平安银行优化资产负债 中期分红拟10派2.36元

Overall Performance - In the first half of 2025, Ping An Bank reported operating income of 69.385 billion yuan, a year-on-year decrease of 10.0%, but the decline has narrowed [1] - Net profit for the same period was 24.870 billion yuan, down 3.9% year-on-year, with a reduced decline compared to the first quarter [1] - The net interest margin stood at 1.80%, a decrease of 16 basis points from the same period last year [1] Asset Quality Management - The bank has been optimizing its asset-liability structure, showing a slight expansion in asset scale and enhanced asset quality control [1] - Credit and other asset impairment losses amounted to 19.450 billion yuan, down 16.0% year-on-year; loan write-offs totaled 25.633 billion yuan; and total recoveries of non-performing assets reached 18.556 billion yuan [1] Dividend Distribution - Ping An Bank announced an interim dividend of 2.36 yuan per 10 shares (before tax), totaling 4.580 billion yuan based on approximately 19.406 billion shares as of June 30, 2025 [1] Interest Margin and Non-Interest Income - The net interest margin of 1.80% was impacted by declining market interest rates and loan repricing effects [4] - Non-interest income was 24.878 billion yuan, down 11.3% year-on-year, with significant declines in management fees and bond investment income [4] Asset Scale and Loan Growth - As of June 30, 2025, total assets reached 5.874 trillion yuan, a 1.8% increase from the end of the previous year [6] - New loans in key sectors such as infrastructure and real estate amounted to 239.777 billion yuan, a year-on-year increase of 19.6% [6] Non-Performing Loan Management - The non-performing loan ratio was 1.05%, a slight decrease from the end of the previous year, with a non-performing loan generation rate of 1.64% [6] - The bank has increased efforts in recovering non-performing assets, with cash recoveries making up 97.5% of the total [7] Liability Management - Total liabilities reached 5.365 trillion yuan, a 1.7% increase from the end of the previous year, with a significant decrease in average interest rates on interest-bearing liabilities [7] Asset Structure Optimization - Personal loan balances decreased by 2.3% year-on-year, but the structure improved with mortgage loans making up 64.3% of personal loans [9] - Wealth management business showed positive growth, with assets under management reaching 4.2138 trillion yuan and insurance agency income growing by 46.1% [9] Corporate Business Development - The number of corporate clients increased by 6.5% year-on-year, with strategic customer loan balances growing by 15.8% [10] - The bank has also seen significant growth in interbank transactions and asset management products [10]