3 6 Ke·2025-09-25 10:53Core Viewpoint - In the first half of 2025, Everbright Bank faced pressure on net interest margin and declining fee income, but investment income increased by 33.41%, contributing to a slight growth in net profit [1][9]. Financial Performance - For the first half of 2025, Everbright Bank reported operating income of 65.918 billion yuan, a year-on-year decrease of 5.57%, and a net profit attributable to shareholders of 24.741 billion yuan, a year-on-year increase of 0.53% [1][9]. - The net interest margin was 1.40%, down 0.14 percentage points from the end of the previous year, falling below the commercial bank warning line of 1.80% [10][1]. - Investment net income reached 10.377 billion yuan, accounting for 15.74% of total revenue, with significant growth in various components of investment income [11][13]. Asset Quality - As of the end of June 2025, the non-performing loan balance was 50.915 billion yuan, with a non-performing loan ratio of 1.25%, unchanged from the end of the previous year [1][9]. - The provision coverage ratio was 172.47%, down 8.12 percentage points from the end of the previous year [1]. Retail Banking and Real Estate Loans - Retail banking revenue for the first half of 2025 was 25.538 billion yuan, down 10.59% year-on-year, with total profit from retail banking accounting for only 3% of total profit [13]. - Real estate loans amounted to 76.148 billion yuan, with a year-to-date increase of 21.088 billion yuan, and the non-performing loan ratio for corporate real estate loans was 4.49% [15]. Historical Performance Trends - From 2022 to 2024, Everbright Bank's operating income showed a continuous decline, with year-on-year growth rates of -0.73%, -3.92%, and -7.05% respectively [3][6]. - The annualized weighted average return on equity (ROE) decreased from 10.27% in 2022 to 7.93% in 2024, indicating ongoing pressure on profitability [6].