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盛京银行(02066) - 2021 - 中期财报
SHENGJING BANKSHENGJING BANK(HK:02066)2021-09-16 14:00

Financial Performance - Interest income for the first half of 2021 was RMB 21,177,436 thousand, a 1.6% increase from RMB 20,838,858 thousand in the same period of 2020[22]. - Net interest income decreased by 11.4% to RMB 6,631,038 thousand from RMB 7,483,342 thousand year-on-year[22]. - Non-interest income fell by 20.3% to RMB 1,877,218 thousand compared to RMB 2,355,390 thousand in the first half of 2020[22]. - Pre-tax profit dropped significantly by 71.9% to RMB 914,812 thousand from RMB 3,253,137 thousand in the previous year[22]. - Net profit for the first half of 2021 was RMB 1,046,301 thousand, a decrease of 63.2% from RMB 2,845,737 thousand in the same period of 2020[22]. - Total operating income for the first half of 2021 was RMB 8.51 billion, down RMB 1.33 billion or 13.5% compared to the same period in 2020[34]. - The company reported a pre-tax profit of RMB 0.91 billion, a significant decline of 71.9% from RMB 3.25 billion in the same period last year[36]. - The total profit for the first half of 2021 was RMB 1,030,360,000, compared to RMB 2,829,393,000 in the same period of 2020, reflecting a significant decrease[194]. - The total comprehensive income for the first half of 2021 was RMB 1,040,828,000, down from RMB 1,897,497,000 in the first half of 2020, indicating a decline of approximately 45%[194]. Asset and Liability Management - Total assets as of June 30, 2021, were RMB 1,016,503,498 thousand, down 2.1% from RMB 1,037,958,375 thousand at the end of 2020[23]. - Total liabilities amounted to RMB 935.42 billion, a decrease of RMB 22.50 billion or 2.3% compared to the end of the previous year[87]. - The bank's total liabilities decreased to RMB 935,416,121 thousand as of June 30, 2021, from RMB 957,911,826 thousand at the end of 2020[192]. - The bank's equity attributable to shareholders increased to RMB 80,476,819 thousand from RMB 79,451,932 thousand at the end of 2020, showing a growth of 1.3%[193]. - The total equity as of June 30, 2021, was RMB 81,087,377, with retained earnings contributing 28.8%[94]. Loan and Deposit Growth - Total loans and advances increased by 7.5% to RMB 588,040,455 thousand from RMB 547,062,557 thousand year-on-year[23]. - Total deposits reached RMB 728.96 billion, an increase of RMB 47.56 billion or 7.0% from the end of the previous year[89]. - The total amount of loans and advances increased by RMB 40.98 billion, representing a growth of 7.5% compared to the end of the previous year[29]. - Personal loans amounted to RMB 93.04 billion, reflecting a growth of RMB 15.58 billion or 20.1%[30]. - The bank's corporate loan balance (excluding bill discounting) was RMB 441.35 billion, an increase of RMB 10.15 billion, with a growth rate of 2.4% compared to the end of the previous year[115]. Risk Management - The non-performing loan ratio improved to 3.04% from 3.26% at the end of 2020[25]. - The provision coverage ratio increased to 130.93% from 114.05% year-on-year[25]. - The company's asset impairment losses for the first half of 2021 amounted to RMB 5.103 billion, an increase of RMB 730 million or 16.7% year-on-year, primarily due to increased provisions in response to uncertainties from the pandemic and economic environment[70]. - The impairment provision for loans and advances increased to RMB 23.38 billion, up by RMB 3.05 billion or 15.0% compared to the end of the previous year, reflecting the bank's proactive approach to credit risk amid the pandemic[81]. - The bank has strengthened credit risk management by utilizing big data and cloud computing technologies[95]. Digital Transformation and Customer Experience - The bank's strategy focuses on enhancing customer experience and digital transformation, aiming to build an integrated digital retail banking model[29]. - The company continues to focus on digital transformation and retail finance integration, driving growth in consumer loans and operational loans[78]. - The company has accelerated the digital transformation of corporate banking, with online banking clients reaching 46,800, a 12% increase from the end of the previous year, and total transaction amounts reaching RMB 1,132.365 billion[133]. - Mobile banking clients increased to 3.1623 million, a 15.7% growth since the beginning of the year, with transaction amounts reaching RMB 131.227 billion, an 11.8% increase year-on-year[135]. Shareholder Information - The total number of shares as of June 30, 2021, is 8,796,680,200, consisting of 6,455,937,700 domestic shares and 2,340,742,500 H-shares, with no changes during the reporting period[149]. - The top ten domestic shareholders held a total of 5,509,675,427 shares, representing 62.63% of the total share capital[151]. - China Evergrande Group held 3,201,680,000 domestic shares, accounting for 36.40% of the total[153]. - The largest shareholder, China Evergrande Group, has no pledged shares[151]. Regulatory Compliance and Governance - The company has adhered to the corporate governance code and ensured high levels of transparency and accountability[176]. - No penalties were imposed on the company or its directors during the reporting period by regulatory authorities[180]. - The financial statements for the six months ended June 30, 2021, were prepared in accordance with international financial reporting standards and reviewed by KPMG[183]. Future Outlook and Strategy - The company plans to issue financial bonds with a total principal amount of up to RMB 30 billion, including subordinated capital bonds not exceeding RMB 15 billion, and other types of financial bonds not exceeding RMB 15 billion[166]. - The funds raised will be used to support long-term asset business development and enhance the company's capital adequacy level[166]. - The bank aims to strengthen its core competitiveness in three major sectors: large corporate, retail, and financial markets[148].