2022-08-29 16:00Dividends and Shareholder Returns - The bank distributed cash dividends of RMB 0.2068 per share, totaling RMB 72.376 billion to shareholders as of July 14, 2022[1] - The bank did not declare an interim dividend for 2022 and will not convert capital reserves into capital[1] Financial Performance - Net profit for the first half of 2022 was RMB 128,950 million, a 5.5% increase compared to RMB 122,833 million in the same period of 2021[23] - In the first half of 2022, the company achieved a net profit of CNY 128.95 billion, an increase of CNY 6.12 billion or 4.98% year-on-year[28] - The operating income for the first half of 2022 was CNY 387.20 billion, reflecting a growth of CNY 21.66 billion or 5.9% year-on-year[28] - Total operating income for the first half of 2022 reached RMB 387,196 million, a 5.0% increase from RMB 365,537 million in the same period of 2021[55] Assets and Liabilities - Total assets reached RMB 32,426,420 million as of June 30, 2022, up from RMB 29,069,155 million at the end of 2021, representing an increase of 8.4%[23] - The bank's total liabilities reached RMB 29,900,207 million as of June 30, 2022, compared to RMB 26,647,796 million at the end of 2021, indicating an increase of 8.5%[23] - The company's total deposits amounted to RMB 24,119.85 billion, reflecting an increase of RMB 22,127.27 billion or 10.1% from the end of the previous year[74] Loans and Advances - The total amount of loans and advances issued was RMB 18,813,552 million as of June 30, 2022, compared to RMB 17,175,073 million at the end of 2021, reflecting a growth of 9.5%[23] - The net amount of loans and advances increased by RMB 1,581,669 million, representing a growth of 9.6% compared to the previous year[56] - The balance of loans and discounted bills for domestic companies totaled RMB 108,621.15 billion, up by RMB 12,697.54 billion from the end of 2021[84] Risk Management - The report includes a section on risk management and internal controls, detailing the main risks faced by the bank[3] - The bank emphasizes that forward-looking statements in the report are based on current plans and estimates, and actual results may differ significantly due to various factors[3] - The bank's risk management framework has been strengthened, with a focus on monitoring and managing risks in real estate and large group clients[180] Capital Adequacy - The bank's core tier 1 capital adequacy ratio was 11.11% as of June 30, 2022, slightly down from 11.44% at the end of 2021[24] Interest Income and Expenses - Interest income for the first half of 2022 reached CNY 542.77 billion, an increase of CNY 49.30 billion year-on-year, primarily due to an increase in the average balance of interest-earning assets by CNY 2,920.30 billion[33] - Interest expenses totaled CNY 242.55 billion, an increase of CNY 32.44 billion year-on-year, primarily due to an increase in the average balance of interest-bearing liabilities by CNY 2,730.04 billion[39] Non-Performing Loans - The non-performing loan ratio improved to 1.41% as of June 30, 2022, down from 1.43% at the end of 2021[24] - The non-performing loan balance reached RMB 264.46 billion, with a non-performing loan ratio of 1.41%, a slight decrease of 0.02 percentage points from the end of 2021[179] Digital Transformation and Technology - The bank's digital transformation and financial technology applications are focused on enhancing operational quality and efficiency through big data, cloud computing, and artificial intelligence[137] - The bank's core system processed an average daily transaction volume of 1.161 billion transactions, with peak daily transaction volume reaching 1.353 billion transactions, achieving a core system availability rate of 99.99%[140] Customer Base and Services - The total number of personal customers reached 859 million, maintaining industry leadership[91] - The number of active users of the mobile banking app exceeded 164 million by June 30, 2022[117] International Operations - In the first half of 2022, the net profit from overseas branches was $400 million, with international settlement volume amounting to $847.655 billion[122] - The total assets of Agricultural Bank of China (Luxembourg) reached $39 million, with a net profit of $2.18 million in the first half of 2022[124] Environmental Commitment - The report outlines the bank's commitment to green finance, supporting environmental improvement and resource-efficient economic activities[6]