Capital and Structure - The registered capital of Weihai Bank is RMB 5,980 million[6]. - The bank was officially renamed from Weihai Commercial Bank to Weihai Bank on February 26, 2025[8]. - The registered capital of Tongda Financial Leasing is RMB 1.65 billion, with the company holding 54.55% equity[154]. - The company has issued a total of 5,980,058,344 shares, including 4,971,197,344 domestic shares and 1,008,861,000 H-shares[185]. - The largest shareholder, Shandong Expressway Group, holds 2,126,237,528 shares, representing 35.56% of total shares[188]. - The domestic state-owned legal person shares account for 53.21% of the total shares[186]. - As of the reporting period, the total number of domestic shareholders is 1,037[187]. - Shandong Gaosu Group Company holds approximately 70.57% of the equity in Shandong Gaosu, making it the controlling shareholder[191]. - Xin Du Group Limited indirectly holds 71,003,000 H-shares, representing 1.19% of the bank's equity[190]. - Other major shareholders include Weihe City Finance Bureau and Shandong Global Fishing Tackle Co., Ltd., with no significant actions reported during the reporting period[196][198]. - The board consists of 14 directors, including 4 executive directors, 5 non-executive directors, and 5 independent non-executive directors[200]. Operational Performance - The bank's mid-term financial report for 2025 has been reviewed by KPMG according to Hong Kong's review standards[4]. - The bank's board of directors unanimously approved the mid-term performance announcement on August 28, 2025[4]. - The report period covers six months ending June 30, 2025[5]. - Net interest income for the first half of 2025 reached RMB 3,647.9 million, an increase of 5.33% compared to RMB 3,463.3 million in the same period of 2024[10]. - Total operating income rose to RMB 5,056.4 million, reflecting a growth of 10.98% from RMB 4,556.0 million year-on-year[10]. - The net profit for the first half of 2025 was RMB 1,257.0 million, up 5.79% from RMB 1,188.2 million in the same period of 2024[10]. - The company achieved a net profit of RMB 1.257 billion in the first half of 2025, an increase of RMB 0.069 billion, representing a growth of 5.79% compared to the same period last year[25]. - Operating income reached RMB 5.056 billion, up RMB 0.500 billion, reflecting a growth of 10.98% year-on-year[25]. - The total operating expenses rose to RMB 1,087.1 million, reflecting a 12.01% increase from RMB 970.5 million in the previous year[54]. Financial Position - The total assets as of June 30, 2025, amounted to RMB 483,843.0 million, representing a 9.60% increase from RMB 441,463.8 million at the end of 2024[21]. - The total loans increased to RMB 229,282.5 million, marking a growth of 9.01% from RMB 210,331.2 million at the end of 2024[21]. - The total deposits increased to RMB 330,859.2 million, reflecting a growth of 12.73% from RMB 293,489.5 million at the end of 2024[21]. - Total liabilities as of June 30, 2025, amounted to RMB 451.34 billion, an increase of RMB 40.68 billion or 9.90% compared to December 31, 2024[93]. - Customer deposits, the main source of funding, reached RMB 339.39 billion, up RMB 37.44 billion or 12.40% from the end of 2024, accounting for 75.20% of total liabilities[96]. - Total equity as of June 30, 2025, was RMB 32.50 billion, an increase of RMB 1.70 billion or 5.53% from December 31, 2024[101]. - The company’s loans secured by collateral amount to RMB 83.88 billion, representing 36.58% of total loans as of June 30, 2025[78]. - The company’s loans in Weihai City total RMB 83.13 billion, accounting for 36.26% of total loans[80]. - The company’s commercial acceptance bills amount to RMB 5.00 billion, which is 28.14% of the total discount bills as of June 30, 2025[77]. Risk Management - The bank has established a comprehensive risk management system covering various risk types, including credit, market, operational, liquidity, and interest rate risks, ensuring sustainable and healthy business development[165]. - The bank's credit risk management framework includes differentiated credit access policies and a robust monitoring mechanism, with a focus on early detection and response to potential risks[166]. - The bank has implemented dynamic liquidity management measures, adjusting asset-liability structures to ensure liquidity risks are manageable and compliant with regulatory requirements[170][171]. - The bank's operational risk management includes stress testing and knowledge assessments to enhance staff awareness and capabilities in risk prevention[168]. - The company has strengthened its information technology risk management, enhancing its risk prevention capabilities to ensure stable business operations[175]. - The company anticipates a stable economic outlook for the second half of the year, supported by effective fiscal and monetary policies, with a focus on boosting domestic demand and investment[182]. Digital Transformation and Innovation - The company is actively pursuing a digital transformation project to enhance its digital marketing capabilities and intelligent risk control[24]. - The bank's digital transformation strategy focuses on data standardization and online intelligence, significantly improving operational efficiency and customer experience[151]. - The bank has a total of approximately 733,300 online banking customers, including about 71,600 corporate banking customers and approximately 661,700 retail banking customers[146]. - The total transaction amount processed through the online banking platform during the reporting period was 628.471 billion yuan[146]. - The bank has approximately 3.9502 million mobile banking users, with a total transaction amount of 107.677 billion yuan processed through the mobile banking platform during the reporting period[147]. - The video banking service processed a total of 52,021 transactions during the reporting period, representing a year-on-year growth of 58.1%[149]. - The bank's intelligent service robot "Xiao Wei" can respond in 1.5 seconds with an accuracy rate of 95%[149]. - The bank has 487 self-service banking facilities, including 244 smart devices, enhancing customer service and operational efficiency[144]. Sustainability and Green Finance - The balance of green loans amounted to RMB 52.860 billion, an increase of 41.80% since the beginning of the year[25]. - The company established a dedicated green finance department to enhance its focus on sustainable financial services[24]. - The company signed the United Nations Principles for Responsible Banking, becoming the first city commercial bank in Shandong Province to do so[24]. - The company is committed to a transformation strategy focusing on marketization, specialization, refinement, and digitization[25]. Compliance and Governance - The company emphasizes compliance and risk awareness to ensure stable and sustainable development[184]. - Anti-money laundering measures were strengthened, with no incidents of money laundering or terrorist financing activities reported during the period[180]. - Legal risk management was improved through online document review and enhanced supervision of legal service providers[181]. - The company established a 24/7 reputation risk monitoring mechanism to identify, report, and control reputation risks effectively, with no major reputation risk events reported during the period[177].
威海银行(09677) - 2025 - 中期财报