XIANMEN BANK(SH:601187)2022-08-26 16:00Financial Performance - For the first half of 2022, Xiamen Bank reported operating income of RMB 2,854,759 thousand, an increase of 18.17% compared to the same period in 2021[18]. - The operating profit for the first half of 2022 was RMB 1,304,253 thousand, reflecting a growth of 12.80% year-on-year[18]. - Total profit for the first half of 2022 reached RMB 1,302,450 thousand, up by 12.27% from the previous year[18]. - The net profit attributable to shareholders of the parent company was RMB 1,232,286 thousand, representing a 15.11% increase compared to the same period in 2021[18]. - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was RMB 1,230,963 thousand, an increase of 15.39% year-on-year[18]. - The company did not implement profit distribution or capital reserve transfer to increase share capital during the reporting period[3]. - The report period covers from January 1, 2022, to June 30, 2022[11]. - The financial data and indicators are prepared in accordance with Chinese accounting standards, with all figures presented in Renminbi[3]. Asset and Deposit Growth - The total assets increased to CNY 351.71 billion, up 6.74% from CNY 329.49 billion at the end of 2021[21]. - Customer loans and advances totaled CNY 184.72 billion, reflecting a growth of 5.53% compared to CNY 175.04 billion[21]. - The total deposits reached CNY 212.03 billion, marking a significant increase of 15.36% from CNY 183.80 billion[21]. - As of June 30, 2022, the net capital of the company was RMB 30,505,467 thousand, compared to RMB 28,789,843 thousand on December 31, 2021, reflecting an increase of approximately 5.96%[31]. - The company's customer deposit balance (excluding margin deposits and other deposits) reached RMB 135,663 million, with a growth rate of 20.14%[46]. - The balance of corporate loans and advances (excluding bill discounting) was RMB 98,814 million, reflecting a growth of 7.44%[46]. - The total deposits in both domestic and foreign currencies amounted to RMB 212.03 billion, growing by 15.36% year-on-year, with personal deposits at RMB 44.15 billion, up 6.02%[113]. Risk Management and Financial Ratios - The company has taken measures to effectively manage and control various operational risks, including credit risk and liquidity risk[5]. - The net interest margin decreased to 1.49%, down 0.14 percentage points from 1.63%[25]. - The capital adequacy ratio fell to 14.35%, a decrease of 2.04 percentage points from 16.40%[25]. - The non-performing loan ratio improved slightly to 0.90%, down from 0.91%[25]. - The provision coverage ratio decreased to 364.18%, down 6.46 percentage points from 370.64%[25]. - The liquidity ratio improved to 95.29%, up from 70.43% at the end of 2021[27]. - The cost-to-income ratio improved to 33.26%, down from 34.56%[27]. - The retail loan non-performing rate stood at 0.33% as of the end of the reporting period[91]. - The company has established a comprehensive risk management framework, enhancing compliance and internal control systems[97]. Customer and Market Engagement - The number of cash management clients and transaction volume grew significantly, with year-on-year increases of 41.71% and 25.62%, respectively[60]. - Domestic trade financing business volume rose by 45.77% year-on-year, with the number of clients increasing by 27.44%[61]. - International settlement volume increased by 88.70% year-on-year, while cross-border trade financing volume grew by 38.59%[62]. - The company launched several innovative financial products for Taiwanese clients, including the first dedicated credit card for Taiwanese residents in mainland China[101]. - The number of retail customers increased to 2.3059 million, representing a growth of 4.63% year-on-year[79]. - The new customer conversion rate for basic accounts was 71.94%, an increase of 6.6 percentage points compared to the same period last year[80]. - Credit card active users increased by 11% as of the end of June[84]. - Mobile banking signed users reached 1,064,400, with a net increase of 91,600 since the beginning of the year, and monthly active users increased by 24.96% year-on-year[85]. Investment and Income Generation - Investment income reached 327 million, a year-on-year increase of 136%[92]. - The company launched its first investment in US dollar bonds issued by the Macau Gold Exchange, further diversifying its profit sources[93]. - The company’s net interest income was RMB 2,274.71 million, showing a year-on-year increase of 7.72% from RMB 2,111.68 million[126]. - The company reported net commission and fee income of RMB 239.28 million, up 28.07% from RMB 186.83 million in the previous year[131]. - Non-interest income surged to RMB 580 million, marking a significant increase of 90.76% compared to the previous year[115]. - The company incurred credit impairment losses of RMB 563.03 million, an increase of 21.60% year-on-year due to the growth in asset scale and accelerated disposal of non-performing assets[136]. Operational Efficiency and Digital Transformation - The company has implemented a digital transformation strategy focusing on smart risk control, precise marketing, and customer service[87]. - The company is advancing its digital transformation through financial technology initiatives, improving operational efficiency and reducing management costs[100]. - The company has developed a complete set of quantitative trading strategies covering various trading cycles, enhancing its trading capabilities[95]. - The company’s client-oriented financial market business transaction volume increased by 85% compared to the same period last year[96]. - The number of new business outlets increased by 10, expanding customer service coverage[85]. Branch and Staff Information - As of June 30, 2022, the company has a total of 9 branches, 2 specialized institutions, and 85 sub-branches, with total assets amounting to 66.48 billion CNY[192]. - The company employs a total of 901 staff across its branches in Xiamen[192].