Capital and Financial Overview - The registered capital of China Bohai Bank is RMB 17.762 billion[13]. - The bank's H shares are listed on the Hong Kong Stock Exchange under stock code 9668[5]. - The bank's interim report for 2023 was approved by the board on August 28, 2023[6]. - The bank will not distribute profits or convert capital reserves into share capital for the interim period of 2023[7]. - The financial report for the first half of 2023 is unaudited[8]. - The bank's financial data and indicators are prepared in accordance with International Financial Reporting Standards[8]. - Operating revenue for the first half of 2023 was RMB 13,082,522, a decrease of 3.03% compared to RMB 13,490,708 in the same period of 2022[15]. - Pre-tax profit decreased by 7.33% to RMB 4,658,582 from RMB 5,026,840 year-on-year[15]. - Net profit for the first half of 2023 was RMB 4,098,828, down 6.91% from RMB 4,402,916 in the first half of 2022[15]. - Basic and diluted earnings per share decreased by 8.00% to RMB 0.23 from RMB 0.25 year-on-year[15]. - Total assets increased by 1.87% to RMB 1,690,558,156 as of June 30, 2023, compared to RMB 1,659,459,902 at the end of 2022[15]. - Total loans and advances decreased slightly by 0.23% to RMB 955,012,746 from RMB 957,216,978[15]. - Total deposits increased by 6.98% to RMB 902,752,781 from RMB 843,873,695 year-on-year[15]. - The capital adequacy ratio improved to 11.55%, up 0.05 percentage points from 11.50%[19]. - The net equity of the group as of June 30, 2023, was RMB 114.22 billion, an increase of 3.88% from the previous year[91]. Risk Management - The report includes a detailed description of the main risks faced by the bank and the measures taken to address them[8]. - The bank is committed to a comprehensive risk management framework, enhancing the effectiveness and foresight of risk management practices[177]. - The bank's risk management structure includes a three-line defense system to address various risks effectively[180]. - The bank emphasizes dynamic management of key clients and regions to strengthen risk identification and control measures[184]. - The bank has implemented a ten-level asset quality classification management system to enhance risk control[183]. Income and Expenses - Net interest income for the first half of 2023 was RMB 9.33 billion, a decrease of 17.83% year-on-year[40]. - Non-interest income increased to RMB 3.75 billion, representing a growth of 75.52% compared to the same period last year[39]. - Total operating income decreased to RMB 13.08 billion, down 3.03% year-on-year[39]. - Total operating expenses for the period were RMB 5.360 billion, an increase of 11.39% year-on-year, mainly due to rising employee compensation and administrative expenses[67]. - The group recognized credit impairment losses of RMB 3.064 billion, a decrease of 16.11% compared to the previous year[70]. Loan and Deposit Performance - The non-performing loan ratio rose to 1.84%, an increase of 0.08 percentage points from 1.76%[19]. - The non-performing loan balance was CNY 17.553 billion, with a non-performing loan ratio of 1.84%, an increase of 0.08 percentage points from the previous year[35]. - The amount of normal loans was CNY 910,341,503, accounting for 95.32% of total loans as of June 30, 2023, compared to 95.35% at the end of 2022[106]. - The total amount of loans and advances was RMB 955.01 billion, a slight decrease of 0.23% from the end of the previous year[75]. - Total deposits absorbed by the group were RMB 902.75 billion, marking a 6.98% increase from RMB 843.87 billion at the end of 2022[88]. Customer and Market Development - The bank's management highlighted the ongoing economic recovery and the importance of supporting effective demand through financial services[23]. - The bank focused on enhancing customer service levels and expanding strategic customer marketing management systems[135]. - The bank's digital platform for corporate banking is under continuous development to improve customer acquisition and service efficiency[134]. - The bank's transaction banking services have introduced innovative features, enhancing cross-border payment experiences for clients[139]. - The total number of retail customers reached 7.3287 million, with a net increase of 607,300 customers, representing a growth of 9.03%[147]. Technology and Innovation - The bank's technology investment reached RMB 530 million during the reporting period, focusing on enhancing business quality and efficiency through innovation[172]. - The bank's automated marketing tools have enhanced customer acquisition and service efficiency, contributing to a 12.38% growth in personal customer service[147]. - The bank is leveraging big data and AI technologies to create a closed-loop ecosystem for financial services, focusing on customized and ubiquitous offerings[167]. - The bank's mobile banking platform has been upgraded to enhance customer service and product innovation, focusing on high-frequency usage scenarios[164]. Wealth Management and Retail Banking - Wealth management business achieved a breakthrough with the launch of the first standardized trust product, managing customer wealth assets totaling 349 billion CNY[148]. - Retail banking revenue reached 4.657 billion CNY, with retail deposits increasing by 35.828 billion CNY, a growth of 21.23% compared to the end of last year[146]. - The bank's wealth management products included 238 non-principal guaranteed products with a total sales amount of 341.677 billion CNY[154]. - Mortgage loan issuance amounted to 9.026 billion CNY during the reporting period, supporting housing loan demand[150]. Liquidity Management - The bank's liquidity risk management strategy focuses on maintaining compliance with liquidity regulatory indicators while minimizing additional liquidity costs[188]. - The liquidity coverage ratio was 125.07%, down by 1.57 percentage points compared to the previous quarter[191]. - The net stable funding ratio stood at 102.65%, a decline of 1.67 percentage points from the previous quarter[191]. - The liquidity coverage ratio's qualified high-quality liquid assets were approximately RMB 133.06 billion, down from RMB 164.16 billion in the previous quarter[195].
渤海银行(09668) - 2023 - 中期财报