Core Viewpoint - Chengdu Bank reported a steady performance in the first half of 2025, with significant growth in operating income and net profit, driven by a robust loan portfolio and improved net interest margin [1][2][4]. Financial Performance - In H1 2025, Chengdu Bank achieved operating income of 12.27 billion yuan, a year-on-year increase of 5.91%, with Q2 growth accelerating to 8.51% [1][2]. - The net profit attributable to shareholders reached 6.62 billion yuan, up 7.29% year-on-year, with Q2 net profit growth at 8.70% [1][2]. - Basic earnings per share stood at 1.57 yuan, and the weighted average return on equity was 7.94% [1]. Loan and Deposit Growth - As of June 2025, Chengdu Bank's total assets reached 1.37 trillion yuan, reflecting a year-on-year growth of 14.32% [3]. - The loan portfolio grew by 18.30% year-on-year, indicating strong demand and a favorable lending environment [3]. - Total liabilities amounted to 1.28 trillion yuan, with deposits increasing by 14.80%, maintaining a stable operational structure [3]. Net Interest Margin and Cost of Liabilities - The net interest margin for H1 2025 was 1.62%, showing a 12 basis points increase from Q1, despite a year-on-year decline of 4 basis points [3]. - The cost of liabilities decreased, with the deposit cost rate at 1.96%, down 25 basis points year-on-year, benefiting from regulatory measures on high-interest deposits [3]. Asset Quality - Chengdu Bank maintained a low non-performing loan ratio of 0.66%, unchanged year-on-year, with a high provision coverage ratio of 452.65%, positioning it among the industry leaders [4].
成都银行(601838)2025半年报点评:规模效益齐升 资产质量优异