Bank Of Jiangsu(SH:600919)2022-08-29 16:00Financial Performance - Revenue for the first half of 2022 reached CNY 35,107,352 thousand, an increase of 14.22% compared to CNY 30,736,822 thousand in the same period last year[11]. - Net profit attributable to shareholders of the parent company was CNY 13,380,343 thousand, reflecting a growth of 31.20% from CNY 10,198,572 thousand year-on-year[11]. - Basic earnings per share increased to CNY 0.85, up 32.81% from CNY 0.64 in the previous year[12]. - Operating income for the period was CNY 35.11 billion, representing a year-on-year increase of 14.22%[37]. - Net profit attributable to shareholders was CNY 13.38 billion, up 31.20% year-on-year[38]. - The net interest income for the period was CNY 25.54 billion, up from CNY 22.39 billion year-on-year[66]. - The company reported a total operating income of 35.11 billion RMB, a growth of 14.22% compared to the same period last year[60]. Asset and Liability Management - The total assets of Bank of Jiangsu reached CNY 2.87 trillion by the end of the reporting period[8]. - The total assets as of June 30, 2022, amounted to CNY 2,870,587,131 thousand, representing a 9.61% increase from CNY 2,618,874,260 thousand at the end of the previous year[13]. - The total liabilities increased to CNY 2,664,773,150 thousand, up from CNY 2,420,818,512 thousand at the end of the previous year[13]. - The total equity attributable to shareholders increased by 3.79% to CNY 199,516,421 thousand[31]. - The company reported a total of CNY 1,658,991,332 thousand in deposits, an increase from CNY 1,478,812,360 thousand at the end of the previous year[13]. - The balance of deposits reached 1,659 billion RMB, up 12.18% from the end of the previous year[97]. Risk Management - There are no foreseeable major risks reported by the bank, indicating a stable risk management situation[3]. - The bank's liquidity risk is overall controllable, with effective liquidity management strategies in place[105]. - The bank's market risk is stable and controllable, with a comprehensive risk monitoring platform established[106]. - The bank's operational risk is well managed, with operational risk losses maintained at a low level[107]. - The bank has implemented a robust reputation risk management mechanism, ensuring overall stability in reputation risk status[110]. - The bank's focus on enhancing internal control and compliance systems has improved operational risk management effectiveness[107]. Loan and Credit Management - The non-performing loan ratio improved to 0.98%, down from 1.08% at the end of the previous year[15]. - The balance of loans secured by credit was CNY 556,511,347 thousand, representing 36.27% of total loans, while guaranteed loans were CNY 498,086,734 thousand, accounting for 32.46%[83][84]. - The balance of corporate loans was CNY 852.0 billion, which increased by 17.35% compared to the previous year-end[74]. - The top three industries for loan distribution were leasing and business services (CNY 197,438,643 thousand, 12.86%), manufacturing (CNY 192,225,673 thousand, 12.52%), and wholesale and retail (CNY 103,442,001 thousand, 6.74%) as of June 30, 2022[77][78]. - The bank's non-performing loan balance is 14.979 billion RMB, with a non-performing loan ratio of 0.98%, a decrease of 0.10 percentage points compared to the beginning of the year[111]. Green Finance Initiatives - The balance of green financing reached CNY 303.9 billion, an increase of CNY 93.2 billion compared to the end of the previous year[142]. - The bank launched innovative green financial products including "Green Upgrade Loan" and "ESG Performance Linked Loan" to support traditional industries' green transformation[146]. - The bank's clean energy loan balance reached CNY 23.8 billion, an increase of CNY 13.3 billion from the previous year[142]. - The bank's agricultural loan balance reached 225.1 billion yuan, with a growth rate exceeding the overall loan growth by 2.82 percentage points[160]. - The bank achieved annual reductions of 2.6364 million tons of CO2, 714,800 tons of standard coal, and saved 28.1224 million tons of water during the reporting period[152]. Corporate Governance and Compliance - The company emphasized compliance and accuracy in information disclosure, publishing 2 regular reports and 24 temporary announcements during the reporting period[140]. - The company has committed to ensuring compliance with regulations regarding non-competition and shareholder rights, particularly concerning its largest shareholder, Jiangsu Trust[166]. - The company has established measures to ensure that executive compensation is linked to the performance of return measures[168]. - The company strictly adheres to regulatory requirements for information disclosure, with no undisclosed information[180]. - The company did not issue or list any preferred shares during the reporting period[189]. Customer Engagement and Service - The company implemented a "Customer Voice" system to enhance complaint handling efficiency, optimizing customer service channels to improve call connection rates and response times[164]. - During the reporting period, all customer complaints were resolved as scheduled, with a focus on third-party cooperation and consumer rights protection[164]. - The mobile banking app customer base exceeded 14 million, with monthly active users ranking first among city commercial banks[48]. - The total number of credit cards issued reached 5.74 million, a 13% increase from the end of the previous year, with a year-on-year growth of 26%[46].