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Public company info - China Everbright Bank Co. Ltd. - H Shares , 06818.HK
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China Everbright Bank Co. Ltd. - H Shares, 06818.HK - Company Profile
Chairman -
Share Issued (share) 12,679,000,000
Par Currency Renminbi
Par Value 1.0
Industry Banks
Corporate Profile Business Summary: The Group is a National Joint Stock Commercial Bank committed to establishing ourselves as one of the most innovative commercial banks in China. Performance for the year: During the reporting period, the Group incurred an operating income of RMB142,705 million, a year-on-year increase of RMB9,766 million or 7.35%. Net interest income accounted for 77.57%, up 0.90 percentage point year on year. Net fee and commission income accounted for 17.04%, down 0.39 percentage point year on year. Business Review i.Corporate banking The corporate banking line of the Bank not only fully supported the prevention and control of the COVID-19 pandemic, but also fueled the growth of the real economy. Specifically, loans to the manufacturing sector and private enterprises kept growing rapidly, and inclusive finance of the Bank fulfilled the target of “Two Increases and Two Controls”. The plan of “Customer Multiplication” was vigorously pushed forward, with more efforts put in the operation towards tiered customer groups to build a customer system with characteristics of a wealth management bank, leading to the result that both the number and quality of active corporate customers increased. The transformation to light capital and light assets was accelerated, technology empowerment was enhanced around the industrial chain, and online products were created and upgraded, thus raising the business value of corporate banking. As at the end of the reporting period, the Bank’s corporate banking registered an operating income of RMB59,633 million, an increase of RMB6,358 million or 11.93% compared with the prior year, accounting for 41.79% of the Bank’s total operating income. The number of corporate customers reached 782,900, an increase of 104,200 or 15.35% over the end of the previous year, where the number of active corporate customers was 325,100, up 82,100 or 33.79% over the end of the previous year. ii.Retail banking Focusing on building the digital retail banking and following the guideline of “connecting to scenarios externally, developing platforms internally, adopting data-driven approaches and pursuing integrated operations”, the Bank promoted the digital transformation covering all customers, all channels and all products, and built a full digital service link of customer acquisition, marketing, exploring and access. It innovated the model of retail customer acquisition and tiered operation, which increased the total number and improved the quality of retail customers. It also intensified efforts in the structural adjustment on the liability side, resulting in the increase in retail deposits and optimization of the retail deposit structure. To deepen the transformation of wealth management, the Bank reinforced the formation of the individual customer ecosphere of Wealth E-SBU and saw an increase in wealth management capability and value of retail channels. It advanced the transformation of retail loan business and created hit Sunshine retail loans to support the development of inclusive finance, and continuously improved the asset quality. During the reporting period, operating income from retail banking business stood at RMB58,678 million, up RMB3,995 million or 7.31% over last year, accounting for 41.12% of the total operating income of the Bank. Specifically, net interest income from retail banking was RMB42,186 million, up 9.77% from the same period of last year, accounting for 38.11% of the total net interest income of the Bank. Net non-interest income from retail banking reached RMB16,492 million, up 1.48% from the same period of previous year, accounting for 51.53% of the total net non-interest income of the Bank. iii.Financial market business The Bank promoted financial market business development along with COVID-19 prevention and control, turning the pandemic crisis into an opportunity for development. It continued to firm up the investment and trading business, support the development of real economy, and innovate the Sunshine brand to improve its product value and services. In an enhanced endeavor to advance the transformation of wealth management, the Bank increased the proportion of net-asset-value (NAV) wealth management products, issued multiple featured wealth management products that were related to anti-pandemic, stock index, gold-linked, and public health safety, and went all out to strengthen the brand of its custody business, with increases in both custody scale and income, thus boosting the high-quality development of the financial market business. During the reporting period, the Bank’s financial market business registered an operating income of RMB24,225 million, accounting for 16.98% of the Bank’s total operating income. Prospects: 2021 is a year of special significance in the course of China’s modernization. It marks the centenary celebration of the founding of the Communist Party of China, the beginning year of the 14th Five-Year Plan, and also the starting point for CEB to make new strides toward a higher stage. With Sunshine culture leading the way forward, the whole Bank is highly motivated with a brand-new mindset and fresh outlook, especially after the successful three-year strategy implementation. As all the employees continuously unleash their enthusiasm, initiative and creativity, their sense of honor, pride and mission has risen to an unprecedented level, turning into a strong momentum for future advancement. In 2021, constantly adhering to the strategic goal of “building a first-class wealth management bank”, the Bank will launch the “Leap Development Plan” to break new ground in profitability, operation scale, wealth management, customer base and risk control, holding steadfast to the Bank's goal while writing a new chapter on the Bank's journey. Though the journey ahead is long and arduous, only hard work can lead us out of the woods. Entering into a new development era, the Bank will fully apply the new development philosophy and build a new development pattern. In pursuit of both progress and stability, the Bank will strengthen strategy orientations and innovations, place more focus on wealth management and fintech, and take new strides towards high-quality development, to celebrate the 100th anniversary of the founding of the Communist Party of China with outstanding accomplishments.

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