Financial Performance - Net interest income decreased by 16.87% to RMB 4,421.1 million compared to RMB 5,318.6 million in the same period last year[9]. - Total operating income declined by 4.84% to RMB 6,655.0 million from RMB 6,993.2 million year-on-year[9]. - Pre-tax profit fell by 47.33% to RMB 499.9 million, down from RMB 949.2 million in the previous year[9]. - Net profit increased by 19.12% to RMB 700.4 million, compared to RMB 588.0 million in the same period last year[9]. - Earnings per share rose by 100.00% to RMB 0.02 from RMB 0.01 year-on-year[9]. - The average return on equity improved to 0.82%, up from 0.44% in the previous year[9]. - The net interest margin decreased to 1.36%, down from 1.82% year-on-year[9]. - The cost-to-income ratio increased to 32.24%, compared to 29.37% in the same period last year[9]. - Total operating income for the first half of 2023 was RMB 6,655.0 million, a decrease of 4.8% from RMB 6,993.2 million in the same period of 2022[99]. - The bank's operating profit for the first half of 2023 was RMB 499.9 million, a decline from RMB 949.2 million in the same period of the previous year[97]. Asset and Liability Management - As of June 30, 2023, the total assets of Harbin Bank amounted to RMB 787.2203 billion, with total customer loans and advances at RMB 308.7117 billion, and total customer deposits at RMB 638.6100 billion[6]. - The total amount of customer loans and advances reached RMB 308.7117 billion, an increase of RMB 24.2968 billion, representing a growth of 8.5% year-on-year[57]. - The total amount of corporate loans was RMB 168.7591 billion, an increase of RMB 7.716 billion since the beginning of the year, accounting for 54.7% of total loans[113]. - The total amount of personal loans reached RMB 120,604.9 million, representing 39.1% of total loans, with an NPL amount of RMB 4,601.6 million and an NPL ratio of 3.82%[84]. - The total liabilities reached RMB 723.271 billion, an increase of RMB 73.858 billion or 11.4% from the previous year-end[70]. - The balance of interbank borrowing as of June 30, 2023, was RMB 41.849 billion, an increase of RMB 0.8623 billion or 2.1% from the end of 2022[74]. - The amount of repurchase agreements decreased to RMB 7.000 billion, a decline of RMB 25.500 billion or 78.5% compared to the end of 2022[74]. Risk Management - The bank has implemented stricter risk management measures, focusing on optimizing client structure and enhancing approval processes to mitigate default risks[82]. - The bank's credit risk management focuses on high-quality development, enhancing risk control measures, and supporting local economic growth[157]. - The bank has established a specialized debt collection headquarters to enhance the recovery and management of non-performing assets[158]. - The bank's risk management framework integrates risk identification, measurement, monitoring, and control processes to ensure sustainable business development[156]. - The bank's proactive credit risk management includes establishing a risk joint diagnosis mechanism and overdue warning system[158]. - The bank has enhanced its digital risk control capabilities and operational efficiency, significantly improving its core competitiveness in consumer finance[125]. Customer Deposits and Loans - Harbin Bank's total customer deposits increased by a significant percentage compared to the previous year, reflecting strong customer confidence[6]. - As of June 30, 2023, total customer deposits amounted to RMB 638.610 billion, an increase of RMB 80.784 billion or 14.5% compared to the end of 2022[72]. - The overdue loans and advances totaled RMB 52,015.2 million, accounting for 16.8% of total loans, a decrease from 18.9% the previous year[91]. - The non-performing loan ratio stood at 2.92%, a slight increase of 0.03 percentage points from the end of 2022[16]. - The provision coverage ratio improved to 187.45%, up 5.91 percentage points compared to the previous year[16]. Awards and Recognition - Harbin Bank was awarded the "Best Deposit Product Award" for its "Beautiful Life Account" by The Asian Banker in 2023[6]. - The bank's "Unified Intelligent Risk Control Platform" received the "Annual Big Data Product Innovation Award" at the China Digital Finance Annual Conference[6]. - The company received the "Best Bank for Rural Revitalization" award from the Financial Times, recognizing its contributions to rural finance[128]. Corporate Governance and Management - The company has a diverse board with independent directors making up 40% of the total[189]. - The company emphasizes the importance of governance with a structured board and supervisory committee[190]. - The company has undergone significant management changes in 2023, reflecting a strategic shift in leadership[192]. - The company has a strong governance structure with a focus on compliance and risk management, as evidenced by the appointment of a Chief Risk Officer in July 2023[197]. Digital Transformation and Innovation - The bank's digital transformation plan aims to enhance financial technology service levels and build digital financial capabilities[154]. - The company has established over 40 standardized data query tools to support business departments in self-querying and analysis[155]. - The company launched new systems such as the intelligent dual recording system and cross-border clearing system on schedule[155]. Market Position and Strategy - Harbin Bank ranked 183rd in the "2023 Global Top 1000 Banks" list published by The Banker, and was the fourth among Chinese banking institutions in terms of profit growth[6]. - The bank is focusing on green finance and key industries to improve the quality of new loan assets and control risks effectively[19]. - The bank aims to support local economic development and assist clients affected by the pandemic in recovering their operations[92].
哈尔滨银行(06138) - 2023 - 中期财报