邮储银行(01658) - 2024 - 中期业绩

Financial Performance - Operating income for the first half of 2024 was RMB 176,919 million, a slight decrease of 0.13% compared to RMB 177,157 million in the same period of 2023[18]. - Net interest income increased to RMB 142,876 million, up 2.04% from RMB 140,305 million year-on-year[18]. - Net profit attributable to shareholders was RMB 48,815 million, down 1.51% from RMB 49,564 million in the first half of 2023[18]. - Total assets reached RMB 16,413,529 million, an increase of 4.37% from RMB 15,726,631 million at the end of 2023[19]. - Total customer loans amounted to RMB 8,658,762 million, up 6.25% from RMB 8,148,893 million at the end of 2023[19]. - The capital adequacy ratio decreased by 0.08 percentage points to 13.82% as of June 30, 2024, compared to 14.23% at the end of 2023[17]. - The net interest margin for the first half of 2024 was 1.91%, down from 2.08% in the same period of 2023[20]. - The cost-to-income ratio increased to 59.95% in the first half of 2024, compared to 57.36% in the same period of 2023[20]. - Basic and diluted earnings per share for the first half of 2024 were RMB 0.44, slightly down from RMB 0.46 in the same period of 2023[18]. - As of June 30, 2024, the non-performing loan ratio stands at 0.84%, consistent with the previous year[21]. - The provision coverage ratio is reported at 325.61%, down from 347.57% at the end of 2023, indicating a decrease in risk mitigation capacity[21]. Risk Management - There were no significant risks identified that could adversely affect the bank's future development strategy and operational goals during the reporting period[2]. - The bank is actively managing various risks and has implemented measures to effectively mitigate them, as detailed in the risk management section of the report[4]. - The bank maintains a prudent risk preference and has established a comprehensive risk management system to enhance its risk-leading capabilities[11]. Technological Advancements - The bank is focusing on enhancing its technological capabilities and has initiated a series of activities to promote consumer spending and financial inclusion[7]. - The bank is advancing the construction of its core business systems to strengthen its technological capabilities[7]. - The bank is accelerating the promotion of digital RMB and continuously innovating its application scenarios[7]. - The bank's new core business system launched on January 27, 2024, has reduced customer on-site processing time by over 50%[187]. - The bank's data platform has provided over 1,600 data services and 326 data service APIs, with a peak daily access volume of 40 million[191]. - The bank's AI-driven complaint analysis tool has achieved a classification accuracy rate of 93%[185]. Customer Service and Engagement - The bank serves over 660 million individual customers through nearly 40,000 outlets, focusing on "three rural issues," urban and rural residents, and small and medium enterprises[10]. - The bank's operational strategy includes a unique "self-operated + agency" model to serve its target customer groups effectively[10]. - The bank's focus on customer experience management has led to the establishment of a dynamic monitoring system for customer satisfaction[197]. - The bank has opened 5,638 "Post Love Stations" to provide community services, benefiting over 2.36 million people during the reporting period[195]. Sustainable Development and Green Finance - The bank has launched the first "ESG Climate Finance Loan" to explore new models of green finance in the local area[7]. - The balance of green loans amounted to RMB 693.099 billion, representing an 8.66% increase compared to the end of the previous year, consistently outpacing the average growth rate of various loans[170]. - The company aims to support the United Nations' 2030 Sustainable Development Goals and the Paris Agreement by promoting sustainable finance and climate financing[170]. - The company provided preferential interest rates for green projects with significant carbon reduction benefits, offering a 15 basis points discount for green credit and bonds, and a 70 basis points discount for green agriculture and micro-enterprises[172]. Corporate Strategy and Growth - The bank aims to enhance its service capabilities and accelerate its transformation into a digital ecological bank, focusing on rural revitalization and new urbanization[12]. - The bank is committed to a "5+1" strategic path, emphasizing digital finance, ecological finance, collaborative finance, industrial finance, and green finance[11]. - The bank is actively implementing national strategies and fulfilling its social responsibilities while pursuing high-quality development[11]. - The bank's financial services are designed to be integrated and efficient, providing high-quality and convenient services to a broad customer base[11]. Financial Health and Capital Structure - The bank's Tier 1 capital ranked 12th in the "Top 1000 World Banks" list by The Banker in 2024[11]. - The bank's equity totaled RMB 1,006.80 billion, an increase of RMB 50.18 billion, or 5.25%, primarily driven by a net profit increase of RMB 48.88 billion[86]. - Customer deposits reached RMB 14,865.06 billion, up RMB 909.10 billion, or 6.51% year-over-year, with individual deposits contributing RMB 13,215.24 billion, a growth of 5.77%[82]. Operational Efficiency - The operating expenses for the first half of 2024 amounted to RMB 107,372 million, an increase of RMB 4,263 million or 4.13% year-on-year[54]. - The company has implemented a centralized approval process for microloans, achieving a 40% reduction in review personnel costs and a 90% decrease in post-loan service time[107]. - The company has achieved a 70% improvement in business processing efficiency through the introduction of a video self-service signing model for agricultural credit[182]. Community and Social Responsibility - The company has actively engaged in social responsibility initiatives, including consumer rights protection and financial fraud prevention campaigns[167]. - The company conducted financial knowledge promotion activities reaching approximately 400,000 participants, and the "Financial Supermarket Challenge" event had a total exposure of 1.27 million times[167]. - The company has implemented energy-saving measures, achieving over 20% water savings through the use of water-saving devices in its Hebei branch[175].