Changshu Bank(SH:601128) Mei Ri Jing Ji Xin Wen·2025-08-09 00:48Core Viewpoint - Changshu Bank has reported a double-digit year-on-year growth in both revenue and net profit for the first half of the year, indicating strong financial performance and strategic expansion efforts [2][3]. Financial Performance - Revenue for the first half of the year reached 6.062 billion yuan, with a year-on-year increase of 10.1% [2]. - Net profit attributable to shareholders was 1.969 billion yuan, reflecting a year-on-year growth of 13.51% [2]. - The bank's total assets exceeded 400 billion yuan, marking a 9.45% increase from the beginning of the year [3]. Revenue Composition - Interest income amounted to 4.64 billion yuan, with a slight year-on-year increase of 0.83% [4]. - Non-interest income reached 1.422 billion yuan, showing a significant year-on-year growth of 57.26% [4]. - Investment income was a major contributor to non-interest income, totaling 1.201 billion yuan, up 30.94% year-on-year [4]. 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 [3]. - The provision coverage ratio was 489.53%, indicating a strong risk buffer despite a decrease of 10.98 percentage points from the start of the year [3]. Strategic Expansion - Changshu Bank has increased its revenue from outside Changshu to 66.52%, with a similar percentage for pre-provision profit [2][5]. - The bank has plans to absorb and merge seven village banks and establish branch offices, enhancing its presence in county markets [9][10]. Dividend Policy - The bank announced its first interim dividend distribution plan, proposing a cash dividend of 0.15 yuan per share, totaling 497 million yuan, which represents 25.27% of the net profit for the first half of 2025 [5][7].