Financial Performance - Net interest income for the first half of 2021 was RMB 8,448.6 million, an increase of 1.6% compared to RMB 8,312.6 million in the same period of 2020[41]. - Total operating income decreased by 8.3% to RMB 9,717.8 million from RMB 10,591.7 million year-on-year[41]. - Net profit attributable to shareholders increased by 5.5% to RMB 2,079.5 million, compared to RMB 1,972.0 million in the previous year[41]. - The bank's average return on equity improved to 8.38% from 8.28% year-on-year[41]. - The bank's cost-to-income ratio increased to 30.15% from 28.09% year-on-year[41]. - The company's net profit for the six months ended June 30, 2021, was RMB 2.112 billion, representing a year-on-year increase of RMB 0.086 billion or 4.2%[49]. - The company's operating income for the six months ended June 30, 2021, was RMB 9.718 billion, a decrease of RMB 0.874 billion or 8.3% compared to the previous year[49]. Asset Quality - The non-performing loan ratio improved to 2.17% from 2.21% year-on-year[42]. - The coverage ratio for non-performing loans was 153.57%, slightly up from 153.31% year-on-year[42]. - The non-performing loan ratio as of June 30, 2021, was 2.17%, a decrease of 0.04 percentage points from the beginning of the year[48]. - Non-performing loans amounted to RMB 8.37 billion, with a non-performing loan ratio of 2.17%, a decrease of 0.04 percentage points from the end of the previous year[109]. - The total overdue loans amounted to RMB 12,840.5 million, representing 3.34% of the total loan amount, an increase of 0.20 percentage points from the end of 2020[120]. Capital Adequacy - The capital adequacy ratio increased to 13.59% from 13.20% year-on-year[42]. - The bank's total capital adequacy ratio was 13.59%, an increase of 0.39 percentage points from the end of the previous year[123]. - As of June 30, 2021, the core tier 1 capital adequacy ratio was 8.85%, up 0.26 percentage points from the end of the previous year[122]. Loan and Deposit Growth - The net amount of loans issued increased by 8.0% to RMB 375,314.1 million from RMB 347,656.8 million year-on-year[42]. - The company's deposit balance (excluding accrued interest) was RMB 448.500 billion, an increase of RMB 23.518 billion or 5.5% since the beginning of the year[48]. - Total deposits reached RMB 448.50 billion, an increase of RMB 23.52 billion or 5.5% from the end of the previous year, driven by improved financial services[100]. - The total amount of loans and advances issued was RMB 387.68 billion, an increase of RMB 27.97 billion or 7.8% from the end of the previous year[88]. Digital Transformation - The bank aims to enhance its digital banking capabilities and has initiated a three-phase digital transformation plan[46]. - The bank's digital transformation includes the establishment of a comprehensive customer experience management platform, enhancing real-time monitoring capabilities[46]. - The bank actively supports the development of private small and micro enterprises through various financial services and digital transformation strategies[125]. Operational Efficiency - Operating expenses were RMB 3.032 billion, a decrease of RMB 38 million, or 1.2% year-on-year, due to enhanced cost management[78]. - Employee costs for the first half of 2021 were RMB 1.78 billion, a decrease of RMB 0.18 billion or 1.0% year-on-year, primarily due to a decline in salaries, bonuses, and allowances[80]. - The company's impairment losses for the first half of 2021 were RMB 4.38 billion, a decrease of RMB 0.75 billion or 14.6% year-on-year, due to enhanced credit risk management[81]. Customer Engagement - The company’s online banking clients reached 150,000, with a total transaction amount of RMB 16 trillion, accounting for 83.54% of total transactions in the corporate banking segment[137]. - The number of retail customers reached 18.32 million, with an increase of 1.22 million, reflecting a growth of 7.15%[141]. - The credit card business issued a total of 2.8832 million cards, with a transaction volume of RMB 47.079 billion, representing a year-on-year increase of 23.05%[150]. Risk Management - The bank maintained stable asset quality during the reporting period, optimizing the credit structure and ensuring appropriate credit concentration[170]. - The bank established a comprehensive market risk management framework, enhancing the identification, measurement, monitoring, and reporting processes for market risks[171]. - The bank's liquidity situation remained ample, with all major liquidity regulatory indicators meeting and continuously improving regulatory requirements[174]. Shareholder Information - The bank's total issued ordinary shares amount to 20,075,000,000, including 3,795,000,000 H-shares and 16,280,000,000 domestic shares[180]. - The major shareholder, Henan Investment Group Co., Ltd., holds 10.25% of the total issued ordinary shares, amounting to 2,057,285,479 shares[181]. - The company has not bought, sold, or redeemed any of its listed securities in the six months ending June 30, 2021[190].

Financial Performance - Total assets of Zhongyuan Bank reached RMB 757.483 billion as of December 2020[6] - Interest income increased by 5.5% to RMB 16,565.0 million in 2020 compared to 2019[9] - Net profit attributable to shareholders rose by 4.3% to RMB 3,300.8 million in 2020[9] - Total assets grew by 6.7% to RMB 757,482.5 million in 2020[10] - Net loans and advances increased by 19.4% to RMB 347,656.8 million in 2020[10] - Customer deposits rose by 10.7% to RMB 431,341.4 million in 2020[10] - Non-performing loan ratio slightly decreased to 2.21% in 2020 from 2.23% in 2019[10] - Provision coverage ratio improved to 153.31% in 2020 from 151.77% in 2019[10] - Capital adequacy ratio increased to 13.20% in 2020 from 13.02% in 2019[10] - Cost-to-income ratio decreased to 35.61% in 2020 from 38.45% in 2019[9] - Total assets reached RMB 757.483 billion, with operating income of RMB 19.428 billion and net profit of RMB 3.355 billion in 2020[13] - Total assets reached RMB 757.483 billion, an increase of RMB 47.598 billion (6.7%) compared to the beginning of the year[16] - Deposit balance (excluding accrued interest) was RMB 424.982 billion, up RMB 39.936 billion (10.4%) year-on-year[16] - Total loans (excluding accrued interest) amounted to RMB 357.026 billion, an increase of RMB 57.821 billion (19.3%) from the beginning of the year[16] - Net profit for the year was RMB 3.355 billion, with a cost-to-income ratio of 35.61%, down 2.84 percentage points year-on-year[16] - Total assets reached RMB 757.483 billion, an increase of RMB 47.598 billion, up 6.7% year-on-year[23] - Total loans (excluding accrued interest) amounted to RMB 357.026 billion, an increase of RMB 57.821 billion, up 19.3% year-on-year[23] - Deposit balance (excluding accrued interest) reached RMB 424.982 billion, an increase of RMB 39.936 billion, up 10.4% year-on-year[23] - Operating income reached RMB 19.428 billion, an increase of RMB 406 million, up 2.1% year-on-year[23] - Net profit reached RMB 3.355 billion, an increase of RMB 149 million, up 4.6% year-on-year[23] - Net interest margin and net interest spread were 2.48% and 2.36%, respectively, maintaining industry-leading levels[23] - Risk-weighted assets (RWA) coefficient decreased to 72.6%, down 3.2 percentage points year-on-year[23] - Interest income increased by RMB 1,593.6 million (5.4%) to RMB 30,946.0 million in 2020 compared to 2019[29] - Net interest income rose by RMB 857.3 million (5.5%) to RMB 16,565.0 million in 2020[29] - Net profit attributable to shareholders grew by RMB 137.0 million (4.3%) to RMB 3,300.8 million in 2020[29] - Total interest-earning assets increased to RMB 667,676.9 million in 2020, with an average yield of 4.63%[32] - Total interest-bearing liabilities rose to RMB 632,431.6 million in 2020, with an average cost of 2.27%[32] - Net interest margin decreased to 2.48% in 2020 from 2.67% in 2019[32] - Loans and advances increased by RMB 34,912.5 million (11.9%) to RMB 328,175.2 million in 2020[32] - Investment securities and other financial assets grew by RMB 16,120.0 million (8.2%) to RMB 213,261.0 million in 2020[32] - Customer deposits increased by RMB 26,723.5 million (7.0%) to RMB 408,663.2 million in 2020[32] - Interest income from loans and advances increased by RMB 532.8 million due to a combination of volume growth and rate changes[35] - Interest income for 2020 reached RMB 30.946 billion, an increase of RMB 1.594 billion, up 5.4% year-on-year, primarily due to the growth in loans and advances[37] - Loans and advances interest income for 2020 was RMB 18.212 billion, up RMB 533 million, a 3.0% increase, driven by loan balance growth from RMB 293.263 billion to RMB 328.175 billion[38] - Investment securities and other financial assets interest income decreased by RMB 670 million, down 7.2% to RMB 8.588 billion, mainly due to a 0.67 percentage point drop in average yield[40] - Interest expense for 2020 was RMB 14.381 billion, up RMB 736 million, a 5.4% increase, driven by growth in deposit scale and average interest payment rate[46] - Deposit interest expense increased by RMB 736 million, up 10.0% to RMB 8.091 billion, due to higher average deposit balance and interest payment rate[47] - Net interest margin decreased from 2.58% to 2.36%, and net interest yield dropped from 2.67% to 2.48%, influenced by rising deposit interest rates and declining market rates[51] - Fee and commission net income for 2020 was RMB 1.786 billion, up RMB 19 million, a 1.1% increase, supported by business transformation and fee reduction policies[52] - Bank card service fee income increased by RMB 151.2 million (54.3%) to RMB 429.7 million, driven by the development of credit card business and increased transaction volume[53] - Wealth management service fee income rose by RMB 76.4 million (20.9%) to RMB 442.4 million, attributed to improved product offerings and increased scale of wealth management products[54] - Underwriting business income surged by RMB 231.0 million (77.1%) to RMB 530.7 million, benefiting from the company's B-class lead underwriter qualification and rapid growth in bond underwriting[55] - Trading net loss decreased by RMB 468 million to RMB 185 million, primarily due to foreign exchange rate fluctuations influenced by global economic conditions[56] - Investment securities net income increased by RMB 24 million to RMB 1.135 billion, driven by higher fair value gains on financial investments[57] - Operating expenses decreased by RMB 368 million (4.9%) to RMB 7.119 billion, reflecting cost control measures and a shift towards a lighter cost operation model[58] - Employee costs decreased by RMB 325 million (7.7%) to RMB 3.889 billion, mainly due to reduced social insurance expenses following policy adjustments[60] - Impairment losses increased by RMB 700 million (9.8%) to RMB 7.849 billion, as the company strengthened provisions in response to the ongoing impact of the pandemic[61] - Total assets grew by RMB 47.6 billion (6.7%) to RMB 757.483 billion, with loans and advances and investment securities being the main components[66] - Total loans and advances increased to RMB 3,570.26 billion, up by RMB 578.21 billion (19.3%) compared to the previous year[68] - Corporate loans amounted to RMB 1,503.71 billion, accounting for 42.1% of total loans and advances, an increase of RMB 85.62 billion (6.0%) year-over-year[70] - Personal loans reached RMB 1,705.01 billion, a significant increase of RMB 390.76 billion (29.7%) compared to the previous year, driven by support for social consumption growth[72] - Bill discounts increased to RMB 361.54 billion, up by RMB 101.82 billion (39.2%) year-over-year, reflecting the company's efforts to support short-term financing needs[74] - Investment securities and other financial assets decreased to RMB 2,393.98 billion, down by RMB 126.70 billion (5.0%) compared to the previous year, primarily due to reduced investments in interbank certificates of deposit and trust plans[75] - The proportion of personal housing loans within personal loans decreased to 50.1% from 53.0% year-over-year, while personal business loans increased to 24.9% from 20.8%[73] - Credit loans within corporate loans increased to 11.9% from 7.4% year-over-year, reflecting a shift in lending strategies[71] - The total assets of the company amounted to RMB 757.48 billion, with loans and advances net of impairment losses accounting for 45.9% of total assets[67] - Total investment securities and other financial assets amounted to RMB 239.4 billion, with bonds accounting for 57.0% (RMB 136.4 billion) and other financial assets accounting for 41.8% (RMB 100.1 billion) as of December 31, 2020[77] - Buyback financial assets decreased by 6.1% to RMB 15.82 billion, while cash and deposits with the central bank decreased by 9.4% to RMB 65.34 billion as of December 31, 2020[78] - Total liabilities increased by 7.1% to RMB 6,981.27 billion, with customer deposits accounting for 61.8% (RMB 431.34 billion) as of December 31, 2020[79][80] - Customer deposits increased by 10.4% to RMB 424.98 billion, driven by improved financial services[81] - Corporate deposits accounted for 52.0% (RMB 224.49 billion) of total deposits, while personal deposits accounted for 46.5% (RMB 200.49 billion) as of December 31, 2020[82] - Interbank and other financial institution deposits decreased by 3.6% to RMB 59.39 billion as of December 31, 2020[83] - Borrowed funds increased by 11.2% to RMB 31.21 billion as of December 31, 2020[84] - Issued bonds decreased by 4.6% to RMB 76.06 billion as of December 31, 2020[85] - Repurchase financial assets decreased by 30.7% to RMB 46.14 billion as of December 31, 2020[86] - Total shareholders' equity increased by 2.6% to RMB 59.36 billion, with attributable equity increasing by 2.7% to RMB 58.26 billion as of December 31, 2020[87] - Total shareholder equity increased to RMB 59,355.3 million in 2020, up from RMB 57,831.0 million in 2019, with a slight decrease in the percentage of equity attributable to the bank's shareholders from 98.1% to 98.2%[88] - The bank's off-balance sheet credit commitments decreased to RMB 68,424.0 million in 2020 from RMB 82,800.2 million in 2019, with a significant drop in loan commitments from RMB 20,392.3 million to RMB 8,339.9 million[89] - Non-performing loan (NPL) balance increased to RMB 7,882.9 million in 2020, up from RMB 6,678.7 million in 2019, while the NPL ratio slightly decreased from 2.23% to 2.21%[90] - The proportion of normal loans increased to 95.16% in 2020 from 94.25% in 2019, while the proportion of special mention loans decreased to 2.63% from 3.51%[91] - Corporate NPLs increased to RMB 5,703.2 million in 2020, up from RMB 5,106.1 million in 2019, with the NPL ratio rising from 3.60% to 3.79%[92] - Personal NPLs increased to RMB 1,705.7 million in 2020, up from RMB 1,098.6 million in 2019, with the NPL ratio rising from 0.84% to 1.00%[92] - The bank's short-term corporate loans decreased to RMB 76,530.4 million in 2020 from RMB 85,292.7 million in 2019, with the NPL ratio for short-term loans decreasing from 5.45% to 3.97%[92] - Personal housing mortgage loans increased to RMB 85,418.4 million in 2020 from RMB 69,705.2 million in 2019, with the NPL ratio increasing from 0.09% to 0.23%[92] - The bank's retail business transformation achieved positive results, focusing on digital transformation and improving customer experience through online and offline channels[94] - The bank actively managed risks by writing off, cash recovery, and loan restructuring to resolve personal NPLs, while strengthening risk control throughout the entire process to prevent new NPLs[94] - Manufacturing sector non-performing loans increased by RMB 323 million, with the non-performing loan ratio rising by 0.88 percentage points to 8.93%[96] - Wholesale and retail sector non-performing loans increased by RMB 240 million, with the non-performing loan ratio rising by 2.69 percentage points to 11.27%[96] - Agriculture, forestry, animal husbandry, and fishery sector non-performing loans decreased by RMB 27 million, but the non-performing loan ratio increased by 1.70 percentage points to 14.70%[96] - Guaranteed loans non-performing loans increased by RMB 492 million, with the non-performing loan ratio rising by 0.92 percentage points to 5.18%[98] - Mortgage loans non-performing loans increased by RMB 503 million, but the non-performing loan ratio decreased by 0.02 percentage points to 1.73%[98] - Total company loans amounted to RMB 150,371 million, accounting for 42.1% of total loans, with a non-performing loan ratio of 3.79%[95] - Total personal loans amounted to RMB 170,501.3 million, accounting for 47.8% of total loans, with a non-performing loan ratio of 1.00%[95] - Total loans amounted to RMB 357,025.9 million, with a non-performing loan ratio of 2.21%[95] - Credit loans non-performing loans increased to RMB 796.8 million, with the non-performing loan ratio rising to 2.04%[97] - Pledged loans non-performing loans decreased to RMB 255.3 million, with the non-performing loan ratio decreasing to 0.40%[97] - The bank's loan balance to any single borrower did not exceed 10% of the bank's net capital as of December 31, 2020[99] - The total loan balance to the top 10 single borrowers was RMB 14.622 billion, accounting for 4.1% of the bank's total loans[99] - The bank's overdue loan balance was RMB 11.209 billion as of December 31, 2020, an increase of RMB 1.267 billion from the previous year, with the overdue loan ratio decreasing by 0.18 percentage points to 3.14%[102] - The bank's core tier 1 capital adequacy ratio, tier 1 capital adequacy ratio, and capital adequacy ratio were 8.59%, 10.35%, and 13.20% respectively as of December 31, 2020, showing slight increases from the previous year[104] - The bank's corporate banking business generated revenue of RMB 10.322 billion, accounting for 53.1% of total operating revenue in 2020[103] - The bank's retail banking business revenue was RMB 6.4367 billion, representing 33.1% of total operating revenue in 2020[103] - The bank's corporate deposit balance reached RMB 224.49 billion as of December 31, 2020, an increase of RMB 13.452 billion or 6.37% from the beginning of the year[106] - The bank's average daily corporate deposit balance for the year was RMB 218.195 billion, an increase of RMB 13.486 billion or 6.59% from the previous year[106] - Total corporate customers reached 230,000, an increase of 25,000 from the previous year[107] - Strategic customer coverage rate reached 84%, with credit asset balance increasing by RMB 3.4 billion, up 5.0% YoY[108] - Strategic corporate deposit balance increased by RMB 1.9 billion, a growth of 4.9% YoY[108] - Institutional deposit daily average balance was RMB 91.267 billion, a decrease of RMB 36.503 billion YoY[109] - Small and micro enterprise customers served exceeded 65,000, with a loan balance of RMB 122.273 billion[110] - Newly issued inclusive small and micro loans had a weighted average interest rate of 4.80%, with 63,912 loan accounts, an increase of 27,370 YoY[110] - Inclusive small and micro loan balance reached RMB 50.813 billion, an increase of RMB 8.785 billion YoY[110] - The company assisted 2,422 small and micro customers affected by the pandemic, involving loans totaling RMB 2.963 billion[110] - Cumulative loans issued to 3,366 enterprises amounted to RMB 15.693 billion[110] - The company launched innovative products such as "Super V Loan" for

Financial Performance - Net interest income for the first half of 2020 was RMB 8,220.5 million, an increase of 8.3% compared to RMB 7,591.7 million in the same period of 2019[9]. - Total operating income reached RMB 10,591.7 million, reflecting a growth of 9.7% from RMB 9,657.5 million year-on-year[9]. - The bank's net profit attributable to shareholders was RMB 1,972.0 million, down 4.9% from RMB 2,074.5 million in the previous year[9]. - The pre-provision profit reached RMB 7.507 billion, up RMB 1.181 billion, reflecting an 18.7% increase compared to the previous year[16]. - The bank achieved an operating income of RMB 10.592 billion, an increase of RMB 934 million, representing a growth of 9.7% year-on-year[16]. - The company achieved operating revenue of RMB 1.95 billion, an increase of 10.2%[21]. - The net profit before provisions for the first half of 2020 was RMB 7.507 billion, a year-on-year growth of 18.7%, while net profit decreased by 2.5% to RMB 2.026 billion[22]. Asset Quality - The non-performing loan ratio increased to 2.27%, up from 2.23% at the end of 2019, indicating a slight deterioration in asset quality[10]. - The coverage ratio for non-performing loans was 151.39%, slightly down from 151.77% in the previous year[10]. - The non-performing loan ratio improved to 2.27%, with a maintained excellent level of new loan non-performing rate below 1% since establishment[21]. - The non-performing loan balance was RMB 7.65 billion, an increase of RMB 0.97 billion, with a non-performing loan ratio of 2.27%, up 0.04 percentage points from the end of the previous year[88]. - The increase in corporate NPLs was primarily due to the bank's focus on small and medium-sized enterprises, which are more vulnerable to economic downturns[93]. Capital and Liquidity - The capital adequacy ratio stood at 13.00%, a decrease of 0.02 percentage points compared to the previous year[10]. - Total assets increased by 2.0% to RMB 723,807.7 million from RMB 709,885.0 million at the end of 2019[10]. - Total liabilities as of June 30, 2020, were RMB 664.94 billion, an increase of RMB 12.88 billion or 2.0% from the previous year-end[77]. - The total equity attributable to shareholders was RMB 577.57 billion, an increase of RMB 1.01 billion or 1.8% compared to the end of the previous year, primarily due to profit growth during the reporting period[85]. - The bank's total capital adequacy ratio was 13.00%, a slight decrease of 0.02 percentage points from the previous year-end[106]. Loan and Deposit Growth - The bank's loan-to-deposit ratio improved to 80.70%, up from 77.71% at the end of 2019[10]. - Total deposits reached RMB 402.89 billion, with a year-on-year increase of 7.7% from RMB 374.27 billion[47]. - The total amount of loans and advances (excluding accrued interest) reached RMB 337.610 billion, an increase of RMB 38.405 billion or 12.8% compared to the end of the previous year[66]. - The personal loan balance reached RMB 161.70 billion, with an increase of RMB 30.27 billion, reflecting a growth of 23.03%[129]. - The balance of micro and small enterprise loans was RMB 132.861 billion, serving over 51,300 enterprises[115]. Operational Efficiency - The bank's cost-to-income ratio improved to 28.09%, down from 33.65% in the previous year, indicating better operational efficiency[9]. - Operating expenses decreased by RMB 262 million, a decline of 7.9%, as the company implemented cost control measures[56]. - The bank's strategy includes continuous product innovation and expanding its service channels to drive deposit growth and enhance customer engagement[46]. Digital Transformation and Innovation - The bank is focusing on digital transformation, enhancing data support capabilities, and applying technologies like big data and artificial intelligence in asset management and risk control[171]. - The bank's retail loan products have seen significant online processing improvements, with the "Ju Shang Quick Loan" product achieving a credit limit of RMB 150 million within 10 days of launch[128]. - The bank launched the "Zhongyuan Ju Shang Kuai Dai" online loan product, enhancing accessibility for small and micro enterprises[18]. - The bank's online sales of high-net-worth products were optimized, ensuring quality asset allocation services during the pandemic[137]. Customer Base and Market Presence - Retail customer base reached 15.79 million, with an increase of 846,700 customers since the beginning of the year[20]. - The number of corporate clients reached 218,000, an increase of 13,000 from the beginning of the year[111]. - The number of high-net-worth clients (wealth management) increased to 29,300, with a growth of 15.81%, and the management assets reached RMB 72.39 billion, up by RMB 13.06 billion, a 22.00% increase[131]. - The bank's customer base increased by 370,000, with a customer reputation rate rising from 3.83% at the beginning of the year to 74%[135]. Risk Management - The bank established a reputation risk management system, enhancing monitoring and response capabilities to reputation risk events[169]. - The liquidity risk management system has been continuously improved, with major liquidity regulatory indicators meeting requirements and showing improvement[165]. - The bank's information technology risk management received a 2B rating from the China Banking and Insurance Regulatory Commission, marking an increase from the previous year and reflecting continuous improvement in risk management capabilities[167]. Shareholder Structure - The total issued ordinary shares of the bank remain at 20,075,000,000, including 3,795,000,000 H-shares and 16,280,000,000 domestic shares[173]. - The bank does not have a controlling shareholder or actual controller as of the reporting period[174]. - The ownership structure includes both state-owned and private enterprises, with significant stakes held by state-owned entities[175].

Financial Performance - Net interest income for 2019 was RMB 15,609.6 million, an increase of 13.6% compared to RMB 13,744.2 million in 2018[11]. - Net fee and commission income rose to RMB 1,865.6 million, reflecting a significant increase of 45.7% from RMB 1,280.2 million in the previous year[11]. - Total operating income reached RMB 19,021.8 million, marking a 13.3% growth from RMB 16,783.6 million in 2018[11]. - Pre-tax profit increased by 46.6% to RMB 4,360.6 million, up from RMB 2,974.6 million in 2018[11]. - Net profit attributable to shareholders was RMB 3,163.8 million, a 31.0% increase compared to RMB 2,414.6 million in the previous year[11]. - The net profit for the year was RMB 3.206 billion, representing a year-on-year growth of 35.5%[14]. - The pre-provision profit reached RMB 11.509 billion, up RMB 1.683 billion, with a growth rate of 17.1% year-on-year[22]. - The company achieved operating revenue of RMB 19.022 billion, an increase of RMB 2.238 billion, representing a growth of 13.3% year-on-year[22]. Asset and Liability Management - As of December 31, 2019, Zhongyuan Bank's total assets reached RMB 709.885 billion, an increase of 14.4% compared to the beginning of the year[8]. - The bank's total assets grew by 14.4% to RMB 709,885.0 million, up from RMB 620,444.3 million in 2018[12]. - Total liabilities reached RMB 652.05 billion, an increase of RMB 87.29 billion, reflecting a growth of 15.5% year-over-year[78]. - The total amount of issued bonds was RMB 797.20 billion, a decrease of RMB 135.57 billion, reflecting a decline of 14.5%[83]. - The balance of interbank and other financial institution deposits was RMB 61.58 billion, an increase of RMB 0.08 billion, representing a growth of 1.3%[81]. Loan and Deposit Growth - The loan balance (excluding accrued interest) was RMB 299.205 billion, an increase of RMB 44.835 billion compared to the end of the previous year[16]. - The deposit balance (excluding accrued interest) was RMB 385.046 billion, an increase of RMB 38.857 billion compared to the end of the previous year[16]. - The total amount of loans to corporate clients was RMB 141.81 billion, with a year-to-date increase of RMB 11.53 billion, reflecting an 8.85% growth[111]. - Retail savings deposits reached RMB 174.01 billion, an increase of RMB 26.3 billion, representing a growth rate of 17.81%[125]. Non-Performing Loans and Asset Quality - The non-performing loan ratio improved to 2.23%, down from 2.44% in 2018, indicating better asset quality[12]. - The non-performing loan (NPL) amount was RMB 6,678.7 million, with a non-performing loan ratio of 2.23%, a slight improvement from 2.44% in the previous year[90]. - The total amount of non-performing loans increased by RMB 471.9 million in the corporate sector, primarily due to economic downturns affecting clients' repayment abilities[94]. - The overdue loans decreased by RMB 0.97 billion compared to the previous year, indicating improved loan quality[104]. Digital Transformation and Innovation - The bank aims to enhance its financial technology capabilities and has initiated a digital transformation since 2018 to build an agile and future-oriented bank[8]. - The bank is advancing digital transformation to enhance service efficiency and risk management capabilities[15]. - The company's digital transformation has advanced significantly, launching six major technology platforms and nine data platforms to support its strategic initiatives[18]. - The bank's digital strategy includes the implementation of big data applications and the establishment of a marketing system linking branches and headquarters[165]. Customer Base and Market Expansion - The number of retail effective customers reached 4.448 million, while the number of corporate effective customers was 33,000[16]. - The total number of retail customers reached 14.95 million, with an increase of 2.57 million, representing a growth rate of 20.73%[127]. - The number of small and micro enterprise clients served exceeded 38,000, with a loan balance of RMB 42.028 billion, an increase of RMB 7.667 billion from 2018[115]. - The bank's cash management account number reached 9,600, a growth of 281.05%, with a daily average deposit balance of RMB 51 billion, an increase of 45.37% from the previous year[119]. Corporate Governance and Management - The supervisory board elected Mr. Hao Jingtao and Ms. Jia Jihong as chairman and vice-chairman respectively on March 28, 2019[193]. - The company has a diverse management team with various roles including risk management and strategic development[192]. - The board's composition reflects a balance of executive and independent directors, promoting effective oversight and decision-making[197][198]. - The company is committed to maintaining high standards of corporate governance, as demonstrated by the qualifications and backgrounds of its directors[200]. Awards and Recognition - Zhongyuan Bank has been recognized as one of the "Top Ten City Commercial Banks" for five consecutive years by the Financial Times[8]. - The bank won multiple awards in 2019, including the "Best New Media Marketing Service Innovation Award" for its WeChat banking service[9]. - The bank's wealth management series received multiple awards, including the "Outstanding Wealth Management Award" from Shanghai Securities Journal[140].

Financial Performance - Net interest income for 2018 was RMB 13,744.2 million, an increase of 12.6% from RMB 12,201.3 million in 2017[16]. - Total operating income reached RMB 16,783.6 million, reflecting a growth of 31.0% compared to RMB 12,815.5 million in 2017[16]. - The net profit attributable to shareholders was RMB 2,414.6 million, down 37.1% from RMB 3,838.7 million in 2017[16]. - The bank's total assets as of December 31, 2018, amounted to RMB 620,444.3 million, an increase of 18.9% from RMB 521,989.8 million in 2017[17]. - The non-performing loan ratio stood at 2.44%, up from 1.83% in 2017[17]. - The capital adequacy ratio was 14.37%, compared to 13.15% in 2017[17]. - The bank's loan-to-deposit ratio was 73.48%, indicating a stable liquidity position[17]. - The average return on total assets decreased to 0.41% from 0.82% in 2017[16]. - The bank's core tier 1 capital adequacy ratio was 9.44%, down from 12.15% in 2017[17]. - The bank's total operating income was RMB 16.784 billion, reflecting a growth of 31.0% year-on-year[36]. - The net profit attributable to shareholders was RMB 2.42 billion, a decrease of RMB 1.42 billion or 37.1% year-on-year[32]. - The bank achieved a pre-provision profit of RMB 9.826 billion, a year-on-year increase of 39.2%[35]. Asset and Loan Growth - As of December 31, 2018, Zhongyuan Bank's total assets amounted to RMB 620.44 billion, with total deposits (excluding accrued interest) of RMB 346.19 billion and total loans (excluding accrued interest) of RMB 254.37 billion[11]. - The total deposits (excluding accrued interest) amounted to RMB 346.19 billion, with a net increase of RMB 39.48 billion, representing a growth of 12.9%[20]. - The total loans (excluding accrued interest) reached RMB 254.37 billion, with a net increase of RMB 55.47 billion, marking a growth of 27.9%[20]. - The total loan amount as of December 31, 2018, was RMB 254.37 billion, compared to RMB 198.90 billion the previous year, indicating significant growth in the loan portfolio[125]. - The bank's total loans and advances amounted to RMB 254.370 billion, with normal loans accounting for 93.64%[110]. - Corporate loans constituted RMB 130,280.9 million, representing 51.2% of total loans, with a year-over-year increase of RMB 174.31 million, or 15.4%[82]. - Personal loans reached RMB 105,170.5 million, up RMB 312.39 million, marking a 42.3% increase compared to the previous year[85]. - Discounted bills amounted to RMB 18,918.8 million, reflecting a significant increase of RMB 67.97 million, or 56.1%[87]. Customer Base and Retail Banking - The number of retail customers reached 12.38 million, while the total number of corporate customers was 193,000[24]. - The bank's retail business underwent a complete transformation, with credit card issuance surpassing 1 million, setting a record for the first year of public issuance among domestic banks[26]. - The total number of credit cards issued reached 1.0288 million, with 980,000 new cards issued in 2018, ranking first in both growth and increment among regional banks[155]. - The total transaction volume for credit cards was 10.4411 million transactions, amounting to RMB 16.418 billion, which is 8.5 times the total transaction amount for 2017[155]. - The total income from credit card business was RMB 100.2816 million, representing a 7.87 times increase compared to the previous year[155]. - The bank's personal online banking platform added 145,100 new users, with a total transaction volume of 3.2723 million, reflecting a year-on-year increase of 65.5%[162]. - The bank's cash management customer count reached 2,522, a year-on-year increase of 267.10%, with a RMB 350.83 billion deposit balance, up 38.72% year-on-year[143]. Digital Transformation and Innovation - The bank is committed to digital transformation, aiming to establish a digital bank and technology bank through agile methodologies and financial technology[22]. - The bank's digital transformation strategy is actively promoting online systems for transaction banking, enhancing customer experience and operational efficiency[141]. - The bank received the "Best Online Banking User Experience Award" at the 2018 China Electronic Banking Gold List Awards, recognizing its innovations in electronic banking[138]. - The bank launched innovative products such as "Enterprise Sustainable Loans" and "Technology Loans" to alleviate financing difficulties for small and micro enterprises[25]. - The bank's technology investments focus on building a comprehensive service ecosystem and enhancing its technological capabilities through external collaborations[164]. - The bank's strategy includes enhancing support for the real economy through innovative financial products targeting small and micro enterprises[45]. Risk Management - The bank emphasizes risk awareness and management, aiming to improve its risk control capabilities in response to new challenges[22]. - The bank's risk management system was effective, with no major risk events reported during the period, emphasizing proactive risk management and quality improvement[170]. - The bank's credit risk management strategy included a focus on new materials, new technologies, and modern agriculture, aligning with national policy requirements[171]. - The bank has adopted big data risk control technologies, launching retail big data risk decision models to improve risk management efficiency[172]. - The bank's liquidity risk management system is robust, with major liquidity regulatory indicators meeting requirements, ensuring a relatively ample liquidity situation[177]. Awards and Recognition - The bank was listed on the Hong Kong Stock Exchange on July 19, 2017, and has received multiple accolades, including "Best Listed Bank" and "Outstanding Urban Commercial Bank of the Year"[11]. - Zhongyuan Bank has been recognized as one of the "Top Ten Urban Commercial Banks" for four consecutive years by the Financial Times[11]. - The bank received multiple awards in 2018, including the "Best IPO Award" and "Best Innovative Bank Award" for its financial technology[13]. Shareholder Information - The bank issued a total of 20,075,000,000 shares, including 3,795,000,000 H shares and 16,280,000,000 domestic shares[186]. - The top ten shareholders hold a total of 6,143,419,209 shares, accounting for approximately 30.60% of the bank's total issued shares[187]. - Major shareholders include Henan Investment Group Co., Ltd. with 7.01% and Yongcheng Coal and Electricity Holding Group Co., Ltd. with 5.76% of shares[187].