[ET Net News Agency, 21 August 2017] Shengjing Bank (02066) said its net profit
attributable to equity shareholders for the six months ended 30 June 2017 dropped 3%
year-on-year to Rmb3,507 million.
Basic and diluted earnings per share were Rmb0.6.
Net interest income amounted to Rmb5,469.5 million, a decrease of 15.7% from a year
earlier. Net interest spread of the bank decreased by 0.43 percentage points from 1.85%
for the first half of 2016 to 1.42% of the first half of 2017, and the net interest margin
decreased by 0.44 percentage point from 1.97% for the first half of 2016 to 1.53% for the
first half of 2017, primarily due to the decrease of the average yield on assets and the
increase of the average interest rate of interest-bearing liabilities.
As at 30 June 2017, the bank's non-performing loan ratio was 1.53%, a decrease of 0.44
percentage point as compared to that as at 31 December 2016. The bank's core Tier-one
capital adequacy ratio and Tier-one capital adequacy ratio were both 9.21%, increased by
0.11 percentage point from the end of the previous year; the capital adequacy ratio was
12.1%, increased by 0.11 percentage point from the end of the previous year.
No interim dividend will be distributed. (HL)