Core Viewpoint - The modernization of agriculture and rural areas is crucial for China's overall modernization, and the focus is on accelerating rural revitalization through financial innovation and support for key agricultural sectors [1][9]. Group 1: Financial Support for Agriculture - The company has established a dedicated leadership group for rural revitalization, ensuring a solid management system from strategic decision-making to grassroots execution [2]. - A "Four Special Mechanism" has been implemented to enhance credit support, including specialized policy guidelines and a dedicated approval channel for agricultural loans [2][3]. - The company has developed innovative financial products such as "Yinong e-loan" and "Agricultural Trade e-loan" to support agricultural product development and enhance supply security [3]. Group 2: Technology and Risk Management - The company utilizes big data risk control models to automate loan approvals, significantly reducing approval times and enhancing service accessibility in rural areas [3]. - A proactive credit service model has been introduced, leveraging mobile banking to extend financial services to rural communities [3]. Group 3: Food Security Initiatives - The company emphasizes food security as a national priority, supporting the agricultural supply chain in key grain-producing regions like Hebei, which produces over 700 billion jin of grain annually [6]. - A comprehensive financial ecosystem has been established to support the entire grain industry chain, from seed research to market circulation [6]. Group 4: Support for Local Industries - The company focuses on activating local特色产业 (characteristic industries) by providing tailored financial support to align with local resources and promote unique agricultural products [7]. - The "Agricultural Breeding Loan" product has been developed to assist livestock farmers in overcoming financing challenges through a data-driven approach [8]. Group 5: Future Commitment - The company is committed to continuing its support for rural revitalization and aligning its strategies with national development plans, aiming to contribute to the modernization of rural areas in China [9].

Core Viewpoint - The development of inclusive finance in China has significantly improved financial service accessibility for key groups, driven by technological advancements and a focus on people's needs [2][4][6]. Group 1: Achievements in Inclusive Finance - Since the 18th National Congress, China's financial system has embraced a people-centered development approach, leading to substantial progress in inclusive finance [2]. - Financial services have rapidly expanded, with mobile payments becoming widespread and online services deeply integrated [2][4]. - Key groups such as rural populations, small and micro enterprises, and low-income urban residents have seen enhanced access to financial services [2][4]. Group 2: Technological Integration - The deep integration of digital technology has been a highlight in the banking sector, improving online penetration of inclusive finance and significantly shortening loan approval times [4][5]. - Financial institutions are innovating products that are customized, bulk, and intelligent, enhancing service delivery [4][5]. Group 3: Innovations in Financial Products - The insurance sector has accelerated the development of inclusive products, such as inclusive medical and pension insurance, improving risk coverage for specific groups [4][5]. - Various financial companies are innovating business models to serve flexible employment groups effectively [4][5]. Group 4: Strategic Support and Service Quality - Agricultural Bank of China emphasizes a strategy focused on rural finance, addressing the challenges of financing for small and micro enterprises [6][7]. - The bank has established a dual-driven system to enhance service quality and operational efficiency [6]. Group 5: Support for Small and Micro Enterprises - China Construction Bank has prioritized support for small technology enterprises, developing unique service methods and operational systems [8][9]. - The bank has created a scoring model to evaluate technology innovation capabilities, aiding in identifying promising enterprises [8][9]. Group 6: Digital Transformation and Risk Management - Postal Savings Bank of China is integrating technology into its financial services, enhancing risk management and operational efficiency [9][10]. - The bank is developing a comprehensive digital financial service system to support new productive forces [9][10]. Group 7: Focus on Local Industries - The People's Bank of China in Maoming is constructing a financial service system tailored to local agricultural industries, implementing targeted financial products [13]. - The bank has established specialized institutions to provide precise financial services for local agricultural needs [13]. Group 8: Comprehensive Financial Ecosystem - Industrial and Commercial Bank of China is building a comprehensive financial ecosystem to support the development of small and medium-sized enterprises and technology companies [14][15]. - The bank is leveraging data to enhance service delivery and has achieved significant loan growth for small enterprises [14][15].

Core Viewpoint - Rural revitalization is a significant task for the great rejuvenation of the Chinese nation, with finance being a key support for activating rural development momentum. The Qingdao branch of the Bank of Communications is implementing the central government's strategy for rural revitalization through various financial measures, significantly increasing agricultural loans and supporting key agricultural sectors [1]. Group 1: Mechanism and Organizational Support - The establishment of a robust organizational framework is essential for effective financial services in rural revitalization. The Qingdao branch integrates party leadership into all aspects of rural revitalization, aligning its strategies with the bank's development plans and enhancing service capabilities [2]. - The branch has created a comprehensive mechanism to address service challenges, ensuring that initiatives are effectively implemented and monitored through regular meetings and problem-solving strategies [2]. Group 2: Credit Support and Industry Focus - The Qingdao branch focuses on providing targeted credit support to key agricultural sectors, addressing financing challenges faced by rural entities. It offers tailored credit solutions to enhance the development of local agricultural industries [3]. - Specific initiatives include providing 550 million yuan in loans for projects like the "fishing-solar complementary" project, which addresses common financial challenges in agriculture [3]. Group 3: Targeted Assistance and Poverty Alleviation - The branch is committed to consolidating the achievements of poverty alleviation by transitioning from "blood transfusion" assistance to "blood production" empowerment, effectively linking poverty alleviation outcomes with rural revitalization efforts [4]. - Innovative funding models are employed to connect local agricultural products with markets, enhancing the sales of local specialties and ensuring sustainable development [4]. Group 4: Product Innovation and Financial Services - The Qingdao branch leverages its comprehensive financial capabilities to innovate products that meet the evolving needs of agriculture and rural development. The "Jiaoyin Y Nong Tong" brand offers a wide range of financial services [5]. - The branch has developed three online financing product lines, including standardized loans and customized products for specific agricultural scenarios, enhancing accessibility and efficiency in financial services [6].

Core Insights - The core viewpoint of the article emphasizes the resilience and steady growth of Bank of Communications in the first half of 2025, showcasing its robust financial performance amidst a challenging economic environment [1][2][4]. Financial Performance - In the first half of 2025, the bank achieved an operating income of 133.368 billion yuan, a year-on-year increase of 0.77%, and a net profit attributable to shareholders of 46.016 billion yuan, up 1.61% [2][3]. - The total assets reached 15.44 trillion yuan, reflecting a growth of 3.59% compared to the end of the previous year [2][3]. - The non-performing loan ratio decreased to 1.28%, while the provision coverage ratio increased to 209.56%, indicating improved asset quality [3][4]. Shareholder Returns - The bank proposed a cash dividend of 13.811 billion yuan, representing 30% of its net profit, continuing its tradition of stable shareholder returns [3][4]. Strategic Focus - The bank is focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, which are seen as critical for its transformation and growth [6][8]. - In technology finance, the bank's loan balance exceeded 1.5 trillion yuan, with a significant increase in loans to technology-oriented SMEs [6][8]. - Green finance initiatives included a loan balance for energy-saving and carbon-reduction industries growing by 6.58%, and the issuance of green financial bonds totaling 145 billion yuan [6][7]. Retail and Customer Engagement - The bank has expanded its retail customer base to 202 million, with a 1.30% increase from the previous year, and a notable rise in active mobile banking users [2][3]. - Inclusive finance efforts led to a loan balance of 852.401 billion yuan, reflecting a growth of 12.96%, with specific products aimed at small and micro enterprises [7][8]. Digital Transformation - The bank is advancing its digital transformation through the establishment of a digital operation center and the implementation of an AI framework to enhance service efficiency [9][10]. - The digital economy loan balance surpassed 286 billion yuan, with internet loans increasing by 8.52% [7][10]. Regional and Global Strategy - The bank is leveraging its Shanghai headquarters to enhance its role in the international financial center, with significant participation in local financial market projects [9][10]. - It has established partnerships with numerous major projects in Shanghai, enhancing its competitive position in the region [9][10].

Core Viewpoint - The Bank of Communications reported a solid performance for the first half of 2025, emphasizing its role in supporting the real economy and aligning with national strategies, achieving stable growth in key financial metrics [2][10]. Financial Performance - Total assets reached 15.44 trillion yuan, a year-on-year increase of 3.59% [2]. - Operating income was 133.37 billion yuan, with a net profit attributable to shareholders of 46.02 billion yuan, reflecting year-on-year growth of 0.77% and 1.61% respectively [2]. Loan Growth and Support for the Real Economy - Customer loan balance reached 9 trillion yuan, up 443.4 billion yuan from the previous year, marking a growth rate of 5.18% [3]. - Corporate loans increased by 365.4 billion yuan, with a growth rate of 6.30%, and personal loans also saw significant growth [3][7]. Regional Loan Performance - Loans in the Yangtze River Delta region grew by 6.9%, accounting for nearly 30% of total loans, with significant growth in corporate credit [4]. Innovation and Digital Finance - The bank has been proactive in financial innovation, including the launch of various digital services and products, enhancing its digital finance capabilities [5][8]. - The balance of loans in the digital economy core industry exceeded 286 billion yuan, with internet loans growing by 8.52% [8]. Focus on Key Areas - The bank has increased support for strategic sectors such as manufacturing, small and micro enterprises, and green finance, with notable growth in relevant loan categories [6][7]. - The balance of green finance loans grew by 6.58%, and the bank issued 145 billion yuan in green financial bonds [6]. Customer Base and Capital Strength - The bank's customer base expanded, with a total of 2.95 million corporate clients and 202 million retail clients, reflecting growth rates of 3.75% and 1.30% respectively [10]. - The bank raised 120 billion yuan through the issuance of new shares, enhancing its core capital and operational stability [10].

Core Viewpoint - The Bank of Communications reported a stable and positive performance in the first half of 2025, focusing on implementing national financial policies and enhancing service quality in various sectors [1][3]. Financial Performance - Total assets reached 15.44 trillion yuan, a year-on-year increase of 3.59% [3]. - Operating income was 133.368 billion yuan, and net profit attributable to shareholders was 46.016 billion yuan, reflecting year-on-year growth of 0.77% and 1.61% respectively [3]. Service to the Real Economy - The bank emphasized its role in supporting the real economy, with a customer loan balance of 9 trillion yuan, up 5.18% from the previous year [4]. - Technology loans exceeded 1.5 trillion yuan, with a notable increase in loans to small and medium-sized technology enterprises by 22.93% [4]. Green Finance Initiatives - The bank integrated green development into its business model, with a focus on sectors like steel, agriculture, and low-carbon industries [5]. - The balance of energy-saving and carbon-reduction loans grew by 6.58%, and the bank issued 145 billion yuan in green financial bonds [5]. Inclusive Finance Expansion - The bank enhanced support for small and micro enterprises, with inclusive loan balances reaching 852.401 billion yuan, a 12.96% increase [5]. Pension Finance Development - The bank aims to create a senior-friendly banking environment, with pension-related loans increasing by 21.39% [6]. Digital Finance Empowerment - A new digital operation center was established, with loans in the digital economy sector exceeding 286 billion yuan, reflecting an 8.52% increase [6]. Strategic Focus in Shanghai - The bank leveraged its Shanghai presence to support local financial market innovations, achieving significant transaction volumes in bond and swap markets [7][8]. Capital Strengthening - The bank raised 120 billion yuan through the issuance of 14.1 billion A-shares, enhancing its core capital and risk resilience [9]. Risk Management - The non-performing loan ratio was 1.28%, a decrease of 0.03 percentage points, while the provision coverage ratio increased to 209.56% [10].

Core Viewpoint - The Bank of Communications reported a stable and positive performance in the first half of 2025, with total assets reaching 15.44 trillion yuan, a 3.59% increase from the previous year, and net profit attributable to shareholders growing by 1.61% year-on-year [1] Group 1: Financial Performance - Total operating income for the first half of 2025 was 133.368 billion yuan, with a year-on-year growth of 0.77% [1] - The bank's total assets reached 15.44 trillion yuan, reflecting a growth of 3.59% compared to the end of the previous year [1] Group 2: Support for the Real Economy - The bank has focused on supporting major national strategies and key sectors, with customer loan balances reaching 9 trillion yuan, a 5.18% increase from the previous year [2] - Technology loans exceeded 1.5 trillion yuan, with the number of supported enterprises growing by 11.12% year-on-year [2] Group 3: Green Finance Initiatives - The bank has integrated green development into its business model, with energy-saving and carbon-reduction industry loans increasing by 6.58% [3] - A total of 145 billion yuan in green financial bonds has been issued within China [3] Group 4: Inclusive Finance Expansion - Inclusive loan balances reached 852.401 billion yuan, marking a 12.96% increase from the previous year [3] Group 5: Pension Finance Development - Loans in the pension industry grew by 21.39%, with significant increases in social security card and personal pension business scales [4] Group 6: Digital Finance Empowerment - The bank established a digital operation center, with loans in the digital economy core industries exceeding 286 billion yuan, and internet loans growing by 8.52% [4] Group 7: Capital Strengthening - The bank raised 120 billion yuan through the issuance of approximately 14.1 billion shares, enhancing its core tier one capital [7] - The number of corporate customers increased by 3.75%, reaching 2.95 million [7] Group 8: Risk Management - The non-performing loan ratio was 1.28%, a decrease of 0.03 percentage points from the previous year, while the provision coverage ratio increased by 7.62% to 209.56% [8] - The bank disposed of 37.83 billion yuan in non-performing loans, a year-on-year increase of 27.9% [8]

Core Viewpoint - The Bank of Communications reported a stable and improving performance in its 2025 semi-annual results, focusing on high-quality development and maintaining a balance between growth and safety [1] Group 1: Financial Performance - Total assets reached 15.44 trillion yuan, an increase of 3.59% compared to the end of the previous year [1] - Operating income for the period was 133.368 billion yuan, with a net profit attributable to shareholders of 46.016 billion yuan, reflecting year-on-year growth of 0.77% and 1.61% respectively [1] Group 2: Support for the Real Economy - The bank emphasized its role in supporting the real economy, with total customer loan balance reaching 9.00 trillion yuan, up 5.18% year-on-year [2] - Technology loans exceeded 1.5 trillion yuan, with the number of supported enterprises growing by 11.12%, and loans to technology SMEs increased by 22.93% [2] Group 3: Green Finance Initiatives - The bank integrated green development into its business model, with energy-saving and carbon-reduction industry loans growing by 6.58% year-on-year [3] - Cumulatively issued green financial bonds reached 145 billion yuan [3] Group 4: Inclusive Finance Expansion - Inclusive loan balance was 852.401 billion yuan, marking a year-on-year increase of 12.96% [3] Group 5: Pension Finance Development - Loans in the pension industry grew by 21.39% year-on-year, with significant increases in social security card and personal pension business scales [4] Group 6: Digital Finance Enhancements - The bank established a digital operation center, with loans in the digital economy core industry exceeding 286 billion yuan, and internet loans growing by 8.52% [4] Group 7: Strategic Focus in Shanghai - The bank leveraged its Shanghai base to support the city's development, achieving over 4.88 trillion yuan in "Bond Connect" transactions [5][6] Group 8: Capital Strengthening - The bank raised 120 billion yuan through the issuance of 14.1 billion shares, enhancing its core tier one capital [7] Group 9: Risk Management - The non-performing loan ratio was 1.28%, a decrease of 0.03 percentage points from the previous year, with a provision coverage ratio of 209.56%, up 7.62 percentage points [8]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列交通銀行股份有限公司於上海證券交易所網站刊登的《交通銀行股份有限 公司2025年半年度報告》，謹供參閱。 承董事會命 交通銀行股份有限公司 何兆斌 公司秘書 中國上海 2025年8月29日 於本公告發佈之日，本行董事為任德奇先生、張寶江先生、殷久勇先生、 周萬阜先生、常保升先生*、廖宜建先生*、陳紹宗先生*、穆國新先生*、 艾棟先生*、羅小鵬先生*、石磊先生 # 、張向東先生 # 、李曉慧女士 # 、馬駿先生 # 、 王天澤先生 # 及肖偉先生 # 。 * 非執行董事 # 獨立非執行董事 公司代码：601328 公司简称：交通银行 交通银行股份有限公司 2025 年半年度报告 1 重要提示 一、本行董事会、监事会及董事、监事、高级管理人员保证半 ...

Core Viewpoint - The Bank of Communications reported a net profit of RMB 46.016 billion for the first half of 2025, reflecting a year-on-year increase of 1.61% compared to RMB 45.287 billion in the same period of 2024 [1][4][10] Financial Summary - Net interest income for the first half of 2025 was RMB 85.247 billion, up 1.20% from RMB 84.234 billion in the first half of 2024 [3][4] - Total operating income reached RMB 133.368 billion, a slight increase of 0.77% from RMB 132.347 billion in the previous year [4][10] - The total assets of the group at the end of June 2025 amounted to RMB 15,435.405 billion, representing a 3.59% increase from RMB 14,900.717 billion at the end of June 2024 [3][10] - Customer loans reached RMB 8,998.499 billion, an increase of 5.18% from RMB 8,555.122 billion at the end of June 2024 [3][10] - Customer deposits totaled RMB 9,171.358 billion, up 4.22% from RMB 8,800.335 billion in the previous year [3][10] Profitability Metrics - The annualized return on average assets was 0.61%, down from 0.65% in the previous year [3][4] - The annualized weighted average return on equity was 9.16%, slightly down from 9.29% [3][4] - The net interest margin decreased to 1.21% from 1.29% year-on-year [3][4] Risk Management - The non-performing loan ratio was 1.28%, a decrease of 0.03 percentage points from the previous year [3][4] - The provision coverage ratio increased to 209.56%, up 7.62 percentage points from the previous year [3][4] Dividend Distribution - The bank proposed a cash dividend distribution of RMB 138.11 billion, amounting to RMB 1.56 per 10 shares, based on the total issued shares of 88.364 billion [1][4]