PAB(SZ:000001) Xin Lang Cai Jing·2025-08-26 09:09Core Viewpoint - Ping An Bank held a mid-year performance conference on August 25, 2025, addressing key market concerns such as dividends and retail business performance [1][2] Dividend Distribution - For the first half of 2025, Ping An Bank announced a cash dividend of RMB 2.36 per share (including tax), totaling RMB 4.58 billion, maintaining the same level as last year [1] - The management indicated that the year-end dividend will depend on business performance and capital conditions, emphasizing a cautious approach to decision-making while considering future economic recovery [1] Retail Business Performance - In the first half of 2025, the retail financial business accounted for 44.8% of total revenue, a decrease from 50.7% in the same period of 2024 [2] - As of June 30, 2025, the personal loan balance was approximately RMB 17.3 trillion, down 2.3% from the end of the previous year, with credit card receivables and consumer loans contributing to this decline [2] - The management noted that over 95% of the decline in retail loan scale was attributed to credit card business, which is currently stabilizing and showing signs of recovery amid a transforming macro consumption market [2]