Zhi Tong Cai Jing·2025-08-29 16:52Core Insights - Agricultural Bank of China (601288.SH) reported a total operating income of 369.937 billion RMB for the first half of 2025, with a net profit attributable to shareholders of 139.51 billion RMB, reflecting a year-on-year growth of 2.66% [1][2] - The bank's board proposed a cash dividend of 1.195 RMB per share, totaling 41.823 billion RMB, to be distributed to ordinary shareholders [1] Financial Performance - As of June 30, total assets reached 46.9 trillion RMB, an increase of 3.6 trillion RMB from the end of the previous year, with total loans and advances amounting to 26.73 trillion RMB, up by 1.82 trillion RMB [2] - The bank's liabilities totaled 43.7 trillion RMB, with customer deposits increasing by 2.6 trillion RMB, maintaining a deposit deviation rate below 3% for five consecutive quarters [2] - The non-performing loan (NPL) ratio stood at 1.28%, a decrease of 0.02 percentage points from the end of the previous year, while the overdue loan ratio was 1.22% [2] - The bank's provision coverage ratio was 295%, indicating a robust risk management framework [2] Loan Growth and Sector Focus - County loans increased by 916.4 billion RMB, with the total balance stabilizing at 10 trillion RMB, accounting for 40.9% of domestic loans [3] - Loans related to food security and essential agricultural products reached a balance of 1.24 trillion RMB, growing at a rate of 23.7% [3] - The bank supported rural revitalization efforts, with loan balances for key poverty alleviation counties and "three regions and three states" areas at 475.8 billion RMB and 479.7 billion RMB, respectively, both exceeding the overall loan growth rate [3] - Loans for rural industries and construction amounted to 2.7 trillion RMB and 2.44 trillion RMB, with growth rates of 21.3% and 8.5%, respectively, surpassing the bank's overall growth rates [3] - The "Huinong e-loan" product for farmers reached a balance of 1.79 trillion RMB, with a growth rate of 19.9% [3]