Financial Performance - Net interest income for 2023 reached RMB 9,281,969 thousand, an increase of 11.99% compared to RMB 8,288,314 thousand in 2022[4] - Total operating income was RMB 12,481,351 thousand, reflecting a growth of 7.14% from RMB 11,649,255 thousand in the previous year[4] - Net profit attributable to shareholders of the parent company increased by 15.11% to RMB 3,548,599 thousand, up from RMB 3,082,775 thousand in 2022[4] - The bank's pre-tax profit increased by 25.43% to RMB 3,933,397 thousand from RMB 3,135,959 thousand in 2022[4] - Basic earnings per share rose by 26.67% to RMB 0.57, compared to RMB 0.45 in the previous year[4] - The company achieved a net profit of 3.671 billion yuan in 2023, representing a year-on-year growth of 15.91%[11] - Operating income for 2023 was RMB 12.481 billion, up RMB 832 million, a growth of 7.14%[21] Asset and Liability Management - Total assets as of December 31, 2023, amounted to RMB 607,985,372 thousand, representing a 14.80% increase from RMB 529,613,992 thousand at the end of 2022[5] - The bank's total liabilities increased by 15.22% to RMB 568,046,129 thousand from RMB 493,020,697 thousand in 2022[5] - Total customer deposits reached RMB 395,467,359 thousand, a rise of 13.63% compared to RMB 348,043,307 thousand in the previous year[5] - The company’s total assets showed no significant changes during the reporting period[77] - Total liabilities as of the end of 2023 were RMB 568.05 billion, an increase of RMB 75.03 billion or 15.22% compared to the end of the previous year, driven by market expansion and increased deposit absorption[63] Loan and Deposit Growth - Customer loans totaled RMB 300,089,541 thousand, marking an 11.55% increase from RMB 269,029,452 thousand in 2022[5] - Total customer loans amounted to CNY 300.090 billion, up CNY 31.060 billion, representing an 11.55% growth[15] - Retail deposits amounted to CNY 188.444 billion, up CNY 41.116 billion or 27.91% from the previous year, with a share of 48.81% of total deposits[125] - Corporate deposits reached 197.23 billion yuan, a year-on-year increase of 3.6 billion yuan, with a growth rate of 1.86%[133] Risk Management and Asset Quality - The non-performing loan ratio improved to 1.18%, a decrease of 0.03 percentage points compared to the end of the previous year[11] - The company maintains a loan provision coverage ratio of 225.96%, reflecting strong risk management practices[6] - The company reported a credit impairment loss of RMB 4.01 billion, a decrease from RMB 4.29 billion in the previous year[50] - The coverage ratio for provisions reached 225.96%, up by 6.19 percentage points from the previous year[89] - The company has strengthened its control over credit asset quality, leading to stable growth in credit assets[79] Digital Transformation and Innovation - The bank's digital transformation strategy focuses on online, mobile, and intelligent services to enhance customer experience and operational efficiency[13] - The company launched the mobile banking 8.0 version, enhancing user experience and introducing new features for wealth management[151] - The company initiated 55 new fintech projects and successfully launched 78 projects, a year-on-year increase of 44.44%[149] - The company has established a comprehensive network security risk management system, achieving a change success rate of 99.82%[152] Corporate Governance and Compliance - The company strictly adhered to the corporate governance code as per the Hong Kong Stock Exchange listing rules during the reporting period[178] - There were significant changes in the board of directors, including the appointment of Wu Xianming as the new executive director and president on March 20, 2023[181] - The company confirmed compliance with the standards for securities trading by directors and supervisors during the reporting period[179] Future Outlook and Strategic Focus - In 2024, the economic recovery in China is expected to continue, with policies promoting demand recovery and infrastructure acceleration, contributing to a stable banking environment[172] - The company aims to deepen strategic execution and optimize mechanisms, focusing on high-quality development in Shandong Province and Qingdao City[173] - Key areas of focus for 2024 include solidifying customer bases, enriching product structures, and expanding inclusive finance business scale[175]

股 票 研 究 [Table_industryInfo] 商业银行 [ Table_Main[青I Tnaf 岛bol]e 银_Ti行tle]（ 3866） [评Tab级le_：Inv est] 增持 当前价格（港元）： 2.08 业务结构优化，财富管理特色突出 2024.03.27 海 ——青岛银行首次覆盖报告 [ 交Ta易bl数e_M据a rket] 外 刘源(分析师) 钟昌静(研究助理) 52周内股价区间（港元） 1.84-2.83 当前股本（百万股） 5,820 公 021-38677818 010-83939787 当前市值（百万港元） 12,106 司 liuyuan023804@gtjas.com zhongchangjing028678@gtjas.com 证书编号 S0880521060001 S0880123070141 （ [ Table_PicQuote] 中 本报告导读： 52周内股价走势图 青岛银行扎根山东半岛，资产负债结构优化，财富管理业务特色突出，同时资产质量 国 青岛银行 恒生指数 明显改善，未来发展可期，首次覆盖给予“增持评级”。 香 11% 摘要： 港 4% [T ab ...

Financial Performance - Operating income for Q3 2023 was RMB 3,331,380,000, an increase of 0.58% year-on-year[3]. - Net profit attributable to shareholders for Q3 2023 was RMB 653,034,000, up 13.26% compared to the same period last year[3]. - Basic and diluted earnings per share for Q3 2023 were both RMB 0.07, reflecting a significant increase of 600% year-on-year[3][5]. - For the period from January 1 to September 30, 2023, the net profit reached RMB 3,089,554 thousand, an increase of 16.1% compared to RMB 2,661,051 thousand in the same period of 2022[25]. - The net interest income for the same period was RMB 6,882,595 thousand, up 12.4% from RMB 6,124,360 thousand year-on-year[24]. - The total operating income for the first nine months of 2023 was RMB 9,702,191 thousand, representing a slight increase of 1.9% from RMB 9,523,548 thousand in 2022[24]. - The bank reported a total comprehensive income of RMB 3,777,817 thousand for the first nine months of 2023, compared to RMB 2,888,124 thousand in the same period of 2022, marking a significant increase of 30.8%[26]. Asset and Liability Management - Total assets as of September 30, 2023, reached RMB 581,184,488,000, representing a 9.74% increase from the end of 2022[3]. - Total liabilities increased to RMB 541,977,833,000, a rise of 9.93% compared to the end of 2022[3]. - As of September 30, 2023, total assets reached RMB 581.184 billion, an increase of RMB 51.570 billion or 9.74% compared to the end of the previous year[13]. - The bank's total assets as of September 30, 2023, amounted to RMB 581,184,488 thousand, an increase from RMB 529,613,992 thousand at the end of 2022[30]. - The bank's total liabilities increased to RMB 541,977,833 thousand from RMB 493,020,697 thousand year-on-year[27]. Loan and Deposit Growth - Total customer loans amounted to RMB 297.553 billion, up RMB 28.524 billion or 10.60% year-on-year, accounting for 51.20% of total assets[13]. - Total customer deposits reached RMB 379.246 billion, an increase of RMB 37.899 billion or 11.10% year-on-year, representing 69.97% of total liabilities[13]. - The net increase in deposits absorbed was RMB 37,899,308 thousand, significantly higher than the RMB 18,294,069 thousand recorded in 2022, indicating strong customer deposit growth[33]. Risk Management - The non-performing loan ratio stood at 1.14%, which is below the regulatory limit of 5%[6]. - The non-performing loan ratio improved to 1.14%, a decrease of 0.07 percentage points from the end of the previous year[14]. - The bank's non-performing loan ratio remained stable, with a focus on maintaining asset quality amid market expansion strategies[31]. Capital Adequacy - The capital adequacy ratio as of September 30, 2023, was 12.78%, above the regulatory standard of 10.5%[6]. - The core tier 1 capital adequacy ratio was 8.37%, a decrease of 0.38 percentage points compared to the end of the previous year[14]. - The capital adequacy ratio stood at 12.78%, down 0.78 percentage points from the end of the previous year[14]. - The provision coverage ratio increased to 254.67%, up 34.90 percentage points from the end of the previous year[14]. Cash Flow and Financing Activities - Cash flow from operating activities for the first nine months of 2023 was RMB 7,875,407,000, an increase of 129.94% year-on-year[5]. - For the period from January 1 to September 30, 2023, the net cash flow from operating activities was RMB 7,875,407 thousand, compared to a net outflow of RMB 26,303,719 thousand in the same period of 2022[33]. - The net cash flow from financing activities generated RMB 4,292,856 thousand, a recovery from a net outflow of RMB 448,880 thousand in the previous year[35]. - The bank issued bonds generating cash inflow of RMB 77,207,999 thousand, compared to RMB 61,168,090 thousand in 2022, showing a strong capital raising effort[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,828[16]. - The top ten shareholders held a total of 3,000,000,000 shares, with the largest shareholder, Hong Kong Central Clearing Limited, holding 21.87%[17]. - The company has no outstanding preferred shareholders as of the end of the reporting period[20]. Strategic Focus - The company is focused on enhancing financial services for private and small enterprises, optimizing product offerings, and improving online financing processes[15]. - The company aims to strengthen partnerships with professional guarantee companies and government financing guarantee funds to enhance inclusive financial service channels[15]. - The bank plans to continue its market expansion and enhance its product offerings in the upcoming quarters to drive further growth[31].

Financial Performance - Net interest income for the first half of 2023 reached RMB 4,509,411, an increase of 13.45% compared to RMB 3,974,750 in the same period of 2022[10]. - Non-interest income decreased by 16.78% to RMB 1,861,400 from RMB 2,236,590 year-on-year[10]. - Total operating income for the first half of 2023 was RMB 6,370,811, reflecting a growth of 2.57% from RMB 6,211,340 in the previous year[10]. - Pre-tax profit increased by 19.87% to RMB 2,786,303, up from RMB 2,324,371 in the first half of 2022[10]. - Net profit attributable to shareholders of the parent company rose by 15.72% to RMB 2,335,704 from RMB 2,018,395 year-on-year[10]. - Net profit for the period was CNY 2.41 billion, reflecting a year-on-year growth of CNY 347 million or 16.85%[19]. - Operating income reached 6.371 billion RMB, an increase of 159 million RMB, or 2.57% year-on-year, with a 9.67% increase when excluding the impact of overseas preferred stock redemption[26]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 568,400,907, a growth of 7.32% from RMB 529,613,992 at the end of 2022[11]. - Total liabilities reached RMB 529.61 billion, an increase of RMB 36.59 billion or 7.42% compared to the end of last year[67]. - Customer deposits reached RMB 370,052,195, an increase of 8.41% from RMB 341,347,176 at the end of 2022[11]. - Total customer loans amounted to RMB 288,835,557, increasing by 7.36% from RMB 269,029,452 at the end of 2022[11]. - Shareholders' equity reached RMB 38.79 billion, an increase of RMB 2.19 billion or 6.00% compared to the end of last year[76]. Loan Quality and Risk Management - The non-performing loan ratio improved to 1.14% from 1.21% year-on-year[12]. - The company's credit impairment losses decreased by 12.08% year-on-year, contributing to the steady growth of net profit[25]. - The company maintained a prudent provisioning policy, ensuring compliance with regulatory requirements[94]. - The non-performing loan ratio has continued to decline, achieving the target for asset quality control[156]. - The company strengthened the management of non-performing assets, optimizing disposal strategies and improving operational capabilities[95]. Customer and Market Development - The number of new customer accounts opened reached 23,000, a historical high, with an increase of 1,950 loan accounts, representing a growth of 38.61%[21]. - Retail deposits increased by 20.68 billion RMB, achieving the best level for the same period in history, while personal loan business market share increased steadily[22]. - The company added 8,729 new corporate clients for payroll services, a year-on-year growth of 153.90%[128]. - The number of retail customers reached 8.0725 million, an increase of 362,800 customers or 4.71% from the previous year[127]. Digital Transformation and Innovation - The company implemented a digital transformation strategy, enhancing data governance and improving data quality significantly[23]. - The bank's digital transformation strategy has been upgraded, focusing on product differentiation and intelligent operations[128]. - The company has launched 24 key products during the reporting period, transforming core products from offline to online and from complex to standardized[152]. - The company has implemented a new "Group Intelligent Credit Risk Early Warning Platform" to enhance credit risk assessment and warning capabilities[156]. Governance and Compliance - The company emphasizes the establishment and implementation of an effective internal control system to ensure prudent operations within legal and policy frameworks[186]. - The company has established a comprehensive internal control system covering all business activities, risk management activities, and support activities[187]. - The company did not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital during the reporting period[185]. - The company has not been penalized for violating environmental protection laws and regulations during the reporting period[188]. Strategic Focus and Future Outlook - The company plans to continue focusing on structural adjustments, strengthening customer base, optimizing collaboration, and enhancing capabilities in the second half of the year[23]. - The economic outlook for the second half of the year remains positive, with expectations of continued recovery supported by fiscal and monetary policies aimed at expanding domestic demand[173]. - Key strategies for the second half include accelerating business investment, optimizing liabilities, and enhancing risk management capabilities[175]. - The company aims to enrich its product offerings in inclusive finance and deepen cooperation to strengthen risk control[175].

Financial Performance - Bank of Qingdao reported its unaudited interim results for the six months ended June 30, 2023[1]. - The financial report was reviewed by KPMG according to both Chinese and international review standards[2]. - Net interest income for the first half of 2023 reached RMB 4,509,411 thousand, an increase of 13.45% compared to RMB 3,974,750 thousand in the same period of 2022[10]. - Non-interest income decreased by 16.78% to RMB 1,861,400 thousand from RMB 2,236,590 thousand year-on-year[10]. - Total operating income for the first half of 2023 was RMB 6,370,811 thousand, reflecting a growth of 2.57% from RMB 6,211,340 thousand in the previous year[10]. - The net profit attributable to shareholders of the parent company increased by 15.72% to RMB 2,335,704 thousand, compared to RMB 2,018,395 thousand in the same period last year[10]. - Operating income was RMB 6.37 billion, an increase of RMB 159 million, representing a growth of 2.57% year-on-year; net profit reached RMB 2.41 billion, up RMB 347 million, growing by 16.85%[24]. - The net profit for the reporting period was CNY 2.41 billion, representing a year-on-year growth of 16.85%[16]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 568,400,907 thousand, representing a growth of 7.32% from RMB 529,613,992 thousand at the end of 2022[11]. - Total liabilities reached RMB 529.61 billion, an increase of RMB 36.59 billion or 7.42% compared to the end of last year[67]. - Customer loans totaled RMB 288,835,557 thousand, up 7.36% from RMB 269,029,452 thousand at the end of 2022[11]. - Total customer deposits increased by 8.41% to RMB 370,052,195 thousand from RMB 341,347,176 thousand at the end of 2022[11]. - The bank's equity attributable to shareholders increased to RMB 379.39 billion, reflecting a growth of RMB 21.22 billion or 5.93%[76]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements, which are based on current plans and estimates[2]. - The interim report includes detailed descriptions of major risks and corresponding measures[2]. - The non-performing loan ratio improved to 1.14% from 1.21% at the end of 2022[12]. - The company has established a comprehensive risk warning mechanism for group client credit, ensuring overall credit risk remains controllable[96]. - The company has strengthened its measures for managing non-performing assets, focusing on improving operational capabilities and optimizing disposal strategies[95]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the interim report, with all 13 directors present at the meeting[2]. - The company held an extraordinary shareholders' meeting on February 10, 2023, with a participation rate of 64.81%[177]. - The annual shareholders' meeting on May 31, 2023, had a participation rate of 68.80% and approved eight proposals, including the financial statements for 2022[178]. - The company is committed to modernizing its corporate governance system to achieve high-quality development[176]. Strategic Initiatives - The company is committed to green credit initiatives, focusing on energy-saving and environmental protection projects[6]. - The bank's strategic focus for 2023-2025 includes enhancing customer engagement and improving operational efficiency[17]. - The company plans to continue focusing on structural adjustments, enhancing customer base, and improving collaboration capabilities in the second half of the year[23]. - The company aims to optimize its asset-liability structure in response to currency fluctuations and macroeconomic conditions[167]. Digital Transformation - The company has initiated the construction of a new generation distributed core system to support its three-year strategic plan and digital transformation[152]. - The company has launched 24 key products during the reporting period, transforming core products from offline to online and from complex to standardized[152]. - The company has made significant progress in digital infrastructure construction, optimizing data governance and enhancing data quality control[152]. Community Engagement - The bank organized 404 community "Party Building + Volunteer" activities, reaching over 34,000 participants[190]. - The bank's "Qingxin" consumer protection brand continued to lead financial education efforts during the reporting period[191]. Compliance and Legal Matters - The company has not been penalized for violating environmental protection laws and regulations during the reporting period[188]. - The company has not been involved in any criminal investigations or faced criminal penalties during the reporting period[198]. - There are no major administrative penalties imposed by regulatory authorities on the company or its executives[198].

Financial Performance - Operating income for Q1 2023 reached RMB 3,089,260, an increase of 15.32% compared to RMB 2,678,811 in Q1 2022[2] - Net profit attributable to shareholders was RMB 910,066, reflecting a growth of 15.83% from RMB 785,669 in the same period last year[2] - Basic earnings per share for Q1 2023 was RMB 0.16, up 6.67% from RMB 0.15 in Q1 2022[2] - The company's net profit attributable to shareholders for Q1 2023 was RMB 910 million, representing a year-on-year increase of 15.83%[13] - The net interest income for Q1 2023 was RMB 2.20 billion, up 14.67% year-on-year[13] - Total comprehensive income for Q1 2023 was RMB 944,366 thousand, compared to RMB 720,344 thousand in Q1 2022, representing a growth of 31.1%[23] - Net profit for Q1 2023 was RMB 947,175 thousand, up 18.9% from RMB 796,803 thousand in Q1 2022[23] Cash Flow and Liquidity - The net cash flow from operating activities was RMB 5,931,055, a significant increase of 137.66% compared to a negative cash flow of RMB 15,750,164 in Q1 2022, primarily due to increased deposits[4] - Cash flow from operating activities for Q1 2023 was RMB 5,931,055 thousand, a significant improvement compared to a cash outflow of RMB 15,750,164 thousand in Q1 2022[28] - The cash and cash equivalents increased by RMB 4,671,504 thousand during the first quarter of 2023, while there was a decrease of RMB 17,002,739 thousand in the first quarter of 2022[29] - The net increase in cash and cash equivalents as of March 31, 2023, was RMB 16,180,501 thousand, compared to RMB 25,850,629 thousand as of March 31, 2022[29] Assets and Liabilities - Total assets as of March 31, 2023, amounted to RMB 552,287,242, representing a 4.28% increase from RMB 529,613,992 at the end of 2022[2] - Total liabilities increased by 4.41% to RMB 514,749,581 from RMB 493,020,697 at the end of 2022[2] - The bank's total assets as of March 31, 2023, amounted to RMB 552,287,242 thousand, an increase from RMB 529,613,992 thousand as of December 31, 2022[24] - The bank's equity attributable to shareholders increased to RMB 36,723,569 thousand as of March 31, 2023, from RMB 35,816,312 thousand at the end of 2022[25] Asset Quality - The non-performing loan ratio was 1.14%, a decrease from 1.21% at the end of 2022, indicating improved asset quality[5] - The non-performing loan ratio as of March 31, 2023, was 1.14%, a decrease of 0.07 percentage points from the end of 2022[13] - The bank's non-performing loan ratio improved to 1.5% as of March 31, 2023, compared to 1.7% at the end of 2022[24] Capital Adequacy - The capital adequacy ratio stood at 13.27% as of March 31, 2023, slightly down from 13.56% at the end of 2022[5] - The capital adequacy ratio stood at 13.27% as of March 31, 2023, down 0.29 percentage points from the end of 2022[8] - The core tier 1 capital adequacy ratio was 8.61%, a decrease of 0.14 percentage points from the end of 2022[8] Customer Loans and Deposits - As of March 31, 2023, total customer loans amounted to RMB 283.19 billion, an increase of 5.26% from the end of 2022[7] - Total customer deposits reached RMB 357.73 billion, reflecting a growth of 4.80% compared to the end of 2022[7] - Customer deposits increased to RMB 364,923,271 thousand as of March 31, 2023, from RMB 348,043,307 thousand at the end of 2022, reflecting a growth of 4.5%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,412[15] - The top shareholder, Hong Kong Central Clearing (Agent), held 21.87% of the shares, totaling 1,272,956,224 shares[16] - The second-largest shareholder, Italy's UniCredit Bank, held 17.50% of the shares, totaling 1,018,562,076 shares[16] Business Initiatives - The company launched new products such as "Fast Loan with Housing Mortgage" and "Fast Loan with Guarantee" to enhance financing accessibility for small and micro enterprises[14] - The company is focused on improving the efficiency of business processing and has implemented a time-limited approval process for different business categories[14] - The company expanded its loan issuance, with corporate loans increasing by 7.55% year-on-year[7] - The outstanding loans to private enterprises amounted to RMB 72.32 billion, an increase of RMB 0.0562 billion or 0.78% compared to the end of the previous year[14] - The balance of inclusive small and micro loans reached RMB 28.261 billion, increasing by RMB 1.136 billion or 4.19% from the end of the previous year[14]

Financial Performance - Net interest income for 2022 was RMB 8,288,314 thousand, an increase of 8.41% compared to RMB 7,645,625 thousand in 2021[16] - Non-interest income decreased by 3.77% to RMB 3,360,941 thousand from RMB 3,492,748 thousand in the previous year[16] - Total operating income rose by 4.59% to RMB 11,649,255 thousand, up from RMB 11,138,373 thousand in 2021[16] - Operating expenses increased by 7.73% to RMB (4,218,441) thousand compared to RMB (3,915,738) thousand in 2021[16] - Profit before tax decreased by 2.77% to RMB 3,135,959 thousand from RMB 3,225,410 thousand in 2021[16] - Net profit for 2022 was RMB 3,167,525 thousand, reflecting a growth of 5.82% from RMB 2,993,213 thousand in 2021[16] - Profit attributable to shareholders of the parent company increased by 5.48% to RMB 3,082,775 thousand from RMB 2,922,664 thousand in the previous year[16] - Basic and diluted earnings per share were both RMB 0.45, a decrease of 11.76% from RMB 0.51 in 2021[16] - The company maintained a dividend distribution of RMB 0.16 per share, unchanged from the previous year[16] Assets and Liabilities - Total assets as of December 31, 2022, reached RMB 529.61 billion, a 1.41% increase from RMB 522.25 billion in 2021[17] - The bank's total liabilities reached RMB 493.02 billion, a slight increase of 0.84% from RMB 488.92 billion in 2021[17] - Customer loans totaled RMB 269.03 billion, reflecting a 10.17% growth compared to RMB 244.21 billion in the previous year[17] - Customer deposits amounted to RMB 341.35 billion, an 8.87% increase from RMB 313.52 billion in 2021[17] - The non-performing loan ratio improved to 1.21%, down from 1.34% in 2021, indicating better asset quality[18] - The provision coverage ratio increased to 219.77%, up from 197.42% in the previous year, enhancing risk management[18] - The core tier 1 capital adequacy ratio rose to 8.75%, compared to 8.38% in 2021, reflecting stronger capital position[18] - The weighted average return on equity decreased to 8.95%, down from 10.40% in 2021, indicating a decline in profitability[18] Risk Management - The company emphasizes the importance of risk management, detailing major risks and corresponding measures in the management discussion and analysis section[5] - The bank's comprehensive risk management system has been enhanced, focusing on digitalization and standardization to improve risk control capabilities[36] - The company has implemented strict management of non-performing assets, enhancing operational capabilities and optimizing disposal strategies to improve profitability[114] - The company maintains a prudent approach to credit risk management, ensuring that the credit risk of loans has not significantly increased since initial recognition[111] - The company has established a digital credit risk warning platform based on big data to improve risk assessment and early warning capabilities[174] Corporate Governance - The financial statements for 2022 were audited by KPMG, receiving a standard unqualified opinion, ensuring the accuracy and completeness of the financial report[4] - The company’s governance structure includes a board of directors and a supervisory board, ensuring accountability and transparency in operations[4] - The board of directors confirmed that all 13 members attended the meeting to approve the annual report, ensuring full participation in the decision-making process[4] - The company has no controlling shareholder or actual controller, maintaining independence in operations, personnel, assets, and finance[199] - The company is committed to enhancing corporate governance, aligning with regulatory requirements and improving investor relations management[199] Strategic Initiatives - The company plans to expand its market presence and enhance its product offerings as part of its future growth strategy[5] - The strategic plan for 2023-2025 focuses on adjusting structure, strengthening customer base, optimizing collaboration, and enhancing capabilities[25] - The company aims to enhance its service capabilities to the real economy while strengthening risk control and management compliance[193] - Key focus areas for 2023 include optimizing processes, enhancing team execution, accelerating digital transformation, and improving risk management policies[194] Digital Transformation - The company established a digital transformation committee to enhance digital capabilities and promote the construction of digital business platforms[25] - The digital transformation efforts led to the launch of the first electronic factoring business in the country and the first fully online domestic freight payment service in Shandong Province[28] - Digital transformation initiatives included the launch of 50 new projects and the completion of 54 projects, enhancing the integration of online and offline operations[42] Customer Engagement - The number of retail customers increased by 53,400 to a total of 353,100, marking a growth rate of 17.82%[146] - The number of new corporate clients for payroll services increased by 7,179, a growth of 77.48% year-on-year[146] - The company launched a self-operated internet loan brand "Hai Rong Yi Dai," issuing loans totaling 531 million yuan across nearly 6,000 transactions[148] - The credit card business issued 650,800 new cards, totaling 3,652,400 cards, a year-on-year increase of 21.68%[149] Financial Products and Services - The company launched 508 wealth management products during the reporting period, raising a total of 678.085 billion RMB, all of which were net value non-principal guaranteed products[160] - The total balance of wealth management products reached 200.815 billion RMB, a year-on-year increase of 19.67%[160] - The company issued 64 billion RMB of perpetual bonds, setting a new benchmark for similar products in the city commercial bank sector[159] Market Position - The bank ranked 268th in the "Top 500 Service Enterprises in China" list, showcasing its competitive position in the industry[38] - The bank was awarded the highest rating of A in the Shenzhen Stock Exchange's information disclosure assessment for six consecutive years[38] Future Outlook - In 2023, the economic recovery in China is expected to be moderate, supported by consumption restoration and rapid growth in infrastructure and manufacturing investments[192] - The company will continue to improve its anti-fraud system and enhance real-time monitoring of fraud risks[191] - The company is committed to supporting the manufacturing sector and green low-carbon development as part of its service to the real economy[193]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 BQD Q 青岛银行 Bank of Qingdao Co., Ltd.* 青島銀行股份有限公司 * （於中華人民共和國註冊成立的股份有限公司） （H股股份代號：3866） 截至2022年12月31日止年度業績 青島銀行股份有限公司（「本行」或「青島銀行」）董事會（「董事會」）欣然宣佈本行 及其附屬公司（「本公司」）截至2022年12月31日止年度（「報告期」）根據國際會計 準則委員會頒佈的《國際財務報告準則》編製的經審計年度業績（「年度業績」）。董 事會及其下轄的審計委員會已審閱並確認此年度業績。 除特別說明外，本業績公告所述的金額幣種為人民幣，本業績公告所載財務數據 為本公司合併口徑數據。 第一節 公司基本情況 1.1 公司基本情況 | --- | --- | |----------|-------| | | | | | | | | | | 股份類別 | | | A 股 | | | H 股 | | ...

Financial Performance - Operating income for Q3 2022 was RMB 3,312,208 thousand, an increase of 15.87% year-on-year[2] - Net profit attributable to shareholders for Q3 2022 was RMB 576,581 thousand, a decrease of 7.13% year-on-year[2] - Basic and diluted earnings per share for Q3 2022 were both RMB 0.01, down 66.67% compared to the same period last year[5] - The company achieved a net profit attributable to shareholders of 2.595 billion yuan in the first three quarters of 2022, an increase of 177 million yuan, representing a growth of 7.30% year-on-year[14] - Operating revenue reached 9.524 billion yuan, up 1.338 billion yuan, reflecting a growth of 16.34% year-on-year[14] - Net interest income was 6.124 billion yuan, an increase of 350 million yuan, or 6.05% year-on-year[14] - Non-interest income totaled 3.399 billion yuan, up 998 million yuan, marking a significant growth of 40.99% year-on-year[14] - Net profit for the first nine months of 2022 was RMB 2,661,051 thousand, up from RMB 2,471,129 thousand in 2021, reflecting a growth of approximately 7.7%[35] Assets and Liabilities - Total assets as of September 30, 2022, reached RMB 531,269,004 thousand, an increase of 1.73% from the end of 2021[2] - Total liabilities as of September 30, 2022, were RMB 494,292,834 thousand, an increase of 1.10% from the end of 2021[2] - The total customer loans amounted to RMB 270.22 billion, reflecting an increase of RMB 26.01 billion or 10.65% year-on-year, accounting for 50.86% of total assets[13] - The total customer deposits reached RMB 331.82 billion, up RMB 18.29 billion or 5.83% from the end of the previous year, with a year-on-year increase of RMB 38.71 billion or 13.21%[13] - The bank's total liabilities as of September 30, 2022, were RMB 494,292,834 thousand, slightly up from RMB 488,921,882 thousand at the end of 2021, representing an increase of approximately 1.5%[36] Equity and Capital - Shareholder equity attributable to the parent company was RMB 36,217,862 thousand, up 10.98% from the end of 2021[2] - The core Tier 1 capital adequacy ratio rose to 9.16%, an increase of 0.78 percentage points, primarily due to the completion of a share placement[14] - The registered capital increased from 4,509,690,000 CNY to 5,820,354,724 CNY following the share issuance[22] Cash Flow and Financing - The net cash flow from operating activities for the first nine months of 2022 was RMB (26,303,719) thousand, a decrease of 248.17% year-on-year[4] - The bank's cash and deposits with the central bank decreased to RMB 28,704,744 thousand from RMB 53,241,394 thousand at the end of 2021, indicating a decline of about 46.1%[37] - The cash flow from financing activities generated a net cash flow of RMB (448,880) thousand in 2022, a stark contrast to the RMB 14,325,320 thousand generated in 2021, indicating a significant drop in financing activities[45] - The total cash and cash equivalents decreased to RMB 14,649,511 thousand as of September 30, 2022, down from RMB 28,751,680 thousand at the beginning of the year, representing a decline of approximately 48.9%[45] Risk and Asset Quality - The non-performing loan ratio was 1.32%, slightly improved from 1.34% at the end of 2021[8] - The provision coverage ratio increased to 206.20%, up 8.78 percentage points from the end of the previous year[14] - The company is committed to risk prevention and has increased credit impairment provisions to address asset risk conditions[14] Product and Service Development - The company is enhancing support for private and small micro enterprises, focusing on product innovation and service improvement[14] - New products such as "畅流贷", "成长贷", and "税e贷" have been launched to support small micro enterprises[14] Share Issuance and Investor Communication - The company issued 781,754,230 A-shares at a price of 3.20 CNY per share, with the shares listed on January 28, 2022[22] - The company issued 528,910,494 H-shares at a price of 3.92 HKD per share, with the shares listed on February 11, 2022[22] - The company engaged in various investor communications regarding asset quality and financial structure, but did not provide specific data during these discussions[23][24][25][26][27][28][29][30]

Financial Performance - The bank reported a half-year financial performance with no cash dividends or bonus shares distributed for 2022[2]. - The financial report for the first half of 2022 was reviewed by KPMG according to both Chinese and international review standards[2]. - The reporting period covers from January 1, 2022, to June 30, 2022[6]. - Net interest income for the first half of 2022 was RMB 3,974,750, an increase of 1.70% compared to RMB 3,908,157 in the same period of 2021[10]. - Non-interest income surged to RMB 2,236,590, reflecting a significant increase of 57.63% from RMB 1,418,893 year-on-year[10]. - Total operating revenue reached RMB 6,211,340, marking a growth of 16.60% compared to RMB 5,327,050 in the first half of 2021[10]. - Net profit for the first half of 2022 was RMB 2,060,334, up 12.40% from RMB 1,832,972 in the same period last year[10]. - Total assets as of June 30, 2022, amounted to RMB 536,409,742, representing a 2.71% increase from RMB 522,249,610 at the end of 2021[11]. - Total customer deposits reached RMB 330,030,436, reflecting a growth of 5.26% from RMB 313,524,923 at the end of 2021[11]. - The bank's equity attributable to shareholders increased to RMB 37,797,927, a rise of 15.82% from RMB 32,635,495 at the end of 2021[11]. Risk Management - The bank emphasizes the importance of risk awareness and the distinction between plans, forecasts, and commitments in its forward-looking statements[2]. - The bank's management discusses the main risks and corresponding measures in the report[2]. - The bank's report includes a detailed description of the main risks and management strategies[2]. - The bank's financial performance is subject to various uncertainties that may lead to significant differences from actual results[2]. - The non-performing loan ratio improved to 1.33%, a decrease of 0.01 percentage points compared to the end of the previous year[16]. - The coverage ratio for non-performing loans improved to 209.07%, an increase of 11.65 percentage points compared to the previous year[12]. - The company has implemented measures to strengthen the management of non-performing assets, focusing on dynamic monitoring and risk prevention[94]. - The company maintains a prudent provisioning policy, with a loan provision rate of 2.78%, an increase of 0.14 percentage points from the previous year[92]. - The bank is focused on improving credit risk management, implementing a unified credit management system to enhance risk control across all customer segments and assets[155]. Capital and Equity - The total assets of the company reached CNY 536.41 billion, with total liabilities of CNY 497.88 billion, resulting in a capital adequacy ratio of 14.53%[16]. - The company's capital adequacy ratio at the end of the reporting period is 14.53%, a decrease of 1.30 percentage points compared to the end of the previous year[98]. - The core tier 1 capital adequacy ratio is 8.81%, an increase of 0.43 percentage points from the end of the previous year[98]. - The total risk-weighted assets increased to RMB 343.03 billion, up from RMB 297.41 billion in the previous year[99]. - The total net capital at the end of the reporting period is RMB 49.84 billion, compared to RMB 47.08 billion at the end of the previous year[99]. - The total amount of tier 2 capital is RMB 11.69 billion, down from RMB 14.25 billion in the previous year[99]. Income and Expenses - Operating expenses for the first half of 2022 amounted to RMB 1.82 billion, an increase of RMB 286 million or 18.62% year-on-year, primarily due to increased employee compensation and administrative expenses[48]. - The company reported a credit impairment loss of RMB 2,058.48 million, an increase of 24.75% compared to the same period last year[26]. - Interest expenses for the reporting period totaled RMB 5.784 billion, an increase of RMB 810 million or 16.29% year-on-year, attributed to the expansion of the company's liabilities[37]. - The average yield on corporate loans was 5.10% for the first half of 2022, slightly down from 5.17% in the same period of 2021[34]. - The company achieved a significant increase in trading net income and investment net income, which rose by 115.98% year-on-year[26]. Digital Transformation and Innovation - The company’s digital transformation is accelerating, with the launch of various digital platforms enhancing operational efficiency[24]. - The bank launched commercial 5G SMS services, becoming the first bank in Shandong Province to do so, enhancing user experience with seamless financial services[149]. - The bank initiated over 20 IT projects, successfully launching 23 projects including the corporate intelligent marketing management platform and mobile banking 6.0, aimed at digital transformation[151]. - The bank is enhancing its credit policies to support key sectors such as small and micro enterprises, rural revitalization, and green finance, increasing financial support for advanced manufacturing[156]. Corporate Governance - The annual shareholders meeting had a participation rate of 68.13% on May 10, 2022, where multiple proposals were approved, including the 2021 financial report and profit distribution plan[177]. - The board of directors held 8 meetings during the reporting period, discussing 31 proposals and listening to 40 reports[179]. - The supervisory board convened 4 meetings, reviewing 17 proposals and receiving 39 reports[180]. - The company appointed a new chairman, Mr. Jing Zailun, on July 21, 2022, following the resignation of the previous chairman due to regulatory requirements[182]. - The board's audit committee oversees the effectiveness of internal controls and risk management, coordinating internal audits and related matters[186]. Community and Environmental Responsibility - The bank donated CNY 2 million to the Qingdao Laixi Charity Association to assist in pandemic prevention efforts during the reporting period[190]. - The bank's green finance development plan was implemented, focusing on carbon reduction and supporting green, low-carbon, and circular economies[189]. - The bank signed a USD 150 million blue loan agreement with the International Finance Corporation (IFC), marking the first blue finance investment by an international development institution in China[189].