Company Overview - Bank of Jiujiang Co., Ltd. reported an unaudited consolidated interim performance for the six months ending June 30, 2025[2]. - The registered capital of Bank of Jiujiang is RMB 2,847,367,200[6]. - As of the reporting period, the bank employed 5,746 full-time staff, with an average age of 30.62 years[7]. - The bank has achieved full coverage in all prefecture-level cities in Jiangxi Province through its 13 branches and 265 sub-branches[7]. Awards and Recognition - In January 2025, the bank was awarded the title of "Top 100 Self-Operated Settlement Institutions" for the seventh consecutive year[8]. - The bank received recognition as an "Outstanding Underwriter" and "Outstanding Market Maker" in the 2024 RMB Financial Bond Underwriting Market[8]. - The bank was recognized as the "2024 Advanced Unit in Green Finance Work" by the People's Bank of China, Jiujiang Branch[9]. - The bank was awarded the first-class comprehensive assessment for state-owned enterprises in Jiujiang City for the year 2024[10]. - The bank was recognized as a "2025 Regional Economic Star" in May 2025, highlighting its contributions to local economic development[12]. Financial Performance - Net interest income for the first half of 2025 was RMB 4,098.2 million, a decrease of 9.1% compared to RMB 4,510.4 million in the same period of 2024[15]. - Total operating income for the first half of 2025 was RMB 5,342.5 million, down 2.9% from RMB 5,500.5 million in the first half of 2024[15]. - The net profit attributable to shareholders for the first half of 2025 was RMB 364.0 million, a decline of 34.4% from RMB 553.9 million in the same period of 2024[15]. - The average return on total assets for the first half of 2025 was 0.15%, down from 0.24% in the same period of 2024[15]. - The basic earnings per share for the first half of 2025 was RMB 0.01, down from RMB 0.08 in the same period of 2024[15]. - The company achieved operating revenue of RMB 5.343 billion and net profit of RMB 379 million for the first half of 2025[21]. - Net profit decreased by RMB 213 million, a decline of 36% compared to the same period in 2024[22]. Asset and Loan Management - The bank's total assets reached RMB 519,654.5 million as of June 30, 2025, an increase from RMB 516,458.6 million at the end of 2024[16]. - The total amount of customer loans and advances as of June 30, 2025, was RMB 3,259.49 billion, an increase of RMB 51.15 billion or 1.6% from the end of the previous year[62]. - The total amount of corporate loans and advances was RMB 2,111.30 billion, an increase of RMB 118.86 billion or 6.0% compared to the end of 2024, driven by the company's efforts to expand corporate credit[65]. - Retail loans amounted to RMB 82,668.4 million, generating interest income of RMB 1,847.0 million, with an average annualized yield of 4.47%, down from RMB 92,259.9 million and RMB 2,275.1 million at 4.93% in the previous year[33]. - The total amount of retail loans was RMB 82.470 billion, representing 25.3% of total loans, with a decrease in non-performing retail loans to RMB 2.253 billion[97]. Risk Management - The bank maintained a prudent risk appetite, with no single borrower's loan balance exceeding 10% of the company's net capital, and the largest single borrower's loan balance was RMB 2.703 billion, accounting for 0.83% of total loans[105]. - The bank has established a multi-dimensional credit risk monitoring system to track significant risk events and manage overdue accounts[152]. - Market risk management focuses on interest rate and exchange rate risks, with stress testing and various risk indicators in place[153]. - The liquidity ratio at the end of the reporting period was 74.75%, with a net stable funding ratio of 129.36% and a liquidity coverage ratio of 171.69%[163]. Shareholder Structure - As of June 30, 2025, the total issued share capital of the company is 2,847,367,200 shares, comprising 2,365,000,000 domestic shares and 482,367,200 H-shares[177]. - The proportion of state-owned shares is 48.80%, with 1,389,528,436 shares held, remaining unchanged during the reporting period[179]. - The company has a total of 699 domestic shareholders as of June 30, 2025, including 44 state-owned shareholders, 54 corporate shareholders, and 601 individual shareholders[180]. - The largest shareholder, Jiujiang Finance Bureau, is a government entity, indicating a strong state influence in the company's ownership structure[183]. Compliance and Governance - The bank established a compliance management organization structure involving the board of directors, supervisory board, senior management, and various departments to enhance compliance risk management[165]. - The bank's compliance management plan is risk-based and is updated annually to address compliance checks, training, and key tasks[166]. - The bank's anti-money laundering system was upgraded to improve the accuracy of suspicious monitoring models and enhance technical defenses against money laundering and fraud risks[170]. - The company has implemented a comprehensive risk assessment and monitoring process for information technology, identifying risk points and submitting reports to the board[171].
九江银行(06190) - 2025 - 中期业绩