On the evening of March 25, China Everbright Bank Company Limited Co.Ltd(601818) released the annual report for 2021. According to the report, in 2021, China Everbright Bank Company Limited Co.Ltd(601818) achieved an operating revenue of 152751 billion yuan, a year-on-year increase of 7.14%; The net profit was 43.639 billion yuan, a year-on-year increase of 15.06%; The amount of non-performing loans was 41.366 billion yuan, and the non-performing loan ratio was 1.25%. It continued to maintain a “double decline”, and the provision coverage rate was 187.02%, an increase of 4.31 percentage points over the end of the previous year, further improving the quality of assets.
Specifically, in 2021, China Everbright Bank Company Limited Co.Ltd(601818) achieved an operating revenue of 152751 billion yuan, a year-on-year increase of 10.179 billion yuan, an increase of 7.14%, which was basically the same as that of the previous year and maintained stable growth. The annual net interest income was 112155 billion yuan, a year-on-year increase of 1.32%. In addition, the income structure of intermediary business is more optimized. The annual intermediate business income reached 27.314 billion yuan, with a year-on-year increase of 11.90%. Among them, the green medium income of asset management, agency and trusteeship was 10.871 billion yuan, with a year-on-year increase of 25.69%, which has become an important driving factor for the medium income growth. The characteristics of wealth management and light transformation have achieved remarkable results. Third, other income grew rapidly. Seize the favorable market opportunity, accelerate asset circulation, enhance investment capacity, and actively promote the transformation of trading banks. In the whole year, other income such as investment income and valuation profit and loss reached 13.282 billion yuan, a year-on-year increase of 77.90%.
In terms of serving the real economy. At the beginning of the year, the loan quality of Guangdong, Tianjin and Hebei increased by RMB 1.2 billion, which was higher than that of the national strategy of the Yangtze River Delta and Hong Kong and Macao, and the loan quality of the Yangtze River Delta was higher than that of the Yangtze River Delta; The balance of medium and long-term loans in the manufacturing industry increased by 43.5 billion yuan or 46% over the beginning of the year; The loan balance of private enterprises increased by 36.6 billion yuan over the beginning of the year; The balance of Pratt & Whitney loans increased by 49.981 billion yuan or 26.72% over the beginning of the year.
In promoting green finance. In 2021, China Everbright Bank Company Limited Co.Ltd(601818) set up a leading group for carbon peaking and carbon neutralization to fully implement the “double carbon” target work plan, support green economy, low-carbon economy and circular economy, strengthen environmental and climate risk identification, strictly implement the “one vote veto system of green credit” and promote the adjustment of credit structure to “green”. At the end of 2021, China Everbright Bank Company Limited Co.Ltd(601818) green loan balance was 124592 billion yuan, an increase of 20.12% over the beginning of the year, including 12.721 billion yuan of clean energy loan balance, an increase of 54.03% over the beginning of the year.
In supporting rural revitalization. At the end of 2021, the balance of China Everbright Bank Company Limited Co.Ltd(601818) agriculture related loans was 390.16 billion yuan, an increase of 13.294 billion yuan over the beginning of the year; “Everbright shopping wonderful” platform has helped 116 rural enterprises in 107 former national poverty-stricken counties in 19 provinces, nearly 700 agricultural commodities have been launched, with a total sales of 2045700 pieces and 134 million yuan. In 2021, 875700 agricultural commodities were sold, with a total sales of 50867900 yuan; The application of “guangfutong” digital financial products provides merchant registration, account management, order payment and other services for the online sales platform of agricultural and sideline products in poverty-stricken areas (“832 platform”), eliminates all handling fees, and effectively reduces the burden of agricultural related small and micro merchants.
In addition, in 2021, China Everbright Bank Company Limited Co.Ltd(601818) achieved a corporate operating income of 59.560 billion yuan, and the corporate non-performing loan ratio decreased for three consecutive years. While the scale grew steadily, the business structure was further optimized. Corporate deposits amounted to 2762019 billion yuan, with an annual increment of 130315 billion yuan, and the increment of core deposits accounted for 76%; The total number of effective financial accounts of the company is 414000, with an increase rate of 27.35%, and the increment of effective accounts accounts for 89%; The total amount of corporate financial customer financing (FPA) exceeded 4.27 trillion yuan, with an annual increment of more than 150 billion yuan.
From the perspective of characteristic business areas, the investment banking business is “multi-dimensional driven” by bond financing, M & A financing, structured financing, equity financing and intermediary matching, with an underwriting scale of more than 510 billion yuan, and issues innovative bonds or bill products such as equity contribution bills, carbon neutralization bonds, rural revitalization bonds and ABN; Bocom business adheres to science and technology empowerment. Focusing on customers’ cross-border transaction scenarios and trade and investment facilitation needs, BOCOM achieved international settlement of US $154 billion, with a year-on-year increase of 22.42%. Focusing on industrial chain, supply chain and specific business scenarios, BOCOM developed 2328 core supply chain and upstream and downstream customers.
Meanwhile, in 2021, China Everbright Bank Company Limited Co.Ltd(601818) retail revenue reached 63.346 billion yuan, an increase of 7.98%, accounting for 41.47% of the bank’s operating revenue. The total number of customers exceeded 140 million, and the number of private customers exceeded 50000, an increase of 24.70% over the end of the previous year, continuing to maintain high-speed growth; The total assets of retail customers under management (AUM) reached a new level of 2 trillion yuan, reaching 212467 billion yuan, an increase of 10.68% over the end of the previous year;
Retail wealth management revenue reached 7.944 billion yuan, a year-on-year increase of 23.09%; The scale of financial management exceeded 1 trillion yuan, reaching 1067709 billion yuan, an increase of 27.67% over the end of the previous year; Retail credit made great efforts to promote the transformation of “five modernizations”, with the scale increasing by 17.39% compared with the end of the previous year. The scale growth and asset quality were among the forefront of joint-stock commercial banks.
At the same time, the bank insisted on building an open wealth management platform and digital convenience service platform. The number of monthly live users of mobile banking, sunshine life and cloud payment app exceeded 50 million, an increase of 32.97% over the end of the previous year; In particular, as China’s leading open and convenient payment platform, the cloud payment platform exceeded 550 billion yuan in 2021, with more than 2 billion payments and 565 million active users.
The financial report shows that in 2021, the asset scale of China Everbright Bank Company Limited Co.Ltd(601818) financial market sector was 2.02 trillion yuan, an increase of 12.29% over the end of the previous year; The operating revenue reached 29.953 billion yuan, with a year-on-year increase of 23.64%, both maintaining a high growth rate, and the growth rate of revenue is better than that of scale. Focusing on the source of finance, the total investment in credit bonds, local bonds and ABS exceeded 270 billion yuan throughout the year.
In addition, China Everbright Bank Company Limited Co.Ltd(601818) 2021 invested 5.786 billion yuan in science and technology, with a year-on-year increase of 12.35%, accounting for 3.79% of the operating revenue; The bank has more than 2300 scientific and technological personnel, accounting for 5.11% of the bank’s employees. With the synchronous growth of scientific and technological investment and scientific and technological talents, the ability of scientific and technological innovation is increasing. More than 800 training algorithm models have been developed, 78 projects have been approved by the financial science and technology innovation fund, 52 scientific and technological achievements have obtained patents or computer software copyrights, 5 scientific and technological projects have won the financial science and technology development award of the people’s Bank of China, and the white paper on data asset valuation of commercial banks leads the construction of industrial data asset valuation system.
In 2021, China Everbright Bank Company Limited Co.Ltd(601818) in terms of improving quality and efficiency, the development scale promoted by science and technology stationed increased by 32% year-on-year; In terms of cost reduction and fee reduction, “digital man” provides more than 700 business scenarios and chat scenarios based on big data and AI, with a business coverage rate of 92%; In terms of risk control, the reporting accuracy of the intelligent anti money laundering system is as high as 86% and the effect is improved by 6 times, and the early warning accuracy of the intelligent anti fraud system is as high as 80% and the effect is improved by 5 times.
