Core Viewpoint - Shanghai Rural Commercial Bank reported steady growth in its financial performance for the first half of 2025, with key indicators showing resilience amid a complex macroeconomic environment [2][3][4]. Financial Performance - As of June 30, 2025, the total assets of the bank reached 1,549.419 billion yuan, an increase of 4.14% compared to the end of the previous year [2][3]. - The bank achieved an operating income of 13.444 billion yuan, with a year-on-year increase of 0.38% after excluding non-recurring gains and losses [2][4]. - The net profit attributable to shareholders was 7.013 billion yuan, reflecting a year-on-year growth of 6.69% after excluding non-recurring gains and losses [2][4]. - The non-interest income was 3.819 billion yuan, up 2.19% year-on-year, accounting for 28.41% of total operating income, indicating improved revenue structure [4]. Asset Quality and Risk Management - The bank maintained a non-performing loan ratio of 0.97%, remaining below 1%, which is considered industry-leading [4]. - The provision coverage ratio stood at 336.55%, indicating a strong risk mitigation capacity [4][5]. Capital Adequacy - As of June 30, 2025, the core tier one capital adequacy ratio was 14.52%, the tier one capital adequacy ratio was 14.55%, and the total capital adequacy ratio was 16.90%, all significantly above regulatory requirements [5]. Business Structure Optimization - The bank focused on optimizing its business structure, with a notable decrease in average interest rates on deposits to 1.57%, down 26 basis points year-on-year [8]. - The bank's corporate customer base reached 345,600, with a corporate loan balance of 495.929 billion yuan, and trade settlement volume increased by 68.61% year-on-year [8]. Inclusive Finance and Innovation - The bank's inclusive finance initiatives led to a balance of 91.347 billion yuan in small and micro loans, a growth of 5.47% from the previous year [9]. - In the technology finance sector, the bank's loans to technology enterprises exceeded 120 billion yuan, with a customer base of 4,624, reflecting an 8.09% increase [9]. Green Finance Initiatives - The bank's green finance assets surpassed 100 billion yuan, supporting key industries such as green energy and environmental protection [10]. High Dividend Policy - For the first half of 2025, the bank distributed cash dividends totaling 2.324 billion yuan, with a dividend payout ratio of 33.14%, an increase of 7 basis points from the previous year [12][13]. - The bank has consistently maintained a dividend payout ratio above 30% since its market debut in 2021, reflecting its commitment to shareholder returns [13].