转自：新华财经 科技是国家强盛之基。作为金融"国家队"，交通银行始终将做好"科技金融"大文章视为践行金融工作政 治性、人民性的重要举措，持续优化科技金融多层次服务体系，为科技型企业提供全周期、全链条、接 力式金融服务，推动建立健全与实现高水平科技自立自强和科技强国建设高度适配的金融服务体系。 强化顶层设计，健全多层次科技金融服务体系 交行修订《公司章程》，优化调整董事会战略委员会定位，着力构建与"五篇大文章"战略部署相匹配的 治理体系，实现集团战略推进机制的高位重构。设立科技金融委员会，优化科技金融组织架构体系，形 成高效联动的"总分辖支"四级工作机制。2025年6月，对照科技部、人行等国家七部委联合印发的科技 金融支持政策，制定《交通银行加快推进科技金融高质量发展的行动措施》，重点围绕组织机制优化、 信贷服务体系升级、直接融资渠道拓展、创新推进机制构建、集团协同效能提升及支撑保障强化等六大 方面，系统梳理支持科技型企业发展政策措施，促进全行提高工作效率、增强整体协作能力。 推出"交银科创"，打造科技金融专业品牌 交行将科技金融作为战略特色，整合资源推出"交银科创"专业品牌。首创"4+3"服务模式陪伴企业成 ...

Core Viewpoint - The Bank of Communications has demonstrated strong operational resilience, achieving steady growth in key performance indicators amid a complex internal and external environment, with a notable increase in revenue and net profit for the first half of the year [1] Financial Performance - The group reported operating income of 133.368 billion yuan and net profit attributable to shareholders of 46.016 billion yuan, representing year-on-year growth of 0.77% and 1.61% respectively [1] - As of the end of June, total assets reached 15.44 trillion yuan, an increase of 3.59% from the end of the previous year, with a non-performing loan ratio reduced by 0.03 percentage points to 1.28% [1] Dividend Policy - The management announced a continuation of the mid-term dividend policy, proposing a cash dividend of 0.1563 yuan per share, totaling 13.811 billion yuan, which accounts for 30% of the net profit attributable to shareholders for 2025 [1] Loan Growth and Structure - The customer loan balance reached 9 trillion yuan, increasing by approximately 443.4 billion yuan, a growth rate of 5.18% [3] - The bank's loan disbursement has exceeded 60% of the annual target, with significant increases in technology loans, inclusive small and micro loans, and loans for the elderly care industry [3] Regional Focus - In the Yangtze River Delta region, the loan scale grew by 6.9%, accounting for nearly 30% of total loans, with public loans in key regions outpacing the bank's average growth [4] Support for Key Areas - The bank is actively leveraging policy opportunities to enhance financial supply capabilities in sectors such as small and micro enterprises, private enterprises, merger loans, and new models of real estate development [5] Digital Transformation - The bank has accelerated its digital transformation, with technology investments and personnel growth leading the industry, establishing a digital operation center to enhance service efficiency [8] - The digital operation center aims to strengthen direct operations, share foundational capabilities, and deepen the use of digital technologies for risk management and operational efficiency [9][10] Contribution to Economic Development - The bank has established partnerships with 60 major municipal projects and 118 district-level projects in Shanghai, contributing to the city's financial market development and international trade center construction [7] - The bank's initiatives include the creation of a cross-border trade comprehensive financial service platform and the optimization of offshore trade settlement processes [7]

Core Viewpoint - The Bank of Communications has demonstrated strong operational resilience, achieving steady growth in key performance indicators amid a complex internal and external environment, with a focus on long-term value creation through digital empowerment and core business focus [2][11]. Financial Performance - In the first half of the year, the group reported operating income of 133.368 billion yuan and net profit attributable to shareholders of 46.016 billion yuan, representing year-on-year growth of 0.77% and 1.61% respectively [2]. - As of the end of June, total assets reached 15.44 trillion yuan, an increase of 3.59% from the end of the previous year, with a non-performing loan ratio reduced by 0.03 percentage points to 1.28% [2]. Dividend Policy - The management announced a mid-term dividend policy, proposing a cash dividend of 0.1563 yuan per share (before tax), totaling 13.811 billion yuan, which accounts for 30% of the net profit attributable to shareholders for 2025 [2]. Loan Growth and Structure - The customer loan balance reached 9 trillion yuan, increasing by approximately 443.4 billion yuan, a growth rate of 5.18% [3]. - The bank's loan disbursement has exceeded 60% of the annual target in the first half of the year [3]. Focus on Key Areas - The bank is strategically supporting national priorities and key sectors, with significant growth in technology loans, inclusive small and micro loans, and loans for the elderly care industry, all exceeding the average loan growth rate [4]. - Technology loans surpassed 1.5 trillion yuan, with the number of supported enterprises increasing by 11.12%, including 32,300 technology SMEs, which saw a 22.93% increase in loan balance [4]. Regional Development - In the Yangtze River Delta region, loan growth was 6.9%, accounting for nearly 30% of total loans, with public loans in key regions like Shanghai showing the highest market growth [4]. Digital Transformation - The bank has accelerated its digital transformation, with significant investments in technology and a new digital operation center aimed at enhancing service efficiency and supporting key sectors [9][10]. - The digital operation center focuses on direct retail business operations, online and offline integration, and centralized operations to improve risk management and customer service [10]. Contribution to Economic Development - The bank is actively leveraging its Shanghai headquarters to support the city's financial openness and innovation, contributing to the construction of Shanghai as an international technology innovation center [6][7][8].

Core Viewpoint - The low interest rate environment is testing the operational management capabilities of major banks, with a focus on precise strategies, efficient execution, and stable growth becoming a key challenge for the industry [1] Financial Performance - In the first half of 2025, Bank of Communications (BoCom) demonstrated strong performance among the six major state-owned banks, with a net profit attributable to shareholders increasing by 1.61% year-on-year [3] - The bank's total assets reached 15.44 trillion yuan, growing by 3.59% compared to the end of the previous year [3] - The non-performing loan (NPL) ratio improved to 1.28%, with a provision coverage ratio of 209.56%, up by 7.62 percentage points from the end of the previous year [3] Asset Quality Improvement - BoCom disposed of 37.83 billion yuan in non-performing loans, a year-on-year increase of 27.9%, with substantial recoveries of 20.37 billion yuan, up 54.3% [3] Net Interest Margin - In the context of a general narrowing of interest margins across the banking sector, BoCom experienced the smallest year-on-year decline in net interest margin among the six major state-owned banks [4] Strategic Focus - The bank is strategically focusing on key sectors and regions, enhancing financial support for national strategies and key areas, while also deepening its engagement in the Shanghai market [6][8] - BoCom's loans in the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Beijing-Tianjin-Hebei regions increased by 5.57% [7] Digital Transformation - BoCom is leading in digital transformation, with a focus on integrating technology and finance, achieving significant results in technology capability and application [9] - The bank's loans to core digital economy industries exceeded 286 billion yuan, with internet loans growing by 8.52% year-on-year [10] Dividend Policy - The bank's board approved a mid-term dividend distribution plan, proposing a cash dividend of 0.1563 yuan per share, totaling 13.811 billion yuan, which accounts for 30% of the net profit attributable to shareholders [11]

Core Viewpoint - The low interest rate environment is testing the operational management capabilities of major banks, making precise strategies and efficient execution essential for stable growth [1] Group 1: Performance Highlights - In the first half of 2025, Bank of Communications (BoCom) showed outstanding performance among the six major state-owned banks, with a net profit attributable to shareholders increasing by 1.61% year-on-year [2][3] - The bank's total assets reached 15.44 trillion yuan, growing by 3.59% compared to the end of the previous year, indicating a steady expansion [3] - The non-performing loan (NPL) ratio decreased to 1.28%, and the provision coverage ratio improved to 209.56%, up by 7.62 percentage points from the end of the previous year [3][4] Group 2: Risk Management and Loan Recovery - The bank has emphasized risk control and significantly strengthened the disposal of non-performing loans, with a total of 37.83 billion yuan in NPLs disposed of, a year-on-year increase of 27.9% [4] - The net interest margin (NIM) decline was the smallest among the six major state-owned banks, attributed to measures such as optimizing the asset-liability structure and enhancing pricing management [4] Group 3: Strategic Focus Areas - BoCom is focusing on key sectors and regions, providing financial support for national strategies and key areas, while also reserving high-quality credit projects for itself [5] - The bank's technology finance loans exceeded 1.5 trillion yuan, supporting over 32,300 technology-based SMEs, with a year-on-year growth of 22.93% [5] - Green finance initiatives have led to a loan balance growth of 6.58% in energy-saving and carbon-reduction industries, with a total of 145 billion yuan in green bonds issued [5] Group 4: Digital Transformation - BoCom is advancing its digital transformation, establishing a digital operation center and implementing an AI framework to enhance operational efficiency [8] - The bank's core loans in the digital economy reached over 286 billion yuan, with internet loans growing by 8.52% compared to the end of the previous year [8] Group 5: Future Outlook and Dividends - The board approved a mid-term dividend policy, proposing a cash dividend of 0.1563 yuan per share, totaling 13.811 billion yuan, which accounts for 30% of the net profit attributable to shareholders [10] - The bank aims to maintain the continuity and stability of its dividend policy, sharing development results with shareholders [11]

Core Viewpoint - Bank of Communications reported a dual growth in revenue and net profit for the first half of 2025, achieving 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% year-on-year [2] Financial Performance - The total assets of Bank of Communications reached 15.44 trillion yuan by the end of June, an increase of 3.59% from the end of the previous year [3] - The group’s customer loan balance was 9 trillion yuan, growing by 5.18% year-on-year, while customer deposits reached 9.17 trillion yuan, up 4.22% [3] - The non-performing loan ratio improved to 1.28%, a decrease of 0.03 percentage points from the end of the previous year, with a provision coverage ratio of 209.56%, an increase of 7.62 percentage points [3] Capital Strength - On June 17, Bank of Communications completed a private placement of approximately 14.1 billion shares, raising a total of 120 billion yuan, marking the first time the Ministry of Finance injected capital into the bank [4] - The core Tier 1 capital adequacy ratio improved by 1.18 percentage points from the previous year, enhancing the bank's capital adequacy level [4] Strategic Initiatives - The bank is focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, with significant progress reported in each area [5][6] - Technology loans exceeded 1.5 trillion yuan, with loans to technology SMEs growing by 22.93% year-on-year [5] - Inclusive finance saw a 12.96% increase in loans to small and micro enterprises, reaching 852.401 billion yuan [5] Regional Focus - Bank of Communications is leveraging its "Shanghai main stage" strategy to enhance its service capabilities and support regional development, achieving significant results in credit issuance and customer expansion [7][8] - The bank ranked first in the market for the increase in RMB loans in Shanghai, establishing partnerships with 60 major city projects and 118 district projects [8] Innovation and Digitalization - The bank has established 23 technology-focused branches in Shanghai, enhancing its technology finance services [9] - It has also launched a cross-border trade financial service platform, integrating various financial services to support international trade [9][10] Shareholder Returns - The bank's board has approved a mid-year profit distribution plan, proposing a cash dividend of 0.1563 yuan per share, totaling 13.811 billion yuan, which accounts for 30% of the net profit attributable to shareholders [11] - This marks the second consecutive year of mid-year dividends, reflecting the management's confidence in future profitability [11]

Core Viewpoint - The China Communications Industry Association announced the Financial Digital Transformation Capability Assessment Model (FDMM) results, with Bank of Communications receiving the highest level certification for its digital technology application capabilities, marking it as an industry leader in digital transformation [1][3]. Group 1: Digital Transformation Strategy - The company emphasizes digital transformation as a strategic priority to meet high-quality development requirements, increasing investment in technology and fostering core technological innovation [3]. - A "1+1+N" artificial intelligence framework has been established, featuring a heterogeneous computing cluster based on domestic GPU servers and a financial model algorithm matrix worth hundreds of billions [3]. Group 2: Financial Services Innovation - The company leverages "data elements + digital technology" to enhance business value and improve service quality for the real economy, introducing innovative financial services like "proactive credit" for small and micro enterprises [3]. - Standardized products such as online mortgage loans and various credit products have been developed, alongside the "Jiaoyin Hangmaotong" platform for online cross-border settlement and foreign trade financing [3]. Group 3: Risk Management - The company has implemented AI technology across all risk management areas, creating a comprehensive digital risk management system that transitions from traditional methods to intelligent control, ensuring the protection of customer assets [3].