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].

Core Viewpoint - Zhengzhou Bank has achieved simultaneous growth in scale and quality in the first half of 2025, marking the second consecutive financial reporting period of revenue and profit growth [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 reported operating income of 6.690 billion yuan, up 4.64% year-on-year, and a net profit attributable to shareholders of 1.627 billion yuan, reflecting a 2.1% increase [1]. - The bank's personal deposit balance reached 258.098 billion yuan, with a year-on-year growth of 29.35%, marking a historical high [1]. Growth in Assets and Loans - Zhengzhou Bank's total assets surpassed 700 billion yuan in the first quarter of 2025, achieving a significant growth cycle of 100 billion yuan in just two years [3]. - As of June 30, 2025, the total amount of loans and advances was 406.094 billion yuan, an increase of 18.404 billion yuan, representing a growth rate of 4.75% [3]. Investment Income and Cost Management - The bank achieved an investment income of 1.229 billion yuan, a remarkable year-on-year increase of 111.10% [5]. - Business and management expenses were reduced to 1.468 billion yuan, a decrease of 1.07 billion yuan, reflecting a decline of 6.82% [5]. Risk Management - As of June 30, 2025, the 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 a capital adequacy ratio of 11.85% [7]. Retail Business Development - Zhengzhou Bank's retail business generated an income of 1.236 billion yuan, a historical high with a year-on-year growth of 3.56% [10]. - Personal consumption loan balance reached 20.695 billion yuan, with a year-on-year increase of 20.72% and a non-performing loan ratio of 0.67%, significantly lower than the industry average [10]. Future Outlook - The bank aims to strengthen its capital base through internal accumulation and timely external capital supplementation to better serve the real economy [8].

Core Insights - Zhengzhou Bank reported a strong performance in the first half of 2025, achieving simultaneous growth in both revenue and profit for the second consecutive financial quarter [1][2] - The bank's total assets reached RMB 719.738 billion, a year-on-year increase of 11.47%, with operating income of RMB 6.690 billion, up 4.64%, and net profit attributable to shareholders of RMB 1.627 billion, growing by 2.1% [1] Financial Performance - As of June 30, 2025, Zhengzhou Bank's total deposits amounted to RMB 446.662 billion, an increase of RMB 60.3 billion or 15.61% year-on-year, outpacing the provincial growth rate by 6.41 percentage points [1] - Personal deposits saw significant growth, reaching RMB 258.098 billion, up RMB 39.918 billion from the end of the previous year, marking an 18.3% increase, positioning the bank among the leaders in the domestic city commercial bank sector [1] Investment and Revenue Growth - Despite a narrowing net interest margin, the bank optimized its investment portfolio, achieving investment income of RMB 1.229 billion, a remarkable year-on-year growth of 111.10% [2] - The bank's retail business revenue reached RMB 1.236 billion, the highest for the same period, reflecting a 3.56% increase compared to the previous year [2] Retail Strategy and Services - Zhengzhou Bank has successfully deepened its retail transformation strategy, focusing on citizen and rural finance, and has developed four key service areas: "Citizen Manager," "Financing Manager," "Wealth Manager," and "Rural Manager" [2] - The bank's inclusive finance initiatives are evident, with a balance of inclusive micro-loans reaching RMB 52.578 billion and a customer base of 70,839 clients with outstanding loans [2]

Core Viewpoint - Zhengzhou Bank has achieved simultaneous growth in scale and quality, with revenue and profit increasing for the second consecutive financial quarter, reflecting its commitment to serving the local economy and small and medium-sized enterprises [2][4]. Group 1: Steady Growth in Scale - As of June 30, 2025, Zhengzhou Bank's total assets reached 719.738 billion yuan, a year-on-year increase of 11.47%, marking the highest growth rate since 2018 [2][4]. - The bank's loan and advance total reached 406.094 billion yuan, with a year-on-year increase of 4.75%, driven by both corporate and retail lending [4]. Group 2: Continuous Improvement in Efficiency - Zhengzhou Bank's investment income reached 1.229 billion yuan, a year-on-year increase of 111.10%, indicating successful diversification in its business operations [6]. - The bank reduced its business and management expenses to 1.468 billion yuan, a decrease of 6.82% year-on-year, achieved through various efficiency-enhancing measures [6]. Group 3: Effective 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 [8]. - The bank's provision coverage ratio stood at 179.20%, demonstrating strong risk resistance capabilities [8]. Group 4: Retail Business Development - Zhengzhou Bank's retail business generated 1.236 billion yuan in revenue, a historical high with a year-on-year growth of 3.56% [10]. - Personal deposit balances reached 258.098 billion yuan, with an increase of 39.918 billion yuan, reflecting an 18.3% growth rate [10].

Core Viewpoint - Zhengzhou Bank has achieved simultaneous growth in scale and quality in the first half of 2025, with revenue and profit increasing for the second consecutive reporting period, reflecting its commitment to serving the local economy and small and medium-sized enterprises [1] 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%, with operating income of 6.690 billion yuan, up 4.64% year-on-year, and net profit attributable to shareholders of 1.627 billion yuan, an increase of 2.1% [1] - The bank's asset scale has steadily grown, crossing the 500 billion yuan mark at the end of 2019, surpassing 600 billion yuan in Q1 2023, and reaching 700 billion yuan in Q1 2025, indicating a significant acceleration in growth [2] Group 2: Loan and Credit Management - By the end of June, the total amount of loans and advances issued by Zhengzhou Bank was 406.094 billion yuan, an increase of 18.404 billion yuan, with a growth rate of 4.75% [3] - The bank has adopted a "one enterprise, one policy" approach to provide support to struggling enterprises, demonstrating its commitment to precise resource allocation [3] Group 3: Operational Efficiency - Zhengzhou Bank has improved operational efficiency through reforms and management optimization, achieving an investment income of 1.229 billion yuan, a year-on-year increase of 111.10% [4] - The bank has reduced business and management expenses to 1.468 billion yuan, a decrease of 1.07 billion yuan, representing a decline of 6.82% [4] Group 4: Risk Management - The bank has maintained a stable asset quality, with non-performing loans amounting to 7.165 billion yuan and a non-performing loan ratio of 1.76%, down 0.11 percentage points year-on-year [5] - Key risk management indicators, including a provision coverage ratio of 179.20% and a capital adequacy ratio of 11.85%, demonstrate the bank's strong risk resilience [5] Group 5: Retail Banking Strategy - Zhengzhou Bank's retail business generated an income of 1.236 billion yuan, a historical high with a year-on-year growth of 3.56% [6] - Personal deposits surged to 258.098 billion yuan, an increase of 39.918 billion yuan, with a growth rate of 18.3%, enhancing the bank's liability structure [6] Group 6: Consumer Loan Growth - The bank's personal consumer loan balance reached 20.695 billion yuan, an increase of 3.55 billion yuan, with a growth rate of 20.72%, while maintaining a non-performing loan ratio of 0.67% [7] - The bank's focus on optimizing its core product "Zheng e-loan (consumption)" has effectively met various financing needs of residents [7]