Core Viewpoint - The article highlights the strong performance of Industrial Bank in the first half of 2025, showcasing its resilience and strategic adjustments in a challenging external environment, with a focus on improving asset quality and optimizing business structure [1][5]. Financial Performance - In the first half of 2025, Industrial Bank achieved an operating income of 110.46 billion yuan and a net profit attributable to shareholders of 43.14 billion yuan, reflecting a year-on-year growth of 0.21% [1]. - The bank maintained a low non-performing loan ratio of 1.08% as of June 30, 2025, with a decrease in both the amount and ratio of special mention loans [1]. - The bank's net interest margin was reported at 1.75%, with a reduction of 78 basis points compared to the beginning of the year, indicating a trend of narrowing margins [2]. Business Strategy - The bank focused on balancing liabilities and assets, leading to a strategic reduction in deposit interest rates, which helped mitigate the impact of narrowing interest margins on net interest income [2]. - The bank's retail wealth management income grew by 13.45% year-on-year, while custodial income increased by 9.98%, demonstrating successful integration of investment banking, asset management, and wealth management [3]. - Industrial Bank optimized its asset-liability structure towards a "low-cost liabilities - stable income assets" combination, enhancing contributions from key regions [5]. Regional Contribution - The bank's loans in key regions accounted for 54.35% of total loans, an increase of 0.95 percentage points from the end of the previous year, indicating a strategic focus on areas with high financial resource concentration [1][5]. - As of June 30, 2025, the bank issued new loans of 108.4 billion yuan to key industries, reflecting a year-on-year growth of 15.2% [6]. Customer Strategy - Industrial Bank emphasized deepening existing customer relationships over acquiring new customers, with retail customers reaching 112 million, a growth of 1.63% from the beginning of the year [8]. - The bank's strategy included enhancing customer service capabilities and improving the quality of customer relationships, resulting in a significant increase in the number of high-value retail customers [9]. Institutional Support - The bank saw a notable increase in institutional investment, with public funds increasing their holdings in Industrial Bank by over 22% in the first half of 2025, ranking third among the top 20 stocks held by public funds [10][12]. - The conversion of 8.6 billion yuan in convertible bonds by the Fujian Provincial Finance Department into common stock reflects long-term confidence in the bank's value [12].