Group 1 - The 2025 9th "Yinhua Fund Cup" Sina Financial Advisor Competition has officially announced the list of finalists, with 170 outstanding financial advisors and 45 excellent financial teams advancing to the semi-finals [1][2] - The competition aims to provide a platform for financial elites to showcase their skills, enhance their capabilities, and bridge communication between excellent financial advisors and the public, promoting the healthy development of financial management in China [1][2] - The event has expanded its participation scope to include various financial sectors such as banks, securities firms, and insurance companies, receiving widespread attention and support from numerous financial institutions and advisors [1][2] Group 2 - Since its launch on July 8, the competition attracted over 40,000 financial advisors from 107 financial institutions, marking a new record in participation scale, particularly in team competitions with over 600 teams registered [2] - The rules have been upgraded this year, allowing teams to consist of 3 members instead of 4, significantly lowering the entry barrier and providing more opportunities for individual members to showcase their professional skills [2] - Major state-owned banks like China Construction Bank and China Postal Savings Bank have shown strong performances, with 11 and 9 advisors advancing to the semi-finals, respectively [2][3] Group 3 - Joint-stock banks, city commercial banks, and rural commercial banks have also demonstrated their professional characteristics, with institutions like Huaxia Bank and China Merchants Bank achieving significant improvements in both participation and advancement results compared to previous years [3] - The semi-finals will assess participants' real-time market analysis capabilities, insights into client needs, and comprehensive skills in financial planning and communication [4] - The semi-finals for individual participants will take place online on October 19, while team competitions will occur in Beijing, Shanghai, and Shenzhen on October 25, November 1, and November 8, respectively [4] Group 4 - The finals will introduce a new lottery segment with prizes including tickets to high-profile events and opportunities for networking with top entrepreneurs and economists [5]

针对种粮大户、种养结合户等新型农业经营主体资金需求较大的特点，渤海银行长春分行于2024年3月 将"渤农贷"单笔业务额度上限由15万元提升至20万元。这一调整精准契合了规模化经营农户的需求，帮 助他们有足够资金扩大种植养殖规模、升级生产设备、引进优良品种，进一步提升农业生产效率与收 益，为乡村产业发展注入更强动力。这些实实在在的举措，充分体现了渤海银行长春分行的社会责任与 普惠金融情怀，受到广大农户的广泛好评。 深耕拓展，助力乡村振兴再谱新篇 截至2025年8月末，"渤农贷"已取得亮眼成绩：总投放1.3万笔、累计金额近9亿元。业务覆盖范围不断 扩大，已在吉林省内9个市州、47个区县开展，累计惠及农户8940余次，成为渤海银行长春分行服务"三 农"、助力乡村振兴的重要支柱。 "以前办贷款得往县城跑好几趟，打征信、填材料，一来一回就是大半天，还耽误农活儿。现在用手机 在家就能申请贷款，不用出门钱就到账了！"这是吉林省众多农户使用渤海银行长春分行"渤农贷"后的 真切感受。作为渤海银行长春分行践行"为民办实事"理念、助力乡村振兴的重要金融产品，"渤农贷"自 推出以来，依托金融科技优势，打破传统涉农贷款服务壁垒，为农户 ...

日前，在第二届中国司库年会暨中国司库建设标杆企业大奖"司南奖"颁奖典礼上，渤海银行股份有限公 司(以下简称"渤海银行")推出的"渤银司库"服务体系，凭借在产品设计理念、技术应用创新及服务实践 效果方面的突出表现，斩获具有行业风向标意义的"中国司库建设优秀银行"奖项。 司库服务作为商业银行服务实体经济的关键载体，在金融科技的赋能下迎来转型。 今年2月，渤海银行紧跟市场趋势，依托金融科技优势与多年企业客户服务经验的积累，在天津首创推 出"渤银司库"服务体系。其以天津市国资委提出的"11+4"功能为蓝本，匠心构筑七大智脑中枢新平台， 搭载智能化流程服务、决策分析、辅助管理与金融服务，全方位满足企业全功能司库管理的需求——通 过智能化可视化系统，让企业资产精准洞悉"看得见"；通过跨账户跨项目的自由调配，实现财资管理运 筹帷幄"调得动"；依托健全的风控体系与合规管理体系，助力企业经营全局掌控"管得住"；融合渤海特 色金融服务方案，推动金融资产稳操胜券"用得好"。 同时，"渤银司库"还通过与企业内部系统的互联互通，以"智享版""尊享版"与"金融直通车"为主线，对 不同行业、不同规模企业提供差异化、定制化一揽子金融服务方案 ...

Core Insights - The article highlights the increasing importance of bill financing in supporting private enterprises, particularly in the context of digitalization and innovative financial products [1][5] - Bohai Bank has positioned its bill business as a crucial link between finance and industry, achieving significant growth in bill acceptance and discounting services [1][2] Group 1: Business Growth and Innovation - As of August 2025, Bohai Bank's bank acceptance bill issuance exceeded 280 billion yuan, with bill discounting business reaching nearly 80 billion yuan, injecting substantial financial resources into the real economy [1] - Since becoming a pilot financial institution at the Shanghai Bill Exchange in 2022, Bohai Bank launched a new generation bill service platform, offering a comprehensive online service covering all stages from signing to discounting [2][5] - The introduction of the "Bohai Silver Instant Discount" product in 2024 enabled automatic review of trade backgrounds and instant fund disbursement, with over 2 billion yuan already disbursed to major enterprises in various industries [3] Group 2: Technological Integration and Customer Service - Bohai Bank has developed a "Bill Map" that integrates diverse data to provide clear customer profiles and precise analysis of customer needs, enhancing the ability to reach a broader range of clients [4] - The bank has introduced a comprehensive service solution combining accounts receivable pledge invoicing and discounting, effectively reducing financial costs for leading enterprises in the new energy vehicle sector [4] - Since 2022, the new bill service platform has addressed multiple pain points for enterprises, serving over 10,000 signed companies and embodying the principle of "data doing the running, customers doing less" [5]

【文/羽扇观金工作室】 在全国性股份制银行普遍面临经营压力的背景下，渤海银行成为少数实现营收和净利润双重增长的机构 之一。 尽管业绩数据表现积极，但市场反应相对冷淡。自8月29日发布半年报以来，渤海银行港股价格一度跌 至0.98港元，直至9月9日收盘才回升至1.1港元，仅较报告发布日开盘价上涨5.77%。 在零售信贷收缩的同时，渤海银行加大了企业金融业务转型力度，重点打造"行业银行、专业银行、生 态银行"三大服务模式，聚焦新能源、生物医药、汽车等重点产业。 然而，转型成效尚未充分体现在财务表现上。公司业务分部上半年营收81.05亿元，同比仅增长0.93%； 税前利润37.4亿元，增幅仅为0.08%。业绩增长缓慢主要受资产质量波动影响，该板块资产减值损失 22.89亿元，同比大增25.7%。 金融市场业务贡献突出但盈利承压 分析人士认为，投资者态度谨慎主要源于两方面因素：一是该行连续三年未实施现金分红政策；二是尽 管整体业绩向好，但各业务板块发展质量参差不齐，长期增长动能仍待观察。 企业金融业务增长乏力 2025年上半年，渤海银行营业收入达142.15亿元，净利润38.3亿元，同比分别提升8.14%和3.61% ...

CHINA BOHAI BANK CO., LTD. 渤海銀行股份有限公司 股份代號 : 9668 （ 於中華人民共和國註冊成立的股份有限公司 ） 2025 中期報告 2025年中期報告 1 目錄 目錄 2 釋義 4 重要提示 5 公司基本情況簡介 6 會計數據和財務指標摘要 8 管理層討論與分析 50 股本變動及股東情況 54 董事、監事、高級管理層成員、員工和機構情況 61 公司治理 66 重要事項 70 審閱報告及中期財務報告 170 組織架構圖 釋義 | | | 渤海銀行股份有限公司 本行、公司 指 渤海銀行股份有限公司，一家根據中國相關法律法規於2005年12月30日在 中國成立的股份有限公司，其H股於香港聯交所上市（股票代碼：9668） 渤銀理財 指 渤銀理財有限責任公司 中央銀行、人民銀行 指 中國人民銀行 中國企業會計準則 指 中華人民共和國財政部於2006年2月15日及以後期間頒佈的《企業會計準 則 － 基本準則》、具體會計準則、企業會計準則應用指南、企業會計準則解 釋及其他相關規定 《公司法》 指 《中華人民共和國公司法》 中國證監會 指 中國證券監督管理委員會 本報告日期 指 本行董事會 ...

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 I. 法定/註冊股本變動 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 渤海銀行股份有限公司 呈交日期: 2025年9月3日 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09668 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 6,200,555,000 | RMB | | 1 | RMB | | 6,200,555,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 6,200,555,000 | RMB | | | 1 RMB | | 6,200,555,000 | | 2. 股份分 ...

Core Viewpoint - The retail banking sector is experiencing intensified competition, with significant growth in retail assets under management (AUM) and private banking clients among major banks, despite previous challenges in the market [2][4][7]. Retail AUM - The top three banks in retail AUM are China Merchants Bank (CMB) with 16.03 trillion yuan, Industrial Bank with 5.52 trillion yuan, and CITIC Bank with 4.99 trillion yuan [6][5]. - CMB's AUM growth is 7.39%, while Industrial Bank and CITIC Bank have growth rates of 8.00% and 6.52%, respectively [6]. - Notably, the AUM of several banks has increased significantly, with Zhejiang Commercial Bank and Pudong Development Bank showing growth rates of 12.48% and 10.55% [4][6]. - CMB's AUM surpasses that of its competitors by over 10 trillion yuan, establishing a substantial lead in the retail banking sector [4][5]. Private Banking Clients - The number of private banking clients has also seen substantial growth, with Zhejiang Commercial Bank leading at 15.52% growth, followed by Huaxia Bank, Minsheng Bank, and Pudong Development Bank with growth rates of 13.79%, 12.84%, and 10.15%, respectively [7]. - CMB, CITIC Bank, and Industrial Bank also reported increases in private banking clients, all exceeding 8% growth [7]. Wealth Management Revenue - Wealth management income has shown significant increases, with CMB reporting an 11.89% growth in fees and commissions, marking the first positive growth in three years [8]. - CITIC Bank's wealth management income growth reached a four-year high at 10.3%, while Industrial Bank's retail wealth income grew by 13.45% [8]. Retail Loan Quality - Retail loan non-performing ratios vary significantly among banks, with Bohai Bank having the highest at 4.43%, while CMB and Industrial Bank maintain the lowest at 1.03% and 1.22%, respectively [11][9]. - Despite CMB's strong performance, its non-performing ratio increased by 0.07 percentage points compared to the previous year [11]. Retail Strategy - The introduction of consumer loan interest subsidies is expected to enhance the competitive landscape, shifting focus from price wars to technology, service, and quality differentiation [12][13]. - Banks are emphasizing asset allocation and the application of AI models in their retail strategies, with CMB planning to integrate AI assistants to improve efficiency and workflow [14][15].

Core Viewpoint - The mid-year performance report for 2025 reveals that the ten listed joint-stock banks have shown a stable overall operational trend, with total assets reaching 73.38 trillion yuan and net profits totaling 278.125 billion yuan, while also exhibiting diverse development characteristics across the industry [2] Group 1: Asset Performance - Total assets of the joint-stock banks have generally increased, with the leading banks being China Merchants Bank and Industrial Bank, with total assets of 12.657 trillion yuan and 10.614 trillion yuan respectively, marking growth rates of 4.16% and 1.01% compared to the end of the previous year [3][4] - Among the ten banks, except for China Minsheng Bank and Bohai Bank, all other banks achieved positive growth in total assets [4] Group 2: Revenue and Profitability - Seven out of ten banks reported a year-on-year decline in operating income, with only Shanghai Pudong Development Bank, China Minsheng Bank, and Bohai Bank achieving revenue growth [5][7] - China Merchants Bank led in net profit with 74.930 billion yuan, showing a slight increase of 0.25% year-on-year, while four banks experienced a decline in net profit [8][9] Group 3: Net Interest Margin - The net interest margin has shown a significant downward trend, with eight out of ten banks continuing to decline, influenced by factors such as the reduction in the Loan Prime Rate (LPR) and adjustments in mortgage rates [9][10] - China Merchants Bank reported the highest net interest margin at 1.88%, although it decreased by 0.12 percentage points year-on-year [10][11] Group 4: Asset Quality - The non-performing loan (NPL) balances of all ten banks have increased compared to the end of the previous year, with Bohai Bank experiencing the fastest growth in NPLs, reaching 17.269 billion yuan, a 4.79% increase [12][13] - The highest NPL ratios were recorded by Bohai Bank (1.81%), Huaxia Bank (1.60%), and China Minsheng Bank (1.48%), while China Merchants Bank had the lowest at 0.93% [14] Group 5: Provision Coverage Ratio - The provision coverage ratio has decreased for seven banks compared to the end of the previous year, with Ping An Bank experiencing the largest decline of 12.23 percentage points [15] - China Merchants Bank has the highest provision coverage ratio at 410.93%, while China Minsheng Bank has the lowest at 145.06% [15]

Core Viewpoint - Bohai Bank reported its unaudited interim results for the six months ending June 30, 2025, showing a revenue of 14.215 billion yuan, a year-on-year increase of 8.14%, and a net profit of 3.830 billion yuan, up 3.61% year-on-year, indicating a stable growth trajectory in its financial performance [1] Financial Performance - For the first half of 2025, Bohai Bank achieved an operating income of 14.215 billion yuan, representing an 8.14% increase year-on-year [1] - The net profit for the same period was 3.830 billion yuan, reflecting a year-on-year growth of 3.61% [1] - The cost-to-income ratio improved to 32.17%, a decrease of 4.10 percentage points compared to the previous year [1] - As of June 30, 2025, the total assets reached 1.82 trillion yuan, while total liabilities stood at 1.71 trillion yuan [1] Technological Financial Empowerment - Bohai Bank has focused on technology finance as a key driver for new productivity, targeting sectors such as commercial aerospace, brain-computer interfaces, synthetic biology, AI, and humanoid robots [2] - The bank's loans to technology enterprises reached 71.252 billion yuan, a significant increase of 51.28% from the end of the previous year [2] - The issuance of 5 billion yuan in technology innovation bonds supports the bank's commitment to financing technology innovation, with a total of 31.47 billion yuan in bonds underwritten since the policy's introduction [2] Green Finance Initiatives - Bohai Bank is committed to green finance, with a focus on industries like AI, new information technology, renewable energy, new materials, and automotive sectors [2] - The balance of green loans reached 49.902 billion yuan, marking a 15.02% increase from the end of the previous year [2] - The bank's self-investment in green bonds amounted to 10.8 billion yuan, a 57% year-on-year increase, while Bohai Wealth Management invested 3.09 billion yuan in green bonds, up 224% year-on-year [2] Inclusive Finance Development - Bohai Bank has developed a comprehensive inclusive finance product system, focusing on small and micro enterprises [3] - As of June 30, 2025, the balance of inclusive loans was 56.430 billion yuan, a 2.1% increase from the previous year, with over 140,000 inclusive loan customers, a 9.65% increase [3] Pension Finance Services - The bank is enhancing its services in the third pillar of the national pension system, developing personal pension account products and optimizing the "Bohai E-Finance" pension product system [3] - Bohai Bank aims to create a unique pension ecosystem to meet diverse and high-quality modern pension needs in China [3] Digital Financial Transformation - Bohai Bank is advancing its digital transformation through AI, big data, and cloud computing, enhancing its IT infrastructure and developing a new generation of distributed core systems [4] - The bank is implementing an "AI Application Project" to create a collaborative algorithm system and has launched various digital services to improve financial service efficiency [4]