兴业银行: 兴业银行2025年中期审阅报告

Core Viewpoint - The report presents the interim financial statements of Industrial Bank Co., Ltd. for the six months ending June 30, 2025, highlighting the bank's financial performance and compliance with accounting standards [2][3]. Company Overview - Industrial Bank Co., Ltd. was established on July 20, 1988, as a joint-stock commercial bank approved by the People's Bank of China. It went public on February 5, 2007, with the stock code [2]. - The bank's operations include accepting public deposits, issuing loans, conducting domestic and international settlements, and providing various financial services [2]. Financial Reporting Basis - The interim financial statements are prepared in accordance with the Accounting Standards for Business Enterprises No. 32, reflecting the financial position and performance of the bank and its subsidiaries as of June 30, 2025 [2][3]. Compliance with Accounting Standards - The financial statements comply with the requirements set forth by the China Securities Regulatory Commission regarding the disclosure of financial statements and notes [2][3]. Consolidation Scope - The report includes the financial data of the bank and its subsidiaries, detailing their respective ownership percentages and capital contributions [2][4]. Key Financial Metrics - As of June 30, 2025, the bank reported cash and cash equivalents of RMB 5,321 million, with a statutory reserve deposit of RMB 307,884 million [6][7]. - The bank's total loans and advances amounted to RMB 5,777,965 million, with a provision for loan losses of RMB 143,707 million [12][13]. Derivative Financial Instruments - The bank engages in derivative financial instruments for risk management, with nominal amounts for interest rate derivatives at RMB 9,564,996 million and fair value losses of RMB 31,039 million [8][9]. - The total nominal amount of derivatives is RMB 13,526,619 million, with a fair value of RMB 60,126 million [8][9]. Fair Value Hedge - The bank utilizes fair value hedges to mitigate risks associated with market interest rate fluctuations, with specific instruments such as interest rate swaps and futures contracts [11][12].