Core Viewpoint - Harbin Bank is undergoing significant reforms and transformations in 2023, focusing on enhancing its balance sheet and income statement while actively serving the real economy and managing risks, leading to a gradual increase in investment value [1] Group 1: Financial Performance - In the first half of 2025, Harbin Bank achieved revenue of RMB 7.3855 billion, a year-on-year increase of 2.59%, and a net profit of RMB 992.1 million, up 17.28% [4] - The bank's total assets reached RMB 9,275.275 billion, growing by 1.23% from the end of the previous year, with customer loans totaling RMB 3,975.663 billion, an increase of 4.87% [4] - The non-performing loan balance was RMB 11.2697 billion, with a non-performing loan ratio of 2.83%, down 0.01 percentage points from the end of the previous year, and a provision coverage ratio of 209.95%, up 7.36 percentage points [4] Group 2: Service to the Real Economy - Harbin Bank is focusing its credit resources on key sectors such as manufacturing, technology, green finance, and small and micro enterprises, with a total of RMB 16.918 billion in inclusive small and micro enterprise loans issued during the reporting period, an increase of RMB 1.62 billion year-on-year [5] - The balance of agricultural loans reached RMB 32.2104 billion, supporting food production and rural revitalization efforts [5] Group 3: International Expansion and Competitive Advantage - The bank is actively participating in the "dual circulation" development pattern and the Belt and Road Initiative, establishing partnerships with over a hundred financial institutions in 13 Belt and Road countries [6] - Harbin Bank has seen a significant increase in cross-border financial services, with the number of cross-border clients doubling year-on-year [6][7] - The bank's stock price has shown recovery, supported by stable performance and improved asset quality, aligning with market demand for bank stocks with high safety margins and growth certainty [7]

Core Insights - Harbin Bank reported a total asset of 927.5275 billion yuan as of June 30, 2025, an increase of 11.2956 billion yuan, representing a growth of 1.23% compared to the end of the previous year [1] - The bank's net profit for the first half of 2025 was 0.9921 billion yuan, an increase of 0.1462 billion yuan, reflecting a growth of 17.28% year-on-year [1] Financial Performance - Total customer loans and advances amounted to 397.5663 billion yuan, up by 18.4724 billion yuan, with a growth rate of 4.87% [1] - Total customer deposits reached 695.0559 billion yuan, increasing by 1.3765 billion yuan, a growth of 0.20% [1] - The net profit attributable to shareholders of the parent company was 0.9154 billion yuan, an increase of 0.1523 billion yuan, with a growth rate of 19.96% [1] Profitability Ratios - Average return on total assets was 0.22%, up by 0.02 percentage points year-on-year [1] - Average return on equity was 2.07%, an increase of 0.57 percentage points compared to the previous year [1] Loan Quality - As of June 30, 2025, the non-performing loan balance was 11.2697 billion yuan, with a non-performing loan ratio of 2.83%, a decrease of 0.01 percentage points from the end of the previous year [1] - The provision coverage ratio was 209.95%, an increase of 7.36 percentage points from the end of the previous year [1] - The loan impairment loss provision ratio was 5.95%, up by 0.20 percentage points compared to the previous year [1]

Core Viewpoint - Harbin Bank reported its mid-year performance for 2025, showing steady growth in assets, loans, and profits, while maintaining a strong focus on supporting the real economy and enhancing financial services [1][2]. Financial Performance - As of June 30, 2025, the total assets of the group reached RMB 927.275 billion, an increase of RMB 11.296 billion, or 1.23% from the end of the previous year [1] - Total customer loans and advances amounted to RMB 397.566 billion, up RMB 18.472 billion, or 4.87% [1] - Total customer deposits were RMB 695.056 billion, with a slight increase of RMB 1.376 billion, or 0.20% [1] - The group achieved operating income of RMB 7.386 billion, a year-on-year increase of 2.59% [1] - Net profit reached RMB 992.1 million, up RMB 146.2 million, or 17.28% [1] - The non-performing loan balance was RMB 11.2697 billion, with a non-performing loan ratio of 2.83%, down 0.01 percentage points from the end of the previous year [1] Support for Real Economy - The group emphasized its commitment to supporting the real economy, focusing on high-quality development and enhancing financial services for various sectors [2] - It increased credit support for key areas such as technology finance, green finance, and inclusive finance, particularly in manufacturing and agriculture [2] - Company loans totaled RMB 233.2248 billion, representing 58.7% of total loans, with a growth of RMB 27.8198 billion [2] Inclusive Finance Initiatives - The group launched a new digital retail credit product, "Qian Dao Jia," aimed at small and micro enterprises, achieving a loan issuance of RMB 16.918 billion, up RMB 1.62 billion year-on-year [3] - The balance of inclusive loans reached RMB 41.198 billion, with an annual growth rate of 11.72% [3] - The group introduced various agricultural financing products to support local farmers and enhance rural economic development [3] Retail Banking Development - Retail banking is a key focus, with total retail deposits reaching RMB 509.9701 billion, an increase of RMB 9.9931 billion, or 2.0% [5] - The group aims to enhance customer service through a "financial + non-financial" comprehensive service model, catering to diverse customer needs [5] - The number of retail customers grew to 15.0823 million, with a financial asset balance of RMB 542.076 billion [5] Cross-Border Business Growth - The group actively engaged in cross-border financial services, establishing partnerships with over a hundred financial institutions in 13 Belt and Road countries [7] - Cross-border settlement business volume saw significant growth, enhancing the group's international financial service capabilities [7][8] Digital Transformation - The group is advancing its "Digital Harbin Bank" initiative, focusing on enhancing technology support and innovation capabilities [9] - Efforts include optimizing the international settlement system and improving data governance to streamline business processes [8][9] Risk Management - The group maintains a prudent risk management approach, enhancing its risk management framework to ensure sustainable business development [10][11] - Continuous improvement in risk identification, measurement, and monitoring processes is emphasized to support high-quality growth [11]

Core Viewpoint - Harbin Bank is undergoing significant transformation and reform, focusing on enhancing its balance sheet and income statement while actively serving the real economy and managing risks, leading to improved operational performance and investment value [1] Group 1: Financial Performance - In the first half of 2025, Harbin Bank achieved revenue of RMB 7.3855 billion, a year-on-year increase of 2.59%, and a net profit of RMB 992.1 million, up 17.28% [3] - The bank's total assets reached RMB 9,275.275 billion, growing by 1.23% from the end of the previous year, with customer loans totaling RMB 3,975.663 billion, an increase of 4.87% [3] - The non-performing loan balance was RMB 11.2697 billion, with a non-performing loan ratio of 2.83%, a decrease of 0.01 percentage points from the previous year [3] Group 2: Asset Quality and Risk Management - The bank's provision coverage ratio improved to 209.95%, an increase of 7.36 percentage points, significantly exceeding the regulatory requirement of 150% [3] - This strong asset quality provides a buffer against potential risks and allows for future profit release [3] Group 3: Service to the Real Economy - Harbin Bank is focusing its credit resources on key sectors such as manufacturing, technology, green finance, and small and micro enterprises, with a total of RMB 16.918 billion in loans to small and micro enterprises, an increase of RMB 1.62 billion year-on-year [4] - The bank's agricultural loans reached RMB 32.2104 billion, supporting food production and rural revitalization efforts [4] Group 4: International Cooperation and Cross-Border Services - The bank has established partnerships with over a hundred financial institutions in 13 countries along the Belt and Road, promoting cross-border RMB payment services [5] - The total volume of cross-border settlement business saw significant growth during the reporting period, enhancing the bank's international financial service capabilities [5] Group 5: Market Position and Future Outlook - Harbin Bank's stock price has shown recovery, supported by stable performance and improved asset quality, aligning with market demand for banks with high safety margins and growth certainty [6] - The ongoing national strategies such as Northeast revitalization and the Belt and Road Initiative are expected to further enhance the bank's regional and competitive advantages, leading to improved operational performance and valuation [6]

Performance Summary - China Railway Construction (01186.HK) reported a revenue of 489.2 billion yuan, a decrease of 5.2% year-on-year, with a net profit of approximately 10.7 billion yuan, down 10.1% [2] - Industrial and Commercial Bank of China (01398.HK) achieved a revenue of 409.1 billion yuan, an increase of 1.8% year-on-year, while net profit fell by 1.4% to 168.1 billion yuan [2] - Agricultural Bank of China (01288.HK) recorded a revenue of 369.79 billion yuan, up 0.7% year-on-year, and a net profit of 139.51 billion yuan, an increase of 2.66% [2] - China Construction Bank (00939.HK) reported a revenue of 385.91 billion yuan, a 3% increase year-on-year, with net profit around 162.08 billion yuan, down 1.4% [2] - Bank of China (03988.HK) had a revenue of 329.42 billion yuan, up 3.61% year-on-year, while net profit decreased by 0.85% to 117.59 billion yuan [2] - Postal Savings Bank of China (01658.HK) reported a revenue of 179.53 billion yuan, a 1.5% increase year-on-year, with net profit of 49.23 billion yuan, up 0.85% [2] - China Merchants Bank (03968.HK) achieved a revenue of 169.92 billion yuan, down 1.7% year-on-year, while net profit increased by 0.3% to 74.93 billion yuan [2] - Bank of Communications (03328.HK) reported a revenue of 133.50 billion yuan, up 0.7% year-on-year, with net profit of 46.02 billion yuan, an increase of 1.6% [2] - Minsheng Bank (01988.HK) had a revenue of 70.70 billion yuan, up 7.8% year-on-year, while net profit decreased by 4.9% to 21.38 billion yuan [2] - China Everbright Bank (06818.HK) reported a revenue of 65.95 billion yuan, down 5.6% year-on-year, with net profit of 24.62 billion yuan, an increase of 0.55% [2] - BYD Company (01211.HK) achieved a revenue of 371.28 billion yuan, up 23.3% year-on-year, with net profit of 15.51 billion yuan, an increase of 13.8% [2] - China Communications Construction Company (01800.HK) reported a revenue of 335.45 billion yuan, down 5.8% year-on-year, with net profit of 9.99 billion yuan, down 16.9% [2] - Lenovo Holdings (03396.HK) achieved a revenue of 281.59 billion yuan, up 21% year-on-year, with net profit of 699 million yuan, an increase of 144% [2] - Great Wall Motors (02333.HK) reported a revenue of 92.34 billion yuan, up 1% year-on-year, with net profit of 6.34 billion yuan, down 10.2% [2] - BYD Electronics (00285.HK) achieved a revenue of 80.61 billion yuan, up 2.6% year-on-year, with net profit of 1.73 billion yuan, an increase of 14% [2] - Country Garden (02007.HK) reported a revenue of 72.57 billion yuan, with a net loss of 19.078 billion yuan [2] - China Reinsurance (01508.HK) achieved a revenue of 61.03 billion yuan, up 0.6% year-on-year, with net profit of 6.244 billion yuan, an increase of 9.03% [2] - Yanzhou Coal Mining Company (01171.HK) reported a revenue of 53.966 billion yuan, down 13.17% year-on-year, with net profit of 4.731 billion yuan, down 38.7% [2] - Jitu Express (01519.HK) achieved a revenue of 5.499 billion USD, up 13.1% year-on-year, with net profit of 156 million USD, an increase of 147.1% [2] - AVIC Industry (02357.HK) reported a revenue of 37.465 billion yuan, up 11.43% year-on-year, with net profit of 1.03 billion yuan, down 17.67% [2] - CITIC Financial Assets (02799.HK) achieved a revenue of 31.136 billion yuan, up 2.9% year-on-year, with net profit of 6.168 billion yuan, an increase of 15.7% [2] - Bank of China Hong Kong (02388.HK) reported a net interest income of 25.06 billion HKD, down 3.5% year-on-year, with net profit of 22.12 billion HKD, an increase of 10.54% [2] - Zoomlion Heavy Industry (01157.HK) achieved a revenue of 24.855 billion yuan, up 1.3% year-on-year, with net profit of 2.765 billion yuan, an increase of 20.84% [2] - New Town Development (01030.HK) reported a revenue of 22.1 billion yuan, down 34.82% year-on-year, with net profit of 895 million yuan, down 32.11% [2] - Huatai Securities (06886.HK) achieved a revenue of approximately 20.98 billion yuan, up 5.86% year-on-year, with net profit of 7.549 billion yuan, an increase of 42.16% [2] - China Sanjiang Chemical (02198.HK) reported a revenue of 9.106 billion yuan, down 1.5% year-on-year, with net profit of 301 million yuan, an increase of 95.5% [2] - Tianjin Bank (01578.HK) achieved a revenue of 8.828 billion yuan, up 0.8% year-on-year, with net profit of 1.988 billion yuan, an increase of 1.1% [2] - Harbin Bank (06138.HK) reported a revenue of 7.386 billion yuan, up 2.6% year-on-year, with net profit of 915 million yuan, an increase of 20% [2] - Qingjian International (01240.HK) achieved a revenue of approximately 4.404 billion HKD, down 9.8% year-on-year, with net profit of 2.992 million HKD, an increase of 25.6% [2] - Xingye Alloy (00505.HK) reported a revenue of 4.389 billion yuan, up 22.1% year-on-year, with net profit of 106 million yuan, down 24.7% [2] - 3SBio (01530.HK) achieved a revenue of 4.355 billion yuan, down 0.8% year-on-year, with net profit of 1.358 billion yuan, an increase of 24.6% [2] - Huya Technology (01860.HK) reported a revenue of 938 million USD, up 47% year-on-year, with adjusted EBITDA of 88.681 million USD, an increase of 41% [2] - Haitong Securities (01905.HK) achieved a revenue of 3.521 billion yuan, down 12.6% year-on-year, with net profit of 785 million yuan, down 3.4% [2] - Dazhong Public Utilities (01635.HK) reported a revenue of approximately 3.449 billion yuan, down 5.8% year-on-year, with net profit of approximately 333 million yuan, an increase of 172.6% [2] Company News - China Biologic Products (01177.HK) received approval for the launch of Zongaitini tablets for the treatment of HER2-mutant non-small cell lung cancer [3] - Shandong High-Speed New Energy (01250.HK) reported a total operating power generation of approximately 3.6744 million MWh, an increase of approximately 6.9% year-on-year [3] - Fosun International (00656.HK) reached a settlement with Cainiao regarding a share buyback involving 350 million USD [3] Buyback Activities - Tencent Holdings (00700.HK) repurchased approximately 55 million HKD worth of shares, buying back 919,000 shares at prices ranging from 594.5 to 605 HKD [3] - China Hongqiao (01378.HK) repurchased approximately 22.7 million HKD worth of shares, buying back 8.9235 million shares at a price of 25.44 HKD [3] - HSBC Holdings (00005.HK) repurchased approximately 15.3 million HKD worth of shares, buying back 1.5276 million shares at prices ranging from 99.8 to 100.7 HKD [3] - Hang Seng Bank (00011.HK) repurchased approximately 2.3517 million HKD worth of shares, buying back 210,000 shares at prices ranging from 111.5 to 112.5 HKD [3] - MGM China (02282.HK) repurchased approximately 1.60602 million HKD worth of shares, buying back 1 million shares at prices ranging from 15.92 to 16.27 HKD [3] - Sinopec Engineering (02386.HK) canceled 136,500 shares that had been repurchased [3]

Core Viewpoint - Harbin Bank (06138) announced the resignation of Mr. Hou Bojian as an independent non-executive director after serving for six consecutive years, in accordance with the Corporate Governance Guidelines for Banking and Insurance Institutions and the company's Articles of Association [1] Group 1 - Mr. Hou Bojian has resigned from his positions as independent non-executive director, member of the Risk Management and Related Party Transaction Control Committee, Nomination and Remuneration Committee, and Audit Committee [1]

Core Insights - Harbin Bank reported a net profit of RMB 992.1 million for the first half of 2025, an increase of RMB 146.2 million year-on-year, representing a growth rate of 17.28% [1] - The net profit attributable to shareholders of the parent company was RMB 915.4 million, up RMB 152.3 million year-on-year, with a growth rate of 19.96% [1] - The bank's average return on total assets was 0.22%, an increase of 0.02 percentage points year-on-year [1] - The average return on equity was 2.07%, up 0.57 percentage points year-on-year [1] Financial Performance - As of June 30, 2025, the total assets of Harbin Bank amounted to RMB 9,275.275 billion, an increase of RMB 112.956 billion from the end of the previous year, reflecting a growth rate of 1.23% [1] - The total amount of customer loans and advances reached RMB 3,975.663 billion, an increase of RMB 184.724 billion, with a growth rate of 4.87% [1] - Customer deposits totaled RMB 6,950.559 billion, with a slight increase of RMB 13.765 billion, representing a growth rate of 0.20% [1] Asset Quality - The non-performing loan balance stood at RMB 112.697 billion, with a non-performing loan ratio of 2.83%, a decrease of 0.01 percentage points from the end of the previous year [1] - The provision coverage ratio was 209.95%, an increase of 7.36 percentage points year-on-year [1] - The loan impairment loss provision ratio was 5.95%, up 0.20 percentage points from the end of the previous year, indicating stable risk compensation capacity [1]

Core Viewpoint - Harbin Bank reported a mid-term performance for the six months ending June 30, 2025, showing growth in revenue and net profit, indicating a stable financial position despite slight increases in loans and deposits [1] Financial Performance - The bank achieved an operating income of RMB 7.386 billion, a year-on-year increase of 2.59% [1] - Net profit attributable to shareholders was RMB 915 million, reflecting a year-on-year increase of 19.96% [1] - Basic earnings per share stood at RMB 0.05 [1] Asset and Loan Growth - Total assets reached RMB 927.5275 billion, an increase of RMB 11.2956 billion or 1.23% from the end of the previous year [1] - Total customer loans and advances amounted to RMB 397.5663 billion, up RMB 18.4724 billion, representing a growth of 4.87% [1] - Total customer deposits were RMB 695.0559 billion, with a slight increase of RMB 137.65 million, or 0.20% [1] Asset Quality - The non-performing loan balance was RMB 11.2697 billion, with a non-performing loan ratio of 2.83%, a decrease of 0.01 percentage points from the end of the previous year [1] - The provision coverage ratio improved to 209.95%, an increase of 7.36 percentage points [1] - The loan impairment loss provision ratio was 5.95%, up by 0.20 percentage points [1]

截至2025年6月30日，本行资产总额为9275.275亿元，较上年末增加112.956亿元，增幅1.23%;客户贷款 及垫款总额为3975.663亿元，较上年末增加184.724亿元，增幅4.87%;客户存款总额为6950.559亿元，较 上年末增加13.765亿元，增幅0.20%。 哈尔滨银行(06138)发布截至2025年6月30日止6个月中期业绩，本行取得营业收入人民币73.86亿元(单位 下同)，同比增加2.59%;归属于母公司股东的净利润9.15亿元，同比增加19.96%;基本每股收益0.05元。 截至2025年6月30日，本行不良贷款余额为112.697亿元，不良贷款率为2.83%，较上年末下降0.01个百 分点。拨备覆盖率为209.95%，较上年末上升7.36个百分点;贷款减值损失準备率为5.95%，较上年末上 升0.20个百分点，风险抵补能力保持基本稳定。 ...

格隆汇8月29日丨哈尔滨银行(06138.HK)发布公告，由于侯伯坚已连续六年担任独立非执行董事，根据 相关规定退任，故已提呈辞任独立非执行董事、董事会风险管理及关联交易控制委员会委员、提名及薪 酬考核委员会委员及审计委员会委员职务，自本公告日期生效。 ...