Bank of Communications achieved operating revenue of 133.368 billion yuan and net profit attributable to shareholders of 46.016 billion yuan in the first half of the year, representing year-on-year increases of 0.77% and 1.61% respectively. The bank is breaking down departmental barriers, making data a true production factor, and advancing technology applications from surface-level implementation to deep business restructuring.

On August 29, Bank of Communications officially disclosed its 2025 interim report, with multiple refined indicators including asset scale, revenue, net profit, and non-performing loans showing positive performance. Data shows that as of the end of June 2025, the bank's total assets reached 15.44 trillion yuan, an increase of 3.59% from the end of the previous year. During the reporting period, Bank of Communications achieved operating revenue of 133.368 billion yuan and net profit attributable to shareholders of 46.016 billion yuan, representing year-on-year increases of 0.77% and 1.61% respectively. Among state-owned major banks, the dual positive growth in revenue and net profit is particularly noteworthy.

Additionally, at the end of the reporting period, Bank of Communications' non-performing loan ratio stood at 1.28%, down 0.03 percentage points from the end of the previous year, while the provision coverage ratio reached 209.56%, up 7.62 percentage points from year-end. Industry professionals noted that this series of data illustrates Bank of Communications' balancing act between stable growth and risk control.

At the earnings conference on August 29, Bank of Communications President Zhang Baojiang stated that the relevant meeting held at the end of July made a series of deployments targeting current challenges, particularly emphasizing that macroeconomic policies should continue to exert force and strengthen at appropriate times. Meanwhile, the meeting made various arrangements for expanding domestic demand, boosting consumption, and ensuring people's livelihood, with many policies gradually being implemented recently.

"It should be said that with the implementation of these policies, China's economy will continue to maintain an overall stable and steady progress trend, which will provide good support for the banking and financial industries," Zhang Baojiang expressed. Bank of Communications will fulfill its responsibilities as a state-owned major bank, playing the role of main force and ballast stone, achieving high-quality development through high-quality service to national strategies and the real economy and social livelihood.

Sustained and stable operational capabilities have brought Bank of Communications improved earnings per share and stable dividends. In terms of shareholder returns, Bank of Communications continues its interim dividend tradition, proposing to distribute cash dividends of 0.1563 yuan per share (including tax) to all shareholders, totaling 13.811 billion yuan in dividends, accounting for over 30% of net profit attributable to parent company. This marks the 14th consecutive year of maintaining a dividend ratio above 30%, stabilizing investor confidence amid market volatility.

**Dual Growth in Revenue and Net Profit**

During the reporting period, Bank of Communications achieved operating revenue of 133.368 billion yuan, up 0.77% year-on-year, and net profit attributable to shareholders of 46.016 billion yuan, up 1.61% year-on-year. Industry analysts pointed out that achieving dual growth in revenue and net profit amid deepening interest rate marketization relies on precise efforts on the asset side.

Bank of Communications' interim report shows that net interest income, the main revenue driver, reached 85.247 billion yuan, up 1.20% year-on-year, accounting for over 63% of total revenue and serving as the "ballast stone" supporting growth.

Structural optimization of loan placement became an important driver for Bank of Communications' stable interest income growth. Data shows that as of the end of June, Bank of Communications' customer loan balance reached 9 trillion yuan, an increase of 443.4 billion yuan from year-end, representing a 5.18% growth rate and 132.7 billion yuan more than the same period last year.

In loan structure, Bank of Communications further increased support for national major strategies, key areas, and weak links. Loans in the three major regions of Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Beijing-Tianjin-Hebei grew by 5.57%, domestic private enterprise loans grew by 9.04%, and domestic personal consumer loans grew by 18.06%, all exceeding the overall loan growth rate.

In areas related to the "five major articles," Bank of Communications' layout shows greater foresight. Among them, technology loan balance exceeded 1.5 trillion yuan, with the number of borrowing enterprises increasing 11.12% compared to year-end, including 32,300 technology-based small and medium enterprises receiving support, with loan balance growth reaching 22.93%, injecting momentum for innovation-driven development. Inclusive loan balance reached 852.401 billion yuan, growing 12.96% from year-end, continuously providing "blood transfusion and oxygen supply" to small and micro enterprises. Elderly care industry loan balance grew 21.39% from year-end, precisely meeting social needs under population aging trends.

Steady improvement in asset quality has built a solid "firewall" for Bank of Communications' performance growth. At the end of June, Bank of Communications' non-performing loan ratio was 1.28%, down 0.03 percentage points from year-end, while provision coverage ratio reached 209.56%, up 7.62 percentage points from year-end. Additionally, in the first half of the year, Bank of Communications disposed of 37.83 billion yuan in non-performing loans, an increase of 27.9% year-on-year, including substantial recovery of 20.37 billion yuan, with growth reaching 54.3%.

"Accelerated NPL disposal and improved provision coverage ratio means banks have more sufficient 'ammunition' to resist risks," commented a banking industry researcher.

Since this year, targeting current credit situations and conditions, Bank of Communications has conducted extensive risk management work. Bank of Communications Vice President Gu Bin stated at the earnings conference, "We continuously optimize forward-looking prediction and control of asset quality, further improving the management mechanism of reduction, withdrawal, and reinforcement for risky clients."

Additionally, Bank of Communications has strengthened prevention and control of risks in key areas, enhancing coordination, such as supporting debt resolution in key provinces and platform transformation development, coordinating real estate business development and risk prevention, promoting retail credit and small enterprise risk assessment tools, and implementing precise positioning for high-risk products and clients.

"Currently, we are relatively more concerned about asset quality control in real estate, retail credit, and small enterprise businesses," Gu Bin said. In the next phase, Bank of Communications will strengthen management in three key aspects: strengthening control over overdue loans; further intensifying control over key industries and regions; and further strengthening digital empowerment and deepening AI technology applications.

From the first half's operating performance, Bank of Communications' revenue and net profit achieved positive growth compared to the same period last year, continuing the steady improvement and quality enhancement trend, fulfilling commitments to shareholders with good performance and stable dividends. Bank of Communications Board Secretary He Zhaobin stated at the earnings conference, "We are more confident in continuously rewarding investors with good performance and stable dividends."

Enhanced capital strength has also energized Bank of Communications' future development. During the reporting period, Bank of Communications completed a 120 billion yuan capital increase, with core tier-1 capital adequacy ratio improving 1.18 percentage points from year-end, providing space for serving the real economy and increasing credit investment while enhancing resilience against market volatility.

**Building Digital Operation Model**

As a major reform promoted this year, Bank of Communications' digital operation center has attracted significant market attention. At the interim report earnings conference on August 29, several senior executives responded to this topic.

Zhang Baojiang stated that Bank of Communications will embed more financial services into digital scenarios, deepen implementation of digital operation model reforms, accelerate improvement of the implemented digital operation center operation mechanism, build digital empowerment, direct operation, and centralized operation systems, using data elements and artificial intelligence to empower duty fulfillment, development, and risk prevention.

Bank of Communications Vice President and Chief Information Officer Qian Bin introduced that as an important tool for enhancing Bank of Communications' retail business integrated operation capabilities, the digital operation center's main functions include three aspects:

First, strengthening direct operations to create new business growth poles. Using digital means to strengthen online direct operations of retail credit business, establishing volume-price relationship calculation mechanisms based on online channel customer characteristics and profiles, designing differentiated strategies, and matching different channels and models for different customer categories, breaking through limitations in customer reach efficiency and conversion capabilities of previous operation methods. This effect has already shown results. According to Qian Bin, Bank of Communications' deployment of model strategies in personal mobile banking improved credit approval rates and withdrawal rates by 67% and 83% respectively compared to original models; telephone banking channels added "event-based" marketing leads strategies, with productivity improving nearly 80% compared to ordinary strategies, and online direct operation consumer loan balance increasing 153% net year-on-year in the first half; personal mobile banking applications using AI models improved personalized service precision with conversion rates increasing more than 2-fold; mobile banking MAU at the end of June increased nearly 10% compared to last year.

Second, strengthening shared reuse of basic capabilities to accelerate integration of online and offline development.

Third, strengthening centralized operations, deepening digital technology applications, and promoting closed-loop realization of retail asset business, risk concentration, operational management, and front-back office complaints.

"Bank of Communications' establishment of the digital operation center is not simply hanging a department sign, but breaking down departmental barriers to make data a true production factor," a Bank of Communications representative previously stated frankly.

This transformation is moving from the "surface" of technology applications to the "deep waters" of business restructuring.

In recent years, Bank of Communications has attached great importance to digital transformation, making it an important fulcrum of group strategic transformation. Continued investment in technology has also paved the way for Bank of Communications' transformation. Data shows that over the past three years, Bank of Communications' technology investment as a proportion of revenue and technology personnel growth have both maintained industry-leading levels.

Contract scanning volume and processing time significantly reduced by over 50%; account opening time compressed from 2 hours to 30 minutes; promoting end-to-end applications in anti-money laundering and anti-telecom fraud fields, implementing multi-channel, multi-scenario early warnings with daily transaction identification accuracy exceeding 80%; enhancing credit product online, batch, and credit capabilities, with online product balance accounting for over 60% of inclusive two-increase loans by the end of June; cross-bank cloud services adding over 50% new group customers...

Through the above data, Bank of Communications' digital empowerment effectiveness in internal services and customer-facing aspects is clearly visible, with achievements evident.

Data shows that as of the end of June this year, Bank of Communications' mobile banking monthly active customers reached 49.1228 million; Paybar monthly active customers reached 26.5997 million; open banking provided 6,582 open interfaces with cumulative calls exceeding 8.5 billion; cloud steward service users reached 10.7055 million, growing 9.41% from year-end.

Obviously, behind these numbers is customer recognition of Bank of Communications' digital services and a vivid practice of "customer-centricity" in transformation.

From stable performance growth to transformation breakthroughs, Bank of Communications' interim report presents a picture of "steady progress with quality improvement." As a market observer noted, in a complex economic environment, this bank is accelerating on the track of financial services to the real economy, using solid fundamentals as a foundation and digital transformation as a cutting edge.

(Risk Warning: Markets involve risks, investment requires caution.)