Bank Of Jiangsu(SH:600919)2017-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2017 was CNY 17,020,342, an increase of 5.27% compared to CNY 16,168,518 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2017 was CNY 6,176,786, reflecting a growth of 10.11% from CNY 5,609,534 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,136,163, an increase of 8.92% compared to CNY 5,633,670 in the same period last year[19]. - The net profit attributable to shareholders for the second quarter was CNY 3,188,698, showing an increase from CNY 2,988,088 in the first quarter[25]. - The group achieved net interest income of 13.83 billion RMB, a year-on-year increase of 9.11%[49]. - The company's net profit attributable to shareholders was 6.177 billion yuan, up 10.11% year-on-year[45]. - The group's net profit for the first half of 2017 was RMB 6,221,358 thousand, compared to RMB 5,628,683 thousand in the first half of 2016, marking a growth of approximately 10.5%[199]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,727,171,780, representing an increase of 8.06% from CNY 1,598,292,446 at the end of the previous year[19]. - The total assets as of June 30, 2017, amounted to CNY 1,727,171,780, an increase from CNY 1,598,292,446 at the end of 2016[102]. - The total liabilities increased to 1,639.83 billion RMB, reflecting a growth of 125.7 billion RMB or 8.30% year-to-date[55]. - Total liabilities amounted to RMB 1,639,827,099 thousand as of June 30, 2017, compared to RMB 1,514,085,480 thousand at the end of 2016, indicating an increase of around 8.3%[193]. Capital and Equity - The total equity increased by CNY 3,137,715 to CNY 87,344,681 during the reporting period[34]. - The bank's total equity increased to RMB 87,344,681 thousand as of June 30, 2017, compared to RMB 84,206,966 thousand at the end of 2016, reflecting a growth of approximately 3.5%[196]. - The capital adequacy ratio was reported at 10.97%, above the regulatory requirement of 10.5%[102]. Risk Management - There are no foreseeable major risks reported by the company, indicating a stable risk management situation[5]. - The company has established a new risk control system combining traditional risk management and big data[42]. - The company aims to strengthen its risk management framework to ensure compliance with regulatory requirements and maximize shareholder value[128]. - The bank has implemented measures to optimize credit asset structure and control new non-performing loans, including enhancing risk monitoring and management practices[114]. Loans and Credit - The company's loan balance increased by 7.96% to 701.1 billion yuan compared to the beginning of the year[44]. - The total amount of loans reached CNY 701,061,645, with corporate loans accounting for CNY 484,727,067 and retail loans for CNY 168,428,481[102]. - The company maintained a non-performing loan ratio of 1.43%, unchanged from the beginning of the year[44]. - The total amount of non-performing loans increased by CNY 739 million to CNY 10.057 billion in the first half of 2017[108]. Income and Expenses - The average yield on interest-earning assets was 4.18%, while the average interest rate on interest-bearing liabilities was 2.72%[30]. - The business and management expenses amounted to 4.42 billion RMB, reflecting a year-on-year increase of 6.01%[53]. - The bank's fee and commission income for the first half of 2017 was RMB 3,286,012 thousand, slightly down from RMB 3,460,693 thousand in the same period of 2016, indicating a decrease of about 5%[199]. Awards and Recognition - The company received several awards, including the Best Green Finance Award from the China Banking Association for 2016[6]. - The company received multiple awards for its wealth management services, including recognition as the top city commercial bank in wealth management capability for the first and second quarters of 2017[123]. Corporate Governance - The company has no major litigation or arbitration matters during the reporting period, with 9 pending cases involving amounts over RMB 10 million, totaling RMB 974 million, which are not expected to significantly impact the financial status or operating results[161]. - The company has committed to measures to mitigate the dilution of immediate returns from the non-public issuance of preferred shares, including linking compensation systems to the execution of these measures[158]. - The company has a commitment to avoid competition with Jiangsu Bank, ensuring that it will not engage in any business activities that compete with the main business of Jiangsu Bank and its branches[157]. Employee and Management - The total number of employees in the company is 14,439, with 3,995 in management and 3,293 in marketing[181]. - The company has a total of 542 branches, including 17 first-level branches and 524 sub-branches[106]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[163].