Financial Performance - For the six months ended June 30, 2023, Shengjing Bank reported net profit attributable to shareholders of RMB 737,875,000, a decrease of 21.8% compared to RMB 944,113,000 for the same period in 2022[24]. - Net profit for the first half of 2023 was RMB 789.635 million, a decrease of RMB 174.220 million or 18.1% year-on-year[35]. - Operating income for the first half of 2023 was RMB 7.144 billion, down RMB 937.132 million or 11.6% year-on-year[37]. - The bank's total comprehensive income for the first half of 2023 was RMB 846,196, compared to RMB 1,028,751 for the same period in 2022, indicating a decrease of approximately 17.7%[198]. - The basic and diluted earnings per share for the first half of 2023 were RMB 0.08, down from RMB 0.11 in the same period of 2022[24]. Asset and Liability Management - Total assets as of June 30, 2023, reached RMB 1,095,164,969, reflecting a 1.2% increase from RMB 1,082,413,109 at the end of 2022[25]. - The bank's total liabilities increased by 1.2% to RMB 1,012,829,918 from RMB 1,000,976,014 at the end of 2022[25]. - The capital adequacy ratio as of June 30, 2023, was 12.40%, up from 11.52% at the end of 2022[27]. - The company's total financial assets amounted to RMB 304.05 billion, a decrease from RMB 322.90 billion at the end of 2022[91]. Loan and Deposit Growth - The bank's total loans and advances amounted to RMB 620,284,642, reflecting a 1.1% increase from RMB 613,362,329 at the end of 2022[25]. - Total deposits amounted to RMB 808.833 billion, up RMB 37.267 billion or 4.8% from the end of the previous year[31]. - The total amount of loans and advances issued was RMB 620.285 billion as of June 30, 2023, an increase of RMB 6.922 billion, representing a growth of 1.1%[82]. - Individual deposits increased by RMB 37.94 billion compared to the end of the previous year, while corporate deposits decreased by RMB 0.5 billion[96]. Income Sources - The bank's non-interest income decreased by 42.4% to RMB 1,165,615,000 from RMB 2,024,777,000 year-on-year[24]. - Interest income increased to RMB 21.300 billion, a rise of RMB 257.810 million or 1.2% year-on-year[36]. - The bank's net interest income for the first half of 2023 was RMB 5.98 billion, down RMB 0.08 billion or 1.3% year-on-year[50]. - The bank's net fee and commission income rose to RMB 140 million, an increase of RMB 86 million or 156.4% year-on-year[66]. Risk Management - The bank continues to enhance risk management capabilities, focusing on asset quality management and optimizing risk management strategies[138]. - Credit risk management has been strengthened with a focus on maintaining stable growth in asset quality and optimizing credit structure[139]. - The bank has implemented a comprehensive credit risk control process, emphasizing pre-loan marketing and post-loan management[139]. - The bank has established a multi-level liquidity reserve mechanism to broaden emergency funding channels[143]. Shareholder Information - As of June 30, 2023, the total number of shares was 8,796,680,200, consisting of 6,455,937,700 domestic shares and 2,340,742,500 H-shares, with no changes during the reporting period[150]. - Shenyang Shengjing Financial Holdings Group Co., Ltd. is the largest shareholder, owning 1,829,225,327 shares, which is 20.79% of the total[153]. - The total number of domestic shareholders is 3,466, while H-share shareholders number 126 as of June 30, 2023[152]. Corporate Governance and Management - The company’s governance practices comply with the corporate governance code, except for three directors who were unable to attend the annual general meeting due to business reasons[181]. - The company has established a diverse compensation system that reflects job characteristics and provides flexible benefits[180]. - The company’s board of directors has undergone changes, with key positions being filled following resignations due to age and work adjustments[177]. Future Outlook and Strategy - The company aims to achieve high-quality development by focusing on four transformations: operational transformation, asset-liability management transformation, digital transformation, and branch transformation[149]. - The company plans to issue financial bonds with a total principal amount of up to RMB 30 billion, including perpetual bonds not exceeding RMB 15 billion and other types of financial bonds not exceeding RMB 15 billion[170]. - The company is committed to maintaining a stable economic environment, with a focus on expanding domestic demand and preventing risks, amidst challenges in the economic recovery process[149].

Financial Performance - Interest income for 2022 was RMB 43,348.175 million, a 5.9% increase from RMB 40,915.676 million in 2021[5] - Net profit for 2022 reached RMB 1,019.269 million, representing a 136.6% increase compared to RMB 430.883 million in 2021[5] - Operating income for 2022 was RMB 16,153.111 million, a 4.4% increase from RMB 15,466.611 million in 2021[5] - Basic and diluted earnings per share rose to RMB 0.11 in 2022, compared to RMB 0.05 in 2021[6] - Total operating income for 2022 was RMB 16.15 billion, up RMB 686.5 million, reflecting a growth of 4.4% compared to the previous year[17] - The company achieved a net profit of RMB 1.02 billion in 2022, an increase of RMB 588 million, representing a growth of 136.6% year-on-year[15] Asset and Liability Management - Total assets increased by 7.6% to RMB 1,082,413.109 million in 2022 from RMB 1,006,126.253 million in 2021[6] - Total liabilities increased by 8.1% to RMB 1,000,976.014 million in 2022 from RMB 925,623.312 million in 2021[6] - Total assets reached RMB 1,082.41 billion, an increase of RMB 76.29 billion or 7.6% compared to the previous year[11] - Total deposits amounted to RMB 771.57 billion, up RMB 34.53 billion or 4.7% year-on-year[11] Loan and Credit Quality - The bank's total loans and advances increased by 4.7% to RMB 613,362.329 million in 2022 from RMB 586,032.668 million in 2021[6] - The non-performing loan ratio improved to 3.22% in 2022 from 3.28% in 2021[6] - The provision coverage ratio increased to 140.30% in 2022, up from 130.87% in 2021[6] - Total loans and advances amounted to RMB 613.36 billion, with non-performing loans totaling RMB 19.76 billion[83] - The impairment provision for loans and advances increased to RMB 27.38 billion, up by RMB 2.70 billion or 11.0% compared to the previous year, reflecting enhanced risk coverage capabilities[66] Income Sources - Non-interest income amounted to RMB 3.30 billion, a 7.2% increase, accounting for 20.4% of total revenue[14] - Net interest income reached RMB 12.85 billion, an increase of RMB 466.1 million, with a year-on-year growth of 3.8%[19] - Interest income rose to RMB 43.35 billion, a year-on-year increase of RMB 2.43 billion, while interest expenses increased by RMB 1.97 billion[20] - The interest income from loans and advances amounted to RMB 34.82 billion, representing 80.3% of total interest income, with a year-on-year increase of RMB 3.87 billion or 12.5%[30] Operational Efficiency - Operating expenses were RMB 5.79 billion, a slight decrease of RMB 0.07 billion or 1.1% year-on-year, reflecting enhanced budget control and cost-saving measures[49] - Employee compensation expenses were RMB 3.19 billion, an increase of RMB 0.11 billion or 3.7% year-on-year, driven by personnel growth and rising average wages[51] Risk Management - The bank's focus on optimizing credit risk management processes has strengthened its ability to mitigate financial risks[81] - The bank has enhanced its operational risk management by improving internal control systems and risk monitoring tools, aiming to maximize operational risk control capabilities[119] - Liquidity risk management has been strengthened through a comprehensive liquidity management system, ensuring balance sheet optimization and dynamic monitoring[122] Corporate Governance - The board of directors consists of 12 members, including 3 executive directors, 4 non-executive directors, and 5 independent non-executive directors[188] - The company is committed to continuously reviewing and strengthening corporate governance to meet higher expectations from shareholders and investors[185] - The board meets at least four times a year, ensuring compliance with procedures and applicable rules[190] Shareholder Information - As of December 31, 2022, the total number of shares was 8,796,680,200, with domestic shares accounting for 6,455,937,700 and H shares for 2,340,742,500, showing no changes during the reporting period[133] - Major shareholders include Shengjing Financial Holdings with 1,829,225,327 shares (20.79%) and Shenyang Hengxin with 479,836,334 shares (5.45%) as of December 31, 2022[138] Strategic Initiatives - The bank plans to continue expanding its market presence and enhancing its product offerings in the coming years[6] - The bank aims to enhance its financial services in the Liaoning region, focusing on inclusive finance and technological finance development[128] - The bank's strategic vision includes a commitment to serve local economies, small and medium enterprises, and rural residents, while enhancing deposit growth and customer base development[128]

Meeting Details - The annual general meeting of Shengjing Bank Co., Ltd. is scheduled for June 2, 2023, to discuss the 2022 financial results and 2023 budget report[2] - The proposed profit distribution plan for 2022 will be reviewed during the meeting[2] - The independent non-executive director's report for 2022 will be presented at the meeting[4] - The meeting is expected to last no more than half a working day[10] Shareholder Participation - Shareholders must submit transfer documents by May 2, 2023, to attend the meeting and vote[6] - Shareholders can appoint representatives to attend the meeting and vote on their behalf[8] Financial Actions - The bank plans to issue new shares and extend the validity of issuing financial bonds[3] Performance Evaluation - The supervisory board will evaluate the performance of directors and senior management for 2022[4] H-share Registration - The bank will suspend H-share transfer registration from May 3, 2023, to June 2, 2023, to ensure eligibility for the meeting[6] Regulatory Status - The bank is not a licensed institution under the Hong Kong Banking Ordinance and is not supervised by the Hong Kong Monetary Authority[10]

Financial Performance - Shengjing Bank reported a net profit of RMB 1,019,269,000 for the year ended December 31, 2022, representing a 136.6% increase compared to RMB 430,883,000 in 2021[10]. - The bank's interest income for 2022 was RMB 43,348,175,000, a 5.9% increase from RMB 40,915,676,000 in 2021[10]. - Non-interest income increased by 7.2% to RMB 3,299,427,000 in 2022 from RMB 3,079,002,000 in 2021[10]. - Operating income rose to RMB 16,153,111,000, reflecting a 4.4% growth compared to RMB 15,466,611,000 in the previous year[10]. - The bank's operating profit surged to RMB 1,191,249,000, a significant increase of 1,049.9% from RMB 103,595,000 in 2021[10]. - The bank's operating expenses decreased slightly by 1.1% to RMB 5,790,240,000 in 2022 from RMB 5,855,054,000 in 2021[10]. - Total assets reached RMB 1,082.41 billion, an increase of 7.6% compared to 2021[17]. - Total loans and advances amounted to RMB 613.36 billion, growing by 4.7% year-on-year[17]. - Total deposits increased to RMB 771.57 billion, also up by 4.7% from the previous year[17]. - The company achieved a net profit of RMB 1.02 billion, an increase of RMB 588 million, representing a growth of 136.6% year-on-year, driven by increased credit investment and improved asset quality[30]. Asset Quality and Risk Management - The non-performing loan ratio improved to 3.22%, down from 3.28% in 2021[14]. - The coverage ratio for provisions increased to 140.30%, up from 130.87% in the previous year[14]. - The impairment losses on assets for 2022 were RMB 91.72 billion, a decrease of 3.5% from the previous year, reflecting the company's prudent risk management practices[76]. - The company has implemented a comprehensive risk management and internal control compliance action plan to strengthen risk prevention[26]. - The bank's loan portfolio showed a healthy distribution, with 94.3% classified as normal loans as of December 31, 2022[109]. - The bank's strategy includes enhancing customer group construction and optimizing loan structures across ten preferred industries[111]. - The bank's focus on technology-driven strategies is aligned with its 2022-2025 information technology strategic plan[150]. - The bank has strengthened its reputation risk management by implementing 24/7 public opinion monitoring and enhancing public relations management[161]. Strategic Initiatives and Future Outlook - Future outlook includes a focus on expanding market presence and enhancing product offerings, although specific figures were not disclosed in the provided content[10]. - Shengjing Bank aims to leverage technology in its operations and improve customer service as part of its strategic initiatives[10]. - The company plans to continue optimizing its asset structure and increasing loan issuance to support economic development and meet financing needs[45]. - The bank is committed to innovation in supply chain finance services, contributing to the stability and quality of foreign trade[131]. - The bank has implemented a three-year action plan to promote inclusive finance, focusing on serving local economies and small and micro enterprises[141]. Customer and Market Development - Retail banking customers exceeded 27.7 million, with savings deposits reaching RMB 502.66 billion, accounting for 65.1% of total deposits[24]. - The company aims to focus on deposit growth, customer base development, value creation, and capability enhancement as part of its business strategy[20]. - The bank's personal deposit balance was RMB 502.664 billion as of December 31, 2022, maintaining rapid growth for three consecutive years[134]. - The number of mobile banking users reached 3.8244 million, with monthly active users increasing by 9.1% year-on-year[149]. Capital and Shareholder Information - Shareholders' equity amounted to RMB 81.44 billion, reflecting a year-over-year increase of RMB 0.93 billion or 1.2%[105]. - The total number of shares outstanding was 8,796,680,200, consisting of 6,455,937,700 domestic shares and 2,340,742,500 H-shares, with no changes during the reporting period[174]. - The largest shareholder, Shenyang Jin控 Investment Group Co., Ltd., held 1,829,225,327 shares, representing 20.79% of the total share capital[180]. - The company plans to issue financial bonds totaling up to RMB 30 billion, with a maximum of RMB 15 billion for perpetual bonds and another RMB 15 billion for other types of financial bonds[196]. Management and Governance - The company appointed new executive directors, including Ms. Liu Xu and Mr. Wang Jun, following the resignation of several board members due to personal work changes[199]. - The company has experienced a significant turnover in its board and senior management, indicating a potential shift in strategic direction[199]. - The company continues to focus on compliance with regulatory requirements for all new appointments[200].

Financial Performance - Interest income for the first half of 2022 was RMB 21,042,514, a decrease of 0.6% compared to RMB 21,177,436 in the same period of 2021[23] - Net interest income decreased by 8.7% to RMB 6,056,292 from RMB 6,631,038 year-on-year[23] - The net profit for the first half of 2022 was RMB 963,855, down 7.9% from RMB 1,046,301 in the same period of 2021[23] - Earnings per share for the first half of 2022 was RMB 0.11, a decrease of RMB 0.01 compared to RMB 0.12 in the first half of 2021[23] - Operating income for the first half of 2022 was RMB 8.081 billion, down RMB 0.427 billion or 5.0% compared to the same period last year[32] - Total operating income for the six months ended June 30, 2022, was RMB 8,081,069 thousand, down from RMB 8,508,256 thousand in the previous year, reflecting a decline of 5.0%[194] - The bank's net profit for the first half of 2022 was RMB 944,113 thousand, compared to RMB 1,030,380 thousand in the same period of 2021, showing a decrease of about 8.36%[199] - The total comprehensive income for the first half of 2022 was RMB 1,028,751 thousand, down from RMB 1,040,828 thousand in the first half of 2021, indicating a decline of approximately 1.16%[199] Asset and Liability Management - Total assets as of June 30, 2022, reached RMB 1,056,268,387, reflecting a growth of 5.0% from RMB 1,006,126,253 at the end of 2021[24] - Total liabilities increased by 5.3% to RMB 974,716,953 from RMB 925,623,312 year-on-year[24] - The bank's total assets reached RMB 1,056.27 billion as of June 30, 2022, an increase of RMB 50.14 billion or 5.0% from the end of the previous year, mainly driven by growth in lending activities[73] - The bank's cash and deposits with the central bank increased to RMB 83,290,159 thousand from RMB 72,330,736 thousand, marking a rise of about 15.36%[196] - Loans and advances to customers rose to RMB 609,547,176 thousand, up from RMB 583,443,518 thousand, which is an increase of approximately 4.48%[196] Risk Management - The non-performing loan ratio improved slightly to 3.26% from 3.28% as of December 31, 2021[26] - The provision coverage ratio increased to 138.14% from 130.87% year-on-year, indicating stronger asset quality management[26] - The bank's non-performing loan (NPL) ratio was 3.26%, a decrease of 0.02 percentage points compared to the end of 2021, with non-performing loans amounting to RMB 19.69 billion[96] - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies in place[200] - The bank's focus on optimizing credit risk management has led to a continuous improvement in asset quality and risk monitoring systems[95] Income Sources - Non-interest income increased by 7.9% to RMB 2,024,777 compared to RMB 1,877,218 in the first half of 2021[23] - Interest income from loans and advances amounted to RMB 17.04 billion, an increase of RMB 1.55 billion, with a growth rate of 10.0%, accounting for 81.0% of total interest income, up 7.8 percentage points year-on-year[45] - Non-interest income from fees and commissions decreased by RMB 111 million to RMB 55 million, a decline of 67.0%, due to the implementation of fee reduction policies and a decrease in agency and custody business scale[59] - Trading net income increased by RMB 682 million to RMB 226 million, attributed to improved strategies in bond and foreign exchange trading and enhanced market analysis[61] - The bank's investment income for the first half of 2022 was RMB 1,727,718 thousand, down from RMB 2,153,465 thousand in the previous year, reflecting a decline of 19.7%[194] Capital Structure - Core Tier 1 capital adequacy ratio decreased to 10.29% from 10.54% as of December 31, 2021[26] - Total equity as of June 30, 2022, was RMB 81.55 billion, up by RMB 1.05 billion or 1.3% from the end of 2021[93] - The capital adequacy ratio was 12.01% as of June 30, 2022, meeting regulatory requirements[104] - The bank's capital reserve remained unchanged at RMB 26,931,360 thousand, indicating a stable capital structure[198] Customer and Market Engagement - The number of retail customers reached 26.85 million, with wealth management clients totaling 251,000, and total managed assets increased to RMB 274.4 billion, up RMB 45.8 billion or 20.0%[29] - The bank's transaction banking assets amounted to RMB 364.75 billion, with cross-border settlement volume reaching USD 6.414 billion[115] - The total number of debit cards issued reached 19.28 million, an increase of 587,200 cards since the beginning of the year, with total transaction volume of RMB 10.99 billion[119] - The cumulative number of mobile banking customers reached 3.657 million, with a total transaction volume of RMB 395.196 billion in the first half of 2022[131] Operational Efficiency - Operating expenses for the first half of 2022 amounted to RMB 2.679 billion, an increase of RMB 188 million or 7.5% year-on-year, driven by the implementation of a retail transformation strategy and increased personnel costs[64] - Employee compensation expenses rose to RMB 1.544 billion, reflecting an increase of RMB 86 million or 5.9% year-on-year, attributed to personnel growth and higher wages and benefits[66] - The bank achieved a system availability rate of 99.99% for critical information systems, enhancing operational efficiency through automated resource allocation and centralized management[133] Shareholder Structure - The total number of shares as of June 30, 2022, is 8,796,680,200, with domestic shares accounting for 6,455,937,700 and H-shares for 2,340,742,500[148] - The top ten domestic shareholders hold a total of 5,318,750,431 shares, representing 60.46% of the total share capital[151] - Major shareholders include Shengjing Financial Holdings with 1,829,225,327 domestic shares (20.79%), Evergrande Nanchang with 1,281,855,435 domestic shares (14.57%), and Shenyang Hengxin with 479,836,334 domestic shares (5.45%)[167] Governance and Compliance - The company is committed to enhancing corporate governance transparency and accountability to protect shareholder rights and enhance corporate value[181] - The company has established a compensation system that aligns with corporate governance requirements, balancing short-term and long-term incentives[180] - The company has a diverse board of directors, with ages ranging from 44 to 75, indicating a mix of experience and youth in leadership[173] - The company has independent non-executive directors, including Ni Guoju and Jiang Ce, who will continue to fulfill their duties until their qualifications are approved by the regulatory authority[174]

Financial Performance - Interest income for 2021 was RMB 40,915.676 million, a decrease of 3.8% compared to RMB 42,533.959 million in 2020[10]. - Net interest income decreased by 14.9% to RMB 12,387.609 million from RMB 14,558.361 million in the previous year[10]. - Non-interest income increased significantly by 80.2% to RMB 3,079.002 million, compared to RMB 1,708.452 million in 2020[10]. - Operating profit fell by 82.5% to RMB 103.595 million from RMB 591.364 million in 2020[10]. - Net profit for 2021 was RMB 430.883 million, a decline of 65.0% from RMB 1,231.941 million in 2020[10]. - The net profit attributable to shareholders decreased by 66.6% to RMB 401.961 million from RMB 1,203.777 million in the previous year[10]. - Operating expenses increased by 15.9% to RMB 5,855.054 million compared to RMB 5,050.086 million in 2020[10]. - The company reported an asset impairment loss of RMB 9,507.962 million, a decrease of 10.5% from RMB 10,625.363 million in 2020[10]. - The company achieved operating income of RMB 15.47 billion, a decrease of RMB 800.2 million or 4.9% year-on-year[29]. - Net profit for 2021 was RMB 430.9 million, down RMB 801.1 million or 65.0% year-on-year[32]. Asset and Liability Management - Total assets reached RMB 1,006.13 billion, a decrease of 3.1% compared to 2020[12]. - Total loans and advances amounted to RMB 586.03 billion, an increase of 7.1% year-on-year[12]. - Total deposits increased to RMB 737.03 billion, reflecting an 8.2% growth from the previous year[12]. - The bank's equity attributable to shareholders increased by 0.5% to RMB 79.88 billion[12]. - Total liabilities as of December 31, 2021, were RMB 925.62 billion, a decrease from RMB 957.91 billion in 2020[93]. - The proportion of customer deposits to total liabilities was 79.6%, up by 8.5 percentage points from the previous year[96]. Loan and Deposit Growth - Personal deposits increased to RMB 419.843 billion, a rise of RMB 61.938 billion, reflecting a growth of 17.3% year-on-year[25]. - Personal loans reached RMB 100.725 billion, an increase of RMB 23.267 billion, representing a growth of 30.0% year-on-year[25]. - The total amount of loans and advances issued reached RMB 586.03 billion, an increase of RMB 39.97 billion, representing a growth of 7.1% year-on-year[78]. - Corporate loans (including discounted bills) amounted to RMB 485.31 billion, an increase of RMB 15.70 billion, with a growth rate of 3.3%[79]. Non-Performing Loans and Risk Management - The non-performing loan ratio stood at 3.28%, slightly up from 3.26% in 2020[12]. - The total amount of non-performing loans was RMB 19,198.18 million, compared to RMB 17,829.94 million in the previous year[105]. - The provision coverage ratio improved to 130.87%, up by 16.82 percentage points year-on-year[103]. - The bank's loan provision rate increased to 4.29%, up by 0.57 percentage points from the previous year[103]. - The impairment provision for loans and advances increased to RMB 24.67 billion, up RMB 4.34 billion or 21.3% from the previous year, due to a cautious approach considering economic uncertainties[84]. Strategic Initiatives and Future Outlook - Future outlook and development strategy discussed in the report indicate a focus on market expansion and new product development[8]. - The company plans to enhance risk management practices as part of its strategic initiatives moving forward[8]. - The bank's strategy focused on deposit growth, customer base development, value creation, and capability enhancement, leading to a stable operational performance[21]. - The bank's digital currency system and integrated payment system construction were advanced, aligning with government initiatives for "digital cities"[147]. Shareholder Information - The total number of shares outstanding as of December 31, 2021, was 8,796,680,200, consisting of 6,455,937,700 domestic shares and 2,340,742,500 H shares[173]. - The largest shareholder, Shenyang Jin Kong Investment Group Co., Ltd., owned 1,829,225,327 shares, accounting for 20.79% of the total[177]. - The company has not issued new shares during the reporting period[174]. Compliance and Regulatory Matters - The company emphasizes a "compliance first" principle, enhancing internal control and compliance management to adapt to regulatory requirements amid a trend of increasing supervision[159]. - The company has strengthened its anti-money laundering (AML) framework, focusing on system intelligence and enhancing monitoring capabilities to improve AML effectiveness[161]. - There were no significant lawsuits or arbitration matters that impacted the company's business activities during the reporting period[167].

Financial Performance - Interest income for the first half of 2021 was RMB 21,177,436 thousand, a 1.6% increase from RMB 20,838,858 thousand in the same period of 2020[22]. - Net interest income decreased by 11.4% to RMB 6,631,038 thousand from RMB 7,483,342 thousand year-on-year[22]. - Non-interest income fell by 20.3% to RMB 1,877,218 thousand compared to RMB 2,355,390 thousand in the first half of 2020[22]. - Pre-tax profit dropped significantly by 71.9% to RMB 914,812 thousand from RMB 3,253,137 thousand in the previous year[22]. - Net profit for the first half of 2021 was RMB 1,046,301 thousand, a decrease of 63.2% from RMB 2,845,737 thousand in the same period of 2020[22]. - Total operating income for the first half of 2021 was RMB 8.51 billion, down RMB 1.33 billion or 13.5% compared to the same period in 2020[34]. - The company reported a pre-tax profit of RMB 0.91 billion, a significant decline of 71.9% from RMB 3.25 billion in the same period last year[36]. - The total profit for the first half of 2021 was RMB 1,030,360,000, compared to RMB 2,829,393,000 in the same period of 2020, reflecting a significant decrease[194]. - The total comprehensive income for the first half of 2021 was RMB 1,040,828,000, down from RMB 1,897,497,000 in the first half of 2020, indicating a decline of approximately 45%[194]. Asset and Liability Management - Total assets as of June 30, 2021, were RMB 1,016,503,498 thousand, down 2.1% from RMB 1,037,958,375 thousand at the end of 2020[23]. - Total liabilities amounted to RMB 935.42 billion, a decrease of RMB 22.50 billion or 2.3% compared to the end of the previous year[87]. - The bank's total liabilities decreased to RMB 935,416,121 thousand as of June 30, 2021, from RMB 957,911,826 thousand at the end of 2020[192]. - The bank's equity attributable to shareholders increased to RMB 80,476,819 thousand from RMB 79,451,932 thousand at the end of 2020, showing a growth of 1.3%[193]. - The total equity as of June 30, 2021, was RMB 81,087,377, with retained earnings contributing 28.8%[94]. Loan and Deposit Growth - Total loans and advances increased by 7.5% to RMB 588,040,455 thousand from RMB 547,062,557 thousand year-on-year[23]. - Total deposits reached RMB 728.96 billion, an increase of RMB 47.56 billion or 7.0% from the end of the previous year[89]. - The total amount of loans and advances increased by RMB 40.98 billion, representing a growth of 7.5% compared to the end of the previous year[29]. - Personal loans amounted to RMB 93.04 billion, reflecting a growth of RMB 15.58 billion or 20.1%[30]. - The bank's corporate loan balance (excluding bill discounting) was RMB 441.35 billion, an increase of RMB 10.15 billion, with a growth rate of 2.4% compared to the end of the previous year[115]. Risk Management - The non-performing loan ratio improved to 3.04% from 3.26% at the end of 2020[25]. - The provision coverage ratio increased to 130.93% from 114.05% year-on-year[25]. - The company's asset impairment losses for the first half of 2021 amounted to RMB 5.103 billion, an increase of RMB 730 million or 16.7% year-on-year, primarily due to increased provisions in response to uncertainties from the pandemic and economic environment[70]. - The impairment provision for loans and advances increased to RMB 23.38 billion, up by RMB 3.05 billion or 15.0% compared to the end of the previous year, reflecting the bank's proactive approach to credit risk amid the pandemic[81]. - The bank has strengthened credit risk management by utilizing big data and cloud computing technologies[95]. Digital Transformation and Customer Experience - The bank's strategy focuses on enhancing customer experience and digital transformation, aiming to build an integrated digital retail banking model[29]. - The company continues to focus on digital transformation and retail finance integration, driving growth in consumer loans and operational loans[78]. - The company has accelerated the digital transformation of corporate banking, with online banking clients reaching 46,800, a 12% increase from the end of the previous year, and total transaction amounts reaching RMB 1,132.365 billion[133]. - Mobile banking clients increased to 3.1623 million, a 15.7% growth since the beginning of the year, with transaction amounts reaching RMB 131.227 billion, an 11.8% increase year-on-year[135]. Shareholder Information - The total number of shares as of June 30, 2021, is 8,796,680,200, consisting of 6,455,937,700 domestic shares and 2,340,742,500 H-shares, with no changes during the reporting period[149]. - The top ten domestic shareholders held a total of 5,509,675,427 shares, representing 62.63% of the total share capital[151]. - China Evergrande Group held 3,201,680,000 domestic shares, accounting for 36.40% of the total[153]. - The largest shareholder, China Evergrande Group, has no pledged shares[151]. Regulatory Compliance and Governance - The company has adhered to the corporate governance code and ensured high levels of transparency and accountability[176]. - No penalties were imposed on the company or its directors during the reporting period by regulatory authorities[180]. - The financial statements for the six months ended June 30, 2021, were prepared in accordance with international financial reporting standards and reviewed by KPMG[183]. Future Outlook and Strategy - The company plans to issue financial bonds with a total principal amount of up to RMB 30 billion, including subordinated capital bonds not exceeding RMB 15 billion, and other types of financial bonds not exceeding RMB 15 billion[166]. - The funds raised will be used to support long-term asset business development and enhance the company's capital adequacy level[166]. - The bank aims to strengthen its core competitiveness in three major sectors: large corporate, retail, and financial markets[148].

Financial Performance - Interest income for 2020 was RMB 42,533,959 thousand, a decrease of 5.4% compared to RMB 44,944,020 thousand in 2019[11] - Net interest income decreased by 11.0% to RMB 14,558,361 thousand from RMB 16,349,852 thousand in 2019[11] - Non-interest income significantly dropped by 63.3% to RMB 1,708,452 thousand from RMB 4,657,415 thousand in 2019[11] - Total operating income fell by 22.6% to RMB 16,266,813 thousand compared to RMB 21,007,267 thousand in 2019[11] - Operating profit decreased dramatically by 90.4% to RMB 591,364 thousand from RMB 6,142,702 thousand in 2019[11] - Net profit for 2020 was RMB 1,231,941 thousand, a decline of 77.3% from RMB 5,438,061 thousand in 2019[11] - The net profit attributable to shareholders was RMB 1,203,777 thousand, down 77.9% from RMB 5,443,224 thousand in 2019[11] - The company reported an increase in operating expenses by 9.0% to RMB 5,050,086 thousand from RMB 4,631,365 thousand in 2019[11] - Asset impairment losses rose by 3.8% to RMB 10,625,363 thousand compared to RMB 10,233,200 thousand in 2019[11] Asset and Liability Management - Total assets reached RMB 1,037.96 billion, an increase of 1.6% compared to RMB 1,021.48 billion in 2019[13] - Total liabilities amounted to RMB 957.91 billion, growing by RMB 15.55 billion, or 1.7% year-on-year[27] - Total loans and advances amounted to RMB 547.06 billion, reflecting a growth of 19.7% from RMB 457.20 billion in 2019[13] - Total deposits increased to RMB 681.40 billion, up by 6.2% from RMB 641.43 billion in 2019[13] - The proportion of loans and advances to total assets rose to 52.7%, an increase of 7.9 percentage points from the beginning of the year[28] - The proportion of deposits to total liabilities increased to 71.1%, up 3 percentage points year-on-year[28] Credit Quality and Risk Management - Non-performing loan ratio rose to 3.26%, an increase of 1.51 percentage points from 1.75% in 2019[13] - The impairment provision for loans and advances increased to RMB 203.36 billion, up RMB 74.57 billion or 57.9% compared to the previous year, reflecting a cautious risk management approach amid economic pressures and the pandemic[93] - The bank's provisions for loan losses increased, with the provision coverage ratio rising by 0.9 percentage points to 3.72%[116] - The non-performing loan (NPL) amount reached RMB 17.83 billion, with an NPL ratio of 3.26%, an increase of 1.51 percentage points from the end of the previous year[117] Customer Base and Market Position - Retail customer base surpassed 20 million, indicating significant growth in customer acquisition[18] - The bank maintained a leading market share of 19.58% in corporate deposits in Shenyang, with a total of RMB 175.1 billion in deposits[138] - The bank's total loans and advances amounted to RMB 547.06 billion, an increase from RMB 457.20 billion in the previous year[118] Strategic Initiatives and Future Outlook - Future outlook and development strategy were discussed, focusing on market expansion and new product development[5.5] - The bank focused on supporting small and micro enterprises, enhancing financing services to address their challenges[18] - The bank's strategic vision emphasizes becoming a "good bank," focusing on supporting the real economy and local development[18] - The company plans to continue optimizing its asset structure and supporting the real economy, which may influence future financial performance[53] Operational Efficiency and Technology - The governance structure was improved with a new leadership team, enhancing decision-making and operational efficiency[18] - The company implemented a structural transformation towards a distributed and open architecture, enhancing flexibility and innovation capabilities[166] - The company emphasized the integration of financial technology across all business processes to enhance user experience and operational efficiency[166] Awards and Recognition - The bank was ranked 143rd in the Global 1000 Banks list by The Banker magazine and 25th among Chinese banks[24] - The bank received multiple awards in 2020, including the "Best Retail Bank" and "Outstanding Retail Bank" accolades[24] Employee and Operational Expenses - Employee compensation expenses rose to RMB 2.83 billion, an increase of RMB 0.37 billion or 15.1% year-on-year, driven by an increase in employee numbers and salary adjustments[72] - Operating expenses increased to RMB 5.05 billion, up RMB 0.42 billion or 9.0% year-on-year, with a cost-to-income ratio of 29.76%, an increase of 8.45 percentage points[70] Digital Banking and Customer Engagement - Online banking customers reached 655,000, with a transaction amount of RMB 71.980 billion, while corporate online banking customers increased by 31% to 41,800, with a transaction amount of RMB 2,107.39 billion[162] - Mobile banking customers totaled 2.7471 million, with a transaction amount of RMB 350.439 billion, marking a 643% increase year-on-year[163] - The bank's credit card center issued a total of 1.5851 million cards, an increase of 481,600 cards or 43.6% compared to the beginning of the year[154] Compliance and Risk Management - Compliance risk management has been strengthened, with a focus on adhering to legal and regulatory requirements, and a comprehensive rectification of various operational aspects has been implemented[180] - The bank has enhanced its liquidity asset reserves and diversified its asset portfolio to increase the safety buffer against liquidity risks[177] - The bank has implemented a country risk management system, ensuring real-time identification and monitoring of country-specific risks across all cross-border asset operations[184]

Financial Performance - Interest income for the first half of 2020 was RMB 20,838,858, a decrease of 6.5% compared to RMB 22,290,578 in the same period of 2019[23] - Net interest income increased by 8.9% to RMB 7,483,342 from RMB 6,872,185 year-on-year[23] - Non-interest income decreased by 27.9% to RMB 2,355,390 from RMB 3,265,397 in the first half of 2019[23] - The bank's operating income for the first half of 2020 was RMB 9.84 billion, a decrease of RMB 298.85 million or 2.9% compared to the same period last year[34] - Net profit for the first half of 2020 was RMB 2.84 billion, down RMB 298.45 million or 9.5% year-on-year[34] - The company's total operating income for the first half of 2020 was RMB 9,838,732, down 2.9% from RMB 10,137,582 in the prior year[200] Asset and Loan Growth - Total assets as of June 30, 2020, reached RMB 1,058,389,284, representing a 3.6% increase from RMB 1,021,480,796 at the end of 2019[24] - Total loans and advances increased by 12.2% to RMB 512,774,537 from RMB 457,202,375 year-on-year[24] - As of June 30, 2020, the total amount of loans and advances issued by the company reached RMB 512.77 billion, up RMB 55.57 billion or 12.2% year-on-year, accounting for 48.4% of total assets, an increase of 3.6 percentage points[80] - The company's corporate loans (including bill discounting) amounted to RMB 449.28 billion, an increase of RMB 49.59 billion or 12.4%, representing 87.7% of total loans and advances[82] - Personal loans increased to RMB 63.50 billion, up RMB 5.99 billion or 10.4%, accounting for 12.3% of total loans, a decrease of 0.3 percentage points[82] Non-Performing Loans and Risk Management - The non-performing loan ratio rose to 2.49% from 1.75% at the end of 2019, an increase of 0.74 percentage points[25] - The provision coverage ratio decreased to 130.07% from 160.90% year-on-year, a decline of 30.83 percentage points[25] - The impairment provision for loans and advances was RMB 16.59 billion, an increase of RMB 3.72 billion or 28.8% compared to the end of the previous year, reflecting prudent risk management practices[85] - The bank has strengthened its risk management framework, implementing more prudent risk classification standards[32] - The bank's risk management system has been enhanced, leading to a more prudent classification of loans and improved asset quality[99] Interest Income and Expenses - Interest income decreased by RMB 1.45 billion or 6.5% year-on-year, while interest expenses fell by RMB 2.06 billion or 13.4%[35] - The average interest rate on interest-earning assets was 4.83%, a slight decrease from 4.98% in the previous year[41] - The average interest rate on interest-bearing liabilities was 3.14%, down from 3.35% year-on-year[42] - Total interest expenses for the first half of 2020 were RMB 13.356 billion, a decrease of RMB 2.063 billion or 13.4% year-on-year, due to optimized funding costs[54] Capital Adequacy and Financial Stability - The core Tier 1 capital adequacy ratio and Tier 1 capital adequacy ratio were both 11.52%, while the overall capital adequacy ratio was 14.37% as of June 30, 2020[33] - The company maintained a capital adequacy ratio of 14.37% as of June 30, 2020, which is still compliant with regulatory requirements despite a decrease of 0.17 percentage points from the previous year[109] - The company's total liabilities as of June 30, 2020, were RMB 1,000.00 billion, reflecting a stable financial position[77] Deposits and Funding - As of June 30, 2020, total deposits amounted to RMB 641.71 billion, a slight increase of RMB 2.79 billion or 0.04% compared to the end of 2019[93] - Corporate deposits decreased by RMB 59.49 billion, while personal deposits increased by RMB 69.49 billion, indicating a shift towards a more stable funding base[93] - The proportion of individual deposits to total deposits increased to 43.9% from 33.1% year-on-year, highlighting a growing retail banking segment[94] Employee and Operational Management - The total number of employees was 6,307[188] - In the first half of 2020, a total of 39,732 employee training sessions were conducted, focusing on compliance management, risk control, marketing, and practical operations[188] - Employee compensation expenses for the first half of 2020 were RMB 1.264 billion, an increase of RMB 170 million or 15.5% year-on-year, due to the recruitment of experienced professionals and improved incentive mechanisms[69] Shareholder Information - The total number of shares as of June 30, 2020, is 8,796,680,200, with 72.01% being domestic shares and 26.61% being H shares[160] - China Evergrande Group holds 3,201,680,000 shares, representing 49.59% of the total domestic shares and 36.40% of the total equity[165] - The bank's strategy for 2020 includes focusing on deposit growth and enhancing customer retention through product and service innovation[159] Future Outlook and Strategic Goals - Shengjing Bank aims to continue its strategic vision of becoming a good bank while navigating challenges in the second half of 2020[28] - The bank plans to support small and micro enterprises by providing precise financial services in line with national policy directions[159] - The bank's future outlook emphasizes resilience and potential for growth despite global economic uncertainties due to the COVID-19 pandemic[159]

Financial Performance - Interest income for 2019 was RMB 44,944 million, a 5.0% increase from RMB 42,805 million in 2018[9] - Net interest income rose to RMB 16,350 million, reflecting a significant increase of 31.7% compared to RMB 12,418 million in the previous year[9] - Net fee and commission income surged by 84.4% to RMB 1,155 million from RMB 627 million in 2018[9] - Total operating income reached RMB 21,007 million, marking a 32.2% increase from RMB 15,885 million in 2018[9] - Operating profit increased by 10.9% to RMB 6,143 million, up from RMB 5,539 million in the previous year[9] - Net profit for 2019 was RMB 5,438 million, a 6.1% increase from RMB 5,126 million in 2018[9] - The pre-provision profit totaled RMB 16.376 billion, an increase of RMB 4.436 billion, or 37.1% year-on-year[22] - Non-interest income reached RMB 4.657 billion, a year-on-year increase of RMB 1.190 billion, or 34.3%[22] Asset and Liability Management - Total assets reached RMB 1,021,480,796, a 3.7% increase from RMB 985,432,940 in 2018[11] - Total liabilities increased by 1.5% to RMB 942,358,811 from RMB 928,403,456 in 2018[11] - The total amount of loans and advances issued rose by 21.4% to RMB 457,202,375 from RMB 376,597,360 in 2018[11] - Customer deposits totaled RMB 641.43 billion, marking a significant increase of 24.8% from the beginning of the year[21] - The company's total liabilities amounted to RMB 942.36 billion, which is a 1.5% increase compared to the start of the year[21] - The total amount of loans and advances issued by the company was RMB 457.20 billion, reflecting a growth of 21.4% year-on-year[21] Risk Management - Shengjing Bank aims to enhance its risk management strategies to mitigate potential financial risks[6] - The company emphasized comprehensive risk management, embedding risk control throughout its business processes[15] - The company has strengthened credit risk control, focusing on asset quality management and recovery of non-performing assets[108] - The bank continuously improved its operational risk management framework, focusing on system, process, and personnel management to maintain operational risk at a reasonable level[158] - The bank enhanced market risk management by employing various quantitative methods such as sensitivity analysis and Value at Risk (VaR) to ensure market risk remains within acceptable limits[161] Capital Adequacy - The core tier 1 capital adequacy ratio improved significantly to 11.48% in 2019, up from 8.52% in 2018, an increase of 2.96 percentage points[13] - Total capital adequacy ratio was 14.54%, an increase of 2.68 percentage points year-on-year, positioning the company at a leading level among urban commercial banks[23] - The company successfully raised RMB 18 billion through the issuance of 3 billion shares, enhancing its core Tier 1 capital[14] - The company plans to issue perpetual capital bonds with a total principal amount of up to RMB 9 billion, pending necessary approvals[190] Shareholder Information - The largest shareholder, Evergrande Nanchang, holds 3,201,680,000 shares, representing 36.40% of the total shares[192] - The second-largest shareholder, Shenyang Hengxin, owns 479,836,334 shares, which is 5.45% of the total[192] - The total percentage of shares held by the top ten domestic shareholders is 62.63%[192] - The company’s shareholding structure has changed significantly due to the issuance, impacting the overall ownership percentages[186] Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming fiscal year[6] - The strategic vision for 2020 is centered around becoming a "good bank," with a commitment to overcoming challenges and pursuing growth[15] - The company is focused on structural adjustments and business optimization to sustain growth in interest income and improve profitability metrics[39] - The company has initiated a retail banking transformation, focusing on building a specialized retail credit operating system and a diversified channel platform[83] Operational Efficiency - The cost-to-income ratio decreased to 21.31% in 2019 from 24.13% in 2018, a reduction of 2.82 percentage points[11] - The company focused on optimizing its organizational structure and performance compensation system to enhance operational efficiency[14] - The bank's trade finance business achieved a settlement volume of USD 29.90 billion, reflecting a 112% increase, with intermediary income rising to RMB 27.8 million, up 134%[131] Compliance and Regulatory Matters - The bank maintains a "high standard, zero tolerance" approach to compliance risk management, enhancing its compliance management system to effectively identify and manage compliance risks[167] - The bank has not engaged in any significant related party transactions that adversely affected its operational results or financial status during the reporting period[175] - There were no major lawsuits or arbitration matters that significantly impacted the bank's operations during the reporting period[176]