Nan Fang Du Shi Bao·2025-08-28 08:52Core Viewpoint - CITIC Bank's management characterized the bank's performance in the first half of 2025 as "steady progress amidst challenges," emphasizing its consistent profit growth since its listing [2][5]. Financial Performance - In the first half of 2025, CITIC Bank reported operating income of 105.76 billion yuan, a year-on-year decrease of 2.99%, while net profit attributable to shareholders was 36.48 billion yuan, reflecting a year-on-year increase of 2.78% [4][5]. - As of the end of June, the bank's non-performing loan ratio stood at 1.16%, unchanged from the end of the previous year, and total assets grew by 3.42% to 9.86 trillion yuan [4][5]. Strategic Focus for H2 2025 - The bank plans to enhance revenue generation by focusing on three areas: asset allocation, liability management, and non-interest income growth [5][6]. - Emphasis will be placed on increasing loan disbursements in key sectors and improving the quality of asset management [5][6]. - The bank aims to stabilize net interest margins through effective management of demand deposits and retail business [6][8]. Non-Interest Income Growth - CITIC Bank is focusing on wealth management and capital market activities to boost non-interest income, with securities investment income contributing significantly [7][10]. - The bank's wealth management assets under management (AUM) reached 4.99 trillion yuan, a 6.52% increase from the previous year [10]. Response to "Anti-Overcompetition" Policy - The management highlighted the importance of the "anti-overcompetition" policy in promoting sustainable development in the banking sector, which is expected to enhance the quality of loans and intermediary services [8][9]. - The bank is adapting its strategies to align with national policies aimed at restructuring supply-side dynamics and regulating market competition [8][9]. Technology Finance Initiatives - CITIC Bank has established a financial asset investment company to enhance its technology finance capabilities, with a focus on creating a sustainable investment model [12][13]. - As of June, the bank's technology loans exceeded 1 trillion yuan, with significant investments in over 1,100 technology enterprises [13].