资料显示，晋商银行总行设在山西太原，2008年12月30日经中国银监会批准由太原市商业银行更名， 2009年2月28日正式挂牌成立，并于2019年7月18日在香港交易所上市。 人民财讯3月15日电，国家金融监督管理总局山西监管局发布批复显示，监管已同意晋商银行收购清徐 晋商村镇银行，承接其资产、负债、业务和员工，并设立晋商银行清徐梗阳西街支行。 ...

(责任编辑:何潇) 【大河财立方消息】2月12日消息,中国人民银行朔州市分行近日披露多则行政处罚决定信息,其中,晋商 银行朔州分行因存在提供虚假的或隐瞒重要事实的统计资料的违法行为,被处罚款约31.98万元。 ...

Group 1 - The Shuo Zhou branch of Jinshang Bank was fined a total of 60,000 yuan for inadequate execution of the loan "three checks" system and internal control management deficiencies [1][2] - The branch was ordered to rectify its practices by the National Financial Supervision Administration [1] - The former head of the Shan Yin branch, Lü Jiafu, received a lifetime ban from working in the banking industry [2] Group 2 - The former office director of the Shuo Zhou branch, Guo Yong, was given a warning as a penalty for his role in the infractions [3]

Financial Performance - As of June 30, 2024, total assets reached RMB 370.86 billion, with deposits at RMB 290.23 billion and loans at RMB 202.02 billion[26]. - Net interest income increased by 9.4% to RMB 2,218.8 million compared to RMB 2,028.3 million in the previous year[27]. - Pre-tax profit slightly increased by 0.5% to RMB 1,046.6 million compared to RMB 1,041.0 million[27]. - Net profit attributable to equity holders decreased by 0.4% to RMB 1,030.4 million from RMB 1,034.1 million[27]. - For the six months ended June 30, 2024, the company's operating income decreased by 1.7% to RMB 2,786.7 million from RMB 2,834.7 million for the same period in 2023[39]. - The average return on total assets decreased by 0.05 percentage points to 0.56%, while the average return on equity fell by 0.53 percentage points to 8.22%[39]. - The company's trading gains turned negative, with a net loss of RMB 98.9 million compared to a gain of RMB 172.2 million in the prior year[39]. - The total operating income for the first half of 2024 was RMB 2,786.7 million, a slight decrease from RMB 2,834.7 million in the same period of 2023[139]. Asset Quality - Non-performing loan ratio increased to 1.85% from 1.78%[29]. - The total amount of non-performing loans was RMB 3,746.9 million as of June 30, 2024, with a non-performing loan rate of 1.85%[130]. - The company reported a significant increase in the NPL ratio for corporate loans primarily due to difficulties faced by coal mining and coking enterprise clients[128]. - The NPL ratio for personal loans decreased from 2.54% as of December 31, 2023, to 1.93% as of June 30, 2024, with the NPL balance declining from RMB 809.6 million to RMB 638.6 million[128]. - The total amount of loans under special mention increased to RMB 10,134.2 million, accounting for 5.0% of total loans, up by RMB 3,036.5 million[115]. - The group has implemented various measures to recover non-performing loans, including direct collection and legal actions against borrowers[123]. Capital and Liquidity - Capital adequacy ratio stands at 11.59%, while the core tier 1 capital adequacy ratio is 9.78%[26]. - The liquidity coverage ratio decreased to 225.27% from 242.06%[31]. - The bank's provisions for impairment losses on loans and advances increased to RMB 7,414.2 million from RMB 6,780.7 million at the end of 2023[138]. - The capital reserve stood at RMB 6,627.6 million, representing 26.2% of total equity as of June 30, 2024[109]. - The total core tier 1 capital amounted to RMB 25,298.2 million, an increase from RMB 24,802.6 million at the end of 2023[140]. Strategic Development - The bank is advancing its 2021-2025 strategic development plan, focusing on safety, regional service, and supporting local economies[26]. - The bank's strategic vision includes strengthening corporate services, refining retail banking, and optimizing inclusive finance[26]. - The bank is focusing on enhancing financial services for the real economy, particularly in supporting manufacturing upgrades and strategic emerging industries[36]. - The bank aims to maintain a stable financial environment while exploring specialized operational paths to achieve high-quality development[37]. - The bank is actively implementing its 2021-2025 strategic plan while adapting to external environmental changes to enhance its market adaptability[155]. Digital Transformation - The bank is enhancing its digital banking capabilities through online, mobile, and WeChat banking services, creating an integrated financial service model[26]. - The bank has implemented a digital transformation strategy to broaden the depth and breadth of financial services[37]. - The focus of the digital transformation includes enhancing customer service, operational management, data governance, and technological support[173]. - The company has established a digital technology platform, including data middle platform and artificial intelligence capabilities[173]. Customer Service and Market Position - The bank has achieved full coverage of branches across 11 prefecture-level cities in Shanxi Province, operating 152 business outlets[26]. - The bank has been recognized with multiple awards, including "Most Competitive National Brand of Chinese City Commercial Banks" and "Most Beloved Bank in Shanxi Province"[26]. - The number of retail banking customers increased from 3,313.0 thousand as of December 31, 2023, to 3,410.4 thousand as of June 30, 2024[163]. - The bank aims to enhance its private banking brand and develop a differentiated service model for high-net-worth individuals[163]. Shareholder Information - The total issued share capital of the company as of June 30, 2024, is 5,838,650,000 shares, comprising 4,868,000,000 domestic shares and 970,650,000 H shares[174]. - Domestic state-owned shares account for 20.25% of the total share capital, while domestic legal person shares account for 34.52%[175]. - The top three shareholders hold a combined total of 1,982,000,686 shares, representing 34.53% of the total share capital[177]. - The largest shareholder, Shanxi Guoyun, indirectly holds 1,212,220,564 domestic shares, accounting for 20.76% of the bank's equity[183]. Governance and Management - The company appointed Mr. Wang Qi as an executive director and vice president, effective from July 25, 2024, after obtaining regulatory approval[198]. - The company’s chairman, Ms. Hao Qiang, has over 29 years of banking experience and has been with the company since September 2008[200]. - The company’s board of directors is actively working on filling the vacancy of independent non-executive director following the resignation of Mr. Sai Zhiyi[197]. - The company is focused on maintaining compliance with the Hong Kong Listing Rules regarding board composition and qualifications[199].

Financial Performance - Interest income for the six months ended June 30, 2024, was RMB 5,997.3 million, an increase of 4.9% from RMB 5,718.4 million in the same period of 2023[4]. - Net interest income rose by 9.4% to RMB 2,218.8 million compared to RMB 2,028.3 million in the previous year[4]. - Net profit for the six months ended June 30, 2024, was RMB 1,029.4 million, a slight decrease of 0.3% from RMB 1,033.0 million in the same period of 2023[5]. - For the six months ended June 30, 2024, the company's operating income decreased by 1.7% to RMB 2,786.7 million from RMB 2,834.7 million for the same period in 2023[19]. - The pre-tax profit for the six months ended June 30, 2024, was RMB 1,046.6 million, while the net profit was RMB 1,029.4 million, remaining relatively stable compared to the previous year[19]. - The total operating income for the first half of 2024 was RMB 2,786.7 million, slightly down from RMB 2,834.7 million in the same period of 2023[100]. Asset and Liability Management - Total assets increased by 2.6% to RMB 370,863.1 million from RMB 361,305.0 million as of December 31, 2023[6]. - The bank's total liabilities increased by 2.7% to RMB 345,557.2 million from RMB 336,492.2 million as of December 31, 2023[6]. - Total equity increased by 2.0% to RMB 25,305.9 million as of June 30, 2024, from RMB 24,812.8 million as of December 31, 2023, mainly due to retained earnings from net profit[77]. - The issued bonds increased by 15.1% to RMB 25,114.7 million as of June 30, 2024, compared to RMB 21,825.9 million as of December 31, 2023, due to adjustments in the asset-liability structure[75]. - Customer deposits reached RMB 298,635.2 million as of June 30, 2024, reflecting a 3.6% increase from RMB 288,250.4 million as of December 31, 2023, driven by enhanced service levels for individual clients[73]. Credit Quality and Risk Management - Non-performing loan ratio increased to 1.85% from 1.78% as of December 31, 2023[8]. - The company's credit impairment losses decreased by 6.0% from RMB 859.5 million to RMB 808.2 million, attributed to a reduction in provisions for financial investments and credit commitments[47]. - The group’s non-performing loans (NPLs) reached RMB 3,746.9 million, up RMB 334.6 million from December 31, 2023, with an NPL ratio of 1.85%, an increase of 0.07 percentage points[81]. - The bank has established a comprehensive credit risk management system to identify, measure, monitor, and control credit risks associated with corporate and personal loans, as well as financial market operations[106]. - The bank is committed to enhancing its risk management framework, focusing on credit management and digital transformation in risk monitoring[105]. Income Sources and Expenses - Fee and commission income decreased by 23.5% to RMB 331.3 million from RMB 433.3 million in the same period of 2023[4]. - The trading income net amount showed a significant decline of 157.4% to RMB (98.9) million compared to the previous year[18]. - The investment securities income net amount increased by 40.6% to RMB 352.5 million, indicating a positive trend in this segment[18]. - Operating expenses decreased by 3.1% from RMB 950.3 million for the six months ended June 30, 2023, to RMB 920.4 million for the six months ending June 30, 2024, as the company implemented cost reduction strategies[41]. - The cost-to-income ratio (excluding taxes and surcharges) improved from 32.06% to 31.54% during the same period, indicating that the reduction in operating expenses outpaced the decline in operating income[41]. Loan Portfolio and Growth - Net loans and advances reached RMB 195,681.9 million, up from RMB 185,609.7 million, reflecting a growth of 5.8%[52]. - Corporate loans amounted to RMB 130,396.7 million, representing an 8.4% increase from RMB 120,284.4 million, driven by enhanced financial services to the real economy[54]. - Personal loans grew by 4.1% to RMB 33,110.8 million from RMB 31,819.7 million, supported by digital transformation and product innovation[57]. - The total amount of loans and advances issued was RMB 202,018.9 million as of June 30, 2024, an increase from RMB 191,436.1 million as of December 31, 2023[80]. - The total amount of overdue loans as of June 30, 2024, was RMB 4,246.9 million, accounting for 2.1% of the total loans, unchanged from December 31, 2023[95]. Strategic Initiatives and Future Outlook - The company is committed to enhancing financial services for the real economy, focusing on supporting manufacturing upgrades and strategic emerging industries[16]. - The company plans to enhance support for the real economy and explore specialized operational paths to achieve high-quality development[17]. - The company aims to maintain a stable operational approach while ensuring systemic risk is not breached, contributing to the financial development in Shanxi[17]. - The company plans to continue investing in projects with better returns while managing costs effectively[46]. - The bank is committed to maintaining a balance between prudent risk management and stable loan growth, guided by macroeconomic conditions and regulatory policies[106].

Financial Performance - Jinshang Bank reported a total revenue of RMB 5.2 billion for the fiscal year 2023, representing a year-on-year increase of 12%[6]. - The bank's net profit attributable to shareholders reached RMB 1.8 billion, up 15% compared to the previous year[6]. - The bank's net profit attributable to the bank's equity holders was RMB 2.00 billion, a 9.0% increase from the previous year[16]. - The average return on equity increased to 8.31% in 2023 from 8.07% in 2022, reflecting a 0.24 percentage point improvement[19]. - The company's pre-tax profit increased by 9.6% from RMB 1,856.3 million in 2022 to RMB 2,033.9 million in 2023[60]. - The net profit for the year ended December 31, 2023, was RMB 2,000.6 million, with cash dividends of RMB 583.9 million distributed to shareholders[86]. - The total operating income for 2023 was RMB 5,802.2 million, an increase from RMB 5,260.2 million in 2022[108]. - The total amount of social financing at the end of 2023 was RMB 378 trillion, a year-on-year increase of 9.5%[25]. Asset and Liability Management - As of the end of 2023, Jinshang Bank's total assets reached RMB 361.3 billion, with a year-on-year increase of 7.4%[18]. - The bank's capital adequacy ratio stands at 12.5%, above the regulatory requirement, indicating a strong financial position[6]. - The total amount of normal loans was RMB 180,926.1 million, an increase of RMB 5,828.1 million from 2022, representing 94.5% of total loans and advances[90]. - The total amount of non-performing loans was RMB 3,412.3 million, an increase of RMB 58.4 million from 2022, with a non-performing loan ratio of 1.78%, a decrease of 0.02 percentage points from the previous year[90]. - The total amount of corporate loans was RMB 120,284.4 million, an increase from RMB 109,512.0 million in 2022[92]. - The total liabilities as of December 31, 2023, amounted to RMB 336,492.2 million, a 7.5% increase from RMB 313,065.9 million as of December 31, 2022, mainly driven by the growth in deposit absorption[81]. Customer Growth and Market Expansion - User data indicates a growth in customer accounts by 20%, totaling 1.5 million active accounts by the end of 2023[6]. - The bank plans to expand its market presence by opening 10 new branches in key urban areas in 2024[6]. - The number of retail banking customers increased from 3,164.0 thousand to 3,313.0 thousand, reflecting the bank's expanding market presence[129]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[188]. Digital Transformation and Technology Investment - Investment in new technology and digital banking solutions increased by 25%, with a focus on enhancing customer experience[6]. - The bank is focused on enhancing its digital banking services, including online and mobile banking platforms[15]. - The company has implemented a digital transformation strategy focused on enhancing customer experience and building deep customer management capabilities[137]. - The company has established a new mobile banking platform and remote video banking services as part of its digital transformation efforts[137]. Risk Management and Compliance - The bank has established a comprehensive credit risk management system to identify, measure, monitor, and control credit risks associated with corporate and personal loans[113]. - The bank continues to enhance its market risk management framework, focusing on interest rate and exchange rate risks, with regular stress testing and reporting to senior management[115]. - The bank has implemented policies to manage liquidity risk, ensuring timely access to sufficient funds to meet payment obligations[116]. - The bank actively implements a clawback system for performance-based compensation in cases of regulatory violations or excessive risk exposure[198]. Strategic Initiatives and Future Outlook - Future guidance estimates a revenue growth of 10-15% for 2024, driven by increased lending and service fees[6]. - The bank is exploring potential mergers and acquisitions to enhance its market position and service offerings[6]. - The company is focusing on new product development, with an investment of $50 million in R&D for innovative technologies[172]. - The company plans to launch two new products in Q3 2024, expected to contribute an additional $100 million in revenue[173]. Employee and Governance Structure - As of December 31, 2023, the total number of employees reached 4,429, with 2,392 female employees and 2,037 male employees, and 20.7% of employees are aged 30 or below[194]. - The bank has established a comprehensive training program focusing on financial trends and business strategies, aiming to support long-term development[194]. - The company has a structured compensation management framework, with a nomination and remuneration committee responsible for overseeing salary distribution[195]. - The board consists of 12 directors, including 2 executive directors and 5 independent non-executive directors[155].

Financial Performance - For the year ended December 31, 2023, Jinshang Bank reported interest income of RMB 11,614.9 million, an increase of 8.3% from RMB 10,728.8 million in 2022[3]. - Net interest income rose by 17.9% to RMB 4,236.2 million, compared to RMB 3,593.0 million in the previous year[3]. - The bank's net profit for 2023 was RMB 2,000.6 million, reflecting a 9.0% increase from RMB 1,835.4 million in 2022[5]. - The operating revenue for 2023 reached RMB 5.80 billion, an increase of RMB 540 million year-on-year[16]. - Total operating income for 2023 reached RMB 5,802.2 million, a 10.3% increase from RMB 5,260.2 million in 2022[101]. - The company's net profit for the year ended December 31, 2023, increased by 9.0% to RMB 2,000.6 million from RMB 1,835.4 million in 2022[20]. - The company's total comprehensive income for 2023 was RMB 2,043,033 thousand, up from RMB 1,779,928 thousand in 2022, reflecting a growth of approximately 15%[146]. Asset and Liability Management - Total assets increased by 7.4% to RMB 361,305.0 million, up from RMB 336,419.5 million in 2022[6]. - The bank's total liabilities increased by 7.5% to RMB 336,492.2 million, compared to RMB 313,065.9 million in 2022[6]. - The total amount of deposits as of December 31, 2023, reached RMB 288,250.4 million, marking a 13.6% increase from RMB 253,770.9 million as of December 31, 2022[73]. - The total amount of loans and advances issued by the group was RMB 191,436.1 million, a slight increase from RMB 186,051.9 million as of December 31, 2022[83]. - The total amount of bond investments reached RMB 71,561.6 million as of December 31, 2023, a 26.2% increase compared to December 31, 2022, due to optimized asset-liability structure[126]. Credit Quality and Risk Management - The non-performing loan ratio improved slightly to 1.78% from 1.80% in the previous year[8]. - The provision coverage ratio was 198.71%[16]. - The company's non-performing loan (NPL) ratio for corporate loans decreased from 2.52% as of December 31, 2022, to 2.16% as of December 31, 2023, with the NPL balance reducing from RMB 2,759.5 million to RMB 2,602.7 million[91]. - The total amount of non-performing loans as of December 31, 2023, was RMB 3,412.3 million, with a total NPL ratio of 1.78%[92]. - The company plans to enhance credit support for the real economy while actively managing non-performing loans through improved collection efforts[82]. Capital Adequacy and Financial Ratios - The bank's capital adequacy ratio rose to 13.17%, an increase of 0.77% from 12.40% in 2022[9]. - The core tier 1 capital ratio as of December 31, 2023, was 11.14%, up 0.64 percentage points from 10.50% at the end of 2022[104]. - The leverage ratio decreased to 5.92% as of December 31, 2023, down 0.10 percentage points from 6.02% at the end of 2022[104]. - The cost-to-income ratio improved slightly from 39.93% in 2022 to 38.94% in 2023, indicating better operational efficiency[44]. Operational Efficiency and Expenses - Operating expenses increased by 7.4% from RMB 2,186.7 million in 2022 to RMB 2,348.4 million in 2023, primarily due to rising labor costs and other general and administrative expenses[44]. - Labor costs rose by 8.0% from RMB 1,326.8 million in 2022 to RMB 1,432.4 million in 2023, with significant increases in social insurance and pensions by 21.1%[45][46]. - The net commission and fee income decreased by 4.2% from RMB 734.0 million to RMB 702.9 million, with total commission and fee income dropping by 8.1%[39]. Strategic Initiatives and Future Outlook - The company plans to focus on high-quality development and digital transformation in 2024, emphasizing structural reforms in financial supply[18]. - The company aims to enhance its risk management framework and compliance standards to ensure stable growth[17]. - The organization is undergoing a transformation to strengthen its operational capabilities and improve the overall quality of its workforce[17]. - The company has implemented a digital transformation strategy focused on enhancing customer experience and operational management, including the launch of a new mobile banking app and remote video banking services[130]. Governance and Compliance - The company has adopted the corporate governance code as per the Hong Kong Listing Rules, maintaining high standards of transparency and accountability[133]. - The board consists of 12 members, including 2 executive directors and 5 independent non-executive directors, ensuring compliance with governance standards[134]. - The company has confirmed compliance with the securities trading standards for directors and supervisors during the reporting period[138]. Market and Economic Context - In 2023, China's GDP grew by 5.2% year-on-year, reaching RMB 12.61 trillion[14]. - The total retail sales of consumer goods in China for 2023 amounted to RMB 4.71 trillion, reflecting a year-on-year growth of 7.2%[14]. - The total fixed asset investment in China for 2023 was RMB 5.03 trillion, with high-tech industry investment growing by 10.3%[14].

Financial Performance - Jinshang Bank reported a net profit of RMB 1.2 billion for the first half of 2023, representing a year-on-year increase of 15%[1]. - The bank's return on equity (ROE) for the first half of 2023 was reported at 12%, an increase from 10% in the same period last year[1]. - The bank has set a target for a 10% increase in net profit for the full year 2023, supported by strategic initiatives and market expansion[1]. - The bank's net profit attributable to equity holders rose by 6.4% to RMB 1,034.1 million from RMB 972.3 million in the previous year[17]. - As of June 30, 2023, the net profit was RMB 1.033 billion, a year-on-year increase of 6.5%[26]. - The pre-tax profit for the six months ended June 30, 2023, was RMB 1,041.0 million, reflecting a 6.8% increase from RMB 974.5 million in the previous year[61]. - The total operating income for the group reached RMB 2,834.7 million, an increase from RMB 2,569.8 million in the previous period[124]. Asset and Liability Management - The bank's total assets reached RMB 150 billion, up 10% compared to the same period last year[1]. - Total assets reached RMB 341,982.9 million, a 1.7% increase from RMB 336,419.5 million at the end of 2022[18]. - Total liabilities increased by 1.6% to RMB 318,120.4 million from RMB 313,065.9 million at the end of 2022[18]. - The bank's total equity increased by 2.2% to RMB 23,862.5 million from RMB 23,353.6 million at the end of 2022[18]. - Cash and deposits with the central bank amounted to RMB 16,793.1 million, accounting for 30.8% of total assets as of June 30, 2023[84]. Loan and Deposit Growth - Customer deposits grew by 12% to RMB 120 billion, indicating strong customer confidence and market position[1]. - The bank's total deposits increased to RMB 272.16 billion, marking a growth of 7.2%[24]. - The net amount of loans and advances issued increased from RMB 180,905.8 million as of December 31, 2022, to RMB 188,883.3 million as of June 30, 2023[65]. - Corporate loans reached RMB 116,809.5 million as of June 30, 2023, a 6.7% increase from RMB 109,512.0 million as of December 31, 2022[68]. - Personal loans amounted to RMB 30,484.3 million as of June 30, 2023, representing a 5.8% increase from RMB 28,806.8 million as of December 31, 2022[71]. Non-Performing Loans and Credit Quality - The non-performing loan ratio improved to 1.5%, down from 1.8% in the previous year, reflecting better asset quality management[1]. - Non-performing loan ratio improved to 1.72% from 1.80% at the end of 2022[19]. - The total amount of non-performing loans across all categories was RMB 3,341.4 million, with a non-performing loan ratio of 1.72% as of June 30, 2023[107][109]. - The overdue loans decreased by 10.2% from RMB 3,725.1 million as of December 31, 2022, to RMB 3,346.3 million as of June 30, 2023[117]. - The company continues to optimize its risk management system, focusing on reducing non-performing loans and enhancing recovery efforts[99]. Digital Transformation and Technology Investment - The bank is investing RMB 200 million in technology upgrades to improve digital banking services and customer experience[1]. - A new mobile banking app is set to launch in Q3 2023, aimed at increasing user engagement and transaction volume[1]. - The bank's digital transformation initiatives included the launch of the upgraded mobile banking 5.0, enhancing customer experience[25]. Corporate Governance and Management - The bank has established a robust corporate governance structure, ensuring clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and senior management[195]. - The bank's governance practices align with the Hong Kong Listing Rules, maintaining high standards of transparency and accountability[191]. - The management team includes experienced individuals, with the CEO appointed on September 30, 2022, and several vice presidents appointed in 2022[180]. Shareholder Structure and Capital Management - As of June 30, 2023, the total issued share capital was 5,838,650,000 shares, including 4,868,000,000 domestic shares and 970,650,000 H shares[151]. - The top ten domestic shareholders held a total of 3,816,909,682 shares, accounting for 65.39% of the total share capital[154]. - The company is actively involved in the capital market, with a focus on maintaining a robust shareholder structure[167]. Consumer Rights and Complaints Management - In the first half of 2023, the bank received a total of 152 consumer complaints, a decrease of 28 complaints compared to the same period in 2022, maintaining a resolution rate of 100%[197]. - The bank's consumer rights protection initiatives included 76 product reviews, resulting in 186 suggestions that were fully adopted by relevant departments[196]. - The bank conducted internal training sessions for 139 employees to enhance consumer rights protection knowledge and skills[197].

Financial Performance - Interest income for the six months ended June 30, 2023, was RMB 5,718.4 million, an increase of 9.5% from RMB 5,220.7 million in the same period of 2022[6]. - Net interest income rose by 20.7% to RMB 2,028.3 million, compared to RMB 1,680.2 million in the previous year[6]. - Total operating income increased by 10.3% to RMB 2,834.7 million, up from RMB 2,569.8 million in the prior year[6]. - Net profit attributable to equity holders of the bank was RMB 1,034.1 million, reflecting a growth of 6.4% from RMB 972.3 million in the same period last year[7]. - For the six months ended June 30, 2023, the company's pre-tax profit increased by 6.8% to RMB 1,041.0 million from RMB 974.5 million for the same period in 2022[18]. - The net profit for the same period rose by 6.5% to RMB 1,033.0 million, compared to RMB 970.4 million in the previous year[18]. Asset Quality - The non-performing loan ratio improved to 1.72% from 1.80% year-on-year, indicating better asset quality[9]. - The non-performing loan ratio decreased to 1.72%, down by 0.08 percentage points from the beginning of the year[14]. - The non-performing loan ratio decreased to 1.72% as of June 30, 2023, down by 0.08 percentage points from 1.80% as of December 31, 2022[74]. - The non-performing loan ratio for corporate loans decreased from 2.52% to 2.26% due to active recovery measures and improved performance of some corporate clients[85]. - Personal loans' non-performing loan ratio increased from 2.06% to 2.29%, with total non-performing loans rising from RMB 594.4 million to RMB 698.0 million, attributed to economic changes and real estate sector downturns[85]. Capital and Liquidity - The bank's capital adequacy ratio stood at 12.45%, up from 12.40% at the end of 2022, demonstrating a stable capital position[9]. - The net stable funding ratio was reported at 133.90%, indicating a strong liquidity position[10]. - The total equity increased by 2.2% to RMB 23,862.5 million from RMB 23,353.6 million, attributed to the increase in retained earnings from net profit[72]. - The company's leverage ratio was 6.05%, an increase of 0.03 percentage points from 6.02% as of December 31, 2022, remaining above the regulatory minimum of 4%[99]. Loans and Advances - The bank's total assets reached RMB 341,982.9 million, with net loans and advances amounting to RMB 188,883.3 million, marking a 1.7% increase in total assets[8]. - The total amount of loans and advances issued was RMB 194,385.1 million as of June 30, 2023, compared to RMB 186,051.9 million as of December 31, 2022[90]. - The total amount of corporate loans increased from RMB 109,512.0 million as of December 31, 2022, to RMB 116,809.5 million as of June 30, 2023[78]. - The total amount of personal loans reached RMB 30,484.3 million, an increase of 5.8% from RMB 28,806.8 million as of December 31, 2022[55]. Interest Income and Expense - Interest income from loans and advances increased by 5.7% to RMB 4,068.6 million for the six months ended June 30, 2023, from RMB 3,850.1 million for the same period in 2022[24]. - Interest expense increased by 4.2% to RMB 3,690.1 million for the six months ended June 30, 2023, from RMB 3,540.5 million for the same period in 2022[30]. - Interest expense on deposits rose by 16.4% to RMB 3,143.3 million for the six months ended June 30, 2023, from RMB 2,699.6 million for the same period in 2022[31]. Operating Expenses - Operating expenses increased by 9.2% from RMB 870.3 million for the six months ended June 30, 2022, to RMB 950.3 million for the six months ended June 30, 2023[40]. - Personnel costs increased by 2.2% from RMB 529.3 million for the six months ended June 30, 2022, to RMB 541.0 million for the six months ended June 30, 2023[41]. - Other general and administrative expenses rose by 53.1% from RMB 124.4 million for the six months ended June 30, 2022, to RMB 190.5 million for the six months ended June 30, 2023[46]. Risk Management - Risk management measures are being strengthened to ensure safe development and compliance with major regulatory policies[16]. - The company has established a comprehensive risk management system, focusing on credit risk, market risk, liquidity risk, operational risk, information technology risk, reputation risk, and strategic risk[100]. - The company actively monitors loan quality and optimizes asset preservation management, establishing a specialized asset preservation department to enhance recovery efficiency[101]. Strategic Initiatives - The company focused on increasing credit investment in traditional manufacturing upgrades and strategic emerging industries[14]. - The company is enhancing its marketing capabilities through initiatives targeting new customer acquisition and improving customer manager performance[15]. - The company is focusing on digital transformation, enhancing customer-centric products and upgrading mobile banking services[16]. Shareholder Returns - The net profit for the period was RMB 1,034,158 thousand, contributing to an overall comprehensive income of RMB 1,092,707 thousand[140]. - The company reported a total dividend of RMB 583.9 million for the fiscal year 2022, with a final dividend of RMB 10.0 per 100 shares[128]. - The company does not recommend paying an interim dividend for the six months ending June 30, 2023[128].

Financial Performance - Jinshang Bank reported a total revenue of RMB 1.2 billion for the fiscal year ending December 31, 2022, representing a year-on-year increase of 15%[2]. - The bank's net profit attributable to shareholders reached RMB 300 million, up 10% compared to the previous year[3]. - Net interest income for 2022 was RMB 3,593.0 million, a slight increase of 1.1% from RMB 3,554.0 million in 2021[8]. - The net profit for the year was RMB 1.84 billion, an increase of RMB 160 million compared to the previous year[18]. - The pre-tax profit rose by 9.7% to RMB 1,856.3 million in 2022, compared to RMB 1,691.8 million in 2021[21]. - The net profit attributable to equity holders was RMB 1,838.4 million, representing a 9.1% increase from RMB 1,685.6 million in 2021[8]. - The total operating income for the year ended December 31, 2022, was RMB 5,390.7 million, with the Taiyuan region contributing 84.1% of the total[99]. - The total operating income for the company was RMB 5,260.2 million, a slight decrease from RMB 5,390.7 million in 2021[114]. Asset and Liability Management - Total assets increased by 10.9% to RMB 336,419.5 million in 2022, up from RMB 303,291.5 million in 2021[10]. - Total liabilities rose by 11.4% to RMB 313,065.9 million in 2022, from RMB 281,133.9 million in 2021[10]. - The bank's capital adequacy ratio stands at 12%, above the regulatory requirement, ensuring financial stability[10]. - The capital adequacy ratio stood at 12.40% in 2022, up from 12.02% in 2021[12]. - The liquidity coverage ratio decreased to 208.87% in 2022, down from 322.30% in 2021[13]. - The net stable funding ratio was 128.32% in 2022, compared to 138.32% in 2021[15]. - The total amount of loans and advances issued reached RMB 186,051.9 million as of December 31, 2022, compared to RMB 155,740.5 million as of December 31, 2021[55]. Loan and Deposit Growth - User data indicated a growth in customer deposits, which increased by 20% to RMB 50 billion during the reporting period[4]. - Total deposits amounted to RMB 248.43 billion, reflecting a growth of 27.2%[18]. - Total loans reached RMB 186.05 billion, with a year-on-year increase of 19.5%[18]. - The total deposits absorbed by the group reached RMB 253,770.9 million as of December 31, 2022, a 27.4% increase from RMB 199,207.2 million in 2021[74]. - The total personal deposit amount reached RMB 120,002.2 million, an increase of 27.3% year-over-year[117]. Non-Performing Loans and Risk Management - The bank's non-performing loan ratio improved to 1.5%, down from 1.8% in the previous year, reflecting better asset quality management[7]. - The non-performing loan ratio improved to 1.80% in 2022, down from 1.84% in 2021[14]. - The total amount of non-performing corporate loans was RMB 2,759.5 million as of December 31, 2022, with an overall NPL ratio of 2.52%[85]. - The total non-performing loans (NPLs) amounted to RMB 3,353.9 million as of December 31, 2022, with a non-performing loan ratio of 1.80%, up from 1.84% as of December 31, 2021[89][90]. - The group aims to enhance credit risk management by leveraging advanced information technology systems and big data[104]. - The group has established a comprehensive credit risk management system to identify, measure, monitor, and control risks associated with its lending operations[104]. Strategic Initiatives and Market Expansion - The bank plans to expand its market presence by opening 10 new branches in key urban areas in 2023[5]. - The bank is exploring potential acquisition opportunities to enhance its service offerings and market share in the region[11]. - A strategic acquisition of a fintech startup is in progress, aimed at enhancing digital service offerings and customer engagement[160]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[159]. - The bank has initiated a strategic partnership with a fintech company to leverage advanced analytics for risk management[9]. Digital Transformation and Technology Investment - Jinshang Bank is investing RMB 100 million in the development of new digital banking technologies to enhance customer experience[6]. - The bank is focusing on digital transformation and has established a digital finance department to enhance online services and customer experience[19]. - The company is investing 50 million in technology upgrades to improve operational efficiency and customer experience[158]. Governance and Management Structure - The bank's board consists of 12 members, including 2 executive directors, 5 non-executive directors, and 5 independent non-executive directors[143]. - The supervisory board is composed of 9 members, including 3 employee supervisors, 3 shareholder supervisors, and 3 external supervisors[146]. - The company emphasizes the importance of corporate governance and compliance with the Company Law of China[172]. - The company has established a risk management committee and an audit committee to oversee financial operations and internal controls[168]. Employee and Compensation Management - The total number of employees reached 4,402, with 27.9% aged 30 or below and 88.3% holding a bachelor's degree or higher[191]. - The bank's performance bonus distribution is strictly linked to performance evaluation results, focusing on seven dimensions including risk management and compliance[194]. - The bank's employee compensation includes fixed salaries, variable pay, and allowances, with social insurance and other benefits provided according to Chinese laws[193]. - The company has a structured approach to compensation for its senior management, ensuring transparency and adherence to regulatory requirements[190]. Future Outlook and Guidance - Future guidance suggests a targeted revenue growth of 12% for the upcoming fiscal year, driven by increased lending activities[8]. - The company has set a future outlook with a revenue guidance of 1.5 billion for the next fiscal year, indicating a growth target of 25%[157].