2024-08-30 12:37Financial Performance - Operating revenue for the first half of 2024 was RMB 69,808 million, a decrease of 8.77% compared to RMB 76,520 million in the same period of 2023[8]. - Net profit for the first half of 2024 reached RMB 24,610 million, reflecting a year-on-year increase of 1.61% from RMB 24,219 million in 2023[8]. - Total assets as of June 30, 2024, amounted to RMB 6,796,694 million, representing a 0.35% increase from RMB 6,772,796 million at the end of 2023[8]. - The basic earnings per share for the first half of 2024 was RMB 0.37, a decrease of 2.63% compared to RMB 0.38 in the same period of 2023[8]. - The total equity attributable to shareholders increased to RMB 568,391 million, a rise of 2.90% from RMB 552,391 million at the end of 2023[8]. - The net profit for the period was RMB 24,610 million, reflecting a year-on-year increase of 1.61%[29]. - The total comprehensive income for the group was RMB 28,917 million for the first half of 2024, an increase of 5.0% from RMB 27,530 million in the same period of 2023[194]. - The bank's total liabilities and shareholders' equity amounted to RMB 570,865 million as of June 30, 2024, compared to RMB 554,785 million at the end of 2023, indicating an increase of 2.0%[190]. Risk Management - The non-performing loan ratio remained stable at 1.25% as of June 30, 2024, unchanged from the end of 2023[10]. - The bank emphasizes the importance of credit risk management, implementing a unified credit management system and optimizing asset portfolio structure to mitigate risks[112]. - The bank maintains a prudent liquidity risk management strategy, ensuring sufficient liquidity levels and conducting regular stress tests[113]. - The bank has established a comprehensive market risk management system to monitor and control interest rate, exchange rate, and commodity risks[113]. - The bank's large exposure limits are maintained within regulatory requirements, ensuring effective management of client concentration risks[114]. - The bank's country risk exposure is rated above investment grade, with provisions meeting regulatory requirements[114]. - The bank has implemented measures to enhance operational risk management, including dynamic monitoring and historical loss data analysis[115]. Capital and Equity - The capital adequacy ratio as of June 30, 2024, was 9.59%, up from 9.18% at the end of 2023[15]. - The capital adequacy ratio improved to 13.87%, an increase of 0.37 percentage points from the end of the previous year[28]. - The bank's capital reserve as of June 30, 2024, was RMB 74,473 million, up from RMB 58,434 million a year earlier, reflecting a significant increase of 27.4%[199]. - The general risk reserve increased to RMB 86,310 million as of June 30, 2024, compared to RMB 81,554 million in the previous year, indicating a rise of 5.5%[199]. - The bank's retained earnings as of June 30, 2024, were RMB 210,828 million, an increase from RMB 189,422 million as of June 30, 2023, showing an increase of 11.3%[199]. Loans and Advances - The total loan amount reached CNY 3.89 trillion, an increase of 2.81% compared to the end of the previous year[20]. - Retail loan scale (excluding credit cards) was CNY 1.11 trillion, growing by 2.50% year-on-year[20]. - The balance of loans to technology enterprises reached CNY 351.06 billion, an increase of CNY 83.81 billion, representing a growth of 31.36% compared to the end of the previous year[25]. - The balance of green loans was CNY 403.41 billion, up by CNY 89.64 billion, reflecting a growth of 28.57% year-on-year[25]. - The balance of inclusive finance loans stood at CNY 429.33 billion, increasing by CNY 50.20 billion, which is a growth of 13.24% from the previous year[25]. - The total loans and advances amounted to RMB 3,893.444 billion, increasing by RMB 106.490 billion, or 2.81% year-on-year[28]. - The loan balance in the Yangtze River Delta region reached RMB 954,346 million, accounting for 24.51% of total loans as of June 30, 2024, up from 23.86% in December 2023[58]. Digital Transformation and Innovation - The company aims to enhance its wealth management services and digital transformation to better serve the economy and society[22]. - The bank is focusing on digital transformation to enhance business development, emphasizing the integration of technology and finance[26]. - The bank is focusing on digital transformation and enhancing service capabilities through automation and digital technologies[87]. - The company launched a digital comprehensive service platform for financial institutions, focusing on GMV and enhancing service capabilities for nearly 4,000 industry clients[103]. - The bank's digital financial services have expanded to cover 30 provincial regions for personal social security payment services, enhancing accessibility for minority communities[100]. Shareholder Information - The company distributed a cash dividend of 1.73 yuan per 10 shares, totaling 10.222 billion yuan[135]. - The company’s total share capital remained at 59,085,551,061 shares as of June 30, 2024[137]. - The number of shareholders at the end of the reporting period was 180,011 for A shares and 825 for H shares[138]. - The largest shareholder, Everbright Group, directly and indirectly holds 47.30% of the bank's shares, with its controlling shareholder, Central Huijin Investment, holding 63.16%[141]. - The company has conducted 19 related party transactions with approximately 885.18 billion yuan in total during the reporting period[143]. Customer and Market Engagement - The company conducted 23,500 financial education activities, a year-on-year increase of 49.55%, reaching 238 million consumers, up 89.93%[125]. - The number of personal pension customers increased by 69.48% compared to the previous year[20]. - The total number of clients reached 991,400, with a total FPA of RMB 5.09 trillion[81]. - The number of mobile banking registered users increased by 3.26% to 63.9335 million, with monthly active users growing by 9.08% to 22.6226 million[99]. Compliance and Governance - The board of directors held 6 meetings during the reporting period, reviewing 66 proposals and listening to 34 reports, demonstrating effective decision-making[166]. - The supervisory board held 5 meetings during the reporting period, reviewing 17 proposals and listening to 46 reports[172]. - The company published 52 A-share announcements and 76 H-share announcements, ensuring compliance with information disclosure rules[177]. - The independent directors provided constructive and professional opinions on matters involving minority shareholders' interests[171].