Financial Performance - Operating income for the first half of 2024 reached RMB 20,692 million, a 4.57% increase from RMB 19,788 million in the same period of 2023[29]. - Pre-tax profit for the first half of 2024 was RMB 10,183 million, reflecting a 3.06% growth compared to RMB 9,881 million in the first half of 2023[29]. - Net profit for the first half of 2024 amounted to RMB 8,986 million, up 5.90% from RMB 8,486 million in the same period last year[29]. - Profit attributable to shareholders for the first half of 2024 was RMB 8,631 million, representing a 6.53% increase from RMB 8,102 million in the first half of 2023[29]. - For the first half of 2024, the company reported a net profit attributable to shareholders of RMB 8.63 billion, an increase of 6.39% compared to RMB 8.10 billion in the same period of 2023[40]. Assets and Liabilities - Total assets as of June 30, 2024, reached RMB 1,928.11 billion, reflecting a growth of 6.75% from RMB 1,806.14 billion at the end of 2023[37]. - As of June 30, 2024, the total liabilities of the company amounted to RMB 1,773.46 billion, an increase of 6.87% compared to the end of the previous year[81]. - The total customer deposits reached RMB 1,121.09 billion, representing a growth of 9.89% from the end of 2023, accounting for 63.21% of total liabilities[82]. - The total investment amounted to RMB 741.13 billion, representing 38.44% of total assets, up from 38.06% at the end of 2023[71]. Loan and Credit Quality - Customer loans and advances totaled RMB 954.55 billion, up 9.19% from RMB 874.22 billion at the end of 2023[37]. - The non-performing loan ratio improved to 1.14%, down from 1.26% at the end of 2023[38]. - The company's loans amounted to RMB 628.37 billion, which is 65.83% of total customer loans and advances[69]. - The company’s normal loans amounted to RMB 934.50 billion, representing 97.90% of total loans as of June 30, 2024[87]. - The company reported a decrease in the NPL ratio from 1.26% in December 2023 to 1.14% in June 2024[91]. Income and Expenses - The company's net interest income for the first half of 2024 was RMB 14.69 billion, a decrease of 3.01% from RMB 15.14 billion in the same period of 2023[41]. - Non-interest income for the first half of 2024 was RMB 6.006 billion, an increase of RMB 1.360 billion or 29.27% year-on-year, driven by increases in trading and financial investment income[56]. - Operating expenses for the first half of 2024 totaled RMB 4.980 billion, an increase of RMB 112 million or 2.30% year-on-year[61]. - Impairment losses amounted to RMB 5.700 billion, an increase of RMB 522 million or 10.08% year-on-year[63]. Capital and Ratios - The capital adequacy ratio increased to 13.37% as of June 30, 2024, compared to 13.21% at the end of 2023[34]. - The return on average assets (ROA) for the first half of 2024 was 0.96%, a decrease of 0.06 percentage points from 1.02% in the same period of 2023[32]. - The return on equity (ROE) improved to 13.75% for the first half of 2024, compared to 12.52% for the full year of 2023[32]. Employee and Branch Information - The bank employed 11,979 staff and operated 21 branches and 467 business outlets as of June 30, 2024[27]. Market Position and Brand Value - Huishang Bank ranked 112th in the "Top 1000 Global Banks" by The Banker magazine, improving by 11 positions from the previous year[27]. - The bank's brand value ranked 146th in the "Top 500 Global Banking Brands," an increase of 6 positions from the previous year[27]. Digital Transformation and Innovation - The company is accelerating the transformation of light capital business, focusing on wealth management as a key driver for retail transformation[116]. - The bank is advancing the digitalization of its operations, focusing on data governance and the integration of business and technology[116]. - The bank has established a data governance framework and is actively developing a data middle platform to improve data management efficiency and support risk management[177]. Green Finance Initiatives - The total balance of green loans reached RMB 106.864 billion, an increase of RMB 24.461 billion, or 29.68% compared to the end of the previous year[147]. - The bank aims to support the economic and social development of Anhui Province through its financial services[182]. - The bank is focusing on digital transformation in credit risk management, implementing a comprehensive digitalization plan across six business areas[155]. Shareholder Information - The total number of ordinary shareholders as of June 30, 2024, was 17,196, with 1,342 holding H shares[187]. - The bank's total ordinary shares stood at 13,889,801,211, with 74.95% being domestic shares and 25.05% H shares[187]. - The largest shareholder is the Deposit Insurance Fund Management Co., Ltd., holding 1,559,000,000 shares, representing 11.22% of the total ordinary shares[191].
徽商银行(03698) - 2024 - 中期财报