Core Viewpoint - The report highlights that despite a slight decline in credit demand in the real economy, the bank is focusing on enhancing its credit project reserves and supporting key national strategies and sectors [1][3]. Group 1: Financial Performance - In the first half of 2025, the bank achieved a net profit attributable to shareholders of 46.016 billion yuan, a year-on-year increase of 1.61% [1]. - The total assets of the group reached 15.44 trillion yuan, growing by 3.59% compared to the end of the previous year [1]. - The non-performing loan (NPL) ratio stood at 1.28%, a decrease of 0.03 percentage points from the end of the previous year [1][2]. Group 2: Credit Growth and Focus Areas - The total customer loan balance reached 9 trillion yuan, an increase of 443.4 billion yuan, with a growth rate of 5.18% year-on-year [2][3]. - The bank is increasing support for major national strategies and key sectors, with loans in the Yangtze River Delta, Guangdong-Hong Kong-Macau, and Beijing-Tianjin-Hebei regions growing by 5.57% [2]. - Personal consumption loans increased by 18.06%, indicating a strong focus on consumer finance [2]. Group 3: Risk Management and Asset Quality - The bank's NPL ratio improved, but early warning indicators such as the attention loan ratio and overdue loan ratio have slightly increased [5][6]. - The bank disposed of 37.83 billion yuan in NPLs, a year-on-year increase of 27.9%, with significant recoveries from large projects [6]. - The bank is enhancing risk management by optimizing monitoring and collection processes, particularly for overdue loans [7]. Group 4: Interest Margin and Deposit Management - The net interest margin for the bank was 1.21%, showing a decline due to falling asset yields [8][9]. - The bank's deposits grew by 371 billion yuan, with a year-on-year increase of 271 billion yuan, primarily in time deposits [10]. - To manage deposit costs, the bank plans to enhance customer engagement through various services and reduce high-cost deposits [10].

Core Viewpoint - The establishment of the Digital Operations Center by Bank of Communications is a significant reform aimed at enhancing the bank's retail business capabilities through digital empowerment and centralized management [1][3]. Group 1: Digital Operations Center Functions - The Digital Operations Center aims to strengthen direct operations, creating a new growth engine by enhancing online direct management of retail credit business, resulting in a 153% year-on-year net increase in online consumer loan balances in the first half of the year [3]. - It focuses on shared foundational capabilities to accelerate the integration of online and offline development, implementing a marketing model of "online reach, offline follow-up," which led to a net increase of 9.5 billion yuan in personal operating loans [4]. - The center also emphasizes centralized operations, utilizing digital technologies to manage retail asset risks and improve operational efficiency, with the quality of centralized operations showing steady improvement [4]. Group 2: Financial Performance - As of June 30, the total customer loan balance of Bank of Communications reached 9 trillion yuan, an increase of approximately 443.4 billion yuan, reflecting a growth rate of 5.18% [6]. - The bank's net interest margin for the first half of the year was 1.21%, with expectations of further downward pressure, although future conditions may stabilize margins [6]. - The bank's total assets reached 15.44 trillion yuan, a growth of 3.59% compared to the previous year, with operating income of 133.368 billion yuan and net profit attributable to shareholders of 46.016 billion yuan, representing year-on-year growth of 0.77% and 1.61%, respectively [6].

若在权益分派股权登记日前公司总股本发生变动，将保持现金分红总额不变，按最新股本调整每股派息 金额，具体调整安排将另行公告。本次利润分配方案符合公司章程及监管规定，已获董事会全票通过， 尚需提交股东大会审议。 经济观察网 交通银行于8月29日董事会审议通过2025年半年度利润分配方案，拟向全体股东每10股派发 现金股利人民币1.563元（含税）。以截至2025年6月30日总股本883.64亿股为基准，预计派现总额约 138.11亿元，约占归属于母公司普通股股东净利润的31.2%。 ...

Core Viewpoint - The Bank of Communications reported a resilient performance in the first half of 2025, with revenue and net profit showing slight year-on-year growth, while maintaining a stable asset quality and focusing on risk management and support for the real economy [2][3]. Financial Performance - In the first half of 2025, the Bank of Communications achieved revenue of 133.368 billion yuan and a net profit attributable to shareholders of 46.016 billion yuan, representing year-on-year growth of 0.77% and 1.61% respectively [2]. - As of the end of June, the bank's total assets reached 15.44 trillion yuan, with a non-performing loan (NPL) ratio of 1.28%, a decrease of 0.03 percentage points from the end of the previous year [2]. Loan Growth and Strategy - The bank's loan balance approached 9 trillion yuan by the end of June, increasing by 443.4 billion yuan (5.18%) compared to the end of 2024, with a year-on-year increase of 132.7 billion yuan [3]. - The growth in corporate loans was particularly strong, with an increase of 118.8 billion yuan year-on-year, focusing on key sectors such as manufacturing, small and micro enterprises, and private businesses [3]. Credit Demand and Interest Margin - Credit demand weakened in the second quarter compared to the first quarter, leading to a slowdown in corporate loan growth [4]. - The bank expects the decline in interest margins to gradually narrow, as the reduction in deposit rates will positively impact the stability of interest margins over time [4]. Asset Quality Management - The bank has intensified efforts to recover and manage non-performing loans, with a total of 37.8 billion yuan in non-performing loans disposed of in the first half of the year, a year-on-year increase of 27.9% [5]. - The bank is particularly focused on managing asset quality in the real estate sector, retail, and small business loans, with plans to enhance risk management through digital and AI technologies [5]. Wealth Management and Investment Products - Following the reduction in deposit rates in May, there has been a noticeable shift of funds back into wealth management products, with the bank's wealth management product sales reaching 151.692 billion yuan in June, a month-on-month increase of 1.73% [6]. - The bank plans to enhance its wealth management offerings by diversifying product categories, improving customer coverage, and strengthening asset allocation capabilities [6].

Core Viewpoint - Bank of Communications reported a slight increase in both net profit and operating income for the first half of 2025, indicating stable financial performance despite challenges in certain business segments [2][3]. Financial Performance - The bank achieved a net profit attributable to shareholders of 46.016 billion yuan, a year-on-year increase of 1.61% [2][3]. - Operating income reached 133.368 billion yuan, reflecting a growth of 0.77% compared to the previous year [2][3]. - The bank proposed a cash dividend of 1.563 yuan per share, totaling 13.811 billion yuan, which represents 30.0% of the net profit [2]. Revenue Composition - Net interest income amounted to 85.247 billion yuan, up 1.20% year-on-year, accounting for 63.92% of total operating income [3]. - Net fee and commission income was 20.458 billion yuan, a decrease of 5.42 billion yuan, or 2.58% year-on-year, with declines in investment banking, custodial services, payment settlements, and credit card business [3]. Loan and Asset Growth - As of the end of June, total assets reached 15.44 trillion yuan, a 3.59% increase from the end of the previous year [4]. - Customer loan balance was 9.00 trillion yuan, up 5.18%, while customer deposit balance increased by 4.22% to 9.17 trillion yuan [4]. - Personal consumption loans grew by 16.82% year-on-year, indicating strong demand in this segment [5]. Asset Quality - The non-performing loan (NPL) ratio stood at 1.28%, a slight decrease of 0.03 percentage points from the end of the previous year [6]. - The coverage ratio for provisions increased to 209.56%, up 7.62 percentage points [6]. - The NPL ratio for personal loans rose to 1.34%, an increase of 0.26 percentage points, with notable increases in housing and credit card loans [6]. NPL Management - The bank disposed of 37.8 billion yuan in non-performing loans during the first half of the year, a year-on-year increase of 27.9% [7]. - The bank's management expects key indicators such as NPL and overdue loan ratios to remain stable by the end of the year [7].

Core Viewpoint - The report indicates a modest growth in revenue and profit for the Bank of Communications, reflecting stable financial performance in the first half of 2025 [1] Financial Performance - The bank achieved a revenue of 133.68 billion yuan, representing a year-on-year increase of 0.77% [1] - The net profit attributable to shareholders was 46.016 billion yuan, up by 1.61% year-on-year [1] - The non-recurring net profit was 45.902 billion yuan, showing a year-on-year growth of 1.75% [1] - Basic earnings per share stood at 0.59 yuan [1] Loan and Deposit Growth - The total customer loan balance reached 9 trillion yuan, an increase of 443.77 billion yuan from the end of the previous year, marking a growth rate of 5.18% [1] - Customer deposit balance was 9.17 trillion yuan, up by 371.02 billion yuan from the end of the previous year, with a growth rate of 4.22% [1] Asset Quality - The non-performing loan ratio was 1.28%, a decrease of 0.03 percentage points from the end of the previous year [1] - The provision coverage ratio improved to 209.56%, an increase of 7.62 percentage points from the end of the previous year [1]

报告期末，集团不良贷款率1.28%，较上年末下降0.03个百分点;拨备覆盖率209.56%，较上年末上升7.62 个百分点。 智通财经APP讯，交通银行(601328.SH)披露2025年半年度报告，报告期实现营收1333.68亿元，同比增 长0.77%;归母净利润460.16亿元，同比增长1.61%;扣非净利润459.02亿元，同比增长1.75%;基本每股收 益0.59元。拟每10股派发现金股利人民币1.563元(含税)。 报告期末，集团客户贷款余额9.00万亿元，较上年末增加4,433.77亿元，增幅5.18%;客户存款余额9.17万 亿元，较上年末增加3,710.23亿元，增幅4.22%。 ...

Core Viewpoint - The Bank of Communications (BoCom) reported a steady performance in the first half of 2025, achieving a net profit of 46.016 billion yuan, a year-on-year increase of 1.61%, and demonstrating strong operational capabilities and strategic execution [1] Financial Performance - BoCom's net operating income for the first half of the year was 133.498 billion yuan, reflecting a year-on-year growth of 0.72% [2] - The net interest income reached 85.247 billion yuan, up 1.20% year-on-year, indicating improvements in the asset-liability structure [2] Asset Quality and Risk Management - The non-performing loan (NPL) ratio stood at 1.28%, a decrease of 0.03 percentage points from the end of the previous year, with a provision coverage ratio of 209.56%, an increase of 7.62 percentage points [3] - The bank disposed of 37.83 billion yuan in non-performing loans, a year-on-year increase of 27.9%, with substantial recoveries of 20.37 billion yuan, up 54.3% [3] Strategic Initiatives - BoCom is actively implementing the "Five Major Articles" strategy, achieving significant progress in technology finance, green finance, inclusive finance, pension finance, and digital finance [4] - The bank's loan growth in Shanghai was 10.88%, with an increase in market share by 0.24 percentage points, showcasing its competitive advantage in cross-border finance and offshore business [4] Digital Transformation - The bank has made notable advancements in digital transformation, with technology investments increasing as a proportion of revenue [5] - The establishment of the "Digital Operation Center" is a key initiative for enhancing retail transformation, leading to a 153% year-on-year growth in consumer loan balances [5] Outlook - The bank aims to stabilize net interest margins through customer expansion, structural optimization, and refined pricing management [6] - BoCom plans to continue focusing on the "Five Major Articles," Shanghai's strategic development, and digital transformation to enhance customer base and optimize business structure [6] Capital Strength - In June, BoCom completed a targeted issuance of 120 billion yuan, further strengthening its capital position [7] - The bank intends to maintain a dividend payout ratio of no less than 30%, actively returning value to shareholders [7]

Core Viewpoint - The report highlights the financial performance and strategic direction of Bank of Communications, emphasizing its commitment to supporting the real economy and enhancing financial services through digital transformation and targeted financial products [2][3]. Financial Performance - As of June 2025, the total assets of Bank of Communications reached 15.44 trillion yuan, an increase of 3.59% compared to the end of the previous year [2]. - The bank achieved an operating income of 133.368 billion yuan and a net profit of 46.016 billion yuan in the first half of the year, representing year-on-year growth of 0.77% and 1.61%, respectively [2]. - The customer loan balance reached 9 trillion yuan, growing by 5.18% from the end of the previous year [2]. Strategic Focus - The bank's president outlined five key strategic directions: 1. Implementing the central financial work conference's directives, focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance [3]. 2. Leveraging its Shanghai headquarters to enhance technology finance capabilities and support the construction of five centers in Shanghai [3]. 3. Deepening digital transformation and embedding financial services into digital scenarios [3]. 4. Enhancing customer base through a "strong, stable, large, and expanding small" strategy [3]. 5. Strengthening risk management and compliance to adapt to external uncertainties [3]. Digital Transformation - The establishment of a digital operation center aims to create a smart-driven financial business operation system, enhancing collaboration between online and offline services [2]. - By the end of June, the bank's loans to core industries in the digital economy exceeded 286 billion yuan, with internet loans increasing by 8.52% compared to the previous year [2]. Dividend Policy - In the first half of 2025, the bank distributed a cash dividend of 1.563 yuan per 10 shares (including tax), totaling 13.81 billion yuan, which accounts for 31.2% of the net profit attributable to shareholders [4]. - The bank has maintained a dividend payout ratio exceeding 30% for 14 consecutive years, indicating a commitment to stable and predictable returns for shareholders [4].

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 海外監管公告 交通银行股份有限公司独立董事提名人声明 提名人交通银行股份有限公司董事会，现提名刘瑞霞为交通银行股份有限公 司第十一届董事会独立董事候选人，并已充分了解被提名人职业、学历、职称、 详细的工作经历、全部兼职、有无重大失信等不良记录等情况。被提名人已同意 出任交通银行股份有限公司第十一届董事会独立董事候选人（参见该独立董事候 选人声明）。 提名人认为，被提名人具备独立董事任职资格，与交通银行股份有限公司之 间不存在任何影响其独立性的关系，具体声明并承诺如下： 一、被提名人具备上市公司运作的基本知识，熟悉相关法律、行政法规、规 章及其他规范性文件，具有 5 年以上法律、经济、会计、财务、管理或者其他履 行独立董事职责所必需的工作经验。 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。 茲載列交通銀行股份有 ...