如今，天津银行A股IPO辅导已长达十年，仍止步于"尚未取得部分外部批复"，而自2022年兰州银行上 市后，A股银行股上市通道持续遇冷，更让天津银行回A之路遥遥无期。在行业竞争加剧、监管趋严的 背景下，如何扭转业务短板、突破上市瓶颈，成为天津银行亟待解决的考题。 即将迈入"万亿俱乐部" 随着上市银行2025年中报季正式落幕，各家银行的上半年经营"成绩单"悉数亮相，国内城商行"万亿俱 乐部"的扩容窗口正悄然开启。作为天津区域金融发展的"生力军"，天津银行在此次中报中交出了颇具 看点的答卷。截至6月末，该行资产总额攀升至9656.75亿元，较上年末增长4.3%，距离万亿规模仅一步 之遥。 从行业排名来看，在A股、H股上市的共计30家城商行中，头部机构的规模优势依然显著。江苏银行以 4.79万亿元的资产总额稳居榜首，北京银行、宁波银行、上海银行等紧随其后，构成第一梯队。天津银 行此次位居第13位，处于同业中游水平。尽管与头部银行仍存在较大差距，但近年来该行通过持续拓展 业务版图、优化资产配置结构，资产规模与市场竞争力已实现稳步提升，成长轨迹清晰可见。 回顾近四年发展历程，天津银行的资产扩张呈现出"稳中有进、步幅稳健" ...

Core Viewpoint - The company is experiencing significant changes in its financial performance, with notable fluctuations in revenue and net profit growth rates over recent years, indicating potential challenges and opportunities in its operations [9][10][11]. Financial Performance - The company's revenue and net profit growth rates have shown a downward trend, with a revenue growth rate of -10.94% in 2021 and a slight recovery to 4.42% in 2023 [9]. - For the first half of 2025, the company reported a net profit margin of 2.91%, which is a decrease of 0.1 percentage points compared to the same period last year [17]. Revenue Composition - In the first half of 2025, the revenue composition was as follows: corporate banking business contributed 47.208 billion, personal banking business contributed 19.072 billion, and funding operations contributed 47.262 billion [10][13]. Cash Flow Analysis - The company reported a negative net cash flow from operating activities of -539.34 billion for the first half of 2025, while financing activities generated a positive cash flow of 355.43 billion [20]. Asset and Liability Changes - As of the first half of 2025, the company saw a significant increase in financial assets purchased under resale agreements, which rose by 65916.43%, while cash and cash equivalents decreased by 32.8% [25]. - The company's liabilities also changed, with bonds payable increasing by 34.37% and deposits from customers and interbank deposits rising by 0.98% [28]. Asset-Liability Ratio - The company's asset-liability ratio has been fluctuating, with the latest data indicating a ratio that is consistent with industry averages and medians [30].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 FF301 致：香港交易及結算所有限公司 公司名稱: 天津銀行股份有限公司 (「本行」) 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | | 其他類別 (請註明) | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,305,952,759 | RMB | | 1 RMB | | 4,305,952,759 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 4,305,952,759 | RMB | | 1 RMB | | 4,305,952,759 | | ...

BANK OF TIANJIN CO., LTD.* 天津銀行股份有限公司 * （於中華人民共和國註冊成立的股份有限公司） （股份代號：1578） 將於2025年9月25日（星期四）舉行的2025年第一次臨時股東會的代表委任表格 | | 特別決議案 | 贊成4 | 反對4 | 棄權4 | | --- | --- | --- | --- | --- | | 1. | 審議及批准關於不再設立監事會相關事項的議案。 | | | | | 2. | 審議及批准建議修訂公司章程。 | | | | | | 普通決議案 | 贊成4 | 反對4 | 棄權4 | | 3. | 審議及批准建議修訂股東會議事規則。 | | | | | 4. | 審議及批准建議修訂董事會議事規則。 | | | | | 5. | 審議及批准建議修訂董事工作津貼管理辦法。 | | | | 日期：2025年 簽署5 ： 附註： 1. 請填上以 閣下名稱登記與本代表委任表格有關的股份數目。如未有填上數目，則本代表委任表格將被視為與以 閣下名義登記的全部本行股份有關。另請填上與 本代表委任表格有關的相關股份類別（H股或內資股）。為根據監管規定釐定 閣下是否有權 ...

茲通告天津銀行股份有限公司*（「本行」）謹定於2025年9月25日（星期四）上午10 時00分假座天津銀行東樓辦公區（中國天津市河西區友誼路15號）舉行2025年第一次臨 時股東會（「臨時股東會」）。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 BANK OF TIANJIN CO., LTD.* 天津銀行股份有限公司 * （於中華人民共和國註冊成立的股份有限公司） （股份代號：1578） 2025年第一次臨時股東會通告 本行股東將於臨時股東會上審議及酌情批准下列決議案： 特別決議案 普通決議案 報告事項 1. 聽取本行主要股東2024年度依法履職和履約情況的評估報告。 承董事會命 天津銀行股份有限公司* 于建忠 董事長 中國天津 2025年9月3日 – 1 – 1. 審議及批准關於不再設立監事會相關事項的議案。 2. 審議及批准建議修訂公司章程。 3. 審議及批准建議修訂股東會議事規則。 4. 審議及批准建議修訂董事會議事規則。 5. 審議及批 ...

此乃要件 請即處理 如 閣下對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券商、銀 行經理、律師、專業會計師或其他專業顧問。 如 閣下已出售或轉讓名下所有天津銀行股份有限公司股份，應立即將本通函連同代表委任表格交給買方 或承讓人，或送交經手買賣或轉讓的銀行、持牌股票經紀或其他代理商，以便轉交買方或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本通函全部或任何部份內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 BANK OF TIANJIN CO., LTD.* 天津銀行股份有限公司 * （於中華人民共和國註冊成立的股份有限公司） （股份代號：1578） 關於不再設立監事會相關事項的議案 建議修訂公司章程 建議修訂股東會議事規則 建議修訂董事會議事規則 建議修訂董事工作津貼管理辦法 及 2025年第一次臨時股東會通告 本行謹定於2025年9月25日（星期四）上午10時00分在天津銀行東樓辦公區（中國天津市河西區友誼路15 號）舉行2025年第一次臨時股東會，召開2025年第一次 ...

[Definitions](index=4&type=section&id=Definitions) This chapter provides key term definitions used in the interim report to ensure clarity and consistency, covering core financial, legal, regulatory, and operational vocabulary - "Reporting Period" refers to the six months ended June 30, 2025[6](index=6&type=chunk) - "The Bank" or "We" refers to Bank of Tianjin Co., Ltd., a joint-stock company incorporated in Tianjin, China on November 6, 1996, including its predecessors, subsidiaries, branches, and sub-branches[5](index=5&type=chunk) [Company Profile and Overview](index=6&type=section&id=Company%20Profile%20and%20Overview) Bank of Tianjin Co., Ltd. (Stock Code 1578) is a Hong Kong-listed bank headquartered in Tianjin, with a registered capital of **RMB 6.071 billion** and a broad network of 223 operating institutions and financial subsidiaries - As of the end of June 2025, the company's registered capital was **RMB 6.071 billion**[7](index=7&type=chunk) - The equity structure shows domestic corporate shares at **65.41%**, domestic natural person shares at **5.52%**, and H-shares at **29.07%**[7](index=7&type=chunk) - The Bank operates **223 business institutions** nationwide, including 1 business department, 7 first-tier branches, 6 second-tier branches, and 6 central sub-branches[7](index=7&type=chunk) - The Bank established Tianyin Financial Leasing Co., Ltd., invested in Tianjin Jingdong Consumer Finance Co., Ltd., and initiated **7 JinHui Village Banks** in Ningxia and Xinjiang autonomous regions[7](index=7&type=chunk) Key Financial Data for H1 2025 (Consolidated) | Indicator | H1 2025 (RMB) | Change from Year-End (%) | | :--- | :------------------- | :--------------- | | Total Assets | 965.67 billion | 4.3 | | Total Liabilities | 895.76 billion | 4.6 | | Operating Revenue | 8.83 billion | 0.8 | | Total Profit | 2.14 billion | 4.9 | | Net Profit | 2.01 billion | 1.6 | [Strategic Positioning and Corporate Culture](index=9&type=section&id=Strategic%20Positioning%20and%20Corporate%20Culture) Guided by national and local strategies, the Bank aims to become a modern, first-class regional bank, focusing on research and technology to enhance core competitiveness, ecosystem services, and capital returns, while upholding integrity and prudent risk management - Vision: To build a modern, first-class regional bank that satisfies the Municipal Party Committee, reassures regulators, earns social praise, delights shareholders, and makes employees proud[14](index=14&type=chunk)[18](index=18&type=chunk) - Development Path: Internally build development capabilities (enhance core competitiveness, strengthen endogenous capacity to serve the economy); externally build development resources (improve ecosystem services, expand external space to serve society); reconstruct development mechanisms (enhance value innovation efficiency, strengthen comprehensive capital returns)[15](index=15&type=chunk)[18](index=18&type=chunk) - Risk Philosophy: Adhere to "honesty and trustworthiness, not crossing the bottom line; seeking profit with integrity, not solely for gain; prudence and caution, not seeking quick success; upholding integrity and innovation, not deviating from reality; legal compliance, not acting recklessly"[18](index=18&type=chunk) - Risk Prevention: Uphold the "five boundaries" (political, regulatory, operational, legal, capability) to prevent the "five major risks" (political, strategic, ecological, capability, operational)[18](index=18&type=chunk) [Honors, Awards, and Major Media Coverage](index=11&type=section&id=Honors%2C%20Awards%2C%20and%20Major%20Media%20Coverage) The Bank's market recognition significantly improved during the reporting period, earning multiple industry awards and extensive coverage in authoritative media, highlighting its excellence in business development, risk management, and social responsibility [Honors and Awards](index=11&type=section&id=I.%20Honors%20and%20Awards) The Bank received numerous honors and awards during the reporting period, including ranking 185th in The Banker's Top 1000 World Banks and excelling in financial technology innovation, wealth management, and green finance - Ranked **185th** in The Banker's Top 1000 World Banks 2025[21](index=21&type=chunk) - Awarded the "High-Quality Belt and Road Co-construction Award" by the Export-Import Bank of China for the 2024 Financial Bond Underwriting Market-Making Group[21](index=21&type=chunk) - Recognized as a "Rural Revitalization Pioneer" by the Agricultural Development Bank of China for the 2024 Financial Bond Underwriting Market-Making Institutions[21](index=21&type=chunk) - Received the "Jian An Qun Xing Hui Comprehensive Five-Star Award" for Bank Wealth Management Managers in 2024[21](index=21&type=chunk) - Won the Sina Finance 2025 Golden Stone Award for "Excellent Case in FinTech Innovation Services"[22](index=22&type=chunk) - The "AI Compliance Officer" Digitalization Project was selected as a Digital Inclusive Finance Technology Innovation Achievement[22](index=22&type=chunk) [Major Media Coverage](index=13&type=section&id=II.%20Major%20Media%20Coverage) During the reporting period, the Bank's business development and operations received extensive attention from authoritative media, covering its active practices and significant achievements in inclusive finance, strategic transformation, and digital finance - CNR reported Bank of Tianjin's "Smart Inclusive Finance" exceeded **RMB 20 billion** in 2024, achieving remarkable results (January 15, 2025)[25](index=25&type=chunk) - Xinhua Net reported Bank of Tianjin's deployment of development "transition" (January 20, 2025)[25](index=25&type=chunk) - Xinhua Net reported Bank of Tianjin's focus on fostering new quality productive forces, launching a "27 measures + **RMB 200 billion** financing" package to empower high-quality development in Binhai New Area (February 13, 2025)[26](index=26&type=chunk) - Xinhua Finance reported Bank of Tianjin's 2024 annual results: total profit exceeded **RMB 4 billion**, with a proposed cash dividend of **RMB 1.368** per 10 shares (March 20, 2025)[26](index=26&type=chunk) - Shanghai Securities News and China Securities Net reported Bank of Tianjin's 2024 annual dividend yield reached **8.1%**, ranking 2nd among H-share listed banks (April 6, 2025)[28](index=28&type=chunk) - CNR reported the official launch of Bank of Tianjin's multi-language mobile banking "Smart Connect in China," empowering international event services with smart finance (May 2, 2025)[29](index=29&type=chunk) [Summary of Accounting Data and Financial Indicators](index=19&type=section&id=Summary%20of%20Accounting%20Data%20and%20Financial%20Indicators) This chapter outlines the Bank's accounting data and financial indicators for the six months ended June 30, 2025, showing stable asset quality, increased provisions, but a slight decrease in capital adequacy ratios Operating Performance Summary (Six Months Ended June 30) | Indicator | 2025 (RMB Thousand) | 2024 (RMB Thousand) | Change (%) | | :--- | :------------------ | :------------------ | :--------- | | Interest Income | 15,142,643 | 15,953,844 | (5.1) | | Interest Expense | (9,219,329) | (9,922,051) | (7.1) | | Net Interest Income | 5,923,314 | 6,031,793 | (1.8) | | Investment Income | 1,266,927 | 1,498,719 | (15.5) | | Net Fee and Commission Income | 788,838 | 1,079,397 | (26.9) | | Net Trading Gains/(Losses) | 710,664 | 212,680 | 234.1 | | Operating Revenue | 8,828,439 | 8,756,662 | 0.8 | | Operating Expenses | (2,070,128) | (2,024,516) | 2.3 | | Impairment Losses | (4,629,974) | (4,702,872) | (1.6) | | Profit Before Tax | 2,138,770 | 2,038,561 | 4.9 | | Profit for the Period | 2,008,360 | 1,975,791 | 1.6 | | Earnings Per Share (RMB) | 0.33 | 0.32 | 3.1 | Key Asset/Liability Indicators (As of Period End) | Indicator | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | Change (%) | | :--- | :-------------------------- | :-------------------------- | :--------- | | Total Assets | 965,674,631 | 925,993,655 | 4.3 | | Loans and Advances to Customers | 471,033,192 | 440,779,383 | 6.9 | | Total Liabilities | 895,758,652 | 856,583,512 | 4.6 | | Customer Deposits | 533,951,884 | 500,957,014 | 6.6 | | Equity Attributable to Equity Holders of the Bank | 69,043,443 | 68,547,411 | 0.7 | | Net Assets Per Share Attributable to Equity Holders of the Bank (RMB) | 11.37 | 11.29 | 0.7 | Profitability Indicators (Six Months Ended June 30) | Indicator | 2025 (%) | 2024 (%) | Change (Percentage Points) | | :--- | :--------- | :--------- | :------------ | | Return on Average Total Assets | 0.42 | 0.45 | (0.03) | | Return on Average Equity | 5.77 | 5.99 | (0.22) | | Net Interest Margin | 1.56 | 1.68 | (0.12) | | Net Interest Spread | 1.47 | 1.60 | (0.13) | | Net Fee and Commission Income as % of Operating Income | 8.94 | 12.33 | (3.39) | | Cost-to-Income Ratio | 22.10 | 21.79 | 0.31 | Asset Quality and Capital Adequacy Ratio Indicators (As of Period End) | Indicator | June 30, 2025 (%) | December 31, 2024 (%) | Change (Percentage Points) | | :--- | :---------------- | :---------------- | :------------ | | Non-Performing Loan Ratio | 1.70 | 1.70 | – | | Provision Coverage Ratio | 171.29 | 169.21 | 2.08 | | Loan Loss Provision Ratio | 2.91 | 2.87 | 0.04 | | Common Equity Tier 1 Capital Adequacy Ratio | 9.26 | 9.53 | (0.27) | | Tier 1 Capital Adequacy Ratio | 10.17 | 10.47 | (0.30) | | Capital Adequacy Ratio | 13.45 | 13.59 | (0.14) | [Management Discussion and Analysis](index=24&type=section&id=Management%20Discussion%20and%20Analysis) This chapter discusses the Bank's operating environment, financial performance, business development, capital adequacy, and risk management strategies for H1 2025, highlighting steady growth amidst complex economic conditions and strategic advancements [Financial Review](index=24&type=section&id=I.%20Financial%20Review) This section reviews the Bank's H1 2025 financial performance, including macroeconomic conditions, overall operations, income statement, and balance sheet analysis, noting stable growth, increased risk resilience, but declining net interest margins [Environment and Outlook](index=24&type=section&id=1.%20Environment%20and%20Outlook) In H1 2025, China's economy showed steady progress with new achievements in high-quality development, while the Bank plans to maintain stability and pursue new development concepts in the second half of the year - China's economy maintained steady progress, achieving new results in high-quality development, with active development of new quality productive forces and deepening reform and opening-up[41](index=41&type=chunk) - H2 work priorities: Adhere to seeking progress while maintaining stability, implement new development concepts, stabilize employment, enterprises, markets, and expectations, and achieve municipal government and board objectives[41](index=41&type=chunk) [Overall Operating Performance](index=24&type=section&id=2.%20Overall%20Operating%20Performance) In H1 2025, the Bank achieved steady overall operating performance, robust profitability, and reasonable asset-liability growth through its 'Dual Five Campaigns 2.0' and 'Five Major Articles' strategies, enhancing risk resilience and investment returns - Implemented "Dual Five Campaigns 2.0," comprising five major offensives ("risk resolution, revenue, cost, deposits, litigation") and five acceleration battles ("capability and quality, structural transformation, business reshaping, digital banking, supervisory coordination")[42](index=42&type=chunk) H1 2025 Operating Results | Indicator | Amount (RMB) | YoY Growth (%) | | :--- | :------------ | :----------- | | Operating Revenue | 8.83 billion | 0.8 | | Total Profit | 2.14 billion | 4.9 | | Net Profit | 2.01 billion | 1.6 | | Net Interest Margin | 1.47% | Flat | | Net Interest Spread | 1.56% | Up 0.01 percentage points | - Total assets **RMB 965.675 billion**, up **4.3%** from year-end; loan balance up **6.9%** from year-end[43](index=43&type=chunk) - Total liabilities **RMB 895.76 billion**, up **4.6%** from year-end; deposit balance up **6.6%** from year-end[43](index=43&type=chunk) - Non-performing loan ratio **1.70%** (flat), provision coverage ratio **171.29%** (up **2.08 percentage points**)[44](index=44&type=chunk) - Earnings per share **RMB 0.33** (up **3.1%** YoY), 2024 annual dividend **RMB 1.368** per 10 shares (up **14.0%** YoY)[44](index=44&type=chunk) - Technology Finance: Loan balance to technology innovation enterprises increased by **22.58%** from year-end; lead-underwrote technology innovation bonds totaling **RMB 3.635 billion**[45](index=45&type=chunk) - Green Finance: Green loan balance **RMB 39.214 billion**, up **13.98%** from year-end; green bond underwriting and investment scale increased by **533.7%** and **45.5%** YoY, respectively[46](index=46&type=chunk) - Inclusive Finance: Provided new credit to **1,464** "recommended list" enterprises in Tianjin, totaling **RMB 5.778 billion**; corporate inclusive loan disbursement increased by **43.20%** YoY[46](index=46&type=chunk) - Pension Finance: Public welfare pension loan balance increased by **315%** from year-end; invested **RMB 1.56 billion** in pension industry-related bonds[47](index=47&type=chunk) - Digital Finance: Upgraded Mobile Banking 8.0, launched multi-language "Smart Connect in China"; personal mobile banking users increased by **19.1%** from the beginning of the year[47](index=47&type=chunk) - Deepened the two era genes of research and technology, with AI empowering **8 major smart application projects** and **43 smart application scenarios** already implemented[51](index=51&type=chunk) [Income Statement Analysis](index=29&type=section&id=3.%20Income%20Statement%20Analysis) The Bank's H1 2025 profit before tax increased by **4.9%** to **RMB 2.14 billion**, and net profit rose by **1.6%** to **RMB 2.01 billion**, despite declining net interest margins due to market rate changes and fee reduction policies H1 2025 Income Statement Key Data | Indicator | 2025 (RMB Thousand) | 2024 (RMB Thousand) | Change (%) | | :--- | :------------------ | :------------------ | :--------- | | Profit Before Tax | 2,138,770 | 2,038,561 | 4.9 | | Net Profit | 2,008,360 | 1,975,791 | 1.6 | | Net Interest Margin | 1.56% | 1.68% | (0.12) | | Net Interest Spread | 1.47% | 1.60% | (0.13) | | Interest Income | 15,142,643 | 15,953,844 | (5.1) | | Interest Expense | (9,219,329) | (9,922,051) | (7.1) | | Investment Income | 1,266,927 | 1,498,719 | (15.5) | | Net Fee and Commission Income | 788,838 | 1,079,397 | (26.9) | | Net Trading Gains/(Losses) | 710,664 | 212,680 | 234.1 | | Operating Expenses | (2,070,128) | (2,024,516) | 2.3 | | Impairment Losses | (4,629,974) | (4,702,872) | (1.6) | | Income Tax Expense | (130,410) | (62,770) | 107.8 | - The decrease in interest income was primarily due to the national policy of reducing financing costs for the real economy and declining market interest rates[63](index=63&type=chunk)[64](index=64&type=chunk)[67](index=67&type=chunk)[68](index=68&type=chunk) - The decrease in interest expense was mainly attributed to optimized liability structure and diversified funding sources, with the interest rate on interest-bearing liabilities decreasing by **35 basis points** year-on-year[71](index=71&type=chunk)[72](index=72&type=chunk) - Net trading gains/(losses) significantly increased by **234.1%**, primarily due to the Bank effectively seizing market opportunities[81](index=81&type=chunk) - Impairment losses decreased by **1.6%** year-on-year, mainly due to the Bank accelerating the collection and disposal of non-performing assets[94](index=94&type=chunk) [Balance Sheet Analysis](index=42&type=section&id=4.%20Balance%20Sheet%20Analysis) As of June 30, 2025, the Bank's total assets reached **RMB 965.67 billion**, up **4.3%** from year-end, driven by increased support for the real economy and growth in customer loans and deposits, while shareholder equity also saw a modest increase Asset Composition as of June 30, 2025 | Indicator | June 30, 2025 (RMB Million) | % of Total | December 31, 2024 (RMB Million) | % of Total | Change (%) | | :--- | :-------------------------- | :--------------- | :-------------------------- | :--------------- | :--------------- | | Net Loans and Advances to Customers | 471,033.2 | 48.8 | 440,779.4 | 47.6 | 6.9 | | Net Investment Securities and Other Financial Assets | 362,279.2 | 37.5 | 363,396.7 | 39.2 | (0.3) | | Cash and Balances with Central Bank | 38,562.1 | 4.0 | 57,383.7 | 6.2 | (32.8) | | Balances with Banks and Other Financial Institutions | 14,120.6 | 1.5 | 2,960.1 | 0.3 | 377.0 | | Placements with Banks and Other Financial Institutions | 38,812.2 | 4.0 | 45,391.5 | 4.9 | (14.5) | | Financial Assets Held Under Resale Agreements | 26,406.6 | 2.7 | 40.0 | 0.0 | 65,916.5 | | Total Assets | 965,674.6 | 100.0 | 925,993.7 | 100.0 | 4.3 | - Total assets increased by **4.3%**, primarily due to increased support for the real economy and effective growth in loans and advances to customers[100](index=100&type=chunk) Loans and Advances to Customers by Business Segment | Loan Type | June 30, 2025 (RMB Million) | % of Total | December 31, 2024 (RMB Million) | % of Total | Change (%) | | :--- | :-------------------------- | :--------------- | :-------------------------- | :--------------- | :--------------- | | Corporate Loans | 364,672.2 | 75.3 | 333,991.4 | 73.6 | 9.2 | | Personal Loans | 89,413.6 | 18.4 | 97,311.5 | 21.5 | (8.1) | | Bill Discounting | 29,700.6 | 6.1 | 21,449.8 | 4.7 | 38.5 | | Total | 484,969.0 | 100.0 | 453,655.5 | 100.0 | 6.9 | - Personal loans decreased by **8.1%**, mainly due to continuous adjustment of internet loan asset structure and moderate reduction in internet cooperation loan scale[109](index=109&type=chunk) Liability Composition as of June 30, 2025 | Indicator | June 30, 2025 (RMB Million) | % of Total | December 31, 2024 (RMB Million) | % of Total | Change (%) | | :--- | :-------------------------- | :--------------- | :-------------------------- | :--------------- | :--------------- | | Customer Deposits | 533,951.9 | 59.6 | 500,957.0 | 58.5 | 6.6 | | Debt Securities Issued | 147,761.4 | 16.5 | 109,964.3 | 12.9 | 34.4 | | Deposits from Banks and Other Financial Institutions | 36,879.5 | 4.1 | 64,344.6 | 7.5 | (42.7) | | Total Liabilities | 895,758.7 | 100.0 | 856,583.5 | 100.0 | 4.6 | - Customer deposits increased by **6.6%**, with personal deposits up **8.3%** and corporate deposits up **5.6%**[128](index=128&type=chunk)[131](index=131&type=chunk) - Debt securities issued increased by **34.4%**, primarily due to proactive adjustment of liability structure and increased bond issuance[132](index=132&type=chunk) - Deposits from banks and other financial institutions decreased by **42.7%**, mainly due to moderate adjustment of liability business structure[133](index=133&type=chunk) - Total shareholders' equity **RMB 69.92 billion**, an increase of **0.7%** from year-end[141](index=141&type=chunk) [Off-Balance Sheet Items Analysis](index=57&type=section&id=5.%20Off-Balance%20Sheet%20Items%20Analysis) As of June 30, 2025, the Bank's total credit commitments increased by **15.6%** to **RMB 159.56 billion**, driven by a significant rise in unused corporate loan facilities, while unused credit card limits slightly decreased Contractual Amounts of Credit Commitments | Indicator | June 30, 2025 (RMB Million) | December 31, 2024 (RMB Million) | Change (%) | | :--- | :-------------------------- | :-------------------------- | :--------- | | Bank Acceptance Bills | 70,725.0 | 66,867.1 | 5.8 | | Unused Corporate Loan Facilities | 43,661.6 | 25,872.5 | 68.8 | | Unused Credit Card Limits | 6,386.7 | 7,395.3 | (13.6) | | Letters of Credit | 29,332.0 | 28,466.3 | 3.0 | | Guarantees | 9,453.3 | 9,480.7 | (0.3) | | Total | 159,558.6 | 138,081.9 | 15.6 | [Credit Quality Analysis](index=58&type=section&id=6.%20Credit%20Quality%20Analysis) As of June 30, 2025, the Bank's asset quality remained stable with a non-performing loan ratio of **1.68%**, while corporate NPLs decreased due to disposals, personal NPLs increased, and loan loss provisions rose to enhance risk coverage Five-Category Loan Classification Distribution | Classification | June 30, 2025 (RMB Million) | % of Total | December 31, 2024 (RMB Million) | % of Total | Change (%) | | :--- | :-------------------------- | :--------------- | :-------------------------- | :--------------- | :--------------- | | Normal | 460,612.9 | 94.98 | 430,880.8 | 94.98 | 6.90 | | Special Mention | 16,220.3 | 3.34 | 15,165.2 | 3.34 | 6.96 | | Non-Performing Loans | 8,135.8 | 1.68 | 7,609.5 | 1.68 | 6.92 | | Total Loans and Advances to Customers | 484,969.0 | 100.00 | 453,655.5 | 100.00 | 6.90 | - Non-performing loan ratio was **1.68%**, flat compared to year-end[146](index=146&type=chunk) - Corporate customer non-performing loan ratio was **1.35%**, down **0.1 percentage points** from year-end, mainly due to strengthened non-performing loan disposal[154](index=154&type=chunk)[161](index=161&type=chunk) - Personal customer non-performing loan ratio was **3.57%**, up **0.73 percentage points** from year-end, mainly affected by internet loan structure adjustments and the macroeconomic environment[161](index=161&type=chunk) - Loan impairment loss provisions were **RMB 13.94 billion**, an increase of **8.2%** from year-end, primarily due to increased provision accruals[172](index=172&type=chunk) Loans to Top Ten Single Borrowers (As of June 30, 2025) | Borrower | Industry | Amount (RMB Million) | % of Total Loans | % of Regulatory Capital | | :--- | :--- | :------------------ | :------------------- | :------------------- | | Borrower A | Leasing and Business Services | 5,075.5 | 1.05 | 5.08 | | Borrower B | Leasing and Business Services | 4,895.0 | 1.01 | 4.90 | | Borrower C | Financial Industry | 4,507.0 | 0.93 | 4.51 | | Borrower D | Leasing and Business Services | 4,052.5 | 0.84 | 4.05 | | Borrower E | Financial Industry | 3,712.5 | 0.77 | 3.71 | | Borrower F | Leasing and Business Services | 3,687.0 | 0.76 | 3.69 | | Borrower G | Leasing and Business Services | 3,676.0 | 0.76 | 3.68 | | Borrower H | Real Estate Industry | 3,669.3 | 0.76 | 3.67 | | Borrower I | Leasing and Business Services | 3,410.0 | 0.69 | 3.41 | | Borrower J | Leasing and Business Services | 3,190.0 | 0.65 | 3.19 | | Total | | 39,874.8 | 8.22 | 39.89 | [Business Review](index=68&type=section&id=II.%20Business%20Review) This section reviews the Bank's business segments, showing **13.0%** growth in corporate banking revenue, **2.1%** in personal banking, and a **20.6%** decline in treasury operations, while comprehensive operations through subsidiaries also contributed [Business Segment Report](index=68&type=section&id=1.%20Business%20Segment%20Report) The Bank's business segments include corporate banking, personal banking, treasury operations, and others, with corporate banking revenue up **13.0%**, personal banking up **2.1%**, and treasury operations down **20.6%**, while subsidiaries also contributed to comprehensive operations Operating Revenue by Major Segment (Six Months Ended June 30) | Business Segment | 2025 (RMB Million) | % of Total | 2024 (RMB Million) | % of Total | Change (%) | | :--- | :------------------- | :--------------- | :------------------- | :--------------- | :--------------- | | Corporate Banking Business | 4,720.8 | 53.5 | 4,178.1 | 47.7 | 13.0 | | Personal Banking Business | 2,227.1 | 25.2 | 2,181.2 | 25.0 | 2.1 | | Treasury Operations Business | 1,907.2 | 21.6 | 2,402.3 | 27.4 | (20.6) | | Others | (26.7) | (0.3) | (4.9) | (0.1) | (444.9) | | Total | 8,828.4 | 100.0 | 8,756.7 | 100.0 | 0.8 | - Corporate Banking Business: Operating revenue **RMB 4.72 billion** (up **13.0%** YoY); corporate loan balance **RMB 364.67 billion** (up **9.2%** from year-end); corporate deposit total **RMB 297.09 billion** (up **5.6%** from year-end)[177](index=177&type=chunk) - Corporate Banking Business: During the reporting period, new loans of **RMB 8.538 billion** were provided for Tianjin's "Ten Actions" fixed asset construction projects; green loan balance **RMB 39.214 billion** (up **13.98%** from year-end); lead-underwrote technology innovation bonds totaling **RMB 3.635 billion**[178](index=178&type=chunk)[179](index=179&type=chunk)[180](index=180&type=chunk) - Personal Banking Business: Operating revenue **RMB 2.23 billion** (up **2.1%** YoY); personal loan balance **RMB 89.41 billion** (down **8.1%**); personal deposit total **RMB 213.90 billion** (up **8.3%** from year-end)[185](index=185&type=chunk) - Personal Banking Business: Multi-language mobile banking "Smart Connect in China" launched; total retail APP signed customers **5.0101 million** (up **19.12%** from year-end)[188](index=188&type=chunk) - Small and Micro Inclusive Finance Business: Provided credit to **1,464** "recommended list" enterprises in Tianjin, totaling **RMB 5.778 billion**; cumulatively provided credit support of **RMB 4.736 billion** to customers in agriculture-related areas[189](index=189&type=chunk)[190](index=190&type=chunk) - Treasury Operations Business: Operating revenue **RMB 1.91 billion** (down **20.6%** YoY), primarily due to declining market yields and reduced interest income[191](index=191&type=chunk) - Treasury Operations Business: Cumulatively underwrote national bonds, local government bonds, and policy bank financial bonds totaling **RMB 85.402 billion** (up **22%** YoY)[196](index=196&type=chunk) - Diversified Operations: Tianyin Financial Leasing Co., Ltd. achieved operating revenue of **RMB 269 million**; successfully launched its first satellite equipment direct leasing project[200](index=200&type=chunk) [Capital Adequacy Ratio Analysis](index=80&type=section&id=III.%20Capital%20Adequacy%20Ratio%20Analysis) As of June 30, 2025, the Bank's capital adequacy, Tier 1, and Common Equity Tier 1 ratios met regulatory requirements at **13.45%**, **10.17%**, and **9.26%** respectively, though all decreased slightly due to increased credit support for the real economy Capital Adequacy Ratio Indicators (As of Period End) | Indicator | June 30, 2025 (%) | December 31, 2024 (%) | Change (Percentage Points) | | :--- | :---------------- | :---------------- | :------------ | | Common Equity Tier 1 Capital Adequacy Ratio | 9.26 | 9.53 | (0.27) | | Tier 1 Capital Adequacy Ratio | 10.17 | 10.47 | (0.30) | | Capital Adequacy Ratio | 13.45 | 13.59 | (0.14) | - The decrease in capital adequacy ratios across all tiers from the beginning of the year was mainly due to the Bank's increased support for the real economy and higher credit disbursement[202](index=202&type=chunk) - As of the end of the reporting period, the Bank's leverage ratio was **7.05%**, a decrease of **0.28 percentage points** from year-end[205](index=205&type=chunk)[206](index=206&type=chunk) [Risk Management](index=82&type=section&id=IV.%20Risk%20Management) The Bank continuously strengthens comprehensive risk management, covering credit, operational, market, liquidity, and information technology risks, by enhancing governance, implementing smart compliance systems, and optimizing monitoring and control strategies - Continuously strengthened comprehensive risk management, formulating and improving systems for risk identification, measurement, monitoring, control, mitigation, and reporting[207](index=207&type=chunk) - Credit Risk: Established credit risk management mechanisms, systems, and processes commensurate with business nature, scale, and complexity, implementing a unified credit granting system and utilizing tools like credit ratings and limit management[208](index=208&type=chunk)[210](index=210&type=chunk) - Operational Risk: Improved the operational risk management system, implementing three key tools: operational risk and control self-assessment, key risk indicators, and operational risk event collection[211](index=211&type=chunk) - Operational Risk: Launched the "AI Compliance Officer" system, utilizing machine learning and deep learning algorithms to analyze, interpret, and provide intelligent Q&A for regulatory policies and compliance requirements[212](index=212&type=chunk) - Market Risk: Closely monitored macroeconomic and financial conditions, strengthening market risk monitoring and management, primarily covering interest rate risk and exchange rate risk[214](index=214&type=chunk)[215](index=215&type=chunk) - Liquidity Risk: Adopted a centralized management model, monitoring multiple key liquidity indicators, conducting liquidity risk stress tests, and formulating and implementing management strategies to optimize the asset-liability structure[219](index=219&type=chunk) - Information Technology Risk: Continuously strengthened IT risk management, optimized threshold settings for key IT risk monitoring indicators, and organized various emergency scenario drills for IT outsourcing continuity assurance[220](index=220&type=chunk) [Changes in Share Capital and Shareholder Information](index=87&type=section&id=Changes%20in%20Share%20Capital%20and%20Shareholder%20Information) As of June 30, 2025, the Bank's total share capital remained unchanged at **6.071 billion shares**, with minor adjustments in domestic corporate and natural person share proportions, and no actual controller [Changes in the Bank's Shares](index=87&type=section&id=I.%20Changes%20in%20the%20Bank%27s%20Shares) As of June 30, 2025, the Bank's total share capital and registered capital remained unchanged at **6.071 billion shares** and **RMB 6.071 billion** respectively, with slight shifts in domestic shareholding percentages - As of the end of the reporting period, the Bank's total share capital was **6,070,551,822 shares**, and its registered capital was **RMB 6,070,551,822**, with no changes during the reporting period[222](index=222&type=chunk) Changes in Share Capital (As of June 30, 2025) | Share Type | Number of Shares as of Jan 1, 2025 | % of Total Share Capital | Change in Shares During Reporting Period | Number of Shares as of June 30, 2025 | % of Total Share Capital | | :--- | :--------------- | :----------- | :--------------- | :--------------- | :----------- | | Domestic Corporate Shares | 3,974,164,747 | 65.47% | (3,320,032) | 3,970,844,715 | 65.41% | | Domestic Natural Person Shares | 331,788,012 | 5.46% | 3,320,032 | 335,108,044 | 5.52% | | H-Shares | 1,764,599,063 | 29.07% | – | 1,764,599,063 | 29.07% | | Total Shares | 6,070,551,822 | 100% | – | 6,070,551,822 | 100% | [Shareholding of Top Ten Shareholders](index=88&type=section&id=II.%20Shareholding%20of%20Top%20Ten%20Shareholders) As of the end of the reporting period, the Bank's top ten shareholders collectively held **59.72%** of the shares, with Tianjin Binhai New Area Investment Co., Ltd. being the largest single shareholder at **15.94%** Shareholding of Top Ten Shareholders (As of June 30, 2025) | No. | Shareholder Name | Share Type | Total Shares Held at Period End (shares) | % of Total Share Capital at Period End | | :--- | :--- | :--- | :------------------- | :--------------- | | 1 | Tianjin Free Trade Zone Investment Co., Ltd. | Domestic Corporate Shares | 967,462,369 | 15.94 | | 2 | Australia and New Zealand Banking Group Limited | H-Shares | 725,644,563 | 11.95 | | 3 | Tianjin Pharmaceutical Group Co., Ltd. | Domestic Corporate Shares | 487,713,488 | 8.03 | | 4 | Tianjin Bohai Chemical Industry Group Co., Ltd. | Domestic Corporate Shares | 487,078,366 | 8.02 | | 5 | CSSC International Holdings Limited | H-Shares | 303,193,000 | 4.99 | | 6 | Harbin Economic Development Investment Co., Ltd. | Domestic Corporate Shares | 166,657,161 | 2.75 | | 7 | Tianjin Hi-Tech Holding Group Co., Ltd. | Domestic Corporate Shares | 149,056,239 | 2.46 | | 8 | Tianjin Jinrong Investment Service Group Co., Ltd. | Domestic Corporate Shares | 117,378,125 | 1.93 | | 9 | Tianjin Ningfu Investment Co., Ltd. | Domestic Corporate Shares | 114,278,299 | 1.88 | | 10 | Hong Kong Bohai Leasing Asset Management Co., Ltd. | H-Shares | 106,993,500 | 1.76 | | Total | | | 3,625,455,110 | 59.72 | [Shareholder Information](index=89&type=section&id=III.%20Shareholder%20Information) As of the end of the reporting period, the Bank had **7,226 shareholders** and no actual controller, with disclosures made for shareholders holding **5%** or more equity as per SFO regulations - As of the end of the reporting period, the Bank had a total of **7,226 shareholders**[226](index=226&type=chunk) - During the reporting period, the Bank had no actual controller[226](index=226&type=chunk) Interests and Short Positions in Hong Kong under SFO (Shareholders Holding 5% or More Shares) | Shareholder Name | Nature of Interest | Class of Shares | Number of Shares Held (Long Position) | Approximate % of the Bank's Equity | | :--- | :--- | :--- | :------------------- | :------------------- | | Tianjin Free Trade Zone Investment Co., Ltd. | Beneficial Interest | Domestic Shares | 967,462,369 | 15.94 | | Australia and New Zealand Banking Group Limited | Beneficial Interest | H-Shares | 725,644,563 | 11.95 | | Tianjin Bohai Chemical Industry Group Co., Ltd. | Beneficial Interest | Domestic Shares | 489,857,052 | 8.07 | | Tianjin Pharmaceutical Group Co., Ltd. | Beneficial Interest | Domestic Shares | 489,107,183 | 8.06 | [Shareholders Holding 5% or More of the Bank's Share Capital](index=91&type=section&id=IV.%20Shareholders%20Holding%205%25%20or%20More%20of%20the%20Bank%27s%20Share%20Capital) This section reiterates detailed information on shareholders holding **5%** or more of the Bank's share capital, as already presented in 'III. Shareholder Information' [Purchase, Sale, and Redemption of the Bank's Listed Securities](index=91&type=section&id=V.%20Purchase%2C%20Sale%2C%20and%20Redemption%20of%20the%20Bank%27s%20Listed%20Securities) During the reporting period, neither the Bank nor its subsidiaries purchased, sold, or redeemed any of its listed securities, nor did they hold any treasury shares as of the period end - During the reporting period, neither the Bank nor any of its subsidiaries purchased, sold, or redeemed any of the Bank's listed securities (including the sale of treasury shares)[231](index=231&type=chunk) - As of the end of the reporting period, neither the Bank nor any of its subsidiaries held any treasury shares[231](index=231&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=92&type=section&id=Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) This chapter lists the Bank's current directors, supervisors, and senior management, details personnel changes, and outlines employee demographics, compensation policies, and training programs aimed at enhancing professional capabilities and party spirit [Current Directors, Supervisors, and Senior Management](index=92&type=section&id=I.%20Current%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) The Bank's current board comprises 4 executive, 6 non-executive, and 5 independent non-executive directors, with Mr. Yu Jianzhong as Chairman, and a supervisory board led by Mr. Huang Yongxin, alongside other senior management List of Current Directors | Name | Position | Appointment Date for 8th Board of Directors | | :--- | :--- | :--------------- | | Mr. Yu Jianzhong | Executive Director, Chairman | April 17, 2025 | | Mr. Wu Hongtao | Executive Director, President | April 17, 2025 | | Mr. Zheng Ke | Executive Director, Vice President | April 17, 2025 | | Ms. Dong Xiaodong | Executive Director, Board Secretary | April 17, 2025 | | Ms. Dong Guangpei | Non-Executive Director | April 17, 2025 | | Mr. Peng Chong | Non-Executive Director | April 17, 2025 | | Mr. Brett H. H. Budge | Non-Executive Director | April 17, 2025 | | Mr. Xing Jianhua | Non-Executive Director | June 10, 2025 | | Mr. Wang Shunlong | Non-Executive Director | April 17, 2025 | | Mr. Wang Shanjun | Non-Executive Director | June 10, 2025 | | Mr. Zeng Jianhua | Independent Non-Executive Director | April 17, 2025 | | Mr. Lu Jianzhong | Independent Non-Executive Director | April 17, 2025 | | Mr. Gu Chaoyang | Independent Non-Executive Director | April 17, 2025 | | Mr. Feng Jinghua | Independent Non-Executive Director | April 17, 2025 | | Mr. Peng Bing | Independent Non-Executive Director | April 17, 2025 | List of Current Supervisors | Name | Position | Appointment Date | | :--- | :--- | :--- | | Mr. Huang Yongxin | Employee Supervisor, Chairman of the Supervisory Board | May 28, 2024 | | Ms. Peng Junying | Employee Supervisor | December 22, 2023 | | Mr. Wu Chong | Shareholder Representative Supervisor | May 18, 2023 | | Mr. Liu Baorui | External Supervisor | February 28, 2022 | | Mr. Luo Yikun | External Supervisor | August 18, 2022 | List of Other Senior Management | Name | Position | | :--- | :--- | | Mr. Liu Gangling | Vice President | | Mr. Chen Peng | Vice President, Chief Information Officer | | Mr. Xia Zhenwu | Assistant President | [Changes in Directors, Supervisors, and Senior Management During the Reporting Period](index=94&type=section&id=II.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management%20During%20the%20Reporting%20Period) During the reporting period, several independent non-executive and non-executive directors resigned due to term expiration or work transfers, while new directors were appointed and senior management positions were re-elected - Mr. He Jia and Mr. Jin Qingjun resigned as independent non-executive directors and from relevant special committee positions on January 24, 2025, due to completing their six-year terms[239](index=239&type=chunk) - The qualifications of Mr. Feng Jinghua and Mr. Peng Bing as independent non-executive directors were approved by regulatory authorities on January 24, 2025[239](index=239&type=chunk) - Mr. Zhao Wei and Ms. Li Jun resigned as non-executive directors and from relevant board special committee responsibilities on March 20, 2025, due to work transfers[241](index=241&type=chunk) - On April 17, 2025, the annual general meeting approved the re-election and appointment of directors for the Eighth Board of Directors[242](index=242&type=chunk) - The qualifications of Mr. Xing Jianhua and Mr. Wang Shanjun as directors were approved by regulatory authorities on June 10, 2025[242](index=242&type=chunk) - On April 17, 2025, the Board re-elected Mr. Yu Jianzhong as Chairman, Mr. Wu Hongtao as President, Mr. Liu Gangling and Mr. Zheng Ke as Vice Presidents, Mr. Chen Peng as Vice President and Chief Information Officer, Mr. Xia Zhenwu as Assistant President, and Ms. Dong Xiaodong as Board Secretary and Joint Company Secretary[243](index=243&type=chunk) [Company Secretary](index=96&type=section&id=III.%20Company%20Secretary) Ms. Dong Xiaodong and Dr. Ng Wai Fung have served as Joint Company Secretaries since January 2021 and September 2015, respectively, with Ms. Dong being the primary contact person for Dr. Ng - Ms. Dong Xiaodong and Dr. Ng Wai Fung have served as Joint Company Secretaries of the Bank since January 2021 and September 2015, respectively[244](index=244&type=chunk) [Securities Transactions by Directors, Supervisors, and Relevant Employees](index=96&type=section&id=IV.%20Securities%20Transactions%20by%20Directors%2C%20Supervisors%2C%20and%20Relevant%20Employees) The Bank has adopted the Model Code for Securities Transactions by Directors of Listed Issuers, and all directors and supervisors confirmed compliance with this code during the reporting period - The Bank has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set out in the Hong Kong Listing Rules as its code governing securities transactions by directors and supervisors[245](index=245&type=chunk) - All directors and supervisors of the Bank confirmed their continuous compliance with the Model Code during the reporting period[246](index=246&type=chunk) [Interests of Directors, Chief Executive, and Supervisors in the Bank's Shares](index=96&type=section&id=V.%20Interests%20of%20Directors%2C%20Chief%20Executive%2C%20and%20Supervisors%20in%20the%20Bank%27s%20Shares) As of the reporting period end, only Ms. Dong Xiaodong, Ms. Peng Junying, and Mr. Liu Baorui held minor interests in the Bank's domestic shares, all below **0.001%**, with no other directors, chief executives, or supervisors holding any interests Interests of Directors and Supervisors in the Bank's Shares (As of June 30, 2025) | Name | Capacity | Class of Shares | Number of Shares Held (Long Position) | Approximate % of the Bank's Equity | | :--- | :--- | :--- | :------------------- | :------------------- | | Dong Xiaodong | Beneficial Interest | Domestic Shares | 58,564 | 0.00096 | | Peng Junying | Beneficial Interest | Domestic Shares | 58,564 | 0.00096 | | Liu Baorui | Beneficial Interest | Domestic Shares | 15,959 | 0.00026 | - Save as disclosed above, as of the end of the reporting period, none of the Bank's directors, chief executive, or supervisors or their associates had any interests or short positions in the shares, underlying shares, or debentures of the Bank or its associated corporations[247](index=247&type=chunk) [Employee Compensation Policy and Training Program](index=97&type=section&id=VI.%20Employee%20Compensation%20Policy%20and%20Training%20Program) The Bank employs **6,534 staff**, with **92.70%** holding bachelor's degrees or higher, and implements a diversified recruitment strategy, performance-linked compensation with risk adjustments, and continuous training to enhance professional capabilities [(I) Employee Demographics](index=97&type=section&id=(I)%20Employee%20Demographics) As of the reporting period end, the Bank had **6,534 permanent employees**, with **92.70%** holding bachelor's degrees or above, an average age of **39.5**, and **58.95%** female employees, reflecting a diversified recruitment approach - As of the end of the reporting period, the Bank had a total of **6,534 permanent employees**[249](index=249&type=chunk) - **6,057** employees held bachelor's degrees or above, accounting for **92.70%**, an increase of **0.9%** from the end of June 2024[249](index=249&type=chunk) - Average age was **39.5** years; **2,682** male employees (**41.05%**) and **3,852** female employees (**58.95%**)[249](index=249&type=chunk) [(II) Employee Compensation](index=97&type=section&id=(II)%20Employee%20Compensation) The Bank is establishing a scientific incentive and restraint mechanism, aligning compensation with overall bank performance and individual contributions through categorized assessments, while providing social insurance and other benefits in accordance with Chinese laws - Gradually established a scientific incentive and restraint mechanism, ensuring compensation resources are more fully aligned with the Bank's overall benefits and individual performance through categorized assessments[250](index=250&type=chunk) - Provides social insurance and other employee benefits in accordance with applicable Chinese laws, regulations, and regulatory rules[250](index=250&type=chunk) - Formulated "Bank of Tianjin Co., Ltd. Compensation Management Policy" and "Bank of Tianjin Compensation Management Measures," implementing a market-oriented and regionally differentiated compensation management model[250](index=250&type=chunk) [(III) Employee Compensation, Performance Measurement, and Risk Adjustment Standards](index=97&type=section&id=(III)%20Employee%20Compensation%2C%20Performance%20Measurement%2C%20and%20Risk%20Adjustment%20Standards) The Bank's employee compensation policy aligns with its risk management framework, linking remuneration to risk-adjusted performance and implementing deferred payment and clawback mechanisms for key risk-influencing positions to prevent aggressive operations - Employee compensation policy is consistent with the risk management system, aligning compensation levels with the Bank's profitability and risk-adjusted performance[251](index=251&type=chunk) - For personnel in positions with significant risk influence, a deferred performance-based compensation and clawback system is implemented[251](index=251&type=chunk) - Deferred payment is no less than **40%** of the total annual performance-based compensation, with a deferral period of three years[251](index=251&type=chunk) [(IV) Employee Education and Training](index=98&type=section&id=(IV)%20Employee%20Education%20and%20Training) The Bank annually develops employee training plans, cultivates key talent, deepens its 'research, teaching, training, practice, combat, efficiency' system, promotes case-based learning, and encourages certification, with over **15,665** professional qualifications obtained - Annually formulates key points and plans for employee education and training, and implements talent pipeline development programs for key personnel (including new employees, young backbones, business experts, and management)[252](index=252&type=chunk) - Deepened the "research, teaching, training, practice, combat, efficiency" training system, built a standardized professional capability development system, and promoted case-based teaching models[252](index=252&type=chunk) - Promoted employee certification across the Bank, regularly organized various internal professional qualification and competitive selection exams, and encouraged employees to participate in external professional qualification learning courses[252](index=252&type=chunk) - As of the date of this interim report, over **15,665** individuals have obtained various professional qualification certificates through examinations[252](index=252&type=chunk) [Significant Matters](index=99&type=section&id=Significant%20Matters) This chapter covers the Bank's corporate governance, use of H-share proceeds, dividend distribution, related party transactions, major litigation, regulatory penalties, significant investments, and auditor appointments, noting compliance and a post-period issuance of technology innovation bonds [Corporate Governance Code](index=99&type=section&id=I.%20Corporate%20Governance%20Code) The Bank is committed to enhancing corporate governance transparency and shareholder interests, having established a comprehensive governance structure compliant with HKEX Listing Rules, with clear responsibilities for the Board, Supervisory Board, and senior management - The Bank has established a relatively comprehensive corporate governance structure in accordance with the Hong Kong Listing Rules, clearly defining the responsibilities of the general meeting, the Board of Directors, the Supervisory Board, and senior management[253](index=253&type=chunk) - The Bank has consistently complied with the code provisions set out in the Hong Kong Listing Rules during the reporting period[253](index=253&type=chunk) - During the reporting period, the Bank held **1** general meeting (April 17, 2025), which approved resolutions including the 2024 annual financial settlement report, profit distribution plan, and work reports of the Board and Supervisory Board[254](index=254&type=chunk) - During the reporting period, the Board of Directors held **4** meetings, reviewing and passing **46** resolutions; its special committees held **12** meetings, reviewing and passing **54** resolutions[256](index=256&type=chunk) - During the reporting period, the Supervisory Board held **5** meetings, reviewing and passing **49** resolutions; its special committees held **6** meetings, reviewing and passing **66** resolutions[257](index=257&type=chunk) [Use of Proceeds](index=100&type=section&id=II.%20Use%20of%20Proceeds) The net proceeds from the Bank's H-share global offering were fully used to expand capital, and during the reporting period, it also issued **RMB 5 billion** in green financial bonds and **RMB 7 billion** in ordinary financial bonds - The net proceeds from the Bank's global offering were fully used to expand its capital to meet the needs of continuous business growth[258](index=258&type=chunk) - On March 20, 2025, **RMB 5 billion** in green financial bonds were issued at a coupon rate of **1.98%**, with proceeds used for green projects as specified in the "Green Bond Endorsed Project Catalogue (2021 Edition)"[258](index=258&type=chunk) - On June 25, 2025, **RMB 7 billion** in ordinary financial bonds were issued at a coupon rate of **1.78%**, with proceeds used to optimize liability structure, replenish working capital, and promote steady business development[258](index=258&type=chunk) [Profit and Dividends](index=101&type=section&id=III.%20Profit%20and%20Dividends) The Bank's 2024 profit distribution plan, approved on April 17, 2025, involved a dividend of **RMB 1.368** per 10 shares, totaling approximately **RMB 830.45 million**, distributed on June 12, 2025, with no interim dividend for H1 2025 - 2024 profit distribution plan: a dividend of **RMB 1.368** per 10 shares (tax inclusive), totaling approximately **RMB 830.45 million** (tax inclusive), distributed on June 12, 2025[259](index=259&type=chunk) - The Bank will not distribute any interim dividends for the first six months of 2025[260](index=260&type=chunk) [Connected Transactions](index=101&type=section&id=IV.%20Connected%20Transactions) During the reporting period, the Bank provided commercial banking services to major shareholders, directors, supervisors, the president, and/or their associates under ordinary commercial terms, which were exempt from HKEX Listing Rules reporting and disclosure requirements - The Bank provided commercial banking services and products to the Chinese public in its ordinary course of business, including major shareholders, certain directors and supervisors, the president, and/or their respective associates[261](index=261&type=chunk) - These transactions were entered into in the ordinary course of business on normal commercial terms and are therefore exempt from the reporting, annual review, disclosure, and independent shareholders' approval requirements under Chapter 14A of the Hong Kong Listing Rules[261](index=261&type=chunk) [Related Party Transactions](index=101&type=section&id=V.%20Related%20Party%20Transactions) Details of the Bank's related party transactions during the reporting period are in Note 40 to the financial statements; while some also constitute connected transactions under HKEX Listing Rules, none were disclosable connected transactions - Details of the Bank's related party transactions conducted in the ordinary course of business during the reporting period are set out in Note 40 to the financial statements[262](index=262&type=chunk) - Certain related party transactions set out in the notes to the financial statements also constitute connected transactions as defined in the Hong Kong Listing Rules, but none constituted disclosable connected transactions as required by the Hong Kong Listing Rules[262](index=262&type=chunk) [Overall Situation of Related Party Transactions under Regulatory Scope](index=102&type=section&id=VI.%20Overall%20Situation%20of%20Related%20Party%20Transactions%20under%20Regulatory%20Scope) As of the reporting period end, the Bank's related party list included **2,337 natural persons** and **1,033 legal entities**, with **88** related party transactions totaling **RMB 34.442 billion** approved or filed, all compliant with regulatory requirements - As of the end of the reporting period, the Bank's related party list included related natural persons **2,337**, related legal entities or other organizations **1,033**[263](index=263&type=chunk) - During the reporting period, the Bank processed **88** related party transaction approvals and filings, with a total filed amount of **RMB 34.442 billion**, including **2** significant credit-related related party transactions approved, totaling **RMB 18 billion**[264](index=264&type=chunk) - As of the end of the reporting period, the Bank's credit-related related party transaction balance was **RMB 17.085 billion**, including **RMB 17.048 billion** for related legal entities and **RMB 0.37 billion** for related natural persons[265](index=265&type=chunk) - As of the end of the reporting period, the Bank's deposit and other types of related party transaction balance was **RMB 7.013 billion**[266](index=266&type=chunk) - As of the end of the reporting period, the largest single borrower's credit balance accounted for **3.90%** of the Bank's net capital (not exceeding **10%**); the largest related legal entity or other organization's group customer credit balance accounted for **8.85%** of the Bank's net capital (not exceeding **15%**); and the total related party credit balance accounted for **17.58%** of the Bank's net capital (not exceeding **50%**)[267](index=267&type=chunk) - During the reporting period, the Bank's related party credit business complied with all regulatory indicators, with no violations such as unsecured loans to related parties, credit provision with the Bank's equity as collateral, or guarantees for related party financing[267](index=267&type=chunk) [Major Litigation and Arbitration Matters](index=103&type=section&id=VII.%20Major%20Litigation%20and%20Arbitration%20Matters) As of the reporting period end, the Bank anticipates no material adverse impact on its business, financial position, or operating results from any ongoing legal or arbitration proceedings, despite two notable cases involving customer deposit disputes and bill acceptance disputes - As of the date of this interim report, the Bank does not expect any current and pending legal or arbitration proceedings to have a material adverse effect on its business, financial position, and operating results[268](index=268&type=chunk) - Tianbao Sub-branch customer deposit dispute litigation: Tianjin Second Intermediate People's Court dismissed the plaintiffs' claims, with some plaintiffs appealing, and the case is currently under review by the court[269](index=269&type=chunk) - Shanghai Branch vs. Zhejiang Chouzhou Commercial Bank acceptance bill repurchase business dispute litigation: The court ruled that Zhejiang Chouzhou Commercial Bank should bear supplementary compensation liability up to **RMB 40 million** for losses that Shanghai Branch could not recover through criminal asset recovery procedures; the Bank's Shanghai Branch has initiated supervisory proceedings[270](index=270&type=chunk)[271](index=271&type=chunk) [Penalties Against the Bank, its Directors, Supervisors, and Senior Management](index=104&type=section&id=VIII.%20Penalties%20Against%20the%20Bank%2C%20its%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, neither the Bank nor its directors, supervisors, or senior management received any investigations, administrative penalties, public criticisms, or sanctions from regulatory bodies that would severely impact operations - During the reporting period, neither the Bank nor its directors, supervisors, or senior management were subject to investigations, administrative penalties, or public criticisms by the China Securities Regulatory Commission, nor were they publicly censured by any stock exchange or sanctioned by any other regulatory body that would severely impact the Bank's operations[272](index=272&type=chunk) [Fulfillment of Commitments by the Bank and Shareholders Holding 5% or More Shares](index=104&type=section&id=IX.%20Fulfillment%20of%20Commitments%20by%20the%20Bank%20and%20Shareholders%20Holding%205%25%20or%20More%20Shares) During the reporting period, neither the Bank nor any shareholders holding **5%** or more of its total issued shares made any commitments - During the reporting period, neither the Bank nor any shareholders holding **5%** or more of the Bank's total issued shares made any commitments[273](index=273&type=chunk) [Significant Investments, Acquisitions and Disposals of Assets, and Corporate Mergers](index=104&type=section&id=X.%20Significant%20Investments%2C%20Acquisitions%20and%20Disposals%20of%20Assets%2C%20and%20Corporate%20Mergers) During the reporting period, the Bank did not undertake any significant investments, major asset acquisitions, disposals, or corporate mergers - The Bank had no significant investments during the reporting period[274](index=274&type=chunk) - During the reporting period, the Bank did not engage in any major asset acquisitions, disposals, or corporate mergers[274](index=274&type=chunk) [Implementation of Share Incentive Schemes During the Reporting Period](index=104&type=section&id=XI.%20Implementation%20of%20Share%20Incentive%20Schemes%20During%20the%20Reporting%20Period) During the reporting period, the Bank did not implement any share incentive schemes - During the reporting period, the Bank did not implement any share incentive schemes[275](index=275&type=chunk) [Appointment and Removal of Auditors](index=104&type=section&id=XII.%20Appointment%20and%20Removal%20of%20Auditors) At the 2024 annual general meeting on April 17, 2025, shareholders approved the re-appointment of KPMG Huazhen LLP as domestic auditor and KPMG as international auditor for the 2025 financial statements - At the 2024 annual general meeting held on April 17, 2025, shareholders approved the re-appointment of KPMG Huazhen LLP as domestic auditor and KPMG as international auditor for the audit and review of the 2025 financial statements[276](index=276&type=chunk) [Events After the Reporting Period](index=105&type=section&id=XIII.%20Events%20After%20the%20Reporting%20Period) Except for the issuance of **RMB 3 billion** in technology innovation bonds on July 28, 2025, no other significant events occurred for the Bank or its subsidiaries after the reporting period - On July 28, 2025, the Bank issued **RMB 3 billion** in 5-year technology innovation bonds with a fixed annual coupon rate of **1.80%**[409](index=409&type=chunk) - The Bank and its subsidiaries had no other significant events after the reporting period[277](index=277&type=chunk) [Review of Interim Report](index=105&type=section&id=XIV.%20Review%20of%20Interim%20Report) The interim financial statements in this report are unaudited but have been reviewed by KPMG in accordance with International Standard on Review Engagements, and the Board and Audit Committee have reviewed and approved the interim report - The interim financial statements disclosed in this interim report are unaudited[278](index=278&type=chunk) - KPMG has reviewed the Bank's interim financial statements for the six months ended June 30, 2025, prepared in accordance with International Accounting Standard 34 and the Hong Kong Listing Rules, in accordance with International Standard on Review Engagements[278](index=278&type=chunk) - The Board of Directors and its Audit Committee have reviewed and approved the Bank's interim report[279](index=279&type=chunk) [Publication of Interim Report](index=105&type=section&id=XV.%20Publication%20of%20Interim%20Report) This interim report is available in both Chinese and English versions, with the Chinese version prevailing in case of any discrepancies - The interim report is available in both Chinese and English versions; in case of any discrepancy between the Chinese and English versions, the Chinese version shall prevail[280](index=280&type=chunk) [Independent Auditor's Review Report](index=106&type=section&id=Independent%20Auditor%27s%20Review%20Report) KPMG reviewed the Bank's interim financial information in accordance with ISRE 2410, concluding that no matters indicated non-compliance with IAS 34 in all material respects, providing a review opinion, not an audit opinion - KPMG reviewed the interim financial information of Bank of Tianjin and its subsidiaries[281](index=281&type=chunk) - The review was conducted in accordance with International Standard on Review Engagements 2410[282](index=282&type=chunk) - Review conclusion: Nothing came to the auditor's attention that caused them to believe the interim financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34 – Interim Financial Reporting[283](index=283&type=chunk) - This report provides a review opinion, not an audit opinion[282](index=282&type=chunk) [Interim Financial Statements](index=107&type=section&id=Interim%20Financial%20Statements) This chapter presents the Bank's unaudited condensed consolidated interim financial statements for the six months ended June 30, 2025, including the income statement, balance sheet, statement of changes in equity, cash flow statement, and detailed notes, offering comprehensive financial insights [Condensed Consolidated Statement of Comprehensive Income](index=107&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, the Bank's net profit increased by **1.6%** to **RMB 2.008 billion**, with a slight decrease in net interest income offset by a significant rise in net trading gains, though total comprehensive income declined due to other comprehensive losses Condensed Consolidated Statement of Comprehensive Income Summary (Six Months Ended June 30) | Indicator | 2025 (RMB Thousand) | 2024 (RMB Thousand) | | :--- | :------------------ | :------------------ | | Net Interest Income | 5,923,314 | 6,031,793 | | Investment Income | 1,266,927 | 1,498,719 | | Net Fee and Commission Income | 788,838 | 1,079,397 | | Net Trading Gains/(Losses) | 710,664 | 212,680 | | Operating Revenue | 8,828,439 | 8,756,662 | | Operating Expenses | (2,070,128) | (2,024,516) | | Impairment Losses | (4,629,974) | (4,702,872) | | Profit for the Period | 2,008,360 | 1,975,791 | | Profit for the Period Attributable to Equity Holders of the Bank | 1,987,826 | 1,966,044 | | Other Comprehensive Income (Net of Tax) | (661,343) | 640,667 | | Total Comprehensive Income for the Period | 1,347,017 | 2,616,458 | | Earnings Per Share (RMB) | 0.33 | 0.32 | [Condensed Consolidated Statement of Financial Position](index=109&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Bank's total assets reached **RMB 965.675 billion**, a **4.3%** increase from year-end, driven by growth in customer loans and deposits, while total liabilities rose by **4.6%** and equity attributable to equity holders increased by **0.7%** Condensed Consolidated Statement of Financial Position Summary (As of Period End) | Indicator | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | | :--- | :-------------------------- | :-------------------------- | | Total Assets | 965,674,631 | 925,993,655 | | Loans and Advances to Customers | 471,033,192 | 440,779,383 | | Financial Assets at Fair Value Through Profit or Loss | 112,842,083 | 107,089,724 | | Financial Assets at Amortized Cost | 145,037,393 | 152,331,765 | | Total Liabilities | 895,758,652 | 856,583,512 | | Customer Deposits | 533,951,884 | 500,957,014 | | Debt Securities Issued | 147,761,391 | 109,964,281 | | Equity Attributable to Equity Holders of the Bank | 69,043,443 | 68,547,411 | | Total Equity | 69,915,979 | 69,410,143 | [Condensed Consolidated Statement of Changes in Equity](index=111&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) As of June 30, 2025, equity attributable to equity holders increased to **RMB 69.043 billion**, with profit contributing **RMB 1.988 billion**, offset by net losses in other comprehensive income and distributed dividends, while general reserves increased Condensed Consolidated Statement of Changes in Equity Summary (Six Months Ended June 30) | Indicator | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | | :--- | :-------------------------- | :-------------------------- | | Share Capital | 6,070,552 | 6,070,552 | | Capital Reserve | 10,732,161 | 10,732,161 | | Investment Revaluation Reserve | 769,883 | 1,431,226 | | Surplus Reserve | 3,352,480 | 3,352,480 | | General Reserve | 11,090,037 | 9,255,979 | | Retained Earnings | 37,028,330 | 37,705,013 | | Equity Attributable to Equity Holders of the Bank | 69,043,443 | 68,547,411 | | Non-Controlling Interests | 872,536 | 862,732 | | Total Equity | 69,915,979 | 69,410,143 | - Profit for the period of **RMB 1,987,826 thousand** was attributable to equity holders of the Bank[292](index=292&type=chunk) - Other comprehensive income for the period was a net loss of **RMB 661,343 thousand**[292](index=292&type=chunk) - Dividends distributed to ordinary shareholders of the Bank amounted to **RMB 830,451 thousand**[292](index=292&type=chunk) - General reserve appropriation amounted to **RMB 1,834,058 thousand**[292](index=292&type=chunk) [Condensed Consolidated Cash Flow Statement](index=112&type=section&id=Condensed%20Consolidated%20Cash%20Flow%20Statement) For the six months ended June 30, 2025, Tianj

Core Viewpoint - Tianjin Bank reported its first interim results after the new board of directors was established in March 2025, showing growth in revenue and profit despite a challenging macroeconomic environment and narrowing net interest margins [1] Financial Performance - As of the end of the reporting period, Tianjin Bank's total assets reached 965.675 billion, a 4.3% increase from the previous year [1][2] - The bank achieved operating income of 8.83 billion, a year-on-year increase of 0.8%, and a total profit of 2.14 billion, up 4.9% year-on-year [1][4] - The non-performing loan ratio remained stable at 1.70%, while the provision coverage ratio improved to 171.29%, an increase of 2.08 percentage points from the previous year [1] Asset and Liability Management - The loan balance reached 471.033 billion, growing 6.9% from the previous year, indicating a preference for credit assets to support the real economy [2] - Total liabilities amounted to 895.759 billion, a 4.6% increase, with deposits reaching 533.951 billion, up 6.6% year-on-year [3] Deposit Structure - The bank's deposit structure showed that corporate deposits were 297.092 billion, increasing by 5.6%, while personal deposits totaled 213.9 billion, up 8.3% [3] - Tianjin Bank maintained a market share of 10.65% in the unit deposit market in Tianjin, ranking first in the city [3] Interest Income and Expenses - Interest income for the period was 15.14 billion, a decrease of 8.1 billion year-on-year, with an average yield on interest-earning assets at 3.77%, down 47 basis points [4] - The average interest rate on customer deposits was 2.24%, a decrease of 36 basis points from the previous year, contributing to a reduction in interest expenses [5][6] Net Interest Margin - The net interest margin was 1.47%, down 0.13 percentage points year-on-year, while the net profit margin decreased by 0.12 percentage points [6] - The bank's strategy to optimize deposit structure and reduce high-interest deposits was key to maintaining net interest margin stability [6]

会上研究讨论了技术驱动下的银行再中介化：范式重构与价值跃迁、信息科技在金融业的应用前沿、天 津银行基础架构建设方案等课题。数字金融委员会紧跟时代趋势，强化"研究基因"和"科技基因"在天津 银行发展中的战略支撑作用，深入研究了技术驱动下中小银行再中介化的新变局，热烈讨论了科技赋能 下金融服务生态圈的新模式，系统谋划了天津银行信息科技基础架构，统筹把握"发展和安全""聚能和 赋能""数据和智能"，通过技术创新和架构升级，打造数字金融新赛道，深化全行"学科技、谋科技、用 科技、推科技"的科技氛围。 在低利率和智能化叠加的时代，中小银行面临被淘汰的压力越来越大，群体分化也会进一步加剧，有些 中小银行甚至面临生死存亡，核心竞争能力的重塑至关重要，正如天津银行提出的发展战略，以强 化"研究和科技"两个时代基因为牵引，内构发展能力，外构发展资源，重构发展机制，打造数字金融新 赛道是中小银行群体的涅槃重生之路。 转自：新华财经 新华财经北京8月30日电 8月29日，天津银行召开第八届董事会数字金融委员会第一次会议，会议审议 了修订董事会数字金融委员会工作规则等议案，并重点研究了技术驱动下的银行再中介化、数字金融应 用前沿等方 ...

8月29日，天津银行发布中期业绩公告，2025年上半年，该行实现营业收入88.3亿元，同比增长0.8%； 实现利润总额21.4亿元，同比增长4.9%；实现净利润20.1亿元，同比增长1.6%。净息差1.47%，与2024 年持平；净利差1.56%，较2024年上升0.01%。 （天津银行） 截至上半年末，天津银行资产总额9656.75亿元，较上年末增长4.3%，其中贷款余额较上年末增长 6.9%，较资产增速高2.6个百分点；在天津地区贷款市场份额占比7.40%，排名全市第四。负债总额 8957.6亿元，较上年末增长4.6%，其中存款余额较上年末增长6.6%，较负债增速高2.0个百分点；在天 津地区单位存款市场份额占比10.65%，排名全市第一。 资产质量方面，截至上半年末，天津银行不良贷款率1.70%，较上年末持平；拨备覆盖率171.29%，较 上年末上升2.08个百分点。资本充足状况保持良好，资本充足率、一级资本充足率、核心一级资本充足 率持续满足监管要求，按照一级资本排名位列《银行家》杂志2025年世界银行1000强第185名。 ...