兴业银行上半年归母净利润微增0.21% 营收延续下降态势

Core Viewpoint - The financial performance of Industrial Bank in the first half of 2025 shows a decline in operating income but a slight increase in net profit, indicating a stabilization in profitability despite challenges in revenue generation [1][2]. Financial Performance - Operating income for the first half of 2025 was 110.46 billion yuan, a year-on-year decrease of 2.29%, with the decline rate narrowing by 1.29 percentage points compared to the first quarter [1]. - Net profit attributable to shareholders was 43.14 billion yuan, reflecting a year-on-year growth of 0.21%, with the growth rate turning positive from a negative in the first quarter [1]. Revenue Structure - Net interest income amounted to 73.76 billion yuan, down 1.52% year-on-year, primarily due to a narrowing interest margin, which was managed effectively by balancing liabilities and assets [1]. - The net interest margin stood at 1.75%, a decrease of 7 basis points compared to the previous year [1]. - Non-interest income totaled 36.70 billion yuan, a decline of 3.80% year-on-year, influenced by market interest rate fluctuations [1]. - Fee and commission income was 13.08 billion yuan, showing a year-on-year increase of 2.59%, driven by enhanced customer financial service capabilities [1]. - Other non-interest income reached 23.63 billion yuan, down 7.00% year-on-year, although it saw a 11.7% increase in the second quarter compared to the previous year [1]. Asset and Loan Growth - Total assets reached 10,614.38 billion yuan, reflecting a growth of 1.01% from the end of the previous year [2]. - The balance of loans in domestic and foreign currencies was 5,903.43 billion yuan, an increase of 2.91% from the end of the previous year [2]. - The balance of deposits in domestic and foreign currencies was 5,869.83 billion yuan, up 6.10% from the end of the previous year [2]. Asset Quality - The overall asset quality remained stable, with a non-performing loan ratio of 1.08%, unchanged from the first quarter but up 0.01 percentage points from the end of the previous year [2]. - The provision coverage ratio was 228.54%, a decrease of 9.24 percentage points from the end of the previous year [2].