Financial Performance - Net interest income for the six months ended June 30, 2025, was RMB 11,050.6 million, an increase of 3.2% compared to RMB 10,704.2 million in the same period last year[8]. - Total operating income decreased by 3.1% to RMB 13,562.5 million from RMB 13,992.1 million year-on-year[8]. - Net profit attributable to shareholders for the period was RMB 2,033.6 million, a slight decrease of 0.8% from RMB 2,049.5 million in the previous year[8]. - Operating income was RMB 13.563 billion, while net profit was RMB 2.129 billion, reflecting a year-on-year increase of RMB 0.11 billion, or 0.5%[21]. - The company's net profit for the period was RMB 2.13 billion, a slight increase of RMB 10.6 million or 0.5% compared to the previous year[30]. - The company's operating income for the period was RMB 13.56 billion, a decrease of RMB 429.6 million or 3.1% compared to the previous year[30]. Asset and Liability Management - The bank's total assets increased by 3.1% to RMB 1,407,926.5 million compared to RMB 1,365,197.0 million at the end of the previous year[11]. - The bank's total liabilities increased by 3.3% to RMB 1,307,147.9 million from RMB 1,264,813.7 million at the end of the previous year[11]. - Total assets reached RMB 1,407.93 billion, an increase of RMB 42.73 billion, or 3.1% year-on-year[18]. - The total amount of loans and advances issued by the company as of June 30, 2025, was RMB 721.85 billion, an increase of RMB 2.20 billion, with a growth rate of 0.3%[61]. - The total amount of investment securities and other financial assets was RMB 433,779.0 million, a slight increase from RMB 428,106.1 million as of December 31, 2024[74]. Loan and Deposit Growth - Total loans (excluding accrued interest) amounted to RMB 715.02 billion, with a slight increase of RMB 0.06 billion, or 0.1%[18]. - Deposits (excluding accrued interest) totaled RMB 943.68 billion, rising by RMB 54.24 billion, or 6.1%[18]. - Corporate deposits as of June 30, 2025, amounted to RMB 348.534 billion, ranking first in market share within the province[126]. - Retail deposits reached RMB 595.141 billion, an increase of RMB 36.201 billion, representing a growth of 6.48% compared to the end of the previous year[148]. Asset Quality and Risk Management - The non-performing loan ratio improved slightly to 2.01% from 2.02% at the end of the previous year[11]. - The total amount of non-performing loans (NPLs) was RMB 14.3501 billion, a decrease of RMB 0.0108 billion, with an NPL ratio of 2.01%, down 0.01 percentage points from the previous year[95]. - The company's impairment losses for the six months ended June 30, 2025, amounted to RMB 8.071 billion, a decrease of RMB 0.25 billion year-on-year, representing a decline of 0.3%[54]. - The company maintained a prudent risk appetite and enhanced its risk management system, ensuring compliance with regulatory requirements and effectively preventing various risks[190]. - The company established a comprehensive asset quality management target plan, optimizing its asset quality assessment system to maintain control over asset quality[193]. Capital Adequacy - The capital adequacy ratio increased to 13.29%, up by 0.27% from 13.02% at the end of the previous year[11]. - Core Tier 1 capital adequacy ratio, Tier 1 capital adequacy ratio, and total capital adequacy ratio were 8.67%, 11.18%, and 13.29%, respectively, with increases of 0.21, 0.25, and 0.27 percentage points[18]. - The bank's core Tier 1 capital adequacy ratio, Tier 1 capital adequacy ratio, and total capital adequacy ratio as of June 30, 2025, were 8.67%, 11.18%, and 13.29%, respectively, each increasing by 0.21, 0.25, and 0.27 percentage points from the end of the previous year[121]. Operational Efficiency - The bank's cost-to-income ratio improved to 29.13%, a decrease of 1.07% from 30.20% in the previous year[8]. - The average return on equity decreased to 4.73% from 4.96% year-on-year[8]. - The company's operating expenses decreased by RMB 327.1 million or 7.4% to RMB 4.07 billion, indicating improved cost management[30]. - The bank's electronic channel for corporate clients reached 318,300 customers, with an increase of 13,200 customers compared to the previous year[144]. Strategic Initiatives - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[26]. - The bank has emphasized supporting high-quality development in key industries and projects, aligning with national and regional strategies[128]. - The bank's green finance initiatives align with national carbon neutrality goals, focusing on nine green sectors including energy transition and resource recycling[139]. - The bank's comprehensive product system was optimized to enhance customer experience and satisfaction during the reporting period[135]. Customer Engagement and Services - The number of retail customers reached 36.1508 million, an increase of 714,700 customers, marking a growth of 2.02%[150]. - The bank's mobile banking registered users reached 18.2966 million, with a net increase of 734,200 users as of June 30, 2025[169]. - The customer service center handled 2.82 million customer interactions, achieving a call connection rate of 96.51% and a customer satisfaction rate of 99.78%[172]. - The bank's financial management products served 37,992 customers, with a year-on-year increase of 32.08%[140]. Digital Transformation - The bank's digital transformation plan for 2025 was established, with 9.69 billion sales leads generated from big data use cases, resulting in a total sales amount of RMB 127.18 billion[177]. - The new generation core business system project is progressing steadily, with significant improvements in transaction response times, reducing transfer response time by 43%[178]. - The bank's cloud application system has reached a cloudization rate of 94%, with no major production responsibility incidents reported during the reporting period[182].
中原银行(01216) - 2025 - 中期业绩