Zheng Quan Ri Bao·2025-08-30 04:12Core Viewpoint - The Bank of Communications reported a resilient performance in the first half of 2025, with revenue and net profit showing slight year-on-year growth, while maintaining a stable asset quality and focusing on risk management and support for the real economy [2][3]. Financial Performance - In the first half of 2025, the Bank of Communications achieved revenue of 133.368 billion yuan and a net profit attributable to shareholders of 46.016 billion yuan, representing year-on-year growth of 0.77% and 1.61% respectively [2]. - As of the end of June, the bank's total assets reached 15.44 trillion yuan, with a non-performing loan (NPL) ratio of 1.28%, a decrease of 0.03 percentage points from the end of the previous year [2]. Loan Growth and Strategy - The bank's loan balance approached 9 trillion yuan by the end of June, increasing by 443.4 billion yuan (5.18%) compared to the end of 2024, with a year-on-year increase of 132.7 billion yuan [3]. - The growth in corporate loans was particularly strong, with an increase of 118.8 billion yuan year-on-year, focusing on key sectors such as manufacturing, small and micro enterprises, and private businesses [3]. Credit Demand and Interest Margin - Credit demand weakened in the second quarter compared to the first quarter, leading to a slowdown in corporate loan growth [4]. - The bank expects the decline in interest margins to gradually narrow, as the reduction in deposit rates will positively impact the stability of interest margins over time [4]. Asset Quality Management - The bank has intensified efforts to recover and manage non-performing loans, with a total of 37.8 billion yuan in non-performing loans disposed of in the first half of the year, a year-on-year increase of 27.9% [5]. - The bank is particularly focused on managing asset quality in the real estate sector, retail, and small business loans, with plans to enhance risk management through digital and AI technologies [5]. Wealth Management and Investment Products - Following the reduction in deposit rates in May, there has been a noticeable shift of funds back into wealth management products, with the bank's wealth management product sales reaching 151.692 billion yuan in June, a month-on-month increase of 1.73% [6]. - The bank plans to enhance its wealth management offerings by diversifying product categories, improving customer coverage, and strengthening asset allocation capabilities [6].