Zheng Quan Shi Bao Wang·2025-08-29 10:32Core Viewpoint - China Merchants Bank (招商银行) reported a slight decline in revenue but a modest increase in net profit for the first half of 2025, indicating a potential recovery in profitability [1] Financial Performance - The bank achieved an operating income of nearly 170 billion yuan, a year-on-year decrease of 1.7% [1] - The net profit attributable to shareholders grew by 0.3% to 74.93 billion yuan, with a positive turnaround in growth rate compared to the previous quarter [1] Asset Management and Retail Banking - As of the end of June, the total assets under management (AUM) for retail clients exceeded 16 trillion yuan, reflecting a growth of 7.4% since the beginning of the year [1] - Retail customer deposits surpassed 4 trillion yuan, marking a 5% increase from the start of the year [1] - Retail financial services contributed over 55% to both the bank's revenue and profit during the first half of the year [1]