Chen Jiawen, general manager of CITIC Finance, pointed out today that because the bank made a record high profit last year, based on preliminary estimates, it should have the strength to issue dividends of more than 1 yuan without using capital reserves.

(Photo by reporter Li Lianghui)

[Reporter Li Lianghui/Taipei Report] CITIC Financial, which is deeply loved by stockholders, is still expected to receive a dividend of more than 1 yuan this year.

Chen Jiawen, general manager of CITIC Financial, pointed out today (4) that CITIC Bank’s profit hit a new high last year. According to preliminary estimates, CITIC Financial can still issue dividends of more than 1 yuan without using capital reserves.

CITIC Financial Group participated in the "VISION 2023 National Taiwan University Campus Recruitment Expo" today. Chen Jiawen, the general manager of Financial Holdings, went to the CITIC Financial Holdings booth to explain to Taiwan students the talent recruitment needs of CITIC Financial Holdings this year, and accepted media interviews after the meeting.

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Chen Jiawen said that based on past experience, the main source of dividends comes from banks. Last year, CITIC Bank’s profit hit a record high. Therefore, according to preliminary estimates, CITIC Financial can still issue dividends of more than 1 yuan without using capital reserves. .

However, Chen Jiawen emphasized that there are many factors that affect the dividend decision, including the impact on capital, and the future investment plan needs to be considered at the same time. However, in the preliminary financial trial calculation, there is indeed the ability to pay out, but in the end it still needs to be decided by the board of directors, because This is the responsibility of the board of directors.

It is worth noting that, for Sun Company China Trust Property & Casualty Insurance, when estimating the claims of epidemic prevention insurance last year, factors such as the unblocking of the epidemic in China and the fact that Taiwan’s Ministry of Health and Welfare did not downgrade after the Lunar New Year were not considered. It is estimated that the amount of general claims will increase To 20 billion yuan, the impact on profit will be adjusted as "subsequent events" in the 2022 financial report.

According to CITIC Financial's self-consolidated profit, the consolidated after-tax profit for the whole year of 2022 will be 33.606 billion yuan, an annual decrease of 38%, and the after-tax earnings per share (EPS) will be 1.67 yuan.

Among them, China Trust Bank's annual after-tax profit was 37.142 billion yuan, an annual increase of 25%.

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