Core Viewpoint - The successful implementation of the first online cross-border settlement business for border residents in Heilongjiang Province marks a significant step in empowering the economic development along the border [1][3]. Group 1: Financial Services Innovation - Harbin Bank has introduced a new settlement scheme for border residents' mutual market trade, enhancing convenience and efficiency in cross-border transactions [1]. - The bank collaborates with Heilongjiang Longrui Asset Management Co., leveraging the "Cross-Border Digital Financial Platform" and the "Heilongjiang Provincial Foreign Trade Group Digital Import and Export Comprehensive Service Platform" to optimize services for border residents [1][3]. - The new service system integrates account management, payment, clearing, data statistics, declaration, and risk management, fulfilling the financial service needs of border residents [1]. Group 2: Digital Transformation and Future Plans - Harbin Bank's "Cross-Border Digital Financial Platform" serves as a digital engine supporting the development of new foreign trade formats, providing automated cross-border payment services and compliance management [3]. - The border residents' mutual market cross-border settlement service is a significant upgrade, aiming to inject compliant and efficient financial resources into border trade [3]. - The bank plans to continue leveraging its financial technology advantages to promote the scale and intensive transformation of border residents' mutual market trade, contributing to a higher level of openness in border areas [3].

Core Insights - The report highlights the performance of 30 A-share and H-share listed city commercial banks in terms of non-performing loan (NPL) ratios for the year 2024, with Harbin Bank having the highest NPL ratio at 2.84% [1][2] - Chengdu Bank recorded the lowest NPL ratio at 0.66%, showing a slight decrease from the previous year [1][2] - Overall, 20 city commercial banks saw a decrease in their NPL ratios, while 5 banks experienced an increase, and 5 banks maintained the same ratio compared to the previous year [1] NPL Ratio Summary - Harbin Bank: NPL ratio of 2.84%, down from 2.87% in 2023 [2] - Chengdu Bank: NPL ratio of 0.66%, down by 0.02 percentage points from 0.68% in 2023 [2] - Other banks with NPL ratios below 1% include Xiamen Bank, Ningbo Bank, Hangzhou Bank, Nanjing Bank, Suzhou Bank, Jiangsu Bank, and Huishang Bank [1][2] - Notable increases in NPL ratios were observed in Jiujiang Bank (up 0.10 percentage points) and West Xi'an Bank (up 0.37 percentage points) [2] - The majority of banks, 20 out of 30, reported a decrease in NPL ratios, indicating an overall improvement in asset quality within the sector [1]

Core Viewpoint - Harbin Bank (06138) reported its 2024 annual results, showing a revenue of 14.243 billion yuan, a year-on-year increase of 7.56%, and a net profit attributable to shareholders of 920 million yuan, up 24.28% year-on-year [3] Financial Performance - The company achieved a total operating revenue of 14.243 billion yuan, reflecting a growth of 7.56% compared to the previous year [3] - The net profit attributable to shareholders reached 920 million yuan, marking a 24.28% increase year-on-year [3] - The net cash flow from operating activities was 20.676 billion yuan, which represents a decline of 55.13% year-on-year [29] - Basic earnings per share were 0.03 yuan, with a weighted average return on equity of 1.46%, an increase of 0.26 percentage points from the previous year [25][3] Valuation Metrics - As of April 28, the price-to-earnings ratio (TTM) for Harbin Bank was approximately 3.27 times, the price-to-book ratio (TTM) was about 0.06 times, and the price-to-sales ratio (TTM) was around 0.21 times [3] Revenue Composition - The revenue composition for 2024 included retail financial services contributing 6.4472 billion yuan, corporate financial services at 5.3151 billion yuan, and interbank financial services at 2.4036 billion yuan [18] Asset and Liability Changes - As of the end of 2024, the company's monetary funds increased by 56.36% compared to the previous period, while loans and advances rose by 17.5% [32] - The total deposits and interbank deposits increased by 8.11%, while the amount of sold repurchase financial assets surged by 225.46% [35]

Financial Performance - Net interest income for 2024 reached RMB 9,836.9 million, an increase of 3.01% compared to RMB 9,549.0 million in 2023[20]. - Total operating income increased by 7.56% to RMB 14,243.2 million in 2024 from RMB 13,241.7 million in 2023[20]. - Net profit attributable to shareholders of the parent company rose by 24.28% to RMB 919.7 million in 2024, up from RMB 740.0 million in 2023[20]. - The total assets of the company increased by 12.65% to RMB 916,231.9 million in 2024, compared to RMB 813,328.7 million in 2023[23]. - The net profit for 2024 was RMB 1.0824 billion, showing a significant increase of 21.88% compared to the previous year[27]. - The operating income for 2024 was RMB 14.2432 billion, representing a year-on-year growth of 7.56%[27]. - The company achieved a pre-tax profit of RMB 651.4 million and a net profit of RMB 1.0824 billion, representing a year-on-year increase of 21.9%[67]. - The company reported a total credit impairment loss of RMB 8,073.1 million for the year, compared to RMB 6,957.9 million in the previous year[163]. Asset and Loan Growth - As of December 31, 2024, the total assets of Harbin Bank amounted to RMB 916.2319 billion[13]. - The total customer loans and advances reached RMB 379.0939 billion as of December 31, 2024[13]. - Total customer deposits were RMB 693.6794 billion at the end of 2024[13]. - The loan balance stood at RMB 379.0939 billion, reflecting a growth of 17.30% year-on-year[27]. - Customer loans and advances totaled RMB 379,093.9 million in 2024, reflecting a growth of 17.30% from RMB 323,182.7 million in 2023[23]. - The total amount of customer loans and advances was RMB 379.0939 billion, an increase of RMB 55.9112 billion or 17.3% year-on-year[110]. - The total amount of personal loans was RMB 117.7799 billion, with an NPL amount of RMB 5.8556 billion, resulting in an NPL ratio of 4.97%[149]. Risk Management and Loan Quality - The non-performing loan ratio decreased to 2.84% in 2024 from 2.87% in 2023[23]. - The provision coverage ratio improved to 202.59% in 2024, up from 197.38% in 2023[23]. - The bank's non-performing loan (NPL) ratio was 2.84% as of December 31, 2024, a slight decrease from 2.87% in the previous year[140]. - The provision coverage ratio increased to 202.59%, up by 5.21 percentage points compared to the end of 2023[138]. - The overdue loans accounted for 13.6% of total loans as of December 31, 2024, a decrease of 1.2 percentage points compared to the previous year[157]. - The company implemented proactive risk management strategies, focusing on controlling new overdue loans as a key operational priority[157]. Digital Transformation and Innovation - The company plans to enhance its digital banking capabilities, including the launch of cross-border clearing and new mobile banking services by 2025[45]. - The bank has implemented a digital transformation in risk management to enhance risk identification and decision-making processes[138]. - The bank's digital transformation efforts are focused on enhancing customer experience and optimizing product functionality through technology[176]. Market Position and Recognition - The company ranked 183rd in the "2024 Global Bank 1000" list by The Banker and 282nd in the "2024 Global Bank Brand Value 500" list by Brand Finance[14]. - The company achieved 42nd place in the "2024 Top 100 Chinese Banks" list published by the China Banking Association[15]. - The company received the "2024 Digital Financial Gold List Mobile Banking Channel Integration Innovation Award" from CFCA and other organizations[15]. - The "Ice Shield Anti-Fraud Platform" won the "2024 Banking Risk Control Excellence Product Award" at the CIFS Fifth China Banking Digital Summit[15]. Customer and Deposit Growth - Retail deposits amounted to RMB 499.977 billion, representing a growth of 12.33% compared to the end of the previous year[43]. - The average balance of customer deposits reached RMB 667.803 billion in 2024, compared to RMB 629.5179 billion in 2023, indicating a growth of 6.1%[85]. - The bank achieved a market share of 19.65% in retail deposits in Harbin, maintaining the top position for seven consecutive years[174]. Corporate and Financial Services - The total balance of corporate deposits as of December 31, 2024, was RMB 193.7024 billion, indicating enhanced deposit stability[185]. - The total amount of corporate loans reached RMB 205.405 billion, an increase of RMB 21.3999 billion from the beginning of the year, accounting for 54.2% of the total loan amount[188]. - The pre-tax profit from corporate financial services was RMB 249.3 million, accounting for 38.3% of the company's total pre-tax profit[182]. - The operating income from corporate financial services was RMB 5.3151 billion, an increase of RMB 673.5 million compared to the same period last year, representing 37.3% of the company's total operating income[182]. Strategic Initiatives and Future Plans - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming year[19]. - The company aims to achieve a balanced development of scale, structure, quality, and efficiency, transitioning from scale-driven growth to value creation[46]. - The company plans to optimize its asset portfolio and credit structure while expanding funding sources to stabilize net interest margin and yield in 2025[60]. - The company aims to enhance capital management and ensure capital levels remain above regulatory requirements in 2025[62].

Core Viewpoint - Harbin Bank is enhancing its services for the elderly by introducing "Elderly Financial Specialty Services" to facilitate pension certification and other financial transactions, addressing the challenges faced by senior citizens in the digital age [1][2][3] Group 1: Service Implementation - Harbin Bank has launched a series of services aimed at assisting elderly clients with pension certification, allowing them to complete these processes with the help of bank staff [1][2] - The bank has established self-service devices across its branches to streamline the pension certification process, ensuring that retirees can access services conveniently near their homes [2] - The bank's efforts include cross-province services for social security card transactions, catering to elderly clients who may reside in different locations [2] Group 2: Commitment to Elderly Care - Harbin Bank is committed to creating a one-stop platform for elderly financial services, focusing on personalized and diverse financial needs of senior clients [2] - The bank has implemented various policies and standards to ensure that its services are age-friendly, including the establishment of evaluation norms for service demonstration points [3] - The bank conducts themed activities to promote respect and care for the elderly, further enhancing its engagement with this demographic [3]

普惠金融方面成效显著，全年投放普惠型小微企业贷款295亿元，服务小微企业19万户，贷款利率较上 年下降0.61个百分点。同时，涉农贷款余额达284.801亿元，其中备春耕贷款超120亿元，有力支持了乡 村振兴战略实施。 跨境金融取得重要进展，成功获批优质企业外汇收支便利化试点资格，并上线CIPS港币直参系统，成 为国内第二家具备该资格的城商行。通过搭建跨境数字金融平台，该行为"一带一路"企业提供了一站式 金融服务。 在服务实体经济方面，该行公司类贷款总额2,054.050亿元，重点支持了制造业、科技金融、绿色金融等 领域发展。其中，制造业贷款增长28.27%，科技金融贷款增长41%，绿色金融贷款增速更达249.46%， 体现了对实体经济的精准支持。 2024年，哈尔滨银行(06138.HK)经营业绩表现亮眼，多项指标实现稳健增长。 截至报告期末，哈尔滨银行资产规模持续扩大，全行资产总额达9,162.319亿元，较上年增长12.65%。 盈利能力显著提升，实现净利润10.824亿元，同比增长21.88%。在规模效益双增长的同时，资产质量持 续优化，不良贷款率降至2.84%，拨备覆盖率提升至202.59%，风险抵 ...

多领域发力，助力实体经济稳健前行。报告期内，集团立足金融本源，将为实体经济服务作为出发点和 落脚点。依托公司经营机构分布优势，围绕黑龙江省"三基地、一屏障、一高地"、"4567"现代产业体 系、"五篇大文章"，紧跟"成渝经济圈""京津冀一体化"等国家重点战略发展部署，为实体经济发展提供 金融支持。强化行业研究，加大科技金融、绿色金融、普惠金融、养老金融、数字金融重点领域信贷投 放；全面支持制造业转型升级，重点加大中长期制造业贷款投放力度，挖掘具有高附加值、产业链占据 核心地位的优质企业；加大对能源领域信贷投放，在保障传统能源安全的基础上，充分利用新能源发展 潜力；集中优势资源支持黑龙江省现代农业发展，依托农业产业链联动，在"龙头企业+基地+农户"一 体化生产经营模式中嵌入产业链金融；重点加大对基础设施建设项目融资支持，特别是电力、供热、交 通等民生领域；快速响应房地产融资协调机制工作要求，助力房地产市场平稳健康发展；强化同业金融 合作，积极推动银团业务开展，深化金融服务；持续加强客户走访，积极组织多种形式的银企对接，重 点强化对民营企业、小微企业的融资支持。截至2024年12月31日，集团的公司类贷款总额为人 ...

Financial Performance - Harbin Bank Co., Ltd. reported its audited financial results for the year ending December 31, 2024[4]. - Net interest income for 2024 reached RMB 9,836.9 million, a 3.01% increase from RMB 9,549.0 million in 2023[24]. - Total operating income increased by 7.56% to RMB 14,243.2 million in 2024, compared to RMB 13,241.7 million in 2023[24]. - Net profit attributable to shareholders of the parent company rose by 24.28% to RMB 919.7 million in 2024, up from RMB 740.0 million in 2023[24]. - The total assets of the company increased by 12.65% to RMB 916,231.9 million in 2024, compared to RMB 813,328.7 million in 2023[27]. - The total equity attributable to shareholders of the parent company increased by 2.53% to RMB 63,161.9 million in 2024, compared to RMB 61,604.3 million in 2023[27]. - The net profit for 2024 was RMB 1.0824 billion, showing a significant increase of 21.88% compared to the previous year[31]. - The average return on equity for 2024 was 0.69%, an increase of 0.34 percentage points compared to the previous year[59]. Asset and Loan Growth - As of December 31, 2024, the total assets of Harbin Bank reached RMB 916.2319 billion, an increase of 12.65% compared to the end of the previous year[31]. - The loan balance stood at RMB 379.0939 billion, reflecting a growth of 17.30% year-on-year[31]. - Customer loans and advances totaled RMB 379,093.9 million, reflecting a 17.30% increase from RMB 323,182.7 million in 2023[27]. - The bank's corporate loans reached RMB 205.4050 billion, an increase of RMB 21.3999 billion or 11.6% year-on-year[116]. - The balance of loans for strategic emerging industries reached RMB 5.628 billion, showing a significant growth of 398.05% year-on-year[46]. - The balance of technology finance loans was RMB 11.767 billion, reflecting a year-on-year increase of 41%[46]. - The balance of green finance loans reached RMB 10.832 billion, with a remarkable growth of 249.46% compared to the previous year[46]. Non-Performing Loans and Risk Management - The non-performing loan ratio decreased to 2.84% in 2024 from 2.87% in 2023[27]. - The provision coverage ratio improved to 202.59% in 2024, up from 197.38% in 2023[27]. - The amount of non-performing loans was RMB 10,757.0 million, compared to RMB 9,259.6 million in 2023[144]. - The bank's individual loan non-performing loan ratio was 4.97%, up from 3.93% in 2023[147]. - The overdue loans accounted for 13.6% of total loans as of December 31, 2024, a decrease of 1.2 percentage points compared to the previous year[161]. - The company plans to enhance its risk management strategies to further reduce overdue loans and improve asset quality[161]. Regulatory Compliance and Transparency - The financial statements were audited by Hong Kong Lixin Dehao Accounting Firm Limited according to international auditing standards[4]. - The company emphasizes its commitment to transparency and compliance with the Hong Kong Listing Rules[12]. - The company is not recognized as an authorized institution under the Hong Kong Banking Ordinance and is not regulated by the Hong Kong Monetary Authority[6]. - The annual report is available on the company's website and the Hong Kong Stock Exchange's disclosure platform[5]. Digital Transformation and Innovation - The company aims to enhance its digital capabilities by launching various digital banking services and platforms by 2025[49]. - The company received the "2024 Digital Financial Gold List Award" for the "Mobile Banking Channel Integration Innovation Award" and was recognized as a "Model Bank for Green Financial Practices" in 2024[19]. - The company's "Cross-Border Digital Financial Platform" won the "2024 15th Financial Product and Service Innovation Award" in December 2024[19]. - The bank's digital transformation efforts are focused on enhancing customer experience and optimizing product functionality[180]. Customer Deposits and Retail Banking - The deposit balance was RMB 693.6794 billion, which is a 7.96% increase from the previous year[31]. - Retail deposits reached RMB 499.977 billion, an increase of 12.33% from the previous year[47]. - The bank achieved a market share of 19.65% in retail deposits in Harbin, maintaining the top position for seven consecutive years[178]. - The number of retail customers increased to 14.9077 million, a growth of 260,100 customers compared to the previous year[176]. Awards and Recognition - The company ranked 183rd in the "2024 Global Bank 1000" list published by The Banker and 282nd in the "2024 Global Bank Brand Value 500" list by Brand Finance[18]. - The company was awarded the "Outstanding Regional Private Banking Service Award" and "Outstanding Wealth Capability Service Bank" by Puyin Standard in October 2024[19]. - The company was recognized as a "Demonstration Unit for Modern Bank Business Network Service Certification" by the Beijing National Financial Technology Certification Center in December 2024[19]. - The company has been included in the "National Inclusive Finance Typical Case (2024)" selection by the China Association of Small and Medium Enterprises[19].

财联社11月22日讯（记者 彭科峰） 村镇银行改革化险再添新路径！ 11月21日，国家金融监管总局官网披露，同意哈尔滨银行股份有限公司收购重庆市酉阳融兴村镇银行有 限责任公司并设立哈尔滨银行股份有限公司重庆酉阳支行、哈尔滨银行股份有限公司重庆酉阳桃花源支 行、哈尔滨银行股份有限公司重庆酉阳龙潭支行。 今日，财联社记者查询发现，依据监管部门网站信息，这也应是年内首家城商行通过收购旗下村行方式 在省外设立分支机构的案例。 哈尔滨银行大突破 收购重庆一村行并设立省外支行 昨日，国家金融监督管理总局黔江监管分局发文称，同意哈尔滨银行股份有限公司收购重庆市酉阳融兴 村镇银行有限责任公司并设立哈尔滨银行股份有限公司重庆酉阳支行、哈尔滨银行股份有限公司重庆酉 阳桃花源支行、哈尔滨银行股份有限公司重庆酉阳龙潭支行，承接重庆市酉阳融兴村镇银行有限责任公 司清产核资后的资产、负债、业务和员工。 据企查查信息，重庆市酉阳融兴村镇银行有限责任公司成立于2012年5月，其控股股东为哈尔滨银行。 此外，公开信息显示，融兴村镇银行是经中国银监会批准、由哈尔滨银行发起设立的新型农村金融机 构。成立于2008年12月30日，酉阳融兴村镇银行正 ...

Financial Performance - Total assets of the company amounted to RMB 882.8378 billion as of June 30, 2024[7] - Total customer loans and advances reached RMB 352.2373 billion as of June 30, 2024[7] - Total customer deposits stood at RMB 671.3007 billion as of June 30, 2024[7] - Net interest income increased by 12.61% to RMB 4,978.7 million in the first half of 2024 compared to the same period in 2023[10] - Net profit attributable to shareholders of the parent company rose by 29.62% to RMB 763.1 million in the first half of 2024[10] - The cost-to-income ratio decreased by 4.97 percentage points to 27.27% in the first half of 2024[10] - The average return on equity increased by 0.68 percentage points to 1.50% in the first half of 2024[10] - The net interest margin remained stable at 1.36% in the first half of 2024[10] - Total assets increased by 8.55% to RMB 882,837.8 million as of June 30, 2024, compared to RMB 813,328.7 million at the end of 2023[11] - Customer loans and advances grew by 8.99% to RMB 352,237.3 million, up from RMB 323,182.7 million at the end of 2023[11] - Customer deposits rose by 4.48% to RMB 671,300.7 million, compared to RMB 642,505.6 million at the end of 2023[11] - Net profit for the first half of 2024 increased by 20.8% to RMB 845.9 million, up from RMB 700.4 million in the same period last year[16] - Net profit attributable to parent company shareholders surged by 29.6% to RMB 763.1 million, compared to RMB 588.7 million in the same period last year[16] - Interest income increased by RMB 861.2 million (6.0%) to RMB 15,204.6 million in the first half of 2024, driven by an increase in the average balance of interest-earning assets[26][32] - Net interest income rose by RMB 557.6 million (12.6%) to RMB 4,978.7 million, primarily due to growth in interest-earning assets and a decrease in interest expenses[26][27] - Net profit increased by RMB 145.5 million (20.8%) to RMB 845.9 million, with pre-tax profit growing by 46.8% to RMB 733.9 million[26] - Customer loans and advances interest income increased by RMB 57.7 million (0.7%) to RMB 8,268.4 million, supported by expanded credit scale and reduced financing costs[28][33] - Debt securities investment interest income surged by RMB 622.4 million (301.8%) to RMB 665.4 million, reflecting higher average balances and favorable rate changes[26][31] - Net interest margin remained stable at 1.36%, while the net interest spread slightly decreased to 1.45% from 1.47% in the previous year[29] - Total interest-earning assets grew by RMB 77.9 billion (11.9%) to RMB 734.4 billion, with customer loans and advances increasing by RMB 41.4 billion (14.2%)[28][32] - Interest expenses increased by RMB 303.6 million (3.1%) to RMB 10,225.9 million, mainly due to higher customer deposits and interbank borrowing[26][29] - Credit impairment losses rose by RMB 477.5 million (12.3%) to RMB 4,363.4 million, reflecting increased provisions for potential credit risks[26] - Operating expenses decreased by RMB 167.8 million (7.4%) to RMB 2,101.4 million, driven by cost optimization efforts[26] - The company's total customer loans and advances increased to RMB 333.145 billion in 2024, with an interest income of RMB 8.268 billion and an average yield of 4.99%[34] - Debt securities investment interest income rose by 14.1% YoY to RMB 5.037 billion in H1 2024, driven by an increase in the average balance of debt securities by RMB 55.124 billion[35] - Interest income from placements with the central bank decreased by 1.9% YoY to RMB 350.5 million in H1 2024, due to a reduction in the average balance by RMB 2.356 billion[36] - Interest income from placements with other financial institutions dropped by 12.1% YoY to RMB 674.4 million in H1 2024, as the average balance decreased by RMB 21.498 billion[37] - Interest income from finance lease receivables increased by RMB 281 million YoY to RMB 874.1 million in H1 2024, with the average balance rising by RMB 5.242 billion and the average yield increasing by 1.00 percentage point[38] - Total interest expenses increased by 3.1% YoY to RMB 10.226 billion in H1 2024, driven by a rise in the average balance of interest-bearing liabilities to RMB 760.114 billion[39] - Customer deposit interest expenses grew by 0.9% YoY to RMB 8.883 billion in H1 2024, with the average balance increasing by RMB 51.746 billion[40] - Interest expenses on interbank borrowings surged by 32.2% YoY to RMB 980.6 million in H1 2024, as the average balance rose to RMB 68.663 billion[42] - Net fee and commission income decreased by 41.7% YoY to RMB 207.6 million in H1 2024, primarily due to a decline in agency and custody fees[45] - Financial investment net income surged by 301.8% YoY to RMB 665.4 million in H1 2024, driven by increased gains from the disposal of financial assets[49] - Other operating net loss decreased by RMB 0.530 billion, a decline of 59.2% year-on-year, to RMB 0.366 billion in the first half of 2024[50] - Operating expenses decreased by RMB 1.678 billion, a decline of 7.4% year-on-year, to RMB 21.014 billion in the first half of 2024[51] - Employee costs decreased by RMB 0.362 billion, a decline of 3.9% year-on-year, to RMB 8.807 billion in the first half of 2024[53] - Credit impairment losses increased by RMB 4.775 billion, a growth of 12.3% year-on-year, to RMB 43.634 billion in the first half of 2024[54] - Total assets increased by RMB 695.091 billion, a growth of 8.5% compared to the end of the previous year, to RMB 8,828.378 billion as of June 30, 2024[56] - Customer loans and advances increased by RMB 290.546 billion, a growth of 9.0% compared to the end of the previous year, to RMB 3,522.373 billion as of June 30, 2024[58] - Corporate loans increased by RMB 17.781 billion, a growth of 9.7% compared to the end of the previous year, to RMB 2,017.860 billion as of June 30, 2024[60] - Small enterprise corporate loans accounted for 43.3% of total corporate loans, amounting to RMB 87.285 billion as of June 30, 2024[61] - Small business corporate loans increased by RMB 7.97 billion, a 10.0% growth, reaching RMB 87.28 billion as of June 30, 2024[62] - Personal loans decreased by RMB 2.39 billion, a 2.0% decline, primarily due to a 3.7% drop in personal consumer loans[63] - Investment securities and other financial assets grew by RMB 16.93 billion, a 4.9% increase, totaling RMB 364.38 billion as of June 30, 2024[65] - Financial assets measured at fair value through profit or loss decreased to 23.4% of total investment securities, down from 24.7% at the end of 2023[66] - Debt investments accounted for 98.5% of total investment securities, with bond investments making up 59.7% of the total[67] - Investments in debt instruments issued by financial institutions decreased by RMB 8.31 billion, a 5.5% decline, now representing 38.8% of total investment securities[68] - Government bonds increased to 65.3% of total bond investments, up from 53.6% at the end of 2023[69] - Cash and deposits with central banks surged by RMB 36.34 billion, a 56.9% increase, reaching RMB 100.19 billion as of June 30, 2024[70] - Total liabilities increased by RMB 68.44 billion, a 9.1% growth, reaching RMB 817.88 billion as of June 30, 2024[71] - Customer deposits grew by RMB 28.80 billion, a 4.5% increase, totaling RMB 671.30 billion as of June 30, 2024[72] - Total customer deposits increased to RMB 671.3 billion as of June 30, 2024, up from RMB 642.5 billion at the end of 2023, with personal deposits accounting for 70.2% of the total[73] - Interbank deposits and borrowings rose by 26.2% to RMB 584.074 billion as of June 30, 2024, compared to the end of 2023[74] - Repurchase agreements surged by 208.4% to RMB 328.876 billion as of June 30, 2024, from the previous year-end[74] - Issued debt securities increased by 6.2% to RMB 252.002 billion as of June 30, 2024, compared to the end of 2023[75] - Total equity grew by 1.7% to RMB 649.623 billion as of June 30, 2024, with equity attributable to the parent company increasing by 1.6% to RMB 625.956 billion[76] - Off-balance sheet commitments totaled RMB 33.6648 billion as of June 30, 2024, up from RMB 31.7225 billion at the end of 2023[78] - Operating income for the six months ended June 30, 2024, is RMB 7,198.7 million, with Heilongjiang region contributing RMB 5,270.4 million (73.2%)[95][97] - Credit impairment losses for the six months ended June 30, 2024, total RMB 4,363.4 million, with the Heilongjiang region accounting for RMB 2,714.6 million[95] - Total assets as of June 30, 2024, are RMB 882,837.8 million, with the Heilongjiang region contributing RMB 681,086.2 million[95] - Total liabilities as of June 30, 2024, are RMB 817,875.5 million, with the Heilongjiang region accounting for RMB 619,926.0 million[95] - Operating profit for the six months ended June 30, 2024, is RMB 733.9 million, with the Heilongjiang region contributing RMB 1,014.7 million[95] - The company's operating expenses for the six months ended June 30, 2024, are RMB 2,101.4 million, with the Heilongjiang region accounting for RMB 1,541.1 million[95] - The company's operating income for the Heilongjiang region increased from RMB 5,093.3 million (76.5%) in 2023 to RMB 5,270.4 million (73.2%) in 2024[97] - Retail financial business revenue reached RMB 36.418 billion, accounting for 50.6% of the company's total revenue[103] - Corporate financial business revenue increased to RMB 27.229 billion, accounting for 37.8% of total revenue[98] - Corporate financial business achieved pre-tax profit of RMB 94.5 million, accounting for 12.9% of the company's total pre-tax profit, with operating income of RMB 2.7229 billion, a YoY increase of RMB 546.8 million, accounting for 37.8% of the company's total operating income[109] - Corporate deposits balance reached RMB 199.8271 billion as of June 30, 2024, with enhanced deposit stability[111] - Corporate loans totaled RMB 201.786 billion as of June 30, 2024, a 9.7% increase from the beginning of the year, accounting for 57.3% of total loans[112] - Non-interest income from corporate financial business reached RMB 35.3 million[113] - The "Bank Acceptance Bill Online Instant Discount" business under e-Rongtong achieved cumulative discounts of RMB 4.182 billion, with a discount balance of RMB 4.133 billion, an increase of RMB 3.968 billion from the beginning of the year[114] - Financial markets business achieved revenue of RMB 7.022 billion[115] - Interest income from bond investments reached RMB 3.9415 billion, with price difference income of RMB 652.3 million[116] - Investment fund balance stood at RMB 39.7956 billion, with interest income from interbank placements and loans at RMB 540.1 million[117] - Debt instruments issued by financial institutions, excluding fund investments, amounted to RMB 101.6923 billion[118] - Self-raised wealth management funds totaled RMB 25.361 billion, with outstanding self-raised wealth management products at RMB 33.486 billion[119] - Small credit balance reached RMB 203.4488 billion, accounting for 57.8% of total customer loans[120] - Small enterprise corporate loans increased by 10.0% to RMB 87.2846 billion, with a non-performing loan ratio of 3.05%[122] - Personal consumption loan balance stood at RMB 77.9379 billion[123] - Cross-border financial business asset allocation reached RMB 11.841 billion, with on-balance sheet assets increasing by RMB 6.442 billion, a growth of 125% compared to the end of the previous year[124] - Agricultural loan balance reached RMB 15.0061 billion, an increase of RMB 708.2 million from the beginning of the year[126] - Over RMB 12 billion in loans for spring plowing were issued, with new agricultural entities accounting for over 92% of the loan distribution[127] - The company's subsidiary, Ha Yin Consumer Finance, had a registered capital of RMB 1.5 billion, with the company holding a 53% stake[129] - Ha Yin Financial Leasing, another subsidiary, had a registered capital of RMB 2 billion, with the company holding an 80% stake[130] - In the first half of 2024, the company conducted 25 credit-related transactions with Ha Yin Consumer Finance, totaling RMB 6.3 billion, with a balance of RMB 6.55 billion[131] - The company conducted 15 credit-related transactions with Ha Yin Financial Leasing, totaling RMB 12.6 billion, with a balance of RMB 5.6 billion[132] - Total general related-party transactions amounted to RMB 3.835 billion, involving 135 transactions, primarily in credit, services, deposits, and other categories[133] - Credit-related transactions totaled RMB 1.36 billion across 9 transactions, including a RMB 100 million credit guarantee with Heilongjiang Student Entrepreneurship Financing Guarantee Co., Ltd[133] - Service-related transactions with Harbin Bank Consumer Finance amounted to RMB 54 million across 3 transactions[134] - Deposit-related transactions totaled RMB 2.231 billion across 121 transactions, with RMB 590 million from individual-related parties and RMB 2.12 billion from institutional-related parties[134] - The company's 30 village banks had total assets of RMB 28.069 billion, with loans decreasing by 0.51% to RMB 12.422 billion and deposits increasing by 5.41% to RMB 22.814 billion[135] - Harbin Bank Financial Leasing (Harbin Bank Leasing) reported total assets of RMB 27.135 billion, with RMB 10.724 billion in leasing business during the reporting period[136] - Harbin Bank Consumer Finance (Harbin Bank Consumer Finance) had total assets of RMB 21.48 billion, a 0.50% increase, with loan balances rising 1.02% to RMB 20.474 billion and revenue increasing 17.55% to RMB 690 million[138][139] Credit Risk and Asset Quality - Non-performing loan ratio remained stable at 2.87%, unchanged from the end of 2023[17] - Provision coverage ratio improved by 1.24 percentage points to 198.62% as of June 30, 2024[17] - Loan impairment provision ratio increased by 0.05 percentage points to 5.71% as of June 30, 2024[17] - Non-performing loan balance as of June 30, 2024, was RMB 10.1187 billion, with a non-performing loan ratio of 2.87%, unchanged from the end of the previous year[20] - Provision coverage ratio increased by 1.24 percentage points to 198.62% as of June 30, 2024, compared to the end of the previous year[20] - Total customer loans and advances reached RMB 352.2373 billion as of June 30, 2024, with normal loans accounting for 90.9% of the total[81] - Total loans increased to RMB 352.237 billion as of June 30, 2024, up from RMB 323.183 billion at the end of 2023, with a non-performing loan (NPL) ratio of 2.87%, unchanged from the previous year[83] - Corporate loans grew to RMB 201.786 billion, an increase of RMB 17.781 billion from the end of 2023, with the NPL ratio decreasing by 0.08 percentage points to 2.42%[83] - Retail loans totaled RMB 116.164 billion, with the NPL ratio rising to