2023-08-30 16:00Financial Performance - The pre-tax profit for the first half of 2023 was $2.456 billion, compared to $2.324 billion in the same period of 2022, reflecting a growth of 5.7%[5] - The bank's net profit for the first half of 2023 reached RMB 12.84 billion, compared to RMB 5.19 billion in the same period of 2022, reflecting a significant growth[120] - Net profit attributable to shareholders of the parent company for the first half of 2023 was RMB 173,744 million, a slight increase from RMB 171,506 million in the same period of 2022[162] - The bank's net profit for the first half of 2023 was 174.72 billion yuan, a year-on-year increase of 1.1%[176] - The bank's net interest income for the first half of the year was CNY 337 billion, a year-on-year decrease of 3.9%, with a narrowing decline compared to the first quarter[74] - Net interest income for the first half of 2023 was RMB 336,987 million, a decrease of 4.5% compared to RMB 351,425 million in the same period of 2022[162] Asset and Loan Management - As of June 30, 2023, total assets amounted to $439.462 billion, a decrease from $447.899 billion at the end of 2022[5] - The total assets as of June 30, 2023, reached RMB 43,669,606 million, an increase from RMB 39,609,657 million at the end of 2022[162] - The total amount of mortgage loans was RMB 10,377,403 million, accounting for 41.1% of the total loans, down from 43.0% in December 2022[122] - The total amount of credit loans increased to RMB 9,493,205 million, representing 37.5% of total loans, up from 35.4% in December 2022[122] - The bank reported a total of 244.949 trillion RMB in normal loans, an increase of 20.573 trillion RMB from the end of 2022, representing 96.85% of total loans[20] - The balance of loans to the manufacturing sector reached CNY 3.6 trillion, with the bank leading in both long-term loans and incremental growth in the industry[76] Risk Management - The non-performing loan (NPL) ratio decreased to 1.36% as of June 30, 2023, down 0.02 percentage points from the end of 2022[20] - The overdue loans increased to 297.55 billion RMB, with overdue loans over three months decreasing slightly by 4.18 billion RMB[25] - The non-performing loan ratio as of June 30, 2023, was 1.88%, with a total of 270,826 non-performing loans amounting to $14,430,046 million[115] - The bank's risk management framework has been enhanced, focusing on proactive risk prevention and comprehensive risk management across various sectors[114] - The provision coverage ratio is reported at 218.62%, reflecting enhanced risk resilience[192] Capital and Liquidity - As of June 30, 2023, the total capital net amount is 4,473,996 million RMB, an increase from 4,281,079 million RMB at the end of 2022[42] - The core tier 1 capital adequacy ratio is 13.20% as of June 30, 2023, down from 14.04% at the end of 2022[42] - The liquidity coverage ratio averaged 123.42% in Q2 2023, an increase of 10.83 percentage points from the previous quarter[34] - The bank's capital adequacy ratio stood at 14.66%, indicating a strong risk-bearing capacity[174] - The bank's total risk-weighted assets amount to 24,244,321 million RMB, up from 22,225,272 million RMB year-on-year[189] Digital Transformation and Innovation - The bank's core system transformation has successfully migrated over 700 million personal customer records and over 1 billion personal accounts to a distributed architecture[80] - The bank's digital transformation initiatives have led to significant innovations in mobile banking and open banking services, enhancing service quality[170] - The bank launched nearly 30,000 digital operation strategies, driving sales transaction amounts of key products like deposits and wealth management to over CNY 12.3 trillion[83] - The bank's AI large model technology achieved practical application at a scale of CNY 10 billion, enhancing operational efficiency and service quality[95] - The bank's digital employee initiatives reduced the workload of over 22,000 natural persons, enhancing operational efficiency[83] Customer Engagement and Services - The number of personal mobile banking customers surpassed 536 million, with monthly active users exceeding 200 million, leading the industry[99] - The bank achieved online customer engagement with 390 million users in the first half of 2023, utilizing digital channels such as WeChat and cloud services[110] - The bank's open banking collaborations covered nearly 30 industries, with transaction amounts exceeding CNY 150 trillion, maintaining industry leadership[99] Strategic Initiatives and Social Responsibility - The bank is committed to high-quality development and is implementing a strategic layout to enhance governance efficiency and operational effectiveness[72] - ICBC is actively pursuing digital transformation and financial technology development to improve service quality and operational efficiency[126] - The bank is committed to social responsibility, focusing on supporting manufacturing, inclusive finance, rural revitalization, and green finance initiatives[144] - The bank is actively expanding external capital channels and optimizing its capital structure to enhance capital strength and control costs[68]