2021-08-30 16:00Dividend and Capital Management - The bank distributed a cash dividend of RMB 0.1851 per share (including tax), totaling RMB 64.782 billion (including tax) to shareholders as of June 16, 2021[2]. - The bank did not declare an interim dividend for 2021 and will not increase capital from capital reserves[2]. - The bank's capital management strategies are discussed in detail, indicating a proactive approach to maintaining capital adequacy[5]. Financial Performance - Net profit for the first half of 2021 was RMB 122,833 million, an increase of 12.5% compared to RMB 109,190 million in the same period of 2020[20]. - The company’s net profit attributable to shareholders was RMB 122,278 million for the first half of 2021, compared to RMB 108,834 million in the first half of 2020, marking a 12.7% increase[20]. - The bank's total operating income for the first half of 2021 was CNY 365.54 billion, up from CNY 339.17 billion in the same period of 2020[52]. Asset and Liability Management - Total assets reached RMB 28,652,363 million as of June 30, 2021, up from RMB 27,205,047 million at the end of 2020, representing a growth of 5.35%[20]. - The company's total liabilities reached RMB 26,389,996 million as of June 30, 2021, reflecting an increase from previous periods[20]. - The company's total deposits reached RMB 21,926.57 billion, reflecting an increase of RMB 15,536.73 billion or 7.6% year-over-year[77]. Risk Management - The bank's report includes a section on risk management and internal control measures[4]. - The bank is enhancing its risk management framework, focusing on credit risk management and improving asset quality through increased efforts in non-performing asset recovery[179][180]. - The company implemented a five-level classification system for loans, with a focus on enhancing risk sensitivity and proactive risk identification[187]. Digital Transformation and Innovation - The bank's digital transformation efforts are highlighted as a key area of focus for future growth[5]. - The bank's online banking platform, focusing on personalized services, has launched over 10 new features, including personal credit reports and intelligent income and expenditure analysis[116]. - The bank launched its first batch of rural revitalization series wealth management products, achieving a scale of over RMB 10 billion in the first half of 2021[144]. Loan and Credit Management - The non-performing loan ratio improved to 1.50% as of June 30, 2021, compared to 1.57% at the end of 2019[21]. - Net loans and advances increased by CNY 1.31 trillion, representing a growth of 9.0%[57]. - The balance of inclusive small and micro enterprise loans reached 1.242399 trillion yuan, an increase of 289.76 billion yuan, with a growth rate of 30.4%, surpassing the overall growth rate of the bank by 21.4 percentage points[120]. Customer Engagement and Service - The number of registered personal mobile banking users reached 380 million, with a monthly active user count of 120 million[24]. - The bank provided over 120,000 home visits to elderly clients and special groups in the first half of the year[149]. - The bank's credit card customer issue resolution satisfaction rate exceeded 90%[149]. International Operations - The bank processed international settlement volume of 741.1 billion USD and trade financing business volume of 69.2 billion USD in the first half of the year[127]. - The cross-border RMB business volume reached 1.06 trillion yuan, a year-on-year increase of 19.05%[128]. - The total assets of Agricultural Bank of China (Luxembourg) reached 41 million USD, with a net profit of 120,000 USD in the first half of the year[129]. Environmental and Social Responsibility - The bank is actively participating in the operation of the national green development fund, focusing on carbon neutrality and sustainable development bonds[125]. - The bank provided over 120 billion yuan in financing through green syndicate loans, green acquisition loans, and green bonds, focusing on environmental governance and clean energy[125]. - The balance of green credit loans reached 1.7639 trillion yuan, with a growth rate of 16.4%, higher than the average growth rate of the bank's loans[123].