QILU BANK(SH:601665) Hua Er Jie Jian Wen·2025-07-25 17:11Core Insights - Qilu Bank reported a revenue of 6.782 billion yuan and a net profit attributable to shareholders of 2.734 billion yuan for the first half of the year, with year-on-year growth rates of 5.76% and 16.48% respectively [1] - The bank's asset quality remained stable, with a non-performing loan ratio decreasing by 0.1 percentage points to 1.09% and a provision coverage ratio increasing by 20.86 percentage points to 343.24% [1] Financial Performance - The bank maintained a double-digit profit growth due to synchronized growth in both interest and non-interest income [4] - Net interest income reached 4.998 billion yuan, a year-on-year increase of 13.57%, while net fee and commission income was 817 million yuan, also up by 13.64% [5] - The net interest margin stabilized and rebounded, with a reported figure of 1.47% in Q1 2025, slightly above the average for city commercial banks [5] Strategic Initiatives - Qilu Bank has implemented a digital transformation strategy and a three-year development plan, achieving positive results [2] - The bank's credit business has shown significant recovery, attributed to its strategic focus on county-level financial services, which is considered a key growth driver [5] - As of the end of 2024, deposits and loans in county branches increased by 16.87% and 15.49% respectively, with the number of county customers reaching 2.2451 million, a growth of 13.05% [5] Market Position - The bank's village and town banking development is progressing well, with plans to expand its influence from Shandong to Tianjin, Henan, and Hebei [6]