Core Viewpoint - Agricultural Bank of China expresses confidence in its operational performance for the second half of the year, highlighting stable growth in financial performance, asset quality, and business development in the first half of 2025 [2][3]. Financial Performance - The bank achieved a net profit of 139.5 billion yuan, a year-on-year increase of 2.66%, and operating income of 369.8 billion yuan, up 0.85% year-on-year [3]. - The non-performing loan (NPL) ratio stood at 1.28%, down 2 basis points from the beginning of the year, while the overdue loan ratio remained low at 1.22% [3]. Asset Quality - The bank reported a stable asset quality, with a focus on managing risks in the real estate sector and local government debt [4]. - The NPL ratio for real estate loans decreased by 0.05 percentage points since the beginning of the year, indicating effective risk management [4]. - The overall risk in retail loans is controllable, with slight increases in personal and inclusive loan NPL ratios aligning with industry trends [4]. Business Development - The bank's loan growth was robust, with an increase of 1.82 trillion yuan, a growth rate of 7.3%, and a notable 9.3% growth in county loans [4]. - Total customer deposits increased by 2.6 trillion yuan, with personal deposits growing by 7.8%, reflecting a strong deposit base [4]. Focus on "Three Rural Issues" - The bank emphasized its commitment to serving the "three rural issues" (agriculture, rural areas, and farmers), with rural loans surpassing 10 trillion yuan, accounting for 40.9% of domestic loans [6][7]. - The "惠农e贷" product saw a balance of 1.79 trillion yuan, with a growth rate of 19.9% [6]. Strategic Outlook - The bank plans to maintain strategic focus and respond to external uncertainties by enhancing revenue and managing risks effectively [8][9]. - It aims to balance growth in scale and pricing, cost and revenue, as well as risk and profitability to ensure sustainable development [9][10]. Net Interest Margin - The bank anticipates a stabilization in net interest margin in the second half of the year, despite downward pressure on loan interest rates due to LPR declines [10].