智通财经APP讯，工商银行(601398.SH)发布2025年半年度报告，上半年实现净利润1,688.03亿元，同比 下降1.5%，年化平均总资产回报率0.67%，年化加权平均净资产收益率8.82%。营业收入4,270.92亿元， 增长1.6%。其中，利息净收入3,135.76亿元，下降0.1%;非利息收入1,135.16亿元，增长6.5%。营业支出 2,281.86亿元，增长1.8%。其中，业务及管理费1,029.22亿元，增长3.5%，成本收入比为24.10%;计提资 产减值损失1,045.29亿元，增长2.4%。所得税费用302.05亿元，增长16.7%。报告期内，实现归属于母公 司股东的净利润1681.03亿元，实现扣除非经常性损益后归属于母公司股东的净利润1677.16亿元。 ...

[Glossary](index=5&type=section&id=1.%20Glossary) Provides definitions for key terms used throughout the report [Important Notice](index=7&type=section&id=2.%20Important%20Notice) Contains crucial disclaimers and important information regarding the report's content [Brief Introduction to the Company's Basic Information](index=9&type=section&id=3.%20Brief%20Introduction%20to%20the%20Company%27s%20Basic%20Information) Presents a concise overview of the company's fundamental profile and background [Financial Summary](index=12&type=section&id=4.%20Financial%20Summary) Offers a high-level overview of the company's key financial performance indicators [Overview of Operations](index=15&type=section&id=5.%20Overview%20of%20Operations) Provides a general review of the company's operational performance and business activities [Discussion and Analysis](index=15&type=section&id=6.%20Discussion%20and%20Analysis) [Economic, Financial, and Regulatory Environment](index=17&type=section&id=6.1%20Economic%2C%20Financial%2C%20and%20Regulatory%20Environment) Global economic growth slowed in H1 2025 with increased trade barriers, while China's economy remained stable with 5.3% GDP growth, supported by proactive fiscal and moderately loose monetary policies, alongside strengthened financial regulation - In H1 2025, global economic growth momentum weakened, trade barriers increased, and major economies showed divergent performance, with uncertainties in inflation trends and monetary policy adjustments; China's economy remained generally stable and improving, with steady growth in production and demand, and new progress in high-quality development[30](index=30&type=chunk) 2025 H1 China's Key Economic Indicators | Indicator | 2025 H1 | YoY Growth | | :--- | :--- | :--- | | Gross Domestic Product (GDP) | - | 5.3% | | Value Added of Industrial Enterprises Above Designated Size | - | 6.4% | | Fixed Asset Investment (Excluding Rural Households) | - | 2.8% | | Total Retail Sales of Consumer Goods | - | 5.0% | | Total Value of Goods Trade Imports and Exports (RMB Denominated) | - | 2.9% | | Consumer Price Index (CPI) | - | -0.1% | - Fiscal policy became more proactive, arranging larger-scale government bonds, issuing ultra-long-term special national bonds to support 'two major' projects, and issuing the first batch of **500 billion yuan** special national bonds to supplement core Tier 1 capital for state-owned large commercial banks[30](index=30&type=chunk) - Monetary policy was moderately loose, with the People's Bank of China lowering the reserve requirement ratio by **0.5 percentage points**, reducing the 7-day reverse repurchase operation rate by **0.1 percentage points**, leading to a **0.1 percentage point** drop in LPR, and establishing structural tools such as re-lending for consumption and elderly care services[31](index=31&type=chunk) China's Aggregate Financial Indicators as of June 2025 | Indicator (June end) | Balance (trillion yuan) | YoY Growth | | :--- | :--- | :--- | | Broad Money Supply (M2) | 330.29 | 8.3% | | Outstanding Aggregate Financing to the Real Economy | 430.22 | 8.9% | | RMB Loan Balance | 268.56 | 7.1% | | RMB Deposit Balance | 320.17 | 8.3% | | Various Bonds Issued in Bond Market | 44.5 | 16.7% | - Financial regulatory policies promoted high-quality development of the banking sector, establishing a comprehensive statistical system for the 'Five Key Financial Initiatives,' formulating implementation plans for technology finance, green finance, inclusive finance, and pension finance, and strengthening supervision over commercial banks' agency sales and internet lending businesses[33](index=33&type=chunk) Key Commercial Bank Indicators as of June 2025 | Commercial Bank Indicator (June end) | Amount/Ratio | YoY Growth/Change | | :--- | :--- | :--- | | Total Assets (RMB and Foreign Currency) | 402.89 trillion yuan | 8.9% | | Non-Performing Loan Balance | 3.43 trillion yuan | - | | Non-Performing Loan Ratio | 1.49% | - | | Provision Coverage Ratio | 211.97% | - | | Capital Adequacy Ratio | 15.58% | - | [Financial Statement Analysis](index=19&type=section&id=6.2%20Financial%20Statement%20Analysis) [Income Statement Item Analysis](index=20&type=section&id=6.2.1%20Income%20Statement%20Item%20Analysis) In H1 2025, net profit decreased by 1.5% to 168.803 billion yuan, while operating income grew by 1.6% to 427.092 billion yuan, driven by increased non-interest income despite a slight decline in net interest income 2025 H1 Income Statement Key Item Changes | Indicator (RMB million) | 2025 Jan-Jun | 2024 Jan-Jun | Change Amount | Growth Rate (%) | | :--- | :--- | :--- | :--- | :--- | | Net Profit | 168,803 | 171,296 | (2,493) | (1.5) | | Operating Income | 427,092 | 420,499 | 6,593 | 1.6 | | Net Interest Income | 313,576 | 313,950 | (374) | (0.1) | | Non-Interest Income | 113,516 | 106,549 | 6,967 | 6.5 | | Operating Expenses | 228,186 | 224,083 | 4,103 | 1.8 | | Business and Management Expenses | 102,922 | 99,453 | 3,469 | 3.5 | | Credit Impairment Losses | 104,007 | 101,809 | 2,198 | 2.2 | | Income Tax Expense | 30,205 | 25,888 | 4,317 | 16.7 | 2025 H1 Profitability Indicator Changes | Profitability Indicator (%) | 2025 Jan-Jun | 2024 Jan-Jun | Change (basis points) | | :--- | :--- | :--- | :--- | | Annualized Return on Average Total Assets | 0.67 | 0.75 | -8 | | Annualized Weighted Average Return on Equity | 8.82 | 9.53 | -71 | | Annualized Net Interest Spread | 1.16 | 1.24 | -8 | | Annualized Net Interest Margin | 1.30 | 1.43 | -13 | | Cost-to-Income Ratio | 24.10 | 23.65 | +45 | - Net interest income decreased by **0.1%** year-on-year, primarily due to factors such as LPR reduction, adjustment of existing mortgage rates, and changes in deposit maturity structure, leading to a **decline of 8 basis points in net interest spread** and **13 basis points in net interest margin** respectively[36](index=36&type=chunk) - Interest income from customer loans and advances decreased by **10.4%** year-on-year, mainly due to a **60 basis point decline in average yield**, partially offset by an **8.3% increase in average balance**[41](index=41&type=chunk) - Interest income from investments increased by **6.5%** year-on-year, primarily benefiting from a **21.6% increase in average investment balance**, partially offsetting the **39 basis point decline in average yield**[45](index=45&type=chunk) - Interest expense on deposits decreased by **17.1%** year-on-year, mainly due to a **39 basis point

在当天举行的工商银行2025年中期业绩发布会上，工商银行副行长姚明德表示，2025年上半年，工商银 行按照智能化风控、现代化布局、数字化动能、多元化结构、生态化基础的"五化"转型路径，在服务经 济持续回升向好中推进自身高质量发展，保持战略定力，用好发展机遇，交出了一份稳中有进、以进促 稳的半年成绩单。(完) 中新社北京8月29日电 (记者 陈康亮)中国A股上市公司中国工商银行股份有限公司(下称工商银行)29日 发布公告称，截至6月末，公司资产总额约52.32万亿元(人民币，下同)，较上年末增长7.2%。 公告还显示，上半年，工商银行实现营业收入约4270.92亿元，实现归属于母公司股东的净利润约 1681.03亿元。年化平均总资产回报率和年化加权平均净资产收益率分别为0.67%和8.82%。不良贷款率 1.33%，下降0.01个百分点；资本充足率19.54%，拨备覆盖率217.71%，分别上升0.15、2.8个百分点。 ...

北京商报讯8月29日，工商银行发布公告，该行收到段红涛的辞呈。段红涛因职务变动，已于2025年6月 起担任该行党委副书记，于2025年8月29日向该行提交辞呈，辞去该行副行长、董事会秘书及公司秘书 职务。 （文章来源：北京商报） ...

2025年1至6月份，工商银行的营业收入构成为：利息收入占比84.8%，非利息收入占比9.33%。 每经AI快讯，工商银行（SH 601398，收盘价：7.43元）8月29日晚间发布公告称，公司一届董事会会议 于2025年8月29日在北京市西城区复兴门内大街55号本行总行召开。会议审议了《关于提名陈德霖先生 为中国工商银行股份有限公司独立董事候选人的议案》等文件。 每经头条（nbdtoutiao）——近120个品牌、1600辆车逐鹿西南！下半年国内首个A级车展开幕：新能 源"第三极"将改写车市格局 截至发稿，工商银行市值为26481亿元。 （记者 王晓波） ...

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) reported a stable revenue growth in the first half of 2025, with a total revenue of 409.1 billion yuan, marking a year-on-year increase of 1.8%, and a net profit attributable to shareholders of 168.1 billion yuan, down 1.4% year-on-year [1][2]. Revenue Performance - The bank's revenue growth is seen as a sign of stabilization and turning point, with three out of the last four quarters showing positive year-on-year revenue growth [2]. - Interest income, which is a significant part of the bank's revenue, remained stable, with a slight decrease of 0.1%, indicating a strong support for overall revenue [2]. - Non-interest income reached 95.5 billion yuan, with net fee and commission income at 67 billion yuan, down 0.6%, while other non-interest income grew by 38% [2]. Net Interest Margin - The net interest margin (NIM) decreased to 1.3%, with a year-on-year decline of 12 basis points, but the decline has narrowed by 6 basis points compared to the previous year [3][4]. - The bank's strategies in managing asset-liability duration and controlling funding costs have contributed to the stabilization of the NIM [3]. Future Outlook - The bank's management expressed confidence that the downward trend in NIM will continue to narrow in the second half of the year [4]. - The bank plans to accelerate the exploration of comprehensive financial solutions, enhance digital capabilities, and optimize its diversified structure to support new business areas [1]. AIC Equity Investment - The bank's AIC equity investment has signed intention agreements exceeding 150 billion yuan, with 28 funds established and a total subscription amount of over 33 billion yuan [6]. - Future plans include increasing investment in emerging industries and enhancing the bank's investment capabilities [6][7]. - The bank aims to deepen the integration of lending and investment, innovate risk control mechanisms, and support high-quality development [7].

Core Viewpoint - The net interest margin (NIM) is expected to continue declining in the second half of the year, but the rate of decline will further narrow, with confidence in the stabilization trend of NIM in the future [1][2]. Group 1: Financial Performance - In the first half of 2025, the net interest margin for the Industrial and Commercial Bank of China (ICBC) was 1.3%, indicating a continued downward trend, but with a narrowing margin of decline [2]. - The bank's strategies in response to the low interest margin environment have led to a sustainable stabilization of NIM, supported by effective asset-liability management measures [2]. Group 2: Strategic Focus - ICBC is focusing on duration management of asset-liability combinations to enhance resilience against external shocks [2]. - The bank emphasizes cost management of liabilities, which is a key factor in stabilizing the interest margin [2]. - There is a strong focus on optimizing the structure of assets and liabilities, contributing to the recovery of the interest margin [2]. Group 3: Loan Growth and Pricing - In terms of asset growth, ICBC is prioritizing structural growth over total volume, leveraging its competitive advantages in corporate finance, inclusive finance, and financial technology [2]. - The growth rates for technology loans, inclusive loans, and loans to core industries of the digital economy were 20%, 17.3%, and 19.3% respectively, all exceeding industry averages [2]. - The bank's new RMB loan interest rate has decreased to 2.82%, down 22 basis points from 2024 [2]. Group 4: Risk Management - ICBC is focusing on marginal price improvement while adhering to risk pricing principles and regulatory requirements to prevent irrational declines in loan rates [3]. - The bank is committed to precise risk prevention and has strengthened its three-line defense mechanism, leading to a steady improvement in the quality of credit assets [3].

工商银行（601398）(01398)发布公告，公司收到段红涛先生的辞呈。段红涛先生因职务变动，已于 2025年6月起担任该行党委副书记，于2025年8月29日向该行提交辞呈，辞去该行副行长、董事会秘书及 公司秘书职务。 ...

Core Viewpoint - Industrial and Commercial Bank of China (ICBC) announced the payment of offshore US dollar preferred stock dividends on September 23, 2025, amounting to approximately $115.36 million (including tax) [1] Group 1 - The dividend payment is specifically for offshore US dollar preferred stocks [1] - The total amount of the dividend is approximately $115.36 million [1] - The payment date is set for September 23, 2025 [1]

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） 股份代號：1398 美元優先股股份代號：4620 2025 中期業績公告 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。 中國工商銀行股份有限公司 中國工商銀行股份有限公司（以下簡稱「本行」）董事會宣佈本行及其子公司（以下簡稱「本 集團」）截至2025年6月30日止未經審計的中期業績。本行董事會及董事會審計委員會已審閱並 確認未經審計的中期業績。 1. 公司基本情況簡介 1.1 基本情況簡介 | | 證券簡稱 | 證券代碼 | 上市交易所 | | --- | --- | --- | --- | | A股 | 工商銀行 | 601398 | 上海證券交易所 | | H股 | 工商銀行 | 1398 | 香港聯合交易所有限公司 | | 境外優先股 | ICBC 20USDPREF | 4620 | 香港聯合交易所有限 ...