2024-03-28 16:00Financial Performance - In 2023, the bank achieved a net profit attributable to shareholders of RMB 35.823 billion, an increase of 1.57%[11] - Operating income for 2023 was RMB 140,817 million, a decrease of 1.16% compared to RMB 142,476 million in 2022[40] - Net interest income decreased by 4.68% to RMB 102,431 million from RMB 107,463 million in the previous year[40] - Non-interest income increased by 9.63% to RMB 38,386 million, up from RMB 35,013 million in 2022[40] - The bank's basic earnings per share rose to RMB 0.72, a 1.41% increase from RMB 0.71 in 2022[40] - The group reported a net inflow of RMB 1,021,482 million from bond issuance in 2023, an increase of RMB 184,510 million from RMB 836,972 million in 2022[127] Asset and Liability Management - Total assets amounted to RMB 7.67 trillion, reflecting a growth of 5.78%[11] - The total liabilities were CNY 70,371.64 billion, up by CNY 3,943.05 billion or 5.94% from the previous year[49] - The total equity attributable to shareholders reached RMB 637.80 billion, up RMB 24.99 billion, or 4.08% year-on-year[86] - The liquidity coverage ratio stood at 146.06%, indicating strong liquidity management[45] - The total amount of loans and advances was CNY 4,384.877 billion, an increase of CNY 243.733 billion, representing a growth of 5.89% year-on-year[73] Risk Management - The bank emphasizes a prudent and compliant operational philosophy, enhancing its risk governance framework and management capabilities[12] - The non-performing loan (NPL) generation rate was 1.58%, a year-on-year decrease of 0.43 percentage points, marking three consecutive years of decline[13] - The non-performing loan ratio was 1.48%, down 0.20 percentage points from the end of the previous year[16] - The provision coverage ratio increased to 149.69%, up 7.20 percentage points from the previous year[16] - The bank is committed to risk management and has implemented a comprehensive risk control system to maintain asset quality and support business growth[18] Digital Transformation and Innovation - The bank aims to enhance its digital transformation and build a "smart bank" to improve customer experience and operational efficiency[16] - The bank's digital marketing capabilities were enhanced through the launch of a corporate WeChat service, facilitating precise marketing efforts[141] - The bank's digital transformation included the launch of the Minsheng Micro App 3.0, which added features like tax payment and cross-border remittance, reaching over 1.68 million users[164] - The bank's smart risk control system has been enhanced, improving risk identification, assessment, and management capabilities[182] - The bank launched the "Easy Innovation E-loan" product, which has been well-received in the market, serving over 18,000 specialized and innovative enterprises[11] Social Responsibility and Sustainability - The bank has donated over CNY 200 million to support poverty alleviation in Henan Province over 22 years[13] - The bank's ESG rating was upgraded from BBB to AA by MSCI, becoming the first domestic bank to achieve a two-level upgrade within a year[16] - The bank plans to increase green credit investments and innovate green financial service models as part of its commitment to sustainable development[16] - The bank's green credit balance grew at a rate of 47%[11] - The bank has actively participated in carbon finance innovation, providing CNY 1 billion in carbon emission rights pledge loans to a central enterprise subsidiary[145] Customer and Market Development - The number of small and micro loans increased by 15.8%, while the number of inclusive small micro loans rose by 27.4% compared to the previous year[11] - The bank's small and micro loan ratio is the highest among joint-stock banks, reflecting its commitment to supporting small businesses[23] - The bank aims to enhance financial inclusivity and optimize product services for various customer segments, including small and micro enterprises, while ensuring compliance with regulatory requirements[17] - The bank's retail banking profit totaled CNY 24.668 billion, a year-on-year increase of 7.11%[157] - The number of retail customers reached 128.7194 million, a year-on-year growth of 5.65%[158] Awards and Recognition - The bank has been recognized with multiple awards, including the "Best Small and Micro Financial Service Bank" and "Best Comprehensive Strength in Digital Finance" in 2023[27] - The bank's private banking centers received recognition, with 7 centers selected as "Top 100 Private Banking Centers" by a retail banking magazine[162]