Agricultural Bank of China Limited (ACGBY) Q2 2026 Earnings Call Transcript

Welcome to 2026 interim results announcement. I am very happy to be here with media friends, analysts, and the investors. Hereby, I would like to extend a warm welcome for you active participation, and also, I would like to express active statements for your long-term support for Agricultural Bank of China. Present at today's press conference are Vice Governor Lin Li, Wang Dajun, and Board Secretary Liu Qing. We are also joined by the directors who join us online. Here, I would like to extend to you three aspects. First of all, the operational performance of Agriculture Bank of China. 2026 is the third year of 14th, 5-year plan. The Agriculture Bank of China earnestly implemented the decisions and arrangement of CPC Central Committee and the State Council deeply has practiced the political and people-oriented financial work adhered to the main line of preventing risk and promoting high-quality development. Here, I would like to share with you the five figures for the operational performance of our bank. The profit growth rate exceeded 5% in the first half year. Net profit had grown by 5.8%, an increase of 1 percentage point compared to the first quarter, and our operating income increased by 11.2% year-on-year, an increase of 0.7 percentage points compared to the first quarter, showing good growth momentum. Also, we -- in the first half year, the return on net assets was 10.14%, maintaining a leading