Bank Of Chongqing(601963)2023-03-30 16:00Financial Performance - The audited net profit for 2022 was CNY 4.687 billion, with a proposed cash dividend of CNY 0.395 per share[6]. - Net profit for 2022 was RMB 5,116,525 thousand, representing a growth of 5.30% compared to 2021[22]. - Interest income for 2022 was RMB 27,533,983 thousand, a slight increase of 0.45% compared to 2021[22]. - Net interest income decreased by 6.80% to RMB 10,808,258 thousand in 2022[22]. - The bank's liquidity ratio improved significantly to 128.95%, up from 86.36% in the previous year[24]. - The average return on total assets decreased to 0.78%, down from 0.82% in 2021[24]. - The weighted average return on equity fell to 10.20%, compared to 10.99% in 2021[24]. - The bank's total operating income for corporate banking was CNY 8.83 billion, with a pre-tax profit of CNY 4.15 billion[102]. Asset and Liability Management - The total assets of the group reached CNY 684.713 billion, with total deposits of CNY 382.594 billion and total loans of CNY 352.573 billion[8]. - Total liabilities amounted to RMB 633,217,086 thousand, an increase of 11.15% year-on-year[23]. - The bank's equity attributable to shareholders rose by 4.36% to RMB 49,336,512 thousand[23]. - The total amount of customer deposits was RMB 382.59 billion, accounting for 60.42% of total liabilities[82]. - The total amount of overdue loans was CNY 10.42 billion, an increase of CNY 1.97 billion from the previous year[98]. Loan Quality and Risk Management - The non-performing loan ratio stood at 1.38%, with a provision coverage ratio of 211.19%[8]. - The bank's non-performing loan balance was RMB 4.83 billion, an increase of RMB 0.73 billion, with a non-performing loan ratio of 1.38%[89]. - The company's loan quality remained stable, with corporate loans showing a non-performing loan ratio of 1.73%[91]. - The group has focused on enhancing credit risk management and controlling new credit business risks while increasing efforts in handling existing risks[89]. - The loan loss provision balance was CNY 10.13 billion, a decrease of CNY 1.05 billion from the previous year[101]. Strategic Development and Vision - The bank aims to enhance service quality, digital transformation, and distinctive development as part of its strategic vision[8]. - The bank's strategic development framework includes three major tasks and three empowerment systems to achieve high-quality growth[8]. - The company aims to become a leading commercial bank in China, focusing on serving the real economy and enhancing financial services for local economies and small enterprises[15]. - The strategic vision includes three key tasks: service enhancement, digital transformation, and distinctive development, supported by technology, talent, and management empowerment[18]. Digital Transformation and Innovation - The bank became the first local legal person bank in Chongqing to access digital RMB services, enhancing its digital finance capabilities[9]. - The bank's online consumer products and digital transformation initiatives have positioned it as a leader in financial technology innovation[9]. - The bank's digital marketing strategies focused on key customer groups, including the elderly and new citizens, to enhance customer engagement and retention[113]. - The bank's technology investment totaled 384 million RMB in 2022, focusing on digital transformation and the development of a "smart bank" and "digital bank"[121]. Customer and Market Engagement - The number of personal customers grew by over 270,000, indicating strong customer acquisition efforts[30]. - The total number of debit cards issued rose by 302,800 to 4.9679 million, with transaction volume reaching RMB 13.202 billion during the reporting period[115]. - The total number of credit cards issued increased by 91,700 to 432,700, with an overdraft balance rising by RMB 3.723 billion to RMB 20.094 billion[115]. - The bank's retail customer relationship management system and "retail data marketplace" construction were completed, promoting digital transformation[9]. Compliance and Governance - The company has adhered to the corporate governance code and improved transparency and governance levels to protect shareholder rights and enhance corporate value[169]. - The board of directors is responsible for formulating the company's annual financial budget and profit distribution plans, as well as overseeing strategic implementation[173]. - The company has established a risk management and internal control policy, with the board bearing ultimate responsibility for comprehensive risk management[173]. - The board has authorized significant external investments and asset acquisitions within the scope defined by the shareholders' meeting[174]. Sustainability and Social Responsibility - The bank's green finance scale increased by 44.7% compared to the end of the previous year[9]. - The bank's "Rural Revitalization Youth Loan" won the "Top Ten Network Influence Excellent Case Award" in 2022, showcasing its commitment to social responsibility[14]. - The balance of green credit increased by 45%, reflecting the bank's commitment to sustainable finance[30]. - The company is committed to supporting rural revitalization by developing scenario-based digital products for agriculture and increasing credit support for new agricultural business entities[167].