Financial Performance - Operating income for Q1 2024 was RMB 18,414 million, representing a year-on-year growth of 16.60% from RMB 15,792 million in Q1 2023[5] - Net profit attributable to shareholders for Q1 2024 was RMB 5,913 million, up 5.12% from RMB 5,625 million in the same period last year[5] - The total comprehensive income for Q1 2024 was RMB 6,295 million, an increase of 22.9% compared to RMB 5,123 million in Q1 2023[22] - The net profit attributable to shareholders for Q1 2024 was RMB 6,181 million, up from RMB 5,010 million in Q1 2023, reflecting a growth of 23.3%[22] - Basic and diluted earnings per share for Q1 2024 were both RMB 0.22, a decrease from RMB 0.25 in Q1 2023[22] Asset and Liability Management - Total assets as of March 31, 2024, reached RMB 3,161,691 million, an increase of 0.57% compared to the end of 2023[4] - Total liabilities amounted to RMB 2,965,819 million as of March 31, 2024, compared to RMB 2,954,302 million at the end of 2023[24] - The bank's total equity attributable to shareholders rose to RMB 192,425 million as of March 31, 2024, compared to RMB 186,245 million at the end of 2023[24] Cash Flow Analysis - The net cash flow used in operating activities for Q1 2024 was RMB (90,099) million, a significant increase of 136.97% compared to RMB (38,022) million in Q1 2023[5] - Cash flow from operating activities showed a positive trend with net cash flow reflecting improved operational efficiency[29] - Cash flow from financing activities decreased to $39,210 in 2024 from $50,099 in 2023, a decline of about 21.8%[29] Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio as of March 31, 2024, was 8.60%, an increase from 8.22% at the end of 2023[6] - The capital adequacy ratio improved to 12.54%, an increase of 0.35 percentage points from the end of the previous year[15] Loan and Interest Management - The total loans and advances as of March 31, 2024, amounted to RMB 1,769,460 million, reflecting a growth of 3.10% from RMB 1,716,240 million at the end of 2023[4] - The net interest margin was 1.84%, a decrease of 0.26 percentage points year-on-year[15] - Interest income received increased to $22,488 in 2024 from $21,120 in 2023, reflecting a growth of about 6.5%[29] Non-Interest Income - The non-interest income as a percentage of operating income increased to 35.82%, up by 10.20 percentage points from 25.62% in Q1 2023[5] - Non-interest income reached RMB 6.60 billion, a significant increase of RMB 2.55 billion, or 63.03% year-on-year, accounting for 35.82% of total operating income[15] Investment and Cash Management - The bank's cash and deposits with the central bank decreased to RMB 145,735 million from RMB 164,723 million[23] - The bank's financial investments measured at fair value through other comprehensive income were RMB 287,028 million, down from RMB 304,185 million at the end of 2023[23] - Cash received from the recovery of investments rose to $750,257 in 2024 compared to $653,018 in 2023, marking an increase of approximately 14.9%[29] Non-Performing Loans - The non-performing loan balance was RMB 25.32 billion, an increase of RMB 0.73 billion, or 2.96% compared to the end of the previous year[15] - The provision for expected credit losses increased to RMB 5,379 million in Q1 2024 from RMB 3,894 million in Q1 2023[27]

Financial Performance - The total assets of the company exceeded RMB 3 trillion, marking a significant milestone[5] - Revenue growth has been the highest among joint-stock banks for 10 consecutive quarters[5] - Net profit returned to double-digit growth, indicating strong financial performance[5] - The bank achieved a revenue growth rate that has been the highest among national joint-stock banks for 10 consecutive quarters[10] - Zhejiang Zheshang Bank reported operating income of CNY 63.764 billion, an increase of 4.27% year-on-year[19] - Net profit attributable to shareholders reached CNY 15.048 billion, growing by 10.50% compared to the previous year[19] - Total assets amounted to CNY 3.14 trillion, reflecting a year-on-year growth of 19.91%[19] - The average return on equity for 2023 was 9.42%, an increase from 9.02% in 2022[38] - The bank's total liabilities reached RMB 2,954,302 million, up from RMB 2,456,000 million in 2022[38] - The total equity attributable to shareholders was RMB 186.245 billion, an increase of 14.31% from the previous year[81] Asset Quality - The non-performing loan ratio and provision coverage ratio have shown a trend of "one decrease and one increase" for two consecutive years[5] - The non-performing loan ratio decreased to 1.44%, with a provision coverage ratio of 182.60%, indicating improved asset quality[10] - The non-performing loan ratio stood at 1.44%, with a provision coverage ratio of 182.60%[19] - The non-performing loan ratio improved slightly to 1.44% in 2023 from 1.47% in 2022[38] - The non-performing loan ratio for 2023 was reported at 1.44%, while the provision coverage ratio stood at 182.60%[37] Strategic Focus - 56% of the annual credit increment was directed towards small and diversified assets, highlighting a strategic focus on risk management[6] - The bank's new financial strategies focus on digitalization and scenario-based financial services, aiming for comprehensive development[11] - The bank plans to deepen investments in small, dispersed assets and weak-cycle industries to ensure stable long-term growth[10] - The company aims to leverage its comprehensive operational advantages to promote internationalization and high-quality development in 2024, marking its 20th anniversary[13] - The company aims to establish a customer base that provides stable and sustainable income, focusing on small, medium, and micro clients[27] Revenue Composition - Non-interest income contributed over 80% of the revenue growth, showcasing the effectiveness of the company's diversified income strategy[6] - The revenue from economically weak sensitive assets accounted for over 33%, an increase of nearly 9 percentage points[10] - The revenue from economically cycle-insensitive assets reached CNY 20.285 billion, accounting for 33.02% of the total revenue[26] - The total amount of loans and advances was CNY 17.2 trillion, up 12.54% from the end of the previous year[19] - The non-interest income reached RMB 16.236 billion, an increase of RMB 2.146 billion or 15.23% year-on-year[46] Digital Transformation - The bank aims to implement a digital transformation strategy and develop five major business segments: retail, corporate, investment banking, asset management, and cross-border services[22][24] - The company focused on enhancing customer engagement through digital channels, contributing to the growth in deposit and loan balances[57] - The company has strengthened its digital infrastructure and technology innovation, advancing digital transformation initiatives[126] - The company established a digital operation demonstration point in collaboration with Huawei to promote technological application innovation[151] - The company's digital transformation efforts have led to improved operational efficiency and enhanced security measures[148] Risk Management - The company maintains a prudent and stable risk preference, focusing on small and diversified credit principles to support the real economy[100] - The company emphasizes a comprehensive risk management framework, with the board responsible for overall risk management and the senior management executing it through various committees[101] - Credit risk management aims to control credit risk within acceptable limits, maximizing comprehensive benefits measured in local currency[102] - The company continuously adjusts credit policies based on external and internal economic conditions, focusing on "weak sensitivity assets" to enhance competitiveness in key regions[103] - The company has established a comprehensive market risk management system, utilizing methods such as duration analysis and Value at Risk (VaR) measurement to control market risk[110] Corporate Governance - The company is committed to improving its governance quality by integrating party leadership into its governance processes[170] - The board consists of 14 members, including 4 executive directors, 5 non-executive directors, and 5 independent non-executive directors, ensuring compliance with Hong Kong Listing Rules[173] - The board's diversity policy emphasizes gender, age, cultural background, professional experience, and educational qualifications, with 2 female directors and 12 holding postgraduate degrees[174] - The board is responsible for risk management and internal control systems, with annual reviews to ensure effectiveness[175] - The company has established mechanisms to ensure independent opinions are heard, including annual assessments of independent directors' independence[176] Customer Engagement - The total number of retail customers reached 26.78 million, an increase of 34.26% compared to the beginning of the year[128] - The balance of personal deposits amounted to 269.52 billion yuan, reflecting a growth of 26.24% year-to-date, with an average interest rate of 2.47%, down 7 basis points from the beginning of the year[128] - The company has focused on enhancing customer value through a tiered retail customer management system, achieving recognition in the retail banking sector[128] - The company has actively expanded its personal customer base, optimizing the structure of personal deposits to lower funding costs[128] - The number of personal online banking certificate customers increased to 1.7141 million, a growth of 4.22% compared to the beginning of the year[155] Awards and Recognition - The company received multiple awards, including ranking 87th in the "2023 Global Bank 1000" and maintaining a dual "investment grade" rating from S&P and Moody's[34] - The company received 72 honors, including awards for digital reform applications and financial technology innovation[153] - The company’s new mixed wealth management product series won multiple awards, including the "Gold Award for Outstanding Mixed Bank Wealth Management Products"[145] - The company received multiple awards, including "Core Dealer in the Domestic Currency Market" and "Best RMB Foreign Exchange Attempt Market Maker" during the reporting period[140] - The company was recognized as an excellent practice case by the China Listed Companies Association for its board governance[170]

Investment Rating - The investment rating for the company is "Buy" with a target price of 3.45, down from the previous forecast of 4.16 [1][2]. Core Views - The report highlights that the company's asset expansion speed has improved, leading to strong profit growth. The total asset growth rate reached 19.9%, which is significantly higher than other listed banks. The profit release is positive, and the asset quality forward indicators are stable, maintaining a "Buy" rating [1][2]. Summary by Sections Financial Performance - The company's revenue and net profit growth rates for 2023 met expectations, with a net profit growth rate of 10.5%, which is higher than the average level of other listed banks by 14 percentage points [1][2]. - The annual loan balance increased by 12.4% year-on-year, maintaining a high expansion speed. The net interest margin for 2023 was 2.01%, a year-on-year decrease of 20 basis points, but still among the top in the industry [1][2]. Asset Quality - The core indicators of asset quality are stable, with a decrease in the non-performing loan ratio by 20 basis points compared to the end of Q3. The overdue rate and attention rate have also improved [1][2]. Earnings Forecast - The forecast for net profit growth for 2024-2026 is projected at 3.61%/6.57%/7.66%, with EPS estimates of 0.57 for 2024, down from the previous estimate of 0.60 [1][2]. Market Position - The company has a total market capitalization of 82,394 million, with a circulating share ratio of 100% [1][2]. The average daily trading volume is 144.28 million shares, indicating strong market activity [1][2].

Financial Performance - The total assets of China Zheshang Bank reached RMB 3 trillion in 2023, marking a significant milestone[8]. - Revenue growth has been the highest among joint-stock banks for 10 consecutive quarters[8]. - Net profit returned to double-digit growth, indicating strong financial performance[8]. - In 2023, China Zheshang Bank reported operating income of CNY 63.764 billion, an increase of 4.27% year-on-year[23]. - The net profit attributable to shareholders reached CNY 15.048 billion, reflecting a growth of 10.50% compared to the previous year[23]. - The total amount of loans and advances was CNY 17.2 trillion, representing a year-on-year increase of 12.54%[23]. - The average return on equity for 2023 was 9.42%, an increase from 9.02% in 2022[45]. - The company achieved a revenue growth rate that has maintained the highest among national joint-stock banks for 10 consecutive quarters[12]. - The company reported a significant increase in its wealth management scale, with assets under management (AUM) growing substantially[29]. Asset Quality - The non-performing loan ratio and provision coverage ratio have shown a continuous trend of "one decrease and one increase" for two consecutive years[8]. - The non-performing loan ratio decreased to 1.44%, with a provision coverage ratio of 182.60%, indicating improved asset quality[12]. - The non-performing loan ratio stood at 1.44%, with a provision coverage ratio of 182.60%[23]. - The non-performing loan ratio improved to 1.44% in 2023 from 1.47% in 2022[45]. - The company emphasizes a prudent risk culture and focused on optimizing asset allocation to support the real economy[96]. Strategic Initiatives - The bank has implemented 15 measures to benefit enterprises and the public, enhancing its service offerings[8]. - The bank has been recognized as a "first-class bank" in the financial service evaluation for small and micro enterprises for three consecutive years[8]. - The launch of the "善融资产池" (Good Financing Asset Pool) aims to support the development of innovative and small enterprises[8]. - The bank initiated the "善本信托工程" (Good Trust Project) to promote social responsibility and support entrepreneurs in charitable activities[8]. - The company aims to create a "three good bank" model, emphasizing good customers, good assets, and good employees, to foster comprehensive collaborative development[13]. Digital Transformation - The company is focused on digital transformation and plans to deepen its engagement in scenario finance and technology finance[13]. - The company launched the "Micro Sea" digital brand as part of its digital transformation, integrating cutting-edge technologies with banking services[28]. - The company has established a comprehensive online and offline integrated operation system, enhancing customer experience and satisfaction[164]. - The company is actively promoting digital transformation, enhancing operational efficiency and security through technology integration[162]. Governance and Risk Management - The company has established a comprehensive compliance risk management framework to enhance compliance culture and internal governance[132]. - The governance structure includes a clear separation of responsibilities among the board of directors, supervisory board, and senior management to ensure effective oversight[185]. - The company has implemented a digital transformation in anti-money laundering efforts, enhancing data governance and system construction[137]. - The company has established a comprehensive liquidity risk management system to ensure timely liquidity needs are met at reasonable costs[121]. Market Presence and Expansion - The bank has established 342 branches across 22 provinces and regions, including Hong Kong, effectively covering key economic areas[23]. - The company signed contracts with over 100 strategic clients, including major state-owned enterprises, enhancing its market presence[13]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the coming year[48]. - The company aims to enhance financial support for key sectors such as small and micro enterprises and technology innovation[179]. Awards and Recognition - The bank received an MSCI ESG rating of A in October 2023, indicating its commitment to environmental, social, and governance practices[40]. - The bank's mobile banking platform won the Best Digital Operation Award in December 2023, showcasing its innovation in digital finance[41]. - The bank was recognized as the Best Supply Chain Finance Bank and Best Cross-Border Financial Services Bank in December 2023, reflecting its excellence in service delivery[41]. - The company received 72 honors, including awards for digital reform applications and financial technology innovation[167].

Financial Performance - Operating income for the first nine months of 2023 was RMB 49,719 million, representing a growth of 4.05% year-on-year [5]. - Net profit attributable to shareholders for the first nine months of 2023 was RMB 12,753 million, up 10.54% from the same period in 2022 [5]. - The net interest income for the first nine months of 2023 was RMB 35.949 billion, a slight increase of RMB 0.512 billion or 1.44% compared to the same period in 2022 [21]. - The non-interest net income reached RMB 13.770 billion, an increase of RMB 1.423 billion or 11.53% year-on-year, accounting for 27.70% of total operating income [16]. - Total comprehensive income for Q3 2023 reached RMB 12,931 million, an increase of 12.1% compared to RMB 11,535 million in Q3 2022 [23]. - Basic and diluted earnings per share for Q3 2023 were RMB 0.53, up from RMB 0.48 in Q3 2022, reflecting a growth of 10.4% [23]. Assets and Liabilities - Total assets as of September 30, 2023, reached RMB 2,956,881 million, an increase of 12.77% compared to the end of 2022 [4]. - The bank's total liabilities as of September 30, 2023, amounted to RMB 2,770,121 million, reflecting a 12.79% increase from the end of 2022 [4]. - The total amount of loans and advances issued was RMB 1,697.621 billion, up RMB 172.591 billion or 11.32% year-on-year [16]. - The bank's loans and advances increased to RMB 1,655,002 million as of September 30, 2023, compared to RMB 1,486,291 million at the end of 2022, reflecting a growth of 11.4% [24]. - The bank's financial investments measured at fair value and recognized in other comprehensive income increased to RMB 240,941 million as of September 30, 2023, from RMB 194,037 million at the end of 2022, a growth of 24.2% [24]. - The total liabilities increased to RMB 2,770,121 million as of September 30, 2023, compared to RMB 2,456,000 million at the end of 2022, marking a growth of 12.8% [25]. Capital and Ratios - The core tier 1 capital adequacy ratio stood at 8.25% as of September 30, 2023, compared to 8.05% at the end of 2022 [7]. - The capital adequacy ratio improved to 11.83%, up 0.23 percentage points from the end of the previous year [16]. - The bank's capital reserve rose to RMB 38,570 million as of September 30, 2023, up from RMB 32,289 million at the end of 2022, indicating a growth of 19.5% [25]. Cash Flow - The net cash flow from operating activities for the first nine months of 2023 was (RMB 15,063 million), a significant decrease of 112.24% compared to the previous year [5]. - The net cash used in operating activities for the nine months ended September 30, 2023, was RMB (15,063) million, a significant decrease from RMB 123,088 million in the same period of 2022 [29]. - Cash flow from investing activities net amount was (47,497) in 2023, an improvement from (72,127) in 2022 [30]. - Cash flow from financing activities net amount improved to 37,091 in 2023 from (64,203) in 2022 [30]. Shareholder Information - The number of shareholders as of the reporting date was 264,571 [12]. - The net increase in deposits for the nine months ended September 30, 2023, was RMB 107,586 million, compared to RMB 301,143 million in the same period of 2022 [29]. - The bank's non-controlling interests increased to RMB 3,245 million as of September 30, 2023, compared to RMB 2,997 million at the end of 2022, reflecting an increase of 8.3% [25].

Financial Performance - The bank achieved a revenue of RMB 9.516 billion from weakly sensitive assets in the first half of 2023, accounting for 29.58% of total revenue, an increase of 1.05 percentage points compared to 2022[4]. - In the first half of 2023, the bank reported operating income of CNY 33.248 billion, a year-on-year increase of 4.63%[14]. - Net profit attributable to shareholders reached CNY 7.743 billion, reflecting a year-on-year growth of 11.03%[14]. - The total operating revenue for the first half of 2023 reached RMB 33,248 million, an increase from RMB 31,778 million in the same period of 2022, reflecting a growth rate of 4.66%[49]. - The pre-tax profit for the first half of 2023 reached RMB 9,378 million, reflecting a growth of 10.47% from RMB 8,489 million in the first half of 2022[21]. - The net interest margin decreased to 1.95%, down 0.13 percentage points from 2.08% in the same period of 2022[23]. - The cost-to-income ratio rose to 27.96%, an increase of 3.87 percentage points year-on-year[32]. - Non-interest income increased to 9.279 billion yuan, representing an 8.64% year-on-year growth[32]. Asset and Loan Growth - As of June 30, 2023, the bank's deposit balance reached RMB 494.1 billion, up 6.76% from the end of 2022, while the loan balance increased by 8.77% to RMB 543.5 billion[6]. - Total assets amounted to CNY 2.91 trillion, up 11.07% from the end of the previous year[14]. - The total amount of loans and advances was CNY 1.65 trillion, increasing by 8.40% compared to the end of last year[14]. - The total amount of loans and advances issued reached RMB 1,653,087 million, an increase of 8.40% compared to RMB 1,525,030 million at the end of 2022[22]. - The bank's green loans reached RMB 80.8 billion, marking a significant increase of 15.43% compared to the previous year[6]. - The balance of green loans reached CNY 176.79 billion, an increase of CNY 30.87 billion, representing a growth rate of 21.15% compared to the beginning of the year[197]. Risk Management and Asset Quality - The non-performing loan ratio stood at 1.45%, with a provision coverage ratio of 182.42%, indicating improved asset quality[14]. - The quality of loans remained stable, with normal loans amounting to RMB 1,587,067 million, representing 96.00% of total loans, an increase of RMB 128,657 million from the previous year[63]. - The company has established a comprehensive credit evaluation system for personal loans, focusing on risk management and monitoring of overdue collections and non-performing loans[84]. - The company aims to control market risk within a manageable range, utilizing methods such as duration analysis and value-at-risk (VaR) measurement to manage market risks effectively[86]. Strategic Initiatives and Collaborations - The bank signed strategic cooperation agreements with 11 municipal governments in Zhejiang province, enhancing its collaboration with local authorities[7]. - The bank's strategic focus includes deepening its presence in Zhejiang and expanding into national markets through five major business segments[19]. - The company actively supports the development of the real economy, prioritizing investments in foundational industries and strategic emerging sectors[66]. - The company aims to enhance its financial technology applications and improve its risk control systems[80]. Digital Transformation and Technology - The bank is focusing on digital transformation and has launched the "Micro Sea" digital brand, aiming to integrate advanced technologies into banking services[20]. - The company continues to implement the "Technology-Driven Operations" strategy, enhancing digital infrastructure and innovation[101]. - The company has established a comprehensive information technology risk management system in accordance with ISO standards[11]. - The company is enhancing its digital capabilities by focusing on data, technology, and business foundational capabilities to support high-quality development[128]. Customer Engagement and Services - The company reported a personal customer base of 9.1966 million, an increase of 5.30% compared to the beginning of the year[104]. - The balance of personal loans, including housing and consumer loans, reached CNY 262.460 billion, marking a 14.35% increase since the start of the year[106]. - The credit card business issued a total of 4.0537 million cards, an increase of 119,900 cards since the beginning of the year[109]. - The company has served 7,533 technology innovation enterprises, providing a financing balance of RMB 180.6 billion, and visited over 10,000 such enterprises[112]. Governance and Compliance - The company emphasizes board diversity, with 14 board members, including 2 women and 12 members holding postgraduate degrees, enhancing decision-making capabilities[146]. - The company has complied with the corporate governance code, ensuring the separation of roles between the chairman and the CEO[152]. - The company has launched initiatives to enhance compliance awareness and execution, promoting a culture of compliance across all levels[99]. - The company has maintained high standards in information disclosure, receiving the highest rating of A for two consecutive years from the Shanghai Stock Exchange[147]. Awards and Recognition - The company has received multiple awards for its ESG practices, including the "2023 China Banking Industry ESG Practice Award" and recognition in the "Top Ten ESG Star Banks" list[196]. - The company received over 20 batches of online and offline research visits from securities analysts and investors, significantly increasing market attention[149].

Financial Performance - China Zheshang Bank reported an unaudited mid-term performance for the six months ending June 30, 2023[2]. - In the first half of 2023, the company's operating income reached 33.248 billion yuan, a year-on-year increase of 4.63%[11]. - Net profit attributable to shareholders was 7.743 billion yuan, reflecting a year-on-year growth of 11.03%[11]. - Total assets amounted to 2.91 trillion yuan, up 11.07% from the end of the previous year[11]. - The total amount of loans and advances was 1.65 trillion yuan, increasing by 8.40% compared to the end of last year[11]. - The non-performing loan ratio stood at 1.45%, with a provision coverage ratio of 182.42%, indicating an improvement in asset quality[11]. - The capital adequacy ratio was 11.83%, with a tier 1 capital adequacy ratio of 9.57% and a core tier 1 capital adequacy ratio of 8.18%, showing an increase in capital adequacy[11]. - Operating revenue for the first half of 2023 reached RMB 33,248 million, an increase of 4.63% compared to RMB 31,778 million in the same period of 2022[18]. - The average return on total assets was 0.58%, while the average return on equity was 10.71%[29]. - The cost-to-income ratio increased to 27.96%, up 3.87 percentage points year-on-year[29]. Risk Management - The company is subject to various risks, and future plans are not commitments to investors[5]. - The company emphasizes the importance of risk awareness regarding forward-looking statements[5]. - The company maintains a prudent risk appetite, focusing on "small and diversified" credit principles to support the real economy[78]. - The company has established a comprehensive risk management system, with the board of directors ultimately responsible for risk management[78]. - Credit risk management aims to keep credit risk within a bearable range, maximizing comprehensive benefits adjusted for risk[79]. - The company aims to control market risk within a reasonable range, maximizing comprehensive benefits adjusted for risk[84]. - The company employs various market risk measurement methods, including duration analysis and value at risk (VaR), to manage market risk effectively[84]. Corporate Governance - The company has implemented a governance structure that integrates party leadership with corporate governance, improving operational effectiveness[143]. - The board consists of 14 members, including 2 female directors and 12 members with postgraduate degrees, enhancing diversity[146]. - The company received the highest rating of A for information disclosure from the Shanghai Stock Exchange for two consecutive years[147]. - The company has confirmed that all directors and supervisors have adhered to the securities trading code from January 1, 2023, to June 30, 2023[150]. - The company has complied with the Corporate Governance Code as per the Hong Kong Listing Rules from January 1, 2023, to June 30, 2023, with exceptions noted[151]. Digital Transformation - The company is focusing on digital transformation and has launched the "Micro Sea" digital brand, enhancing its technological capabilities[17]. - The company continues to implement the "Technology-Driven Operations" strategy, enhancing digital infrastructure and innovation[100]. - The company achieved a digital channel transaction substitution rate of 99.78%, leading the industry[131]. - The company optimized its cash management functions, achieving a 53.97% year-on-year increase in core clients to 1,298, with transaction amounts reaching CNY 16,450.63 billion[135]. Customer Engagement - The company has implemented a customer-centric approach, enhancing consumer rights protection and improving customer satisfaction through efficient and high-quality service experiences[198]. - The company has conducted over 5,000 educational activities, reaching more than 19 million consumers, focusing on financial knowledge and consumer protection[198]. - The company reported a personal customer base of 9.1966 million, an increase of 5.30% compared to the beginning of the year[103]. Shareholder Information - The total number of ordinary shares issued by the company as of June 30, 2023, is 26,098,435,963, including 21,544,435,963 A-shares and 4,554,000,000 H-shares[154]. - The largest shareholder, Hong Kong Central Clearing Limited, holds 4,553,749,780 H-shares, representing 17.45% of the total[157]. - Zhejiang Financial Holdings Co., Ltd. increased its holdings by 796,633,132 shares, totaling 3,452,076,906 shares, which is 13.23% of the total[157]. - As of June 30, 2023, 2,561,374,733 shares, accounting for 9.81% of the total issued ordinary shares, are pledged, and 227,801,951 shares are subject to judicial freeze[159]. Compliance and Regulatory - The company has established a compliance risk management framework to ensure legal and regulatory adherence, minimizing potential legal and reputational damages[97]. - The company has launched a dual enhancement initiative for compliance awareness and execution, promoting a culture of compliance across all levels[98]. - Regular compliance training and awareness campaigns are conducted to strengthen employees' understanding of regulations and compliance[98]. Challenges and Future Outlook - The company faces challenges in the second half of 2023 due to insufficient domestic demand and global economic slowdown, but remains committed to high-quality development[141]. - The company aims to enhance its comprehensive financial service capabilities, leveraging the advantages of the Hong Kong International Financial Center and the Greater Bay Area development opportunities[138].

证券代码：601916 证券简称：浙商银行 公告编号：2023-059 浙商银行股份有限公司 第六届董事会 2023 年第六次临时会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 浙商银行股份有限公司（以下简称"本公司"或"浙商银行"）第六届董 事会 2023 年第六次临时会议于 2023 年 8 月 22 日发出会议通知，并于 2023 年 8 月 29 日在杭州以现场方式召开。目前本公司董事会成员共 14 人。本次会议亲 自出席并参与表决的董事共 11 名。陆建强董事因其他公务未能亲自出席，书面 委托张荣森董事出席会议并代为表决，陈海强董事因其他公务未能亲自出席， 书面委托马红董事出席会议并代为表决。高勤红董事参加会议，但因提名股东 股权质押的原因，不行使表决权。本次会议的召开符合法律、法规、部门规章、 其他规范性文件和《浙商银行股份有限公司章程》（以下简称"《公司章 程》"）的规定。 二、通过《关于核定浙商银行高级管理人员 2022 年度薪酬的议案》 表决结果：11票赞成，0票反对，0票弃权。 执行董事张荣森 ...

浙商银行股份有限公司 第六届监事会第二十三次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 浙商银行股份有限公司（以下简称"本公司"）第六届监事会第二十三次 会议于2023年8月22日发出会议通知，于2023年8月29日在杭州以现场方式召开。 本次会议应出席监事8名，实际出席监事8名。本次会议的召开符合法律、法规、 部门规章、其他规范性文件和《浙商银行股份有限公司章程》的有关规定。 证券代码：601916 证券简称：浙商银行 公告编号：2023-060 会议审议通过了以下议案： 一、通过《浙商银行2023年半年度报告及摘要（国内准则及国际准则）》。 表决结果：8票赞成，0票反对，0票弃权 监事会对本公司2023年半年度报告进行了审核，并出具如下审核意见： 《浙商银行股份有限公司2023年半年度报告及摘要（国内准则及国际准则）》 的编制和审议程序符合法律、法规以及监管部门的相关规定，内容真实、准确、 完整地反映了本公司的实际情况。 二、通过《浙商银行2023年上半年消费者权益保护工作报告》。 表决结果：8票赞成，0 ...

证券代码：601916 证券简称：浙商银行 公告编号：2023-058 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 9 月 1 日（星期五）15:00-17:00 会议召开方 式：网络视频直播 浙商银行股份有限公司 关于召开 2023 年半年度网上业绩说明会的公告 1 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 9 月 1 日（星期五）15:00-17:00 （二）会议召开方式：网络视频直播 （三）网络直播地址： 全 景 路 演 网络直播地址： 全 景 路 演（https://rs.p5w.net/） 和 同花顺 （https://board.10jqka.com.cn/rs/app/detail?roadshowId=1006768&fromSource =weixin） 投资者可于 2023 年 8 月 29 日（星期二）17:00 前将需要了解的情况和 有关问题预先通过电子邮件的形式发送至公司投资者关系邮箱：ir@czbank.com。 公司将会于 202 ...