Core Viewpoint - Chongqing Rural Commercial Bank Co., Ltd. has approved a related party transaction with Zhejiang Wangshang Bank, involving a total amount not exceeding 1.23 billion yuan [1] Group 1: Transaction Details - The bank agreed to provide a comprehensive credit limit of 1.2 billion yuan to Zhejiang Wangshang Bank for a term of one year [1] - Additionally, the bank will pay up to 30 million yuan in loan service fees, bringing the total related party transaction amount to not exceed 1.23 billion yuan [1] - The transaction has been reviewed and approved by the bank's independent directors and the related party transaction control committee, thus not requiring shareholder meeting approval [1] Group 2: Governance and Compliance - The transaction is classified as a related party transaction due to Mr. Peng Yulong, a director of Chongqing Rural Commercial Bank, also serving as a director at Zhejiang Wangshang Bank [1] - The announcement emphasizes that the pricing of the transaction adheres to market principles and is not more favorable than similar transactions with non-related parties [1] - It is stated that the transaction will not have a significant impact on the bank's normal operations and financial status [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Chongqing Rural Commercial Bank for the first half of 2025, showcasing steady growth in key metrics [1] - The total assets of the bank reached 1,630.131 billion yuan, an increase of 115.189 billion yuan compared to the end of the previous year [1] - The net profit for the bank was 7.847 billion yuan, reflecting a year-on-year growth of 3.79% [1] Group 2 - The bank's deposit balance stood at 1,025.195 billion yuan, up by 83.249 billion yuan from the end of the previous year [1] - The loan balance was 765.245 billion yuan, which increased by 50.972 billion yuan compared to the previous year-end [1] - The non-performing loan ratio improved to 1.17%, a decrease of 0.01 percentage points from the end of the previous year [1] Group 3 - The bank demonstrated strong risk compensation capabilities with a capital adequacy ratio of 15.11% and a provision coverage ratio of 355.58% [1] - The cost-to-income ratio improved to 26.58%, indicating enhanced operational efficiency [1] - The interest rate on deposits decreased by 27 basis points to 1.52% year-on-year, reflecting effective cost control measures [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [5] Core Views - The company has shown steady profit growth with a year-on-year increase in revenue and net profit of 0.5% and 4.6% respectively for the first half of 2025, although the growth rates have slightly decreased compared to the first quarter [2][5] - The net interest margin remains resilient, with a slight decrease to 1.60% in the first half of 2025, indicating improved profitability despite challenges in non-interest income [2][3] - The non-interest income has faced significant pressure, declining by 16.6% year-on-year, primarily due to a substantial drop in card-related income [2] Summary by Sections Financial Performance - For the first half of 2025, the company reported a revenue of 28,741 million and a net profit attributable to the parent company of 12,114 million, with respective year-on-year growth rates of 0.5% and 4.6% [6] - The non-performing loan ratio remained stable at 1.17% as of the end of Q2 2025, while the provision coverage ratio decreased by 8 percentage points to 356% [4][6] Profitability and Margins - The average net interest margin for the first half of 2025 was 1.60%, slightly down from the previous quarter, with the asset yield decreasing to 3.05% [3] - The cost of liabilities improved, with a decrease in the cost of time deposits contributing to a better margin [3] Asset Quality - The non-performing loan ratio for retail operating loans increased to 2.46% by the end of the first half of 2025, indicating a need for close monitoring of this segment [4] - The company’s TTM non-performing loan generation rate was 0.86%, showing a slight increase in pressure [4] Earnings Forecast and Valuation - The company is expected to achieve a net profit growth of 5.2%, 5.5%, and 6.3% for the years 2025 to 2027, with a target price of 7.81 CNY per share, reflecting a potential upside of 21% [5]

Core Insights - The core viewpoint of the article is the financial performance of Chongqing Rural Commercial Bank in the first half of 2025, highlighting growth in revenue and net profit along with improvements in asset quality and capital adequacy [1] Financial Performance - In the first half of 2025, the bank achieved an operating income of 14.741 billion yuan, and a net profit of 7.847 billion yuan, representing year-on-year growth of 0.46% and 3.79% respectively [1] - The net profit attributable to shareholders was 7.699 billion yuan, an increase of 341 million yuan, with a growth rate of 4.63% [1] Asset and Deposit Growth - As of the end of the first half, the total assets of the bank reached 1.63 trillion yuan, an increase of 115.189 billion yuan compared to the end of the previous year [1] - The deposit balance stood at 1.03 trillion yuan, reflecting a growth of 83.249 billion yuan from the end of the previous year [1] - The loan balance was 765.245 billion yuan, which increased by 50.972 billion yuan compared to the end of the previous year [1] Loan Quality and Capital Adequacy - The bank's non-performing loan ratio was 1.17%, a decrease of 0.01 percentage points from the end of the previous year, indicating improved loan quality [1] - The capital adequacy ratio was reported at 15.11%, and the provision coverage ratio was 355.58%, demonstrating strong risk absorption capacity [1] Cost Management - The cost-to-income ratio was 26.58%, while the deposit interest rate was 1.52%, which decreased by 27 basis points year-on-year, indicating effective cost control measures [1]

8月26日，重庆农商行发布2025年半年度报告。数据显示，2025年上半年，该行实现营业收入147.41亿 元，同比增加0.68亿元，增幅0.46%；净利润78.47亿元，同比增加2.86亿元，增幅3.79%；归属于本行股 东的净利润76.99亿元，同比增加3.41亿元，增幅4.63%。 资产规模方面，截至报告期末，重庆农商行资产总额16301.31亿元，较上年末增长1151.89亿元；存款余 额10251.95亿元，较上年末增长832.49亿元；贷款余额7652.45亿元，较上年末增长509.72亿元。 （文章来源：北京商报） 资产质量方面，截至报告期末，重庆农商行不良贷款率1.17%，较上年末下降0.01个百分点；资本充足 率15.11%，拨备覆盖率355.58%，具备较强的风险抵补能力；成本收入比26.58%，存款付息率1.52%， 同比下降27个基点。 ...

每经头条（nbdtoutiao）——能给主人"打电话"的宠物智能手机也来了！宠物产业3000亿元市场大爆 发，行业上市公司"涨"声一片 每经AI快讯，渝农商行（SH 601077，收盘价：6.44元）8月26日晚间发布公告称，公司第五届第六十次 董事会会议于2025年8月26日在本行总行401会议室以现场结合通讯方式召开。会议审议了《关于审议重 庆农村商业银行股份有限公司2025年半年度报告及其摘要、业绩公告的议案》等文件。 2025年1至6月份，渝农商行的营业收入构成为：利息收入占比105.29%，债务工具投资占比51.72%，非 利息收入占比6.43%。 截至发稿，渝农商行市值为731亿元。 （记者 王晓波） ...

资产质量方面，截至报告期末，重庆农商行不良贷款率1.17%，较上年末下降0.01个百分点；资本充足 率15.11%，拨备覆盖率355.58%，具备较强的风险抵补能力；成本收入比26.58%，存款付息率1.52%， 同比下降27个基点。 北京商报讯（记者 孟凡霞 实习记者 周义力）8月26日，重庆农商行发布2025年半年度报告。数据显 示，2025年上半年，该行实现营业收入147.41亿元，同比增加0.68亿元，增幅0.46%；净利润78.47亿 元，同比增加2.86亿元，增幅3.79%；归属于本行股东的净利润76.99亿元，同比增加3.41亿元，增幅 4.63%。 资产规模方面，截至报告期末，重庆农商行资产总额16301.31亿元，较上年末增长1151.89亿元；存款余 额10251.95亿元，较上年末增长832.49亿元；贷款余额7652.45亿元，较上年末增长509.72亿元。 ...

格隆汇8月26日丨重庆农村商业银行(03618.HK)发布公告，2025年上半年，集团深入构建数字驱动 、产 业链动 、场景圈动"三种新动能"，积极服务地方经济，夯实业务发展基础，规模效益持续增长。本期 实现营业收入147.36亿元(人民币，下同)，同比增加0.94亿元，增幅0.64%；净利润78.47亿元，同比增加 2.86亿元，增幅3.79%；归属于本行股东的净利润76.99亿元，同比增加3.41亿元，增幅4.63%。 ...

重庆农村商业银行股份有限公司 CHONGQING RURAL COMMERCIAL BANK CO., LTD. 股票代码： 目 录 重要提示 一、本行董事会、监事会及董事、监事、高级管理人员保 证半年度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、本行于 2025 年 8 月 26 日召开了第五届董事会第六十 次会议，审议通过了本行 2025 年半年度报告及摘要。会议应 出席董事 8 名，实际出席 8 名。本行部分监事及高级管理人员 列席了本次会议。 三、本行按照中国会计准则编制的 2025 年半年度财务报 告已经毕马威华振会计师事务所（特殊普通合伙）根据中国审 阅准则审阅，按照国际财务报告准则编制的 2025 年中期财务 报告已经毕马威会计师事务所根据国际审阅准则审阅。 四、本行行长隋军1、主管会计工作的副行长张进及会计机 构负责人刘一保证本报告中财务报告的真实、准确、完整。 五、本行 2024 年度股东大会审议通过了《关于审议重庆 农村商业银行股份有限公司 2025 年中期利润分配安排的议 案》，授权董事会在符合利润分配的条件下，制定并实施具体 的 ...

| 公司代码：601077 公司简称：渝农商行 | | | | | | | --- | --- | --- | --- | --- | --- | | 重庆农村商业银行股份有限公司 | | | | | | | 一、重要提示 | | | | | | | 况及未来发展规划，投资者应当到上海证券交易所网站（www.sse.com.cn）仔细阅读 | | | | | | | 半年度报告全文。 | | | | | | | 准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责 | | | | | | | 任。 | | | | | | | 级管理人员列席了本次会议。 | | | | | | | 事务所（特殊普通合伙）根据中国审阅准则审阅，按照国际财务报告准则编制的 | | | 2025 | | | | 年中期财务报告已经毕马威会计师事务所根据国际审阅准则审阅。 | | | | | | | 施具体的中期分红方案。本行董事会将在授权范围内适时实施 2025 年度具体中期利 | | | | | | | 润分配方案。本行 2025 年中期不进行资本公积转增股本。 | | | | | | | 二、公司基本情况 ...