BANK OF SUZHOU(SZ:002966) Quan Jing Wang·2025-08-29 05:26Core Viewpoint - Suzhou Bank demonstrates steady growth in its mid-term performance, with significant advancements in digital transformation and a strong commitment to serving the real economy [1][5]. Financial Performance - In the first half of 2025, Suzhou Bank achieved an operating income of 6.504 billion yuan, a year-on-year increase of 1.81%, and a net profit of 3.134 billion yuan, up 6.41% year-on-year [1]. - Total assets reached 754.974 billion yuan, growing by 8.83% compared to the end of the previous year, with total deposits at 462.752 billion yuan, an increase of 10.98%, and total loans at 363.497 billion yuan, up 9.04% [1]. - The bank's non-performing loan ratio remained stable at 0.83%, with a provision coverage ratio of 437.91% and a loan-to-deposit ratio of 3.63%, indicating strong risk mitigation capabilities [2]. Income Sources - Net interest income, the primary source of operating income, amounted to 4.263 billion yuan, reflecting a year-on-year increase of 2.72% [2]. - The net interest margin was reported at 1.33%, showing a slight decline of 5 basis points from the end of the previous year [2]. - Non-interest income remained stable at 2.241 billion yuan, with net fee and commission income increasing by 9.00% to 735 million yuan [2]. Capital Adequacy - As of the reporting period, the core Tier 1 capital adequacy ratio stood at 9.87%, with a Tier 1 capital ratio of 11.67% and a total capital ratio of 14.57%, all meeting regulatory requirements [3]. - Shareholder equity reached 61.058 billion yuan, an increase of 10.50% from the end of the previous year [3]. Earnings Per Share - Basic earnings per share for the first half of 2025 were reported at 0.66 yuan, with diluted earnings per share at 0.65 yuan [4]. Focus on Key Areas - Suzhou Bank actively engages in key sectors such as government finance, technology innovation finance, green finance, cross-border finance, and inclusive finance [5]. - The balance of green loans reached 50.364 billion yuan, with a net increase of 9.133 billion yuan, representing a growth of 22.15% [5]. - The total credit amount for technology innovation enterprises exceeded 130 billion yuan, serving over 13,000 clients [5]. Inclusive Finance and Cross-Border Services - The balance of loans for ordinary small and micro enterprises with a single credit limit of 10 million yuan or less was 68.844 billion yuan, reflecting a growth of 13.51 million yuan [6]. - The international settlement volume surpassed 13.6 billion USD, marking a year-on-year increase of 30%, while cross-border RMB settlement exceeded 14.5 billion yuan, up 53% [6]. Digital Transformation and Risk Management - Suzhou Bank is the first city commercial bank in Jiangsu Province to directly connect with the central bank's digital RMB system, integrating financial technology into its strategic operations [7]. - The bank has established a comprehensive risk management system, with key risk indicators such as non-performing loan ratio and provision coverage ratio ranking among the top tier of listed banks [7]. Subsidiary Integration and Group Synergy - The recent approval for the merger of several village banks is expected to enhance operational efficiency and service capabilities in county markets [8]. - The financing lease balance of Suzhou Financial Leasing Co., Ltd. exceeded 42 billion yuan, while the management scale of Su Xin Fund Management Co., Ltd. surpassed 15 billion yuan, indicating a continuous improvement in the group's integrated operational structure [8]. - In the second half of 2025, the bank plans to maintain a customer-centric integrated operation strategy, focusing on dual engines of "technology innovation + cross-border" and "livelihood + wealth" [8].