2023-08-30 16:00Dividends and Capital Management - The bank distributed a cash dividend of RMB 2.579 per 10 shares, totaling approximately RMB 25.574 billion to shareholders as of July 12, 2023[3]. - The bank did not declare an interim dividend for 2023 and will not implement a capital reserve increase in share capital[3]. Risk Management - The bank has not identified any significant risks that could adversely affect its future development strategy and operational goals[3]. - The bank is actively managing various risks and has implemented effective measures to mitigate them[3]. - The bank's liquidity ratio was 87.38%, significantly above the regulatory requirement of 25%[31]. - The bank's risk management strategies have been enhanced, focusing on optimizing risk models and improving asset quality control measures[131]. Financial Performance - The bank's operating income for the first half of 2023 was RMB 176,976 million, an increase of 2.2% compared to RMB 173,461 million in the same period of 2022[25]. - Net profit for the first half of 2023 reached RMB 49,638 million, up 5.2% from RMB 47,170 million in the first half of 2022[25]. - The total profit for the first half of 2023 was RMB 54,731 million, representing an increase of 3.9% from RMB 52,693 million in the first half of 2022[25]. - The bank's credit impairment losses decreased to RMB 19,316 million, down 28.7% from RMB 27,099 million in the same period of 2022[25]. - The basic and diluted earnings per share for the first half of 2023 were RMB 0.46, compared to RMB 0.44 in the same period of 2022[25]. - The bank's net profit attributable to shareholders was 49.564 billion yuan, a year-on-year increase of 5.20%[34]. - The bank's total income from personal banking business was RMB 127,796 million, representing 72.21% of total revenue, an increase from 71.82% in the same period last year[70]. Asset and Loan Growth - Total assets increased to RMB 15,123,107 million as of June 30, 2023, up from RMB 14,067,282 million at the end of 2022, representing a growth of 7.5%[26]. - Customer loans reached RMB 7,822,667 million, an increase of 8.5% from RMB 7,210,433 million in December 2022[26]. - The total amount of short-term loans was RMB 2,799.64 billion, representing 35.79% of total customer loans[75]. - The total amount of medium to long-term loans was RMB 5,023.02 billion, accounting for 64.21% of total customer loans[75]. - The balance of agricultural loans exceeded 2 trillion yuan, increasing by 232.964 billion yuan, marking a historical high for the same period[36]. - The balance of inclusive small and micro enterprise loans reached 1.35 trillion yuan, with an increase of 170.282 billion yuan year-on-year[36]. Customer Deposits - The bank's customer deposit total reached RMB 13,301,591 million, an increase of 4.6% from RMB 12,714,485 million at the end of 2022[26]. - The bank's average balance of customer deposits was RMB 13,002.82 billion, an increase from RMB 11,678.77 billion year-on-year, indicating a growth of 11.31%[60]. - Personal deposits reached RMB 118,341.34 million, increasing by RMB 5,519.37 million or 4.89% compared to the previous year[92]. Digital Transformation and Innovation - The bank is focusing on digital currency business development to enhance customer service experience[10]. - The bank is implementing a three-year plan for centralized operations, launching ten centralized projects to enhance operational efficiency[38]. - The company is focusing on digital transformation, including the launch of a new generation mobile banking platform with advanced technologies like facial recognition and OCR[38]. - The bank's digital banking initiatives focus on enhancing customer experience and expanding service channels, including a new integrated service platform[108]. Wealth Management and Customer Engagement - The bank has committed to customer-centric wealth management and innovative models to support rural revitalization[10]. - The bank's wealth management three-year action plan aims to enhance professional capabilities and customer service standards[115]. - The bank's VIP customer base grew to 50.51 million, an increase of 6.67% year-over-year, while high-net-worth clients increased by 11.55% to 4.74 million[113]. Corporate Financing and Support - The bank's corporate clients totaled 1.4969 million, with an 8.57% increase year-on-year, and active clients accounted for 92.27% of new additions[135]. - Corporate financing volume reached 4.21 trillion yuan, an increase of 523.519 billion yuan, or 14.09% from the previous year[135]. - The bank aims to strengthen its support for high-end manufacturing, strategic emerging industries, and rural revitalization, while increasing credit supply to small and micro enterprises[45]. Environmental and Social Responsibility - The bank is building a demonstration network of green branches to practice the concept of green development[10]. - The bank's loans for key agricultural areas reached 1.35 trillion yuan, with a year-on-year increase of 41.77% in loans for grain production[166]. - The bank has actively participated in the construction of a digital agricultural platform to support the agricultural industry and improve financial services[175]. Compliance and Standards - The bank's financial reports have been reviewed by Deloitte, ensuring compliance with both Chinese and international standards[3]. - The bank maintains a strong credit rating with Fitch and Moody's both assigning an A+ and A1 rating, respectively, consistent with China's sovereign rating[24].