2021-08-27 16:00Financial Performance - The total operating income for the first half of 2021 was RMB 157,653 million, an increase of 7.73% compared to RMB 146,346 million in the same period of 2020 [100]. - The net profit attributable to shareholders of the bank for the first half of 2021 was RMB 41,010 million, representing a year-on-year growth of 21.84% from RMB 33,658 million in the first half of 2020 [100]. - The total assets as of June 30, 2021, reached RMB 12,217,051 million, up from RMB 11,353,263 million at the end of 2020, reflecting a growth of 7.61% [102]. - The net interest income for the first half of 2021 was RMB 132,096 million, compared to RMB 124,392 million in the first half of 2020 [100]. - The basic earnings per share for the first half of 2021 was RMB 0.40, compared to RMB 0.36 in the same period of 2020 [100]. - The bank's total operating income for the same period was CNY 157.653 billion, up 7.73% from the previous year [123]. - The company achieved a net profit of CNY 41.244 billion, representing a year-on-year increase of 22.48% [122]. - The bank's total assets amounted to CNY 12,217.051 billion, reflecting a growth of 7.61% compared to the end of the previous year [121]. Asset Quality and Risk Management - The non-performing loan ratio was 1.86% as of June 30, 2021, a decrease of 0.05 percentage points compared to the end of 2020 [99]. - The bank's provision coverage ratio was 186.67% as of June 30, 2021, an increase from 178.67% at the end of 2020 [99]. - The non-performing loan ratio improved to 0.83% as of June 30, 2021, down from 0.88% at the end of 2020 [104]. - The provision coverage ratio for non-performing loans was 421.33% as of June 30, 2021, compared to 408.06% at the end of 2020 [104]. - The bank actively manages various risks and has not identified any significant risks that could adversely affect its future development strategy [6]. - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies [177]. Customer and Market Position - The bank serves over 600 million personal customers and operates nearly 40,000 business outlets, leveraging a unique "self-operated + agency" model [70]. - The bank's personal banking business generated RMB 110.196 billion in revenue, accounting for 69.90% of total revenue, compared to RMB 96.573 billion or 65.99% in the previous year [147]. - The number of personal customers served reached 630 million, with VIP customers exceeding 40 million [183]. - The bank provided integrated financial services to 630 million customers, enhancing customer acquisition and retention through differentiated product offerings and marketing tools [184]. Digital Transformation and Innovation - The bank aims to enhance its digital banking services to support rural revitalization and new urbanization initiatives [71]. - The company aims to build a leading digital ecological bank that supports rural revitalization and new urbanization through financial technology empowerment [75]. - The bank plans to enhance its digital banking capabilities and expand its rural financial services [120]. - The bank's strategy includes enhancing digital operations and customer experience to support personal loan growth, particularly in the context of new retail transformation [130]. Capital and Dividends - The bank distributed cash dividends of approximately RMB 19.262 billion (including tax) to shareholders for the year 2020, with a payout of RMB 2.085 per 10 shares [5]. - The bank does not plan to declare an interim dividend for 2021 and will not increase capital through capital reserve transfers [5]. - The bank's capital adequacy ratio as of June 30, 2021, was 14.36%, an increase from 13.84% at the end of 2020 [102]. - The bank's total shareholder equity amounted to RMB 750.39 billion, an increase of RMB 77.45 billion or 11.51% compared to the end of the previous year [175]. Loans and Deposits - The total customer loans amounted to RMB 6,192,400 million as of June 30, 2021, an increase from RMB 5,716,258 million at the end of 2020 [102]. - Customer loans exceeded 6 trillion yuan, growing by 8.33% year-on-year [109]. - The bank's customer deposits totaled RMB 10,913,567 million as of June 30, 2021, up from RMB 10,358,029 million at the end of 2020 [102]. - Personal deposits reached 9.555 trillion yuan, an increase of 460.02 billion yuan or 5.05% compared to the end of the previous year [184]. Revenue and Income Sources - The bank's net commission and fee income reached RMB 11.429 billion, an increase of RMB 3.139 billion or 37.86% year-on-year [139]. - The bank's commission income was RMB 24.035 billion, up RMB 16.382 billion or 46.72% year-on-year [140]. - Investment income increased to RMB 6.501 billion, up RMB 0.992 billion or 18.01% year-on-year, driven by optimized asset structure and increased dividend income [141]. - Interest income for the reporting period reached RMB 220.93 billion, an increase of RMB 18.17 billion or 8.96% year-on-year, driven by the growth in interest-earning assets and an increase in the proportion of high-yield interest-earning assets [129]. Customer Services and Products - The bank's agency insurance premium for new policies was 51.635 billion yuan, with long-term policies (10 years and above) contributing 45.923 billion yuan, a year-on-year increase of 17.92% [188]. - The bank's agency sales of private equity asset management plans reached 23.266 billion yuan, a significant increase of 215.56% year-on-year [188]. - The personal consumer loan balance reached CNY 2.52 trillion by the end of the reporting period [195]. - The personal housing loan balance stood at CNY 2.04 trillion, reflecting steady growth in housing loan business [195].