HUA XIA BANK(SH:600015)2022-08-29 16:00Financial Reporting - Huaxia Bank reported a half-year financial report on August 26, 2022, with the board of directors ensuring the accuracy and completeness of the report[1]. - The financial report for the half-year period has not been audited[1]. - The bank's chairman, Li Minji, and the financial officer, Guan Wenjie, guarantee the authenticity and accuracy of the financial report[1]. - The report includes forward-looking statements that do not constitute a substantive commitment to investors, highlighting investment risks[1]. Financial Performance - Operating income for the first half of 2022 was RMB 48,452 million, a 0.70% increase compared to RMB 48,113 million in the same period of 2021[7]. - Net profit attributable to shareholders for the first half of 2022 reached RMB 11,530 million, reflecting a 5.01% increase from RMB 10,980 million in the same period of 2021[7]. - The total profit amounted to 155.03 billion yuan, reflecting a growth of 752 million yuan or 5.10% year-on-year[20]. - The net profit for the period was 117.67 billion yuan, up by 571 million yuan or 5.10% compared to the previous year[20]. - The bank's total profit amounted to RMB 15,503 million, an increase from RMB 14,751 million in the same period of 2021, reflecting a growth of 5.1%[200]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 3,843,635 million, representing a 4.55% increase from RMB 3,676,287 million at the end of 2021[7]. - The total liabilities of the group were CNY 3,540.122 billion, an increase of CNY 164.537 billion, or 4.87% from the end of the previous year[56]. - The total equity of shareholders increased to 303.513 billion yuan as of June 30, 2022, up from 300.702 billion yuan at the beginning of the year[61]. Loans and Deposits - The total loan amount increased by 3.93% to RMB 2,300,469 million compared to RMB 2,213,529 million at the end of 2021[7]. - Total deposits increased to CNY 21,413.05 billion, a rise of CNY 2,369.42 billion or 12.44% compared to the previous year[16]. - The company's balance of personal loans was 681.806 billion yuan, an increase of 31.506 billion yuan, reflecting a growth of 4.84% year-on-year[67]. Non-Performing Loans - The non-performing loan ratio slightly increased to 1.79% from 1.77% at the end of 2021[7]. - The company's non-performing loan balance was 411.13 billion yuan, an increase of 20.40 billion yuan, with a non-performing loan ratio of 1.79%, up 0.02 percentage points[65]. - Non-performing loans (NPLs) are primarily concentrated in the manufacturing and wholesale/retail sectors, accounting for 36.89% of total NPLs, a decrease of 2.98 percentage points from the end of last year[68]. Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio was 8.63%, above the regulatory minimum of 7.5%[9]. - The liquidity coverage ratio stood at 137.54%, well above the regulatory requirement of 100%[9]. - The total capital net amount as of June 30, 2022, was 324.673 billion yuan, with a capital adequacy ratio of 11.55%[80]. Digital Transformation and Innovation - The company is focused on digital transformation, enhancing its digital service capabilities and risk control systems[12]. - The company launched a new online personal consumption loan product, "Elite e-loan," enhancing digital transformation in consumer credit[101]. - The company is leveraging digital technologies such as blockchain and IoT to create new financial products like digital warehouse receipts and digital procurement loans[98]. Customer Engagement and Services - The average monthly active users of the personal mobile banking app reached 4.0967 million, a year-on-year growth of 14.65%[12]. - The total number of personal customers (excluding credit cards) reached 32.27 million, an increase of 2.54% compared to the end of the previous year[107]. - The cumulative number of credit cards issued reached 33.03 million, an increase of 5.30% compared to the previous year[111]. Risk Management - The company established a comprehensive market risk management system to address interest rate and exchange rate risks, with effective monitoring and control measures in place[129]. - The company focused on enhancing liquidity risk management by optimizing management measures and conducting stress tests[125]. - The company maintained an overall asset quality that remained stable, emphasizing the importance of risk management and compliance with national policies[139]. Environmental and Social Responsibility - The company is focusing on green finance, enhancing its capabilities in key sectors such as wind and solar energy projects, and electric vehicle manufacturing[160]. - The company achieved a complaint resolution rate of 99.99% within 15 days, with a total of 581.51 complaints per million personal customers[167]. - The company actively promoted green travel and implemented strict management of official vehicle usage to reduce emissions[164]. Related Party Transactions - The total amount of related party transactions approved for Shougang Group and its affiliates for 2022 is RMB 38.496 billion, with a credit-related transaction limit of RMB 28 billion and a non-credit-related transaction limit of RMB 10.496 billion[175]. - The total amount of related party transactions approved for State Grid Yingda International Holdings Group and its affiliates for 2022 is RMB 41.546 billion, with a credit-related transaction limit of RMB 28 billion and a non-credit-related transaction limit of RMB 13.546 billion[176]. Shareholder Information - Huaxia Bank reported a total share capital of 15,387,223,983 shares, with 83.33% being unrestricted shares[190]. - The total number of common shareholders as of the end of the reporting period is 113,216, with the largest shareholder, Shougang Group Co., Ltd., holding 20.28% of shares[192]. - The company has not experienced any share buyback situations during the reporting period[192].