Company Overview - The company, Agricultural Bank of China, has a history dating back to 1951 and has evolved through various stages, including being a state-owned commercial bank and a joint-stock company since 2009 [1] - It is one of China's major comprehensive financial service providers, focusing on rural revitalization and serving the real economy [1] Financial Performance - As of June 30, 2025, the total assets of the company reached RMB 46.86 trillion, with total deposits of RMB 31.90 trillion and a capital adequacy ratio of 17.45% [2][9] - The company reported a net profit of RMB 139.94 billion for the first half of 2025, reflecting a year-on-year increase of 2.5% [9][14] - The operating income for the same period was RMB 369.94 billion, up 0.8% year-on-year [14] Business Operations - The company has a vast network with 22,914 domestic branches and 13 overseas branches, ranking third globally in terms of tier-1 capital [2] - It has implemented strategies focusing on inclusive finance, green finance, and digital operations, with significant growth in loans to rural areas and agricultural sectors [10][11] Risk Management - The non-performing loan (NPL) ratio stood at 1.28%, a decrease of 0.02 percentage points from the previous year, indicating effective risk management [9][12] - The provision coverage ratio was reported at 295%, demonstrating a strong buffer against potential loan losses [9][12] Dividend Distribution - The company has proposed a cash dividend of RMB 1.255 per share for the fiscal year 2024, totaling RMB 43.92 billion, with a total cash dividend of RMB 846.61 billion for the year [3][4] Strategic Focus - The company is committed to enhancing its financial services for agriculture and rural areas, with a focus on supporting national food security and poverty alleviation efforts [10][14] - It aims to optimize credit policies and innovate service models to better serve the real economy and promote consumption [11][14]