Financial Performance - For the six months ended June 30, 2025, net interest income was RMB 3,777.26 million, a decrease of 5.27% compared to RMB 3,987.32 million in 2024[11]. - Total operating income for the same period was RMB 4,603.65 million, down 19.91% from RMB 5,748.29 million in 2024[11]. - The bank reported a pre-tax profit of RMB 477.33 million, reflecting a decline of 28.62% from RMB 668.75 million in the previous year[11]. - Net profit for the period was RMB 582.64 million, a decrease of 9.64% compared to RMB 644.80 million in 2024[11]. - The return on average total assets was 0.20%, down from 0.23% in 2024, indicating a decline of 0.03%[11]. - The average equity return rate decreased to 2.81% from 3.19%, a drop of 0.38%[11]. - The net interest margin was 1.32%, down from 1.48%, reflecting a decrease of 0.16%[11]. - The cost-to-income ratio increased to 27.98% from 23.13%, an increase of 4.85%[11]. - The bank's net profit attributable to shareholders was RMB 557.64 million, down 10.53% from RMB 623.25 million in 2024[11]. - Basic earnings per share decreased to RMB 0.09 from RMB 0.10, a decline of 10.00%[11]. Asset and Loan Growth - Total assets reached RMB 580,296.63 million as of June 30, 2025, reflecting a growth of 1.16% compared to the end of 2024[13]. - Net loans and advances amounted to RMB 352,673.10 million, an increase of 3.09% from the end of 2024[13]. - The total amount of loans and advances issued amounted to RMB 364,903 million, with a net amount of RMB 352,673 million, representing 60.77% of total assets[59]. - The total corporate loans and advances (including discounted bills) amounted to RMB 285.71 billion, an increase of RMB 14.84 billion, or 5.48%, driven by increased lending in key areas such as technology finance and green finance[62]. - The total personal loans and advances reached RMB 79.19 billion, a decrease of RMB 2.88 billion, or 3.51%, primarily due to a decline in housing mortgage loan demand[64]. Non-Performing Loans and Risk Management - The non-performing loan ratio increased to 2.36% from 2.15% at the end of 2024, representing a rise of 0.21%[13]. - The group’s loan quality analysis shows a total of RMB 8.617 billion in non-performing loans as of June 30, 2025[84]. - The NPL ratio for mortgage loans was 3.95%, with a total amount of RMB 75,907.77 million[89]. - The NPL ratio for guaranteed loans was 2.08%, with a total amount of RMB 223,645.79 million[89]. - The NPL ratio for credit loans was 1.45%, with a total amount of RMB 46,936.94 million[89]. Capital and Equity - The capital adequacy ratio decreased to 13.08% from 13.47% at the end of 2024, a decline of 0.39%[13]. - The core Tier 1 capital adequacy ratio as of June 30, 2025, is 9.01%, down from 9.30% as of December 31, 2024[173]. - The total capital adequacy ratio as of June 30, 2025, is 13.08%, compared to 13.47% as of December 31, 2024[174]. - The leverage ratio as of June 30, 2025, is 7.81%, slightly decreased from 7.87% as of December 31, 2024[175]. - The total equity of the group as of June 30, 2025, is RMB 48.416 billion, with equity attributable to shareholders amounting to RMB 47.595 billion[80]. Deposits and Funding - The total amount of deposits absorbed by the group was RMB 396.77 billion, an increase of RMB 5.84 billion, or 1.49% compared to the end of the previous year[72]. - The balance of interbank and other financial institution deposits was RMB 6.14 billion, a decrease of RMB 10.54 billion, attributed to optimization of interbank liability structure[74]. - The amount borrowed from the central bank was RMB 30.10 billion, an increase of RMB 1.57 billion, reflecting more support from central bank monetary policy tools[76]. - The total issued bonds amounted to RMB 59.17 billion, a decrease of RMB 6.30 billion, mainly due to a reduction in outstanding interbank certificates[78]. Digital Transformation and Customer Engagement - The company aims to enhance customer service capabilities and accelerate digital transformation to improve service quality[20]. - The bank has completed 10 out of 22 planned digital transformation projects, enhancing its digital capabilities across various business lines[145]. - The bank's digital marketing platform has engaged over 3,600 clients within four months of launch, enhancing its corporate business marketing capabilities[145]. - The total number of registered personal electronic banking customers increased by 8.67% year-on-year, with average monthly active users growing by 17.41%[143]. - The customer service center handled a total of 416,500 calls during the reporting period, with an average daily call volume of 2,301 and a call connection rate of 96.47%[144]. Shareholder Structure and Corporate Governance - The total issued share capital of the company as of June 30, 2025, is RMB 6,024,276,901, consisting of 1,345,500,000 H-shares and 4,678,776,901 domestic shares[181]. - The largest shareholder, Jiangxi Provincial Transportation Investment Group, holds 937,651,339 shares, representing 15.56% of the total share capital[185]. - The company has no controlling shareholders or actual controllers[181]. - The shareholder structure reflects a strong influence of local government entities, indicating a stable ownership base[10]. - The company is committed to enhancing its capital structure and shareholder value through strategic investments and partnerships[5].
江西银行(01916) - 2025 - 中期业绩