张家港行(002839) - 2024 Q2 - 季度财报

Financial Performance - Total operating income for the first half of 2024 reached RMB 2,561,047,286.57, an increase of 7.35% compared to RMB 2,385,607,762.68 in the same period of 2023[10]. - Net profit for the first half of 2024 was RMB 954,985,086.95, reflecting a growth of 9.43% from RMB 872,664,275.67 in the first half of 2023[10]. - The net profit attributable to shareholders of the listed company for the first half of 2024 was RMB 946,261,048.55, a 9.29% increase from RMB 865,806,752.81 in the same period last year[10]. - The basic earnings per share for the first half of 2024 was RMB 0.39, compared to RMB 0.35 in the first half of 2023, marking an increase of 11.43%[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 919,907,650.08, an increase of 11.15% from RMB 827,602,158.55 in the first half of 2023[10]. - The bank's net interest income for the first half of 2024 was RMB 1.736 billion, a decrease of RMB 227.225 million or 11.58% compared to the same period in 2023[30]. - The bank's investment income surged to RMB 679.553 million, a significant increase of RMB 433.640 million or 176.34% compared to the previous year[30]. - The bank's total comprehensive income for the first half of 2024 was RMB 1,038,968,703.29, compared to RMB 1,105,624,740.65 for the same period in 2023, reflecting a decrease of approximately 6.05%[143]. Assets and Liabilities - The total assets as of June 30, 2024, amounted to RMB 216,718,169,613.98, up 4.63% from RMB 207,126,798,437.95 at the end of 2023[10]. - As of June 30, 2024, the total loan and advance principal amounted to RMB 135,844,743,532.95, reflecting a 6.88% increase from RMB 127,099,527,907.65 as of December 31, 2023[16]. - The bank's total deposits amounted to RMB 166,789,308,144.08 as of June 30, 2024, marking a 6.54% increase from RMB 156,551,077,297.74 at the end of 2023[16]. - The total liabilities increased by 4.77% to ¥198,978,816,819.88 compared to ¥189,915,781,319.07 at the end of 2023[57]. - The bank's total equity attributable to shareholders as of June 30, 2024, was RMB 17,555,612,365.07, up 3.05% from RMB 17,036,000,729.37 at the end of 2023[10]. Cash Flow - The net cash flow from operating activities for the first half of 2024 was negative RMB 1,776,491,614.06, a significant decline from negative RMB 304,536,790.24 in the same period of 2023[10]. - The bank's cash inflow from operating activities totaled approximately RMB 13.81 billion in the first half of 2024, down from RMB 14.96 billion in the same period of 2023, indicating a decrease of about 7.7%[136]. - The net cash flow from investment activities was 1,165,214,202.79 RMB, a recovery from a negative cash flow of -5,354,548,874.81 RMB in the previous year[139]. Risk Management - The company is focusing on credit risk management, particularly in loan and investment businesses, to mitigate potential losses[79]. - The bank has implemented a liquidity risk management emergency plan and conducts regular liquidity stress tests to swiftly address sudden liquidity crises[80]. - Continuous monitoring of credit limits and risk indicators is conducted to ensure compliance and timely rectification of any breaches[82]. - The bank emphasizes the importance of compliance management and internal control mechanisms to mitigate operational risks[83]. Strategic Initiatives - The bank's strategic focus remains on supporting small and rural enterprises, maintaining a commitment to its "small and scattered" strategy[85]. - The bank is actively enhancing compliance culture and risk management through various training and educational initiatives[85]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[164]. - A strategic acquisition of a fintech startup was completed, enhancing the company's technological capabilities and expected to generate CNY 300 million in synergies[164]. Shareholder Information - The total number of shares increased to 2,169,655,073, with 4,848 shares converted from convertible bonds during the reporting period[109]. - Major shareholders include Jiangsu Shagang Group Co., Ltd. with 8.18% (177,394,392 shares) and Zhangjiagang State-owned Capital Investment Group Co., Ltd. with 7.75% (168,103,687 shares)[112]. - The company did not engage in any entrusted financial management or loans during the reporting period[105][106]. Compliance and Governance - The bank's financial statements comply with the accounting standards set by the Ministry of Finance, reflecting the financial position as of June 30, 2024[153]. - The bank has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its operational viability[151]. - The bank's legal representative is Sun Wei, who oversees its operations and strategic direction[144].