苏州银行(002966) - 2024 Q2 - 季度财报

Financial Performance - Operating income for the first half of 2024 reached RMB 6,387,986 thousand, an increase of 1.88% compared to RMB 6,270,047 thousand in the same period of 2023[12]. - Net profit for the first half of 2024 was RMB 3,043,815 thousand, reflecting an 11.20% increase from RMB 2,737,228 thousand in the first half of 2023[12]. - The net profit attributable to shareholders of the parent company for the first half of 2024 was RMB 2,952,705 thousand, up 12.10% from RMB 2,633,946 thousand in the same period last year[12]. - Basic earnings per share for the first half of 2024 were RMB 0.74, representing a 7.25% increase from RMB 0.69 in the first half of 2023[12]. - The diluted earnings per share for the first half of 2024 were RMB 0.64, up 6.67% from RMB 0.60 in the same period of 2023[12]. - The net profit after deducting non-recurring gains and losses for the first half of 2024 was RMB 2,920,396 thousand, reflecting a 14.62% increase from RMB 2,547,822 thousand in the first half of 2023[12]. - The total income tax expense for the first half of 2024 was 537,162 thousand RMB, representing a 19.98% increase from 447,718 thousand RMB in the previous year[66]. Asset and Liability Management - Total assets as of June 30, 2024, amounted to RMB 659,514,377 thousand, a 9.58% increase from RMB 601,841,456 thousand at the end of 2023[12]. - The net assets attributable to shareholders of the parent company as of June 30, 2024, were RMB 47,256,650 thousand, a 3.91% increase from RMB 45,479,985 thousand at the end of 2023[12]. - The total liabilities of the group reached CNY 610.03 billion, an increase of CNY 55.85 billion or 10.08% compared to the previous year[87]. - The company's total equity reached CNY 49.49 billion, an increase of CNY 1.82 billion or 3.82% year-over-year[94]. Loan and Deposit Growth - The total loans and advances issued as of June 30, 2024, reached CNY 312,487,129, an increase of 11.15% compared to December 31, 2023[19]. - The total deposits absorbed as of June 30, 2024, amounted to CNY 423,989,426, reflecting a growth of 13.84% from December 31, 2023[19]. - The balance of various deposits was RMB 415.230 billion, up RMB 51.410 billion, with a growth rate of 14.13%[32]. - The balance of various loans was RMB 325.116 billion, an increase of RMB 31.715 billion, reflecting a growth rate of 10.81%[32]. Risk Management - The non-performing loan ratio stands at 0.84% as of June 30, 2024, unchanged from December 31, 2023[21]. - The provision coverage ratio stood at 486.80%, with a provision-to-loan ratio of 4.10%, indicating stable asset quality[34]. - The bank emphasizes risk management, focusing on credit risk, market risk, operational risk, and liquidity risk, with a comprehensive risk management framework in place[139]. - The bank's liquidity management strategies include enhancing liability management and optimizing asset structure to ensure liquidity risk remains within a safe range, with all liquidity regulatory indicators meeting requirements[147]. Income and Expense Analysis - Net interest income decreased to RMB 4,149,919 thousand, down RMB 129,928 thousand or 3.04% year-on-year[37]. - Total interest income rose to RMB 10,486,159 thousand, an increase of RMB 505,590 thousand or 5.07% from the previous year[38]. - Total interest expenses increased to RMB 6,336,239 thousand, up RMB 635,517 thousand or 11.15% compared to the same period last year[38]. - The bank's total operating expenses decreased to RMB 2,804,812 thousand, down RMB 278,016 thousand or 9.02% from the previous year[36]. Digital Transformation and Customer Engagement - The number of personal users on the Suzhou Bank App reached 5.78 million, with an annual increase of 221,300 users[168]. - The bank's digital RMB service system included 142,900 personal wallets and 23,200 corporate wallets by the end of the reporting period[168]. - The bank has focused on digital transformation and integrated operations to enhance service quality for the real economy[156]. Corporate Governance and Compliance - The bank has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[180]. - The bank has not engaged in any non-compliant external guarantees during the reporting period[181]. - The bank's compliance risk management focuses on enhancing legal awareness and improving compliance mechanisms, including the development of a digital compliance system[148]. Related Party Transactions - The bank approved a major related party transaction with Suzhou Industrial Park State-owned Capital Investment Operation Holding Co., Ltd. for a credit limit of RMB 158,046 million[187]. - The bank's major related party transactions included a credit amount of RMB 280,000 million with Jiangsu Shagang Group Co., Ltd. and its affiliates[189]. - The bank's related party transactions adhered to the principles of honesty and fairness, with no significant impact on the company's operating results and financial status[186].