Dividends and Shareholder Returns - The company distributed a cash dividend of RMB 0.389 per share to A-share shareholders, totaling approximately RMB 37.32 billion, and to H-share shareholders, totaling approximately RMB 935.22 billion for the 2022 fiscal year[1]. - The company did not declare an interim dividend for 2023 and will not convert reserves into share capital[1]. - The bank distributed a cash dividend of RMB 0.389 per share for the 2022 fiscal year, totaling approximately RMB 97.254 billion[183]. Financial Performance - Operating income for the first half of 2023 was RMB 388,155 million, a decrease of 0.44% compared to RMB 389,877 million in the same period of 2022[7]. - Net profit attributable to shareholders was RMB 167,344 million, reflecting a growth of 3.36% compared to RMB 161,899 million in the previous year[7]. - The net profit for the first half of 2023 was RMB 167.30 billion, reflecting a growth of 3.12% compared to the same period last year[13]. - The bank's net profit margin was 1.60%, down from 1.90% in the previous year[7]. - Pre-tax profit for the first half of 2023 was RMB 197.264 billion, slightly up from RMB 192.884 billion in the same period last year[33]. Risk Management - The company faces various risks including credit risk, market risk, operational risk, liquidity risk, reputation risk, country risk, information technology risk, and strategic risk, and is actively managing these risks[1]. - The group employs a three-stage risk assessment model for credit risk, considering various factors including debtor credit ratings and macroeconomic conditions[41]. - The expected credit loss measurement incorporates forward-looking information and scenario assumptions from both domestic and international authoritative institutions[41]. - The bank has strengthened its risk management system, maintaining stable asset quality with core indicators operating smoothly[123]. Asset and Liability Management - Total assets increased by 10.56% to RMB 38,254,706 million from RMB 34,600,711 million at the end of 2022[8]. - The bank's total liabilities rose by 11.27% to RMB 35,298,478 million compared to RMB 31,724,467 million at the end of 2022[8]. - Customer deposits reached RMB 27.63 trillion, up RMB 2.61 trillion or 10.42% year-over-year[49]. - The liquidity ratio for RMB as of June 30, 2023, is 65.88%, exceeding the standard value of 25%[150]. Capital Adequacy - The bank's capital adequacy ratio stood at 17.40%, indicating strong risk absorption capacity[12]. - The group's capital adequacy ratio as of June 30, 2023, is 17.40%, with a Tier 1 capital ratio of 13.39% and a core Tier 1 capital ratio of 12.75%, all meeting regulatory requirements[164]. - Risk-weighted assets totaled RMB 21.875 trillion as of June 30, 2023, an increase from RMB 19.768 trillion at the end of 2022[167]. Loan and Advance Performance - Total loans and advances amounted to RMB 22.44 trillion, with an annualized average yield of 3.94%, down 29 basis points year-on-year[20]. - The total amount of loans and advances issued by the group reached RMB 23.13 trillion, an increase of RMB 1.94 trillion or 9.13% compared to the end of 2022[36]. - The NPL ratio for corporate loans and advances was 1.88% as of June 30, 2023, down from 2.08% at the end of 2022[130]. Non-Interest Income - Non-interest income for the first half of 2023 was RMB 75.97 billion, an increase of RMB 3.76 billion or 5.21% compared to the same period last year, accounting for 19.57% of operating income[25]. - Net commission income was RMB 70.60 billion, up by RMB 0.35 billion or 0.50% year-on-year, with a ratio of 18.19% to operating income, an increase of 0.17 percentage points[26]. Digital Transformation and Innovation - The company is enhancing its digital operations and technology capabilities, including the launch of the "CCB Cloud" brand to improve AI and cloud computing capabilities[58]. - The bank's mobile banking sales of wealth management products reached 141.886 billion yuan and fund sales totaled 17.221 billion yuan, driven by customer benefits[116]. - The "CCB Life" platform has accumulated 113 million registered users and 3 million daily active users, with 36,000 online merchant stores and 2,166 smart canteens serving over 1 million diners[118]. Employee and Community Engagement - The total number of employees is 371,645, a decrease from 376,682 as of December 31, 2022, representing a reduction of approximately 1.0%[180]. - The bank invested RMB 580 million in poverty alleviation efforts in specific regions, with an additional RMB 709 million in repayable assistance funds[186]. - The bank has established 2,342 "Yunong Study Halls" in rural areas, benefiting 4.42 million people through various training programs[186]. Shareholder Information - As of June 30, 2023, the total number of ordinary shareholders is 334,786, with 295,799 A-share shareholders and 38,987 H-share shareholders[197]. - The total number of ordinary shares is 250,010,977,486, with 9,593,657,606 A-shares (3.84%) and 95,231,418,499 H-shares (38.09%)[196]. - Huijin Company holds 57.03% of the total ordinary shares, equivalent to 142,590,494,651 H-shares and 195,941,976 A-shares[198].
建设银行(00939) - 2023 - 中期财报