Sou Hu Cai Jing·2025-09-15 04:20Core Viewpoint - Bank of Communications reported a high-quality performance in the first half of 2025, achieving growth in both revenue and profit despite industry-wide pressure from narrowing interest margins, making it the only state-owned bank to do so [2][9]. Group 1: Financial Performance - In the first half of 2025, the bank achieved a net interest income of 85.247 billion yuan, a year-on-year increase of 1.2% [2][9]. - The bank's total operating income reached 133.368 billion yuan, up 0.77% year-on-year, while net profit attributable to shareholders was 46.016 billion yuan, reflecting a 1.61% increase [9]. - The bank's interest income was 213.961 billion yuan, a decrease of 6.17% year-on-year, indicating challenges in the interest income segment [11]. Group 2: Asset Quality and Risk Management - As of June 2025, the bank's non-performing loan (NPL) ratio was 1.28%, down 3 basis points from the end of the previous year, with corporate loans showing a significant decline in NPL ratio [14]. - The bank disposed of 37.8 billion yuan in non-performing loans in the first half of 2025, a 27.9% increase year-on-year, indicating proactive risk management [14]. - The bank's provision coverage ratio improved by 7.62 percentage points to 209.56%, enhancing its risk-bearing capacity [16]. Group 3: Strategic Focus Areas - The bank emphasized its commitment to serving the real economy, with total customer loans reaching 9 trillion yuan, a growth of 5.18% from the beginning of the year [3]. - In the technology finance sector, the bank established 23 technology-focused branches in Shanghai and provided over 27 billion yuan in equity investments for tech enterprises [5]. - The bank's green loan balance exceeded 870 billion yuan, reflecting its commitment to supporting sustainable development [6]. Group 4: Digital Transformation - The bank revised its digital finance action plan until 2027, aiming to enhance the adaptability and inclusiveness of its digital financial products [7]. - As of June 2025, the bank's loans to the core digital economy sectors exceeded 286 billion yuan, with internet loans growing by 8.52% year-on-year [7]. Group 5: Market Engagement and Infrastructure - The bank established partnerships with 60 major municipal projects and 118 district-level projects, enhancing its integration into the Shanghai financial market [8]. - The bank achieved over 488 billion yuan in "Bond Connect" transactions and over 491 billion yuan in "Swap Connect" transactions, indicating strong market engagement [8].