Bank Overview - The registered capital of Huishang Bank Corporation Limited as of the end of 2022 was RMB 13,889,801,211[36]. - Huishang Bank was established on April 4, 1997, and officially commenced operations on January 1, 2006, after merging several regional banks and credit cooperatives[36]. - The bank's H shares were listed on the Hong Kong Stock Exchange on November 12, 2013, under stock code 3698[36]. - The bank's headquarters is located in Hefei, Anhui Province, China[36]. - The bank is a regional joint-stock commercial bank formed by the merger of urban commercial banks and credit cooperatives[36]. - The bank's financial license is approved by the Anhui Banking and Insurance Regulatory Bureau[36]. - The bank's business address is at Huijin Building, 1699 Yungu Road, Hefei, Anhui Province, China[36]. - The bank's major operating location in Hong Kong is at 40th Floor, Daxin Financial Center, 248 Queen's Road East, Wanchai[36]. Financial Performance - Operating income for 2022 reached RMB 36,230 million, a 2.02% increase from RMB 35,514 million in 2021[45]. - Pre-tax profit increased by 27.91% to RMB 17,315 million from RMB 13,537 million in the previous year[45]. - Net profit rose by 16.11% to RMB 13,683 million compared to RMB 11,785 million in 2021[45]. - Total assets as of December 31, 2022, amounted to RMB 1,580,236 million, reflecting a 14.21% growth from RMB 1,383,662 million in 2021[46]. - Customer loans and advances totaled RMB 764,309 million, marking a 16.72% increase from RMB 654,795 million in the previous year[46]. - Total liabilities reached RMB 1,457,414 million, up 14.56% from RMB 1,272,146 million in 2021[46]. - Customer deposits amounted to RMB 894,156 million, a 16.33% increase from RMB 768,668 million in 2021[46]. - Basic earnings per share attributable to shareholders increased by 22.37% to RMB 0.93 from RMB 0.76 in 2021[46]. - Return on average total assets (ROA) improved to 0.92% from 0.89% in the previous year[47]. - Return on average equity (ROE) increased to 12.77% compared to 12.33% in 2021[47]. Income Composition - Net interest income accounted for 79.23% of total operating income in 2022, up from 75.62% in the previous year[48]. - Non-interest income decreased to 20.77% of total operating income, down from 24.38% in 2021, reflecting a decline of 3.61%[48]. - Interest income from customer loans and advances was RMB 35.224 billion, up RMB 2.580 billion or 7.90% year-on-year, driven by a scale increase of RMB 4.914 billion[74]. - Interest income from securities investments reached RMB 19.336 billion, an increase of RMB 0.673 billion or 3.61% year-on-year, with scale growth contributing RMB 2.087 billion[76]. - Total interest expenses amounted to RMB 32.258 billion, an increase of RMB 2.001 billion or 6.61% year-on-year[78]. Asset Quality - The non-performing loan ratio improved to 1.49% by the end of 2022, down from 1.78% at the end of 2021, a decrease of 0.29%[49]. - The provision coverage ratio for non-performing loans was 276.57%, an increase of 36.83 percentage points year-on-year[64]. - The total amount of non-performing loans was RMB 113.61 million in 2022, slightly down from RMB 116.60 million in 2021[114]. - Normal loans accounted for 97.15% of total loans in 2022, compared to 96.14% in 2021, indicating a stable loan quality[114]. - The company strengthened credit risk management, leading to a significant reduction in asset impairment losses compared to the previous year[89]. Customer and Market Position - The bank's market share for personal deposits in the province reached 9.32%, marking a historical high[61]. - The cumulative balance of newly launched financial products exceeded RMB 35 billion, including "per mu project loan" and "urban renewal loan"[61]. - The bank's asset management volume reached RMB 928.82 billion, providing strong support for stable development[61]. - The company maintained its leading position in corporate loans and deposits among commercial banks in Anhui Province[144]. - The company’s market share for personal deposits increased by 1.32 percentage points to 9.32%, marking the highest growth in history[196]. Digital Transformation and Innovation - The digital transformation initiatives included the development of a personal customer management platform and the establishment of a data middle platform[61]. - The company is advancing its digital transformation by enhancing data governance and developing various data application models, including online anti-fraud and anti-money laundering prediction models[185]. - The company is collaborating with the Antelope Industrial Internet platform to innovate in industrial interconnectivity[196]. Green Finance and Sustainability - The bank is actively promoting green finance and sustainable development, aligning with national policies on carbon neutrality[198]. - The bank's green credit balance totaled RMB 54.576 billion, an increase of RMB 22.396 billion, representing a growth of 69.59% compared to the end of 2021[165]. - The bank has established a comprehensive green financial product system, including green credit, green bonds, and green investments, to support the green and low-carbon economy[164]. Risk Management - The bank's risk management framework focuses on maintaining asset quality and enhancing risk management capabilities amid challenging external conditions[172]. - The bank has implemented measures to improve market risk management, including value assessment, sensitivity analysis, and stress testing[174]. - The company has established a comprehensive compliance risk management system, implementing a three-line defense mechanism and a dual reporting system to effectively control compliance risks[181]. Corporate Social Responsibility - The company actively fulfills its corporate social responsibility, supporting small and micro enterprises and promoting green credit initiatives to stabilize the economy[186]. - The company is committed to enhancing employee well-being and fostering a positive corporate culture to support overall development[186]. Future Outlook - The bank aims to accelerate digital transformation and enhance risk management capabilities by integrating technology with business operations[191]. - The bank plans to focus on five key service areas to support the economic and social development of Anhui province, including innovation, urban quality, green finance, open economy, and wealth management[191]. - The company is advancing its strategic transformation with a focus on integrating online and offline services for SMEs and enhancing branch capabilities[196].
徽商银行(03698) - 2022 - 年度业绩