Shang Hai Zheng Quan Bao·2025-09-01 18:52Core Viewpoint - Bank of Communications reported a dual growth in revenue and net profit for the first half of 2025, achieving operating income of 133.368 billion yuan, a year-on-year increase of 0.77%, and a net profit attributable to shareholders of 46.016 billion yuan, up 1.61% year-on-year [2] Financial Performance - The total assets of Bank of Communications reached 15.44 trillion yuan by the end of June, an increase of 3.59% from the end of the previous year [3] - The group’s customer loan balance was 9 trillion yuan, growing by 5.18% year-on-year, while customer deposits reached 9.17 trillion yuan, up 4.22% [3] - The non-performing loan ratio improved to 1.28%, a decrease of 0.03 percentage points from the end of the previous year, with a provision coverage ratio of 209.56%, an increase of 7.62 percentage points [3] Capital Strength - On June 17, Bank of Communications completed a private placement of approximately 14.1 billion shares, raising a total of 120 billion yuan, marking the first time the Ministry of Finance injected capital into the bank [4] - The core Tier 1 capital adequacy ratio improved by 1.18 percentage points from the previous year, enhancing the bank's capital adequacy level [4] Strategic Initiatives - The bank is focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, with significant progress reported in each area [5][6] - Technology loans exceeded 1.5 trillion yuan, with loans to technology SMEs growing by 22.93% year-on-year [5] - Inclusive finance saw a 12.96% increase in loans to small and micro enterprises, reaching 852.401 billion yuan [5] Regional Focus - Bank of Communications is leveraging its "Shanghai main stage" strategy to enhance its service capabilities and support regional development, achieving significant results in credit issuance and customer expansion [7][8] - The bank ranked first in the market for the increase in RMB loans in Shanghai, establishing partnerships with 60 major city projects and 118 district projects [8] Innovation and Digitalization - The bank has established 23 technology-focused branches in Shanghai, enhancing its technology finance services [9] - It has also launched a cross-border trade financial service platform, integrating various financial services to support international trade [9][10] Shareholder Returns - The bank's board has approved a mid-year profit distribution plan, proposing a cash dividend of 0.1563 yuan per share, totaling 13.811 billion yuan, which accounts for 30% of the net profit attributable to shareholders [11] - This marks the second consecutive year of mid-year dividends, reflecting the management's confidence in future profitability [11]