天津銀行股份有限公司* ( 於中華人民共和國註冊成立的股份有限公司 ) ( 股份代號 : 1578) 2 0 2 4 中期報告 * 天津銀行股份有限公司根據香港銀行業條例（香港法例第155章）並非一家認可機構，並非受限於香港金融管理局的監督，及不 獲授權在香港經營銀行及╱或接受存款業務。 1 天津銀行股份有限公司 中期報告2024 釋義 2 公司簡介及基本情況 4 戰略定位與企業文化 7 榮譽獎項及重大媒體報道 8 會計數據及財務指標概要 14 管理層討論與分析 18 股本變動及股東資料 77 董事、監事、高級管理人員及僱員 82 重要事項 89 獨立審計師審閱報告 96 中期財務報表 97 未經審計補充財務信息 146 分支機構一覽表 149 目 錄 2 天津銀行股份有限公司 中期報告2024 釋義 在本中期報告中，除非文義另有所指，否則下列詞語具有如下涵義： | --- | --- | --- | |--------------------|-------|--------------------------------------------------------------------------- ...

Financial Performance - As of June 30, 2024, the total assets of Bank of Tianjin reached RMB 897.38 billion, an increase of 6.7% compared to the end of the previous year[8]. - The total liabilities amounted to RMB 830.46 billion, reflecting a growth of 7.1% year-on-year[8]. - Operating income for the period was RMB 8.76 billion, representing a year-on-year increase of 7.7%[8]. - Total profit reached RMB 2.04 billion, showing a significant year-on-year growth of 91.7%[8]. - Net profit for the period was RMB 1.98 billion, which is a remarkable increase of 136.4% compared to the same period last year[8]. - Tianjin Bank reported a net profit of approximately RMB 1,975.8 million for the first half of 2024, representing a year-on-year increase of 136.4%[25]. - The bank's pre-tax profit reached RMB 2,038.6 million, a significant increase of 91.7% compared to RMB 1,063.5 million in the previous year[77]. - The bank's net interest margin remained stable at 1.68%, with a net interest yield of 1.60%[44][46]. - The cost-to-income ratio improved to 21.79% from 22.19% in the previous year, indicating better operational efficiency[28]. Asset and Loan Growth - Customer loans and advances increased by 11.5% to RMB 441.4 billion compared to RMB 396.0 billion at the end of 2023[27]. - Loan balance amounted to RMB 441.40 billion, growing by 11.5% year-on-year[34]. - Corporate loans reached RMB 330,617.6 million, up 20.7% from RMB 274,018.9 million at the end of the previous year[82]. - The balance of loans in the Beijing-Tianjin-Hebei region was RMB 340.51 billion, an increase of 16.4% year-on-year[37]. - The balance of technology innovation enterprise loans was RMB 14.494 billion, up 24.0% from the end of last year[40]. - The balance of green loans reached RMB 33.041 billion, marking a 35.69% increase from the previous year[145]. Risk Management and Asset Quality - The bank's non-performing loan ratio improved to 1.54% from 1.70% at the end of 2023, a decrease of 0.16 percentage points[29]. - The provision coverage ratio rose to 181.75%, an increase of 13.89 percentage points compared to the end of last year[35]. - The expected credit loss under the impairment model decreased by 9.1% to RMB 4.70 billion[43]. - The non-performing loan ratio improved to 1.52%, a decrease of 0.15 percentage points from the end of 2023[130]. - The corporate loan NPL ratio was 1.25%, down by 0.24 percentage points year-on-year, while the personal loan NPL ratio increased to 2.82%, up by 0.36 percentage points[130]. Strategic Initiatives and Market Position - The company has established nearly 220 branches across major cities including Tianjin, Beijing, and Shanghai, enhancing its market presence[8]. - Bank of Tianjin is actively pursuing high-quality development through strategic initiatives aimed at optimizing and integrating resources[8]. - The bank was recognized as the third best city commercial bank for green debt financing tools in the first half of 2024 by the China Interbank Market Dealers Association[16]. - The bank's market recognition has been increasing, as evidenced by multiple awards and honors received during the reporting period[16]. - The bank aims to serve key industries in the regions where its branches are located, aligning with Tianjin's "Ten Actions" initiative[11]. Digital Transformation and Innovation - The bank's digital transformation efforts have been recognized with several awards, including the "Pioneer Enterprise in Digital Transformation" at the 2024 Financial Technology Innovation Awards[17]. - The bank is focusing on digital transformation and enhancing customer experience through upgraded online services and new product offerings[149]. - The number of cooperative merchants under the "Smart Merchant" platform reached 1.2053 million, with a coverage rate exceeding 60% in Tianjin[150]. - Personal mobile banking customers increased to 3.799 million, with transaction amounts reaching RMB 143.07 billion during the reporting period[150]. Governance and Management - The board of directors has confirmed the interim results, ensuring compliance with the Hong Kong Stock Exchange listing rules[1]. - The bank's governance includes a diverse board with independent directors, ensuring compliance and oversight[195]. - The company has made changes in its board and supervisory board composition, indicating a strategic shift in governance[200]. - The appointment of new directors and supervisors reflects the company's commitment to governance and oversight[200]. - The bank's management team has been renewed, with key positions confirmed until December 31, 2026[196][198].

Financial Performance - Total assets of the company reached RMB 840.77 billion, a year-on-year increase of 10.5%[6] - Total liabilities amounted to RMB 775.74 billion, up 10.7% compared to the previous year[6] - Operating income for the year was RMB 16.46 billion, representing a 4.4% year-on-year growth[6] - Profit before tax stood at RMB 3.92 billion, an increase of 2.9% from the previous year[6] - Net profit reached RMB 3.77 billion, marking a 5.7% year-on-year growth[6] - Total assets increased by 10.5% to RMB 840.77 billion, with customer loans and advances growing by 17.4% to RMB 396.01 billion[26] - Total liabilities rose by 10.7% to RMB 775.74 billion, with customer deposits increasing by 13.3% to RMB 450.69 billion[26] - Net profit attributable to equity holders of the bank grew by 5.5% to RMB 3.76 billion, with basic and diluted earnings per share increasing by 5.1% to RMB 0.62[24] - Operating income increased to RMB 16.46 billion, up 4.4% year-on-year, with net profit rising to RMB 3.77 billion, up 5.7% year-on-year[32] - Total assets reached RMB 840.77 billion, a year-on-year increase of 10.5%[35] - Total liabilities amounted to RMB 775.74 billion, a year-on-year increase of 10.7%[35] - Operating income was RMB 16.46 billion, up 4.4% year-on-year[35] - Net profit reached RMB 3.77 billion, a year-on-year increase of 5.7%[35] - Total assets reached RMB 840.77 billion, a year-on-year increase of 10.5%, with loan balance at RMB 396.01 billion, up 17.4%[42] - Deposit balance increased to RMB 450.69 billion, a year-on-year growth of 13.3%[42] - Net profit rose to RMB 3.77 billion, a year-on-year increase of 5.7%[42] - Total assets increased by RMB 79.69 billion, a year-on-year increase of 10.5%, driven by increased credit to key sectors of the real economy[87] - Total assets increased by 11.4% to RMB 1,038.62 billion[125] Asset and Liability Structure - The company's registered capital was RMB 6.071 billion as of the end of 2023[6] - Domestic legal person shares accounted for 65.47% of the equity structure[6] - Domestic individual shares made up 5.46% of the equity structure[6] - H-shares represented 29.07% of the equity structure[6] - The company operates 218 business outlets nationwide, including 1 business department, 7 first-level branches, 6 second-level branches, and 6 central sub-branches[6] - Total assets of Tianjin Bank reached nearly 800 billion yuan in the first half of 2023, with both net interest margin and net interest spread increasing year-on-year[21] - Total assets increased by 10.5% to RMB 840.77 billion, with loan balance at RMB 396.01 billion, up 17.4% year-on-year[32] - Total deposits increased to RMB 450.69 billion, up 13.3% year-on-year, with corporate deposits at RMB 263.55 billion, up 6.5%, and personal deposits at RMB 165.80 billion, up 18.4%[33] - Loan balance in Tianjin region grew to RMB 236.73 billion, up 31.3% year-on-year, ranking first among financial institutions in Tianjin[33] - Green loan balance increased to RMB 24.35 billion, up 51.25% year-on-year, while loans to technology-based enterprises grew by 14.97%[33] - Total assets reached RMB 840.77 billion, a year-on-year increase of 10.5%, with loan balance at RMB 396.01 billion, up 17.4%[42] - Green loan balance surged to RMB 24.35 billion, a year-on-year growth of 51.25%[45] - Loans to technology-based enterprises increased by 14.97% year-on-year[43] - Inclusive small and micro enterprise loans grew to RMB 37.25 billion, up 26.01% year-on-year[45] - The "Smart Merchant" platform served nearly 1 million merchants, with daily transactions reaching 5.8 million users and 8 million transactions[45] - Interest income increased to RMB 31.21 billion, a year-on-year growth of 2.7%[46] - Pre-tax profit rose to RMB 3.92 billion, a year-on-year increase of 2.9%[46] - Net interest margin increased from 1.73% to 1.75% year-over-year, while net interest yield decreased from 1.70% to 1.65%[47] - Total interest income for 2023 was RMB 31.21 billion, an increase of RMB 830 million (2.7%) compared to the previous year, driven by a 2 basis point increase in the average yield of interest-earning assets to 4.52%[53] - Interest income from customer loans and advances increased by RMB 2.07 billion (10.5%) to RMB 21.84 billion, with the average balance rising by 11.6% to RMB 3,688.1 billion[54] - Interest income from investment securities and other financial assets decreased by RMB 1.09 billion (12.3%) to RMB 7.77 billion, with the average balance dropping by 4.4% to RMB 2,412.3 billion and the average yield falling by 29 basis points to 3.22%[55] - Interest income from receivables from banks and other financial institutions decreased by RMB 150 million (12.2%) to RMB 1.08 billion, with the average balance declining by 15.6% to RMB 337.2 billion[56] - Interest income from deposits with banks and other financial institutions decreased by RMB 5 million (24.5%) to RMB 15.4 million, with the average balance dropping by 38.4% to RMB 76.4 billion[57] - Interest income from deposits with the central bank remained stable at RMB 511.3 million, with a slight decrease of RMB 1 million (0.2%)[58] - Total interest expenses increased by RMB 880 million (4.6%) to RMB 19.79 billion, primarily due to a rise in the average balance of customer deposits[60] - The average balance of customer deposits increased to RMB 4,150.3 billion, with interest expenses rising to RMB 11.99 billion, reflecting a slight decrease in the average interest rate from 2.96% to 2.89%[49] - Customer deposit interest expenses increased by RMB 6.9 billion, a year-on-year increase of 6.1%, with the average balance of customer deposits rising by 8.7% to RMB 4,150.3 billion, while the average interest rate decreased by 7 basis points to 2.89%[61] - Interest expenses on deposits from other financial institutions increased by RMB 2.7 billion, a year-on-year increase of 26.7%, with the average balance rising by 12.8% to RMB 512.1 billion[62] - Interest expenses on bonds issued decreased by RMB 8.6 billion, a year-on-year decrease of 28.9%, with the average balance decreasing by 18.0% to RMB 804.7 billion and the average interest rate decreasing by 41 basis points to 2.63%[64] - Investment income increased by RMB 13.4 billion, a year-on-year increase of 84.6%, reaching RMB 29.3 billion[69] - Net fee and commission income decreased by RMB 1.2 billion, a year-on-year decrease of 6.9%, totaling RMB 15.7 billion[71] - Trading net loss decreased by RMB 4.4 billion, a year-on-year decrease of 54.6%, totaling RMB 3.6 billion[72] - Operating expenses increased by RMB 3.4 billion, a year-on-year increase of 7.7%, reaching RMB 47.9 billion, mainly due to increases in employee compensation and general administrative expenses[75] - Employee compensation expenses increased by RMB 1.7 billion, a year-on-year increase of 7.5%, totaling RMB 24.5 billion[76] - Taxes and surcharges increased by RMB 0.3 billion, a year-on-year increase of 13.1%, mainly due to the growth in interest income leading to higher VAT surcharges[78] - Office and rental expenses increased by RMB 0.7 billion, a year-on-year increase of 16.4%, primarily due to increased technology investments[78] - Other general operating and administrative expenses increased by RMB 1.0 billion, a year-on-year increase of 13.9%, mainly due to increased business activities and deposit insurance costs[79] - Depreciation and amortization decreased by RMB 0.3 billion, a year-on-year decrease of 3.3%, mainly due to some assets being fully depreciated[81] - Expected credit loss impairment increased by RMB 2.5 billion, a year-on-year increase of 3.3%, primarily due to increased provisions for risk coverage[82] - Income tax expenses decreased by RMB 0.9 billion, a year-on-year decrease of 37.8%, mainly due to an increase in tax-exempt income[84] - Corporate loans increased by RMB 89.02 billion, a year-on-year increase of 48.1%, reflecting the company's focus on supporting key economic sectors[90] - Short-term corporate loans decreased to 17.7% of total corporate loans, while medium- and long-term loans increased to 82.3% of total corporate loans, reflecting a shift in loan structure[92] - Total corporate loans increased by 48.1% to RMB 274.02 billion, with medium- and long-term loans growing by 60.8% to RMB 225.40 billion[92] - Working capital loans increased by 41.0% to RMB 124.75 billion, driven by increased credit support for production and operational activities[93][94] - Fixed asset loans grew by 46.4% to RMB 101.98 billion, primarily due to increased credit support for project construction[93][94] - Trade financing surged by 117.0% to RMB 7.60 billion, reflecting higher customer financing demand[93][94] - Other corporate loans, including M&A and factoring, increased by 69.7% to RMB 39.70 billion[93][94] - Personal loans decreased by 10.1% to RMB 110.59 billion, with personal consumption loans dropping by 21.6% to RMB 48.45 billion[96][97] - Personal business loans increased by 11.8% to RMB 37.43 billion, supported by targeted credit products for individual businesses[97] - Housing mortgage loans declined by 11.0% to RMB 24.70 billion, impacted by weak housing market demand and increased prepayments[98] - Investment securities and other financial assets grew by 7.2% to RMB 346.67 billion, driven by increased investment in standardized bonds[100] - Total investment securities and other financial assets increased by 7.2% to RMB 346.6685 billion, with bonds accounting for 69.7% of the total[101] - Bonds measured at amortized cost decreased by 4.5% to RMB 141.7669 billion, while bonds measured at fair value through other comprehensive income increased by 35.9% to RMB 88.8632 billion[101] - Funds increased significantly by 92.7% to RMB 40.5794 billion, reflecting a strategic shift in asset allocation[101] - Asset management plans and trust plans decreased by 16.1% to RMB 48.4913 billion, indicating a reduction in non-standard credit assets[101] - The bank's bond holdings increased by 9.8% to RMB 242.2102 billion, with a notable 18.5% increase in bonds issued by Chinese public entities and policy banks[102] - Government bonds increased by 4.4% to RMB 81.2346 billion, while corporate bonds saw a significant 21.2% increase to RMB 53.2618 billion[102] - Financial assets measured at fair value through profit or loss increased by 23.3% to RMB 93.9179 billion, reflecting a more active trading strategy[104] - Reverse repurchase financial assets decreased by 30.6% to RMB 7.6688 billion, as the bank adjusted its asset structure[106] - Cash and deposits with central banks increased by 5.1% to RMB 45.09 billion, indicating improved liquidity management[107] - Customer deposits increased by RMB 52.92 billion (13.3%) to RMB 450.69 billion, driven by the company's focus on deposit growth strategies[111][112] - Corporate deposits grew by RMB 16.07 billion (6.5%) to RMB 263.55 billion, with a significant increase in demand deposits (14.3%)[113][114] - Personal deposits rose by RMB 25.76 billion (18.4%) to RMB 165.80 billion, supported by optimized financial resource allocation and marketing strategies[113][114] - Interbank and other financial institution deposits surged by RMB 16.97 billion (40.3%) to RMB 590.44 billion, reflecting adjustments in liability structure[116] - Central bank borrowings increased by RMB 16.40 billion (26.5%) to RMB 782.01 billion, leveraging policy support tools[120] - Issued bonds decreased by RMB 10.19 billion (10.9%) to RMB 832.86 billion due to adjustments in liability business structure[115] - Total liabilities grew by RMB 75.28 billion (10.7%) to RMB 7,757.42 billion, primarily driven by customer deposit growth[110][111] - Derivative financial assets increased by RMB 24 million (41.0%) to RMB 83 million, influenced by market volatility[108] - Other assets decreased by RMB 1.45 billion (10.7%) to RMB 12.12 billion, mainly due to a reduction in other receivables[108] - Derivative financial liabilities dropped by RMB 57 million (94.7%) to RMB 3 million, affected by market fluctuations[121] - Other liabilities increased by RMB 5.6 billion, a 9.7% increase, mainly due to an increase in settlement payables[122] - Shareholders' equity reached RMB 65.03 billion, a 7.3% increase from the previous year, driven by an increase in undistributed profits[124] - Unused corporate loan limits increased by 43.8% to RMB 26.22 billion[126] - Normal loans accounted for 95.31% of total loans, an increase of RMB 63.49 billion from the previous year[128] - Non-performing loans (NPL) increased by RMB 520 million, but the NPL ratio decreased by 0.14 percentage points to 1.67%[128] - Corporate loans in the leasing and business services sector increased by 58.5% to RMB 85.27 billion[131] - Corporate loans in the water conservancy, environment, and public facilities management sector increased by 84.7% to RMB 31.19 billion[131] - Corporate loans in the financial sector increased by 97.6% to RMB 16.06 billion[131] - Corporate loans in the scientific research and technical services sector increased by 584.2% to RMB 11.81 billion[131] - The company's corporate loan balance for the top five industries (leasing and business services, water conservancy and public facilities management, real estate, construction, and wholesale and retail) reached RMB 203.57 billion, accounting for 74.3% of total corporate loans and advances[133] - The non-performing loan (NPL) ratio for corporate clients decreased to 1.49%, down by 0.61 percentage points compared to the previous year-end[138] - The NPL ratio for the wholesale and retail industry decreased by 2.26 percentage points to 4.69%, while its share of total corporate NPLs increased to 29.4%[138] - The NPL ratio for the manufacturing industry increased to 4.96%, with its share of total corporate NPLs rising to 23.8%[138] - The NPL ratio for the real estate industry decreased significantly by 4.91 percentage points to 1.09%, with its share of total corporate NPLs dropping to 8.2%[138] - The total corporate NPL amount decreased to RMB 40.97 billion, with the top five industries contributing 83.5% of the total[135] - The NPL ratio for personal loans increased to 2.46%, up by 0.51 percentage points compared to the previous year-end[140] - The NPL ratio for working capital loans decreased slightly to 2.44%, while its share of total NPLs increased to 44.6%[140] - The NPL ratio for fixed asset loans decreased significantly by 1.23 percentage points to 0.65%, with its share of total NPLs dropping to 9.7%[140] - Non-performing loans (NPL) totaled RMB 6,815.8 million, with a NPL ratio of 1.67%, a decrease of 0.14 percentage points compared to the previous year[144] - Total customer loans and advances reached RMB 407,450.5 million, a 17.3% increase from the previous year, with guaranteed loans showing the highest growth at 77.9%[147] - The loan concentration ratio for the largest single borrower was 4.85%, down from 6.80% in the previous year, indicating improved risk diversification[148] - The top ten single borrowers accounted for RMB 35,075.7 million in loans, representing 8.61% of the total loan portfolio[151] - Overdue loans decreased by 12.3% to RMB 8,938.9 million, with the largest reduction in loans overdue for 1 to 3 years, which fell by 60.0%[154] - Loan impairment provisions increased by 14.1% to RMB 11,441.3 million, reflecting the company's efforts to strengthen risk coverage[156] - The net

Annual General Meeting - The annual general meeting of Tianjin Bank Co., Ltd. is scheduled for April 19, 2024, at 10:00 AM[3] - The financial statements for the year 2023 will be reviewed and approved during the annual general meeting[4] - The profit distribution plan for the year 2023 will be discussed and approved[4] - The board of directors' report for the year 2023 will be presented for approval[4] - The voting results of the resolutions will be published on the company's website after the annual general meeting[10] - The share transfer registration will be suspended from April 12 to April 19, 2024, to determine the list of shareholders eligible to vote[9] Financial Plans and Reports - The budget for the year 2024 will be reviewed and approved[4] - The investment plan for the year 2024 will be discussed and approved[4] - The extension of the financial bond issuance plan and related authorization will be considered[5] - The evaluation report on the performance of major shareholders for the year 2022 will be presented[5]

Financial Performance - As of the end of 2023, Bank of Tianjin's total assets reached RMB 840.77 billion, an increase of 10.5% compared to the previous year[8]. - The total liabilities amounted to RMB 775.74 billion, reflecting a growth of 10.7% year-on-year[8]. - The bank achieved an operating income of RMB 16.46 billion, representing a year-on-year increase of 4.4%[8]. - The total profit reached RMB 3.92 billion, which is a 2.9% increase compared to the previous year[8]. - The net profit for the year was RMB 3.77 billion, marking a growth of 5.7% year-on-year[8]. - Interest income for 2023 reached RMB 31,212,336 thousand, a 2.7% increase from RMB 30,385,697 thousand in 2022[27]. - Net interest income slightly decreased by 0.5% to RMB 11,420,370 thousand from RMB 11,472,978 thousand in 2022[27]. - Investment income surged by 84.6% to RMB 2,926,224 thousand compared to RMB 1,585,354 thousand in 2022[27]. - Pre-tax profit increased by 2.9% to RMB 3,920,121 thousand from RMB 3,809,559 thousand in 2022[28]. - Net profit attributable to equity holders rose by 5.5% to RMB 3,759,899 thousand from RMB 3,564,965 thousand in 2022[28]. - Total operating income for the year was RMB 16.46 billion, reflecting a growth of 4.4% compared to RMB 15.76 billion in 2022[50]. Asset and Loan Growth - Customer loans and advances increased by 17.4% to RMB 396,009,202 thousand from RMB 337,397,157 thousand in 2022[30]. - Loan balance amounted to RMB 396.01 billion, growing by 17.4% year-on-year[36]. - Total deposits reached RMB 450.69 billion, an increase of 13.3% year-on-year[37]. - Loans to technology enterprises increased by 14.97%, with green loan balance growing by 51.25% to RMB 24.35 billion[37]. - The total customer loans and advances amounted to RMB 407.45 billion, representing 48.5% of total assets, with a year-on-year growth of 17.3%[93]. - Corporate loans reached RMB 274.02 billion, up RMB 89.02 billion or 48.1% year-on-year, driven by increased lending to key sectors of the real economy[94]. - The company's working capital loans increased by RMB 36.28 billion or 41.0% to RMB 124.75 billion, meeting financing needs for production activities[98]. Non-Performing Loans and Risk Management - Non-performing loan ratio improved to 1.70% from 1.84% in 2022[31]. - The total non-performing loans (NPLs) amounted to RMB 68.16 billion, with a ratio of 1.67% as of December 31, 2023, compared to 1.81% the previous year, showing a decrease of 0.14%[148]. - The provision for loan impairment losses increased by RMB 1.41 billion, or 14.1%, totaling RMB 11.44 billion as of December 31, 2023[159]. - The bank faces major risks including credit risk, operational risk, market risk, liquidity risk, and information technology risk, and has strengthened its comprehensive risk management during the reporting period[198]. - Credit risk is primarily associated with corporate loans, personal loans, and funding operations, with a robust credit risk management system established to ensure independent credit approval processes[199]. Capital and Equity - The registered capital of the bank is RMB 6.071 billion, with a shareholding structure comprising 65.47% domestic legal person shares, 5.46% domestic individual shares, and 29.07% H shares[8]. - Total equity for shareholders reached RMB 65.03 billion, an increase of RMB 4.41 billion or 7.3% year-over-year, driven mainly by an increase in undistributed profits[128]. - The capital adequacy ratio stood at 12.64%, indicating enhanced risk resistance capability[39]. - The bank's leverage ratio improved to 7.86%, up by 0.52 percentage points compared to the previous year[196]. Awards and Recognition - Tianjin Bank ranked 191st in the 2023 "Global 1000 Banks" list by The Banker magazine[21]. - The bank won a gold award for "Non-English ESG Report" and a silver award for "ESG Report Cover Design" at the 37th International ARC Annual Report Competition[21]. - Tianjin Bank was awarded the Financial Technology Development Award for 2022 by the People's Bank of China[21]. - The bank received the 14th Financial Technology Innovation Award from the Financial Electronic Magazine[21]. - The company was awarded the "Outstanding Asset Management City Commercial Bank Award" and "Excellent Cash Management Bank Wealth Management Product" by Puyin Standard, highlighting its strong performance in asset management[185]. Digital and Technological Initiatives - The bank launched several specialized financial products, including "Smart Specialized Loan" and "Smart Science and Technology Enterprise Loan"[39]. - The launch of the "Smart Little Assistant" financial service platform supports the development of individual businesses in the Beijing-Tianjin-Hebei region[24]. - The bank's mobile banking platform was highlighted for its innovative features, enhancing user experience[26]. - The "Smart Merchant Pass" platform served nearly 1 million merchants, covering ten major industries and facilitating an average of 5.8 million user transactions daily[170]. - The company is committed to enhancing its digital management capabilities and expanding its green finance product offerings[167]. Market Position and Strategy - The bank operates a total of 218 business institutions across the country, including 1 operating department, 7 first-level branches, 6 second-level branches, and 6 central sub-branches[8]. - Bank of Tianjin has established agency relationships with nearly 850 domestic and foreign banks and their branches in over 80 countries and regions[8]. - The bank's strategic positioning includes expanding its operations beyond Tianjin, with branches established in major cities such as Beijing, Shanghai, and Shandong[8]. - The bank aims to expand its market presence through strategic partnerships and cultural initiatives[26].

Bank Performance and Recognition - Bank of Tianjin ranked 191st in the 2023 "Global Banks 1000" list and 240th in the "Global Bank Brand Value 500" list[20] - The bank was recognized as the 33rd in the "Top 100 Chinese Banks" by the China Banking Association in 2023[20] - The bank has won multiple awards for its asset management and cash management products, including the "Outstanding Asset Management City Commercial Bank Award" and "Outstanding Cash Management Bank Wealth Management Product" awards[20] Strategic Focus and Operational Efficiency - The bank's strategic focus includes enhancing core capabilities in digital banking and optimizing operational efficiency to ensure high-quality development[15] - The bank aims to strengthen its market position by addressing five key challenges: risk management, revenue growth, cost control, deposit acquisition, and litigation management[15] - The bank has established a corporate culture that emphasizes historical values and innovative practices, encapsulated in the "Seagull Pilotage" philosophy[16] - The bank's operational strategy includes a commitment to continuous improvement and adaptation to new market opportunities[15] - The bank's management emphasizes a long-term vision, focusing on sustainable growth and strategic opportunities in the evolving financial landscape[15] Financial Performance - The net profit attributable to equity holders of the bank for the first half of 2023 was RMB 833,918,000, a decrease of 72.4% compared to RMB 3,023,600,000 in the same period of 2022[21] - Total assets increased by 2.9% to RMB 783,307,712,000 as of June 30, 2023, compared to RMB 761,082,851,000 at the end of 2022[23] - Customer loans and advances rose by 10.1% to RMB 371,343,366,000 from RMB 337,397,157,000 year-over-year[23] - Interest income for the first half of 2023 was RMB 15,263,505,000, reflecting a slight increase of 1.4% from RMB 15,055,020,000 in the previous year[22] - The pre-tax profit for the first half of 2023 was RMB 1,063,454,000, down 70.0% from RMB 3,550,528,000 in the same period last year[22] - The cost-to-income ratio improved to 22.19% from 24.89% year-over-year, indicating better operational efficiency[23] Credit and Risk Management - The bank's non-performing loan ratio increased to 2.24% from 1.84% in the previous year, indicating a rise in credit risk[25] - Credit impairment losses totaled RMB 5.17 billion, representing a significant increase of 130.0% year-on-year[32][36] - The provision for impairment losses on loans and advances increased significantly, with a rise of RMB 3,503.3 million or 156.2% for loans measured at amortized cost[71] - The total amount of NPLs across all categories reached RMB 8,475.3 million, with an overall NPL ratio of 2.21%[127] Customer Deposits and Liabilities - Customer deposits reached RMB 420,105.9 million, up RMB 22,340.6 million or 5.6% from the end of the previous year, mainly driven by an increase in personal deposits[104] - The bank's total liabilities amounted to RMB 721,441.7 million, an increase of RMB 20,978.0 million or 3.0% compared to the end of the previous year[103] - The bank's corporate deposits totaled RMB 244,678.3 million, a decrease of RMB 2,801.7 million or 1.1%, indicating stability[106] Loan Portfolio and Growth - The company's total loans reached RMB 231,233.6 million, an increase of 25.0% compared to RMB 185,003.5 million at the end of 2022[79] - The distribution of company loans by product type shows that working capital loans were RMB 103,347.4 million, a 16.8% increase, and fixed asset loans were RMB 85,040.4 million, a 22.1% increase[82] - Personal loans totaled RMB 123,979.1 million, a slight increase of 0.8% from RMB 123,048.4 million at the end of 2022[85] Investment and Income Generation - Investment income surged by 44.0% to RMB 1,265,476,000 compared to RMB 878,929,000 in the previous year, showcasing strong performance in this area[22] - The bank's revenue from capital operation business was RMB 1,921.9 million, accounting for 23.6% of total operating income[154] - The bank's wealth management products reached a total of RMB 56,754.05 million, all compliant with new asset management regulations[161] Market Position and Future Plans - The bank plans to focus on enhancing quality and expanding its services in the second half of 2023, targeting five key areas for improvement[34] - The bank's strategic focus includes enhancing its bond ecosystem and expanding its service offerings in green finance and rural revitalization[159] - The bank has been actively involved in supporting the Tianjin region's economic development and has focused on financing key projects in manufacturing and green industries[144] Risk Management Framework - The bank has implemented a unified credit system to manage all credit risk exposures, ensuring independent approval processes[178] - The bank continues to enhance its operational risk management framework, focusing on key risk indicators and incident collection[179] - Market risks primarily include interest rate and exchange rate risks, with strategies in place to mitigate potential losses[180]

Financial Performance - Bank of Tianjin Co., Ltd. reported unaudited consolidated interim results for the six months ended June 30, 2023[1]. - The bank's total assets reached RMB 1.2 trillion, an increase of 8% compared to the previous year[2]. - Net profit attributable to shareholders for the period was RMB 1.5 billion, representing a year-on-year growth of 12%[2]. - The net profit attributable to the bank's equity holders for the first half of 2023 was RMB 833,918,000, a decrease of 72.4% compared to RMB 3,023,600,000 in the same period of 2022[20]. - Operating income for the period was RMB 8.13 billion, reflecting a year-on-year increase of 3.7%[30]. - The pre-tax profit for the first half of 2023 was RMB 1,063.5 million, a decrease of 70.0% compared to the same period last year, while net profit fell to RMB 835.9 million, down 72.4% year-on-year[35]. - Total operating income for the bank reached RMB 8.132 billion, a 3.7% increase compared to RMB 7.838 billion in the previous year[168]. Asset Quality - The bank's non-performing loan (NPL) ratio improved to 1.5%, down from 1.8% in the previous period[2]. - The bank's non-performing loan ratio rose to 2.24% from 1.84% in the previous year, indicating a 0.40% increase[24]. - Non-performing loans amounted to RMB 8,475.3 million, with a non-performing loan ratio of 2.21%, an increase of 0.40 percentage points from the previous year[118]. - The bank's corporate customer non-performing loan (NPL) balance reached RMB 5,929.5 million, an increase of RMB 2,035.9 million or 52.3% compared to the end of the previous year[124]. - The NPL ratio for the leasing and business services sector rose to 2.90%, with this sector accounting for 32.6% of total corporate customer NPLs[124]. Customer Deposits and Loans - Customer deposits increased by 10% to RMB 900 billion, reflecting strong customer confidence[2]. - Customer loans and advances increased by 10.1% to RMB 371,343,366,000 from RMB 337,397,157,000 year-over-year[22]. - The bank's total customer loans and advances amount to RMB 384,331.5 million, reflecting a growth of 10.6% compared to the previous period[132]. - The bank's personal deposits amounted to RMB 161,427.4 million, an increase of RMB 21,386.1 million or 15.3%, attributed to improved management capabilities and optimized product functions[105]. Investment and Income - Investment income surged by 44.0% to RMB 1,265,476,000 compared to RMB 878,929,000 in the previous year[21]. - Net interest income reached RMB 5,470.8 million, with a year-on-year decrease of 1.3%, while total interest income increased by 1.4% to RMB 15,263.5 million[35]. - The revenue from the capital operation business was RMB 1,921.9 million, accounting for 23.6% of total operating income[153]. Strategic Initiatives - The bank plans to expand its digital banking services, aiming for a 20% increase in online transactions by the end of 2024[2]. - New product offerings include a range of wealth management products targeting retail customers, expected to launch in Q4 2023[2]. - The bank is exploring potential mergers and acquisitions to enhance its market presence in northern China[2]. - The bank continues to enhance its support for small and micro enterprises through innovative online loan products, contributing to the growth of personal operating loans by RMB 7,570.2 million or 22.6%[86]. Risk Management - The bank has established a comprehensive credit risk management system, ensuring independent credit approval processes and effective risk identification and control[177]. - The bank actively monitors market risks, particularly interest rate and exchange rate risks, to mitigate potential losses from adverse market price movements[180]. - The bank's liquidity risk management follows a centralized model, ensuring sufficient liquidity through monitoring key liquidity indicators and conducting stress tests[185]. Shareholder Information - The bank has a total share capital of 6,070,551,822 shares, with registered capital amounting to RMB 6,070,551,822, and no changes occurred during the reporting period[188]. - The largest shareholder, Tianjin Free Trade Zone Investment Co., Ltd., holds 967,462,369 shares, representing 15.94% of the total shares[191]. - The top three shareholders collectively own 35.92% of the total shares, indicating a concentrated ownership structure[191].

Financial Position - As of March 31, 2023, total assets amounted to RMB 774.783 billion and total liabilities were RMB 713.011 billion[2] - The net profit for the three months ending March 31, 2023, was RMB 1.043 billion[2] Capital Adequacy - The capital adequacy ratio as of the end of March 2023 was 10.92%, with a Tier 1 capital ratio of 10.29%[3] - The core Tier 1 capital ratio was also 10.29%, meeting regulatory requirements in China[3] - The net amount of core Tier 1 capital was RMB 58.731 billion, while the total capital amount was RMB 62.339 billion[3] - The total risk-weighted assets as of March 31, 2023, were RMB 571.008 billion[3] - The balance of subordinated capital bonds was RMB 7 billion as of March 31, 2023[3]

Annual General Meeting - The annual general meeting of Tianjin Bank will be held on May 18, 2023, to discuss the approval of the 2022 financial statements and profit distribution plan[3] - The board of directors' report for 2022 will be presented for approval, along with the supervisory board's report[4] - The financial budget for 2023 will be reviewed and approved during the meeting[3] - The bank plans to appoint Mr. Wu Chong as a shareholder representative supervisor[3] - The bank will suspend share transfer registration from May 13 to May 18, 2023, to determine the list of shareholders eligible to attend the meeting[8] - Voting results from the annual general meeting will be published on the bank's website and the Hong Kong Stock Exchange website[9] - Shareholders must submit transfer documents by May 12, 2023, to be eligible to vote at the meeting[8] - The meeting is expected to last no more than half a day, with shareholders responsible for their own travel and accommodation expenses[10]

Strategic Planning and Development - The bank's strategic plan for the "14th Five-Year" period aims to establish itself as a mainstream commercial bank in the Beijing-Tianjin-Hebei region, focusing on "reform + innovation" as its development driving force [10]. - In 2023, the bank plans to revise its "14th Five-Year" strategic plan to align with internal and external changes and the requirements of local government initiatives [10]. - The bank aims to strengthen its market presence through strategic partnerships and potential mergers and acquisitions [10]. - Tianjin Bank aims to effectively implement the "14th Five-Year Plan" and focus on the "Ten Actions" initiated by the municipal government in 2023 [31]. Corporate Culture and Employee Engagement - The bank initiated a corporate culture construction project during the reporting period, forming the "Seagull Navigation" corporate culture system, which includes core values and application concepts [12]. - The bank's commitment to employee care and creating an excellent customer experience is a key component of its strategic objectives [10]. Financial Performance and Key Metrics - Total operating income for 2022 was RMB 15,758,751,000, down 10.9% from RMB 17,693,989,000 in 2021 [17]. - The pre-tax profit increased by 10.7% to RMB 3,809,559,000 in 2022, compared to RMB 3,441,743,000 in 2021 [18]. - The net profit attributable to equity holders of the bank rose by 11.5% to RMB 3,564,965,000 in 2022 from RMB 3,196,026,000 in 2021 [18]. - The bank's total interest income was RMB 30,385,697,000, a slight increase of 0.0% from RMB 30,371,879,000 in 2021 [17]. - The bank's commission and fee income increased by 2.5% to RMB 2,134,760,000 in 2022 compared to RMB 2,082,280,000 in 2021 [17]. - The earnings per share for the year was RMB 0.59, an increase of 11.3% from RMB 0.53 in 2021 [18]. - The bank was ranked 187th in the "Top 1000 World Banks" by The Banker magazine, improving by 7 places from the previous year [15]. Asset and Liability Management - Total assets increased by 5.7% to RMB 761,082,851,000 in 2022 from RMB 719,903,932,000 in 2021 [19]. - Total liabilities grew by 5.8% to RMB 700,463,719,000 in 2022 from RMB 662,363,094,000 in 2021 [19]. - Customer deposits increased by 4.0% to RMB 397,765,271,000 in 2022 from RMB 382,478,890,000 in 2021 [19]. - The bank's total equity reached RMB 60,619.1 million, an increase of RMB 3,078.3 million or 5.3% compared to the previous year-end, primarily due to increased retained earnings [124]. Risk Management - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies [17]. - The expected credit loss under the model was RMB 7,524.8 million, a decrease of RMB 2,327.3 million or 23.6% year-on-year, due to improved credit risk management [80]. - The bank has implemented a unified credit system to manage credit risk exposure across all lending and non-lending activities, ensuring rigorous approval processes [191]. - The bank's market risk management framework has been strengthened, focusing on interest rate and exchange rate risks, with regular monitoring and reporting mechanisms in place [193]. Digital Transformation and Innovation - The bank successfully launched a new generation distributed core system, marking a significant step in digital transformation [30]. - The bank's digital transformation strategy includes upgrading core systems, achieving a 25-fold increase in transaction processing concurrency and a 10-fold increase in peak daily transaction volume [43]. - The bank's investment strategy emphasized ESG-compliant investments, particularly in carbon peak and carbon neutrality projects [176]. Community Engagement and Support for Enterprises - The bank has established a comprehensive small and micro finance service system, enhancing support for small and micro enterprises through various financial products [165]. - The bank actively participated in local community events, such as the "Haihe International Consumption Season," to promote financial services and support local economic development [163]. - The balance of agricultural loans under RMB 10 million reached RMB 4,073.57 million, an increase of 24.15% compared to the end of the previous year [167]. Environmental and Social Responsibility - The bank actively participated in green finance initiatives, underwriting various themed bonds related to low-carbon transportation and rural revitalization [174]. - The bank's agricultural loan balance reflects its commitment to supporting rural revitalization and inclusive finance initiatives [167].