2022-08-26 16:00Financial Performance - The bank reported a significant increase in net profit for the first half of 2022, reaching CNY 30 billion, representing a year-on-year growth of 12%[1] - The company achieved a net profit attributable to shareholders of RMB 44.04 billion, a year-on-year increase of 4.81%[17] - The net profit for the period was RMB 44.132 billion, reflecting a 2.94% increase compared to the previous year[22] - Total operating income reached RMB 143.39 billion, reflecting a growth of 7.09% compared to the previous year[17] - The company's operating revenue for the period reached RMB 143.386 billion, representing a year-on-year increase of 7.09%[22] Asset and Liability Management - Total assets of the bank amounted to CNY 3.5 trillion, an increase of 8% compared to the previous year[1] - The total assets of the company were RMB 12.58 trillion, a growth of 7.84% from the previous year-end[18] - Total liabilities amounted to CNY 11,591.64 billion, an increase of CNY 903.12 billion, representing a growth of 8.45%[60] - Customer deposits reached RMB 7.81 trillion, up RMB 771.59 billion or 10.96% year-on-year[18] Loan and Deposit Growth - Customer loans amounted to RMB 7.09 trillion, an increase of RMB 527.33 billion or 8.04% from the end of the previous year[18] - The total customer loan balance reached CNY 7,087.73 billion, an increase of CNY 527.33 billion, representing a growth of 8.04% compared to the previous year[48] - Corporate loans amounted to CNY 4,553.48 billion, up CNY 415.27 billion, with a growth rate of 10.03%, and accounted for 64.25% of total loans[49] - Personal loans totaled CNY 2,348.89 billion, increasing by CNY 637.94 billion, with a growth rate of 2.79%, and represented 33.14% of total loans[49] Risk Management - The bank's non-performing loan ratio remained stable at 1.5%, indicating effective risk management practices[1] - The non-performing loan ratio improved to 1.46%, a decrease of 0.02 percentage points from the previous year-end[18] - The provision coverage ratio increased to 173.10%, up 6.60 percentage points from the previous year-end[18] - The bank continues to face risks such as credit and market risks, and it is implementing measures to mitigate these risks effectively[2] Digital Transformation and Technology Investment - The bank is investing in technology upgrades, with a budget of CNY 1 billion allocated for digital transformation initiatives in 2022[1] - The investment in new financial products and technologies is expected to enhance market expansion and customer engagement strategies[63] - The cumulative number of open interfaces reached 1,673, a growth of 35.14% year-on-year, with over 1 billion calls made[135] Wealth Management and Customer Engagement - The bank plans to expand its wealth management services, targeting a 15% increase in assets under management by the end of 2023[1] - The total personal financial assets (AUM) managed by the domestic bank reached 4.477528 trillion yuan, growing by 5.2% compared to the end of last year[99] - The family trust scale increased by 37.66% compared to the previous year, with the number of private banking customers reaching 73,700, an increase of 4.77%[106] International Expansion - Future outlook includes a focus on international expansion, with plans to open three new branches in Southeast Asia by 2023[1] Shareholder Information - The total number of ordinary shares at the end of the reporting period is 74,262,726,645, with A-shares accounting for 52.85% and H-shares for 47.15%[182] - The largest shareholder, the Ministry of Finance of the People's Republic of China, holds 13,178,424,446 A-shares, representing 17.75% of total shares[185] Regulatory Compliance and Capital Adequacy - The group's capital adequacy ratio is 14.49%, with a Tier 1 capital ratio of 12.20% and a core Tier 1 capital ratio of 9.99%, all meeting regulatory requirements[75] - The group has complied with regulatory requirements for large risk exposure management, continuously monitoring and managing large risk exposures[177]