2022-08-22 16:00Financial Performance - The operating income of Postal Savings Bank of China reached RMB 173.46 billion, representing a year-on-year growth of 10.03%[1] - The net profit attributable to shareholders was RMB 47.11 billion, an increase of 14.88% compared to the previous year[1] - The total assets amounted to RMB 13.43 trillion, growing by 6.66% from the end of the previous year[1] - Customer deposits reached RMB 12.12 trillion, reflecting a growth of 6.77% from the end of the previous year[1] - The total customer loans amounted to RMB 6.99 trillion, with an increase of 8.32% from the end of the previous year[1] - The net income from fees and commissions was RMB 17.88 billion, showing a significant increase of 56.44% year-on-year[1] - The annualized weighted average return on equity for the first half of 2022 was 13.35%, an increase of 0.05 percentage points compared to the previous year[48] - The bank's basic and diluted earnings per share for the first half of 2022 were RMB 0.44, compared to RMB 0.40 in the same period of 2021[49] - The net cash flow generated from operating activities for the first half of 2022 was RMB 146.91 billion, down from RMB 168.08 billion in the first half of 2021[49] Asset Quality - The non-performing loan ratio stood at 0.83%, indicating stable asset quality[1] - The provision coverage ratio for loans was 409.25%, indicating strong risk management capabilities[1] - The capital adequacy ratio was 14.60%, compared to 14.78% at the end of last year[52] - The coverage ratio for non-performing loans was 409.25%, down from 418.61% at the end of last year[52] - The bank's liquidity ratio was 80.43%, significantly above the regulatory requirement of 25%[55] - The non-performing loan ratio maintained at 0.83%, reflecting strong asset quality[60] Risk Management - The bank has no significant risks that adversely affect its future development strategy and operational goals[4] - The bank is strengthening its risk management capabilities and optimizing its internal rating system[40] - The bank is committed to strengthening its risk management capabilities and ensuring no systemic risks occur[77] Strategic Focus - The bank is focusing on five transformation strategies: specialization, integration, lightweight, digitalization, and intensification to enhance service quality for the real economy[33] - The bank aims to enhance its customer service capabilities and become a trusted, distinctive, and innovative large retail bank[33] - The bank is advancing its digital transformation with a focus on ten major project groups, improving its technological capabilities and self-reliance[40] - The bank is committed to social responsibility and supporting China's modernization economic system[32] - The bank is actively pursuing a digital ecological banking model to support rural revitalization and new urbanization[39] Customer Engagement - The number of personal customers served exceeded 640 million, with wealth customers surpassing 4 million, managing personal customer assets (AUM) of over RMB 13.41 trillion, an increase of nearly RMB 900 billion[147] - The bank's wealth management services served 644 million personal customers, with VIP customers increasing by 8.49% to 46.25 million[61] - The bank's personal banking income grew by 13.26% year-on-year, accounting for 71.95% of total operating income, an increase of 2.05 percentage points[147] Loan and Deposit Growth - The total amount of credit commitments was RMB 670.20 billion, with loan commitments accounting for RMB 124.70 billion, a decrease from RMB 152.62 billion at the end of 2021[140] - The balance of inclusive micro-enterprise loans reached CNY 1,092.91 billion, with 1,797,300 loan accounts[196] - The balance of personal micro-loans was CNY 1,078.50 billion, an increase of CNY 163.15 billion compared to the end of the previous year[195] - The balance of agricultural loans increased by CNY 104.26 billion to CNY 1.72 trillion, accounting for approximately one-quarter of the total customer loan amount[197] - Customer deposits totaled CNY 12,122.52 billion, an increase of CNY 7,684.44 billion or 6.77% year-over-year[134] Financial Products and Services - The bank's custody assets reached CNY 4.51 trillion, growing by CNY 42.50 billion compared to the end of the previous year[193] - The bank's bond investment business amounted to CNY 3,372.497 billion, an increase of CNY 135.054 billion, representing a growth of 4.17%[193] - The bank's asset management business saw the scale of wealth management products reach CNY 922.632 billion, with net value products growing by 10.96% to CNY 851.816 billion[193] - The company processed a total of CNY 3,087.40 billion in collection services and CNY 7,966.18 billion in payment services, with social security pension collection amounting to CNY 319.14 billion and payment amounting to CNY 4,403.49 billion[152] Digital Transformation - The bank is implementing a customer segmentation management system to improve customer experience and value extraction[40] - The number of personal wallets opened through the digital RMB app ranked first among operating institutions[63] - The upgraded payment platform served over 26 million users during the reporting period[185] Corporate Social Responsibility - The bank is committed to social responsibility and supporting China's modernization economic system[32] - The company launched new products and marketing strategies, including a dedicated microloan product for new citizens with preferential interest rates[167] - The rural revitalization themed credit card balance exceeded 150,000 cards, supporting the company's mission of "Inclusive Finance for Urban and Rural Areas"[173]