Core Viewpoint - Zhengzhou Bank has demonstrated significant growth in both scale and quality, contributing to the stable development of the real economy through its commitment to serving local economies, small and medium-sized enterprises, and urban and rural residents [1] Group 1: Asset Growth - As of June 30, 2025, Zhengzhou Bank's total assets exceeded 700 billion yuan, reaching 719.738 billion yuan, a year-on-year increase of 11.47%, marking the highest growth rate since 2018 [2] - The bank's loan and advance total reached 406.094 billion yuan, an increase of 18.404 billion yuan or 4.75% compared to the end of the previous year, with both corporate and retail sectors contributing positively [2] Group 2: Revenue and Profitability - In the first half of 2025, Zhengzhou Bank achieved operating income of 6.690 billion yuan, a year-on-year growth of 4.64%, while net profit attributable to shareholders reached 1.627 billion yuan, up 2.1% [3] - The bank's investment income significantly increased by 111.10% to 1.229 billion yuan, highlighting successful diversification in its business operations [3] Group 3: Asset Quality and Risk Management - Zhengzhou Bank's non-performing loan balance stood at 7.165 billion yuan, with a non-performing loan ratio of 1.76%, a decrease of 0.03 percentage points from the end of the previous year, indicating stable and improving asset quality [4] - Key risk indicators include a provision coverage ratio of 179.20% and a capital adequacy ratio of 11.85%, demonstrating strong risk resilience [4] Group 4: Retail Business Development - The bank's retail business revenue reached 1.236 billion yuan in the first half of 2025, a record high for the period, with a year-on-year increase of 3.56% [5] - Personal deposit balances increased to 258.098 billion yuan, up 39.918 billion yuan or 18.3% from the end of the previous year, enhancing the stability and cost advantage of core liabilities [5] - Personal consumption loans exceeded 20.695 billion yuan, with a year-to-date increase of 3.55 billion yuan or 20.72%, and a non-performing rate of only 0.67%, significantly lower than the industry average [5]

Core Viewpoint - Zhengzhou Bank has demonstrated impressive performance in the first half of 2025, with significant growth in assets, revenue, and net profit, reflecting its commitment to serving the local economy and small enterprises [1][2][5]. Asset Growth - As of June 30, 2025, Zhengzhou Bank's total assets reached 719.74 billion yuan, an increase of 43.37 billion yuan from the end of the previous year, marking a year-on-year growth rate of 11.47%, the highest since 2018 [1][2]. - The bank's asset growth is closely aligned with the economic development of Henan province, emphasizing a strategic approach to meet the financing needs of the real economy [2]. Loan and Credit Strategy - The total amount of loans and advances issued by Zhengzhou Bank reached 406.09 billion yuan, with an increase of 18.40 billion yuan, reflecting a growth rate of 4.75% [2]. - The bank's loan structure shows a dual-driven model with corporate loans at 274.62 billion yuan (up 2.11%) and personal loans at 94.56 billion yuan (up 3.96%), indicating a tailored approach to meet diverse customer needs [2]. Retail Business Performance - Retail business income reached 1.236 billion yuan, a record high, with a year-on-year increase of 3.56%, establishing it as a strategic pillar for growth [3]. - Personal deposits surged by 39.92 billion yuan to 258.10 billion yuan, reflecting a growth rate of 18.3%, indicating strong trust from local residents [3][4]. Consumer Loan Growth - Personal consumer loans exceeded 20.6 billion yuan, with a growth rate of 20.72%, while maintaining a low non-performing loan ratio of 0.67%, significantly below the industry average [4][5]. Profitability and Cost Management - The bank achieved an operating income of 6.69 billion yuan, a year-on-year increase of 4.64%, and a net profit of 1.627 billion yuan, up 2.1%, marking two consecutive quarters of growth [5]. - Investment income doubled to 1.229 billion yuan, contributing significantly to profit growth, alongside a reduction in business and management expenses by 6.82% [5]. Risk Management and Capital Strength - As of June 30, 2025, the non-performing loan ratio was 1.76%, down 0.11 percentage points year-on-year, with a provision coverage ratio of 179.20%, indicating strong risk management capabilities [5][6]. - The bank's capital adequacy ratio stood at 11.85%, with core tier 1 capital adequacy at 8.60%, meeting regulatory requirements and showcasing robust capital strength [6]. Future Outlook - Zhengzhou Bank plans to continue its commitment to serving the local economy by directing more financial resources to key sectors, aiming for high-quality regional economic development [7].

Core Viewpoint - Zhengzhou Bank's 2025 semi-annual performance report highlights its commitment to serving local economies, small and medium-sized enterprises, and urban and rural residents, achieving significant growth in assets, revenue, and net profit [1] Group 1: Financial Performance - As of June 30, Zhengzhou Bank's total assets reached 719.74 billion yuan, a year-to-date increase of 6.41% and a year-on-year increase of 11.47%, marking the highest growth rate for the same period since 2018 [2] - The bank's operating income for the first half of 2025 was 6.69 billion yuan, a year-on-year increase of 4.64%, while net profit attributable to shareholders was 1.63 billion yuan, up 2.1% year-on-year [2] Group 2: Retail Transformation - Retail banking has become a key driver of Zhengzhou Bank's high-quality development, with retail income reaching 1.24 billion yuan, a historical high and a year-on-year increase of 3.56% [3] - Personal deposits surged to 258.10 billion yuan, an increase of 39.92 billion yuan or 18.3% from the end of the previous year, significantly improving the bank's liability structure [3] - Personal consumption loans exceeded 20.69 billion yuan, growing 20.72% year-to-date, with a non-performing loan ratio of 0.67%, down 1.14 percentage points from the same period last year [3] Group 3: Asset Quality and Risk Management - Zhengzhou Bank maintained stable asset quality, with a non-performing loan ratio of 1.76%, down 0.11 percentage points year-on-year [4] - As of June 30, the bank's provision coverage ratio was 179.20%, with a capital adequacy ratio of 11.85%, indicating strong risk resilience [4] Group 4: Future Outlook - The bank plans to continue its focus on serving local economies and small businesses, deepen its retail transformation strategy, and enhance risk management while promoting digital transformation [5] - Zhengzhou Bank aims to contribute to regional economic development by aligning with national strategic initiatives, demonstrating its ability to achieve coordinated growth in quality, efficiency, and scale [5]

Core Viewpoint - Zhengzhou Bank has demonstrated strong performance in its mid-year report, achieving significant growth in both scale and quality, with multiple operational indicators breaking historical records [1][6]. Group 1: Asset Scale and Structure - As of June 30, 2023, Zhengzhou Bank's total assets reached 719.738 billion yuan, an increase of 43.373 billion yuan or 6.41% from the end of the previous year [4]. - The bank's loan and advance total exceeded 400 billion yuan, with a year-on-year increase of approximately 18.4 billion yuan, reflecting a growth rate of 4.75% [4]. - The non-performing loan ratio decreased by 0.11 percentage points to 1.76% compared to the same period last year, indicating improved asset quality [4][5]. Group 2: Revenue and Profit Growth - Zhengzhou Bank reported operating income of 6.690 billion yuan, a year-on-year increase of 4.64%, and a net profit attributable to shareholders of 1.627 billion yuan, up 2.1% from the previous year [6]. - Investment income reached 1.229 billion yuan, showing a remarkable growth of 111.10% year-on-year, marking the best performance for the same period since 2021 [6]. - The bank achieved a reduction in business and management expenses by 1.07 billion yuan, a decrease of 6.82%, effectively enhancing profitability [6]. Group 3: Retail Transformation - The retail business generated 1.236 billion yuan in revenue, a historical high with a year-on-year growth of 3.56% [9]. - Personal deposits surged to 258.1 billion yuan, an increase of nearly 40 billion yuan or 18.3% from the end of the previous year, positioning the bank among the top in domestic city commercial banks [9]. - Personal consumption loans reached 20.695 billion yuan, with a year-to-date increase of 3.55 billion yuan, reflecting a growth rate of 20.72% [10].

Core Viewpoint - Zhengzhou Bank has demonstrated strong performance in the first half of 2025, achieving simultaneous growth in both revenue and profit, reflecting its commitment to serving the local economy and small enterprises [1][8]. Group 1: Financial Performance - As of June 30, 2025, Zhengzhou Bank's total assets reached 719.738 billion yuan, a year-on-year increase of 11.47% [1]. - The bank's operating income for the first half of 2025 was 6.690 billion yuan, up 4.64% year-on-year, while net profit attributable to shareholders was 1.627 billion yuan, reflecting a 2.1% increase [1]. - The bank's asset scale has shown steady growth, crossing the 700 billion yuan mark in the first quarter of 2025, with a significant increase in asset growth rate compared to previous years [2][3]. Group 2: Loan and Credit Management - By the end of June 2025, the total amount of loans and advances issued by Zhengzhou Bank was 406.094 billion yuan, an increase of 18.404 billion yuan, representing a growth of 4.75% [3]. - The bank's corporate loans amounted to 274.623 billion yuan, with a year-on-year increase of 2.11%, while personal loans reached 94.556 billion yuan, up 3.96% [3]. Group 3: Operational Efficiency - Zhengzhou Bank achieved an investment income of 1.229 billion yuan, a remarkable year-on-year growth of 111.10%, despite a narrowing net interest margin [4]. - The bank reduced its business and management expenses to 1.468 billion yuan, a decrease of 1.07 billion yuan, or 6.82% year-on-year, showcasing effective cost management [4]. Group 4: Risk Management - As of June 30, 2025, Zhengzhou Bank's non-performing loan balance was 7.165 billion yuan, with a non-performing loan ratio of 1.76%, down 0.11 percentage points from the previous year [5]. - The bank's provision coverage ratio stood at 179.20%, with a capital adequacy ratio of 11.85%, indicating strong risk management capabilities [5]. Group 5: Retail Banking Development - Zhengzhou Bank's retail banking segment generated an income of 1.236 billion yuan, marking a year-on-year increase of 3.56% [6][7]. - Personal deposits surged to 258.098 billion yuan, an increase of 39.918 billion yuan, or 18.3%, enhancing the bank's liability structure [7]. - The bank's personal consumption loan balance reached 20.695 billion yuan, with a growth rate of 20.72%, while maintaining a low non-performing loan ratio of 0.67% [7].

Core Viewpoint - Zhengzhou Bank's 2025 mid-year report indicates stable growth in assets and income, but faces challenges from narrowing net interest margins and potential asset quality pressures [1][2][4]. Financial Performance - As of June 30, 2025, total assets reached 719.738 billion yuan, a 6.41% increase from the previous year [1] - Operating income was 6.690 billion yuan, up 4.64% year-on-year [1] - Net profit attributable to shareholders was 1.627 billion yuan, reflecting a 2.10% increase [1] - Net interest income was 5.351 billion yuan, a slight increase of 1.04% [1][2] - Non-interest income totaled 1.339 billion yuan, a significant increase of 22.02% [1][3] Asset Quality - The non-performing loan (NPL) ratio stood at 1.76%, a decrease of 0.03 percentage points from the previous year [1][4] - Credit impairment losses increased by 10.86% year-on-year, indicating a cautious approach to potential risks [1][2] - The total amount of non-performing loans rose by 2.42 million yuan to 7.165 billion yuan [4][5] - Overdue loans increased by 1.550 billion yuan to 21.088 billion yuan, with an overdue loan ratio of 5.19% [5] Revenue Structure - Interest income accounted for 79.98% of total income, indicating a traditional banking model [3] - Non-interest income growth was primarily driven by investment income, which surged by 111.10% to 1.229 billion yuan [3] - Fee and commission income decreased by 11.94%, highlighting challenges in traditional intermediary business [3] Regulatory Indicators - The bank's provision coverage ratio was 179.20%, and the loan provision ratio was 3.16%, both within industry standards [1][4] - The bank's capital adequacy ratios met regulatory requirements, indicating a stable financial position [1] Strategic Outlook - The bank's future growth is closely tied to its ability to adapt to digital transformation and optimize its asset and client structure [6] - Current market valuations are low, reflecting pessimism about industry challenges, but may offer opportunities for long-term investors [6]

Core Viewpoint - Zhengzhou Bank is proposing amendments to its articles of association, including the abolition of the supervisory board, which will be replaced by the audit committee of the board of directors [3][4][8]. Group 1: Amendments to Articles of Association - The proposed amendments involve the removal of the supervisory board and its committees, with responsibilities being transferred to the audit committee of the board [4][6]. - The amendments aim to align with the new Company Law and other regulatory requirements, adjusting the powers of the shareholders' meeting and the board of directors [3][4][6]. - The revised articles will take effect upon approval from the Henan Regulatory Bureau of the National Financial Supervision Administration [4][8]. Group 2: Shareholder Meeting Agenda - The first extraordinary general meeting of shareholders is scheduled for September 18, 2025, at 9 AM [2]. - The agenda includes the announcement of the meeting, review of proposals, election of vote counters, and announcement of voting results [2][5]. - The meeting will also address the proposed amendments to the articles of association and the rules of the shareholders' meeting [5][9]. Group 3: Other Proposed Amendments - The company is also proposing revisions to the rules governing the shareholders' meeting and the board of directors, reflecting the changes in the supervisory structure [6][7]. - These revisions will include adjustments to the powers of the board and the introduction of employee directors [7].

Meeting Overview - Zhengzhou Bank will hold its first extraordinary general meeting of shareholders, first A-share class meeting, and first H-share class meeting on September 18, 2025, starting at 9:00 AM [1][2] - The meetings will be conducted in compliance with relevant laws, regulations, and the bank's articles of association [2] Voting Details - The meetings will allow both on-site voting and online voting through the Shenzhen Stock Exchange's internet voting system, with voting times from 9:15 AM to 3:00 PM on the same day [2][3] - A-share shareholders can choose one voting method: on-site, trading system, or internet voting, with the first valid vote being counted in case of duplicates [2][3] Attendance and Registration - The record date for shareholders to attend the meeting is September 15, 2025 [3] - All registered A-share ordinary shareholders can attend, and they may appoint a proxy to represent them [3][6] - Registration for attendance will take place from September 15 to September 18, 2025, at the bank's headquarters [6] Agenda Items - The agenda includes two special resolutions that require approval from at least two-thirds of the voting rights held by attending shareholders [5][4] - The specific content of the proposals will be disclosed on the bank's official website prior to the meeting [5][4] Contact Information - For inquiries, shareholders can contact the bank's representatives via provided phone numbers and email [6]

Core Viewpoint - Zhengzhou Bank demonstrated strong growth in both assets and profitability in the first half of 2025, achieving a total asset of 719.738 billion yuan, a year-on-year increase of 11.47%, along with continuous growth in operating income and net profit [1][2]. Group 1: Scale and Efficiency - As of mid-2025, Zhengzhou Bank's total assets reached 719.738 billion yuan, an increase of 43.373 billion yuan from the end of the previous year, marking a growth rate of 6.41% [2]. - The year-on-year growth rate of 11.47% is the highest since 2018, indicating a significant acceleration in the bank's growth trajectory [2]. - The bank's operating income for the first half of 2025 was 6.690 billion yuan, a year-on-year increase of 4.64%, while net profit reached 1.627 billion yuan, up 2.10% [1][3]. Group 2: Strategic Transformation and Business Optimization - Zhengzhou Bank's retail business revenue reached 1.236 billion yuan in the first half of 2025, a year-on-year increase of 3.56%, reflecting successful retail transformation efforts [4]. - Personal deposits surged to 258.098 billion yuan, an increase of 39.918 billion yuan from the end of the previous year, with a growth rate of 18.3% [4]. - The bank's total loans and advances amounted to 406.094 billion yuan, an increase of 18.404 billion yuan, with personal consumption loans reaching 20.695 billion yuan, up 20.72% [5][6]. Group 3: Asset Quality and Risk Management - As of June 2025, Zhengzhou Bank's non-performing loan balance was 7.165 billion yuan, with a non-performing loan ratio of 1.76%, down 0.11 percentage points year-on-year [7]. - The bank's provision coverage ratio stood at 179.20%, with capital adequacy ratios meeting regulatory requirements, indicating strong risk resilience [7].

Core Viewpoint - Zhengzhou Bank has demonstrated strong performance in the first half of 2025, achieving simultaneous growth in both revenue and profit, amidst a complex economic environment [1][3]. Financial Performance - The bank reported operating income of 6.69 billion yuan, an increase of 4.64% year-on-year, and a net profit attributable to shareholders of 1.63 billion yuan, up 2.1% year-on-year [3]. - This marks the second consecutive quarter of year-on-year growth in both operating income and net profit, indicating a stable and sustainable growth trajectory for the bank's profitability [3]. Asset Growth - As of the end of June 2025, Zhengzhou Bank's total assets reached 719.74 billion yuan, an increase of 43.37 billion yuan from the end of the previous year [5]. - The bank's asset growth has accelerated, with the latest "billion" growth cycle taking only two years, compared to three years previously, reflecting the bank's robust capacity to support regional economic development [5]. Loan and Deposit Performance - The total amount of loans and advances issued by Zhengzhou Bank reached 406.09 billion yuan, an increase of 18.40 billion yuan, or 4.75%, from the end of the previous year [6]. - Personal deposits grew significantly, with a balance of 258.10 billion yuan, an increase of 39.92 billion yuan, or 18.3%, positioning the bank among the top performers in the domestic city commercial bank sector [8]. Risk Management - As of June 2025, the non-performing loan balance stood at 7.17 billion yuan, with a non-performing loan ratio of 1.76%, down 0.11 percentage points year-on-year, indicating stable asset quality [10]. - The bank's provision coverage ratio was 179.20%, and its capital adequacy ratio was 11.85%, demonstrating strong risk management capabilities and compliance with regulatory requirements [10].