HZBank(SH:600926) Quan Jing Wang·2025-08-13 05:51Core Viewpoint - Hangzhou Bank has demonstrated solid performance in the first half of 2025, focusing on strict governance and transformation, achieving a revenue of 20.093 billion yuan, a 3.89% increase year-on-year, and maintaining strong asset quality with a non-performing loan ratio of 0.76% [1][2] Financial Performance - For the first half of 2025, Hangzhou Bank reported operating income of 20.093 billion yuan, a year-on-year increase of 3.89% [1] - The total loan amount reached 1,009.418 billion yuan, up 7.67% from the end of the previous year [1] - Total deposits amounted to 1,338.282 billion yuan, reflecting a growth of 5.17% compared to the end of the previous year [1] Asset Quality - As of June 30, 2025, the non-performing loan ratio stood at 0.76%, with a provision coverage ratio of 520.89%, indicating stable asset quality [1] - The core Tier 1 capital adequacy ratio and total capital adequacy ratio were 9.74% and 14.64%, respectively, both showing improvements of 0.89 and 0.84 percentage points from the end of the previous year [1] Strategic Insights - The bank's strategic focus for 2025 is on completing its "2255" strategy, with expectations for continued high growth in performance [2] - The successful conversion of convertible bonds has effectively supplemented the bank's capital, facilitating accelerated business expansion [2][3] Dividend Policy - Hangzhou Bank has adopted a proactive dividend strategy, with a total cash dividend distribution of 2.029 billion yuan for the 2024 fiscal year, representing 26.10% of distributable profits, an increase of 3.58 percentage points from 2023 [3] - The bank plans to maintain the per-share distribution ratio despite changes in total share capital due to convertible bond conversions, which is favorable for shareholder interests [3]