招商银行：上半年净利润749.3亿元人民币。 ...

Core Insights - The core viewpoint of the reports indicates a mixed performance for China Merchants Bank, with a slight decrease in operating net income but a marginal increase in net profit attributable to shareholders. Financial Performance - Operating net income for the first half of 2025 was 169.92 billion RMB, a year-on-year decrease of 1.73% [1] - Net profit attributable to shareholders reached 74.93 billion RMB, reflecting a year-on-year increase of 0.25% [1] - Basic earnings per share stood at 2.89 RMB [1] - Net interest income was 106.09 billion RMB, showing a year-on-year growth of 1.57% [1] - Non-interest income amounted to 63.84 billion RMB, which is a year-on-year decline of 6.77% [1] - Annualized return on average total assets (ROAA) was 1.21%, down by 0.11 percentage points year-on-year [1] - Annualized return on average equity (ROAE) was 13.85%, down by 1.59 percentage points year-on-year [1] Asset Quality - As of the end of the reporting period, the group's non-performing loan balance was 66.37 billion RMB, an increase of 0.76 billion RMB compared to the end of the previous year [2] - The non-performing loan ratio was 0.93%, a decrease of 0.02 percentage points from the end of the previous year [2] - Provision coverage ratio stood at 410.93%, down by 1.05 percentage points from the end of the previous year [2] - Loan provision ratio was 3.83%, a decrease of 0.09 percentage points compared to the end of the previous year [2]

Core Insights - The core viewpoint of the article is that China Merchants Bank (03968.HK) reported a decline in net operating income for the first half of 2025, while net profit showed a slight increase, indicating mixed financial performance amid a challenging economic environment [1] Financial Performance - The group achieved net operating income of 169.923 billion yuan, a year-on-year decrease of 1.73% [1] - The net profit attributable to shareholders was 74.930 billion yuan, reflecting a year-on-year increase of 0.25% [1] - Net interest income reached 106.085 billion yuan, marking a year-on-year growth of 1.57% [1] - Non-interest income totaled 63.838 billion yuan, which is a year-on-year decline of 6.77% [1] - The annualized return on average total assets (ROAA) was 1.21%, down 0.11 percentage points year-on-year [1] - The annualized return on average equity (ROAE) was 13.85%, down 1.59 percentage points year-on-year [1] Asset and Liability Overview - As of the reporting period, total assets amounted to 12,657.151 billion yuan, an increase of 4.16% compared to the end of the previous year [1] - Total loans and advances reached 7,116.616 billion yuan, up 3.31% from the end of the previous year [1] - Total liabilities were 11,360.291 billion yuan, reflecting a growth of 4.05% year-on-year [1] - Customer deposits totaled 9,422.379 billion yuan, an increase of 3.58% compared to the end of the previous year [1] Loan Quality Metrics - The balance of non-performing loans was 66.370 billion yuan, an increase of 0.760 billion yuan compared to the end of the previous year [1] - The non-performing loan ratio stood at 0.93%, a decrease of 0.02 percentage points year-on-year [1] - The provision coverage ratio was 410.93%, down 1.05 percentage points from the end of the previous year [1] - The loan provision ratio was 3.83%, a decrease of 0.09 percentage points year-on-year [1]

实现净利息收入1,060.85亿元，同比增长1.57%;实现非利息净收入638.38亿元，同比下降6.77%;年化后归 属于本行股东的平均总资产收益率(ROAA)和年化后归属于本行普通股股东的平均净资产收益率(ROAE) 分别为1.21%和13.85%，同比分别下降0.11和1.59个百分点。 智通财经APP讯，招商银行(03968)发布2025年中期业绩，营业净收入1699.23亿元(人民币，下同)，同比 减少1.73%;归母净利润749.3亿元，同比增加0.25%;每股基本盈利2.89元。 报告期内，实现净利息收入1,060.85亿元，同比增长1.57%;实现非利息净收入638.38亿元，同比下降 6.77%;年化后归属于本行股东的平均总资产收益率(ROAA)和年化后归属于本行普通股股东的平均净资 产收益率(ROAE)分别为1.21%和13.85%，同比分别下降0.11和1.59个百分点。 截至报告期末，集团不良贷款余额663.70亿元，较上年末增加7.60亿元;不良贷款率0.93%，较上年末下 降0.02个百分点;拨备覆盖率410.93%，较上年末下降1.05个百分点;贷款拨备率3.83%，较上年末下降 ...

Financial Performance - The unaudited interim results for China Merchants Bank for the six months ended June 30, 2025, have been announced[3]. - For the first half of 2025, the company's operating income was RMB 169,923 million, a decrease of 1.73% compared to RMB 172,922 million in the same period of 2024[19]. - The pre-tax profit for the first half of 2025 was RMB 88,906 million, down 0.82% from RMB 89,641 million in the previous year[19]. - The net profit attributable to shareholders was RMB 74,930 million, reflecting a slight increase of 0.25% from RMB 74,743 million in the same period last year[19]. - Total assets as of June 30, 2025, reached RMB 12,657,151 million, representing a growth of 4.16% from RMB 12,152,036 million at the end of 2024[19]. - The total amount of loans and advances increased by 3.31% to RMB 7,116,616 million compared to RMB 6,888,315 million at the end of 2024[19]. - The average return on total assets decreased to 1.21%, down 0.11 percentage points from 1.32% in the same period last year[21]. - The company achieved a net operating income of RMB 169.923 billion, a year-on-year decrease of 1.73%[28]. - Net profit attributable to shareholders was RMB 74.930 billion, an increase of 0.25% year-on-year[24]. - Total assets reached RMB 12,657.151 billion, growing by 4.16% compared to the end of the previous year[24]. Risk Management - The report includes a detailed description of major risks and the measures taken to address them, as outlined in the risk management section[9]. - The company maintained a provision coverage ratio of 410.93%, despite a decrease of 1.05 percentage points from the previous year[25]. - The company implemented strict asset risk classification to accurately reflect asset quality, ensuring robust risk management practices[79]. - The company will continue to monitor macroeconomic changes and enhance risk management strategies to maintain overall asset quality stability in the second half of the year[156]. Loan Quality and Non-Performing Loans - The non-performing loan ratio improved to 0.93%, down from 0.95% in the previous year[21]. - The non-performing loan balance was RMB 66.370 billion, with a non-performing loan ratio of 0.93%, a decrease of 0.02 percentage points year-on-year[25]. - The company maintained a stable loan quality with a total of RMB 66.37 billion in non-performing loans, representing 0.93% of total loans[80]. - The company reported a total of RMB 348,737 million in discounted bills, with a negligible NPL ratio of 0.00%[91]. - The total amount of non-performing loans was RMB 66,370 million, representing an increase from RMB 65,610 million at the end of 2024[88]. - The retail loan non-performing loan generation amount was RMB 10.730 billion, an increase of RMB 4.301 billion year-on-year, while credit card new non-performing loans decreased by RMB 0.260 billion year-on-year[155]. Capital Adequacy and Regulatory Compliance - The core tier 1 capital adequacy ratio, tier 1 capital adequacy ratio, and total capital adequacy ratio were 14.00%, 17.07%, and 18.56%, respectively, all showing a decline compared to the end of the previous year[103]. - The company maintained compliance with capital and leverage regulatory requirements throughout the reporting period[99]. - The company's net core Tier 1 capital was RMB 921,977 million, an increase of 0.84% from RMB 914,275 million at the end of the previous year[109]. - The risk-weighted assets (RWA) increased by 8.25% to RMB 6,669,094 million from RMB 6,160,977 million at the end of the previous year[106]. Customer Deposits and Loans - As of June 30, 2025, the total amount of customer deposits reached RMB 9,422.38 billion, an increase of 3.58% compared to the end of the previous year, accounting for 82.94% of total liabilities[74]. - The total amount of corporate loans reached CNY 2,798.72 billion, an increase of 8.04% compared to the end of the previous year, accounting for 41.41% of total loans and advances[183]. - The average balance of customer deposits increased to RMB 9.040248 trillion, with interest expenses of RMB 56.519 billion, resulting in a cost rate of 1.26%[41]. - The company aims to strengthen customer acquisition and optimize deposit structure to maintain stable and high-quality deposit growth[151]. Wealth Management and Investment - The company has a strong commitment to environmental, social, and governance (ESG) practices, as detailed in the report[4]. - The total assets of the group's wealth management products reached CNY 2.46 trillion, maintaining a leading position in the banking wealth management industry[124]. - Wealth management commission and fee income increased by 11.89% to RMB 12,797 million from RMB 11,437 million year-on-year[47]. - The number of wealth management clients reached 61.07 million, an increase of 4.90% compared to the end of the previous year[166]. Digital Transformation and Innovation - The company launched 386 new financial technology innovation projects during the reporting period, with a total of 4,796 projects initiated to date[129]. - The company processed 548,600 paperless reimbursement requests, improving efficiency by 54.05% compared to traditional paper reimbursement methods[134]. - The overall availability of the cloud platform exceeded 99.999% during the reporting period, enhancing resource efficiency[136]. - The company is actively participating in the construction of the data factor market and public data development, enhancing data asset management capabilities[136]. Corporate Social Responsibility - The company is committed to social responsibility by integrating resources to meet comprehensive needs of entrepreneur clients, including wealth management and charitable services[168]. - The company aims to strengthen support for key areas such as technology finance, green finance, and inclusive finance to promote high-quality financial development[154].

证券时报·数据宝统计显示，招商银行今日收盘价为42.98元，下跌0.05%，日换手率为0.40%，成交额为 35.30亿元，全天主力资金净流出1.96亿元，近5日该股累计下跌1.13%，近5日资金合计净流出11.20亿 元。 招商银行8月28日大宗交易平台出现一笔成交，成交量5.70万股，成交金额242.82万元，大宗交易成交价 为42.60元，相对今日收盘价折价0.88%。该笔交易的买方营业部为光大证券股份有限公司宁波柳汀街证 券营业部，卖方营业部为光大证券股份有限公司宁波柳汀街证券营业部。 进一步统计，近3个月内该股累计发生9笔大宗交易，合计成交金额为47.28亿元。 两融数据显示，该股最新融资余额为87.10亿元，近5日增加6.44亿元，增幅为7.98%。（数据宝） 8月28日招商银行大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 5.70 | 242.82 | 4 ...

| 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-08-28 | 招商银行 | 600036 | 242.82 42.6 | 5.7 | 光大证券股份有限 | 光大证券股份有限 | | | | | | | | 公司宁波柳汀街证 | 公司宁波柳汀街证 | | | | | | | | Jak stop 11 dary | Jald view 11 days | | 8月28日，招商银行大宗交易成交5.7万股，成交额242.82万元，占当日总成交额的0.07%，成交价42.6元，较市场收盘价42.98元折价0.88%。 ...

招商银行将按照市场化、法治化原则，优化办理流程，简化办理手续，加强资金合规使用，推动政策尽 快实施。具体办理渠道、操作指引等实施细则后续将通过招商银行官方网站、微信公众号等渠道发布， 敬请留意。 2025年8月27日，招商银行（600036）发布公告称，为贯彻落实党中央和国务院关于大力提振消费、全 方位扩大国内需求的决策部署，降低居民消费信贷成本，助力释放居民消费潜力，根据《关于印发<个 人消费贷款财政贴息政策实施方案>的通知》（财金〔2025〕80 号）精神及相关要求，招商银行正在依 法有序推进个人消费贷款贴息政策的组织实施工作。 ...

招商銀行股份有限公司 CHINA MERCHANTS BANK CO., LTD. （於中華人民共和國註冊成立的股份有限公司） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 （H股股票代碼：03968） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 招商銀行股份有限公司董事會 2025年8月27日 於本公告日期，本公司的執行董事為王良及鍾德勝；本公司的股東董事（非執行 董事）為繆建民、石岱、孫雲飛、朱立偉及黃堅；及本公司的獨立非執行董事為 李孟剛、劉俏、田宏啟、李朝鮮、史永東及李健。 A 股简称:招商银行 A 股代码:600036 公告编号:2025-045 招商银行股份有限公司 监事会决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 招商银行股份有限公司（简称本公司或招商银行）于 2025 年 8 月 25 日以 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 招商銀行股份有限公司 CHINA MERCHANTS BANK CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （H股股票代碼：03968） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 招商銀行股份有限公司董事會 2025年8月27日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 招商银行股份有限公司（简称本公司或招商银行）于 2025 年 8 月 25 日以电子邮件方式发出第十三届董事会第三次会议通知，于 8 月 27 日以书面传签方式召开会议。会议应参会董事 13 名，实际参会 董事 13 名。会议的召开符合《中华人民共和国公司法》和《招商银 行股份有限公司章程》等有关规定。 会议审议通过了以下议案： 一、审议通过了《关联交易管理办法（第七版）》。 同意 ...