Financial Performance - In the first half of 2025, the net income from fees and commissions was CNY 12.7 billion, a decrease of 2.0% year-on-year [2] - Credit card circulation reached 45.39 million accounts, with total consumption amounting to CNY 989.8 billion [2] - The supply chain finance financing amount was CNY 911.3 billion, an increase of 25.6% year-on-year [4] Credit Card Business - New customer acquisition for credit cards increased year-on-year, with a focus on high-quality customer selection [2] - The bank launched new credit card products targeting young customers and enhanced services for car owners and wealth clients [2] Digital Platform Operations - As of June 2025, the registered users of the Ping An Pocket Bank APP reached 177.6 million, a 2.0% increase from the previous year [3] - Monthly active users (MAU) stood at 38.75 million [3] Asset Quality Management - In the first half of 2025, the bank wrote off CNY 25.6 billion in loans and recovered CNY 18.6 billion in non-performing assets [5] - 97.5% of the recovered non-performing assets were in cash [5] Corporate Loan Distribution - New loans issued to four major infrastructure sectors totaled CNY 239.8 billion, a year-on-year increase of 19.6% [6] - New loans for emerging industries reached CNY 123.8 billion, growing by 16.7% year-on-year [6] Institutional Sales Performance - The "Hang e Tong" platform had 2,751 cooperative clients, with asset management products sold totaling CNY 268.9 billion, a 0.8% increase from the previous year [8] - Bond sales through institutional channels amounted to CNY 169.4 billion, a significant increase of 79.0% year-on-year [8] Wealth Management - Ping An Wealth Management, established in August 2020, reported total assets of CNY 13.5 billion and net assets of CNY 13.2 billion as of June 2025 [8] - The company achieved a net profit of CNY 700 million in the first half of 2025, managing wealth products totaling CNY 1.16 trillion [8]