BANK OF XI'AN(SH:600928)2022-08-30 16:00Financial Performance - The company reported a total revenue of 1,200 million RMB for the first half of 2022, representing a year-on-year increase of 15%[17]. - Net profit attributable to shareholders reached 300 million RMB, up 10% compared to the same period last year[17]. - Operating income for the first half of 2022 was 3,253,840, a decrease of 8.48% compared to 3,555,396 in the same period of 2021[18]. - Net profit attributable to shareholders was 1,227,174, down 13.45% from 1,417,876 in the first half of 2021[18]. - The company achieved a net profit of CNY 1.228 billion, a decrease of 13.42% year-on-year[60]. Asset and Liability Management - The total assets of the bank stood at 150 billion RMB, reflecting a growth of 12% year-on-year[17]. - Total assets as of June 30, 2022, reached 353,207,638, an increase of 2.12% from 345,863,917 at the end of 2021[18]. - Total liabilities amounted to 324,965,636, up 2.11% from 318,260,782 at the end of 2021[18]. - Total deposits reached 250,153,101, an increase of 9.23% from 229,023,935 at the end of 2021[18]. - The total amount of deposits reached 1,262.23 billion, an increase of 103.32 billion or 8.92% year-to-date[38]. Loan and Credit Management - The non-performing loan ratio was maintained at 1.5%, indicating stable asset quality[17]. - The non-performing loan ratio improved to 1.22%, down 0.10 percentage points from 1.32% at the end of 2021[22]. - The balance of small and micro enterprise loans was CNY 39.43 billion, an increase of CNY 7.99 billion, indicating a growth of 25.44% since the beginning of the year[42]. - The total loan amount classified as normal was CNY 180.30 billion, accounting for 96.37% of total loans, while the special mention loans were CNY 4.51 billion, representing 2.41%[140]. - The overdue loans were CNY 3.21 billion, accounting for 1.72% of total loans, down from CNY 3.71 billion or 2.04% previously[143]. Customer Acquisition and Deposits - Customer deposits increased by 20% to 120 billion RMB, showcasing strong customer acquisition efforts[17]. - Personal deposits reached CNY 121.55 billion, an increase of CNY 10.82 billion, representing a growth of 9.77% compared to the end of the previous year[40]. - The bank's customer deposits increased by 9.26% to CNY 256.46 billion[82]. Investment and Technology - Investment in technology and digital banking solutions increased by 25% to improve customer service and operational efficiency[17]. - The company is focusing on digital empowerment, implementing projects like the "Xianiao Data Analysis Platform" to enhance customer service experiences[40]. - The company launched a new bond fund worth CNY 1.5 billion, expanding its product offerings[43]. Risk Management - The bank is actively managing various operational risks, including credit and liquidity risks, to ensure sustainable growth[7]. - The company is focused on enhancing risk management capabilities, implementing a comprehensive risk management system to ensure coordinated development of scale, efficiency, and risk[159]. - Credit risk management has been strengthened, with a focus on improving credit quality and optimizing credit structure, particularly in supporting manufacturing, key projects, and quality SMEs[161]. Governance and Compliance - The company has a governance structure with a board of 13 members, including 5 independent directors, complying with relevant laws and regulations[188]. - The company’s governance practices align with the requirements set by regulatory authorities, ensuring independent operation and management[185]. - A robust compliance risk management framework has been established, including regular audits and compliance training to enhance awareness and adherence to regulations[171]. Future Outlook - Future guidance indicates a target revenue growth of 12% for the full year 2022[17]. - The company is committed to improving service quality and consumer protection, optimizing complaint management systems to ensure efficient handling of customer issues[179]. - The company aims to enhance its digital customer operation management model, integrating online and offline services to better meet customer needs[156].