Company Announcements - SMIC plans to issue A-shares to acquire minority stakes in its subsidiary, SMIC North, leading to a temporary suspension of its stock trading for up to 10 trading days [1] - Huasheng Tiancheng's director and supervisor plan to reduce their holdings by up to 0.9984% of the total shares [2] - BYD reported a net profit of 15.51 billion yuan for the first half of the year, a year-on-year increase of 13.79% [2] - Changfei Fiber's net profit for the first half of the year was 296 million yuan, down 21.71% year-on-year [2] - Jia Yuan Technology plans to invest 500 million yuan to acquire part of the equity in Endatong, focusing on the optical module industry [1][17] - Guizhou Moutai completed the repurchase of 3.9276 million shares [1][19] Financial Performance - CEC reported a net profit of 24.641 billion yuan for the first half of the year, a decrease of 12% year-on-year [5] - Longjiang Power achieved a net profit of 13.056 billion yuan, up 14.86% year-on-year [8] - China Rare Earth reported a net profit of 162 million yuan, turning from a loss of 244 million yuan in the previous year [9] - Huayi Brothers' net profit increased by 48.34% to 2.028 billion yuan [6] - Wealth Trend's net profit grew by 6.61% year-on-year [24] Mergers and Acquisitions - Tailin Micro plans to acquire 100% of Panqi Micro's equity through a combination of cash and stock issuance [4] - Aishen Medical announced the acquisition of partial equity in three medical institutions for a total of 105 million yuan [18] Stock Movements - Guizhou Moutai's controlling shareholder plans to increase its stake by 3 to 3.3 billion yuan [15] - Ganfeng Lithium plans to invest 4 billion yuan to build a new lithium-ion battery manufacturing base [16] Market Developments - China National Offshore Oil Corporation won a bid for a project in Qatar worth approximately 4 billion USD [14] - Aishen Medical's acquisition of equity in medical institutions aims to enhance its service coverage and operational efficiency [18]

Group 1 - The company announced that its wholly-owned subsidiaries will apply for a comprehensive credit limit of 50 million yuan from Minsheng Bank's Beijing branch [2] - The company will provide joint liability guarantee for the credit application, with the guarantee period lasting three years from the debt performance deadline [2] - As of the announcement date, the total amount of external guarantees provided by the company and its subsidiaries is 100 million yuan, which accounts for 5.27% of the company's audited net assets for 2024 [2]

证券日报网讯 8月29日晚间，民生银行发布公告称，2025年上半年实现营业收入72，384百万元，同比 增长7.83%；归属于本行股东的净利润21，380百万元，同比下降4.87%。 （文章来源：证券日报） ...

截至6月末，民生银行资产总额77689.21亿元，比上年末减少460.48亿元，降幅0.59%。其中，发放贷款和垫款总额44698.74亿元，比上年末增加 193.94亿元，增幅0.44% ；在总资产中占比57.54%，比上年末上升0.59个百分点；一般性贷款规模稳步增长，在总资产中占比56.00%，比上年末上 升1.85个百分点。负债端，截至6月末，民生银行负债总额70666.09亿元，比上年末下降917.92亿元，降幅1.28%。其中，吸收存款总额43110.02亿 元，比上年末增加619.07亿元，增幅1.46%，在负债总额中占比61.01%，比上年末上升1.65个百分点；个人存款规模增长，在吸收存款中占比 31.96%，比上年末上升1.40个百分点。 资产质量方面，截至6月末，不良贷款总额660.52亿元，比上年末增加4.42亿元；不良贷款率1.48%，比上年末上升0.01个百分点；拨备覆盖率 145.06%，比上年末上升3.12个百分点。 民生银行房地产业不良率今年上半年下降。 截至6月末，民生银行对公房地产相关的贷款、表外授信、标准债权投资、非标债权投资、债券投资等承担信用风险的授信业务余额390 ...

Core Insights - Minsheng Bank reported a year-on-year increase in operating income, net interest income, and net commission income for the first half of 2025, with operating income reaching 72.384 billion yuan, a growth rate of 7.83% [1] Financial Performance - The bank's average daily interest-earning assets increased to 71,224.47 billion yuan, up by 57.932 billion yuan year-on-year [1] - The net interest margin stood at 1.39%, an increase of 1 basis point compared to the previous year [1] - Net interest income amounted to 49.203 billion yuan, reflecting a year-on-year growth of 1.28% [1] - The net profit attributable to shareholders was 21.380 billion yuan, showing a decline of 4.87% primarily due to an increase in risk provision [1] - The provision coverage ratio increased by 3.12 percentage points since the beginning of the year [1] Asset and Loan Growth - As of June 30, total assets reached 77,689.21 billion yuan, with total loans and advances amounting to 44,698.74 billion yuan, a year-on-year increase of 0.44% [1] - Loans accounted for 57.54% of total assets, up by 0.59 percentage points from the end of the previous year [1] - General loans showed steady growth, comprising 56.00% of total assets, an increase of 1.85 percentage points from the end of the previous year [1] Liability and Deposit Growth - As of June 30, total liabilities were 70,666.09 billion yuan, with total deposits reaching 43,110.02 billion yuan, reflecting a year-on-year growth of 1.46% [2] - Deposits accounted for 61.01% of total liabilities, an increase of 1.65 percentage points from the end of the previous year [2] - Personal deposits grew, making up 31.96% of total deposits, an increase of 1.40 percentage points from the end of the previous year [2]

Core Insights - Minsheng Bank reported a total operating income of 72.384 billion yuan for the first half of 2025, an increase of 5.257 billion yuan, representing a growth rate of 7.83% [1] - The bank's net interest income reached 49.203 billion yuan, up by 6.21 million yuan, with a growth rate of 1.28% [1] - Non-interest income grew significantly, reaching 23.181 billion yuan, an increase of 4.636 billion yuan, with a growth rate of 25.00% [1] Financial Performance - The average daily balance of interest-earning assets was 71,224.47 billion yuan, an increase of 57.932 billion yuan year-on-year [1] - The net interest margin stood at 1.39%, up by 1 basis point compared to the previous year [1] - The bank's net profit attributable to shareholders was 21.380 billion yuan, a decrease of 1.094 billion yuan, with a decline rate of 4.87% [1] Asset and Liability Management - As of the end of the first half, total assets amounted to 77,689.21 billion yuan, a decrease of 46.048 billion yuan, representing a decline of 0.59% [2] - Total loans and advances reached 44,698.74 billion yuan, an increase of 193.94 billion yuan, with a growth rate of 0.44% [2] - Total liabilities were 70,666.09 billion yuan, down by 917.92 billion yuan, with a decline rate of 1.28% [2] Loan Quality and Risk Management - The total non-performing loans amounted to 66.052 billion yuan, an increase of 4.42 billion yuan [2] - The non-performing loan ratio was 1.48%, up by 0.01 percentage points [2] - The provision coverage ratio improved to 145.06%, an increase of 3.12 percentage points [2]

Core Viewpoint - Minsheng Bank is actively managing credit risk and improving asset quality despite external challenges, with a stable overall asset quality outlook for the year [1] Group 1: Asset Quality - As of the end of June, Minsheng Bank's non-performing loan (NPL) amount reached 66.052 billion, an increase of 0.442 billion compared to the end of the previous year [1] - The NPL ratio stands at 1.48%, showing a slight increase of 0.01 percentage points from the end of the previous year [1] - The bank's focus on credit risk management has helped maintain overall asset quality stability [1] Group 2: Sources of Non-Performing Loans - The increase in new NPLs is primarily attributed to small and micro enterprises as well as retail loans, influenced by external factors such as operational pressures on small businesses and a slowdown in resident income growth [1] - New NPLs from corporate loans are concentrated in the leasing and business services, manufacturing, and wholesale retail sectors, with many private and small enterprises showing weak risk resilience [1] Group 3: Real Estate Loan Management - The bank has intensified efforts to mitigate risks associated with real estate loans, resulting in a decrease in the NPL ratio for the real estate sector [1] - The bank will continue to monitor risks in the corporate real estate sector and retail loans in the second half of the year [1]

8月29日下午，民生银行发布2025年中期业绩报告。 报告显示，截至报告期末，本集团资产总额77,689.21亿元，比上年末减少460.48亿元，降幅0.59%；实 现营业收入723.84亿元，同比增加52.57亿元，增幅7.83%；归属于本行股东的净利润213.80亿元，同比 减少10.94亿元，降幅4.87%。资产质量方面，报告期内，该行不良贷款总额660.52亿元，比上年末增加 4.42亿元；不良贷款率1.48%，比上年末上升0.01个百分点；拨备覆盖率145.06%，比上年末上升3.12个 百分点。 此外，与半年报一同发布的还有2025年度中期利润分配方案公告，报告显示，拟向股权登记日登记在册 的A股股东和H股股东派发现金股利，每股派发现金股利人民币0.136元（含税，下同）。以本行截至 2025年6月30日已发行股份437.82亿股计算，本次派发现金股利总额约人民币59.54亿元，占2025年半年 度集团口径下归属于本行普通股股东净利润人民币198.80亿元的比例为29.95%。 营收、净利润"一升一降" 具体来看资产端，截至报告期末，民生银行资产总额77,689.21亿元，比上年末减少460.48 ...

格隆汇8月29日丨民生银行(01988.HK)发布公告，公司收到《国家金融监督管理总局关于李稳狮民生银 行副行长任职资格的批复》（金复〔2025〕511 号）。国家金融监督管理总局已核准李稳狮担任本行副 行长的任职资格。 ...

据监管规定及该行第九届董事会第四次临时会议《关于聘任李稳狮先生为本行副行长的决议》，李稳狮 先生自 2025 年 8 月 27 日起担任该行副行长。 民生银行(01988)公布，该行收到《国家金融监督管理总局关于李稳狮民生银行副行长任职资格的批 复》(金复〔2025〕511 号)。国家金融监督管理总局已核准李稳狮先生担任该行副行长的任职资格。 ...