Financial Performance - Total operating income for the first half of 2021 was RMB 1,616,373,000, a decrease of 1.99% compared to the same period last year[21]. - Net profit attributable to shareholders was RMB 470,635,000, an increase of 15.40% year-on-year[21]. - Net profit after deducting non-recurring gains and losses was RMB 479,958,000, up 16.36% from the previous year[21]. - Basic earnings per share increased to RMB 0.2167, reflecting a growth of 15.39% compared to the same period last year[21]. - The net profit for the first half of the year was CNY 4.73 billion, representing a year-on-year growth of 16.85%[52]. - The company's net profit for the first half of 2021 reached RMB 472.6 million, reflecting a year-over-year increase of 16.85%[53]. - Operating expenses decreased by 6.87% to RMB 1.215 billion, compared to RMB 1.305 billion in the first half of 2020[53]. - The company reported a significant increase in net commission income, which rose by 63.41% to RMB 74.7 million[53]. - Credit impairment losses were reduced by 17.06% to RMB 671.4 million, attributed to a decrease in the non-performing loan ratio by 0.31 percentage points[61]. Asset and Liability Management - Total assets at the end of the reporting period reached RMB 146,354,649,000, representing a 2.51% increase from the end of the previous year[21]. - Total deposits reached RMB 1,126.88 billion by the end of June 2021, an increase of RMB 96.13 billion or 9.33% from the beginning of the year[42]. - Total loans amounted to RMB 907.46 billion by the end of June 2021, increasing by RMB 105.17 billion or 13.11% year-to-date[42]. - The bank's total liabilities stood at RMB 133.99 billion, with deposits accounting for 86.03% of total liabilities, an increase of 4.99% from the previous year[74]. - The bank's equity totaled RMB 12.369 billion, reflecting a stable capital structure with a slight increase in retained earnings[84]. - The bank's cash and deposits with the central bank reached RMB 10.32 billion, accounting for 7.05% of total assets, up from 6.94% at the end of 2020[69]. Loan and Deposit Performance - Market share for deposits in Jiangyin increased to 20.6%, up 0.6 percentage points from the beginning of the year and 1.6 percentage points year-on-year[42]. - Loan market share in Jiangyin reached 16.3%, an increase of 0.2 percentage points from the beginning of the year and 0.4 percentage points year-on-year[42]. - The loan-to-deposit ratio was 80.53%, above the regulatory limit of 75%[34]. - The loan-to-total asset ratio improved to 62.00%, up by 5.80 percentage points from the beginning of the year[55]. - The number of inclusive small and micro enterprise loan accounts increased by 1,899 to a total of 32,500, with a total loan amount of CNY 172.73 billion, reflecting a growth of 24.69% year-to-date[43]. - Retail loans increased by CNY 40.53 billion, a growth of 27.98%, accounting for 20.43% of total loans, up 2.37 percentage points from the beginning of the year[43]. Risk Management - The non-performing loan ratio was 1.48%, well below the regulatory limit of 5%[34]. - The coverage ratio for loan provisions was 284.33%, exceeding the regulatory requirement of 150%[34]. - The bank's non-performing loan (NPL) ratio decreased to 1.48%, down 0.31 percentage points from the beginning of the year, marking five consecutive years of decline[51]. - The provision coverage ratio improved to 284.33%, an increase of 60.06 percentage points year-to-date[51]. - The bank's liquidity risk management includes quarterly stress testing, considering scenarios such as deposit loss and new loan issuance[129]. - The bank's operational risk management is led by the legal compliance department, which has improved the identification and reporting of operational risks[122]. Strategic Initiatives - The company plans to continue enhancing financial services for rural areas and small enterprises, aligning with regulatory guidance to support the real economy[60]. - The company aims to strengthen its four profit segments: corporate finance, inclusive finance, personal retail, and interbank finance to enhance operational efficiency[140]. - The company is committed to technology-driven initiatives, enhancing customer service through "scenario-based, personalized, and intelligent" digital banking solutions[140]. - The company has implemented financial poverty alleviation plans, including strict reporting of poverty alleviation loan data and support for weak economic villages[152]. - The company is actively increasing credit loan issuance to small and micro enterprises, addressing financing difficulties and high costs[154]. Compliance and Governance - The report indicates that the financial data is prepared in accordance with the Chinese Accounting Standards[4]. - The company has not made any changes to its board of directors, supervisors, or senior management during the reporting period[147]. - The company did not conduct an audit for the semi-annual financial report[170]. - There were no major related party transactions during the reporting period[176]. - The company has no overdue commitments or non-operating fund occupation by controlling shareholders or related parties during the reporting period[167][168]. Shareholder Information - The company reported a total of 2,172,006,179 shares outstanding, with 99.88% being unrestricted shares[186]. - Jiangyin Changda Steel Co., Ltd. is the largest shareholder, holding 93,587,941 shares, which accounts for 4.31% of the total share capital[200]. - The total number of ordinary shareholders at the end of the reporting period was 64,071[191].
江阴银行(002807) - 2021 Q2 - 季度财报