CCB(601939)2022-08-30 16:00Dividends and Capital Management - The bank distributed a cash dividend of RMB 0.364 per share to A-share shareholders, totaling approximately RMB 34.92 billion[2]. - The bank also distributed a cash dividend of RMB 0.364 per share to H-share shareholders, totaling approximately RMB 875.12 million[2]. - The bank did not declare an interim dividend for 2022 and will not increase capital through reserves[2]. Financial Performance - Operating income for the six months ended June 30, 2022, was RMB 435,970 million, an increase of 4.72% compared to RMB 416,332 million for the same period in 2021[12]. - Net interest income rose to RMB 317,340 million, reflecting a growth of 7.18% from RMB 296,085 million year-over-year[12]. - Net profit attributable to shareholders increased by 5.44% to RMB 161,642 million, up from RMB 153,300 million in the previous year[12]. - The net cash flow from operating activities surged by 373.69% to RMB 815,501 million, compared to RMB 172,159 million in the same period last year[12]. - Total assets reached RMB 33,689,078 million, marking an 11.35% increase from RMB 30,253,979 million at the end of 2021[13]. - The non-performing loan ratio improved to 1.40%, down from 1.42% at the end of 2021[13]. - The capital adequacy ratio stood at 17.95%, slightly up from 17.85% at the end of the previous year[13]. - The bank's basic and diluted earnings per share increased to RMB 0.65, a rise of 6.56% from RMB 0.61 in the same period last year[12]. - The cost-to-income ratio increased to 23.31%, compared to 22.13% in the previous year, indicating a rise in operational costs relative to income[12]. Risk Management - The bank faces various risks including credit risk, market risk, operational risk, liquidity risk, reputation risk, and country risk, and actively manages these risks[3]. - The bank's risk management system has been enhanced, focusing on credit risk management and improving asset quality while supporting high-quality development of the real economy[140]. - The group has strengthened its country risk management, focusing on low and moderate-risk countries and regions[182]. Digital Transformation and Innovation - The bank is focused on digital operations and product innovation, integrating technologies like blockchain and AI into its services[10]. - The bank is expanding its services through platforms like "Jianhang Global Matchmaker" for cross-border transactions[10]. - The bank launched 10 strategic innovation projects in key business areas, completing 9 major innovation projects and 169 branch-level independent innovation projects in the first half of the year[138]. Loans and Advances - The total amount of loans and advances issued by the group was 20.39 trillion RMB, an increase of 1.58 trillion RMB, or 8.41% year-on-year, primarily driven by domestic loan growth[46]. - Corporate loans and advances amounted to 10.60 trillion RMB, up 1.00 trillion RMB, or 10.46%, with new loans mainly directed towards infrastructure, wholesale and retail, and manufacturing sectors[46]. - Personal loans and advances totaled 8.09 trillion RMB, an increase of 195.26 billion RMB, or 2.47%, with personal housing loans at 6.48 trillion RMB, up 927.34 billion RMB, or 1.45%[46]. Non-Interest Income - Total non-interest income decreased to RMB 118.630 billion, down RMB 16.17 billion or 1.34% year-on-year, with a decline in both net commission income and other non-interest income[32]. - The proportion of non-interest income in total operating income was 27.21%[32]. - The net commission and fee income for the first half of 2022 was RMB 68.23 billion, a decrease of RMB 0.615 billion or 0.89% compared to the same period in 2021[34]. Asset Management - The bank's asset custody scale reached CNY 19.02 trillion by the end of June, an increase of CNY 1.32 trillion from the end of the previous year[83]. - The scale of wealth management products reached CNY 2,151.58 billion by the end of June, with net value products accounting for 95.14%[93]. - The company provided direct financing of nearly CNY 1.8 trillion to the real economy by the end of June[99]. Environmental, Social, and Governance (ESG) - The bank emphasizes environmental, social, and governance (ESG) factors in its operations and strategy[10]. - The company is committed to maintaining a capital adequacy ratio of no less than 20% by 2025 and 22% by 2028 to meet total loss-absorbing capacity (TLAC) requirements[199]. International Operations - The total assets of China Construction Bank (Asia) reached CNY 365.33 billion by the end of June, with a net profit of CNY 1.31 billion in the first half of the year[102]. - The total assets of China Construction Bank (London) were CNY 3.547 billion by the end of June, with a net profit of CNY 0.0004864 billion in the first half of the year[103]. - The total assets of China Construction Bank (Russia) reached CNY 3.789 billion by the end of June, with a net profit of CNY 0.0016 billion in the first half of the year[104]. Customer Service and Engagement - The bank has established 252 inclusive finance service centers and over 1,800 personal loan centers to enhance customer service[129]. - The number of personal mobile banking users reached 428 million, an increase of 10.55 million users or 2.53% from the end of last year, with a transaction volume of 28.072 billion transactions and a transaction amount of 43.12 trillion yuan[131]. - The "Jianhang Life" app has accumulated over 66 million registered users, with approximately 4 million daily active users and nearly 280,000 quality merchant stores onboarded, facilitating the distribution of government consumption vouchers totaling 1.224 billion yuan[132].