Core Viewpoint - Ningbo Bank reported a strong performance in the first half of 2025, with revenue and net profit growth indicating resilience in its fundamentals [2][3]. Financial Performance - In the first half of 2025, Ningbo Bank achieved operating income of 37.16 billion yuan, a year-on-year increase of 7.9%, and a net profit attributable to shareholders of 14.77 billion yuan, up 8.2% year-on-year [2]. - The annualized weighted average return on equity was 13.8%, a decrease of 0.94 percentage points compared to the previous year [2]. Growth Trends - Revenue and net profit growth rates improved sequentially, with Q2 2025 showing revenue and net profit growth rates of 10.3% and 10.8%, respectively, up 4.6 and 5.1 percentage points from Q1 2025 [3]. - The bank's total assets, loans, and non-credit assets grew by 14.4%, 18.7%, and 10.6% year-on-year, respectively, indicating a strong expansion [4]. Loan and Deposit Dynamics - As of the end of Q2 2025, loans accounted for 48.2% of total assets, remaining stable compared to the previous quarter [4]. - The bank's loan growth of 18.7% year-on-year significantly outpaced the industry average, supported by a solid foundation from previous lending activities [5]. - Total liabilities, deposits, and market liabilities grew by 14.6%, 12.7%, and 18.2% year-on-year, respectively, with a notable decrease in deposit balances compared to Q1 2025 [6]. Asset Quality and Risk Management - The non-performing loan (NPL) ratio remained stable at 0.76%, with the bank actively managing potential risks by increasing asset write-offs [7]. - The provision coverage ratio improved to 374.2%, up 3.6 percentage points from the previous quarter, indicating enhanced risk mitigation capabilities [7].