中国民生银行股份有限公司2024年中期财务报告

CHINA MINSHENG BANKING CORP., LTD.(A joint stock company incorporated in the People’s Republic of China with limited liability)(Stock Code: 01988) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHSENDED 30 JUNE 2024 The Board of Directors (the “Board”) of China Minsheng Banking Corp., Ltd. (the “Bank”)hereby announces the unaudited results of the Bank and its subsidiaries for the six months ended30 June 2024. This announcement, containing the full text of the 2024 Interim Report of the Bank,complies with the relevant requirements of the Rules Governing the Listing of Securities on TheStock Exchange of Hong Kong Limited (the “SEHK”) in relation to information to accompanypreliminary announcements of interim results. Publication of Interim Results Announcement and Interim Report Thisresults announcement will be published on the HKEXnews website of the SEHK(www.hkexnews.hk) and the Bank’s website (www.cmbc.com.cn). The 2024 Interim Report of the Bank will be dispatched to holders of H shares and published onthe website of the Bank and the HKEXnews website of the SEHK in due course. By Order of the BoardCHINA MINSHENG BANKING CORP., LTD.GAO YingxinChairman Beijing, PRC29 August 2024 As at the date of this announcement, the Executive Directors of the Bank are Mr. GAO Yingxin,Mr. WANG Xiaoyong and Mr. ZHANG Juntong; the Non-Executive Directors are Mr. ZHANGHongwei, Mr. LIU Yonghao, Mr. SHI Yuzhu, Mr. SONG Chunfeng and Mr. ZHAO Peng; and theIndependent Non-Executive Directors are Mr. QU Xinjiu, Ms. WEN Qiuju, Mr. SONG Huanzheng,Mr. YEUNG Chi Wai, Jason, Mr. CHENG Fengchao and Mr. LIU Hanxing. IMPORTANT NOTICE The Board of Directors, the Board of Supervisors, and the Directors, Supervisors and SeniorManagement of the Bank warrant the truthfulness, accuracy and completeness of the contentsof this Interim Report and there are no misstatements, misleading representations or materialomissions in this Interim Report, and shall assume several and joint liability. This Interim Report was considered and approved on 29 August 2024 at the 3rd meeting of the9th session of the Board of Directors of the Bank. Of the 14 Directors who were entitled to attendthe meeting, 10 Directors attended the meeting in person, and 4 Directors participated in themeeting by teleconference or video conference. 6 Supervisors of the Bank attended the meeting asnon-voting delegates. The interim financial reports of the Bank were not audited. GAO Yingxin (Chairman), WANG Xiaoyong (President), LI Bin (person in charge of financeand accounting), and ZHANG Lanbo (person in charge of the accounting department) declare towarrant the truthfulness, accuracy and completeness of the financial reports included in this InterimReport. The interim profit distribution plan for 2024 was approved by the Board of Directors, pursuantto which, on the basis of the total number of shares of the Bank as at the record dates of profitdistribution, a cash dividend of RMB1.30 (tax inclusive) will be distributed to all shareholders ofthe Bank for every 10 shares held. The above profit distribution plan is subject to approval of theshareholders’ general meeting of the Bank. Unless otherwise specified, all amounts in this Interim Report are denominated in RMB. The forward-looking statements about matters such as future plans in this Interim Report do notconstitute substantive commitments of the Bank to the investors, and the investors and relatedpersons shall maintain sufficient risk awareness in this regard, and shall understand the differenceamong plans, forecasts and commitments. Material Risk Warning: The Bank has not found any material risks that will adversely affect theBank’s future development strategy and business objectives. The Bank has taken active measuresto effectively manage various risks. For details, please refer to the relevant contents under “Chapter3 Management Discussion and Analysis” of this Report. CONTENTS Important Notice2Contents3Definitions4Chapter 1Bank Profile5Chapter 2Summary of Accounting Data and Financial Indicators8Chapter 3Management Discussion and Analysis12I.Overview of Operations12II.Conditions of the Industry14III.Analysis of Major Items of Statement of Profit or Loss15IV.Analysis of Major Items of Statement of Financial Position25V.Qualitative Analysis of Loans32VI.Analysis of Capital Adequacy Ratio41VII.Liquidity Indicators43VIII. Segment Report44IX.Other Financial Information46X.Operational Concerns49XI.Review of Main Businesses53XII.Risk Management85XIII. Prospects96Chapter 4Changes in Share Capital and Information on Shareholders98Chapter 5Information on Preference Shares110Chapter 6Corporate Governance112Chapter 7Environmental and Social Responsibilities131Chapter 8Major Events133Financial Reports138 DEFINITIONS In this Report, unless the context otherwise requires, the following terms shall have the meaningsset out below. Bank, Company, ChinaMinsheng Bank, Minsheng BankChina Minsheng Banking Corp., Ltd.Groupthe Ba