SPD BANK(SH:600000)2021-08-27 16:00Strategic Goals and Development - The company reported a strategic goal to become a leading commercial bank with international competitiveness by 2025, focusing on high-quality development and digital transformation [10]. - The company has established a comprehensive development strategy that emphasizes digitalization, group integration, internationalization, market orientation, and refinement [10]. - The company aims to enhance its core competitiveness and global influence, positioning itself as a trusted bank for customers and a quality blue-chip in the capital market [10]. Financial Performance - The company's operating income for the first half of 2021 was RMB 97,365 million, a decrease of 3.99% compared to RMB 101,407 million in the same period of 2020 [15]. - The net profit attributable to shareholders of the parent company for the first half of 2021 was RMB 29,838 million, reflecting a growth of 3.05% from RMB 28,955 million in the first half of 2020 [15]. - The total assets of the company reached RMB 8,123,120 million by the end of June 2021, an increase of 2.17% from RMB 7,950,218 million at the end of 2020 [15]. - The company's loan total was RMB 4,744,826 million, representing a growth of 4.65% compared to RMB 4,533,973 million at the end of 2020 [15]. - The company's net interest margin was reported at 69.49% of operating income, an increase of 0.37 percentage points compared to the previous year [15]. - The cost-to-income ratio increased to 23.88%, up by 2.59 percentage points from the previous year [15]. - The weighted average return on equity was 5.36%, a decrease of 0.17 percentage points compared to the previous year [15]. Risk Management - There were no significant risks foreseen in the company's operations, with existing risks primarily related to credit, market, liquidity, and operational risks [3]. - The company has taken various measures to effectively manage and control operational risks [3]. - The company has implemented measures to manage risks associated with local government financing platforms, ensuring compliance with regulatory requirements [92]. - The company emphasized the importance of dynamic monitoring and risk response to enhance the effectiveness of risk management practices [93]. - The company has classified risk loans and strengthened due diligence on non-performing assets to improve recovery strategies [158]. Digital Transformation and Innovation - The company is focused on enhancing its digital services and has launched the first financial digital human and the first API Bank in the industry [11]. - The company has developed a remote intelligent banking system capable of handling 200,000 outbound calls daily, equivalent to replacing nearly 800 personnel [39]. - The company enhanced its remote intelligent service capabilities, achieving an AI recognition rate of 96.70% and an AI service ratio of 84.69% [126]. - The electronic channel transaction substitution rate reached 99.4%, indicating a strong shift towards digital banking services [126]. Customer and Market Position - The company ranked 18th in the "Global 1000 Banks" list by The Banker magazine and 8th among Chinese banks [13]. - The brand value of the company was reported at USD 15.053 billion, with a brand rating of AAA- according to The Banker magazine [13]. - The company continues to enhance its competitive advantage in the Yangtze River Delta region, leveraging its Shanghai headquarters to support key financial initiatives [25]. - The company has established a comprehensive network in the Yangtze River Delta, with total assets of CNY 2.34 trillion and over 500 branches, serving 385,000 corporate clients and over 55.08 million retail clients in the region [26]. Wealth Management and Retail Banking - The company aims to become the "most intelligent wealth management bank," with a total of 132.64 million retail customers and personal financial assets under management (AUM) of CNY 3.51 trillion, reflecting a growth of CNY 384.9 billion since the beginning of the year [27]. - The wealth management income for the period was CNY 3.57 billion, with a total of CNY 961.82 billion in wealth management products [28]. - The private banking client base exceeded 25,000, managing nearly CNY 500 billion in financial assets [29]. - Retail customer deposits reached CNY 1.03 trillion, with a loan balance of CNY 1.48 trillion, both ranking first among joint-stock banks in the Yangtze River Delta [26]. Green Finance and Sustainability - The company is committed to green finance, covering the entire industrial chain of the low-carbon economy, contributing to the dual carbon goals [31]. - The balance of green credit reached CNY 272.9 billion, ranking among the top in the industry, with the Yangtze River Delta region accounting for CNY 106 billion [32]. - The company launched the "浦发绿创" brand, iterating its comprehensive green financial service plan to version 3.0, covering six major areas related to carbon neutrality [32]. - The company issued the first domestic carbon-neutral bond for a non-financial enterprise, raising funds entirely for wind power plant construction, which can reduce CO2 emissions by 670,000 tons annually [196]. Governance and Compliance - The company aims to enhance its governance structure by integrating party organization with corporate governance, ensuring effective checks and balances among various governance bodies [175]. - The board of directors consists of 13 members, including 4 executive directors, 4 shareholder directors, and 5 independent directors, with 5 board meetings held during the reporting period [178]. - The supervisory board has 9 members, with a 100% attendance rate at meetings, and held 5 meetings, passing 61 resolutions during the reporting period [179]. - The company has successfully implemented compliance management mechanisms, with no major loss events or significant violations reported during the period [163]. Employee and Operational Insights - The company has a total of 61,683 employees, with 58,956 in the parent company and 2,727 in major subsidiaries [187]. - The company operates 1,648 branches across major cities in China, including 1,647 sub-branches [188]. - The company has a diverse educational background among its employees, with 37,987 holding a bachelor's degree and 11,582 holding master's or doctoral degrees [187]. - The company has established 212 micro and small enterprise branches to enhance service capacity for small businesses [110]. Community Engagement and Social Responsibility - The company implemented 11 donation projects during the reporting period, with a total donation amount of 11.2735 million CNY [194]. - The company is actively promoting rural revitalization and poverty alleviation, optimizing long-term support mechanisms to prevent poverty recurrence [199]. - The company invested 3.5085 million yuan in four public welfare projects, including support for military families and children's healthcare initiatives [200].