Financial Performance - Net interest income for 2024 is RMB 8,602.62 million, a decrease of 1.92% compared to 2023[15]. - Total operating income for 2024 is RMB 11,559.23 million, reflecting a growth of 2.32% from 2023[15]. - Pre-tax profit decreased by 25.54% to RMB 752.33 million in 2024 compared to 2023[15]. - Net profit attributable to shareholders for 2024 is RMB 1,056.92 million, a 2.00% increase from 2023[15]. - Total assets increased by 3.85% to RMB 573,634.75 million in 2024 compared to 2023[17]. - The liquidity coverage ratio significantly increased to 403.22% in 2024 from 333.38% in 2023[17]. - Basic earnings per share for 2024 is RMB 0.12, up 9.09% from 2023[15]. - The bank's cost-to-income ratio improved to 28.48% in 2024 from 30.60% in 2023[15]. - Operating income for the reporting period was RMB 11.56 billion, representing a year-on-year growth of 2.32%[45]. - Net profit for the period was RMB 1.10 billion, showing a 2.21% increase compared to the same period last year[45]. Asset and Loan Growth - Total loans and advances increased by 4.76% compared to the end of the previous year[33]. - Total deposits increased by 2.55% compared to the end of the previous year[33]. - The total amount of loans and advances issued reached RMB 352.9 billion, reflecting a growth of 4.76% year-on-year[44]. - The total loans and advances amounted to RMB 352.94 billion, an increase of RMB 16.05 billion or 4.76% compared to the previous year[117]. - The balance of inclusive small and micro enterprise loans under RMB 10 million reached RMB 52.602 billion, an increase of RMB 6.461 billion or 14.00% year-on-year, with a weighted average interest rate of 4.62%[157]. - The balance of loans for talent services reached RMB 5.24 billion, with a year-on-year increase of 33.41%[154]. - The balance of green loans amounted to RMB 39.45 billion, reflecting a growth of 26.45% year-on-year[153]. - The agricultural loan balance was RMB 30.517 billion, up RMB 2.059 billion or 7.24% year-on-year, serving 15,546 agricultural clients with a weighted average interest rate of 4.91%[158]. Risk Management - Non-performing loan ratio improved slightly to 2.15% in 2024 from 2.17% in 2023[17]. - The non-performing loan ratio decreased by 0.02 percentage points compared to the end of the previous year, indicating improved risk management[44]. - The total impairment provision for loans was RMB 12,144.79 million as of December 31, 2024, compared to RMB 12,930.81 million in the previous year[118]. - The company’s loan impairment provisions increased to RMB 11,670.85 million as of December 31, 2024, reflecting a significant rise in provisions for stage three loans[134]. - The distribution of overdue loans shows that 97.17% of loans were not overdue, while overdue loans totaled RMB 9,982.05 million, representing 2.83% of total loans as of December 31, 2024[125]. Awards and Recognition - Jiangxi Bank has been recognized as one of the "Top 500 Service Enterprises in China" for five consecutive years[9]. - The bank received the "Financial Technology Development Award" from the People's Bank of China in 2023[11]. - Jiangxi Bank was awarded the "Outstanding Institution" for data quality work by the Credit Reference Center of the People's Bank of China in 2023[11]. - The bank's ESG rating was assessed as "A" and it was included in the "Top 20 ESG Comprehensive Performance" list for city commercial banks in 2024[13]. - The bank was recognized as the 9th city commercial bank in China to sign the UN Principles for Responsible Banking[23]. Digital Transformation and Innovation - The bank launched new digital financial products, resulting in a 75% year-on-year increase in loans to key enterprises in the digital economy sector[34]. - The online banking penetration rate reached 91%, with channel activity increasing by 13.15% compared to the previous year[181]. - The "Jiangxi Bank Micro Bank" WeChat public account had 1.1183 million followers, an increase of 9.25% from the previous year[184]. - 18 out of 43 digital transformation projects planned for 2024-2026 have been completed by the end of 2024[186]. - The new credit management system became the first fully domestically controlled banking system in Jiangxi Province[186]. Customer Base and Services - Customer base for corporate, individual, and inclusive finance segments grew by 10.57%, 5.64%, and 8.17% respectively[33]. - The number of corporate clients exceeded 100,000, representing a year-on-year growth of 10.57%[138]. - The company expanded its retail customer base to 6.5722 million, an increase of 350,500 customers compared to the end of the previous year[160]. - Personal comprehensive consumption loans issued exceeded RMB 13 billion, supporting over 50,000 local residents' consumption needs, with the "Jiangyin Quick Loan" balance increasing by over RMB 1.9 billion or over 38% year-on-year[165]. - The number of customers signing up for four or more internet payment channels increased by 15.54% compared to the end of the previous year[168]. Green Finance Initiatives - The bank issued 6 billion RMB in green financial bonds, marking a significant step in promoting green finance[34]. - The company has implemented a strategy for green finance, aiming to become a benchmark in green financial services in Jiangxi Province[153]. - The bank's green loan balance increased by 8.251 billion RMB, with a growth rate of 26.45% compared to the previous year[34]. Operational Efficiency - The bank's operating expenses decreased by 5.36% year-on-year, and the cost-to-income ratio fell by 2.12 percentage points[38]. - The total asset impairment loss for the reporting period was RMB 7.376 billion, an increase of RMB 711.81 million or 10.68% compared to the same period last year[80]. - The company achieved a 0% failure rate in system operations through the establishment of seven key operational support teams[190].

Group 1 - The National Financial Supervision Administration of China announced administrative penalties against Jiangxi Bank's Pingxiang branch for illegal handling of risk assets related to investment income [1] - The Pingxiang branch was fined 400,000 yuan for its violations [1] - Chen Wei, the former branch manager, received a warning and a fine of 70,000 yuan, while Wang Dongshan, the former general manager of the corporate finance department, was also warned and fined 60,000 yuan [1]

Financial Performance - Net interest income for the first half of 2024 was RMB 3,987.32 million, a decrease of 11.03% compared to RMB 4,481.64 million in 2023[12] - Total operating income increased by 6.48% to RMB 5,748.29 million from RMB 5,398.52 million year-on-year[12] - The net profit attributable to shareholders decreased by 48.15% to RMB 623.25 million from RMB 1,201.98 million in the previous year[12] - The bank's basic earnings per share dropped by 50.00% to RMB 0.10 from RMB 0.20 in the previous year[12] - The average return on total assets decreased to 0.23% from 0.47%, showing a decline in profitability[12] - The net profit for the period was RMB 645 million, a decrease of RMB 581 million compared to the same period last year[28] - The net profit attributable to shareholders was RMB 623.25 million, down RMB 578.73 million or 48.15% year-on-year, indicating significant profitability challenges[38] Asset Quality - The non-performing loan ratio rose to 2.53% from 2.17% in the previous year, indicating a deterioration in asset quality[14] - The bank's asset impairment losses increased by RMB 1.23 billion or 50.58%, reflecting a rise in credit risk and potential defaults[38] - The total impairment provision increased to RMB 15,198.46 million, up from 12,930.81 million as of December 31, 2023[109] - The total amount of non-performing loans was RMB 88,724.00 million, an increase from RMB 72,990.50 million as of December 31, 2023, indicating a rise in the NPL ratio from 2.17% to 2.53%[109] - The overdue loans totaled RMB 18,908.40 million, accounting for 5.39% of total loans[124] Capital and Liquidity - The capital adequacy ratio decreased to 13.22% from 13.55% in the previous year, reflecting a decline in capital strength[14] - The liquidity coverage ratio fell to 301.62% from 333.38%, indicating a decrease in liquidity buffer[14] Loans and Advances - The total loans and advances reached RMB 350.795 billion, an increase of RMB 13.906 billion from the end of last year[22] - The total amount of loans and advances issued was RMB 350.80 billion, an increase of RMB 13.91 billion or 4.13% from the end of 2023[108] - The group issued loans and advances totaling RMB 372.75 billion, an increase of 51.94% compared to RMB 245.33 billion in the same period last year[70] - The balance of long-term loans to the manufacturing sector increased by 14.97% compared to the end of the previous year, with loans to technology enterprises amounting to RMB 10.561 billion[158] Deposits - The total deposits amounted to RMB 383.244 billion, up by RMB 2.032 billion compared to the end of the previous year[22] - The balance of personal deposits exceeded RMB 200 billion, reaching RMB 202.376 billion, an increase of RMB 16.800 billion, growing by 9.05%[171] Financial Investments - The total amount of financial investments was RMB 164.39 billion, slightly up from RMB 163.77 billion at the end of 2023[87] - Financial investment income surged to RMB 1.35 billion, up RMB 956.59 million or 243.04%, highlighting strong performance in investment activities[38] Operational Efficiency - Operating expenses decreased by RMB 189 million to RMB 1.411 billion, a decline of 11.82% year-on-year[28] - The bank's total operating expenses decreased by RMB 189.15 million or 11.82%, reflecting cost control measures implemented during the period[38] Customer Base and Services - The number of corporate clients increased to 97,600, up by 5,847 from the end of the previous year[23] - The total number of individual customers reached 6.3681 million, an increase of 146,400 compared to the end of the previous year[169] - The number of corporate electronic channel customers grew by 6.37% year-on-year, with an effective customer signing rate of 84.43%[199] Digital Transformation - The company has enhanced its digital transformation efforts, expanding the breadth and depth of financial services through various electronic channels[196] - The company launched new features in its mobile banking, including online customer consultation and remote non-site due diligence services[199] Awards and Recognition - The bank received multiple awards in 2024, including recognition for its digital agricultural financial service platform, indicating a focus on innovation and market expansion[8]

Financial Performance - As of the end of 2023, Jiangxi Bank's total assets reached RMB 552.345 billion, with total deposits of RMB 381.212 billion and total loans and advances of RMB 336.890 billion[24]. - The bank achieved an operating income of RMB 11.297 billion and a net profit of RMB 1.074 billion for the year 2023[24]. - Total operating income decreased by 11.15% to RMB 11,296.64 million from RMB 12,714.04 million in 2022[27]. - Net profit attributable to shareholders decreased by 33.13% to RMB 1,036.19 million from RMB 1,549.55 million in 2022[27]. - The group’s pre-tax profit for the period was RMB 1,010.35 million, compared to RMB 1,680.96 million in the previous year, indicating a decrease of approximately 39.8%[118]. - The bank's financial investment income decreased by 28.77% to RMB 1.52 billion, reflecting adjustments in investment strategies[43]. Asset and Liability Management - Total assets increased by 7.13% to RMB 552,345.38 million compared to RMB 515,572.66 million in 2022[28]. - The total liabilities of the group were RMB 504.813 billion, an increase of RMB 36.055 billion, reflecting a growth of 7.69%[84]. - The liquidity coverage ratio improved to 333.38% from 323.78% in 2022[28]. - The balance of qualified high-quality liquid assets was RMB 52.94 billion, with a net cash outflow of RMB 15.88 billion over the next 30 days[160]. Loan and Deposit Growth - The total amount of loans and advances issued by Jiangxi Bank was RMB 336.890 billion, reflecting an increase of 8.16% year-on-year[36]. - The total deposits absorbed by Jiangxi Bank amounted to RMB 381.212 billion, marking an 8.08% increase from the previous year[36]. - The average balance of loans and advances increased to RMB 326.982 billion, while the average balance of financial investments decreased to RMB 117.643 billion[50]. - The balance of inclusive small and micro enterprise loans under RMB 10 million reached RMB 46.141 billion, an increase of RMB 10.754 billion, or 30.39% year-on-year[133]. Risk Management - The bank's focus on risk management led to a stable overall asset quality, with enhanced control over credit risk and a dynamic monitoring of liquidity risk[38]. - The non-performing loan ratio slightly improved to 2.17% from 2.18% in 2022[28]. - The group has established a risk management framework that includes credit risk, liquidity risk, market risk, operational risk, and other risks, ensuring comprehensive risk governance[157]. - The group has maintained a prudent liquidity risk management strategy, dynamically monitoring the maturity of assets and liabilities to ensure a reasonable match[160]. Digital Transformation and Innovation - Jiangxi Bank emphasizes digital transformation and aims to provide high-quality financial services to various customer segments[24]. - The bank's focus on digital transformation has led to the establishment of a large technology organizational structure and the implementation of a "four self model" for integrated research and investment platforms[32]. - The group is advancing digital transformation with a "432N" strategy, outlining specific implementation paths for 2024-2026[151]. - The bank has implemented a digital transformation strategy, integrating multiple online marketing platforms and enhancing service efficiency through big data and AI technologies[38]. Customer Base and Service Expansion - The bank has established 110 "Jiangyin Love the Elderly" community activity centers to improve services for the elderly population[33]. - The number of micro and small enterprise loan customers increased by 24.38%, while the total number of corporate customers grew by 16.23%, achieving the best historical level[37]. - The bank's retail financial services saw a 4.52% increase in total personal customers, with a 7.64 percentage point rise in the fund retention rate for payroll customers[37]. - The bank's electronic payment signed customer base reached 2.085 million, an increase of 8.51% year-on-year[139]. Strategic Initiatives - The bank's future strategy includes deepening reforms and enhancing services to support the local economy and small and medium-sized enterprises[24]. - Jiangxi Bank aims to enhance its governance and service to the real economy while managing risks effectively[31]. - The bank aims to achieve the annual goals of "two stabilizations, two advancements, and three improvements" in 2024, focusing on modern industrial system construction and digital empowerment[34]. - The bank's strategy focuses on high-quality development and reform transformation in line with national policies[31]. Shareholder Structure and Capital Management - Jiangxi Bank's total issued share capital as of December 31, 2023, is RMB 6,024,276,901, consisting of 1,345,500,000 H-shares and 4,678,776,901 domestic shares[178]. - The largest shareholder, Jiangxi Provincial Transportation Investment Group, holds 937,651,339 shares, representing 15.56% of the total share capital[181]. - The bank's shareholder structure includes significant state-owned entities, such as Jiangxi Provincial Transportation Investment Group and Jiangxi Provincial Financial Holding Group[190]. - The net amount of core tier 1 capital increased to RMB 37,227.26 million from RMB 36,366.53 million in the previous year, reflecting a growth in capital management[174].

中国网财经4月19日讯 近期，中央纪委国家监委网站显示，据江西省纪委监委消息：江西银行党委委 员、副行长俞健涉嫌严重违纪违法，主动向组织交代问题，目前正接受江西省纪委监委纪律审查和监察 调查。 公开资料显示，俞健自2008年7月加入江西银行，曾担任多种职务，包括资产风险管理部副总经理；公 司银行部副总经理；丰城支行党支部书记、行长；工人支行党支部书记、行长；八一支行党支部书记、 行长等，自2020年5月起，担任江西银行副行长。 值得关注的是，近年来江西银行内控问题频发，原董事长陈晓明、原副行长兼董事会秘书徐继红、萍乡 分行原行长冯亮、原资深顾问黄文杰均"落马"；中国网财经记者不完全统计，2023年以来，江西银行旗 下分支机构合计收到5张罚单，合计被罚185万元。 2022年12月，中央纪委国家监委网站发布消息，江西银行原党委书记、董事长陈晓明被开除党籍、开除 公职。经查，陈晓明所涉问题包括将江西银行视为"私人领地"，自立规矩、自行其是，任人唯亲、排斥 异己，严重污染所在单位政治生态；大搞家族式腐败，肆无忌惮，为亲属入职金融系统、开展业务等方 面谋取利益，纵容甚至帮助亲属进行违纪违法活动；利欲熏心，极度贪婪，擅 ...

近日，中共江西省纪律检察委员会官网显示，江西银行(01916.HK)党委委员、副行长俞健涉嫌严重违纪 违法，主动向组织交代问题，目前正接受江西省纪委监委纪律审查和监察调查。 近年来，江西银行也是一直不"消停"，原党委书记、董事长陈晓明，江西银行副行长、董秘徐继红，萍 乡分行原行长冯亮，原南昌银行党委委员、副行长黄文杰等高层相继被查。 从江西银行近年来的财务数据看，尽管2023年资产规模增长不错，但经营业绩却逐年下滑，资产质量未 见明显改善。如何阻止业绩的持续下滑，改善资产质量，是江西银行新管理层需要应对的"首考"。 图片营收净利润逐年下降 江西银行依托江西省较强的经济活力和韧性，其主要业务指标保持稳健，集团资产总额、存贷款余额保 持平稳增长，主要监管指标全部达标，市场地位排位保持稳定。 根据财报显示，截至2023年年末，江西银行的资产总额为5523.45亿元，较年初增长了367.73亿元，增幅 为7.13%；发放贷款及垫款总额为3368.90亿元，较上年同期增长了254.08亿元，增幅为8.16%。 在负债端，江西银行的负债总额为5048.13亿元，较年初增长了360.55亿元，增幅为7.69%；吸收存款为 ...

Financial Performance - The bank achieved an operating income of RMB 11.297 billion and a net profit of RMB 1.074 billion for the year ended December 31, 2023[9]. - Net interest income for 2023 was RMB 8,771.37 million, a decrease of 8.86% compared to RMB 9,624.33 million in 2022[19]. - Total operating income decreased by 11.15% to RMB 11,296.64 million in 2023 from RMB 12,714.04 million in 2022[19]. - The net profit attributable to shareholders for 2023 was RMB 1,036.19 million, down 33.13% from RMB 1,549.55 million in 2022[19]. - The average return on total assets decreased to 0.20% in 2023 from 0.31% in 2022[19]. - The company reported a pre-tax profit of RMB 1,010.35 million, compared to a loss of RMB 1,680.96 million in the previous year[177]. - The total operating income for the year was RMB 11,296.64 million, a decline from RMB 12,714.04 million in 2022[177]. Asset and Loan Growth - As of December 31, 2023, Jiangxi Bank's total assets reached RMB 552.345 billion, with total deposits of RMB 381.212 billion and total loans and advances of RMB 336.890 billion[9]. - Total assets increased by 7.13% to RMB 552,345.38 million in 2023 from RMB 515,572.66 million in 2022[21]. - The total amount of loans and advances issued by Jiangxi Bank was RMB 336.890 billion, reflecting an 8.16% growth year-on-year[40]. - The total deposits absorbed by Jiangxi Bank amounted to RMB 381.212 billion, marking an 8.08% increase from the previous year[40]. - The average balance of loans and advances was RMB 326.982 billion, with an average yield of 4.48%, compared to RMB 296.364 billion and 4.81% in 2022[73]. - The total amount of corporate loans and advances issued by the group reached RMB 219.9 billion, an increase of 16.16% compared to the end of the previous year[182]. Risk Management and Asset Quality - The non-performing loan ratio slightly improved to 2.17% in 2023 from 2.18% in 2022[21]. - The bank's focus on risk management led to a stable overall asset quality, with enhanced control over credit risk and improved post-loan management strategies[45]. - The group’s non-performing loans totaled RMB 7.30 billion, with a non-performing loan ratio of 2.17%, indicating a stable loan quality[142]. - The overdue loans totaled RMB 12.27 billion, representing 3.64% of total loans, a decrease of 1.12 percentage points compared to the previous year[156]. - The group implemented measures to enhance the management of non-performing assets, including optimizing the collection management structure and innovating disposal methods[158]. Digital Transformation and Innovation - Jiangxi Bank emphasizes digital transformation and aims to provide high-quality financial services to various customer segments, including urban and rural residents and small and medium-sized enterprises[9]. - The bank implemented a digital transformation strategy, establishing a large technology organizational structure to enhance digital infrastructure[30]. - The bank's digital transformation initiatives included the integration of online marketing platforms, resulting in a unified customer resource approach and improved service efficiency[46]. - The bank's commitment to digital infrastructure included the implementation of AI and biometric technologies, providing over 300,000 intelligent identification services monthly[46]. Customer and Market Development - The number of corporate clients increased by 16.23%, achieving the best historical growth level, while the number of micro and small enterprise loan clients grew by 24.38%[42]. - Customer acquisition reached a historical high, with significant growth in corporate and individual clients[57]. - The bank's retail financial services saw a 4.52% increase in total personal customers, with a 7.64 percentage point rise in the fund retention rate for payroll clients[42]. - The market share of RMB corporate deposits in Jiangxi Province was 8.81%, ranking fourth among 27 major financial institutions[179]. Financial Investments and Interest Income - The company achieved interest income of RMB 19.886 billion in 2023, a decrease of RMB 1.104 billion or 5.26% compared to 2022, primarily due to declining yields from loans and financial investments[71]. - Financial investment interest income fell to RMB 4.278 billion, a decrease of RMB 1.568 billion or 26.81%, influenced by lower market interest rates and a strategic shift towards low-risk, high-liquidity assets[75]. - The group's financial investment balance was RMB 163.7736 billion, an increase of RMB 6.676 billion or 4.25% compared to the previous year[118]. Employee and Operational Efficiency - The bank has a workforce of 5,143 employees and has established branches in Guangzhou and Suzhou, covering all prefecture-level cities in Jiangxi Province[9]. - Operating expenses totaled RMB 3.631 billion, a slight decrease of RMB 13 million or 0.36%, reflecting ongoing cost control measures[97]. - Employee costs remained stable at RMB 2.106 billion, with a marginal increase of RMB 0.17 million or 0.01% compared to the previous year[102]. Strategic Initiatives and Future Outlook - Jiangxi Bank aims to maximize value for stakeholders while contributing to the modernization of Jiangxi through high-quality financial services[10]. - The bank aims to create more value for customers and investors by exploring specialized operations and promoting high-quality development in 2024[49]. - The bank plans to continue reallocating resources from financial market activities to support real economy sectors[176].

Financial Performance - Net interest income for the first half of 2023 was RMB 4,481.64 million, a decrease of 3.03% compared to RMB 4,621.67 million in the same period of 2022[23]. - Total operating income decreased by 14.55% to RMB 5,398.52 million from RMB 6,317.67 million year-on-year[23]. - Net profit attributable to shareholders was RMB 1,201.98 million, down 6.21% from RMB 1,281.52 million in the previous year[23]. - The pre-tax profit for the reporting period was RMB 1.363 billion, a decrease of RMB 207.25 million or 13.20% year-on-year[28]. - The net profit for the period was RMB 1.226 billion, down by RMB 91.46 million or 6.94% compared to the same period last year[28]. - Interest income decreased to RMB 9.922 billion, a decline of 4.14% from RMB 10.351 billion in the previous year[29]. - The bank's basic earnings per share for the first half of 2023 was RMB 0.20, a decrease of 4.76% from RMB 0.21 in the same period of 2022[23]. Asset and Liability Management - Total assets as of June 30, 2023, reached RMB 538,644.06 million, an increase of 4.47% from RMB 515,572.66 million at the end of 2022[24]. - Total liabilities amounted to RMB 490.712 billion, an increase of RMB 21.954 billion, representing a growth of 4.68%[72]. - The total amount of loans and advances amounted to RMB 330.101 billion, up by RMB 18.620 billion from the end of last year[27]. - The total deposits increased to RMB 371.544 billion, rising by RMB 18.833 billion compared to the end of the previous year[27]. - The capital adequacy ratio was reported at 14.02%[27]. Loan and Credit Quality - Non-performing loan ratio improved slightly to 2.17% from 2.18% year-on-year[24]. - The non-performing loan (NPL) ratio was 2.17%, a decrease of 0.01 percentage points from the end of the previous year, with total non-performing loans amounting to RMB 71,768.6 million, an increase of RMB 3,960 million, or 5.83%[83]. - The total amount of corporate loans and advances increased by RMB 23,538 million, or 12.43%, with a corporate NPL ratio of 2.61%, down 0.41 percentage points from the end of the previous year[84]. - The total amount of personal loans and advances increased by RMB 1,411 million, or 1.69%, with a personal NPL ratio of 1.91%, up 0.63 percentage points from the end of the previous year[84]. Operational Efficiency - Operating expenses for the reporting period amounted to RMB 1.6 billion, an increase of RMB 57 million year-on-year, reflecting a growth of 3.68% due to increased marketing expenses following the end of the pandemic[54]. - Employee costs for the reporting period were RMB 901.56 million, up RMB 13.37 million from the previous year, a growth of 1.51%[55]. - The group recorded an asset impairment loss of RMB 2.439 billion, a decrease of RMB 768.9 million year-on-year, representing a decline of 23.94%[59]. Risk Management - The group has established a comprehensive risk management system covering credit, liquidity, market, operational, and other risks[142]. - The bank has enhanced its monitoring of market price trends and improved interest rate transmission efficiency to mitigate interest rate risks on the banking book[147]. - The bank has focused on daily monitoring and early warning of foreign exchange exposures, maintaining low overnight positions to avoid risks from exchange rate fluctuations[148]. - The bank has implemented a compliance management system to ensure adherence to laws and regulations, enhancing overall compliance capabilities[152]. Awards and Recognition - The bank was awarded the title of "Outstanding Underwriter" by the China Export-Import Bank in January 2023[22]. - The bank's "Digital Agricultural Financial Service Platform" won the "Best Rural Revitalization Digital Construction Award" at the 9th "Golden Pine Award" in February 2023[22]. - The bank's brand image was enhanced, receiving multiple awards including the "China Banking Industry ESG Practice Award" and the "Gold Award in Digital Financial Innovation Competition" in 2023[27]. Shareholder Structure - As of June 30, 2023, the total issued share capital of the company is RMB 6,024,276,901, consisting of 1,345,500,000 H shares and 4,678,776,901 domestic shares[163]. - The company has 8,872 domestic shareholders, including 29 state shareholders, 285 corporate shareholders, and 8,558 individual shareholders as of June 30, 2023[165]. - The top shareholder, Jiangxi Provincial Transportation Investment Group, holds 937,651,339 shares, representing 15.56% of the total share capital[166]. Digital Transformation - The bank's digital platform "Jiangyin Inclusive" launched new online products, enhancing the accessibility and convenience of financing for small and micro enterprises[117]. - The bank's cross-border RMB settlement volume grew by 39.08% year-on-year, with the half-year settlement volume exceeding that of 2021 and approaching the total for 2022[129]. - The total number of registered personal electronic banking customers reached 3.2511 million, an increase of 4.79% compared to the end of the previous year[132].

Financial Performance - For the six months ended June 30, 2023, net interest income was RMB 4,481.64 million, a decrease of 3.03% compared to RMB 4,621.67 million in 2022[24] - Net fee and commission income was RMB 167.05 million, down 55.27% from RMB 373.44 million in the previous year[24] - Total operating income decreased by 14.55% to RMB 5,398.52 million from RMB 6,317.67 million in 2022[24] - The pre-tax profit for the period was RMB 1,362.88 million, reflecting a decline of 13.20% compared to RMB 1,570.13 million in 2022[24] - Net profit attributable to shareholders was RMB 1,201.98 million, down 6.21% from RMB 1,281.52 million in the same period last year[24] - Basic earnings per share decreased by 4.76% to RMB 0.20 from RMB 0.21 in 2022[24] - The average return on total assets was 0.47%, a decrease of 0.05% from 0.52% in the previous year[24] - The net interest margin was 1.74%, down from 1.86% in 2022, indicating a decline of 0.12%[24] - The cost-to-income ratio increased to 28.25% from 23.24% in the previous year, reflecting a rise of 5.01%[24] Asset and Liability Management - As of June 30, 2023, total assets reached RMB 538,644.06 million, an increase of 4.47% compared to the end of 2022[25] - Total liabilities amounted to RMB 490,711 million, an increase of RMB 21,954 million, representing a growth of 4.68%[73] - The capital adequacy ratio stood at 14.02%, showing stability in capital management[25] - The liquidity coverage ratio improved significantly to 414.86%, up from 323.78% at the end of 2022[25] - The total amount of loans and advances issued by the group reached RMB 330,101 million, an increase of RMB 18,620 million, representing a growth of 5.98% compared to the end of the previous year[66] - Customer deposits totaled RMB 3,715.44 million, reflecting an increase of RMB 188.33 million compared to the end of 2022[28] Loan and Credit Quality - The non-performing loan ratio improved slightly to 2.17%, down from 2.18% at the end of 2022[25] - The provision coverage ratio increased to 188.65%, up from 178.05% at the end of 2022, indicating stronger risk management[25] - The total amount of non-performing loans (NPLs) was RMB 71.77 billion, an increase of RMB 3.96 billion, representing a growth of 5.83% compared to the end of the previous year[85] - The NPL ratio stood at 2.17%, a slight decrease of 0.01 percentage points from the end of the previous year[84] - The provision for impairment was RMB 13.54 billion, reflecting a proactive approach to managing credit risk[84] Operational Efficiency - The bank's operating expenses rose to RMB 1.60 billion, an increase of 3.68% compared to the previous year[30] - The bank's tax expense decreased by 45.80% to RMB 137 million, reflecting improved tax efficiency[30] - The group recorded an asset impairment loss of RMB 2.439 billion, a decrease of RMB 767.89 million or 23.94% year-on-year[60] - The bank's financial investment income net amounted to RMB 393.60 million for the first half of 2023, showing a significant contribution from trading gains[101] Customer and Market Engagement - The bank's brand image has been enhanced, receiving multiple awards including the "China Banking Industry ESG Practice Award" and "Gold Award in Digital Financial Innovation Competition" in 2023[28] - The number of personal customers increased by 136,000 to 5.899 million, with VIP customers increasing by 49,000, a growth of 12.20%[121] - The bank has established talent financial service centers across various cities in Jiangxi Province, supporting talent enterprises with loans exceeding RMB 10 billion[116] - The bank has launched new financial products tailored for key customer groups, enhancing its wealth management offerings[123] Strategic Initiatives and Future Outlook - The bank aims to enhance credit investment in traditional industry upgrades, green low-carbon sectors, and strategic emerging industries, aligning with Jiangxi Province's "14th Five-Year Plan" funding needs[163] - The bank is committed to reducing financing costs for small and micro enterprises through tools like re-lending, alleviating financial burdens during challenging times[162] - The bank's strategic goals for the year include ensuring one key objective, accelerating two initiatives, and achieving three breakthroughs in high-quality development[163] Risk Management - The group has implemented a comprehensive risk management system covering credit, liquidity, market, operational, and other risks to ensure sustainable development[143] - The bank has strengthened risk identification and assessment processes to enhance operational risk management[150] - The bank has revised its market risk management system and limit management methods to effectively guide risk prevention and business development[147] Shareholder Structure - As of June 30, 2023, the total issued share capital of the bank is RMB 6,024,276,901, consisting of 1,345,500,000 H-shares and 4,678,776,901 domestic shares[164] - The largest shareholder, Jiangxi Provincial Transportation Investment Group, holds 937,651,339 shares, representing 15.56% of the total share capital[167] - The company has a diverse shareholder base, including state-owned enterprises and investment groups, indicating strong institutional support[179]

Financial Performance - The bank achieved an operating income of RMB 12.714 billion and a net profit of RMB 1.601 billion for the year[24]. - Net interest income for 2022 was RMB 9,624.33 million, an increase of 9.84% compared to RMB 8,761.81 million in 2021[27]. - Total operating income rose to RMB 12,714.04 million, reflecting a growth of 14.08% from RMB 11,144.43 million in the previous year[27]. - The net profit attributable to shareholders decreased by 25.15% to RMB 1,549.55 million from RMB 2,070.31 million in 2021[27]. - The pre-tax profit for the reporting period was RMB 1.681 billion, a decrease of 32.66% compared to the previous year[42]. - The net profit was RMB 1.601 billion, down 24.20% year-on-year, primarily due to an increase in asset impairment losses by RMB 2.390 billion[42]. - The total operating income for 2022 was RMB 12,714.04 million, an increase from RMB 11,144.43 million in 2021, representing a growth of approximately 14.09%[119]. Asset and Liability Management - As of the end of the reporting period, Jiangxi Bank's total assets amounted to RMB 515.573 billion, with total deposits of RMB 352.711 billion and total loans and advances of RMB 311.481 billion[24]. - The total assets reached RMB 515,572.66 million, a slight increase of 1.38% from RMB 508,559.81 million in 2021[28]. - The total deposits increased to RMB 352.711 billion, marking a growth of 2.61% from the previous year[41]. - The total amount of loans and advances issued was RMB 3,114.81 billion, an increase of RMB 337.67 billion, or 12.16%, compared to the end of the previous year[77]. - The total liabilities of the group stood at RMB 468.76 billion, an increase of RMB 1.83 billion, representing a growth of 0.39% from the previous year[84]. - The total equity of the group was RMB 46.815 billion, up RMB 5.182 billion or 12.45% year-on-year; equity attributable to shareholders was RMB 46.048 billion, an increase of RMB 5.131 billion or 12.54%[92]. Risk Management - The non-performing loan ratio increased to 2.18%, up by 0.71% from 1.47% in 2021[28]. - Jiangxi Bank has implemented a risk control mechanism that includes tailored risk disposal plans for major clients, aiming to reduce overall risk assets[34]. - The bank's risk management framework includes credit risk, liquidity risk, market risk, operational risk, information technology risk, legal and compliance risk, reputation risk, and strategic risk[161]. - The bank's operational risk management system has been enhanced with new modules for monitoring employee behavior and compliance[169]. - The overdue loans reached RMB 14.82 billion, representing 4.76% of the total loans, an increase of 2.66 percentage points compared to the previous year[107]. Digital Transformation and Innovation - Jiangxi Bank aims to provide high-quality, efficient, and convenient financial services to various types of customers, focusing on supporting local economic development and entrepreneurship[24]. - The bank is committed to enhancing its digital financial services, having won the "Best Smart Marketing Award for Mobile Banking" in 2022[26]. - The bank's focus on digital transformation aims to enhance financial services through digital, online, intelligent, and scenario-based applications[37]. - The bank established a strategic development and digital transformation committee to oversee its digital transformation efforts, enhancing its business support capabilities[151]. - The company has integrated various electronic channels, enhancing service efficiency and customer experience through a unified platform[155]. Customer Base and Market Position - The number of corporate and individual customers grew by 9.19% and 7.28% year-on-year, respectively, indicating a more diversified customer base[34]. - The bank's personal effective customer base grew to 7.4715 million, an increase of 928,700 customers, or 14.19%[138]. - The bank's market share for personal deposits in Jiangxi Province reached 5.15%, an increase of 0.02 percentage points year-on-year[136]. - The company maintained a market share of 8.75% in RMB corporate deposits in Jiangxi Province, ranking fourth[120]. Strategic Initiatives - Jiangxi Bank has initiated the establishment of Jiangxi Province's first financial leasing company and five rural banks[24]. - The bank aims for quality improvement and reasonable growth in 2023, focusing on asset structure, business expansion, and customer base development[34]. - The bank has committed to increasing credit issuance, focusing on supporting local government initiatives and enhancing financial services[32]. - The bank's strategic goals for 2023 include ensuring stability, accelerating growth, and achieving breakthroughs in key areas[182]. Shareholder Structure - The bank's total issued share capital remained unchanged at RMB 6,024,276,901 as of December 31, 2022[184]. - The top shareholder, Jiangxi Provincial Transportation Investment Group, holds 15.56% of the total share capital, with 937,651,339 shares[186]. - The bank had 8,931 domestic shareholders, including 29 state shareholders and 285 corporate shareholders[186]. - The shareholding of China Tobacco Jiangxi Company is 180,000,000 shares, which is about 3.85% of the total issued domestic shares and 2.99% of the total issued shares[189].