Core Viewpoint - Harbin Bank is conducting a system upgrade on September 25, 2025, which will temporarily suspend various banking services to enhance customer experience [1] Group 1 - The system maintenance will occur from 0:00 to 1:00 on September 25, 2025 [1] - During the maintenance period, services such as credit card applications, inquiries, activations, transaction notifications, and certain loan services will be unavailable [1] - Customers are advised to make necessary arrangements in advance due to the service interruptions [1]

Core Viewpoint - Harbin Bank (06138) has demonstrated significant advancements in its inclusive finance business in the first half of 2025, launching innovative products such as "Money to Home" and "Agricultural Flash Loan" to enhance service efficiency through digital means [1] Group 1: Inclusive Finance Business Performance - The bank's micro and small enterprise loan disbursement reached 16.918 billion yuan, an increase of 1.62 billion yuan compared to the same period last year [1] - The outstanding balance of micro and small enterprise loans was 41.198 billion yuan, with a growth rate of 11.72% [1] - The average pricing of loans disbursed during the year was 5.83%, a decrease of 0.87 percentage points from the previous year, indicating a continued effort to lower financing costs for small enterprises [1] Group 2: Agricultural Loan Services - The outstanding balance of agricultural loans reached 32.2104 billion yuan, while the balance of loans to farmers was 16.5322 billion yuan [1] - The bank's services have expanded to cover most rural markets in 11 cities of Heilongjiang Province and parts of rural areas in Chengdu, Chongqing, Shenyang, Tianjin, and Dalian outside the province [1] - These efforts are aimed at significantly supporting local county economic development and the prosperity of rural financial markets, contributing to comprehensive rural revitalization [1] Group 3: Strategic Approach and Market Impact - The bank employs differentiated and bulk services to precisely meet the needs of micro, small enterprises, and the agricultural sector, alleviating financing difficulties while expanding its customer base [1] - This strategy enhances customer loyalty and opens new business growth points and profit spaces, demonstrating the bank's commitment to social responsibility [1]

Core Viewpoint - Harbin Bank (06138) has demonstrated significant advancements in its inclusive finance business in the first half of 2025, launching innovative products such as "Money to Home" and "Agricultural Flash Loan" to enhance service efficiency through digital means [1] Group 1: Financial Performance - The bank's inclusive small and micro enterprise loan issuance reached 16.918 billion yuan, an increase of 1.62 billion yuan compared to the same period last year [1] - The outstanding balance of these loans was 41.198 billion yuan, reflecting a growth rate of 11.72% [1] - The average pricing of loans issued during the year was 5.83%, a decrease of 0.87 percentage points from the previous year, indicating a continued effort to lower financing costs for small and micro enterprises [1] Group 2: Agricultural Loans - The outstanding balance of agricultural loans reached 32.2104 billion yuan, with the balance of loans to farmers at 16.5322 billion yuan [1] - The bank's services have expanded to cover the majority of rural markets in 11 cities of Heilongjiang Province and parts of rural areas in Chengdu, Chongqing, Shenyang, Tianjin, and Dalian outside the province [1] Group 3: Strategic Initiatives - The bank is focusing on differentiated and bulk services to precisely meet the needs of small and micro enterprises and the agricultural sector, alleviating financing difficulties while expanding its customer base [1] - This approach not only enhances customer loyalty but also opens new business growth points and profit spaces, supporting local county economic development and the prosperity of rural financial markets [1]

Core Viewpoint - Harbin Bank reported a stable growth in its mid-year performance for 2025, focusing on asset and liability restructuring, risk management, and deepening service to the real economy, achieving improvements in scale, quality, structure, and efficiency [2][4]. Financial Performance - As of June 30, 2025, the total assets of the group reached RMB 9,275.275 billion, an increase of RMB 112.956 billion, or 1.23% from the end of the previous year [2]. - Total customer loans and advances amounted to RMB 3,975.663 billion, up RMB 184.724 billion, or 4.87% [2]. - Total customer deposits were RMB 6,950.559 billion, with a slight increase of RMB 13.765 billion, or 0.20% [2]. - The group achieved operating income of RMB 73.855 billion, a year-on-year increase of 2.59% [2]. - Net profit reached RMB 9.921 billion, up RMB 1.462 billion, or 17.28% year-on-year [2]. - Return on average total assets was 0.22%, up 0.02 percentage points year-on-year [2]. - Return on average equity was 2.07%, an increase of 0.57 percentage points year-on-year [2]. Asset Quality - The non-performing loan balance was RMB 112.697 billion, with a non-performing loan ratio of 2.83%, down 0.01 percentage points from the end of the previous year [3]. - The provision coverage ratio was 209.95%, up 7.36 percentage points [3]. - The loan impairment loss provision ratio was 5.95%, an increase of 0.20 percentage points [3]. Support for Real Economy - The group emphasized financial support for the real economy, focusing on sectors such as technology finance, green finance, and inclusive finance [4]. - Company loans totaled RMB 2,332.248 billion, representing 58.7% of total loans, with an increase of RMB 278.198 billion [4]. Inclusive Finance Initiatives - The group launched a new digital retail credit product "Qian Dao Jia," enhancing online management and digital operations for small and micro enterprises [5]. - Inclusive finance loans for small and micro enterprises reached RMB 169.18 billion, up RMB 16.2 billion year-on-year, with a balance of RMB 411.98 billion, growing at 11.72% [5]. Retail Banking Development - Retail deposits totaled RMB 5,099.701 billion, an increase of RMB 99.931 billion, or 2.0% [7]. - The group maintained a 19.58% market share in retail deposits in Harbin, ranking first in the local market [7]. Cross-Border Business Growth - The group established partnerships with over a hundred financial institutions in 13 Belt and Road countries, promoting cross-border RMB payment services [10]. - Cross-border settlement business volume saw significant growth, enhancing the quality of cross-border financial services [10]. Digital Transformation - The group is advancing its "Digital Harbin Bank" initiative, focusing on enhancing operational security and technology-driven capabilities [12]. - The group is committed to optimizing its international settlement systems and improving efficiency in cross-border financial services [11].

Core Viewpoint - Harbin Bank reported its mid-year performance for 2025, showing steady growth in assets, loans, and profits, while maintaining a strong focus on supporting the real economy and enhancing financial services [1][2]. Financial Performance - As of June 30, 2025, the total assets of the group reached RMB 927.275 billion, an increase of RMB 11.296 billion, or 1.23% from the end of the previous year [1] - Total customer loans and advances amounted to RMB 397.566 billion, up RMB 18.472 billion, or 4.87% [1] - Total customer deposits were RMB 695.056 billion, with a slight increase of RMB 1.376 billion, or 0.20% [1] - The group achieved operating income of RMB 7.386 billion, a year-on-year increase of 2.59% [1] - Net profit reached RMB 992.1 million, up RMB 146.2 million, or 17.28% [1] - The non-performing loan balance was RMB 11.2697 billion, with a non-performing loan ratio of 2.83%, down 0.01 percentage points from the end of the previous year [1] Support for Real Economy - The group emphasized its commitment to supporting the real economy, focusing on high-quality development and enhancing financial services for various sectors [2] - It increased credit support for key areas such as technology finance, green finance, and inclusive finance, particularly in manufacturing and agriculture [2] - Company loans totaled RMB 233.2248 billion, representing 58.7% of total loans, with a growth of RMB 27.8198 billion [2] Inclusive Finance Initiatives - The group launched a new digital retail credit product, "Qian Dao Jia," aimed at small and micro enterprises, achieving a loan issuance of RMB 16.918 billion, up RMB 1.62 billion year-on-year [3] - The balance of inclusive loans reached RMB 41.198 billion, with an annual growth rate of 11.72% [3] - The group introduced various agricultural financing products to support local farmers and enhance rural economic development [3] Retail Banking Development - Retail banking is a key focus, with total retail deposits reaching RMB 509.9701 billion, an increase of RMB 9.9931 billion, or 2.0% [5] - The group aims to enhance customer service through a "financial + non-financial" comprehensive service model, catering to diverse customer needs [5] - The number of retail customers grew to 15.0823 million, with a financial asset balance of RMB 542.076 billion [5] Cross-Border Business Growth - The group actively engaged in cross-border financial services, establishing partnerships with over a hundred financial institutions in 13 Belt and Road countries [7] - Cross-border settlement business volume saw significant growth, enhancing the group's international financial service capabilities [7][8] Digital Transformation - The group is advancing its "Digital Harbin Bank" initiative, focusing on enhancing technology support and innovation capabilities [9] - Efforts include optimizing the international settlement system and improving data governance to streamline business processes [8][9] Risk Management - The group maintains a prudent risk management approach, enhancing its risk management framework to ensure sustainable business development [10][11] - Continuous improvement in risk identification, measurement, and monitoring processes is emphasized to support high-quality growth [11]

Core Insights - Harbin Bank and Chengdu New Hope Financial Information Co., Ltd. signed a strategic cooperation agreement to enhance digital growth, intelligent risk control, and digital customer operations, accelerating the integration of traditional finance and modern technology [2][3] - The newly launched digital product "Qian Dao Jia" includes consumer loans and business loans, utilizing big data and artificial intelligence for real-time risk control and automated approval, transforming the credit decision-making process from experience-driven to data-driven [2][3] - "Qian Dao Jia" offers personalized product recommendations and dynamic credit adjustments based on customer profiles, shifting financial services from standardized offerings to customized experiences [2][3] Digital Transformation Initiatives - Harbin Bank has initiated the "Digital Ha Xing" project, implementing ten foundational projects to reconstruct its management and financial service system, focusing on innovation, collaboration, and agility [3] - The "Qian Dao Jia" consumer loan product integrates into residents' daily life scenarios, allowing loan applications via WeChat mini-program, with approval and disbursement completed in as little as one minute, offering loans up to 800,000 yuan [3] - The business loan product targets the financing needs of small and micro enterprises, providing up to 1 million yuan in unsecured loans, aligning with government measures to support small business financing [3] Future Directions - New Hope Group's CEO emphasized the commitment to delivering and innovating the "Qian Dao Jia" project, aiming for enhanced business efficiency, service innovation, and user experience [4] - Harbin Bank plans to leverage the "Qian Dao Jia" brand to advance digital capabilities and service ecosystem upgrades, focusing on collaborations with established brands and core enterprises in sectors like ice and snow economy and green economy [4] - The bank aims to strengthen its digital risk control system by integrating various governmental data sources to lower loan application barriers for small micro clients, enhancing loan accessibility for high-tech talents and new citizens [5]