2024-08-14 08:22Key Financial Data and Indicators for the First Half of 2024 This section presents the bank's core financial performance, position, and asset quality metrics for the first half of 2024 Key Income Statement Data In the first half of 2024, Zheshang Bank achieved steady growth in operating revenue and net profit, though basic earnings per share and weighted average return on equity declined Key Income Statement Data for H1 2024 (Unit: CNY 100 Million) | Item | Jan-Jun 2024 (Unaudited) | Jan-Jun 2023 (Unaudited) | Change (%) | | :---------------------------------------------- | :----------------------- | :----------------------- | :----------------- | | Operating Revenue | 352.79 | 332.27 | 6.18 | | Operating Profit | 97.68 | 93.74 | 4.20 | | Total Profit | 97.41 | 93.78 | 3.87 | | Net Profit Attributable to Bank Shareholders | 79.99 | 77.43 | 3.31 | | Net Profit Attributable to Bank Shareholders After Non-Recurring Items | 80.19 | 74.51 | 7.62 | | Basic EPS (CNY) | 0.29 | 0.34 | (14.71) | | Weighted Average ROE (%) | 9.65 | 10.96 | Decrease of 1.31 percentage points | Key Balance Sheet Data As of June 2024, Zheshang Bank's total assets and liabilities showed steady growth, with significant increases in total loans and advances and customer deposits Key Balance Sheet Data as of June 2024 (Unit: CNY 100 Million) | Item | June 30, 2024 (Unaudited) | Dec 31, 2023 (Audited) | Change (%) | | :------------------------------------ | :------------------------ | :--------------------- | :--------- | | Total Assets | 32,466.10 | 31,438.79 | 3.27 | | Of which: Total Loans and Advances | 18,121.63 | 17,162.40 | 5.59 | | Total Liabilities | 30,522.36 | 29,543.02 | 3.31 | | Of which: Customer Deposits | 19,384.79 | 18,686.59 | 3.74 | | Equity Attributable to Bank Shareholders | 1,907.98 | 1,862.45 | 2.44 | | Share Capital | 274.64 | 274.64 | - | | Net Asset Per Share at Period End (CNY) | 6.04 | 5.87 | 2.90 | Asset Quality Indicators As of June 2024, Zheshang Bank's non-performing loan ratio slightly decreased, while both provision coverage ratio and loan loss provision ratio declined Asset Quality Indicators as of June 2024 | Item | June 30, 2024 (Unaudited) | Dec 31, 2023 (Audited) | Change | | :------------------------ | :------------------------ | :--------------------- | :------------------------- | | Non-Performing Loan Ratio (%) | 1.43 | 1.44 | Decrease of 0.01 percentage points | | Provision Coverage Ratio (%) | 178.12 | 182.60 | Decrease of 4.48 percentage points | | Loan Loss Provision Ratio (%) | 2.54 | 2.63 | Decrease of 0.09 percentage points | Explanation of Operating Performance and Financial Position This section details the bank's strategic direction and highlights key achievements in revenue, net profit, asset growth, and asset quality - The bank adheres to national and provincial directives, aiming to be a leading commercial bank by implementing its "Twelve-Character Operating Policy" and "Benevolent Finance Philosophy", advancing "Four Strategic Priorities", and consistently building a foundation of economic cycle-resilient assets, while deepening its "321 Smart Operations Strategy"5 - Operating revenue for the first half of 2024 reached CNY 35.279 billion, an increase of CNY 2.052 billion or 6.18% year-on-year5 - Net profit attributable to bank shareholders was CNY 7.999 billion, an increase of CNY 256 million or 3.31% year-on-year5 - As of June 30, 2024, total assets reached CNY 3,246.61 billion, an increase of CNY 102.731 billion or 3.27% from the end of the previous year5 - As of June 30, 2024, total liabilities reached CNY 3,052.236 billion, an increase of CNY 97.934 billion or 3.31% from the end of the previous year5 - The non-performing loan ratio was 1.43%, a decrease of 0.01 percentage points from the end of the previous year; the provision coverage ratio was 178.12%, a decrease of 4.48 percentage points from the end of the previous year5 Risk Warning This section informs stakeholders about the preliminary nature of the financial data and advises caution regarding investment risks - The key financial data for the first half of 2024 contained in this announcement are preliminary consolidated figures and have not been audited by an accounting firm16 - Key indicators such as net profit attributable to listed company shareholders may differ from the data disclosed in the final semi-annual report, but the expected difference will not exceed 10%6 - Investors are advised to be aware of investment risks16 Reference Documents This section specifies the availability of officially signed comparative financial statements for review - Reference documents include the comparative balance sheet and income statement signed and sealed by the company's legal representative and chairman Lu Jianqiang, president and chief financial officer Zhang Rongsen, and head of the financial department Peng Zhiyuan6