NJBK(SH:601009)2021-08-18 16:00Financial Performance - The company reported a half-year revenue of 1.2 billion RMB, representing a year-on-year increase of 15%[3] - Net profit for the first half of the year reached 300 million RMB, up 10% compared to the same period last year[3] - The company's operating income for the first half of 2021 reached RMB 20,237,423 thousand, a year-on-year increase of 14.09% compared to RMB 17,738,108 thousand in the same period of 2020[12] - Net profit attributable to shareholders of the listed company was RMB 8,453,729 thousand, reflecting a year-on-year growth of 17.07% from RMB 7,221,177 thousand in the first half of 2020[12] - The company achieved a net profit of 8.454 billion yuan in the first half of 2021, an increase of 1.233 billion yuan, representing a growth of 17.07% year-on-year[172] Asset and Liability Management - The total assets of the bank increased to 150 billion RMB, reflecting a growth of 12% year-on-year[3] - Total assets as of June 30, 2021, amounted to RMB 1,663,978,119 thousand, representing a 9.68% increase from RMB 1,517,075,765 thousand at the end of 2020[13] - Total liabilities increased by 9.94% to RMB 1,549,160,533 thousand from RMB 1,409,042,793 thousand at the end of 2020[13] - The total amount of loans reached RMB 768,234,743 thousand, marking a year-on-year increase of 13.88% from RMB 674,586,703 thousand in 2020[13] - The total customer deposits amounted to RMB 1,047.88 billion, with a significant portion in demand deposits[87] Risk Management - The bank's non-performing loan ratio remained stable at 1.5%, demonstrating effective risk management[3] - The company has no foreseeable major risks, maintaining a robust risk management framework to address credit, market, and operational risks[3] - The non-performing loan ratio remained stable at 0.91% as of June 30, 2021, unchanged from the end of 2020[19] - The provision coverage ratio increased to 394.84% as of June 30, 2021, up 3.08 percentage points from the end of 2020[19] - The company has established a comprehensive risk management system, continuously optimizing asset quality control mechanisms[28] Customer Growth and Market Expansion - Customer deposits grew by 20% to 100 billion RMB, indicating strong customer confidence and market position[3] - The company plans to expand its market presence by opening 50 new branches in key urban areas by the end of the year[3] - The number of new clients for the "Xin e Partner" service increased by nearly 6,000, showcasing rapid growth in cash management business clients[31] - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming quarters[11] - The number of signed clients for "Xin e Partner" has doubled year-on-year, with stable growth in transaction amounts and transaction counts, indicating positive market effects[182] Digital Transformation and Technology Investment - Investment in technology and digital banking solutions increased by 25%, focusing on enhancing customer experience[3] - The bank's digital transformation strategy is supported by a five-year technology plan, with a focus on agile development and integration of technology across various business lines[39] - The company emphasizes digital transformation and open banking, focusing on building cloud-based, online, and intelligent financial services[29] - The "Xin Cloud+" platform has released 589 standardized API interfaces, with a daily transaction volume exceeding 4 million, and total customer count reaching 49.85 million[167] - The company has developed over 400 AI analysis models on the Crystal Ball AI platform, enhancing data analysis capabilities[165] Financial Products and Services - The company issued 40 billion yuan in green financial bonds, indicating a significant growth in green finance loans[28] - The company sold non-principal guaranteed wealth management products totaling 174.3 billion RMB during the reporting period[140] - The company launched the first FOF private equity product and a quantitative private equity product, with total sales of private equity products reaching RMB 6.4 billion[143] - The company introduced the "N Card" digital credit card, with a total issuance of 368,100 cards[150] - The company launched a new digital credit card product, N Card, which focuses on digital transformation and customer engagement, enhancing the customer experience through a data-driven approach[179] Corporate Banking and Client Engagement - Corporate banking revenue reached 11.03 billion yuan, up 23.63% year-on-year, accounting for 54.50% of the company's total revenue[122] - The balance of corporate deposits was 814.78 billion yuan, an increase of 75.60 billion yuan, or 10.23%, since the beginning of the year[123] - The number of effective credit clients reached 22,900, an increase of over 2,200 clients, or more than 10%, since the beginning of the year[124] - The company has established 14 technology branches in regions like Nanjing and Hangzhou, focusing on serving technology enterprises[126] - The company has served a total of 133 technology-based small and micro enterprises[126] Future Outlook and Strategic Goals - Future guidance indicates a projected revenue growth of 12-15% for the next fiscal year, driven by increased lending and investment activities[3] - The company aims to become a leading comprehensive financial service provider among small and medium banks, focusing on corporate finance, retail finance, and financial markets[25] - The company plans to optimize its deposit structure and reduce deposit costs in the second half of the year, aiming for a balance between volume and pricing[174] - The company will continue to support inclusive finance and green finance, focusing on the manufacturing industry's optimization and strategic emerging industries[176] - The company aims to enhance its asset quality management, ensuring that new credit quality remains high and that risk management is proactive[178]