常熟银行(601128) - 2025 Q2 - 季度业绩

Announcement Statement This announcement is a preliminary earnings report for Jiangsu Changshu Rural Commercial Bank Co., Ltd. for H1 2025, with unaudited data and investment risk warnings - This announcement is the 2025 semi-annual performance express report of Jiangsu Changshu Rural Commercial Bank Co., Ltd. The data contained herein is unaudited by an accounting firm and represents preliminary accounting data, reminding investors to be aware of investment risks[1][2] Key Financial Data and Indicators The bank's H1 2025 financial performance shows double-digit growth in revenue and net profit, with stable asset expansion and improved asset quality Financial Data Overview In H1 2025, Changshu Bank achieved double-digit growth in operating revenue and net profit attributable to shareholders, with steady total asset growth, a decrease in non-performing loan ratio, but a slight decrease in provision coverage ratio 2025 Semi-Annual Key Financial Data and Indicators (Unit: Million Yuan, Currency: RMB) | Item | Jan-Jun 2025 (Unaudited) | Jan-Jun 2024 (Unaudited) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 6,062 | 5,506 | 10.10 | | Operating Profit | 2,440 | 2,190 | 11.42 | | Total Profit | 2,458 | 2,179 | 12.80 | | Net Profit Attributable to Ordinary Shareholders of the Bank | 1,969 | 1,734 | 13.55 | | Net Profit Attributable to Ordinary Shareholders of the Bank Excluding Non-Recurring Gains and Losses | 1,952 | 1,738 | 12.31 | | Basic Earnings Per Share (Yuan/Share) | 0.59 | 0.52 | 13.46 | | Return on Total Assets (%) | 1.10 | 1.08 | Increased by 0.02 percentage points | | Weighted Average Return on Net Assets (%) | 13.33 | 13.28 | Increased by 0.05 percentage points | | Item | June 30, 2025 (Unaudited) | December 31, 2024 (Audited) | Change (%) | | Total Assets | 401,251 | 366,582 | 9.46 | | Of which: Total Loans | 251,471 | 240,862 | 4.40 | | Total Liabilities | 369,268 | 335,913 | 9.93 | | Of which: Total Deposits | 310,777 | 286,546 | 8.46 | | Owners' Equity Attributable to Ordinary Shareholders of the Bank | 29,898 | 28,648 | 4.36 | | Share Capital | 3,316 | 3,015 | 9.98 | | Net Assets Per Share Attributable to Ordinary Shareholders of the Bank (Yuan/Share) | 9.01 | 9.50 | -5.16 | | Non-Performing Loan Ratio (%) | 0.76 | 0.77 | Decreased by 0.01 percentage points | | Provision Coverage Ratio (%) | 489.53 | 500.51 | Decreased by 10.98 percentage points | Notes on Financial Data The report clarifies the annualized nature of total asset return and weighted average return on equity, the composition of total loans and deposits, and the reason for the decrease in net assets per share - Return on total assets and weighted average return on net assets are annualized data[3] - Total loans do not include accrued interest, and total deposits do not include accrued interest[4] - Net assets per share attributable to ordinary shareholders of the bank decreased compared to the beginning of the year, primarily due to the conversion of capital reserves into share capital[4] Explanation of Operating Performance and Financial Position The bank maintained strong business focus, achieving double-digit growth in revenue and net profit, while expanding customer base and maintaining good asset quality - The bank consistently focused on its core business, driving down liability costs through a dual-pronged approach to assets and liabilities, expanding its customer ecosystem, achieving multi-point breakthroughs in innovative businesses, and extending its provincial footprint[5] - In H1 2025, operating revenue and net profit attributable to ordinary shareholders both maintained double-digit growth, with asset quality remaining at a relatively good industry level[5] 2025 H1 Key Operating Indicators | Indicator | Jan-Jun 2025 / End of June 2025 | Change from prior period / beginning of year | | :--- | :--- | :--- | | Operating Revenue | 6.062 billion yuan | Increased by 10.10% year-on-year | | Net Profit Attributable to Ordinary Shareholders of the Bank | 1.969 billion yuan | Increased by 13.55% year-on-year | | Total Assets | 401.251 billion yuan | Increased by 9.46% from beginning of year | | Total Loans | 251.471 billion yuan | Increased by 4.40% from beginning of year | | Total Deposits | 310.777 billion yuan | Increased by 8.46% from beginning of year | | Non-Performing Loan Ratio | 0.76% | Decreased by 0.01 percentage points from beginning of year | | Provision Coverage Ratio | 489.53% | Decreased by 10.98 percentage points from beginning of year | Risk Warning This preliminary financial data for H1 2025 may differ from the final report, with an expected variance not exceeding 10% - The main financial data for H1 2025 contained in this announcement are preliminary accounting data and may differ from the data disclosed in the final semi-annual report, but the expected variance will not exceed 10%[6] Reference Documents Reference documents include comparative balance sheets and income statements signed by key executives - Reference documents include comparative balance sheets and income statements signed and sealed by the legal representative, president, chief financial officer, and head of the accounting department[7] Announcement Date and Signatures This announcement was issued by the Board of Directors of Jiangsu Changshu Rural Commercial Bank Co., Ltd. on July 21, 2025 - This announcement was issued by the Board of Directors of Jiangsu Changshu Rural Commercial Bank Co., Ltd. on July 21, 2025[8]