PAB(SZ:000001) Zhong Guo Ji Jin Bao·2025-08-26 02:41Core Viewpoint - Ping An Bank's president Ji Guangheng stated that the most challenging times for the bank are behind, with positive trends emerging in key performance indicators during the first half of 2025 [3][9]. Group 1: Performance and Strategy - Ping An Bank reported a revenue of 69.385 billion yuan in the first half of 2025, a decrease of 10.0% year-on-year, and a net profit of 24.870 billion yuan, down 3.9% year-on-year, with the decline narrowing compared to the first quarter [4]. - The bank aims to maintain a relatively stable dividend ratio, with a mid-year dividend rate of 18%, consistent with the previous year [17][18]. - Ji Guangheng emphasized the bank's strategic focus on strengthening retail banking, refining corporate banking, and specializing in interbank operations [8][9]. Group 2: Retail and Corporate Banking - The risk structure of retail loans has significantly improved, with a notable turning point in non-performing loans [10][11]. - The bank plans to enhance its retail banking features, focusing on customer needs and upgrading its brand to "Buy Wealth Management, Find Ping An" [14][15]. - Corporate banking strategy remains focused on precision, with a strong emphasis on six industries and products, achieving double-digit growth in most areas except real estate [12][13]. Group 3: Interest Margin and Capital Planning - The net interest margin is currently at 1.8%, with expectations to maintain a competitive position among joint-stock banks [16]. - The bank has no plans for external capital replenishment at this time, relying on internal accumulation to support business development [18]. Group 4: Contribution to Shenzhen - Ping An Bank expressed gratitude for the 45th anniversary of Shenzhen Special Economic Zone, highlighting its role as a key participant and beneficiary of Shenzhen's development [19].