2024-08-28 10:07Financial Performance - The net profit attributable to the parent company's shareholders for the first half of 2024 was CNY 45.287 billion, a decrease of 1.63% year-on-year [14]. - Total operating income for the same period was CNY 132.347 billion, down 3.51% compared to the previous year [14]. - The basic earnings per share for the first half of 2024 was CNY 0.56, a decrease of 1.75% year-on-year [15]. - The profit for the first half of 2024 was RMB 47,678 million, down 4.02% from RMB 49,674 million in the same period of 2023 [70]. - The company reported a net profit of 54.55 billion yuan from subsidiaries, accounting for 12.05% of the group's total net profit [98]. - The company's net profit for the reporting period was 21.46 billion yuan, reflecting a year-on-year growth of 7.20% [99]. - The company’s net profit of 1.505 billion yuan, a year-on-year decrease of 50.80%, primarily due to the absence of one-time gains from investment projects in the previous year [102]. Asset and Liability Management - Total assets at the end of June 2024 were CNY 14.178 trillion, an increase of 0.84% from the end of 2023 [11]. - Total liabilities at the end of the reporting period amounted to CNY 1,305.86 billion, an increase of CNY 97.60 billion or 0.75% compared to the end of the previous year [59]. - Customer deposits, the main source of funding, reached CNY 865.01 billion, up CNY 98.90 billion or 1.16% year-on-year, accounting for 66.24% of total liabilities [60]. - The total assets of the company reached RMB 14,177,914 million, with a net asset distribution across various regions including the Yangtze River Delta (25.84%) and the Pearl River Delta (8.67%) [187]. Loan and Deposit Growth - Customer loan balance reached CNY 8.267 trillion, an increase of CNY 310.649 billion or 3.90% from the end of the previous year [14]. - Customer deposit balance was CNY 8.651 trillion, up CNY 98.901 billion or 1.16% from the end of the previous year [14]. - The balance of personal public fund products sold reached CNY 220.06 billion, while personal insurance products sold amounted to CNY 315.66 billion [86]. - The balance of loans in the pension industry grew by 28.83% year-on-year, with the number of clients increasing by 17.02% [92]. Risk Management - The company has strengthened credit risk management, optimizing the credit asset structure and enhancing risk prevention in key areas such as real estate and local debt [123]. - The company has implemented a digital transformation in risk management, enhancing risk data management and monitoring capabilities [122]. - The overdue loan balance for corporate loans is 62.71 billion RMB, with an overdue loan rate of 1.15%, a decrease of 0.05 percentage points from the previous year [126]. - The overdue loan balance for personal loans is 56.80 billion RMB, with an overdue loan rate of 2.22%, an increase of 0.29 percentage points from the previous year [126]. Dividend and Shareholder Information - The bank reported a cash dividend of RMB 0.182 per share, totaling RMB 13.516 billion, based on 74.263 billion shares outstanding [4]. - The proposed cash dividend for the first half of 2024 is RMB 0.182 per share, totaling RMB 13.516 billion [178]. - The total number of ordinary shares at the end of the reporting period was 74,262,726,645, with A-shares accounting for 52.85% and H-shares for 47.15% [154]. - The total number of ordinary shareholders was 277,228, with 247,301 holding A-shares and 29,927 holding H-shares [156]. Business Strategy and Development - The bank aims to enhance its capabilities in customer operations, technology leadership, risk management, collaborative operations, and resource allocation [9]. - The bank focuses on four key business areas: inclusive finance, trade finance, technology finance, and wealth finance [9]. - The company plans to enhance its market expansion strategies and invest in new technologies to drive future growth [19]. - The company is actively pursuing new strategies for market expansion and product development, aligning with its long-term growth objectives [188]. Digital Transformation and Innovation - The bank emphasizes digital transformation and innovation to drive high-quality development [9]. - The company aims to enhance its digital transformation and improve service capabilities through data-driven strategies and AI applications [75]. - The monthly active users of the personal mobile banking app reached 45.2217 million, with a year-on-year growth of 4.96% [113]. - The company opened 5,215 API interfaces, with over 4.8 billion calls, and issued financing amounts of 135.034 billion yuan through open banking services, a year-on-year increase of 69.36% [115]. Green Finance Initiatives - The bank is committed to promoting green finance and has integrated it into its overall business strategy, emphasizing its importance in achieving national carbon neutrality goals [192]. - The bank's green loans reached CNY 10,870.998 billion, an increase of CNY 48.956 billion, representing a growth rate of 5.96% compared to the end of the previous year [196]. - The bank has established a matrix training system with "1 center + 2 bases + 6 regional training centers + 9 major business lines" to enhance training effectiveness [190]. - The bank has successfully launched the first transformation finance loan for the water transportation industry, demonstrating its commitment to innovative financial solutions [195].