Core Viewpoint - Ping An Bank held a significant roadshow event to discuss its development strategy and operational performance with domestic investors, addressing key questions regarding its financial metrics and business outlook [1] Financial Performance - In the first half of 2025, Ping An Bank's net commission and fee income was 12.7 billion yuan, a year-on-year decrease of 2.0%. The breakdown includes: - Settlement fee income of 1.9 billion yuan, up 3.9% - Agency and entrusted fee income of 3.1 billion yuan, up 7.6% - Credit card fee income of 6.4 billion yuan, down 0.1% - Other commission and fee income of 2.1 billion yuan, down 28.7% [1] Credit Card Business - As of June 2025, the number of credit card accounts reached 45.39 million, with total credit card spending amounting to 989.8 billion yuan in the first half of the year. The bank is focusing on acquiring high-quality customers and enhancing product offerings for different demographics [2] Digital Platform Operations - By June 2025, the registered users of the Ping An Pocket Bank APP reached 177.6 million, a 2.0% increase from the end of the previous year, with monthly active users at 38.75 million. The bank is improving user experience through enhanced service capabilities and digital offerings [2] Supply Chain Finance - In the first half of 2025, the financing amount for supply chain finance was 911.3 billion yuan, reflecting a year-on-year growth of 25.6%. The bank is leveraging technology to innovate its business model and enhance its digital supply chain finance capabilities [2] Asset Quality and Loan Recovery - In the first half of 2025, Ping An Bank wrote off 25.6 billion yuan in loans and recovered a total of 18.6 billion yuan in non-performing assets, with 97.5% of the recoveries being cash [3] Loan Issuance - The bank issued new loans of 239.8 billion yuan to four major infrastructure industries, a year-on-year increase of 19.6%, and 123.8 billion yuan to three emerging industries, up 16.7% [3] Institutional Sales - In the first half of 2025, the bank's bond sales through interbank channels reached 169.4 billion yuan, a significant increase of 79.0%, facilitated by collaboration among sales, investment banking, and trading teams [3] Wealth Management - Ping An Wealth Management, established in August 2020 with a registered capital of 5 billion yuan, reported total assets of 13.5 billion yuan and net assets of 13.2 billion yuan as of June 2025, achieving a net profit of 700 million yuan with managed wealth products totaling 1.16 trillion yuan [3]

Financial Performance - In the first half of 2025, the net income from fees and commissions was CNY 12.7 billion, a decrease of 2.0% year-on-year [2] - Credit card circulation reached 45.39 million accounts, with total consumption amounting to CNY 989.8 billion [2] - The supply chain finance financing amount was CNY 911.3 billion, an increase of 25.6% year-on-year [4] Credit Card Business - New customer acquisition for credit cards increased year-on-year, with a focus on high-quality customer selection [2] - The bank launched new credit card products targeting young customers and enhanced services for car owners and wealth clients [2] Digital Platform Operations - As of June 2025, the registered users of the Ping An Pocket Bank APP reached 177.6 million, a 2.0% increase from the previous year [3] - Monthly active users (MAU) stood at 38.75 million [3] Asset Quality Management - In the first half of 2025, the bank wrote off CNY 25.6 billion in loans and recovered CNY 18.6 billion in non-performing assets [5] - 97.5% of the recovered non-performing assets were in cash [5] Corporate Loan Distribution - New loans issued to four major infrastructure sectors totaled CNY 239.8 billion, a year-on-year increase of 19.6% [6] - New loans for emerging industries reached CNY 123.8 billion, growing by 16.7% year-on-year [6] Institutional Sales Performance - The "Hang e Tong" platform had 2,751 cooperative clients, with asset management products sold totaling CNY 268.9 billion, a 0.8% increase from the previous year [8] - Bond sales through institutional channels amounted to CNY 169.4 billion, a significant increase of 79.0% year-on-year [8] Wealth Management - Ping An Wealth Management, established in August 2020, reported total assets of CNY 13.5 billion and net assets of CNY 13.2 billion as of June 2025 [8] - The company achieved a net profit of CNY 700 million in the first half of 2025, managing wealth products totaling CNY 1.16 trillion [8]

Group 1 - The core mission of Ping An Bank is to serve the public by improving the business environment, enhancing services for the elderly, and alleviating difficulties faced by enterprises [1][2] - Ping An Bank has developed over a hundred bilingual service points to address the challenges faced by foreign nationals in China, such as difficulties in account opening and payment [1] - The bank has launched a three-in-one solution encompassing "Account Access," "Language Access," and "Service Access" to optimize the cross-border financial ecosystem [1][2] Group 2 - In terms of elderly care, Ping An Bank has implemented measures such as "green channels" and "love windows" to provide priority services for elderly customers [2] - The bank has upgraded self-service and smart devices with larger interfaces to facilitate transactions for older clients [2] - Ping An Bank has opened over 2 million pension accounts and continues to promote financial literacy and fraud prevention among the elderly [2][3] Group 3 - Ping An Bank emphasizes support for small and micro enterprises, recognizing their role in economic resilience and innovation [3][5] - The bank has streamlined the account opening process for small businesses, reducing paperwork and time required [2][3] - Over the past four years, Ping An Bank has waived over 12 million yuan in bank inquiry fees for small and micro enterprises, effectively lowering their financial burden [2]

Core Viewpoint - Ping An Bank has successfully navigated through the most challenging period of its retail business reform, laying a solid foundation for future growth and development [1] Retail Reform Achievements - In the first half of the year, Ping An Bank has deepened its retail strategic transformation, enhancing loan, deposit, and wealth management services while solidifying its digital and comprehensive financial platforms for sustainable development [2] - As of June 30, the personal loan balance reached 1.73 trillion yuan, with mortgage loans accounting for 64.3% of personal loans; credit card customer acquisition increased year-on-year, and auto finance loans amounted to 295.62 billion yuan, a 0.6% increase from the end of the previous year [2] - The bank's personal deposit balance was 1.33 trillion yuan, a 3.1% increase from the end of the previous year, and wealth management fee income rose by 12.8% to 2.466 billion yuan [3] Measures to Strengthen Retail - Ping An Bank has effectively curbed the rise in retail loan non-performing rates, with a continuous decline in non-performing loan generation rates over six consecutive quarters [4] - The bank's retail loan scale has stabilized, with a significant improvement in asset quality; as of June 30, the retail non-performing loan rate was 1.27%, down 12 basis points from the end of the previous year [4] - The bank's retail strategy has become clearer, focusing on channel selection, customer management, and risk control to adapt to market changes [5] Future Development Path - Ping An Bank plans to accelerate the implementation of retail reform initiatives, enhance the capacity of its self-operated teams, and further optimize interest rates while improving its centralized and flat risk control system [6]

Core Viewpoint - Ping An Bank's retail financial business is undergoing a significant strategic adjustment, reflected in a notable decline in revenue and profit contribution, indicating challenges in its transformation efforts [1][2][6]. Financial Performance - For the first half of 2025, Ping An Bank reported operating income of 69.385 billion yuan, a year-on-year decrease of 10.0%, and a net profit attributable to shareholders of 24.870 billion yuan, down 3.9% [1]. - The net interest margin narrowed to 1.80%, a decline of 16 basis points compared to the same period last year [1]. - The retail financial business generated operating income of 31.081 billion yuan, accounting for 44.8% of total revenue, down from 50.7% year-on-year [2]. Retail Business Challenges - The net profit from the retail business fell to 1.002 billion yuan, representing only 4.0% of the group's total net profit, down from 7.0% a year earlier [2]. - The retail business faced significant impairment losses totaling 18.845 billion yuan, which accounted for 96.9% of the group's total impairment losses, indicating pressure on asset quality [2][4]. Strategic Adjustments - Ping An Bank is actively managing its asset-liability structure by reducing high-risk business scales and optimizing asset composition, with personal loan balances decreasing by 2.3% to 1.725 trillion yuan as of June 2025 [4]. - The bank's strategy has shifted from rapid expansion to prioritizing efficiency and risk management, focusing on optimizing customer segments and asset structures [3][8]. Wealth Management and Non-Interest Income - Despite challenges in retail, wealth management has shown resilience, with retail customer assets under management (AUM) reaching 4.212839 trillion yuan, a slight increase of 0.4% [6]. - Wealth management fee income grew by 12.8% to 2.466 billion yuan, driven by a significant increase in insurance-related income [6]. Digital Transformation - The digital transformation is crucial for supporting wealth management, with registered users of the Ping An Pocket Bank app reaching 177.5986 million, a 2.0% increase [7]. - The "AI+T+Offline" service model has enhanced service efficiency and customer experience, contributing to the growth of wealth management clients [7]. Future Outlook - The bank aims to achieve a "triple reconstruction" in its business model, customer structure, and risk control systems to enhance profitability and reduce credit costs [8]. - Ping An Bank is committed to refining its business strategies and improving its professional capabilities to stabilize and enhance performance in the second half of the year [8].

Core Viewpoint - Ping An Bank reported a decline in revenue and net profit for the first half of 2025, primarily due to falling market interest rates and adjustments in loan business structure [1][2]. Financial Performance - In H1 2025, Ping An Bank achieved operating income of CNY 69.385 billion, a decrease of 10.0% year-on-year, with a net interest margin of 1.80%, down 16 basis points from the previous year [1]. - The bank's net profit was CNY 24.870 billion, a decline of 3.9%, although the decline was less severe compared to Q1 [1]. - Total assets reached CNY 5,874.961 billion, an increase of 1.8% from the end of the previous year [1]. Loan and Deposit Metrics - The total amount of loans and advances was CNY 34,084.98 billion, up 1.0% year-on-year, with significant growth in loans to manufacturing, technology, and green finance sectors [1]. - Total liabilities amounted to CNY 53,648.99 billion, a growth of 1.7% from the previous year, while the average interest rate on interest-bearing liabilities was 1.79%, down 46 basis points year-on-year [2]. - The bank's non-performing loan (NPL) ratio was 1.05%, a slight decrease of 0.01 percentage points from the end of the previous year [2]. Asset Quality and Capital Adequacy - The bank recovered a total of CNY 18.556 billion in non-performing assets, a year-on-year increase of 13.8% [2]. - The provision coverage ratio stood at 238.48%, indicating strong risk mitigation capabilities [2]. - Capital adequacy ratios improved, with the core Tier 1 capital ratio at 9.31%, Tier 1 capital ratio at 10.85%, and total capital ratio at 13.26%, all showing increases from the previous year [2]. Digital Transformation and Customer Engagement - The number of registered users on the Ping An Pocket Bank APP reached 177.5986 million, a growth of 2.0% from the end of the previous year, with monthly active users at 38.745 million [3]. - The bank aims to enhance its financial services and risk management capabilities while focusing on strategic transformation and improving professional skills [3].

Core Viewpoint - Ping An Bank's 2025 mid-year performance report highlights a steady business operation, emphasizing the importance of digital transformation, risk management, and strategic reforms to enhance retail, corporate, and interbank business segments [1][2]. Retail Business - The bank maintains a strong retail strategy, focusing on optimizing loan structures and enhancing product offerings to improve customer experience and market competitiveness. As of June, personal loan balance was CNY 17,259.78 billion, down 2.3% from the end of last year, with a non-performing loan ratio of 1.27%, a decrease of 0.12 percentage points [3][4]. - Personal deposits reached CNY 13,273.38 billion, up 3.1% year-on-year, with average interest rates declining by 37 basis points to 1.92%. Wealth management fee income grew by 12.8% to CNY 24.66 billion [4][6]. Digital and Comprehensive Financial Platforms - The bank continues to enhance its digital and comprehensive financial platforms, with registered users of the Ping An Pocket Bank APP reaching 177.60 million, a 2.0% increase. The contribution of comprehensive finance to new wealth clients was 57.3% [5][6]. Corporate Business - Ping An Bank focuses on refining its corporate business by supporting key sectors such as advanced manufacturing and green finance. As of June, corporate deposits were CNY 23,671.33 billion, up 5.4%, while corporate loans increased by 4.7% to CNY 16,825.20 billion [7][8]. - The bank has established a tiered customer management system, resulting in a 6.5% increase in corporate clients to 909,100, with strategic client loans growing by 15.8% [8]. Interbank Business - The bank's interbank business adapts to market changes, enhancing investment trading capabilities and customer services. As of June, the number of value clients reached 1,328, with bond sales increasing by 79.0% to CNY 169.36 billion [9]. Sustainable Development and Social Responsibility - Ping An Bank actively promotes green finance, with green loan balances reaching CNY 251.75 billion, a 6.0% increase. The bank also supports rural revitalization, with CNY 312.59 billion allocated to related initiatives [11][12]. Financial Performance - For the first half of 2025, the bank reported operating income of CNY 693.85 billion, a 10.0% decline, while net profit was CNY 248.70 billion, down 3.9%. The capital adequacy ratios improved, with the core tier one capital ratio at 9.31% [6][12].

上半年，平安银行零售业务实现营业收入433.53亿元，同比增长12.3%，在营业收入中占比为55.3%，同 比略有下降。同时，该行加大了零售资产的拨备计提力度，零售业务净利润74.80亿元，在净利润中占 比为54.7%，同比有所下降，仍在合理范围内。 业绩发布会上，平安集团总经理兼联席CEO、平安银行董事长谢永林表示："未来三年，我们在业务上 的目标是要重塑资产负债表，打造数字银行、生态银行、平台银行三张名片。前面四年的科技职能为我 们这个目标提升了重要的支撑，我们有信心在新三年借助我们集团的科技优势，依托现有的科技能力在 下一个发展周期当中稳健起飞，兑现承诺，把平安银行科技属性、科技特色越做越鲜明，真正成为一个 科技的银行。" 平安银行2020年半年报显示，受疫情带来的不确定性影响，根据经济走势及国内外环境预判，该行主动 加大了拨备计提力度，提升风险抵补能力，在加大核销的同时，提升拨备覆盖率，从而导致净利润下 降，实现净利润136.78亿元，同比减少11.2%。 截至2020年6月末，平安银行管理零售客户资产(AUM)23216.15亿元，较上年末增长17.1%。零售客户数 及平安口袋银行APP注册用户数均 ...

2025年，平安银行上海分行迎来了立行的第27个年头。1998年4月20日，正值浦东开发热潮席卷黄浦江 畔，平安银行在这片热土播下了第一粒金融火种。二十七载春秋更迭，平安银行上海分行以躬耕者的姿 态深深扎根申城热土，从初创机构的单点破局，到如今63家网点串联城市动脉，2200名金融"将士"共筑 金融服务网络，7万公司客户、415万零售客户从外滩遍布至临港新片区。这组跳动的数字不仅丈量着机 构发展的历程，更镌刻着平安银行与上海这座城市同频成长的轨迹。 强根铸魂，以党建引领高质量发展 坚持党的领导、加强党的建设是平安银行上海分行发展的"根"，也是立业的"魂"。成立二十七年来，分 行始终坚持党的领导，深度融合党建工作与经营实践，通过思想铸魂、组织强基、党业融合、活动创 新"四维驱动"，以高质量党建引领高质量发展。2025年，通过深化"党建+"模式，打造"平安心向党"党 建品牌，为服务实体经济、助力五个中心建设注入红色动能。 服务国家战略，助力实体经济，奋力谱写金融"五篇大文章" "经济是肌体，金融是血脉。"作为银行业金融机构，平安银行上海分行始终践行金融工作的政治性、人 民性，厚植科创特色、淬炼惠企成色、坚守为民本 ...