Xin Lang Cai Jing·2025-09-05 12:05Core Viewpoint - Agricultural Bank released its mid-year performance report for 2025, showing improvements in revenue and net profit growth, alongside stable asset quality indicators [1] Group 1: Financial Performance - Net commission and fee income improved year-on-year: In Q2 2025, Agricultural Bank's revenue grew by 1.4% year-on-year, and net profit attributable to shareholders increased by 3.2%, indicating a recovery in growth rates. For the first half of 2025, revenue growth was 0.8%, and net profit growth was 2.7 [1] - Asset growth remains high, with county loans accounting for 40.9%: As of the end of the first half of 2025, the bank's total assets grew by 11.6% year-on-year, with loans increasing by 9.9% and financial investments by 12.3%. The proportion of county loans in domestic loans rose to 40.9% [1] Group 2: Asset Quality - Asset quality indicators remained stable: As of the end of the first half of 2025, the non-performing loan (NPL) ratio was 1.28%, unchanged from Q1 2025. The corporate NPL ratio was 1.45%, lower than the end of the previous year; the operating loan NPL ratio was 1.7%, up by 31 basis points from the end of the previous year; and the credit card NPL ratio was 1.51% [1] Group 3: Profit Forecast and Investment Suggestions - Profit forecasts and investment recommendations: In the first half of 2025, Agricultural Bank maintained high asset growth, with significant revenue growth in wealth management-related businesses such as wealth management and fund distribution. Asset quality indicators remained stable. The company proposed a mid-term dividend of 0.1195 yuan per share, with a dividend payout ratio [1]