Securities code: 601998 securities abbreviation: China Citic Bank Corporation Limited(601998) Announcement No.: pro 2022-004
China Citic Bank Corporation Limited(601998)
Announcement of 2021 annual performance express
The board of directors and all directors of the bank guarantee that there are no false records, misleading statements or
And shall be individually and jointly liable for the authenticity, accuracy and completeness of its contents.
The main financial data of 2021 contained in this announcement are the group caliber data preliminarily calculated in accordance with Chinese accounting standards and have not been audited by an accounting firm. The specific data are subject to the data disclosed in the 2021 annual report of China Citic Bank Corporation Limited(601998) (hereinafter referred to as “the bank”), which draws the attention of investors to investment risks.
1、 Main financial data and indicators in 2021
Unit: RMB 100 million
Increase / decrease range of the project from 2021 to 2020 (%) (Unaudited) (audited)
Operating income 2045.57 1947.31 5.05
Operating profit 655.69 578.16 13.41
Total profit 655.17 578.57 13.24
Net profit attributable to shareholders of the bank 556.41 489.80 13.60
Attributable to shareholders of the bank after deducting non recurring profits and losses
Net profit 555.11 488.18 13.71
Basic earnings per share (yuan) 1.08 0.94 14.89
The weighted average return on net assets was 10.73% and 10.11%, up 0.62 percentage points
2021 2020
Increase or decrease of the project as of December 31 (%) (Unaudited) (audited)
Total assets 80414.18 75111.61 7.06
Owner’s equity attributable to shareholders of the bank 6263.03 5445.73 15.01
Owner’s equity attributable to ordinary shareholders of the bank 5113.62 4696.25 8.89
Common share capital 489.35-
Net assets per share attributable to ordinary shareholders of the bank
(yuan) 10.45 9.60 8.85
Note: 1 The data of basic earnings per share and weighted average return on net assets are published in accordance with the regulations of China Securities Regulatory Commission
The information disclosure rules of companies issuing securities No. 9 – Calculation and disclosure of return on net assets and earnings per share (revised in 2010).
2. In October 2021, the bank issued a dividend of RMB 1.33 billion on preferred shares (CITIC you1). When calculating the basic earnings per share and weighted average return on net assets disclosed in this announcement, the impact of preferred stock dividend has been considered.
3. In March 2019, the bank issued 40 billion yuan of A-share convertible corporate bonds. By the end of 2021, RMB 327000 convertible bonds had been converted into A-share common shares of the bank, and the cumulative number of converted shares was 45896.
4. In December 2021, the bank issued 40 billion yuan of non fixed term capital bonds (19 China Citic Bank Corporation Limited(601998) perpetual bonds) with interest of 1.68 billion yuan. When calculating the basic earnings per share and weighted average return on net assets disclosed in this announcement, the impact of interest payment of perpetual bonds has been considered.
2、 Description of operating performance and financial status
In 2021, under the guidance of Xi Jinping socialism with Chinese characteristics in the new era, the bank strengthened its support for the real economy, made steady progress in business development and achieved good business performance. In 2021, the bank realized an operating revenue of 204.557 billion yuan, an increase of 5.05% over the previous year; The total profit was 65.517 billion yuan, an increase of 13.24% over the previous year; The net profit attributable to the bank’s shareholders was 55.641 billion yuan, an increase of 13.60% over the previous year. By the end of 2021, the bank’s non-performing loan ratio was 1.39%, down 0.25 percentage points from the end of the previous year; The provision coverage rate was 182.14%, an increase of 10.46 percentage points over the end of the previous year. By the end of 2021, the bank’s total assets were 8041.418 billion yuan, an increase of 7.06% over the end of the previous year; The owner’s equity attributable to ordinary shareholders of the bank was RMB 511.362 billion, an increase of 8.89% over the end of the previous year.
3、 Risk tips
The main financial data of 2021 contained in this announcement are preliminary accounting data, which may be different from the data audited by the accounting firm disclosed in the bank’s 2021 annual report, but the difference is expected to be no more than 10%. Draw investors’ attention to investment risks.
4、 Documents for future reference
Comparative balance sheet and income statement signed and sealed by the legal representative (Chairman) Zhu Hexin, vice chairman, President and chief financial officer Fang Heying, and head of financial accounting department Xue Fengqing.
It is hereby announced.
China Citic Bank Corporation Limited(601998) board of directors
January 11, 2022
