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].

Financial Performance - Luzhou Bank's total assets reached RMB 134.51 billion, with total customer loans amounting to RMB 74.87 billion and total customer deposits of RMB 94.77 billion[26]. - Net interest income for 2021 was RMB 2.94 billion, representing a year-on-year increase of 6.59%[30]. - Operating income increased by 19.70% year-on-year to RMB 3.78 billion[30]. - Net profit attributable to shareholders rose by 27.46% to RMB 734.26 million[30]. - Basic earnings per share for 2021 were RMB 0.24, up from RMB 0.21 in 2020[29]. - The bank's operating expenses increased by 28.14% to RMB 1.51 billion[30]. - The bank's expected credit losses and other asset impairment losses were RMB 1.34 billion, a 7.71% increase from the previous year[30]. - Total assets increased by 13.14% year-on-year to RMB 134.51 billion in 2021, up from RMB 118.89 billion in 2020[31]. - Net customer loans rose by 25.44% year-on-year to RMB 72.24 billion in 2021, compared to RMB 57.59 billion in 2020[31]. - Total liabilities increased by 13.53% year-on-year to RMB 124.81 billion in 2021, up from RMB 109.94 billion in 2020[31]. - Customer deposits grew by 11.20% year-on-year to RMB 94.77 billion in 2021, compared to RMB 85.22 billion in 2020[31]. - The non-performing loan ratio improved to 1.42% in 2021 from 1.83% in 2020, indicating better asset quality[31]. - The coverage ratio for provisions increased significantly by 75.06% to 262.49% in 2021, compared to 187.43% in 2020[31]. - The bank's pre-tax profit for 2021 was RMB 934.31 million, an increase of 26.21% compared to the previous year[42]. - The bank's net commission and fee income was RMB 574.2 million in 2021, a significant increase of RMB 523.35 million or 1,029.20% from the previous year[60]. - Non-interest income totaled RMB 838.115 million in 2021, an increase of RMB 440.0 million or 110.43% compared to 2020[59]. Asset Quality - The bank's non-performing loan ratio improved to 1.42%, down 0.41 percentage points year-on-year, which is lower than the national average[37]. - The bank's expected credit loss provision was RMB 628,926 thousand, an increase from RMB 474,942 thousand in 2020[81]. - The bank's non-performing loans totaled RMB 10,586,990 thousand, a decrease of RMB 290,000 thousand from the previous year[90]. - The overdue loans amounted to RMB 1.68968 billion, representing 2.26% of the total loans, an increase of 0.33 percentage points from the previous year[102]. - The expected credit loss for loans increased to RMB 2.637098 billion, a growth of RMB 599 million or 29.37% compared to the previous year[104]. - The bank has implemented strict monitoring and management of overdue loans to mitigate risks and improve asset quality[104]. Capital Management - The bank's capital adequacy ratio decreased to 13.36% in 2021 from 13.87% in 2020, reflecting tighter capital conditions[32]. - The Tier 1 capital adequacy ratio was 9.75%, down 0.26 percentage points year-on-year, which is still above the regulatory requirement by 1.25 percentage points[108]. - The core Tier 1 capital adequacy ratio stood at 8.05%, a decline of 0.06 percentage points from the previous year, exceeding the regulatory requirement by 0.55 percentage points[108]. - Total risk-weighted assets increased to RMB 99,502,890 thousand from RMB 89,382,809 thousand in the previous year, reflecting the bank's business development needs[108]. - The bank's capital management aims to meet regulatory requirements while enhancing capital risk resistance and return[107]. Digital Transformation and Innovation - The bank initiated a digital transformation strategy, enhancing its technological infrastructure and capabilities, including the integration of the digital RMB[34]. - The number of registered users for the mobile banking app increased by 58.4% following the launch of version 2.0[38]. - The bank launched 23 new products in 2021, including 13 new net value-based wealth management products, with total wealth management balance exceeding RMB 10 billion, a year-on-year growth of 234.54%[37]. - Luzhou Bank is focusing on improving its digital banking capabilities to attract a younger customer demographic and increase user engagement[192]. Social Responsibility - The bank contributed RMB 4 million for flood relief and RMB 5 million for earthquake disaster response, demonstrating its commitment to social responsibility[35]. Customer Base and Market Position - The bank's micro-loan balance was RMB 46.36 billion, with 8,428 micro customers, and the inclusive micro-loan balance was RMB 8.895 billion[136]. - Retail banking customers increased to 1.154 million, a rise of 206,600 or 21.81% compared to the end of 2020[137]. - The total number of corporate banking customers increased by 9,850 to a total of 31,235, representing a growth of 46.06% year-on-year[135]. - The bank's total corporate customer deposits reached RMB 41.445 billion, accounting for 43.73% of total deposits[133]. Governance and Management - The bank's board of directors is responsible for overseeing operational risk management and ensuring compliance with established policies[112]. - The bank's governance structure includes a mix of executive and non-executive directors, promoting balanced oversight and strategic direction[172]. - The management team has a strong background in finance, law, and banking, contributing to informed decision-making[185]. - The bank emphasizes the importance of risk management and internal controls, as reflected in the roles of its supervisors[187]. Future Outlook - Luzhou Bank's future outlook remains positive, with projected growth in net income of 8-10% for the next fiscal year[191]. - The bank plans to invest in technology upgrades to streamline operations and improve customer experience, with a budget allocation of around 10 million yuan for the upcoming year[192]. - The bank is exploring potential mergers and acquisitions to enhance its market position and diversify its service offerings[192].

Financial Performance - The net profit for the first half of 2021 was RMB 563.76 million, representing a year-on-year growth of 25.53% from RMB 449.12 million in the same period of 2020[9]. - The bank's pre-tax profit for the first half of 2021 was RMB 721.12 million, up RMB 143.12 million or 24.76% year-on-year[18]. - Total operating income for the first half of 2021 was RMB 1.67 billion, an increase of RMB 2.6 million or 1.59% from the previous year[20]. - The bank's net profit for the first half of 2021 reached RMB 563.76 million, an increase of RMB 115.65 million or 25.53% compared to the same period last year[18]. - The bank's operating expenses increased by RMB 130.54 million, reflecting a focus on growth despite economic pressures[19]. Asset and Loan Growth - As of June 30, 2021, Luzhou Bank's total assets amounted to RMB 128.39 billion, an increase of 7.99% compared to RMB 118.89 billion at the end of 2020[9]. - Customer loans reached RMB 695.51 billion, with a net increase of 17.46% compared to RMB 575.85 billion at the end of 2020[9]. - The average balance of interest-earning assets increased by RMB 16.25 billion or 16.61% year-on-year, reaching RMB 114.07 billion[27]. - The bank's total customer loan amount is RMB 69.326 billion, an increase from RMB 59.353 billion at the end of the previous year[116]. - Corporate loans amounted to RMB 560.39 billion, up RMB 91.89 billion or 19.61%, accounting for 80.57% of total customer loans[67]. Asset Quality and Risk Management - The non-performing loan ratio improved to 0.84%, down from 1.83% in the previous year, indicating enhanced asset quality[10]. - Expected credit losses decreased to RMB 362.26 million, down RMB 248 million or 40.64% from the previous year[57]. - The bank's expected credit loss for loans (including discounted bills) was RMB 336 million, a decrease of RMB 224 million or 39.98% year-on-year[59]. - The overdue loans at the end of the reporting period amount to RMB 581.231 million, representing 0.84% of the total loans, a decrease of 1.09 percentage points from the previous year[118]. - The bank has implemented measures to strengthen the monitoring of overdue loans and improve asset quality management[123]. Capital and Liquidity - The bank's capital adequacy ratio stood at 13.53%, slightly down from 13.87% at the end of 2020[10]. - The bank's liquidity ratio improved to 96.36%, compared to 83.02% in the previous year, indicating better liquidity management[10]. - The bank's liquidity ratio as of June 30, 2021, was 96.36%, exceeding regulatory requirements by 71.36 percentage points[146]. - The bank's high-quality liquid assets adequacy ratio was 171.30%, surpassing regulatory requirements by 71.30 percentage points[146]. - The bank has established a liquidity risk emergency plan, which is regularly tested and evaluated[144]. Customer Deposits and Funding - Luzhou Bank's customer deposits totaled RMB 899.39 billion, reflecting a growth of 5.53% from RMB 852.23 billion at the end of 2020[9]. - Customer deposit interest expenses rose to RMB 1.51 billion, up RMB 426 million or 39.24%, indicating increased costs associated with deposit growth[42]. - The bank's funding sources are primarily customer deposits, which have shown rapid growth during the reporting period[144]. - The bank is enhancing deposit marketing efforts, particularly targeting individual savings and stable deposits from quality small and medium-sized clients[147]. - Corporate customer deposits reached RMB 40.29 billion, making up 44.80% of total deposits[160]. Strategic Initiatives and Future Plans - The bank plans to establish five new branches, including in Suining and Chengdu, to expand its market presence[6]. - The bank plans to continue supporting the real economy and strengthen technological support and innovation in the second half of 2021[17]. - The bank has developed a 2021 credit direction guideline to optimize credit structure in response to national economic development strategies[132]. - The bank has focused on improving internal control levels and established mechanisms for inspection and rectification to address operational risk vulnerabilities[137]. - The bank has initiated a "Compliance Management Construction Year" to promote a culture of compliance and prevent operational risks[137]. Shareholder Structure - The total issued share capital of the bank remained unchanged at 2,264,793,385 shares as of the reporting period[192]. - Domestic shares held by legal entities account for 70.34% of total shares, while H shares represent 27.71%[195]. - The largest shareholder, Luzhou Laojiao Group Co., Ltd., holds 325,440,000 shares, accounting for 14.37% of total shares[196]. - The overall shareholder structure indicates a strong concentration of ownership among the top shareholders, enhancing governance stability[197]. - The top three domestic shareholders hold a combined total of 967,840,000 shares, representing 42.33% of domestic shares[196].

Financial Performance - As of June 30, 2020, Luzhou Bank's total assets amounted to RMB 109.46 billion, an increase of 19.40% compared to RMB 91.68 billion at the end of 2019[9]. - The total customer loans reached RMB 53.53 billion, reflecting an 18.98% increase from RMB 43.30 billion at the end of 2019[9]. - Customer deposits totaled RMB 76.90 billion, representing a significant growth of 25.17% from RMB 61.44 billion at the end of 2019[9]. - Net interest income for the first half of 2020 was RMB 1.47 billion, an increase of 8.82% from RMB 1.35 billion in the same period of 2019[8]. - Operating income for the first half of 2020 was RMB 1.64 billion, up 17.14% from RMB 1.40 billion in the first half of 2019[8]. - The net profit for the first half of 2020 was RMB 449.12 million, a decrease of 8.41% compared to RMB 490.35 million in the same period of 2019[8]. - The bank's total operating income for the first half of 2020 was RMB 1,644,000,000, representing a year-on-year increase of RMB 241,000,000, or 17.14%[17]. - The bank's pre-tax profit for the first half of 2020 was RMB 578,003,000, a decrease of RMB 39,000,000, or 6.38% compared to the previous year[15]. - The bank's net profit for the first half of 2020 was RMB 449,115,000, down RMB 41,000,000, or 8.41% year-on-year[15]. Credit Risk and Loan Performance - The non-performing loan ratio increased to 1.53% from 0.94% at the end of 2019, indicating a rise in credit risk[9]. - The bank's expected credit losses increased by RMB 281,010,000 compared to the previous year, impacting pre-tax profit significantly[16]. - The total non-performing loans reached RMB 8.17 billion, an increase of RMB 4 billion, with a non-performing loan ratio of 1.53%, up by 0.59 percentage points from the end of the previous year[69]. - The bank's expected credit losses for the first half of 2020 amounted to RMB 610.29 million, an increase of RMB 281 million, which is an 85.34% rise year-on-year[42]. - The bank's overdue loans totaled RMB 960 million, an increase of RMB 300 million from the previous year, with a ratio of overdue loans to total loans at 1.80%, up by 0.32 percentage points[81]. - The bank's normal loans accounted for 96.22% of total loans, an increase from 95.40% at the end of the previous year[70]. - The bank's company loan NPL ratio increased by 0.72 percentage points compared to the end of the previous year[73]. - The bank has implemented graded authorization for corporate credit approval to strengthen risk control in key areas[76]. Capital and Liquidity - The capital adequacy ratio improved to 13.23% from 12.09% at the end of 2019, reflecting a stronger capital position[9]. - The liquidity ratio for RMB assets to RMB liabilities improved to 91.40% as of June 30, 2020, compared to 83.72% at the end of 2019[90]. - The quality liquidity asset adequacy ratio was 174.71%, surpassing the regulatory requirement by 74.71 percentage points[99]. - The bank successfully issued perpetual capital bonds amounting to RMB 1.7 billion, contributing to the increase in capital adequacy ratio[89]. - The bank plans to issue up to RMB 15 billion in subordinated capital bonds to supplement its Tier 2 capital, with necessary approvals already obtained[65]. Customer and Market Expansion - The bank is in the process of establishing new branches in Meishan and Chengdu, indicating ongoing market expansion efforts[7]. - The bank plans to accelerate business development in response to the "Chengdu-Chongqing Economic Circle" initiative, aiming to become a leading listed bank in China[13]. - The total number of corporate banking customers reached 17,997 as of June 30, 2020, an increase of 2,286 customers or 14.55% compared to the end of the previous year[109]. - Retail banking customers totaled 836,800, with total deposits of RMB 36.225 billion and total loans of RMB 6.547 billion as of June 30, 2020[111]. Risk Management - The bank's risk management policies aim to balance risk and return while minimizing potential adverse impacts on financial conditions[182]. - Credit risk is primarily associated with loans, bonds, and interbank transactions, with management strategies including regular analysis of borrowers' repayment capabilities[183]. - The bank has established a risk warning mechanism for credit business, including single customer credit risk warning and systemic risk warning[186]. - The bank's credit risk control process includes steps such as credit policy formulation, pre-loan investigation, risk assessment, and post-loan management[186]. - The bank employs a macroeconomic forecasting model to create optimistic, baseline, and pessimistic scenarios for asset impairment models[196]. Shareholder Structure - The largest shareholder, Luzhou Laojiao Group Co., Ltd., holds 14.37% of the bank's shares, totaling 325,440,000 shares[133]. - The bank's total issued share capital remained unchanged at 2,264,793,385 shares as of the end of the reporting period[130]. - Luzhou Bank's total equity structure includes significant holdings from various state-owned and private enterprises, indicating a diverse shareholder base[137]. - The bank's H shares are primarily held by institutional investors, reflecting strong market interest in its equity[136]. Employee and Governance - The total number of employees at the bank is 1,068, with an average age of 34 years[149]. - The bank has implemented a performance-based compensation system linked to employee contributions[155]. - The bank's governance structure has been improved in compliance with relevant laws and regulations[157]. - There were no changes in the supervisory board during the reporting period[147].

Financial Performance - Net interest income increased by 53.36% to RMB 2.718 billion from RMB 1.772 billion in 2018[10]. - Net profit attributable to shareholders decreased by 3.71% to RMB 633.912 million compared to RMB 658.307 million in 2018[10]. - Operating income rose by 45.11% to RMB 2.807 billion, up from RMB 1.934 billion in the previous year[10]. - The bank's non-interest income, primarily from fees and commissions, surged by 172.22% to RMB 5.085 million from RMB 1.868 million in 2018[10]. - The bank's operating expenses rose by 50.86% to RMB 1.036 billion from RMB 686.928 million in 2018[10]. - The net profit for 2019 was RMB 633.912 million, a decrease of 3.71% compared to the previous year[20]. - Total operating income for 2019 was RMB 2.81 billion, a significant increase from RMB 1.93 billion in 2018, reflecting a growth of approximately 45%[114]. Asset and Liability Management - Total assets of Luzhou Bank reached RMB 91.681 billion, with total loans and advances amounting to RMB 44.759 billion and total deposits of RMB 61.437 billion[7]. - Total assets increased to RMB 91.68 billion in 2019, up 11.06% from RMB 82.55 billion in 2018[11]. - Total liabilities reached RMB 84.79 billion, an increase of 11.30% from RMB 76.18 billion in 2018[11]. - Total deposits absorbed by the bank amounted to RMB 61,436,960,000 as of December 31, 2019, reflecting a growth of RMB 9,051,356,000 or 17.28% year-over-year[65]. - The bank's liquidity ratio stood at 83.72% at the end of the reporting period, exceeding the regulatory requirement by 58.72 percentage points[109]. - The bank's high-quality liquid asset ratio was 156.34%, surpassing the regulatory requirement by 56.34 percentage points[109]. Credit Quality and Risk Management - The non-performing loan ratio increased to 0.94% in 2019 from 0.80% in 2018, reflecting a 0.14 percentage point rise[11]. - The bank's expected credit losses and impairment losses increased by 138.08% to RMB 944.739 million from RMB 396.810 million in 2018[10]. - The bank's total credit impairment losses amounted to RMB 944.74 million, significantly increasing from RMB 396.81 million in the previous year[47]. - The bank maintained a cautious approach to credit risk management, despite the increase in NPLs due to economic challenges faced by some enterprises[77]. - The bank has implemented strict credit risk management measures, including unified control and appropriate credit limits for group clients[87]. Customer Growth and Product Innovation - The company expanded its customer base by adding 99,700 individual customers and 6,643 corporate customers during the year[17]. - The company launched five new deposit and loan products, with the "Rong e Loan" product recognized as one of the top ten consumer finance innovations in the country[17]. - The company emphasized innovation in retail business products and channels, contributing to the growth of retail loan balances[77]. - The company launched several innovative financial products, including "Daily Loan" and "Smart Loan," to cater to diverse customer financing needs[119]. Capital Adequacy and Shareholder Structure - The core tier 1 capital adequacy ratio fell to 9.31% in 2019, down from 10.69% in 2018, a decrease of 1.38 percentage points[13]. - The total equity attributable to shareholders reached RMB 6,889,509,000 as of December 31, 2019, an increase of RMB 522,723,000 or 8.21% compared to 2018[69]. - The top 10 domestic shareholders hold a combined total of 1,637,193,385 shares, accounting for approximately 72.34% of the total share capital[146]. - The company’s equity structure shows a diverse ownership with significant stakes held by both institutional and individual investors[147]. Management and Governance - The bank's management team includes experienced professionals with extensive backgrounds in finance and banking, such as Ms. Xia Yilun, who has been with the bank since December 2008 and has held multiple positions[183]. - The bank has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and senior management[194]. - The board of directors is responsible for approving the bank's operational plans and investment strategies[195]. - The bank's governance policies are regularly reviewed to ensure compliance with legal and regulatory requirements[198]. Technology and Innovation - The bank has established a "Future Bank" laboratory in collaboration with Huawei to drive IT transformation and enhance core competitiveness[110]. - The company invested RMB 109.84 million in information technology in 2019, enhancing its system security and operational risk management capabilities[116]. - The bank is collaborating with research institutions to explore blockchain applications and enhance its fintech capabilities[116]. Employee Development - The total number of employees at Luzhou Bank is 1,024, with an average age of 33.24 years[189]. - During the reporting period, Luzhou Bank organized over 150 training sessions, with approximately 7,400 participants[192]. - Employees with a master's degree or higher constitute 14.75% of the total workforce, with 2 holding doctoral degrees[190].

Financial Performance - The net profit for the first half of 2019 was RMB 490.35 million, a 30.13% increase compared to RMB 376.82 million in the same period of 2018[8]. - The net interest income for the first half of 2019 was RMB 1.35 billion, representing a year-on-year increase of 79.62% from RMB 754.16 million in 2018[8]. - The company's operating income reached RMB 1.404 billion, representing an increase of RMB 564 million or 67.24% year-on-year[17]. - The total operating income for corporate banking was RMB 777,873 thousand, accounting for 55.42% of total operating income[107]. - The total pre-tax profit for corporate banking was RMB 295,648 thousand, representing 47.89% of total pre-tax profits[106]. - The net cash generated from operating activities showed a significant outflow of RMB 4,052,239 for the first half of 2019, contrasting with an inflow of RMB 117,377 in the same period of 2018[178]. - The bank reported a pre-tax profit of RMB 617,416 for the six months ended June 30, 2019, compared to RMB 493,392 for the same period in 2018, reflecting an increase of about 25.2%[178]. - The total revenue for the six months ended June 30, 2019, was RMB 30,647,000, compared to RMB 88,401,000 for the same period in 2018, representing a significant decline[197]. Asset and Liability Management - As of June 30, 2019, Luzhou Bank's total assets amounted to RMB 90.73 billion, an increase of 9.91% compared to RMB 82.55 billion at the end of 2018[9]. - The bank's total liabilities reached RMB 83,992,742, up 10.4% from RMB 76,183,029 at the end of 2018[174]. - Total deposits increased to RMB 60.82 billion, reflecting a growth of 16.11% from RMB 52.39 billion at the end of 2018[9]. - The bank's total equity as of June 30, 2019, was RMB 6.74 billion, an increase of RMB 370 million or 5.81% from the end of 2018[69]. - The bank's capital adequacy ratio was reported at 12.02%, a decrease from 13.29% at the end of 2018[9]. - The bank's total risk-weighted assets increased to RMB 70,534,988 thousand from RMB 59,214,150 thousand, indicating a growth in business development needs[90]. Loan and Deposit Growth - The bank's total loans and advances reached RMB 40.09 billion, up 28.04% from RMB 30.49 billion at the end of 2018[9]. - The net amount of customer loans reached RMB 390.36 billion, reflecting an increase of RMB 8.55 billion or 28.04% from the end of 2018[49]. - Corporate loans amounted to RMB 336.69 billion, up RMB 8.88 billion or 35.85%, accounting for 83.99% of total loans issued, an increase of 4.75 percentage points[51]. - Personal loans reached RMB 5.82 billion, an increase of RMB 0.89 billion or 1.55%, but the proportion of total loans issued decreased by 3.81 percentage points to 14.53%[53]. - The bank's customer deposits included RMB 25.77 billion in demand deposits, which accounted for 42.38% of total deposits, an increase of 4.15 percentage points year-over-year[66]. Risk Management - The non-performing loan ratio improved to 0.68%, down from 0.80% at the end of 2018[9]. - The bank's expected credit loss provision increased to RMB 1,053,105 thousand, a growth of RMB 260,272 thousand or 32.83% compared to the end of the previous year[85]. - The bank has implemented strict classification standards for overdue loans, considering any loan with principal or interest overdue by more than one day as overdue[83]. - The bank has strengthened measures for managing non-performing assets, including enhancing non-litigation collection efforts and improving coordination with judicial departments[86]. - The bank's proactive adjustment of credit structure has enhanced the risk resistance capability of new credit assets[75]. Capital Management - The bank's total capital before deductions increased to RMB 8,519,444 thousand from RMB 7,904,483 thousand, reflecting growth in capital resources[90]. - The core tier 1 capital adequacy ratio was 9.50%, down 1.19 percentage points from the end of the previous year, and it is above the regulatory requirement by 1 percentage point[90]. - The bank's second-tier capital increased to RMB 1,782,454 thousand from RMB 1,537,697 thousand, indicating a strengthening of capital buffers[90]. Operational Efficiency - The total operating expenses for the first half of 2019 amounted to RMB 459 million, an increase of RMB 243 million or 112.80% year-on-year, with personnel costs rising by 160.28%[43]. - The bank has strengthened internal controls focusing on strategic business, conducting special inspections and risk assessments from multiple angles, enhancing the role of the "three lines of defense" in operational risk management[96]. - The bank has upgraded its information technology systems to reduce manual operations and improve automation, thereby enhancing control capabilities against regulatory violations[97]. Shareholder Structure - The top ten shareholders of the company hold a total of 1,000,000,000 shares, with the largest shareholder, Luzhou Laojiao Group Co., Ltd., owning 325,440,000 shares, representing 14.37% of the total shares[138]. - The total percentage of shares held by the top five shareholders is 55.83%[138]. - The company has established a governance structure in compliance with relevant laws and regulations, enhancing corporate governance standards[163]. Employee Development - The total number of employees at the end of the reporting period was 887, with an average age of 34.29 years[156]. - The company organized approximately 70 training sessions, with over 2,000 participants, focusing on leadership and professional development[161].

Financial Performance - Total assets reached RMB 82.55 billion, an increase of 16.47% compared to RMB 70.88 billion in 2017[11] - Net interest income for 2018 was RMB 1.77 billion, reflecting a year-on-year growth of 12.58% from RMB 1.57 billion in 2017[9] - Net profit attributable to shareholders was RMB 658.31 million, a 6.40% increase from RMB 618.70 million in 2017[9] - Operating income for 2018 was RMB 1.93 billion, up 15.13% from RMB 1.68 billion in 2017[9] - The bank's equity attributable to shareholders increased by 46.85% to RMB 6.37 billion from RMB 4.34 billion in 2017[11] - Basic earnings per share improved to RMB 0.40, up from RMB 0.38 in 2017[9] - In 2018, the bank's pre-tax profit was RMB 853.99 million, an increase of RMB 40 million, representing a growth of 4.85% compared to the previous year[20] - The net profit for 2018 reached RMB 658.31 million, up by RMB 39.6 million, which is a growth of 6.40% year-on-year[20] - The bank's operating income for 2018 was RMB 1.934 billion, an increase of RMB 254 million, reflecting a growth rate of 15.13%[23] Loan and Deposit Growth - The total amount of loans and advances increased by 61.87% to RMB 30.49 billion from RMB 18.83 billion in 2017[11] - Customer deposits rose to RMB 52.39 billion, marking a 24.30% increase from RMB 42.15 billion in 2017[11] - The total loans and advances reached RMB 31.28 billion, showing a significant year-on-year growth of 61.22%[16] - The bank's net customer loans reached CNY 30.49 billion, accounting for 36.93% of total assets, up from 26.57% in 2017[55] - As of the end of 2018, the total corporate loans amounted to RMB 24.784 billion, an increase of RMB 12.833 billion or 107.38% compared to the previous year, accounting for 79.24% of total loans and advances, up 17.64 percentage points year-on-year[59] - Personal loans reached RMB 5.736 billion at the end of 2018, an increase of RMB 767 million or 15.44% year-on-year, accounting for 18.34% of total loans, down 7.27 percentage points from the previous year[61] Asset Quality and Risk Management - The non-performing loan ratio improved to 0.80%, a decrease of 0.19 percentage points from the beginning of the year, the lowest among city commercial banks in the province[16] - The bank's expected credit loss and asset impairment loss for 2018 was RMB 396.81 million, an increase from RMB 324.85 million in 2017[20] - The total amount of non-performing loans was RMB 248.26 million, which included substandard and suspicious loans, with no loans classified as losses[86] - The non-performing loan coverage ratio was 319.36%, an increase of 24.87 percentage points from the previous year-end[104] - The bank's provisions for loans classified as "loss" have been fully recognized, while provisions for "substandard" and "doubtful" loans are typically not fully recognized[103] - The bank has implemented stricter assessment measures for credit risk, resulting in a significant increase in the provision for loan impairment to RMB 567.523 million by the end of 2017[101] Capital and Equity - The bank successfully raised nearly HKD 2 billion in capital through its listing, becoming the first listed bank in a prefecture-level city in Western China[15] - Shareholders' equity reached RMB 6,366.79 million, up by RMB 2,031 million or 46.85% year-on-year, bolstered by the issuance of H-shares that raised RMB 1,735 million[82] - The capital adequacy ratio at the end of the reporting period was 13.29%, a decrease of 0.4 percentage points from the previous year-end, and it exceeded regulatory requirements by 2.79 percentage points[111] - The core tier 1 capital adequacy ratio was 10.69%, an increase of 0.29 percentage points from the previous year-end, exceeding regulatory requirements by 3.19 percentage points[111] Operational Efficiency - The bank's cost-to-income ratio increased to 34.54%, up by 2.65 percentage points compared to the previous year[16] - The bank's total operating expenses for 2018 were RMB 686.93 million, an increase from RMB 543.17 million in 2017[20] - The bank's personnel costs increased by CNY 92 million or 29.75% in 2018, primarily due to higher performance-related compensation[51] Strategic Initiatives - The bank plans to expand its branch network and enhance digital banking services in the coming years[8] - The bank established several new departments, including an International Business Department and a Supply Chain Finance Department, to enhance its service offerings[15] - The bank launched new products such as the Constellation Card and vault services, and formed strategic partnerships with various financial companies[16] Shareholder Structure - The company reported a total of 325,440,000 shares held by Luzhou Laojiao Group, representing approximately 14.91% of the company's equity[168] - Sichuan Jiale Enterprise Group holds 271,200,000 shares, accounting for 12.42% of the company's equity[168] - The company has a significant shareholder, Jiang Xiaoying, with 278,432,000 shares, which is 12.75% of the equity[168] - The company has a diverse shareholder base with multiple entities holding significant stakes across different categories of shares[168][169] Governance and Management - The board of directors includes 11 members, with a mix of executive and non-executive roles, ensuring diverse governance[179] - The company maintains a robust risk management framework with dedicated personnel in key positions[180] - The management team has a diverse background in finance and economics, contributing to informed decision-making and strategic growth[184][185][186][188]