Social Responsibility and Community Engagement - The company invested a total of 44.61 million yuan in 49 poverty alleviation projects in Yunnan's Wuding and Yongren counties during the reporting period[1]. - The total amount donated for public welfare and charity reached 47.84 million yuan, contributing to social equity and improving people's livelihoods[2]. - The "Small Points, Micro Public Welfare" platform has accumulated donations of 586 million points, resulting in 2.74 million free lunches for children and 334,900 public welfare books[2]. - The company has actively engaged in volunteer services and established the "Zhaohang Public Welfare Alliance" to promote social responsibility[2]. Corporate Governance and Management - The company held 10 board meetings during the reporting period, reviewing 62 proposals and listening to 11 reports[7]. - A total of 1 shareholders' meeting was convened, approving 10 proposals including the 2022 annual financial report and the profit distribution plan[8]. - The company has established a multi-level talent training system, enhancing training effectiveness and covering various employee growth needs[3]. - The company has implemented a gender equality principle in salary management and recruitment, ensuring equal opportunities for all employees[3]. - The company organized two employee representative meetings, enhancing employee participation in management and decision-making[3]. - The company continues to enhance its corporate governance mechanisms to support sustainable development and prudent risk management[30]. - The company’s governance structure includes a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and senior management[30]. - The company’s independent directors' terms are limited to a maximum of six years, affecting the tenure of certain directors[15]. Financial Performance - The company reported net profit of RMB 76,437 million for the six months ended June 30, 2023, an increase from RMB 70,002 million in the same period of 2022, representing an increase of approximately 9.4%[82]. - Total operating income for the first half of 2023 was RMB 176,909 million, slightly down from RMB 177,621 million in the previous year, indicating a decrease of about 0.4%[82]. - Net interest income increased to RMB 108,996 million, compared to RMB 107,692 million in the prior year, reflecting a growth of approximately 1.2%[82]. - The company’s basic and diluted earnings per share rose to RMB 2.93, up from RMB 2.67 in the same period last year, marking an increase of about 9.7%[82]. - The company’s total comprehensive income for the period was RMB 78,238 million, compared to RMB 71,851 million in the same period of 2022, indicating an increase of approximately 8.3%[83]. Asset and Liability Management - The company reported a total asset scale of 10,006,843 million in the first half of 2023[27]. - The total liabilities as of June 30, 2023, were RMB 9,753,923 million, up from RMB 9,184,674 million, indicating an increase of 6.20%[84]. - Total assets as of June 30, 2023, amounted to RMB 10,739,836 million, an increase from RMB 10,138,912 million as of December 31, 2022, representing a growth of 5.93%[84]. - Loans and advances increased to RMB 6,096,979 million, up from RMB 5,807,154 million, reflecting a growth of 4.98%[84]. - Customer deposits rose to RMB 8,098,272 million, compared to RMB 7,590,579 million, marking an increase of 6.67%[84]. Shareholder and Equity Information - The company reported that as of the end of the reporting period, Cai Jin held 133,150 shares, including 128,600 A-shares and 4,550 H-shares[12]. - The total number of shares issued is 6,752,746,952, with 32.73% of shares being A shares and 17.57% being H shares[47]. - The total number of preferred shareholders is 17, all of whom are domestic preferred shareholders[54]. - The company did not distribute any preferred stock dividends during the reporting period[57]. - The voting rights of the issued preferred shares have not been restored as of the end of the reporting period[59]. Risk Management and Compliance - The company is actively managing risks and has outlined its risk management strategies in the report[144]. - The financial report for the first half of 2023 has not been audited, and it includes forward-looking statements based on current plans and estimates[146]. - The company confirmed that there were no penalties imposed by securities regulatory authorities on the personnel listed in the report over the past three years[13]. Changes in Management - The company appointed Sun Yunfei as the vice chairman of the board in January 2023, pending approval from the national financial regulatory authority[15]. - In March 2023, the company elected Cao Jian as a staff supervisor, while Wang Wanqing stepped down due to age reasons[16]. - The company appointed Peng Jiawen as the financial officer in February 2023, following internal restructuring[17]. - The company’s management changes included the retirement of Wang Jianzhong and Shi Shunhua in February 2023 due to age[17]. - Zhao Weipeng was appointed as the secretary of the disciplinary committee in August 2023[17]. Strategic Focus and Future Planning - The company has focused on sustainable development, reviewing the 2022 Sustainable Development Report and planning for 2023[5]. - The company has restructured its board committee to enhance its focus on ESG initiatives, renaming the "Board Strategic Committee" to "Board Strategic and Sustainable Development Committee"[141]. - The board has reviewed multiple reports related to sustainable development and financial inclusion, ensuring the execution of these strategies[141]. - The company emphasizes its commitment to social responsibility, aiming for high-quality, efficient, equitable, and sustainable development[141].

Financial Performance - For the first half of 2023, the operating income was RMB 178,465 million, a decrease of 0.34% compared to RMB 179,077 million in the same period of 2022[16]. - The pre-tax profit increased by 8.68% to RMB 90,884 million from RMB 83,624 million year-on-year[16]. - The net profit attributable to shareholders was RMB 75,752 million, reflecting a growth of 9.12% compared to RMB 69,420 million in the previous year[16]. - The group achieved a net operating income of CNY 178.465 billion, a decrease of 0.34% year-on-year[20]. - The net profit attributable to shareholders was CNY 75.752 billion, an increase of 9.12% year-on-year[20]. - The group achieved a pre-tax profit of RMB 90.884 billion, an increase of 8.68% year-on-year, with an effective tax rate of 15.90%, down by 0.39 percentage points[44]. - Net profit for the period was RMB 76.44 billion, up 9.18% from RMB 70.00 billion in the same period last year[64]. Assets and Liabilities - The total assets as of June 30, 2023, reached RMB 10,739,836 million, an increase of 5.93% from RMB 10,138,912 million at the end of 2022[16]. - The total liabilities of the group reached RMB 9,753.923 billion, an increase of 6.20% compared to the end of the previous year, primarily due to steady growth in customer deposits[90]. - The total amount of investment securities and other financial assets was RMB 3.017 billion as of June 2023, up from RMB 2.787 billion in December 2022[83]. - The total amount of bonds issued by the company was RMB 50,506 million, with a total issuance during the period of RMB 6,153 million[161]. Customer Deposits and Loans - Customer deposits totaled RMB 8,030,232 million, representing a growth of 6.56% from RMB 7,535,742 million at the end of 2022[16]. - The total loans and advances amounted to RMB 6,355,439 million, up by 5.02% from RMB 6,051,459 million at the end of 2022[16]. - The average balance of customer deposits was RMB 7,828.799 billion, with interest expenses of RMB 62.455 billion, resulting in a cost rate of 1.61%[50]. - The amount of trade financing transactions reached RMB 5,846.47 billion, reflecting a year-on-year growth of 56.17%[158]. Income and Expenses - Net interest income reached CNY 108.996 billion, growing by 1.21% year-on-year[20]. - Non-interest net income was CNY 69.469 billion, a decrease of 2.68% year-on-year[20]. - The cost-to-income ratio increased to 29.07%, up by 1.31 percentage points year-on-year[39]. - Total operating expenses increased by 4.44% year-on-year to RMB 56.372 billion, with employee expenses rising by 4.99% to RMB 35.968 billion[78]. Risk Management - The company aims to enhance its risk management capabilities and maintain asset quality stability by focusing on key sectors and implementing differentiated management strategies[185]. - The company has implemented a comprehensive risk management system for large exposure, ensuring compliance with regulatory requirements for non-industry single and group clients[189]. - The company employs various indicators to manage interest rate risk, including Value at Risk (VaR) with a confidence level of 99% and a holding period of 10 days, covering all interest rate risk factors[192]. - Regular measurement and analysis of foreign exchange risk exposure are conducted, with adjustments made based on exchange rate trends to mitigate risks[197]. Digital Transformation and Technology - The company continues to invest in digital transformation and technology infrastructure to support its operations[78]. - The cumulative user count of the China Merchants Bank App reached 197 million, with a peak daily active user count of 19.58 million and a monthly active user count of 71.30 million[127]. - The company’s financial technology capabilities have been enhanced, leading to improved risk management and investment decision-making processes[121]. Branch Performance - The Hong Kong branch achieved a net operating income of 1.92 billion HKD during the reporting period[133]. - The New York branch reported a net operating income of 45.90 million USD, focusing on cross-border financial services between China and the U.S.[134]. - The Singapore branch generated a net operating income of 11.46 million USD, emphasizing cross-border finance and wealth management services[135]. Support for SMEs - The company has supported 23,783 small and medium-sized enterprises with financing, with a cumulative loan amount of RMB 313.198 billion[163]. - The company has implemented 261 "one-stop service" projects, extending services to 28,271 small and medium-sized enterprises[163].

Loan and Asset Quality - As of the end of the reporting period, the total loan and advance balance was RMB 5,720,708 million, with a non-performing loan balance of RMB 54,214 million, resulting in a non-performing loan ratio of 0.95%[13] - The non-performing loan balance for retail loans was RMB 28,009 million, with a non-performing loan ratio of 0.90%[13] - The company reported a total of RMB 2,097,114 million in loans, with a non-performing loan balance of RMB 26,205 million, resulting in a non-performing loan ratio of 1.25%[13] - The company’s credit card loans amounted to RMB 884,394 million, with a non-performing loan balance of RMB 15,648 million, leading to a non-performing loan ratio of 1.77%[13] - The company’s consumer loans totaled RMB 202,225 million, with a non-performing loan balance of RMB 2,191 million, resulting in a non-performing loan ratio of 1.08%[13] - The non-performing loan balance was RMB 60.302 billion, an increase of RMB 2.298 billion compared to the end of the previous year, with a non-performing loan ratio of 0.95%, down 0.01 percentage points[40] - The retail loan segment accounted for 53.32% of the total loan balance, with a non-performing loan balance of RMB 28.28 billion and an NPL ratio of 0.89%[65] - The company's loan loss provision balance was RMB 262.03 billion, an increase of RMB 8.61 billion compared to the end of the previous year, with a provision coverage ratio of 463.19%[68] - The company generated new non-performing loans of RMB 16,023 million in the first quarter of 2023, a year-on-year increase of RMB 587 million, with a non-performing loan generation rate of 1.09%, down 0.07 percentage points year-on-year[115] Financial Performance - The net profit attributable to shareholders was RMB 38.839 billion, a year-on-year increase of 7.82%[44] - For Q1 2023, the group achieved a net operating income of RMB 90.625 billion, a year-on-year decrease of 1.49%[77] - The total net profit for Q1 2023 was CNY 39.226 billion, compared to CNY 36.309 billion in Q1 2022, representing an increase[106] - The bank's pre-tax profit for Q1 2023 was RMB 46,881 million, an increase of 5.7% compared to RMB 44,367 million in Q1 2022[128] - The total operating income decreased to RMB 89,832 million in Q1 2023, down 1.9% from RMB 91,415 million in Q1 2022[124] - Net interest income for Q1 2023 was RMB 55,409 million, a slight increase of 1.7% compared to RMB 54,464 million in Q1 2022[124] - The group achieved non-interest income of RMB 35.216 billion in Q1 2023, a year-on-year decrease of 6.18%, accounting for 38.86% of total operating income[43] - Net fee and commission income was RMB 25.079 billion, down 12.60% year-on-year, while other non-interest income increased by 14.67% to RMB 10.137 billion, mainly due to increased bond and fund investment income[43] Capital Adequacy and Structure - The core Tier 1 capital adequacy ratio under the advanced approach was 13.41%, while the total capital adequacy ratio was 17.39%, reflecting a decrease due to accelerated asset scale investment in Q1 2023[17] - The core tier 1 capital net amount was CNY 735.333 billion, an increase of 4.89% from CNY 701.033 billion at the end of the previous year[100] - The tier 1 capital adequacy ratio was 15.03%, a decrease of 0.39 percentage points from 15.42% at the end of the previous year[100] - The company's leverage ratio at the end of 2022 was 7.95%, indicating a stable capital structure[18] - The company's core tier 1 capital adequacy ratio was 12.98%, tier 1 capital adequacy ratio was 15.03%, and total capital adequacy ratio was 17.15% as of the end of the reporting period[119] Customer Deposits and Assets - Customer deposits increased to RMB 7,832,912 million, compared to RMB 7,590,579 million at the end of 2022[26] - Customer deposits totaled RMB 7,771.878 billion, reflecting a year-on-year growth of 3.13%[51] - The total assets and equity of the bank reached RMB 10,508,752 million, up from RMB 10,138,912 million at the end of 2022[26] - Total assets reached RMB 10,508.752 billion as of March 31, 2023, an increase of 3.65% from the end of the previous year[44] - The total assets of the group reached RMB 12,013.88 billion, reflecting a growth of 3.84% compared to the end of the previous year[70] Operating Expenses and Efficiency - Operating expenses increased by 4.65% year-on-year to RMB 27.323 billion, with employee expenses rising by 2.92%[54] - The cost-to-income ratio was 27.59%, an increase of 1.49 percentage points year-on-year[54] - The return on average total assets (ROAA) was 1.50%, a decrease of 0.04 percentage points year-on-year[77] - The average return on equity (ROAE) was 18.43%, down by 0.81 percentage points compared to the previous year[77] - The weighted average return on equity for ordinary shareholders was 18.43%, down 0.81 percentage points from the previous year[44] Risk Management and Strategy - The bank's strategy focuses on balanced development in quality, efficiency, and scale, with steady growth in asset size and net profit[39] - The company aims to strengthen risk management in the real estate sector by closely monitoring market dynamics and differentiating risks between project subsidiaries and the holding company[62] - The company will enhance risk monitoring in key areas such as real estate and large group clients, and implement targeted control measures[97] - The company aims to maintain overall asset quality stability while increasing the efficiency of non-performing asset disposal[97] - The company plans to continue supporting rigid and improved housing demand while enhancing financial support for housing rentals[62] - The company will focus on selecting residential projects with self-repayment capabilities and commercial sustainability to maintain stable real estate financing[62]

Capital Adequacy and Financial Ratios - As of December 31, 2022, the core tier 1 capital ratio was 13.68%, up 1.02 percentage points from the previous year[4] - The bank's total capital adequacy ratio stood at 17.77%, an increase of 0.29 percentage points from the previous year[4] - The bank's leverage ratio was 7.95%, a slight decrease of 0.05 percentage points compared to the previous year[4] - The non-performing loan ratio remained stable at 0.96%, with a provision coverage ratio of 450.79%, indicating strong risk compensation capabilities[158] - The average return on equity (ROAE) for the bank reached 17.06%, with a non-performing loan ratio maintained below 1% and a provision coverage ratio of 450.79%[179] Profit and Revenue Growth - The net profit before tax for retail banking was RMB 94.18 billion, an increase from RMB 77.71 billion in 2021, representing a growth of 21.14%[9] - Operating net income for 2022 was CNY 344.74 billion, a year-on-year increase of 4.02%, while net profit attributable to shareholders rose by 15.08% to CNY 138.01 billion[158] - Retail financial business pre-tax profit reached CNY 92.706 billion, a year-on-year increase of 20.48%[36] - Wholesale financial business pre-tax profit was CNY 62.394 billion, a year-on-year increase of 1.70%[44] Asset Management and Loans - The total assets under management for wealth management services reached RMB 7.7 trillion, a year-on-year increase of 24.78%[13] - The total amount of retail microloans reached CNY 629.628 billion, a year-on-year increase of 12.32%, accounting for 11.01% of total loans and advances, up 0.34 percentage points from the previous year[30] - The total amount of corporate loans reached CNY 2.097114 trillion, an increase of 11.42% year-over-year, with a non-performing loan ratio of 1.25%, down 0.06 percentage points[73] - The balance of loans to large enterprises reached CNY 931.503 billion, up 13.46% year-on-year, with a non-performing loan ratio of 0.90%, down 0.24 percentage points[49] Risk Management and Provisions - As of the reporting period, the company's loan loss provision balance was CNY 253.413 billion, an increase of CNY 14.228 billion from the previous year, with a provision coverage ratio of 467.43%, down 23.23 percentage points year-on-year[23] - The bank has established a "six-full" risk management system to enhance its ability to manage cyclical risks effectively[152] - The bank's total provisions for bad debts increased to RMB 45.157 billion in 2022, compared to RMB 37.020 billion in 2021[136] Customer Growth and Engagement - The number of retail customers reached 184 million, an increase of 6.36% compared to the end of the previous year[37] - The company achieved a year-on-year increase of 5.80% in cross-border business clients, reaching a total of 78,877 clients by the end of the reporting period[47] - The "掌上生活" app accumulated 137 million users, with a peak daily active user count of 6.72 million during the reporting period[115] Digital Transformation and Technology - Continuous investment in financial technology is prioritized to support business transformation and improve operational efficiency[156] - The bank's digital transformation efforts included the successful migration to cloud services, enhancing operational efficiency and customer service capabilities[180] - The company has implemented a digital RMB service across multiple channels, enhancing customer service capabilities since its launch on January 4, 2022[98] Wealth Management and Financial Services - The company plans to enhance its wealth management services and digital transformation to improve customer experience and operational efficiency[40] - The company has established over 110 product series to meet diverse customer needs, including the launch of "Riri Bao" in collaboration with China Merchants Bank[85] - The bank's wealth management capabilities improved, managing retail customer AUM of 12.1 trillion yuan, with over 43 million clients holding wealth management products[187] Corporate Strategy and Future Outlook - The bank aims to maximize comprehensive value for customers, employees, shareholders, partners, and society by focusing on retail banking, corporate finance, investment banking, and wealth management[166] - The bank plans to strengthen its existing advantages while developing new growth areas to achieve high-quality development[166] - The company aims to enhance management levels and maintain a dynamic balance of "quality, efficiency, and scale" for long-term stable returns to investors[193]

Retail Customer Base and Wealth Management - Retail customer base reached 184 million, with retail business revenue accounting for 55.52% of total revenue[1] - Total assets under management (AUM) for retail customers reached 12.1 trillion yuan, with over 43 million clients holding wealth management products[1] - The company’s wealth management product holding customer count reached 43.1293 million, a year-on-year increase of 14.14%, while the retail wealth management product balance grew by 4.48% to CNY 31,384.36 billion[178] - The number of private banking clients exceeded 130,000, with total assets under management reaching 3.79 trillion yuan, an increase of 11.74%[94] - The wealth management platform "Zhaocaihao" attracted 19.73 million followers and served over 413 million customer interactions during the reporting period[119] - The company introduced products from 10 peer wealth management subsidiaries and 139 quality asset management institutions to enhance service offerings[119] Financial Performance - The group achieved net interest income of RMB 218.24 billion in 2022, an increase of 14.3% compared to RMB 203.92 billion in 2021[22] - The group reported a pre-tax profit of RMB 165.11 billion, up 11.4% from RMB 148.17 billion in the previous year[22] - The net profit attributable to shareholders was RMB 138.01 billion, an increase of 15.1% from RMB 119.92 billion in 2021[22] - Non-interest income for the group was 126.505 billion yuan, a year-on-year decrease of 0.77%, accounting for 36.70% of total operating income, down 1.77 percentage points year-on-year[128] - The group's wealth management income was 49.151 billion yuan, a year-on-year decrease of 6.10%[128] Loan and Asset Quality - Non-performing loans totaled 58.004 billion yuan, with a non-performing loan ratio of 0.96%, an increase of 0.05 percentage points from the previous year[21] - The non-performing loan (NPL) balance for retail loans was RMB 28.04 billion, an increase of RMB 3.91 billion, resulting in an NPL ratio of 0.89%, up 0.08 percentage points from the previous year[57] - The company’s total loans and advances amounted to RMB 6,051,459 million, with a non-performing loan amount of RMB 58,004 million, leading to a non-performing loan ratio of 0.96%[60] - The overall non-performing loan (NPL) rate for retail loans was 0.90%, with a focus loan rate of 1.42% and an overdue loan rate of 1.50%[138] - The company reported a consumer credit non-performing loan amount of CNY 17.839 billion, with a non-performing loan rate of 1.64%[141] Digital Transformation and Innovation - The company invested 14.168 billion yuan in information technology, a year-on-year increase of 6.60%, accounting for 4.51% of operating net income[98] - The technology platform has 4,655 shared components, and over 6,500 applications have been released through the low-code development system by the end of the reporting period[124] - The online service rate for customer base reached 95.65%, with financing business online rate increasing from 67.26% to 82.14%[99] - The monthly active users (MAU) of the招商銀行App and掌上生活App reached 111 million, with 24.39 million customers purchasing "朝朝寶," resulting in a total holding amount of 205.568 billion yuan[122] Risk Management and Regulatory Compliance - The company emphasizes a risk management system covering all customers, assets, risks, institutions, processes, and elements to enhance risk control capabilities[125] - The company continues to meet additional regulatory requirements, maintaining high levels of capital adequacy and liquidity[147] - The core Tier 1 capital adequacy ratio was 13.68%, up 1.02 percentage points from the previous year[66] - The total capital adequacy ratio was 17.77%, an increase of 0.29 percentage points compared to the previous year[66] Strategic Focus and Future Plans - The company aims to enhance capabilities in wealth management, fintech, and risk management to drive sustainable development[1] - The company plans to focus on green finance, inclusive finance, and technology finance to enhance asset quality and meet diverse investor needs[107] - The company aims to maintain stable growth in retail loans in 2023, with an expected increase in growth rate compared to 2022[135] - The company will focus on green economy, manufacturing, inclusive finance, and technology finance for credit investment in 2023[135]

招 商 银 行 CHINA MERCHANTS BANK 招 商 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股股票代碼：03968 境外優先股股票代碼：04614 2022年中期報告 ve 2 招商银行 招商銀行股份有限公司 2022年中期報告（H股） 目錄 1 目錄 2 釋義 2 重大風險提示 | --- | --- | --- | --- | |-------|----------|-------|--------------------------------| | 3 | 重要提示 | | | | 4 | 第一章 | | 公司基本情況 | | 6 | 第二章 | | 會計數據和財務指標摘要 | | 8 | 第三章 | | 管理層討論與分析 | | | 8 | 3.1 | 總體經營情況分析 | | | 8 | 3.2 | 利潤表分析 | | | 15 | 3.3 | 資產負債表分析 | | | 20 | 3.4 | 貸款質量分析 | | | 26 | 3.5 | 資本充足情況分析 | | | 31 | 3.6 | 分部經營業績 | | | 31 | 3.7 | 根據監 ...

商银行 CHINA MERCHANTS BANK 招 商 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 股股票代碼：03968 優先股股票代碼：04614 2021 年度報告 △超商银行 Ships and Sace mm ... 140 .... | --- | --- | --- | |-------|---------------------------------|--------------------------------| | | | | | 2021 | 招商銀行股份有限公司 年度報告（ | 股） 目錄 | | 目錄 | | | | 2 | 釋義 | | | 2 | 重大風險提示 | | | 3 | 重要提示 | | | 4 | 董事長致辭 | | | 7 | 行長致辭 | | | 11 | 第一章 | 公司簡介 | | 15 | 第二章 | 會計數據和財務指標摘要 | | 19 | 第三章 | 管理層討論與分析 | | | 19 | 總體經營情況分析 | | | 19 | 利潤表分析 | | | | | | | 26 | 資產負債表分析 | | | 31 ...

H股股票代碼：03968 境外優先股股票代碼：04614 2021年中期報告 招商銀行 因您而變 招商銀行股份有限公司 2021年中期報告（H股） 目錄 1 目錄 2 重要提示 3 釋義 | --- | --- | --- | --- | |-------|--------------|-------|--------------------------------| | | | | | | | 重大風險提示 | | | | | 第一章 | | 公司簡介 | | | 第二章 | | 會計數據和財務指標摘要 | | | 第三章 | | 董事會報告 | | | 8 | 3.1 | 總體經營情況分析 | | | 8 | 3.2 | 利潤表分析 | | | 16 | 3.3 | 資產負債表分析 | | | 21 | 3.4 | 貸款質量分析 | | | 26 | 3.5 | 資本充足率分析 | | | 31 | 3.6 | 分部經營業績 | | | 31 | 3.7 | 根據監管要求披露的其他財務信息 | | | 32 | 3.8 | 業務發展戰略實施情況 | | | 33 | 3.9 | 經營中關注的重點問題 | ...