Mr. Gu
Chairman of ABC
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Agricultural Bank Of Chin (ACGBF) Q4 2023 Earnings Call
Agricultural Bank Of Chin (OTC: ACGBF) Q4 2023 earnings conference call, held 2024-03-28. Replay captured from the company's public earnings webcast.
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WEBVTT 00:00:00.942 -- 00:00:04.404 Ladies and gentlemen, good afternoon. 00:00:05.770 -- 00:00:10.618 Welcome. I would like to say welcome to all the investors, analysts and media friends 00:00:10.618 -- 00:00:16.224 to attend the 2023 annual results announcement of the ABC. 00:00:17.249 -- 00:00:20.990 Well, actually, for ABC, 00:00:20.990 -- 00:00:25.016 We have left Hong Kong for eight years in terms 00:00:25.016 -- 00:00:30.225 of the convening of our announcements. So we are very happy to come 00:00:30.225 -- 00:00:35.753 back to Hong Kong to have this face-to-face meeting with all of you. 00:00:35.753 -- 00:00:40.761 And also we have a lot of friends, analysts attending this 00:00:40.761 -- 00:00:46.505 conference online or in Beijing's venue. And today we also have... 00:00:46.505 -- 00:00:48.066 management 00:00:48.066 -- 00:00:53.191 representatives as well as independent directors attending this conference. 00:00:53.191 -- 00:00:57.855 So we can start from our operating 00:00:57.855 -- 00:01:00.097 results of 2023 00:01:00.097 -- 00:01:02.239 for the ABC. 00:01:02.239 -- 00:01:07.804 And last year, China's economy rebounded, paving a solid foundation for 00:01:07.804 -- 00:01:10.546 the development of finance industry. 00:01:10.546 -- 00:01:15.158 And our performance was also pretty good last year. 00:01:15.158 -- 00:01:21.200 So to sum it up, I think there are two points worth mentioning. 00:01:21.200 -- 00:01:26.567 One, the first one is that our operating revenue 00:01:26.567 -- 00:01:32.073 is experiencing steady growth. Our net profits was 269.8 00:01:32.073 -- 00:01:33.936 billion 00:01:33.936 -- 00:01:36.178 yuan, a growth rate 4.2%, 00:01:36.178 -- 00:01:38.821 and ROE is 10.91%. 00:01:38.821 -- 00:01:44.328 Our operating income was 694.8 billion y...