Deep development net profit growth 31%

August 24, Shenzhen Development Bank Co., Ltd. (hereinafter called Deep Development) released the first half of the 2010 performance report.　　To the end of June, the net profit of 3.033 billion yuan, an increase of 31%, the basic earnings per share of 0.98 yuan, an increase of 31%. The report shows that in the first half, the bank through robust growth and structural management, to achieve operating income of 8.496 billion yuan, an increase of 13%.　　Among them, the net interest income of 7.409 billion yuan, an increase of 16%, accounting for 87.2% of operating income, up 2.2% from a year earlier.　　Intermediary business revenue significantly increased, agent, trusteeship and other business growth, the first half of the total median business income of 330 million yuan, more than last year's intermediary business net income of 80. In the first half, sales of banking products amounted to 33.7 billion yuan, up 427% from a year earlier, and personal precious metals trading amounted to 2.1 billion yuan, up 274% from a year earlier. At the same time, the sales of agency funds and insurance have multiplied, with the sales of non-monetary funds reaching 1.89 billion, 2.9 times times the same period last year; insurance sales amounted to 950 million yuan, 2.8 times times the same period last year.　　In the first half of this year, the new trust business scale of 27.17 billion yuan, the realization of the custodian fee income of 6.767 million yuan. Through the directional issue of the Ping an life insurance company of China, raise RMB 6.931 billion yuan to supplement the bank's core capital.　　As at June 30, 2010, the bank's capital adequacy ratio and core capital adequacy ratios were 10.41% and 7.2% respectively, up 1.53 and 1.68% from the beginning of the year.　　In the first half of the year, non-performing loans achieved a double dip, of which the balance of non-performing loans was $2.292 billion, which was reduced by 152 million yuan at the beginning of 6.2%, and the non-performing loan ratio reached 0.61%, down 0.07% from the beginning of the year. As at June 30, 2010, the depth of development amounted to $624.4 billion, which grew by 6% over a year earlier, to 15%. The total amount of loans (including discounting) amounted to $373.6 billion, which grew by 4% over a year earlier to 9%. The total deposit amounted to $506 billion, which grew by 11% over a year earlier and 21% in the same period. In the first half of 2010, the new loans were mainly in manufacturing, commercial and other (mainly for a loan), adding 11.795 billion yuan, 8.56 billion yuan and 11.502 billion yuan, respectively, to more than 60% of the total loans.　　Discounting was reduced by 24.938 billion yuan at the beginning of the year, down 55.07%. During the reporting period, the loan balance of the government financing platform was about 58.7 billion yuan, which accounted for 16% of the loans in the whole bank. Mainly to the municipal level (including the city, provincial and national) government financing platform, urban investment and construction companies and transport-type government investment and financing platform. At present, there are no overdue and bad conditions in such loans.