2023-08-25 16:00Financial Performance - The net profit attributable to shareholders was RMB 977,126 million, a rise of 3.34% from the previous year[13]. - The company achieved operating income of CNY 178.46 billion, a year-on-year decrease of 0.35%[36]. - The net profit attributable to shareholders was CNY 75.75 billion, representing a year-on-year increase of 9.12%[36]. - The company's operating income for the first half of 2023 was RMB 178,460 million, a slight decrease of 0.35% compared to RMB 179,091 million in the same period of 2022[49]. - Net profit increased by 9.19% to RMB 76,437 million in the first half of 2023, up from RMB 70,002 million in the same period of 2022[49]. - The total operating income for the first half of 2023 was RMB 178.460 billion, a slight decrease of 0.35% year-on-year[88]. Asset and Liability Management - Total assets reached RMB 10,739,836 million, an increase of 5.93% compared to the end of 2022[13]. - The bank's total liabilities reached RMB 9,753,923 million, reflecting a growth of 6.20% year-on-year[13]. - Customer deposits totaled RMB 8,030,232 million, marking a 6.56% increase compared to the end of 2022[13]. - The total amount of investment securities and other financial assets was RMB 3,016,589 million, accounting for 28.09% of total assets[102]. - The average balance of customer deposits was RMB 7,828.80 billion, with interest expenses totaling RMB 62.46 billion, resulting in an annualized average cost rate of 1.61%[90]. Loan Performance - Total loans and advances amounted to RMB 6,355,439 million, reflecting a growth of 5.02% year-on-year[13]. - Non-performing loans stood at RMB 60,641 million, up 4.55% from the previous year[13]. - The non-performing loan (NPL) ratio was 0.95%, a decrease of 0.01 percentage points from the end of the previous year[37]. - The migration rate for normal loans was 0.64%, down from 1.53% in 2022, indicating improved loan quality[60]. - The company's loan balance was RMB 2,576.86 billion, representing 40.54% of the total loans, an increase of 8.47% compared to the end of the previous year[127]. Income Sources - Net interest income reached CNY 108.99 billion, up 1.21% year-on-year[36]. - Non-interest income totaled CNY 69.46 billion, down 2.71% compared to the previous year[36]. - Interest income from loans and advances was RMB 134,592 million, representing a year-on-year growth of 2.58%[65]. - The net interest margin for the first half of 2023 was 2.12%, a decrease of 21 basis points compared to the previous year[71]. - The total amount of loans and advances was RMB 6,355.44 billion, with a non-performing loan amount of RMB 60.641 billion[126]. Capital Adequacy - The bank's core tier 1 capital net amount was RMB 831,657 million, increasing by 4.04% year-on-year[13]. - The core Tier 1 capital adequacy ratio was 13.09%, a decrease of 0.59 percentage points from the end of the previous year[32]. - The core Tier 1 capital adequacy ratio, Tier 1 capital adequacy ratio, and total capital adequacy ratio were 12.60%, 14.63%, and 16.80%, respectively, down by 0.63, 0.79, and 0.71 percentage points from the end of the previous year[141]. Operational Efficiency - The cost-to-income ratio increased to 29.07%, up by 1.31 percentage points year-on-year[77]. - The total business and management expenses were RMB 51.877 billion, an increase of 4.36% year-on-year[77]. - The company has implemented a data-driven management approach, enhancing operational efficiency and employee experience, resulting in a savings of approximately 31,200 hours of work[184]. Customer Engagement - The total number of retail customers reached 190 million, an increase of 3.26% compared to the end of the previous year[181]. - The monthly active users (MAU) of the company's app reached 111 million, with a year-on-year growth of 140.84%[181]. - The online service rate for corporate customer basic services reached 89.88%, an increase of 7.74 percentage points compared to the end of the previous year[181]. Risk Management - The company has developed a comprehensive risk management system, emphasizing proactive risk resolution and compliance management[185]. - The company plans to continue monitoring regional government debt risks and implement differentiated control strategies for local government credit business[199]. - The overall risk in the designated industry is expected to remain controllable in the second half of 2023[200].