Qingnong Commercial Bank (002958.SZ) announced first-half results, net profit of 2,028 billion yuan, an increase of 7.21%

According to the Zhitong Finance App, Qingnong Commercial Bank (002958.SZ) released its 2024 semi-annual report. The company's revenue was 5.859 billion yuan, an increase of 4.75% over the previous year. Net profit attributable to shareholders of listed companies was 2,028 billion yuan, an increase of 7.21% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was $1,949 million, an increase of 11.20% over the previous year. Basic earnings per share were $0.34.

By the end of June, the bank's total assets were 475.405 billion yuan, an increase of 7.469 billion yuan, an increase of 1.60%; total loans and advances issued were 26.844 billion yuan, an increase of 5.0 billion yuan over the beginning of the year, an increase of 1.95%; and the balance absorbed deposits was RMB 310.852 billion, an increase of 5.313 billion yuan, an increase of 1.74% over the beginning of the year.

By the end of June, the bank's credit had supported 527 new agricultural operators, with a loan balance of 1,764 billion yuan; achieved an inclusive small and micro loan balance of 48.676 billion yuan (excluding bill discounting and rediscounting) and 54,500 inclusive small and micro loan customers, achieving the goal of “two increases”; and built a full-chain, diversified green product service system, with a green loan balance of 13.450 billion yuan, an increase of 2,649 billion yuan over the beginning of the year.