Financial Performance - Harbin Bank reported unaudited consolidated interim results for the six months ended June 30, 2023[1]. - Net interest income decreased by 16.87% to RMB 4,421.1 million compared to RMB 5,318.6 million in the same period last year[9]. - Total operating income declined by 4.84% to RMB 6,655.0 million from RMB 6,993.2 million year-on-year[9]. - Pre-tax profit fell by 47.33% to RMB 499.9 million, down from RMB 949.2 million in the previous year[9]. - Net profit increased by 19.12% to RMB 700.4 million, compared to RMB 588.0 million in the same period last year[9]. - Total assets increased by 10.45% to RMB 787,220.3 million, up from RMB 712,733.1 million[10]. - Customer loans and advances totaled RMB 308,711.7 million, an increase of 8.54% from RMB 284,414.9 million[10]. - The capital adequacy ratio improved to 13.97%, up from 11.91% at the end of the previous year[10]. - Earnings per share rose by 100.00% to RMB 0.02 from RMB 0.01 in the same period last year[9]. - The cost-to-income ratio increased to 32.24% from 29.37% year-on-year[9]. Asset Quality and Risk Management - The non-performing loan ratio rose to 2.92% from 2.89% year-on-year[10]. - The provision coverage ratio was 187.45%, up by 5.91 percentage points compared to the end of the previous year[19]. - The bank's credit impairment losses amounted to RMB 3.8859 billion, a year-on-year increase of RMB 0.096 billion, representing a growth rate of 0.2%[53]. - The bank's risk compensation ability remains stable, with a slight increase in the loan impairment loss provision ratio by 0.23 percentage points compared to the previous year[93]. - The bank has implemented stricter risk management measures, focusing on optimizing client structure and enhancing approval processes to mitigate default risks[82]. - The bank has established a dedicated debt collection headquarters to improve the management and operation of non-performing assets[158]. Customer Loans and Deposits - As of June 30, 2023, the total customer loans and advances amounted to RMB 308,711.7 million, an increase from RMB 284,414.9 million as of the previous year[90]. - The total amount of customer deposits as of June 30, 2023, was RMB 638,610.0 million, up by RMB 807.842 million from the end of the previous year, reflecting a growth of 14.5%[72]. - The total amount of corporate loans was RMB 168.7591 billion, an increase of RMB 7.716 billion since the beginning of the year, accounting for 54.7% of total loans[113]. - The total personal loan amount was RMB 120,604.9 million, representing 39.1% of the total, with an NPL amount of RMB 4,601.6 million and an NPL ratio of 3.82%[84]. Subsidiaries and Investments - The bank's major subsidiaries include Harbin Bank Financial Leasing Co., with a registered capital of RMB 2 billion, and Harbin Consumer Finance Co., with a registered capital of RMB 1.5 billion[8]. - The bank has completed the absorption and merger of Bayannur Rural Bank and Yanshou Rural Bank, with registration procedures pending[8]. - The bank's investment in its subsidiaries includes RMB 1.6 billion in Harbin Financial Leasing and RMB 795 million in Harbin Consumer Finance[8]. - The total amount of debt financial instruments issued by financial institutions that the company invested in was RMB 162.1688 billion, an increase of 4.0% compared to the end of the previous year[22]. Awards and Recognition - The bank has received multiple awards, including the "Best Service Rural Revitalization Bank" from the Financial Times in 2022 and the "Best Deposit Product Award" from The Asian Banker in 2023[6]. - The bank's "Unified Intelligent Risk Control Platform" won the "Annual Big Data Product Innovation Award" at the China Digital Finance Annual Conference[6]. Digital Transformation and Technology - The bank's digital transformation strategy aims to enhance financial technology service levels and build digital financial capabilities[154]. - The company continues to focus on integrating digital technologies such as big data, cloud computing, and AI into traditional financial services[125]. - The core business system availability reached 99.996%, with a technology service support resolution rate of 98.84%[155]. Corporate Governance and Management - The company has a total share capital of RMB 10,995,599,553, with 7,972,029,553 shares being domestic shares and 3,023,570,000 shares being H shares[176]. - The company appointed Mr. Yao Chunhe as the executive director and president, effective from March 3, 2023[192]. - The company has undergone significant management changes, including the resignation of previous Chief Risk Officer and Chief Credit Approval Officer in May 2023[192]. - The company emphasizes compliance and governance, with all board members confirming adherence to the established trading conduct[199].
哈尔滨银行(06138) - 2023 - 中期业绩