ICBC is China's most profitable company in the first half of net earnings 84.6 billion

Earnings from ICBC and Bank of China today showed that the results of the first half of this year continued to maintain a high growth rate. Among them, ICBC continued to be the "China's most profitable company."　　Up to now, the total net profit of 12 banks including Everbright Bank has reached 283.3 billion yuan in the first half. 12 Banks net profit of 283.3 billion yuan ICBC net earnings of the first half of 2010, ICBC realized the first half of the business income of 181.708 billion yuan, the year-on-year growth of 22.5%; The net profit attributable to the parent company was 84.603 billion yuan, which grew 27.6%　　Earnings per share of 0.25 yuan, an increase of 25%. Specifically, the contribution of interest income significantly increased. In the first half of 2010, ICBC's interest income was 149.722 billion yuan, an increase of 8.9%.　　Non-interest income is only 38.396 billion yuan, but the fee and commission income increases by 33%. ICBC's interest income growth benefited from the growth of asset-bearing assets and the rebound in net interest rates. The report showed that ICBC's new loan 625.758 billion yuan last year, an increase of more than 10%. Over the same period, interest income on client loans and advances increased by 8.9% to 149.722 billion yuan Year-on-year.　　Meanwhile, in the first half, ICBC net interest margin and net interest yield were 2.28% and 2.37% respectively, up 15 basis points and 12 basis points respectively.　　Galaxy Securities is expected, ICBC 2010 attributable to the parent company's shareholders net profit growth rate of 17.8%, reached 151.5 billion yuan.　　BOC to reduce European five-country bonds 3.6 billion yuan the Chinese newspaper, a large state-owned bank, today reported that the bank's total assets were close to 10 trillion yuan, achieving a profit of 52.022 billion yuan for shareholders, up to 26.87% per cent.　　It is noteworthy that, as at the end of June, BOC held the U.S. "two-room" debt of the book value of 819 million U.S. dollars, the holding of Portugal, Ireland, Italy, Greece and Spain and other European institutions of various types of corporate bonds of 3.395 billion yuan, which means that the first half of this year, the Bank of Analysts point of view in the second half of the bank performance growth or narrowing at present, in addition to Agricultural Bank and other four, 16 listed banks have 12 published in the report, the cumulative realization of net profit of 283.313 billion yuan, of which, ICBC accounted for to 29.86%.　　In terms of net profit growth, the performance growth of Societe Generale, Citic Bank, Nanjing Bank and China Merchants Bank increased by more than 40%.　　Lin, Bank of China International Research Institute, said that from the disclosure of the situation, the banks spreads have increased, mainly because of the structure of asset size adjustment and deposit pricing and demand, at the same time, the fee revenue in the financial services, agent business driven by the rapid growth. But the newspaper also showed some negative factors. If capital is consumed more quickly, some banks will still be considering financing next year; future spreads are narrowing and the rate of fees growth is likely to fall. Therefore, the bank's long-termThe expansion of profitability mainly depends on the adjustment of the asset structure, such as SME loans and the rise in the proportion of non housing loans, but structural adjustment will often bring about increased risk. Lin that the most important factor affecting banks in the future is monetary policy under inflation, especially interest rate policy.　　If it is a symmetrical rate hike and the current interest rate unchanged, 2010 years of net profit is expected to rise 3.7%, asymmetric interest rate increase in 2010 years of net profit will fall by 1.8%. However, Guotai Analyst Qin Peak pointed out that the entire banking sector net profit growth of 2010 is expected to be more than 18%, 2011 up to 15%.　　As a result, he said, the margin of security for bank stocks was higher and the decline was limited. PetroChina on the half earn 65.33 billion yuan (reporter Xu Haishing) in the oil yesterday released its semi-annual results show that as of June 30, 2010, six months attributable to the shareholder net profit of about 65.33 billion yuan, the year-on-year growth of 29.4%, Achieve a basic profit per share of 0.36 yuan, an increase of 0.08 yuan per share dividend of 0.16063 yuan (including tax).　　However, yesterday, PetroChina in a A-share market performance flat, reported 10.24 Yuan, a modest rise of 0.1%.　　Oil growth in recent years the highest exploration and production sector has again become the pillar of PetroChina, benefiting from the high volatility of international oil prices, PetroChina again earned a smile.　　PetroChina semi-annual report showed that the first half of the total production of crude oil 425 million barrels, an increase of 1.7%, output growth in recent years is the largest, the average crude oil price of 72.4 U.S. dollars/barrel, up 70.6%; the exploration and production sector realized operating profit of 73.37 billion yuan, up 94.9% from a year earlier.　　In the refining sector, affected by the rise in crude oil prices, refining profit space narrowed, refining and chemical industry sector to achieve operating profit of 5.46 billion yuan, down 68.3% year-on-year.　　In the natural gas and pipeline sector, PetroChina achieved operating profit of 11.22 billion yuan, an increase of 13.7% from a year earlier. Analyst point of view oil industry analysts told reporters that PetroChina's performance on the quarter-on-quarter growth in anticipation, oil prices remain high volatility this year, become the backbone of PetroChina's profits. It is noteworthy that, although the oil refining sector due to the changes in the national pricing mechanism, has a higher profit margins, but the oil refining sector profits still fell sharply.