<Results>ABC (01288.HK) Interim NP Elevates 2% to RMB135.892B; Div. RMB1.164 per 10 Shrs

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ABC (01288.HK) -0.060 (-1.183%) Short selling $95.77M; Ratio 17.708% announced its interim results for the six months ended June this year, with revenue of RMB367.14 billion, up 0.4% YoY. Net profit elevated 2% YoY to RMB135.892 billion, with an EPS of 37 cents. A dividend of RMB1.164 per 10 shares was declared, compared to no dividend for the same period last year.

Dividend History

Announce Date	Event	Particular
2024/04/29	1st Quarterly	No Dividend
2024/03/28	Final	D:RMB 0.2309 (Equivalent to approximately HKD 0.2533104)
2023/10/27	3rd Quarterly	No Dividend
2023/08/29	Interim	No Dividend

Today (30 Aug), ABC's board of directors considered and approved the Dividend Payment Scheme of the First Tranche of the Preference Shares for the Year 2023-2024. The lender will pay cash dividends of RMB5.32 per preference share, calculated at a coupon rate of 5.32%, to all holders of the preference shares on 5 November.

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During the period, net interest income increased by 0.1% YoY to RMB290.848 billion, while net interest margin of 1.45% and net interest spread of 1.3% decreased by 21 and 19 points YoY respectively. Net fee and commission income fell by 7.9% to RMB46.736 billion. Other non-interest income rose by 19.9% to RMB29.556 billion. Credit impairment losses were RMB100.998 billion, a YoY decrease of RMB1.354 billion. Among them, loan impairment losses amounted to RMB98.632 billion, representing a YoY increase of RMB1.864 billion.

As of the end of June, ABC's total assets amounted to RMB42 trillion, an increase of 5.3% from the end of last year, of which total loans and advances to customers amounted to RMB24.4 trillion, up 7.8% from the end of last year. Total liabilities amounted to RMB38.9 trillion, an increase of 5.3% from the end of last year, of which the balance of all-system customer deposits was RMB34.1 trillion.

The non-performing loan ratio was 1.32%, a decrease of 0.01 ppt from the end of last year. The balance of non-performing loans was RMB320.429 billion, an increase of RMB19.669 billion from the end of last year. Overdue loan ratio of 1.07%, down 0.01 ppt from the end of last year. The allowance for non-performing loans was 303.94%, and the capital adequacy ratio was 18.45%.

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(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

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