(於中華人民共和國註冊成立的股份有限公司) (A joint stock limited company incorporated in the People's Republic of China) 股份代號 Stock Code : 1606 2024 Annual Report 年度報告 2024 Annual Report 年度報告 公司簡介 COMPANY OVERVIEW 國銀金融租賃股份有限公司成立於1984年，是國家金融監督管理總局監管的全國性非銀行金融機構，是國 家開發銀行旗下唯一的租賃業務平台，也是境內第一家上市金融租賃公司，註冊資本人民幣126.4238億元。 本集團是中國租賃行業的開創者，致力於為飛機、船舶、區域發展、普惠金融、綠色能源和高端裝備製造等 領域的優質客戶提供綜合性的租賃服務，租賃資產及業務合作夥伴已遍及全球40餘個國家和地區，且始終 保持準主權國際評級（穆迪A1、標普A及惠譽A）。自2016年上市以來，集團資產規模穩健增長，盈利水平持續 提升，不良資產率保持在1%以下，平均權益回報率(ROE)始終保持在10%以上。 集團積極踐行國有金融企業的責任擔當，堅持金融服務實體經濟 ...

截至2024年12月31日止年度之全年業績公告 國銀金融租賃股份有限公司董事會謹此宣佈本公司及其附屬公司截至2024年12月 31日止年度之經審核綜合業績，連同2023年的比較數字，請一併閱覽下文管理層 討論與分析。 * 國銀金融租賃股份有限公司(a)並非《銀行業條例》涵義內獲授權的機構；(b)未獲授權在香 港開展銀行業務╱吸收存款業務；及(c)不受香港金融管理局的監管。 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分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。 國銀金融租賃股份有限公司 * CHINA DEVELOPMENT BANK FINANCIAL LEASING CO., LTD.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1606） 1 財務摘要 1. 合併損益表概要 | （人民幣千元） | | | 截至12月31日止年度 | | | | --- | --- | --- | --- | --- | --- | | | 2024年 | 2023年 | 2022年 | 2 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion in Q3 2023, representing a 15% year-over-year growth[10]. - The company provided an optimistic outlook for Q4 2023, projecting revenue growth of 20% compared to Q3 2023[10]. - The company reported a total revenue of RMB 1.5 billion for the first half of 2024, representing a 15% increase compared to the same period in 2023[19]. - The company expects a revenue guidance of RMB 3 billion for the full year 2024, indicating a projected growth of 25% year-over-year[19]. - The operating income for the company amounted to RMB 13.617 billion, representing a year-on-year growth of 14.9%[41]. - The net profit for the company was RMB 1.881 billion, reflecting a year-on-year decrease of 4.0%[41]. - The Group achieved a net profit of RMB 1,881.3 million, representing a decrease of RMB 78.9 million or 4.0% compared to the same period last year, mainly due to increased interest expenses from the growth in financing scale and rising US dollar interest rates[46]. User Growth and Market Expansion - User data showed a 25% increase in active users, reaching 5 million by the end of Q3 2023[11]. - User data showed a growth of 20% in active users, reaching 2 million by June 30, 2024[19]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[10]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[19]. Investment and R&D - Research and development investments increased by 30%, focusing on innovative technologies and product enhancements[11]. - Research and development expenses increased by 30% to RMB 200 million, focusing on innovative technologies[19]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 500 million allocated for this purpose[10]. - A new strategic partnership was announced, expected to generate an additional 150 million in revenue over the next year[11]. Financial Stability and Capital Management - The company plans to implement new capital regulations effective January 1, 2024, to strengthen financial stability[19]. - The capital adequacy ratio as of June 30, 2024, was 11.82%, down from 12.47% at the end of 2023[35]. - The core tier-one capital adequacy ratio was 9.41% as of June 30, 2024, compared to 9.96% at the end of 2023[35]. - The Group's total equity increased by 1.1% to RMB 37,674.0 million from RMB 37,281.8 million[71]. - The Group's capital management activities focus on maintaining a reasonable capital adequacy ratio to meet regulatory requirements and support business development[174]. Asset Quality and Risk Management - The Group's non-performing asset ratio has maintained at 1% or below since its listing in 2016[3]. - The non-performing asset ratio improved to 0.48%, a decrease of 0.12 percentage points compared to the end of the previous year[41]. - The ratio of allowance to non-performing finance lease related assets was 557.48% as of June 30, 2024, significantly above the regulatory requirement of 150%[35]. - The Group's asset quality is assessed quarterly, with measures taken to mitigate risks for projects with overdue rent and significant risks[140]. - The Group has implemented strict principles in industry and customer selection to control risks at the source, enhancing overall credit risk management[145]. Sustainability and Green Initiatives - The Group is committed to supporting the national "dual carbon" goal through its green energy and high-end equipment leasing business[4]. - The board of directors emphasized the importance of sustainability initiatives, planning to invest 100 million in green technologies[11]. - The investment in green energy and high-end equipment leasing was enhanced, focusing on wind power and photovoltaic markets, with better-than-expected scale and efficiency[42]. - The total installed capacity of the Group's renewable energy power stations reached 10.31 GW, including 4.55 GW of wind power and 5.66 GW of solar power[129]. Corporate Governance and Compliance - The governance structure has been optimized to enhance decision-making and supervision mechanisms, ensuring compliance with relevant laws and regulations[191]. - The Company has adhered to all applicable provisions of the Corporate Governance Code during the reporting period[192]. - The Group actively implemented regulatory policies and improved corporate governance to enhance service quality and efficiency for the real economy[186]. Employee and Organizational Development - As of June 30, 2024, the Group had a total of 579 full-time employees, with a gender ratio of 57.2% male and 42.8% female[180]. - Approximately 92.4% of the employees hold bachelor's degrees or above, indicating a highly educated workforce[180]. - In the first half of 2024, the Group organized 56 training sessions, of which 35 focused on enhancing professional skills[181]. Consumer Rights and Reputation Management - The Group launched a One-month Promotion Campaign for Protecting Customers' Rights and Interests, enhancing consumer rights protection through various educational activities[184]. - The establishment of the social responsibility and consumer rights protection committee aims to improve decision-making and strengthen consumer rights protection[185]. - The Group's consumer rights protection efforts include optimizing service processes and responding to customer complaints in a timely manner[184].

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 國銀金融租賃股份有限公司 * CHINA DEVELOPMENT BANK FINANCIAL LEASING CO., LTD.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1606） 截至2024年6月30日止六個月之中期業績公告 國銀金融租賃股份有限公司董事會謹此宣佈本公司及其附屬公司截至2024年6月 30日止六個月之未經審核簡明綜合中期業績，連同2023年同期的比較數字，請一 併閱覽下文管理層討論與分析。 * 國銀金融租賃股份有限公司(a)並非《銀行業條例》涵義內獲授權的機構；(b)未獲授權在香 港開展銀行業務╱吸收存款業務；及(c)不受香港金融管理局的監管。 財務摘要 1 簡明合併損益表概要 | --- | --- | --- | --- | |--------------------------------------------|---------------------- ...

Financial Performance - Since its listing in 2016, the Group's asset scale has continued to grow, with a non-performing asset ratio maintained at 1% or below and an average return on equity (ROE) over 10%[4] - The average ROE has consistently remained above 10% since the company's listing[4] - Profit for the year was RMB 4,150,149 thousand, a 23.8% increase compared to RMB 3,351,073 thousand in 2022[21] - Total assets amounted to RMB 409,694,903 thousand, up from RMB 354,717,247 thousand in 2022[25] - The return on average equity improved to 11.60% in 2023 from 10.41% in 2022[29] - The net profit margin increased to 18.04% in 2023, up from 14.72% in 2022[29] - The average total assets of the Group showed a year-on-year increase, contributing to improved financial ratios[31] - The Group's total revenue and other income for 2023 reached RMB 26,655.4 million, with aircraft leasing contributing RMB 10,189.7 million, representing 38.2% of total revenue[110] - The profit before income tax for the aircraft leasing segment was RMB 365.1 million in 2023, a significant recovery from a loss of RMB 1,713.0 million in 2022[111] Asset Management - The Group's total assets reached RMB 409.695 billion at the end of 2023, with a net profit of RMB 4.150 billion, marking a historical high[42] - The non-performing asset ratio was reduced to 0.60%, maintaining a leading position in the industry for asset quality management[44] - The Group's focus on technology finance, green finance, inclusive finance, pension finance, and digital finance has strengthened its service to the real economy[38] - The Group's risk management and loss recovery efforts have improved, ensuring the value and safety of leased assets[44] - The Group's financial performance and regulatory compliance indicators reflect a strong position in the market[34] Strategic Initiatives - The Group aims to maintain steady development and industry-leading advantages while building a "world-class financial leasing company"[4] - The Group emphasizes a strategic positioning of "marketization, professionalization, internationalization, and digitization" for future growth[4] - The Group actively supports the national "dual carbon" goal through its green energy and high-end equipment leasing business[4] - New investments in seven key strategic areas exceeded RMB 70 billion, accounting for over 70% of total investments, focusing on regions like Guangdong, Hong Kong, Macao, and the Yangtze River Economic Belt[43] - The Group's new investment in green energy surpassed RMB 15 billion throughout the year, aligning with the "dual carbon" strategic deployment[43] Corporate Governance - The company emphasizes its commitment to corporate governance through the establishment of various committees to oversee strategic and operational risks[10] - The company has undergone significant board changes, including the resignation of several directors and the appointment of new members to various committees[10] - The company appointed Mr. Jing Tao as President, Executive Director, and Vice Chairman effective November 21, 2023, with additional roles in various committees[1] - Mr. Li Hai Jian was approved as an Independent Non-Executive Director and Chairman of the Remuneration Committee on August 23, 2023[7] - The company appointed BDO Limited as its new auditors after Ernst & Young retired due to the expiry of their service term[15] Market Expansion - The Group has established leasing assets and business partners in over 40 countries and regions worldwide[4] - The company continues to expand its market presence, with a focus on strategic decision-making and risk management through its newly structured board committees[11] - Airbus expects to increase production rates to 75 aircraft per month by 2025, indicating a strategic expansion in manufacturing capacity[17] - The company plans to expand its market presence in Asia, targeting a 25% increase in sales in the region over the next three years[17] Sustainability and Innovation - The Group received multiple awards in 2023, including the "Annual Sustainable Financial Transaction Award" for the world's first sustainability-linked syndicated loan program[35] - The Group's strategic focus on sustainability and innovation has been acknowledged through various industry awards in 2023[35] - Airbus is committed to achieving net-zero carbon emissions by 2050, aligning with global sustainability goals[17] - The total installed capacity for green energy and high-end equipment leasing reached 8.57 GW by the end of 2023, in line with the dual-carbon strategy[53] Financial Ratios and Compliance - The core tier-one capital adequacy ratio as of December 31, 2023, was 9.96%, exceeding the regulatory requirement of 7.5%[34] - The total capital adequacy ratio was 12.47% as of December 31, 2023, above the regulatory minimum of 10.5%[34] - The ratio of allowance to non-performing finance lease related assets was 547.72% as of December 31, 2023, significantly higher than the regulatory requirement of 150%[34] - The Group's financial assets at fair value through other comprehensive income rose to RMB 3,001.2 million, an increase of RMB 1,536.2 million, or 104.9% compared to the previous year[82] Risk Management - The Group maintained a "prudent" risk appetite for credit risk in 2023, focusing on strengthening risk analysis and control[155] - The Group's risk management capabilities have been maintained at a relatively good level, with ongoing efforts to optimize asset quality and mitigate risks[164] - The Group has implemented an Expected Credit Loss (ECL) model to assess credit risk changes in finance lease related assets[165] - The Group's liquidity risk management aims to maintain sufficient liquidity reserves to meet repayment needs and business development[183] Operational Highlights - The average utilization rate of the time charter fleet in ship leasing reached 99.7%, significantly higher than the market average[53] - The Group's vehicle leasing business saw new investments of approximately RMB 16.5 billion, with over 120,000 vehicles added, benefiting more than 90,000 end customers[140] - The Group completed the delivery of 18 new vessels in 2023 and sold 5 operating lease vessels through market channels[134] - The Group's ship leasing segment achieved new investments of RMB 8,001.3 million in 2023, despite a revenue decline of RMB 1,200.7 million, or 17.0%, totaling RMB 5,858.2 million[137][138]

Financial Performance - Total revenue for 2023 reached RMB 23,005.9 million, a 1.1% increase from RMB 22,764.3 million in 2022[2] - Net profit for 2023 was RMB 4,150.1 million, up 23.8% from RMB 3,351.1 million in 2022[2] - Operating income reached RMB 266.55 billion, a year-on-year increase of 6.4%[19] - Annual profit reached RMB 41.50 billion, a year-on-year increase of 23.8%[19] - The company achieved a total revenue of RMB 23,005.9 million in 2023, an increase of RMB 241.6 million, or 1.1%, compared to the previous year, primarily due to the growth in leasing asset scale[25] - The company's annual profit reached RMB 4,150.1 million in 2023, an increase of RMB 799.0 million, or 23.8%, compared to the previous year, driven by the growth in leasing asset scale and a decrease in impairment losses[23] - The company's total income and other revenues amounted to RMB 26,655.4 million in 2023, an increase of RMB 1,601.9 million, or 6.4%, compared to the previous year[23] - Net profit for the year 2023 was RMB 4,150.1 million, with a proposed final dividend of RMB 0.9848 per 10 shares[125] - Total revenue for 2023 increased to RMB 23,005.9 million, up from RMB 22,764.3 million in 2022[127] - Annual profit for 2023 was RMB 4,150,149 thousand, compared to RMB 3,351,073 thousand in 2022[131] - Total comprehensive income for 2023 was RMB 4,003,717 thousand, compared to RMB 5,353,317 thousand in 2022[131] - The company's basic earnings per share (EPS) increased to RMB 0.33 in 2023, up from RMB 0.27 in 2022, reflecting a growth of 22.2%[145] Revenue Breakdown - Financing lease income accounted for 39.9% of total revenue in 2023, down 1.2 percentage points year-over-year[3] - Operating lease income accounted for 46.4% of total revenue in 2023, down 3.4 percentage points year-over-year[3] - Total financing lease income in 2023 was RMB 10,644.2 million, accounting for 46.3% of total revenue, an increase of 3.5% YoY[26] - Aircraft leasing financing income remained flat at RMB 5.9 million in 2023[27] - Regional development leasing financing income decreased by 9.1% to RMB 5,853.4 million in 2023[27] - Ship leasing financing income increased by 36.3% to RMB 895.4 million in 2023[28] - Inclusive finance financing income grew by 14.7% to RMB 1,773.1 million in 2023[28] - Green energy and high-end equipment leasing financing income rose by 29.1% to RMB 2,116.4 million in 2023[28] - Total operating lease income in 2023 was RMB 12,361.7 million, a slight decrease of 0.9% YoY[29] - Aircraft leasing operating income increased by 16.7% to RMB 8,201.0 million in 2023[30] - Ship leasing operating income decreased by 27.7% to RMB 3,846.9 million in 2023[30] - Financing lease income for 2023 was RMB 10,644.2 million, compared to RMB 10,288.6 million in 2022[127] - Operating lease income for 2023 was RMB 12,361.7 million, slightly down from RMB 12,475.7 million in 2022[127] - Aircraft leasing division revenue increased to 8,206,884 in 2023, up from 7,030,739 in 2022[175][176] - Regional development leasing division revenue decreased to 5,974,620 in 2023 from 6,569,489 in 2022[175][176] - Ship leasing division revenue decreased to 4,742,230 in 2023 from 5,977,347 in 2022[175][176] - Inclusive finance division revenue increased to 1,915,687 in 2023 from 1,545,935 in 2022[175][176] - Green energy and high-end equipment leasing division revenue increased to 2,166,478 in 2023 from 1,640,826 in 2022[175][176] - Total group revenue increased to 23,005,899 in 2023 from 22,764,336 in 2022[175][176] Asset and Liability Management - Total assets increased to RMB 409,694.9 million in 2023, up 15.5% from RMB 354,717.2 million in 2022[6] - Receivables from financing leases accounted for 47.6% of total assets in 2023, down 6.9 percentage points from 2022[7] - Total assets reached RMB 4,096.95 billion, a year-on-year increase of 15.5%[19] - Total assets as of December 31, 2023, were RMB 409,694.9 million, up from RMB 354,717.2 million in 2022[129] - Total liabilities as of December 31, 2023, were RMB 372,413.1 million, compared to RMB 320,433.8 million in 2022[129] - Equity attributable to the company's owners as of December 31, 2023, was RMB 37,281.8 million, up from RMB 34,283.4 million in 2022[130] - Cash and bank balances as of December 31, 2023, were RMB 69,440.3 million, significantly higher than RMB 29,760.7 million in 2022[129] - Borrowings as of December 31, 2023, increased to RMB 295,875.4 million from RMB 246,882.7 million in 2022[129] - Total equity increased to RMB 37,281,840 thousand in 2023, up from RMB 34,283,445 thousand in 2022[131] - Total group assets increased to 409,694,903 in 2023 from 354,717,247 in 2022[175][176] - Total group liabilities increased to 372,413,063 in 2023 from 320,433,802 in 2022[175][176] Profitability Metrics - Average return on total assets improved to 1.09% in 2023, up 0.13 percentage points from 2022[12] - Average return on equity increased to 11.60% in 2023, up 1.19 percentage points from 2022[12] - Average return on equity (ROE) was 11.60%, and average return on total assets (ROA) was 1.09%, indicating improved profitability[19] - The pre-tax return on assets for inclusive finance improved to 3.91% from 1.96% in 2022[60] Risk Management - Non-performing asset ratio at year-end was 0.60%, consistently maintained below 1% since listing, reflecting stable asset quality[19] - Provision coverage ratio for non-performing assets related to financial leasing was 547.72%, demonstrating strong risk mitigation capability[19] - Core Tier 1 capital adequacy ratio was 9.96%, exceeding the regulatory requirement of ≥7.5%[13] - Capital adequacy ratio was 12.47%, exceeding the regulatory requirement of ≥10.5%[13] - The company's non-performing asset ratio was 0.60% at the end of 2023, consistently maintained below 1% since its listing, demonstrating effective risk management[21] - The company's financing lease-related non-performing assets as of December 31, 2023, were RMB 1,649.4 million, an increase of RMB 154.4 million from the previous year, with a financing lease NPA ratio of 0.81%, up by 0.08 percentage points[87][88] - The company's total assets under the five-tier asset quality classification as of December 31, 2023, were RMB 426,979.2 million, with normal assets accounting for RMB 266,013.0 million and non-performing assets (substandard, doubtful, and loss) totaling RMB 2,564.4 million[85] - The company's financing lease-related assets under the five-tier asset quality classification as of December 31, 2023, were RMB 204,672.0 million, with normal assets accounting for RMB 191,074.2 million and non-performing assets (substandard and loss) totaling RMB 1,649.4 million[87] - The total financing lease-related assets of the company amounted to RMB 204,672.0 million, with normal assets accounting for RMB 191,074.2 million (93.4%) and non-performing assets totaling RMB 1,649.4 million (0.81%)[89] - The non-performing asset ratio for the regional development leasing segment increased to 1.44%, while the green energy and high-end equipment leasing segment saw a decrease to 0.14%[89] - The company's financing lease-related assets are categorized into three stages based on credit risk, with Stage 1 assets at RMB 167,935.1 million, Stage 2 at RMB 35,087.5 million, and Stage 3 at RMB 1,649.4 million[91] - The impairment provision for financing lease-related assets increased to RMB 9,033.9 million in 2023, up from RMB 8,567.4 million in 2022[91][92] - The company's overdue financing lease receivables decreased to RMB 1,365.9 million in 2023 from RMB 1,573.0 million in 2022[93] - The single customer financing concentration ratio increased to 11.85% in 2023, while the single group customer financing concentration ratio decreased to 12.23%[95] - The top 10 customers accounted for RMB 30,637.4 million of financing lease-related assets, representing 14.97% of the total[96] - The regional development leasing segment accounted for 52.4% of the total financing lease receivables, while the green energy and high-end equipment leasing segment increased to 27.5% in 2023[97] - The company maintains a "steady" risk preference for market risk in 2023, focusing on interest rate and exchange rate risks[98] - The company actively manages interest rate risk through duration matching of RMB assets and liabilities, and uses interest rate swaps to hedge against USD floating rate liabilities[100] - The company has no significant USD to RMB foreign exchange risk exposure affecting future profits as of the end of 2023, effectively managing exchange rate risks through hedging tools[101] - The company holds RMB 12,642.0 million in interbank borrowing limits and raised RMB 370,533.3 million in funds (including reverse repos) in 2023 to manage liquidity risk[102] - The company's operational risk loss rate was 0.023% in 2023, with no major operational risk events reported[103] - The company completed the launch of core leasing systems and optimized systems for inclusive finance and passenger vehicles in 2023, with no major information technology risk incidents[105] - The company's core tier 1 capital adequacy ratio, tier 1 capital adequacy ratio, and capital adequacy ratio were 9.96%, 9.96%, and 12.47% respectively as of December 31, 2023[111][112] - Capital adequacy ratio reached 12.47%, exceeding the regulatory requirement of 10.5%[118] - Core tier 1 capital adequacy ratio stood at 9.96%, above the regulatory minimum of 7.5%[118] - Provision coverage ratio for finance lease-related non-performing assets was 547.72%, significantly higher than the 150% requirement[118] - Single customer financing concentration ratio was 11.85%, well below the 30% regulatory limit[118] - Interbank borrowing ratio was 27.13%, comfortably under the 100% regulatory ceiling[118] - Fixed-income investment ratio was 6.51%, below the 20% regulatory cap[118] Business Segments - The company's aircraft leasing business secured insurance compensation of approximately RMB 1.562 billion for aircraft stranded in Russia[20] - The company's ship leasing business achieved an average utilization rate of 99.7% for its time-chartered fleet in 2023, significantly higher than the market average[20] - The company's regional development leasing business focused on seven key regions, with new investments in these regions accounting for over 70% of total new investments[20] - The company's green energy and high-end equipment leasing business reached a total installed capacity of 8.57 GW by the end of 2023, focusing on distributed photovoltaic, thermal, and energy storage sectors[20] - The company's fleet consists of 380 aircraft, including 293 owned and 87 on order, with a weighted average age of 5.1 years and a remaining weighted average lease term of 7.5 years for owned aircraft[62] - Narrow-body aircraft account for 77% of the company's fleet by value, while wide-body aircraft make up 19%, and cargo and regional aircraft account for 4%[62] - The company has committed to purchasing 79 narrow-body aircraft directly from manufacturers, with 35 from Boeing and 44 from Airbus, scheduled for delivery between 2024 and 2027[62] - The company has non-binding purchase rights for an additional 100 aircraft, including 20 ARJ21, 50 C919, and 30 MA700 aircraft[64] - The company's aircraft leasing revenue is distributed across regions, with China contributing 25.9%, Asia-Pacific (excluding China) 27.2%, Europe 21.4%, and the Americas 19.0%[67] - The company's fleet utilization rate for owned aircraft under operating leases was 93.6%, impacted by aircraft stranded in Russia and the bankruptcy of Go First Airlines in India[66] - The company received insurance compensation of RMB 1,562 million for 5 aircraft previously leased to Russian airlines[66] - Airbus accounted for 72.3% of the total aircraft value by manufacturer as of December 31, 2023, while Boeing accounted for 26.3%[68] - The company's regional development leasing segment achieved new placements of RMB 31,736.6 million in 2023, with over RMB 13 billion allocated to key regions such as Beijing-Tianjin-Hebei, Yangtze River Economic Belt, and Guangdong-Hong Kong-Macao Greater Bay Area, accounting for over 40% of the segment's total placements[69] - The regional development leasing segment's total assets decreased by 0.8% to RMB 130,008.2 million as of December 31, 2023, with a 7.7% decrease in revenue and other income to RMB 6,318.6 million[69] - The company's ship leasing segment achieved new placements of RMB 8,001.3 million in 2023, with an average utilization rate of 99.7% for the time-chartered fleet, significantly higher than the market average[70] - As of December 31, 2023, the company operated a total of 228 ships, with an average age of 6.4 years, including 163 bulk carriers, 38 product tankers, 17 container ships, 9 LNG carriers, and 1 passenger cruise ship[70] - The ship leasing segment's total assets increased by 26.4% to RMB 62,783.9 million as of December 31, 2023, with a 17.0% decrease in revenue and other income to RMB 5,858.2 million[71] - The ship leasing segment's pre-tax profit decreased by 61.2% to RMB 1,114.0 million in 2023, primarily due to a decline in BDI index and increased USD financing costs[71] - The company's inclusive finance sector achieved a new investment of RMB 21,411.4 million in 2023, with total assets reaching RMB 36,041.9 million, a 1.1% increase year-on-year[72] - The inclusive finance sector generated income and other gains of RMB 2,006.3 million, a 24.2% increase from the previous year, with pre-tax profits surging 104.3% to RMB 1,400.0 million[72] - The vehicle leasing business added new investments of approximately RMB 16.5 billion in 2023, with over 120,000 new vehicles leased, benefiting more than 90,000 end customers[73] - The vehicle leasing business assets reached RMB 19,939.9 million, a 34.8% increase from the previous year, accounting for 55.3% of the inclusive finance sector's total assets[74] - The engineering machinery leasing business added new investments of approximately RMB 4.9 billion in 2023, with nearly 9,000 new equipment leased, benefiting over 500 end customers[75] - The green energy and high-end equipment leasing sector achieved new investments of RMB 23,316.8 million in 2023, with total assets reaching RMB 69,750.6 million, a 61.7% increase year-on-year[77] - The green energy leasing business accounted for 61.9% of the total assets in the green energy and high-end equipment leasing sector, with assets valued at RMB 43,172.0 million[78] Cash Flow and Investments - Net cash flow from operating activities in 2023 was RMB 66,826,387 thousand, a significant increase from RMB 16,999,807 thousand in 2022[132] - Cash and cash equivalents at the end of 2023 stood at RMB 48,856,794 thousand, up from RMB 24,660,800 thousand in 2022[133] - Net cash used in investing activities in 2023 was RMB 35,322,381 thousand, compared to RMB 8,789,253 thousand in 2022[133] - Net cash used in financing activities in 2023 was RMB 7,488,494 thousand, down from RMB 14,466,459 thousand in 2022[133] - Dividends paid in

智通财经APP获悉，国银金租(01606)涨近4%，创阶段新高，截至发稿，涨3.95%，报1.84港元，成交额 1005万港元。 消息面上，2月5日，《金融租赁公司管理办法(征求意见稿)》(下称《征求意见稿》)公开征求意见截 止。在根据各界反馈意见做进一步的修改完善后，国家金融监督管理总局(下称"金融监管总局")将对其 适时发布。 根据《征求意见稿》，未来设立金融租赁公司的主要发起人准入标准大幅提高了10倍：主要发起人是商 业银行的，总资产不低于8000亿元(原规定800亿元);主要出资人是大型企业的，营业收入不低于500亿元 (原规定50亿元)。 国泰君安综合金融分析师刘欣琦表示，大幅提升金融租赁公司主要发起人的准入门槛，未来牌照获取难 度加大。 ...

Company Overview - The registered capital of China Development Bank Financial Leasing Co., Ltd. is RMB 12.64238 billion[3]. - The company was established in 1984 and converted into a joint stock limited company on September 28, 2015, with H Shares listed on the Hong Kong Stock Exchange under stock code 1606[14]. - The company is headquartered at CDB Financial Center, No. 2003 Fuzhong Third Road, Futian District, Shenzhen, Guangdong Province, PRC[13]. - The controlling shareholder, China Development Bank, holds a 64.40% equity interest in the company[14]. - The company is subject to the regulations of the National Administration of Financial Regulation (NAFR) in China[14]. - The company’s main business activities are focused on financial leasing services[14]. - The company’s website is http://www.cdb-leasing.com[13]. Financial Performance - Total revenue for the reporting period was RMB 10,806,950 thousand, compared to RMB 11,559,902 thousand in the prior year, indicating a decrease of 6.5%[18]. - Profit for the reporting period was RMB 1,960,248 thousand, slightly up from RMB 1,949,716 thousand in the same period last year, showing a marginal increase of 0.1%[18]. - Basic and diluted earnings per share for the reporting period were RMB 0.16, compared to RMB 0.15 in the previous year, marking an increase of 6.7%[18]. - The Group's profitability has steadily improved, reflecting its strong asset quality and professional management[4]. - Operating income reached RMB 11.847 billion, representing a year-on-year decrease of 4.7%[37]. - Net profit reached RMB 1.960 billion, representing a year-on-year increase of 0.5%[37]. - The Group's capital adequacy ratio was 12.33% and the core tier-one capital adequacy ratio was 9.75% as of June 30, 2023[41]. Asset Quality and Management - The Group's asset scale has continued to grow since its listing in 2016, with a non-performing asset ratio maintained at 1% or below[3]. - The non-performing asset ratio was 0.78% as of June 30, 2023, remaining below 1% since listing, indicating stable asset quality[41]. - The ratio of allowance to non-performing finance lease related assets was 491.85%, significantly exceeding the regulatory requirement of 150%[30]. - Impairment losses significantly decreased to RMB (465,034) thousand from RMB (2,312,100) thousand in the previous year, a reduction of 80.0%[18]. - The Group's allowance for impairment losses on finance lease receivables increased by 5.3% to RMB 8,989.6 million as of June 30, 2023, compared to RMB 8,538.6 million at the end of 2022[76]. Business Segments - The Group's inclusive finance business provides support to small and micro-sized enterprises, promoting the development of construction machinery and vehicle leasing[4]. - The Group focused on supporting the green economy, advanced manufacturing, and strategic emerging industries to enhance service to the real economy[35]. - The Group's regional development leasing segment achieved new investments of RMB 22,263.7 million in the first half of 2023[117]. - The Group's investment in the Yangtze River Economic Belt region amounted to RMB 11,953.7 million in the first half of 2023, with an asset balance of RMB 55,632.7 million as of June 30, 2023[117]. - The Group's green energy and high-end equipment leasing segment achieved new business investment of RMB 10,288.2 million in the first half of 2023[131]. Strategic Focus and Future Plans - The Group aims to achieve effective improvement in "quality" and reasonable growth in "quantity" in the future[5]. - The Group is committed to a development strategy focused on marketization, professionalization, internationalization, and digitization[5]. - The Group will continue to uphold the concept of "seeking progress amidst stability" and optimize its business layout in the second half of 2023[184]. - The company plans to strengthen market, policy, and industry analysis to effectively respond to changing development environments in the leasing sector[184]. Corporate Governance - The Company held one Shareholders' general meeting on June 28, 2023, to approve the 2022 annual report, profit distribution plan, and financial budget for 2023[190]. - The roles of chairman and chief executive are separated, with Mr. Jin Tao appointed as president pending regulatory approval[187]. - The Company has adopted the Corporate Governance Code as its own code of corporate governance to enhance corporate value and accountability[186]. - The Company has proposed to nominate two executive Director candidates, two non-executive Director candidates, and three independent non-executive Director candidates for the third session of the Board of Directors[187]. Risk Management - The Group's risk management framework emphasizes a comprehensive approach with a "three layers of defense" strategy to mitigate various risks[139]. - The Group actively promotes a risk culture where everyone is responsible for risk control, aiming for a balance between risks and benefits[138]. - The Group's risk management system has been optimized, enhancing the identification and measurement of credit risks and improving the overall risk management level[141]. - The Group's liquidity risk management strategy includes maintaining moderate liquidity reserves and sufficient funding resources to meet repayment needs and business development[166]. Market Environment - The global economy is projected to grow by 3.0% in both 2023 and 2024, with the 2023 growth expectation revised upward from the April forecast[184]. - The leasing industry is expected to play a significant role in supporting the transformation and upgrading of the manufacturing sector under the "double carbon" strategy[184]. - The Chinese government aims to enhance domestic demand and prevent risks, focusing on quality improvement and reasonable growth in the second half of 2023[184].

Financial Performance - For the six months ended June 30, 2023, the financing lease income was RMB 5,296,753, an increase of 3.2% compared to RMB 5,134,619 for the same period in 2022[2]. - Total operating income for the same period was RMB 5,510,197, down 14.2% from RMB 6,425,283 in the previous year[2]. - The net profit before tax for the period was RMB 2,633,206, slightly down from RMB 2,668,206 in the same period last year[2]. - Total revenue for the first half of 2023 was RMB 10,807.0 million, a decrease of 6.5% compared to RMB 11,559.9 million in the same period of 2022[26]. - Net profit was RMB 1,960.2 million, reflecting a growth of 0.5% year-on-year[24]. - The company reported a pre-tax profit of RMB 2,633,206 thousand for the six months ended June 30, 2023, slightly down from RMB 2,668,206 thousand in the same period of 2022[161]. - The company’s retained earnings increased to RMB 12,181,477 thousand from RMB 11,226,551 thousand at the end of 2022[147]. - Basic and diluted earnings per share increased to RMB 0.16, compared to RMB 0.15 for the same period in 2022[142]. Assets and Liabilities - The total assets as of June 30, 2023, amounted to RMB 363,986,061, an increase from RMB 354,717,247 at the end of 2022[6]. - The total liabilities increased to RMB 328,382,352 from RMB 320,433,802 at the end of 2022[6]. - The net asset value per share increased to RMB 2.82 from RMB 2.71 at the end of 2022[6]. - Total assets reached RMB 363.986 billion, an increase of 2.6% compared to the end of the previous year[20]. - Accounts receivable decreased by 37.8% to RMB 2,168.2 million as of June 30, 2023, down from RMB 3,487.7 million at the end of 2022[46]. - The net amount of receivables from financing leases increased by 4.5% to RMB 202,132.4 million as of June 30, 2023, compared to RMB 193,494.3 million at the end of 2022[47]. - Other assets increased by 5.1% to RMB 4,289.7 million as of June 30, 2023, compared to RMB 4,082.6 million at the end of the previous year[53]. - The total amount of secured and unsecured bonds was RMB 35,884,204 thousand, a decrease from RMB 36,872,054 thousand as of December 31, 2022, representing a reduction of approximately 2.9%[184]. Revenue Streams - Financing lease income amounted to RMB 5,296.8 million, representing 49.0% of total revenue, with a growth of 3.2% year-on-year[27]. - Operating lease income was RMB 5,510.2 million, accounting for 51.0% of total revenue, down 14.2% from RMB 6,425.3 million in the previous year[30]. - The total revenue from the green energy and high-end equipment leasing segment was RMB 960,924 thousand for the six months ended June 30, 2023, compared to RMB 739,740 thousand in the same period of 2022, reflecting an increase of approximately 29.83%[190]. Investment and Business Segments - In the first half of 2023, the company achieved a leasing business investment of RMB 54,569.9 million[19]. - The company signed 19 aircraft order letters and sold 5 old aircraft, optimizing fleet structure[21]. - The company plans to continue expanding its financing lease assets, particularly in green energy and high-end equipment sectors, which saw a revenue increase of 29.9%[29]. - The company operates five business segments: Aircraft Leasing, Regional Development Leasing, Ship Leasing, Inclusive Finance, and Green Energy & High-end Equipment Leasing[188]. Risk Management - The group has implemented a comprehensive risk management system, enhancing risk analysis and control, and improving the forward-looking and proactive nature of risk management[91]. - The group maintains a prudent risk preference strategy, favoring industries with mature business models and high asset quality[90]. - The group has strengthened its digital risk management capabilities and improved its expected credit loss model to enhance credit risk identification and measurement[91]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder rights and enhance corporate value[130]. - The audit committee consists of four members, including three independent non-executive directors, ensuring good corporate governance practices[136]. - The company has independent non-executive directors to ensure effective oversight and governance[196]. Future Outlook - The company plans to strengthen asset-liability management and enhance internal control compliance and risk prevention capabilities in the second half of 2023[129]. - The company aims to align with China's "dual carbon" goals, targeting peak carbon emissions by 2030 and carbon neutrality by 2060[196]. - The company emphasizes the importance of focusing on core leasing business and seeking new growth points to accelerate industry transformation[129].

Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 10 billion, representing a year-over-year growth of 15%[11]. - Total revenue for 2022 was RMB 22,764,336 thousand, representing a year-on-year increase of 6.6% from RMB 21,363,795 thousand[16]. - Operating income reached RMB 25.053 billion, representing a year-on-year increase of 7.5%[42]. - The annual profit for the year was RMB 3,351.1 million, a decrease of RMB 571.1 million or 14.6% year-on-year, primarily due to the full impairment of aircraft stranded in Russia[47]. - Profit for the year decreased to RMB 3,351,073 thousand, down 14.5% from RMB 3,922,212 thousand in 2021[16]. - Basic and diluted earnings per share were RMB 0.27, a decrease from RMB 0.31 in the previous year[16]. - The profit before income tax decreased to RMB 4,958.0 million, down RMB 577.6 million or 10.4% from the previous year, primarily due to increased impairment losses[68]. Asset Management - As of December 31, 2022, total assets amounted to RMB 354,717.25 million, an increase from RMB 341,837.63 million in 2021; cash and bank balances decreased to RMB 29,760.73 million from RMB 36,833.08 million[20]. - The total assets of the company reached RMB 354.717 billion, with a net profit of RMB 3.351 billion, reflecting a return on assets (ROA) of 0.96% and a return on equity (ROE) of 10.41%[31]. - Finance lease receivables represented 54.5% of total assets, a decrease of 1.3 percentage points compared to the end of 2021; property and equipment accounted for 30.0%, an increase of 2.8 percentage points[21]. - The total assets of the aircraft leasing segment reached RMB 93,375 million as of December 31, 2022, reflecting a growth of 10.7% year-over-year[105]. Liabilities and Capital Structure - As of December 31, 2022, borrowings accounted for 77.0% of total liabilities, an increase of 1.3 percentage points from 2021; bonds payable accounted for 11.5%, a decrease of 3.0 percentage points[22]. - Total liabilities increased to RMB 320,433.8 million, up 2.8% from RMB 311,730.9 million in the previous year[73]. - The gearing ratio was 7.75 times in 2022, down from 8.47 times in 2021, indicating improved financial leverage[24]. - The core tier-one capital adequacy ratio was reported at 9.86%, exceeding the regulatory requirement of ≥7.5%[29]. - The capital adequacy ratio was 12.46%, surpassing the minimum requirement of ≥10.5%[29]. Risk Management - The Group maintained a non-performing asset ratio of below 1% through effective credit risk management and diversification of its leasing asset portfolio[140]. - The Group's risk management framework includes a three-layer defense system to enhance communication and coordination in risk control[139]. - The Group actively monitors financing concentration risks, with the largest single group client financing lease balance accounting for 14.38% of net capital as of December 31, 2022[159]. - The Group's comprehensive risk management system aims to balance risks and benefits while enhancing overall value[139]. Business Strategy and Development - The Group aims for effective improvement in "quality" and reasonable growth in "quantity" in its future development strategy[3]. - The Group is committed to the development goals of "marketization, professionalization, internationalization, and digitization"[3]. - The company aims to continue its high-quality development strategy in 2023, focusing on professional, market-oriented, international, and digital strategies[32]. - The Group focused on strategic emerging industries, green development, and inclusive finance to enhance service effectiveness[41]. Corporate Governance - The company has a diverse board with members holding significant experience in finance, engineering, and corporate governance[193][194]. - The independent directors play a crucial role in ensuring transparency and accountability within the company's operations[194]. - The board's composition reflects a commitment to strong governance and expertise in relevant industries[193][194]. - The company is committed to maintaining high standards of corporate governance through the expertise of its independent directors[195][196]. Market Presence and Expansion - The Group has expanded its leasing assets and business partners to over 40 countries and regions worldwide[3]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of the year[11]. - The Group's aircraft leasing business covers 67 lessees across 39 countries and regions[106]. - The Group's leasing support for "carbon peak and neutrality" initiatives saw a year-on-year increase in investment[43]. Awards and Recognition - The company received multiple awards in 2022, including the "Asia-Pacific Region Annual Financing Project" and "Annual Transaction" at the Airline Economics Annual Conference[30]. - In December 2022, the company was recognized as a "High-Quality Development Leading Enterprise" at the Global Leasing Industry Competitiveness Forum[30]. - The Group received an A grade in the MSCI ESG rating, indicating upper-middle level performance in the industry[45].