江苏银行(600919) - 2025 Q2 - 季度财报

Important Notice The board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with the 2024 annual general meeting authorizing the board to decide the 2025 interim profit distribution plan - The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content and assume legal responsibility[4] - This semi-annual report has not been audited, but Deloitte Touche Tohmatsu Certified Public Accountants (Special General Partnership) has reviewed it[4] - Ge Renyu, the legal representative and chairman, Yuan Jun, the president and head of accounting, and Lu Songzheng, the board secretary and general manager of the planning and finance department, guarantee the truthfulness, accuracy, and completeness of the financial report[4] - The 2024 Annual General Meeting of Shareholders authorized the board of directors to decide the 2025 interim profit distribution plan, which will be announced separately[4] Definitions This section defines common terms used in the report, including "the Bank," "the Group," "the Central Bank," and abbreviations for key subsidiaries and partners - This section provides definitions for common terms used in the report, such as "the Bank", "the Group", "the Central Bank", and abbreviations for major subsidiaries and cooperative institutions[9] Section I Company Profile Jiangsu Bank, listed in 2016, is a systemically important bank with 4.79 trillion yuan in assets as of June 2025, ranking 56th globally and first among domestic city commercial banks I. Company Information Jiangsu Bank Co., Ltd. (A-share code 600919, preferred stock code 360026) is headquartered in Nanjing, with Ge Renyu as its legal representative | Indicator | Information | | :--- | :--- | | A-share Stock Abbreviation | Jiangsu Bank | | A-share Stock Code | 600919 | | Preferred Stock Abbreviation | Suyin Preferred 1 | | Preferred Stock Code | 360026 | | Company Chinese Name | Jiangsu Bank Co., Ltd. | | Company Registered/Office Address | No. 26 Zhonghua Road, Nanjing | | Legal Representative | Ge Renyu | | Board Secretary | Lu Songzheng | | Investor Contact Number | (86)25-52890919 | | Company Website | http://www.jsbchina.cn | II. Securities Service Institutions Deloitte Touche Tohmatsu Certified Public Accountants (Special General Partnership) serves as the company's auditor, with Shen Xiaohong and Zhang Hua as signing accountants | Institution Type | Name | Office Address | Signing Accountant Names | | :--- | :--- | :--- | :--- | | Accounting Firm | Deloitte Touche Tohmatsu Certified Public Accountants (Special General Partnership) | 30th Floor, 222 Yan'an East Road, Huangpu District, Shanghai | Shen Xiaohong, Zhang Hua | III. Company Overview Established in 2007 and listed in 2016, Jiangsu Bank is a systemically important bank with 4.79 trillion yuan in assets by June 2025, ranking 56th globally - Jiangsu Bank was established on January 24, 2007, and listed on the Shanghai Stock Exchange on August 2, 2016, making it one of the 20 systemically important banks in China[13] - As of the end of June 2025, total assets reached 4.79 trillion yuan[13] - Ranked 56th in The Banker magazine's "Top 1000 World Banks," an increase of 10 places from the previous year, and 16th among Chinese banks, holding the top position among domestic city commercial banks[13] - It has 18 branches and 3 subsidiaries: Suyin Financial Leasing, Suyin Wealth Management, and Suyin KGI Consumer Finance, with its network covering all counties in Jiangsu Province and business extending to the Yangtze River Delta, Pearl River Delta, and Bohai Rim economic circles[13] IV. Business Scope Jiangsu Bank's business scope includes deposit taking, lending, settlement, bill business, financial bond issuance, agency services, bank card services, foreign exchange, and credit investigation - The main business scope includes accepting public deposits, issuing loans, handling domestic settlements, bill acceptance and discounting, issuing financial bonds, acting as agent for issuing/cashing/underwriting government bonds, buying and selling bonds, interbank lending, and letter of credit services and guarantees[16] - It also includes acting as agent for collection and payment and insurance business, wealth management for clients, acting as agent for selling funds/precious metals, providing safe deposit box services, entrusted deposit and loan business, bank card business, foreign currency deposits/loans/remittances, foreign currency exchange, foreign exchange settlement and sales, international settlement, proprietary and client foreign exchange trading, interbank foreign exchange lending, buying and selling foreign currency marketable securities, credit investigation/consulting/witnessing services, and online banking[16] Section II Financial Highlights Jiangsu Bank achieved robust growth in operating income and net profit, with significant increases in total assets and operating cash flow, while maintaining stable asset quality I. Key Accounting Data and Financial Indicators Jiangsu Bank reported steady growth in revenue and net profit, a substantial increase in operating cash flow, and maintained a low non-performing loan ratio, despite slight declines in profitability ratios Report Period Key Accounting Data (January-June) | Item | Current Reporting Period (thousand yuan) | Prior Year Period (thousand yuan) | Period-over-Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Income | 44,864,292 | 41,624,957 | 7.78 | | Net Profit Attributable to Parent Company Shareholders | 20,238,459 | 18,730,854 | 8.05 | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-Recurring Gains/Losses) | 20,170,610 | 18,512,270 | 8.96 | | Net Cash Flow from Operating Activities | 313,044,010 | 102,005,001 | 206.89 | | Item | Current Reporting Period End (thousand yuan) | Prior Year End (thousand yuan) | Period-End Change (%) | | Net Assets Attributable to Parent Company Shareholders | 329,455,204 | 303,589,817 | 8.52 | | Net Assets Per Share Attributable to Parent Company Common Shareholders (yuan) | 13.59 | 12.73 | 6.76 | | Total Assets | 4,788,480,221 | 3,952,041,570 | 21.16 | Report Period Key Financial Indicators (January-June) | Item | Current Reporting Period (Jan-Jun) | Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 1.03 | 0.98 | 5.10 | | Diluted Earnings Per Share (yuan/share) | 1.03 | 0.98 | 5.10 | | Basic Earnings Per Share (Excluding Non-Recurring Gains/Losses) (yuan/share) | 1.03 | 0.97 | 6.19 | | Return on Total Assets (Annualized, %) | 0.96 | 1.08 | Decrease of 0.12 percentage points | | Weighted Average Return on Net Assets (Annualized, %) | 15.64 | 16.42 | Decrease of 0.78 percentage points | | Weighted Average Return on Net Assets (Excluding Non-Recurring Gains/Losses) (Annualized, %) | 15.58 | 16.22 | Decrease of 0.64 percentage points | Key Financial Indicators for the Last Three Years | Indicator | June 30, 2025 | December 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | :--- | | Capital Adequacy Ratio (%) | 12.36 | 12.99 | 13.31 | | Tier 1 Capital Adequacy Ratio (%) | 11.17 | 11.82 | 11.25 | | Core Tier 1 Capital Adequacy Ratio (%) | 8.49 | 9.12 | 9.46 | | Non-Performing Loan Ratio (%) | 0.84 | 0.89 | 0.89 | | Loan-to-Deposit Ratio (%) | 85.51 | 89.06 | 89.79 | | Liquidity Ratio (%) | 121.00 | 110.36 | 96.94 | | Provision Coverage Ratio (%) | 331.02 | 350.10 | 389.53 | | Cost-to-Income Ratio (%) | 22.21 | 24.73 | 23.99 | II. Quarterly Key Financial Data for the Reporting Period Jiangsu Bank's operating income and net profit for the second quarter exceeded the first quarter, indicating consistent growth, while operating cash flow was higher in Q1 Quarterly Key Financial Data for the Reporting Period (thousand yuan) | Key Financial Data | First Quarter (Jan-Mar) | Second Quarter (Apr-Jun) | | :--- | :--- | :--- | | Operating Income | 22,304,128 | 22,560,164 | | Net Profit Attributable to Parent Company Shareholders | 9,780,003 | 10,458,456 | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-Recurring Gains/Losses) | 9,695,471 | 10,475,139 | | Net Cash Flow from Operating Activities | 169,075,192 | 143,968,818 | III. Non-Recurring Gains and Losses Items and Amounts Jiangsu Bank's non-recurring gains and losses totaled 67,849 thousand yuan, primarily from non-current asset disposal, government subsidies, and other items, after tax and minority interest adjustments Non-Recurring Gains and Losses Items and Amounts (thousand yuan) | Non-Recurring Gains and Losses Item | Amount | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 14,421 | | Government Subsidies Included in Current Profit/Loss (Excluding Those with Continuous Impact) | 168,475 | | Other Gains/Losses Meeting the Definition of Non-Recurring Gains/Losses | -47,065 | | Impact on Minority Shareholders' Equity | -27,306 | | Income Tax Impact | -40,676 | | Total | 67,849 | IV. Changes and Reasons for Key Accounting Data and Financial Indicators Significant changes in Jiangsu Bank's accounting items, including cash, interbank deposits, and financial assets/liabilities, were driven by increased reserves, expanded securities, and valuation changes, with goodwill from an acquisition Major Accounting Item Changes and Reasons | Major Accounting Item | Change from Prior Year-End/Period (%) | Main Reasons | | :--- | :--- | :--- | | Cash and Deposits with Central Bank | 37.80 | Increase in central bank reserve scale | | Deposits with Interbank and Other Financial Institutions | 84.64 | Increase in domestic interbank deposit scale | | Derivative Financial Assets | -35.68 | Decrease in derivative financial asset valuation | | Financial Assets Held Under Resale Agreements | 214.88 | Increase in securities held under resale agreements | | Other Debt Investments | 52.98 | Increase in FVOCI financial asset scale | | Other Equity Instrument Investments | 80.27 | Increase in valuation of other equity instrument investments | | Goodwill | No prior year period | Arising from the acquisition of Ningbo Jiangbei Fumin Village Bank | | Other Assets | 47.94 | Increase in other asset scale | | Deposits from Interbank and Other Financial Institutions | 44.17 | Increase in deposits from interbank and other financial institutions | | Trading Financial Liabilities | 107.26 | Increase in trading financial liabilities included in the scope of consolidation | | Deferred Income Tax Liabilities | -52.69 | Decrease in deferred income tax liabilities | | Other Income | -43.08 | Decrease in other income | | Net Gains from Fair Value Changes | -111.07 | Decrease in net gains from fair value changes of trading financial assets | | Net Exchange Gains | 80.65 | Increase in exchange gains from derivative financial instruments | | Gains from Disposal of Assets | 384.58 | Increase in gains from disposal of fixed assets | | Credit Impairment Losses | 48.16 | Increase in credit impairment losses | | Non-Operating Income | -38.17 | Decrease in non-operating income | | Non-Operating Expenses | 239.53 | Increase in non-operating expenses | | Income Tax Expense | -52.74 | Decrease in income tax expense | V. Items Measured at Fair Value Jiangsu Bank's total assets measured at fair value increased by 28.87% to 1.41 trillion yuan, driven by growth in trading financial assets and other debt investments, while liabilities also rose Items Measured at Fair Value (thousand yuan) | Item | December 31, 2024 | June 30, 2025 | Current Period Change (%) | | :--- | :--- | :--- | :--- | | Derivative Financial Assets | 7,055,496 | 4,537,767 | -35.68 | | Trading Financial Assets | 488,547,464 | 566,728,751 | 16.00 | | Other Debt Investments | 446,891,438 | 683,643,937 | 52.98 | | Other Equity Instrument Investments | 450,692 | 812,452 | 80.27 | | Loans and Advances to Customers | 153,586,927 | 157,417,479 | 2.49 | | Total Assets Measured at Fair Value | 1,096,532,017 | 1,413,140,386 | 28.87 | | Derivative Financial Liabilities | 6,994,845 | 5,302,151 | -24.20 | | Trading Financial Liabilities | 3,980,437 | 8,249,743 | 107.26 | | Total Liabilities Measured at Fair Value | 10,975,282 | 13,551,894 | 23.48 | VI. Capital Structure at the End of the Reporting Period Jiangsu Bank Group's total capital net amount was 372.17 billion yuan, with core Tier 1 capital at 255.51 billion yuan, all capital adequacy ratios meeting regulatory requirements Capital Structure at the End of the Reporting Period (thousand yuan) | Item | Group | The Bank | | :--- | :--- | :--- | | 1. Total Capital Net Amount | 372,168,806 | 344,304,107 | | 1.3 Core Tier 1 Capital Net Amount | 255,507,004 | 232,134,654 | | 1.4 Other Tier 1 Capital | 80,799,723 | 79,977,830 | | 1.6 Tier 1 Capital Net Amount | 336,306,727 | 312,112,484 | | 1.7 Tier 2 Capital | 35,862,079 | 32,191,623 | | 5. Total Risk-Weighted Assets | 3,010,545,261 | 2,825,189,040 | | 6. Core Tier 1 Capital Adequacy Ratio (%) | 8.49 | 8.22 | | 7. Tier 1 Capital Adequacy Ratio (%) | 11.17 | 11.05 | | 8. Capital Adequacy Ratio (%) | 12.36 | 12.19 | VII. Leverage Ratio Jiangsu Bank Group's leverage ratio was 6.32%, and the Bank's was 6.12% at the end of the reporting period, both showing a decrease from the previous year-end Leverage Ratio (%) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Group | 6.32 | 6.92 | | The Bank | 6.12 | 6.71 | VIII. Liquidity Coverage Ratio Jiangsu Bank Group's liquidity coverage ratio was 254.95%, and the Bank's was 266.03%, both significantly exceeding regulatory requirements, indicating strong short-term liquidity Liquidity Coverage Ratio (%) | Item | June 30, 2025 | | :--- | :--- | | Group Liquidity Coverage Ratio | 254.95 | | Group High-Quality Liquid Assets | 572,453,055 | | Group Net Cash Outflow Over 30 Days (Period-End Value) | 224,536,417 | | The Bank Liquidity Coverage Ratio | 266.03 | | The Bank High-Quality Liquid Assets | 568,000,954 | | The Bank Net Cash Outflow Over 30 Days (Period-End Value) | 213,512,573 | IX. Net Stable Funding Ratio Jiangsu Bank Group's net stable funding ratio was 109.28% at the end of the reporting period, meeting regulatory requirements and improving from March 2025, indicating enhanced long-term funding stability Net Stable Funding Ratio (%) | Item | June 30, 2025 | March 31, 2025 | | :--- | :--- | :--- | | Group Net Stable Funding Ratio | 109.28 | 105.20 | | Group Available Stable Funding (thousand yuan) | 2,642,536,183 | 2,448,307,531 | | Group Required Stable Funding (thousand yuan) | 2,418,182,803 | 2,327,300,514 | X. Average Yield on Interest-Earning Assets and Average Cost of Interest-Bearing Liabilities Jiangsu Bank Group's net interest margin and net interest spread were both 1.78% for the reporting period, with loans and advances having the highest average yield among interest-earning assets Average Yield on Interest-Earning Assets and Average Cost of Interest-Bearing Liabilities for H1 2025 | Item | Average Balance (thousand yuan) | Interest Income/Expense (thousand yuan) | Average Interest Rate (%) | | :--- | :--- | :--- | :--- | | Assets | | | | | Loans and Advances to Customers | 2,250,365,625 | 49,703,061 | 4.45 | | Financial Investments | 1,181,216,322 | 16,284,020 | 2.78 | | Deposits with Central Bank | 159,386,005 | 1,101,824 | 1.39 | | Other Interest-Earning Assets | 255,642,522 | 2,834,745 | 2.24 | | Total Interest-Earning Assets | 3,846,610,474 | 69,923,650 | 3.67 | | Liabilities | | | | | Customer Deposits | 2,363,463,370 | 20,910,391 | 1.78 | | Debt Securities Issued | 729,372,753 | 7,358,623 | 2.03 | | Borrowings from Central Bank | 152,628,311 | 1,539,166 | 2.03 | | Other Interest-Bearing Liabilities | 711,080,430 | 7,176,133 | 2.04 | | Total Interest-Bearing Liabilities | 3,956,544,865 | 36,984,313 | 1.89 | | Net Interest Income | | 32,939,337 | | | Net Interest Spread | | | 1.78 | | Net Interest Margin | | | 1.78 | XI. Changes in Shareholders' Equity Jiangsu Bank's total shareholders' equity increased by 8.48% to 340.27 billion yuan, driven by significant growth in other equity instruments, surplus reserves, and undistributed profits, reflecting enhanced profitability Changes in Shareholders' Equity (thousand yuan) | Item | December 31, 2024 | Current Period Change | June 30, 2025 | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Share Capital | 18,351,324 | 0 | 18,351,324 | 0.00 | | Other Equity Instruments | 69,974,758 | 10,003,072 | 79,977,830 | 14.30 | | Capital Reserve | 47,903,762 | -6,570 | 47,897,192 | -0.01 | | Other Comprehensive Income | 9,283,147 | 824,950 | 10,108,097 | 8.89 | | Surplus Reserve | 36,539,066 | 5,913,942 | 42,453,008 | 16.19 | | General Risk Reserve | 54,807,539 | 167,247 | 54,974,786 | 0.31 | | Retained Earnings | 66,730,221 | 8,962,746 | 75,692,967 | 13.43 | | Total Equity Attributable to Parent Company Owners | 303,589,817 | 25,865,387 | 329,455,204 | 8.52 | | Minority Interests | 10,068,401 | 744,371 | 10,812,772 | 7.39 | | Total Shareholders' Equity | 313,658,218 | 26,609,758 | 340,267,976 | 8.48 | Section III Management Discussion and Analysis Jiangsu Bank maintained a "seek progress while ensuring stability, seek change while ensuring stability" approach, achieving significant asset and deposit growth, with robust revenue and net profit increases and stable asset quality I. Overview of Operations During the Reporting Period Jiangsu Bank's assets grew 21.16% to 4.79 trillion yuan, with deposits up 20.22% and loans up 15.98%, while revenue increased 7.78% and net profit 8.05%, maintaining stable asset quality - At the end of the reporting period, the Group's total assets reached 4.79 trillion yuan, an increase of 21.16% from the end of the previous year[41] - Total deposits amounted to 2.54 trillion yuan, an increase of 20.22% from the end of the previous year; total loans amounted to 2.43 trillion yuan, an increase of 15.98% from the end of the previous year[41] - Operating income reached 44.86 billion yuan, a year-on-year increase of 7.78%; net profit attributable to shareholders of the listed company reached 20.24 billion yuan, a year-on-year increase of 8.05%[41] - The non-performing loan ratio was 0.84%, and the provision coverage ratio was 331.02%[41] II. Analysis of Core Competencies Jiangsu Bank's core competencies include its strategic regional advantage, efficient operational mechanisms, clear market positioning, advanced financial technology, robust risk control, and a skilled talent pool - The main business is concentrated in Jiangsu, an economically developed region with abundant financial resources, and radiates to the Yangtze River Delta, Pearl River Delta, and Bohai Rim economic circles, possessing unique regional advantages[42] - Established flexible and efficient institutional mechanisms, continuously improving collaborative service capabilities, and building three comparative advantages: "high efficiency," "strong collaboration," and "excellent service"[43] - Clear market positioning, adhering to "serving small and medium-sized enterprises, serving the local economy, and serving urban and rural residents," focusing on developing distinctive businesses in inclusive finance, technology finance, green finance, and cross-border finance[43] - Intensive development and accelerated leaps in financial technology, deeply promoting digital transformation, and continuously building a smart financial ecosystem[43] - Sound internal control mechanisms, perfect risk control system, precise and effective comprehensive risk management, continuously improving the "2+5+N" risk control management system[44] - Steadily implementing the talent-strengthening strategy, with a growing team of high-quality and professional talents[44] III. Revenue and Cost Analysis Jiangsu Bank's operating income grew 7.78%, driven by increased net interest income and net fee and commission income, while business and administrative expenses rose 6.73%, maintaining a cost-to-income ratio of 22.21% Major Profit Statement Items (thousand yuan) | Item | Jan-Jun 2025 | Jan-Jun 2024 | Change in Amount | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | :--- | | I. Operating Income | 44,864,292 | 41,624,957 | 3,239,335 | 7.78 | | Of which: Net Interest Income | 32,939,337 | 27,656,354 | 5,282,983 | 19.10 | | Net Fee and Commission Income | 3,185,851 | 3,029,873 | 155,978 | 5.15 | | II. Operating Expenses | 21,373,996 | 17,167,523 | 4,206,473 | 24.50 | | Of which: Business and Administrative Expenses | 9,965,727 | 9,337,404 | 628,323 | 6.73 | | III. Operating Profit | 23,490,296 | 24,457,434 | -967,138 | -3.95 | | IV. Total Profit | 23,443,231 | 24,455,197 | -1,011,966 | -4.14 | | V. Net Profit | 21,059,571 | 19,411,075 | 1,648,496 | 8.49 | | Of which: Net Profit Attributable to Parent Company Shareholders | 20,238,459 | 18,730,854 | 1,507,605 | 8.05 | Net Interest Income Composition (thousand yuan) | Item | Jan-Jun 2025 Amount | Jan-Jun 2025 Share (%) | Jan-Jun 2024 Amount | Jan-Jun 2024 Share (%) | | :--- | :--- | :--- | :--- | :--- | | Interest Income | | | | | | Loans and Advances to Customers | 49,703,061 | 71.08 | 49,428,959 | 75.10 | | Debt Instrument Investments | 16,284,020 | 23.29 | 12,953,656 | 19.68 | | Total Interest Income | 69,923,650 | 100.00 | 65,821,621 | 100.00 | | Interest Expense | | | | | | Customer Deposits | 20,910,391 | 56.54 | 22,340,124 | 58.54 | | Debt Securities Issued | 7,358,623 | 19.90 | 5,588,013 | 14.64 | | Total Interest Expense | 36,984,313 | 100.00 | 38,165,267 | 100.00 | | Net Interest Income | 32,939,337 | | 27,656,354 | | Net Fee and Commission Income Composition (thousand yuan) | Item | Jan-Jun 2025 | Jan-Jun 2024 | | :--- | :--- | :--- | | Fee and Commission Income | | | | Agency Fee Income | 1,658,852 | 1,860,086 | | Credit Commitment Fee and Commission Income | 1,007,519 | 844,905 | | Custody and Other Fiduciary Business Commission Income | 425,710 | 380,004 | | Total Fee and Commission Income | 3,786,458 | 3,711,428 | | Fee and Commission Expense | | | | Settlement and Clearing Fee Expense | 219,340 | 385,130 | | Bank Card Fee Expense | 118,408 | 102,608 | | Total Fee and Commission Expense | 600,607 | 681,555 | | Net Fee and Commission Income | 3,185,851 | 3,029,873 | Business and Administrative Expenses Composition (thousand yuan) | Item | Jan-Jun 2025 | Jan-Jun 2024 | | :--- | :--- | :--- | | Staff Costs | 5,152,411 | 5,398,592 | | Business Expenses | 4,130,062 | 3,266,867 | | Depreciation and Amortization | 683,254 | 671,945 | | Total | 9,965,727 | 9,337,404 | IV. Asset and Liability Analysis Jiangsu Bank Group's total assets grew 21.16% to 4.79 trillion yuan, and total liabilities increased 22.26% to 4.45 trillion yuan, reflecting a comprehensive expansion across both asset and liability segments Major Balance Sheet Items (thousand yuan) | Item | June 30, 2025 | December 31, 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Deposits with Central Bank | 196,058,769 | 142,274,712 | 37.80 | | Interbank Assets | 283,861,368 | 199,976,475 | 41.95 | | Derivative and Financial Investments | 1,887,836,563 | 1,533,525,895 | 23.10 | | Loans and Advances to Customers | 2,372,632,630 | 2,038,660,849 | 16.38 | | Total Assets | 4,788,480,221 | 3,952,041,570 | 21.16 | | Borrowings from Central Bank | 170,340,561 | 138,274,242 | 23.19 | | Interbank Liabilities | 786,997,198 | 594,950,620 | 32.28 | | Customer Deposits | 2,589,723,023 | 2,160,655,100 | 19.86 | | Debt Securities Issued | 785,303,105 | 643,079,716 | 22.12 | | Total Liabilities | 4,448,212,245 | 3,638,383,352 | 22.26 | (II) Key Asset Items Loans and advances increased by 16.38% to 2.37 trillion yuan, with significant growth in corporate loans, while financial investments also saw substantial increases across various categories Loans and Advances to Customers by Nature (thousand yuan) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Measured at Amortized Cost | | | | Corporate Loans and Advances | 1,577,015,313 | 1,266,462,962 | | Personal Loans and Advances | 695,527,436 | 674,804,125 | | Bill Discounting | 49,926 | 348,690 | | Subtotal | 2,272,592,675 | 1,941,615,777 | | Measured at Fair Value Through Other Comprehensive Income | | | | Corporate Loans and Advances | 48,004,370 | 51,456,536 | | Bill Discounting | 109,413,109 | 102,130,391 | | Subtotal | 157,417,479 | 153,586,927 | | Total Loans | 2,430,010,154 | 2,095,202,704 | | Less: Impairment Provisions | 65,876,467 | 64,851,472 | | Carrying Value | 2,372,632,630 | 2,038,660,849 | Loans and Advances to Customers by Industry (thousand yuan) | Industry Distribution | June 30, 2025 Amount | June 30, 2025 Share (%) | December 31, 2024 Amount | December 31, 2024 Share (%) | | :--- | :--- | :--- | :--- | :--- | | Leasing and Business Services | 445,527,666 | 18.33 | 333,504,216 | 15.92 | | Manufacturing | 360,607,871 | 14.84 | 303,293,709 | 14.48 | | Water Conservancy, Environment and Public Facilities Management | 195,942,088 | 8.06 | 160,418,906 | 7.66 | | Real Estate | 67,987,215 | 2.80 | 71,545,224 | 3.41 | | Subtotal Corporate Loans and Advances | 1,625,019,683 | 66.88 | 1,317,919,498 | 62.90 | | Personal Loans and Advances | 695,527,436 | 28.62 | 674,804,125 | 32.21 | | Bill Discounting | 109,463,035 | 4.50 | 102,479,081 | 4.89 | | Total Loans | 2,430,010,154 | 100.00 | 2,095,202,704 | 100.00 | Loans and Advances to Customers by Region (thousand yuan) | Region | June 30, 2025 Amount | June 30, 2025 Share (%) | December 31, 2024 Amount | December 31, 2024 Share (%) | | :--- | :--- | :--- | :--- | :--- | | Jiangsu Region | 2,042,712,772 | 84.06 | 1,804,701,850 | 86.13 | | Yangtze River Delta Region (Excluding Jiangsu) | 198,413,550 | 8.17 | 142,934,149 | 6.82 | | Guangdong-Hong Kong-Macao Greater Bay Area | 97,276,511 | 4.00 | 73,415,193 | 3.50 | | Beijing-Tianjin-Hebei Region | 91,607,321 | 3.77 | 74,151,512 | 3.55 | | Total Loans | 2,430,010,154 | 100.00 | 2,095,202,704 | 100.00 | Loans and Advances to Customers by Guarantee Method (thousand yuan) | Item | June 30, 2025 Amount | June 30, 2025 Share (%) | December 31, 2024 Amount | December 31, 2024 Share (%) | | :--- | :--- | :--- | :--- | :--- | | Unsecured Loans | 882,091,328 | 36.30 | 759,879,950 | 36.27 | | Guaranteed Loans | 1,046,588,967 | 43.07 | 852,716,088 | 40.70 | | Collateralized Loans | 501,329,859 | 20.63 | 482,606,666 | 23.03 | | Of which: Mortgage Loans | 417,498,742 | 17.18 | 414,221,416 | 19.77 | | Pledged Loans | 83,831,117 | 3.45 | 68,385,250 | 3.26 | | Total Loans | 2,430,010,154 | 100.00 | 2,095,202,704 | 100.00 | Top Ten Loan Customers of the Bank (thousand yuan) | No. | Loan Balance | Share of Total Loans (%) | Share of Net Capital (%) | | :--- | :--- | :--- | :--- | | 1 | 5,700,554 | 0.23 | 1.53 | | 2 | 4,449,000 | 0.18 | 1.20 | | 3 | 4,262,661 | 0.18 | 1.15 | | 4 | 3,710,328 | 0.15 | 1.00 | | 5 | 3,672,000 | 0.15 | 0.99 | | 6 | 3,193,750 | 0.13 | 0.86 | | 7 | 3,153,640 | 0.13 | 0.85 | | 8 | 2,620,495 | 0.11 | 0.70 | | 9 | 2,564,000 | 0.11 | 0.69 | | 10 | 2,502,710 | 0.10 | 0.67 | | Total | 35,829,138 | 1.47 | 9.64 | Financial Assets Held Under Resale Agreements (thousand yuan) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Securities Subtotal | 50,705,581 | 16,096,388 | | Accrued Interest | 8,191 | 2,943 | | Less: Impairment Provisions | 23,376 | 1,190 | | Total | 50,690,396 | 16,098,141 | Trading Financial Assets (thousand yuan) | Item | June 30, 2025 | | :--- | :--- | | Bond Investments Subtotal | 82,679,773 | | Investment Funds | 421,396,852 | | Asset-Backed Securities | 18,650,114 | | Wealth Management Product Investments | 4,673,708 | | Asset Management Plans and Trust Plan Investments | 1,070,782 | | Equity Investments | 1,985,283 | | Other Investments | 36,272,239 | | Total | 566,728,751 | Debt Investments (thousand yuan) | Item | June 30, 2025 | | :--- | :--- | | Bond Investments Subtotal | 594,555,549 | | Asset Management Plans and Trust Plan Investments | 17,638,922 | | Asset-Backed Securities | 5,308,300 | | Other Investments | 14,572,720 | | Total | 632,075,491 | | Accrued Interest | 6,684,247 | | Less: Impairment Provisions | 6,646,082 | | Carrying Value | 632,113,656 | Other Debt Investments (thousand yuan) | Item | June 30, 2025 | | :--- | :--- | | Bond Investments Subtotal | 599,743,303 | | Asset-Backed Securities | 14,768,558 | | Other Investments | 63,414,846 | | Total | 677,926,707 | | Accrued Interest | 5,717,230 | | Carrying Value | 683,643,937 | (III) Key Liability Items Deposits increased by 19.86% to 2.59 trillion yuan, with growth in both corporate and individual deposits, while interbank and other financial institution deposits also saw a significant rise Customer Deposits Composition (thousand yuan) | Item | June 30, 2025 Amount | June 30, 2025 Share (%) | December 31, 2024 Amount | December 31, 2024 Share (%) | | :--- | :--- | :--- | :--- | :--- | | Corporate Deposits Subtotal | 1,419,699,881 | 55.82 | 1,161,766,394 | 54.91 | | Personal Deposits Subtotal | 948,434,008 | 37.29 | 822,937,845 | 38.90 | | Other Deposits Subtotal | 175,635,080 | 6.89 | 131,146,862 | 6.19 | | Total Deposits | 2,543,768,969 | 100.00 | 2,115,851,101 | 100.00 | | Accrued Interest | 45,954,054 | | 44,803,999 | | | Customer Deposits | 2,589,723,023 | | 2,160,655,100 | | Deposits from Interbank and Other Financial Institutions (thousand yuan) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | China Domestic Subtotal | 459,542,837 | 318,963,922 | | China Overseas Subtotal | - | 1,880 | | Accrued Interest | 2,053,954 | 1,217,499 | | Total | 461,596,791 | 320,183,301 | V. Loan Quality Analysis Jiangsu Bank maintained stable loan quality with a non-performing loan ratio of 0.84%, a 0.05 percentage point decrease from the previous year-end, and effective risk control measures in place Loan Five-Category Classification (thousand yuan) | Five-Category Classification | Amount | Share (%) | Compared to Prior Year-End | | :--- | :--- | :--- | :--- | | Pass Loans | 2,379,481,368 | 97.92 | Increased by 0.21 percentage points | | Special Mention Loans | 30,210,393 | 1.24 | Decreased by 0.16 percentage points | | Substandard Loans | 9,425,829 | 0.39 | Decreased by 0.02 percentage points | | Doubtful Loans | 4,036,502 | 0.17 | Decreased by 0.02 percentage points | | Loss Loans | 6,856,062 | 0.28 | Decreased by 0.01 percentage points | | Total | 2,430,010,154 | 100.00 | | Migration Rate Data (%) | Item | June 2025 | 2024 | 2023 | 2022 | | :--- | :--- | :--- | :--- | :--- | | Pass Loan Migration Rate | 1.24 | 2.36 | 2.13 | 1.54 | | Special Mention Loan Migration Rate | 20.26 | 21.75 | 27.03 | 24.18 | | Substandard Loan Migration Rate | 56.05 | 65.56 | 39.37 | 45.72 | | Doubtful Loan Migration Rate | 31.98 | 67.34 | 82.86 | 43.64 | Loan Asset Quality by Industry (Non-Performing Loan Ratio, %) | Classification | Non-Performing Loan Ratio (%) | Change from Prior Year-End (percentage points) | | :--- | :--- | :--- | | Manufacturing | 1.09 | 0.07 | | Wholesale and Retail Trade | 1.56 | -0.81 | | Real Estate | 3.95 | 1.75 | | Personal Business Loans | 1.67 | -0.37 | | Personal Loans | 0.87 | -0.01 | | Total | 0.84 | -0.05 | Restructured Loans and Overdue Loans (thousand yuan) | Classification | Beginning Balance | Ending Balance | Share (%) | | :--- | :--- | :--- | :--- | | Restructured Loans | 1,789,467 | 2,364,954 | 0.10 | | Overdue Loans | 23,552,193 | 26,641,413 | 1.10 | - At the end of the reporting period, the ratio of overdue loans over 90 days to non-performing loans was 78.68%; the ratio of overdue loans over 60 days to non-performing loans was 95.04%[96] - The Bank adheres to a multi-pronged approach, continuously strengthening efforts to recover and dispose of non-performing loans, including enhancing collection process management, collaborating with asset management companies, strictly defining write-offs, increasing recovery efforts for written-off loans, and strengthening credit "three checks" to control new non-performing loans[98] VI. Key Business Operations Jiangsu Bank achieved significant progress across corporate, retail, financial market, and fintech segments, with strong growth in green finance, wealth management, and digital transformation, alongside robust subsidiary performance 1. Corporate Business Corporate deposits and loans grew by 22.20% and 23.30% respectively, with green financing exceeding 720 billion yuan, and strong performance in inclusive finance, cross-border, and investment banking - At the end of the reporting period, corporate deposit balance was 1,419.7 billion yuan, a 22.20% increase from the end of the previous year; corporate loan balance was 1,625 billion yuan (excluding discounting), a 23.30% increase from the end of the previous year[103] - Manufacturing loan balance was 360.6 billion yuan, a 18.90% increase from the end of the previous year; infrastructure loan balance was 691.2 billion yuan, a 31% increase from the end of the previous year[104] - The Group's green financing scale exceeded 720 billion yuan, a 32.1% increase from the end of the previous year, with green assets accounting for over 16.4%[105] - Supply chain business financing scale exceeded 380 billion yuan[106] - Inclusive small and micro enterprise loan balance was 235.8 billion yuan, with a new increase of 25.3 billion yuan from the end of the previous year[107] - Cross-border RMB business volume increased by over 40% year-on-year, and overseas loan balance increased by over 50% year-on-year[109] - Debt financing instrument underwriting scale exceeded 150 billion yuan, ranking tenth in the overall market and first among city commercial banks[109] - Online finance newly expanded 3,788 merchants, with new transaction volume of 4.75 billion yuan, a 446.6% increase from the same period last year[110] 2. Retail Business Retail deposits grew 15.25% to 948.4 billion yuan, with AUM reaching a record high of over 1.59 trillion yuan, driven by wealth management, pension finance, and consumer lending, while the App's monthly active users exceeded 7.5 million - At the end of the reporting period, retail deposit balance was 948.4 billion yuan, a 15.25% increase from the end of the previous year[111] - Retail AUM exceeded 1.59 trillion yuan, with a half-year increase of over 160 billion yuan, reaching a new historical high[112] - Served over 110,000 wealth management clients, with a year-on-year increase of over 20% in wealth management clients who are directors, supervisors, or senior executives[112] - Accumulated personal pension accounts opened exceeded 1.2 million[113] - The number of new self-operated consumer loan customers was 1.88 times that of the same period last year, and the balance of green consumer loans increased by 36% year-on-year[114] - Jiangsu Bank App customer base exceeded 21 million, with monthly active users surpassing 7.5 million, continuously ranking first among city commercial banks[115] 3. Financial Market Business Financial investment assets grew 23.38% to 1.88 trillion yuan, with leading positions in interbank bond underwriting, bill brokerage, and CFETS interbank deposits, and custody assets exceeding 5.06 trillion yuan - At the end of the reporting period, financial investment assets amounted to 1,883.3 billion yuan, a 23.38% increase from the end of the previous year[117] - In the second quarter, a total of 65 billion yuan in various financial bonds were issued[117] - The Bank's underwriting scale for financial bonds and credit ABS maintained the No. 1 position among city commercial banks, bill brokerage business ranked No. 2 in the overall market, and CFETS interbank deposits ranked No. 8 in the overall market[118] - At the end of the reporting period, custody asset balance reached 5.06 trillion yuan, a 7.32% increase from the end of the previous year, making it the first city commercial bank to exceed 5 trillion yuan in custody scale[119] - In the first half of 2025, custody green intermediate business income reached 424 million yuan, ranking No. 1 among city commercial banks[119][120] 4. Financial Technology Financial technology initiatives accelerated digital finance development through centralized management, agile collaboration, and AI applications, enhancing operational efficiency and building core capabilities for online business and security - Over 100 projects were implemented, such as improving the efficiency of the entire credit approval process, effectively enhancing operational management quality and digital service levels[121] - Nearly 60 intelligent scenarios were implemented, including "operating morning reports" and "smart contract quality inspection," contributing to improved quality and efficiency in business operations and risk control[121] - Digital RMB transaction volume reached 37.77 billion yuan[121] - Accelerated the construction of the "Neighbor Star" collaborative service ecosystem, promoting the implementation of digital operation results and reducing the burden on grassroots account managers[122][123] - Steadily advanced the construction of a new generation core system, accelerating the establishment of a data foundation for online lending business to support rapid development of online services[123] 5. Subsidiaries Jiangsu Bank's subsidiaries, including Suyin Financial Leasing, Suyin Wealth Management, and Suyin KGI Consumer Finance, achieved stable growth, with Suyin Wealth Management consistently ranking first among city commercial bank wealth management institutions Major Subsidiary Information (thousand yuan) | Company Name | Company Type | Registered Capital | Total Assets | Net Assets | Operating Income | Operating Profit | Net Profit | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Suyin Financial Leasing | Subsidiary | 6,000,000 | 142,754,311 | 17,110,532 | 2,421,093 | 1,877,639 | 1,350,880 | | Suyin Wealth Management | Subsidiary | 2,000,000 | 6,192,944 | 5,310,969 | 754,018 | 565,602 | 430,776 | | Suyin KGI Consumer Finance | Subsidiary | 4,200,000 | 63,037,226 | 5,673,524 | 2,744,164 | 506,367 | 379,697 | - Suyin Financial Leasing Company's manufacturing investment reached 11.81 billion yuan, a year-on-year increase of 36.38%, with green leasing balance of 63.25 billion yuan, accounting for 53.6%[125] - Suyin Wealth Management managed wealth management products totaling 745.38 billion yuan, ranking first among city commercial bank wealth management institutions for 38 consecutive quarters in the Puyi Standard comprehensive wealth management capability ranking[127] - Suyin KGI Consumer Finance's total assets reached 63.04 billion yuan, and it has been rated AAA for domestic long-term credit for two consecutive years[128] VII. Comprehensive Risk Management Jiangsu Bank maintains a robust comprehensive risk management system, effectively identifying, measuring, monitoring, and controlling credit, liquidity, market, and operational risks through various strategies and regular assessments - The Group has established a credit risk management organizational structure, policies, and processes, ensuring stable asset quality through optimizing credit policies, strengthening risk prevention and control in key areas, enhancing smart risk control applications, conducting rolling inspections, performing risk retrospectives, strengthening non-performing loan recovery, and reinforcing accountability[130] - The Group adheres to a prudent and cautious liquidity risk management strategy, establishing a complete liquidity risk management governance structure, formulating scientific management methods, and conducting quarterly liquidity risk stress tests, with results consistently showing controllable risk levels[132] - The Group actively implements new market risk regulations, establishing a market risk monitoring platform, and conducting risk identification, measurement, monitoring, and control through gap analysis, exposure analysis, sensitivity analysis, scenario analysis, and stress testing, ensuring stable and controllable market risk[133][134] - The Group continuously enhances operational risk control capabilities through improving rules and regulations, promoting system and process optimization, strengthening risk identification and rectification tracking, enhancing employee training, and strictly managing violations, ensuring overall controllable operational risk[135] - Information technology risk management focuses on cybersecurity, information security, IT outsourcing, and business continuity, with overall controllable risk and no major technology risk loss incidents occurring[136][137] - Reputation risk management improves institutional mechanisms, strengthens full-process management, conducts public opinion monitoring, and enhances emergency response, with overall stable reputation risk status[138] - Country risk management continuously improves its identification, measurement, monitoring, and control system, strengthening monitoring and limit management, with overall controllable country risk[139][140] VIII. Institutional Overview Jiangsu Bank operates 546 institutions, including its head office, 18 first-tier branches, and 526 sub-branches, with significant equity investments in its financial leasing, wealth management, and consumer finance subsidiaries Number of Institutions and Regional Distribution | No. | Institution | Number of Institutions | Number of Staff | Asset Scale (thousand yuan) | | :--- | :--- | :--- | :--- | :--- | | 1 | Head Office | 1 | 1850 | 928,049,585 | | 2 | Suzhou Branch | 48 | 1214 | 225,632,354 | | 3 | Wuxi Branch | 107 | 2214 | 371,740,331 | | ... | ... | ... | ... | ... | | 20 | Capital Operations Center | 1 | 83 | 1,052,088,819 | | Total | 546 | 17,060 | 4,572,213,208 | External Equity Investments | Company Name | Equity Investment Balance (100 million yuan) | Shareholding Ratio | | :--- | :--- | :--- | | Suyin Financial Leasing Co., Ltd. | 24.6 | 51.25% | | Suyin Wealth Management Co., Ltd. | 20 | 100% | | Suyin KGI Consumer Finance Co., Ltd. | 23.71 | 56.44% | | Total | 68.31 | | - During the reporting period, the Bank acquired Jiangsu Danyang Suyin Village Bank Co., Ltd. and established branches, which had no significant impact on overall production, operations, and performance[146][147] Section IV Corporate Governance, Environment, and Society Jiangsu Bank demonstrates strong corporate governance, actively integrates ESG principles into its operations, and is committed to environmental protection and social responsibility, ensuring sustainable development I. Overview of Shareholders' Meetings Jiangsu Bank held 2 shareholders' meetings during the reporting period, approving 13 proposals including financial bond issuance, supervisor elections, and profit distribution Shareholders' Meeting Convening Status | Session | Date Held | Query Index for Resolution Publication on Designated Website | Disclosure Date of Resolution Publication | | :--- | :--- | :--- | :--- | | 2025 First Extraordinary General Meeting | January 15, 2025 | www.sse.com.cn | January 16, 2025 | | 2024 Annual General Meeting | May 23, 2025 | www.sse.com.cn | May 24, 2025 | - During the reporting period, the board of directors convened 2 shareholders' meetings, approving a total of 13 proposals, including the issuance of financial bonds, election of supervisors, work reports of the board and supervisory board, financial budgets and final accounts, profit distribution, estimated daily related party transaction limits, and reappointment of accounting firms[158] II. Changes in Directors, Supervisors, and Senior Management During the reporting period, Jiangsu Bank saw changes in its board, supervisory board, and senior management, with new appointments for shareholder supervisor, vice president, and chief auditor, and one vice president's departure Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Change Type | | :--- | :--- | :--- | | Song Yunyun | Shareholder Supervisor | Appointment | | Yang Dawei | Vice President | Appointment | | Shi Wenqi | Chief Auditor | Appointment | | Zhou Aiguo | Vice President | Departure | - The qualifications of Yang Dawei and Shi Wenqi have been approved by the Jiangsu Financial Regulatory Bureau[160] III. Profit Distribution or Capital Reserve Conversion Plan Jiangsu Bank distributed 5.619 billion yuan in interim cash dividends and 3.935 billion yuan in annual cash dividends for 2024, with the board authorized to determine the 2025 interim profit distribution - The Bank has distributed the 2024 interim cash dividend to common shareholders registered at the close of trading on January 9, 2025, at 0.3062 yuan per share (including tax), totaling 5.619 billion yuan[161] - The Bank has distributed the 2024 annual cash dividend to common shareholders registered at the close of trading on July 9, 2025, at 0.2144 yuan per share (including tax), totaling 3.935 billion yuan[161] - The 2024 Annual General Meeting of Shareholders approved the "Proposal on Authorizing the Board of Directors of Jiangsu Bank Co., Ltd. to Decide the 2025 Interim Profit Distribution Plan," with the specific plan to be determined by the board based on profitability, cash flow, and medium-to-long-term development plans[161] IV. Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures and Their Impact Jiangsu Bank currently has no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place - The Bank has no equity incentive plans, employee stock ownership plans, or other employee incentive measures[161] V. Information Disclosure and Investor Relations Jiangsu Bank prioritizes information disclosure and investor relations, publishing 51 announcements and engaging with over 300 investors through various channels, while maintaining a stable dividend policy - During the reporting period, the Bank disclosed a total of 51 various announcements and online documents, ensuring that information is true, accurate, complete, and timely[162] - The Bank held 1 performance briefing for regular reports and organized 37 roadshow exchanges, involving over 300 investors[166] - Engaged in over 400 interactions with various investors through on-site exchanges at shareholders' meetings, Q&A responses on SSE e-interaction, investor hotlines, and email communications[166][167] - The Bank's total cash dividend for 2024 was 9.554 billion yuan (including interim distribution), accounting for 30% of the net profit attributable to the parent company in 2024[173] - Since its listing in 2016, the Bank's dividend policy has been generally stable, consistently maintaining a cash dividend ratio of 30% of net profit attributable to the parent company in recent years, with cumulative common stock cash dividends distributed totaling nearly 50 billion yuan[173] VI. Environmental Information Jiangsu Bank invested 29.43 million yuan in environmental protection, reducing CO2 emissions by 6.46 million tons, and implemented a three-tier green finance governance structure, with no environmental violations reported Semi-Annual Environmental Overview | Indicator | Information | | :--- | :--- | | Establishment of Environmental Protection Mechanisms | Yes | | Environmental Protection Investment During Reporting Period (10,000 yuan) | 2,942.87 | | Carbon Reduction Measures Taken | Yes | | CO2 Equivalent Emission Reduction (tons) | 6,458,296.62 | | Type of Carbon Reduction Measures | Focusing on clean energy, energy conservation and environmental protection, carbon reduction technologies, etc., increasing capital investment to help enterprises achieve energy conservation and emission reduction goals. | - The Bank's green finance operation and management follow a three-tier governance structure: "Board of Directors - Senior Management - Executive Level," with the Board establishing a Strategy and ESG Committee, senior management forming a "Five Key Initiatives" Working Leadership Group, and the executive level establishing a Green Finance Department[178] - During the reporting period, the Bank issued the "2025 Green Finance Group-wide Special Assessment Plan," formulated marketing guidelines for segmented industries such as energy storage and new power systems, revised the "Jiangsu Bank Credit Investment Guidelines (2025 Edition)," and released the "Notice on Carrying out Tiered Cultivation of Green Branches"[179][180] - Implemented Jiangsu Province's first steel, papermaking, and chemical industry transition finance loans; issued the nation's first "Green Manufacturing" themed green financial bond; promoted green low-carbon credit cards, new energy vehicle consumer loans, etc[181] - Officially issued the "Jiangsu Bank Environmental, Social, and Governance Risk Management Policy," systematically conducting climate risk stress tests covering physical and transition risks[182][183] - Developed and launched a new version of the green financing intelligent identification model to improve identification accuracy; enriched the ESG risk database to continuously track the ESG performance of credit customers; built a carbon accounting model covering all 15 categories of Scope 3 emissions[184] - Actively participated in 14 research projects by the People's Bank of China, the Green Finance Professional Committee of the China Society for Finance and Banking, etc., participated in formulating 5 standards, and won multiple awards[185] - In the first half of the year, electricity consumption decreased by 1.0253 million kWh compared to the same period last year, and 39,600 kWh of solar photovoltaic power was utilized[187] - During the reporting period, the Bank had no environmental violations[189] VII. Fulfillment of Social Responsibilities Jiangsu Bank actively integrates ESG into its operations, focusing on "Five Key Initiatives" to optimize financial services, with over 290 billion yuan in agricultural-related loans and robust consumer protection efforts - The Bank actively practices its original aspiration of serving the nation through finance and its mission of serving the people through finance, adhering to the social responsibility philosophy of "integrating goodness in heart, creating beauty in action," and proactively integrating ESG and sustainable development concepts into its operations and self-governance[190] - Disclosed social responsibility reports for 12 consecutive years and ESG reports for 4 consecutive years, receiving multiple honors such as "Most Socially Responsible Financial Institution Award" and "Best Inclusive Finance Achievement Award"[190] Investment in Poverty Alleviation and Rural Revitalization Projects | Project | Quantity/Content | | :--- | :--- | | Total Investment (100 million yuan) | At the end of the reporting period, the balance of agricultural-related loans exceeded 290 billion yuan, with a growth rate 4.7 percentage points higher than that of all loans. Loans to 12 key poverty-stricken counties in northern Jiangsu amounted to 82.5 billion yuan, with a growth rate 4 percentage points higher than that of all loans. | | Of which: Funds (100 million yuan) | Agricultural-related loan balance exceeded 290 billion yuan, with loans to 12 key poverty-stricken counties in northern Jiangsu amounting to 67.27 billion yuan. | | Material Equivalent (10,000 yuan) | Participated in the "Drip Water, Build Dreams" student aid and poverty alleviation project for 9 consecutive years, cumulatively donating 27.6 million yuan to assist 3,600 impoverished students. | | Number of Beneficiaries (persons) | The "Drip Water, Build Dreams" poverty alleviation and student aid project supported 3,600 impoverished students. | | Form of Assistance | Driving industrial development and increasing income for residents by issuing targeted poverty alleviation loans to individuals and entities; assisting impoverished students to complete their studies and improve their quality through education-based poverty alleviation. | - The Bank has improved its consumer protection system and mechanisms, forming a comprehensive consumer protection organizational structure covering the board of directors, senior management, responsible departments, and branches (subsidiaries)[194] - Strengthened financial consumer education, conducting 4,557 online and offline promotional activities in the first half of the year, with "3·15 Consumer Protection Publicity Week" and "June Financial Knowledge Miles" as the main themes, reaching 14.037 million consumers[195] - Focused on key areas, strengthened the root cause management of customer complaints, built a multi-channel collaborative governance system, improved the tiered and layered handling mechanism, and deepened closed-loop management of customer services[196] Section V Significant Matters Jiangsu Bank strictly fulfilled all commitments, had no non-operating fund occupation by related parties, no major litigation, and its semi-annual report was reviewed but not audited I. Fulfillment of Commitments Jiangsu Bank and its related parties strictly fulfilled all commitments during the reporting period, including share lock-up, resolution of horizontal competition, and measures to mitigate dilution of immediate returns Fulfillment of Commitments | Commitment Background | Commitment Type | Promisor | Commitment Content | Commitment Time and Duration | Has Fulfillment Period | Timely and Strictly Fulfilled | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Commitments related to initial public offering | Share Lock-up | Current and former directors, supervisors, senior management, shareholder Tang Jinsong | See Note 1 | August 2, 2016, until the end of their term and 6 months after the term expires | Yes | Yes | | Commitments related to initial public offering | Resolution of Horizontal Competition | Jiangsu Trust | See Note 2 | During the period Jiangsu Trust is the largest shareholder of Jiangsu Bank | Yes | Yes | | Commitments related to initial public offering | Other | Directors, Senior Management | See Note 3 | From November 29, 2016 | No | Yes | | Commitments related to refinancing | Other | Directors, Senior Management | See Note 4 | From February 2, 2018 | No | Yes | | Commitments related to refinancing | Other | Directors, Senior Management | See Note 5 | From July 9, 2020 | No | Yes | II. Non-Operating Fund Occupation by Controlling Shareholders and Other Related Parties During the Reporting Period Jiangsu Bank reported no non-operating fund occupation by controlling shareholders or other related parties during the reporting period - The Bank had no non-operating fund occupation by controlling shareholders or other related parties during the reporting period or from previous periods that continued into the reporting period[203] III. Guarantees Jiangsu Bank's guarantee business is a regular, regulator-approved operation with effective risk control measures, and no other significant guarantee matters required disclosure during the reporting period - Guarantee business is one of the Bank's regular banking businesses approved by relevant regulatory authorities[204] - The Bank attaches importance to the risk management of this business, strictly implements relevant operating procedures and approval processes, and effectively controls the risks of external guarantee business[204] - During the reporting period, the Bank had no other significant guarantee matters requiring disclosure, apart from financial guarantee businesses within its scope of operations[204] IV. Significant Contracts and Their Performance Jiangsu Bank has no significant contracts that are required to be disclosed but have not been - The Bank has no significant contracts that should be disclosed but have not been[205] V. Semi-Annual Report Audit Status Jiangsu Bank's semi-annual financial report was reviewed by Deloitte Touche Tohmatsu Certified Public Accountants (Special General Partnership) but was not audited - The Bank's semi-annual financial report has not been audited, but Deloitte Touche Tohmatsu Certified Public Accountants (Special General Partnership) has reviewed it[206] VI. Major Litigation and Arbitration Matters Jiangsu Bank had no major litigation or arbitration matters during the reporting period, and the five pending cases over 10 million yuan are not expected to significantly impact its financial position - During the reporting period, the Bank had no major litigation or arbitration matters[207] - At the end of the reporting period, among the Bank's pending lawsuits where it is the defendant, there were 5 cases with amounts exceeding 10 million yuan, totaling 232 million yuan[207] - The Bank believes that the final rulings and enforcement results of these matters will not have a significant impact on its financial position or operating results[207] VII. Explanation of the Integrity Status of the Company, its Controlling Shareholder, and Actual Controller During the Reporting Period Jiangsu Bank had no controlling shareholder or actual controller at the end of the reporting period - At the end of the reporting period, the Bank had no controlling shareholder or actual controller[208] VIII. Significant Related Party Transactions Jiangsu Bank's related party transactions were conducted under normal commercial terms, were fair and reasonable, and did not offer preferential treatment, aligning with the interests of the Bank and its shareholders - The Bank's related party transactions are conducted in accordance with relevant regulatory provisions, arise from normal operating activities, and are carried out under general commercial terms, being fair and reasonable[209] - There are no circumstances where related parties receive preferential treatment compared to other borrowers or counterparties, aligning with the overall interests of the Bank and its shareholders[209] - Details of the Bank's significant related party transactions during the reporting period are provided in the notes to the financial report[209] Section VI Share Changes and Shareholder Information Jiangsu Bank's total share capital and structure remained unchanged, with all shares being unrestricted, though one shareholder's shares were pledged and frozen