Core Insights - Bohai Bank reported growth in both operating income and net profit for the first half of 2025, with significant contributions from non-interest income, although net interest income slightly declined due to industry conditions and policy directions [1][2] Financial Performance - As of June 30, 2025, Bohai Bank's total assets were CNY 1.82 trillion, a decrease of CNY 200.40 billion or 1.09% from the end of the previous year; total liabilities were CNY 1.71 trillion, down 1.34% [2] - The bank's core profitability indicators showed positive growth, with operating income reaching CNY 14.215 billion, an increase of 8.14% year-on-year, and net profit of CNY 3.830 billion, up 3.61% [2] - Non-interest income grew significantly, rising from CNY 5.065 billion in the same period last year to CNY 6.169 billion, marking an increase of CNY 1.1 billion or 21.81% [2][3] Income Structure - The proportion of non-interest income in total operating income increased to 43.4%, up 4.5 percentage points from the previous year, driven by initiatives in supply chain ecosystems, intelligent treasury systems, and enhanced cross-border financial services [3] Net Interest Margin - The net interest margin for the first half of 2025 was 1.20%, up 0.04 percentage points year-on-year, while the net interest yield was 1.32%, down 0.04 percentage points [4] - The bank focused on optimizing its liability structure and reducing interest costs, with interest expenses decreasing from CNY 11.2 billion in the previous year to CNY 10 billion, a reduction of 10.34% [4] Asset Quality - Bohai Bank maintained a reasonable asset quality, with a slight increase in the non-performing loan (NPL) ratio from 1.76% at the end of the previous year to 1.81% [6] - The NPL balance rose to CNY 17.269 billion, an increase of CNY 789 million [6] Risk Management - The bank's provision coverage ratio improved from 155.19% at the end of the previous year to 159.7%, with loan impairment provisions reaching CNY 27.579 billion, an increase of CNY 2.005 billion [7] - Capital adequacy ratios remained robust, with total capital adequacy ratio at 11.24%, tier 1 capital ratio at 9.31%, and core tier 1 capital ratio at 8.39%, all meeting regulatory requirements [7]
渤海银行2025年中报：营收净利双增，净利差低位企稳