2 1 Shi Ji Jing Ji Bao Dao·2025-08-28 06:12Core Viewpoint - CITIC Bank has shifted its focus from "scale obsession" to a balanced growth strategy emphasizing both efficiency and quality, which underpins its financial performance [2][4]. Financial Performance - As of mid-2025, CITIC Bank's total assets reached 9.86 trillion yuan, a 3.42% increase from the end of the previous year [2]. - The net profit attributable to shareholders was 36.478 billion yuan, reflecting a year-on-year growth of 2.78% [2]. - Operating revenue slightly declined to 105.762 billion yuan, down 2.99% year-on-year [2]. - The net interest margin stood at 1.63%, a decrease of 14 basis points, yet it remains 21 basis points above the industry average [2]. - The non-performing loan ratio was stable at 1.16%, consistent with the previous year-end and first quarter [2]. Operational Strategy - The bank emphasizes a "steady, balanced, and sustainable" approach, showcasing resilience and the ability to withstand shocks [2]. - Profit growth is supported by cost control measures, with effective reductions in funding, operational, and risk costs [2][5]. Risk Management - CITIC Bank has maintained stable risk indicators, with a continuous decline in non-performing loan ratios over the past six years and an increase in the provision coverage ratio over the last four years [3][5]. - The bank prioritizes risk management as a core competency, ensuring that growth is achieved without compromising risk resilience [5]. Growth Quality - The bank has achieved reasonable and quality growth, with off-balance sheet financing growing faster than on-balance sheet assets [4]. - The growth in general loans outpaced total loan and asset growth, while deposit growth exceeded total liability growth [4]. Customer and Asset Structure - The bank's revenue contribution structure is balanced, with corporate, retail, and financial market businesses contributing 40%, 40%, and 20% respectively [6]. - The bank has increased its focus on retail loans and asset under management (AUM), achieving a strong position in the industry [6]. - The bank's loan distribution strategy emphasizes increasing loans to the real economy, with general loans making up 56.6% of total assets, a 1.3 percentage point increase from the previous year [6]. Future Outlook - For the second half of the year, CITIC Bank plans to enhance revenue generation through asset management, interest margin stability, and non-interest income growth [8]. - The bank aims to improve asset allocation, focusing on high-quality projects and optimizing its loan structure [8]. - Efforts will be made to increase non-interest income by promoting wealth management and financial market services [8].