Dividend and Shareholder Information - The proposed cash dividend for the 2024 interim period is RMB 1.847 per 10 shares, totaling RMB 9,873,422,861.90 (tax included) based on a total share capital of 53,456,539,588 shares as of June 30, 2024[3]. - The company plans to distribute the interim dividend to H-share shareholders on January 15, 2025, pending approval at the extraordinary general meeting[3]. - The company will suspend share transfer registration from December 13 to December 18, 2024, for H-share shareholders to receive the proposed interim dividend[3]. Financial Performance - The interim financial information for the six months ended June 30, 2024, has been prepared in accordance with Chinese accounting standards and international financial reporting standards[5]. - For the first half of 2024, the company's total operating income reached RMB 108,640 million, a 2.60% increase compared to RMB 105,885 million in the same period of 2023[14]. - Net profit for the first half of 2024 was reported at 25 billion CNY, an increase of 12% compared to the same period last year[10]. - Net profit attributable to shareholders was RMB 35,490 million, reflecting a decrease of 1.60% from RMB 36,067 million in the first half of 2023[14]. - The net cash flow from operating activities was negative RMB 341,909 million, a significant decline from negative RMB 123,018 million in the same period last year, marking a 177.93% increase in cash outflow[14]. Risk Management and Compliance - The board of directors has confirmed the accuracy and completeness of the 2024 interim report, which has been reviewed by KPMG according to applicable standards[5]. - The company has not identified any significant risks that could adversely affect its future development strategy and operational goals during the reporting period[5]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans mentioned in the report[5]. Asset and Loan Information - The bank's total assets reached approximately 3 trillion CNY, reflecting a year-on-year growth of 8%[10]. - The total assets as of June 30, 2024, amounted to RMB 9,104,623 million, representing a 0.58% increase from RMB 9,052,484 million at the end of 2023[16]. - The total amount of loans and advances (excluding accrued interest) was CNY 55,936.71 billion, an increase of 1.73% from the end of the previous year[59]. - The non-performing loan (NPL) ratio stood at 1.19% as of June 30, 2024, a slight increase from 1.18% at the end of December 2023[81]. - The company’s normal loans amounted to RMB 5,527,091 million, accounting for 98.81% of total loans, with a slight decrease in proportion from 98.82% at the end of December 2023[81]. Customer and Market Growth - User data indicates a growth in active digital banking users by 15%, reaching 50 million[10]. - The company aims to become a leading comprehensive financing bank, focusing on wealth management, international business, and digital banking[22][23]. - The company is focused on providing customized financial services to various customer segments, including government, enterprises, and individuals[24]. Digital Transformation and Innovation - The company is committed to leveraging financial technology, integrating AI, big data, and blockchain into its operations to enhance competitiveness[25]. - The company has launched six key digital transformation projects to strengthen its digital financial capabilities[177]. - The mobile banking app has been continuously optimized to improve user experience and service functionality, enhancing customer engagement[182]. Investment and Financial Products - The company has implemented proactive fiscal policies to support major national strategies and improve financial risk management[20]. - The company is enhancing its digital risk control capabilities to improve the precision of risk model identification in response to rising credit risks in the credit card sector[124]. - The company achieved a retail insurance sales scale of CNY 12.917 billion during the reporting period, with long-term protection products accounting for 48.91% of total sales, outperforming market levels[159]. International and Cross-Border Operations - The bank's overseas institution layout was enhanced with the opening of its Hong Kong branch, furthering its global financial service platform[133]. - The international business launched the "Xin Foreign Exchange+" cross-border comprehensive financial service system, enhancing cross-border service capabilities[146]. - The transaction scale of "Xin Exchange E-commerce" reached USD 5.115 billion, serving 56,200 small and medium-sized foreign trade customers[146]. Corporate Social Responsibility - The company raised over CNY 4.6 billion for charitable financial products during the reporting period, supporting national poverty alleviation efforts[159]. - The company is committed to supporting the Belt and Road Initiative by providing quality financial services[196].
中信银行(00998) - 2024 - 中期业绩