Financial Performance - Net interest income decreased by 13.19% to RMB 1.55 billion compared to RMB 1.79 billion for the same period in 2022[10] - Operating income increased by 3.73% to RMB 2.45 billion, up from RMB 2.36 billion year-on-year[10] - Net profit attributable to shareholders rose by 4.92% to RMB 675.27 million, compared to RMB 643.62 million in the previous year[10] - For the first half of 2023, the bank achieved a pre-tax profit of RMB 860.3 million, an increase of RMB 0.31 million or 3.73% year-on-year[16] - The net profit for the same period was RMB 675.3 million, up RMB 0.32 million or 4.92% compared to the previous year[16] - Total operating income for the first half of 2023 was RMB 2.447 billion, reflecting an increase of RMB 0.88 billion or 3.73% year-on-year[18] - The bank's basic and diluted earnings per share for the first half of 2023 were RMB 0.21, up from RMB 0.20 in the same period of 2022[185] Asset and Liability Management - The total assets of Luzhou Bank reached RMB 153.94 billion as of June 30, 2023, representing a 3.58% increase from RMB 148.63 billion at the end of 2022[10] - Total liabilities reached RMB 143.09 billion, an increase of RMB 4.66 billion or 3.36%, primarily driven by steady growth in customer deposits[65] - Customer deposits totaled RMB 115.48 billion, up by RMB 6.04 billion or 5.52%, accounting for 80.70% of total liabilities[67] - The bank's liquidity ratio was reported at 70.70%, down from 73.47% in the previous year[11] - The bank's liquidity position remains stable, with a focus on prudent lending practices amid changing credit demand[80] Loan and Deposit Growth - Customer loans amounted to RMB 888.28 billion, with a net loan amount of RMB 85.02 billion as of June 30, 2023, reflecting a 6.27% increase from the previous year[10] - The total customer loans reached RMB 888.28 billion, an increase of RMB 56.47 billion or 6.79% compared to the end of last year[51] - The net customer loans amounted to RMB 850.17 billion, reflecting a growth of RMB 50.18 billion or 6.27% year-on-year[51] - The average balance of customer deposits was RMB 117.55 billion, with interest income of RMB 1.75 billion and an average cost rate of 2.98%[35] Non-Performing Loans and Risk Management - The non-performing loan ratio improved slightly to 1.50% from 1.53% at the end of 2022[10] - The expected credit loss provision for loans measured at amortized cost increased to RMB 3.81 billion as of June 30, 2023, up RMB 630 million or 19.78% from the end of 2022[88] - The bank has strengthened risk control measures, with guarantee and mortgage loans making up 70.38% of total loans[82] - The bank's non-performing loans in the corporate sector are primarily concentrated in real estate, leasing and business services, construction, wholesale and retail, and manufacturing, accounting for 86.88% of total corporate non-performing loans[78] Capital Adequacy - The bank's core tier 1 capital adequacy ratio stood at 8.28%, up from 8.10% at the end of 2022[11] - The bank's total capital adequacy ratio as of June 30, 2023, was 12.97%, a decrease of 0.04 percentage points from the end of 2022, but still exceeding regulatory requirements by 2.47 percentage points[94] - The core tier 1 capital ratio improved to 8.28% as of June 30, 2023, an increase of 0.18 percentage points compared to the end of 2022, also above regulatory requirements[94] Investment and Financial Market Activities - The bank's total investment in major projects reached RMB 3.25 trillion, with 248 significant projects being advanced[14] - The bank's bond investment scale reached RMB 38.601 billion, an increase of 8.872 billion yuan or 29.84% from the beginning of the year[137] - The bank's financial market business focused on optimizing investment strategies while managing risks amid changing macroeconomic conditions[128] Shareholder Structure and Governance - The bank's total share capital remained unchanged at 2,717,752,062 shares during the reporting period[144] - The report highlights that the top 10 shareholders collectively hold a significant portion of the bank's shares, indicating concentrated ownership[146] - The bank has maintained compliance with corporate governance standards, achieving alignment with the requirements of the Listing Rules and enhancing governance structures[174] Employee and Training Initiatives - As of June 30, 2023, the total number of employees in the company is 1,435, with an average age of 34.71 years[166] - During the reporting period, the company organized approximately 199 training sessions, with around 6,783 participants[171] - The company emphasizes training aligned with its strategic goals, focusing on both internal and external training programs[171] Future Plans and Strategic Focus - Luzhou Bank plans to establish two new community branches in Meishan and Suining, expanding its network[9] - The bank plans to continue optimizing its liability structure and strengthen smart risk control in the second half of 2023[15] - The bank's strategic focus includes supporting the Chengdu-Chongqing economic circle and enhancing regional economic development[15]
泸州银行(01983) - 2023 - 中期业绩