Ge Long Hui A P P·2025-09-03 09:32Core Viewpoint - China Bank reported a slight decline in net profit for the first half of the year, indicating a stable yet cautious financial performance amidst a challenging economic environment [1] Financial Performance - The bank achieved a net profit attributable to shareholders of 117.6 billion yuan, a year-on-year decrease of 0.9% [1] - The annualized weighted average ROE was recorded at 9.1% [1] - Total assets reached 36.8 trillion yuan, reflecting a year-on-year growth of 8.5% [1] - Total loans increased by 9.1% year-on-year, while deposits grew by 8.4% [1] Profitability and Asset Quality - Non-interest income contributed to the recovery of profitability, and asset quality remained stable [1] - The bank has maintained a prudent asset-liability expansion strategy and actively engaged in credit issuance, showcasing strong revenue generation and profitability [1] Strategic Development - China Bank continues to adhere to its international development strategy, leveraging its global advantages and utilizing both domestic and international markets for sustainable growth [1] - The bank has capitalized on the relatively high interest rates abroad to enhance group profitability, partially offsetting the pressure from declining domestic interest margins [1] Investment Appeal - In the context of declining risk-free interest rates, China Bank is viewed as a stable dividend-paying stock, with its fixed-income characteristics attracting attention [1] - The bank maintains a "recommended" rating, highlighting its investment potential [1]