Core Viewpoint - Bohai Bank reported a dual growth in operating income and net profit for the first half of 2025, with significant contributions from non-interest income, despite a slight decline in net interest income due to industry conditions and policy directions [2][3]. Financial Performance - As of June 30, 2025, Bohai Bank's total assets amounted to 1.82 trillion yuan, a decrease of 20.04 billion yuan or 1.09% from the end of the previous year; total liabilities were 1.71 trillion yuan, down 1.34% [2]. - The bank's operating income for the first half of 2025 reached 14.215 billion yuan, an increase of 8.14% year-on-year; net profit was 3.830 billion yuan, up 3.61% [2]. Revenue Structure - The growth in revenue was driven by a combination of interest and non-interest income, with non-interest income showing particularly strong performance. Non-interest income rose to 6.169 billion yuan, an increase of 1.1 billion yuan or 21.81% year-on-year, while net interest income slightly decreased to 8.046 billion yuan, down 0.43% [3]. Net Interest Margin and Asset-Liability Management - The net interest margin stabilized at a low level, recorded at 1.20%, up 0.04 percentage points year-on-year; the net interest yield was 1.32%, down 0.04 percentage points [4]. - The bank's interest expenses decreased from 11.2 billion yuan in the previous year to 10 billion yuan, a reduction of 10.34%, due to optimized deposit structure and declining market interest rates [4]. Asset Quality and Risk Management - The asset quality remained within a reasonable range, with a slight increase in the non-performing loan (NPL) ratio from 1.76% to 1.81%, while the NPL balance rose to 17.269 billion yuan, an increase of 789 million yuan [5]. - The bank's provision coverage ratio improved from 155.19% to 159.7%, indicating enhanced risk buffer capacity [5]. Capital Adequacy - As of June 30, 2025, the capital adequacy ratio, tier 1 capital adequacy ratio, and core tier 1 capital adequacy ratio were 11.24%, 9.31%, and 8.39%, respectively, all meeting regulatory requirements [6].
渤海银行2025年中报：营收净利双增 净利差低位企稳