资产质量方面，2025年上半年，招商银行不良贷款余额663.70亿元，较上年末增加7.60亿元；不良贷款 率0.93%，较上年末下降0.02个百分点；拨备覆盖率410.93%，较上年末下降1.05个百分点；贷款拨备率 3.83%，较上年末下降0.09个百分点。 资产规模方面，截至报告期末，招商银行资产总额126571.51亿元，较上年末增长4.16%；贷款和垫款总 额71166.16亿元，较上年末增长3.31%；负债总额113602.91亿元，较上年末增长4.05%；客户存款总额 94223.79亿元，较上年末增长3.58%。 北京商报讯(记者孟凡霞实习记者周义力)8月29日，招商银行（600036）发布2025年半年度报告。报告 期内，招商银行实现营业收入1699.69亿元，同比下降1.72%；实现归属于该行股东的净利润749.30亿 元，同比增长0.25%；实现净利息收入1060.85亿元，同比增长1.57%；实现非利息净收入638.84亿元， 同比下降6.73%；年化后归属于该行股东的平均总资产收益率(ROAA)和年化后归属于该行普通股股东 的平均净资产收益率(ROAE)分别为1.21%和13.85%， ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 招商銀行股份有限公司 CHINA MERCHANTS BANK CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （H股股票代碼：03968） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 招商銀行股份有限公司董事會 2025年8月29日 於本公告日期，本公司的執行董事為王良及鍾德勝；本公司的股東董事（非執行 董事）為繆建民、石岱、孫雲飛、朱立偉及黃堅；及本公司的獨立非執行董事為 李孟剛、劉俏、田宏啟、李朝鮮、史永東及李健。 招商银行股份有限公司 董事会决议公告 A 股简称：招商银行 A 股代码：600036 公告编号：2025-046 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 招商银行股份有限公司（简称本公司或招商银行）于 2025 年 7 月 24 日以 ...

格隆汇8月29日丨招商银行(600036.SH)公布半年度报告，报告期内，本集团实现营业收入1,699.69亿 元，同比下降1.72%；实现归属于本行股东的净利润749.30亿元，同比增长0.25%；实现净利息收入 1,060.85亿元，同比增长1.57%；实现非利息净收入638.84亿元，同比下降6.73%；年化后归属于本行股 东的平均总资产收益率(ROAA)和年化后归属于本行普通股股东的平均净资产收益率(ROAE)分别为 1.21%和13.85%，同比分别下降0.11和1.59个百分点。 截至报告期末，本集团资产总额126,571.51亿元，较上年末增长4.16%；贷款和垫款总额71,166.16亿 元，较上年末增长3.31%；负债总额113,602.91亿元，较上年末增长4.05%；客户存款总额94,223.79亿 元，较上年末增长3.58%。截至报告期末，本集团不良贷款余额663.70亿元，较上年末增加7.60亿元； 不良贷款率0.93%，较上年末下降0.02个百分点；拨备覆盖率410.93%，较上年末下降1.05个百分点；贷 款拨备率3.83%，较上年末下降0.09个百分点。 ...

Core Viewpoint - China Merchants Bank (招商银行) reported a slight decline in revenue but a modest increase in net profit for the first half of 2025, indicating a potential recovery in profitability [1] Financial Performance - The bank achieved an operating income of nearly 170 billion yuan, a year-on-year decrease of 1.7% [1] - The net profit attributable to shareholders grew by 0.3% to 74.93 billion yuan, with a positive turnaround in growth rate compared to the previous quarter [1] Asset Management and Retail Banking - As of the end of June, the total assets under management (AUM) for retail clients exceeded 16 trillion yuan, reflecting a growth of 7.4% since the beginning of the year [1] - Retail customer deposits surpassed 4 trillion yuan, marking a 5% increase from the start of the year [1] - Retail financial services contributed over 55% to both the bank's revenue and profit during the first half of the year [1]

Financial Performance - The company reported a significant increase in net profit for the first half of 2025, reaching RMB 30 billion, representing a year-on-year growth of 12%[2]. - The company's operating revenue for the first half of 2025 was RMB 169,969 million, a decrease of 1.72% compared to RMB 172,945 million in the same period of 2024[15]. - Net profit for the first half of 2025 was RMB 75,405 million, showing a slight increase of 0.03% from RMB 75,379 million in the first half of 2024[15]. - The net cash flow from operating activities increased by 24.29% to RMB 134,461 million compared to RMB 108,180 million in the first half of 2024[15]. - The annualized average return on total assets (ROAA) was 1.21%, down by 0.11 percentage points year-on-year[32]. - The annualized average return on equity (ROAE) was 13.85%, down by 1.59 percentage points year-on-year[32]. - The group achieved a non-interest net income of CNY 63.884 billion, a year-on-year decrease of 6.73%, accounting for 37.59% of total revenue, down 2.02 percentage points[160]. Asset Quality and Loans - The loan quality analysis shows a non-performing loan ratio of 1.5%, which is stable compared to the previous period[2]. - The non-performing loan ratio improved to 0.93% as of June 30, 2025, down from 0.95% at the end of 2024[22]. - The company's loan balance was RMB 3,089.69 billion, representing 43.42% of the total, with a non-performing loan (NPL) amount of RMB 28.65 billion and an NPL ratio of 0.93%, down 0.13 percentage points from the previous year[96]. - The total amount of overdue loans reached RMB 97,084 million, representing an increase of RMB 52.09 million from the previous year, with an overdue loan ratio of 1.36%[106]. - The company’s total non-performing loans were RMB 61,923 million, which is 0.92% of total loans and advances[99]. - The company’s consumer credit business reported an NPL amount of RMB 22.018 billion, an increase of RMB 1.345 billion year-on-year, with an NPL rate of 1.64%, up 0.10 percentage points year-on-year[175]. Capital Adequacy and Regulatory Compliance - The capital adequacy ratio stands at 13.5%, exceeding the regulatory requirement of 10.5%[2]. - The capital adequacy ratio as of June 30, 2025, was 18.56%, a decrease of 0.49 percentage points compared to the end of 2024[115]. - The core tier 1 capital adequacy ratio was 14.00%, down by 0.86 percentage points from the end of 2024[115]. - The company maintained compliance with capital and leverage ratio regulatory requirements throughout the reporting period[111]. Customer Growth and Engagement - User data indicates that the number of active retail banking customers has grown to 50 million, an increase of 15% compared to the previous year[2]. - The total number of retail customers reached 216 million, an increase of 2.86% from the end of the previous year[136]. - Monthly active users of the company's apps reached 121 million, enhancing customer service experience through AI technology[145]. - The number of wealth product holding customers reached 61.07 million, reflecting a growth of 4.90% year-on-year[181]. Strategic Initiatives and Investments - The company plans to expand its market presence in Southeast Asia, aiming for a 20% increase in overseas revenue by 2026[2]. - A strategic acquisition of a fintech startup was completed, expected to enhance the company's digital service capabilities and contribute an additional RMB 1 billion in revenue by 2025[2]. - The company has invested RMB 500 million in research and development for new technologies, focusing on AI and blockchain solutions[2]. - The company has implemented various marketing activities to boost consumption, particularly during holiday seasons and major e-commerce promotions[186]. Revenue Streams and Financial Products - The company's interest income from loans and advances was RMB 119.08 billion, a year-on-year decrease of 9.93%[38]. - The company's investment interest income was RMB 44.93 billion, a year-on-year increase of 8.05%[40]. - Wealth management commission and fee income increased by 11.89% to RMB 12,797 million from RMB 11,437 million year-on-year[58]. - The retail financial business generated a pre-tax profit of RMB 52.04 billion, a year-on-year increase of 1.64%, accounting for 58.53% of the group's total pre-tax profit[129]. Technology and Innovation - The company saved 4.75 million hours of labor through AI efficiency improvements, generating approximately 390 million CNY in economic benefits[151]. - The company launched a new product pricing management system, enhancing pricing management precision and intelligence[149]. - The cloud platform's overall availability exceeded 99.999%, supporting robust technology infrastructure[151]. - The company enhanced its AI capabilities to improve operational efficiency and customer experience, focusing on financial technology applications[186].

招商银行股份有限公司 2025 年半年度第三支柱报告 1.2 并表范围 根据《商业银行资本管理办法》相关规定，本集团资本监管指标计算范围 包括招商银行及其子公司。截至报告期末，本集团符合资本并表范围的子公司 包括：招商永隆银行、招银国际、招银金租、招银理财、招商基金、招商信诺 资管和招银欧洲。 CHINA MERCHANTS BANK CO., LTD. | | | | 1. | 引言 3 | | --- | --- | | 1.1 | 披露依据 3 | | 1.2 | 并表范围 3 | | 1.3 | 披露声明 3 | | 2. | 释义 4 | | 3. | 风险管理、关键审慎监管指标和风险加权资产概览 5 | | 3.1 | KM1 监管并表关键审慎监管指标 5 | | 3.2 | OV1 风险加权资产概况 6 | | 4. | 资本和总损失吸收能力的构成信息 8 | | 4.1 | CCA 资本工具和合格外部总损失吸收能力非资本债务工具的主要特征...8 | | 4.2 | CC1 资本构成 8 | | 4.3 | CC2 集团财务并表和监管并表下的资产负债表的差异 11 | | 5. | 信用风险 ...

Fund Overview - The fund is named "Huaxia CSI Petrochemical Industry Exchange-Traded Fund" and was established on December 2, 2021 [2] - The fund aims to closely track the CSI Petrochemical Industry Index with a target tracking deviation of no more than 0.2% on a daily basis and an annual tracking error of no more than 2% [2][8] - The fund's total shares at the end of the reporting period were 51,375,802 [2] Financial Performance - The fund reported a realized loss of 621,734.05 RMB and a total profit of -1,060,453.44 RMB for the first half of 2025 [3][4] - The net asset value at the end of the reporting period was 34,531,168.33 RMB, with a net asset value per share of 0.6721 RMB [3][4] - The cumulative net value growth rate since the fund's inception is -32.79% [3][4] Investment Strategy - The fund employs a full replication strategy and appropriate alternative strategies to track the underlying index effectively [8] - The investment strategy includes various approaches such as stock index futures, bond investments, and asset-backed securities [2][8] Market Environment - The A-share market experienced a range-bound trend in the first half of 2025, with rapid sector rotation and a focus on "dividend + technology" strategies [9][10] - The overall economic environment remains stable, with ongoing structural adjustments and a focus on high-quality development in China [9][10] Management and Compliance - The fund management strictly adheres to relevant laws and regulations, ensuring fair treatment of all funds under management [7] - The fund has not engaged in any abnormal trading activities during the reporting period [7] Future Outlook - The fund will continue to focus on closely tracking the underlying index while managing investor subscriptions and redemptions [9][10] - The market's attention will be on the potential impacts of tariffs on inflation and the direction of monetary policy adjustments by the Federal Reserve [10]

每经AI快讯，8月29日，招商银行公告，2025年上半年营业净收入1699.23亿元，同比下降1.73%；归属 于本行股东的净利润749.3亿元，同比增长0.25%。 （文章来源：每日经济新闻） ...

招商银行：上半年净利润749.3亿元人民币。 ...

Fund Overview - The fund is named "Huaxia MSCI China A50 Interconnection ETF" and was established on November 1, 2021, with a total fund share of 3,699,588,073.00 shares as of the report date [1][2] - The fund aims to closely track the MSCI China A50 Interconnection Index, targeting an absolute tracking deviation of no more than 0.2% on a daily basis and an annual tracking error of no more than 2% [1][2] - The fund employs various investment strategies, including full replication, alternative strategies, and investment in derivatives [1][2] Financial Performance - The fund achieved a realized income of 126,423,995.03 RMB and a profit of 25,269,600.18 RMB during the reporting period from January 1, 2025, to June 30, 2025 [2][3] - The net asset value at the end of the reporting period was 3,100,756,949.39 RMB, with a net asset value per share of 0.8381 RMB [2][3] - The fund's cumulative net value growth rate since inception is -16.19%, with a net value growth rate of 0.87% for the reporting period [2][3] Market Context - The macroeconomic environment showed a GDP growth of 5.3% year-on-year, with fluctuations in PMI and low inflation levels [11] - The fund's investment strategy is influenced by market conditions, including the impact of trade wars and the performance of various sectors such as artificial intelligence and new consumption [11][12] - The fund's tracking deviation was +1.11%, primarily due to dividend distributions, operational expenses, and adjustments in index composition [12] Management and Operations - The fund is managed by Huaxia Fund Management Co., Ltd., which has extensive experience in managing ETF products and a wide range of investment strategies [3][4] - The fund's liquidity service providers include several major securities firms, ensuring market liquidity and stability [11] - The fund management adheres to strict compliance with regulations and maintains a commitment to fair trading practices [9][10] Future Outlook - The fund anticipates a favorable investment environment due to the potential return of capital to A-shares and H-shares, driven by a weaker dollar and expectations of interest rate cuts by the Federal Reserve [12] - The focus will be on closely tracking the index while adapting to market changes and investor needs [12][13]