Bank Of Guiyang(SH:601997) Chang Jiang Shang Bao·2025-08-31 22:40Core Viewpoint - Guiyang Bank's performance continues to be under pressure due to declining interest rates and bond market volatility, resulting in a decrease in both revenue and net profit for the first half of 2025 [2][3][4]. Financial Performance - In the first half of 2025, Guiyang Bank reported operating income of 6.5 billion yuan, a year-on-year decrease of 12.22% [2][3]. - The net profit attributable to shareholders was 2.474 billion yuan, down 7.2% year-on-year [2][3]. - The bank's net interest income was 4.92 billion yuan, reflecting a decline of 15.26% compared to the previous year [4]. Comparison with Peers - Guiyang Bank has experienced a continuous decline in revenue and net profit for two and a half years, with the lowest revenue growth rate among A-share listed banks in the first half of 2025 [2][3]. - Among 42 listed banks, 30 reported positive revenue growth, while Guiyang Bank's performance lagged behind, with only a slight improvement over Huaxia Bank [3]. Loan Quality and Risk - As of June 30, 2025, the non-performing loan (NPL) ratio was 1.70%, an increase of 0.12 percentage points from the beginning of the year, marking the highest level since the bank's listing [7][9]. - The bank's loans to the real estate sector amounted to 52.763 billion yuan, accounting for 15.36% of total loans, with the NPL ratio for real estate loans rising from 1.05% to 1.75% [8]. Non-Interest Income and Cost Management - Non-interest income for the first half of 2025 was 1.58 billion yuan, a decrease of 1.22% year-on-year, while net income from fees and commissions increased by 5.7% to 191 million yuan [5]. - The bank managed to reduce operating costs, with total business and management expenses decreasing by 4.53% to 1.754 billion yuan [5]. Asset and Deposit Growth - As of June 30, 2025, total assets reached 741.536 billion yuan, an increase of 5.08% from the beginning of the year, while total loans grew by 1.27% to 343.461 billion yuan [7]. - Total deposits amounted to 433.770 billion yuan, reflecting a growth of 3.47%, with savings deposits contributing significantly to the total [7].