Financial Performance - Net profit for 2021 reached RMB 303.93 billion, an increase of 11.09% compared to 2020 [25]. - Total operating income for 2021 was RMB 764.71 billion, reflecting a growth of 7.07% year-over-year [25]. - The bank's total assets amounted to RMB 30.25 trillion, an increase of 7.54% from the previous year [25]. - The non-performing loan ratio stood at 1.42%, reflecting a slight increase from the previous year [18]. - Return on equity (ROE) was reported at 12.55%, indicating a solid performance in profitability [18]. - The net interest margin (NIM) was 2.13%, showing effective management of interest income [18]. - The cost-to-income ratio improved to 27.64%, demonstrating operational efficiency [18]. - The liquidity coverage ratio was reported at 134.70%, ensuring strong liquidity position [18]. - Basic and diluted earnings per share rose to RMB 1.19, marking a 12.26% increase from the previous year [26]. - The group reported a decrease in credit impairment losses to RMB 167.95 billion, down 13.20% from the previous year [43]. Strategic Focus - The bank is focusing on three major strategies: housing rental, inclusive finance, and financial technology [7]. - The bank aims to enhance its digital operations by strengthening customer engagement and expanding user base [7]. - The bank plans to enhance its market expansion strategies and continue investing in fintech innovations [20]. - The company is committed to digital transformation and innovation, leveraging technology and data to support new strategies in housing rental, inclusive finance, and rural revitalization [34]. - The company has committed to a long-term vision of integrating technology, finance, and industry to foster a virtuous cycle [36]. Risk Management - The bank's risk management framework addresses credit risk, market risk, operational risk, liquidity risk, reputation risk, and country risk [12]. - The company emphasized the importance of risk management, implementing multi-dimensional stress tests to address risks in real estate and local government hidden debts [37]. - The company aims to strengthen its risk culture by enhancing compliance and addressing new types of risks, including environmental, technological, and data risks [34]. - The risk management framework includes a comprehensive risk management system that meets Basel III standards [188]. - The bank's efforts in risk management included the establishment of a unified risk view to enhance information sharing and collaborative risk control [193]. Digital Transformation - The bank is focusing on digital transformation and enhancing retail banking capabilities [17]. - The bank's financial technology strategy aims to enhance digital infrastructure and achieve comprehensive cloud transformation by 2025 [116]. - The company achieved a total of 1.8 million computing nodes in its big data cloud platform, significantly enhancing real-time data collection, analysis, and visualization capabilities [119]. - The company has established a unified technical foundation with 102 technical products and 96 public services to support digital operations [187]. - The digital operating model has been enhanced, focusing on user, merchant, and payment capabilities, establishing a comprehensive ecosystem for customer acquisition and engagement [183]. Corporate Social Responsibility - The bank's commitment to corporate social responsibility includes maximizing value for customers, shareholders, employees, and society [8]. - The company supported over 30,000 young students in rural practice, enhancing community engagement and development [30]. - The company integrated green development concepts into governance and management, achieving an MSCI ESG rating of A for two consecutive years [34]. - The company is actively promoting the development of affordable rental housing in line with national policy directions, providing tailored financial services for various project types [111]. International Presence - The bank's international presence includes nearly 200 overseas institutions across 31 countries and regions [7]. - The group supported 212 major "going out" projects, with a focus on key areas such as infrastructure and strategic emerging industries [40]. - The overseas commercial banking segment achieved a net profit of CNY 7.524 billion in 2021, representing a year-on-year growth of 29.28% [150]. Customer Engagement - The number of registered users on the housing rental platform reached 4 million in 2021 [20]. - The cumulative number of registered users for the "建行惠懂你" APP reached 14.43 million, with a total credit amount of CNY 9.899 trillion, an increase of CNY 550.05 billion year-on-year [113]. - The number of personal mobile banking users reached 417 million, an increase of 29.17 million users or 7.52% year-over-year [176]. - The average monthly active users for personal mobile banking stood at 149 million, with a transaction volume of 57.35 billion transactions and a transaction amount of 92.18 trillion yuan [176]. Loan and Deposit Growth - The balance of inclusive finance loans increased to RMB 1.6 trillion, showing a significant rise [21]. - The total amount of loans and advances issued by the group reached RMB 18.81 trillion at the end of 2021, an increase of RMB 2.02 trillion, or 12.04% year-on-year, primarily driven by domestic loan growth [74]. - The total deposits amounted to RMB 22,378,814 million, showing an increase from RMB 20,614,976 million in 2020 [169]. - The balance of personal loans was CNY 7.89 trillion, with a growth rate of 9.10%, including a housing loan balance of CNY 6.39 trillion [135]. Awards and Recognition - The bank received multiple awards, including the Best Large Retail Bank in China by Singapore's Asian Banker magazine [17]. - The bank's ranking in the Global 500 by Fortune magazine was 25th, highlighting its significant market presence [17].
建设银行(00939) - 2021 - 年度财报