ZHENGZHOU BANK(SZ:002936) 华尔街见闻·2025-09-03 09:59Core Viewpoint - Zhengzhou Bank has successfully transformed its performance in the first half of 2025, achieving a revenue of 6.69 billion yuan and a net profit of 1.63 billion yuan, with year-on-year growth rates of 4.64% and 2.10% respectively, marking it as the fastest profit growth among A-share listed banks this year [1][2]. Financial Performance - The bank's net interest income increased by 1.04% to 5.35 billion yuan, while non-interest income surged over 20% to 1.34 billion yuan, indicating a positive change in revenue structure [2]. - The asset quality remains stable, with a non-performing loan ratio decreasing by 0.03 percentage points from the end of the previous year, and a provision coverage ratio of 179.20% and a capital adequacy ratio of 11.85%, all meeting regulatory requirements [2]. Asset Growth - Zhengzhou Bank's total assets grew significantly, reaching 700 billion yuan in the first quarter of 2025, with an asset growth rate of 11.47%, the highest since 2018 [4][6]. - The time taken to cross the 100 billion yuan asset milestone has been reduced from 3 years to 2 years, reflecting the bank's enhanced comprehensive strength and service capabilities [6]. Loan and Credit Structure - As of June, the total amount of loans and advances reached 406.09 billion yuan, a growth of 4.75% since the beginning of the year, with corporate and retail loan balances increasing by 2.11% and 3.96% respectively [7]. - The bank employs a "one enterprise, one policy" approach to provide tailored support for struggling businesses, showcasing its commitment to stabilizing local economic development [8]. Retail Transformation - The bank has made significant strides in retail transformation, focusing on citizen and rural finance, with a balance of inclusive small and micro loans reaching 52.58 billion yuan and over 70,000 clients benefiting from these loans [9]. Risk Management and Efficiency - The bank's net interest margin stands at 1.64%, exceeding the average of city commercial banks by 0.27 percentage points, while the non-performing loan ratio has decreased to 1.76% [12]. - The bank has achieved a reduction in total business and management expenses by 6.82%, effectively releasing profit space through refined management practices [13]. Future Outlook - Zhengzhou Bank aims to continue its commitment to serving the real economy and enhancing financial support for regional development, with a focus on reform and innovation to further strengthen its capital base [13].