On September 2, Bank Of Chongqing Co.,Ltd. (Stock Code: 601963.SH, 01963.HK) held its 2025 interim results presentation. Chairman Yang Xiuming, accompanied by President Gao Song, Executive Director and Vice President & Board Secretary Hou Ximeng, Vice President Zhang Peizong, Vice President Li Cong, Vice President Yan Xiaochuan, and Vice President & Chief Risk Officer Wang Wei, attended the meeting.
The presentation was broadcast live through Shanghai Stock Exchange Roadshow Center, Bank Of Chongqing's WeChat video channel, and Panorama Network, attracting over one million participants including domestic and overseas institutional investors, individual investors, securities analysts, and media representatives, garnering widespread attention from the capital market. During the meeting, the roadshow team introduced Bank Of Chongqing's comprehensive operational indicators and business line developments since 2025, and addressed questions and concerns from securities analysts and investors.
**Embarking on Trillion-Yuan Journey and Successfully Completing the "14th Five-Year Plan"**
Chairman Yang Xiuming introduced that since the beginning of this year, the bank has resolutely implemented the deployment requirements of the Party Central Committee, Chongqing Municipal Party Committee, Municipal Government, and regulatory authorities. Adhering to the "Five High" positioning of high-target guidance, high-standard transformation, high-efficiency operations, high-quality services, and high-quality development, the bank has focused on key work measures, united efforts, and worked pragmatically to advance various initiatives, achieving new progress and effectiveness, laying a solid foundation for the successful completion of the "14th Five-Year Plan" and embarking on the trillion-yuan journey. The overall performance demonstrates three major highlights.
**Highlight 1: Striving for Excellence with Remarkable Development Results**
Accelerated development with enhanced resilience. As of the end of July, the bank's total assets reached 1,008.7 billion yuan, successfully entering the ranks of trillion-yuan banks and becoming the nation's first trillion-yuan "A+H" listed city commercial bank. Its comprehensive strength has ranked among the world's top 300 banks for ten consecutive years. Deposit and loan scales exceeded 540 billion yuan and 500 billion yuan respectively, growing 14.8% and 13.6% from the beginning of the year.
Comprehensive advancement with increased market share. In the first half of the year, the bank's loan increment of 60 billion yuan ranked first among Chongqing's financial institutions, with a market share of 5.22%, up 0.54 percentage points. Deposit increment reached 70 billion yuan, ranking second in Chongqing with a market share of 7.85%, up 0.75 percentage points.
Value creation with improved performance. Revenue, net interest income, and net profit all achieved positive growth. In the first half of the year, the bank achieved revenue of nearly 7.7 billion yuan, net interest income of over 5.8 billion yuan, and net profit of nearly 3.4 billion yuan, growing 7%, 12.2%, and 5.7% year-on-year respectively. Multiple indicators including per capita and per branch assets and profits maintained good levels among listed city and rural commercial banks nationwide.
Steady progress with better quality. Key risk control indicators showed "three decreases and one increase." The bank's non-performing loan ratio was 1.17%, special mention loan ratio was 2.05%, and overdue ratio was 1.58%, down 0.08, 0.59, and 0.15 percentage points respectively from the beginning of the year. Provision coverage ratio increased 3.2 percentage points to 248.3%. All capital adequacy ratios met regulatory requirements.
**Highlight 2: Focusing on Core Business, Further Enhanced Service Capacity**
Firmly implementing major deployments and seizing strategic opportunities. The bank actively seized the overlapping opportunities of national strategies such as the construction of the Chengdu-Chongqing Economic Circle and the New International Land-Sea Trade Corridor, providing credit support of nearly 140 billion yuan to the "dual-city" region and supporting over 90 major regional projects through loans and bonds. Financing balance for "corridor" construction exceeded 47 billion yuan, doubling year-on-year.
Precisely serving key areas and deepening industry-finance integration. Focusing on the development needs of key areas, the bank introduced over 30 measures supporting manufacturing and private economy high-quality development, fully supporting Chongqing's "33618" modern manufacturing cluster system, key industrial clusters in Sichuan, Shaanxi, and Guizhou provinces, and regional new productive force development layout. Manufacturing loans and medium-to-long-term manufacturing loans increased 26% and 31% year-on-year respectively, with industrial park loan disbursement up 15% year-on-year and inclusive small and micro loan increment ranking first in Chongqing.
Highlighting distinctive business development and cultivating competitive advantages. The bank first used ESG rating results to issue transition finance loans, landed Chongqing's first "Industrial Green Efficiency Loan" and first "Collective Forest Land Management Rights + Ecological Product Value" dual-collateral loan, with green loans growing 28% from the beginning of the year. Strengthening the "Sci-Tech Enterprise Quick Loan" model, issuing 3 billion yuan in technology innovation bonds, increasing support for technology companies, with technology loan balance growing 48% year-on-year. Upgrading digital credit "Jie E Loan" and creating flagship consumer finance products, with balance growth of 35%, driving counter-cyclical business growth.
**Highlight 3: Steadfast Progress with More Abundant Development Momentum**
Strengthened interest margin control. The bank enhanced asset-liability linkage management through refined management of "volume limitation, quota allocation, price control, and cost reduction," striving to stabilize interest margin levels and profitability. In the first half of the year, the proportion of three-year and five-year savings deposits decreased 3.5 percentage points, deposit interest rates and liability costs decreased 26BP and 29BP respectively from year-end, and net interest margin expanded 4BP from the beginning of the year to 1.39%.
Continuous optimization of mechanisms and processes. The bank planned and implemented 13 key annual reform tasks, forming coordinated assessment and branch-level management schemes. Enterprise "e-account opening" achieved full coverage across all branches. Strengthening human resources reform, building a customer manager grading system based on the "dual-channel" foundation, establishing a "trinity" employee career development system of administrative management, professional channels, and grade assessment, with evaluation standards. A batch of mechanisms and processes affecting operational efficiency and team building were improved and optimized, further releasing team vitality.
More effective digital empowerment. The bank used digital project construction and key application promotion as drivers to continuously empower business development. Integrating data from six major systems including credit and credit cards to provide data support for precise customer acquisition and risk control. Customer manager per capita efficiency improved 28%, intelligent authorization review efficiency increased threefold. The treasury system contract business was implemented, making it the first local corporate bank nationwide to have projects selected for regulatory innovation applications for six consecutive years.
Stronger compliance assurance. The bank further strengthened the coordinating and supervising role of internal control and compliance management departments in supervision, inspection, and accountability, deepened vertical audit management reform, promoted the improvement of multi-level, comprehensive joint prevention and control mechanisms, optimized authorization and credit approval, and strengthened employee behavior management to safeguard compliant operations and standardized business development.
**"Five Focus Areas" for Solid Advancement of Operational Management**
President Gao Song stated: "Since the beginning of this year, we have maintained firm confidence and determination, worked with full vigor, and strived to push high-quality development to new heights. Specifically, in the first half of the year, we focused on the following five aspects to solidly advance various operational management tasks."
First, strengthening business placement to achieve asset "volume increase." Actively expanding quality projects, the proportion of discount assets decreased 2.2 percentage points, with general loan balance excluding discounts growing 16%. Bond balance increased 21%, with AA-grade and above credit bonds increasing their proportion by 6.1 percentage points. Foreign currency bond balance increased 2.8 billion yuan, ranking first among western regional banks.
Second, strengthening volume-price coordination to achieve liability "quality improvement." Improving liability business scale, the bank's savings deposit balance increased 40.1 billion yuan, with increment ranking second in Chongqing and proportion increasing 0.6 percentage points. Corporate deposit balance increased 27.5 billion yuan, with increment ranking first in Chongqing.
Third, strengthening diversified profit creation to achieve income "enhancement." Expanding interest-earning assets, the bank's average interest-earning assets in the first half increased 112.5 billion yuan year-on-year, driving interest income growth of 2.28 billion yuan. Interest-bearing liability costs decreased 36BP, reducing interest expenses by 1.25 billion yuan.
Fourth, strengthening innovation-driven development to achieve reform "efficiency improvement." Implementing volume-price coordination, the bank dynamically adjusted asset and liability pricing bidirectionally based on market interest rate centers, with deposit interest rates declining an additional 12BP year-on-year and deposit-loan net interest income growing 12% year-on-year.
Fifth, strengthening comprehensive coordination to achieve risk control "upgrading." Strengthening risk management, the bank constructed collaborative control mechanisms, enriched digital technology applications, added 15 customer rating models and 6 scenario risk control models, continuously enhancing risk identification, early warning, and disposal capabilities.
**Emphasizing Benefit Orientation, Strengthening Distinctive Advantages for Better Quality Enhancement**
Yang Xiuming stated: "With the care and support of all sectors of society, Bank Of Chongqing has anchored its trillion-yuan strategic goal, dared to compete in fierce market competition, and delivered a first-half performance that met expectations. In the second half, we will maintain strategic focus, strengthen systematic integration and comprehensive coordination, and implement practical measures to reward investors with high-level performance and steady returns."
First, seeking development through comprehensive operations. The bank will continue to tap potential around comprehensive operations, promoting coordinated development of asset-liability business with steady progress and quality improvement.
Second, seeking market share through distinctive advantages. The bank will always adhere to differentiated and distinctive development strategies, accelerating the cultivation of distinctive advantages to enhance core market competitiveness and drive market expansion.
Third, seeking momentum through reform and innovation. The bank will persist in using reform and innovation methods to streamline processes, optimize mechanisms, and continuously release operational vitality.
Fourth, seeking benefits through risk control. The bank will deepen comprehensive risk management, focus on managing credit risk well, ensure controllable risk costs and stable-to-improving indicators, and safeguard operational results.
Yang Xiuming expressed that Bank Of Chongqing's first-half development achievements cannot be separated from the care, attention, and strong support of all sectors of society. Bank Of Chongqing will always uphold the political and people-oriented nature of financial work, continuously improve the professionalism and effectiveness of financial services, create greater value returns for shareholders, customers, and investors, contribute more financial strength to economic and social development, and live up to the expectations and support of all sectors of society.