招商银行2025年中期报告

22346883.183.2153.3193.4253.5293.6293.7303.8343.9393.10513.11553.1257(ESG)67747785 100% 100% 571 1.2.20258293.2025202420252026124.202520255.6.7. 1.1 1.1.1China Merchants Bank Co., Ltd. 1.1.2 1.1.37088 1.1.4 7088518040+86 755 8319 8888+86 755 8319 5555cmb@cmbchina.comwww.cmbchina.com95555-7+86 400 820 5555-7 1.1.5831 1.1.6 A600036H039681360028 1.1.711701-1297927 1.1.8 1.1.9A 188+86 4008 058 058 H 183171712-1716+852 2862 8555 1.1.10 (www.cs.com.cn)(www.stcn.com)(www.cnstock.com)(www.sse.com.cn)(www.cmbchina.com)(www.hkex.com.hk)(www.cmbchina.com) 1.2 19872002420069 AppApp 3.1 3.1.1 2025 LPR 3.1.2 1,699.231.73%749.300.25%1,060.851.57%638.386.77%(ROAA)(ROAE)1.21%13.85%0.111.59 126,571.514.16%71,166.163.31%113,602.914.05%94,223.793.58% 663.707.600.93%0.02410.93%1.053.83%0.09 3.2 3.2.1 889.060.82%15.19%0.72 3.2.2 1,699.231.73%62.43%37.57%2.03 3.2.3 1,770.145.84% 1,190.809.93%LPR 26,974.96527.503.94%42,578.71663.303.14% 449.338.05%2.89%25 84.149.19% 3.2.4 709.2915.10% 565.1915.04% 95.658.06% 29.2324.66% 3.2.5 1,060.851.57% 3.2.6 638.386.77% 376.021.89%127.9711.89%54.536.91%72.2116.37%76.023.27%22.896.95%26.074.95%38.982.04%3.9.2 262.3612.97%202.2212.66%-48.1914.5125.55%77.1020.26% 254.420.66%39.85%306.789.83%48.06%177.1812.69%12.09% 3.2.7 563.830.07%354.840.80%208.991.57%30.11%0.36 3.2.8 246.238.56% 233.4120.9214.469.24 3.3 3.3.1 126,571.514.16% (1) (2) 3.3.1.1 71,166.163.31%56.23%0.453.4 3.3.1.2 6,608.1917(a) 19,864.0317(b) 12,480.5017(c) 238.3417(d) 330.486.55%1819 3.3.1.3 5.7999.54 3.3.2 113,602.914.05% 94,223.793.58%82.94% 49.72%0.6251.32%0.5847.77%0.55 3.3.3 12,892.335.16%6,562.673.50%338.7511.75%30.3536.98% 3.4 3.4.1 663.707.600.93%0.02 3.4.2 30,896.917.89%43.42%286.4818.270.93%0.13 36,781.880.92%51.68%377.1325.781.03%0.07 3.4.3 7,220.237.82%10.15%0.43 3.4.4 3.4.5 3.24%10.28%2.53%4.14% 3.4.6 249.991.82%1,589.8611.57%11.71%2.23% 3.4.7 970.8452.091.36%0.0334.42%16.46%49.12%901.28601.12 3.4.8 3.4.9 5.051.373.6854.76 3.4.10 2,727.3324.32410.93%1.053.83%0.0916(c) 3.5 3.5.1 11.25%9.25%8.25%4.375% 3.5.2 3.5.3 14.00%17.07%18.56%0.860.410.49 (1)2023111 13.82%17.03%18.55%1.020.500.62 11.92%14.53%15.61%0.510.100.12 11.58%14.27%15.35%0.610.130.14 3.5.4 19.37242.13 3.5.5 3,807.12304.57 3.5.6 7,157.62572.61 3.6 520.361.64%58.53%1.42961.790.25%56.60%1.1231.37%0.86 38 3.7 3.7.1 32,586.4939(a) 3.7.2 3.8 3.8.1 2.162.86%336.796.36%12ROAAROAE1.21%13.85%167AppESG 3.8.2 6326.56%23.72%39.49%25.28%78,5692,226.35414.95%25.16% 3.8.3 2025732.46554.275,228.891,643.882,140.1612.85%IPO5(AUM)6,236.9316.51%69,320.909.00%12.54%2.93 3.8.4 (AUM)16.037.39%40,166.244.99%36,114.080.94%55%6.00% 50,468.081.91%27,987.208.04%6,962.0517.91%4,147.14712.90%6,913.087.77% (FPA)8.90%27.39%129.37%66,58514.95%8100 6,107.004.90%TREE1,132.679.17%4,590.5914.80%4.45924.14 3.8.5 AI+44.442.93%10,7829.13%AI3862144,7964,007 AppApp(MAU)1.21App 94.26%84.33%0.456.92213.0512.61%70.9215.28%AI111+AI (GRS)70.00%15.97%2,791.0547.96%AIAI10 CRMCRM7,000GPTGPT14.91 2380%54.8654.05% +AI+99.999%6,314ITAI80%65%AIAI1844753.9AI 3.8.6 1.01%AI100%AI 3.8.7 (AUM)16110.43120.22 3.8.8 0.92%0.01(GRS) 3.9 3.9.1 1.88%1.94%1213101.86%1.91%5LPR 20255 3.9.2 638.386.77%37.57%2.03376.021.89%58.90%262.3612.97%3.2.6208.57135.45% 127.9711.89%45.9126.27%32.0918.76%24.3814.35%15.6346.90%8.2366.94%54.536.91%26.074.95%72.2116.37%76.023.27% 2025H 3.9.3 3,609.623.51%1,943.1212.84%2,803.0560.604.15%0.2285%4.56%0.18 3.9.4 9 0 , 6 3 4 . 3 23 . 2 5 %2 0 2 42 0 2 51476,090.587.77%87.36%1.1243,777.364.78%50.26%0.77 3.9.5 67,588.653.22%57.28%0.2636,114.080.94%53.43%1.2127,987.208.04%41.41%1.8531,840.8410.60%26.98%1.68 3.9.6 327.217.490.98%0.0422.2232.92107.3043.01197.692.60 2,617.0418.19422.63%2.603.87%0.100.67%0.07 318.46146.21127.1930.9114.15 3.9.7 3.9.3 91.56%0.5987.94%0.31 0.46%0.021.42%0.140.83%0.0238.39%1.24 220.1813.451.64%0.103.35%0.232.92%0.19 0.96%0.170.57%0.081.18%0.21 3.9.8 56.52%RAROC23.53% 515.63 3.10 3.10.1 499.770.02%932.560.71%61.56%691.300.32%74.13%241.263.56%25.87%49.63%112.726.00%48.32%71.5916.48% (AUM) 2.162.86%50563.237.57% (AUM)160,293.957.39%40,166.244.99%48.92% 42,805.048.84%2,663.787.84%918.36175.24%851.6032.77% 112.7243.8326.2425.3715.561.723.9.2 6,107.004.90% TREE1,132.679.17% App167 1,000182,7408.07% 15 App 9,692.676,963.3220,209.608.54%306.124.96%104.7116.23%3.9.7 161.531.75% AIAppApp3.10.3 36,114.080.94%53.43%1.2126,870.352.16%39.76%0.41 273.881.02%0.10214.150.80%0.10 14,238.591.43%8,417.512.17%4,162.885.08% 3.10.2 331.355.73%608.725.87%40.18%381.102.92%62.61%227.6217.65%37.39%46.82% (FPA)64,544.92163,954.691737,811.301,972.511826,733.621,982.18FPA41.42%0.57 336.796.36%30.51 3211910,619.580.51%12,723.744.63%7,084208,646.3911.66%4,320.796.09% +++6.613.28%9,931.218.33% 78,569 202.2319.58%133.2412.12%1.2810.34% 50,468.081.91%48,482.313.89%51.33%0.801.31%27 27,987.208.04%41.41%1.85