Hua Er Jie Jian Wen·2025-08-22 10:55Financial Performance - The net profit for the first half of the year reached 3.394 billion yuan, representing a year-on-year increase of 5.73% [2] - Operating income was 7.659 billion yuan, up 7.00% year-on-year [2] - ROA and ROE decreased to 0.74% and 11.52%, respectively, indicating a decline [2] Scale Expansion - Total assets amounted to 983.365 billion yuan, growing by 14.79% in six months [2] - Total loans reached 500.670 billion yuan, an increase of 13.63% [2] - Deposits grew to 544.136 billion yuan, up 14.77% [2] Capital Adequacy - The core Tier 1 capital adequacy ratio fell to 8.80%, down 1.08 percentage points from the beginning of the year, nearing the regulatory red line [2][3] - Risk-weighted assets surged by 16.40%, contributing to the decline in capital adequacy [3] Asset Quality - The non-performing loan ratio improved to 1.17%, a decrease of 0.08 percentage points [2] - The provision coverage ratio increased to 248.27%, up 3.19 percentage points [2][4] Intermediate Business Income - Net income from fees and commissions dropped by 28.62%, falling from 511 million yuan to 365 million yuan, accounting for only 4.76% of operating income [2][3] Business Structure Adjustment - Inclusive small and micro loans increased by 9.871 billion yuan, while technology and green loans grew by over 40% and 20%, respectively [4] - The balance of "Jie e Loan" increased by 35%, indicating early success in retail digital transformation [4][5] Future Outlook - The core challenge for the company is balancing rapid expansion with capital constraints [5] - Key areas to monitor include the progress of capital replenishment plans, trends in interest margins, and the recovery ability of intermediate business income [5]