Financial Performance - Operating revenue for the first half of 2023 was RMB 13,082,522 thousand, a decrease of 3.03% compared to RMB 13,490,708 thousand in the same period of 2022[9]. - Pre-tax profit decreased by 7.33% to RMB 4,658,582 thousand from RMB 5,026,840 thousand year-on-year[9]. - Net profit for the first half of 2023 was RMB 4,098,828 thousand, down 6.91% from RMB 4,402,916 thousand in the previous year[9]. - Basic earnings per share attributable to ordinary shareholders decreased by 8.00% to RMB 0.23 from RMB 0.25[9]. - The total comprehensive income for the first half of 2023 was RMB 4.271 billion, a decrease of 3.02% year-on-year[26]. - The group achieved operating income of CNY 13.083 billion and net profit of CNY 4.099 billion during the reporting period, indicating steady improvement in overall operational quality[20]. Asset and Liability Management - Total assets as of June 30, 2023, were RMB 1,690,558,156 thousand, an increase of 1.87% from RMB 1,659,459,902 thousand at the end of 2022[10]. - Total liabilities amounted to CNY 15,763.36 billion, with an increase of CNY 268.27 billion or 1.73% from the previous year-end[21]. - The group's total equity reached RMB 114.22 billion, reflecting an increase of RMB 4.27 billion, or 3.88%, primarily due to an increase in undistributed profits during the reporting period[48]. - The capital adequacy ratio improved to 11.55%, up 0.05 percentage points from 11.50%[12]. - The core tier 1 capital ratio stood at 8.28%, up from 8.06% at the end of the previous year[51]. Risk Management - The report includes a detailed description of the main risks faced by the bank in its management operations and the measures taken to address these risks[5]. - The bank's risk management framework includes a three-line defense system to enhance risk control effectiveness[106]. - The bank's liquidity ratio was 59.07% as of June 30, 2023, a decrease of 10.09 percentage points from the previous quarter[114]. - The bank has implemented a comprehensive liquidity risk management strategy to ensure compliance with regulatory liquidity indicators while minimizing additional liquidity costs[112]. - The bank's liquidity risk management policies are designed to balance liquidity, safety, and profitability to support sustainable business growth[112]. Customer Deposits and Loans - Total deposits increased by 6.98% to RMB 902,752,781 thousand from RMB 843,873,695 thousand[10]. - Customer deposits reached CNY 9,244.38 billion, reflecting an increase of CNY 605.04 billion or 7% compared to the end of the previous year, indicating stable growth in deposit scale[21]. - The balance of loans and advances was CNY 9,417.61 billion, showing a slight decrease of CNY 9.62 billion or 0.10% compared to the end of the previous year[21]. - The non-performing loan ratio rose to 1.84%, an increase of 0.08 percentage points from 1.76%[12]. - The amount of non-performing loans increased to RMB 17,552,760 thousand, up from RMB 16,806,871 thousand in December 2022[59]. Shareholder Information - The total number of ordinary shares remained unchanged at 17,762,000,000, with domestic shares accounting for 65.09% and H shares for 34.91% as of June 30, 2023[142]. - The top ten shareholders hold a total of 11,000,000,000 shares, representing 61.93% of the total ordinary shares, with Tianjin TEDA Investment Holding Co., Ltd. holding 20.34%[143]. - Tianjin TEDA Investment Holding Co., Ltd. is the largest shareholder, holding 3,612,500,000 shares, while Standard Chartered Bank (Hong Kong) Limited holds 2,888,555,000 shares, representing 16.26%[143]. Corporate Governance - The board consists of 14 members, including 3 executive directors and 6 independent non-executive directors[153]. - The company has established a comprehensive internal control system, enhancing compliance management and risk prevention measures[172]. - Independent non-executive directors accounted for at least one-third of the board, ensuring objective and fair oversight of major transactions and governance matters[170]. - The company held one shareholders' meeting on May 18, 2023, with a total of 13,221,561,501 shares represented, approving 10 resolutions including the 2022 financial statements and 2023 budget report[168]. Future Outlook - The bank anticipates a moderate recovery in consumer spending and continued growth in infrastructure investment, supporting the achievement of the annual GDP growth target[138]. - The bank plans to enhance support for the real economy, focusing on key areas such as inclusive finance, green development, and technological innovation[139]. - The bank's strategy for the second half of 2023 emphasizes high-quality development and alignment with national economic policies[140].
渤海银行(09668) - 2023 - 中期业绩