Core Viewpoint - Tianjin Bank reported a slight increase in revenue and net profit for the first half of 2025, but faced challenges in various business segments, including a significant decline in fee income and investment returns [1][8]. Financial Performance - For the first half of 2025, Tianjin Bank achieved operating income of 8.828 billion RMB, a year-on-year increase of 0.82% [1][2]. - The net profit attributable to shareholders was 1.988 billion RMB, reflecting a growth of 1.11% compared to the previous year [1][2]. - The bank's total assets reached 965.67 billion RMB, marking a 4.3% increase from the end of the previous year [2][8]. - The total liabilities amounted to 895.76 billion RMB, up 4.6% year-on-year [2]. Asset Quality - As of June 30, 2025, the non-performing loan (NPL) ratio remained stable at 1.70%, unchanged from the end of the previous year [3][5]. - The provision coverage ratio improved to 171.29%, an increase of 2.08 percentage points from the previous year [3][5]. Income Breakdown - Interest income for the first half of 2025 was 15.143 billion RMB, down 5.1% from the previous year [4]. - Net interest income decreased by 1.8% to 5.923 billion RMB [4]. - Investment income fell to 1.267 billion RMB, a decline of 15.5% year-on-year, primarily due to a strategic shift in investment structure [3][4]. Business Challenges - The bank's intermediary business income saw a significant drop, with net fee and commission income decreasing by 26.9% [8]. - The individual loan business experienced a notable contraction, leading to the largest decline among listed city commercial banks [8]. - Despite efforts to enhance collaboration through investments, the expected synergistic effects have yet to materialize [8].
天津银行换帅后业绩三连升 营收增速三连降H1仅0.8%