Bank Of Guiyang(SH:601997) Chang Jiang Shang Bao·2025-09-01 05:23Core 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 [1][3][4]. Financial Performance - In the first half of 2025, Guiyang Bank achieved operating income of 6.5 billion yuan, a year-on-year decrease of 12.22% [1][3]. - The net profit attributable to shareholders was 2.474 billion yuan, down 7.2% year-on-year [1][3]. - This marks the continuation of a downward trend in revenue and net profit for two and a half years since 2023 [3]. Revenue Breakdown - Net interest income for the first half of 2025 was 4.92 billion yuan, a decrease of 15.26% year-on-year [4]. - Non-interest income was 1.58 billion yuan, a decline of 1.22% compared to the previous year [4][5]. - The bank's fee and commission income increased by 5.7% to 191 million yuan [5]. Asset Quality - 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, the highest level since the bank's listing [7][8]. - The NPL ratio for loans to the real estate sector rose from 1.05% at the end of 2024 to 1.75% [8]. Loan and Deposit Growth - Total assets reached 741.54 billion yuan, an increase of 5.08% from the beginning of the year [7]. - Total loans amounted to 343.46 billion yuan, growing by 1.27% [7]. - Total deposits were 433.77 billion yuan, up 3.47% from the start of the year [7]. Operational Efficiency - The bank managed to reduce operating costs, with business and management expenses decreasing by 4.53% to 1.754 billion yuan [5]. - Employee wages and benefits decreased by 2.68% to 1.17 billion yuan [5].