Dividends and Shareholder Information - The bank distributed a cash dividend of RMB 1.97 per share for the 2020 fiscal year, totaling approximately RMB 57.994 billion before tax[10]. - The bank did not declare an interim dividend for ordinary shares for 2021 and will not implement a capital reserve increase[10]. - As of June 30, 2021, the total number of ordinary shares was 294,387,791,241, consisting of 210,765,514,846 A-shares (71.59%) and 83,622,276,395 H-shares (28.41%)[190]. - The total number of ordinary shareholders as of June 30, 2021, was 744,370, including 566,771 A-share shareholders and 177,599 H-share shareholders[191]. - The largest shareholder, Central Huijin Investment Ltd., held 188,461,533,607 shares, representing 64.02% of the total[192]. Financial Performance - Net interest income for the first half of 2021 was RMB 208.77 billion, an increase of 1.66% compared to RMB 205.41 billion in the same period of 2020[18]. - Non-interest income rose to RMB 94.08 billion, up 15.36% from RMB 81.57 billion year-on-year[18]. - Total operating income reached RMB 302.86 billion, reflecting a growth of 5.88% from RMB 286.98 billion in the first half of 2020[18]. - The bank's net profit after tax for the first half of 2021 was RMB 118.55 billion, representing a 9.06% increase from RMB 107.81 billion in the same period last year[18]. - The group achieved a net profit of RMB 118.55 billion in the first half of 2021, representing a year-on-year growth of 9.96%[25]. Assets and Liabilities - Total assets as of June 30, 2021, amounted to RMB 26.32 trillion, up from RMB 24.40 trillion at the end of 2020, marking a growth of 7.87%[18]. - Total liabilities increased to CNY 24,086.98 billion, up CNY 1,847.16 billion or 8.31% compared to the end of the previous year[44]. - Customer loans totaled CNY 15,416.40 billion, reflecting an increase of CNY 1,199.92 billion or 8.44% year-on-year[48]. - Customer deposits reached CNY 182,277.71 billion, an increase of CNY 134.86 billion or 7.99% from the end of the previous year[53]. Risk Management - The bank is actively managing various risks, including credit risk from borrowers and market price fluctuations, while ensuring compliance with regulatory requirements[12]. - The bank's risk management section provides detailed insights into the measures taken to mitigate various operational risks[12]. - The non-performing loan ratio remained stable at 1.30%, unchanged from the end of 2020[18]. - The group reported a non-performing loan (NPL) total of RMB 200.35 billion as of June 30, 2021, a decrease of RMB 6.93 billion from the end of the previous year, with an NPL ratio of 1.30%, down 0.16 percentage points[155]. Capital Adequacy - The bank's core tier 1 capital adequacy ratio was 10.80%, down from 11.28% at the end of 2020[18]. - As of June 30, the bank's capital adequacy ratio was 15.61%, down from 16.22% at the end of 2020[179]. - The bank's leverage ratio was 7.39% as of June 30, down from 7.70% at the end of 2020[181]. Digital Transformation and Innovation - The bank is enhancing its digital transformation strategy, focusing on improving customer experience and expanding mobile payment applications[86]. - The electronic channel transaction amount reached CNY 156.55 trillion in the first half of 2021, a year-on-year increase of 16.87%, with mobile banking transactions amounting to CNY 19.75 trillion, up 27.10%[140]. - BOC Fintech is focusing on technology innovation in areas such as blockchain and privacy computing to enhance its service offerings[137]. Green Finance Initiatives - The company actively promotes green finance initiatives, aligning with national carbon peak and carbon neutrality strategies, and has established a green finance committee for better management[187]. - The bank actively supports green finance, having underwritten green bonds totaling ¥50.901 billion, including the first domestic carbon-neutral bonds[91]. - The company is committed to developing innovative green financial products, including green credit, green bonds, and green asset management services[187]. Corporate Social Responsibility - The company raised a total of 1.81 million RMB for 104 fundraising activities benefiting 48 charitable organizations, with 36,300 donors participating in the first half of the year[186]. - The company has issued a total of 247 billion RMB in student loans, supporting over 1.8 million economically disadvantaged students[186]. - The company has participated in various environmental public welfare activities, promoting a green office and lifestyle among employees[187]. International Operations - The bank has established 556 overseas branches covering 61 countries and regions, including 25 "Belt and Road" countries[97]. - The bank's cross-border RMB clearing volume reached 311 trillion yuan in the first half of the year, a year-on-year increase of over 35%[103]. - The bank's overseas personal customer service system covers over 30 countries and regions, serving more than 6 million customers[100].
中国银行(03988) - 2021 - 中期财报