Mei Ri Jing Ji Xin Wen·2025-09-05 12:12Core Viewpoint - The performance of A-share listed banks in the first half of 2025 shows a "steady progress" with a total revenue of approximately 2.92 trillion yuan and a net profit of about 1.1 trillion yuan, indicating resilience amid challenges such as narrowing interest margins and risk management [1][12]. Revenue and Profit Performance - A-share listed banks collectively maintained stable revenue growth, with over 60% of the 42 banks reporting increases in both revenue and net profit [2][5]. - The six major state-owned banks played a crucial role, achieving a combined revenue of 1.8 trillion yuan and a net profit of 684.1 billion yuan [2]. - Notable revenue growth was observed in several joint-stock banks, with Shanghai Pudong Development Bank and Minsheng Bank reporting increases of 2.62% and 7.83% respectively [4]. - Regional city commercial banks and rural commercial banks also showed strong revenue performance, with Chengdu Bank and Ningbo Bank achieving growth rates of 5.91% and 7.91% respectively [4]. Profitability Trends - Despite revenue growth, many banks faced challenges in translating this into profit, with several banks experiencing "revenue growth without profit growth" [4][5]. - Major banks like ICBC and CCB saw a decline in net profit, with ICBC reporting a decrease of 1.45% [5]. - Among joint-stock banks, Shanghai Pudong Development Bank reported a net profit increase of 9.42%, while others like Huaxia Bank and Minsheng Bank experienced declines [7]. Net Interest Margin Analysis - The net interest margin (NIM) for listed banks generally faced pressure, with significant declines noted across major banks [8][11]. - ICBC's NIM fell to 1.30%, down 13 basis points from the previous year, while CCB's NIM decreased by 14 basis points to 1.40% [8]. - Some regional banks maintained relatively stable NIMs, such as Ningbo Bank with a NIM of 1.76%, only down 11 basis points [11]. Future Outlook - The banking sector is expected to continue focusing on high-quality development, with strategies including optimizing asset allocation and enhancing risk management [12]. - The outlook for the second half of 2025 is positive, with expectations of improved profitability driven by economic recovery and digital transformation initiatives [12].