Annual Report 2012

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1 FINANCIAL HIGHLIGHTSThe financial information set forth in this annual report is prepared on a consolidated basis in accordance with the IFRS, and expressed in RMBunless otherwise stated.(Expressed in millions of RMB unless otherwise stated) 2012 2011 Change (%) 2010 2009 2008For the yearNet interest income 353,202 304,572 15.97 251,500 211,885 224,920Net fee and commission income 93,507 86,994 7.49 66,132 48,059 38,446Other operating income 15,824 7,837 101.91 8,148 9,370 6,381Operating income 462,533 399,403 15.81 325,780 269,314 269,747Operating expenses (171,081) (144,537) 18.36 (121,366) (105,146) (99,193)Impairment losses (40,041) (35,783) 11.90 (29,292) (25,460) (50,829)Profit before tax 251,439 219,107 14.76 175,156 138,725 119,741Net profit 193,602 169,439 14.26 135,031 106,836 92,642Net profit attributable to equity shareholders of the Bank 193,179 169,258 14.13 134,844 106,756 92,599As at 31 DecemberNet loans and advances to customers 7,309,879 6,325,194 15.57 5,526,026 4,692,947 3,683,575Total assets 13,972,828 12,281,834 13.77 10,810,317 9,623,355 7,555,452Deposits from customers 11,343,079 9,987,450 13.57 9,075,369 8,001,323 6,375,915Total liabilities 13,023,219 11,465,173 13.59 10,109,412 9,064,335 7,087,890Total equity attributable to equity shareholders of the Bank 941,732 811,141 16.10 696,792 555,475 465,966Share capital 250,011 250,011 – 250,011 233,689 233,689Core capital 875,752 750,660 16.66 634,683 491,452 431,353Supplementary capital 238,168 189,855 25.45 144,906 139,278 86,794Net capital 1,093,429 924,506 18.27 762,449 608,233 510,416Risk-weighted assets 7,637,705 6,760,117 12.98 6,015,329 5,197,545 4,196,493Per share (In RMB)Basic and diluted earnings per share 0.77 0.68 13.24 0.56 0.45 0.40Final cash dividend proposed after the reporting period 0.268 0.2365 13.32 0.2122 0.202 0.0837Net assets per share 3.80 3.27 16.21 2.80 2.39 2.00Financial ratios (%) 2012 2011 Change +/(-) 2010 2009 2008Profitability indicatorsReturn on average assets 1 1.47 1.47 – 1.32 1.24 1.31Return on average equity 21.98 22.51 (0.53) 22.61 20.87 20.68Net interest spread 2.58 2.57 0.01 2.40 2.30 3.10Net interest margin 2.75 2.70 0.05 2.49 2.41 3.24Net fee and commission income to operating income 20.22 21.78 (1.56) 20.30 17.84 14.25Cost-to-income ratio 2 29.60 29.93 (0.33) 31.55 33.05 30.89Loan-to-deposit ratio 66.23 65.05 1.18 62.47 60.24 59.50Capital adequacy indicatorsCore capital adequacy ratio 3 11.32 10.97 0.35 10.40 9.31 10.17Capital adequacy ratio 3 14.32 13.68 0.64 12.68 11.70 12.16Total equity to total assets 6.80 6.65 0.15 6.48 5.81 6.19Asset quality indicatorsNon-performing loan ratio 0.99 1.09 (0.10) 1.14 1.50 2.21Allowances to non-performing loans 271.29 241.44 29.85 221.14 175.77 131.58Allowances to total loans 2.69 2.64 0.05 2.52 2.63 2.911. Calculated by dividing net profit by the average of total assets at the beginning and end of the year.2. In order to maintain consistency for cost-to-income ratio between the PRC and IFRS reports, as well as taking other banks’ relevant disclosures into considerations, the calculation of such a ratio has beenamended to operating expenses (after deductions of business taxes and surcharges and other business costs) divided by operating income (after deduction of other business costs). The comparative figureshave been amended accordingly.3. Calculated in accordance with the Measures for the Management of Capital Adequacy Ratios of Commercial Banks and the relevant regulations issued by the CBRC.China Construction Bank Corporation annual report 20125
2 CORPORATE INFORMATIONLegal name and abbreviation in ChineseLegal name and abbreviation in EnglishLegal representativeAuthorised representativesSecretary to the BoardRepresentative of securities affairsCompany secretaryQualified accountant (abbreviated as “”)China Construction Bank Corporation (abbreviated as “CCB”)Wang HongzhangZhang JianguoCheng Pui Ling, CathyChen CaihongXu ManxiaCheng Pui Ling, CathyYuen Yiu LeungRegistered address, office address and postcode No. 25, Financial Street, Xicheng District, Beijing 100033Internet websiteEmail addressPrincipal place of business in Hong KongNewspapers for information disclosureWebsite of the Shanghai Stock Exchange for publishingthe annual report prepared in accordance with PRC GAAPWebsite of Hong Kong Stock Exchange for publishingthe annual report prepared in accordance with IFRSPlace where copies of this annual report are keptContact InformationListing stock exchanges, stock abbreviations and stock codeswww.ccb.comir@ccb.com12/F, AIA Central, 1 Connaught Road Central, Central, Hong KongChina Securities Journal and Shanghai Securities Newswww.sse.com.cnwww.hkex.com.hkBoard of Directors Office of the BankAddress: No. 25, Financial Street, Xicheng District, BeijingTelephone: 86-10-66215533Facsimile: 86-10-66218888A-share: Shanghai Stock ExchangeStock abbreviation: Stock code: 601939H-share: The Stock Exchange of Hong Kong LimitedStock abbreviation: CCBStock code: 9396 China Construction Bank Corporation annual report 2012
Page 1 and 2: Annual Report 2012China Constructio
Page 3 and 4: DEFINITIONSIn this annual report, u
Page 5: INTRODUCTIONHeadquartered in Beijin
Page 9 and 10: 2 CORPORATE INFORMATIONForbes Ranke
Page 11 and 12: 3 CHAIRMAN’S STATEMENTDear shareh
Page 13 and 14: 4 PRESIDENT’S REPORTDear sharehol
Page 15 and 16: 5 MANAGEMENT DISCUSSION AND ANALYSI
Page 53 and 54: 6 CHANGES IN SHARE CAPITAL AND PART
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7 CORPORATE GOVERNANCE REPORT7.2 BO
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7 CORPORATE GOVERNANCE REPORTBoard
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7 CORPORATE GOVERNANCE REPORTImpact
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7 CORPORATE GOVERNANCE REPORTAudit
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7 CORPORATE GOVERNANCE REPORTNomina
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7 CORPORATE GOVERNANCE REPORTCompos
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7 CORPORATE GOVERNANCE REPORTIn 201
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7 CORPORATE GOVERNANCE REPORTEffect
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8 PROFILES OF DIRECTORS, SUPERVISOR
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9 REPORT OF THE BOARD OF DIRECTORSP
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9 REPORT OF THE BOARD OF DIRECTORSD
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10 REPORT OF THE BOARD OF SUPERVISO
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11 MAJOR ISSUESMaterial litigations
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11 MAJOR ISSUESInterests in non-lis
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Consolidated statement of comprehen
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Statement of financial positionAs a
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Statement of changes in equityFor t
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Consolidated statement of cash flow
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Notes to the financial statements(E
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14 UNAUDITED SUPPLEMENTARY FINANCIA
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15 ORGANISATIONAL STRUCTUREPublic R
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16 BRANCHES AND SUBSIDIARIESTier-on
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16 BRANCHES AND SUBSIDIARIESBranche
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16 BRANCHES AND SUBSIDIARIESChongqi
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16 BRANCHES AND SUBSIDIARIESZhejian
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Annual Report 2012

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