China Construction Bank Corporation(601939)
Summary of annual report 2021
1 important note 1.1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should carefully read the full text of the annual report on the website of Shanghai Stock Exchange, the website of “disclosure easy” of Hong Kong Exchanges and Clearing Co., Ltd., the website of this bank, China Securities Journal, Shanghai Securities News, securities times, securities daily and other media.
1.2 the bank held a meeting of the board of directors on March 29, 2022 and considered and adopted the summary of this annual report. All 13 directors of the bank attended the board meeting. 1.3 the financial reports prepared by the bank and its subsidiaries (“the group”) in 2021 in accordance with Chinese accounting standards were audited by Ernst & Young Huaming Certified Public Accountants (special general partnership), and the financial reports prepared in accordance with international financial reporting standards were audited by Ernst & Young certified public accountants, and the auditors issued unqualified audit reports.
1.4 the board of directors of the bank proposes to pay a cash dividend of RMB 0.364 per share (including tax) to all shareholders in 2021. 2. Basic information of the company 2.1 company profile
A shares: Shanghai Stock Exchange
Stock abbreviation: China Construction Bank Corporation(601939)
Stock Code: China Construction Bank Corporation(601939)
Stock exchange, stock abbreviation and H shares: stock exchange of Hong Kong Limited
Stock Code Stock abbreviation: China Construction Bank Corporation(601939)
Stock Code: 939
Domestic preferred shares: Shanghai Stock Exchange
Stock abbreviation: CCB you1
Stock Code: 360030
Board Secretary Hu Changmiao
Company secretary Ma Chenzhi
Office address: No. 25, Financial Street, Xicheng District, Beijing
Customer service and complaint hotline 95533
Tel: 86-1066215533
Contact information of investors Fax: 86-1066218888
Email: [email protected].
China Construction Bank Corporation(601939) is a leading large commercial bank in China, headquartered in Beijing. Its predecessor, China China Construction Bank Corporation(601939) was founded in October 1954. The bank was listed on the stock exchange of Hong Kong in October 2005 (stock code 939) and on the Shanghai Stock Exchange in September 2007 (stock code China Construction Bank Corporation(601939) ). The market value of the bank at the end of 2021 was about US $175302 billion, ranking sixth among listed banks in the world. Ranked by tier 1 capital, the group ranks second among global banks.
The group provides customers with comprehensive financial services. Its main business segments include corporate banking, personal banking, capital business and other businesses including overseas businesses and subsidiaries. The bank has 14510 branches and 351252 employees, serving hundreds of millions of individual and corporate customers. It has subsidiaries in fund, leasing, trust, insurance, futures, pension, investment banking and other industries, overseas institutions covering 31 countries and regions, and nearly 200 overseas institutions at all levels.
In 2021, the global epidemic rebounded and disturbed the process of economic recovery. The monetary policy shift of major developed economies accelerated, and the signals of tightening monetary policy were released to varying degrees. Some emerging economies raised interest rates many times to cope with the pressure of inflation, capital outflow, exchange rate depreciation and so on. China’s economy has continued to recover steadily, new achievements have been made in high-quality development, and the 14th five year plan has made a good start. Investment and consumption recovered steadily, import and export grew rapidly, the balance of payments remained basically balanced, the employment situation was generally stable, consumer prices rose moderately, and the high rise of production prices fell. Throughout the year, China’s GDP increased by 8.1% year-on-year, and the consumer price index rose by 0.9% year-on-year.
In 2021, the financial market will operate smoothly as a whole. Money market transactions were active and market interest rates remained stable. Bond issuance increased and interest rates generally declined. The stock market index rose as a whole, and the trading volume and fund-raising increased year-on-year. China’s regulators have placed greater importance on improving the quality and efficiency of financial services to the real economy, continued to deepen financial reform, increased financial support in key areas, improved the corporate governance of banking institutions, consolidated the foundation for the development of financial science and technology, promoted the transformation of financial management business, and promoted the high-quality development of the financial industry through institutional and mechanism innovation. The banking industry has resumed a good development trend, the operating income has stabilized and rebounded, the credit structure has been continuously optimized, the asset scale has increased steadily, the asset quality tends to improve, the overall capital level is sufficient, and the support for the real economy has been strengthened. Affected by the real economy, LPR reduction and high debt cost, the interest margin of the banking industry narrowed, the interest margin income decreased, and the profitability was under pressure. The growth of wealth management continued, the proportion of non interest income increased, and the stability of profitability improved. The situation of risk prevention and control has improved, and there is still pressure in real estate and other industries.
In 2021, the group improved the quality and efficiency of serving the real economy and achieved new results in promoting the development of self-improvement quality. The scale of assets and liabilities increased steadily, with the group’s total assets of 30.25 trillion yuan, an increase of 7.54%; Among them, the net loans and advances issued were 18.17 trillion yuan, an increase of 11.95%. Total liabilities were 27.64 trillion yuan, an increase of 7.37%; Among them, deposits received were 22.38 trillion yuan, an increase of 8.56%.
The net interest income increased by 5.12% over the previous year, the net fee and commission income increased by 6.03% over the previous year, and the operating income was 824246 billion yuan, an increase of 9.05% over the previous year. The group’s non-performing rate was 1.42%, down 0.14 percentage points from the previous year. The net profit of the group was 303928 billion yuan, an increase of 11.09% over the previous year. The average return on assets is 1.04%, the weighted average return on net assets is 12.55%, and the capital adequacy ratio is 17.85%.
2.3 main accounting data and financial indicators
2.3.1 the financial information contained in this report is prepared in accordance with Chinese accounting standards. Unless otherwise specified, it is the data of the group and is presented in RMB. (unless otherwise specified, in RMB million)
(listed in Yuan) change from 2021 to 2020 (%) 20192018 2017
Annual performance
Net interest income 6054205759095.12537066508842459607
Net income from handling charges and commissions 1214921145826.03110898100471101119
Other non interest income 9733465367 48.90576654957860933
Operating income 8242467558589.05705629658891621659
Business and management fee (209864) (179308) 17.04 (179531) (167208) (159118)
Credit impairment loss (167949) (193491) (13.20) (163000) (151109) not applicable
Impairment loss of other assets (766) 3562 not applicable (521) 121 not applicable
Operating profit 37877633724612.31326954308514298186
Total profit 37841233661612.42326597308160299787
Net profit 30392827357911.09269222255626243615
Net profit attributable to shareholders of the bank 30251327105011.61266733254655242264
Net profit attributable to ordinary shareholders of the bank 29797526542612.26262771250719241219
Attributable to the bank after deducting non recurring profits and losses
Net profit of shareholders 30269427194711.31266995254838240995
Net cash flow from operating activities 436718580685 (24.79) 58128744376779090
At 31 December
Net loans and advances 181704921623136911.95145420011336649212574473
Total assets 30253979281322547.54254362612322269322124383
Deposit taking 22378814206149768.56183662931710867816363754
Total liabilities 27639857257429017.37232011342123109920328556
Shareholders’ equity 261412223893539.41223512719915941795827
Shareholders’ equity attributable to the bank 258823123648089.45221625719764631779760
Share capital 250011250011 – 250011250011250011
Net core tier 1 capital 1247546222614499.46208997618893901691332
Net other tier 1 capital 11 Changchun High And New Technology Industries (Group) Inc(000661) 00068 – 11971679720 79788
Net tier 2 capital 167675447116443.63427896379536231952
Net capital 13252282283268114.81263758823486462003072
Risk weighted assets 11821589316604591
