2021-08-27 16:00Financial Performance - The bank reported a total revenue of RMB 100 billion for the first half of 2021, representing a year-on-year increase of 8%[1] - Net profit attributable to shareholders reached RMB 30 billion, up 10% compared to the same period last year[1] - The net profit attributable to shareholders reached RMB 42.019 billion, a year-on-year increase of 15.10%[15] - Total operating income was RMB 133.895 billion, reflecting a growth of 5.61% compared to the same period last year[15] - The company's net profit for the reporting period was CNY 42.873 billion, an increase of 15.88% compared to CNY 36.997 billion in the previous year[18] - The company reported a total profit of CNY 46.588 billion, reflecting a growth of 16.59% year-on-year[18] - The total profit for the first half of 2021 was RMB 46,588 million, up from RMB 39,958 million in the same period of 2020, reflecting a growth of 16.5%[66] Asset and Loan Growth - The bank's total assets increased to RMB 5 trillion, reflecting a growth of 6% year-on-year[1] - Total assets reached RMB 11.414 trillion, a 6.70% increase from the end of last year[15] - Customer loans increased to RMB 6.347 trillion, representing an 8.52% growth from the end of the previous year[15] - The total loan balance as of June 30, 2021, was RMB 6,346,703 million, an increase from RMB 5,848,424 million at the end of 2020, marking a growth of 8.52%[63] - The company's corporate loan balance reached CNY 4,059.88 billion, an increase of CNY 352.41 billion, representing a growth of 9.51% compared to the end of the previous year[45] - Personal loan balance was CNY 2,116.96 billion, up CNY 136.08 billion, with a growth rate of 6.87%[45] Customer Deposits - Customer deposits grew by 7% to RMB 4 trillion, indicating strong customer confidence and retention[1] - Total customer deposits reached RMB 7,016.65 billion, an increase of CNY 409.32 billion, with a growth rate of 6.19%[56] - The proportion of corporate deposits in total customer deposits was 64.88%, a decrease of 0.83 percentage points from the previous year[56] Risk Management - The non-performing loan ratio remained stable at 1.5%, demonstrating effective risk management practices[1] - The non-performing loan ratio improved to 1.60%, down 0.07 percentage points from the end of the previous year[12] - The provision coverage ratio rose to 149.29%, an increase of 5.42 percentage points year-on-year[12] - The company's overall non-performing loan balance was 101.432 billion RMB, with a non-performing loan ratio of 1.60%, reflecting an increase of 3.734 billion RMB from the previous year-end[127] - The overdue loan balance was CNY 94.24 billion, with an overdue loan ratio of 1.48%, down from 1.54% at the end of the previous year[130] Digital Banking and Innovation - The bank plans to expand its digital banking services, aiming for a 20% increase in mobile banking users by the end of 2021[1] - The total number of active mobile banking users grew by 5.41% compared to the end of the previous year, contributing to a total personal financial asset management (AUM) balance of CNY 4.14 trillion, a 6.26% increase[84] - The company has initiated 14 key digital transformation projects, with a total of 4,028 financial technology personnel employed[118] - The company achieved a risk warning accuracy rate exceeding 86% through the implementation of a complex knowledge graph for risk monitoring, applied across 32 business scenarios since its launch[122] Wealth Management - The bank is focusing on enhancing its wealth management services, targeting a 15% growth in this segment for the upcoming year[1] - Net commission and fee income reached 24.966 billion RMB, an increase of 2.84% year-on-year, driven by growth in wealth management and agency services[34] - The company’s wealth management revenue reached CNY 5.406 billion, a year-on-year increase of 24%, with fund business income doubling compared to the previous year[84] Capital Adequacy - The bank's capital adequacy ratio stands at 13%, above the regulatory requirement, ensuring financial stability and growth potential[1] - The capital adequacy ratio stood at 15.29%, slightly up by 0.04 percentage points from the previous year[12] - The company's capital adequacy ratio stood at 15.29% at the end of the reporting period, with a Tier 1 capital ratio of 13.11% and a core Tier 1 capital ratio of 10.59%, all meeting regulatory requirements[68] Strategic Initiatives - Strategic initiatives include potential mergers and acquisitions to strengthen market position and diversify service offerings[1] - The bank's strategic vision aims to build a world-class bank with wealth management characteristics and global competitiveness during the "14th Five-Year Plan" period[80] - The bank aims to enhance product innovation by focusing on four key business areas: inclusive finance, trade finance, technology finance, and wealth finance[151] Employee and Corporate Governance - The total number of employees in the group is 89,890, with 83,945 in domestic banking institutions and 2,610 in overseas banking institutions[183] - The company has implemented a strategy to enhance corporate governance and protect the rights of shareholders and stakeholders[173] - The company strictly adheres to corporate governance regulations and has confirmed compliance with the majority of the best practice codes in the Hong Kong Listing Rules[173]