郑州银行(002936) - 2024 Q2 - 季度财报

Financial Performance - The bank reported a total revenue of RMB 1.2 billion for the first half of 2024, representing a year-on-year increase of 15%[31]. - Net profit attributable to shareholders reached RMB 400 million, up 10% compared to the same period last year[31]. - The total operating revenue for the first half of 2024 was RMB 6,393,066 thousand, a decrease of 7.59% compared to RMB 6,918,370 thousand in the same period of 2023[33]. - The net profit attributable to shareholders for the first half of 2024 was RMB 1,593,861 thousand, down 22.12% from RMB 2,046,633 thousand in the first half of 2023[33]. - The bank's total profit decreased by RMB 657 million, a drop of 26.02% compared to the previous year[53]. - The bank's basic earnings per share for the first half of 2024 was RMB 0.18, a decrease of 21.74% from RMB 0.23 in the same period of 2023[33]. - Net profit for the period was RMB 1.649 billion, down 22.01% compared to the previous year[53]. Asset and Liability Management - The bank's total assets increased to RMB 150 billion, reflecting a growth of 12% year-on-year[31]. - The total assets as of June 30, 2024, reached RMB 645,680,374 thousand, reflecting a 2.37% increase from RMB 630,709,429 thousand at the end of 2023[34]. - The total liabilities reached RMB 589,356,033 thousand, reflecting an increase of RMB 129,610 thousand, or 2.25%, compared to the previous year[96]. - The bank's total equity reached RMB 56,324,341 thousand, an increase of RMB 20,090 thousand, or 3.70%, from RMB 54,314,856 thousand at the end of the previous year[100]. - The total amount of loans and advances (excluding accrued interest) amounted to RMB 372,827,943 thousand, a 3.39% increase from RMB 360,608,206 thousand at the end of 2023[34]. Loan and Deposit Growth - Customer deposits grew by 18% to RMB 120 billion, indicating strong customer confidence and market position[31]. - The bank's loans to small and micro enterprises reached RMB 78 trillion, with inclusive small and micro enterprise loans growing by 17.1% year-on-year[43]. - Personal deposits totaled RMB 199.54 billion, an increase of 18.32% year-on-year, while personal loans grew to RMB 86.40 billion, up 2.68%[148]. - The total amount of loans reached RMB 372.83 billion, with RMB 355.50 billion in current loans, representing 95.35% of the total[115]. Risk Management - The non-performing loan ratio improved to 1.5%, down from 1.8% in the previous year, showcasing better asset quality management[31]. - The non-performing loan ratio remained stable at 1.87% as of June 30, 2024, unchanged from the end of 2023[35]. - The bank emphasizes compliance and risk management, aiming to strengthen internal controls and ensure stable operations[47]. - The bank's non-performing loan ratio was not explicitly stated but indicated by the overdue loan statistics[115]. - The bank's credit impairment losses totaled RMB 2.861 billion, a decrease of RMB 17 million or 0.58% year-on-year[79]. Investment and Technology - Investment in technology and digital banking solutions increased by 25%, focusing on improving customer experience and operational efficiency[31]. - The bank plans to continue expanding its corporate loan portfolio while maintaining a focus on risk control and asset quality[87]. - The bank plans to focus on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance to drive strategic transformation[171]. - The bank will continue to increase investment in technology to enhance financial service efficiency and customer experience[171]. Shareholder Information - As of June 30, 2024, the total number of ordinary shares issued by the company is 9,092,091,358, consisting of 7,071,633,358 A-shares and 2,020,458,000 H-shares[174]. - The largest shareholder, Hong Kong Central Clearing (Agency) Limited, holds 2,020,252,753 H-shares, representing 22.22% of the total shares[181]. - The company did not conduct any share buybacks during the reporting period[174]. - The report confirms that all data is sourced from the shareholder register as of June 30, 2024[182]. Operational Efficiency - The bank's net cash flow from operating activities for the first half of 2024 was negative at RMB (4,404,722) thousand, compared to RMB (467,243) thousand in the same period of 2023, indicating a significant increase in cash outflow[33]. - The bank's average balance of loans and advances increased by RMB 229.19 billion year-on-year, with interest income from loans totaling RMB 7.73 billion, down RMB 0.57 billion or 6.82% from the previous year[61]. - The bank's average balance of interest-earning assets increased to RMB 589.20 billion, with total interest income of RMB 11.78 billion, down from RMB 12.40 billion in the previous year[57]. Regulatory Compliance - The bank's liquidity coverage ratio as of June 30, 2024, was 207.98%, down from 265.83% at the end of 2023, indicating a decrease in liquidity[36]. - The liquidity ratio of Zhengzhou Bank is 74.83%, exceeding the regulatory requirement of no less than 25%[163]. - The net stable funding ratio is 114.63%, also meeting the regulatory threshold of 100%[163]. Community and Economic Support - The bank is focused on supporting local economic development and small and medium-sized enterprises, aligning with national and regional strategic initiatives[141]. - The bank actively promoted rural financial services, enhancing service channels and improving the financial experience for rural residents[153]. - The bank aims to enhance its service to the real economy and support the development of seven major industrial clusters and the stable health of the real estate market[171].