Financial Performance - Net interest income for the first half of 2023 was RMB 4,481.64 million, a decrease of 3.03% compared to RMB 4,621.67 million in the same period of 2022[23]. - Total operating income decreased by 14.55% to RMB 5,398.52 million from RMB 6,317.67 million year-on-year[23]. - Net profit attributable to shareholders was RMB 1,201.98 million, down 6.21% from RMB 1,281.52 million in the previous year[23]. - The pre-tax profit for the reporting period was RMB 1.363 billion, a decrease of RMB 207.25 million or 13.20% year-on-year[28]. - The net profit for the period was RMB 1.226 billion, down by RMB 91.46 million or 6.94% compared to the same period last year[28]. - Interest income decreased to RMB 9.922 billion, a decline of 4.14% from RMB 10.351 billion in the previous year[29]. - The bank's basic earnings per share for the first half of 2023 was RMB 0.20, a decrease of 4.76% from RMB 0.21 in the same period of 2022[23]. Asset and Liability Management - Total assets as of June 30, 2023, reached RMB 538,644.06 million, an increase of 4.47% from RMB 515,572.66 million at the end of 2022[24]. - Total liabilities amounted to RMB 490.712 billion, an increase of RMB 21.954 billion, representing a growth of 4.68%[72]. - The total amount of loans and advances amounted to RMB 330.101 billion, up by RMB 18.620 billion from the end of last year[27]. - The total deposits increased to RMB 371.544 billion, rising by RMB 18.833 billion compared to the end of the previous year[27]. - The capital adequacy ratio was reported at 14.02%[27]. Loan and Credit Quality - Non-performing loan ratio improved slightly to 2.17% from 2.18% year-on-year[24]. - The non-performing loan (NPL) ratio was 2.17%, a decrease of 0.01 percentage points from the end of the previous year, with total non-performing loans amounting to RMB 71,768.6 million, an increase of RMB 3,960 million, or 5.83%[83]. - The total amount of corporate loans and advances increased by RMB 23,538 million, or 12.43%, with a corporate NPL ratio of 2.61%, down 0.41 percentage points from the end of the previous year[84]. - The total amount of personal loans and advances increased by RMB 1,411 million, or 1.69%, with a personal NPL ratio of 1.91%, up 0.63 percentage points from the end of the previous year[84]. Operational Efficiency - Operating expenses for the reporting period amounted to RMB 1.6 billion, an increase of RMB 57 million year-on-year, reflecting a growth of 3.68% due to increased marketing expenses following the end of the pandemic[54]. - Employee costs for the reporting period were RMB 901.56 million, up RMB 13.37 million from the previous year, a growth of 1.51%[55]. - The group recorded an asset impairment loss of RMB 2.439 billion, a decrease of RMB 768.9 million year-on-year, representing a decline of 23.94%[59]. Risk Management - The group has established a comprehensive risk management system covering credit, liquidity, market, operational, and other risks[142]. - The bank has enhanced its monitoring of market price trends and improved interest rate transmission efficiency to mitigate interest rate risks on the banking book[147]. - The bank has focused on daily monitoring and early warning of foreign exchange exposures, maintaining low overnight positions to avoid risks from exchange rate fluctuations[148]. - The bank has implemented a compliance management system to ensure adherence to laws and regulations, enhancing overall compliance capabilities[152]. Awards and Recognition - The bank was awarded the title of "Outstanding Underwriter" by the China Export-Import Bank in January 2023[22]. - The bank's "Digital Agricultural Financial Service Platform" won the "Best Rural Revitalization Digital Construction Award" at the 9th "Golden Pine Award" in February 2023[22]. - The bank's brand image was enhanced, receiving multiple awards including the "China Banking Industry ESG Practice Award" and the "Gold Award in Digital Financial Innovation Competition" in 2023[27]. Shareholder Structure - As of June 30, 2023, the total issued share capital of the company is RMB 6,024,276,901, consisting of 1,345,500,000 H shares and 4,678,776,901 domestic shares[163]. - The company has 8,872 domestic shareholders, including 29 state shareholders, 285 corporate shareholders, and 8,558 individual shareholders as of June 30, 2023[165]. - The top shareholder, Jiangxi Provincial Transportation Investment Group, holds 937,651,339 shares, representing 15.56% of the total share capital[166]. Digital Transformation - The bank's digital platform "Jiangyin Inclusive" launched new online products, enhancing the accessibility and convenience of financing for small and micro enterprises[117]. - The bank's cross-border RMB settlement volume grew by 39.08% year-on-year, with the half-year settlement volume exceeding that of 2021 and approaching the total for 2022[129]. - The total number of registered personal electronic banking customers reached 3.2511 million, an increase of 4.79% compared to the end of the previous year[132].
江西银行(01916) - 2023 - 中期财报