Shanghai Bank's 2023 Half Year Report: Stable Operating Performance and Moderate Reduction in Non Performing Rate Financial | Loans | Shanghai Bank

Release time:Apr 15, 2024 12:47 PM

On the evening of August 25th, Shanghai Bank released its 2023 semi annual report. In 2023, Shanghai Bank has always adhered to strategic leadership, improved the quality and efficiency of serving the real economy, continuously strengthened support for serving the real economy, accelerated characteristic cultivation, and comprehensively considered various goals such as scale growth, structural optimization, profit improvement, and risk management. Gradually, it has formed the characteristics of "inclusive finance, green finance, livelihood finance, science and technology innovation finance, supply chain finance, and cross-border finance" and the linkage between commercial and investment banks, creating operational advantages in pension finance, wealth management, consumer finance, and basic retail, and continuously promoting high-quality development.

Maintain stable business performance

At the end of June 2023, the total assets of Bank of Shanghai amounted to 3033.46 billion yuan, an increase of 5.37% compared to the end of the previous year; Continuously optimizing the credit structure, increasing investment in key areas such as inclusive finance, green finance, science and technology innovation finance, supply chain finance, and manufacturing. As of the end of June 2023, the total amount of customer loans and advances was 1359.139 billion yuan, an increase of 4.18% compared to the end of the previous year; Focusing on deposit expansion, deepening customer operations, and enhancing comprehensive financial service capabilities, the total deposit amount as of June 2023 was 1635.792 billion yuan, an increase of 4.09% compared to the end of the previous year.

According to the semi annual report, the bank achieved a revenue of 26.36 billion yuan in the first half of 2023; Realized a net profit attributable to shareholders of the parent company of 12.835 billion yuan, a year-on-year increase of 1.27%; Basic earnings per share were 0.90 yuan, a year-on-year increase of 1.12%. At the end of June 2023, the net assets attributable to the shareholders of the parent company were 228.378 billion yuan, an increase of 3.31% compared to the end of the previous year.

The asset quality is showing a positive trend. Since 2023, Bank of Shanghai has continuously optimized its credit risk management target system, improved its asset quality control mechanism, strengthened its control over various business lines, major assets, and key products, and continuously increased efforts to resolve and dispose of non-performing assets, resulting in stable and improving asset quality. At the end of June 2023, the non-performing loan ratio was 1.22%, a decrease of 0.03 percentage points from the end of the previous year; The provision coverage rate is 284.54%, maintaining a high level.

Adequate capital level. Shanghai Bank continues to strengthen capital management, improve capital management mechanisms, strengthen capital budgeting and risk weighted asset limit management, optimize the economic capital management system, and improve capital utilization efficiency. At the end of June 2023, the capital adequacy ratio was 13.06%, the Tier 1 capital adequacy ratio was 10.07%, and the core Tier 1 capital adequacy ratio was 9.16%, all of which met regulatory requirements and our own planning goals.

Increase efforts to serve the real economy

Since 2023, Shanghai Bank has actively responded to the national major regional development strategy, continuously integrated into the construction of Shanghai's "three major tasks and one major platform", served Shanghai's "north-south transformation" strategy, deeply cultivated key regions such as the Yangtze River Delta, Guangdong Hong Kong Macao, Beijing Tianjin Hebei, and served the overall development of the country and regional economy. At the end of June 2023, the total number of corporate clients in the bank was 28900, an increase of 7600 or 2.79% compared to the end of the previous year; The balance of RMB corporate loans and advances was 792.008 billion yuan, an increase of 69.888 billion yuan or 9.68% compared to the end of the previous year. Increase investment in key areas. In the first half of 2023, the amount of inclusive loans, green loans, technology enterprise loans, and online supply chain finance credit support increased by 49.58%, 24.35%, 12.44%, and 118.27% year-on-year, respectively.

Adhere to the original intention of inclusive finance, firmly adhere to the development strategy of inclusive finance, and continuously improve the quality and efficiency of financial services for small and micro enterprises. Continuously building a "small and micro fast loan" product system, adding factory mortgage loans based on manufacturing parks, and providing medium - and long-term credit support for small and micro manufacturing enterprises; Focusing on breakthroughs in credit fast loan products, continuously exploring the integration of multi-dimensional data types, researching and launching credit fast loan products that adapt to various business data of customers. At the end of June 2023, the number of Shanghai Bank's inclusive loan customers was 334600, an increase of 33.91% compared to the end of the previous year; The loan balance was 124.19 billion yuan, an increase of 15.94% compared to the end of the previous year under the same caliber; In the first half of 2023, the loan disbursement amount was 69.297 billion yuan, a year-on-year increase of 49.58% for the same caliber.

Adhering to the central government's "dual carbon" strategic decision-making and deployment, as well as Shanghai's "green and low-carbon new track" industrial development plan, we continuously strengthen the leadership of green finance strategy, release annual environmental information disclosure reports, and continuously improve the quality and efficiency of green finance services around professional operation, channel construction, product innovation, and other aspects. In the first half of 2023, the amount of green loans issued by Shanghai Bank was 43.845 billion yuan, a year-on-year increase of 8.587 billion yuan, a growth rate of 24.35%; The underwriting scale of green debt financing tools is 2.52 billion yuan, ranking first among urban commercial banks. At the end of June 2023, the balance of green loans was 88.956 billion yuan, an increase of 23.586 billion yuan or 36.08% compared to the end of the previous year; The balance of green bond investment was 17.563 billion yuan, an increase of 6.146 billion yuan or 53.83% compared to the end of the previous year; The number of green loan customers was 2357, an increase of 1087 compared to the end of the previous year, with an increase of 85.59%.

Continuously implement the "innovation driven" strategy of the 14th Five Year Plan and the requirements of the 20th National Congress of the Communist Party of China for the development of science and technology, education, and talent, and support the development of technology-based enterprises such as specialized, refined, innovative, and high-tech enterprises. Supporting the development of hardcore technology enterprises will be a key goal of promoting science and technology innovation finance, and upgrading professional services in science and technology innovation finance will be promoted through institutional innovation, product innovation, and team building. At the end of June 2023, the balance of technology enterprise loans from Bank of Shanghai was 130.461 billion yuan, an increase of 25.60% compared to the end of the previous year. In the "Top 100 Shanghai Hardcore Technology Enterprises in 2023" released at the Shanghai Industrial Technology Innovation Conference, the bank's service enterprises cover more than half.

Shanghai Bank actively responds to national policy guidance, focusing on supporting industries that comply with national industrial policies and structural adjustment and upgrading guidance, and deeply integrating advanced manufacturing and modern service industries. At the end of June 2023, the balance of manufacturing loans under the Shanghai Bank Group's caliber was 81.603 billion yuan, an increase of 12.728 billion yuan or 18.48% compared to the end of the previous year. The proportion of manufacturing loans increased by 0.72 percentage points compared to the end of the previous year.

Finance empowers people with a better life

Shanghai Bank connects with regional economic development, actively grasps the new trends and demands of residents in the location of its operating institutions for a better life, meets customers' comprehensive and multi-level financial needs in areas such as pension finance, wealth management, and consumer finance, and promotes high-quality development of retail business.

Shanghai Bank adheres to the strategic goal of being an expert in elderly care financial services for urban residents, actively responds to the national call to do a good job in the new era of elderly care, always puts customers at the center, and is committed to becoming a leading elderly friendly financial service institution. It adheres to the development concept of specialization and branding, and empowers technology to improve the level of elderly care financial services. At the end of June 2023, the bank had 1.5789 million pension clients, maintaining the top share of pension clients in the Shanghai region; Personal deposits of pension clients amounted to 274.338 billion yuan, an increase of 27.055 billion yuan or 10.94% compared to the end of the previous year. The AUM of pension customers is 447.545 billion yuan, accounting for 47.19% of the AUM of retail customers, an increase of 0.23 percentage points from the end of last year; The per capita AUM of pension clients is 283500 yuan, an increase of 0.11% compared to the end of the previous year. In the first half of 2023, the number of pension payments exceeded 11 million, continuing to be the highest in the Shanghai region.

Continuously improving elderly care financial services. Focusing on the practical needs of elderly customers, we will launch "dedicated personnel, special edition, and dedicated line" financial services, upgrade and optimize the characteristics of elderly service channels offline, and establish and expand "Beautiful Life Studio" to provide extended services; Continuously building a mobile banking "Better Life" section online to enhance the manual service capabilities and efficiency of the 95594 "Elderly Respecting Hotline"; Continuously practicing the social responsibility of serving the elderly, the "Better Life in Community Activity" was carried out approximately 500 times throughout the year, serving nearly 10000 elderly people; Collaborate closely with the government, actively participate in "elderly care" projects, and continue to help elderly people bridge the "digital divide" and jointly build an aging friendly society.

Seize the critical period of upgrading and transforming wealth management, actively seize new opportunities in the industry, identify the sustainable development points of business, start from customer needs, balance the "four wheel drive" of scale and value, risk and return, explore key businesses to promote asset allocation of customers, optimize user experience through digital transformation, and accompany customers throughout the entire process to enhance their happiness and sense of gain in wealth management. In the first half of 2023, we achieved a wealth management intermediary business income of 799 million yuan, with a continuous increase in year-on-year growth compared to the first quarter. Among them, the income from personal insurance agency fees increased by 100.62% year-on-year, becoming the core engine of wealth management intermediary business growth.

Consumer finance has increased credit support in key areas, accelerated the allocation of high-quality assets, and adhered to the positioning of "housing for living, not for speculation" to serve the reasonable demand of residents for purchasing houses. In the first half of 2023, the allocation of housing mortgage loans was 17.024 billion yuan, a year-on-year increase of 21.94%. As of the end of June, the loan balance was 163.951 billion yuan, which was basically the same as the end of last year. Among them, the balance of housing mortgage loans in Shanghai was 69.503 billion yuan, an increase of 4.96% compared to the end of last year, and the market share in Shanghai was 4.27%, an increase of 0.28 percentage points compared to the end of last year. Deeply cultivate the field of scenario consumer finance, continue to create distinctive automotive financial services, and increase the investment of new energy vehicle loans. At the end of June 2023, the balance of consumer loans for new energy vehicles was 7.035 billion yuan, an increase of 79.45% compared to the end of the previous year. Actively responding to the national call to promote consumer recovery, continuously optimizing the online experience of "Xinyi Loan" products, and expanding customer service through offline and online channels. In the first half of 2023, a total of 23300 online customers were served, with a cumulative credit limit of 979 million yuan.

【 Quick News 】 SAIC Releases Half Year Report with Double Growth in Revenue and Net Profit

SAIC Group released its 2023 semi annual report today. In the first half of this year, the company achieved wholesale sales of 2.072 million vehicles and terminal retail sales of 2.237 million vehicles, continuing to maintain its leading position in the domestic industry, and monthly sales continued to grow month on month. Sales in the second quarter increased by 32.5% compared to the first quarter, outperforming the overall market growth rate. In the first half of the year, SAIC's overseas sales reached 533000 vehicles, continuing to lead the industry; The sales of new energy vehicles reached 372000 units, ranking second among Chinese car companies and maintaining a "month on month continuous increase" since January. During the reporting period, the company achieved a combined total operating revenue of 326.55 billion yuan, a year-on-year increase of 3.34%, and a net profit attributable to shareholders of the listed company of 7.09 billion yuan, a year-on-year increase of 2.54%, by optimizing its structure, reducing costs and increasing efficiency.

SAIC Maxus, in collaboration with the Wuxi government, provides subsidies for purchasing "StarCraft" pickup trucks to benefit the public

"The golden mountain is slowly flowing, and the tin water is devoid of vegetation and spring". The scenery of the Taihu Lake Lake is picturesque, and the scenery of lakes and mountains is intoxicating. Wuxi, known as the "Pearl of the Taihu Lake Lake", is not only home to many famous literati, but also an important economic center in eastern China, with developed industry and commerce. Since the lifting of the local pickup truck ban last year and the official implementation of the Wuxi Service Integration into the Shanghai Metropolitan Area Action Plan this year, the Wuxi pickup truck market has ushered in new opportunities for development. Diversified lifestyles such as mountain running, fishing, skiing, and camping have emerged, injecting fresh vitality into the local pickup truck life. On August 12th, the StarCraft pickup truck was heavily launched in Wuxi, shining in the East China region with its hardcore quality. At the delivery ceremony, the first batch of interstellar pickup truck owners also officially picked up their beloved cars, taking the lead in embarking on a "interstellar" journey. On site by SAIC Maxus MA

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After retiring, Gong Aihua, a resident of Yingzhong Community, no longer had the usual busyness and often went to the community center to participate in various activities. "I click on 'Happiness Cloud' on my phone every day to check out the announcements and activities in the community. You can sign up and participate anytime, anywhere. 'As Aunt Gong said,' Happiness Cloud 'is an information-based system created by Qingpu for community workers and residents - the' Happiness Cloud 'smart community panoramic application system.". This "cloud" is positioned as the sinking of "One Network Management", the expansion of "One Network Service", and the strengthening of "Community Cloud". It has built five subsystems with "Community Governance Theme Data Warehouse" as the core, "Full Element Management System", "Fully Automatic Office", "Panoramic Service System", "Universal Governance System", and "Fully Aggregated" One Network Management "System"

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Viewpoint

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