Bank Of Jiangsu(SH:600919)2023-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2023 reached CNY 38,842,871, an increase of 10.64% compared to CNY 35,107,352 in the same period last year[11]. - Net profit attributable to shareholders of the parent company was CNY 17,020,129, reflecting a growth of 27.20% from CNY 13,380,343 year-on-year[11]. - Total profit increased by 30.32% to 22,433,659 thousand RMB, compared to 17,214,457 thousand RMB in the previous year[40]. - Total comprehensive income rose by 31.72% to 19,001,184 thousand RMB from 14,425,978 thousand RMB year-on-year[42]. - The company's basic earnings per share increased to CNY 1.09, representing a rise of 28.24% from CNY 0.85 in the same period last year[13]. - The diluted earnings per share was reported at 0.95 RMB, an increase of 30.14% compared to 0.73 RMB in the previous year[42]. Asset and Liability Management - As of the end of the first half of 2023, the total assets of Bank of Jiangsu reached CNY 3.29 trillion[8]. - Total assets as of June 30, 2023, amounted to CNY 3,294,582,710, up 10.55% from CNY 2,980,294,692 at the end of the previous year[16]. - Total liabilities were CNY 30,563 billion, up 10.54% from the previous year, with customer deposits rising by 13.56% to CNY 18,836 billion[52]. - Total deposits amounted to CNY 18,489.45 billion, growing by 13.77% year-on-year[34]. - The total capital net amount was 282,024,224 thousand RMB, with core tier one capital at 195,321,475 thousand RMB[23]. Loan and Credit Management - The total amount of loans issued reached CNY 1,694,100,913, an increase from CNY 1,556,170,969 in the previous year[17]. - The non-performing loan ratio improved to 0.91%, down from 0.94% in the previous year[17]. - The balance of small and micro enterprise loans was CNY 625 billion, with a year-on-year growth of 16.25%, outpacing overall loan growth by 7.45 percentage points[102]. - Guaranteed loans amounted to CNY 656.79 billion, making up 37.62% of the total loan balance, while credit loans were CNY 620.52 billion, accounting for 35.54%[65]. - The loan distribution by region shows that Jiangsu accounted for CNY 1,485.11 billion, or 85.05% of the total loans[63]. Risk Management - The bank's risk management situation is detailed in the third section of the report, indicating no foreseeable significant risks[2]. - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies[66]. - The company has implemented a comprehensive strategy to manage non-performing loans, focusing on recovery and risk control measures[95]. - The bank's liquidity risk management policies ensure liquidity safety while balancing liquidity, safety, and profitability[113]. - The bank's market risk remains stable and controllable, with a comprehensive risk monitoring platform that includes gap analysis, sensitivity analysis, and stress testing[114]. Awards and Recognition - Bank of Jiangsu was recognized as an "Advanced Unit for Financial Services to Small and Micro Enterprises" by the national banking industry and received multiple awards for competitiveness and innovation[9]. - Bank of Jiangsu was ranked 197th in the Fortune China 500 list, leading among city commercial banks[9]. - The bank was selected as a representative in the East Asia region for the United Nations Environment Programme Finance Initiative Banking Council[8]. Strategic Initiatives - The company is focusing on enhancing financial services in key sectors such as advanced manufacturing and green finance[34]. - The bank plans to expand its market presence through strategic partnerships and technology investments in the coming year[56]. - The bank's focus on digital transformation aims to improve operational efficiency and customer experience[56]. - The company plans to deepen investments in key areas such as technological innovation, energy security, rural revitalization, and green development[109]. Environmental and Social Responsibility - The bank is committed to supporting the national "dual carbon" strategy and has developed a "Carbon Neutral Action Plan" to enhance its environmental policies[144]. - The bank invested 12,516.951 million yuan in environmental protection during the reporting period[139]. - The bank reduced carbon dioxide equivalent emissions by 2,457,177.72 tons through various carbon reduction measures[140]. - The company's ESG report was published for the second time in 2023, including its first English version, showcasing its ESG and social responsibility achievements[154]. Shareholder Information - The total number of shares increased from 14,769,656,700 to 15,519,093,536, representing an increase of 749,436,836 shares[173]. - The top shareholder, Jiangsu International Trust Co., Ltd., held 1,206,607,072 shares, representing 7.77% of the total share capital[179]. - The company has no significant litigation or arbitration matters during the reporting period, with four cases pending involving amounts over RMB 10 million, totaling RMB 14,315.6 million[171]. - The company has committed to not engaging in any business activities that would compete with its major shareholder, Jiangsu Bank, ensuring no conflicts of interest[166].