Financial Performance - Net profit for the first half of 2024 was RMB 808.34 million, representing a year-on-year increase of 19.71% from RMB 675.27 million[10]. - The company's total operating income for the first half of 2024 was RMB 2.836 billion, up RMB 389 million or 15.91% compared to the same period last year[17]. - The bank's total operating income for the first half of 2024 reached RMB 2,835,908 thousand, a 15.87% increase from RMB 2,446,656 thousand in the same period of 2023[112]. - The bank's pre-tax profit for the first half of 2024 was RMB 1,035,133 thousand, up from RMB 860,297 thousand in the same period of 2023, marking a growth of 20.3%[187]. - The bank's operating profit for the first half of 2024 was RMB 1,034,030 thousand, an increase of 20.6% from RMB 857,526 thousand in the same period of 2023[187]. Asset and Liability Management - Total assets reached RMB 165.16 billion, an increase of 4.77% compared to RMB 157.64 billion at the end of 2023[10]. - Total liabilities as of June 30, 2024, were RMB 153.81 billion, an increase of RMB 7.10 billion or 4.84% from the end of 2023, primarily due to steady growth in customer deposits[64]. - Customer deposits amounted to RMB 130.26 billion, reflecting a growth of 10.74% from RMB 117.62 billion at the end of 2023[10]. - The bank's total liabilities increased to 153,808,830 from 146,709,384, reflecting a growth of about 4.7%[190]. Loan and Deposit Growth - Customer loans totaled RMB 100.44 billion, with a net increase of 7.72% from RMB 88.47 billion at the end of 2023[10]. - The net amount of customer loans was RMB 95.30 billion, an increase of RMB 6.83 billion or 7.72% year-over-year[50]. - The total amount of customer deposits reached RMB 124.93 billion, with an interest expense of RMB 1.67 billion[34]. - Customer deposits as of June 30, 2024, totaled RMB 130.26 billion, an increase of RMB 12.63 billion or 10.74% from the end of 2023, accounting for 84.69% of total liabilities[66]. Profitability Ratios - The average return on total assets increased to 1.00%, compared to 0.89% in the same period last year[11]. - The average return on equity rose to 14.07%, up from 12.41% in the previous year[11]. - The net interest margin improved to 2.77%, an increase of 0.03 percentage points compared to the previous year, driven by a greater decline in the average cost of interest-bearing liabilities than the average yield on interest-earning assets[22]. Non-Performing Loans and Risk Management - The non-performing loan ratio was 1.39%, slightly up from 1.35% at the end of 2023[10]. - The non-performing loan ratio remained at a competitive level among national city commercial banks, indicating effective risk management[15]. - The expected credit loss provision for loans measured at amortized cost increased to RMB 5.147 billion as of June 30, 2024, up RMB 574 million or 12.56% from the end of 2023[87]. - The bank has strengthened internal management and risk control capabilities to mitigate loan risks amid a complex global economic environment[73]. Capital Adequacy and Liquidity - The bank's capital adequacy ratio stood at 12.46%, down from 12.74% at the end of 2023[10]. - The liquidity ratio improved to 82.26%, compared to 80.14% in the previous period[10]. - The liquidity ratio as of June 30, 2024, is 82.26%, exceeding the regulatory requirement by 57.26 percentage points[106]. - The quality liquidity asset ratio is 171.25%, surpassing the regulatory requirement by 71.25 percentage points[106]. Shareholder Information - The total shareholding of Luzhou Laojiao Group Co., Ltd. and its controlled entities amounts to 433,920,000 shares, representing 15.97% of the total issued shares[148]. - The report indicates a significant concentration of ownership among the top shareholders, with the top five holding over 50% of the total shares[145]. - The top ten shareholders of Luzhou Bank hold a total of 1,000,000,000 shares, representing approximately 37.73% of the total issued shares[145]. Employee and Management Structure - As of June 30, 2024, the total number of employees in the company is 1,486, with an average age of 35.23 years[167]. - The company organized approximately 170 training sessions during the reporting period, with over 4,600 participants[172]. - The board of directors consists of 10 members, including 2 executive directors and 4 independent non-executive directors[161]. Operational Efficiency - The bank's total operating expenses for the first half of 2024 were RMB 898,069 thousand, compared to RMB 716,788 thousand in the prior year, reflecting an increase of 25.3%[187]. - The bank has implemented measures to strengthen the management of non-performing assets, including enhanced monitoring of overdue loans and risk warning signals[88]. - The bank's management emphasized proactive compliance and strict risk control principles to enhance credit risk management[96].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1983） 截至2024年6月30日止六個月之中期業績公告 瀘州銀行股份有限公司（「本行」）董事會（「董事會」）謹此宣佈本行截至2024年6月 30日止六個月之未經審計中期業績。本中期業績公告列載本行2024年中期報告全 文，並符合香港聯合交易所有限公司證券上市規則中有關中期業績初步公告附載 的資料之要求。 本行2024年中期報告將於適當時候可在香港交易及結算所有限公司披露易網站 www.hkexnews.hk 及本行網站www.lzccb.cn 閱覽。 | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------------------------------| | | | | | 承董事會命 | | | | | | 瀘州銀行股份有限公司 * 董事長 | | | | ...

Financial Performance - Total assets of Luzhou Bank reached RMB 157.636 billion, with total customer loans at RMB 93.039 billion and total customer deposits at RMB 117.625 billion[5]. - Net interest income decreased by 5.21% to RMB 3,088.261 million compared to RMB 3,258.171 million in 2022[9]. - Operating income increased by 22.25% to RMB 4,770.347 million from RMB 3,901.997 million in the previous year[9]. - Net profit attributable to shareholders rose by 23.12% to RMB 994.237 million, up from RMB 807.529 million in 2022[9]. - Basic earnings per share improved to RMB 0.33, up from RMB 0.26 in the previous year[8]. - Operating income and net profit growth exceeded asset, deposit, and loan growth by over 10 percentage points[14]. - In 2023, the company's pre-tax profit reached RMB 1.25 billion, an increase of RMB 236 million, representing a growth of 23.29% compared to the previous year[21]. - The net profit for 2023 was RMB 994.24 million, up by RMB 187 million, with a growth rate of 23.12% year-on-year[21]. - Total operating income for 2023 was RMB 4.77 billion, an increase of RMB 868 million, reflecting a growth of 22.25% compared to 2022[23]. Asset and Liability Management - Total assets increased by 6.06% year-on-year to RMB 157.64 billion in 2023[10]. - Total liabilities increased by 5.98% year-on-year to RMB 146.71 billion[10]. - Customer deposits grew by 7.47% year-on-year to RMB 117.62 billion[10]. - The total amount of customer loans was RMB 93.04 billion, an increase of RMB 9.86 billion, representing a growth of 11.85% year-on-year[50]. - The net amount of customer loans was RMB 88.47 billion, an increase of RMB 8.47 billion, reflecting a growth of 10.58% compared to the previous year[50]. - The total investment value as of the end of December 2023 was RMB 51.55 billion, an increase of RMB 3.02 billion or 6.22% compared to the end of 2022[55]. Credit Quality and Risk Management - The bank's expected credit losses and other asset impairment losses increased by 36.74% to RMB 1,799.374 million compared to RMB 1,315.882 million in 2022[9]. - Non-performing loan ratio decreased to 1.35%, the best level in four years[10]. - Provision coverage ratio increased significantly by 115.49 percentage points to 372.42%[10]. - The total amount of overdue loans was RMB 1.34 billion, a decrease of RMB 236 million from the end of the previous year, with an overdue loan ratio of 1.45%[84]. - The bank's loan loss provisions measured at amortized cost increased to RMB 4.57 billion at year-end 2023, up RMB 1.39 billion from the previous year, representing a growth rate of 43.72%[86]. - The bank's non-performing loans management included exploring multiple channels for asset resolution, such as debt transfer[87]. Income Sources - The proportion of net interest income in total operating income decreased to 64.74%, down by 18.76 percentage points from the previous year[23]. - Non-interest income for 2023 was RMB 1.68 billion, accounting for 35.26% of total operating income[23]. - The bank's income from wealth management fees was RMB 127.21 million, an increase of RMB 24.84 million, representing a growth of 24.26% year-on-year[42]. - The bank's financial investment net income was RMB 354.06 million, an increase of RMB 219.76 million, representing a growth of 163.52% year-on-year[44]. - Non-interest income surged to RMB 1,682.09 million, an increase of RMB 1,038.38 million or 161.26% compared to the previous year[40]. Governance and Management - The company appointed new non-executive directors and independent non-executive directors on March 13, 2023, enhancing its governance structure[155]. - The company has maintained a consistent leadership structure with no significant changes in the supervisory board members[156]. - The company continues to focus on enhancing its governance and management capabilities through strategic appointments and stability in leadership[156]. - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and senior management[190]. - The company has committed to maintaining high standards of corporate governance and adhering to best practices[199]. Market Position and Recognition - The bank ranked 17th in the "GYROSCOPE" evaluation system for urban commercial banks, with a competitiveness ranking of 4th[7]. - Luzhou Bank was awarded the "Pioneer Bank in Inclusive Finance" in the 21st China Economic Wind and Cloud List[7]. - The bank operates 39 business outlets across its branches in Chengdu, Meishan, and Suining[5]. Employee and Workforce - The total number of employees at Luzhou Bank is 1,445, with an average age of 34.53 years[183]. - Employees aged 20 to 30 years account for 31.83% of the workforce, while those aged 30 to 40 years make up 46.09%[183]. - Employees with a master's degree or higher total 276, representing 19.10% of the workforce[184]. - The gender distribution shows 43.53% male employees and 56.47% female employees, indicating a balanced gender ratio[185]. - A total of 407 internal and external training sessions were conducted, with approximately 18,200 participants[186].

Financial Performance - Net interest income for 2023 was RMB 3,088,261 thousand, a decrease of 5.21% compared to RMB 3,258,171 thousand in 2022[11]. - Total operating income increased by 22.25% to RMB 4,770,347 thousand in 2023 from RMB 3,901,997 thousand in 2022[11]. - Net profit attributable to shareholders reached RMB 994,237 thousand, reflecting a growth of 23.12% year-over-year[11]. - Total operating income for 2023 was RMB 4.77 billion, an increase of RMB 868 million, reflecting a growth of 22.25% from the previous year[32]. - In 2023, the company reported a pre-tax profit of RMB 1.25 billion, an increase of RMB 236 million, representing a growth of 23.29% compared to the previous year[30]. - Non-interest income for 2023 was RMB 1.68 billion, accounting for 35.26% of total operating income, indicating a shift towards diversified income sources[32]. - The bank's average return on total assets was 0.65%, up 0.08 percentage points, while the average return on equity was 9.36%, up 1.23 percentage points[19]. - The bank's total operating expenses for 2023 amounted to RMB 1,722,652,000, an increase of RMB 147,469,000 or 9.36% compared to RMB 1,575,183,000 in 2022[56]. Asset and Liability Management - Total assets of Luzhou Bank reached RMB 157.636 billion as of December 31, 2023[6]. - Total customer loans amounted to RMB 93.039 billion, while total customer deposits were RMB 117.625 billion[6]. - Total liabilities reached RMB 146.71 billion as of December 31, 2023, an increase of RMB 8.28 billion or 5.98% compared to the previous year[77]. - Customer deposits amounted to RMB 117.62 billion, growing by RMB 8.18 billion or 7.47% year-over-year, representing 80.17% of total liabilities[79]. - The bank's equity increased to RMB 10.93 billion, up RMB 0.73 billion or 7.17% compared to the previous year[83]. - The bank's total loans reached RMB 92.46 billion, an increase of 11.63% from the previous year, with non-performing loans totaling RMB 1.25 billion, a decrease of RMB 0.23 billion[88]. - The bank's total financial investments at amortized cost amounted to RMB 14.79 billion, a slight decrease from RMB 15.34 billion in the previous year[76]. Loan and Credit Quality - The non-performing loan ratio improved to 1.35% in 2023, down from 1.53% in 2022[11]. - The quality of new loans significantly improved, achieving the best non-performing loan ratio in four years[14]. - The provision coverage ratio reached 372.42%, an increase of 115.49 percentage points year-on-year, enhancing risk resistance capability[21]. - The bank's non-performing loans totaled RMB 1,244,540 thousand, with the majority (84.72%) concentrated in the leasing and business services, real estate, and construction industries[90]. - The proportion of normal loans increased to 97.37% in 2023 from 96.65% in 2022, while non-performing loans decreased slightly to 1.35% from 1.53%[89]. - The bank's credit risk management has improved, as evidenced by the decrease in the proportion of substandard loans to 0.37% from 1.38% year-on-year[89]. Capital Management - The capital adequacy ratio decreased slightly to 12.74% in 2023 from 13.01% in 2022[12]. - The Tier 1 capital adequacy ratio was 9.61%, down 0.11 percentage points year-on-year, and above regulatory requirements by 1.11 percentage points[108]. - The core Tier 1 capital adequacy ratio increased to 8.12%, up 0.02 percentage points from the previous year, exceeding regulatory requirements by 0.62 percentage points[108]. - The bank adheres to regulatory capital requirements and conducts regular internal capital assessments to ensure adequate capital levels[106]. - The bank's capital management strategy aims to enhance capital risk resistance and return on capital while meeting regulatory requirements[106]. Risk Management - The bank has strengthened credit risk management by optimizing credit structure and enhancing credit approval processes[110]. - The bank's non-performing asset management measures include early intervention and tailored risk resolution plans for overdue loans[103]. - The bank is focusing on post-loan risk management to prevent credit risks and improve asset quality monitoring[112]. - The bank has implemented a comprehensive operational risk management strategy, including internal control improvements and compliance culture promotion[113]. - The bank's liquidity ratio reached 80.14%, exceeding the regulatory requirement by 55.14 percentage points[125]. Shareholder Structure - The bank's total share capital remained unchanged at 2,717,752,062 shares throughout the reporting period[163]. - The top shareholder, Luzhou Laojiao Group Co., Ltd., holds 14.37% of the bank's shares, totaling 390,528,000 shares[167]. - Luzhou Bank reported significant shareholder structures, with major shareholders holding over 5% of the shares or having substantial influence on management decisions[176]. - The report indicates that there are no other known individuals with significant shareholdings as of December 31, 2023, apart from directors and senior management[174]. - The company has established a unified action agreement regarding shareholdings with Luzhou Laojiao Group Co., Ltd. and Luzhou Xinglu Investment Group Co., Ltd. until May 31, 2024[5]. Business Development and Strategy - The company plans to focus on high-quality development and business transformation in 2024, optimizing asset structure and enhancing credit risk management[28]. - The bank is committed to deepening reforms and enhancing internal controls and risk management to ensure sustainable and stable operations[28]. - The bank is focused on enhancing its operational efficiency and expanding its market presence through strategic initiatives[198]. - The bank's strategic direction includes exploring new business opportunities and potential partnerships to drive growth[198]. - The company is actively enhancing its environmental and social risk management strategies in line with national carbon neutrality goals[131].

智通财经APP讯，泸州银行(01983)公布，鉴于抵债资产处置有利于减少低效资产对资本的占用，优化资 产结构，加快资产周转速度，该行计划出售该抵债资产。该行已完成公开挂牌竞价程序，由涪发集团以 成交价人民币5.815亿元投得抵债资产。于2023年12月27日，该行(作为卖方)与涪发集团(作为买方)签订 资产转让协议，据此，在资产转让协议所载的条款及条件规限下，涪发集团同意以代价人民币5.815亿 元购买抵债资产。该行预计将就出售事项确认收益约人民币2.93亿元。 据悉，抵债资产为商业物业，位于中国重庆市涪陵区兴华中路泽胜中央广场B馆，建筑面积为83,862.55 平方米。于签订资产转让协议日期，抵债资产为该行所全资拥有。 ...

Financial Performance - Net profit rose by 4.92% to RMB 675.27 million from RMB 643.62 million in the same period last year[10]. - Operating income increased by 3.73% to RMB 2.45 billion compared to RMB 2.36 billion in the previous year[10]. - Net interest income decreased by 13.19% to RMB 1.55 billion from RMB 1.79 billion in the same period last year[10]. - Total operating income for the first half of 2023 was RMB 2,446.66 million, a 3.73% increase from RMB 2,358.70 million in the same period of 2022[185]. - Net interest income for the six months ended June 30, 2023, was RMB 1,554,533, a decrease of 13.2% from RMB 1,790,738 in the same period of 2022[185]. - The bank's basic and diluted earnings per share for the first half of 2023 were RMB 0.21, up from RMB 0.20 in the same period of 2022[185]. Assets and Liabilities - Total assets reached RMB 153.94 billion, an increase of 3.58% compared to RMB 148.63 billion at the end of 2022[10]. - Total liabilities reached RMB 143.09 billion, an increase of RMB 4.66 billion or 3.36%, primarily due to steady growth in customer deposits[65]. - The bank's total liabilities were RMB 143,092,400, an increase from RMB 138,434,211 at the end of 2022[187]. - The bank's equity attributable to shareholders increased to RMB 10,852,146 from RMB 10,195,616 at the end of 2022[187]. Customer Loans and Deposits - Net customer loans amounted to RMB 85.02 billion, up 6.27% from RMB 80.00 billion at the end of 2022[10]. - Customer deposits totaled RMB 115.48 billion, reflecting a growth of 5.52% from RMB 109.45 billion at the end of 2022[10]. - The bank's net customer loans were RMB 850.17 billion, reflecting a growth of RMB 50.18 billion or 6.27% year-on-year[51]. - As of June 30, 2023, the company's total customer deposits reached RMB 115.48 billion, an increase from RMB 109.45 billion at the end of 2022, representing a growth of 5.12%[68]. Non-Performing Loans and Risk Management - The non-performing loan ratio improved to 1.50%, down from 1.53% at the end of 2022[10]. - The provision coverage ratio increased to 295.10%, up from 256.93% at the end of 2022[10]. - The bank has strengthened its risk management and control, with a focus on improving the quality of credit assets amid a complex global economic environment[74]. - The expected credit loss provision for loans measured at amortized cost increased to RMB 3.81 billion as of June 30, 2023, up RMB 630 million or 19.78% from the end of 2022[88]. Capital Adequacy - The core Tier 1 capital adequacy ratio stood at 8.28%, slightly up from 8.10% at the end of 2022[10]. - The bank's total capital adequacy ratio was 12.97% as of June 30, 2023, a decrease of 0.04 percentage points from the end of 2022, but still exceeding regulatory requirements by 2.47 percentage points[94]. - The bank's net capital increased to RMB 14.31 billion as of June 30, 2023, from RMB 13.62 billion at the end of 2022[94]. Employee and Governance - The total number of employees in the company is 1,435, with an average age of 34.71 years[166]. - The company has established a dual-channel salary promotion system for employees, linking performance pay closely to value creation and performance contributions[172]. - The company’s board consists of 11 members, including 2 executive directors and 4 non-executive directors[159]. - The bank has complied with corporate governance standards and improved its governance structure according to relevant laws and regulations[174]. Market and Investment Activities - The bank's bond investment scale reached CNY 38.601 billion, an increase of CNY 8.872 billion or 29.84% from the beginning of the year[137]. - The bank's holdings of discounted bills increased to CNY 1.884 billion, a rise of CNY 1.447 billion or 331.12% compared to the end of the previous year[134]. - The bank's total interbank borrowing balance was CNY 3.366 billion, a decrease of CNY 1.10 billion or 3.16% from the beginning of the year[132]. Dividends and Shareholder Information - The bank plans to distribute a cash dividend of RMB 0.8 per 10 shares, totaling RMB 217.42 million, subject to shareholder approval[175]. - The total number of shares outstanding as of the end of the reporting period is 2,717,752,062, with 1,964,632,062 domestic shares and 753,120,000 H shares[145]. - The largest shareholder, Luzhou Laojiao Group Co., Ltd., has a beneficial ownership of 390,528,000 domestic shares, which is 14.37% of the total[148].

Financial Performance - Net interest income decreased by 13.19% to RMB 1.55 billion compared to RMB 1.79 billion for the same period in 2022[10] - Operating income increased by 3.73% to RMB 2.45 billion, up from RMB 2.36 billion year-on-year[10] - Net profit attributable to shareholders rose by 4.92% to RMB 675.27 million, compared to RMB 643.62 million in the previous year[10] - For the first half of 2023, the bank achieved a pre-tax profit of RMB 860.3 million, an increase of RMB 0.31 million or 3.73% year-on-year[16] - The net profit for the same period was RMB 675.3 million, up RMB 0.32 million or 4.92% compared to the previous year[16] - Total operating income for the first half of 2023 was RMB 2.447 billion, reflecting an increase of RMB 0.88 billion or 3.73% year-on-year[18] - The bank's basic and diluted earnings per share for the first half of 2023 were RMB 0.21, up from RMB 0.20 in the same period of 2022[185] Asset and Liability Management - The total assets of Luzhou Bank reached RMB 153.94 billion as of June 30, 2023, representing a 3.58% increase from RMB 148.63 billion at the end of 2022[10] - Total liabilities reached RMB 143.09 billion, an increase of RMB 4.66 billion or 3.36%, primarily driven by steady growth in customer deposits[65] - Customer deposits totaled RMB 115.48 billion, up by RMB 6.04 billion or 5.52%, accounting for 80.70% of total liabilities[67] - The bank's liquidity ratio was reported at 70.70%, down from 73.47% in the previous year[11] - The bank's liquidity position remains stable, with a focus on prudent lending practices amid changing credit demand[80] Loan and Deposit Growth - Customer loans amounted to RMB 888.28 billion, with a net loan amount of RMB 85.02 billion as of June 30, 2023, reflecting a 6.27% increase from the previous year[10] - The total customer loans reached RMB 888.28 billion, an increase of RMB 56.47 billion or 6.79% compared to the end of last year[51] - The net customer loans amounted to RMB 850.17 billion, reflecting a growth of RMB 50.18 billion or 6.27% year-on-year[51] - The average balance of customer deposits was RMB 117.55 billion, with interest income of RMB 1.75 billion and an average cost rate of 2.98%[35] Non-Performing Loans and Risk Management - The non-performing loan ratio improved slightly to 1.50% from 1.53% at the end of 2022[10] - The expected credit loss provision for loans measured at amortized cost increased to RMB 3.81 billion as of June 30, 2023, up RMB 630 million or 19.78% from the end of 2022[88] - The bank has strengthened risk control measures, with guarantee and mortgage loans making up 70.38% of total loans[82] - The bank's non-performing loans in the corporate sector are primarily concentrated in real estate, leasing and business services, construction, wholesale and retail, and manufacturing, accounting for 86.88% of total corporate non-performing loans[78] Capital Adequacy - The bank's core tier 1 capital adequacy ratio stood at 8.28%, up from 8.10% at the end of 2022[11] - The bank's total capital adequacy ratio as of June 30, 2023, was 12.97%, a decrease of 0.04 percentage points from the end of 2022, but still exceeding regulatory requirements by 2.47 percentage points[94] - The core tier 1 capital ratio improved to 8.28% as of June 30, 2023, an increase of 0.18 percentage points compared to the end of 2022, also above regulatory requirements[94] Investment and Financial Market Activities - The bank's total investment in major projects reached RMB 3.25 trillion, with 248 significant projects being advanced[14] - The bank's bond investment scale reached RMB 38.601 billion, an increase of 8.872 billion yuan or 29.84% from the beginning of the year[137] - The bank's financial market business focused on optimizing investment strategies while managing risks amid changing macroeconomic conditions[128] Shareholder Structure and Governance - The bank's total share capital remained unchanged at 2,717,752,062 shares during the reporting period[144] - The report highlights that the top 10 shareholders collectively hold a significant portion of the bank's shares, indicating concentrated ownership[146] - The bank has maintained compliance with corporate governance standards, achieving alignment with the requirements of the Listing Rules and enhancing governance structures[174] Employee and Training Initiatives - As of June 30, 2023, the total number of employees in the company is 1,435, with an average age of 34.71 years[166] - During the reporting period, the company organized approximately 199 training sessions, with around 6,783 participants[171] - The company emphasizes training aligned with its strategic goals, focusing on both internal and external training programs[171] Future Plans and Strategic Focus - Luzhou Bank plans to establish two new community branches in Meishan and Suining, expanding its network[9] - The bank plans to continue optimizing its liability structure and strengthen smart risk control in the second half of 2023[15] - The bank's strategic focus includes supporting the Chengdu-Chongqing economic circle and enhancing regional economic development[15]

Financial Performance - Luzhou Bank's total assets reached RMB 148.63 billion, with total customer loans amounting to RMB 83.18 billion and total customer deposits of RMB 109.45 billion[8]. - Net interest income increased by 10.89% year-on-year to RMB 3.26 billion, while net fee and commission income rose by 63.79% to RMB 0.94 billion[12]. - Operating income for the year was RMB 3.90 billion, reflecting a 3.33% increase compared to the previous year[12]. - The bank's pre-tax profit was RMB 1.01 billion, an increase of 8.58% year-on-year, and net profit reached RMB 807.53 million, up 9.98%[12]. - Earnings per share increased to RMB 0.26 from RMB 0.24, showing a growth of 8.33%[11]. - The bank's equity attributable to shareholders per share was RMB 3.13, up from RMB 2.95, indicating a growth of 6.09%[12]. - Total assets increased by 10.50% year-on-year to RMB 148.63 billion in 2022[13]. - Net customer loans rose by 10.75% year-on-year to RMB 80.00 billion[13]. - Total liabilities increased by 10.92% year-on-year to RMB 138.43 billion[13]. - Customer deposits grew by 15.49% year-on-year to RMB 109.45 billion[13]. - The bank paid RMB 8.87 billion in taxes, an increase of 8.38% year-on-year[17]. - The bank's expected credit loss and other asset impairment losses were RMB 1.32 billion, a slight decrease of 1.65% from the previous year[12]. Loan and Deposit Growth - Total loans stood at RMB 83.18 billion, with a year-on-year increase of 11.10%[19]. - The bank added 140,000 new customers, bringing the total to 1.29 million, with a 343% increase in acquiring customers year-on-year[19]. - Corporate loans totaled RMB 69.55 billion, increasing by RMB 8.67 billion, with a growth rate of 14.25%, accounting for 83.61% of total customer loans[54]. - Personal loans reached RMB 12.46 billion, an increase of RMB 2.29 billion, with a growth rate of 22.52%, accounting for 14.98% of total customer loans[56]. - Customer deposits totaled RMB 109,445.66 million, up RMB 14,677.70 million or 15.49% year-over-year, accounting for 79.06% of total liabilities[68]. Asset Quality and Risk Management - Non-performing loan ratio increased to 1.53%, up from 1.42% in 2021[13]. - The total amount of non-performing loans was RMB 12,674.96 million, with a non-performing loan ratio of 1.53%, an increase of 0.11 percentage points from the previous year[74]. - The allowance for credit losses on loans measured at amortized cost increased to RMB 3.18 billion, compared to RMB 2.64 billion in the previous year[51]. - The bank's overdue loans amount to RMB 1.575 billion, representing 1.90% of the total loan amount, a decrease of 0.36 percentage points from the previous year[87]. - The bank's non-performing asset management measures include early intervention and tailored risk resolution plans for overdue loans[90]. Capital Adequacy and Financial Stability - Capital adequacy ratio decreased to 13.01%, down from 13.36% in 2021[14]. - Core Tier 1 capital ratio improved slightly to 8.10% from 8.05% in 2021[14]. - The capital adequacy ratio at the end of the reporting period was 13.01%, a decrease of 0.35 percentage points from the previous year, exceeding regulatory requirements by 2.51 percentage points[93]. - The Tier 1 capital adequacy ratio was 9.72%, down 0.03 percentage points year-on-year, which is still above the regulatory requirement by 1.22 percentage points[93]. Operational Efficiency and Cost Management - The bank's operating expenses rose to RMB 1.575 billion in 2022, an increase of RMB 67 million or 4.47% from the previous year[46]. - Non-interest income decreased to RMB 644 million in 2022, down RMB 194 million or 23.18% compared to 2021[42]. - The bank's total interest expenses reached RMB 4.237 billion in 2022, growing by RMB 225 million or 5.61% from the previous year, mainly due to the increase in interest-bearing liabilities[41]. Innovation and Digital Banking - The bank plans to expand its market presence with a focus on digital banking innovations and enhancing mobile payment services[10]. - Eight new online credit products were launched, increasing the total to 17, enhancing technological support capabilities[19]. Shareholder and Governance Structure - The bank's total share capital remained unchanged at 2,717,752,062 shares throughout 2022[140]. - The top shareholder, Luzhou Laojiao Group Co., Ltd., held 390,528,000 shares, accounting for 14.37% of the total shares[143]. - The bank's board includes 10 members, with the chairman and executive director, You Jiang, having been with the bank since July 2014[154]. - The bank's independent non-executive directors include Huang Yongqing and Tang Baoqi, who joined in November 2017 and May 2018, respectively[154]. Employee and Workforce Insights - The total number of employees at Luzhou Bank is 1,408, with an average age of 34.07 years[190]. - Employees aged 20 to 30 years account for 35.09% of the workforce, while those aged 30 to 40 years make up 43.11%[190]. - The bank has 252 employees with a master's degree or higher, representing 17.90% of the total workforce[192]. - Male employees constitute 43.61% of the workforce, while female employees account for 56.39%[194].

Financial Performance - Total assets of Luzhou Bank reached RMB 148.63 billion, with total customer loans amounting to RMB 83.18 billion and total customer deposits of RMB 109.45 billion as of December 31, 2022[8]. - Basic earnings per share increased to 0.26 from 0.24, reflecting a growth of 8.33% year-on-year[11]. - Net profit for 2022 was RMB 807,529 thousand, representing a 9.98% increase from RMB 734,257 thousand in 2021[12]. - The bank's operating income for 2022 was RMB 3,901,997 thousand, a 3.33% increase from RMB 3,776,319 thousand in 2021[12]. - The total deposits amounted to RMB 109.45 billion, reflecting a year-on-year growth of 15.49%[19]. - The total loans reached RMB 83.18 billion, with a year-on-year increase of 11.10%[19]. - The bank contributed RMB 888 million in taxes for the year, marking an 8.38% increase year-on-year, maintaining its status as the top taxpayer in Luzhou's financial sector for five consecutive years[19]. - In 2022, the company's pre-tax profit reached RMB 1,014.48 million, an increase of RMB 80 million, representing a growth of 8.58% compared to 2021[25]. - The bank's total expected credit loss for loans was RMB 971.89 million, a decrease from RMB 1.03 billion in the previous year[49]. Asset and Loan Growth - Total assets grew to RMB 148,629,827 thousand, reflecting a year-on-year increase of 10.50% from RMB 134,510,128 thousand in 2021[13]. - Customer loans net amount increased by 10.75% to RMB 79,999,395 thousand from RMB 72,236,192 thousand in 2021[13]. - Corporate loans totaled RMB 69.55 billion, reflecting an increase of RMB 8.67 billion or 14.25%, accounting for 83.61% of total customer loans, up 2.31 percentage points year-on-year[54]. - Personal loans reached RMB 12.46 billion, an increase of RMB 2.29 billion or 22.52%, representing 14.98% of total customer loans, up 1.4 percentage points year-on-year[56]. - The total amount of loans was RMB 82.83 billion, increasing by 10.95% year-on-year[75]. Risk Management and Asset Quality - The capital adequacy ratio as of the end of 2022 was 13.01%, down from 13.36% in 2021[14]. - The non-performing loan ratio increased to 1.53% in 2022 from 1.42% in 2021[13]. - The expected credit loss and other asset impairment losses for 2022 amounted to RMB 1.316 billion, a decrease of RMB 22 million or 1.65% compared to the previous year[48]. - The bank's total non-performing loans reached RMB 1,267,496 thousand, with an overall non-performing loan ratio of 1.53%[82]. - The proportion of normal loans decreased to 96.65% in December 2022 from 97.95% in December 2021, while the proportion of non-performing loans (including substandard, doubtful, and loss loans) increased[76]. Digital Transformation and Innovation - Luzhou Bank received the "Best Multi-Innovation Award for Mobile Banking" at the 2022 Digital Finance Innovation Release Week[10]. - The bank has made significant progress in digital transformation, receiving an award for outstanding contribution to digital transformation in the financial sector[16]. - The bank launched 8 new online credit products, bringing the total to 17, enhancing its technological support capabilities[19]. Customer Base and Market Expansion - The bank's customer base expanded to 1.29 million, with a notable increase of 140,000 customers from the beginning of the year, and a 343% year-on-year growth in acquiring customers[19]. - The total number of corporate banking customers reached 37,345, an increase of 6,110 customers year-on-year, representing a growth rate of 19.56%[121]. - Retail banking customers totaled 1.286 million, an increase of 132,000 customers or 11.44% compared to the end of 2021[123]. Governance and Management Structure - The bank's board includes 10 members, with the chairman being You Jiang, who has been in position since August 28, 2014[154]. - The bank's governance structure includes both executive and non-executive directors, ensuring a balanced approach to management[154]. - The bank's leadership structure reflects a commitment to experienced governance, with directors having significant industry experience[162][163]. - The bank's management team includes experienced professionals with extensive backgrounds in finance and management, such as Mr. Chen Yong, who has been with the bank since 2002 and currently serves as the General Manager of the Comprehensive Management Department[179]. Employee and Workforce Insights - The total number of employees at Luzhou Bank is 1,408, with an average age of 34.07 years[190]. - Employees aged 20 to 30 years account for 35.09% of the workforce, while those aged 30 to 40 years make up 43.11%[190]. - The gender distribution shows 43.61% male employees and 56.39% female employees, indicating a balanced gender ratio[194]. - The bank has 144 technology professionals, representing 10.23% of the total workforce[195].

Financial Performance - As of June 30, 2022, Luzhou Bank's total assets amounted to RMB 144.54 billion, an increase of 7.45% compared to RMB 134.51 billion at the end of 2021[9]. - The net interest income for the first half of 2022 was RMB 1.79 billion, representing a year-on-year growth of 19.15% from RMB 1.50 billion in the same period of 2021[8]. - The bank's net profit for the first half of 2022 reached RMB 643.62 million, a 14.17% increase compared to RMB 563.76 million in the first half of 2021[8]. - The bank's operating income for the first half of 2022 was RMB 2.36 billion, up 41.21% from RMB 1.67 billion in the same period of 2021[8]. - The company's net profit for the first half of 2022 was RMB 643.623 million, an increase of RMB 80.859 million or 14.17% year-on-year[15]. - Total operating income for the first half of 2022 reached RMB 2.359 billion, up RMB 688 million or 41.21% compared to the same period last year[17]. - The bank's basic earnings per share increased to RMB 0.20, up from RMB 0.17 in the same period of the previous year[8]. - The bank's total comprehensive income attributable to shareholders was RMB 690,029, compared to RMB 609,073 in the previous year, representing an increase of approximately 13.3%[166]. Asset and Liability Management - Customer loans totaled RMB 807.59 billion, while customer deposits reached RMB 1,063.62 billion, reflecting a growth of 7.78% and 12.23% respectively compared to the previous year[7]. - The bank's total liabilities as of June 30, 2022, were RMB 134,240,459 thousand, an increase of RMB 94,320,000 thousand or 7.56% compared to the end of 2021[59]. - Customer deposits reached RMB 106,362,072 thousand, up by RMB 11,594,000 thousand or 12.23% from RMB 94,768,521 thousand at the end of 2021, accounting for 79.23% of total liabilities[61]. - The bank's total equity as of June 30, 2022, was RMB 10,297,086 thousand, an increase of RMB 5,950,000 thousand or 6.13% from RMB 9,702,157 thousand at the end of 2021[64]. - The bank's total customer loans amounted to RMB 80.52 billion, an increase of 7.86% compared to the end of the previous year[66]. Risk Management - The bank's non-performing loan ratio increased to 1.48% from 1.42% at the end of 2021, indicating a slight deterioration in asset quality[9]. - Expected credit losses for the six months ended June 30, 2022, were RMB 859.36 million, an increase of RMB 497 million or 137.22% year-on-year[44]. - The bank's non-performing loans in the real estate sector accounted for a significant portion of total company non-performing loans, indicating a focus on high-risk industries[70]. - The bank has implemented measures to strengthen risk control, including monitoring overdue loans and developing tailored risk mitigation plans for non-performing loans[82]. - The bank's overdue loans within three months accounted for 50.73% of total overdue loans, amounting to RMB 1,074,725 thousand[79]. Operational Efficiency - The cost-to-income ratio improved to 27.35% from 33.98% in the previous year, indicating better operational efficiency[10]. - The bank's liquidity ratio for RMB assets to RMB liabilities was 79.16% as of June 30, 2022, down from 87.79% at the end of 2021[88]. - The bank's cash and cash equivalents at the end of June 2022 were RMB 6.82 billion, up from RMB 4.17 billion at the end of June 2021, indicating a growth of 63.5%[184]. Strategic Initiatives - Luzhou Bank plans to expand its branch network, with six new branches under construction in Chengdu and other areas[7]. - The company aims to leverage its location and policy advantages to implement a "one body, two wings" development strategy in the Chengdu-Chongqing economic circle[14]. - The bank is actively pursuing new strategies for market expansion, including potential mergers and acquisitions to strengthen its competitive position[135]. - Luzhou Bank is investing in new technologies to improve operational efficiency and customer service, aiming to enhance user experience[135]. Shareholder Information - The bank's total issued share capital remained unchanged at 2,717,752,062 shares as of June 30, 2022[128]. - The top three shareholders of domestic shares hold a combined total of 1,041,408,000 shares, representing 38.33% of the total share capital[131]. - Luzhou Bank reported a total of 390,528,000 shares held directly by Luzhou Laojiao Group, representing approximately 15.97% of the total issued shares[133]. Employee Management - As of June 30, 2022, the total number of employees in the company was 1,371, with an average age of 34.38 years[148]. - The company has implemented a performance pay deferral and clawback mechanism to promote stable operations and sustainable development[154]. - The company continues to enhance its employee training programs to support long-term development and improve training effectiveness[153].