Stable Core Profit Indicators
The group's net operating income was RMB 251.28 billion, a year-on-year decrease of 0.52%, with the decrease narrowed by 1.21 percentage points compared with the first half. Net profit attributable to the bank's shareholder was RMB 113.7 billion, year-on-year increase of 0.52%, up by 0.27 percentage points compared with the first half.
Wealth Management Business Growth
The bank's wealth management business showed good growth momentum with net fee and commission income recording positive year-on-year growth for the first time in 3 years. Retail AUM was RMB 16.6 trillion, up by RMB 1.67 trillion compared with the end of last year, a growth rate of 11%. Wealth management fee and commission income was RMB 20.67 billion, up by 18%, a faster growth than the first half.
Corporate Loan Growth
Corporate loan RMB 3.15 trillion, up by 10.01% compared with last year-end, indicating strong growth in this segment.
Stable Asset Quality
The NPL ratio was 0.94%, down by 0.01 percentage points. The NPL in the property and manufacturing sectors were 4.24% and 0.45%, down by 0.5 and 0.05 percentage points, respectively.