Bank Of Chongqing(601963)2023-08-30 16:00Financial Performance - Net profit for the first half of 2023 was CNY 3,052,330 thousand, representing a 5.36% increase compared to CNY 2,896,970 thousand in the first half of 2022[15]. - Interest income for the first half of 2023 reached CNY 14,085,252 thousand, a 3.14% increase from CNY 13,656,304 thousand in the same period of 2022[15]. - The bank's operating income for the first half of 2023 was RMB 6.98 billion, up by 3.07% year-on-year[23]. - The company's net profit reached RMB 3.052 billion, an increase of RMB 155.36 million, with a growth rate of 5.36% compared to the previous year[26]. - The bank's total loan amount reached RMB 336.18 billion, with a focus on inclusive finance and rural revitalization[8]. - The bank's total liabilities reached CNY 673,094,013 thousand, a 6.30% increase from CNY 633,217,086 thousand at the end of 2022[16]. - The bank's equity attributable to shareholders increased to CNY 51,738,550 thousand, a 4.87% rise from CNY 49,336,512 thousand at the end of 2022[16]. Asset and Liability Management - As of June 30, 2023, the total assets of the Bank of Chongqing amounted to RMB 727.06 billion, with total deposits reaching RMB 403.77 billion[8]. - The bank's total assets as of June 30, 2023, amounted to CNY 727,060,949 thousand, a 6.18% increase from CNY 684,712,563 thousand at the end of 2022[16]. - The bank's total customer deposits reached RMB 406.18 billion, an increase of RMB 23.58 billion, with a growth rate of 6.16% compared to the end of the previous year[74]. - The bank's total liabilities of the group amounted to RMB 673.09 billion, an increase of RMB 39.88 billion, representing a growth of 6.30% compared to the end of the previous year[73]. - The bank's total financial assets amounted to RMB 715.64 billion, while total financial liabilities were RMB 671.01 billion, resulting in a net financial position of RMB 44.63 billion[133]. Loan and Credit Quality - The non-performing loan ratio stood at 1.21%, while the provision coverage ratio was 251.88%[8]. - The non-performing loan ratio improved to 1.21%, down by 0.17 percentage points from the end of the previous year[24]. - The loan loss provisions amounted to RMB 11.43 billion, an increase of RMB 1.31 billion compared to the beginning of the year, with a coverage ratio of 251.88%, up by 40.69 percentage points[98]. - The overdue loans totaled RMB 9.66 billion, representing 2.57% of the total customer loans, a decrease of 0.40 percentage points from the end of 2022[91]. - The group’s total non-performing loans as of June 30, 2023, were RMB 4.56 billion, with a non-performing loan ratio of 1.21%[88]. Capital Adequacy and Risk Management - The capital adequacy ratio stood at 12.50%, with the core tier 1 capital ratio at 9.38% as of June 30, 2023[24]. - The core Tier 1 capital adequacy ratio is 9.38%, down 0.14 percentage points from the end of the previous year[148]. - The total capital adequacy ratio stands at 12.50%, reflecting a decline of 0.22 percentage points from the previous year-end[148]. - The bank's leverage ratio is 6.76% as of June 30, 2023, meeting regulatory requirements[150]. - The bank's liquidity coverage ratio as of June 30, 2023, was 255.37%, exceeding regulatory requirements, with high-quality liquid assets amounting to RMB 128.15 billion[138]. Strategic Initiatives and Support for Economy - The bank has actively supported the Chengdu-Chongqing economic circle and provided over RMB 70 billion in credit support to modern manufacturing industry clusters[8]. - The bank's "Two Increases" loans grew by RMB 4 billion compared to the end of the previous year, reflecting a strong focus on serving the real economy[8]. - The company provided credit support exceeding RMB 70 billion to the dual-city economic circle, focusing on major projects in infrastructure and industrial parks[105]. - The company supported over 2,500 enterprises with loan support exceeding RMB 50 billion, targeting key industrial clusters in the region[105]. - The bank's strategy includes expanding services to rural areas and supporting small and micro enterprises[126]. Digital Transformation and Innovation - The bank's digital payment services improved, integrating mobile payment features to enhance customer experience and increase transaction volume[110]. - The bank successfully launched its first cross-border e-commerce bulk financing business, marking the first foreign trade "Yumao Loan" in Chongqing, with a focus on quality cross-border e-commerce enterprises[115]. - The bank's wealth management product offerings were diversified, enhancing the marketing service system and improving customer service quality[110]. - The bank's digital asset construction has accelerated, with over 32,000 high-value data assets cataloged for operational efficiency[117]. - The bank's internet banking corporate clients reached 38,800, with total transaction amounts of 339.78 billion yuan[120]. Regulatory Compliance and Governance - The company has committed to strictly comply with the regulations of the China Securities Regulatory Commission and the relevant rules of the stock exchange where the issuer is listed[168]. - The company has established a long-term compliance management mechanism to strengthen operational compliance and risk control[143]. - The company has received an administrative warning from the China Securities Regulatory Commission for violations related to fund sales, which has been rectified[192]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[183]. - The company has not experienced any criminal investigations or significant administrative penalties during the reporting period[192].