Core Viewpoint - Huishang Bank (03698) has released a positive profit forecast for the first half of 2025, indicating growth in both revenue and net profit compared to the same period last year [1]. Financial Performance - For the first half of 2025, Huishang Bank's operating income is approximately 21.1 billion yuan, reflecting a year-on-year increase of about 2.2% [1]. - The net profit for the same period is around 9.3 billion yuan, showing a year-on-year growth of approximately 3.8% [1]. Asset Quality - As of June 30, 2025, the total assets of the group reached approximately 22.5 trillion yuan, representing an increase of about 11.8% since the beginning of the year [2]. - The non-performing loan (NPL) ratio remains low at approximately 0.98%, while the NPL coverage ratio has risen to about 289%, an increase of approximately 3 percentage points compared to the end of the previous year [3]. Management Changes - On July 31, 2025, Huishang Bank announced the resignation of Chairman Yan Chen due to a job transfer, effective immediately [4]. - Yan Chen, who joined Huishang Bank in December 2019 and became chairman in July 2021, has held various significant positions in both the bank and other governmental organizations [4].

Core Viewpoint - Huishang Bank is actively embracing artificial intelligence technology to enhance the operational efficiency of its customer service center by implementing smart service robots for various internal management scenarios [1] Group 1: Exchange Content - The exchange will cover the company's basic information, including company introduction, main business, corporate qualifications, and service team [2] - It will also include an introduction to the application scenarios of smart service robots, detailing system functions, implementation solutions, and product costs [2] - Recent implementation cases in the banking industry over the past two years will be presented [2] - There will be an interactive session for questions and answers [2] Group 2: Vendor Qualification Requirements - Companies must be legally registered entities in the People's Republic of China with good operating conditions and no serious violations or credit issues [3] - They should have the capability to provide construction plans and implementation for smart service robot application scenarios, with project cases implemented in domestic commercial banks after January 1, 2023 [3] - Personnel from participating companies must have project experience and be core members for subsequent project implementation [3] Group 3: Registration Requirements - Interested companies must submit their registration information and relevant materials, including company profile, business license, organizational code certificate, credit information, qualification certificates, and bank case studies, by August 10, 2025 [4] Group 4: Exchange Date and Location - The specific date, location, and method for the exchange will be notified later [5] Group 5: Contact Information - The contact person for the exchange is Fang Guoping, and the email address is fangguoping@hsbank.com.cn [6]

Core Viewpoint - Huishang Bank announced the resignation of Chairman Yan Chen due to "job transfer," effective July 30, with Yan being appointed as the Director of the Henan Provincial Department of Industry and Information Technology [2][5]. Group 1: Leadership Changes - Yan Chen, born in August 1972, holds a PhD in Economics from Renmin University of China and has a rich career history, including roles at the National Development Bank and various positions in the Anhui provincial government [9][11]. - During Yan's tenure, Huishang Bank experienced continuous asset growth, surpassing 2 trillion yuan by the end of 2024, but the growth rate of net profit has slowed down significantly [11][12]. - The bank's new leadership will be temporarily managed by Executive Director and President Kong Qinglong until a new chairman is elected [12]. Group 2: Financial Performance - Huishang Bank's total assets grew from 1.2717 trillion yuan in 2020 to 2.0138 trillion yuan in 2024, with operating income increasing from 32.29 billion yuan to 37.13 billion yuan during the same period [12]. - The cumulative net profit rose from 9.57 billion yuan in 2020 to 15.917 billion yuan in 2024, but the year-on-year growth rate of net profit declined from 19.8% in 2021 to 6.18% in 2024 [12]. Group 3: Company Background - Established on April 4, 1997, Huishang Bank is the first regional joint-stock commercial bank formed by the merger of urban commercial banks and credit cooperatives in Anhui Province [13]. - The bank was listed on the Hong Kong Stock Exchange in November 2013 and has been preparing for an A-share IPO since 2015, with ongoing listing guidance as of July 2024 [14].

Group 1 - InnoCare (02577.HK) has partnered with NVIDIA to promote the large-scale implementation of the 800 VDC power architecture in AI data centers, which is designed for efficient power supply in megawatt-level computing infrastructure [1] - The 800 VDC system offers significant advantages over traditional 54V systems in terms of efficiency, thermal loss, and reliability, enabling a 100-1000 times increase in AI computing power [1] - The company's third-generation GaN devices provide a comprehensive power solution from 800V input to GPU terminals, covering a voltage range from 15V to 1200V [1] Group 2 - China Ruyi (00136.HK) received a strategic investment of HKD 3.9 billion from Wuji Capital to accelerate business expansion and acquisition plans [2] - LEPU Biopharma-B (02157.HK) has authorized T-cell connector technology with an upfront payment of USD 10 million and potential milestone payments of up to USD 850 million [2] - Sinopec Engineering (02386.HK) signed a front-end engineering design (FEED) contract for a large green hydrogen project in Yanbu, Saudi Arabia [2] Group 3 - Geely Automobile (00175.HK) reported total vehicle sales of 237,700 units in July, a year-on-year increase of 58% [3] - Great Wall Motors (02333.HK) achieved approximately 104,372 vehicle sales in July, reflecting a year-on-year growth of 14.34% [3] - NIO-SW (09866.HK) delivered 21,017 vehicles in July [3]

Core Viewpoint - Huishang Bank (03698.HK) reported positive mid-year results for the period ending June 30, 2025, with significant growth in total assets, operating income, and net profit, indicating a strong performance in serving the real economy and managing asset quality [1] Financial Performance - Total assets reached approximately RMB 2.25 trillion, an increase of about 11.8% compared to the beginning of the year [1] - Operating income was approximately RMB 21.1 billion, reflecting a year-on-year growth of about 2.2% [1] - Net profit amounted to approximately RMB 9.3 billion, showing a year-on-year increase of about 3.8% [1] Asset Quality - The asset quality level continued to improve, with a non-performing loan (NPL) ratio of approximately 0.98% [1] - The NPL provision coverage ratio increased to approximately 289%, up about 3 percentage points from the end of the previous year [1] Strategic Initiatives - The bank's positive performance is attributed to its commitment to serving the real economy and increasing credit investment in key areas [1] - The bank has focused on optimizing its asset structure and managing liabilities effectively [1] - Various measures have been implemented to enhance the disposal of non-performing assets, yielding good results [1]

Group 1 - The core viewpoint of the article highlights Huishang Bank's positive financial performance for the six months ending June 30, 2025, with total assets reaching approximately RMB 2.25 trillion, an increase of about 11.8% compared to the beginning of the year [1] - The bank reported operating income of approximately RMB 21.1 billion, reflecting a year-on-year growth of about 2.2% [1] - Net profit for the period was approximately RMB 9.3 billion, showing a year-on-year increase of about 3.8% [1] Group 2 - The asset quality of the bank continues to improve, with a non-performing loan (NPL) ratio of approximately 0.98% and a NPL provision coverage ratio of about 289%, which is an increase of approximately 3 percentage points compared to the end of the previous year [1] - The bank attributes its favorable mid-year performance to several factors, including a commitment to serving the real economy, increased credit investment in key areas, balanced business development, optimized asset structure, and effective management of liabilities [1] - The bank has also implemented various measures to enhance the disposal of non-performing assets, achieving satisfactory results [1]

Core Viewpoint - Huishang Bank (03698) reported a positive performance for the six months ending June 30, 2025, with significant growth in total assets, operating income, and net profit, indicating a strong financial position and improved asset quality [1] Financial Performance - Total assets reached approximately RMB 2.25 trillion, representing a growth of about 11.8% compared to the beginning of the year [1] - Operating income was approximately RMB 21.1 billion, showing a year-on-year increase of about 2.2% [1] - Net profit amounted to approximately RMB 9.3 billion, reflecting a year-on-year growth of about 3.8% [1] Asset Quality - The bank's asset quality continues to improve, with a non-performing loan (NPL) ratio of approximately 0.98% [1] - The NPL coverage ratio increased to approximately 289%, up about 3 percentage points from the end of the previous year [1] Strategic Initiatives - The bank attributes its positive mid-year performance to its commitment to serving the real economy and increasing credit investment in key areas [1] - There is a focus on balanced business development and continuous optimization of asset structure and liability management [1] - The bank has implemented various measures to enhance the disposal of non-performing assets, achieving satisfactory results [1]

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公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Huishang Bank Corporation Limited* 徽商銀行股份有限公司 * （於中華人民共和國註冊成立的股份有限公司） 徽商銀行股份有限公司* 董事會 中國安徽省合肥市 2025年8月1日 於本公告日期，本行董事會成員包括執行董事孔慶龍；非執行董事馬淩霄、 盧浩、王朝暉、左敦禮、Gao Yang（高央）及王文金；獨立非執行董事戴培昆、 周亞娜、劉志強、殷劍峰、黃愛明及徐佳賓。 徽商銀行股份有限公司（「本行」，連同其附屬公司稱為「本集團」）謹此知會本行股 東及潛在投資者，根據本集團未經審閱的綜合管理賬目的初步測算，截至2025年 6月30日止六個月，本集團資產總額約人民幣2.25萬億元，較年初增長約11.8%； 營業收入約人民幣211億元，同比增長約2.2%；淨利潤約人民幣93億元，同比增 長約3.8%；資產質量水平持續向好，風險抵補能力進一步增強，不良貸款率約 0.98%，不良貸款撥 ...

Core Viewpoint - Yancheng has resigned from multiple positions at Huishang Bank, including Chairman, with immediate effect, and there are no disagreements with the board [1] Group 1: Resignation Details - Yancheng's resignation includes roles as Chairman, Executive Director, and various committee positions [1] - The board expressed gratitude for Yancheng's performance during his tenure, highlighting his diligence and responsibility [1] - The bank will announce a successor for the Chairman and Executive Director roles in due course [1] Group 2: Career Transition - Yancheng has been appointed as the Director of the Henan Provincial Department of Industry and Information Technology, marking a transition from banking to local government [5] - His career spans academia, policy finance, local government, and commercial banking, showcasing a diverse professional background [7] Group 3: Huishang Bank's Performance Under Yancheng - Under Yancheng's leadership, Huishang Bank's total assets grew from 1.4 trillion yuan in 2021 to over 2 trillion yuan by 2024, reflecting a growth of over 50% [13] - The bank's net profit increased from 11.79 billion yuan in 2021 to 15.92 billion yuan in 2024, with a compound growth rate of approximately 9% [13] - The non-performing loan ratio decreased from 1.78% in January 2021 to 0.99% in 2024, indicating improved asset quality [14] Group 4: Governance and Compliance - Yancheng's tenure contrasts sharply with the previous three chairmen, who faced disciplinary actions for various violations [15][22] - His multifaceted experience allowed him to strengthen internal controls, leading to a significant reduction in non-performing loans and an increase in provision coverage [23]

监管 01 国常会：部署实施个人消费贷款贴息政策与服务业经营主体贷款贴息政策 7月31日讯，据央视新闻，李强主持召开国务院常务会议，部署实施个人消费贷款贴息政策与服务业经营主体贷款 贴息政策。 04 廊坊银行被罚195.7万元 7月31日讯，中国人民银行河北省分行公布的行政处罚信息显示，廊坊银行因"违反金融统计管理规定；违反账户 管理规定；违反金融科技管理规定；占压财政存款或资金；未按规定履行客户身份识别义务；未按规定报送大额 交易报告或者可疑交易报告；违反信用信息采集、提供、查询相关管理规定"，被监管警告，罚款195.7万元。 05 02 央行：截至6月末，全国共有小额贷款公司4974家 7月31日讯，央行发布2025年二季度小额贷款公司统计数据报告，截至2025年6月末，全国共有小额贷款公司4974 家。贷款余额7361亿元，上半年减少187亿元。 银行 03 徽商银行董事长离任 7月31日讯，徽商银行（3698.HK）公告称，因工作调动，该行董事长严琛于2025年7月30日辞任该行董事长、执 行董事等一系列职务，其辞任自即日起生效。 青岛银行发布2025年半年度业绩快报 7月31日，青岛银行（00294 ...