华夏银行：上半年经营态势平稳向好

Core Viewpoint - Huaxia Bank reported steady growth in asset scale and loan amounts for the first half of 2025, despite a decline in operating income and net profit compared to the previous year [1] Financial Performance - Total assets reached 4,549.63 billion RMB, an increase of 3.96% from the end of the previous year [1] - Total loans amounted to 2,417.10 billion RMB, up 2.15% year-on-year [1] - Total deposits were 2,323.16 billion RMB, reflecting a growth of 7.99% from the previous year [1] - Operating income was 45.52 billion RMB, down 5.86% year-on-year, but improved by 11.87 percentage points from Q1 2025 [1] - Net profit attributable to shareholders was 11.47 billion RMB, a decrease of 7.95% year-on-year, with a 6.09 percentage point improvement from Q1 2025 [1] - Non-performing loan ratio remained stable at 1.60%, unchanged from the end of the previous year [1] Business Structure Optimization - Loans to technology enterprises, green loans, inclusive small and micro enterprise loans, and loans to core digital economy industries grew faster than total loan growth by 30.00, 14.48, 1.90, and 12.13 percentage points respectively [2] - Deposit ratio increased to 51.06%, up 1.90 percentage points from the previous year [2] - Net income from fees and commissions reached 3.10 billion RMB, a 2.55% increase year-on-year [2] - Business and management expenses were 13.21 billion RMB, down 0.66% year-on-year [2] - Cost-to-income ratio improved to 29.01%, a decrease of 0.79 percentage points from the previous year [2] Strategic Initiatives - The number of technology enterprise loan clients increased by 26.31% to 7,509, with loan balances growing by 32.31% to 210.53 billion RMB [3] - Green loan balance reached 332.91 billion RMB, up 16.79% year-on-year, with an increasing proportion of total loans [3] - Inclusive small and micro enterprise loan balance was 643.28 billion RMB, reflecting a growth of 6.94% [3] - The number of personal pension accounts opened reached 728,400, a growth of 22.79% from the previous year [3] Digital Transformation and Risk Management - The bank is enhancing its digital operations, with 2,045 online scenarios implemented, saving 352,100 hours of work [4] - The bank is strengthening risk management and compliance, focusing on comprehensive risk management and asset quality control [4] - The bank's investment banking business grew by 11.39% year-on-year, and retail business transformation is ongoing [4]