2016-08-29 16:00Financial Performance - Net interest income for the first half of 2016 was RMB 47,438 million, a 0.94% increase from RMB 46,994 million in the same period of 2015[14]. - Non-interest income reached RMB 30,513 million, reflecting a 2.02% growth compared to RMB 29,908 million in the previous year[14]. - Total operating income amounted to RMB 77,951 million, up 1.36% from RMB 76,902 million year-on-year[14]. - The bank's total profit for the first half of 2016 was RMB 35,181 million, a decrease of 0.98% from RMB 35,529 million in the same period of 2015[14]. - Net profit attributable to shareholders of the parent company was RMB 27,223 million, representing a 1.66% increase from RMB 26,778 million in the previous year[14]. - The average return on total assets (annualized) decreased to 1.13% from 1.31% in the previous year, a decline of 0.18 percentage points[14]. - The cost-to-income ratio improved to 23.03%, down from 27.34% in the same period of 2015, indicating better operational efficiency[14]. - The net interest margin decreased to 2.01%, down from 2.35% in the previous year, reflecting competitive pressures in the market[14]. Asset and Liability Management - Total assets amounted to RMB 5,250.162 million, an increase of 16.14% compared to the end of the previous year[19]. - The total loans and advances reached RMB 2,274.710 million, up 11.07% year-on-year[19]. - The total liabilities were RMB 4,922.507 million, reflecting a growth of 16.90% year-on-year[19]. - The non-performing loan ratio was 1.67%, an increase of 0.07 percentage points from the previous year[19]. - The core Tier 1 capital adequacy ratio was 9.34%, an increase of 0.17 percentage points year-on-year[19]. Customer and Market Growth - The number of personal mobile banking customers reached 21.78 million, an increase of 2.75 million, or 14.45% year-on-year[34]. - The number of corporate deposit customers increased to 761,100, up by 69,100, or 9.99% year-on-year[33]. - The total amount of deposits absorbed by the company was RMB 2,934.63 billion, an increase of RMB 202.37 billion or 7.41%, accounting for 59.62% of total liabilities[93]. - The number of personal non-zero customers reached 27.9853 million, an increase of 2.3714 million compared to the end of the previous year[156]. - The number of direct banking customers reached 3.6092 million, with a total subscription amount for the "Ruyi Bao" product at 1.190221 trillion yuan[169]. Operational Efficiency - The group reduced its business and management expenses to 17.95 billion RMB, a decrease of 3.07 billion RMB, or 14.62% year-on-year[35]. - The leverage ratio decreased to 5.33% from 5.47% in the previous quarter[132]. - The company established a service quality monitoring system covering 94% of its branches, with 1,018 branches monitored during the reporting period[192]. Investment and Financing Activities - The company issued a total of 185 short-term financing bonds and other instruments, with a total issuance scale of CNY 127.5 billion, representing a year-on-year growth of 17%[152]. - The company achieved a total of CNY 67 billion in asset securitization issuance, with CNY 41 billion from credit asset circulation and CNY 26 billion from corporate securitization financing[152]. - The company’s borrowings from the central bank increased by 244.77% year-on-year, indicating a significant rise in borrowing scale[149]. Non-Performing Loans and Risk Management - The group has implemented multiple strategies to manage and recover non-performing loans, including restructuring and litigation[125]. - The total amount of non-performing loans is 38.077 billion RMB, an increase of 5.256 billion RMB, with a growth rate of 16.01%[121]. - The group has increased its loan loss provisions to 58.086 billion RMB, up from 50.423 billion RMB at the end of the previous year[120]. Digital Banking and Technology - The cumulative transaction volume for personal online payments during the reporting period was CNY 292.062 billion, while the cumulative transaction volume for fund sales supervision was CNY 219.313 billion[172]. - The cumulative transaction volume for personal mobile payments during the reporting period was CNY 37.10 million[174]. - The number of users for the company's WeChat service account matrix reached 13.0521 million, ranking among the top in the industry[176]. Wealth Management and Investment Products - The scale of the company's wealth management products reached CNY 1,334.590 billion, an increase of 26.08% from the end of the previous year[183]. - The balance of private banking financial assets reached 299.739 billion yuan, an increase of 26.731 billion yuan, representing a 9.79% growth[166].