QILU BANK(SH:601665) Zheng Quan Ri Bao Zhi Sheng·2025-09-04 16:10Core Viewpoint - Qilu Bank has demonstrated solid performance in the first half of 2025, focusing on prudent management and optimizing its business structure, leading to significant growth in both scale and profitability [1][2]. Financial Performance - Total assets increased by 8.96% year-on-year, reaching 751.305 billion yuan, with total loans growing by 10.16% and total deposits by 8.88% [1]. - Operating income rose to 6.782 billion yuan, a year-on-year increase of 5.76%, while net profit attributable to shareholders reached 2.734 billion yuan, up 16.48% [1]. - The net interest margin stabilized at 1.53%, reflecting a 2 basis point increase from 2024, indicating effective interest margin management [1][2]. Asset Quality - The non-performing loan ratio improved to 1.09%, down 0.10 percentage points from the end of the previous year, while the coverage ratio for provisions increased significantly to 343.24%, up 20.86 percentage points [3]. - The bank's loan distribution remains stable, with a notable decrease in the non-performing loan ratio in the manufacturing sector, attributed to effective risk management practices [3]. Growth in Specialized Financial Services - Qilu Bank has made significant strides in technology and green finance, with loans to technology enterprises reaching 40.812 billion yuan, a 17.60% increase, and green loans totaling 43.692 billion yuan, up 30.03% [4][5]. - The bank has implemented a comprehensive ESG risk management system and introduced innovative products like sustainable development-linked loans [5]. Retail and County Financial Services - Retail banking has seen substantial growth, with personal deposits increasing by 9.27% to 241.283 billion yuan and personal financial assets rising by 8.64% to 320.809 billion yuan [6]. - The bank has expanded its presence in county-level financial services, with 87 county branches and a customer base of 2.3608 million, reflecting a 5.15% growth [7]. Future Growth Potential - Qilu Bank has successfully converted 7.993 billion yuan of convertible bonds into common stock, enhancing its capital strength and core tier one capital ratio [8]. - The bank aims to align with national and regional development plans, focusing on specialized industries, retail transformation, and digital empowerment to drive high-quality growth [8].