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Bank of Shanghai’s 2023 semi-annual report: operating performance remains stable

Bank of Shanghai’s 2023 semi-annual report: operating performance remains stable


On the evening of August 25, Bank of Shanghai (stock code: 601229) released its 2023 semi-annual report. In 2023, Bank of Shanghai will always adhere to strategic guidance, improve the quality and efficiency of serving the real economy, continue to strengthen support for serving the real economy, accelerate the cultivation of characteristics, and take into account various goals such as scale growth, structural optimization, profit improvement, and risk management, and gradually form a “Inclusive finance, green finance, people’s livelihood finance, science and technology innovation finance, supply chain finance, cross-border finance” and commercial investment bank linkage features, create operational advantages in pension finance, wealth management, consumer finance and basic retail, and continue to promote high-quality development .

Operating performance remains solid

At the end of June 2023, the total assets of Bank of Shanghai were 3,033.046 billion yuan, an increase of 5.37% compared with the end of the previous year; the credit structure was continuously optimized, and investment in key areas such as inclusive finance, green finance, science and technology innovation finance, supply chain finance, and manufacturing was increased. At the end of June 2023, the total amount of customer loans and advances was 1,359.139 billion yuan, an increase of 4.18% from the end of the previous year; focusing on deposit expansion, deepening customer management, and improving comprehensive financial service capabilities, the total deposits at the end of June 2023 were 1,635.792 billion yuan, an increase from the end of the previous year 4.09%.

In the first half of 2023, Bank of Shanghai achieved operating income of 26.36 billion yuan; realized 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 shareholders of the parent company were 228.378 billion yuan, an increase of 3.31% over the end of the previous year.

Asset quality showed a positive trend. Since 2023, Bank of Shanghai has continued to optimize the credit risk management target system, improve the asset quality management and control mechanism, and strengthen the management and control of various business lines, major assets, and key products. good. 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 ratio was 284.54%, maintaining a relatively high level.

Capital levels are adequate. Bank of Shanghai continues to strengthen capital management, improve capital management mechanism, strengthen capital budget and risk-weighted asset limit management, optimize economic capital management system, and improve capital utilization efficiency. At the end of June 2023, the capital adequacy ratio was 13.06%, the tier-one capital adequacy ratio was 10.07%, and the core tier-one capital adequacy ratio was 9.16%, all in line with regulatory requirements and its own planning goals.

Intensify efforts to serve the real economy

Since 2023, Bank of Shanghai has actively responded to the country’s major regional development strategies, continued to integrate into the construction of Shanghai’s “three major tasks and one major platform”, served Shanghai’s “North-South Transformation” strategy, and deeply cultivated key areas such as the Yangtze River Delta, Guangdong-Hong Kong-Macau, Beijing-Tianjin-Hebei, etc., serving The overall situation of national development and regional economy. At the end of June 2023, the total number of corporate customers was 280,900, an increase of 7,600 or 2.79% from 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 or 9.68% from 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-based enterprise loans and online supply chain financial credit support will increase by 49.58%, 24.35%, 12.44% and 118.27% year-on-year respectively.

Adhere to the original intention of inclusive finance, strengthen the development strategy of inclusive finance, and continuously improve the quality and efficiency of financial services for small and micro enterprises. Continue to build the “small and micro quick loan” product system, add factory mortgage loans based on manufacturing parks, and provide medium and long-term credit support for small and micro enterprises in the manufacturing industry; focus on breakthroughs in credit quick loan products, continue to explore and connect multi-dimensional data types, research And launched credit quick loan products that adapt to various business data of customers. At the end of June 2023, the number of inclusive loan customers of Bank of Shanghai was 334,600, an increase of 33.91% compared with the end of the previous year; the loan balance was 124.19 billion yuan, an increase of 15.94% compared with the end of the previous year; the loan amount in the first half of 2023 was 69.297 billion Yuan, a year-on-year increase of 49.58% on the same basis.

Closely follow the central government’s “dual carbon” strategic decision-making deployment and Shanghai’s “green and low-carbon new track” industrial development plan, continuously strengthen the leadership of green finance strategy, release the annual environmental information disclosure report, and focus on professional management, channel construction, product innovation, etc. Continue to improve the quality and efficiency of green financial services. In the first half of 2023, the Bank of Shanghai issued 43.845 billion yuan in green loans, a year-on-year increase of 8.587 billion yuan or 24.35%; the underwriting scale of green debt financing instruments was 2.52 billion yuan, ranking first among city 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% over 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% over the end of the previous year on the same basis; the number of green loan customers 2,357 households, an increase of 1,087 households or 85.59% over the end of the previous year.

Continue to 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 talents, and support the development of specialized, special, new, and high-tech enterprises. Supporting the development of hard-core technology companies will be the key goal of the promotion of science and technology innovation finance, and promote the upgrading of professional services of science and technology innovation finance through system innovation, product innovation, and team building. At the end of June 2023, the Bank of Shanghai’s technology-based enterprise loan balance was 130.461 billion yuan, an increase of 25.60% over the end of the previous year. In the “2023 Shanghai Hardcore Technology Enterprises Top 100 List Enterprises” released by the Shanghai Industrial Technology Innovation Conference, more than half of Shanghai Bank service enterprises are covered.

Bank of Shanghai actively responds to the national policy orientation, focuses on supporting industries that conform to the national industrial policy and structural adjustment and upgrading, and deeply integrates the advanced manufacturing industry with the modern service industry. At the end of June 2023, the Bank of Shanghai Group’s caliber manufacturing loan balance was 81.603 billion yuan, an increase of 12.728 billion yuan or 18.48% from the end of the previous year, and the proportion of manufacturing loans increased by 0.72 percentage points from the end of the previous year.

Finance empowers people to live a better life

In line with regional economic development, Bank of Shanghai actively grasps the new trends and new needs of residents in the places where the operating institutions are yearning for a better life, and meets the all-round and multi-level financial needs of customers from the fields of pension finance, wealth management, consumer finance, etc., and promotes the realization of retail business High-quality development.

Bank of Shanghai adheres to the strategic goal of “providing elderly care financial service experts for urban residents”, actively responds to the country’s call to do a good job in the work of aging in the new era, always takes customers as the center, and is committed to “becoming a leading age-friendly financial service institution”. , Brand development concept, technology empowerment to improve the level of pension financial services. At the end of June 2023, Bank of Shanghai had 1.5789 million pension customers, maintaining the top share of pension customers in Shanghai; personal deposits of pension customers were 274.338 billion yuan, an increase of 27.055 billion yuan or 10.94% over the end of the previous year. The AUM of pension customers was RMB 447.545 billion, accounting for 47.19% of the AUM of retail customers, an increase of 0.23 percentage points from the end of the previous year; the per capita AUM of pension customers was RMB 283,500, an increase of 0.11% from the end of the previous year. In the first half of 2023, more than 11 million pension payments will be issued on behalf of the pension, continuing to maintain the first place in Shanghai.

Continue to improve pension financial services. Focusing on the actual needs of elderly customers, the Bank launched financial services of “special person, special edition and dedicated line”, upgraded and optimized the characteristics of elderly service in outlets offline, set up and expanded the “beautiful life studio” to provide extended services; continued to build online mobile banking “beautiful life “Special version” to improve the human service capabilities and efficiency of the 95594 “Respecting the Elderly Exclusive Hotline”; continue to practice the social responsibility of serving the elderly, and carry out about 500 “beautiful life in the community activities” throughout the year, serving nearly 10,000 elderly groups; cooperate with the government Cooperate closely, actively participate in the “Benefit for the Elderly” project, continue to help the elderly bridge the “digital divide”, and jointly build an age-friendly society.

Grasp the critical period of wealth management upgrading and transformation, actively grasp new opportunities in the industry, identify the point of continuous business development, start from customer needs, take into account the “four-wheel drive” of scale and value, risk and return, and develop key businesses to promote assets Configure customers, optimize user experience with digital transformation, and enhance customers’ sense of happiness and gain in wealth management with full-process companionship. In the first half of 2023, the intermediary business income of wealth management was 799 million yuan, and the year-on-year increase continued to increase from the first quarter. Among them, the agency personal insurance fee income increased by 100.62% year-on-year, becoming the core engine of wealth management intermediary income growth.

Consumer finance increased credit support in key areas, accelerated the investment of high-quality assets, and adhered to the premise of “housing to live in, not speculation” to serve residents’ reasonable demand for housing purchases. In the first half of 2023, housing mortgage loans were 17.024 billion yuan, a year-on-year increase of 21.94%, 6 The loan balance at the end of the month was 163.951 billion yuan, which was basically the same as that at the end of the previous year. Among them, the balance of housing mortgage loans in Shanghai was 69.503 billion yuan, an increase of 4.96% from the end of the previous year, and the market share in Shanghai was 4.27%, an increase of 0.28 percentage points from the end of the previous year. Deeply cultivate the field of scene consumer finance, continue to create the characteristics of auto financial services, and increase the loan of new energy vehicles. 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% over the end of the previous year. Actively responding to the country’s call to promote consumption recovery, continuously optimize the online “Xinyi Loan” product experience, and rely on the connection between offline and online channels to expand customer service coverage. In the first half of 2023, a total of 23,300 online customers have been served, with a cumulative credit line of 979 million yuan.



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