BANK OF XI'AN(600928)2023-08-30 16:00Financial Performance - The net cash flow from operating activities for the first half of 2023 was negative at (828,371) thousand yuan, compared to 21,066,164 thousand yuan in the same period of 2022[45]. - Investment income increased by 54.48% year-on-year, reaching 531,519 thousand yuan in the first half of 2023, up from 344,064 thousand yuan in the same period of 2022[47]. - The total equity attributable to shareholders increased by 2.49% to 29,912,716 thousand yuan as of June 30, 2023, compared to 29,185,539 thousand yuan at the end of 2022[45]. - The group reported a net profit of RMB 1,374,118 thousand for the first half of 2023, compared to RMB 1,309,448 thousand in the same period of 2022, marking a growth of about 4.9%[73]. - The total comprehensive income for the group for the first half of 2023 was RMB 1,462,682 thousand, slightly down from RMB 1,484,120 thousand in the same period of 2022[103]. - The net profit for the group for the six months ended June 30, 2023, was RMB 1,333,942 thousand, an increase from RMB 1,228,339 thousand in the same period of 2022, representing a growth of approximately 8.6%[101]. - The total comprehensive income for the first half of 2023 was RMB 1,458,143 thousand, compared to RMB 2,489,122 thousand for the entire year of 2022[117]. Asset and Liability Management - The bank's total assets as of June 30, 2023, were RMB 24,701,192 thousand, an increase from RMB 16,918,873 thousand at the end of June 2022, representing a growth of approximately 46.0%[87]. - The bank's total assets as of June 30, 2023, are CNY 77.86 billion, with total liabilities of CNY 74.45 billion and net assets of CNY 3.41 billion[184]. - The total liabilities and shareholders' equity of the bank reached RMB 418,134,410 thousand as of June 30, 2023, up from RMB 402,773,867 thousand at the end of 2022, indicating a growth of approximately 3.8%[96]. - The bank's total equity as of June 30, 2023, was RMB 29,977,312 thousand, reflecting an increase from RMB 28,242,002 thousand as of June 30, 2022[140]. Loan and Credit Management - The overdue loans over 90 days and non-performing loan ratio stood at 87.05%[42]. - The non-performing loan balance as of June 30, 2023, is CNY 2.477 billion, with a non-performing loan ratio of 1.25%, unchanged from the end of the previous year[167]. - The total loan amount classified as normal is CNY 190.39 billion, accounting for 95.70% of total loans, while the special mention loans amount to CNY 6.08 billion, representing 3.05%[167]. - The overdue loans total CNY 4.01 billion, accounting for 2.02% of total loans, compared to CNY 4.54 billion (2.39%) at the end of 2022[169]. - The bank's credit impairment losses were RMB 1,105,418 thousand, slightly higher than RMB 1,087,002 thousand in the same period last year, reflecting an increase of about 1.5%[73]. - The normal loan migration rate increased to 2.39% as of June 30, 2023, compared to 1.88% at the end of 2022 and 1.54% at the end of 2021[191]. Cash Flow Management - The group’s cash flow from operating activities totaled RMB 19,020,072 thousand, down from RMB 33,789,353 thousand in the first half of 2022, a decrease of approximately 43.7%[80]. - Cash flow from financing activities generated a net inflow of RMB 6,898,465 thousand, compared to a net outflow of RMB 20,837,280 thousand in the same period last year[87]. - The bank's net increase in cash and cash equivalents for the first half of 2023 was RMB 6,883,016 thousand, compared to a decrease of RMB 3,892,305 thousand in the same period of 2022[87]. - The cash flow from investing activities showed a net inflow of 812,922 thousand yuan in the first half of 2023, compared to an outflow of (4,121,189) thousand yuan in the same period of 2022[45]. Corporate Governance and Risk Management - The company faces significant risks including credit risk, liquidity risk, market risk, operational risk, compliance risk, information technology risk, reputation risk, and money laundering risk, and has implemented measures to manage these risks[200]. - The bank continues to strengthen governance and risk management of its subsidiaries to ensure sustainable and healthy development[183]. - The bank has maintained consistent accounting policies with those used in the preparation of the 2022 financial statements[173]. Green Finance and Social Responsibility - The company has committed to a green finance strategy, prohibiting credit funds from flowing to high-pollution and high-energy consumption projects[7]. - The company has a commitment to social responsibility, actively promoting the national "dual carbon" strategy and enhancing green finance management[7]. - The company's green loan balance reached CNY 1.538 billion, primarily serving the energy conservation and environmental protection industries, infrastructure green upgrades, and clean energy sectors[7]. Shareholder Information - The top shareholder, Canadian Imperial Bank of Commerce, holds 804,771,000 shares, accounting for 18.11% of the total shares[26]. - The total number of ordinary shareholders as of the reporting period end was 69,615[49]. - The company distributed RMB 733,333 thousand to shareholders during the first half of 2023, which is a decrease from the RMB 844,444 thousand distributed in the same period of 2022[119].