2023-08-30 16:00Financial Performance - Operating income for the first half of 2023 was RMB 71,539 million, a decrease of 3.58% compared to RMB 74,199 million in the same period of 2022[17]. - Net interest income decreased by 6.36% to RMB 51,334 million from RMB 54,823 million year-on-year[17]. - Non-interest income increased by 4.28% to RMB 20,205 million compared to RMB 19,376 million in the previous year[17]. - Net profit attributable to shareholders was RMB 23,777 million, down 3.49% from RMB 24,638 million in the same period last year[17]. - Total assets as of June 30, 2023, reached RMB 7,641,451 million, reflecting a growth of 5.32% from RMB 7,255,673 million at the end of 2022[18]. - Total loans and advances increased by 6.03% to RMB 4,390,942 million from RMB 4,141,144 million at the end of 2022[18]. - The non-performing loan ratio improved to 1.57%, down from 1.68% at the end of 2022[18]. - Cash flow from operating activities for the first half of 2023 was RMB 108,631 million, an increase of 32.60% compared to RMB 81,922 million in the same period of 2022[17]. - The basic earnings per share for the first half of 2023 was RMB 0.46, a decrease of 6.12% from RMB 0.49 in the same period last year[17]. Strategic Focus and Development - The bank's development strategy for 2023 emphasizes high-quality growth as the primary task, focusing on customer-centric operations and optimizing asset allocation[10]. - The bank aims to enhance retail efficiency, develop corporate comprehensive services, and specialize in financial markets to boost revenue[10]. - The bank's strategic positioning includes being a bank for private enterprises, an agile and open bank, and a customer-centric bank[9]. - The bank's five-year development plan (2021-2025) is entering its second phase of sustained growth in 2023[10]. - The bank's focus on optimizing the structure of assets and liabilities aims to enhance profitability and support sustainable development[10]. - The bank's commitment to serving small and medium-sized enterprises is highlighted as a key aspect of its mission[9]. - The bank focuses on high-quality development through a "four-wheel drive" strategy, enhancing customer segmentation and deepening engagement with key customer groups, including SMEs and retail clients[11]. - The bank aims to accelerate digital transformation and improve service quality by leveraging data and technology, transitioning from traditional banking to a more agile and innovative model[12]. Risk Management - The bank's risk management section indicates no foreseeable major risks, with potential risks detailed in the report[4]. - The bank emphasizes risk management efficiency, implementing differentiated authorization and process optimization to enhance risk control capabilities[12]. - The bank's focus on risk management resulted in a provision coverage ratio of 146.85%, an increase of 4.36 percentage points from the previous year[26]. - The bank's liquidity risk management indicators remained in good compliance status, with a focus on optimizing the liquidity risk group consolidation management system and enhancing monitoring management[176]. - The bank has established a comprehensive risk management system for country risk, with a focus on monitoring and controlling exposure limits, ensuring that the majority of exposure is in countries rated "low" or "lower" risk[177]. Customer Experience and Services - The bank is enhancing customer experience by building an ecological banking model that integrates online credit products and comprehensive financial services[12]. - The bank's digital initiatives include developing a smart marketing brain and automated review systems for small and micro enterprises to mitigate financial risks[12]. - The bank's community financial assets reached CNY 4,078.99 billion, an increase of CNY 250.75 billion from the end of the previous year[138]. - The bank's retail customer total assets reached CNY 2,302.095 billion, an increase of 4.76% from the end of the previous year[128]. - The number of new personal customers added was 2.9843 million, representing a year-on-year growth of 22.58%[127]. Shareholder Structure - The bank's total ordinary shares remain at 43,782,418,502, with no changes in the structure during the reporting period[186]. - The bank's ordinary shareholders totaled 370,671 at the end of the reporting period[188]. - The total shareholding of the top ten single shareholders accounts for 43.48% of the total shares[195]. - The largest shareholder, Dajia Life Insurance Co., Ltd., holds 10.30% of the total shares, which amounts to 7,352,284,689 A-shares and 457,930,200 H-shares[195]. - The company has a diverse shareholder base, with significant stakes held by various institutional and corporate investors[192]. Digital Transformation and Innovation - The bank's digital transformation strategy is being led by top management, focusing on enhancing operational efficiency and customer experience[150]. - The bank aims to establish itself as a data-driven institution, enhancing decision-making and management through data insights[151]. - The bank has launched a new generation of intelligent anti-money laundering management and monitoring systems to improve operational efficiency[183]. - The bank is actively promoting digital and intelligent construction in anti-money laundering efforts, enhancing the digitalization level of its operations[183]. - The bank's marketing cloud platform initiated 15,938 activities during the reporting period, a year-on-year increase of 32.10%[131].