CITIC Bank held its interim results presentation today on August 28. Lu Wei, Executive Director and President of CITIC Bank, summarized the first half performance as "achieving success amid difficulties with steady progress." He noted that the bank continued its stable and balanced development trajectory, maintaining positive net profit growth, with second-quarter year-over-year growth improving by 2.4 percentage points compared to the first quarter, consistently outperforming industry trends.

In the first half, CITIC Bank strengthened its profitability foundation through a dual-wheel approach of "revenue enhancement and cost reduction." On the revenue side, the bank continued to stabilize interest margins while expanding intermediate income, with second-quarter revenue decline showing marginal improvement compared to the first quarter. On the cost side, funding costs, operating costs, and risk costs were effectively reduced, jointly supporting profit growth. As of the end of June, the non-performing loan ratio declined for six consecutive years, while the provision coverage ratio increased for four consecutive years, with the trend of stable and improving asset quality becoming increasingly evident. "We persist in not trading risk deterioration for short-term profits, and this forms the solid foundation of our performance growth," Lu Wei emphasized.