证券代码：002958 证券简称：青农商行 公告编号：2025-043 转债代码：128129 转债简称：青农转债 青岛农村商业银行股份有限公司 2025 年第一次临时股东大会决议公告 （一）召开时间： 1.现场会议召开时间：2025年8月28日（星期四）下午15:00。 2.网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为2025年8 月28日上午9:15-9:25，9:30-11:30，下午13:00-15:00；通过深圳证券交易所互联网投票 系统投票的时间为2025年8月28日9:15-15:00。 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 特别提示： 1.本次股东大会无否决提案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 （二）会议地点：青岛市崂山区秦岭路6号1号楼（农商财富大厦）4楼407会议室。 （三）召开方式：采取现场投票与网络投票相结合的方式。 （四）召集人：青岛农村商业银行股份有限公司（以下简称本行）董事会。 （五）主持人：本行董事长王锡峰先生。 （六）本次会议的召开符合《中华人民共和国公司法 ...

江苏世纪同仁律师事务所关于 青岛农村商业银行股份有限公司 2025年第一次临时股东大会的 江苏州公 法律意见书 致:青岛农村商业银行股份有限公司 根据《中华人民共和国证券法》《中华人民共和国公司法》《上市公司股东 会规则》〈以下简称"《股东会规则》"〉等法律、法规和规范性文件以及现行 有效的《青岛农村商业银行股份有限公司章程》（以下简称"《公司章程》"） 的规定,江苏世纪同仁律师事务所(以下简称"本所")受青岛农村商业银行股 份有限公司(以下简称"公司")委托,指派本所律师出席公司 2025年第一次临 时股东大会(以下简称"本次股东大会"),并就本次股东大会相关事项出具本 法律意见书。 为出具本法律意见书,本所律师对本次股东大会所涉及的有关事项进行了审 查,查阅了相关会议文件,并对有关问题进行了必要的核查和验证。 本所同意将本法律意见书作为本次股东大会的公告材料,随同其他会议文件 一并报送有关机构并公告。除此以外,未经本所同意,本法律意见书不得为任何 其他人用于任何其他目的。 本所律师根据相关法律、法规和规范性文件的要求,按照律师行业公认的业 务标准、道德规范和勤勉尽责精神,出具法律意见如下: 一、关于本次股 ...

Market Performance - The agricultural commercial bank sector increased by 0.41% on August 28, with Shanghai Agricultural Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Individual Stock Performance - Shanghai Agricultural Commercial Bank (601825) closed at 8.76, up 1.04% with a trading volume of 382,700 shares and a transaction value of 334 million [1] - Zhangjiagang Bank (002839) closed at 4.49, up 0.67% with a trading volume of 410,800 shares and a transaction value of 183 million [1] - Chongqing Agricultural Commercial Bank (601077) closed at 6.34, up 0.48% with a trading volume of 744,600 shares and a transaction value of 470 million [1] - Jiangyin Bank (002807) closed at 4.79, down 0.21% with a trading volume of 489,800 shares and a transaction value of 234 million [1] Capital Flow Analysis - The agricultural commercial bank sector saw a net inflow of 9.792 million from institutional investors and a net inflow of 43.4504 million from retail investors, while individual investors experienced a net outflow of 53.2424 million [1] - Chongqing Agricultural Commercial Bank had a net inflow of 32.1428 million from institutional investors, while retail investors had a net outflow of 786.10 thousand [2] - Jiangyin Bank experienced a net inflow of 1.0032 million from institutional investors, with a net outflow of 2.76418 million from retail investors [2]

Group 1 - The core viewpoint of the report indicates that Qingnong Commercial Bank experienced a slight decline in operating income while achieving growth in net profit for the first half of 2025 [1] - The bank's operating income for the first half of 2025 was 5.752 billion yuan, a year-on-year decrease of 1.83%, while net profit attributable to shareholders increased to 2.134 billion yuan, reflecting a growth of 5.22% [1] - As of June 30, 2025, the total assets of the bank reached 505.246 billion yuan, representing a growth of 2.06% compared to the end of the previous year [1] Group 2 - The total amount of loans and advances issued by the bank was 272.199 billion yuan, which increased by 5.616 billion yuan, marking a growth of 2.11% [1] - The balance of deposits absorbed by the bank was 334.388 billion yuan, with an increase of 7.715 billion yuan, reflecting a growth of 2.36% [1] - The bank's non-performing loan ratio stood at 1.75%, a decrease of 0.04 percentage points from the end of the previous year, indicating an improvement in asset quality [1] Group 3 - The provision coverage ratio was reported at 249.00%, slightly down from 250.53% at the end of 2024 [1] - As of the end of the reporting period, the bank's core Tier 1 capital adequacy ratio was 10.58%, the Tier 1 capital adequacy ratio was 12.09%, and the total capital adequacy ratio was 13.78%, all showing a decline compared to the end of the previous year [1]

Core Insights - Qingdao Rural Commercial Bank reported a decrease in operating income for the first half of 2025, amounting to 5.752 billion yuan, a decline of 1.07 billion yuan or 1.83% year-on-year [1] - The bank's net profit attributable to shareholders increased to 2.134 billion yuan, reflecting a growth of 1.06 billion yuan or 5.22% year-on-year [1] Business Scale - As of June 30, 2025, the total amount of loans and advances issued by Qingdao Rural Commercial Bank reached 272.199 billion yuan, an increase of 5.616 billion yuan or 2.11% compared to the end of the previous year [1] - The bank's total deposits amounted to 334.388 billion yuan, which is an increase of 7.715 billion yuan or 2.36% from the end of the previous year [1] Asset Quality - At the end of the reporting period, the non-performing loan balance stood at 4.770 billion yuan, with a non-performing loan ratio of 1.75%, showing a decrease of 0.04 percentage points from the end of the previous year [1] - Both the non-performing loan ratio and the non-performing loan balance have declined [1]

第五届监事会第五次临时会议决议公告 本行及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 青岛农村商业银行股份有限公司（以下简称本行）第五届监事会第五次临时会议 于 2025 年 8 月 26 日在本行总行召开。会议通知已于 2025 年 8 月 21 日以电子邮件及 书面方式发出。应出席本次会议的监事 6 人，实际出席本次会议（含网络方式）的监 事 5 人。彭涛监事以网络方式参加会议。朱晓亮监事因工作原因不能按时出席本次会 议，授权委托柳波监事代为出席并表决。会议由半数以上监事共同推举王德志监事主 持。会议的召开及表决程序符合《中华人民共和国公司法》及《公司章程》的有关规 定。 会议审议通过了以下议案： 一、审议并通过《关于<青岛农村商业银行股份有限公司 2025 年半年度报告及摘 要>的议案》。 表决结果为：同意 6 票，反对 0 票，弃权 0 票。 | 证券代码：002958 | 证券简称：青农商行 | 公告编号：2025-041 | | --- | --- | --- | | 转债代码：128129 | 转债简称：青农转债 | | 青岛农村商业银行股份有限公司 ...

表决结果为：同意 10 票，反对 0 票，弃权 0 票。 | 证券代码：002958 | 证券简称：青农商行 | 公告编号：2025-040 | | --- | --- | --- | | 转债代码：128129 | 转债简称：青农转债 | | 青岛农村商业银行股份有限公司 第五届董事会第十二次临时会议决议公告 本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 青岛农村商业银行股份有限公司（以下简称本行）第五届董事会第十二次临时会 议于 2025 年 8 月 26 日在本行总行召开。会议通知已于 2025 年 8 月 19 日以电子邮件 及书面方式发出。应出席本次会议的董事 10 人，实际出席本次会议（含网络方式） 的董事 10 人。薛健、王少飞、潘爱玲、李维安董事以网络方式参加会议。会议由董 事长王锡峰主持，部分监事列席了会议。会议的召开及表决程序符合《中华人民共和 国公司法》及《公司章程》的有关规定。 会议审议通过了以下议案： 1.审议并通过《关于<青岛农村商业银行股份有限公司 2025 年半年度报告及摘要> 的议案》。 1 杨延亮董事回避本议案表决。本议案已经 ...

[Part I Important Notice, Table of Contents, and Definitions](index=2&type=section&id=第一节%20重要提示、目录及释义) [Important Notice](index=2&type=section&id=重要提示) The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with the Chairman, President, and CFO affirming the financial report's integrity. No cash dividends, bonus shares, or capital reserve conversions are planned for this reporting period, and the financial report is unaudited - The Bank's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[4](index=4&type=chunk) - The Bank plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the 2025 semi-annual period[4](index=4&type=chunk) - The Bank's semi-annual financial report is unaudited, investors are advised to take note[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=目录) This section lists the structured table of contents for the report, comprising eight main chapters covering important notices, company profile, management discussion and analysis, corporate governance, significant events, share changes, bond information, and financial reports [Definitions](index=4&type=section&id=释义) This section provides definitions for common terms used in the report, such as "the Bank," "common shares," and "National Financial Regulatory Administration," to ensure clear understanding of the content. The reporting period is from January 1, 2025, to June 30, 2025 - The reporting period refers to the period from January 1, 2025, to June 30, 2025[12](index=12&type=chunk) [Part II Company Profile and Key Financial Indicators](index=5&type=section&id=第二节%20公司简介和主要财务指标) [1. Company Profile](index=5&type=section&id=一、公司简介) Qingdao Rural Commercial Bank Co., Ltd. (stock abbreviation: Qingnongshanghang, stock code: 002958) is listed on the Shenzhen Stock Exchange, with Wang Xifeng as its legal representative - Stock Abbreviation: Qingnongshanghang, Stock Code: **002958**, Listed Stock Exchange: Shenzhen Stock Exchange[15](index=15&type=chunk) - Legal Representative: Wang Xifeng[15](index=15&type=chunk) [2. Contact Person and Information](index=5&type=section&id=二、联系人和联系方式) The Bank's Board Secretary is Zhu Guangyuan, with contact address at Building 1, No. 6 Qinling Road, Laoshan District, Qingdao, Shandong Province, phone 0532-66957767, and email qrcb@qrcb.com.cn - Board Secretary: Zhu Guangyuan, Contact Number: **0532-66957767**, Email: qrcb@qrcb.com.cn[16](index=16&type=chunk) [3. Other Information](index=5&type=section&id=三、其他情况) The Bank's registered address, office address, website, email, information disclosure, and document storage locations remained unchanged during the reporting period, with no other applicable changes - The Bank's registered address, office address, postal code, website, and email remained unchanged during the reporting period[17](index=17&type=chunk) [4. Key Accounting Data and Financial Indicators](index=6&type=section&id=四、主要会计数据和财务指标) In the first half of 2025, the Bank's operating revenue decreased by 1.83% year-on-year, but total profit and net profit increased by 15.01% and 6.12% respectively. Net cash flow from operating activities significantly decreased by 91.67%, while total assets and deposits absorbed showed steady growth 2025 H1 Key Accounting Data and Financial Indicators (Unit: RMB thousand) | Item | Jan-Jun 2025 | Jan-Jun 2024 | YoY Change in Reporting Period | Jan-Jun 2023 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 5,751,671 | 5,858,890 | (1.83%) | 5,593,161 | | Total Profit | 2,303,343 | 2,002,654 | 15.01% | 1,912,882 | | Net Profit | 2,138,426 | 2,015,115 | 6.12% | 1,906,242 | | Net Profit Attributable to Parent Company Shareholders | 2,134,171 | 2,028,257 | 5.22% | 1,891,767 | | Net Cash Flow from Operating Activities | 736,338 | 8,844,357 | (91.67%) | 16,967,722 | | Basic Earnings Per Share (RMB/share) | 0.36 | 0.34 | 5.88% | 0.31 | | Total Assets (June 30, 2025 vs Dec 31, 2024) | 505,245,867 | 495,032,420 | 2.06% | 467,936,769 | | Deposits Absorbed (June 30, 2025 vs Dec 31, 2024) | 334,387,600 | 326,672,898 | 2.36% | 305,538,569 | [5. Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=6&type=section&id=五、境内外会计准则下会计数据差异) During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under International Accounting Standards or overseas accounting standards and Chinese Accounting Standards - During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards[22](index=22&type=chunk) [6. Non-recurring Gains and Losses and Amounts](index=7&type=section&id=六、非经常性损益项目及金额) In the first half of 2025, the Bank's net non-recurring gains and losses were **RMB 81,184 thousand**, a year-on-year decrease of 25.55%, mainly due to reduced government subsidies and fair value changes not being disclosed as non-recurring items Non-recurring Gains and Losses and Amounts (Unit: RMB thousand) | Item | Jan-Jun 2025 | Jan-Jun 2024 | Jan-Jun 2023 | | :--- | :--- | :--- | :--- | | Net Gains from Disposal of Non-current Assets | 37,485 | 53,690 | 1,721 | | Government Subsidies | 39,888 | 60,384 | 192,892 | | Other Non-recurring Gains and Losses | 3,811 | (5,034) | (3,811) | | **Net Non-recurring Gains and Losses** | **81,184** | **109,040** | **190,802** | | Less: Income Tax Impact of Above Items | (20,646) | (27,361) | (48,341) | | **Total** | **60,538** | **81,679** | **142,461** | - The Bank's fair value changes from held-for-trading financial assets and liabilities, and reversals of asset impairment provisions arising from normal operations, were not disclosed as non-recurring gains and losses[25](index=25&type=chunk) [7. Supplementary Financial and Regulatory Indicators](index=7&type=section&id=七、补充财务及监管指标) As of the end of June 2025, the Bank's capital adequacy ratio, liquidity ratio, non-performing loan ratio, and provision coverage ratio all met regulatory requirements, with the non-performing loan ratio continuously decreasing to **1.75%** and the provision coverage ratio maintained at a high level of **249.00%**. The cost-to-income ratio significantly optimized to **25.20%** 2025 H1 Supplementary Financial and Regulatory Indicators | Indicator Category | Indicator | Standard | Jan-Jun 2025 | 2024 | 2023 | | :--- | :--- | :--- | :--- | :--- | :--- | | Capital Adequacy | Common Equity Tier 1 Capital Adequacy Ratio | ≥7.5% | 10.58% | 10.70% | 9.91% | | | Tier 1 Capital Adequacy Ratio | ≥8.5% | 12.09% | 12.26% | 11.48% | | | Capital Adequacy Ratio | ≥10.5% | 13.78% | 13.96% | 13.21% | | Liquidity Risk | Liquidity Ratio | ≥25% | 95.27% | 104.51% | 98.03% | | | Non-performing Loan Ratio | ≤5% | 1.75% | 1.79% | 1.81% | | Provisions | Provision Coverage Ratio | ≥150% | 249.00% | 250.53% | 237.96% | | Profitability | Cost-to-Income Ratio | ≤45% | 25.20% | 30.74% | 31.70% | | | Return on Total Assets (Annualized) | - | 0.86% | 0.59% | 0.58% | | | Net Interest Margin (Annualized) | - | 1.60% | 1.67% | 1.77% | | | Net Interest Income Ratio (Annualized) | - | 1.61% | 1.67% | 1.76% | - The non-performing loan ratio continued to decline, from **1.79%** at the end of 2024 to **1.75%** at the end of June 2025[28](index=28&type=chunk) - The cost-to-income ratio significantly optimized, decreasing from **30.74%** in 2024 to **25.20%** in the first half of 2025[28](index=28&type=chunk) [Part III Management Discussion and Analysis](index=10&type=section&id=第三节%20管理层讨论与分析) [1. Principal Businesses of the Bank During the Reporting Period](index=10&type=section&id=一、报告期内本行从事的主要业务) The Bank primarily engages in absorbing deposits, issuing loans, domestic and international settlements, and bill acceptance and discounting, maintaining a "serving agriculture and small businesses" market position, driven by retail finance, corporate finance, and treasury operations, while developing distinctive businesses like rural revitalization, international business, and wealth management - The Bank's business scope is extensive, including absorbing domestic and foreign currency public deposits, issuing loans, domestic and international settlements, and bill acceptance and discounting[32](index=32&type=chunk) - The Bank adheres to its market positioning of "serving agriculture and small businesses," driving development through three major segments: retail finance, corporate finance, and treasury operations[32](index=32&type=chunk) - The Bank focuses on developing distinctive businesses such as rural revitalization, international business, and wealth management, promoting deep integration of online and offline services[32](index=32&type=chunk) [2. Analysis of Core Competencies](index=10&type=section&id=二、核心竞争力分析) The Bank's core competencies include a promising regional economic outlook, sound corporate governance, unique urban-rural financial service model, professional and efficient SME financial services, excellent financial asset and investment management capabilities, prudent risk control, stringent internal management, and a pragmatic and proactive management team - Qingdao, as a key coastal central city, provides ample space for the Bank to deepen its local market presence[33](index=33&type=chunk) - A sound corporate governance structure, centered on the Board of Directors, Supervisory Board, and senior management, with directors, supervisors, and executives possessing years of banking management experience[33](index=33&type=chunk) - Possesses the largest and most extensive bank network in Qingdao, pioneering the internet-based micro and small enterprise cloud payment system[34](index=34&type=chunk) - Serves micro, small, and medium-sized enterprises through a "special scale, dedicated team, professional process, specialized risk control" model, introducing German microcredit technology[35](index=35&type=chunk) - Actively transforming into a "light capital, light asset" transactional bank focused on "financial markets and investment management," with its financial market center being the first to obtain full license operation qualifications[36](index=36&type=chunk) - Established a top-down risk management system comprising the Board of Directors, senior management, risk management departments, and branches, forming a "three lines of defense" internal control framework[37](index=37&type=chunk) - Senior management possesses excellent strategic vision and deep industry knowledge, implementing a market-oriented talent selection and assessment system[37](index=37&type=chunk) [3. Overview of Overall Performance](index=12&type=section&id=三、总体情况概述) In the first half of 2025, the Bank achieved growth in both scale and profitability, with net profit attributable to parent company shareholders increasing by **5.22%** year-on-year. Asset quality continued to improve, with both non-performing loan ratio and balance decreasing, and significant progress was made in serving the "five key areas" of finance, including growth in strategic emerging, technology, green, agriculture-related, and inclusive small and micro loans, alongside active promotion of digital transformation and elderly care financial ecosystem development - Achieved "double growth" in scale and profitability: Total loans and advances **RMB 272.199 billion**, an increase of **2.11%** from the end of last year; total deposits absorbed **RMB 334.388 billion**, an increase of **2.36%** from the end of last year[38](index=38&type=chunk) - Net profit attributable to parent company shareholders was **RMB 2.134 billion**, a year-on-year increase of **5.22%**[38](index=38&type=chunk) - Asset quality further optimized: Non-performing loan ratio was **1.75%**, a decrease of **0.04 percentage points** from the end of last year, achieving a "double decrease" in both non-performing loan ratio and balance[39](index=39&type=chunk) - New progress in serving the "five key areas" of finance: Strategic emerging loans balance **RMB 8.415 billion**, an increase of **RMB 1.839 billion**; technology finance loans balance **RMB 15.684 billion**, an increase of **RMB 1.632 billion**; green loans balance **RMB 15.486 billion**, an increase of **RMB 1.560 billion**; agriculture-related loans balance **RMB 59.1 billion**, maintaining first place in the city; inclusive small and micro loans balance **RMB 51.617 billion**, fully achieving the "two increases" target[40](index=40&type=chunk) - Building an elderly care financial ecosystem, continuously promoting the "Colorful Healthy Years" elderly care service brand[40](index=40&type=chunk) - Activating the digital finance innovation engine, launching **16** innovation projects in the first half of the year, implementing **3** major AI large model intelligent agent applications such as office assistant, compliance assistant, and credit assistant[40](index=40&type=chunk) [4. Financial Statement Analysis](index=13&type=section&id=四、财务报表分析) This section provides a detailed analysis of the Bank's income statement, balance sheet, and cash flow statement for the first half of 2025. Net interest income grew steadily, while non-interest net income decreased. Both total assets and total liabilities increased, primarily driven by loans and advances and deposits absorbed. Asset quality continued to improve, with a decrease in the non-performing loan ratio. In terms of cash flow, net cash flow from operating activities significantly decreased, net cash flow from investing activities significantly increased, and net cash flow from financing activities turned positive [(1) Analysis of Income Statement Items](index=13&type=section&id=（一）利润表项目分析) In the first half of 2025, the Bank's operating revenue decreased by **1.83%** year-on-year, but operating profit and total profit increased by **14.54%** and **15.01%** respectively. Net interest income grew by **1.54%**, mainly due to liability cost control. Non-interest net income decreased by **7.08%**, primarily affected by a reduction in fair value change gains. Credit impairment losses decreased by **19.68%** year-on-year, reflecting improved asset quality 2025 H1 Consolidated Income Statement Key Data (Unit: RMB thousand) | Item | Jan-Jun 2025 | Jan-Jun 2024 | Change Amount | Change Percentage | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 5,751,671 | 5,858,890 | (107,219) | (1.83%) | | Net Interest Income | 3,623,539 | 3,568,582 | 54,957 | 1.54% | | Non-interest Net Income | 2,128,132 | 2,290,308 | (162,176) | (7.08%) | | Operating Profit | 2,299,532 | 2,007,685 | 291,847 | 14.54% | | Total Profit | 2,303,343 | 2,002,654 | 300,689 | 15.01% | | Net Profit | 2,138,426 | 2,015,115 | 123,311 | 6.12% | | Credit Impairment Losses | (1,932,229) | (2,405,538) | 473,309 | (19.68%) | - Net interest income increased by **1.54%**, primarily due to the Bank's increased support for the real economy, steady growth in credit scale, and strengthened cost control, continuously reducing liability costs[43](index=43&type=chunk) - Both net interest margin and net interest income ratio decreased by **0.09 percentage points** compared to the same period last year, mainly due to declining market interest rates and concessions to the real economy[46](index=46&type=chunk) - Net fee and commission income increased by **1.71%** year-on-year, mainly driven by increased income from agency, custody, and bond underwriting businesses[50](index=50&type=chunk) - Other non-interest net income decreased by **9.77%**, with investment income increasing by **RMB 334 million** and fair value change gains decreasing by **RMB 478 million**[53](index=53&type=chunk) - Credit impairment losses decreased by **19.68%**, mainly due to the Bank's strengthened risk control, improved asset quality, and reasonable provision accrual[57](index=57&type=chunk) [(2) Analysis of Balance Sheet Items](index=18&type=section&id=（二）资产负债表项目分析) As of June 30, 2025, the Bank's total assets reached **RMB 505.246 billion**, an increase of **2.06%** from the end of last year. Net loans and advances grew by **2.28%**, accounting for **51.64%** of total assets. Total liabilities increased by **2.07%**, with deposits absorbed being the primary source of funds, growing by **2.36%**. The non-performing loan ratio decreased to **1.75%**, indicating continuous optimization of asset quality. The financial investment structure was adjusted, with a significant increase in other debt investments Consolidated Balance Sheet Key Data as of June 30, 2025 (Unit: RMB thousand) | Item | June 30, 2025 | Dec 31, 2024 | Change Amount | Change Percentage | | :--- | :--- | :--- | :--- | :--- | | Total Assets | 505,245,867 | 495,032,420 | 10,213,447 | 2.06% | | Loans and Advances | 260,916,524 | 255,106,911 | 5,809,613 | 2.28% | | Total Liabilities | 463,331,564 | 453,921,297 | 9,410,267 | 2.07% | | Deposits Absorbed | 334,387,600 | 326,672,898 | 7,714,702 | 2.36% | | Net Assets Attributable to Parent Company Shareholders | 41,706,152 | 40,747,140 | 959,012 | 2.35% | - Net loans and advances increased by **2.28%**, primarily due to the Bank's adherence to its "serving agriculture and small businesses" positioning, increasing loan disbursements in key areas such as agriculture-related loans, inclusive finance, green finance, and strategic emerging industries[60](index=60&type=chunk) - Non-performing loan balance was **RMB 4.77 billion**, with a non-performing loan ratio of **1.75%**, a decrease of **0.04 percentage points** from the end of last year, achieving a "double decrease"[70](index=70&type=chunk) - Total financial investments were **RMB 179.12 billion**, with other debt investments increasing by **34.80%**, mainly due to optimizing asset structure and increasing investments in policy bank bonds and interbank financial bonds[88](index=88&type=chunk) - Deposits absorbed balance was **RMB 334.388 billion**, an increase of **2.36%**, representing the Bank's primary source of funds, with individual deposits accounting for **72.76%** of total deposits[96](index=96&type=chunk) - Borrowings from central bank balance was **RMB 17.847 billion**, a decrease of **0.11%**, mainly due to gradually reducing rediscount balances[97](index=97&type=chunk) - Bonds payable balance was **RMB 77.608 billion**, an increase of **1.35%**, mainly due to increased issuance of debt securities[97](index=97&type=chunk) [(3) Analysis of Cash Flow Statement Items](index=28&type=section&id=（三）现金流量表项目分析) In the first half of 2025, the Bank's net cash flow from operating activities was **RMB 736 million**, a significant year-on-year decrease of **91.67%**, primarily due to increased cash outflows for financial assets held for trading. Net cash flow from investing activities was **RMB 1.688 billion**, a year-on-year increase of **280.80%**, mainly due to reduced cash outflows for investments. Net cash flow from financing activities turned positive at **RMB 44.5 million**, primarily due to increased cash inflows from bond issuance 2025 H1 Consolidated Cash Flow Statement Key Data (Unit: RMB thousand) | Item | Jan-Jun 2025 | Jan-Jun 2024 | Change Amount | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 736,338 | 8,844,357 | (8,108,019) | | Net Cash Flow from Investing Activities | 1,687,788 | 443,189 | 1,244,599 | | Net Cash Flow from Financing Activities | 44,526 | (6,743,661) | Not applicable | - Cash inflow from operating activities increased by **RMB 572 million**, mainly due to increased cash inflow from repurchase agreements[100](index=100&type=chunk) - Cash outflow from operating activities increased by **RMB 8.68 billion**, mainly due to increased cash outflow for financial assets held for trading[101](index=101&type=chunk) - Cash inflow from investing activities decreased by **RMB 4.622 billion**, mainly due to decreased cash inflow from investment redemptions[100](index=100&type=chunk) - Cash outflow from investing activities decreased by **RMB 5.867 billion**, mainly due to decreased cash outflow for investments made[101](index=101&type=chunk) - Cash inflow from financing activities increased by **RMB 6.642 billion**, mainly due to increased cash inflow from bond issuance[100](index=100&type=chunk) - Cash outflow from financing activities decreased by **RMB 147 million**, mainly due to decreased cash outflow for dividend distribution, profit, or interest payments[101](index=101&type=chunk) [(4) Segment Analysis](index=29&type=section&id=（四）分部分析) The Bank's segment reporting on business income and expenses is detailed in the segment report section of the financial statement notes - The Bank's business income and expense segment information can be found in "Part VIII Financial Report," "Notes to Financial Statements," "VI. Segment Reporting"[102](index=102&type=chunk) [5. Analysis of Assets and Liabilities](index=29&type=section&id=五、资产及负债状况分析) The Bank's asset and liability position remains stable, with no significant overseas assets. Financial assets and liabilities measured at fair value primarily include financial assets held for trading, derivative financial assets/liabilities, and other debt investments. During the reporting period, investment income, other operating income, interbank placements, other debt investments, and interbank borrowings experienced changes exceeding **30%**, mainly influenced by market interest rates, policies, and business structure adjustments [(1) Major Overseas Assets](index=29&type=section&id=（一）主要境外资产情况) The Bank had no major overseas assets during the reporting period - Not applicable[103](index=103&type=chunk) [(2) Assets and Liabilities Measured at Fair Value](index=29&type=section&id=（二）以公允价值计量的资产和负债) As of the end of the reporting period, the Bank's financial assets measured at fair value totaled **RMB 129.117 billion**, and financial liabilities totaled **RMB 166.037 million**. These primarily include financial assets held for trading, derivative financial assets/liabilities, and other debt investments. There were no significant changes in the company's major asset measurement attributes during the reporting period Assets and Liabilities Measured at Fair Value (Unit: RMB thousand) | Item | Beginning Balance | Fair Value Change Gains/Losses for the Period | Accumulated Fair Value Changes Recognized in Equity | Impairment Provisions for the Period | Ending Balance | | :--- | :--- | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | 47,992,049 | 38,428 | - | - | 51,402,089 | | Derivative Financial Assets | 216,748 | 283,103 | - | - | 476,081 | | Other Debt Investments | 44,460,963 | - | (404,533) | 15,714 | 59,933,010 | | Other Equity Instrument Investments | 5,200 | - | - | - | 5,200 | | Loans and Advances Measured at Fair Value Through Other Comprehensive Income | 17,177,226 | - | (1,183) | (10,995) | 17,300,890 | | **Subtotal Financial Assets** | **109,852,186** | **321,531** | **(405,716)** | **4,719** | **129,117,270** | | Derivative Financial Liabilities | (260,922) | 94,885 | - | - | (166,037) | | **Subtotal Financial Liabilities** | **(260,922)** | **94,885** | **-** | **-** | **(166,037)** | [(3) Asset Rights Restrictions as of the End of the Reporting Period](index=30&type=section&id=（三）截至报告期末的资产权利受限情况) Information on the Bank's asset rights restrictions is detailed in the notes to the financial report regarding pledged/mortgaged assets - Relevant information can be found in "Part VIII Financial Report," "Notes to Financial Statements," "X. Commitments and Contingencies," "(VI) Pledged/Mortgaged Assets"[107](index=107&type=chunk) [(4) Major Statement Items and Financial Indicators with Changes Exceeding 30% and Their Main Reasons](index=30&type=section&id=（四）变动幅度在30%以上的主要报表项目和财务指标及其主要原因) During the reporting period, investment income, other operating income, interbank placements, interbank loans, derivative financial assets, other debt investments, and interbank borrowings experienced changes exceeding **30%**, mainly influenced by increased returns on financial asset investments, market interest rate fluctuations, business structure optimization, and increased corporate income tax Major Statement Items and Financial Indicators with Changes Exceeding 30% (Unit: RMB thousand) | Item | Jan-Jun 2025 | Jan-Jun 2024 | Change | Main Reasons | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 1,024,967 | 691,047 | 48.32% | Increased investment returns from financial assets | | Other Operating Income | 39,094 | 29,246 | 33.67% | Normal business changes, small absolute amount | | Non-operating Income | 9,273 | 1,574 | 489.14% | Normal business changes, small absolute amount | | Income Tax Expense | (164,917) | 12,461 | Not applicable | Due to year-on-year increase in pre-tax profit and decrease in tax-exempt income | | Minority Interest Income/Loss | 4,255 | (13,142) | Not applicable | Due to increased shareholding in rural banks and fluctuations in rural bank profitability | | Net After-tax Other Comprehensive Income | (307,826) | 238,594 | Not applicable | Market interest rate changes, decrease in fair value floating gains on other debt investments | | Interbank Placements (June 30, 2025 vs Dec 31, 2024) | 9,533,895 | 7,118,849 | 33.92% | Increase in placements with domestic banks | | Interbank Loans (June 30, 2025 vs Dec 31, 2024) | 15,757,473 | 11,312,656 | 39.29% | Increase in loans to non-bank financial institutions | | Derivative Financial Assets (June 30, 2025 vs Dec 31, 2024) | 476,081 | 216,748 | 119.65% | Fair value changes of precious metal derivatives | | Financial Assets Purchased Under Resale Agreements (June 30, 2025 vs Dec 31, 2024) | 4,789,546 | 12,659,440 | (62.17%) | Decrease in scale of securities purchased under resale agreements | | Other Debt Investments (June 30, 2025 vs Dec 31, 2024) | 59,933,010 | 44,460,963 | 34.80% | Increase in investment scale of policy bank bonds and interbank financial bonds | | Interbank Borrowings (June 30, 2025 vs Dec 31, 2024) | 9,792,667 | 7,261,103 | 34.86% | Increase in borrowings from domestic banks | | Derivative Financial Liabilities (June 30, 2025 vs Dec 31, 2024) | 166,037 | 260,922 | (36.37%) | Fair value changes of interest rate derivatives | | Taxes Payable (June 30, 2025 vs Dec 31, 2024) | 424,956 | 228,630 | 85.87% | Increase in corporate income tax payable | | Other Liabilities (June 30, 2025 vs Dec 31, 2024) | 1,503,803 | 965,172 | 55.81% | Accrual of dividends payable according to the 2024 profit distribution plan. The Bank executed the profit distribution plan on July 9, 2025 | | Minority Interests (June 30, 2025 vs Dec 31, 2024) | 208,151 | 363,983 | (42.81%) | Due to increased shareholding in rural banks and fluctuations in rural bank retained earnings | [(5) Changes in Accrued Interest](index=31&type=section&id=（五）应收利息增减变动情况) As of June 30, 2025, the Bank's accrued interest balance was **RMB 47.388 million**, a decrease of **33.36%** from the beginning of the period. Accrued interest impairment provisions were **RMB 27.639 million**, a year-on-year decrease of **3.85%** Changes in Accrued Interest (Unit: RMB thousand) | Item | Dec 31, 2024 | Increase for the Period | Decrease for the Period | June 30, 2025 | | :--- | :--- | :--- | :--- | :--- | | Accrued Interest from: – Loans and Advances | 71,131 | 1,563,818 | (1,587,561) | 47,388 | | Total | 71,131 | 1,563,818 | (1,587,561) | 47,388 | | Accrued Interest Impairment Provisions | 28,745 | - | - | 27,639 | [(6) Off-Balance Sheet Items Analysis](index=31&type=section&id=（六）表外项目分析) The Bank's off-balance sheet items primarily include derivative financial instruments, contingencies, and commitments, with specific details provided in the notes to the financial statements - The Bank's off-balance sheet items primarily include derivative financial instruments, contingencies, and commitments[111](index=111&type=chunk) [6. Loan Quality Analysis](index=31&type=section&id=六、贷款质量分析) The Bank's loan quality analysis has been detailed in "4. Financial Statement Analysis," "(2) Analysis of Balance Sheet Items," "1. Analysis of Major Assets," "(2) Loan Quality Analysis" of this section - The Bank's loan quality analysis can be found in "Part III Management Discussion and Analysis," "4. Financial Statement Analysis," "(2) Analysis of Balance Sheet Items," "1. Analysis of Major Assets," "(2) Loan Quality Analysis"[112](index=112&type=chunk) [7. Investment Analysis](index=31&type=section&id=七、投资状况分析) The Bank's investment situation is generally stable, with financial investment details disclosed in the financial statement analysis. There were no significant equity or non-equity investments during the reporting period, and derivative investments primarily involved interest rate, credit, and precious metal derivatives [(1) Overall Situation](index=31&type=section&id=（一）总体情况) The company's investment situation is detailed in "Part III Management Discussion and Analysis," "4. Financial Statement Analysis," "(2) Analysis of Balance Sheet Items," "1. Analysis of Major Assets," "(4) Financial Investments" and "9. Analysis of Major Holding and Participating Companies" of this report [(2) Significant Equity Investments Acquired During the Reporting Period](index=31&type=section&id=（二）报告期内获取的重大的股权投资情况) The Bank had no significant equity investments during the reporting period - Not applicable[113](index=113&type=chunk) [(3) Significant Non-Equity Investments Underway During the Reporting Period](index=31&type=section&id=（三）报告期内正在进行的重大的非股权投资情况) The Bank had no significant non-equity investments during the reporting period - Not applicable[114](index=114&type=chunk) [(4) Financial Asset Investments](index=31&type=section&id=（四）金融资产投资) The Bank's financial asset investments primarily include securities investments and derivative investments. Securities investment details are disclosed in the financial statement analysis. Derivative financial instruments had a notional amount of **RMB 28.768 billion**, fair value assets of **RMB 476.081 million**, and liabilities of **RMB 166.037 million**, mainly comprising interest rate, credit, and precious metal derivatives - Securities investment information can be found in "Part III Management Discussion and Analysis," "4. Financial Statement Analysis," "(2) Analysis of Balance Sheet Items," "1. Analysis of Major Assets," "(4) Financial Investments" of this report[115](index=115&type=chunk) Derivative Financial Instruments Held (Unit: RMB thousand) | Item | Notional Amount as of June 30, 2025 | Fair Value Assets as of June 30, 2025 | Fair Value Liabilities as of June 30, 2025 | Notional Amount as of Dec 31, 2024 | Fair Value Assets as of Dec 31, 2024 | Fair Value Liabilities as of Dec 31, 2024 | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Interest Rate Derivatives | 26,222,200 | 136,432 | (166,037) | 28,610,960 | 214,331 | (260,922) | | Credit Derivatives | 200,000 | 193 | - | 597,000 | 2,417 | - | | Precious Metal Derivatives | 2,345,813 | 339,456 | - | - | - | - | | Total | 28,768,013 | 476,081 | (166,037) | 29,207,960 | 216,748 | (260,922) | [(5) Use of Raised Funds](index=32&type=section&id=（五）募集资金使用情况) The Bank had no use of raised funds during the reporting period - The Bank had no use of raised funds during the reporting period[118](index=118&type=chunk) [8. Significant Asset and Equity Sales](index=32&type=section&id=八、重大资产和股权出售) The Bank did not engage in any significant asset or equity sales during the reporting period - The Bank did not sell significant assets during the reporting period[119](index=119&type=chunk) - The Bank did not sell significant equity during the reporting period[120](index=120&type=chunk) [9. Analysis of Major Holding and Participating Companies](index=32&type=section&id=九、主要控股参股公司分析) The Bank's major holding subsidiaries are **9** rural commercial banks, with Jinxiang Lan Hai Rural Bank demonstrating strong profitability, achieving a net profit of **RMB 21.658 million**. There were no acquisitions or disposals of subsidiaries during the reporting period, but the Bank acquired minority stakes in Rizhao Lan Hai, Pingyin Lan Hai, Yiyang Lan Hai, and Dexing Lan Hai Rural Banks in the first half of 2025, further increasing its shareholding and voting rights Major Subsidiary Information (Unit: RMB thousand) | Company Name | Company Type | Registered Capital | Total Assets | Net Assets | Operating Revenue | Operating Profit | Net Profit | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Luohu Lan Hai Rural Bank | Subsidiary | 500,000 | 1,630,670 | 536,471 | 25,693 | (18,325) | (18,454) | | Dexing Lan Hai Rural Bank | Subsidiary | 90,000 | 995,098 | 110,771 | 11,274 | 2,589 | 1,907 | | Yiyang Lan Hai Rural Bank | Subsidiary | 90,000 | 895,479 | 108,857 | 11,676 | 2,657 | 1,944 | | Rizhao Lan Hai Rural Bank | Subsidiary | 100,000 | 776,655 | 37,666 | 6,975 | (10,307) | (9,592) | | Pingyin Lan Hai Rural Bank | Subsidiary | 100,000 | 832,805 | 74,336 | 3,349 | (6,773) | (5,777) | | Jining Lan Hai Rural Bank | Subsidiary | 100,000 | 1,317,569 | 81,542 | 11,760 | (6,435) | (6,107) | | Jinxiang Lan Hai Rural Bank | Subsidiary | 100,000 | 3,876,959 | 263,835 | 52,846 | 29,469 | 21,658 | | Yinan Lan Hai Rural Bank | Subsidiary | 100,000 | 1,456,579 | 120,540 | 14,863 | 3,094 | 2,394 | | Qingdao Pingdu Huimin Rural Bank | Subsidiary | 124,448.5 | 2,461,121 | 123,010 | 1,069 | (17,716) | (18,922) | - There were no disposals or acquisitions of subsidiaries during the reporting period[124](index=124&type=chunk) - In the first half of 2025, the Bank acquired minority stakes in Rizhao Lan Hai, Pingyin Lan Hai, Yiyang Lan Hai, and Dexing Lan Hai Rural Banks, further increasing its shareholding and voting rights in these related Lan Hai Rural Banks after the capital increase[125](index=125&type=chunk)[126](index=126&type=chunk)[127](index=127&type=chunk)[128](index=128&type=chunk)[129](index=129&type=chunk) [10. Structured Entities Controlled by the Bank](index=36&type=section&id=十、本行控制的结构化主体情况) Information on structured entities controlled by the Bank is detailed in the notes to the financial statements under "Interests in Other Entities" - Information on structured entities controlled by the Bank can be found in "Part VIII Financial Report," "Notes to Financial Statements," "XI. Interests in Other Entities"[131](index=131&type=chunk) [11. Business Development](index=36&type=section&id=十一、业务发展情况) The Bank's retail finance business achieved comprehensive high-quality development, with individual deposit balances leading all peers in the city and personal consumption loans growing by over **RMB 1 billion**. Corporate finance business focused on the "five key areas," with significant growth in strategic emerging, green, technology, agriculture-related, and small and micro loans. Treasury operations maintained stable and compliant operations, demonstrating a clear advantage with full financial market licenses, and wealth management services ranked highly in comprehensive capabilities. Digital transformation continued to advance, with AI large model applications implemented and data management capabilities achieving DCMM Level 3 certification [(1) Retail Finance Business](index=36&type=section&id=（一）零售金融业务) The Bank's retail finance business through refined customer segmentation, construction of an elderly care financial ecosystem, and integration of online and offline channels, achieved both quantity and quality growth in individual deposits, with balances exceeding **RMB 230 billion** by the end of the first half. Personal loans actively responded to consumption stimulus policies, with personal consumption loans growing by over **RMB 1 billion**. Bank card cumulative issuance exceeded **417,800**, and social security card issuance maintained the top position in the city. Channel business digital transformation empowered scenario ecosystems, providing payment and acquiring services to over **20,000** merchants, with extensive coverage of rural inclusive financial service points - By the end of the first half, the Bank's individual deposit balance led all peers in the city, being the first to exceed **RMB 230 billion**[132](index=132&type=chunk) - Personal consumption loans increased by over **RMB 1 billion**, setting a new historical high for the same period[133](index=133&type=chunk) - Cumulative card issuance exceeded **417,800**, with **3.7278 million** social security cards issued, maintaining the top position in the city[135](index=135&type=chunk) - In the first half, provided payment and acquiring services to over **20,000** merchants, with fee reductions exceeding **RMB 6 million**[136](index=136&type=chunk) - Rural inclusive financial payment service points processed **2.4523 million** transactions, with a transaction amount of **RMB 1.97 billion**, directly serving **700,000** basic customers and reaching over **3 million** rural residents[136](index=136&type=chunk) [(2) Corporate Finance Business](index=38&type=section&id=（二）公司金融业务) The Bank's corporate finance business focused on the "five key areas." As of the end of June 2025, strategic emerging loans balance was **RMB 8.415 billion**, an increase of **RMB 1.839 billion**; green loans balance was **RMB 15.486 billion**, an increase of **RMB 1.560 billion**; technology finance loans balance was **RMB 15.684 billion**, an increase of **RMB 1.632 billion**. Agriculture-related loans balance was **RMB 59.161 billion**, maintaining first place in the city. Small and micro loans balance was **RMB 142.815 billion**, fully achieving the "two increases" target. International business foreign exchange transaction volume increased by **9%** year-on-year - As of the end of June 2025, strategic emerging loans balance was **RMB 8.415 billion**, an increase of **RMB 1.839 billion** from the end of last year[139](index=139&type=chunk) - Green loans balance was **RMB 15.486 billion**, an increase of **RMB 1.560 billion** from the end of last year[139](index=139&type=chunk) - Technology finance loans balance was **RMB 15.684 billion**, an increase of **RMB 1.632 billion** from the end of last year, with the People's Bank of China's technology finance service effectiveness rated "Excellent" in Q1[139](index=139&type=chunk) - Agriculture-related loans balance was **RMB 59.161 billion**, an increase of **RMB 6.726 billion** from the beginning of the year, a growth of **12.83%**, maintaining first place in both scale and new additions in the city[139](index=139&type=chunk) - Small and micro loans balance was **RMB 142.815 billion**, serving **56,300** households, an increase of **RMB 8.072 billion** and **800** households from the end of last year, fully achieving the "two increases" target[139](index=139&type=chunk) - In the first half, foreign exchange transaction volume reached **USD 35.4 billion**, a year-on-year increase of **9%**[139](index=139&type=chunk) [(3) Treasury Operations](index=38&type=section&id=（三）资金业务) The Bank's treasury operations adhere to stable and compliant management, leveraging its full financial market license advantage to support the real economy through bond underwriting, investment, and bill business. Its wealth management product system is increasingly comprehensive, with comprehensive wealth management capabilities ranking **5th** among rural financial wealth management institutions, and wealth management product balance reaching **RMB 30.801 billion** - The Bank successfully issued the first sci-tech innovation bond among rural commercial banks nationwide and the first local legal entity bank in Shandong Province, steadily enhancing its market influence[141](index=141&type=chunk) - In the "Bank Wealth Management Capability Ranking Report (Q2 2025)" published by Puyi Standard, the Bank's wealth management comprehensive capability ranked **5th** among rural financial wealth management institutions[142](index=142&type=chunk) - At the end of the reporting period, wealth management product balance was **RMB 30.801 billion**[142](index=142&type=chunk) [(4) Digital Transformation](index=40&type=section&id=（四）数字化转型) The Bank continued to implement its digital transformation strategic plan, launching **16** innovation projects in the first half of the year, with mobile banking users exceeding **2.84 million**. It actively explored AI large model applications, implementing intelligent agents such as office assistant, compliance assistant, and credit assistant. Data management capabilities received DCMM Level 3 certification, and the proportion of digital talent exceeded **12%** - Cumulatively received over **20** national, provincial, and municipal digital finance awards, and **7** national invention patents[144](index=144&type=chunk) - In the first half, promoted the successful implementation of **16** innovation projects, including the enterprise-level risk control decision engine, with mobile banking users exceeding **2.84 million**[145](index=145&type=chunk) - Implemented **3** major AI large model intelligent agent applications: office assistant, compliance assistant, and credit assistant[146](index=146&type=chunk) - Data management capabilities received national data management DCMM Level 3 certification, with digital talent accounting for over **12%** of the entire bank[147](index=147&type=chunk) [12. Risk Management](index=41&type=section&id=十二、风险管理) The Bank actively promotes a risk management culture of "compliance, prudence, proactivity, and comprehensiveness," building an integrated "strategy-risk-capital" governance framework and strengthening risk limit management. It primarily faces credit risk, liquidity risk, market risk, and operational risk, and has established comprehensive management systems and response measures, with all risk indicators meeting regulatory requirements and risk management effectiveness continuously improving [(1) Credit Risk](index=41&type=section&id=（一）信用风险) The Bank continuously strengthens credit risk management by improving credit risk measurement tools, upgrading its risk early warning system, and optimizing risk management processes. Key efforts include credit policy support for the real economy, independent and centralized review and approval mechanisms, optimized disbursement review, deepened application of big data risk control technology, enhanced post-loan management effectiveness, and strengthened loan quality management - The Bank's credit risk assets include various loans, financial investments, and off-balance sheet credit businesses[148](index=148&type=chunk) - The Bank continuously improves credit risk measurement tools, utilizes big data mining technology to upgrade its risk early warning system, and optimizes risk management processes[149](index=149&type=chunk) - Implements a "separation of loan review and approval, hierarchical approval" credit approval model, establishing a professional disbursement review team[150](index=150&type=chunk) - Built a new risk control platform that aggregates multi-dimensional risk information, achieving seamless integration of the entire risk management process from "data-insight-decision-action"[150](index=150&type=chunk) - Strictly implements the "three lines of defense" mechanism for post-loan management, establishing a long-term mechanism for loan risk screening[150](index=150&type=chunk) [(2) Liquidity Risk](index=42&type=section&id=（二）流动性风险) The Bank has established a liquidity risk management system commensurate with its business scale, with the Board of Directors bearing ultimate responsibility. In the first half of 2025, the Bank closely monitored macroeconomic conditions and proactively arranged the maturity structure of its assets and liabilities to ensure liquidity safety. Liquidity ratio, liquidity coverage ratio, and net stable funding ratio all met regulatory requirements - The Bank has established a liquidity risk management system commensurate with its business scale, nature, and complexity, with the Board of Directors bearing ultimate responsibility for liquidity risk management[151](index=151&type=chunk) - In the first half of 2025, the Bank closely monitored macroeconomic conditions and changes in the central bank's monetary policy, ensuring the Bank's liquidity safety[152](index=152&type=chunk) - Liquidity ratio was **95.27%**, meeting the National Financial Regulatory Administration's requirement of not less than **25%**[153](index=153&type=chunk) - Liquidity coverage ratio was **348.90%**, meeting the National Financial Regulatory Administration's requirement of not less than **100%**[153](index=153&type=chunk) - Net stable funding ratio was **142.89%**, meeting the National Financial Regulatory Administration's requirement of not less than **100%**[153](index=153&type=chunk) [(3) Market Risk](index=43&type=section&id=（三）市场风险) The Bank has established a comprehensive market risk management system, with the Board of Directors bearing ultimate monitoring responsibility. Market risk remained stable and controllable, with continuously improving management effectiveness. Regarding interest rate risk, both trading book and banking book adopted prudent management strategies, with overall interest rate risk being controllable. For exchange rate risk, business operations are primarily in RMB, with low foreign exchange exposure, maintaining overall stable exchange rate risk levels - The Bank has established a comprehensive, reliable market risk management system commensurate with the nature, scale, and complexity of its business[156](index=156&type=chunk) - During the reporting period, the Bank's market risk remained stable and controllable, with continuously improving market risk management effectiveness[157](index=157&type=chunk) - The trading book adopted a relatively prudent investment strategy, with all interest rate risk indicators remaining within target ranges[158](index=158&type=chunk) - The banking book interest rate risk level was controlled within the annual interest rate risk management targets, and stress test results showed overall controllability[159](index=159&type=chunk) - The Bank's business operations are primarily in RMB, with low foreign exchange exposure, maintaining overall stable exchange rate risk levels, and all indicators are within limits[160](index=160&type=chunk) [(4) Operational Risk](index=45&type=section&id=（四）操作风险) The Bank's Board of Directors considers operational risk as one of the main risks and has established a comprehensive three-lines-of-defense operational risk management system. During the reporting period, the Bank improved its operational risk loss data collection, self-assessment, and key risk indicator management mechanisms, and launched a smart compliance management platform, effectively enhancing its operational risk management level - The Bank's Board of Directors considers operational risk as one of the main risks faced by the Bank, bearing ultimate responsibility for operational risk management[161](index=161&type=chunk) - The Group has fully established three lines of defense for operational risk: business lines, risk management lead departments, and internal audit departments[162](index=162&type=chunk) - During the reporting period, the Bank further established and improved mechanisms for operational risk loss data collection, operational risk and control self-assessment, and full lifecycle management of key risk indicators[162](index=162&type=chunk) - Developed and launched the smart compliance management platform (Phase I), initially achieving online and standardized operation of the three major operational risk tools, process management, and stress testing[162](index=162&type=chunk) [(5) Compliance Risk](index=46&type=section&id=（五）合规风险) The Bank actively carries out compliance risk prevention, strengthening its internal control and compliance management system, inspections and risk monitoring, risk review and resolution, and enhancing compliance culture building and warning education to foster a culture of "not daring to violate, not being able to violate, and not wanting to violate" throughout the bank - The Bank formulated an internal control and compliance management system construction outline and action plan, clarifying internal control and compliance management responsibilities at all levels and business lines[163](index=163&type=chunk) - Regularly conducted investigations into abnormal employee behavior, internal control and compliance inspections, and proxy management to address non-compliance issues[164](index=164&type=chunk) - Carried out pre-compliance review and embedded review, assessing compliance risks of new products and businesses in advance[164](index=164&type=chunk) - Issued the "Qingdao Rural Commercial Bank Compliance Culture Construction Action Plan," focusing on cultivating good habits and conscious actions of proactive compliance among all employees[164](index=164&type=chunk) [(6) Anti-Money Laundering Management](index=46&type=section&id=（六）反洗钱管理) The Bank actively practices a "risk-based" anti-money laundering approach, strengthening internal control mechanisms, supervision and inspection, and daily monitoring to enhance anti-money laundering efforts. Through policy advocacy, assessment rules, internal inspections, and centralized handling of suspicious cases, it effectively improved money laundering and terrorist financing risk management - Actively practices a "risk-based" anti-money laundering approach, strengthening internal control mechanisms, supervision and inspection, risk screening, and daily monitoring[165](index=165&type=chunk) - Established a monthly anti-money laundering policy advocacy mechanism, formulated anti-money laundering assessment implementation rules, and improved the inspection and accountability mechanism[165](index=165&type=chunk) - Actively promoted anti-money laundering compliance culture building, strengthened anti-money laundering publicity and training, and established a professional anti-money laundering team[165](index=165&type=chunk) - Actively promoted the construction and upgrade of anti-money laundering information systems, effectively improving money laundering and terrorist financing risk management levels[165](index=165&type=chunk) [(7) Large Exposure Risk](index=46&type=section&id=（七）大额风险暴露) As of the end of June 2025, all of the Bank's large exposure risk indicators met regulatory requirements. The maximum non-interbank single customer exposure accounted for **6.80%** of net Tier 1 capital, and the maximum non-interbank group customer exposure accounted for **11.50%** of net Tier 1 capital, both below regulatory limits - The Bank incorporates its large exposure risk management mechanism into its comprehensive risk management framework, achieving effective control of customer concentration risk through dynamic monitoring of risk exposures, regular regulatory reporting, and concentration control measures[166](index=166&type=chunk) - As of the end of June 2025, all of the Bank's large exposure risk indicators met regulatory requirements[167](index=167&type=chunk) - The maximum non-interbank single customer risk exposure accounted for **6.80%** of net Tier 1 capital, meeting the management indicator requirement of less than **15%**[167](index=167&type=chunk) - The maximum non-interbank group or economically dependent customer risk exposure accounted for **11.50%** of net Tier 1 capital, meeting the management indicator requirement of less than **20%**[167](index=167&type=chunk) [13. Capital Management](index=47&type=section&id=十三、资本管理) The Bank's capital management adheres to principles of capital adequacy, optimized allocation, and refined management, ensuring compliance with regulatory requirements and supporting business development. As of the end of June 2025, the Bank's Common Equity Tier 1 capital adequacy ratio was **10.58%**, Tier 1 capital adequacy ratio was **12.09%**, and total capital adequacy ratio was **13.78%**, all meeting regulatory requirements. The leverage ratio was **7.27%**, exceeding the National Financial Regulatory Administration's regulatory requirement [(1) Capital Adequacy Ratio](index=47&type=section&id=（一）资本充足率情况) As of the end of June 2025, the Bank's Common Equity Tier 1 capital adequacy ratio was **10.58%**, Tier 1 capital adequacy ratio was **12.09%**, and total capital adequacy ratio was **13.78%**, all meeting regulatory requirements. Total risk-weighted assets amounted to **RMB 330.657 billion** Capital Adequacy Ratio (Unit: RMB thousand) | Item | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Net Common Equity Tier 1 Capital | 34,969,358 | 34,269,354 | | Net Tier 1 Capital | 39,968,675 | 39,289,612 | | Net Total Capital | 45,556,181 | 44,735,496 | | Total Risk-Weighted Assets | 330,657,445 | 320,364,880 | | Common Equity Tier 1 Capital Adequacy Ratio | 10.58% | 10.70% | | Tier 1 Capital Adequacy Ratio | 12.09% | 12.26% | | Capital Adequacy Ratio | 13.78% | 13.96% | [(2) Leverage Ratio](index=48&type=section&id=（二）杠杆率情况) At the end of the reporting period, the Bank's leverage ratio was **7.27%**, exceeding the National Financial Regulatory Administration's regulatory requirement Leverage Ratio (Unit: RMB thousand) | No. | Item | June 30, 2025 | March 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | | :--- | :--- | :--- | :--- | :--- | :--- | | 1 | Net Tier 1 Capital | 39,968,675 | 39,227,698 | 39,289,612 | 39,458,365 | | 2 | Adjusted On- and Off-Balance Sheet Assets | 549,836,198 | 569,145,896 | 524,556,283 | 502,718,994 | | 3 | Leverage Ratio | 7.27% | 6.89% | 7.49% | 7.85% | [14. Institutional Development](index=48&type=section&id=十四、机构建设情况) As of June 30, 2025, the Bank's head office and branches collectively had **343** outlets, **5,395** employees, and total assets of **RMB 492.199 billion**. Its subsidiaries collectively had **40** outlets, **476** employees, and total assets of **RMB 14.243 billion** Basic Information of the Bank's Head Office and Branches (Unit: RMB thousand) | Institution Name | Number of Outlets | Number of Employees | Asset Scale | | :--- | :--- | :--- | :--- | | Head Office | - | 854 | 296,285,160 | | Head Office Business Department | 1 | 12 | 8,278,680 | | Shinan Branch | 8 | 124 | 13,766,944 | | Shibei Branch | 7 | 112 | 12,041,712 | | ... | ... | ... | ... | | Total | 343 | 5,395 | 492,198,695 | Basic Information of the Bank's Subsidiaries (Unit: RMB thousand) | Subsidiary Name | Number of Outlets | Number of Employees | Asset Scale | | :--- | :--- | :--- | :--- | | Shenzhen Luohu Lan Hai Rural Bank | 1 | 49 | 1,630,670 | | Dexing Lan Hai Rural Bank | 3 | 37 | 995,098 | | ... | ... | ... | ... | | Total | 40 | 476 | 14,242,935 | [15. Company's Future Development Outlook](index=50&type=section&id=十五、公司未来发展的展望) The Bank will be guided by high-quality Party building to drive high-quality development, firmly pursuing a differentiated development path, focusing on the "five key areas" strategic deployment, and continuously enhancing its ability to serve the real economy. Concurrently, it will adhere to risk-based and compliance-first principles, solidify risk bottom lines, strengthen cultural immersion, and enhance team cohesion to contribute to building a strong financial nation - Drive high-quality development with high-quality Party building, establishing the new era rural commercial bank values of "serving the nation through finance, serving the people through finance"[176](index=176&type=chunk) - Shoulder the responsibility of a local legal entity bank, firmly pursuing a differentiated development path, focusing on building a new high ground for modern marine economic development, boosting consumption, and the "five key areas" strategic deployment[177](index=177&type=chunk) - Adhere to risk-based and compliance-first principles, solidify risk bottom lines and compliance defenses, improve a unified risk policy covering all businesses and processes, and optimize the enterprise-level risk control decision engine[178](index=178&type=chunk) - Strengthen cultural immersion and enhance team cohesion, improving a full-chain system for "selection, cultivation, utilization, retention, and management" to build a high-quality talent team[179](index=179&type=chunk) [16. Investor Relations Activities During the Reporting Period](index=51&type=section&id=十六、报告期内接待调研、沟通、采访等活动) During the reporting period, the Bank hosted multiple on-site research visits by institutional investors, with relevant activity records disclosed on Juchao Information Network - From January to June 2025, the Bank hosted multiple on-site research visits by institutional investors; specific details can be found in the "Investor Relations Activity Record Form" on Juchao Information Network[180](index=180&type=chunk) [Part IV Corporate Governance, Environment, and Society](index=52&type=section&id=第四节%20公司治理、环境和社会) [1. Changes in Directors, Supervisors, and Senior Management](index=52&type=section&id=一、公司董事、监事、高级管理人员变动情况) During the reporting period, Liu Bingbing and Li Qingxiang resigned as non-executive directors due to term limits and work reasons, respectively, and Wang Qingjin resigned as an external supervisor due to work reasons Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Liu Bingbing | Non-executive Director | Resignation | June 4, 2025 | In accordance with relevant regulations on tenure for key banking personnel | | Li Qingxiang | Non-executive Director | Resignation | June 4, 2025 | Work reasons | | Wang Qingjin | External Supervisor | Resignation | August 1, 2025 | Work reasons | [2. Profit Distribution and Capital Reserve Conversion to Share Capital for the Reporting Period](index=52&type=section&id=二、本报告期利润分配及资本公积金转增股本情况) The Bank plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the 2025 semi-annual period - The Bank plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the 2025 semi-annual period[183](index=183&type=chunk) [3. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=52&type=section&id=三、公司股权激励计划、员工持股计划或其他员工激励措施的实施情况) The Bank had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period - The Bank had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period[184](index=184&type=chunk) [4. Environmental Information Disclosure](index=52&type=section&id=四、环境信息披露情况) The Bank and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law - The Bank and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law[185](index=185&type=chunk) [5. Social Responsibility](index=52&type=section&id=五、社会责任情况) The Bank actively fulfills its social responsibilities, precisely matching new agricultural business entities, with loans to such entities reaching **RMB 3.665 billion** as of the end of June 2025. It strengthened financial services in key areas of rural revitalization, with grain-related loans reaching **RMB 3.095 billion**. It innovated characteristic financial products to assist rural revitalization, lowered entry barriers to address collateral difficulties, and consolidated poverty alleviation achievements. It built a "Government-Bank Interconnection e-Station" service system, serving over **7 million** county residents - As of the end of June 2025, loans to new agricultural business entities totaled **2,786** households and **RMB 3.665 billion**, an increase of **RMB 234 million** from the end of last year[186](index=186&type=chunk) - As of the end of June 2025, the Bank's grain-related key area loan balance was **RMB 3.095 billion**, an increase of **RMB 1.451 billion** from the end of last year[187](index=187&type=chunk) - The Bank, in collaboration with Qingdao Municipal Agriculture and Rural Affairs Bureau, innovated rural asset collateral methods, launching new products such as rural property rights transaction certification loans[188](index=188&type=chunk) - Continuously optimized the "Agricultural Guarantee Loan" product model, with a loan balance of **RMB 1.301 billion**, accounting for **71%** of Qingdao's outstanding guaranteed balance[189](index=189&type=chunk) - As of the end of June 2025, the Bank provided credit support to **45** provincial and municipal registered impoverished households with a balance of **RMB 8.0901 million**; and supported **117** national registered impoverished households with a balance of **RMB 45.2959 million**[190](index=190&type=chunk) - Built a "Government-Bank Interconnection e-Station" service system integrating "finance + government affairs + convenience," serving over **7 million** county residents[190](index=190&type=chunk) [Part V Significant Events](index=54&type=section&id=第五节%20重要事项) [1. Commitments Fulfilled During the Reporting Period and Overdue Unfulfilled Commitments by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and the Company](index=54&type=section&id=一、公司实际控制人、股东、关联方、收购人以及公司等承诺相关方在报告期内履行完毕及截至报告期末超期未履行完毕的承诺事项) During the reporting period, there were no overdue unfulfilled commitments by any commitment-related parties - During the reporting period, there were no commitments by the Bank's actual controller, shareholders, related parties, acquirers, and the Bank that were fulfilled or overdue and unfulfilled as of the end of the reporting period[193](index=193&type=chunk) [2. Non-Operating Fund Occupation by Controlling Shareholders and Other Related Parties of the Listed Company](index=54&type=section&id=二、控股股东及其他关联方对上市公司的非经营性占用资金情况) During the reporting period, there was no non-operating fund occupation by controlling shareholders and other related parties of the Bank - During the reporting period, there was no non-operating fund occupation by controlling shareholders and other related parties of the Bank[194](index=194&type=chunk) [3. Irregular External Guarantees](index=54&type=section&id=三、违规对外担保情况) During the reporting period, the Bank had no irregular external guarantees - During the reporting period, the Bank had no irregular external guarantees[195](index=195&type=chunk) [4. Appointment and Dismissal of Accounting Firms](index=54&type=section&id=四、聘任、解聘会计师事务所情况) The Bank's semi-annual report is unaudited - The Bank's semi-annual report is unaudited[196](index=196&type=chunk) [5. Board of Directors' and Supervisory Board's Explanations on the Accounting Firm's "Non-Standard Audit Report" for the Reporting Period](index=54&type=section&id=五、董事会、监事会对会计师事务所本报告期%22非标准审计报告%22的说明) No

青岛农村商业银行股份有限公司 审阅报告及财务报表 （2025 年 1 月 1 日至 2025 年 6 月 30 日止） | 目录 | 页次 | | | --- | --- | --- | | 审阅报告 | 1-2 | 一、 | | 财务报表 | 二、 | | | 合并资产负债表和母公司资产负债表 | 1-2 | | | 合并利润表和母公司利润表 | 3-4 | | | 合并现金流量表和母公司现金流量表 | 5-6 | | | 合并股东权益变动表和母公司股东权益变动表 | 7-10 | | | 财务报表附注 | 1-138 | | | 财务报表补充资料 | 1-4 | | 审阅报告 信会师报字[2025]第 ZA14864 号 青岛农村商业银行股份有限公司全体股东： 我们审阅了后附的青岛农村商业银行股份有限公司（以下简称 "青岛农商银行"）的中期财务报表，包括 2025 年 6 月 30 日的合并及 母公司资产负债表，截至 2025 年 6 月 30 日止六个月期间的合并及母 公司利润表、合并及母公司现金流量表、合并及母公司所有者权益变 动表以及中期财务报表附注。按照企业会计准则的规定编制中期财务 报表是青岛农 ...

青岛农村商业银行股份有限公司 2025年上半年 注:青岛农村商业银行股份有限公司(以下简称"本行")作为上市的商业银行,经营范围包括贷款和资金业务。本行向关联方发放的贷款及进行的资金业务,严 格按照中国人民银行的规定开展,不属于一般意义上的关联方占用上市公司资金范畴。有关本行与主要股东及其他关联方的重大交易以及经营性资金往来、已在 本行 2025年半年度财务报告中披露,未在本表中列示。 汇总表第1页 单位:千元 2025年上半年占用 2025年上半年占 2025年上半年 占用方与上市公 上市公司核算 2025年期初占用 金占用方 2025年6月末 占用形成 用资金的利息(如 偿还累计发生 非经营 累计发生金额 占用性质 的会计科目 司的关联关系 名称 资金余额 占用资金余额 原因 (不含利息) 金额 有) 控股股东、 无 无 无 无 无 无 无 元 无 及其附属企业 小计 无 无 无 无 无 无 无 无 无 无 前控股股东、实际控制 无 无 无 无 无 无 无 无 无 无 人及其附属企业 无 无 无 无 小计 无 无 无 元 无 无 其他关联方及其附属企 无 无 无 无 无 无 元 无 无 无 > 无 无 无 ...