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汇丰控股(00005) - 2024 - 中期财报
00005HSBC HOLDINGS(00005)2024-08-22 23:30

Financial Performance - HSBC reported a pre-tax profit of 21.6billionforthefirsthalfof2024,aslightdecreasefrom21.6 billion for the first half of 2024, a slight decrease from 21.7 billion in the same period of 2023[14]. - The net profit after tax for the first half of 2024 is 17,665million,comparedto17,665 million, compared to 18,071 million in the same period of 2023[71]. - The pre-tax profit for the first half of the year was 21.6billion,stablecomparedtothesameperiodin2023,includinga21.6 billion, stable compared to the same period in 2023, including a 4.8 billion gain from the sale of the Canadian banking business[35]. - The reported pre-tax profit for the first half of 2024 is 21.6billion,similartothefirsthalfof2023,withagainof21.6 billion, similar to the first half of 2023, with a gain of 4.8 billion from the sale of the Canadian banking business included[101]. - The company reported a net profit of 17,665millionfortheperiodendingJune30,2024[192].−Thetotalcomprehensiveincomefortheperiodreached17,665 million for the period ending June 30, 2024[192]. - The total comprehensive income for the period reached 12,510 million, driven by strong performance across various segments[173]. Revenue and Income - Revenue increased to 33.7billion,a233.7 billion, a 2% rise on a constant currency basis, primarily driven by growth in wealth management and personal banking[23]. - The reported revenue for the first half of 2024 was 37.3 billion, an increase of 1% compared to the first half of 2023, and a 3% increase when adjusted for constant currency[41]. - The total revenue for the first half of 2024 was 10.9billion,adecreaseof10.9 billion, a decrease of 1.2 billion or 10% compared to the same period in 2023, primarily due to the non-recurrence of a 1.6billiongainfromtheacquisitionofUKSiliconValleyBank[150].−Thewealthmanagementandpersonalbankingsegmentsawnon−interestincomeincreaseby381.6 billion gain from the acquisition of UK Silicon Valley Bank[150]. - The wealth management and personal banking segment saw non-interest income increase by 38% to 6.5 billion, reflecting strong growth in private banking and investment products[109]. - The company reported a total revenue of 8,158million,withnetincomeafterexpensesamountingto8,158 million, with net income after expenses amounting to 6,200 million[177]. Operating Expenses - The bank's operating expenses increased by 7% to 16.3billioncomparedto16.3 billion compared to 15.5 billion in the first half of 2023[14]. - Operating expenses for the first half of 2024 were 16.3billion,anincreaseof16.3 billion, an increase of 0.8 billion or 5% due to technology investments and inflation[101]. - Operating expenses rose by 5% to 7.4billion,drivenbycontinuedinvestmentinAsianwealthmanagementandtechnology[114].CapitalandRatios−Thebank′scommonequitytier1capitalratiostoodat157.4 billion, driven by continued investment in Asian wealth management and technology[114]. Capital and Ratios - The bank's common equity tier 1 capital ratio stood at 15%[14]. - The common equity tier 1 capital ratio was 15%, up 0.2 percentage points from Q4 2023, due to a reduction in risk-weighted assets[23]. - The leverage ratio stands at 5.7%[74]. - The average liquidity coverage ratio is 137%[74]. - The cost-to-income ratio for the first half of 2024 is 43.7%, an increase from 41.9% in the first half of 2023[71]. Customer and Market Growth - Customer accounts reached 16 trillion, reflecting growth across all business segments, particularly in Asia[23]. - The international client base reached 7 million in H1 2024, generating revenue three times that of domestic clients[45]. - The number of international retail customers grew by approximately 11%, reaching a total of 7 million, with a 6% increase in revenue from these customers[52]. - In Hong Kong, the bank opened accounts for 345,000 new customers in the first half of 2024, a 77% increase compared to the first half of 2023[57]. Sustainable Financing and Investment - The total sustainable financing and investment facilitated by HSBC reached 339.9billionsinceJanuary2020[14].−Thecompanyaimstoprovideandfacilitatebetween339.9 billion since January 2020[14]. - The company aims to provide and facilitate between 750 billion to 1trillioninsustainablefinancingandinvestmentby2030[20].−Thecompanyhasprovidedandfacilitated1 trillion in sustainable financing and investment by 2030[20]. - The company has provided and facilitated 45.5 billion in sustainable financing and investment in the first half of 2024, with a cumulative total of 339.9billionsinceJanuary1,2020[20].−HSBCaimstosupportclientsintransitioningtonet−zerocarbonemissionsbyproviding339.9 billion since January 1, 2020[20]. - HSBC aims to support clients in transitioning to net-zero carbon emissions by providing 750 billion to 1trillioninsustainablefinancingby2030[85].StrategicInitiatives−Thebankaimstoenhancecustomerserviceandincreaseshareholderreturnsthroughaclearstrategyfocusedonrevenuegenerationandprofitgrowth[13].−HSBC′sstrategyemphasizesbecomingthepreferredinternationalfinancialpartnerforcustomers,supportinglong−termsustainableoperations[13].−ThecompanyplanstosellitsoperationsinArgentina,withapre−taxlossof1 trillion in sustainable financing by 2030[85]. Strategic Initiatives - The bank aims to enhance customer service and increase shareholder returns through a clear strategy focused on revenue generation and profit growth[13]. - HSBC's strategy emphasizes becoming the preferred international financial partner for customers, supporting long-term sustainable operations[13]. - The company plans to sell its operations in Argentina, with a pre-tax loss of 1.2 billion recognized in the first quarter of 2024[18]. - The company completed the sale of its retail banking operations in France, Canada, and Russia in the first half of 2024, with a gain of 4.8billionfromtheCanadiansale[18].DigitalTransformation−HSBC′sdigitalserviceusageamongcustomersincreased,reflectingagrowingtrendtowardsdigitalbankingsolutions[14].−Thecompanycontinuestoinvestindigitalservicestoenhancecustomerengagementandstreamlineprocesses[83].−AsofMay2024,83.94.8 billion from the Canadian sale[18]. Digital Transformation - HSBC's digital service usage among customers increased, reflecting a growing trend towards digital banking solutions[14]. - The company continues to invest in digital services to enhance customer engagement and streamline processes[83]. - As of May 2024, 83.9% of commercial banking clients regularly used digital services, up 1.2 percentage points from May 2023[47]. - In H1 2024, 80% of wealth management and personal banking international accounts were opened digitally, a significant increase of 34 percentage points compared to H1 2023[47]. Diversity and Inclusion - The bank's commitment to diversity is evident, with 34.4% of senior leadership positions held by women, up from 34.1% at the end of 2023[14]. - HSBC's commitment to diversity is reflected in its leadership, with 34.4% of senior leadership positions held by women and 3.1% by individuals from Black ethnic backgrounds as of mid-2024[93]. Future Outlook - The expected net interest income for 2024 is approximately 43 billion, contingent on global interest rate trends[18]. - The company aims to achieve an average tangible equity return of approximately 15% for both 2024 and 2025, excluding significant items[18]. - The company has established a new variable compensation structure to enhance transparency and maintain performance-based rewards[20].