香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 中國工商銀行股份有限公司 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） 股份代號：1398 美元優先股股份代號：4620 中國工商銀行股份有限公司 二〇二五年第一季度報告 中國工商銀行股份有限公司（「本行」）董事會宣佈本行及其子公司（「本集團」）截至2025 年3月31日止第一季度的業績。本公告乃根據《證券及期貨條例》（香港法例第571章）第 XIVA部及《香港聯合交易所有限公司證券上市規則》第13.09條的要求而作出。 重要內容提示： 本行董事會、監事會及董事、監事、高級管理人員保證季度報告內容的真實、準確、完 整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 本行法定代表人廖林、主管財會工作負責人劉珺及財會機構負責人許志勝保證本季度報 告中財務信息的真實、準確、完整。 本季度財務報表未 ...

戰略目標 股份代號: 1398 中國工商銀行股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 年度報告 2024 公司簡介 中國工商銀行成立於1984年1月1日。2005 年10月28日，本行整體改制為股份有限公司。 2006年10月27日，本行成功在上交所和香港聯 交所同日掛牌上市。 本行致力於建設中國特色世界一流現代金 融機構，擁有優質的客戶基礎、多元的業務結 構、強勁的創新能力和市場競爭力。本行將服務 作為立行之本，堅持以服務創造價值，向全球超 1,300萬對公客戶和7.66億個人客戶提供豐富的 金融產品和優質的金融服務，以自身高質量發展 服務經濟社會高質量發展。本行自覺將社會責任 融入發展戰略和經營管理活動，在服務製造業、 發展普惠金融、支持鄉村振興、發展綠色金融、 支持公益事業等方面受到廣泛讚譽。 本行始終聚焦主業，堅持服務實體經濟的 本源，與實體經濟共榮共存、共擔風雨、共同成 長；始終堅持風險為本，牢牢守住底線，不斷提 高控制和化解風險的能力；始終堅持對商業銀行 經營規律的把握與遵循，致力於成為基業長青的 銀行；始終堅持穩中求進、創新求進，持續深化 重點發展戰略，積極發展金融科技，加快數字 ...

Industrial and Commercial Bank of China (01398) H2 2024 Earnings Call March 28, 2025 03:32 PM ET Moderator good afternoon. Welcome to the twenty twenty four Annual Earnings Call of ICBC. I'm Chennoh from ICBC's Strategic Management and Investor Relations department. The 2024 Annual Report has annual announcement has already been released. Thank you for the 880,000 investors for recognition. SEB has been highly valued, the IR and the market value management. We have maintained a frequent and effective contac ...

Financial Performance - Net interest income for 2024 was RMB 637,405 million, a decrease of 2.5% from RMB 655,013 million in 2023[6]. - Total operating income for 2024 was RMB 786,126 million, down 2.1% from RMB 806,458 million in 2023[6]. - Net profit for 2024 reached RMB 366,946 million, slightly up from RMB 365,116 million in 2023, representing a growth of 0.5%[6]. - In 2024, the company achieved operating revenue of RMB 210.165 billion in Q1, a decrease of 3.4% compared to RMB 218.461 billion in Q1 2023[9]. - Net profit attributable to shareholders for Q1 2024 was RMB 87.653 billion, down 2.8% from RMB 90.164 billion in Q1 2023[9]. - The company reported a net cash flow from operating activities of RMB 1.367252 trillion in Q1 2024, compared to RMB 1.105614 trillion in Q1 2023[9]. - The company achieved a net profit of 366.946 billion RMB, an increase of 0.5% year-over-year, with a return on average total assets of 0.78% and a weighted average return on equity of 9.88%[18]. - Operating income for 2024 was 786.126 billion RMB, a decrease of 2.5%, with net interest income at 637.405 billion RMB, down 2.7%[19]. Asset and Loan Growth - Total assets increased to RMB 48,821,746 million in 2024, up 9.5% from RMB 44,697,079 million in 2023[6]. - Customer loans and advances totaled RMB 28,372,229 million, an increase of 8.8% compared to RMB 26,086,482 million in 2023[6]. - The total assets of the company reached 46.885 trillion RMB, an increase from 42.410 trillion RMB in the previous year[20]. - Total customer loans and advances reached RMB 28,372.23 billion by the end of 2024, an increase of RMB 22,857.47 billion or 8.8% compared to the end of 2023[43]. - Corporate loans amounted to RMB 17,482.22 billion, representing 61.6% of total loans, with an increase of RMB 1,337.02 billion or 8.3% year-on-year[45]. - Personal loans increased by RMB 3,040.99 billion, growing by 3.5%, with personal consumption loans rising by 28.3% to RMB 421.20 billion[46]. Non-Performing Loans and Risk Management - The non-performing loan ratio improved to 1.34% in 2024 from 1.36% in 2023[7]. - The non-performing loan ratio at the end of the year was 1.34%, a decrease of 2 basis points year-on-year[12]. - The provision coverage ratio increased to 214.91%, up 0.94 percentage points from the previous year[12]. - The coverage ratio for loan provisions was 214.91%, an increase of 0.94 percentage points from the previous year[51]. - The total overdue loans amounted to RMB 406.74 billion, an increase of RMB 76.31 billion from the previous year[54]. Capital Adequacy and Financial Stability - The core tier 1 capital adequacy ratio increased to 14.10% in 2024, up from 13.72% in 2023[7]. - The capital adequacy ratio rose to 19.39%, maintaining a leading position among global large banks[12]. - The bank's leverage ratio was recorded at 7.75% as of December 31, 2024, indicating compliance with regulatory requirements[163]. - The bank's total loss-absorbing capacity non-capital debt instruments issuance was approved, with 600 billion RMB planned for issuance[167]. Customer Deposits and Funding Sources - Customer deposits totaled 34,836.97 billion RMB at the end of 2024, up 3.9% year-over-year, with individual deposits increasing by 11.9%[70]. - The proportion of customer deposits from companies decreased to 48.4%, while individual deposits accounted for 49.4%[71]. - Interbank and other financial institution deposits and borrowings increased by RMB 12,211.07 billion, a growth of 36.2%[75]. Non-Interest Income and Expenses - Non-interest income for 2024 was CNY 148.721 billion, a decrease of CNY 2.724 billion or 1.8% year-over-year, accounting for 18.9% of total operating income[30]. - Net commission and fee income was CNY 109.397 billion, down CNY 9.960 billion or 8.3% from the previous year, with significant declines in personal wealth management and corporate finance[31]. - Total operating expenses rose to CNY 242.155 billion, an increase of CNY 3.457 billion or 1.4% year-over-year[33]. - Administrative expenses decreased by approximately 8.3%, contributing to a favorable cost-to-income ratio compared to peers[183]. Digital Transformation and Technology Investment - The company invested CNY 28.518 billion in financial technology in 2024, with 36,000 financial technology personnel, accounting for 8.6% of total employees[119]. - The digital banking services achieved a 99% digitalization rate in 2024, with mobile banking customers reaching 588 million and monthly active users exceeding 260 million, maintaining industry leadership[120]. - The AI-driven financial model "工銀智涌" was developed, enabling over 20 major business areas and 200 scenarios, with cumulative usage exceeding 1 billion times[115]. - The company launched the new mobile banking version 10.0 and the native HarmonyOS version, enhancing customer interaction with AI applications[120]. Green Finance and Sustainable Development - The bank's focus on green finance includes increasing support for strategic areas such as technology innovation and low-carbon transformation, enhancing ESG risk management throughout the investment process[97]. - By the end of 2024, the balance of green loans is projected to exceed 6 trillion yuan, supporting the green and low-carbon transformation of industries[83]. - The bank's "green loans" maintained the top position in the industry, while "specialized, refined, unique, and innovative" loans grew by over 54% compared to the beginning of the year[174]. Awards and Recognition - The company was recognized as "China's Best Consumer Credit Bank" and "Star of Wealth Management" by Global Finance[92]. - The company received multiple awards, including "Best Private Bank in China" and "Best Digital Private Bank in Asia," reflecting its strong market position and service quality[94]. - The company has been recognized for five consecutive years as an "Outstanding Member" and "Outstanding Custodian Bank" by the Shanghai Gold Exchange, maintaining the top position in both clearing amount and gold leasing scale[111]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 644,591, with 104,939 H-share shareholders and 539,652 A-share shareholders[195]. - The top shareholder, Central Huijin Investment Ltd., holds 124,004,660,940 shares, representing 34.79% of the total shares[197]. - The Ministry of Finance is the second-largest shareholder, owning 110,984,806,678 shares, which accounts for 31.14% of the total shares[197].

Financial Performance - Operating revenue for Q3 2024 was RMB 197.108 billion, an increase of 1.28% year-over-year[3] - Net profit attributable to parent company shareholders for Q3 2024 was RMB 98.558 billion, up 3.82% year-over-year[3] - Basic earnings per share for Q3 2024 were RMB 0.25, up 4.17% year-over-year[3] - Net profit for the first three quarters of 2024 reached 270.475 billion yuan, a year-on-year increase of 0.20%[16] - Operating income for the first three quarters of 2024 was 599.107 billion yuan, a year-on-year decrease of 3.92%[16] - Net profit attributable to parent company shareholders for the first nine months of 2024 was 269.025 billion yuan, slightly up from 268.673 billion yuan in the same period of 2023[24] - Basic earnings per share for the first nine months of 2024 were 0.72 yuan, unchanged from the same period in 2023[24] - Net profit for the first nine months of 2024 reached RMB 270,475 million, compared to RMB 269,929 million in the same period of 2023[25] - Total comprehensive income for the first nine months of 2024 was RMB 295,971 million, up from RMB 280,455 million in the same period of 2023[25] - Pre-tax profit for the first nine months of 2024 was RMB 308,402 million, slightly down from RMB 314,245 million in the same period of 2023[29] Asset and Liability Management - Total assets as of September 30, 2024, reached RMB 48.357755 trillion, an 8.19% increase compared to the end of 2023[3] - Total assets increased by 8.19% to 48,357.755 billion yuan, with customer loans and advances (excluding accrued interest) growing by 7.70% to 28,095.905 billion yuan[17] - Customer deposits rose by 3.20% to 34,592.836 billion yuan, with time deposits accounting for 206,932.96 billion yuan and demand deposits at 131,357.02 billion yuan[17] - Total assets as of September 30, 2024, increased to RMB 48,357,755 million from RMB 44,697,079 million at the end of 2023[26] - Customer loans and advances grew to RMB 27,326,972 million as of September 30, 2024, compared to RMB 25,386,933 million at the end of 2023[26] - Total liabilities as of September 30, 2024, rose to RMB 44,435,477 million from RMB 40,920,491 million at the end of 2023[27] - Customer deposits increased to RMB 34,592,836 million as of September 30, 2024, compared to RMB 33,521,174 million at the end of 2023[27] - Cash and balances with central banks decreased to RMB 3,748,270 million as of September 30, 2024, from RMB 4,042,293 million at the end of 2023[26] - Financial investments grew to RMB 13,291,683 million as of September 30, 2024, compared to RMB 11,849,668 million at the end of 2023[26] - Adjusted on- and off-balance sheet assets totaled RMB 50,447,695 million as of September 30, 2024, up from RMB 49,146,136 million as of June 30, 2024[38] Capital and Liquidity - Core tier 1 capital adequacy ratio stood at 13.95%, tier 1 capital adequacy ratio at 15.23%, and total capital adequacy ratio at 19.25%, all meeting regulatory requirements[18] - The company issued 50 billion yuan of perpetual capital bonds in July 2024 and 50 billion yuan and 40 billion yuan of tier 2 capital bonds in August and October 2024, respectively[19] - Core Tier 1 capital adequacy ratio as of September 30, 2024, was 13.95%, up from 13.78% at the end of March 2024[33] - Total capital adequacy ratio as of September 30, 2024, was 19.25%, slightly higher than 19.21% at the end of March 2024[33] - Leverage ratio as of September 30, 2024, was 7.71%, compared to 7.68% at the end of March 2024[33] - Liquidity coverage ratio as of September 30, 2024, was 138.20%, up from 126.61% at the end of March 2024[34] - Net stable funding ratio as of September 30, 2024, was 129.66%, slightly higher than 129.46% at the end of March 2024[34] - Risk-weighted assets increased to RMB 25,546,153 million as of September 30, 2024, up from RMB 25,123,488 million as of June 30, 2024[36] - Leverage ratio stood at 7.71% as of September 30, 2024, slightly down from 7.80% as of June 30, 2024[39] - Tier 1 capital net amount was RMB 3,889,547 million as of September 30, 2024, compared to RMB 3,832,172 million as of June 30, 2024[38] - Qualified high-quality liquid assets amounted to RMB 8,724,549 million[42] - Total expected cash outflows reached RMB 10,025,512 million[42] - Total expected cash inflows were RMB 3,710,684 million[42] - Net cash outflows stood at RMB 6,314,828 million[42] - Liquidity coverage ratio (LCR) was 138.20%[42] Shareholder and Ownership Structure - Total number of ordinary shareholders as of the reporting period end was 680,869, with 106,165 H-share shareholders and 574,704 A-share shareholders[5] - Central Huijin Investment Limited held 34.79% of the company's shares, making it the largest shareholder as of September 30, 2024[5] - The Ministry of Finance of the People's Republic of China held 31.14% of the company's shares, making it the second-largest shareholder[5] - Hong Kong Securities Clearing (Nominees) Limited held 24.18% of the company's H-shares, representing institutional and individual investors[5] Risk Management - Non-performing loan balance increased by 24.453 billion yuan to 377.955 billion yuan, with a non-performing loan ratio of 1.35%, down by 0.01 percentage points[18] - Provision coverage ratio improved to 220.30%, up by 6.33 percentage points[18] - Credit risk accounted for RMB 23,185,527 million of the total risk-weighted assets as of September 30, 2024[36] - Market risk decreased to RMB 477,675 million as of September 30, 2024, down from RMB 585,696 million as of June 30, 2024[36] - Operational risk remained constant at RMB 1,882,951 million as of both September 30, 2024, and June 30, 2024[36] - Credit valuation adjustment risk increased to RMB 43,627 million as of September 30, 2024, up from RMB 38,962 million as of June 30, 2024[36] - The minimum leverage ratio requirement remained at 4.00% as of both September 30, 2024, and June 30, 2024[39] Cash Flow and Financing Activities - Net cash flow from operating activities for the first nine months of 2024 was RMB 1.077248 trillion, a decrease of 43.57% year-over-year[4] - Operating cash flow for the first nine months of 2024 was RMB 1,077,248 million, a decrease from RMB 1,909,119 million in the same period of 2023[30] - Net cash used in investing activities for the first nine months of 2024 was RMB 1,129,281 million, compared to RMB 695,857 million in the same period of 2023[31] - Net cash from financing activities for the first nine months of 2024 was RMB 339,970 million, an increase from RMB 134,063 million in the same period of 2023[31] - Securities financing transactions' average daily balance for the quarter was RMB 1,011,189 million as of September 30, 2024, down from RMB 1,074,621 million as of June 30, 2024[39] Income and Expenses - Net interest income was 476.732 billion yuan, a year-on-year decrease of 4.94%[16] - Non-interest income was 122.375 billion yuan, a year-on-year increase of 0.31%[16] - Fee and commission net income was 90.323 billion yuan, a year-on-year decrease of 8.98%[16] - Operating expenses (excluding taxes and surcharges) were 157.269 billion yuan, a year-on-year increase of 0.37%[16] - Cost-to-income ratio was 26.25%[16] - Provision for asset impairment losses was 129.282 billion yuan, a year-on-year decrease of 12.54%[16] - Net interest income for the first nine months of 2024 was 476.732 billion yuan, a decrease from 501.526 billion yuan in the same period of 2023[23] - Credit impairment losses for the first nine months of 2024 were RMB 128,945 million, compared to RMB 147,575 million in the same period of 2023[29] Dividends and Shareholder Returns - Cash dividends for 2023 were distributed at 3.064 yuan per 10 shares, totaling approximately 109.203 billion yuan[21] Liquidity and Funding - Retail and small business customer deposits totaled RMB 1,837,437 million[42] - Unsecured wholesale funding amounted to RMB 6,259,796 million[42] - Other contractual financing obligations were RMB 87,909 million[42] - Contingent financing obligations reached RMB 108,585 million[42] - Other cash inflows were RMB 1,445,582 million[42]

Customer Base and Market Position - The bank serves over 12.84 million corporate clients and 749 million individual clients, showcasing a robust customer base[2]. - The bank has maintained its position as the top bank in the "Banker" magazine's Global 1000 Banks list for twelve consecutive years[2]. - The number of corporate, personal, and inclusive finance customers increased by 788,000, 8.932 million, and 463,000 respectively[18]. Financial Performance - Net interest income for the first half of 2024 was RMB 313,950 million, a decrease of 6.8% from RMB 336,987 million in the same period of 2023[12]. - Total operating income for the first half of 2024 was RMB 401,999 million, down 6.3% from RMB 428,906 million in the first half of 2023[12]. - Net profit attributable to shareholders for the first half of 2024 was RMB 170,467 million, a decrease of 1.5% compared to RMB 173,744 million in the first half of 2023[12]. - The company achieved operating revenue of CNY 401.999 billion and net profit of CNY 171.296 billion in the first half of the year, with an annualized return on total assets (ROA) of 0.75% and a return on equity (ROE) of 9.53%[17]. - In the first half of 2024, the company achieved a net profit of RMB 171.30 billion, a decrease of 2.0% year-on-year[22]. Risk Management - The bank emphasizes risk management and has implemented strong measures to maintain asset quality, ensuring stability in its financial performance[6]. - The company faces various risks including credit risk, market risk, liquidity risk, and operational risk, and is actively implementing measures to manage these risks[9]. - The company has a strong focus on risk management, addressing various types of risks as outlined in the report[9]. - The company has established a risk monitoring and early warning mechanism, particularly in key areas such as real estate and local debt management[131]. - The company is enhancing its digital transformation in investment and financing management, aiming to improve decision-making and operational efficiency through digital technologies[131]. Dividends and Shareholder Returns - The board of directors proposed a cash dividend of RMB 1.434 per 10 shares for the 2024 interim period, pending shareholder approval[8]. - The total cash dividend distributed for the year 2023 amounted to approximately RMB 109.203 billion, with a dividend of RMB 3.064 per 10 shares[8]. - The company plans to implement a mid-term cash dividend of CNY 51.109 billion, with a dividend payout ratio of 30.0%[17]. - ICBC has distributed over RMB 1.4 trillion in cash dividends since its listing in 2006, making it the highest dividend-paying company in A-shares[176]. Digital Transformation and Innovation - The bank aims to enhance its digital transformation and financial technology capabilities to improve service quality and operational efficiency[4]. - The bank has a strong emphasis on innovation and aims to create value through technology-driven management[4]. - The company is focusing on enhancing its digital transformation capabilities and has received awards for its generative AI technology and open banking implementation[93]. - The mobile banking app has launched a new version 9.0, leading to an increase in customer scale and active users, solidifying its competitive advantage[98]. - Digital business accounted for 98.9% of overall operations by the end of June[101]. Capital Management and Financial Stability - The bank's capital management strategies are designed to ensure steady growth in credit investments[6]. - The bank's core tier 1 capital net amount as of June 30, 2024, was RMB 3,477,144 million, an increase from RMB 3,381,941 million at the end of 2023[13]. - The core tier 1 capital ratio as of June 30, 2024, is 13.84%[168]. - The total capital ratio stands at 19.16% as of June 30, 2024[168]. - The leverage ratio is 7.80% as of June 30, 2024[170]. International Operations and Global Presence - The bank's international operations are expanding, leveraging both domestic and international markets to enhance its global presence[4]. - The cross-border RMB business volume reached CNY 4.75 trillion in the first half of the year, supporting the internationalization of the RMB[18]. - The company is enhancing its global financial service capabilities, including investment banking, global cash management, and asset management, to strengthen cross-border collaboration[113]. Customer Services and Community Engagement - The company hosted over 46,000 community service events, benefiting 2.7 million people[103]. - The company has established nearly 5,000 "social bank integration" outlets to improve social security service quality[75]. - The company is actively supporting rural revitalization and digital rural initiatives, with over 1,000 counties covered by its comprehensive service platform[75]. Asset Quality and Loan Management - The non-performing loan ratio decreased to 1.35%, down by 0.01 percentage points from the beginning of the year, while the provision coverage ratio increased to 218.43%, up by 4.46 percentage points[17]. - The total NPL for corporate loans was RMB 295,931 million, an increase of RMB 31,860 million from the end of 2023, with a corporate NPL ratio of 1.69%[133]. - The company continues to enhance risk management across various industries, maintaining overall loan quality stability[135]. Regulatory Compliance and Governance - The financial report is prepared in accordance with both Chinese Accounting Standards and International Financial Reporting Standards, ensuring transparency and accuracy[8]. - The bank's strategy includes enhancing internal control mechanisms and compliance management to support high-quality development and risk management[159]. - The bank has enhanced its anti-money laundering management quality and effectiveness during the reporting period[162].

Financial Performance - For the first half of 2024, net interest income decreased to RMB 313,950 million, down 6.8% from RMB 336,987 million in the same period of 2023[4] - Net fee and commission income was RMB 67,405 million, a decline of 8.8% compared to RMB 73,465 million in the first half of 2023[4] - Total operating income for the first half of 2024 was RMB 401,999 million, representing a decrease of 6.3% from RMB 428,906 million in the first half of 2023[4] - Net profit attributable to shareholders was RMB 170,467 million, down 1.5% from RMB 173,744 million in the same period of 2023[4] - The diluted earnings per share for the first half of 2024 was RMB 0.47, unchanged from the same period in 2023[4] - The company achieved operating revenue of CNY 401.999 billion and net profit of CNY 171.296 billion for the first half of 2024, with annualized average total asset return (ROA) at 0.75% and annualized weighted average equity return (ROE) at 9.53%[8] - The company reported a pre-tax profit of RMB 197.18 billion for the first half of 2024, down from RMB 203.66 billion in the same period of 2023, indicating a decline of 3.4%[29] - The company reported a net profit of CNY 171.30 billion in the first half of 2024, a decrease of 2.0% year-on-year, with an annualized return on total assets of 0.75% and a return on equity of 9.53%[11] Assets and Liabilities - Total assets as of June 30, 2024, reached RMB 47,116,536 million, an increase of 5.9% from RMB 44,697,079 million at the end of 2023[5] - The bank's total liabilities reached RMB 43,252,035 million, an increase of 5.4% from RMB 40,920,491 million at the end of 2023[5] - The bank's total liabilities increased to RMB 43,252,035 million from RMB 40,920,491 million, reflecting a rise of approximately 5.7%[100] - Total equity as of June 30 was CNY 38,645.01 billion, an increase of CNY 879.13 billion or 2.3% from the end of last year[59] Customer Loans and Advances - Customer loans and advances totaled RMB 27,837,550 million, up 6.7% from RMB 26,086,482 million at the end of 2023[5] - The average balance of customer loans and advances was CNY 27.18 trillion, with interest income from these loans at CNY 476.20 billion, reflecting a decrease in average yield by 43 basis points[16] - Corporate loans increased by CNY 13,704.63 billion, a growth of 8.5% year-over-year[35] - Personal loans rose by CNY 1,809.22 billion, marking a 2.1% increase from the previous year[36] - The balance of loans to the manufacturing sector was nearly RMB 4.4 trillion, with an increase of over RMB 500 billion since the beginning of the year, also leading the industry[68] Risk Management - The non-performing loan ratio improved to 1.35%, a decrease of 0.01 percentage points from the beginning of the year, while the provision coverage ratio increased to 218.43%, up by 4.46 percentage points[8] - The company enhanced its risk management framework, focusing on early identification and proactive control of risks, particularly in real estate and local government debt sectors[9] - The bank's loan impairment provision balance is RMB 81,857.30 million, with a coverage ratio of 218.43%, an increase of 4.46 percentage points from the previous year[42] - The overall NPL ratio for the bank's loans is stable, with a total NPL of RMB 375.35 million as of June 2024, compared to RMB 353.50 million at the end of December 2023[41] Capital and Dividends - The company plans to implement a mid-term cash dividend of CNY 51.109 billion, with a dividend payout ratio of 30.0%[8] - The company distributed a total cash dividend of RMB 109.2 billion for 2023, with a cash dividend per share of RMB 3.064, resulting in dividend yields of 6.51% for A-shares and 8.54% for H-shares[70] - The bank declared a cash dividend of RMB 3.064 per 10 shares for the fiscal year 2023, totaling approximately RMB 109.203 billion[93] - The board proposed an interim cash dividend of RMB 1.434 per 10 shares for the fiscal year 2024, amounting to approximately RMB 51.109 billion, pending shareholder approval[93] Digital Transformation and Innovation - The company emphasized digital transformation and modernization in its operations, aiming for a diversified structure and ecological foundation[8] - The bank is advancing its "Digital ICBC" initiative, with the release of the mobile banking version 9.0 and the application of large model technology across various business scenarios[10] - The bank's digital transformation efforts have been recognized, winning the "China Annual Digital Bank" award from "Finance" magazine[76] Customer Base Expansion - The company added 7.88 million corporate clients, 8.93 million personal clients, and 0.463 million inclusive finance clients, enhancing its customer base significantly[10] - The company aims to enhance support for key sectors such as advanced manufacturing and green finance to drive high-quality development[34] Investment and Financial Instruments - Investment interest income increased by 7.9% year-on-year to CNY 178.91 billion, driven by a 13.1% growth in average investment balance[18] - The total investment reached RMB 12,988.92 billion, a growth of 9.6% from the end of the previous year, with bonds accounting for RMB 12,471.82 billion, an increase of 9.8%[49] - The nominal amount of currency derivatives held by the company as of June 30, 2024, was RMB 9,474,752 million, with a fair value asset of RMB 122,781 million[121] Regulatory Compliance and Ratings - The bank maintained a credit rating of A from S&P and A1 from Moody's, consistent with previous ratings[5] - The core tier 1 capital ratio stood at 13.84%, while the total capital adequacy ratio was 19.16%, both meeting regulatory requirements[60] Shareholder Information - The total number of ordinary shareholders reached 613,766, with 106,884 H-share shareholders and 506,882 A-share shareholders[80] - Central Huijin Investment Co., Ltd. holds 124,004,660,940 A-shares, accounting for 34.79% of total shares[81]

Financial Performance - Operating income for Q1 2024 was RMB 210,165 million, a decrease of 3.80% compared to RMB 218,461 million in Q1 2023[3] - Net profit attributable to shareholders for Q1 2024 was RMB 87,653 million, down 2.78% from RMB 90,164 million in Q1 2023[3] - In Q1 2024, the company achieved a net profit of RMB 88.06 billion, a decrease of 2.98% year-on-year[17] - Total operating income for Q1 2024 was RMB 210.17 billion, down 3.80% compared to the same period last year[17] - The bank's pre-tax profit for the first quarter of 2024 was RMB 102,455 million, slightly down from RMB 106,586 million in the first quarter of 2023, a decrease of about 3.3%[26] - The annualized net interest margin (NIM) stood at 1.48%, with net interest income of RMB 161.40 billion, a decline of 4.16% year-on-year[17] - The cost-to-income ratio was 21.79%, with operating expenses (excluding taxes) increasing by 0.78% to RMB 45.79 billion[17] - The company reported a basic earnings per share of RMB 0.24 for Q1 2024, down from RMB 0.25 in Q1 2023[22] Assets and Liabilities - Total assets as of March 31, 2024, reached RMB 47,600,027 million, reflecting a 6.49% increase from RMB 44,697,079 million at the end of 2023[3] - As of March 31, 2024, total liabilities increased to RMB 43,723,412 million from RMB 40,920,491 million as of December 31, 2023, representing a growth of approximately 6.7%[25] - Customer deposits rose to RMB 35,035,080 million, up from RMB 33,521,174 million, indicating an increase of about 4.5%[25] - The bank's total assets as of March 31, 2024, amounted to RMB 47,600,027 million, up from RMB 44,697,079 million as of December 31, 2023, representing an increase of approximately 6.7%[25] Shareholder Information - As of March 31, 2024, the total number of ordinary shareholders was 613,660, with H-share shareholders numbering 107,656 and A-share shareholders 506,004[5] - Central Huijin Investment Ltd. held 34.79% of the total shares, while the Ministry of Finance of the People's Republic of China held 31.14%[6] - Central Huijin Investment Ltd. has cumulatively increased its A-share holdings by 286,807,989 shares, representing 0.08% of the total share capital[9] Cash Flow - Net cash flow from operating activities increased by 23.66% to RMB 1,367,252 million, compared to RMB 1,105,614 million in the same period last year[3] - The bank's cash and cash equivalents at the end of the first quarter of 2024 reached RMB 3,994,583 million, up from RMB 2,878,441 million at the end of the first quarter of 2023, an increase of about 39%[28] - The bank's net increase in cash and cash equivalents for the first quarter of 2024 was RMB 1,233,225 million, compared to RMB 960,899 million in the first quarter of 2023, an increase of about 28.3%[28] - The net cash flow from investing activities for the first quarter of 2024 was RMB (199,921) million, compared to RMB 318,788 million in the same period of 2023, indicating a significant decline[28] Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio was reported at 13.78%, meeting regulatory requirements[18] - Core Tier 1 capital stood at RMB 3,492,517 million, with a capital adequacy ratio of 19.21%[31] - The leverage ratio was reported at 7.68%, with adjusted on-balance and off-balance sheet assets amounting to RMB 50,111,419 million[32] - The liquidity coverage ratio reached 126.61%, indicating strong liquidity position with qualifying liquid assets of RMB 7,636,915 million[32] - The net stable funding ratio was 129.46%, with available stable funding totaling RMB 32,738,107 million[32] Loan and Credit Quality - Customer loans and advances reached RMB 27,370.16 billion, up 4.92% year-on-year, with domestic RMB loans increasing by 5.06%[17] - The non-performing loan (NPL) ratio remained stable at 1.36%, with a non-performing loan balance of RMB 370.89 billion, an increase of RMB 17.39 billion from the previous year[17] Future Plans - The company plans to issue up to RMB 60 billion in total loss-absorbing capacity non-capital debt instruments, pending regulatory approval[19]

Client Base and Market Position - ICBC serves over 1,205 million corporate clients and 740 million individual clients globally[2] - ICBC has been ranked first in the "Top 1000 World Banks" by The Banker for eleven consecutive years[2] - ICBC was ranked as the Best Bank in China, Best Corporate Bank in China, and Best Belt and Road Bank by various international financial magazines[8] - ICBC received multiple awards including Best Digital Solutions Bank, Best Green Financial Services Bank, and Best Wealth Management Bank in Asia Pacific[8] Strategic Goals and Corporate Governance - ICBC aims to build a world-class modern financial enterprise with Chinese characteristics[3] - ICBC focuses on serving the real economy and enhancing risk control capabilities[4] - ICBC emphasizes the importance of financial technology and digital transformation[4] - ICBC is committed to international expansion and global operations[4] - ICBC has a strong emphasis on corporate governance and decision-making effectiveness[4] - ICBC values innovation, stability, and excellence in its operations[5] Financial Performance and Reporting - ICBC's 2023 annual report was approved by the board on March 27, 2024, and audited by Deloitte with an unqualified opinion[9] - ICBC proposed a cash dividend of RMB 3.064 per 10 shares for 2023, subject to shareholder approval[9] - ICBC's 2023 annual report was prepared in accordance with both Chinese Accounting Standards and International Financial Reporting Standards[9] - Total customer loans and advances reached RMB 26,086,482 million in 2023, up from RMB 23,210,376 million in 2022[11] - Non-performing loan ratio decreased to 1.36% in 2023 from 1.38% in 2022[11] - Capital adequacy ratio stood at 19.10% in 2023, slightly down from 19.26% in 2022[12] - Provision coverage ratio increased to 213.97% in 2023 from 209.47% in 2022[12] - Net interest income for 2023 was RMB 655,013 million, compared to RMB 691,985 million in 2022[13] - Net fee and commission income for 2023 was RMB 119,357 million, down from RMB 129,325 million in 2022[13] - Operating income for 2023 was RMB 806,458 million, compared to RMB 842,352 million in 2022[13] - Net profit attributable to shareholders of the parent company was RMB 363,993 million in 2023, up from RMB 361,132 million in 2022[13] - Net cash flow from operating activities was RMB 1,417,002 million in 2023, compared to RMB 1,404,657 million in 2022[13] - Total assets increased to RMB 44,697,079 million in 2023, up from RMB 39,609,657 million in 2022[14] - Customer loans and advances reached RMB 26,086,482 million in 2023, compared to RMB 23,212,312 million in 2022[14] - Corporate loans grew to RMB 16,145,204 million in 2023, up from RMB 13,826,966 million in 2022[14] - Personal loans increased to RMB 8,653,621 million in 2023, compared to RMB 8,236,561 million in 2022[14] - Net interest margin decreased to 1.61% in 2023 from 1.92% in 2022[16] - Non-performing loan ratio improved to 1.36% in 2023 from 1.38% in 2022[16] - Provision coverage ratio rose to 213.97% in 2023 from 209.47% in 2022[16] - Core tier 1 capital adequacy ratio stood at 13.72% in 2023, down from 14.04% in 2022[16] - Total capital adequacy ratio was 19.10% in 2023, slightly lower than 19.26% in 2022[16] - Operating revenue for Q4 2023 was RMB 182,938 million, compared to RMB 189,799 million in Q4 2022[17] - ROA and ROE reached 0.87% and 10.66% respectively, with a cost-to-income ratio of 28.28%[19] - Net profit increased to 365.1 billion yuan, with assets, deposits, and loans all growing by over 10%[19] - Non-performing loan ratio decreased by 2 basis points to 1.36%, with a provision coverage ratio of 213.97% and a capital adequacy ratio of 19.10%[19] - Loans increased by 2.88 trillion yuan, and bond investments increased by 1.29 trillion yuan, growing by 12.4% and 12.9% respectively[19] - The number of overseas RMB clearing banks increased to 11[19] - Personal customers increased by nearly 20 million, and corporate customers exceeded 12 million for the first time[20] - Mobile banking monthly active users reached 229 million[21] - The company established 15,500 "ICBC Station" service points[20] - The company built a trillion-level AI model technology system, leading the industry[21] - The company's financial digital capability maturity received the highest level certification[21] - Net profit for 2023 reached RMB 365.116 billion, an increase of RMB 3.006 billion, up 0.8% year-on-year[27] - Interest income for 2023 was RMB 1,405.039 billion, an increase of RMB 126.365 billion, up 9.9% year-on-year[29] - Interest expense for 2023 was RMB 750.026 billion, an increase of RMB 163.337 billion, up 27.8% year-on-year[29] - Net interest income for 2023 was RMB 655.013 billion, a decrease of RMB 36.972 billion, down 5.3% year-on-year[29] - Non-interest income for 2023 was RMB 151.445 billion, an increase of RMB 1.078 billion, up 0.7% year-on-year[28] - Operating income for 2023 was RMB 806.458 billion, a decrease of RMB 35.894 billion, down 4.3% year-on-year[28] - Asset impairment losses for 2023 were RMB 150.816 billion, a decrease of RMB 31.861 billion, down 17.4% year-on-year[28] - Operating expenses for 2023 were RMB 238.698 billion, a decrease of RMB 653 million, down 0.3% year-on-year[28] - The net interest margin and net interest spread for 2023 were 1.61% and 1.41%, respectively, both down by 31 basis points year-on-year[29] - The cost-to-income ratio for 2023 was 28.28%, with operating expenses decreasing by 0.3% year-on-year[27] - Customer loans and advances interest income increased by 51.782 billion yuan, up 5.8%, driven by a 12.4% growth in average balance, partially offset by a 24 basis points decline in average yield[33] - Investment interest income rose by 41.161 billion yuan, up 13.9%, primarily due to a 14.4% increase in average investment balance[35] - Deposits with central banks interest income grew by 8.390 billion yuan, up 18.5%, mainly due to higher average interest rates on overseas deposits and increased domestic deposit scale[35] - Deposits interest expense increased by 109.605 billion yuan, up 22.8%, driven by a 13.8% growth in average customer deposits balance and a 14 basis points rise in average interest rate[37] - Placements with and loans to other banks and financial institutions interest income surged by 25.032 billion yuan, up 69.4%, mainly due to higher foreign currency lending rates[36] - Issued debt securities and certificates of deposit interest expense rose by 20.935 billion yuan, up 58.4%, primarily due to increased issuance of interbank certificates of deposit and higher interest rates on overseas issued debt securities[40] - Net interest income decreased by 36.972 billion yuan, down 5.3%, mainly due to a 104.661 billion yuan decline caused by interest rate changes[32] - Total interest-bearing assets increased to 40,676,019 million yuan, up 12.7%, with an average yield of 3.45%, down 9 basis points[30] - Total interest-bearing liabilities grew to 36,708,081 million yuan, up 13.7%, with an average interest rate of 2.04%, up 22 basis points[30] - Non-interest income reached 151.445 billion yuan in 2023, an increase of 1.078 billion yuan, up 0.7% year-on-year, accounting for 18.8% of operating income[41] - Net fee and commission income decreased by 9.968 billion yuan to 119.357 billion yuan in 2023, down 7.7% year-on-year[42] - Other non-interest income increased by 11.046 billion yuan to 32.088 billion yuan in 2023, up 52.5% year-on-year, driven by gains in bond investments and financial assets[43] - Total assets grew by 12.8% to 44,697.079 billion yuan in 2023, with customer loans and advances increasing by 12.4% to 26,086.482 billion yuan[49] - The company's loan portfolio increased by 12.4% to 26,086.482 billion yuan in 2023, with domestic RMB loans rising by 13.5% to 24,391.525 billion yuan[51] - Asset impairment losses decreased by 17.4% to 150.816 billion yuan in 2023, with loan impairment losses increasing slightly by 0.2% to 143.422 billion yuan[45] - Income tax expenses decreased by 9.2% to 56.850 billion yuan in 2023, with an effective tax rate of 13.47%, lower than the statutory rate of 25% due to tax-exempt income from government bonds[46] - Operating income was distributed across regions, with the Yangtze River Delta contributing 19.3% (155.716 billion yuan) and the Bohai Rim region contributing 20.1% (161.992 billion yuan) in 2023[47] - Corporate loans increased by RMB 2,318.238 billion, a growth of 16.8%, with short-term loans up by RMB 530.547 billion and medium-to-long-term loans up by RMB 1,787.691 billion[53] - Personal loans increased by RMB 418.996 billion, a growth of 5.1%, with personal consumption loans up by RMB 95.844 billion and personal business loans up by RMB 417.096 billion[54] - Total investments reached RMB 11,849.668 billion, an increase of RMB 1,315.966 billion, a growth of 12.5%, with bonds accounting for RMB 11,357.727 billion, up by RMB 1,294.157 billion, a growth of 12.9%[55] - Government bonds increased by RMB 1,298.422 billion, a growth of 17.5%, while central bank bonds decreased by RMB 18.557 billion, a drop of 32.7%[57] - RMB-denominated bonds increased by RMB 1,279.851 billion, a growth of 13.9%, while USD-denominated bonds decreased by RMB 5.016 billion, a drop of 0.9%[59] - Financial investments measured at fair value through profit or loss amounted to RMB 811.957 billion, accounting for 6.9% of total investments[60] - The company held financial bonds totaling RMB 11,786.784 billion, including RMB 811.946 billion in policy bank bonds and RMB 974.838 billion in interbank and non-bank financial institution bonds[61] - Buyback and resale items increased by 360.135 billion yuan, a growth of 41.7%, reaching 1,224.257 billion yuan[63] - Total liabilities increased by 482.5764 billion yuan, a growth of 13.4%, reaching 4,092.0491 trillion yuan[64] - Customer deposits increased by 365.0683 billion yuan, a growth of 12.2%, reaching 3,352.1174 trillion yuan[67] - Corporate deposits increased by 153.8774 billion yuan, a growth of 10.5%, while personal deposits increased by 202.0262 billion yuan, a growth of 13.9%[67] - Time deposits increased by 417.6147 billion yuan, a growth of 27.6%, while demand deposits decreased by 61.7111 billion yuan, a decline of 4.4%[67] - RMB deposits increased by 368.4821 billion yuan, a growth of 13.1%, reaching 3,183.7835 trillion yuan, while foreign currency deposits decreased by 3.4138 billion yuan, a decline of 2.0%[67] - Sell-back repurchase items increased by 443.328 billion yuan, a growth of 77.1%, reaching 1,018.106 billion yuan[72] - Issued debt securities increased by 463.824 billion yuan, a growth of 51.2%, reaching 1,369.777 billion yuan[72] - Shareholders' equity increased by 261.169 billion yuan, a growth of 7.4%, reaching 3,776.588 billion yuan[73] - Net cash inflow from operating activities increased by 12.345 billion yuan, reaching 1,417.002 billion yuan, mainly due to the increase in net customer deposits[75] - Company's financial business revenue in 2023 was RMB 381.914 billion, accounting for 47.3% of total revenue[80] - Personal financial business revenue in 2023 was RMB 317.856 billion, accounting for 39.4% of total revenue[80] - Corporate loans increased by RMB 2.318238 trillion in 2023, a growth of 16.8% year-over-year[81] - Manufacturing loan balance reached RMB 3.8 trillion in 2023, an increase of RMB 828.87 billion, up 27.3% year-over-year[82] - Strategic emerging industries loan balance was RMB 2.7 trillion in 2023, an increase of RMB 948.405 billion, up 54.1% year-over-year[82] - Green loan balance under financial regulatory standards was nearly RMB 5.4 trillion in 2023, an increase of nearly RMB 1.4 trillion[82] - Inclusive finance small and micro enterprise loans reached RMB 2.227752 trillion in 2023, an increase of RMB 677.436 billion, up 43.7% year-over-year[83] - Number of inclusive finance small and micro enterprise loan customers was 1.467 million in 2023, an increase of 451,000[83] - Average interest rate for newly issued inclusive finance small and micro enterprise loans in 2023 was 3.55%[83] - Corporate deposits increased by RMB 1.538774 trillion in 2023, a growth of 10.5% year-over-year[81] - The company's "Smart Law Enforcement" platform has been adopted by over 200 law enforcement agencies, with a cumulative total of over 400 agencies[85] - The company has more than 4,000 "Social Security-Bank Integration Branches" domestically, leading the industry in branch count[85] - The company's corporate settlement accounts reached 13.738 million by the end of 2023, an increase of 1.455 million from the previous year[87] - The company's cash management clients totaled 202,700, with global cash management clients reaching 11,563 by the end of 2023[87] - The company led 2,711 bond underwriting deals in 2023, with a total scale of RMB 2.08 trillion[88] - The company underwrote 95 ESG bonds in 2023, totaling RMB 112.875 billion[88] - The company's bill discounting business volume reached RMB 2.716741 trillion in 2023, a year-on-year increase of 23.2%[89] - The company benefited over 10.44 million small and micro enterprises and individual businesses through fee reduction policies in 2023[86] - The company's "Smart Brain" platform enhances marketing precision for all clients, improving customer satisfaction and experience[90] - The company launched the "Lingtong Account" service brand, offering full lifecycle account services and improving penetration of basic settlement products[90] - Personal customers reached 740 million, an increase of 19.8 million from the previous year[92] - Total personal financial assets amounted to RMB 20.71 trillion, with personal deposits increasing by RMB 2.02 trillion, a growth of 13.9%[92] - Private banking clients increased to 262,900, up by 36,900, a growth of 16.3%, with managed assets reaching RMB 3.07 trillion, an increase of RMB 443.1 billion, a growth of 16.9%[93] - Bank card issuance reached 1.23 billion, an increase of 10.88 million from the previous year, with debit cards accounting for 1.077 billion and credit cards for 153 million[94] - Bank card consumption amounted to RMB 20.84 trillion, with debit card consumption at RMB 18.60 trillion and credit card consumption at RMB 2.24 trillion[94] - The "Smart Brain" strategy reached 200 million customers, directly driving customer purchases of key products worth RMB 1.87 trillion, 2.14 times the amount in 2022[95] - Intelligent asset configuration services were provided to nearly 6 million customers, driving AUM growth of over RMB 440 billion and facilitating product transactions of approximately RMB 500 billion[95] - The wealth community's fan base exceeded 39 million by the end of 2023[97] - Wealth management product balance reached 1,857.056 billion yuan at the end of 2023, with ICBC Wealth Management product balance at 1,607.477 billion yuan[100] - Insurance asset custody scale was 7.0 trillion yuan, public fund custody scale was 3.7 trillion yuan, and pension custody scale was 2.8 trillion yuan at the

Financial Performance - Net interest income for 2023 was RMB 655,013 million, a decrease of 5.6% from RMB 693,687 million in 2022[4]. - Net fee and commission income for 2023 was RMB 119,357 million, down 7.6% from RMB 129,265 million in 2022[4]. - Total operating income for 2023 was RMB 806,458 million, a decline of 4.2% compared to RMB 841,441 million in 2022[4]. - Operating profit for 2023 was RMB 416,944 million, slightly down from RMB 418,138 million in 2022[4]. - Net profit attributable to shareholders for 2023 was RMB 363,993 million, an increase of 1.4% from RMB 360,483 million in 2022[4]. - The company's net profit increased to RMB 365.1 billion, with total assets, deposits, and loans all growing by over 10%[11]. - Operating income for the year was CNY 806.458 billion, a decrease of 4.3%, with net interest income at CNY 655.013 billion, down 5.3%[15][16]. - The company achieved a net profit of CNY 365.116 billion, an increase of CNY 3.006 billion, representing a growth of 0.8%[15]. - The average return on assets (ROA) was 0.87%, and the weighted average return on equity (ROE) was 10.66%[11]. - The pre-tax profit for 2023 was RMB 421,966 million, slightly down from RMB 424,720 million in 2022[35]. Assets and Liabilities - Total assets as of the end of 2023 reached RMB 44,697,079 million, up from RMB 39,609,657 million at the end of 2022, representing an increase of 12.5%[4]. - Total liabilities increased to RMB 40,920,491 million, up from RMB 36,095,831 million in 2022, reflecting a growth of 13.5%[4]. - Total customer loans and advances amounted to RMB 26,086,482 million, an increase of 12.1% from RMB 23,212,312 million in 2022[4]. - The bank's core tier 1 capital net amount was RMB 3,381,941 million, an increase of 8.4% from RMB 3,121,080 million in 2022[4]. - Total assets reached CNY 42.409 trillion, up from CNY 37.947 trillion in the previous year[17]. - The bank's total liabilities were RMB 40,920.491 billion, reflecting an increase of RMB 48,257.64 billion, or 13.4%, year-over-year[59]. - The total equity attributable to shareholders was RMB 37,568.87 billion, up by RMB 2,607.78 billion, or 7.5%, from the previous year[65]. Loan and Credit Quality - The non-performing loan ratio decreased by 2 basis points to 1.36%, while the provision coverage ratio rose to 213.97%[11]. - The company issued RMB 2.88 trillion in new loans, representing a growth of 12.4%[11]. - The company maintained a loan-to-deposit ratio of 56.8% for net customer loans at the end of 2023[39]. - The normal loans reached RMB 25,250,275 million, accounting for 96.79% of total loans, an increase of RMB 2,812,697 million year-over-year[43]. - The NPLs increased to RMB 353,502 million, with a slight decrease in the NPL ratio by 0.02 percentage points compared to the previous year[43]. - Corporate loans constituted 61.9% of total loans, with a corporate NPL ratio of 1.81%, down 0.15 percentage points from the previous year[44]. - Personal loans accounted for 33.2% of total loans, with an NPL ratio of 0.70%, which increased by 0.10 percentage points year-over-year[44]. Income and Expenses - Non-interest income for 2023 was RMB 151.45 billion, a slight increase of RMB 1.08 billion or 0.7%, accounting for 18.8% of total operating income[29]. - Total operating expenses slightly decreased to RMB 238.70 billion, down RMB 0.65 billion or 0.3%[32]. - The company recorded an asset impairment loss of RMB 150.82 billion, a decrease of RMB 31.86 billion or 17.4% compared to the previous year[33]. - The company’s financial investments generated a net loss of RMB 23,510 million in 2023, compared to a loss of RMB 22,743 million in 2022[147]. - The income tax expense for 2023 was RMB 56,850 million, down from RMB 62,610 million in 2022, representing a decrease of about 9.0%[159]. Capital and Funding - The capital adequacy ratio stood at 19.10%, maintaining a high level of capital strength[11]. - The bank's total loss-absorbing capacity non-capital debt instruments issuance plan includes a proposal to issue up to RMB 60 billion, subject to regulatory approval[70]. - The bank's issued debt securities increased to RMB 1,369.777 billion, a rise of 51.2% compared to the previous year, mainly due to the increase in the issuance of interbank certificates and subordinated bonds[64]. - The bank plans to issue up to RMB 240 billion in secondary capital instruments, pending regulatory approval[69]. - The company has allocated RMB 2,343 million to general reserves, reflecting a commitment to strengthening its financial position[144]. Customer Growth and Digital Transformation - The company added nearly 20 million personal customers and surpassed 12 million corporate customers for the first time[12]. - Monthly active users of the mobile banking platform reached 229 million, maintaining industry leadership[15]. - The company constructed a large-scale AI model technology system, becoming a leader in the industry in digital banking capabilities[15]. - The company launched a new version of its mobile banking app, achieving a monthly active user count of 22.9 million, which is the highest in the industry[95]. - The company has deployed over 70,000 digital operation strategies in 2023, significantly boosting online sales of funds, insurance, and wealth management products to over 540 billion yuan[96]. Shareholder Information - The top 10 shareholders include the Ministry of Finance, holding 34.79% of A shares, and Hong Kong Central Clearing Limited, holding 24.17% of H shares[100]. - The company declared a cash dividend of RMB 3.064 per 10 shares for the fiscal year 2023, totaling approximately RMB 109.203 billion, maintaining a cash dividend payout ratio of 31.3%[120][121]. - The company has not conducted any share placements or issued convertible bonds during the reporting period[98]. - The company has maintained a consistent preferred share dividend rate of 4.58% for "工行优 1" and 4.20% for "工行优 2" over the past three years[115]. Risk Management - The company has implemented a comprehensive risk management system covering all institutions, customers, and products[86]. - The company is advancing the construction of an enterprise-level intelligent risk control platform to improve early risk identification and management capabilities[90]. - The bank's interest rate risk sensitivity analysis shows a net income impact of RMB (16,673) million if interest rates rise by 100 basis points[133]. - The company continues to enhance risk management in various industries, focusing on improving the quality of asset disposal and preventing risks in key areas[46].