PAB(SZ:000001) 智通财经网·2025-08-22 13:36Core Insights - Ping An Bank reported a decline in revenue and net profit for the first half of 2025, with total operating income at 69.385 billion yuan, down 10.0% year-on-year, and net profit attributable to shareholders at 24.87 billion yuan, down 3.9% year-on-year [1][2] Financial Performance - The bank's net interest margin decreased to 1.80%, a drop of 16 basis points compared to the same period last year, influenced by falling market interest rates and adjustments in loan business structure [1] - Non-interest income from bond investments and other businesses also declined due to market volatility [1] - Management and business expenses were reduced to 19.206 billion yuan, a decrease of 9.0% year-on-year, driven by digital transformation efforts [1] - Credit and other asset impairment losses were reported at 19.450 billion yuan, down 16.0% year-on-year, indicating improved asset quality management [1] Asset and Liability Management - As of June 30, 2025, total assets reached 5,874.961 billion yuan, an increase of 1.8% from the end of the previous year [2] - The total amount of loans and advances was 3,408.498 billion yuan, up 1.0% year-on-year, with significant growth in loans to manufacturing, technology, and green finance sectors [2] - Total liabilities amounted to 5,364.899 billion yuan, a growth of 1.7% from the previous year, with total deposits increasing by 4.6% to 3,694.471 billion yuan [2] - The average interest rate on interest-bearing liabilities was 1.79%, down 46 basis points year-on-year, while the average interest rate on deposits was 1.76%, down 42 basis points year-on-year [2]