Revenue and Profit - The total revenue for the year ended December 31, 2022, was RMB 22,764,336,000, an increase of 6.6% from RMB 21,363,795,000 in 2021[2]. - The net profit for 2022 was RMB 3,351,073,000, a decrease of 14.5% compared to RMB 3,922,212,000 in 2021[2]. - Operating income amounted to RMB 25.053 billion, reflecting a year-on-year growth of 7.5%[18]. - Annual profit was RMB 3.351 billion, with an average return on equity (ROE) of 10.41% and return on assets (ROA) of 0.96%[18]. - The company achieved total revenue of RMB 25,053.5 million in 2022, an increase of RMB 1,737.7 million or 7.5% compared to the previous year[22]. - Annual profit decreased to RMB 3,351.1 million, down RMB 571.1 million or 14.6% year-on-year, primarily due to impairment losses on aircraft assets[22]. Assets and Liabilities - Total assets as of December 31, 2022, were RMB 354,717,247,000, up from RMB 341,837,629,000 in 2021[6]. - The total liabilities increased to RMB 320,433,802,000 in 2022 from RMB 311,730,875,000 in 2021, with borrowings accounting for 77.0% of total liabilities[8]. - The company’s total equity increased to RMB 34,283,445,000 in 2022 from RMB 30,106,754,000 in 2021, with a net asset value per share of RMB 2.71[6]. - Total assets reached RMB 354.717 billion, an increase of 3.8% year-on-year[18]. - The total liabilities of the group as of December 31, 2022, were RMB 320,433.8 million, an increase of RMB 8,702.9 million or 2.8% compared to the previous year[37]. Financial Ratios and Performance Metrics - The average return on assets for 2022 was 0.96%, down 0.26 percentage points from the previous year[12]. - The average return on equity decreased to 10.41% in 2022, a decline of 3.42 percentage points year-on-year, primarily due to a decrease in net profit[12]. - The cost-to-income ratio for 2022 was 9.14%, an increase from 7.89% in 2021[10]. - The non-performing asset ratio was 0.63% as of December 31, 2022, slightly improved from 0.67% in 2021[10]. - The non-performing asset ratio decreased by 0.04 percentage points year-on-year, marking the lowest level since the company's listing[20]. Business Operations and Investments - New business investment in leasing reached RMB 98.485 billion for the year[19]. - The company signed a purchase intention for 50 C919 aircraft with COMAC, enhancing its aircraft leasing portfolio[19]. - The company supported over 4,200 freight logistics vehicles, emphasizing its commitment to the real economy and small enterprises[19]. - The infrastructure leasing segment achieved a new investment of RMB 46,347.4 million in 2022, with over 80% of the investment focused on seven key strategic regions[66]. - The shipping leasing segment saw a new investment of RMB 3,484.1 million in 2022, with a fleet of 222 vessels as of December 31, 2022, including 190 operating lease vessels[67][68]. Risk Management and Governance - The group emphasizes a balanced approach to "scale, efficiency, and risk" in its operations, focusing on credit risk quantification and management[81]. - The group has implemented a comprehensive risk management system to support sustainable business development and enhance corporate value[79]. - The group has adopted a prudent risk appetite strategy, favoring industries with mature business models and high asset quality[80]. - The company has strengthened its country risk management framework, regularly reporting on exposure and risk assessments to the board[107]. - The company is committed to maintaining high corporate governance standards to protect shareholder rights and enhance corporate value[119]. Employee and Operational Costs - In 2022, the group's employee costs amounted to RMB 546.8 million, an increase of RMB 52.0 million or 10.5% compared to the previous year, primarily due to business scale growth[32]. - Personnel expenses for the year ended December 31, 2022, were RMB 546.8 million, accounting for about 2.2% of total revenue and other income, compared to RMB 494.8 million and 2.1% in 2021[114]. Dividends and Shareholder Returns - The company proposed a final dividend of RMB 0.7952 per share for the year ended December 31, 2022, amounting to a total distribution of approximately RMB 1,005,322 thousand, which is 30% of the net profit of RMB 3,351,073 thousand for the same period[121]. Compliance and Reporting - The financial statements are prepared in accordance with International Financial Reporting Standards and comply with the disclosure requirements of the Hong Kong Companies Ordinance[131]. - The company adopted several new and revised International Financial Reporting Standards for the current financial year, including IFRS 3 (Revised) and IAS 16 (Revised)[132][134]. - The company has not experienced any impact on its financial position or performance from the new accounting standards adopted[134]. Future Outlook - The group aims for a GDP growth of around 5% in China for 2023, amidst global economic challenges[118]. - The group plans to focus on its core leasing business and enhance its service to the real economy in 2023[118]. - The group will accelerate innovation and optimize its business layout to improve operational efficiency and risk management[118].
国银金租(01606) - 2022 - 年度业绩