2018-08-30 16:00Financial Performance - The company reported no profit distribution or capital reserve increase in the first half of 2018[4]. - Net interest income for the first half of 2018 was RMB 33,874 million, a decrease of 17.61% compared to RMB 41,115 million in the same period of 2017[26]. - Non-interest income increased by 40.66% to RMB 41,543 million from RMB 29,535 million year-on-year[26]. - Total operating income rose by 6.75% to RMB 75,417 million compared to RMB 70,650 million in the first half of 2017[26]. - The net profit attributable to shareholders of the parent company was RMB 29,618 million, reflecting a growth of 5.45% from RMB 28,088 million in the previous year[26]. - Basic earnings per share for the first half of 2018 was RMB 0.68, a 6.25% increase from RMB 0.64 in the same period of 2017[26]. - The average return on total assets was 1.00%, an increase of 0.02 percentage points year-on-year[44]. - The net profit attributable to shareholders reached RMB 29.618 billion, an increase of RMB 1.530 billion, representing a growth of 5.45%[44]. - Total operating income reached RMB 75.42 billion, reflecting a year-on-year growth of 6.75%[55]. Asset and Liability Management - The total assets as of June 30, 2018, reached RMB 6,061,143 million, an increase of 2.69% from RMB 5,902,086 million at the end of 2017[27]. - The total liabilities of the group amounted to RMB 5,653.30 billion, an increase of RMB 141.03 billion or 2.56% compared to the end of the previous year[103]. - The total equity attributable to shareholders of the parent company was RMB 397.04 billion, an increase of RMB 18.07 billion or 4.77%, driven by the growth in net profit[111]. - The balance of various loans was RMB 3,052.658 billion, an increase of RMB 248.351 billion, reflecting a growth of 8.86%[45]. - The balance of deposits reached RMB 3,157.881 billion, an increase of RMB 191.570 billion, with a growth rate of 6.46%[45]. Loan and Credit Quality - The non-performing loan ratio was 1.72%, slightly up from 1.71% at the end of 2017[27]. - The provision coverage ratio improved to 162.74%, up from 155.61% at the end of 2017[27]. - The non-performing loan balance was RMB 52.66 billion, with a growth of 9.95% year-on-year, resulting in a non-performing loan ratio of 1.72%[52]. - The total amount of restructured loans was RMB 172.30 billion, an increase of RMB 23.93 billion from the previous year-end, accounting for 0.56% of total loans[135]. - The overdue loans totaled RMB 964.65 billion, increasing by RMB 73.48 billion from the previous year-end, representing 3.16% of total loans[135]. Strategic Initiatives - The board approved the implementation plan for the bank's reform and transformation, aiming for a three-year period to enhance service quality and efficiency[16]. - The bank focuses on serving private enterprises, establishing a strategic whitelist of high-quality private companies for tailored services[18]. - The bank is accelerating its technology finance development, building a large-scale big data platform for precise marketing and risk control[19]. - The bank's strategy focuses on serving private enterprises, enhancing its competitive edge in differentiated services[40]. - The establishment of ten business divisions aims to improve management and operational efficiency[41]. Technology and Innovation - The bank is committed to embracing financial technology and enhancing its online banking services[40]. - The company is focusing on digital transformation in retail banking, leveraging big data for marketing and improving customer experience[189]. - The company launched the first "Belt and Road" supply chain financial securitization project, marking a breakthrough in asset securitization[185]. - The company’s international business saw growth through innovative service models, enhancing cross-border cash management capabilities[186]. Income and Expense Management - The cost-to-income ratio decreased to 23.99% from 24.86% year-on-year, indicating improved efficiency[26]. - The bank's net commission income for the first half of 2018 was RMB 24,327 million, a slight decrease of 0.61% compared to RMB 24,477 million in the same period of 2017[81]. - Other non-interest income increased significantly to RMB 17,216 million, up 240.37% from RMB 5,058 million year-on-year, primarily due to the implementation of new financial instrument standards[82]. - Investment income rose to RMB 7,278 million, representing a substantial increase of 177.68% from RMB 2,621 million in the previous year[84]. Customer Growth and Engagement - Retail non-corporate customers increased to 36.36 million, up by 1.75 million, representing a growth of 5.05%[49]. - The number of retail non-zero customers reached 36.36 million, an increase of 1.75 million compared to the end of the previous year[192]. - The company added 79,800 corporate deposit customers, a growth rate of 7.88%, bringing the total to 1,092,600[182]. - Credit card transactions amounted to 1.02 trillion yuan, a year-on-year increase of 41.01%[200].