Financial Performance - Guizhou Bank reported a net interest income of RMB 4,342.58 million for the first half of 2024, a decrease of 13.77% compared to RMB 5,036.29 million in 2023[16]. - Total operating income for the bank was RMB 5,967.27 million, down 7.20% from RMB 6,429.95 million in the previous year[16]. - The bank's net profit for the first half of 2024 was RMB 2,122.50 million, reflecting a decline of 3.80% from RMB 2,206.35 million in 2023[16]. - The company achieved a pre-tax profit of 2.44 billion RMB in the first half of 2024, a decrease of 5.17% year-on-year[40]. - Net profit for the same period was 2.12 billion RMB, down 3.80% compared to the previous year[40]. - Interest income totaled 10.96 billion RMB, a decline of 5.45% from 11.59 billion RMB in the previous year[41]. - The company processed 336 million electronic financial transactions, an increase of 24.12% year-on-year[39]. - The bank's total operating expenses for the six months ending June 30, 2024, amount to RMB 1.613 billion[104]. Asset and Liability Management - The total assets of Guizhou Bank reached RMB 588,440.54 million as of June 30, 2024, representing a growth of 2.02% from RMB 576,786.03 million at the end of 2023[17]. - Guizhou Bank's total liabilities increased to RMB 332,691.36 million, up 5.08% from RMB 316,610.23 million at the end of 2023[17]. - Customer deposits reached RMB 370.31 billion as of June 30, 2024, reflecting an increase of RMB 14.07 billion or 3.95% from the end of 2023[87]. - The bank's liquidity coverage ratio decreased to 273.59% as of June 30, 2024, down from 365.70% at the end of 2023[17]. - The bank's total capital adequacy ratio was reported at 13.22%, slightly down from 13.30%[109]. Loan Portfolio and Quality - Total loans amounted to CNY 348.65 billion, up CNY 16.705 billion, or 5.03% year-to-date[23]. - The non-performing loan ratio improved slightly to 1.65% as of June 30, 2024, down from 1.68% at the end of 2023[17]. - The non-performing loan balance was RMB 57.57 billion, with a non-performing loan ratio of 1.65%, a decrease of 0.03 percentage points from the beginning of the year[94]. - The overdue loan balance increased to RMB 8.90 billion, with an overdue rate of 2.55%, up 0.61 percentage points from the beginning of the year[101]. - The proportion of normal loans was 95.46%, slightly up from 95.40% at the end of 2023, indicating stable loan quality[94]. Risk Management - The bank has established a comprehensive risk management system to support its business development and ensure stability[13]. - The bank continues to enhance its credit risk management policies and frameworks to improve overall risk management effectiveness[110]. - The bank has implemented a robust information technology risk management system, ensuring no significant technology risk events occurred during the reporting period[114]. - The bank's market risk indicators, including trading book profit and loss and Value at Risk (VaR), remained within the set limits during the first half of 2024[112]. - The bank has established a comprehensive anti-money laundering management structure involving the board of directors, supervisory board, senior management, and various functional departments[117]. Digital Transformation and Innovation - Guizhou Bank is the first bank in China to fully deploy its main trading systems on a private cloud, enhancing its operational capabilities[14]. - The bank's intelligent micro-loan platform has seen a loan balance exceed 9 billion, with over 15,000 new applications and 12,000 customers served during the reporting period[136]. - The bank's digital platform has facilitated 300,000 transactions, leading to an average daily deposit of 200 million[136]. - The bank has launched 211 digital branches, laying a solid foundation for comprehensive transformation[39]. - The bank's digital financial services have expanded into the catering and tourism industries, with significant projects like "Qian Wine Qian Cuisine" and "Xijiang Qianhu Miao Village" systems being launched[136]. Corporate Governance and Shareholder Structure - The bank's chairman is Yang Mingshang, who is also the legal representative[11]. - The board of directors consists of 13 members, including 3 executive directors and 5 non-executive directors[180]. - The top shareholder, Guizhou Provincial Finance Department, holds 20.00% of the total issued share capital[149]. - The second-largest shareholder, China Guizhou Moutai Distillery (Group) Co., Ltd., holds 12.00% of the total issued share capital[149]. - The company has undergone significant changes in its board and supervisory roles during the reporting period[185]. Social Responsibility and Community Engagement - A total of 220 million yuan was donated by the company during the reporting period, reflecting its commitment to social responsibility[144]. - The company organized 931 consumer rights protection education activities, reaching 774,500 consumers during the reporting period[143]. - The company has established 327 outdoor worker care stations to provide essential services[144].
贵州银行(06199) - 2024 - 中期业绩