Zhong Guo Jin Rong Xin Xi Wang·2025-08-27 11:33Core Viewpoint - CITIC Bank reported a net profit of 36.478 billion yuan for the first half of 2025, marking a year-on-year increase of 2.78%, while operating income decreased by 2.99% to 105.762 billion yuan [1] Financial Performance - The bank's total assets reached 985.8466 billion yuan, a growth of 3.42% compared to the end of the previous year [1] - The total loans and advances amounted to 580.19 billion yuan, increasing by 1.43% year-on-year [1] - Customer deposits totaled 610.6907 billion yuan, reflecting a year-on-year growth of 5.69% [1] Asset Quality - The non-performing loan balance stood at 67.134 billion yuan, an increase of 649 million yuan or 0.98% from the previous year [1] - The non-performing loan ratio remained stable at 1.16% compared to the end of the previous year [1] - The provision coverage ratio was 207.53%, down by 1.90 percentage points from the end of the previous year but up by 0.42 percentage points from the first quarter [1] Credit Structure Optimization - CITIC Bank has focused on aligning credit structure adjustments with national strategies, increasing lending to key sectors of the real economy [2] - The loan balances for green credit, manufacturing mid-to-long term, private economy, strategic emerging industries, and inclusive small and micro enterprises were 701.415 billion yuan, 348.537 billion yuan, 1,429.220 billion yuan, 679.836 billion yuan, and 630.610 billion yuan, with growth rates of 16.79%, 15.94%, 6.08%, 5.57%, and 5.13% respectively [2] Technological and Financial Innovations - The bank expanded its technology finance branches to 21 and introduced new products such as technology achievement transformation loans and intellectual property financing loans, with technology enterprise loans growing by 8.14% [3] - Green finance initiatives included the launch of a green low-carbon service platform, with green credit surpassing 700 billion yuan, growing by 16.79% [3] - Inclusive finance efforts supported small and micro enterprises, with significant growth in inclusive loans and agricultural loans [3] Wealth and Financing Management - Retail management assets reached 4.99 trillion yuan, a growth of 6.52% year-on-year, as part of the bank's "retail first strategy" [4] - The comprehensive financing balance was 14.78 trillion yuan, increasing by 3.43% from the previous year [4] - The bank is enhancing its digital banking capabilities through a strategy focused on innovation and integration of technology [4] Shareholder Returns - CITIC Bank plans to increase its mid-term dividend payout ratio to 30.7% for the 2025 fiscal year, following a trend of improving the timeliness and stability of cash dividends [4] - The bank's A-shares and H-shares saw price increases of 22% and 43% respectively in the first half of 2025 [4]