BANK OF QINGDAO(002948)2023-03-31 16:00Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 1.60 per 10 shares to all ordinary shareholders, subject to shareholder approval[2]. - The company declared dividends of 931 million RMB to ordinary shareholders and 510 million RMB to preferred shareholders during the reporting period[95]. Financial Performance - Net interest income for 2022 reached RMB 8,288,314 thousand, an increase of 8.41% compared to RMB 7,645,625 thousand in 2021[14]. - Total operating income was RMB 11,644,007 thousand, reflecting a growth of 4.56% from RMB 11,136,017 thousand in the previous year[14]. - Net profit for 2022 was RMB 3,167,525 thousand, representing a year-on-year increase of 5.82% from RMB 2,993,213 thousand in 2021[14]. - Customer loans totaled RMB 269,029,452 thousand, marking a 10.17% increase from RMB 244,205,480 thousand in 2021[14]. - Total assets as of December 31, 2022, amounted to RMB 529,613,992 thousand, a 1.41% increase from RMB 522,249,610 thousand at the end of 2021[14]. - Customer deposits reached RMB 341,347,176 thousand, up 8.87% from RMB 313,524,923 thousand in 2021[14]. - The bank's basic earnings per share decreased by 11.76% to RMB 0.45 from RMB 0.51 in 2021[14]. - The bank's total capital net amount was RMB 45,212,218 thousand, a decrease of 3.96% from RMB 47,075,226 thousand in 2021[15]. - The bank's net profit for 2022 was CNY 3.168 billion, an increase of CNY 174 million or 5.82% year-on-year[26]. Risk Management - The report emphasizes the importance of risk management, detailing major risks and corresponding mitigation strategies[3]. - The bank's strategy includes enhancing risk control efficiency and optimizing non-performing asset management to improve overall asset quality[115]. - The bank established a unified credit and credit risk management system, marking a significant milestone in comprehensive risk management[169]. - The bank's liquidity risk management policies align with regulatory requirements and ensure sufficient cash flow to meet obligations[173]. Capital and Funding - The bank completed an A+H share placement, raising RMB 4.155 billion to enhance core tier one capital[35]. - The company's capital adequacy ratio stood at 13.56% at the end of 2022, reflecting a solid capital structure[29]. - The core tier 1 capital adequacy ratio increased to 8.75% from 8.38%, an increase of 0.37%[17]. - The net amount of Tier 1 capital increased to RMB 35,643,177 thousand in 2022 from RMB 32,823,496 thousand in 2021, representing an increase of about 5.6%[127]. Digital Transformation and Innovation - The bank's digital transformation committee was established to enhance digital capabilities and promote the development of digital products and services[24]. - The bank's digital transformation strategy includes significant investments in fintech resources and the establishment of a digital transformation committee[168]. - The bank launched 50 IT projects and successfully completed 54 projects, including the "Corporate Intelligent Marketing Management Platform" and "Mobile Banking 6.0" during the reporting period[168]. Corporate Governance - The bank emphasized the importance of enhancing corporate governance to achieve sustainable and high-quality development, with a focus on investor relations management[195]. - There were no significant discrepancies found between the bank's governance practices and regulatory requirements during the reporting period[195]. - The bank maintained independence in operations, finance, and management, with no controlling shareholder or actual controller[196]. Customer and Market Development - The bank's retail banking business generated 2.301 billion RMB in revenue for 2022, accounting for 19.76% of total segment revenue[99]. - The number of retail customers with financial assets exceeded 300 billion yuan, with high-end customers holding an average of 257.410 billion yuan, accounting for 86.91%[148]. - The bank's international business client base expanded to 2,212, a rise of 709 clients or 47.17%[156]. Asset Quality and Loan Management - The non-performing loan ratio improved to 1.21% from 1.34% year-over-year, a decrease of 0.13%[17]. - The provision coverage ratio increased to 219.77%, up 22.35 percentage points year-on-year[36]. - The bank's loans for fixed assets reached RMB 56,731,865 thousand, representing 21.09% of total loans, up from 22.45% in 2021[107]. Economic Outlook and Strategic Focus - In 2023, the company anticipates a moderate economic recovery in China, supported by consumption and investment growth, particularly in Shandong Province and Qingdao City[188]. - The company's strategic focus for 2023 includes strengthening advantages, addressing weaknesses, and enhancing service capabilities for the real economy[189]. - The company will continue to support manufacturing, green development, and high-tech industries as part of its commitment to serving the real economy[189].