Financial Performance - The bank achieved a net profit of RMB 258.688 billion for the year 2022, reflecting its strong financial performance[2]. - The company's operating revenue for 2022 reached RMB 725,499 million, a slight increase of 0.1% compared to RMB 721,746 million in 2021[12]. - Net profit attributable to shareholders of the parent company for 2022 was RMB 259,140 million, up 7.9% from RMB 241,183 million in 2021[12]. - The net interest income for 2022 was RMB 589,966 million, reflecting an increase of 2.0% from RMB 577,987 million in 2021[12]. - The company reported a significant increase in cash flow from operating activities, totaling RMB 1,322,003 million in 2022, compared to RMB 239,615 million in 2021[12]. - The company's diluted earnings per share for 2022 was RMB 0.69, an increase from RMB 0.65 in 2021[12]. - The company reported a decrease in credit impairment losses to RMB 145.267 billion, down 12.4% from RMB 165.886 billion in the previous year[27]. - The effective tax rate was 15.52%, down 11.9% year-on-year, primarily due to tax-exempt income from holding Chinese government bonds[43]. Asset and Liability Management - As of the end of 2022, the total assets of Agricultural Bank of China amounted to RMB 33,927.533 billion, with customer loans and advances totaling RMB 19,765.745 billion and deposits of RMB 25,121.040 billion[2]. - Total liabilities amounted to RMB 31,253,082 million, up 17.3% from RMB 26,647,796 million in 2021[11]. - The bank's equity attributable to shareholders reached RMB 2,668,412 million, marking an increase of 10.5% from RMB 2,414,605 million in 2021[11]. - The net capital amounted to RMB 3,416,001 million, up from RMB 3,057,867 million in the previous year, indicating a growth of 11.7%[11]. - The core tier 1 capital net amount was RMB 2,215,395 million, an increase of 8.5% from RMB 2,042,480 million in 2021[11]. - The bank's risk-weighted assets totaled RMB 19,862,505 million, up from RMB 17,849,566 million in 2021, reflecting a growth of 11.3%[11]. Customer Loans and Deposits - Customer loans and advances totaled RMB 19,765,745 million, an increase of 15.1% from RMB 17,175,073 million in the previous year[11]. - Deposits from customers increased to RMB 25,121,040 million, a rise of 14.9% compared to RMB 21,907,127 million in 2021[11]. - The balance of personal loans increased by CNY 428.07 billion year-on-year, also leading the industry[85]. - The balance of personal housing loans increased by CNY 104.32 billion year-on-year, maintaining a leading position in the industry[85]. - The balance of county-level corporate loans (excluding bill discounting) was CNY 3,964.5 billion at the end of 2022, an increase of CNY 596.1 billion from the previous year[130]. Risk Management - The non-performing loan ratio improved to 1.37% in 2022, down from 1.43% in 2021[13]. - The provision coverage ratio increased to 302.60% in 2022, compared to 299.73% in 2021, indicating stronger risk management[13]. - The company has continuously optimized its risk management policy system in 2022, revising various credit risk management guidelines and implementing new measures for expected credit loss management[145]. - The credit risk management framework includes a centralized management structure with multiple committees overseeing risk assessment and asset disposal, ensuring a unified approach to risk management[148]. - The company has focused on managing credit risks in key areas such as real estate and local government debt, maintaining stable asset quality amidst macroeconomic adjustments[148]. Strategic Initiatives - The bank is focused on high-quality development, emphasizing its role as a leading bank in serving rural revitalization and the real economy[2]. - The bank plans to continue expanding its market presence and enhancing its financial services to support sustainable economic activities[6]. - The bank aims to strengthen financing for infrastructure projects and increase medium to long-term loans for the manufacturing sector[24]. - The bank's strategic focus includes promoting green finance and digital transformation to support high-quality economic development[25]. - The company has established a Green Finance/Carbon Neutrality Committee to strengthen strategic coordination in green finance[118]. Market Position and Recognition - Agricultural Bank of China was ranked 28th in the Fortune Global 500 list and 3rd in the Banker Magazine's Global Banking 1000 ranking based on Tier 1 capital in 2022[2]. - The bank has been included in the list of global systemically important banks for nine consecutive years since 2014, highlighting its significance in the global financial system[2]. - The number of personal customers reached 862 million, maintaining a leading position in the industry[21]. - The bank's online loan product "Huinong e-loan" reached a balance of CNY 747.7 billion, with a growth rate of 37.3%[17]. Technological Advancements - The bank invested RMB 23.211 billion in information technology in 2022, enhancing its technological capabilities and supporting high-quality business development[116]. - The bank's cloud computing applications managed over 40,000 servers and supported more than 1,200 application modules, with 68% of applications deployed based on PaaS[116]. - The bank's online financial platform was upgraded to version 6.0, improving service capabilities and user experience[99]. International Operations - The bank established 22 overseas institutions and 1 joint venture bank across 18 countries and regions by the end of 2022, enhancing its cross-border financial service network[103]. - The bank's international settlement volume reached USD 1,615.913 billion in 2022, with international trade financing volume at USD 168.849 billion, marking significant growth in cross-border financial services[103]. - The bank's cross-border RMB business volume was CNY 2.32 trillion in 2022, with the Dubai branch handling RMB clearing business of CNY 92.1 billion, a growth of 157%[104].
农业银行(01288) - 2022 - 年度业绩