Xin Lang Cai Jing·2025-08-29 14:04Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) reported a stable revenue growth in the first half of 2025, with a total revenue of 409.1 billion yuan, marking a year-on-year increase of 1.8%, and a net profit attributable to shareholders of 168.1 billion yuan, down 1.4% year-on-year [1][2]. Revenue Performance - The bank's revenue growth is seen as a sign of stabilization and turning point, with three out of the last four quarters showing positive year-on-year revenue growth [2]. - Interest income, which is a significant part of the bank's revenue, remained stable, with a slight decrease of 0.1%, indicating a strong support for overall revenue [2]. - Non-interest income reached 95.5 billion yuan, with net fee and commission income at 67 billion yuan, down 0.6%, while other non-interest income grew by 38% [2]. Net Interest Margin - The net interest margin (NIM) decreased to 1.3%, with a year-on-year decline of 12 basis points, but the decline has narrowed by 6 basis points compared to the previous year [3][4]. - The bank's strategies in managing asset-liability duration and controlling funding costs have contributed to the stabilization of the NIM [3]. Future Outlook - The bank's management expressed confidence that the downward trend in NIM will continue to narrow in the second half of the year [4]. - The bank plans to accelerate the exploration of comprehensive financial solutions, enhance digital capabilities, and optimize its diversified structure to support new business areas [1]. AIC Equity Investment - The bank's AIC equity investment has signed intention agreements exceeding 150 billion yuan, with 28 funds established and a total subscription amount of over 33 billion yuan [6]. - Future plans include increasing investment in emerging industries and enhancing the bank's investment capabilities [6][7]. - The bank aims to deepen the integration of lending and investment, innovate risk control mechanisms, and support high-quality development [7].