天津银行(01578) - 2025 - 中期业绩

Definitions This chapter defines key terms, currencies, company entities, geographical regions, regulatory bodies, and share types to ensure clear understanding of the interim report - This section defines key terms used in the interim report, including currencies (HKD, RMB), company entities (the Bank, Board of Directors, Supervisory Board), geographical regions (China, Hong Kong), regulatory bodies (National Financial Regulatory Administration, People's Bank of China), and various share types (domestic shares, foreign shares, H-shares), ensuring clear understanding of the report content[6][7] Company Profile and Basic Information Company Overview Bank of Tianjin, listed on HKEX, reported RMB 965.67 billion in total assets and RMB 8.83 billion in operating income as of June 2025 - Bank of Tianjin was established on November 17, 1996, originating from urban credit cooperatives, and began cross-regional operations in 2007, establishing branches in Beijing, Shanghai, Hebei, Shandong, and Sichuan[8] Key Financial Data as of June 30, 2025 | Indicator | Amount (RMB billion) | Growth from previous year-end (%) | | :--- | :--- | :--- | | Total Assets | 965.67 | 4.3 | | Total Liabilities | 895.76 | 4.6 | | Operating Income | 8.83 | 0.8 | | Total Profit | 2.14 | 4.9 | | Net Profit | 2.01 | 1.6 | Basic Company Information This section details Bank of Tianjin's legal names, representatives, contact information, and H-share listing details Bank of Tianjin Basic Information | Indicator | Content | | :--- | :--- | | Legal Chinese Name | 天津銀行股份有限公司 | | Chinese Abbreviation | 天津銀行 | | Legal English Name | Bank of Tianjin Co., Ltd. | | English Abbreviation | Bank of Tianjin | | Legal Representative | Yu Jianzhong | | Stock Listing Venue | The Stock Exchange of Hong Kong Limited | | Stock Code | 1578 | - The Bank's auditors include KPMG Huazhen LLP (Special General Partnership) for domestic audits and KPMG for international audits[13] Strategic Positioning and Corporate Culture Strategic Positioning Bank of Tianjin aims to become a leading regional bank, guided by national policies and serving high-quality economic development - Strategic Guidance: Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implementing the spirit of the 20th CPC National Congress and the Central Financial Work Conference, and thoroughly implementing General Secretary Xi Jinping's important speeches during his inspection of Tianjin[15] - Development Goal: To build a modern, first-class regional bank that satisfies the municipal Party committee, reassures regulators, earns social praise, delights shareholders, and makes employees proud[15][19] - Development Path: Strengthening the two contemporary genes of research and technology, building internal development capabilities to enhance core competitiveness, structuring external development resources to improve ecosystem services, reconstructing development mechanisms to boost value innovation efficiency, and deepening supply-side financial reform to excel in the 'Five Key Areas' of finance[16][19] Corporate Culture Philosophy System Bank of Tianjin's corporate culture defines its vision, cooperation philosophy, development path, and risk management principles, emphasizing integrity and prudence - Vision: To build a modern, first-class regional bank that satisfies the municipal Party committee, reassures regulators, earns social praise, delights shareholders, and makes employees proud[19] - Cooperation Philosophy: Smart Tianjin Bank, Advancing Together Towards the Future[19] - Risk Philosophy: Upholding China's distinctive financial culture, adhering to principles of integrity, ethical profit-seeking, prudence, innovative compliance, and legal adherence, while maintaining 'five boundaries' (political, regulatory, operational, legal, capability) to prevent 'five major risks' (political, strategic, ecological, capability, operational)[19] Honors, Awards, and Major Media Coverage Honors and Awards During the reporting period, Bank of Tianjin received multiple honors and awards, including ranking 185th in The Banker's Top 1000 World Banks 2025 - Ranked 185th in The Banker's Top 1000 World Banks 2025[22] - Received financial bond underwriting awards such as the Export-Import Bank of China's 'High-Quality Belt and Road Initiative Construction Award' and Agricultural Development Bank of China's 'Rural Revitalization Pioneer'[22] - Awarded multiple wealth management and investment banking accolades, including the 'Jian An Qun Xing Hui Comprehensive Five-Star Award,' 'WIND Best Investment Bank,' and 'Wealth Management Income Pioneer Award'[22] - In FinTech innovation, received 'Excellent Case for FinTech Innovation Services' and 'China Digital Financial and Technological Innovation Application Excellent Case Award'[23] Major Media Coverage During the reporting period, Bank of Tianjin received extensive media coverage on its business development in inclusive finance, green finance, and FinTech - CNR reported Bank of Tianjin's 'Smart Inclusive Finance' achieved outstanding results in 2024, exceeding RMB 20 billion[26] - Xinhua Net repeatedly reported on Bank of Tianjin's initiatives in serving urban cultural heritage, deploying development 'transition,' empowering Binhai New Area's high-quality development, and deepening FinTech to enable new quality productive forces[26][27][32] - China Financial News and Tianjin Finance reported Bank of Tianjin's continuous deepening of green financial product and service innovation, strengthening financial security[30] - Xinhua News Agency reported Bank of Tianjin partnered with 10 entities to establish a pension finance alliance[32] - CNR reported Bank of Tianjin upgraded payment services, facilitating convenient payments for the Davos Forum[33] Summary of Accounting Data and Financial Indicators This section summarizes Bank of Tianjin's operating results, financial position, profitability, asset quality, and capital adequacy as of June 30, 2025 Operating Results for the Six Months Ended June 30, 2025 (RMB thousand) | Indicator | 2025 (RMB thousand) | 2024 (RMB thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Interest Income | 15,142,643 | 15,953,844 | (5.1) | | Interest Expense | (9,219,329) | (9,922,051) | (7.1) | | Net Interest Income | 5,923,314 | 6,031,793 | (1.8) | | Investment Income | 1,266,927 | 1,498,719 | (15.5) | | Net Fee and Commission Income | 788,838 | 1,079,397 | (26.9) | | Net Trading Gains/(Losses) | 710,664 | 212,680 | 234.1 | | Operating Income | 8,828,439 | 8,756,662 | 0.8 | | Operating Expenses | (2,070,128) | (2,024,516) | 2.3 | | Impairment Losses | (4,629,974) | (4,702,872) | (1.6) | | Profit Before Tax | 2,138,770 | 2,038,561 | 4.9 | | Profit for the Period | 2,008,360 | 1,975,791 | 1.6 | | Earnings Per Share Attributable to Equity Holders of the Bank (RMB) | 0.33 | 0.32 | 3.1 | Key Asset/Liability Indicators as of June 30, 2025 (RMB thousand) | Indicator | As of June 30, 2025 (RMB thousand) | As of December 31, 2024 (RMB thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 965,674,631 | 925,993,655 | 4.3 | | Of which: Customer Loans and Advances | 471,033,192 | 440,779,383 | 6.9 | | Total Liabilities | 895,758,652 | 856,583,512 | 4.6 | | Of which: Customer Deposits | 533,951,884 | 500,957,014 | 6.6 | | Equity Attributable to Equity Holders of the Bank | 69,043,443 | 68,547,411 | 0.7