Changshu Bank(SH:601128) Huan Qiu Wang·2025-08-08 02:35Core Insights - The first listed bank, Changshu Bank, reported a revenue of 6.062 billion yuan for the first half of 2025, marking a year-on-year increase of 10.1% [1][2] - The net profit attributable to shareholders reached 1.969 billion yuan, reflecting a year-on-year growth of 13.51% [1][2] Financial Performance - Revenue for the first half of 2025 was 6.061 billion yuan, up from 5.506 billion yuan in the same period of 2024, representing a 10.1% increase [2] - Total profit amounted to 2.458 billion yuan, a 12.8% increase from 2.179 billion yuan in the previous year [2] - The net profit attributable to shareholders was 1.969 billion yuan, up from 1.734 billion yuan, showing a growth of 13.51% [2] - The net cash flow from operating activities increased by 28.05%, reaching 2.144 billion yuan [2] Asset and Loan Growth - As of June 30, 2025, total assets rose to 401.23 billion yuan, a 9.45% increase from the end of the previous year [3] - Total loans amounted to 251.47 billion yuan, reflecting a 4.4% growth, while total deposits reached 310.78 billion yuan, up 8.46% [3] - Personal loans accounted for 54.20% of the loan portfolio, with personal operating loans making up 37.56% [3] Asset Quality - The non-performing loan (NPL) ratio stood at 0.76%, a slight decrease of 0.01 percentage points from the beginning of the year [4] - The provision coverage ratio was 489.53%, although it decreased by 10.98 percentage points compared to the end of the previous year [4] - The core Tier 1 capital adequacy ratio and total capital adequacy ratio were 10.73% and 10.78%, respectively, both down by approximately 0.45 percentage points from the previous year [4] Strategic Developments - The bank is actively pursuing opportunities in the acquisition of village and town banks, having announced seven restructuring cases since the end of 2024 [4] - The bank's recent convertible bonds, if successfully converted, could enhance its capital base and support further acquisitions [4]