Industrial and Commercial Bank of China (1398) investor relations material

Executive summary

• Operating income rose 1.8% year-over-year to RMB409.1 billion, while net profit declined 1.5% to RMB168.8 billion, maintaining industry leadership in total assets, loans, and deposits.

• Total assets surpassed RMB52.3 trillion, up 7.2% from year-end 2024, with loans and advances to customers increasing 6.4%.

• Asset quality remained stable: NPL ratio at 1.33%, allowance to NPLs at 217.71%, and capital adequacy ratio at 19.54%.

• Focused on digital transformation, green finance, and inclusive finance, launching over 100 AI application scenarios.

• Supported the real economy through targeted lending, green finance, and technology finance, while advancing internationalization and diversification.

Financial highlights

• Net interest income was RMB313.6 billion, down 0.1% year-over-year; net fee and commission income was RMB67.0 billion, down 0.6%.

• Non-interest income increased 8.5% to RMB95.5 billion, driven by higher gains on financial investments.

• Operating expenses rose 3.2% to RMB108.6 billion; cost-to-income ratio was 25.27%.

• Basic and diluted EPS were RMB0.46.

• Distributed RMB109.8 billion in cash dividends; interim dividend yield for A shares at 4.4–6.16%.

Outlook and guidance

• Will focus on high-quality development, prudent operations, risk prevention, and digital transformation.

• Plans to strengthen support for manufacturing, technology, green, and inclusive finance.

• Expects to maintain positive growth in operating income and net profit for the full year, aligning with national economic trends.

• Anticipates continued moderation in NIM decline, with stable asset quality and robust risk management.

• Will further enhance digital capabilities, green finance, and global service network.