A recent research report from CSIC reveals that listed banks exhibited a marginal improvement in performance during the first half of 2025, with both revenues and profits reverting to positive growth paths. This shift indicates a gradual enhancement in the banks' core earnings capabilities. Notably, other non-interest income emerged as the most significant factor, demonstrating substantial improvement owing to the low volatility in the bond market during the second quarter and the early recognition of investment income from AC accounts by certain banks. It is projected that listed banks will sustain a modest positive growth trajectory throughout the year, with potential for further investment income releases. Banks possessing robust provisioning bases are anticipated to achieve more stable performance. Currently, the banking sector has yet to fully transition into a pro-cyclical phase, hence the high-dividend strategy remains a favorable approach. Investors are advised to prioritize targets with positive shifts in dividend payout ratios, manageable dilution risks associated with refinancing, and high, stable dividend yields.