Zitong Financial App Newsletter$HSBC Holdings PLC (00005.HK) $Release 2021 results. The benchmark income of the company was $49.55 billion, down 1.74% from the same period last year; the profit attributable to the common shareholders of the parent company was $12.607 billion, up 223.4% from the same period last year; and basic earnings per share were $0.62. It is proposed to pay out $0.18 per share.

The decline in revenue was due to a decline in global interest rates and a decline in revenue from capital markets and securities services, the statement said. In 2021, the accounting basis for profit after tax was $14.7 billion, due to expected credit losses and net reversal of other credit impairment provisions, as well as an increase in profits attributable to associates. Adjusted pre-tax profit increased 79 per cent to $21.9 billion.

According to the announcement, the company's net interest yield will be 1.2% in 2021, down 12 basis points from 2020. The accounting benchmark recorded a net reversal of credit losses of $900 million, compared with a provision of $8.8 billion in 2020. The benchmark operating expenditure is $34.6 billion. The common equity tier one capital ratio was 15.8%, down 0.1 percentage points.

In addition, the Group also intends to propose a further repurchase of up to US $1 billion of shares, which will commence after the completion of the current repurchase of up to US $2 billion.