Chang Jiang Shang Bao·2025-09-08 02:31Core Viewpoint - The banking sector in the A-share market is experiencing significant momentum, with Agricultural Bank of China (ABC) leading in market capitalization and performance among its peers [4][5]. Market Performance - As of September 4, 2025, ABC's total market capitalization reached 2.55 trillion yuan, surpassing Industrial and Commercial Bank of China (ICBC) for the first time [4][5]. - By September 5, 2025, ABC's market capitalization was 2.48 trillion yuan, maintaining its position as the highest in A-shares, with a year-to-date increase of 43% [5][6]. - Among 42 listed banks in A-shares, 39 have seen positive stock price growth in 2025, with over 20 banks experiencing increases exceeding 10% [6]. Financial Performance - In the first half of 2025, ABC reported operating income of 369.94 billion yuan, a year-on-year increase of 0.85%, and net profit of 139.51 billion yuan, up 2.66%, making it the only state-owned bank to achieve growth in both metrics [8][9]. - The bank's total assets reached 46.9 trillion yuan, with loans and advances totaling 26.73 trillion yuan, reflecting a growth of 1.82 trillion yuan from the previous year [9][10]. Agricultural Focus - ABC has positioned itself as a leading bank for rural revitalization and support for the real economy, with county loans increasing by 916.4 billion yuan, reaching a total of 10 trillion yuan, accounting for 40.9% of domestic loans [10][11]. - The bank's loans in key agricultural supply areas amounted to 1.24 trillion yuan, with a growth rate of 23.7% [10]. Dividend Distribution - The six major state-owned banks plan to distribute a total of 204.7 billion yuan in cash dividends in the first half of 2025, with ABC's share being 418.23 billion yuan [11][12].