INDUSTRIAL BANK(SH:601166)2022-08-26 16:00Financial Performance - The company's operating income for the first half of 2022 was RMB 115,853 million, an increase of 6.33% compared to RMB 108,955 million in the same period of 2021[8]. - The total profit for the first half of 2022 reached RMB 52,173 million, reflecting a growth of 12.45% from RMB 46,397 million in the previous year[8]. - The net profit attributable to shareholders of the parent company was RMB 44,887 million, up 11.90% from RMB 40,112 million in the first half of 2021[8]. - The basic earnings per share for the first half of 2022 was RMB 2.03, representing a 13.41% increase from RMB 1.79 in the same period last year[8]. - Operating revenue grew by 6.33% to CNY 115.85 billion, while net profit attributable to shareholders rose by 11.90% to CNY 44.89 billion[30]. - The company reported a cost-to-income ratio of 24.95%, which increased by 3.23 percentage points compared to the previous year[66]. - The company's interest income for the first half of 2022 was RMB 72.43 billion, a slight increase of 0.72% compared to the same period last year[111]. - The company's net profit attributable to shareholders for the first half of 2022 was RMB 44.89 billion, representing a year-on-year growth of 11.90%[108]. Asset and Liability Management - Total assets as of June 30, 2022, amounted to RMB 8,984,747 million, a 4.44% increase from RMB 8,603,024 million at the end of 2021[10]. - The total liabilities as of June 30, 2022, were RMB 8,269,889 million, an increase from RMB 7,908,726 million at the end of 2021[12]. - The company's total assets reached CNY 89,847.47 billion, an increase of 4.44% compared to the end of the previous year[66]. - The company's total loan balance as of June 30, 2022, was RMB 4,775,732 million, an increase from RMB 4,428,183 million at the end of 2021[80]. - The balance of funds borrowed (excluding accrued interest) was RMB 1,923.00 billion, an increase of RMB 195.27 billion, or 11.30% from the end of the previous year[104]. - The balance of interbank and other financial institution deposits was RMB 1,086.47 billion, an increase of 63.41% from the previous year[92]. Credit Quality and Risk Management - The non-performing loan ratio increased to 1.15% from 1.10% at the end of 2021, reflecting a rise of 0.05 percentage points[10]. - The provision coverage ratio decreased to 251.30% from 268.73%, a decline of 17.43 percentage points[10]. - The company maintained a stable asset quality despite credit risk pressures, with a focus on controlling non-performing assets[80]. - The company's non-performing loan balance was CNY 55.006 billion, an increase of CNY 6.292 billion from the end of the previous year, with a non-performing loan ratio of 1.15%, up 0.05 percentage points[132]. - The company has implemented a differentiated credit policy based on regional characteristics to enhance the alignment of branch operations with regional economic structures[56]. - The company has strengthened credit card risk management and provided repayment flexibility to customers affected by the COVID-19 pandemic[59]. Deposits and Loans - Total deposits reached RMB 4,646,943 million as of June 30, 2022, up from RMB 4,311,041 million at the end of 2021, representing a growth of 7.8%[13]. - Total loans increased to RMB 4,775,732 million as of June 30, 2022, compared to RMB 4,428,183 million at the end of 2021, marking a growth of 7.9%[13]. - The personal loan balance reached RMB 1,928,728 million, with a non-performing loan ratio of 1.17%, up 0.16 percentage points from the previous year[86]. - The company's retail AUM reached CNY 3.07 trillion, a 7.79% increase from the previous year, with off-balance sheet assets accounting for 70.78%[40]. - The company's loan balance increased by 7.85% to CNY 47,757.32 billion, while deposits grew by 7.79% to CNY 46,469.43 billion[66]. Digital Transformation and Innovation - The company is actively advancing its digital transformation and enhancing risk management capabilities to address various financial risks[23]. - The company's digital transformation saw a 17.57% increase in technology investment, with 730 new projects launched, totaling 3,681[44]. - The average monthly active users of the "Qian Da Zhang Gui" platform increased by 106.53% to 414,300[44]. - The company launched the "Xingye Inclusive" digital platform, connecting with 617 national platforms and solving financing needs for 17,900 cases amounting to 55.01 billion yuan[186]. - The "Yingye Life" app was upgraded to enhance digital platform capabilities and customer engagement[192]. Green Finance and Sustainability - The company's green financial financing balance reached CNY 1.53 trillion, a year-on-year increase of 9.99%[35]. - Green loans amounted to CNY 541.58 billion, growing 19.31% compared to the previous year, significantly outpacing corporate loan growth[35]. - The company has signed agreements totaling 620 billion yuan with various provincial governments to support green finance initiatives[184]. - The company is focusing on green finance initiatives, particularly in the photovoltaic and wind energy sectors[165]. - The company supports national strategic areas such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Economic Belt, aligning with national policies on carbon reduction and clean energy[79]. Wealth Management and Investment - The company's wealth management business scale reached CNY 1.96 trillion, up 9.99% year-on-year, ranking fourth in the market[37]. - The product scale managed by Industrial Wealth Management reached CNY 1.96 trillion, growing by CNY 178.3 billion from the previous year[172]. - The company plans to strengthen its wealth management business by transitioning from single product sales to comprehensive asset allocation for clients[55]. - The company achieved intermediary business income from custody services amounting to 1.731 billion yuan[200]. - The underwriting scale of non-financial corporate debt financing tools reached 363.434 billion yuan, ranking second in the market[197]. Corporate Social Responsibility and Strategic Initiatives - The company actively supports national strategies and regional development, contributing to economic stability and growth amid various challenges[21]. - The company is committed to optimizing its business structure and management processes in line with international capital regulatory reforms[141]. - The company aims to enhance its risk prevention and resolution capabilities while maintaining financial stability[141]. - The company has successfully implemented 3,681 ecological projects, with 730 new projects added, reflecting a year-on-year growth of 56.32%[187]. - The company is focusing on high-quality development, digital transformation, and green development, implementing differentiated credit policies to optimize loan distribution[79].