Bank Of Jiangsu(SH:600919)2019-08-20 16:00Awards and Recognition - The company reported a significant achievement by being recognized as one of the "World Best Banks 2019 (China)" by Forbes Media Group[7]. - The company received multiple awards, including the "Best Financial Innovation Award" and "Best Retail Bank in Jiangsu Province"[7]. Financial Performance - Operating revenue for the first half of 2019 reached CNY 21,916,700, an increase of 27.29% compared to the same period last year[15]. - Net profit attributable to shareholders was CNY 7,871,214, reflecting a growth of 14.88% year-on-year[15]. - The bank's operating income for the first half of 2019 was CNY 21,916,700, with a net profit attributable to shareholders of CNY 7,871,214[33]. - The company reported a total operating income of 21.92 billion RMB, an increase of 27.29% compared to the same period last year[57]. - Net profit attributable to shareholders reached 7.87 billion RMB, reflecting a year-on-year growth of 14.88%[57]. - The total profit amounted to RMB 8,752,073 thousand, reflecting a growth of 11.8% compared to RMB 7,831,411 thousand in the previous year[200]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,047,010,439, up 6.29% from the end of the previous year[15]. - Total liabilities amounted to CNY 1,918,259,768, up from CNY 1,801,318,288 year-over-year[30]. - Total assets reached CNY 2,047 billion, an increase of 6.29% compared to the previous year[41]. - The total value of loans and advances issued by the group reached RMB 939.816 billion, an increase of 8.78% compared to the end of the previous year[72]. Risk Management - The company has no foreseeable major risks, indicating a stable risk management situation[5]. - The bank's focus on risk management has led to a stable overall asset quality during the reporting period[94]. - The bank has implemented a new accounting standard for financial instruments, adopting an "expected credit loss" model for measuring impairment provisions[101]. - The bank's strategy includes adjusting credit policies and enhancing risk management models in response to external market changes[94]. Capital and Funding - The company issued CNY 20 billion in convertible bonds to support business development[43]. - The company reported no changes in the number of preferred shares during the reporting period[175]. - The company has a strong financial position, maintaining sufficient debt repayment capacity as indicated by stable financial metrics[139]. Customer and Market Engagement - The bank's retail loans accounted for over 30% of total loans, with consumer loan business growing by over 20% year-to-date[41]. - The company served 40,718 small and micro enterprise loan clients, with a loan balance of 394 billion RMB[45]. - The number of private banking clients increased by nearly 20%, exceeding 40,000 clients, reflecting a strong focus on refined management of high-net-worth clients[123]. Operational Highlights - The company has integrated financial technology into its operations, focusing on big data, artificial intelligence, blockchain, and IoT to enhance digital transformation[55]. - The company has established a comprehensive credit risk management system, enhancing unified credit management and monitoring[110]. - The company has implemented a series of measures to enhance operational risk management, resulting in overall controllable operational risk[115]. Social Responsibility - The company has committed to a poverty alleviation program with a budget of RMB 100 million over the next five years[156]. - The company provided financial support amounting to 1,016,579 thousand for poverty alleviation efforts, helping 8,053 registered impoverished individuals to escape poverty[158]. - The company plans to enhance financial support for enterprises and projects that significantly contribute to poverty alleviation, focusing on key projects that align with regional economic development[160]. Employee and Governance - The number of employees in the parent company is 14,753, while the total number of employees including major subsidiaries is 14,915[182]. - The company has not granted any stock incentives to directors, supervisors, and senior management during the reporting period[180]. - The company strictly adhered to regulatory requirements for information disclosure, with no undisclosed content[165].