经营业绩稳、资产质量稳、分红比例稳，沪农商行交出“期中答卷”

Core Viewpoint - Shanghai Rural Commercial Bank demonstrates stable growth and strong financial performance in the first half of 2025, with a focus on high dividend distribution and effective market value management [1][2][3] Financial Performance - In H1 2025, the bank achieved operating income of 13.444 billion yuan, with a year-on-year increase of 0.38% after excluding non-recurring gains and losses [1] - The net profit attributable to shareholders reached 7.013 billion yuan, reflecting a year-on-year growth of 6.69% after excluding non-recurring gains and losses [1] - The bank maintained a non-performing loan ratio of 0.97% and a provision coverage ratio of 336.55% as of June 30, 2025 [1][4] Dividend Policy - The bank announced a cash dividend of 2.41 yuan per 10 shares (before tax), totaling 2.324 billion yuan, with a mid-term dividend payout ratio of 33.14%, an increase of 7 basis points from 2024 [2] - Since its listing in 2021, the bank has consistently maintained a cash dividend ratio of over 30% of the annual net profit, showcasing its strong profit realization capability [2] Market Recognition - The bank was included in the CSI 300 Index and the SSE 180 Index, reflecting its stable development and effective market value management [2][3] - The inclusion in core capital market indices enhances the bank's brand influence and provides new momentum for future market value management [3] Asset Quality and Capital Adequacy - The bank's core tier 1 capital adequacy ratio, tier 1 capital adequacy ratio, and total capital adequacy ratio were 14.52%, 14.55%, and 16.90%, respectively, as of June 30, 2025, indicating a strong capital buffer [4] - The bank's proactive management of deposit maturity structure has led to a decrease in average interest rate to 1.57%, down 26 basis points year-on-year [3][4] Customer-Centric Services - The bank aims to create value for customers through a comprehensive financial service system, achieving a total of 345,600 corporate clients and a public loan balance of 495.929 billion yuan as of June 30, 2025 [5] - In the inclusive finance sector, the bank reported a balance of inclusive small and micro loans of 91.347 billion yuan, a year-on-year increase of 5.47% [5] Innovation in Financial Services - The bank has developed a "1+N" platform service model for technology enterprises, providing comprehensive support including resource integration and policy connection [6] - The bank's green finance initiatives have led to a green finance asset scale exceeding 100 billion yuan, aligning with national carbon neutrality goals [7] Social Responsibility - The bank emphasizes emotional value in its services, focusing on social value realization alongside economic returns, particularly in the elderly finance sector [8] - The "Heart Home" public service project aims to enhance the quality of life for the elderly, with over 1,000 service stations established across the city [8] Future Outlook - The bank is committed to continuing its strategy of creating value for customers while enhancing its service to the real economy and deepening its specialized operations [9]