Core Viewpoint - Bohai Bank's "Bohai Treasury" service system has won the "Excellent Bank for Treasury Construction in China" award, highlighting its innovative product design, technological application, and service effectiveness [1][2]. Group 1: Service System Overview - The "Bohai Treasury" service system is a key component of Bohai Bank's digital transformation in transaction banking, facilitating the shift from traditional treasury management to a modern, intelligent approach [2][4]. - The service is built on the Tianjin State-owned Assets Supervision and Administration Commission's "11+4" functional framework, featuring seven intelligent core platforms that provide comprehensive treasury management solutions [4][5]. Group 2: Technological Integration - The system integrates advanced technologies such as big data and artificial intelligence, creating a comprehensive service framework that includes fund management, investment and financing services, intelligent scheduling, risk prevention, and data analysis [5][6]. - The "Bohai Treasury" service has successfully served dozens of enterprise groups and hundreds of member units, achieving a coverage rate of 34% among Tianjin's state-owned enterprises [5]. Group 3: Future Development - Bohai Bank aims to continuously upgrade the "Bohai Treasury" product features, explore data value, and expand service scenarios to provide smarter, more efficient, and safer treasury management solutions for a broader range of enterprise clients [6].

Core Insights - The article highlights the increasing importance of bill financing in supporting private enterprises, particularly in the context of digitalization and innovative financial products [1][5] - Bohai Bank has positioned its bill business as a crucial link between finance and industry, achieving significant growth in bill acceptance and discounting services [1][2] Group 1: Business Growth and Innovation - As of August 2025, Bohai Bank's bank acceptance bill issuance exceeded 280 billion yuan, with bill discounting business reaching nearly 80 billion yuan, injecting substantial financial resources into the real economy [1] - Since becoming a pilot financial institution at the Shanghai Bill Exchange in 2022, Bohai Bank launched a new generation bill service platform, offering a comprehensive online service covering all stages from signing to discounting [2][5] - The introduction of the "Bohai Silver Instant Discount" product in 2024 enabled automatic review of trade backgrounds and instant fund disbursement, with over 2 billion yuan already disbursed to major enterprises in various industries [3] Group 2: Technological Integration and Customer Service - Bohai Bank has developed a "Bill Map" that integrates diverse data to provide clear customer profiles and precise analysis of customer needs, enhancing the ability to reach a broader range of clients [4] - The bank has introduced a comprehensive service solution combining accounts receivable pledge invoicing and discounting, effectively reducing financial costs for leading enterprises in the new energy vehicle sector [4] - Since 2022, the new bill service platform has addressed multiple pain points for enterprises, serving over 10,000 signed companies and embodying the principle of "data doing the running, customers doing less" [5]

Core Viewpoint - Bohai Bank is one of the few national joint-stock banks that achieved both revenue and net profit growth amid widespread operational pressures in the banking sector [1] Financial Performance - For the first half of 2025, Bohai Bank reported operating revenue of 14.215 billion RMB, a year-on-year increase of 8.14%, and net profit of 3.830 billion RMB, up 3.61% [2][3] - The bank's net interest income continued to decline, reaching 8.046 billion RMB, a decrease of 0.43% year-on-year, primarily due to adjustments in high-yield asset allocation [2][3] Business Segment Analysis - The bank's corporate financial business is experiencing weak growth, with revenue from this segment at 8.105 billion RMB, only a 0.93% increase year-on-year, and a pre-tax profit of 3.74 billion RMB, growing just 0.08% [4][6] - The retail business showed signs of improvement, with a pre-tax loss of 348 million RMB, significantly reduced from a loss of 709 million RMB in the same period last year [7] Financial Market Business - The financial market business was a key driver of overall performance, achieving revenue of 4.193 billion RMB, a substantial increase of 73.7% year-on-year, largely due to a 63.16% rise in financial investment income to 4.836 billion RMB [6] - Despite the revenue growth, the operating profit for the financial market segment was only 1.787 billion RMB, a slight decrease of 0.06% year-on-year, indicating a "revenue growth without profit growth" scenario due to rising costs [6] Risk Management and Strategic Adjustments - The bank has been reducing personal consumer loan sizes to manage risks from previous aggressive expansions, with consumer loan balances down 9.29% year-to-date [4] - Bohai Bank is focusing on transforming its corporate financial business by emphasizing three service models: "industry bank, professional bank, and ecological bank," targeting key industries such as new energy and biomedicine [4][6] Future Outlook - The bank's ability to optimize its business structure and enhance profitability while maintaining risk control will be crucial for its long-term investment value [7]

Financial Performance - Operating revenue for the first half of 2025 reached RMB 14,215,018, an increase of 8.14% compared to RMB 13,144,941 in the same period of 2024[13] - Pre-tax profit rose to RMB 4,578,499, reflecting an 11.28% increase from RMB 4,114,362 year-on-year[13] - Net profit for the first half of 2025 was RMB 3,830,435, up 3.61% from RMB 3,697,109 in the previous year[13] - Basic earnings per share attributable to ordinary shareholders increased to RMB 0.22, a rise of 4.76% compared to RMB 0.21 in the first half of 2024[13] - For the first half of 2025, the group achieved operating income of RMB 14.22 billion, an increase of RMB 1.07 billion or 8.14% year-on-year, and net profit of RMB 3.83 billion, an increase of RMB 0.13 billion or 3.61% year-on-year[27][28] Asset and Liability Management - Total assets as of June 30, 2025, amounted to RMB 1,823,802,110, a decrease of 1.09% from RMB 1,843,842,128 at the end of 2024[13] - Total liabilities decreased to RMB 1,710,486,435, down 1.34% from RMB 1,733,717,300 at the end of 2024[13] - Total equity increased to RMB 113,315,675, reflecting a growth of 2.90% from RMB 110,124,828 at the end of 2024[13] - The total assets of the group amounted to CNY 1,823.80 billion, a decrease of CNY 20.04 billion or 1.09% compared to the end of the previous year[24] - The total amount of deposits absorbed by the company was ¥1,004.18 billion, a decline of 4.01% from ¥1,046.09 billion[72] Loan and Deposit Growth - Total loans and advances reached RMB 954,421,978, marking a 1.91% increase from RMB 936,490,691 at the end of 2024[13] - The balance of loans and advances was CNY 942.43 billion, with a net increase of CNY 17.07 billion, representing a growth of 1.84%[24] - The average balance of company deposits increased to RMB 592.74 billion in H1 2025, with an average cost rate of 2.02%, down from 2.40% in H1 2024[42] - The total amount of loans and advances issued was CNY 954.42 billion as of June 30, 2025, an increase from CNY 936.49 billion at the end of 2024, reflecting a growth of approximately 1.9%[90] Asset Quality and Risk Management - The non-performing loan ratio rose by 0.05 percentage points to 1.81% compared to the end of the previous year[16] - The provision coverage ratio increased by 4.51 percentage points to 159.70% compared to the end of the previous year[16] - The company maintained a stable asset quality with a provision coverage ratio of 159.70%[26] - The non-performing loan amount for mortgage loans was RMB 9.76 billion, with a ratio of 3.43% as of June 30, 2025[101] - The total overdue loans amounted to RMB 29.16 billion, representing 3.06% of total loans, an increase from RMB 26.15 billion and 2.79% at the end of the previous year[98] Income and Expense Management - Net interest income for the reporting period was RMB 8.05 billion, a decrease of 0.43% year-on-year[31] - Interest income from loans and advances was RMB 17.61 billion, a decrease of 13.47% year-on-year, primarily due to the implementation of national financial policies[37] - Interest expenses decreased to RMB 17.26 billion, down 14.05% year-on-year[40] - The company reported a total of RMB 26.29 billion in loan impairment provisions as of June 30, 2025, an increase from RMB 25.76 billion the previous year[106] - Non-interest net income rose to RMB 6.169 billion, reflecting a year-on-year growth of 21.81%[47] Strategic Focus and Development - The bank is focusing on supporting key sectors such as technological innovation, advanced manufacturing, and green development, with loan growth rates in these areas exceeding general loan growth rates[24] - The company’s focus on regional economic development included support for key areas such as the Beijing-Tianjin-Hebei region and the Guangdong-Hong Kong-Macau Greater Bay Area[111] - The bank aims to enhance its service efficiency to the real economy by focusing on key areas and optimizing organizational support[179] - The bank plans to deepen its business transformation and implement the "Nine Major Banks" transformation strategy[179] - The bank is accelerating its digital transformation to improve risk management precision and customer marketing personalization[179] Governance and Management Changes - The board consists of 13 members, including 2 executive directors and 6 independent non-executive directors[191] - The senior management team comprises 5 members, including the president and vice presidents[191] - Ms. Wang Aijian was elected as an independent non-executive director on June 28, 2024, and her qualification was approved on January 3, 2025[192] - Mr. Liu Junmin and Mr. Liu Lanbiao were also elected as independent non-executive directors on June 28, 2024, with their qualifications approved on January 6, 2025[192] - Mr. Zhu Ning resigned from his position as independent non-executive director effective January 3, 2025, due to other commitments[193]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 I. 法定/註冊股本變動 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 渤海銀行股份有限公司 呈交日期: 2025年9月3日 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09668 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 6,200,555,000 | RMB | | 1 | RMB | | 6,200,555,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 6,200,555,000 | RMB | | | 1 RMB | | 6,200,555,000 | | 2. 股份分 ...

Core Viewpoint - Bohai Bank reported its unaudited interim results for the six months ending June 30, 2025, showing a revenue of 14.215 billion yuan, a year-on-year increase of 8.14%, and a net profit of 3.830 billion yuan, up 3.61% year-on-year, indicating a stable growth trajectory in its financial performance [1] Financial Performance - For the first half of 2025, Bohai Bank achieved an operating income of 14.215 billion yuan, representing an 8.14% increase year-on-year [1] - The net profit for the same period was 3.830 billion yuan, reflecting a year-on-year growth of 3.61% [1] - The cost-to-income ratio improved to 32.17%, a decrease of 4.10 percentage points compared to the previous year [1] - As of June 30, 2025, the total assets reached 1.82 trillion yuan, while total liabilities stood at 1.71 trillion yuan [1] Technological Financial Empowerment - Bohai Bank has focused on technology finance as a key driver for new productivity, targeting sectors such as commercial aerospace, brain-computer interfaces, synthetic biology, AI, and humanoid robots [2] - The bank's loans to technology enterprises reached 71.252 billion yuan, a significant increase of 51.28% from the end of the previous year [2] - The issuance of 5 billion yuan in technology innovation bonds supports the bank's commitment to financing technology innovation, with a total of 31.47 billion yuan in bonds underwritten since the policy's introduction [2] Green Finance Initiatives - Bohai Bank is committed to green finance, with a focus on industries like AI, new information technology, renewable energy, new materials, and automotive sectors [2] - The balance of green loans reached 49.902 billion yuan, marking a 15.02% increase from the end of the previous year [2] - The bank's self-investment in green bonds amounted to 10.8 billion yuan, a 57% year-on-year increase, while Bohai Wealth Management invested 3.09 billion yuan in green bonds, up 224% year-on-year [2] Inclusive Finance Development - Bohai Bank has developed a comprehensive inclusive finance product system, focusing on small and micro enterprises [3] - As of June 30, 2025, the balance of inclusive loans was 56.430 billion yuan, a 2.1% increase from the previous year, with over 140,000 inclusive loan customers, a 9.65% increase [3] Pension Finance Services - The bank is enhancing its services in the third pillar of the national pension system, developing personal pension account products and optimizing the "Bohai E-Finance" pension product system [3] - Bohai Bank aims to create a unique pension ecosystem to meet diverse and high-quality modern pension needs in China [3] Digital Financial Transformation - Bohai Bank is advancing its digital transformation through AI, big data, and cloud computing, enhancing its IT infrastructure and developing a new generation of distributed core systems [4] - The bank is implementing an "AI Application Project" to create a collaborative algorithm system and has launched various digital services to improve financial service efficiency [4]

Core Viewpoint - Bohai Bank reported a steady growth in its financial performance for the first half of 2025, with a focus on high-quality development and risk management in a challenging economic environment [1][5]. Financial Performance - For the first half of 2025, Bohai Bank achieved operating income of 14.215 billion yuan, an increase of 8.14% year-on-year [1]. - The net profit for the same period was 3.830 billion yuan, reflecting a year-on-year growth of 3.61% [1]. - The cost-to-income ratio improved to 32.17%, down by 4.10 percentage points compared to the previous year [1]. - As of June 30, 2025, total assets reached 1.82 trillion yuan, while total liabilities stood at 1.71 trillion yuan [1][5]. Strategic Initiatives - Bohai Bank is committed to enhancing financial services to support the real economy, focusing on five key areas to drive high-quality development [2]. - The bank has significantly increased its technology-driven financial services, with loans to technology enterprises reaching 71.252 billion yuan, a growth of 51.28% from the previous year [2]. - Green loans amounted to 49.902 billion yuan, up 15.02% year-on-year, reflecting the bank's commitment to sustainable finance [3]. Risk Management - The bank has strengthened its risk management practices, achieving a provision coverage ratio of 159.70%, an increase of 4.51 percentage points since the beginning of the year [7]. - Capital adequacy ratios, including total capital, tier 1 capital, and core tier 1 capital, were reported at 11.24%, 9.31%, and 8.39%, respectively, indicating improved risk resilience [7]. Operational Efficiency - Bohai Bank has optimized its deposit product structure, resulting in a decrease in the RMB deposit interest rate to 2.03%, down 33 basis points year-on-year [6]. - The bank's operating expenses for the first half of 2025 were 4.839 billion yuan, a decrease of 3.57% compared to the previous year, contributing to enhanced efficiency [6].

Core Viewpoint - Bohai Bank reported a dual growth in operating income and net profit for the first half of 2025, with significant contributions from non-interest income, despite a slight decline in net interest income due to industry conditions and policy directions [2][3]. Financial Performance - As of June 30, 2025, Bohai Bank's total assets amounted to 1.82 trillion yuan, a decrease of 20.04 billion yuan or 1.09% from the end of the previous year; total liabilities were 1.71 trillion yuan, down 1.34% [2]. - The bank's operating income for the first half of 2025 reached 14.215 billion yuan, an increase of 8.14% year-on-year; net profit was 3.830 billion yuan, up 3.61% [2]. Revenue Structure - The growth in revenue was driven by a combination of interest and non-interest income, with non-interest income showing particularly strong performance. Non-interest income rose to 6.169 billion yuan, an increase of 1.1 billion yuan or 21.81% year-on-year, while net interest income slightly decreased to 8.046 billion yuan, down 0.43% [3]. Net Interest Margin and Asset-Liability Management - The net interest margin stabilized at a low level, recorded at 1.20%, up 0.04 percentage points year-on-year; the net interest yield was 1.32%, down 0.04 percentage points [4]. - The bank's interest expenses decreased from 11.2 billion yuan in the previous year to 10 billion yuan, a reduction of 10.34%, due to optimized deposit structure and declining market interest rates [4]. Asset Quality and Risk Management - The asset quality remained within a reasonable range, with a slight increase in the non-performing loan (NPL) ratio from 1.76% to 1.81%, while the NPL balance rose to 17.269 billion yuan, an increase of 789 million yuan [5]. - The bank's provision coverage ratio improved from 155.19% to 159.7%, indicating enhanced risk buffer capacity [5]. Capital Adequacy - As of June 30, 2025, the capital adequacy ratio, tier 1 capital adequacy ratio, and core tier 1 capital adequacy ratio were 11.24%, 9.31%, and 8.39%, respectively, all meeting regulatory requirements [6].

Core Insights - Bohai Bank reported growth in both operating income and net profit for the first half of 2025, with significant contributions from non-interest income, although net interest income slightly declined due to industry conditions and policy directions [1][2] Financial Performance - As of June 30, 2025, Bohai Bank's total assets were CNY 1.82 trillion, a decrease of CNY 200.40 billion or 1.09% from the end of the previous year; total liabilities were CNY 1.71 trillion, down 1.34% [2] - The bank's core profitability indicators showed positive growth, with operating income reaching CNY 14.215 billion, an increase of 8.14% year-on-year, and net profit of CNY 3.830 billion, up 3.61% [2] - Non-interest income grew significantly, rising from CNY 5.065 billion in the same period last year to CNY 6.169 billion, marking an increase of CNY 1.1 billion or 21.81% [2][3] Income Structure - The proportion of non-interest income in total operating income increased to 43.4%, up 4.5 percentage points from the previous year, driven by initiatives in supply chain ecosystems, intelligent treasury systems, and enhanced cross-border financial services [3] Net Interest Margin - The net interest margin for the first half of 2025 was 1.20%, up 0.04 percentage points year-on-year, while the net interest yield was 1.32%, down 0.04 percentage points [4] - The bank focused on optimizing its liability structure and reducing interest costs, with interest expenses decreasing from CNY 11.2 billion in the previous year to CNY 10 billion, a reduction of 10.34% [4] Asset Quality - Bohai Bank maintained a reasonable asset quality, with a slight increase in the non-performing loan (NPL) ratio from 1.76% at the end of the previous year to 1.81% [6] - The NPL balance rose to CNY 17.269 billion, an increase of CNY 789 million [6] Risk Management - The bank's provision coverage ratio improved from 155.19% at the end of the previous year to 159.7%, with loan impairment provisions reaching CNY 27.579 billion, an increase of CNY 2.005 billion [7] - Capital adequacy ratios remained robust, with total capital adequacy ratio at 11.24%, tier 1 capital ratio at 9.31%, and core tier 1 capital ratio at 8.39%, all meeting regulatory requirements [7]

Core Viewpoint - Bohai Bank reported a steady growth in its financial performance for the first half of 2025, with a focus on high-quality development and enhanced financial services to support the real economy [1][5]. Financial Performance - For the first half of 2025, Bohai Bank achieved an operating income of 14.215 billion yuan, a year-on-year increase of 8.14% - The net profit for the same period was 3.830 billion yuan, reflecting a year-on-year growth of 3.61% - The cost-to-income ratio improved to 32.17%, down by 4.10 percentage points compared to the previous year [1][5][8]. Asset and Liability Management - As of June 30, 2025, the total assets of Bohai Bank reached 1.8238 trillion yuan, while total liabilities stood at 1.7104 trillion yuan - The bank's loan and advance total was 954.422 billion yuan, with deposits amounting to 1.004185 trillion yuan [7][8]. Sector Focus and Strategic Initiatives - Bohai Bank emphasized its commitment to supporting key sectors such as technology innovation, advanced manufacturing, green development, and agriculture, with loan growth rates in these areas surpassing general loan growth [5][9]. - The bank has actively engaged in technology finance, with loans to technology enterprises reaching 71.252 billion yuan, a 51.28% increase from the previous year [2]. Green Finance and Sustainable Development - The green loan balance as of June 30, 2025, was 49.902 billion yuan, up 15.02% from the previous year - Bohai Bank invested 10.8 billion yuan in green bonds, marking a 57% increase year-on-year [3]. Digital Transformation - The bank is advancing its digital transformation through the implementation of AI, big data, and cloud computing technologies, enhancing its IT infrastructure and financial service capabilities [6]. Risk Management - As of June 30, 2025, the bank's non-performing asset disposal efforts led to a provision coverage ratio of 159.70%, an increase of 4.51 percentage points from the beginning of the year [9].