Sou Hu Cai Jing·2025-09-02 06:58Core Insights - The company has experienced fluctuations in revenue and net profit growth rates over the years, with significant changes noted in 2025 [11][12][18]. Financial Performance - In the first half of 2025, the company's average return on equity was 4.19%, a decrease of 0.28 percentage points compared to the same period last year [18]. - The company's operating cash flow net amount was 786.317 billion, while financing cash flow net amount was 536.328 billion, and investment cash flow net amount was -1,177.672 billion [21]. Asset Changes - As of the first half of 2025, the company's monetary funds decreased by 8.04%, and the proportion of total assets fell by 0.97 percentage points [26]. - Financial assets purchased under resale agreements increased by 46.47%, with its proportion of total assets rising by 0.91 percentage points [26]. - Loans and advances increased by 6.37%, but its proportion of total assets decreased by 0.42 percentage points [26]. - Derivative financial assets decreased by 42.33%, with its proportion of total assets falling by 0.21 percentage points [26]. Liability Changes - As of the first half of 2025, the company's bonds payable increased by 28.13%, raising its proportion of total assets by 0.81 percentage points [30]. - Deposits and interbank deposits increased by 6.71%, but its proportion of total assets decreased by 0.34 percentage points [30]. - Derivative financial liabilities decreased by 41.75%, with its proportion of total assets falling by 0.18 percentage points [30]. - Financial assets sold under repurchase agreements increased by 13.33%, raising its proportion of total assets by 0.18 percentage points [30]. Historical Trends - The company has shown a trend in revenue and net profit growth rates, with notable fluctuations in the years 2020 to 2025 [11][12][18]. - The historical asset-liability ratio has been tracked, showing variations compared to industry averages and medians [32].