Dividend and Meeting Information - The proposed cash dividend is RMB 2.14 per 10 shares (including tax), subject to approval at the 2022 annual general meeting[1]. - The bank's annual general meeting will announce the date for the dividend distribution and share transfer registration suspension[1]. - The annual report was approved by the board on March 27, 2023, with 18 directors present, including 8 in person and 10 via video[2]. - The report will be published on both the Hong Kong Stock Exchange and the bank's official website[1]. Financial Performance - Minsheng Bank achieved a net profit attributable to shareholders of 35.3 billion yuan in 2022, an increase of 2.58%[7]. - In 2022, the company achieved operating revenue of 139.22 billion CNY and net profit attributable to shareholders of 35.27 billion CNY[13]. - The bank's operating income was RMB 139.219 billion, a decrease of 15.91% compared to 2021[28]. - Net interest income for 2022 was RMB 107.463 billion, down 14.56% from RMB 125.775 billion in 2021[28]. - Non-interest income decreased by 20.17% to RMB 31.756 billion in 2022 from RMB 39.779 billion in 2021[28]. - The net profit attributable to shareholders remained stable at RMB 0.71 per share for both 2022 and 2021[28]. - The bank's average return on total assets was 0.50% in 2022, unchanged from 2021[28]. - The cost-to-income ratio increased to 36.44% in 2022 from 29.74% in 2021[28]. - The net interest margin decreased to 1.60% in 2022 from 1.91% in 2021[28]. Asset and Liability Management - Total assets amounted to 7.26 trillion yuan, reflecting a growth of 4.36%[7]. - Total liabilities at year-end reached 6.64 trillion CNY, increasing by RMB 276.61 billion, or 4.34% year-on-year[33]. - Total equity attributable to shareholders reached 599.9 billion yuan, up 4.47%[7]. - The total amount of loans and advances issued by the group was RMB 4,141.14 billion, up by RMB 95.45 billion, or 2.36% from the previous year[33]. - The total deposits reached RMB 3,993.53 billion, an increase of RMB 217.77 billion, or 5.77% year-on-year[33]. Risk Management and Asset Quality - The bank has no foreseeable major risks, as detailed in the "Management Discussion and Analysis" section of the report[2]. - Non-performing loans, non-performing loan ratio, overdue loans, and overdue loan ratio all decreased compared to the end of the previous year, with a non-performing loan generation rate declining for two consecutive years[9]. - The non-performing loan ratio at the end of 2022 was 1.68%, a decrease of 0.11 percentage points from the previous year[15]. - The overdue loan ratio was 1.99%, down 0.18 percentage points year-on-year, indicating stable and controllable loan quality[15]. - The total amount of non-performing loans was RMB 69.387 billion, a decrease of RMB 2.951 billion compared to the end of the previous year[77]. Digital Transformation and Innovation - The bank is focused on digital transformation, enhancing its digital service capabilities and ecosystem construction[9]. - The company emphasized digital transformation to enhance service efficiency and customer experience, aiming to create a more agile and customer-centric banking model[12]. - The bank is advancing its digital transformation to improve service quality and operational efficiency, aligning with the trend of the digital economy[19]. - The bank's focus on customer-centric services aims to enhance customer trust and loyalty through professional service and optimized processes[19]. - The bank has established an intelligent operation platform for branches, completing network and Wi-Fi expansion for 85% of branches, with 13,362 new intelligent machines deployed[150]. Customer Growth and Engagement - The number of effective corporate clients grew by 31% compared to the end of 2020, while retail private banking clients increased by 25%[8]. - The number of new personal customers increased by 5.6955 million, representing a year-on-year growth of 28.19%[136]. - The number of online financing customers grew to 7,381, an increase of 4,140 customers year-over-year[125]. - The number of strategic customers reached 1,351, with deposits totaling CNY 1,072.499 billion, an increase of 7.55% year-over-year[124]. - The bank's retail online platform user base reached 103.59 million, an increase of 10.72% compared to the end of the previous year[172]. Green Finance and Social Responsibility - Green credit increased by 68% in 2022, supporting the national low-carbon transition strategy[7]. - The bank's green credit balance reached CNY 179.91 billion, an increase of 67.65% compared to the end of the previous year, outpacing the industry average growth rate[129]. - The bank is committed to social responsibility initiatives, including environmental protection and educational support, while enhancing its ESG management practices[12]. - The bank has been recognized with multiple awards for its performance in green finance, including the "Green Bank Evaluation Advanced Unit" and "Best Financial Institution Award" in 2022[129]. Strategic Development and Future Outlook - The bank aims to enhance its market competitiveness and profitability while ensuring sustainable development during the second phase of its five-year development plan (2023-2025)[17]. - The company is in the second phase of its five-year development plan (2021-2025), focusing on high-quality development and implementing the "12345" operational strategy[20]. - The company plans to continue optimizing financial products and services, focusing on key areas such as manufacturing, small and micro enterprises, and green finance[12]. - The company aims to achieve breakthroughs in quality asset investment and improving liability quality, enhancing customer service and optimizing asset structure[20]. - The company plans to accelerate credit issuance and enhance financial support for key sectors in 2023[115].
民生银行(01988) - 2022 - 年度业绩