Changshu Bank(SH:601128) Bei Ke Cai Jing·2025-08-09 05:56Core Insights - Changshu Bank reported a revenue of 6.062 billion yuan for the first half of 2025, reflecting a year-on-year growth of 10.10% [1] - The net profit attributable to shareholders reached 1.969 billion yuan, with a year-on-year increase of 13.51% [1] Revenue Breakdown - Net interest income, the main source of revenue, was 4.64 billion yuan, showing a slight increase of 0.83% year-on-year [2] - Non-interest income surged to 1.422 billion yuan, marking a significant year-on-year growth of 57.26% [2] - Within non-interest income, net commission and fee income skyrocketed by 637.77% to 142 million yuan, while other income rose by 492.74% to 110 million yuan [2] Business Strategy - Changshu Bank is committed to a "light capital" development approach, focusing on market trends to engage in bond trading and actively pursuing self-managed wealth management and insurance intermediary services [3] - The bank aims to enhance its fee income management, resulting in substantial growth in net commission and fee income [3] Financial Ratios - The annualized return on total assets (ROA) was 1.10%, an increase of 0.02 percentage points year-on-year [5] - The annualized weighted average return on equity (ROE) stood at 13.34%, up by 0.06 percentage points year-on-year [5] - The net interest margin narrowed to 2.58%, a decrease of 0.13 percentage points from the end of the previous year [5] Asset Quality - As of mid-2025, total assets reached 401.227 billion yuan, reflecting a year-to-date increase of 9.45% [5] - The non-performing loan ratio was 0.76%, a slight decrease of 0.01 percentage points from the beginning of the year [5] - The provision coverage ratio was 489.53%, down by 10.98 percentage points from the start of the year [5] Deposit and Loan Growth - Total deposits amounted to 310.778 billion yuan, with a year-to-date growth of 8.46%, while total loans reached 251.471 billion yuan, up by 4.40% [6] - Personal loans constituted 54.20% of total loans, with personal operating loans making up 37.56% [6] Regional Focus - Deposits are primarily concentrated in the Changshu area, with over 50% of total deposits coming from this region [9] - The bank has been actively absorbing and merging village and town banks to enhance its market penetration [10] Dividend Distribution - Changshu Bank announced a mid-year profit distribution plan, proposing a cash dividend of 0.15 yuan per share, totaling 497 million yuan, which represents 25.27% of the net profit attributable to shareholders for the first half of 2025 [14][15]