张家港行(002839) - 2019 Q2 - 季度财报

Financial Performance - The company's operating income for the first half of 2019 was RMB 1,803,389,713.30, representing a 25.71% increase compared to RMB 1,434,592,071.34 in the same period of 2018[26]. - Net profit for the first half of 2019 reached RMB 481,351,435.39, up 16.69% from RMB 412,516,447.49 in the first half of 2018[26]. - The net profit attributable to shareholders of the listed company was RMB 473,582,437.64, which is a 15.07% increase from RMB 411,559,635.09 in the same period last year[26]. - Basic earnings per share for the first half of 2019 were RMB 0.26, an increase of 13.04% from RMB 0.23 in the same period of 2018[26]. - The net profit after deducting non-recurring gains and losses was RMB 444,946,067.57, which is an 8.39% increase from RMB 410,504,762.11 in the same period last year[26]. Assets and Liabilities - The total assets as of June 2019 amounted to RMB 121,891,087,168.75, reflecting a 7.44% increase from RMB 113,446,248,280.41 at the end of 2018[26]. - The total liabilities increased to CNY 111.75 billion, up 8.04% from CNY 103.44 billion at the end of the previous year[124]. - The bank's total capital net amount reached RMB 1,275.34 million as of June 30, 2019, compared to RMB 1,258.01 million at the end of 2018[40]. - The bank's total assets measured at fair value amounted to RMB 144,619,705,944.85, with a total of RMB 139,780,807,747.69 in financial assets[137]. Loans and Deposits - Total deposits reached RMB 88.61 billion as of June 30, 2019, up from RMB 79.50 billion at the end of 2018, representing a growth of 13.3%[32]. - Total loans amounted to RMB 65.91 billion as of June 30, 2019, an increase from RMB 60.16 billion at the end of 2018, reflecting a growth of 9.1%[35]. - The total loan balance reached CNY 65.906 billion, an increase of CNY 5.746 billion, with a growth rate of 9.55% compared to the previous year[57]. - Customer deposits totaled CNY 90.51 billion, reflecting an increase of CNY 11.11 billion or 11.46% compared to the previous year[124]. Risk Management - The company has taken various measures to effectively manage and control various risks, including credit risk, liquidity risk, market risk, operational risk, and environmental and policy risks[5]. - The company faces significant credit risk related to its loan business, which is a major source of income[162]. - The company has established a liquidity risk management emergency plan to address potential liquidity crises[164]. - The company emphasizes asset-liability management to mitigate interest rate risks by aligning the maturity structure of assets and liabilities[168]. Income and Expenses - Total operating expenses amounted to CNY 1,299,774,788.87, marking a rise of 28.63% from CNY 1,010,472,341.75[66]. - The bank reported a significant increase in interest expenses, which rose by 26.83% to CNY 1,223,270,529.36 from CNY 964,499,729.02[69]. - Employee expenses increased to ¥391,285,365.12 in H1 2019, up 17.31% from ¥333,560,495.60 in H1 2018[95]. - The bank's business and management expenses for H1 2019 were CNY 56,717.09 million, reflecting a 5.46% increase year-on-year[94]. Strategic Focus - The company is focusing on supporting advanced manufacturing and modern service industries to enhance financial service capabilities[48]. - The bank prioritized support for small and micro enterprises, manufacturing, and stable cash flow companies in its lending policies[62]. - The bank aims to enhance its competitive advantage by focusing on precision service for the local manufacturing industry[61]. - The company is implementing financial technology and big data analysis to improve customer experience and reduce operational costs[48]. Dividend Policy - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[6]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period, indicating a focus on retaining earnings[177]. Legal and Compliance - The company has a litigation case involving a loan contract dispute with a total amount of 19.8 million yuan, currently under judicial review[183]. - There were no significant related transactions involving asset or equity acquisitions or joint external investments during the reporting period[194][195].