Nan Fang Du Shi Bao·2025-09-02 04:53Core Insights - The six major state-owned banks in China reported mixed performance in their mid-year results for 2025, with total assets exceeding 200 trillion yuan and a combined net profit of 693.9 billion yuan, averaging a daily profit of 3.8 billion yuan [1][4]. Financial Performance - All six banks achieved revenue growth year-on-year, with China Bank leading at 3.76% and Construction Bank following at 2.15%, while net profit showed a "three up, three down" trend [2][3]. - Agricultural Bank recorded the highest net profit growth at 2.53%, while Industrial and Commercial Bank, Construction Bank, and China Bank experienced declines in net profit ranging from -1% to -2% [2][3]. Asset Quality and Risk Management - By the end of June 2025, the non-performing loan (NPL) ratio for the six banks decreased, with Postal Savings Bank being the only bank to see an increase, maintaining the lowest NPL ratio at 0.92% [9][10]. - The provision coverage ratio for non-performing loans varied, with China Bank's ratio falling below 200%, while Agricultural Bank maintained the highest at 295% [11][12]. Capital Adequacy and Dividends - The core Tier 1 capital adequacy ratio showed mixed results, with three banks increasing their ratios and three decreasing, while all banks maintained a ratio above 10% [12][13]. - The six banks proposed a total interim dividend of 204.66 billion yuan, with each bank distributing 30% of their net profit as cash dividends [12][14]. Interest Margin and Fee Income - The net interest margin continued to decline across the banks, with Postal Savings Bank having the highest margin at 1.7%, despite a year-on-year decrease [5][6]. - Fee and commission income showed growth for four banks, with Postal Savings Bank leading at an increase of 11.59%, while Industrial and Commercial Bank and Construction Bank saw declines [7].