Changshu Bank(SH:601128) Hua Xia Shi Bao·2025-08-13 15:46Core Insights - Changshu Bank reported a strong performance in the first half of 2025, with revenue exceeding 6 billion yuan and net profit surpassing 1.9 billion yuan, reflecting year-on-year growth of 10% and 13.5% respectively [2][3] - The significant growth in non-interest income, particularly from investment gains, was a key driver behind the bank's performance, with non-interest income increasing by 57.26% [2][3] - The bank's strategy focuses on maintaining a stable and flexible investment approach, prioritizing high-quality bonds and enhancing liquidity to ensure stability and profitability [2] Financial Performance - For the first half of 2025, Changshu Bank achieved operating income of 60.62 billion yuan, a 10.1% increase year-on-year, and a net profit attributable to shareholders of 19.69 billion yuan, up 13.51% [3] - Total assets reached 401.23 billion yuan, a 9.45% increase from the previous year, with total loans amounting to 251.47 billion yuan, up 4.4%, and total deposits at 310.78 billion yuan, increasing by 8.46% [3] - The bank's non-performing loan (NPL) ratio stood at 0.76%, a slight decrease from the beginning of the year, indicating effective risk management [3][5] Regional Contribution - Over 66% of the bank's revenue came from regions outside Changshu, with 49.88% from within Jiangsu province and 16.64% from outside Jiangsu [3] - The bank's focus on small and micro enterprises is evident, with loans under 10 million yuan making up 72% of total loans, while maintaining a low NPL ratio [3][5] Strategic Expansion - Changshu Bank has accelerated its expansion by merging with seven village banks and establishing new branches, enhancing its risk control measures [4][5] - The integration of village banks is aimed at improving efficiency and consolidating resources, which is expected to enhance the bank's outreach in inclusive finance [4][5] Technological Advancements - The bank has successfully implemented several data migration projects to support its integration strategy, enhancing its capabilities in managing acquired institutions [6] - The "Changyin Microfinance Model," which combines technology and standardized processes, has proven effective in addressing the challenges of small and micro finance [6] Dividend Policy - Changshu Bank announced its first interim dividend since its listing, distributing 0.15 yuan per share, totaling approximately 497 million yuan, which represents 25.27% of the net profit for the first half of 2025 [7][8] - The bank aims to improve its dividend frequency and optimize its payout strategy in response to regulatory guidance [8]