交通银行(03328) - 2023 - 中期业绩

Financial Performance - Net interest income for the first half of 2023 was RMB 82,387 million, a decrease of 3.15% compared to RMB 85,065 million in the same period of 2022[4]. - Net operating income increased by 4.74% to RMB 137,307 million from RMB 131,094 million year-on-year[4]. - Net profit attributable to shareholders of the parent company rose by 4.51% to RMB 46,039 million, compared to RMB 44,052 million in the first half of 2022[4]. - The pre-tax profit for the reporting period was RMB 49.674 billion, an increase of 8.83% year-on-year[19]. - The total comprehensive income for the period was RMB 52,961 million, compared to RMB 41,885 million in the same period last year, representing a significant increase of 26.5%[179]. - The net profit for the period was RMB 46,566 million, compared to RMB 44,151 million in the previous year, reflecting an increase of 5.5%[178]. Assets and Liabilities - Total assets as of June 30, 2023, reached RMB 13,813,360 million, reflecting a growth of 6.33% from RMB 12,991,571 million at the end of 2022[4]. - The total liabilities of the group reached RMB 127,584.61 billion, an increase of RMB 8,004.12 billion, or 6.69%, from the end of the previous year[59]. - The total assets of the company reached 19.192 billion yuan, with net assets of 15.858 billion yuan, and managed assets of 532.58 billion yuan[112]. Customer Loans and Deposits - Customer loans increased by 6.86% to RMB 7,795,705 million from RMB 7,294,965 million year-on-year[4]. - Customer deposits grew by 7.93% to RMB 8,579,598 million compared to RMB 7,949,072 million at the end of 2022[4]. - The total loan balance as of June 30, 2023, was RMB 7,795.705 billion, an increase from RMB 7,294.965 billion as of December 31, 2022[68]. - Personal deposits amounted to CNY 3,276.99 billion, growing by 10.87% year-on-year, while personal loans reached CNY 2,416.04 billion, increasing by 2.14%[94]. Risk Management - The non-performing loan ratio remained stable at 1.35% as of June 30, 2023[5]. - The provision coverage ratio improved to 192.85%, up from 180.68% at the end of 2022, indicating stronger risk management[5]. - The company has maintained a prudent classification standard for overdue loans, with 70% of non-performing loans being overdue for more than 60 days[136]. Income and Expenses - The net commission and fee income for the group was CNY 24.580 billion, a decrease of CNY 1.94 million or 0.78% year-on-year, influenced by market volatility and reduced consumer demand[38]. - Interest expenses for the group totaled CNY 146.019 billion, an increase of CNY 28.544 billion or 24.30% year-on-year, with customer deposits accounting for 65.59% of total interest expenses[33]. - The company incurred interest expenses of RMB 8,036 million on bond issuance in the first half of 2023, compared to RMB 7,627 million in the same period of 2022, indicating rising financing costs[183]. Shareholder Information - HSBC Holdings plc holds 14,135,636,613 H shares, representing 19.03% of the total issued shares[11]. - The Ministry of Finance of the People's Republic of China owns 13,178,424,446 A shares, accounting for 17.75% of the total issued A shares[10]. - The company approved a cash dividend of CNY 0.373 per share, totaling CNY 27.7 billion for the 2022 fiscal year[164]. Regulatory Compliance - There were no significant lawsuits or arbitration matters affecting the group's operations during the reporting period, with ongoing cases involving approximately CNY 1.565 billion[165]. - The group has not faced any investigations or penalties from regulatory authorities during the reporting period[165]. - The company’s total assets and liabilities are subject to regular audits by KPMG, ensuring compliance with accounting standards[175]. Digital Transformation and Innovation - The group’s digital transformation investments have increased, with financial technology talent accounting for 6.51% of the total workforce[86]. - The cumulative number of open banking interfaces reached 3,868, with over 2.5 billion calls made, and 547,200 new retail customers acquired through open banking, a 79.52% increase year-on-year[127]. - The company is advancing the digital transformation of risk management, aiming to build a comprehensive digital risk management system[135]. Economic Support and Development - The group aims to enhance financial support for key sectors and weak links in the economy, focusing on consumption, social welfare, and technological independence[160]. - The group plans to deepen its business characteristics by promoting inclusive finance and supporting strategic emerging industries and advanced manufacturing[160]. - The company actively supports the development of the pension financial service system in response to the national strategy for an aging population[103].