Postbank (601658.SH) announced semi-annual results, net profit of 48.815 billion yuan, a year-on-year decrease of 1.51%

According to the Zhitong Finance App, Postbank (601658.SH) disclosed its 2024 semi-annual report. During the reporting period, the company achieved revenue of 176.789 billion yuan, a year-on-year decrease of 0.11%; net profit to mother of 48,815 billion yuan, a year-on-year decrease of 1.51%; deducted non-net profit of 48.686 billion yuan, a year-on-year decrease of 1.65%; and basic earnings per share of 0.44 yuan. It is proposed to distribute RMB 2.61 (tax included) for every 10 shares.

The scale of the business grew steadily. The bank is based on resource endowments and accurately serves the real economy. By the end of the reporting period, total assets exceeded 16 trillion yuan, reaching 16.41 trillion yuan, an increase of 4.37% over the end of the previous year; of these, total customer loans amounted to 8.66 trillion yuan, an increase of 6.26% over the end of the previous year. Total liabilities reached 15.41 trillion yuan, up 4.31% from the end of the previous year; of these, customer deposits were 14.87 trillion yuan, up 6.51% from the end of the previous year.

Operating income has remained stable. The bank coordinates total volume, structure and efficiency, strengthens active management of interest spreads, optimizes the allocation of non-interest assets, and strives to enhance comprehensive income. During the reporting period, revenue of 176.789 billion yuan was achieved, a slight decrease of 0.11% over the previous year. Among them, net interest income was 142,876 billion yuan, up 1.83% year on year, and the net interest spread was 1.91%, maintaining the industry's superior level; other net non-interest income was 18.752 billion yuan, up 1.54% year on year, and the contribution of non-interest income was stable.

Asset quality continues to be stable. The bank coordinates development and safety, adheres to steady and prudent management, further promotes the digital and intensive transformation of risk management, continuously optimizes a “comprehensive, full, and full staff” comprehensive risk management system, focuses on preventing and controlling risks in key areas, increasing the collection and disposal of non-performing assets, and effectively preventing and mitigating financial risks. By the end of the reporting period, the non-performing loan ratio was 0.84%, and the provision coverage rate was 325.61%, which is at an excellent level in the industry.