carbon emissions[175]. Customer and Market Engagement - The bank's online payment service, Guangda Cloud Payment, was awarded as one of the "Top Ten Excellent Projects" at the Global Fintech Conference in 2023[13]. - The number of retail customers reached 152.2373 million, with high-end customers (monthly assets over 500,000 CNY) increasing by 8.86% year-on-year[122]. - The bank's digital payment platform, "Cloud Payment," integrated 16,240 payment projects, with a total payment amount of 832.14 billion yuan, reflecting a year-on-year growth of 23.05%[129]. - The bank's mobile banking registered users reached 61.92 million, with monthly active users at 27.13 million, a growth of 17.81% year-on-year[129]. - The bank's corporate loan balance (excluding discounts) was CNY 2.166 trillion, an increase of CNY 234.4 billion or 12.14% year-on-year[114].