二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 402685.71万股，累计占流通股比： 74.54%，较上期变化： 31.84万 股。 青岛银行:2024年报净利润42.64亿 同比增长20.15% 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | | 0.5700 | -100 | 0.4500 | | 每股净资产（元） | 0 | 5.61 | -100 | 5.05 | | 每股公积金(元) | 1.84 | 1.84 | 0 | 1.84 | | 每股未分配利润(元) | 1.15 | 0.86 | 33.72 | 0.66 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 134.98 | 124.72 | 8.23 | 116.44 | | 净利润(亿元) | 42.64 | 35.49 | 20.15 | 30.83 | | 净资产收益率(%) | | 10.71 ...

Financial Performance - Net interest income for 2024 reached RMB 9,873,824 thousand, an increase of 6.38% compared to RMB 9,281,969 thousand in 2023[18] - Non-interest income increased by 13.58% to RMB 3,623,710 thousand in 2024 from RMB 3,190,307 thousand in 2023[18] - Total operating income for 2024 was RMB 13,497,534 thousand, reflecting an 8.22% growth from RMB 12,472,276 thousand in 2023[18] - Net profit for 2024 was RMB 4,404,721 thousand, a 19.97% increase from RMB 3,671,420 thousand in 2023[18] - The total assets as of December 31, 2024, amounted to RMB 689,963,033 thousand, up 13.48% from RMB 607,985,372 thousand at the end of 2023[18] - Customer loans totaled RMB 340,689,725 thousand, representing a 13.53% increase from RMB 300,089,541 thousand in 2023[18] - Customer deposits reached RMB 432,024,006 thousand, an increase of 11.91% compared to RMB 386,062,259 thousand in 2023[19] - The non-performing loan ratio improved to 1.14% in 2024 from 1.18% in 2023[19] - The core tier 1 capital adequacy ratio increased to 9.11% in 2024 from 8.42% in 2023[19] - The cash flow from operating activities surged by 126.42% to RMB 22,951,593 thousand in 2024 from RMB 10,136,930 thousand in 2023[18] Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements, which are based on current plans and estimates[4] - The company has established a comprehensive risk management system, enhancing asset quality and ensuring effective risk identification and management[50] - The company has enhanced its risk management for group clients, establishing a unified credit management system and a comprehensive risk monitoring framework[158] - The company has implemented strict control over restructured loans, ensuring that they account for only 0.04% of the total loan amount[160] - The provision coverage ratio improved to 241.32%, an increase of 15.36 percentage points, enhancing the bank's risk management capabilities[35] Strategic Focus and Future Plans - The company aims to maintain strategic focus and enhance value creation capabilities while navigating opportunities and challenges in 2025[32] - The bank aims to enhance its capabilities in five areas: professionalization, digital empowerment, system optimization, differentiation, and specialization by 2025[41] - The bank's strategic plan for 2023-2025 focuses on structural adjustment, strengthening customer base, optimizing collaboration, and enhancing capabilities[43] Corporate Governance and Compliance - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[3] - The company has been recognized for its compliance and governance, receiving the highest rating of A for information disclosure from the Shenzhen Stock Exchange for four consecutive years[51] Investment and Asset Management - The company reported a total investment in securities amounting to CNY 199,568,131 thousand, with government and central bank bonds accounting for 27.92% of the total[181] - The company's financial investments measured at fair value and recognized in profit or loss amounted to CNY 63.99 billion, up CNY 5.72 billion, a growth of 9.81%[104] - The company's investment activities generated a net cash outflow of RMB 13.28 billion, an improvement of RMB 3.77 billion compared to a net outflow of RMB 17.05 billion in 2023[127] Customer and Market Position - The company issued over RMB 400 billion in new corporate loans in 2024, with significant growth in manufacturing, technology, and green loans, all exceeding 40%[36] - The company's bond underwriting scale ranked second in Shandong Province, indicating a strong position in the financial market[36] - The company's total equity reached RMB 44.90 billion, a 12.42% increase from RMB 39.94 billion in 2023, primarily due to retained earnings and other comprehensive income[124] Operational Efficiency - The company is advancing its digital transformation strategy, focusing on building a unified digital product management platform to enhance operational efficiency[50] - The average balance of interest-earning assets in 2024 was CNY 569.21 billion, an increase of CNY 61.68 billion or 12.15% compared to 2023[62] Loan and Deposit Trends - The total customer loan amount reached CNY 340.69 billion, up CNY 40.60 billion, reflecting a growth of 13.53% year-over-year[98] - The company's deposits from retail customers increased to CNY 2,197.98 billion, up CNY 31.35 billion, a growth of 16.64%[116] - The company's total liabilities were CNY 645.06 billion, an increase of CNY 77.02 billion, representing a growth of 13.56% year-over-year[114] Recognition and Awards - The company was awarded the "2024 Outstanding Urban Commercial Bank" by the 21st Century Economic Report in December 2024[52] - The company was recognized as one of the "Top 500 Most Valuable Brands in China" with a brand value of 30.296 billion RMB, ranking 326th, an improvement of 9 positions from the previous year[51]

Investment Rating - The investment rating for Qingdao Bank is "Buy" with a target price of HK$4.15 per share, indicating a potential upside of 27% from the current price of HK$3.27 [4][11]. Core Views - Qingdao Bank is characterized as a growth-oriented city commercial bank deeply rooted in Shandong, with debt reduction efforts expected to improve risk assessments and support strong profit growth [1][10]. - The bank's asset quality is on an improving trend, with a non-performing loan (NPL) ratio of 1.17% as of Q3 2024, slightly above the industry average, but showing a significant decrease from previous years [3][9]. - The bank's return on equity (ROE) has been gradually improving, driven by an expansion in interest margins and operational cost reductions [2][33]. Company Profile - Qingdao Bank was established in 1996 through the merger of 21 urban credit cooperatives and has grown to a total asset size of approximately 669 billion yuan, positioning it at the median level among city commercial banks [19][22]. - The bank has a diversified ownership structure, with major shareholders including Haier Group and the Italian bank Intesa Sanpaolo, which enhances its governance and operational capabilities [28][29]. Financial Analysis - Since 2021, Qingdao Bank's net interest margin has improved, reaching 1.77% in H1 2024, which is 15 basis points higher than the average for city commercial banks [35][37]. - The bank's asset yield was 4.07% in H1 2024, outperforming the average by 4 basis points, while its cost of liabilities was 2.25%, 6 basis points higher than the average [35][37]. - The bank's NPL generation rate has decreased significantly, with a TTM NPL generation rate of 0.64% in H1 2024, down 172 basis points from 2019 [3][10]. Investment Logic - The debt reduction policy is expected to enhance regional risk assessments, with limited impact on credit growth and a favorable outlook for interest margins [10][11]. - The expansion of branch networks has been a key driver for sustained growth, with the number of branches increasing to 196 by H1 2024, providing significant room for loan growth [11][22]. Profit Forecast and Valuation - The projected growth rates for Qingdao Bank's net profit from 2024 to 2026 are 20.16%, 10.38%, and 11.36%, respectively, with corresponding book values per share of 6.45, 6.97, and 7.67 yuan [11][13].

Financial Performance - Total operating income for 2024 reached RMB 13,497.53 million, an increase of 8.22% compared to 2023[2] - Net profit attributable to shareholders of the parent company was RMB 4,264.12 million, reflecting a growth of 20.16% year-on-year[2] - Basic earnings per share rose to RMB 0.69, representing a 21.05% increase compared to 2023[2] - The weighted average return on equity improved to 11.51%, an increase of 0.80 percentage points year-on-year[2] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 689,963.03 million, up 13.48% from the previous year[2] - Total liabilities increased to RMB 645,063 million, reflecting a growth of 13.56% from the previous year[5] Loan and Deposit Growth - Customer loans totaled RMB 340,690 million, marking a growth of 13.53% year-on-year[5] - Customer deposits reached RMB 432,024 million, an increase of 11.91% from the previous year[5] Credit Quality - The non-performing loan ratio improved to 1.14%, a decrease of 0.04 percentage points from the end of 2023[6] - The provision coverage ratio increased to 241.32%, up by 15.36 percentage points compared to the previous year[6]

Investment Rating - The investment rating for Qingdao Bank is "Accumulate" [4][3]. Core Views - Qingdao Bank's net profit growth in Q3 2024 exceeded expectations, while revenue growth slightly declined due to other non-interest income. The bank maintains a double-digit expansion rate and stable asset quality, justifying the "Accumulate" rating [3][4]. Summary by Sections Financial Performance - In Q3 2024, Qingdao Bank's revenue growth was 0.8%, a slight decline compared to Q2. The net interest income, commission income, and other non-interest income grew by 4.8%, -13.1%, and -6.4% year-on-year, respectively. Other non-interest income was the main drag on revenue, likely affected by bond market fluctuations in August. Despite the revenue decline, Q3 net profit growth reached 24.7%, outperforming comparable peers [4]. Asset Quality - As of Q3 2024, the bank's total assets grew by 15.1% year-on-year, with loans increasing by 11.3%. The growth in inclusive small and micro loans was particularly notable, with a year-end balance increase of 8.51 billion yuan, or 25.13%. Deposits grew by 12.9%, improving the deposit-to-liability ratio to 68.5%. The non-performing loan ratio stood at 1.17%, with a coverage ratio of 245.7%, indicating enhanced risk mitigation capabilities [4]. Market Data - The current stock price of Qingdao Bank is HKD 2.74, with a market capitalization of HKD 15,948 million. The stock has traded within a range of HKD 1.84 to HKD 2.97 over the past 52 weeks [5][6].

Financial Performance - In Q3 2024, Qingdao Bank reported operating income of RMB 3,358,104 thousand, a year-on-year increase of 0.80%[2] - Net profit attributable to shareholders of the parent company for Q3 2024 was RMB 814,011 thousand, representing a 24.65% increase compared to the same period last year[2] - Basic earnings per share for Q3 2024 was RMB 0.10, up 42.86% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was RMB 779,649 thousand, a 27.45% increase year-on-year[2] - Net profit attributable to shareholders was CNY 3.46 billion, an increase of CNY 466 million or 15.60% year-over-year[17] - Operating income for the first three quarters was CNY 10.49 billion, up CNY 789 million or 8.14% year-over-year[17] - Non-interest income grew to CNY 3.22 billion, an increase of CNY 405 million or 14.40% year-over-year[17] - The bank's operating profit for the nine months ended September 30, 2024, was RMB 4,191,691 thousand, an increase from RMB 3,491,656 thousand in the same period of 2023[32] Assets and Liabilities - Total assets as of September 30, 2024, reached RMB 668,981,907 thousand, a 10.03% increase from the end of 2023[3] - Total liabilities increased by 10.10% year-on-year, amounting to RMB 625,436,134 thousand as of September 30, 2024[3] - Total assets as of September 30, 2024, amounted to RMB 668,981,907 thousand, a rise from RMB 607,985,372 thousand at the end of 2023[31] - Total liabilities amounted to CNY 625.44 billion, up CNY 57.39 billion or 10.10% from the previous year[16] - The bank's total equity increased to RMB 43,545,773 thousand from RMB 39,939,243 thousand year-on-year[31] Customer Loans and Deposits - Total customer loans reached CNY 331.13 billion, a 10.34% increase from CNY 300.09 billion at the end of 2023[9] - Total customer deposits increased to CNY 428.19 billion, reflecting a 10.91% growth from CNY 386.06 billion at the end of 2023[9] - Customer loans totaled CNY 331.13 billion, increasing by CNY 31.04 billion or 10.34%, accounting for 49.50% of total assets[16] - Customer deposits reached CNY 428.19 billion, a rise of CNY 42.13 billion or 10.91%, representing 68.46% of total liabilities[16] - The bank's loans and advances stood at RMB 322,713,424 thousand, up from RMB 292,992,926 thousand, reflecting a growth of approximately 10.1%[27] Ratios and Coverage - The weighted average return on equity for Q3 2024 was 8.42%, an increase of 0.92 percentage points compared to the previous year[2] - The capital adequacy ratio is 13.15%, an increase from 12.79% at the end of 2023[7] - The non-performing loan ratio is 1.17%, a slight decrease from 1.18% at the end of 2023[11] - The liquidity coverage ratio improved to 188.03%, up from 158.11% at the end of 2023[12] - The provision coverage ratio stands at 245.71%, an increase from 225.96% at the end of 2023[7] - The average return on total assets is 0.74%, up from 0.65% at the end of 2023[7] - The coverage ratio for provisions reached 245.71%, an increase of 19.75 percentage points year-over-year[18] Cash Flow - The bank's cash flow from operating activities for the first nine months of 2024 was RMB 23,050,276 thousand, a significant increase of 192.69% compared to the same period last year[6] - Operating cash inflow totaled CNY 91,284,873 thousand, compared to CNY 60,886,953 thousand in the previous year, marking an increase of about 50.0%[35] - Net cash flow from operating activities was CNY 23,050,276 thousand, significantly up from CNY 7,875,407 thousand, indicating a growth of approximately 192.0%[35] - Cash and cash equivalents at the end of the period amounted to CNY 28,776,910 thousand, compared to CNY 18,127,361 thousand at the end of the same period last year, reflecting an increase of about 58.5%[37] - The net increase in cash and cash equivalents was CNY 13,180,138 thousand, compared to CNY 6,618,364 thousand in the previous year, indicating a growth of approximately 99.0%[37] Other Financial Metrics - The bank recognized non-recurring gains of RMB 34,362 thousand in Q3 2024, primarily from government subsidies[5] - The bank's cash and deposits with the central bank amounted to RMB 45,808,417 thousand, up from RMB 31,043,664 thousand, indicating a significant increase of about 47.7%[27] - Financial investments at fair value through profit or loss reached RMB 66,650,437 thousand, compared to RMB 58,269,523 thousand, indicating an increase of about 14.8%[27] - The bank's interest, fees, and commissions received amounted to CNY 15,417,546 thousand, up from CNY 13,702,079 thousand, reflecting an increase of about 12.5%[35]

Financial Overview - The bank's financial report for the first half of 2024 was reviewed and approved by all 14 attending directors at the board meeting held on August 28, 2024[3]. - The report period covers from January 1, 2024, to June 30, 2024[11]. - The financial data and indicators in the report are prepared according to Chinese accounting standards and represent consolidated financial statements[17]. - The bank's financial report has been reviewed by KPMG Huazhen and KPMG according to Chinese and international review standards[3]. - The bank's management has confirmed the accuracy and completeness of the financial report[3]. Profit and Income - Net interest income for the first half of 2024 reached RMB 4,778,993 thousand, an increase of 5.98% compared to RMB 4,509,411 thousand in the same period of 2023[18]. - Non-interest income increased by 26.58% to RMB 2,349,092 thousand from RMB 1,855,867 thousand year-over-year[18]. - Total operating income rose by 11.98% to RMB 7,128,085 thousand compared to RMB 6,365,278 thousand in the first half of 2023[18]. - Net profit attributable to shareholders of the parent company increased by 13.07% to RMB 2,640,917 thousand from RMB 2,335,704 thousand in the same period last year[18]. - The diluted earnings per share for the first half of 2024 was RMB 0.45, a 12.50% increase from RMB 0.40 in the same period of 2023[18]. Assets and Liabilities - The total assets as of June 30, 2024, amounted to RMB 654,024,373 thousand, reflecting a growth of 7.57% from RMB 607,985,372 thousand at the end of 2023[20]. - Customer loans totaled RMB 324,394,232 thousand, an increase of 8.10% compared to RMB 300,089,541 thousand at the end of 2023[20]. - Customer deposits reached RMB 411,588,446 thousand, up 6.61% from RMB 386,062,259 thousand at the end of 2023[20]. - The company's total liabilities reached CNY 611.17 billion, reflecting a growth of 7.59% compared to the end of 2023[96]. - The company's total capital net worth reached CNY 52,854,097 thousand as of June 30, 2024, compared to CNY 49,247,594 thousand at the end of 2023, indicating an increase of 5.3%[148]. Capital Adequacy and Risk Management - The core tier 1 capital adequacy ratio increased to 9.07% from 8.42% at the end of 2023[22]. - The bank's capital adequacy ratio was 13.44%, with a core Tier 1 capital ratio of 9.07%, both up by 0.65 percentage points from the previous year[39]. - The company reported a capital adequacy ratio of 13.44% and a core tier 1 capital adequacy ratio of 9.07%, both up by 0.65 percentage points from the previous year[147]. - The non-performing loan ratio improved slightly to 1.17% from 1.18% at the end of 2023[22]. - The company has adopted a forward-looking approach to credit risk management, regularly reviewing key parameters and assumptions in the expected credit loss model[136]. Customer and Retail Banking - Retail deposits reached RMB 202.68 billion, growing by RMB 14.24 billion, or 7.56% year-on-year[42]. - The retail customer base reached 8.4633 million, with a new customer effectiveness rate improvement of 3.86%[186]. - The company expanded its customer base by over 20,000 corporate clients during the reporting period[43]. - Personal housing mortgage loan balance reached CNY 46.75 billion, a decrease of CNY 0.19 billion or 0.41% from the end of last year[192]. - Credit card issuance increased by 182,600 cards, totaling 4.29 million cards, a growth of 4.45% year-over-year[193]. Investment and Financial Performance - The company's investment income was 778.28 million RMB, an increase of 14.27% year-on-year[76]. - The fair value changes in profit and loss increased by 101.16% to CNY 519.74 million in the first half of 2024, compared to CNY 258.37 million in the same period of 2023[174]. - The company's other comprehensive income after tax increased by 65.10% to CNY 1,185.37 million as of June 30, 2024, compared to CNY 717.98 million at the end of 2023[174]. - The company reported other non-interest income of 1.42 billion RMB, a significant increase of 54.83% year-on-year[74]. - The company achieved net commission and fee income of RMB 372 million, a year-on-year increase of 46.40%[42]. Dividends and Shareholder Returns - The bank plans to propose a cash dividend for the first half of 2024, with no stock dividends or capital increases from reserves[3]. - The company issued dividends totaling RMB 931 million to common shareholders during the reporting period[105]. Operational Efficiency - The average return on total assets was 0.86%, a slight decrease of 0.02 percentage points year-on-year[39]. - The average cost of retail deposits decreased by 0.14 percentage points compared to the same period last year[42]. - The average yield on interest-earning assets was 4.07%, while the average cost of interest-bearing liabilities was 2.13%[50]. - The average balance of interest-earning assets increased by RMB 51.05 billion year-on-year, a growth of 10.38%[53]. - The average balance of deposits increased by RMB 39.673 billion, a growth of 11.31%, leading to a rise in interest expense on deposits to RMB 4.137 billion, up 5.63% year-on-year[63].

青岛银行股份有限公司 境内同步披露公告 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈 述或者重大遗漏。 青岛银行股份有限公司根据《香港联合交易所有限公司证券上市规则》规定， 已在香港联合交易所有限公司披露易网站（https://www.hkexnews.hk/）披露后附 公告。 根据《深圳证券交易所股票上市规则》关于上市公司在境内外证券交易所同 步披露公告的规定，特将该公告在深圳证券交易所网站（http://www.szse.cn/）同 步披露，供参阅。 特此公告。 青岛银行股份有限公司董事会 （H股股份代號：3866） 截至2024年6月30日止六個月中期業績公告 2024 年 8 月 28 日 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。 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 ...

青岛银行股份有限公司 2024 年上半年非经营性资金占用及其他关联资金往来情况汇总表 | 景在伦 | 吴显明 | 陈霜 | 李振国 | (公司盖章) | | --- | --- | --- | --- | --- | | 法定代表人(董事长) | 行长 | 主管财务工作的副行长 | 计划财务部总经理 | | 注：本行作为上市的商业银行，经营范围包括贷款及资金业务。本行向关联方发放的贷款和资金往来业务严格按照中国人民银行等监管机构的规定开展，不属于一般意义上的关 联方占用上市公司资金范畴。 金额单位：人民币万元 非经营性资金占用 资金占用方 名称 占用方与上市公 司的关联关系 上市公司核算 的会计科目 2024 年期初 占用资金余额 2024 年上半年占 用累计发生金额 （不含利息） 2024 年上半年 占用资金的利息 （如有） 2024 年上半年 偿还累计发生 金额 2024 年 6 月末 占用资金余额 占用形成 原因 占用性质 控股股东、实际控制人及其附属企业 无 无 无 无 无 无 无 无 无 非经营性占用 前控股股东、实际控制人及其附属企业 无 无 无 无 无 无 无 无 无 非经营性占用 其他关联方及 ...

Financial Reporting and Compliance - The Board of Directors confirmed the accuracy and completeness of the interim report for the first half of 2024, which was approved on August 28, 2024[7]. - The financial report for the first half of 2024 was reviewed by KPMG according to both Chinese and international review standards[7]. - The report period covers January 1, 2024, to June 30, 2024[10]. - The company operates under both Chinese Accounting Standards and International Financial Reporting Standards[7]. - The company is listed on both the Shenzhen Stock Exchange (A shares) and the Hong Kong Stock Exchange (H shares)[12]. Dividend and Profit Distribution - The company plans to propose a cash dividend for the first half of 2024, with no stock dividends or capital reserve transfers[7]. - Net profit attributable to shareholders reached RMB 2,640,917 thousand, reflecting a growth of 13.07% from RMB 2,335,704 thousand year-on-year[16]. - Net profit for the period was CNY 2.71 billion, representing a year-on-year growth of 12.62%[28]. Income and Revenue Growth - Total operating income rose by 10.31% to RMB 7,027,347 thousand, up from RMB 6,370,811 thousand in the previous year[16]. - Non-interest income increased by 20.79% to RMB 2,248,354 thousand from RMB 1,861,400 thousand year-on-year[16]. - Operating income for the reporting period was RMB 7.027 billion, an increase of RMB 657 million, with a growth rate of 10.31%[36]. - Non-interest income accounted for 31.99% of total operating income, an increase of 2.77 percentage points year-on-year[36]. Asset and Loan Management - Total assets as of June 30, 2024, amounted to RMB 654,024,373 thousand, a 7.57% increase from RMB 607,985,372 thousand at the end of 2023[17]. - Customer loans totaled RMB 324,394,232 thousand, marking an 8.10% increase from RMB 300,089,541 thousand at the end of 2023[17]. - The non-performing loan ratio improved slightly to 1.17% from 1.18% at the end of 2023[18]. - Total customer loans amounted to RMB 324,394,232 thousand as of June 30, 2024, with a non-performing loan (NPL) amount of RMB 3,789,352 thousand, resulting in an NPL ratio of 1.17%[98]. Capital Adequacy and Risk Management - The core tier 1 capital adequacy ratio increased to 9.07% from 8.42% at the end of 2023[18]. - The capital adequacy ratio was 13.44%, with a core Tier 1 capital ratio of 9.07%, both up by 0.65 percentage points from the previous year[28]. - The company has enhanced its risk management for group clients by establishing a unified credit management system and a risk monitoring framework[108]. - The company has implemented strict controls on restructured loans, which accounted for 0.03% of total loans as of June 30, 2024, unchanged from the end of the previous year[110]. Customer and Retail Banking - The bank's retail banking business generated a pre-tax profit of RMB 611.95 million, a decrease from the previous year's RMB 746.23 million[92]. - Retail deposit balance reached RMB 202.684 billion, an increase of RMB 14.240 billion, with a growth rate of 7.56%[30]. - The number of retail customers reached 8.4633 million, with a new customer effectiveness rate increasing by 3.86%[145]. - The retail banking strategy emphasizes customer-centric development and digital transformation to enhance operational efficiency[143]. Technology and Digital Transformation - The company has successfully built an external data marketplace, improving data quality and security risk management systems to support digital transformation[181]. - The company has developed 12 projects in areas such as mobile channels and marketing empowerment, advancing its digital core capabilities[181]. - The bank launched its first online agricultural loan product "Ludang Cloud Loan" and a scenario-based online consumer loan product "Online Parking Space Loan" during the reporting period[146]. Market Position and Growth Strategy - The company has established a strong market presence, being recognized as a leading institution in the interbank market and for market innovation[167]. - The company has expanded its cross-border financing capabilities, enhancing its international trade financing services[162]. - The bank's overall strategy focuses on stable growth, structural adjustment, and quality improvement in response to external environmental changes[143]. Financial Investments and Asset Management - The company's financial investments measured at fair value and recognized in profit or loss amounted to RMB 626.39 billion, an increase of RMB 43.69 billion or 7.50% compared to the end of the previous year[71]. - The company's financial investments had a book value of CNY 228.53 billion, an increase of CNY 2.52 billion or 1.11% from the end of the previous year[69]. - The total balance of wealth management products reached 208.520 billion yuan, reflecting a growth of 0.19% year-on-year[171]. Liquidity and Funding Management - The liquidity coverage ratio significantly improved to 203.40%, up from 158.11% in the previous period[18]. - The amount of high-quality liquid assets increased to RMB 108,843,097 thousand from RMB 75,270,402 thousand, reflecting a significant enhancement in liquidity reserves[190]. - The net stable funding ratio stands at 119.13% as of June 30, 2024, compared to 125.47% on March 31, 2024, demonstrating stable funding management[191].