Nan Fang Du Shi Bao·2025-08-30 08:49Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) reported a total asset exceeding 52 trillion yuan and a revenue of 427.09 billion yuan for the first half of 2025, marking a year-on-year growth of 1.6%, while net profit decreased by 1.5% to 168.80 billion yuan [2][3][4]. Financial Performance - Revenue for the first half of 2025 was 427.09 billion yuan, up 1.6% from the previous year, reversing a decline of -3.22% in the first quarter [3][4]. - Net profit for the same period was 168.80 billion yuan, down 1.5% year-on-year, continuing the downward trend from the first quarter [3][4]. - Net interest income was 313.58 billion yuan, a slight decrease of 0.1% year-on-year, with a net interest margin of 1.3%, down 13 basis points [3][4]. Profit Distribution - ICBC announced a mid-year profit distribution plan, proposing a cash dividend of approximately 503.96 billion yuan, which represents 30.0% of the net profit attributable to shareholders [2][7][8]. Non-Interest Income - Non-interest income reached 113.52 billion yuan, an increase of 6.5% year-on-year, driven by growth in various service fees and commissions [4][5]. - The bank's fee and commission income was 67.02 billion yuan, down 0.6% year-on-year, while income from corporate wealth management increased by 24.5% to 7.21 billion yuan [4][5]. Loan and Asset Quality - As of June 2025, total loans amounted to 30.19 trillion yuan, a year-on-year increase of 6.4% [6]. - The non-performing loan (NPL) ratio was 1.33%, a slight decrease from the end of the previous year, with corporate loans at 1.47% and personal loans at 1.35% [8]. - The bank's core Tier 1 capital adequacy ratio was 13.89%, with a provision coverage ratio of 217.71% [8]. Investment Value - The bank's A/H share dividend yield was approximately 4.2% and 5.8%, which is considered attractive compared to long-term funding costs and other financial products [2][8].