BANK OF XI'AN(SH:600928)2021-08-27 16:00Financial Performance - Operating income for the first half of 2021 was CNY 3,555,396, an increase of 5.65% compared to CNY 3,365,346 in the same period of 2020[17]. - Net profit attributable to shareholders for the first half of 2021 reached CNY 1,417,876, reflecting a growth of 5.21% from CNY 1,347,712 in the first half of 2020[17]. - Basic earnings per share for the first half of 2021 increased to 0.32 CNY, a 6.67% rise compared to 0.30 CNY in the same period of 2020[20]. - The company achieved an operating income of CNY 3.555 billion, a year-on-year increase of CNY 190 million, or 5.65%[55]. - The net profit attributable to shareholders was CNY 1.418 billion, up by CNY 70 million, representing a growth of 5.21%[55]. Assets and Liabilities - Total assets as of June 30, 2021, amounted to CNY 321,312,787, representing a 4.87% increase from CNY 306,391,591 at the end of 2020[17]. - Total liabilities increased by 5.12% to CNY 295,154,765 as of June 30, 2021, compared to CNY 280,768,067 at the end of 2020[17]. - The net asset attributable to shareholders was CNY 26,098,145, up 2.08% from CNY 25,565,386 at the end of 2020[17]. - The total assets of the company reached CNY 321.31 billion, an increase of CNY 14.92 billion, representing a growth of 4.87% compared to the beginning of the year[53]. - Total liabilities amounted to CNY 295.15 billion, reflecting a 5.12% growth compared to the previous year[82]. Loans and Deposits - Total deposits reached CNY 219,828,676, marking a 6.02% increase from CNY 207,345,846 at the end of 2020[17]. - The total loans reached CNY 177.43 billion, an increase of CNY 5.45 billion, reflecting a growth of 3.17%[53]. - The balance of loans in Xi'an city was CNY 153.03 billion, accounting for 86.25% of the total loans, with a year-on-year increase of 2.32%[90]. - The company’s personal deposits reached CNY 108.60 billion, making up 48.29% of total deposits, an increase from 45.20% in the previous year[109]. - The balance of interbank and other financial institutions' deposits decreased to CNY 1.004 billion, down CNY 1.126 billion, a decline of 52.87% compared to the end of last year[111]. Risk Management - The bank faces various operational risks including credit risk, liquidity risk, and market risk, and has implemented measures to manage these risks effectively[7]. - The bank's loan loss provisions stood at (CNY 5,562,889), an increase of 1.60% from (CNY 5,475,463) in the previous year[17]. - The company’s credit risk management system was enhanced, focusing on improving credit quality and optimizing credit structure, with a comprehensive approach covering all assets[159]. - The company has established a liquidity risk management framework, focusing on proactive asset-liability management and regular liquidity stress testing[164]. - The company is actively managing non-performing assets and enhancing risk provisioning to strengthen its risk management capabilities[161]. Operational Efficiency - The bank reported a net cash flow from operating activities of (CNY 2,720,655), a significant decrease compared to CNY 15,607,812 in the same period of 2020[17]. - The company incurred business and management expenses of 838,000 thousand yuan, which is a 5.65% increase year-on-year, with a cost-to-income ratio of 23.69%[75]. - The company reported a net commission income of 247,004 thousand yuan, representing a year-on-year growth of 8.25%[72]. - The company’s financial investments amounted to 97,625,744 thousand yuan, generating an interest income of 1,865,740 thousand yuan at an average rate of 3.82%[63]. - The company has implemented measures to enhance compliance training and awareness among employees, including online training related to the Civil Code and anti-crime initiatives[171]. Strategic Initiatives - The bank actively supported key projects in Shaanxi Province and Xi'an City, focusing on industries such as energy, aerospace, and biomedicine[36]. - The company is focusing on optimizing credit structure and supporting high-quality development in manufacturing and emerging industries, particularly in areas aligned with national economic strategies[160]. - The company has implemented a green credit management approach, focusing on low-carbon and energy-saving projects[200]. - The company is committed to supporting rural revitalization and poverty alleviation through targeted financial services[160]. - The company is advancing its digital transformation, enhancing mobile banking services, and integrating new features such as dialect recognition and digital RMB access[45]. Shareholder and Governance - The company held one shareholders' meeting during the reporting period, approving eight key proposals including the 2020 financial report and 2021 budget[183]. - The board of directors consists of 11 members, with five meetings held during the reporting period[185]. - The company approved a cash dividend of RMB 1.9 per 10 shares, totaling RMB 844 million distributed to shareholders[192]. - The company did not implement any profit distribution or capital reserve increase plan for the mid-year of 2021[193]. - The company has not executed any employee stock ownership plans or other incentive measures during the reporting period[193].