China Construction Bank (601939.SH) announced first-half results, net profit of 164.326 billion yuan, down 1.8% year on year

Zhitong Finance App News, China Construction Bank (601939.SH) released its 2024 semi-annual report. The company's revenue was 385.965 billion yuan, down 3.57% year on year; net profit attributable to the company's shareholders was 164.326 billion yuan, down 1.80% year on year; net profit attributable to the company's shareholders after deducting non-recurring profit and loss was 164.334 billion yuan, down 1.67% year on year; basic earnings per share were 0.66 yuan. The board of directors proposed an interim cash dividend of RMB 0.197 per share (tax included) for 2024 to all shareholders.

In the first half of the year, the Group insisted on overseeing the overall situation with high-quality development, resolutely serving the real economy and the ballast stone for maintaining financial stability, efficiently coordinating scale, structure, benefits and risks, and operating smoothly and in an orderly manner. The Group's total assets were RMB 40.29 trillion, an increase of 5.14%; of these, net loans and advances amounted to RMB 24.63 trillion, an increase of 6.70%. The total debt was 37.04 trillion yuan, an increase of 5.37%; of this, deposits were absorbed 28.71 trillion yuan, an increase of 3.81%. Achieved operating income of 385.965 billion yuan and net profit of 165.039 billion yuan. The annualized average return on assets is 0.84%, the annualized weighted average return on net assets is 10.82%, the cost-to-income ratio is 24.04%, the capital adequacy ratio is 19.25%, and the non-performing loan ratio is 1.35%.