AGRICULTURAL BANK OF CHINA(SH:601288) Shang Hai Zheng Quan Bao·2025-08-31 07:13Core Viewpoint - Agricultural Bank of China (ABC) has demonstrated steady financial performance and asset quality improvement in the first half of 2025, with a focus on supporting the rural economy and maintaining stable growth despite industry challenges [2][5][11]. Financial Performance - In the first half of 2025, ABC achieved a net profit of 139.9 billion yuan, a year-on-year increase of 2.53%, and operating income of 369.8 billion yuan, up 0.72% year-on-year [5]. - The growth rates for net profit and operating income improved compared to the first quarter, with increases of 0.7 and 0.4 percentage points, respectively [5]. Asset Quality - As of June 2025, ABC's non-performing loan (NPL) ratio was 1.28%, a decrease of 0.02 percentage points from the beginning of the year, while the overdue rate stood at 1.22%, the lowest among state-owned banks [11][12]. - The bank's provision coverage ratio was 295%, with a provision balance exceeding 1 trillion yuan [11]. Business Development - ABC's county-level loans grew by 9.3% in the first half of 2025, surpassing the overall bank growth rate by 2 percentage points, with a total loan balance of 10.77 trillion yuan [8][9]. - The bank's "Huinong e-loan" product reached a balance of 1.79 trillion yuan, growing at a rate of 19.9% [9]. Strategic Focus - ABC aims to balance scale, pricing, risk, and efficiency in its operations, with a focus on enhancing revenue and maintaining asset quality [6][12]. - The bank is committed to supporting the rural economy and leveraging national policies to drive growth in rural financing [9][10].