JRCB(002807)2018-08-27 16:00Financial Performance - The total operating income for the first half of 2018 was RMB 1,396,088,000, representing an increase of 18.84% compared to RMB 1,174,780,000 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was RMB 367,500,000, up 4.27% from RMB 352,437,000 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 401,985,000, reflecting a 14.09% increase from RMB 352,329,000 in the previous year[18]. - The basic earnings per share for the first half of 2018 were RMB 0.2079, a 4.26% increase from RMB 0.1994 in the same period last year[18]. - The total comprehensive income for the first half of 2018 was RMB 376,447 thousand, significantly higher than RMB 182,660 thousand in the first half of 2017, representing a growth of 106.5%[185]. - The net profit for the first half of 2018 was RMB 326,380 thousand, a decrease of 4.1% compared to RMB 340,593 thousand in the same period of 2017[185]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 110,892,850,000, a 1.36% increase from RMB 109,402,787,000 at the end of the previous year[18]. - The total liabilities as of June 30, 2018, amounted to CNY 100.94 billion, a slight increase from CNY 100.05 billion as of December 31, 2017[74]. - The total equity attributable to shareholders increased to CNY 9.80 billion as of June 30, 2018, from CNY 9.15 billion as of December 31, 2017[80]. - The asset-liability ratio decreased to 91.02% from 91.45% year-over-year, indicating a reduction of 0.43%[171]. - The bank's total assets reached RMB 116.42 billion as of June 30, 2018, with a leverage ratio of 8.46%[32]. Cash Flow - The net cash flow from operating activities was negative RMB 7,146,195,000, a significant decline compared to RMB 802,111,000 in the same period last year, indicating cash flow challenges[18]. - The cash and cash equivalents net increase for the first half of 2018 was -1,452,042 thousand RMB, an improvement of 43.05% compared to -2,549,688 thousand RMB in the same period last year[84]. - The net cash flow from financing activities was 4,148,862 thousand RMB, a significant improvement compared to -2,715,472 thousand RMB in the same period last year[84]. Loans and Deposits - The total deposits as of June 30, 2018, were RMB 79,992,892,000, compared to RMB 79,307,913,000 at the end of 2017, showing a growth in deposits[24]. - The total loans as of June 30, 2018, amounted to RMB 59,808,303,000, an increase from RMB 55,853,493,000 at the end of 2017[24]. - The total amount of loans and advances reached RMB 59.81 billion, compared to RMB 55.85 billion at the end of 2017, representing an increase of 7.00%[62]. - The bank's non-performing loan ratio improved to 2.29% from 2.39% in 2017, remaining well below the regulatory limit of 5%[33]. Risk Management - The bank's credit risk management policies and processes are under continuous improvement, although there is no guarantee that they are free from defects[105]. - The bank faces market risks primarily from interest rate and exchange rate fluctuations, which can affect the value of on-balance-sheet and off-balance-sheet items[117]. - The bank has strengthened its risk management and internal control policies to enhance its risk management capabilities and internal audit levels[121]. Capital and Funding - The capital adequacy ratio increased to 15.52% as of June 30, 2018, up from 14.14% in 2017, exceeding the regulatory standard of 10.5%[33]. - The bank successfully issued convertible bonds worth 2 billion RMB in January 2018, enhancing its core tier 1 capital and capital adequacy ratio[42]. - The company issued CNY 2 billion in convertible bonds during the current period, leading to a 124.94% increase in bonds payable to CNY 7.31 billion[79]. Shareholder Information - The total number of shares before the recent change was 1,767,354,347, with 59.36% being restricted shares[152]. - The top 10 shareholders hold a combined total of 30.82% of the company's shares, with Jiangyin Changjiang Investment Group holding 4.36%[156]. - The company has 76,133 common stock shareholders at the end of the reporting period[156]. Social Responsibility - The company reported a total of 318,000 yuan in new agricultural loans issued to 13 households in impoverished areas during the first half of 2018[143]. - The company allocated 1,943,000 yuan for poverty alleviation efforts in the first half of 2018[144]. - The company is committed to reducing the cost of financial poverty alleviation loans through interest rate discounts and optimizing loan evaluation[142].