Changshu Bank(SH:601128) Jin Tou Wang·2025-09-23 03:21Core Viewpoint - Changshu Bank reported a strong performance in the first half of 2025, with significant increases in revenue and net profit, while also expanding its presence through village banks and strategic acquisitions [1][2]. Financial Performance - The bank achieved an operating income of 6.062 billion yuan, a year-on-year increase of 10.10% [1]. - Net profit attributable to shareholders reached 1.969 billion yuan, reflecting a year-on-year growth of 13.51% [1]. - Total assets as of June 30 reached 401.227 billion yuan, up 9.45% from the beginning of the year [1]. - The non-performing loan ratio stood at 0.76%, a slight decrease of 0.01 percentage points from the start of the year [1]. - The provision coverage ratio was 489.53%, down 10.98 percentage points compared to the beginning of the year [1]. Loan and Revenue Composition - Loans outside Changshu accounted for 68.15% of total loans, an increase of 0.15 percentage points from the beginning of the year [2]. - Revenue from areas outside Changshu made up 66.52% of total operating income [2]. - The pre-provision profit from these regions constituted 66.62% of the total [2]. Strategic Expansion - Changshu Bank is actively pursuing a "village reform and branch" strategy, having announced plans to absorb and merge with several village banks [4]. - The bank's chairman indicated that this strategy aims to deepen the institutional layout within the province and achieve concentrated development at the city level [5]. - As of June 30, total assets of the village banks controlled by Changshu Bank reached 63.91 billion yuan, with total deposits of 55.972 billion yuan and total loans of 43.406 billion yuan [5]. Asset Quality and Risk Management - The non-performing loan ratio for village banks was 1.05%, remaining stable since the beginning of the year [5]. - The provision coverage ratio for village banks increased by 18.94 percentage points to 336.28% [5]. - The bank is focused on maintaining asset quality while expanding its footprint through the village bank model [5].