2 1 Shi Ji Jing Ji Bao Dao·2025-09-03 08:16Core Viewpoint - Minsheng Bank emphasizes a strategy of avoiding "involution" competition, focusing on high-quality and sustainable development through strategic execution and customer-centric approaches [1][2]. Financial Performance - In the first half of 2025, Minsheng Bank reported a total operating income of 72.384 billion yuan, a year-on-year increase of 7.83%, with both net interest income and non-interest income showing growth [1]. - The net interest margin for the bank was 1.39%, reflecting a slight year-on-year increase of 1 basis point despite overall industry pressure [1][7]. Strategic Focus - The bank is committed to deepening customer management and enhancing services to the real economy, with a focus on strategic customer groups that have reached a loan and deposit scale of 12 trillion yuan and 15 trillion yuan, respectively [1][2]. - Minsheng Bank's strategy includes a focus on five key areas to balance quantity, price, and quality instead of pursuing extensive scale expansion [2]. Retail Business Growth - The retail business has shown significant growth, with the number of strategic customers increasing by 36.62% year-on-year, and the financing balance reaching 374.319 billion yuan [2][4]. - The bank's retail assets under management (AUM) have seen substantial growth, with the AUM for clients with over 20,000 yuan exceeding the total increase for the previous year [5][6]. Asset and Liability Management - The bank is focusing on optimizing asset quality and managing liabilities effectively, with a decrease in interest-bearing liabilities cost to 1.93%, down 34 basis points from the beginning of the year [2][8]. - The non-performing loan (NPL) ratio stood at 1.48%, with a slight increase of 0.01 percentage points from the end of the previous year, while the real estate sector showed improvement with a reduction in NPLs [8]. Future Outlook - Minsheng Bank plans to continue enhancing customer management and accelerating digital transformation to promote high-quality development in the second half of the year [9]. - The bank has proposed a mid-term dividend plan, intending to distribute a cash dividend of 1.36 yuan per 10 shares to shareholders [9].