浙商银行(02016) - 2021 - 中期财报

Financial Performance - In the first half of 2021, Zhejiang Zheshang Bank reported operating income of CNY 25.948 billion, a year-on-year increase of 3.05%[8]. - Net profit attributable to shareholders reached CNY 6.851 billion, reflecting a year-on-year growth of 1.12%[8]. - Total assets amounted to CNY 2.15 trillion, up 5.18% from the end of the previous year, with total loans and advances reaching CNY 1.27 trillion, an increase of 6.22%[8]. - The bank's total liabilities were CNY 2.02 trillion, growing by 5.41%, while the balance of deposits reached CNY 1.37 trillion, up 2.37%[8]. - The non-performing loan ratio stood at 1.50%, with a provision coverage ratio of 180.24%, indicating stable asset quality[8]. - Capital adequacy ratio was 12.42%, with a Tier 1 capital ratio of 9.46% and a core Tier 1 capital ratio of 8.37%, all maintaining reasonable levels[8]. - Operating income for the period was RMB 25.948 billion, reflecting a year-on-year increase of 3.05%[18]. - Net profit attributable to shareholders was RMB 6.851 billion, representing a growth of 1.12% year-on-year[18]. - The average return on total assets was 0.67%, while the average return on equity was 11.00%[21]. - The company achieved a net profit of RMB 6.851 billion in the first half of 2021, representing a year-on-year growth of 1.12%[21]. Risk Management - The company emphasizes risk management strategies in its operations[3]. - The company has implemented a comprehensive risk management system focusing on prudent and stable risk preferences[73]. - The company aims to control credit risk within a reasonable range to maximize risk-adjusted comprehensive benefits[74]. - The company has strengthened its customer base and optimized its business structure as part of its risk management strategy[73]. - The company is committed to enhancing its big data risk control platform to maintain asset quality stability[73]. - The company has established a Chief Risk Officer position to oversee comprehensive risk management responsibilities[73]. - The company implements unified credit management for corporate clients, establishing comprehensive credit limits based on thorough evaluations[75]. - The company has strengthened credit risk management for small and micro enterprises, focusing on overdue tracking and monitoring to control overdue and non-performing loans[76]. - The company actively develops a credit evaluation system for personal loans, enhancing risk management mechanisms and improving post-loan monitoring[77]. Corporate Governance - The company has a total of 14 board members, including 1 executive director, 6 non-executive directors, and 7 independent non-executive directors as of the end of the reporting period[161]. - The company held a total of 34 meetings during the reporting period, including 2 shareholder meetings and 10 board meetings[125]. - The board of directors approved 52 proposals during the reporting period, with 12 meetings held by specialized committees[127]. - The supervisory board convened 6 meetings, reviewing 24 proposals and 17 reports during the reporting period[128]. - The company emphasizes the importance of information disclosure and adheres strictly to regulatory requirements[130]. - The company disclosed a total of 72 announcements for A-shares and 81 announcements for H-shares during the reporting period, ensuring equal access to information for all shareholders[131]. Shareholder Structure - As of June 30, 2021, the total number of ordinary shares issued by the company was 21,268,696,778, including 16,714,696,778 A-shares and 4,554,000,000 H-shares[135]. - The total number of ordinary shareholders reached 285,005, with 284,883 holding A-shares and 122 holding H-shares as of the reporting period end[137]. - The largest shareholder, Hong Kong Central Clearing Limited, held 4,553,781,800 shares, representing 21.41% of the total shares[138]. - Zhejiang Financial Holding Co., Ltd. held 2,655,443,774 shares, accounting for 12.49% of the total shares, with all shares under limited sale conditions[138]. - The company maintained a consistent share structure with no changes in ordinary shares during the reporting period[136]. Digital Transformation - The company aims to enhance digital transformation through financial technology, focusing on innovation and integration of services[109]. - The online transaction substitution rate exceeded 99%, indicating a strong shift towards digital banking services[192]. - The company processed 19.7523 million transactions through personal online banking, with a total transaction amount of 1,120.227 billion yuan[116]. - The number of personal mobile banking customers reached 4.3348 million, a year-on-year increase of 17.04%[117]. - The company processed 49.4501 million transactions through mobile banking, with a total transaction amount of 1,247.729 billion yuan[117]. Community Engagement - The bank promoted a "bank + leading enterprises + cooperatives + farmers" financial service model to support the development of characteristic industries in poverty-stricken areas[193]. - The bank invested a total of RMB 15.7545 million in educational support for 20 rural primary schools, benefiting 7,168 students[193]. International Operations - The company provided international settlement services amounting to USD 77.035 billion, a year-on-year increase of 58%[92]. - The company issued international trade financing of USD 9.842 billion, a year-on-year increase of 12%, with USD 3.793 billion financed through platform models[92]. - The company provided cross-border guarantees and financing balances of USD 4.508 billion as of June 2021[92]. Awards and Recognition - The company was awarded multiple accolades, including the title of core trader in the interbank RMB market for 2020[95]. - The company received several awards, including the "Outstanding Contribution Award for Guarantee Business" from the Central National Debt Registration and Settlement Co., Ltd. for 2020[97].