重庆农村商业银行(03618) - 2023 - 年度财报

Financial Performance - Net profit for 2023 reached RMB 11.125 billion, marking a 6.18% increase from the previous year[5]. - Total operating income for 2023 was RMB 27,957.2 million, down 3.40% from RMB 28,941.3 million in 2022[41]. - Revenue for the year was CNY 128 billion, with a net profit of CNY 11.1 billion, showing a growth rate of 6.18%[24]. - Net profit attributable to shareholders was RMB 10,902.4 million, a rise of 6.10% compared to RMB 10,275.6 million in 2022[41]. - Non-interest income reached RMB 4,464.1 million, representing an increase of 26.21% from RMB 3,537.1 million in the previous year[41]. - Total interest expense for 2023 was CNY 26.394 billion, an increase of CNY 0.540 billion, representing a growth of 2.09% driven by the growth in interest-bearing liabilities[56]. - The total amount of corporate loans and advances was RMB 327.78 billion, an increase of RMB 290.96 billion or 9.74% from the previous year[81]. Asset and Liability Management - Total assets increased to RMB 1,441.5 billion in 2023, representing a growth of 6.60% compared to 2022[5]. - Total liabilities reached RMB 1,317.58 billion, an increase of RMB 80.74 billion, representing a growth of 6.53%[92]. - The capital adequacy ratio increased to 15.99%, up from 15.62% in 2022, demonstrating robust capital management[11]. - The leverage ratio as of December 31, 2023, was 8.40%, up by 0.13 percentage points compared to the end of the previous year, driven by a higher growth rate of tier 1 capital[122]. - The net stable funding ratio stood at 126.22%, and the liquidity coverage ratio was 414.05%[100]. Loan and Deposit Growth - Total loans amounted to RMB 676.7 billion, up 6.96% year-on-year, while total deposits rose to RMB 824.9 billion, reflecting an 8.64% increase[5]. - Customer deposits totaled RMB 896.20 billion, an increase of RMB 71.26 billion, representing a growth of 8.64% compared to the previous year[93]. - The retail loan non-performing loan ratio increased to 1.60%, up 0.43 percentage points from the previous year, influenced by a slowdown in macroeconomic growth[110]. - The company provided a loan balance of 26 billion yuan for major projects in the Chengdu-Chongqing economic circle, enhancing its role in regional economic development[20]. Risk Management - The non-performing loan ratio improved to 1.22% in 2023, down from 1.25% in 2022[6][7]. - The provision coverage ratio stood at 366.70%, indicating strong risk management practices[8]. - The company has implemented a comprehensive risk management system, enhancing proactive risk management and monitoring capabilities in response to changing risk conditions[170]. - The company’s focus on risk monitoring in key sectors has led to a continuous improvement in asset quality, despite challenges in the retail loan segment[106]. Digital Transformation and Innovation - The company plans to accelerate its digital transformation in 2024, emphasizing a customer-centric organizational structure and innovative service models[21]. - The company has launched three "billion-level" online products to enhance financial service convenience and efficiency[18]. - The intelligent data decision platform provided a total of 422 million decision services in 2023, with a daily average of 1.156 million, representing a year-on-year increase of 156% and a decision success rate of 99.9%[145]. - The company has established a digital transformation strategy for its asset custody business, enhancing technological support for steady growth[143]. Strategic Focus and Market Position - The bank plans to distribute a dividend of RMB 2.885 per 10 shares for the 2023 fiscal year, subject to shareholder approval[12]. - The company's strategic vision aims to build the company into a leading regional bank in China, emphasizing a "customer-centric" approach and a "big retail" business model as the core competitive strength[31]. - The company achieved a global bank ranking of 115, reflecting significant growth and improvement in its operational performance[17]. - The company aims to enhance its financial services capabilities to support the real economy and contribute to national strategic initiatives[31]. Employee and Operational Efficiency - Employee costs accounted for 58.40% of total operating expenses in 2023, totaling RMB 573.5 million, a year-on-year increase of RMB 9.5 million[69]. - The company has increased its investment in financial technology talent, contributing to the rise in employee costs[69]. - The internal audit system was strengthened, focusing on strategic priorities and enhancing digital audit capabilities to improve operational efficiency[192]. Green Finance Initiatives - The green credit balance reached 62 billion yuan, with a year-on-year increase of 27.2%, highlighting the company's commitment to green finance initiatives[20]. - The company has established a "1+3+22+N" green finance system to promote green credit and financial products, seizing strategic opportunities in the Chengdu-Chongqing economic circle[37]. - The company continues to innovate green credit products and expand financing channels for enterprises[81]. Customer Engagement and Service Enhancement - The mobile banking app reached 14.38 million users by the end of 2023, with a net increase of 857,600 users, reflecting a growth rate of 6.34%[149]. - The total transaction amount for merchants reached CNY 187.13 billion, an increase of CNY 22.69 billion, representing a growth of 13.80% year-on-year[132]. - The company achieved a customer satisfaction rate of 99.26% in its telephone banking services, handling 7.1334 million customer calls during the reporting period[148].