Financial Performance - Revenue for the reporting period was RMB 173.377 billion, a year-on-year increase of 3.45%[5] - Net profit attributable to shareholders of the parent company was RMB 78.48 billion, up 5.88% year-on-year[5] - Net profit for the first nine months of 2024 reached RMB 215.262 billion, a year-on-year increase of 3.60%[16] - Total operating income for the first nine months of 2024 was RMB 5,402.12 billion, up 1.29% year-on-year[17] - Net interest income for the first nine months of 2024 was RMB 4,377.96 billion, a year-on-year increase of 0.96%[17] - Revenue for the first nine months of 2024 reached RMB 540,212 million, a 1.3% increase compared to RMB 533,358 million in the same period of 2023[31] - Net interest income for the first nine months of 2024 was RMB 437,796 million, up 1.0% from RMB 433,628 million in the same period of 2023[31] - Net profit attributable to shareholders of the parent company for the first nine months of 2024 was RMB 214,372 million, a 3.4% increase from RMB 207,356 million in the same period of 2023[31] - Net profit for the first nine months of 2024 was RMB 215,262 million, a 3.6% increase from RMB 207,789 million in the same period of 2023[31] - Net profit for the first nine months of 2024 reached RMB 228,157 million, a 17.4% increase compared to RMB 194,350 million in the same period of 2023[37] - Total comprehensive income for the first nine months of 2024 was RMB 232,020 million, a 16.6% increase compared to RMB 198,951 million in the same period of 2023[34] - Total comprehensive income for the first nine months of 2024 was RMB 228,157 million, up from RMB 194,350 million in the same period of 2023[37] - Basic earnings per share (EPS) for the reporting period was RMB 0.19, up 5.56% year-on-year[5] - Basic and diluted earnings per share for the first nine months of 2024 were RMB 0.56, up from RMB 0.55 in the same period of 2023[34] Asset and Liability Management - Total assets reached RMB 43.553 trillion, an increase from RMB 39.873 trillion at the end of the previous year[7] - Total assets as of September 30, 2024, were RMB 43,553.293 billion, an increase of 9.23% compared to the end of the previous year[18] - Total assets as of September 30, 2024, were RMB 43.553 trillion, an increase from RMB 39.873 trillion at the end of 2023[29] - Total liabilities as of September 30, 2024, were RMB 40.543 trillion, up from RMB 36.976 trillion at the end of 2023[30] - Shareholders' equity as of September 30, 2024, was RMB 3.010 trillion, compared to RMB 2.897 trillion at the end of 2023[30] - Total loans and advances as of September 30, 2024, were RMB 24,688.299 billion, up 9.17% compared to the end of the previous year[18] - Non-performing loan balance as of September 30, 2024, was RMB 324.836 billion, with a non-performing loan ratio of 1.32%[20] - Manufacturing loan balance as of September 30, 2024, was RMB 3.32 trillion, an increase of 12.64% compared to the end of the previous year[23] - Green credit business balance as of September 30, 2024, was RMB 4.94 trillion, up 22.12% compared to the end of the previous year[23] - Inclusive finance loan balance as of September 30, 2024, was RMB 4.59 trillion, an increase of 28.22% compared to the end of the previous year[23] - Inclusive small and micro enterprise loan balance as of September 30, 2024, was RMB 3.17 trillion, up 29.08% compared to the end of the previous year[23] - Capital adequacy ratio, Tier 1 capital adequacy ratio, and core Tier 1 capital adequacy ratio as of September 30, 2024, were 18.05%, 13.48%, and 11.42%, respectively, with a daily average liquidity coverage ratio of 126.65% for Q3 2024[24] Shareholder and Ownership Structure - The number of ordinary shareholders at the end of the reporting period was 478,067, including 457,993 A-share holders and 20,074 H-share holders[10] - Central Huijin Investment Ltd. remains the largest shareholder with a 40.14% stake, holding 140.489 billion shares[11] - The Ministry of Finance of China is the second-largest shareholder with a 35.29% stake, holding 123.515 billion shares[11] - Hong Kong Securities Clearing (Nominees) Ltd. holds 30.544 billion H-shares, representing an 8.73% stake[11] - The National Council for Social Security Fund holds 23.521 billion A-shares, accounting for a 6.72% stake[11] Cash Flow and Liquidity - Net cash flow from operating activities for the first nine months of 2024 was RMB 1.875 trillion, a significant increase of 36.04% compared to the same period last year[9] - Net cash flow from operating activities for the first nine months of 2024 was RMB 1,874,980 million, a 36.1% increase compared to RMB 1,378,296 million in the same period of 2023[38] - Net cash flow used in investing activities for the first nine months of 2024 was RMB 1,771,297 million, compared to RMB 757,789 million in the same period of 2023[39] - Net cash flow from financing activities for the first nine months of 2024 was RMB 166,316 million, slightly down from RMB 167,105 million in the same period of 2023[39] - The net change in cash and cash equivalents for the group was RMB 267,307 million for the first nine months of 2024, compared to RMB 789,157 million for the same period in 2023[40] - The net change in cash and cash equivalents for the bank was RMB 259,366 million for the first nine months of 2024, compared to RMB 787,723 million for the same period in 2023[40] - The impact of exchange rate changes on cash and cash equivalents for the group was a negative RMB 2,692 million for the first nine months of 2024, compared to a positive RMB 1,545 million for the same period in 2023[40] - The impact of exchange rate changes on cash and cash equivalents for the bank was a negative RMB 2,674 million for the first nine months of 2024, compared to a positive RMB 1,583 million for the same period in 2023[40] - The ending balance of cash and cash equivalents for the group was RMB 2,780,032 million as of September 30, 2024, compared to RMB 2,494,790 million as of September 30, 2023[40] - The ending balance of cash and cash equivalents for the bank was RMB 2,766,683 million as of September 30, 2024, compared to RMB 2,483,573 million as of September 30, 2023[40] - The beginning balance of cash and cash equivalents for the group was RMB 2,512,725 million as of January 1, 2024, compared to RMB 1,705,633 million as of January 1, 2023[40] - The beginning balance of cash and cash equivalents for the bank was RMB 2,507,317 million as of January 1, 2024, compared to RMB 1,695,850 million as of January 1, 2023[40] Dividend and Capital Activities - The board proposed an interim cash dividend of RMB 1.164 per share (tax inclusive) for 2024, totaling RMB 40.738 billion (tax inclusive), and a preferred stock dividend of RMB 5.32 per share (tax inclusive) for 2023-2024, totaling RMB 2.128 billion (tax inclusive)[26] - In July 2024, the company completed the second installment of a RMB 1 billion contribution to the National Green Development Fund and a RMB 1.075 billion contribution to the National Integrated Circuit Industry Investment Fund Phase III[25] - In August 2024, the company issued RMB 50 billion in total loss-absorbing capacity non-capital bonds and redeemed RMB 85 billion and RMB 35 billion in perpetual capital bonds in August and September, respectively[25] - The company issued debt securities worth RMB 2,920,323 million in the first nine months of 2024, up from RMB 2,657,958 million in the same period of 2023[39] - The company paid dividends and profits of RMB 96,462 million in the first nine months of 2024, up from RMB 92,435 million in the same period of 2023[39] Income and Expense Breakdown - Net fee and commission income for the first nine months of 2024 was RMB 61,653 million, a 7.6% decrease from RMB 66,757 million in the same period of 2023[31] - Credit impairment losses for the first nine months of 2024 were RMB 131,046 million, a 1.1% increase from RMB 129,576 million in the same period of 2023[31] - Other comprehensive income after tax for the first nine months of 2024 was RMB 16,758 million, compared to a loss of RMB 8,838 million in the same period of 2023[34] - Operating expenses for the first nine months of 2024 were RMB 298,573 million, a 1.0% increase from RMB 295,507 million in the same period of 2023[31] - Interest and commission income for the first nine months of 2024 was RMB 731,707 million, slightly down from RMB 737,048 million in the same period of 2023[38] - The company's deposits and placements with banks and other financial institutions increased by RMB 3,097,695 million in the first nine months of 2024, compared to RMB 4,001,865 million in the same period of 2023[38] - Loans and advances to customers increased by RMB 2,070,044 million in the first nine months of 2024, compared to RMB 2,522,321 million in the same period of 2023[38]

证券代码：601288 证券简称：农业银行 公告编号：临 2024-046 号 2.中国农业银行股份有限公司 2023 年度监事薪酬标准方案。 中国农业银行股份有限公司 监事会决议公告 中国农业银行股份有限公司监事会及全体监事保证本公告内容不存在任何 虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 中国农业银行股份有限公司（以下简称"本行"）监事会 2024 年第四次会议于 2024 年 10 月 18 日以电子邮件方式发出会议通 知，于 2024 年 10 月 30 日在北京以现场会议方式召开。会议应 出席监事 6 名，亲自出席监事 6 名。会议的召开符合法律法规、 《中国农业银行股份有限公司章程》及《中国农业银行股份有限 公司监事会议事规则》的有关规定。因本行监事长空缺，经全体 监事推举，会议由汪学军监事主持，本次监事会会议审议并通过 以下议案： 1.中国农业银行股份有限公司 2024 年第三季度报告。 议案表决情况：本议案有效表决票 6 票，同意 6 票，反对 0 票，弃权 0 票。 监事会认为，本行 2024 年第三季度报告的编制和审议程序 符合法律、行政法规和监 ...

Financial Performance - Operating income for Q3 2024 reached RMB 173,519 million, an increase of 3.37% year-on-year[4] - Net profit attributable to shareholders for Q3 2024 was RMB 78,480 million, reflecting a growth of 5.88% compared to the same period last year[4] - Basic earnings per share for Q3 2024 were RMB 0.19, a 5.56% increase year-on-year[4] - For the nine months ending September 30, 2024, the group achieved a net profit of CNY 215.26 billion, an increase of 3.60% year-on-year[13] - The group's operating income for the same period was CNY 540.66 billion, reflecting a year-on-year growth of 1.31%[13] - The net profit for the three months ended September 30, 2024, was RMB 78.768 billion, compared to RMB 73.958 billion for the same period in 2023, marking an increase of 6.1%[24] - The total comprehensive income for the nine months ended September 30, 2024, was RMB 232.020 billion, compared to RMB 198.951 billion for the same period in 2023, reflecting a growth of 16.4%[26] Assets and Liabilities - Total assets as of September 30, 2024, amounted to RMB 43,553,293 million, representing a year-on-year increase of 9.23%[4] - Total liabilities increased to CNY 40,543.00 billion, marking a growth of 9.65% year-on-year[15] - As of September 30, 2024, total assets increased to RMB 43,553,293 million, up from RMB 39,872,989 million as of December 31, 2023, representing a growth of approximately 6.7%[27][28] - The bank's total liabilities reached RMB 40,543,004 million, an increase of 9.5% from RMB 36,976,122 million at the end of 2023[27][28] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was RMB 1,874,980 million, up 36.04% from RMB 1,378,296 million in the same period of 2023[5] - The bank's net cash flow from operating activities for the nine months ended September 30, 2024, was RMB 1,874,980 million, compared to RMB 1,378,296 million for the same period in 2023, reflecting a growth of 36%[29][30] - The bank's net cash used in investing activities was RMB (1,771,297) million for the nine months ended September 30, 2024, compared to RMB (757,789) million for the same period in 2023[30] - The bank's net cash from financing activities was RMB 166,316 million for the nine months ended September 30, 2024, slightly down from RMB 167,105 million for the same period in 2023[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 478,067, with the top ten shareholders holding a combined 40.14% of shares[6] - Central Huijin Investment Ltd. and the Ministry of Finance of the People's Republic of China were the largest shareholders, holding 40.14% and 35.29% of shares respectively[6] - The board proposed a mid-year cash dividend of RMB 1.164 per share, totaling RMB 40.738 billion, subject to shareholder approval[21] Loan and Credit Information - Customer loans and advances totaled CNY 24,688.30 billion, growing by 9.17% from the end of the previous year[14] - The balance of loans to the manufacturing sector was RMB 3.32 trillion, up RMB 373 billion, representing a growth of 12.64%[18] - The balance of green credit business reached RMB 4.94 trillion, increasing by RMB 895.7 billion, or 22.12%[18] - Inclusive finance loans amounted to RMB 4.59 trillion, with an increase of RMB 1,011.1 billion, reflecting a growth of 28.22%[18] - As of September 30, 2024, the total amount of loans and advances to county customers reached RMB 9,732.28 billion, an increase of RMB 956.33 billion, or 10.90% compared to the end of the previous year[17] Ratios and Returns - The weighted average return on equity (annualized) for Q3 2024 was 12.07%, a decrease of 0.36 percentage points compared to the previous year[4] - The annualized average total asset return was 0.69%, a decrease of 0.07 percentage points year-on-year[13] - The capital adequacy ratio, Tier 1 capital ratio, and core Tier 1 capital ratio were 18.05%, 13.48%, and 11.42%, respectively, as of September 30, 2024[19] - The average liquidity coverage ratio for the third quarter of 2024 was 126.65%[19] Other Financial Metrics - Net interest income reached CNY 437.80 billion, up 0.96% compared to the previous year, with a net interest margin of 1.45%[13] - The provision coverage ratio was 302.36%, down by 1.51 percentage points compared to the previous year-end[16] - Non-performing loan balance stood at CNY 324.84 billion, with a non-performing loan ratio of 1.32%, a decrease of 0.01 percentage points from the end of the previous year[16] - The bank's equity attributable to shareholders increased to RMB 3,003,722 million, up from RMB 2,889,248 million, marking a growth of 3.9%[28] - The bank's pre-tax profit for the nine months ended September 30, 2024, was RMB 241,346 million, slightly up from RMB 237,410 million in the same period of 2023[29]

证券代码：601288 证券简称：农业银行 公告编号：临2024-044号 中国农业银行股份有限公司 优先股一期2023-2024年度股息发放实施公告 中国农业银行股份有限公司董事会及全体董事保证本公告内容不存在任何 虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性 承担法律责任。 重要内容提示： 中国农业银行股份有限公司（以下简称"本行"）优先股一期（以 下简称"农行优1"）2023-2024年度股息发放方案，已经本行2024年8 月30日召开的董事会会议审议通过。现将具体实施事项公告如下： 一、农行优1股息发放方案 1 优先股代码：360001 优先股简称：农行优1 每股优先股派发现金股息人民币5.32元（含税） 最后交易日：2024年11月1日 股权登记日：2024年11月4日 除息日：2024年11月4日 股息发放日：2024年11月5日 1. 发放金额：按照农行优1票面股息率5.32%计算，每股发放现 金股息人民币5.32元（含税），合计派发人民币21.28亿元（含税）。 2. 发放对象：截至2024年11月4日上海证券交易所收市后，在中 国证券登记结算有限责任公司上海分公司登记 ...

中国农业银行股份有限公司董事会及全体董事保证本公告内容不存在任何 虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性 承担法律责任。 重要内容提示： 证券代码：601288 证券简称：农业银行 公告编号：临 2024-043 号 中国农业银行股份有限公司 关于召开2024年三季度业绩说明会的公告 中国内地：+86 4001 510 286；中国香港：+852 8009 312 66； 全球地区：+86 010 2137 7168 中文参会密码：794250；英文参会密码：490282 投资者如需提问，可于2024年10月28日（星期一）23:59前将相关 问题通过电子邮件形式发送至本行投资者关系邮箱： ir@abchina.com，或在会议召开时提问。 中国内地：+86 4001 510 286；中国香港：+852 8009 312 66； 中国农业银行股份有限公司（以下简称"本行"）拟于2024年10月 30日（星期三）披露本行2024年三季度业绩。为了便于广大投资者更 1 会议召开时间：2024年10月30日（星期三）17:00-18:00 会议召开方式：电话会议 会议接入方式： 全面深 ...

1288 董事會會議召開日期 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。 中國北京 2024年10月18日 AGRICULTURAL BANK OF CHINA LIMITED 於本公告日期，本行的執行董事為谷澍先生、王志恒先生、張旭光先生和林立先生；本行的非執行董事為 周濟女士、李蔚先生、劉曉鵬先生、肖翔先生和張奇先生；本行的獨立非執行董事為梁高美懿女士、吳聯生先生、 汪昌雲先生和鞠建東先生。 中國農業銀行股份有限公司（「本行」）董事會（「董事會」）謹此宣佈，本行將於2024年10月 30日（星期三）召開董事會會議，以考慮及批准（其中包括）本行截至2024年9月30日的第三 季度業績。 承董事會命 中國農業銀行股份有限公司 劉清 公司秘書 ...

Investment Rating - The investment rating for Agricultural Bank of China Limited is Overweight [1][3]. Core Views - The report highlights a play on the government's economic rebalancing, with continuously improving asset quality and the highest NPL coverage ratio among the Big 5 banks [5]. - The bank has a strong deposit franchise, particularly in rural areas, leading to a stable funding structure, with deposits accounting for 78% of total liabilities in FY2023 [5]. - The valuation is attractive, with a projected 2024E dividend yield of 7.7%, compared to 5.3% for ABC-A [5]. Earnings Forecasts - Earnings forecasts for Agricultural Bank of China Limited have been revised following 2Q24 results, with net interest margin (NIM) forecasts adjusted to 1.43%/1.39%/1.42% for 2024/25/26 [1]. - Loan growth estimates have been raised to 9.2%/7.7%/6.3% for the same periods, leading to higher net interest income growth forecasts of 2.3%/5.1%/9.6% in 2024/25/26 [1]. - Net profit forecasts have been slightly revised up to 2.2%/2.7%/2.5% for 2024/25/26, with EPS estimates increased by 1.1%/1.1%/0.7% for the same years [1]. Price Target and Valuation - The price target for Agricultural Bank of China Limited is set at HK$4.40, with a bull case price target of HK$6.59 and a bear case of HK$1.55 [3][4]. - The report employs a three-stage dividend discount model with a probability-weighted approach, assigning 60% to the base case, 20% to the bull case, and 20% to the bear case [6]. Risk Reward Themes - The risk-reward chart indicates a 94% Overweight rating, with 0% Equal-weight and 6% Underweight [6]. - Key themes include pricing power being negative, with various scenarios outlined for bull, base, and bear cases reflecting different economic conditions [6][7].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國農業銀行股份有限公司 呈交日期: 2024年9月30日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01288 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 30,738,823,096 | RMB | | 1 RMB | | 30,738,823,096 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 30,738,823,096 | RMB | | 1 RMB | | 30,738,823,096 | | 2. 股份分類 | 普通股 | 股 ...

特此公告。 中国农业银行股份有限公司董事会 中国农业银行股份有限公司 关于副董事长、执行董事任职的公告 中国农业银行股份有限公司董事会及全体董事保证本公告内容不存在任何虚 假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 中国农业银行股份有限公司（以下简称"本行"）近日收到 《国家金融监督管理总局关于王志恒农业银行副董事长、董事任 职资格的批复》（金复〔2024〕638号）。根据相关规定及董事会 决议，王志恒先生自2024年9月27日起就任本行副董事长、执行 董事，以及董事会"三农"金融与普惠金融发展委员会委员、主 席，战略规划与可持续发展委员会委员，提名与薪酬委员会委员。 王志恒先生的简历请参见本行2024年8月20日刊载于上海证 券交易所网站（www.sse.com.cn）的《中国农业银行股份有限公 司2024年度第二次临时股东大会会议资料》。 证券代码：601288 证券简称：农业银行 公告编号：临 2024-042 号 二〇二四年九月二十九日 1 ...

Financial Performance - Agricultural Bank of China reported a significant increase in net profit, reaching RMB 100 billion, representing a year-on-year growth of 12%[5]. - Net profit for the first half of 2024 was RMB 136,494 million, compared to RMB 133,831 million in the same period of 2023, reflecting a growth of 2.5%[13]. - The company achieved operating revenue of RMB 367.1 billion and net profit of RMB 136.5 billion for the first half of 2024, representing year-on-year growth of 0.4% and 2.0% respectively[17]. - The bank's total operating income for the first half of 2024 was RMB 367,140 million, slightly up from RMB 365,794 million in the same period of 2023[44]. - The company reported a net cash flow from operating activities of RMB 291,380 million for the first half of 2024, a significant decrease from RMB 1,353,499 million in the first half of 2023[13]. Asset Growth - The bank's total assets grew to RMB 30 trillion, an increase of 8% compared to the previous year[5]. - Total assets as of June 30, 2024, reached RMB 41,984,553 million, an increase from RMB 39,872,989 million at the end of 2022[12]. - Total assets reached RMB 42 trillion, an increase of 5.3% compared to the end of the previous year, with total customer loans and advances amounting to RMB 24.4 trillion, up 7.8%[17]. Loan and Credit Management - Customer loans and advances totaled RMB 24,388,702 million as of June 30, 2024, an increase from RMB 22,614,621 million at the end of 2022[12]. - The balance of loans to strategic emerging industries reached RMB 2.63 trillion, reflecting a growth of 25.0% compared to the end of the previous year[18]. - The balance of loans to private enterprises reached CNY 6.24 trillion, an increase of CNY 78.67 billion, representing a growth of 14.4%[83]. - The loan balance for rural industries was CNY 2.26 trillion, up CNY 420.2 billion or 22.8% year-on-year[133]. - The total amount of personal housing loans was RMB 5,070,154 million, accounting for 58.6% of personal loans, down from 64.1% at the end of 2023[54]. Risk Management - Risk management strategies have been strengthened, resulting in a reduction of non-performing loans to 1.5% of total loans[5]. - The non-performing loan ratio improved to 1.32% as of June 30, 2024, compared to 1.37% at the end of 2022[11]. - The provision coverage ratio stood at 303.94%, indicating strong risk mitigation capabilities[139]. - The company has implemented a management model combining five-level and twelve-level classifications for credit risk, reflecting the risk levels of credit assets prudently[140]. Digital Banking and Technology - New product launches in digital banking have contributed to a 20% increase in transaction volume[5]. - The company has established over 45,000 high-frequency internet scenarios, enhancing its digital financial service capabilities[18]. - The bank is actively enhancing its technology finance services, establishing a comprehensive service network to support technology-driven enterprises[77]. - The bank's digital RMB project has progressed to the minimum viable product stage, facilitating cross-border transaction payments for multiple enterprises[111]. Green Finance Initiatives - The bank is committed to green finance, with RMB 200 billion allocated for sustainable projects over the next five years[5]. - The balance of green credit exceeded RMB 4.8 trillion, supporting the company's commitment to green finance initiatives[18]. - The bank's green credit balance exceeded RMB 4.8 trillion as of June 30, 2024, reflecting a strong commitment to green finance[179]. - The company provided financing exceeding 210 billion yuan for the green industry in the first half of the year, representing a 30% year-on-year growth, focusing on clean energy, pollution prevention, and green industry upgrades[182]. Customer Engagement and Services - User data indicates a rise in active accounts, with over 500 million registered users, marking a 15% increase year-on-year[5]. - The monthly active users of the mobile banking app reached 231 million as of June 30, 2024, an increase of 18.28 million compared to the end of the previous year[108]. - The bank provided on-site services to 129,000 elderly and special groups in the first half of the year[196]. - The bank's customer satisfaction rate for voice service was 99.88%, with a call connection rate of 97.52%[198]. Financial Investments - Financial investments increased by 14.6% to RMB 12,853,509 million, contributing to the overall asset growth[48]. - The bank's investment in government bonds remained strong, optimizing the structure of credit bond investments to support national strategic projects[97]. - The bank's self-operated green bond investment reached RMB 149.13 billion, a 3.3% increase from the end of the previous year[180]. Operational Efficiency - The cost-to-income ratio for the first half of 2024 was 27.44%, slightly higher than 27.37% in the first half of 2023[14]. - Operating expenses rose by 0.9% to RMB 108,679 million, with a cost-to-income ratio of 27.44%, up 0.07 percentage points from the previous year[40]. - The bank's liquidity ratio for RMB was 80.35%, significantly above the regulatory requirement of 25%[75]. Employee and Community Engagement - The company increased employee training efforts, with approximately 439,000 employees participating in various training programs in the first half of the year[187]. - The company organized various cultural activities, with over 177,000 participants, to enhance employee engagement and well-being[188]. - The bank's charity initiatives included 111 film narration sessions and 10,300 hours of volunteer service by June 2024[199].