2024年，徽商银行有效扩大资产规模、优化业务结构、提升资产质量、全力做好金融"五篇大文章"， 积极服务地方经济发展，主要经营指标实现新跃升。 数据显示，2024年末，徽商银行资产总额突破2万亿元，较上年末增长近11.5%。2024年，该行实现营业 收入371.28亿元，同比增幅2.1%；实现净利润159.17亿元，同比增幅6.18%。 2025年，徽商银行将迎来正式挂牌成立二十周年。 徽商银行表示，将坚持金融工作政治性、人民性，扎实做好金融"五篇大文章"，持续推进"九大提升工 程"走深走实，深化转型发展，增强专业能力，奋勇争先进位，全力搭建"大资负""大风控""大科技"管理体 系，高质量实现"打造优秀地方主流银行"的战略目标。 同时，徽商银行加强负债成本管控，推动内外部定价精细化，截至2024年末，该行计息负债平均成本率 较年初下降14BP，其中，客户存款平均成本率较上年下降9个BP，负债成本管控成效显现。 年报显示，2024年 徽商银 行 积极应对低利率市场环境，加快个人金融业务转型步伐，坚持做大个人金融 资产规模，持续发力核心个人客户存款拓展，实现了个人客户存款的较快增长和市场份额的有效提升。截 至20 ...

中西部第一大城商行规模迈上新台阶。 2025年3月27日晚间，徽商银行正式发布2024年度业绩报告。年报显示，截至2024年末，该行总资产规 模达2.01万亿元，成为中西部地区首家资产规模超2万亿的城商行。存贷余额实现双增，其中贷款余额 首次超过万亿。 徽商银行坚持服务实体经济、防控金融风险，交出了一份经营实力显著提升、风险防线持续筑牢、服务 地方成效显著的高质量发展答卷。 财报数据显示，2024年徽商银行营业收入持续增长，净利润达到159亿元，在中国银行业百强排行榜中 居于第24位，全球银行1000强排名第112位，较上年提升11位。 经营实力跃升：多项业务量质齐升 资产规模突破2万亿大关，标志着徽商银行的综合实力迈入新量级。 年报数据显示，截至2024年末，徽商银行总资产达2.01万亿元，较上年末增长11.49%；存款余额1.14万 亿元，贷款余额突破1万亿元，同比分别增长11.65%和14.64%。盈利能力方面，全年实现营业收入 371.28亿元，同比增长2.1%，实现净利润159.17亿元，同比增长6.18%，从2021年开始连续4年保持净利 润正增长。 徽商银行稳健增长的背后，是该行立足金融科技"价 ...

Financial Performance - The total assets of the company reached RMB 2,013,753 million, an increase of 11.49% compared to the previous year[28]. - The total customer loans and advances amounted to RMB 1,002,166 million, growing by 14.64% year-on-year[28]. - The operating income for 2024 was RMB 37,128 million, reflecting a 2.10% increase from 2023[24]. - The net profit attributable to shareholders was RMB 15,414 million, representing a 6.80% increase compared to the previous year[24]. - The basic earnings per share increased to RMB 1.05, up by 5.00% from RMB 1.00 in 2023[24]. - The non-performing loan ratio improved to 0.99%, down from 1.26% in the previous year[21]. - The capital adequacy ratio rose to 13.72%, an increase of 0.51% from the previous year[21]. - The total liabilities increased to RMB 1,852,086 million, reflecting an 11.61% growth year-on-year[24]. - The company ranked 24th among the top 100 banks in China, improving by 11 positions from the previous year[28]. - The company achieved an "A" rating in the 2023 annual performance evaluation by the Anhui Provincial Finance Department in November 2024[15]. Awards and Recognition - The company received multiple awards in 2024, including being ranked 146th in the "Global Bank Brand Value 500" list by The Banker magazine[13]. - The company was recognized as a "Top 10 Outstanding Examples of Science and Technology Finance" by the Anhui Provincial Financial Society[14]. - The company was awarded the "Outstanding Financial Consumer Rights Protection Case" by the China Banking and Insurance News in March 2024[12]. - The company was recognized as the "Best Cooperative Bank" by the Anhui Equity Custody Trading Center in July 2024[13]. - The company was awarded the "Outstanding Organization Award" for its reading activity themed "Building Dreams Together" by the Anhui State-owned Assets Supervision and Administration Commission[13]. - The company was awarded the "2024 Annual Financial Innovation Excellence Institution" by the Banker magazine in November 2024[15]. Customer and Market Growth - The number of mobile banking customers exceeded 10 million, with a 90.7% increase in online service scenarios[34]. - Personal financial assets surpassed RMB 820 billion, with a growth of 15.9%[33]. - The balance of inclusive finance loans for small and micro enterprises was RMB 154.4 billion, ranking first among peers in Anhui Province[32]. - The company’s "Transaction APP" won the "Digital Financial Innovation Case" award in 2024[14]. - The company signed cooperation agreements with over 4,200 enterprises under the "Common Growth Plan" initiative[154]. - The total balance of green loans amounted to RMB 115.88 billion at the end of 2024, an increase of RMB 33.476 billion, marking a growth of 40.62%[157]. Risk Management - The bank's liquidity risk management emphasizes balancing liquidity, safety, and profitability to ensure sufficient funds under both normal and stressed conditions[171]. - The bank has implemented a proactive liquidity risk management strategy, including regular liquidity stress testing to assess its ability to respond to liquidity shocks[173]. - The bank's credit risk management strategy includes optimizing the credit business structure in response to economic conditions and policy guidance[167]. - The bank has integrated large exposure risk management into its overall risk management system to effectively control customer concentration risks[168]. - The bank's operational risk indicators are generally in line with its risk appetite limits, with a focus on high-frequency, low-impact operational risk events[170]. Digital Transformation and Innovation - The company is actively promoting digital transformation and innovation in international business, launching several mobile products to improve cross-border financial services[135]. - The company implemented 89 software development projects throughout the year, enhancing customer service capabilities and digital risk management[184]. - The bank is focusing on enhancing digital transformation in credit risk management to improve the overall risk management framework[167]. - The bank is accelerating digital transformation, launching various digital financial platforms and applications, including the "Huiyin Treasury" and AI-based services[200]. Corporate Social Responsibility - The company conducted over 5,900 consumer rights protection education and publicity activities, reaching more than 50.72 million consumers[189]. - The company is actively promoting green credit and supporting low-carbon economy initiatives[188]. - The company is focused on enhancing its corporate culture to align with its strategic development goals[187].

上述关于延长A股发行方案和授权议案有效期的事项已经该行董事会审议通过，并拟提交该行股东大会 审议批准。该行将适时向该行股东寄发载有(其中包括)上述议案资料的股东大会通函及通告。 智通财经APP讯，徽商银行(03698)发布公告，A股发行方案已于2018年股东周年大会上以特别决议案方 式获审议通过，并已分别于2019年股东周年大会、2020年股东周年大会、2021年股东周年大会、2022年 股东周年大会及2023年股东周年大会上以特别决议案方式审议通过将A股发行方案的有效期先后延长12 个月。鉴于A股发行方案载明的12个月有效期将于2025年6月29日届满，为确保A股发行工作能继续开 展，该行拟将A股发行方案的有效期自紧随原有效期届满后次日起延长12个月。A股发行方案的其他内 容保持不变。 授权办理A股发行具体事宜的议案已于2018年股东周年大会上以特别决议案方式获审议通过，并已分别 于2019年股东周年大会、2020年股东周年大会、2021年股东周年大会、2022年股东周年大会及2023年股 东周年大会上以特别决议案方式审议通过将授权议案的有效期先后延长12个月。鉴于授权议案载明的12 个月有效期将于2025 ...

Core Viewpoint - Huishang Bank has been recognized as the "Annual Social Responsibility Leading Bank" by Economic Observer, marking another achievement in the ESG field after being listed in multiple ESG rankings in 2024 [1] Group 1: ESG Initiatives - In 2024, Huishang Bank issued the first sustainable development-linked loan of 100 million yuan to support the steel industry in Anhui, showcasing its commitment to green finance and ecological protection [2] - The bank has established a comprehensive green finance product system, including green loans, bonds, and investment services, to support various green industries [2] - By the end of 2024, the bank's green loan balance reached 115.88 billion yuan, a 40.6% increase from the beginning of the year, with significant credit provided to the new energy vehicle industry [3] Group 2: Inclusive Finance - Huishang Bank launched the first "fund flow" loan for small and micro enterprises in Anhui, providing nearly 4 million yuan in credit to alleviate financing pressures [4] - The bank has developed a comprehensive product system for inclusive finance, including online credit loan products aimed at small and micro enterprises, enhancing their financing coverage [4] - By the end of 2024, the bank's inclusive loans for small and micro enterprises totaled 154.399 billion yuan, benefiting over 267,000 business entities [4] Group 3: Community Engagement - The bank organized a senior square dance competition to promote community engagement and enhance the well-being of the elderly [5] - Huishang Bank has implemented various initiatives to address the financial needs of both the elderly and children, including the launch of the "Huigrowth" brand for children's financial services [5] Group 4: Corporate Governance - Huishang Bank ranked 112th in the global bank 1000 list for 2024, improving by 11 places from the previous year, and 22nd among Chinese banks [6][7] - The bank integrates ESG principles into its corporate governance, enhancing operational quality and sustainability [7] - The bank has created a robust governance structure, focusing on decision-making mechanisms and standardizing grassroots party organization construction [7] Group 5: Future Outlook - Huishang Bank plans to continue adhering to ESG principles, innovate financial services, and enhance management quality to support local economic development [8]

Financial Performance - Operating income for the first half of 2024 reached RMB 20,692 million, a 4.57% increase from RMB 19,788 million in the same period of 2023[29]. - Pre-tax profit for the first half of 2024 was RMB 10,183 million, reflecting a 3.06% growth compared to RMB 9,881 million in the first half of 2023[29]. - Net profit for the first half of 2024 amounted to RMB 8,986 million, up 5.90% from RMB 8,486 million in the same period last year[29]. - Profit attributable to shareholders for the first half of 2024 was RMB 8,631 million, representing a 6.53% increase from RMB 8,102 million in the first half of 2023[29]. - For the first half of 2024, the company reported a net profit attributable to shareholders of RMB 8.63 billion, an increase of 6.39% compared to RMB 8.10 billion in the same period of 2023[40]. Assets and Liabilities - Total assets as of June 30, 2024, reached RMB 1,928.11 billion, reflecting a growth of 6.75% from RMB 1,806.14 billion at the end of 2023[37]. - As of June 30, 2024, the total liabilities of the company amounted to RMB 1,773.46 billion, an increase of 6.87% compared to the end of the previous year[81]. - The total customer deposits reached RMB 1,121.09 billion, representing a growth of 9.89% from the end of 2023, accounting for 63.21% of total liabilities[82]. - The total investment amounted to RMB 741.13 billion, representing 38.44% of total assets, up from 38.06% at the end of 2023[71]. Loan and Credit Quality - Customer loans and advances totaled RMB 954.55 billion, up 9.19% from RMB 874.22 billion at the end of 2023[37]. - The non-performing loan ratio improved to 1.14%, down from 1.26% at the end of 2023[38]. - The company's loans amounted to RMB 628.37 billion, which is 65.83% of total customer loans and advances[69]. - The company’s normal loans amounted to RMB 934.50 billion, representing 97.90% of total loans as of June 30, 2024[87]. - The company reported a decrease in the NPL ratio from 1.26% in December 2023 to 1.14% in June 2024[91]. Income and Expenses - The company's net interest income for the first half of 2024 was RMB 14.69 billion, a decrease of 3.01% from RMB 15.14 billion in the same period of 2023[41]. - Non-interest income for the first half of 2024 was RMB 6.006 billion, an increase of RMB 1.360 billion or 29.27% year-on-year, driven by increases in trading and financial investment income[56]. - Operating expenses for the first half of 2024 totaled RMB 4.980 billion, an increase of RMB 112 million or 2.30% year-on-year[61]. - Impairment losses amounted to RMB 5.700 billion, an increase of RMB 522 million or 10.08% year-on-year[63]. Capital and Ratios - The capital adequacy ratio increased to 13.37% as of June 30, 2024, compared to 13.21% at the end of 2023[34]. - The return on average assets (ROA) for the first half of 2024 was 0.96%, a decrease of 0.06 percentage points from 1.02% in the same period of 2023[32]. - The return on equity (ROE) improved to 13.75% for the first half of 2024, compared to 12.52% for the full year of 2023[32]. Employee and Branch Information - The bank employed 11,979 staff and operated 21 branches and 467 business outlets as of June 30, 2024[27]. Market Position and Brand Value - Huishang Bank ranked 112th in the "Top 1000 Global Banks" by The Banker magazine, improving by 11 positions from the previous year[27]. - The bank's brand value ranked 146th in the "Top 500 Global Banking Brands," an increase of 6 positions from the previous year[27]. Digital Transformation and Innovation - The company is accelerating the transformation of light capital business, focusing on wealth management as a key driver for retail transformation[116]. - The bank is advancing the digitalization of its operations, focusing on data governance and the integration of business and technology[116]. - The bank has established a data governance framework and is actively developing a data middle platform to improve data management efficiency and support risk management[177]. Green Finance Initiatives - The total balance of green loans reached RMB 106.864 billion, an increase of RMB 24.461 billion, or 29.68% compared to the end of the previous year[147]. - The bank aims to support the economic and social development of Anhui Province through its financial services[182]. - The bank is focusing on digital transformation in credit risk management, implementing a comprehensive digitalization plan across six business areas[155]. Shareholder Information - The total number of ordinary shareholders as of June 30, 2024, was 17,196, with 1,342 holding H shares[187]. - The bank's total ordinary shares stood at 13,889,801,211, with 74.95% being domestic shares and 25.05% H shares[187]. - The largest shareholder is the Deposit Insurance Fund Management Co., Ltd., holding 1,559,000,000 shares, representing 11.22% of the total ordinary shares[191].

Financial Performance - For the first half of 2024, the company reported operating income of RMB 20,692 million, an increase of 4.57% compared to RMB 19,788 million in the same period of 2023[32]. - The pre-tax profit for the first half of 2024 was RMB 10,183 million, reflecting a growth of 3.06% from RMB 9,881 million in the previous year[32]. - The net profit attributable to shareholders for the first half of 2024 reached RMB 8,631 million, up 6.53% from RMB 8,102 million in the same period of 2023[32]. - The bank's net profit for the first half of 2024 was RMB 15,883 million, a decrease from RMB 26,455 million in the full year of 2023[125]. - The bank's net profit for 2023 was RMB 13,526.4 million, with a cash dividend of RMB 1.46 per 10 shares, totaling approximately RMB 2,027.91 million distributed to shareholders[197]. Asset and Loan Growth - Total assets as of June 30, 2024, amounted to RMB 1,928,113 million, representing a 6.75% increase from RMB 1,806,144 million at the end of 2023[34]. - The total customer loans and advances increased to RMB 954,546 million, a rise of 9.19% from RMB 874,223 million at the end of 2023[34]. - Total customer loans and advances amounted to RMB 9,545.46 billion, with a total of RMB 108.72 billion classified as non-performing loans[105]. - The bank's loans to small and micro enterprises amounted to RMB 144.143 billion, a net increase of RMB 13.624 billion, representing a growth rate of 10.44%[161]. - The bank's loans to technology enterprises reached RMB 77.619 billion, with a net increase of RMB 18.059 billion, reflecting a growth rate of 30.32%[161]. Non-Performing Loans and Asset Quality - The non-performing loan ratio improved to 1.14%, down from 1.26% at the end of 2023, indicating better asset quality[35]. - The bank's non-performing loan ratio stood at 1.14%, a decrease of 0.12 percentage points from the end of the previous year[104]. - The total amount of loans classified as normal was RMB 9,344.98 billion, representing 97.90% of total loans as of June 30, 2024[104]. - The bank restructured a total of RMB 56,975.66 million in non-performing loans during the reporting period, a decrease of RMB 5,321.11 million compared to the same period last year[116]. Capital and Liquidity - The capital adequacy ratio as of June 30, 2024, was 13.37%, an increase from 13.21% at the end of 2023, reflecting a stronger capital position[37]. - The liquidity coverage ratio is 327.11%, with qualified liquid assets amounting to RMB 169.235 billion and a net cash outflow of RMB 51.737 billion over the next 30 days[186]. - The net stable funding ratio as of June 30, 2024, is 115.97%, with available stable funding of RMB 119.494 billion and required stable funding of RMB 103.035 billion[186]. Operational Efficiency - The cost-to-income ratio improved to 24.07%, down from 24.60% in the same period last year, indicating better operational efficiency[35]. - The bank's comprehensive strength and operational management have been steadily improving, receiving widespread recognition[29]. - The bank's business continues to develop rapidly, with a coordinated growth in scale, quality, and efficiency[29]. Digital Transformation and Innovation - The company is accelerating its transformation towards light capital business, emphasizing wealth management as a key driver for retail transformation[133]. - The bank's open banking initiative has established 16 standardized products and 219 APIs, facilitating 58.2632 million transactions for 23 external partners[158]. - The bank is committed to improving its digital infrastructure, including the construction of a private cloud and a new generation of wide-area network infrastructure[195]. Risk Management - The bank is focused on enhancing its risk management framework, emphasizing digitalization and comprehensive risk control measures[172]. - The bank aims to improve its risk management capabilities while maintaining asset quality at a competitive level within the industry[172]. - The bank has established a precise risk management policy, incorporating country and environmental risks, and has adjusted risk preference indicators to enhance early warning systems[175]. Customer Service and Satisfaction - The customer satisfaction rate for the bank's customer service center was 99.58%, with a call connection rate of 92.46%[156]. - The bank has signed agreements with 3,874 enterprises under the "Common Growth Plan," with a total credit amount of RMB 55.082 billion[163]. Green Finance Initiatives - As of June 30, 2024, the total balance of green loans reached RMB 106.864 billion, an increase of RMB 24.461 billion, or 29.68% compared to the end of the previous year[166]. - The bank issued the first sustainable development-linked loan for the steel industry in Anhui Province in 2024[166]. - The bank promotes green credit initiatives to support low-carbon economy and rural revitalization, leveraging its professional advantages in finance[200].

Financial Performance - The net profit attributable to shareholders for 2023 was RMB 14,433 million, an increase of 7.73% compared to RMB 13,398 million in 2022[42]. - The total operating income for 2023 was RMB 36,365 million, reflecting a slight increase of 0.37% from RMB 36,230 million in 2022[43]. - The pre-tax profit for 2023 reached RMB 17,657 million, which is a 1.98% increase from RMB 17,315 million in the previous year[43]. - The net profit for 2023 was RMB 14,991 million, showing a growth of 9.56% compared to RMB 13,683 million in 2022[43]. - The basic earnings per share for 2023 was RMB 1.00, up from RMB 0.93 in 2022, marking a 7.53% increase[42]. - The diluted earnings per share also stood at RMB 1.00 for 2023, reflecting the same growth of 7.53% from the previous year[42]. - The year-end net asset value per share was RMB 8.85, an increase of 12.17% from RMB 7.89 in 2022[42]. - The total operating expenses for 2023 were RMB 10.199 billion, an increase of RMB 725 million, representing a growth of 7.65%[83]. - The total profit before impairment for 2023 was RMB 26,455 million, a decrease of 1.93% from RMB 26,977 million in 2022[129]. Asset and Liability Management - Total assets reached RMB 1,806,144 million, an increase of 14.3% compared to RMB 1,580,236 million in 2022[10]. - Total liabilities increased by 13.86% to RMB 1,659,417 million from RMB 1,457,414 million[10]. - The total amount of customer loans and advances reached RMB 874.223 billion, growing by 14.38% year-on-year, accounting for 48.40% of total assets[89]. - The total customer deposits reached RMB 1,020.16 billion, an increase of 14.09% year-on-year, accounting for 61.48% of total liabilities[105]. - The bank's total equity reached RMB 146,727 million, an increase from RMB 122,822 million, marking a growth of 19.5%[107]. - The bank's borrowings from the central bank rose to RMB 138.09 billion, up from RMB 82.91 billion, reflecting an increase of 66.67%[104]. Risk Management - The non-performing loan ratio improved to 1.26%, down from 1.49% in the previous year[48]. - The capital adequacy ratio increased to 13.21% from 12.02% in 2022, indicating a stronger capital position[49]. - The bank's focus on risk management has led to a decrease in the amount of substandard loans, which fell to RMB 56.96 million from RMB 24.42 million, reflecting improved asset quality[109]. - The bank's provision for loan impairment decreased to RMB 299.72 billion by the end of 2023, down from RMB 314.21 billion at the beginning of the year[123]. - The bank's non-performing loan (NPL) ratio improved to 1.26%, down by 0.23 percentage points from the previous year[109]. - The bank's credit risk management focuses on maintaining asset quality and enhancing risk management capabilities, with a commitment to prudent and rational risk preferences[172]. Digital Transformation and Innovation - Digital banking initiatives accelerated, with the launch of various financial technology projects, including an internet finance cloud platform[54]. - The company launched 83 financial technology projects, enhancing digital transformation and operational efficiency[60]. - The bank is enhancing its digital infrastructure, including the establishment of a private cloud platform and a new generation wide-area network architecture[187]. - The bank is focusing on the integration of business and technology, achieving significant results in key project promotion and customer experience optimization[187]. - The bank's IT personnel account for 5.51% of the total workforce, with 640 employees dedicated to information technology[186]. Customer and Market Engagement - The number of core enterprise customers increased by 110% year-on-year, while upstream and downstream customer numbers grew by 146%[143]. - The bank's cash management signed customer count reached 10,908, a growth of 26.06% year-on-year, with annual transaction volume reaching RMB 6.4 trillion, up 28.26%[143]. - The cumulative effective credit card count was 2.4375 million, with a transaction volume of RMB 33.315 billion and revenue of RMB 989 million for the year[149]. - The personal wealth management business scale reached RMB 182.695 billion, with high-net-worth customers numbering 96,600 and total wealth customers at 975,600[147]. - The bank's debit card holdings reached 19.7789 million cards, with an annual increase of 1.6316 million cards, and card deposits grew by 11.02% year-on-year to RMB 231.876 billion[148]. Awards and Recognition - The company received multiple awards in 2023, including recognition for its mobile banking app's potential development in the Yangtze River Delta region[40]. - The company was awarded for its innovative risk management case in the financial services sector in 2023[41]. - The company achieved a top five ranking in a national competition for its intelligent voice technology application in customer service[41]. Economic and Market Context - The overall economic environment in China showed stability with a GDP growth of 5.2% in 2023, contributing to the bank's performance[136]. - Anhui's GDP reached CNY 4.71 trillion in 2023, growing by 5.8%, which is 2.3 percentage points higher than the previous year and 0.6 percentage points above the national average[200]. - The province's industrial added value increased by 7.5% year-on-year, with fixed asset investment growing by 4%, and manufacturing investment surging by 20%[200]. - The total import and export volume in Anhui rose by 7.8%, indicating robust trade activity[200].

Bank Overview - Huishang Bank's registered capital reached RMB 13,889,801,211 as of the end of 2023[37]. - The bank was established through the merger of multiple regional banks and credit cooperatives, officially starting operations on January 1, 2006[37]. - The bank's headquarters is located in Hefei, Anhui Province, China[37]. - The bank's financial license was approved by the former China Banking Regulatory Commission[37]. - The bank's major operating location in Hong Kong is at 40th Floor, Daxin Financial Center, 248 Queen's Road East, Wanchai[35]. - The bank's H-shares were listed on the Hong Kong Stock Exchange on November 12, 2013, with stock code 3698[37]. - The bank is not subject to supervision by the Hong Kong Monetary Authority and is not authorized to operate banking or deposit-taking businesses in Hong Kong[2]. - The bank's official website is www.hsbank.com.cn, providing contact information and further details[35]. Financial Performance - Operating revenue for 2023 reached RMB 36,365 million, a slight increase of 0.37% compared to RMB 36,230 million in 2022[47]. - Net profit for 2023 was RMB 14,991 million, representing a growth of 9.56% from RMB 13,683 million in 2022[47]. - Total assets as of December 31, 2023, amounted to RMB 1,806,144 million, an increase of 14.30% from RMB 1,580,236 million in 2022[49]. - Customer loans and advances totaled RMB 874,223 million, reflecting a growth of 14.38% compared to RMB 764,309 million in 2022[49]. - Customer deposits reached RMB 1,020,158 million, up 14.09% from RMB 894,156 million in the previous year[49]. - Basic earnings per share for 2023 were RMB 1.00, a 7.53% increase from RMB 0.93 in 2022[48]. - The non-performing loan ratio improved to 1.26% in 2023, down from 1.49% in 2022[51]. - The capital adequacy ratio increased to 13.21% in 2023, compared to 12.02% in 2022[51]. - The return on average assets (ROA) for 2023 was 0.89%, a decrease from 0.92% in 2022[50]. Awards and Recognition - The bank ranked 123rd in the "Top 1000 World Banks" and 152nd in the "Top 500 Bank Brands" by The Banker magazine in 2023[38]. - The bank was listed 253rd in the "China Top 500" and 352nd in the "China Listed Companies Top 500" rankings[38]. - The bank was recognized as one of the top 40 companies with the highest net profit margin among the "China Listed Companies Top 500," ranking 25th[38]. - The bank received multiple awards in 2023, including recognition as one of the top 10 state-owned enterprises in tax contributions in Anhui Province[39]. - The bank was awarded for its excellent data quality in the personal credit system by the People's Bank of China in August 2023[42]. - The bank's project "Housekeeper e-Account" was recognized as one of the top five in the national digital banking innovation application competition[43]. - The bank received the "Outstanding Service Case Award" for its intelligent voice technology application in account management[43]. - The bank was acknowledged as an advanced unit in financial business and financial enterprise financial statements work by the Anhui Provincial Finance Department[43]. Digital Transformation and Technology - The company plans to continue expanding its digital supply chain financial services and enhance customer engagement through new technology initiatives[46]. - The company launched 83 financial technology projects, enhancing digital transformation and operational efficiency[60]. - The bank has initiated a new generation data warehouse project and is constructing an enterprise-level metadata information library to improve data service efficiency[184]. - The bank is building a secure and efficient digital infrastructure, including a private cloud platform and a new generation wide area network architecture, to support business development[185]. - The bank processed over 3,000 consumer rights protection reviews and conducted more than 140 training sessions, covering over 23,400 personnel, while reaching over 40 million consumers through 5,600 educational activities[189]. Risk Management - The company has implemented a comprehensive risk management framework focusing on maintaining asset quality and enhancing risk management capabilities[171]. - The company has strengthened market risk management by strictly enforcing market risk limits and enhancing the ability to identify and manage market risks[172]. - The company emphasizes the importance of ensuring sufficient liquidity while pursuing profitability growth and value creation[175]. - The company has conducted liquidity risk stress tests, showing that liquidity risk remains within a controllable range under various stress scenarios[176]. - The bank actively enhances its foreign exchange risk management through qualitative and quantitative analyses, employing hedging, limit management, and Value at Risk (VaR) calculations to control potential losses within acceptable limits[179]. - The bank's compliance risk management system is robust, with a three-line defense mechanism and a dual reporting system to ensure effective oversight and control of compliance risks[181]. Customer Engagement and Services - The bank's customer complaints increased by 20.19% year-on-year, totaling 2,423 complaints, primarily related to credit card, personal loan, account management, and internet loan services[189]. - The bank aims to enhance its financial services to support the high-quality development of the real economy, focusing on key areas such as modern industrial systems, technological innovation, and green development[192]. - The bank is committed to supporting the development of small and micro enterprises, aiming to stabilize the economy and reduce financing costs[188]. - The bank's focus on key sectors such as infrastructure, green finance, and advanced manufacturing has led to a robust growth in loans to these areas[138]. Economic Context - The macroeconomic environment in China showed a stable growth rate of 5.2% in 2023, with total economic output exceeding RMB 126 trillion[135]. - The global economic growth is expected to slow down in 2024 due to tightening monetary policies and weak global trade, according to the World Bank[190].

Financial Performance - Operating income for the first half of 2023 was RMB 19,788 million, an increase of 3.52% compared to RMB 19,115 million in the same period of 2022[26]. - Pre-tax profit rose to RMB 9,881 million, reflecting a 15.76% increase from RMB 8,536 million year-on-year[26]. - Net profit reached RMB 8,486 million, up 15.69% from RMB 7,335 million in the first half of 2022[26]. - Net profit attributable to shareholders was RMB 8,102 million, an increase of 11.86% compared to RMB 7,243 million in the previous year[26]. - Basic earnings per share attributable to shareholders increased to RMB 0.58, up 11.54% from RMB 0.52 in the same period last year[27]. Assets and Liabilities - As of June 30, 2023, total assets reached RMB 1,732.89 billion, an increase of 9.66% compared to the end of the previous year[36]. - Total liabilities amounted to RMB 1,602.04 billion, reflecting a 9.92% increase from the previous year-end[36]. - Customer deposits reached RMB 1,005.13 billion, marking a 12.41% increase compared to the end of the previous year[36]. - The total amount of customer loans and advances as of June 30, 2023, was RMB 853.124 billion, an increase of 11.62% year-on-year, accounting for 49.23% of total assets[65]. Profitability Ratios - The net interest margin for the first half of 2023 was 1.79%, a decrease of 6 basis points compared to the same period last year[39]. - The cost-to-income ratio improved to 24.60%, down from 26.15% in the previous year[31]. - The capital adequacy ratio stood at 11.80%, slightly down from 12.02% at the end of the previous year[33]. - The non-performing loan ratio improved to 1.32%, down 0.17 percentage points from the end of the previous year[37]. Income Sources - In the first half of 2023, the company achieved interest income of RMB 32.808 billion, an increase of RMB 3.150 billion or 10.62% year-on-year[45]. - The net interest income for the first half of 2023 was RMB 15.142 billion, an increase of RMB 1.408 billion year-on-year[44]. - For the first half of 2023, the company achieved non-interest income of RMB 4.646 billion, a decrease of RMB 735 million or 13.66% year-on-year, primarily due to a reduction in net fee and commission income[53]. Customer and Market Focus - The bank continues to focus on serving local economies and small to medium-sized enterprises, enhancing its comprehensive strength and management level[24]. - The bank's focus on expanding its deposit business has resulted in a significant increase in personal customer deposits, particularly in time deposits[77]. - The company is committed to supporting key areas such as rural revitalization, green finance, and infrastructure, aligning with provincial strategic deployments[105]. Risk Management - The bank's risk management strategy focuses on stabilizing asset quality and enhancing risk management capabilities, with a digital transformation in risk control[130]. - Credit risk remains the primary risk faced by the bank, with ongoing efforts to optimize asset structure and maintain stable asset quality[131]. - The bank has implemented strict risk limit management to control risks in key areas, ensuring a cautious approach to high-risk products[132]. Employee and Management Structure - As of June 30, 2023, the company had a total of 11,163 employees, with 22.77% holding a master's degree or higher[187]. - The company has a focus on creating a professional, inclusive, and diverse work environment, ensuring equal rights for employees in recruitment and promotion[187]. - The company organized 548 training programs covering over 406,000 participants, focusing on digital transformation and professional development as of June 30, 2023[189]. Shareholder Information - As of June 30, 2023, the total number of ordinary shares is 13,889,801,211, with domestic shares accounting for 10,411,051,211 (74.95%) and H shares for 3,478,750,000 (25.05%)[155]. - The top ten ordinary shareholders hold a total of 25.02% of the ordinary share capital, with the largest shareholder being HKSCC NOMINEES LIMITED, holding 3,475,267,358 shares (25.02%)[156]. - The company has no controlling shareholder or actual controller as of June 30, 2023[155]. Legal and Compliance Matters - The company has established a comprehensive risk management system to enhance operational risk management capabilities and prevent systemic risks[150]. - The company has implemented a revised related party transaction management system in accordance with the latest regulatory requirements[154]. - The bank emphasized anti-money laundering efforts, enhancing employee training and optimizing the anti-money laundering management system[146].