Core Viewpoint - The company reported a slight decline in revenue for the first half of 2025, but a modest increase in net profit, indicating resilience in its financial performance despite challenges in the market [1]. Financial Performance - In H1 2025, the company achieved revenue of 13.4 billion yuan, a year-on-year decrease of 3.40%, while net profit attributable to shareholders was 7 billion yuan, reflecting a year-on-year increase of 0.60% [1]. - The decline in revenue was less severe compared to Q1 2025, with revenue and net profit growth rates improving by 4.0 percentage points and 0.3 percentage points, respectively [1]. - The net interest margin for H1 2025 was 1.39%, down 11 basis points from the previous year, but the cost of liabilities improved significantly [1][2]. Income Sources - Non-interest income saw a reduced decline, contributing positively to revenue growth, with net commission and fee income decreasing by 4.1% year-on-year, but showing a smaller decline compared to Q1 2025 [2]. - Other non-interest income grew by 5.3% year-on-year, with investment income increasing by 44.6%, primarily due to contributions from OCI accounts [3]. Asset and Liability Management - As of Q2 2025, total assets reached 1.55 trillion yuan, with total loans amounting to 774.2 billion yuan, reflecting year-on-year growth of 6.5% and 5.2%, respectively [3]. - The company reported a significant increase in corporate loans, nearly doubling year-on-year, primarily directed towards the real estate sector [3][4]. Asset Quality - The non-performing loan (NPL) ratio stood at 0.97% as of Q2 2025, remaining stable compared to the previous quarter, while the coverage ratio was 336.55%, showing a slight decline [4][5]. - The company reported a decrease in corporate NPLs, with the ratio at 0.94%, down 8 basis points from the end of the previous year [5]. Investment Outlook - The company is positioned as a quality investment opportunity, with stable asset quality and a positive long-term growth outlook, projecting net profits of 12.4 billion, 12.5 billion, and 12.6 billion yuan for 2025-2027 [5].

Core Viewpoint - Qinhuangdao Bank is committed to enhancing financial services for the elderly, focusing on the development of a comprehensive pension finance ecosystem to meet diverse needs and improve the well-being of senior citizens [1][6]. Group 1: Service Enhancement - The bank is accelerating the construction of convenient services for the elderly, integrating traditional offline services with innovative online services [2][4]. - Offline services include the establishment of barrier-free access, dedicated elderly service areas, and the provision of essential medical supplies and comfort facilities in bank branches [3][5]. - The bank has initiated a comprehensive renovation and adaptation of 13 branches to better serve elderly clients, with 4 branches expected to be completed this year [3]. Group 2: Financial Product Development - Qinhuangdao Bank is increasing its credit support for industries related to elderly care, having supported 37 enterprises with a loan balance of 911 million yuan by June 2025 [5]. - The bank has established 41 social security service points, issuing 330,000 social security cards, thereby facilitating local access to social security services for the elderly [6]. Group 3: Innovative Collaboration - The bank has partnered with Qinhuangdao First Hospital to launch a smart medical service platform, allowing patients to access medical services through the bank's digital channels, thus improving healthcare accessibility for the elderly [7]. - The bank is actively organizing community outreach programs to educate elderly clients on financial literacy and fraud prevention, having conducted 202 themed seminars benefiting over 6,700 elderly clients [9]. Group 4: Future Directions - The bank plans to continue enhancing its services for the elderly, focusing on product innovation, risk prevention, and improving the overall quality of financial services to contribute to the high-quality development of the economy and society [9].